Document:

EX-10.29

 Exhibit 10.29 
  

 
 Private & Confidential 

Mike McClellan 
 September 19, 2017 

Special Award 
 Dear Mike, 

There are numerous reasons to believe in Teva and they start with people like you who are loyal, dedicated and professional. We are committed to maintaining a
strong focus on our people, enhancing professional and leadership capabilities, while embracing a diverse range of perspectives. 
 We would like to
recognize the critical role you play in Teva and to ensure your continued valuable contribution to the company’s future. 
 Therefore, we are
pleased to inform you that you have been selected by the Board of Directors and its HR & Compensation Committee to receive a one-time Special Award. 

The Special Award has a total value of approximately $202,500 divided among the following three components: 

$67,500 in cash (pre-tax), 12,341 Options and 4,091 RSUs*. 

50% of the cash award shall vest in September 2018; and 50% of the cash award shall vest in September 2019. The Options and RSUs shall vest in
September 2019. 
 * Number of Options and RSUs were determined based on the fair values of Options and RSUs as of August 11, 2017 ($5.47 and
$16.5 respectively). Please note that the fair value on grant date may differ and the final value of Options and RSUs on grant date shall be computed based on the number of units listed above. 

The Special Award is subject to the terms and conditions set forth in the attached document, “Conditions for Special Award.” 

We strongly believe in the company and in your contribution to its success. We look forward to your continued commitment towards Teva’s short and
long-term strategic goals. 
 Sincerely, 
  

			
	/s/ Dr. Sol J. Barer	  	/s/ Dr. Yitzhak Peterburg
		
	Dr. Sol J. Barer	  	Dr. Yitzhak Peterburg
		
	Chairman of the Board of Directors	  	Interim President and Chief Executive Officer

 Private & Confidential 

Conditions for Special Award 
  

	 	•	 	The cash component is payable only if the employee is actively employed by the Company on the applicable vesting and payment date(s) set out in the Special Award letter. For the avoidance of doubt, notice period shall
not be deemed as active employment. 

  

	 	•	 	The vested portion of the cash component shall be payable on the next regular payroll date immediately following the applicable vesting date. 

 

	 	•	 	The equity award will be subject to the terms and conditions of Teva’s 2015 Long-Term Equity-Based Incentive Plan (including any applicable sub-plans and the terms of the
award agreement which may contain additional terms and conditions) (the “2015 Plan”). 

  

	 	•	 	Confidentiality is a condition to employee’s receipt of the Special Award to the maximum extent permitted by applicable law. Therefore, if employee discloses the details of the Special Award, the Company reserves
the right to withhold the payment, unless prohibited by applicable law. 

  

	 	•	 	Please note that this letter does not constitute a contract of employment and/or an offer to enter into a contract of employment for any specific period of time. 

 

	 	•	 	The Special Award is a one-time special award. Receipt of all or part of the Special Award shall not in any way give rise to a right to receive the same or similar awards and/or
payments in the future. 

  

	 	•	 	To the extent mandated by applicable law, the Special Award shall be subject to required withholdings and deductions. 

  

	 	•	 	The Special Award and any payment thereof shall not be taken into account for benefit contribution or severance calculation.EX-10.30

 Exhibit 10.30 
  

 
 Private & Confidential 

April 26, 2017 
 To: Michael McClellan 

Dear Michael, 
 Reference: Your Home Based
Long Term International Assignment 
 Congratulations on your assignment. Global Mobility is an important part of Teva’s growth,
globalization, and talent initiatives. We believe that international assignments help Teva achieve worldwide business targets while simultaneously developing employee’s capabilities and international business experience. We hope that you
will benefit both personally and professionally from your experience. This letter summarizes the general terms and conditions of your assignment with Teva. 

ASSIGNMENT SUMMARY 
  

			
	  

Home Country:
 Host Country:

Employer (Legal Entity):
  

Host Site Entity:
  

Annual Base Salary:
 Bonus
Guideline:
 Position Title:
  

Grade:
 Citizenship/Permanent Resident
Status:
 Manager While on Assignment:

Estimated Assignment Start Date*:

Scheduled Assignment End Date:

Assignment Policy:
 Home or Host based
Assignment:
  
 International Assignment Policy Date:

Family Size at Host (including Employee):
  
	 	  

The United States
 The Netherlands

Teva Pharmaceuticals USA Inc
  

Teva Pharmaceuticals Europe BV
  

405,000.00 USD
 50%

SVP Specialty Medicines Europe
  

20
 The United States

Rob Koremans
 June 1, 2017

May 31, 2020
 2015 Long Term
International Assignment
 Home Based
  

April 2015 
 2

 

  

	*	Your actual effective date of assignment will be determined following receipt of your authorization to work and reside in the Host country. 

This letter does not create a contract of employment, but simply seeks to confirm the conditions which pertain to your temporary international assignment.
Should the nature of your position change or if this assignment extends beyond its initial duration the terms may be subject to change at that time. Teva reserves the right to modify the global assignment policies and procedures at any time in whole
or in part, with or without notice. 

 COMPENSATION 

As a Home Based assignee, it is the intention of the Teva International Assignment policy to provide you with a compensation package derived from what you
would receive as an employee based in your home country. You will continue on the Annual Increment Policy of the home country based on your performance. It is Teva’s intention to pay your compensation via your Home Company’s payroll into
your home country bank account in the home country currency. When required per local host regulations however, you may be paid a portion or all of your compensation in the host country. When your assignment ends, all assignment benefits and
allowances will cease. During your assignment if applicable and according to your Home country manager’s sole discretion, your base salary will be reviewed and adjusted according to your home country policies. 

ANNUAL INCENTIVE COMPENSATION 
 Any incentive compensation
eligibility (e.g., cash bonus, stock option, restricted stock units, etc.) is in accordance with Teva’s incentive compensation plans and programs as they may be amended from time to time. Incentive compensation paid in the form of cash, if any,
will be paid from your home country payroll. 
 BONUS 

Over the current performance year respectively and thereafter you will have the opportunity to earn an on-target bonus
as stated above, payable in March/April of the following calendar year. Superior performance may be rewarded above that on-target level, subject to management discretion. Any bonus earned will be paid from
your home country payroll. 
 VISA/IMMIGRATION 
 It is
important that you have the required documentations to legally work and reside in the host country. Our professional immigration partner will be authorized to assist you. Relocation to your new host location must not take place until your work
authorization is received. The terms of this Letter of Assignment shall not come into, or remain in force, unless and until you are granted any necessary visas or work permits allowing you to live and work in the host. Necessary costs incurred to
obtain your authorization to work and your spouse’s authorization to reside in the host country will be managed by Teva’s global relocation provider. 

Teva supports only required documentation for the intended assignment duration and will not provide financial assistance towards the acquisition of permanent
resident status or documentation. 
 PRE-ASSIGNMENT TRIP 

If necessary, to help you become familiar with the assignment location, a house hunting trip of up to 5 days will be authorized for you and your spouse. During
this time, you will receive a per diem in accordance with the Teva Business Travel policy to cover reasonable costs of meals and incidentals. Ground transportation, lodging and air travel (booked at least 14 days in advance via the most direct
route) will be provided in accordance with The Teva Travel policy. Reimbursement must be claimed via your usual home country travel expense process. 

SHIPMENT OF HOUSEHOLD GOODS 
 Teva provides assistance
with the shipment of personal effects, as well as the cost of packing, loading, inland transportation, and customs or import duties up to established limits. 

For immediate needs, excess baggage is reimbursed. Household goods may be shipped via sea or overland container. 

Excess Baggage Limits 

Three (3) excess bags for each relocating family member. 

Surface Shipment Limits 

20 ft. (33 m3) shipping container 

  
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 Insurance 

Teva insures against damage to or losses from the goods shipment, exclusive of those items not approved for shipment up to limits established
by the shipping provider. 
 Storage (Unaccompanied and Accompanied) 

Teva provides temporary storage support in cases where your household goods shipment arrives in the receiving location before permanent housing
is available (e.g. during the temporary living period). Any other storage needs in your home country or in your host country is your responsibility. 

Pets 
 Teva does not cover
pet shipment costs. 
 All approved costs will be paid directly by Teva’s global relocation provider. 

TRAVEL TO THE HOST LOCATION 
 On your relocation trip to
your new Host Country, Teva will pay the cost of travel for you and your spouse including airfare, ground transportation, and in-transit living expenses. Travel class is based on Teva’s Business Travel
policy, booked at least 30 days in advance via the most direct route. This cost should be booked via Teva’s travel provider and expenses claimed via Teva’s dedicated relocation provider. 

DESTINATION SERVICES 
 A provider designated by Teva will
assist with house hunting and the coordination of a variety of settling-in services, e.g. local registrations, banking, and utility connections. 

TEMPORARY LIVING 
 You will be provided Temporary Living
for up to 30 days after vacating your residence in your Home Country and prior to establishing residence in your new Host Country. Your per diem whilst in temporary accommodation will be 33 USD net per person per day. The per diem will be paid to
you by Teva’s dedicated relocation provider. 
 RELOCATION ALLOWANCE 

To cover any individual costs not specifically covered in the assignment policy, you will receive a Miscellaneous Relocation allowance of 5000 USD. This
payment will be processed by the dedicated relocation provider in advance of your departure from the Home Country or upon arrival in the Host Country whichever you prefer. You will receive the full amount listed above and Teva is responsible for any
applicable taxes. 
 SPOUSAL ASSISTANCE ALLOWANCE 
 Teva
does not compensate for the loss of spousal/partner income as a result of the assignment, but rather recognizes that the financial impact exists. To ease the transition, Teva reimburses for job placement and related services if your spouse
accompanies you full time on assignment. The maximum reimbursement is equivalent to 2000 USD. Reimbursement must be claimed within 12 months of the effective date of your assignment and Teva is responsible for any applicable taxes. Reimbursement
will be processed by Teva’s dedicated relocation provider. 
 LIFESTYLE ALLOWANCE 

To recognize the fact that you and your spouse have different needs that may not be covered elsewhere in the policy, you will receive a one-time allowance, equivalent to 3000 USD net, payable upon your first anniversary of this assignment. This payment will be processed by Teva’s dedicated relocation provider. 

LANGUAGE LESSONS 
 Your ability to speak and understand
the host language will increase business effectiveness and expedite social integration in the host location. If needed, you and your spouse will each be provided up to 100 hours of language instruction. Teva’s dedicated relocation provider will
arrange language lessons on your behalf and all related costs will be covered by Teva through the relocation provider. 

  
 3 

 INTERCULTURAL ORIENTATION 

To help you acclimate to the host country’s culture and environment both from a business and a social perspective, Teva provides a one-day Intercultural Orientation for you and your spouse. All arrangements for this training will be coordinated by Teva’s dedicated Relocation Provider and Teva will pay all related expenses directly. 

Following your training and during your assignment, you will have the ability to utilize Teva’s internal Cross-Cultural training located on the
Teva’s intranet. You may access the site through this link:  

http://tevanet.teva.corp/global/EN/Campiagns/Pages/Introducing-GlobeSmart.aspx. 

HOUSING ALLOWANCE 
 Teva will pay your rental
accommodation up to a maximum rental budget of 3250 Euro per month net. You will be able to choose the type of accommodation that you would like to meet your personal lifestyle needs and you are responsible for paying any amount incurred in excess
of the established maximum. The rent will be paid directly to the landlord by Teva’s relocation services provider. If applicable, the real estate agent fees and deposit will be paid by Teva as well. At the end of the rental agreement, the full
deposit must be returned to Teva, regardless of whether the landlord has made any deductions. It is highly recommended that you insure your personal household items. The cost for Renter’s insurance is your responsibility. 

Please note that if you purchase your primary residence in the host country, your housing allowance will immediately cease. 

HOST AUTOMOBILE BENEFIT 
 Any entitlement is strictly
based on the host company car policy. All arrangements will be coordinated by your Host country HR representative. 
 HOME LEAVE BENEFIT 

You will be provided one home leave every 12 months on assignment between your home country and your host country for you and your spouse. Teva covers round
trip airfare, based on economy fare booked at least 30 days in advance and via the most direct route. Any ground transportation and/or lodging costs are your responsibility. You must use your vacation time for your home leave visits. To allow for
unmarried dependent children enrolled in university outside the host location to visit you in the host location, the Company reimburses one round trip, economy airfare per child per the full duration of the assignment. Travel must be booked at least
30 days in advance via the most direct route. 
 HEALTH INSURANCE 

Teva will pay for the mandatory Dutch health insurance for you and your spouse. Teva will also cover the US health insurance costs for your daughter who will
stay in the US for the time she is still in college. 
 HOURS OF WORK, HOLIDAY, & VACATION 

While on assignment you will follow the nationally recognized paid holiday schedule of the host location and your vacation benefit continues in accordance with
your home guidelines except where host country labor laws require otherwise. 
 EMERGENCY ASSISTANCE/EVACUATION 

In instances of political or civil emergency affecting an employee on an international assignment, it is the primary objective of Teva to ensure the safety and
welfare of the employee and accompanying dependents. Please notify your Host Country Human Resources department and Global Mobility of all actual or potentially serious emergencies so that appropriate steps may be taken. 

  
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 PENSION & SOCIAL SECURITY 

To the extent possible, you remain on the home country pension/retirement plan and contribution schedule and your home social security scheme through regular
payroll deductions. In cases where the home country pension/retirement plan cannot be maintained through the usual or voluntary contributions while on assignment, you may be able to participate in the host country scheme or Teva will arrange for you
to participate in an alternative scheme. In some host locations, contributions to social tax schemes are mandatory and when that is the case, Teva will meet any mandatory host country employer and employee contributions on your behalf. 

TAX POLICY 
 You will be under the Teva tax equalization
policy during your assignment. The intent of this policy is that your ultimate tax liability will be similar to that which you have paid in the Home Country on your regular compensation had you not received assignment-related compensation or special
tax considerations. Under this policy: 
  

	 	•	 	you will be responsible for a hypothetical tax liability on both income and social taxes, which will be calculated and deducted from each paycheck, 

 

	 	•	 	Teva will be responsible for an excess tax liability in the host country, and 

  

	 	•	 	it is your responsibility to pay income taxes in the home country (although covered by Teva) 

 The extent of
this tax coverage by Teva is limited to your Teva compensation including salary, bonus, benefits and earnings related to equity that is vested while you are on assignment, but does not include earnings that you receive outside of your employment
with Teva. The intent of the policy is that your ultimate tax liability will be similar to the amount you would have paid in the home country on your regular compensation had you not received assignment-related compensation or special tax
considerations. Each year, a final tax equalization calculation will be prepared to settle your assignment tax obligations. 
 TAX PREPARATION AND
SERVICES 
 It is a condition of employment that you comply with all personal tax responsibilities for each taxing authority in which a responsibility
exists. The responsibility includes the proper filing of all tax returns. You are also responsible for notifying Teva of the tax payments due. The Company has retained the services of a Tax Consultant to prepare your home country and host country
tax returns as required during the assignment period. Although you are fully responsible for the payment of all applicable income taxes and tax duties while on assignment, the Company will directly pay the consultant tax preparation and consulting
fees on your behalf. Contact information of the Tax Consultant will be provided to you prior to the commencement of your assignment so that you may discuss your particular tax preparation needs in detail. Tax preparation assistance is limited to
your filing and only extends to a spouse/partner when filing jointly. The Company will directly pay the consultant tax preparation and consulting fees on your behalf. Costs associated with personal financial planning will be your responsibility. The
company will also apply for the 30% tax ruling on your behalf (subject to approval by the Dutch tax authorities). 
 CHANGE IN TEVA’S INTERNATIONAL
ASSIGNMENT POLICY DURING ASSIGNMENT 
 This Letter of Assignment has been prepared by referencing Teva’s International Assignment Policy (the
policy). The policy does not form part of the Letter of Assignment and Teva reserves the right to vary the policy and associated benefits from time to time. You will be notified of any such variations or amendments to the policy and the impact on
your arrangements. Where the provisions of the policy differ from those in this Letter of Assignment, the terms set out in this letter shall prevail. 

EARLY TERMINATION OF INTERNATIONAL ASSIGNMENT 
 In the
event Teva, in its sole discretion, ends your international assignment before its scheduled end date, Teva will provide return trip airfare for you and your spouse back to the point of origin, and will ship household goods back to the point of
origin or to some other mutually agreed upon location. Unless otherwise agreed to by regional management and Human Resources, the return must be completed within 60 days after the effective date of the termination of the international assignment. By
failing to relocate within 60 days, you forfeit Teva’s offer to pay for repatriation transportation costs. 

  
 5 

 INVOLUNTARY TERMINATION OF EMPLOYMENT 

In the case of an involuntary termination of employment with Teva, Teva will provide return trip airfare for you and your spouse back to the point of origin,
and will ship household goods back to the point of origin or to some other mutually agreed upon location. Unless otherwise agreed to by regional management and Human Resources, the return must be completed within 60 days after the effective date of
the termination of employment. By failing to relocate within 60 days, you forfeit Teva’s offer to pay for repatriation transportation costs. 

VOLUNTARY TERMINATION OF EMPLOYMENT 
 Should you resign
from employment with Teva or should your Teva employment be terminated with cause during your assignment, Teva reserves the right to cease all assignment payments, including payment of relocation costs, from the date of resignation or the date of
misconduct, whichever is applicable. In a voluntary termination case, your payback agreement is enforced. 
 PAYBACK AGREEMENT 

As a condition of your assignment, should you voluntarily terminate your assignment within 12 months of your effective assignment date, you are required to
repay Teva a prorated sum towards relocation costs including: 
  

	 	•	 	Household goods shipment 

  

	 	•	 	Storage costs 

  

	 	•	 	Temporary lodging (excluding associated per diem) 

  

	 	•	 	Relocation allowance 

 REPATRIATION BENEFITS 

At the end of your assignment Teva provides: 
  

	 	•	 	Household goods move support with the same limitations as when you relocated to the Host Country 

  

	 	•	 	Flights back to the Home Country for you and your spouse 

  

	 	•	 	Max thirty days of temporary accommodation 

  

	 	•	 	Departure services: accommodation lease and utilities cancellation, visa cancellation, deregistration with local authorities, and the closing of bank account. 

LOCALIZATION 
 If at any time during or at the end of your
assignment, the Business decides that you are needed in the host country for an indefinite period of time, your assignment will not be extended. Instead, with your agreement, you will be localized in accordance with Teva global mobility policy in
force at the time of localization. This means that your employment with your Home country will end and you will become an employee of the Host country on Host country terms and your assignment related allowances will stop. As part of your
localization, Teva will work to transition you and your spouse to an immigration status that would allow you to remain in the Host country. 
 SEVERANCE

 If a suitable work position is not available upon the expiration of the assignment period or in case this assignment is terminated for reasons other
than termination with cause, you will be entitled to severance benefits according to the terms of the Home Company. 

  
 6 

 We are very happy to offer you this opportunity for a Long Term International Assignment and feel your skills and
accomplishments are an excellent match for the challenges ahead. 
 Best Regards, 
  

					
	 /s/ Rob Koremans
	 		  	 /s/ John Nason

	 President and CEO Global Specialty Medicines

Teva Pharmaceuticals Europe B.V.
	 		  	 Senior VP EU and Asia Operations
 Teva
Pharmaceuticals Europe B.V

 Please indicate your agreement by signing below and returning this letter. 

I have reviewed the terms and conditions of my assignment outlined above and by signing below, accept these conditions. 

 

					
	 /s/ Michael McClellan
	 		  	 May 9, 2017

	Michael McClellan	 		  	Date

  
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