Document:

EX-10.2

 Exhibit 10.2 

PERRIGO COMPANY 

NONQUALIFIED STOCK OPTION AGREEMENT 

(Under the Perrigo Company 2013 Long-Term Incentive Plan) 

TO: 
  

	RE:	Notice of Nonqualified Stock Option Award 

Dear                         
               : 
 This is to notify you that Perrigo Company (the
“Company”) has granted you a nonqualified stock option under the Perrigo Company 2013 Long-Term Incentive Plan (the “Plan”), effective as
of                     (the “Grant Date”). The terms and conditions of this incentive are set forth in the remainder of this agreement (the
“Agreement”). The capitalized terms that are not otherwise defined in this Agreement shall have the meanings ascribed to such terms under the Plan. 

SECTION 1 

Nonqualified Stock Option 

1.1 Grant of Option. As of the Grant Date, and subject to the terms and conditions of this Agreement and the Plan, the Company grants
you a nonqualified stock option (the “Option”) to purchase                     shares of the Company’s common stock, without par value
(“Common Stock”), at a per share price of $                     (the “Option Price”), which is equal to the Fair Market
Value of such Common Stock as of the Grant Date. 
 1.2 Timing and Duration of Exercise. 

(a) The Option shall vest and become fully exercisable, subject to the requirements of subsection (b) below, on the date of the first
Annual Meeting of Stockholders following the Grant Date (the “Vesting Date”), provided you have continuously provided services to the Company from the Grant Date until the Vesting Date. 

Notwithstanding the above vesting schedule, any portion of the Option that has not vested or been forfeited previously shall immediately vest
in full upon, and, subject to subsection (b) below, may be exercised in whole or in part at any time after, (1) the occurrence of a Change in Control (as defined in the Plan and as such definition may be amended hereafter) that occurs
while you are providing service to the Company, or (2) your death, Disability or Retirement. 
 (b) Except as provided below, the vested
Option must be exercised by you, if at all, while you are providing service to the Company or within three months following your Termination Date, but in no event after
                    (the “Expiration Date”). If your Termination Date occurs by reason of your Retirement, death or Disability, the Option
may thereafter be exercised by you, or in the event of your death, by your estate or your designated beneficiary, or in the event of your Disability, by you or your legal representative, at any time prior to the Expiration Date. If you die after
your Termination Date and during the period in which the Option is exercisable, the right to exercise the Option during such period will be governed by Plan Section 12(b)(4). 

 Any portion of the Option that is not vested pursuant to this Section 1.2 as of your
Termination Date will be forfeited immediately. If the Option is not exercised as to all of the vested shares covered by the Option within the applicable time period and in the manner provided herein, the Option will terminate and will not be
exercisable thereafter. In no event may the Option be exercised after the Expiration Date. 
 1.3 Method of Exercise. The vested
Option, or any part of it, shall be exercised by written notice directed to the President, Chief Financial Officer or Secretary of the Company at the Company’s principal office in Allegan, Michigan, or by using other notification permitted by
the Company. Such notice must satisfy the following requirements: 
 (a) The notice must state the Grant Date, the number of shares of Common
Stock subject to the Option, the number of shares of Common Stock with respect to which the Option is being exercised, the person in whose name the stock certificate or certificates for such shares of Common Stock is to be registered and the
person’s address and Social Security number (or if more than one person, the names, addresses and Social Security numbers of such persons). 

(b) The notice shall be accompanied by a check, bank draft, money order or other cash payment, or by delivery of a certificate or certificates,
properly endorsed, for shares of Common Stock that you have held for at least six months and that are equivalent in Fair Market Value on the date of exercise to the Option Price (or any combination of cash and shares), in full payment of the Option
Price for the number of shares specified in the notice. 
 (c) The notice must be signed by the person or persons entitled to exercise the
Option and, if the Option is being exercised by any person or persons other than you, be accompanied by proof, satisfactory to the Committee, of the right of such person or persons to exercise the Option. 

(d) The Company may implement procedures for the electronic exercise of this Option, in which case the vested portion of this Option shall be
exercisable in accordance with such procedures. 
 SECTION 2 

General Terms And Conditions 

2.1 Nontransferability. The Award under this Agreement shall not be transferable other than by will or by the laws of descent and
distribution. During your lifetime, the Option granted under this Agreement shall be exercisable only by you or by your guardian or legal representative in the event of your Disability. 

2.2 No Rights as a Stockholder. You shall not have any rights as a stockholder with respect to any shares of Common Stock subject to
this Agreement prior to the date of issuance to you of a certificate or certificates for such shares. 

 2.3 Cause Termination. If your Termination Date occurs for reasons of Cause, all of your
rights under this Agreement, whether or not vested, shall terminate immediately. 
 2.4 Awards Subject to Plan. The granting
of the Award under this Agreement is being made pursuant to the Plan and the Award shall be exercisable only in accordance with the applicable terms of the Plan. The Plan contains certain definitions, restrictions, limitations and other terms and
conditions all of which shall be applicable to this Agreement. ALL THE PROVISIONS OF THE PLAN ARE INCORPORATED HEREIN BY REFERENCE AND ARE MADE A PART OF THIS AGREEMENT IN THE SAME MANNER AS IF EACH AND EVERY SUCH PROVISION WERE FULLY WRITTEN
INTO THIS AGREEMENT. Should the Plan become void or unenforceable by operation of law or judicial decision, this Agreement shall have no force or effect. Nothing set forth in this Agreement is intended, nor shall any of its provisions be
construed, to limit or exclude any definition, restriction, limitation or other term or condition of the Plan as is relevant to this Agreement and as may be specifically applied to it by the Committee. In the event of a conflict in the provisions of
this Agreement and the Plan, as a rule of construction the terms of the Plan shall be deemed superior and apply. 
 2.5
Adjustments in Event of Change in Common Stock. In the event of a stock split, stock dividend, recapitalization, reclassification or combination of shares, merger, sale of assets or similar event, the number and kind of shares subject to the
Award under this Agreement, and the Option Price thereof, will be appropriately adjusted in an equitable manner to prevent dilution or enlargement of the rights granted to or available for you. 

2.6 Withholding. This Award is subject to the withholding of all applicable taxes. The Company may withhold, or permit you to remit to
the Company, any Federal, state or local taxes applicable to the grant, vesting or other event giving rise to tax liability with respect to this Award. If you have not remitted the full amount of applicable withholding taxes to the Company by the
date the Company is required to pay such withholding to the appropriate taxing authority (or such earlier date that the Company may specify to assist it in timely meeting its withholding obligations), the Company shall have the unilateral right to
withhold Common Stock relating to this Award in the amount it determines is sufficient to satisfy the minimum tax withholding required by law. State taxes will be withheld at the appropriate rate set by the state in which you are employed or were
last employed by the Company. You may elect to surrender previously acquired Common Stock or to have the Company withhold Common Stock relating to this award in an amount sufficient to satisfy all or a portion of the minimum tax withholding required
by law. 
 2.7 Compliance with Applicable Law. Notwithstanding any other provision of this Agreement, the Company shall have no
obligation to issue any shares of Common Stock under this Agreement if such issuance would violate any applicable law or any applicable regulation or requirement of any securities exchange or similar entity. 

2.8 Data Privacy. By entering into this Agreement and accepting this Award, you (a) explicitly and unambiguously consent to the
collection, use and transfer, in electronic or other form, of any of your personal data that is necessary to facilitate the implementation, administration and management of the Award and the Plan, (b) understand that the Company

 
may, for the purpose of implementing, administering and managing the Plan, hold certain personal information about you, including, but not limited to, your name, home address and telephone
number, date of birth, social insurance number or other identification number, salary, nationality, job title, and details of all awards or entitlements to shares of Common Stock granted to you under the Plan or otherwise (“Data”),
(c) understand that Data may be transferred to any third parties assisting in the implementation, administration and management of the Plan, including any broker with whom the shares issued upon vesting or exercise of the Award may be
deposited, and that these recipients may be located in your country or elsewhere, and that the recipient’s country may have different data privacy laws and protections than your country; (d) waive any data privacy rights you may have with
respect to the data; and (e) authorize the Company, its subsidiaries and its agents, to store and transmit such information in electronic form. 

2.9 Successors and Assigns. This Agreement shall be binding upon any or all successors and assigns of the Company. 

2.10 Applicable Law. This Agreement shall be governed by and construed and enforced in accordance with the internal laws of the State
of Michigan without regard to principals of conflict of laws. Any proceeding related to or arising out of this Agreement shall be commenced, prosecuted or continued in the Circuit Court in Kent County, Michigan located in Grand Rapids, Michigan or
in the United States District Court for the Western District of Michigan, and in any appellate court thereof. 
 **** 

We look forward to your continuing contribution to the growth of the Company. Please acknowledge your receipt of the Plan and this Award on
the enclosed copy of this Agreement, and return it to us. 
  

							
		 		 		 	Very truly yours,
	______________	 		 		 	  

	Date	 		 		 	Joseph C. Papa
		 		 		 	President & Chief Executive Officer

 ACKNOWLEDGMENT OF RECEIPT 

I acknowledge receipt of the Perrigo Company 2013 Long-Term Incentive Plan (the “Plan”). I further acknowledge receipt of this
Agreement and agree to be bound by the terms and conditions expressed herein and in the Plan. I further agree that all decisions and determinations of the Committee shall be final and binding. 

 

			
	Date:                     	 	  

 PERRIGO COMPANY 

RESTRICTED SHARE AWARD AGREEMENT 

(Under the Perrigo Company 2013 Long-Term Incentive Plan) 

TO: 
  

	RE:	Notice of Restricted Share Award 

Dear                         
               : 
 This is to notify you that Perrigo Company (the
“Company”) has granted you an Award under the Perrigo Company 2013 Long-Term Incentive Plan (the “Plan”), effective as
of                     (the “Grant Date”). This Award consists of shares of service-based restricted stock. The terms and conditions of
this incentive are set forth in the remainder of this agreement (the “Agreement”). The capitalized terms that are not otherwise defined in this Agreement shall have the meanings ascribed to such terms under the Plan. 

SECTION 1 

Restricted Shares – Service-Based Vesting 

1.1 Grant of Restricted Shares. As of the Grant Date, and subject to the terms and conditions of this Agreement and the Plan, the
Company grants you                 shares of Common Stock (“Restricted Shares”). 

1.2 Vesting. Except as provided in Section 1.3, the Restricted Shares awarded hereunder shall vest on the date of the first Annual
Meeting of Stockholders following the Grant Date (the “Restricted Shares Vesting Date”) provided you have continuously provided services to the Company from the Grant Date until the Restricted Shares Vesting Date. 

Except as provided in Section 1.3, if your Termination Date occurs prior to the Restricted Shares Vesting Date, the Restricted Shares
awarded under this Agreement shall be permanently forfeited on your Termination Date. The “Restricted Period” with respect to a Restricted Share awarded under this Agreement is the period beginning on the Grant Date and ending on the
Restricted Shares Vesting Date (or, if earlier, the date the Restricted Shares vest under Section 1.3). 
 1.3 Special Vesting
Rules. Notwithstanding Section 1.2 above: 
 (a) If your Termination Date occurs by reason of death, Disability or Retirement, with
the Company’s consent, any Restricted Shares awarded under this Agreement that have not vested prior to such Termination Date shall become fully vested. 

(b) In the event of a Change in Control (as defined in the Plan and as such definition may be amended hereafter) while you are providing
services to the Company, all Restricted Shares that have not vested or been forfeited prior to the date of such Change in Control shall become fully vested on such date. 

 1.4 Terms and Conditions of Restricted Shares. The Restricted Shares granted under this
Agreement shall be subject to the following additional terms and conditions: 
 (a) Except as may otherwise be specifically permitted under
the Plan, Restricted Shares may not be sold, assigned, pledged or otherwise encumbered prior to the end of the Restricted Period. 
 (b)
Except as otherwise provided in this Agreement, you shall have all of the rights of a stockholder, including, but not limited to, the right to vote such shares and the right to receive dividends paid on such shares. 

(c) The stock certificate(s) representing the Restricted Shares shall be issued or held in book entry form. If a stock certificate is issued,
it shall be delivered to the Secretary of the Company or such other custodian as may be designated by the Company, to be held until the end of the Restricted Period or until the Restricted Shares are forfeited. Any certificates representing
Restricted Shares granted pursuant to this Agreement shall bear a legend in substantially the form set forth below: 
 “The
transferability of this certificate and the shares of stock represented hereby are subject to the terms and conditions (including forfeiture) contained in the Perrigo Company 2013 Long-Term Incentive Plan and an agreement entered into between the
registered owner and Perrigo Company. A copy of such plan and agreement is on file in the office of the Secretary of Perrigo Company, 515 Eastern, Allegan, Michigan 49010.” 

As soon as practicable after the Restricted Period ends with respect to Restricted Shares that have not been forfeited, the Company shall transfer share
certificates to you, free of all restrictions; provided, however, the Company may withhold unrestricted shares otherwise transferable to you to the extent necessary to satisfy withholding taxes due by reason of the vesting of the Restricted Shares,
in accordance with Section 2.5. 
 SECTION 2 

General Terms And Conditions 

2.1 Nontransferability. The Award under this Agreement shall not be transferable other than by will or by the laws of descent and
distribution. 
 2.2 Cause Termination. If your Termination Date occurs for reasons of Cause, all of your rights under this
Agreement, whether or not vested, shall terminate immediately. 
 2.3 Awards Subject to Plan. The granting of the Award under this
Agreement is being made pursuant to the Plan and the Award shall be payable only in accordance with the applicable terms of the Plan. The Plan contains certain definitions, restrictions, limitations and other terms and conditions all of which shall
be applicable to this Agreement. ALL THE PROVISIONS OF THE PLAN ARE INCORPORATED HEREIN BY REFERENCE AND ARE MADE A PART OF THIS AGREEMENT IN THE SAME MANNER AS IF EACH 

 
AND EVERY SUCH PROVISION WERE FULLY WRITTEN INTO THIS AGREEMENT. Should the Plan become void or unenforceable by operation of law or judicial decision, this Agreement shall have no force
or effect. Nothing set forth in this Agreement is intended, nor shall any of its provisions be construed, to limit or exclude any definition, restriction, limitation or other term or condition of the Plan as is relevant to this Agreement and as may
be specifically applied to it by the Committee. In the event of a conflict in the provisions of this Agreement and the Plan, as a rule of construction the terms of the Plan shall be deemed superior and apply. 

2.4 Adjustments in Event of Change in Common Stock. In the event of a stock split, stock dividend, recapitalization, reclassification
or combination of shares, merger, sale of assets or similar event, the number and kind of shares subject to the Award under this Agreement will be appropriately adjusted in an equitable manner to prevent dilution or enlargement of the rights granted
to or available for you. 
 2.5 Withholding. This Award is subject to the withholding of all applicable taxes. The Company may
withhold, or permit you to remit to the Company, any Federal, state or local taxes applicable to the grant, vesting or other event giving rise to tax liability with respect to this Award. If you have not remitted the full amount of applicable
withholding taxes to the Company by the date the Company is required to pay such withholding to the appropriate taxing authority (or such earlier date that the Company may specify to assist it in timely meeting its withholding obligations), the
Company shall have the unilateral right to withhold Common Stock relating to this Award in the amount it determines is sufficient to satisfy the minimum tax withholding required by law. State taxes will be withheld at the appropriate rate set by the
state in which you are employed or were last employed by the Company. You may elect to surrender previously acquired Common Stock or to have the Company withhold Common Stock relating to this award in an amount sufficient to satisfy all or a portion
of the minimum tax withholding required by law. 
 2.6 Compliance with Applicable Law. Notwithstanding any other provision of this
Agreement, the Company shall have no obligation to issue any shares of Common Stock under this Agreement if such issuance would violate any applicable law or any applicable regulation or requirement of any securities exchange or similar entity. 

2.7 Data Privacy. By entering into this Agreement and accepting this Award, you (a) explicitly and unambiguously consent to the
collection, use and transfer, in electronic or other form, of any of your personal data that is necessary to facilitate the implementation, administration and management of the Award and the Plan, (b) understand that the Company may, for the
purpose of implementing, administering and managing the Plan, hold certain personal information about you, including, but not limited to, your name, home address and telephone number, date of birth, social insurance number or other identification
number, salary, nationality, job title, and details of all awards or entitlements to shares of Common Stock granted to you under the Plan or otherwise (“Data”), (c) understand that Data may be transferred to any third parties
assisting in the implementation, administration and management of the Plan, including any broker with whom the shares issued upon vesting or exercise of the Award may be deposited, and that these recipients may be located in your country or
elsewhere, and that the recipient’s country may have different data privacy laws and protections than your country; (d) waive any data privacy rights you may have with respect to the data; and (e) authorize the Company, its
subsidiaries and its agents, to store and transmit such information in electronic form. 

 2.8 Successors and Assigns. This Agreement shall be binding upon any or all successors and
assigns of the Company. 
 2.9 Applicable Law. This Agreement shall be governed by and construed and enforced in accordance with the
internal laws of the State of Michigan without regard to principals of conflict of laws. Any proceeding related to or arising out of this Agreement shall be commenced, prosecuted or continued in the Circuit Court in Kent County, Michigan located in
Grand Rapids, Michigan or in the United States District Court for the Western District of Michigan, and in any appellate court thereof. 

**** 
 We look forward to your
continuing contribution to the growth of the Company. Please acknowledge your receipt of the Plan and this Award on the enclosed copy of this Agreement, and return it to us. 
  

							
		 		 		 	Very truly yours,
				
	_____________	 		 		 	  

	Date	 		 		 	Joseph C. Papa
		 		 		 	President & Chief Executive Officer

 ACKNOWLEDGMENT OF RECEIPT 

I acknowledge receipt of the Perrigo Company 2013 Long-Term Incentive Plan (the “Plan”). I further acknowledge receipt of this
Agreement and agree to be bound by the terms and conditions expressed herein and in the Plan. I further agree that all decisions and determinations of the Committee shall be final and binding. 

 

			
	Date:                     	 	  

 PERRIGO COMPANY 

NONQUALIFIED STOCK OPTION AWARD AGREEMENT 

FOR APPROVED SECTION 102 AWARDS 

(Under the Perrigo Company 2013 Long-Term Incentive Plan) 
  

	TO:	«First_Name_» «Last_Name_» 

  

	RE:	Notice of Nonqualified Stock Option 

 This is to notify you that Perrigo Company (the
“Company”) has granted you an Award under the Perrigo Company 2013 Long-Term Incentive Plan (the “Plan”) and the Section 102 Program established under Section 5 of the Plan, effective as of
                    (the “Grant Date”). This Award consists of a nonqualified stock option. The terms and conditions of this
incentive are set forth in the remainder of this agreement (the “Agreement”). The capitalized terms that are not otherwise defined in this Agreement shall have the meanings ascribed to such terms under the Plan and/or
Section 102 Program. 
 SECTION 1 

Nonqualified Stock Option 

1.1 Grant of Option. As of the Grant Date, and subject to the terms and conditions of this Agreement, the Plan, and the
Section 102 Program and its related trust (as described in Section 2 of the Agreement), the Company grants you a nonqualified stock option (the “Option”) to purchase «Stock_Options» shares of the Company’s
common stock, without par value (“Common Stock”), at a per-share price of $xx.xx (the “Option Price”), which is equal to the Fair Market Value of such Common Stock as of the Grant Date. 

1.2 Timing and Duration of Exercise. 

(a) The Option shall vest with respect to one-third of the Shares awarded in Section 1.1 on each of the first, second and third
anniversaries of the Grant Date (each a “Vesting Date”), with the vesting of any fractional shares frontloaded to the first such Vesting Date. Subject to the requirements of subsection (b) below, vested Shares may be exercised
after the applicable Vesting Date. Notwithstanding the foregoing, any portion of the Option that has not vested or been forfeited previously shall immediately vest in full upon, and, subject to subsection (b) below, may be exercised in whole or
in part after, (1) the occurrence of a Change in Control (as defined in the Plan and as such definition may be amended hereafter) that occurs while you are employed by or otherwise providing service to the Company or one of its subsidiaries, or
(2) your death, Disability, or Retirement. 
 (b) Except as provided below, the Option to purchase vested shares must be exercised by
you, if at all, while you are providing service to the Company or one of its subsidiaries or within three months following your Termination Date, but in no event after
                    (the “Expiration Date”). If your Termination Date occurs by reason of your Retirement, death 

Israel LTI 

 or Disability, the Option may thereafter be exercised by you, or in the event of your death, by your estate or
your designated beneficiary, or in the event of your Disability, by you or your legal representative, at any time prior to the Expiration Date. If you die after your Termination Date and during the period in which the Option is exercisable, the
right to exercise the Option during such period will be governed by Plan Section 12(d)(4). If your Termination Date occurs because of an Involuntary Termination for Economic Reasons as determined by the Chief Executive Officer (or the Committee
in the case of an Employee subject to Section 16 of the Exchange Act), the terms of Plan Section 12(b)(2) shall apply. 
 Any portion of the
Option that is not vested pursuant to this Section 1.2 as of your employment Termination Date will be forfeited immediately. If the Option is not exercised as to all of the vested shares covered by the Option within the applicable time period
and in the manner provided herein, the Option will terminate and will not be exercisable thereafter. In no event may an Option be exercised after the Expiration Date. 

1.3 Method of Exercise. The Option, or any part of it, shall be exercised by written notice directed to the President, Chief Financial
Officer or Secretary of the Company at the Company’s principal office in Allegan, Michigan, or by using some other notification permitted by the Company. Such notice must satisfy the following requirements and when applicable, in accordance
with the requirements of Section 102: 
 (a) The notice must state the Grant Date, the number of shares of Common Stock subject to the
Option, the number of shares of Common Stock with respect to which Option is being exercised, the person in whose name the stock certificate or certificates for such shares of Common Stock is to be registered and the person’s address and tax
identification number (or if more than one person, the names, addresses and tax identification numbers of such persons). 
 (b) The notice
shall be accompanied by check, bank draft, money order or other cash payment, or by delivery of a certificate or certificates, properly endorsed, for shares of Common Stock that you have held for at least six months and that are equivalent in Fair
Market Value on the date of exercise to the Option Price (or any combination of cash and shares), in full payment of the Option Price for the number of shares specified in the notice. 

(c) The notice must be signed by the person or persons entitled to exercise the Option and, if the Option is being exercised by any person or
persons other than you, be accompanied by proof, satisfactory to the Committee, of the right of such person or persons to exercise the Option. 

(d) The Company may implement procedures for the electronic exercise of this Option, in which case the vested portion of this Option shall be
exercisable in accordance with such procedures. 
 The exercise may be with respect to any one or more shares of Common Stock covered by the Option (to the
extent vested), reserving the remainder for a subsequent timely exercise. The Company shall make prompt delivery of such shares; provided that if any law or regulation requires the Company to take any action with respect to such shares before the
issuance thereof, 

  
 Page 2 

 
then the date of delivery of such shares shall be extended for the period necessary to take such action; and provided further that the Company shall have no obligation to deliver any such
certificate unless and until appropriate provision has been made for any withholding taxes in respect of such exercise. 
 At the time or times you wish to
exercise the Option in whole or part, please refer to the above provisions dealing with the methods and formality of exercise of the Option and execute the proper Notice of Exercise of Stock Option and Record of Stock Transfer. 

SECTION 2 

Section 102 Plan and Trust 

The Company has established a Plan and Trust (the “Section 102 Program”) that is intended to provide the Employee with the
ability to obtain certain tax treatment under Section 102 of the Israeli Tax Ordinance (New Version), 1961 as amended from time to time and the rules and regulation promulgated thereunder (“Section 102”) with respect to the
Option awarded under this Agreement. The Option is intended to qualify as an Approved 102 Award designated as a Capital Gain Award within the meaning of the Section 102 Program. The following additional rules shall apply to the Option:

 (a) The shares underlying the Option grant have been deposited in a Trust. Tamir Fishman 2004 Ltd., or its duly appointed successor, shall
be the Trustee of the Trust. All fees and commissions relating to the sale, transfer or release of shares from the Trust shall be paid by the Employee. 

(b) To obtain Section 102 tax treatment, the Employee shall not sell or release from the Trust any shares subject to the Option until the
lapse of the minimum required holding period under Section 102 (“Holding Period”). If any such sale or release occurs during the Holding Period, the sanctions under Section 102 and under any rules or regulation or orders
or procedures promulgated thereunder shall apply to and shall be borne by such Employee. 
 (c) Prior to any distribution or release of
shares from the Trust, the Employee shall be required to remit to the Trustee funds sufficient to cover applicable withholding taxes, plus any commissions and fees relating to the sale or release of shares. Alternatively, the Employee may request
that the Trustee sell sufficient shares to cover applicable withholding taxes, plus any commissions and fees relating to the sale or release. The Employee may request that shares in excess of any shares sold to cover withholding taxes, fees and
commissions be transferred to the Employee, or the Employee may advise the Trustee to sell such shares and transfer the net proceeds to the Employee. 

(d) The Employee may exercise any vested portion of the Option prior to the end of the Holding Period, provided, however, if such exercise
causes any shares to be distributed or released from the Trust the sanctions under Section 102 shall apply and shall be borne by the Employee, as described in this Section. 

  
 Page 3 

 (e) By execution of this Agreement, the Employee hereby acknowledges that the Employee is
familiar with the provisions of Section 102 and the regulations and rules promulgated thereunder, including without limitation the type of Approved 102 Awards granted to the Employee and the tax implications applicable to such awards. The
Employee accepts the provisions of the Trust agreement signed between the Company and Trustee, and agrees to be bound by its terms. 

SECTION 3 
 General
Terms and Conditions 
 3.1 Nontransferability. Awards under this Agreement shall not be transferable other than by will or
by the laws of descent and distribution. During your lifetime, the Option granted under this Agreement shall be exercisable only by you or by your guardian or legal representative in the event of your disability. 

As long as the Option and/or shares issued upon the exercise of the Option are held by the Trustee, all of your rights over the Options and/or shares are
personal, can not be transferred, assigned, pledged, mortgaged, or given as collateral and no right with respect to them maybe given to any third party whatsoever, other than by will or laws of descent and distribution. 

3.2 No Rights as a Stockholder. You shall not have any rights as a stockholder with respect to any shares of Common Stock subject to
the Option prior to the date of issuance to you of a certificate or certificates for such shares, subject to the provisions of Section 102 and the rules and regulations promulgated thereunder. 

3.3 Cause Termination. If your Termination Date occurs for reasons of Cause, all of your rights under this Agreement, whether or not
vested, shall terminate immediately. 
 3.4 Awards Subject to Plan. The granting of the Award under this Agreement is being made
pursuant to the Plan including the Section 102 Program and the Award shall be exercisable only in accordance with the applicable terms of the Plan. The Plan contains certain definitions, restrictions, limitations and other terms and conditions
all of which shall be applicable to this Agreement. ALL THE PROVISIONS OF THE PLAN ARE INCORPORATED HEREIN BY REFERENCE AND ARE MADE A PART OF THIS AGREEMENT IN THE SAME MANNER AS IF EACH AND EVERY SUCH PROVISION WERE FULLY WRITTEN INTO THIS
AGREEMENT. Should the Plan become void or unenforceable by operation of law or judicial decision, this Agreement shall have no force or effect. Nothing set forth in this Agreement is intended, nor shall any of its provisions be construed, to
limit or exclude any definition, restriction, limitation or other term or condition of the Plan as is relevant to this Agreement and as may be specifically applied to it by the Committee. In the event of a conflict in the provisions of this
Agreement and the Plan, as a rule of construction the terms of the Plan shall be deemed superior and apply. 

  
 Page 4 

 3.5 Adjustments in Event of Change in Common Stock. In the event of a stock split, stock
dividend, recapitalization, reclassification or combination of shares, merger, sale of assets or similar event, the number and kind of shares subject to Award under this Agreement will be appropriately adjusted in an equitable manner to prevent
dilution or enlargement of the rights granted to or available for you. 
 3.6 Withholding. Any tax consequences arising from the
grant of this Award or from any other event or act of the Company, and/or its Affiliates (as defined under the Section 102 Program), and/or the Trustee or the Employee hereunder shall be borne solely by the Employee. The Company and/or its
Affiliates, and/or the Trustee shall withhold taxes according to the requirements under the applicable laws, rules and regulations including withholding taxes at source. If the employee has not remitted the full amount of applicable withholding
taxes to the Company by the date the Company is required to pay such withholding to the appropriate taxing authority (or such earlier date that the Company may specify to assist it in timely meeting its withholding obligations), the Company shall
have the unilateral right to withhold Common Stock relating to this Award in the amount it determines is sufficient to satisfy the minimum tax withholding required by law. Furthermore, the Employee hereby agrees to indemnify the
Company and/or its Affiliates and/or the Trustee and hold them harmless against and from any and all liability for any such tax or interest or penalty thereon, including without limitation, liabilities relating to the necessity to withhold, or to
have withheld, any such tax from any payment made to the Employee. The Employee will not be entitled to receive from the Company and/or the Trustee any shares of Common Stock hereunder prior to the full payment of the Employee’s tax liabilities
relating to this Award. For the avoidance of doubt, neither the Company nor the Trustee will be required to release any share certificate to the Employee until all payments required to be made by the Employee have been fully satisfied. 

3.7 Compliance with Applicable Law. Notwithstanding any other provision of this Agreement, the Company shall have no obligation to
issue any shares of Common Stock under this Agreement if such issuance would violate any applicable law or any applicable regulation or requirement of any securities exchange or similar entity. 

3.8 Data Privacy. By entering into this Agreement and accepting this Award, you (a) explicitly and unambiguously consent to the
collection, use and transfer, in electronic or other form, of any of your personal data that is necessary to facilitate the implementation, administration and management of the Award and the Plan, (b) understand that the Company may, for the
purpose of implementing, administering and managing the Plan, hold certain personal information about you, including, but not limited to, your name, home address and telephone number, date of birth, social insurance number or other identification
number, salary, nationality, job title, and details of all awards or entitlements to shares granted to you under the Plan or otherwise (“Data”), (c) understand that Data may be transferred to any third parties assisting in the
implementation, administration and management of the Plan, including any broker with whom the Shares issued upon vesting or exercise of the Award may be deposited, and that these recipients may be located in your country or elsewhere, and that the
recipient’s country may have different data privacy laws and protections than your country, (d) waive any data privacy rights you may have with respect to the data, and (e) authorize the Company, its subsidiaries and its agents, to
store and transmit such information in electronic form. 

  
 Page 5 

 3.9 Successors and Assigns. This Agreement shall be binding upon any or all successors and
assigns of the Company. 
 3.10 Applicable Law. This Agreement shall be governed by and construed and enforced in accordance with the
internal laws of the State of Michigan without regard to principals of conflict of laws. Any proceeding related to or arising out of this Agreement shall be commenced, prosecuted or continued in the Circuit Court in Kent County, Michigan located in
Grand Rapids, Michigan or in the United Stated District Court for the Western District of Michigan, and in any appellate court thereof. 

3.11 Repayment of Option Gain/Forfeiture of Options. If the Company, as a result of misconduct, is required to prepare an accounting
restatement due to material noncompliance with any financial reporting requirement under the securities laws, then (a) if your equity compensation is subject to automatic forfeiture due to such misconduct and restatement under Section 304
of the Sarbanes-Oxley Act of 2002, or (b) the Committee determines you either knowingly engaged in or failed to prevent the misconduct, or your actions or inactions with respect to the misconduct and restatement constituted gross negligence,
you shall (i) be required to reimburse the Company for any gain associated with any Option exercised during the twelve month period following the first public issuance or filing with the SEC (whichever first occurred) of the financial document
embodying such financial reporting requirement, and (ii) any outstanding Options shall be immediately forfeited. 
 **** 

We look forward to your continuing contribution to the growth of the Company. Please acknowledge your receipt of the Plan and this Award. 

 

			
	Date	 	Very truly yours,
		
		 	Judy L. Brown
		 	Executive Vice President & Chief Financial Officer

  
 Page 6 

 ACKNOWLEDGMENT OF RECEIPT 

I acknowledge receipt of the Perrigo Company 2013 Long-Term Incentive Plan (the “Plan”). I further acknowledge receipt of this
Agreement and agree to the terms and conditions expressed herein and in the Plan. 
  

			
	Date:                     	  	  

		  	«First_Name_» «Last_Name_»

  
 Page 7 

 PERRIGO COMPANY 

RESTRICTED STOCK UNIT AWARD AGREEMENT 

(PERFORMANCE BASED) 
 FOR
APPROVED SECTION 102 AWARDS 
 (Under the Perrigo Company 2013 Long-Term Incentive Plan) 

TO:             «First_Name_» «Last_Name_» 

 

	RE:	Notice of Restricted Stock Unit Award (Performance-Based) 

 This is to notify you that
Perrigo Company (the “Company”) has granted you an Award under the Perrigo Company 2013 Long-Term Incentive Plan (the “Plan”) and the Section 102 Program established under Section 5 of the Plan, effective
as of             (the “Grant Date”). This Award consists of performance-based restricted stock units. The terms and conditions of this incentive are set forth in the
remainder of this agreement (the “Agreement”). The capitalized terms that are not otherwise defined in this Agreement shall have the meanings ascribed to such terms under the Plan and/or Section 102 Program. 

SECTION 1 

Restricted Stock Units – Performance-Based Vesting 

1.1 Grant. As of the Grant Date, the Company grants to the Employee «Performance_Based_Restricted_Stock» restricted stock
units (“Performance Restricted Stock Units” or “PRSUs”), subject to the terms and conditions set forth in this Agreement. The number of Performance Restricted Stock Units awarded in this Section 1.1 is referred
to as the “Target Award.” The Target Award may be increased or decreased depending on the level of attainment of Performance Goals for designated Performance Measures as described in Section 1.2. Each Performance Restricted
Stock Unit shall entitle you to one share of Common Stock on the PRSU Vesting Date set forth in Section 1.2, provided the applicable Performance Goals for each Performance Measure are satisfied. 

1.2 Vesting. The number of Performance Restricted Stock Units awarded in Section 1.1 vesting, if any, shall be determined as of
the PRSU Vesting Date. That number will be determined based on the average level of attainment of annual Performance Measure(s) for each fiscal year in the Performance Period, in accordance with the schedule determined by the Committee at the time
the Performance Measures and applicable Performance Goals are established by the Committee. 
 The Committee shall establish annually one or
more Performance Measures and the Performance Goals with respect to each Performance Measure that must be attained for Threshold, Target and Maximum performance for a fiscal year. The Performance Measure and Performance Goals will be for each fiscal
year will be provided to you. 

  
 Page 1 of 8 

 Following the end of each fiscal year in the Performance Period, the Committee will determine the
percentage of Target Award PRSUs that would be payable for such fiscal year, based on the attainment of the Performance Goals for each Performance Measure(s) established by the Committee for that fiscal year. The percentage of the Target Award that
would be payable under the schedule shall be adjusted, pro rata, to reflect attained performance between Threshold and Target, and Target and Maximum. 

At the end of the Performance Period, the percentage payout for each fiscal year in the Performance Period will be averaged to determine the
actual percentage of Target Award PRSUs that will vest and be payable on the PRSU Vesting Date. In no event will the calculation of a positive payout percentage for any fiscal year be construed to guarantee that any PRSUs will vest on the PRSU
Vesting Date. Payout percentages for the individual fiscal years are determined solely for purposes of determining the average annual payout percentage for the three-year Performance Period. 

Except as provided in Section 1.4, the PRSUs will be permanently forfeited if your Termination Date occurs prior to the PRSU Vesting
Date. If the average annual performance payout for the Performance Period is less than the Threshold performance level established by the Committee, all PRSUs that have not previously been forfeited shall be forfeited as of the PRSU Vesting Date. If
the average annual performance payout for the Performance Period exceeds the Maximum performance level established by the Committee, in no event will the number of PRSUs vesting exceed 200% of the Target Award. 

1.3 Definitions. The following terms shall have the following meanings under this Section 1. 

(a) “Performance Goal” means the level of performance that must be attained with respect to a Performance Measure for a fiscal
year for Minimum, Target and Maximum payout. 
 (b) “Performance Measure” for any fiscal year means one or more financial
measures as determined by the Committee. The Committee shall provide how the Performance Measure will be adjusted, if at all, as a result of extraordinary events or circumstances, as determined by the Committee, or to exclude the effects of
extraordinary, unusual, or non-recurring items; changes in applicable laws, regulations, or accounting principles; currency fluctuations; discontinued operations; non-cash items, such as amortization, depreciation, or reserves; asset impairment; or
any recapitalization, restructuring, reorganization, merger, acquisition, divestiture, consolidation, spin-off, split-up, combination, liquidation, dissolution, sale of assets, or other similar corporation transaction. 

(c) “Performance Period” means a period of three consecutive fiscal years of the Company, beginning with the first day of the
fiscal year of the Company in which the Grant Date occurs and ending on the last day of the third fiscal year in the 3-year period. 
 (d)
“PRSU Vesting Date” means the last day of the Performance Period. 
 1.4 Special Vesting Rules. Notwithstanding
Section 1.2 above, in the event of a Change in Control (as defined in the Plan and as such definition may be amended hereafter) while you are employed by or otherwise providing service to the Company, all of the Performance Restricted Stock
Units awarded under Section 1.1 that have not previously been 

  
 Page 2 of 8 

 
forfeited shall become fully vested as if Target performance had been obtained for the Performance Period effective as of the date of any such event. If the Employee’s Termination Date
occurs because of death, Disability, or Retirement, the Performance Restricted Stock Units shall vest or be forfeited as of the PRSU Vesting Date set forth in Section 3.2, based on the attainment of the Performance Goals. If the Employee’s
Termination Date occurs because of Involuntary Termination for Economic Reasons, the Company’s Chief Executive Officer (or the Committee, if the Employee is subject to Section 16 of the Exchange Act), in his or her sole and absolute
discretion, may permit all or part of the Performance Restricted Stock Units awarded hereunder to remain outstanding and vest or be forfeited as of the date set forth in Section 1.2, depending on the attainment of Performance Goals. To the
extent that the Chief Executive Office (or Committee, if applicable) does not exercise discretionary authority to allow Performance Restricted Stock Units to remain outstanding on the date of the Employee’s Involuntary Termination for Economic
Reasons, such Restricted Stock Units shall be permanently forfeited. 
 1.5 Settlement of Performance Restricted Stock Units. As soon
as practicable following the date of the Committee’s first regularly scheduled meeting following the last day of the Performance Period at which the Committee certifies the average payout for each of the three years in the Performance Period,
the Company shall transfer to the Employee one share of Common Stock for each Performance Restricted Stock Unit, if any, that becomes vested pursuant to Section 1.2 or 1.4 of this Agreement (the date of any such transfer shall be the
“settlement date” for purposes of this Agreement); provided, however, the Company may settle Restricted Stock Units in cash, based on the fair market value of the shares on the settlement date, to the extent necessary to satisfy any tax
withholding pursuant to Section 3.6. No fractional shares shall be transferred. Any fractional share shall be rounded to the nearest whole share. The income attributable to the vesting of PRSUs and the amount of any required tax withholding
will be determined based on the value of the shares on the settlement date. Performance Restricted Stock Units awarded under Section 1 are not eligible for dividend equivalents. 

1.6 Application of Section 102 Program. The Company, in its discretion and after consultation with its tax advisors, may provide
that the Performance Restricted Stock Units awarded under this Agreement shall be subject to the provisions of the Section 102 Program, in which case the provisions of Section 2 of this Agreement shall also apply to the Performance
Restricted Stock Units awarded under Section 1.1. 
 SECTION 2 

Section 102 Plan and Trust 

The Company has established a Plan and Trust (the “Section 102 Program”) that is intended to provide the Employee with the
ability to obtain certain tax treatment under Section 102 of the Israeli Tax Ordinance (New Version), 1961 as amended from time to time and the rules and regulation promulgated thereunder (“Section 102”) with respect to the
Performance Restricted Stock Units awarded under this Agreement. If the Company determines that this Award may qualify as an Approved 102 Award, it shall be designated as a Capital Gain Award within the meaning of the Section 102
Program. The following additional rules shall apply to the Award: 

  
 Page 3 of 8 

 (a) The shares underlying the Award will be deposited in a Trust. Tamir Fishman 2004 Ltd., or its
duly appointed successor, shall be the Trustee of the Trust. All fees and commissions relating to the sale, transfer or release of shares from the Trust shall be paid by the Employee. 

(b) To obtain Section 102 tax treatment, the Employee shall not sell or release from the Trust any shares subject to the Award until the
lapse of the minimum required holding period under Section 102 (“Holding Period”). If any such sale or release occurs during the Holding Period, the sanctions under Section 102 and under any rules or regulation or orders
or procedures promulgated thereunder shall apply to and shall be borne by such Employee. 
 (c) Prior to any distribution or release of
shares from the Trust, the Employee shall be required to remit to the Trustee funds sufficient to cover applicable withholding taxes, plus any commissions and fees relating to the sale or release of shares. Alternatively, the Employee may request
that the Trustee sell sufficient shares to cover applicable withholding taxes, plus any commissions and fees relating to the sale or release. The Employee may request that shares in excess of any shares sold to cover withholding taxes, fees and
commissions be transferred to the Employee, or the Employee may advise the Trustee to sell such shares and transfer the net proceeds to the Employee. 

(d) By execution of this Agreement, the Employee hereby acknowledges that the Employee is familiar with the provisions of Section 102 and
the regulations and rules promulgated thereunder, including without limitation the type of Approved 102 Awards granted to the Employee and the tax implications applicable to such awards. The Employee accepts the provisions of the Trust agreement
signed between the Company and Trustee, and agrees to be bound by its terms. 
 SECTION 3 

General Terms and Conditions 

3.1 Nontransferability. Awards under this Agreement shall not be transferable other than by will or by the laws of descent and
distribution. As long as the Award and/or shares issued upon settlement of the Award are held by the Trustee, all of your rights over the Award and/or shares are personal, can not be transferred, assigned, pledged, mortgaged, or given as collateral
and no right with respect to them maybe given to any third party whatsoever, other than by will or laws of descent and distribution. 
 3.2
No Rights as a Stockholder. You shall not have any rights as a stockholder with respect to any shares of Common Stock subject to the PRSU prior to the date of issuance to you of a certificate or certificates for such shares, subject to the
provisions of Section 102 and the rules and regulations promulgated thereunder. 

  
 Page 4 of 8 

 3.3 Cause Termination. If your Termination Date occurs for reasons of Cause, all of your
rights under this Agreement, whether or not vested, shall terminate immediately. 
 3.4 Awards Subject to Plan. The granting of the
Award under this Agreement is being made pursuant to the Plan including the Section 102 Program and the Award shall be payable only in accordance with the applicable terms of the Plan. The Plan contains certain definitions, restrictions,
limitations and other terms and conditions all of which shall be applicable to this Agreement. ALL THE PROVISIONS OF THE PLAN ARE INCORPORATED HEREIN BY REFERENCE AND ARE MADE A PART OF THIS AGREEMENT IN THE SAME MANNER AS IF EACH AND EVERY SUCH
PROVISION WERE FULLY WRITTEN INTO THIS AGREEMENT. Should the Plan become void or unenforceable by operation of law or judicial decision, this Agreement shall have no force or effect. Nothing set forth in this Agreement is intended, nor shall any
of its provisions be construed, to limit or exclude any definition, restriction, limitation or other term or condition of the Plan as is relevant to this Agreement and as may be specifically applied to it by the Committee. In the event of a conflict
in the provisions of this Agreement and the Plan, as a rule of construction the terms of the Plan shall be deemed superior and apply. 
 3.5
Adjustments in Event of Change in Common Stock. In the event of a stock split, stock dividend, recapitalization, reclassification or combination of shares, merger, sale of assets or similar event, the number and kind of shares subject to
Award under this Agreement will be appropriately adjusted in an equitable manner to prevent dilution or enlargement of the rights granted to or available for you. 

3.6 Withholding. Any tax consequences arising from the grant of this Award or from any other event or act of the Company, and/or its
Affiliates (as defined under the Section 102 Program), and/or the Trustee or the Employee hereunder shall be borne solely by the Employee. The Company and/or its Affiliates, and/or the Trustee shall withhold taxes according to the requirements
under the applicable laws, rules and regulations including withholding taxes at source. If the employee has not remitted the full amount of applicable withholding taxes to the Company by the date the Company is required to pay such withholding to
the appropriate taxing authority (or such earlier date that the Company may specify to assist it in timely meeting its withholding obligations), the Company shall have the unilateral right to withhold Common Stock relating to this Award
in the amount it determines is sufficient to satisfy the minimum tax withholding required by law. Furthermore, the Employee hereby agrees to indemnify the Company and/or its Affiliates and/or the Trustee and hold them harmless against and
from any and all liability for any such tax or interest or penalty thereon, including without limitation, liabilities relating to the necessity to withhold, or to have withheld, any such tax from any payment made to the Employee. The Employee will
not be entitled to receive from the Company and/or the Trustee any shares of Common Stock hereunder prior to the full payment of the Employee’s tax liabilities relating to this Award. For the avoidance of doubt, neither the Company nor the
Trustee will be required to release any share certificate to the Employee until all payments required to be made by the Employee have been fully satisfied. 

  
 Page 5 of 8 

 3.7 Compliance with Applicable Law. Notwithstanding any other provision of this Agreement,
the Company shall have no obligation to issue any shares of Common Stock under this Agreement if such issuance would violate any applicable law or any applicable regulation or requirement of any securities exchange or similar entity. 

3.8 Data Privacy. By entering into this Agreement and accepting this Award, you (a) explicitly and unambiguously consent to the
collection, use and transfer, in electronic or other form, of any of your personal data that is necessary to facilitate the implementation, administration and management of the Award and the Plan, (b) understand that the Company may, for the
purpose of implementing, administering and managing the Plan, hold certain personal information about you, including, but not limited to, your name, home address and telephone number, date of birth, social insurance number or other identification
number, salary, nationality, job title, and details of all awards or entitlements to shares granted to you under the Plan or otherwise (“Data”), (c) understand that Data may be transferred to any third parties assisting in the
implementation, administration and management of the Plan, including any broker with whom the Shares issued upon vesting or exercise of the Award may be deposited, and that these recipients may be located in your country or elsewhere, and that the
recipient’s country may have different data privacy laws and protections than your country; (d) waive any data privacy rights you may have with respect to the data; and (e) authorize the Company, its subsidiaries and its agents, to
store and transmit such information in electronic form. 
 3.9 Successors and Assigns. This Agreement shall be binding upon any or
all successors and assigns of the Company. 
 3.10 Applicable Law. This Agreement shall be governed by and construed and enforced in
accordance with the internal laws of the State of Michigan without regard to principals of conflict of laws. Any proceeding related to or arising out of this Agreement shall be commenced, prosecuted or continued in the Circuit Court in Kent County,
Michigan located in Grand Rapids, Michigan or in the United Stated District Court for the Western District of Michigan, and in any appellate court thereof. 

3.11 Forfeiture of RSUs. If the Company, as a result of misconduct, is required to prepare an accounting restatement due to material
noncompliance with any financial reporting requirement under the securities laws, then (a) if your incentive or equity-based compensation is subject to automatic forfeiture due to such misconduct and restatement under Section 304 of the
Sarbanes-Oxley Act of 2002, or (b) the Committee determines you either knowingly engaged in or failed to prevent the misconduct, or your actions or inactions with respect to the misconduct and restatement constituted gross negligence, you shall
(i) be required to reimburse the Company the amount of any payment relating to any RSUs earned or accrued during the twelve month period following the first public issuance or filing with the SEC (whichever first occurred) of the financial
document embodying such financial reporting requirement, and (ii) all outstanding RSUs (including related dividend equivalents) that have not yet been settled shall be immediately forfeited. In addition, Common Stock acquired under this
Agreement, and any gains or profits on the sale of such Common Stock, shall be subject to any “clawback” or recoupment policy later adopted by the Company. 

  
 Page 6 of 8 

 **** 

We look forward to your continuing contribution to the growth of the Company. Please acknowledge your receipt of the Plan and this Award. 

 

			
	 Date
	 	 Very truly yours,

		
		 	 Judy L. Brown

		 	 Executive Vice President & Chief Financial Officer

  
 Page 7 of 8 

 ACKNOWLEDGMENT OF RECEIPT 

I acknowledge receipt of the Perrigo Company 2013 Long-Term Incentive Plan (the “Plan”). I further acknowledge receipt of this
Agreement and agree to the terms and conditions expressed herein and in the Plan. 
  

			
	Date:                                 	 	  

		 	«First_Name_» «Last_Name_»

  
 Page 8 of 8 

 PERRIGO COMPANY 

RESTRICTED STOCK UNIT AWARD AGREEMENT 

SERVICE-BASED VESTING 
 FOR
APPROVED SECTION 102 AWARDS 
 (Under the Perrigo Company 2013 Long-Term Incentive Plan) 

TO:             «First_Name_» «Last_Name_» 

 

	RE:	Notice of Restricted Stock Unit Award (Service-Based) 

 This is to notify you that
Perrigo Company (the “Company”) has granted you an Award under the Perrigo Company 2013 Long-Term Incentive Plan (the “Plan”) and the Section 102 Program established under Section 5 of the Plan, effective
as of             (the “Grant Date”). This Award consists of restricted stock units with service-based vesting. The terms and conditions of this incentive are set forth in
the remainder of this agreement (the “Agreement”). The capitalized terms that are not otherwise defined in this Agreement shall have the meanings ascribed to such terms under the Plan and/or Section 102 Program. 

SECTION 1 

Restricted Stock Units – Service-Based Vesting 

1.1 Grant. As of the Grant Date, and subject to the terms and conditions of this Agreement and the Plan, the Company grants you
«Number of » restricted stock units (“Restricted Stock Units”). Each Restricted Stock Unit shall entitle you to one share of Common Stock on the RSU Vesting Date, provided the vesting conditions described in Section 1.2
are satisfied. 
 1.2 Vesting. Except as provided in Section 1.3, the Restricted Stock Units awarded in Section 1.1 shall
vest if the Employee continues in the service of the Company from the Grant Date through the third anniversary of the Grant Date (the “RSU Vesting Date”). Except as provided in Section 1.3, if the Employee’s Termination
Date occurs prior to the RSU Vesting Date, the Restricted Stock Units awarded under Section 1.1 shall be permanently forfeited on the Employee’s Termination Date. 

1.3 Special Vesting Rules. Notwithstanding Section 1.2 above: 

(a) If the Employee’s Termination Date occurs by reason of death, Disability or Retirement with the Company’s
consent, any Restricted Stock Units awarded under Section 1.1 that have not vested prior to such Termination Date shall become fully vested. 

(b) If your Termination Date occurs by reason of Involuntary Termination for Economic Reasons, any Restricted Stock Units
awarded under Section 1.1 that would otherwise be scheduled to vest under Section 1.2 in the 24-month period following such 
 Israel LTI 

 
Termination Date shall continue to vest during such 24-month period according to the vesting schedule in effect prior to such Termination Date. Any Restricted Stock Units that are not scheduled
to vest during such 24-month period will be permanently forfeited on the Termination Date. 
 (c) In the event of a Change in
Control (as defined in the Plan and as such definition may be amended hereafter) while you are employed by or otherwise providing service to the Company, all Restricted Stock Units awarded under Section 1.1 that have not vested or been
forfeited prior to the date of such Change in Control shall become fully vested on such date. 
 1.4 Settlement of Restricted Stock
Units. As soon as practicable after the RSU Vesting Date with respect to Restricted Stock Units awarded in Section 1.1, the Company shall transfer to Employee one share of Common Stock for each Restricted Stock Unit becoming vested on such
date (the date of any such transfer shall be the “settlement date” for purposes of this Agreement); provided, however, the Company may withhold shares otherwise transferable to the Employee to the extent necessary to satisfy withholding
taxes due by reason of the vesting of the Restricted Stock Units, in accordance with Section 3.6. The Employee shall have no rights as a stockholder with respect to the Restricted Stock Units awarded hereunder prior to the date of issuance to
Employee of a certificate or certificates for such shares. Notwithstanding the foregoing, the Committee, in its sole discretion, may elect to settle Restricted Stock Units in cash based on the fair market value of the Common Stock on the RSU Vesting
Date. 
 1.5 Dividend Equivalents. The Restricted Stock Units awarded under Section 1.1 shall be eligible to receive dividend
equivalents in accordance with the following: 
 (a) An “Account” will be established in the Employee’s name. Such
Account shall be for recordkeeping purposes only, and no assets or other amounts shall be set aside from the Company’s general assets with respect to such Account. 

(b) On each date that a cash dividend is paid with respect to shares of Common Stock, the Company shall credit the Employee’s Account with
the dollar amount of dividends the Employee would have received if each Restricted Stock Unit held by the Employee on the record date for such dividend payment had been a share of Common Stock. No interest or other earnings shall accrue on such
Account. 
 (c) As of each RSU Vesting Date, the Employee shall receive a payment equal to the amount of dividends that would have been paid
on the Restricted Stock Units vesting on such date had they been shares of Common Stock during the period beginning on the Grant Date and ending on the RSU Vesting Date, and the Account shall be debited appropriately. If the Employee forfeits
Restricted Stock Units, any amounts in the Account attributable to such Restricted Stock Units shall also be forfeited. 
 (d) If dividends
are paid in the form of shares of Common Stock rather than cash, then the Employee will be credited with one additional Restricted Stock Unit for each share of Common Stock that would have been received as a dividend had the Employee’s
outstanding Restricted Stock Units been shares of Common Stock. Such additional Restricted Stock Units shall vest or be forfeited at the same time as the Restricted Stock Unit to which they relate. 

  
 Page 2 

 1.5 Application of Section 102 Program. The Company, in its discretion and after
consultation with its tax advisors, may provide that the Restricted Stock Units awarded under this Agreement shall be subject to the provisions of the Section 102 Program, in which case the provisions of Section 2 of this Agreement shall
also apply to the Restricted Stock Units awarded under Section 1.1. 
 SECTION 2 

Section 102 Plan and Trust 

The Company has established a Plan and Trust (the “Section 102 Program”) that is intended to provide the Employee with the
ability to obtain certain tax treatment under Section 102 of the Israeli Tax Ordinance (New Version), 1961 as amended from time to time and the rules and regulation promulgated thereunder (“Section 102”) with respect to the
Restricted Stock Units awarded under this Agreement. If the Company determines that this Award may qualify as an Approved 102 Award under Section 1.5, then it shall be designated as a Capital Gain Award within the meaning of the
Section 102 Program. The following additional rules shall apply to the Award: 
 (a) The shares underlying the Award will be deposited
in a Trust. Tamir Fishman 2004 Ltd., or its duly appointed successor, shall be the Trustee of the Trust. All fees and commissions relating to the sale, transfer or release of shares from the Trust shall be paid by the Employee. 

(b) To obtain Section 102 tax treatment, the Employee shall not sell or release from the Trust any shares subject to this Award
until the lapse of the minimum required holding period under Section 102 (“Holding Period”). If any such sale or release occurs during the Holding Period, the sanctions under Section 102 and under any rules or regulation
or orders or procedures promulgated thereunder shall apply to and shall be borne by such Employee.  
 (c) Prior to any distribution
or release of shares from the Trust, the Employee shall be required to remit to the Trustee funds sufficient to cover applicable withholding taxes, plus any commissions and fees relating to the sale or release of shares. Alternatively, the Employee
may request that the Trustee sell sufficient shares to cover applicable withholding taxes, plus any commissions and fees relating to the sale or release. The Employee may request that shares in excess of any shares sold to cover withholding taxes,
fees and commissions be transferred to the Employee, or the Employee may advise the Trustee to sell such shares and transfer the net proceeds to the Employee. 

(d) By execution of this Agreement, the Employee hereby acknowledges that the Employee is familiar with the provisions of Section 102 and
the regulations and rules promulgated thereunder, including without limitation the type of Approved 102 Awards granted to the Employee and the tax implications applicable to such awards. The Employee accepts the provisions of the Trust agreement
signed between the Company and Trustee, and agrees to be bound by its terms. 

  
 Page 3 

 SECTION 3 

General Terms and Conditions 

3.1 Nontransferability. Awards under this Agreement shall not be transferable other than by will or by the laws of descent and
distribution. As long as the Award and/or shares issued on settlement of this Award are held by the Trustee, all of your rights over the shares are personal, can not be transferred, assigned, pledged, mortgaged, or given as collateral and no right
with respect to them maybe given to any third party whatsoever, other than by will or laws of descent and distribution. 
 3.2 No Rights
as a Stockholder. You shall not have any rights as a stockholder with respect to any shares of Common Stock subject to the RSU prior to the date of issuance to you of a certificate or certificates for such shares, subject to the provisions of
Section 102 and the rules and regulations promulgated thereunder. 
 3.3 Cause Termination. If your Termination Date occurs for
reasons of Cause, all of your rights under this Agreement, whether or not vested, shall terminate immediately. 
 3.4 Awards Subject to
Plan. The granting of the Award under this Agreement is being made pursuant to the Plan including the Section 102 Program and the Award shall be payable only in accordance with the applicable terms of the Plan. The Plan contains certain
definitions, restrictions, limitations and other terms and conditions all of which shall be applicable to this Agreement. ALL THE PROVISIONS OF THE PLAN ARE INCORPORATED HEREIN BY REFERENCE AND ARE MADE A PART OF THIS AGREEMENT IN THE SAME MANNER
AS IF EACH AND EVERY SUCH PROVISION WERE FULLY WRITTEN INTO THIS AGREEMENT. Should the Plan become void or unenforceable by operation of law or judicial decision, this Agreement shall have no force or effect. Nothing set forth in this Agreement
is intended, nor shall any of its provisions be construed, to limit or exclude any definition, restriction, limitation or other term or condition of the Plan as is relevant to this Agreement and as may be specifically applied to it by the Committee.
In the event of a conflict in the provisions of this Agreement and the Plan, as a rule of construction the terms of the Plan shall be deemed superior and apply. 

3.5 Adjustments in Event of Change in Common Stock. In the event of a stock split, stock dividend, recapitalization, reclassification
or combination of shares, merger, sale of assets or similar event, the number and kind of shares subject to Award under this Agreement will be appropriately adjusted in an equitable manner to prevent dilution or enlargement of the rights granted to
or available for you. 
 3.6 Withholding. Any tax consequences arising from the grant of this Award or from any other event or act of
the Company, and/or its Affiliates (as defined under the Section 102 Program), and/or the Trustee or the Employee hereunder shall be borne solely by the Employee. 

  
 Page 4 

 The Company and/or its Affiliates, and/or the Trustee shall withhold taxes according to the requirements under
the applicable laws, rules and regulations including withholding taxes at source. If the employee has not remitted the full amount of applicable withholding taxes to the Company by the date the Company is required to pay such withholding to the
appropriate taxing authority (or such earlier date that the Company may specify to assist it in timely meeting its withholding obligations), the Company shall have the unilateral right to withhold Common Stock relating to this Award in the
amount it determines is sufficient to satisfy the minimum tax withholding required by law. Furthermore, the Employee hereby agrees to indemnify the Company and/or its Affiliates and/or the Trustee and hold them harmless against and from any and
all liability for any such tax or interest or penalty thereon, including without limitation, liabilities relating to the necessity to withhold, or to have withheld, any such tax from any payment made to the Employee. The Employee will not be
entitled to receive from the Company and/or the Trustee any shares of Common Stock hereunder prior to the full payment of the Employee’s tax liabilities relating to this Award. For the avoidance of doubt, neither the Company nor the Trustee
will be required to release any share certificate to the Employee until all payments required to be made by the Employee have been fully satisfied. 

3.7 Compliance with Applicable Law. Notwithstanding any other provision of this Agreement, the Company shall have no obligation to
issue any shares of Common Stock under this Agreement if such issuance would violate any applicable law or any applicable regulation or requirement of any securities exchange or similar entity. 

3.8 Code Section 409A. 

(a) Restricted Stock Units other than Restricted Stock Units that continue to vest by reason of your Involuntary Termination for Economic
Reasons and dividend equivalents payable under this Agreement are intended to be exempt from Code Section 409A under the exemption for short-term deferrals. Accordingly, Restricted Stock Units (other than Restricted Stock Units that continue to
vest by reason of your Involuntary Termination for Economic Reasons) will be settled and dividend equivalents will be paid no later than the 15th day of the third month following the later of
(i) the end of your taxable year in which the RSU Vesting Date occurs, or (ii) the end of the fiscal year of the Company in which the RSU Vesting Date occurs. 

(b) Restricted Stock Units that continue to vest by reason of your Involuntary Termination for Economic Reasons are subject to the provisions
of this subsection (b). Any distribution in settlement of such Restricted Stock Units will occur provided your Involuntary Termination for Economic Reasons constitutes a “separation from service” as defined in Treasury Regulation
§1.409A-1(h). If the Company determines that you are a “specified employee” as defined in Code Section 409A (i.e., an officer with annual compensation above $130,000 (as adjusted for inflation), a five-percent owner of the
Company or a one-percent owner with annual compensation in excess of $150,000), distribution in settlement of any such Restricted Stock Units that would be payable within six months of your separation from service shall be delayed to the first
business day following the six-month anniversary of your separation from service. Any distribution in settlement of such Restricted Stock Units that would be made more than six months after your separation from service (without application of the
six-month delay) shall not be subject to the six-month delay described in this subsection. The provisions of this Section 3.8 apply only if you are an Employee who is subject to Code Section 409A. 

  
 Page 5 

 3.9 Data Privacy. By entering into this Agreement and accepting this Award, you
(a) explicitly and unambiguously consent to the collection, use and transfer, in electronic or other form, of any of your personal data that is necessary to facilitate the implementation, administration and management of the Award and the Plan,
(b) understand that the Company may, for the purpose of implementing, administering and managing the Plan, hold certain personal information about you, including, but not limited to, your name, home address and telephone number, date of birth,
social insurance number or other identification number, salary, nationality, job title, and details of all awards or entitlements to shares granted to you under the Plan or otherwise (“Data”), (c) understand that Data may be
transferred to any third parties assisting in the implementation, administration and management of the Plan, including any broker with whom the Shares issued upon vesting or exercise of the Award may be deposited, and that these recipients may be
located in your country or elsewhere, and that the recipient’s country may have different data privacy laws and protections than your country, (d) waive any data privacy rights you may have with respect to the data, and (e) authorize
the Company, its subsidiaries and its agents, to store and transmit such information in electronic form. 
 3.10 Successors and
Assigns. This Agreement shall be binding upon any or all successors and assigns of the Company. 
 3.11 Applicable Law. This
Agreement shall be governed by and construed and enforced in accordance with the internal laws of the State of Michigan without regard to principals of conflict of laws. Any proceeding related to or arising out of this Agreement shall be commenced,
prosecuted or continued in the Circuit Court in Kent County, Michigan located in Grand Rapids, Michigan or in the United Stated District Court for the Western District of Michigan, and in any appellate court thereof. 

3.12 Forfeiture of RSUs. If the Company, as a result of misconduct, is required to prepare an accounting restatement due to material
noncompliance with any financial reporting requirement under the securities laws, then (a) if your incentive or equity-based compensation is subject to automatic forfeiture due to such misconduct and restatement under Section 304 of the
Sarbanes-Oxley Act of 2002, or (b) the Committee determines you either knowingly engaged in or failed to prevent the misconduct, or your actions or inactions with respect to the misconduct and restatement constituted gross negligence, you shall
(i) be required to reimburse the Company the amount of any payment (including dividend equivalents) relating to any RSUs earned or accrued during the twelve month period following the first public issuance or filing with the SEC (whichever
first occurred) of the financial document embodying such financial reporting requirement, and (ii) all outstanding RSUs (including related dividend equivalents) that have not yet been settled shall be immediately forfeited. In addition, Common
Stock acquired under this Agreement, and any gains or profits on the sale of such Common Stock, shall be subject to any “clawback” or recoupment policy later adopted by the Company. 

  
 Page 6 

 **** 

We look forward to your continuing contribution to the growth of the Company. Please acknowledge your receipt of the Plan and this Award. 

Very truly yours, 

Judy L. Brown 

Executive Vice President & Chief Financial Officer 

  
 Page 7 

 ACKNOWLEDGMENT OF RECEIPT 

I acknowledge receipt of the Perrigo Company 2013 Long-Term Incentive Plan (the “Plan”). I further acknowledge receipt of this
Agreement and agree to the terms and conditions expressed herein and in the Plan. 
  

			
	Date: __________________	  	  

		  	«First_Name_» «Last_Name_»

  
 Page 8 

 PERRIGO COMPANY 

NONQUALIFIED STOCK OPTION AGREEMENT 

(Under the Perrigo Company 2013 Long-Term Incentive Plan) 
  

	TO:	«First_Name» «Last_Name» 

  

	RE:	Notice of Nonqualified Stock Option 

 This is to notify you that Perrigo Company (the
“Company”) has granted you an Award under the Perrigo Company 2013 Long-Term Incentive Plan (the “Plan”), effective as of             (the “Grant Date”). This
Award consists of a nonqualified stock option. The terms and conditions of this incentive are set forth in the remainder of this agreement (the “Agreement”). The capitalized terms that are not otherwise defined in this Agreement shall have
the meanings ascribed to such terms under the Plan. 
 SECTION 1 

Nonqualified Stock Option 

1.1 Grant of Option. As of the Grant Date, and subject to the terms and conditions of this Agreement and the Plan, the Company grants
you a nonqualified stock option (the “Option”) to purchase «Number_of_Stock_Options_at            Share» shares of the Company’s common stock, without par value
(“Common Stock”), at a per share price of $            (the “Option Price”), which is equal to the Fair Market Value of such Common Stock as of the Grant Date. 

1.2 Timing and Duration of Exercise. 

(a) The Option shall vest with respect to one-third of the Shares awarded in Section 1.1 on each of the first, second and third
anniversaries of the Grant Date (each a “Vesting Date”), with the vesting of any fractional shares frontloaded to the first such Vesting Date. Subject to the requirements of subsection (b) below, vested Shares may be exercised after
the applicable Vesting Date. Notwithstanding the foregoing, any portion of the Option that has not vested or been forfeited previously shall immediately vest in full upon, and, subject to subsection (b) below, may be exercised in whole or in
part after, (1) the occurrence of a Change in Control (as defined in the Plan and as such definition may be amended hereafter) that occurs while you are employed by or otherwise providing service to the Company or one of its subsidiaries, or
(2) your death, Disability, or Retirement. 
 (b) Except as provided below, the vested Option must be exercised by you, if at all, while
you are providing service to the Company or one of its subsidiaries or within three months following your Termination Date, but in no event after             (the “Expiration
Date”). If your Termination Date occurs by reason of your Retirement, death or Disability, the Option may thereafter be exercised by you, or in the event of your death, by your estate or your designated beneficiary, or in the event of your
Disability, by you or your legal representative, at any time prior to the Expiration Date. If you die after your Termination Date and during the period in which the Option is exercisable, the right to exercise the Option during such period will be
governed by Plan Section 12(d)(4). If your Termination Date occurs because of an Involuntary Termination for Economic Reasons as determined by the Chief Executive Officer (or the Committee in the case of an Employee subject to Section 16
of the Exchange Act), the terms of Plan Section 12(b)(2) shall apply. 

  
 Page 1 of 6 

 Any portion of the Option that is not vested pursuant to this Section 1.2 as of your
employment Termination Date will be forfeited immediately. If the Option is not exercised as to all of the vested shares covered by the Option within the applicable time period and in the manner provided herein, the Option will terminate and will
not be exercisable thereafter. In no event may the Option be exercised after the Expiration Date. 
 1.3 Method of Exercise. The
vested Option, or any part of it, shall be exercised by written notice directed to the President, Chief Financial Officer or Secretary of the Company at the Company’s principal office in Allegan, Michigan, or by using other notification
permitted by the Company. Such notice must satisfy the following requirements: 
 (a) The notice must state the Grant Date, the number of
shares of Common Stock subject to the Option, the number of shares of Common Stock with respect to which Option is being exercised, the person in whose name the stock certificate or certificates for such shares of Common Stock is to be registered
and the person’s address and Social Security number (or if more than one person, the names, addresses and Social Security numbers of such persons). 

(b) The notice shall be accompanied by check, bank draft, money order or other cash payment, or by delivery of a certificate or certificates,
properly endorsed, for shares of Common Stock that you have held for at least six months and that are equivalent in Fair Market Value on the date of exercise to the Option Price (or any combination of cash and shares), in full payment of the Option
Price for the number of shares specified in the notice. 
 (c) The notice must be signed by the person or persons entitled to exercise the
Option and, if the Option is being exercised by any person or persons other than you, be accompanied by proof, satisfactory to the Committee, of the right of such person or persons to exercise the Option. 

(d) The Company may implement procedures for the electronic exercise of this Option, in which case the vested portion of this Option shall be
exercisable in accordance with such procedures. 

  
 Page 2 of 6 

 SECTION 2 

General Terms and Conditions 

2.1 Nontransferability. The Award under this Agreement shall not be transferable other than by will or by the laws of descent and
distribution. During your lifetime, the Option granted under this Agreement shall be exercisable only by you or by your guardian or legal representative in the event of your Disability. 

2.2 No Rights as a Stockholder. You shall not have any rights as a stockholder with respect to any shares of Common Stock subject to
the Option prior to the date of issuance to you of a certificate or certificates for such shares. 
 2.3 Cause Termination. If your
Termination Date occurs for reasons of Cause, all of your rights under this Agreement, whether or not vested, shall terminate immediately. 

2.4 Awards Subject to Plan. The granting of the Award under this Agreement is being made pursuant to the Plan and the Award shall be
exercisable only in accordance with the applicable terms of the Plan. The Plan contains certain definitions, restrictions, limitations and other terms and conditions all of which shall be applicable to this Agreement. ALL THE PROVISIONS OF THE
PLAN ARE INCORPORATED HEREIN BY REFERENCE AND ARE MADE A PART OF THIS AGREEMENT IN THE SAME MANNER AS IF EACH AND EVERY SUCH PROVISION WERE FULLY WRITTEN INTO THIS AGREEMENT. Should the Plan become void or unenforceable by operation of law or
judicial decision, this Agreement shall have no force or effect. Nothing set forth in this Agreement is intended, nor shall any of its provisions be construed, to limit or exclude any definition, restriction, limitation or other term or condition of
the Plan as is relevant to this Agreement and as may be specifically applied to it by the Committee. In the event of a conflict in the provisions of this Agreement and the Plan, as a rule of construction the terms of the Plan shall be deemed
superior and apply. 
 2.5 Adjustments in Event of Change in Common Stock. In the event of a stock split, stock dividend,
recapitalization, reclassification or combination of shares, merger, sale of assets or similar event, the number and kind of shares subject to Award under this Agreement, and the exercise price thereof, will be appropriately adjusted in an equitable
manner to prevent dilution or enlargement of the rights granted to or available for you. 
 2.6 Withholding. This Award is subject to
the withholding of all applicable taxes. The Company may withhold, or permit you to remit to the Company, any Federal, state or local taxes applicable to the grant, vesting or other event giving rise to tax liability with respect to this Award. If
you have not remitted the full amount of applicable withholding taxes to the Company by the date the Company is required to pay such withholding to the appropriate taxing authority (or such earlier date that the Company may specify to assist it in
timely meeting its withholding obligations), the Company shall have the unilateral right to withhold Common Stock relating to this Award in the amount it determines is sufficient to satisfy the minimum tax withholding required by law.
State taxes will be withheld at the appropriate rate set by the state in which you are employed or were last employed by the Company. You may elect to surrender previously acquired Common Stock or to have the Company withhold Common Stock relating
to this award in an amount sufficient to satisfy all or a portion of the minimum tax withholding required by law. 

  
 Page 3 of 6 

 2.7 Compliance with Applicable Law. Notwithstanding any other provision of this Agreement,
the Company shall have no obligation to issue any shares of Common Stock under this Agreement if such issuance would violate any applicable law or any applicable regulation or requirement of any securities exchange or similar entity. 

2.8 Data Privacy. By entering into this Agreement and accepting this Award, you (a) explicitly and unambiguously consent to the
collection, use and transfer, in electronic or other form, of any of your personal data that is necessary to facilitate the implementation, administration and management of the Award and the Plan, (b) understand that the Company may, for the
purpose of implementing, administering and managing the Plan, hold certain personal information about you, including, but not limited to, your name, home address and telephone number, date of birth, social insurance number or other identification
number, salary, nationality, job title, and details of all awards or entitlements to Shares granted to you under the Plan or otherwise (“Data”), (c) understand that Data may be transferred to any third parties assisting in the
implementation, administration and management of the Plan, including any broker with whom the Shares issued upon vesting or exercise of the Award may be deposited, and that these recipients may be located in your country or elsewhere, and that the
recipient’s country may have different data privacy laws and protections than your country, (d) waive any data privacy rights you may have with respect to the data, and (e) authorize the Company, its subsidiaries and its agents, to
store and transmit such information in electronic form. 
 2.9 Successors and Assigns. This Agreement shall be binding upon any or
all successors and assigns of the Company. 
 2.10 Applicable Law. This Agreement shall be governed by and construed and enforced in
accordance with the internal laws of the State of Michigan without regard to principals of conflict of laws. Any proceeding related to or arising out of this Agreement shall be commenced, prosecuted or continued in the Circuit Court in Kent County,
Michigan located in Grand Rapids, Michigan or in the United Stated District Court for the Western District of Michigan, and in any appellate court thereof. 

2.11 Repayment of Option Gain/Forfeiture of Options. If the Company, as a result of misconduct, is required to prepare an accounting
restatement due to material noncompliance with any financial reporting requirement under the securities laws, then (a) if your equity compensation is subject to automatic forfeiture due to such misconduct and restatement under Section 304
of the Sarbanes-Oxley Act of 2002, or (b) the Committee determines you either knowingly engaged in or failed to prevent the misconduct, or your actions or inactions with respect to the misconduct and restatement constituted gross negligence,
you shall (i) be required to reimburse the Company for any gain associated with any Option exercised during the twelve month period following the first public issuance or filing with the SEC (whichever first occurred) of the financial document
embodying such financial reporting requirement, and (ii) any outstanding Options shall be immediately forfeited. 

  
 Page 4 of 6 

 **** 

We look forward to your continuing contribution to the growth of the Company. Please acknowledge your receipt of the Plan and this Award. 

Very truly yours, 

Judy L. Brown 

Executive Vice President & Chief Financial Officer 

  
 Page 5 of 6 

 ACKNOWLEDGMENT OF RECEIPT 

I acknowledge receipt of the Perrigo Company 2013 Long-Term Incentive Plan (the “Plan”). I further acknowledge receipt of this
Agreement and agree to the terms and conditions expressed herein and in the Plan. I further agree that all decisions and determinations of the Committee (or Chief Executive Officer, if applicable) shall be final and binding. 

 

			
	Date: ____________________	 	  

		 	«First_Name» «Last_Name»

  
 Page 6 of 6 

 PERRIGO COMPANY 

RESTRICTED STOCK UNIT AWARD AGREEMENT 

(PERFORMANCE-BASED) 
 (Under
the Perrigo Company 2013 Long-Term Incentive Plan) 
  

	TO:	«First_Name» «Last_Name» 

  

	RE:	Notice of Restricted Stock Unit Award (Performance-Based) 

 This is to notify you that
Perrigo Company (the “Company”) has granted you an Award under the Perrigo Company 2013 Long-Term Incentive Plan (the “Plan”), effective as of
                        (the “Grant Date”). This Award consists of performance-based restricted stock units. The terms
and conditions of this incentive are set forth in the remainder of this agreement (the “Agreement”). The capitalized terms that are not otherwise defined in this Agreement shall have the meanings ascribed to such terms under the Plan. 

SECTION 1 

Restricted Stock Units – Performance-Based Vesting 

1.1 Grant. As of the Grant Date, the Company grants to you «Target_Number_of_Performance_Based_Restr» restricted stock
units (“Performance Restricted Stock Units” or “PRSUs”), subject to the terms and conditions set forth in this Agreement. The number of Performance Restricted Stock Units awarded in this Section 1.1 is referred to as the
“Target Award.” The Target Award may be increased or decreased depending on the level of attainment of Performance Goals for designated Performance Measures as described in Section 1.2. Each Performance Restricted Stock Unit shall
entitle you to one share of Common Stock on the PRSU Vesting Date set forth in Section 1.2, provided the applicable Performance Goals for each Performance Measure are satisfied. 

1.2 Vesting. The number of Performance Restricted Stock Units awarded in Section 1.1 vesting, if any, shall be determined as of
the PRSU Vesting Date. That number will be determined based on the average level of attainment of annual Performance Measure(s) for each fiscal year in the Performance Period, in accordance with the schedule determined by the Committee at the time
the Performance Measures and applicable Performance Goals are established by the Committee. 
 The Committee shall establish annually one or
more Performance Measures and the Performance Goals with respect to each Performance Measure that must be attained for Threshold, Target and Maximum performance for a fiscal year. The Performance Measure and Performance Goals for each fiscal year
will be provided to you. 
 Following the end of each fiscal year in the Performance Period, the Committee will determine the percentage of
Target Award PRSUs that would be payable for such fiscal year, based on the attainment of the Performance Goals for each Performance 
 Measure(s)
established by the Committee for that fiscal year. The percentage of the Target Award that would be payable under the schedule shall be adjusted, pro rata, to reflect attained performance between Threshold and Target, and Target and Maximum. 

  
 Page 1 of 6 

 At the end of the Performance Period, the percentage payout for each fiscal year in the
Performance Period will be averaged to determine the actual percentage of Target Award PRSUs that will vest and be payable on the PRSU Vesting Date. In no event will the calculation of a positive payout percentage for any fiscal year be construed to
guarantee that any PRSUs will vest on the PRSU Vesting Date. Payout percentages for the individual fiscal years are determined solely for purposes of determining the average annual payout percentage for the three-year Performance Period. 

Except as provided in Section 1.4, the PRSUs will be permanently forfeited if your Termination Date occurs prior to the PRSU Vesting
Date. If the average annual performance payout for the Performance Period is less than the Threshold performance level established by the Committee, all PRSUs that have not previously been forfeited shall be forfeited as of the PRSU Vesting Date. If
the average annual performance payout for the Performance Period exceeds the Maximum performance level established by the Committee, in no event will the number of PRSUs vesting exceed 200% of the Target Award. 

1.3 Definitions. The following terms shall have the following meanings under this Section 1. 

(a) “Performance Goal” means the level of performance that must be attained with respect to a Performance Measure for a fiscal year
for Minimum, Target and Maximum payout. 
 (b) “Performance Measure” for any fiscal year means one or more financial measures, as
determined by the Committee. The Committee shall provide how the Performance Measure will be adjusted, if at all, as a result of extraordinary events or circumstances, as determined by the Committee, or to exclude the effects of extraordinary,
unusual, or non-recurring items; changes in applicable laws, regulations, or accounting principles; currency fluctuations; discontinued operations; non-cash items, such as amortization, depreciation, or reserves; asset impairment; or any
recapitalization, restructuring, reorganization, merger, acquisition, divestiture, consolidation, spin-off, split-up, combination, liquidation, dissolution, sale of assets, or other similar corporation transaction. 

(c) “Performance Period” means a period of three consecutive fiscal years of the Company, beginning with the first day of the fiscal
year of the Company in which the Grant Date occurs and ending on the last day of the third fiscal year in the 3-year period. 
 (d)
“PRSU Vesting Date” means the last day of the Performance Period. 
 1.4 Special Vesting Rules. Notwithstanding
Section 1.2 above, in the event of a Change in Control (as defined in the Plan and as such definition may be amended hereafter) while you are employed by or otherwise providing service to the Company, all of the Performance Restricted Stock
Units awarded under Section 1.1 that have not previously been forfeited shall become fully vested as if Target performance had been obtained for the 

  
 Page 2 of 6 

 
Performance Period effective as of the date of any such event. If your Termination Date occurs because of death, Disability, or Retirement, the Performance Restricted Stock Units shall vest or be
forfeited as of the PRSU Vesting Date set forth in Section 1.2, based on the attainment of the performance goals. If your Termination Date occurs because of an Involuntary Termination for Economic Reasons, the Company’s Chief Executive
Officer (or the Committee, if you are subject to Section 16 of the Exchange Act), in his or her sole and absolute discretion, may permit all or part of the Performance Restricted Stock Units awarded hereunder to remain outstanding and vest or
be forfeited as of the date set forth in Section 1.2, depending on the attainment of Performance Goals. To the extent that the Chief Executive Officer (or Committee, if applicable) does not exercise discretionary authority to allow Performance
Restricted Stock Units to remain outstanding on the date of your Involuntary Termination for Economic Reasons, such Restricted Stock Units shall be permanently forfeited. 

1.5 Settlement of Performance Restricted Stock Units. As soon as practicable following the date of the Committee’s first regularly
scheduled meeting following the last day of the Performance Period at which the Committee certifies the average payout for each of the three years in the Performance Period, the Company shall transfer to you one share of Common Stock for each
Performance Restricted Stock Unit, if any, that becomes vested pursuant to Section 1.2 or 1.4 of this Agreement (the date of any such transfer shall be the “settlement date” for purposes of this Agreement); provided, however, the
Company may settle Restricted Stock Units in cash, based on the fair market value of the shares on the settlement date, to the extent necessary to satisfy tax withholding pursuant to Section 2.6. No fractional shares shall be transferred. Any
fractional share shall be rounded to the nearest whole share. The income attributable to the vesting of PRSUs and the amount of any required tax withholding will be determined based on the value of the shares on the settlement date. Performance
Restricted Stock Units are not eligible for dividend equivalents. 
 SECTION 2 

General Terms and Conditions 

2.1 Nontransferability. The Award under this Agreement shall not be transferable other than by will or by the laws of descent and
distribution. 
 2.2 No Rights as a Stockholder. You shall not have any rights as a stockholder with respect to any shares of Common
Stock subject to the PRSU awarded under this Agreement prior to the date of issuance to you of a certificate or certificates for such shares. 

2.3 Cause Termination. If your Termination Date occurs for reasons of Cause, all of your rights under this Agreement, whether or not
vested, shall terminate immediately. 
 2.4 Award Subject to Plan. The granting of the Award under this Agreement is being
made pursuant to the Plan and the Award shall be payable only in accordance with the applicable terms of the Plan. The Plan contains certain definitions, restrictions, limitations and other terms and conditions all of which shall be applicable to
this Agreement. ALL THE PROVISIONS OF THE PLAN ARE INCORPORATED HEREIN BY REFERENCE AND ARE MADE A PART OF THIS AGREEMENT IN THE SAME MANNER AS IF EACH AND EVERY 

  
 Page 3 of 6 

 
SUCH PROVISION WERE FULLY WRITTEN INTO THIS AGREEMENT. Should the Plan become void or unenforceable by operation of law or judicial decision, this Agreement shall have no force or effect.
Nothing set forth in this Agreement is intended, nor shall any of its provisions be construed, to limit or exclude any definition, restriction, limitation or other term or condition of the Plan as is relevant to this Agreement and as may be
specifically applied to it by the Committee. In the event of a conflict in the provisions of this Agreement and the Plan, as a rule of construction the terms of the Plan shall be deemed superior and apply. 

2.5 Adjustments in Event of Change in Common Stock. In the event of a stock split, stock dividend, recapitalization, reclassification
or combination of shares, merger, sale of assets or similar event, the number and kind of shares subject to Award under this Agreement will be appropriately adjusted in an equitable manner to prevent dilution or enlargement of the rights granted to
or available for you. 
 2.6 Withholding. This Award is subject to the withholding of all applicable taxes. The Company may withhold,
or permit you to remit to the Company, any Federal, state or local taxes applicable to the grant, vesting or other event giving rise to tax liability with respect to this Award. If you have not remitted the full amount of applicable withholding
taxes to the Company by the date the Company is required to pay such withholding to the appropriate taxing authority (or such earlier date that the Company may specify to assist it in timely meeting its withholding obligations), the Company shall
have the unilateral right to withhold Common Stock relating to this Award in the amount it determines is sufficient to satisfy the minimum tax withholding required by law. State taxes will be withheld at the appropriate rate set by
the state in which you are employed or were last employed by the Company. You may elect to surrender previously acquired Common Stock or to have the Company withhold Common Stock relating to this Award in an amount sufficient to satisfy all or a
portion of the minimum tax withholding required by law. 
 2.7 Compliance with Applicable Law. Notwithstanding any other provision of
this Agreement, the Company shall have no obligation to issue any shares of Common Stock under this Agreement if such issuance would violate any applicable law or any applicable regulation or requirement of any securities exchange or similar entity.

 2.8 Short Term Deferral. Performance Restricted Stock Units payable under this Agreement are intended to be exempt from Code
Section 409A under the exemption for short-term deferrals. Accordingly, Performance Restricted Stock Units will be settled no later than the 15th day of the third month following the later of
(i) the end of the Employee’s taxable year in which the PRSU Vesting Date occurs, or (ii) the end of the fiscal year of the Company in which the PRSU Vesting Date occurs. 

2.9 Data Privacy. By entering into this Agreement and accepting this Award, you (a) explicitly and unambiguously consent to the
collection, use and transfer, in electronic or other form, of any of your personal data that is necessary to facilitate the implementation, administration and management of the Award and the Plan, (b) understand that the Company may, for the
purpose of implementing, administering and managing the Plan, hold certain personal information about you, including, but not limited to, your name, home address and telephone number, date of birth, social insurance number or other identification
number, salary, 

  
 Page 4 of 6 

 
nationality, job title, and details of all awards or entitlements to Shares granted to you under the Plan or otherwise (“Data”), (c) understand that Data may be transferred to any
third parties assisting in the implementation, administration and management of the Plan, including any broker with whom the Shares issued upon vesting of the Award may be deposited, and that these recipients may be located in your country or
elsewhere, and that the recipient’s country may have different data privacy laws and protections than your country, (d) waive any data privacy rights you may have with respect to the data, and (e) authorize the Company, its
subsidiaries and its agents, to store and transmit such information in electronic form. 
 2.10 Successors and Assigns. This
Agreement shall be binding upon any or all successors and assigns of the Company. 
 2.11 Applicable Law. This Agreement shall be
governed by and construed and enforced in accordance with the internal laws of the State of Michigan without regard to principals of conflict of laws. Any proceeding related to or arising out of this Agreement shall be commenced, prosecuted or
continued in the Circuit Court in Kent County, Michigan located in Grand Rapids, Michigan or in the United Stated District Court for the Western District of Michigan, and in any appellate court thereof. 

2.12 Forfeiture of RSUs. If the Company, as a result of misconduct, is required to prepare an accounting restatement due to material
noncompliance with any financial reporting requirement under the securities laws, then (a) if your incentive or equity-based compensation is subject to automatic forfeiture due to such misconduct and restatement under Section 304 of the
Sarbanes-Oxley Act of 2002, or (b) the Committee determines you either knowingly engaged in or failed to prevent the misconduct, or your actions or inactions with respect to the misconduct and restatement constituted gross negligence, you shall
(i) be required to reimburse the Company the amount of any payment relating to any RSUs earned or accrued during the twelve month period following the first public issuance or filing with the SEC (whichever first occurred) of the financial
document embodying such financial reporting requirement, and (ii) all outstanding RSUs (including related dividend equivalents) that have not yet been settled shall be immediately forfeited. In addition, Common Stock acquired under this
Agreement, and any gains or profits on the sale of such Common Stock, shall be subject to any “clawback” or recoupment policy later adopted by the Company. 

**** 
 We look forward to your
continuing contribution to the growth of the Company. Please acknowledge your receipt of the Plan and this Award. 
  

			
		  	Very truly yours,
		
		  	 Judy L. Brown
 Executive Vice
President & Chief Financial Officer

  
 Page 5 of 6 

 ACKNOWLEDGMENT OF RECEIPT 

I acknowledge receipt of the Perrigo Company 2013 Long-Term Incentive Plan (the “Plan”). I further acknowledge receipt of this
Agreement and agree to the terms and conditions expressed herein and in the Plan. I further agree that all decisions and determinations of the Committee (or Chief Executive Officer, if applicable) shall be final and binding. 

 

			
	Date:                     	  	  

		  	«First_Name» «Last_Name»

  
 Page 6 of 6 

 PERRIGO COMPANY 

RESTRICTED STOCK UNIT AWARD AGREEMENT 

(SERVICE-BASED) 
 (Under the
Perrigo Company 2013 Long-Term Incentive Plan) 
  

	TO:	«First_Name» «Last_Name» 

  

	RE:	Notice of Restricted Stock Unit Award (Service-Based) 

 This is to notify you that
Perrigo Company (the “Company”) has granted you an Award under the Perrigo Company 2013 Long-Term Incentive Plan (the “Plan”), effective as of
                        (the “Grant Date”). This Award consists of service-based restricted stock units. The terms and
conditions of this incentive are set forth in the remainder of this agreement (the “Agreement”). The capitalized terms that are not otherwise defined in this Agreement shall have the meanings ascribed to such terms under the Plan. 

SECTION 1 

Restricted Stock Units – Service-Based Vesting 

1.1 Grant. As of the Grant Date, and subject to the terms and conditions of this Agreement and the Plan, the Company grants you
«Number_of_restricted_stock units» (“Restricted Stock Units”). Each Restricted Stock Unit shall entitle you to one share of Common Stock on the applicable RSU Vesting Date, provided the vesting conditions described in
Section 1.2 are satisfied. 
 1.2 Vesting. Except as provided in Section 1.3, the Restricted Stock Units awarded in
Section 1.1 shall vest on the second anniversary of the Grant Date (“RSU Vesting Date”) provided that you continue in the service of the Company from the Grant Date through the applicable RSU Vesting Date. 

Except as provided in Section 1.3, if your Termination Date occurs prior to the RSU Vesting Date, any Restricted Stock Units awarded
under Section 1.1 that have not previously vested as of such Termination Date shall be permanently forfeited on your Termination Date. 

1.3 Special Vesting Rules. Notwithstanding Section 1.2 above: 

(a) If your Termination Date occurs by reason of death, Disability or Retirement with the Company’s consent, any Restricted Stock Units
awarded under Section 1.1 that have not vested prior to such Termination Date shall become fully vested. 
 (b) If your Termination Date
occurs by reason of an Involuntary Termination for Economic Reasons, any Restricted Stock Units awarded under Section 1.1 that would otherwise be scheduled to vest under Section 1.2 in the 24-month period following such Termination Date
shall continue to vest during such 24-month period according to the vesting schedule in effect prior to such Termination Date. Any Restricted Stock Units that are not scheduled to vest during such 24-month period will be permanently forfeited on the
Termination Date. 

  
 Page 1 of 6 

 (c) In the event of a Change in Control (as defined in the Plan and as such definition may be
amended hereafter) while you are employed by or otherwise providing service to the Company, all Restricted Stock Units awarded under Section 1.1 that have not vested or been forfeited prior to the date of such Change in Control shall become
fully vested on such date. 
 1.4 Settlement of Restricted Stock Units. As soon as practicable after the RSU Vesting Date, the
Company shall transfer to Employee one share of Common Stock for each Restricted Stock Unit becoming vested on such date (the date of any such transfer shall be the “settlement date” for purposes of this Agreement); provided, however, the
Company may withhold shares otherwise transferable to the Employee to the extent necessary to satisfy withholding taxes due by reason of the vesting of the Restricted Stock Units, in accordance with Section 2.6. The Employee shall have no
rights as a stockholder with respect to the Restricted Stock Units awarded hereunder prior to the date of issuance to Employee of a certificate or certificates for such shares. Notwithstanding the foregoing, the Committee, in its sole discretion,
may elect to settle Restricted Stock Units in cash based on the fair market value of the Common Stock on the RSU Vesting Date. 
 1.5
Dividend Equivalents. The Restricted Stock Units awarded under Section 1.1 shall be eligible to receive dividend equivalents in accordance with the following: 

(a) An “Account” will be established in the Employee’s name. Such Account shall be for recordkeeping purposes only, and no
assets or other amounts shall be set aside from the Company’s general assets with respect to such Account. 
 (b) On each date that a
cash dividend is paid with respect to shares of Common Stock, the Company shall credit the Employee’s Account with the dollar amount of dividends the Employee would have received if each Restricted Stock Unit held by the Employee on the record
date for such dividend payment had been a share of Common Stock. No interest or other earnings shall accrue on such Account. 
 (c) As of
each RSU Vesting Date, the Employee shall receive a payment equal to the amount of dividends that would have been paid on the Restricted Stock Units vesting on such date had they been shares of Common Stock during the period beginning on the Grant
Date and ending on the RSU Vesting Date, and the Account shall be debited appropriately. If the Employee forfeits Restricted Stock Units, any amounts in the Account attributable to such Restricted Stock Units shall also be forfeited. 

(d) If dividends are paid in the form of shares of Common Stock rather than cash, then the Employee will be credited with one additional
Restricted Stock Unit for each share of Common Stock that would have been received as a dividend had the Employee’s outstanding Restricted Stock Units been shares of Common Stock. Such additional Restricted Stock Units shall vest or be
forfeited at the same time as the Restricted Stock Unit to which they relate. 

  
 Page 2 of 6 

 SECTION 2 

General Terms and Conditions 

2.1 Nontransferability. The Award under this Agreement shall not be transferable other than by will or by the laws of descent and
distribution. 
 2.2 No Rights as a Stockholder. You shall not have any rights as a stockholder with respect to any shares of Common
Stock subject to the RSU awarded under this Agreement prior to the date of issuance to you of a certificate or certificates for such shares. 

2.3 Cause Termination. If your Termination Date occurs for reasons of Cause, all of your rights under this Agreement, whether or not
vested, shall terminate immediately. 
 2.4 Award Subject to Plan. The granting of the Award under this Agreement is being made
pursuant to the Plan and the Award shall be payable only in accordance with the applicable terms of the Plan. The Plan contains certain definitions, restrictions, limitations and other terms and conditions all of which shall be applicable to this
Agreement. ALL THE PROVISIONS OF THE PLAN ARE INCORPORATED HEREIN BY REFERENCE AND ARE MADE A PART OF THIS AGREEMENT IN THE SAME MANNER AS IF EACH AND EVERY SUCH PROVISION WERE FULLY WRITTEN INTO THIS AGREEMENT. Should the Plan become void or
unenforceable by operation of law or judicial decision, this Agreement shall have no force or effect. Nothing set forth in this Agreement is intended, nor shall any of its provisions be construed, to limit or exclude any definition, restriction,
limitation or other term or condition of the Plan as is relevant to this Agreement and as may be specifically applied to it by the Committee. In the event of a conflict in the provisions of this Agreement and the Plan, as a rule of construction the
terms of the Plan shall be deemed superior and apply. 
 2.5 Adjustments in Event of Change in Common Stock. In the event of a stock
split, stock dividend, recapitalization, reclassification or combination of shares, merger, sale of assets or similar event, the number and kind of shares subject to Award under this Agreement will be appropriately adjusted in an equitable manner to
prevent dilution or enlargement of the rights granted to or available for you. 
 2.6 Withholding. This Award is subject to the
withholding of all applicable taxes. The Company may withhold, or permit you to remit to the Company, any Federal, state or local taxes applicable to the grant, vesting or other event giving rise to tax liability with respect to this Award. If you
have not remitted the full amount of applicable withholding taxes to the Company by the date the Company is required to pay such withholding to the appropriate taxing authority (or such earlier date that the Company may specify to assist it in
timely meeting its withholding obligations), the Company shall have the unilateral right to withhold Common Stock relating to this Award in the amount it determines is sufficient to satisfy the minimum tax withholding required by law.
State taxes will be withheld at the appropriate rate set by the state in which you are employed or were last employed by the Company. You may elect to surrender previously acquired Common Stock or to have the Company withhold Common Stock relating
to this Award in an amount sufficient to satisfy all or a portion of the minimum tax withholding required by law. 

  
 Page 3 of 6 

 2.7 Compliance with Applicable Law. Notwithstanding any other provision of this Agreement,
the Company shall have no obligation to issue any shares of Common Stock under this Agreement if such issuance would violate any applicable law or any applicable regulation or requirement of any securities exchange or similar entity. 

2.8 Code Section 409A. 

(a) Restricted Stock Units other than Restricted Stock Units that continue to vest by reason of your Involuntary Termination for Economic
Reasons and dividend equivalents payable under this Agreement are intended to be exempt from Code Section 409A under the exemption for short-term deferrals. Accordingly, Restricted Stock Units (other than Restricted Stock Units that continue to
vest by reason of your Involuntary Termination for Economic Reasons) will be settled and dividend equivalents will be paid no later than the 15th day of the third month following the later of
(i) the end of your taxable year in which the RSU Vesting Date occurs, or (ii) the end of the fiscal year of the Company in which the RSU Vesting Date occurs. 

(b) Restricted Stock Units that continue to vest by reason of your Involuntary Termination for Economic Reasons are subject to the provisions
of this subsection (b). Any distribution in settlement of such Restricted Stock Units will occur provided your Involuntary Termination for Economic Reasons constitutes a “separation from service” as defined in Treasury Regulation
§1.409A-1(h). If the Company determines that you are a “specified employee” as defined in Code Section 409A (i.e., an officer with annual compensation above $130,000 (as adjusted for inflation), a five-percent owner of the
Company or a one-percent owner with annual compensation in excess of $150,000), distribution in settlement of any such Restricted Stock Units that would be payable within six months of your separation from service shall be delayed to the first
business day following the six-month anniversary of your separation from service. Any distribution in settlement of such Restricted Stock Units that would be made more than six months after your separation from service (without application of the
six-month delay) shall not be subject to the six-month delay described in this subsection. 
 2.9 Data Privacy. By entering into this
Agreement and accepting this Award, you (a) explicitly and unambiguously consent to the collection, use and transfer, in electronic or other form, of any of your personal data that is necessary to facilitate the implementation, administration
and management of the Award and the Plan, (b) understand that the Company may, for the purpose of implementing, administering and managing the Plan, hold certain personal information about you, including, but not limited to, your name, home
address and telephone number, date of birth, social insurance number or other identification number, salary, nationality, job title, and details of all awards or entitlements to Shares granted to you under the Plan or otherwise (“Data”),
(c) understand that Data may be transferred to any third parties assisting in the implementation, administration and management of the Plan, including any broker with whom the Shares issued upon vesting of the Award may be deposited, and that
these recipients may be located in your country or elsewhere, and that the recipient’s country may have different data privacy laws and protections than your country, (d) waive any data privacy rights you may have with respect to the data,
and (e) authorize the Company, its subsidiaries and its agents, to store and transmit such information in electronic form. 

  
 Page 4 of 6 

 2.10 Successors and Assigns. This Agreement shall be binding upon any or all successors
and assigns of the Company. 
 2.11 Applicable Law. This Agreement shall be governed by and construed and enforced in accordance with
the internal laws of the State of Michigan without regard to principals of conflict of laws. Any proceeding related to or arising out of this Agreement shall be commenced, prosecuted or continued in the Circuit Court in Kent County, Michigan located
in Grand Rapids, Michigan or in the United Stated District Court for the Western District of Michigan, and in any appellate court thereof. 

2.12 Forfeiture of RSUs. If the Company, as a result of misconduct, is required to prepare an accounting restatement due to material
noncompliance with any financial reporting requirement under the securities laws, then (a) if your incentive or equity-based compensation is subject to automatic forfeiture due to such misconduct and restatement under Section 304 of the
Sarbanes-Oxley Act of 2002, or (b) the Committee determines you either knowingly engaged in or failed to prevent the misconduct, or your actions or inactions with respect to the misconduct and restatement constituted gross negligence, you shall
(i) be required to reimburse the Company the amount of any payment (including dividend equivalents) relating to any RSUs earned or accrued during the twelve month period following the first public issuance or filing with the SEC (whichever
first occurred) of the financial document embodying such financial reporting requirement, and (ii) all outstanding RSUs (including related dividend equivalents) that have not yet been settled shall be immediately forfeited. In addition, Common
Stock acquired under this Agreement, and any gains or profits on the sale of such Common Stock, shall be subject to any “clawback” or recoupment policy later adopted by the Company. 

**** 
 We look forward to your
continuing contribution to the growth of the Company. Please acknowledge your receipt of the Plan and this Award. 
  

			
		  	Very truly yours,
		
		  	 Judy L. Brown
 Executive Vice
President & Chief Financial Officer

  

  
 Page 5 of 6 

 ACKNOWLEDGMENT OF RECEIPT 

I acknowledge receipt of the Perrigo Company 2013 Long-Term Incentive Plan (the “Plan”). I further acknowledge receipt of this
Agreement and agree to the terms and conditions expressed herein and in the Plan. I further agree that all decisions and determinations of the Committee (or Chief Executive Officer, if applicable) shall be final and binding. 

 

			
	 Date:
                    
	 	  

		 	«First_Name» «Last_Name»

  
 Page 6 of 6 

 PERRIGO COMPANY 

RESTRICTED STOCK UNIT AWARD AGREEMENT 

(SERVICE-BASED) 
 (Under the
Perrigo Company 2013 Long-Term Incentive Plan) 
  

	TO:	«First_Name» «Last_Name» 

  

	RE:	Notice of Restricted Stock Unit Award (Service-Based) 

 This is to notify you that
Perrigo Company (the “Company”) has granted you an Award under the Perrigo Company 2013 Long-Term Incentive Plan (the “Plan”), effective as of
                    (the “Grant Date”). This Award consists of service-based restricted stock units. The terms and conditions of this
incentive are set forth in the remainder of this agreement (the “Agreement”). The capitalized terms that are not otherwise defined in this Agreement shall have the meanings ascribed to such terms under the Plan. 

SECTION 1 

Restricted Stock Units – Service-Based Vesting 

1.1 Grant. As of the Grant Date, and subject to the terms and conditions of this Agreement and the Plan, the Company grants you
«Number_of_restricted_stock units» (“Restricted Stock Units”). Each Restricted Stock Unit shall entitle you to one share of Common Stock on the applicable RSU Vesting Date, provided the vesting conditions described in
Section 1.2 are satisfied. 
 1.2 Vesting. Except as provided in Section 1.3, the Restricted Stock Units awarded in
Section 1.1 shall vest on the third anniversary of the Grant Date (“RSU Vesting Date”) provided that you continue in the service of the Company from the Grant Date through the applicable RSU Vesting Date. 

Except as provided in Section 1.3, if your Termination Date occurs prior to the RSU Vesting Date, any Restricted Stock Units awarded
under Section 1.1 that have not previously vested as of such Termination Date shall be permanently forfeited on your Termination Date. 

1.3 Special Vesting Rules. Notwithstanding Section 1.2 above: 

(a) If your Termination Date occurs by reason of death, Disability or Retirement with the Company’s consent, any Restricted Stock Units
awarded under Section 1.1 that have not vested prior to such Termination Date shall become fully vested. 
 (b) If your Termination Date
occurs by reason of an Involuntary Termination for Economic Reasons, any Restricted Stock Units awarded under Section 1.1 that would otherwise be scheduled to vest under Section 1.2 in the 24-month period following such Termination Date
shall continue to vest during such 24-month period according to the vesting schedule in effect prior to such Termination Date. Any Restricted Stock Units that are not scheduled to vest during such 24-month period will be permanently forfeited on the
Termination Date. 

  
 Page 1 of 6 

 (c) In the event of a Change in Control (as defined in the Plan and as such definition may be
amended hereafter) while you are employed by or otherwise providing service to the Company, all Restricted Stock Units awarded under Section 1.1 that have not vested or been forfeited prior to the date of such Change in Control shall become
fully vested on such date. 
 1.4 Settlement of Restricted Stock Units. As soon as practicable after the RSU Vesting Date, the
Company shall transfer to Employee one share of Common Stock for each Restricted Stock Unit becoming vested on such date (the date of any such transfer shall be the “settlement date” for purposes of this Agreement); provided, however, the
Company may withhold shares otherwise transferable to the Employee to the extent necessary to satisfy withholding taxes due by reason of the vesting of the Restricted Stock Units, in accordance with Section 2.6. The Employee shall have no
rights as a stockholder with respect to the Restricted Stock Units awarded hereunder prior to the date of issuance to Employee of a certificate or certificates for such shares. Notwithstanding the foregoing, the Committee, in its sole discretion,
may elect to settle Restricted Stock Units in cash based on the fair market value of the Common Stock on the RSU Vesting Date. 
 1.5
Dividend Equivalents. The Restricted Stock Units awarded under Section 1.1 shall be eligible to receive dividend equivalents in accordance with the following: 

(a) An “Account” will be established in the Employee’s name. Such Account shall be for recordkeeping purposes only, and no
assets or other amounts shall be set aside from the Company’s general assets with respect to such Account. 
 (b) On each date that a
cash dividend is paid with respect to shares of Common Stock, the Company shall credit the Employee’s Account with the dollar amount of dividends the Employee would have received if each Restricted Stock Unit held by the Employee on the record
date for such dividend payment had been a share of Common Stock. No interest or other earnings shall accrue on such Account. 
 (c) As of
each RSU Vesting Date, the Employee shall receive a payment equal to the amount of dividends that would have been paid on the Restricted Stock Units vesting on such date had they been shares of Common Stock during the period beginning on the Grant
Date and ending on the RSU Vesting Date, and the Account shall be debited appropriately. If the Employee forfeits Restricted Stock Units, any amounts in the Account attributable to such Restricted Stock Units shall also be forfeited. 

(d) If dividends are paid in the form of shares of Common Stock rather than cash, then the Employee will be credited with one additional
Restricted Stock Unit for each share of Common Stock that would have been received as a dividend had the Employee’s outstanding Restricted Stock Units been shares of Common Stock. Such additional Restricted Stock Units shall vest or be
forfeited at the same time as the Restricted Stock Unit to which they relate. 

  
 Page 2 of 6 

 SECTION 2 

General Terms and Conditions 

2.1 Nontransferability. The Award under this Agreement shall not be transferable other than by will or by the laws of descent and
distribution. 
 2.2 No Rights as a Stockholder. You shall not have any rights as a stockholder with respect to any shares of Common
Stock subject to the RSU awarded under this Agreement prior to the date of issuance to you of a certificate or certificates for such shares. 

2.3 Cause Termination. If your Termination Date occurs for reasons of Cause, all of your rights under this Agreement, whether or not
vested, shall terminate immediately. 
 2.4 Award Subject to Plan. The granting of the Award under this Agreement is being made
pursuant to the Plan and the Award shall be payable only in accordance with the applicable terms of the Plan. The Plan contains certain definitions, restrictions, limitations and other terms and conditions all of which shall be applicable to this
Agreement. ALL THE PROVISIONS OF THE PLAN ARE INCORPORATED HEREIN BY REFERENCE AND ARE MADE A PART OF THIS AGREEMENT IN THE SAME MANNER AS IF EACH AND EVERY SUCH PROVISION WERE FULLY WRITTEN INTO THIS AGREEMENT. Should the Plan become void or
unenforceable by operation of law or judicial decision, this Agreement shall have no force or effect. Nothing set forth in this Agreement is intended, nor shall any of its provisions be construed, to limit or exclude any definition, restriction,
limitation or other term or condition of the Plan as is relevant to this Agreement and as may be specifically applied to it by the Committee. In the event of a conflict in the provisions of this Agreement and the Plan, as a rule of construction the
terms of the Plan shall be deemed superior and apply. 
 2.5 Adjustments in Event of Change in Common Stock. In the event of a stock
split, stock dividend, recapitalization, reclassification or combination of shares, merger, sale of assets or similar event, the number and kind of shares subject to Award under this Agreement will be appropriately adjusted in an equitable manner to
prevent dilution or enlargement of the rights granted to or available for you. 
 2.6 Withholding. This Award is subject to the
withholding of all applicable taxes. The Company may withhold, or permit you to remit to the Company, any Federal, state or local taxes applicable to the grant, vesting or other event giving rise to tax liability with respect to this Award. If you
have not remitted the full amount of applicable withholding taxes to the Company by the date the Company is required to pay such withholding to the appropriate taxing authority (or such earlier date that the Company may specify to assist it in
timely meeting its withholding obligations), the Company shall have the unilateral right to withhold Common Stock relating to this Award in the amount it determines is sufficient to satisfy the minimum tax withholding required by law.
State taxes will be withheld at the appropriate rate set by the state in which you are employed or were last employed by the Company. You may elect to surrender previously acquired Common Stock or to have the Company withhold Common Stock relating
to this Award in an amount sufficient to satisfy all or a portion of the minimum tax withholding required by law. 

  
 Page 3 of 6 

 2.7 Compliance with Applicable Law. Notwithstanding any other provision of this Agreement,
the Company shall have no obligation to issue any shares of Common Stock under this Agreement if such issuance would violate any applicable law or any applicable regulation or requirement of any securities exchange or similar entity. 

2.8 Code Section 409A. 

(a) Restricted Stock Units other than Restricted Stock Units that continue to vest by reason of your Involuntary Termination for Economic
Reasons and dividend equivalents payable under this Agreement are intended to be exempt from Code Section 409A under the exemption for short-term deferrals. Accordingly, Restricted Stock Units (other than Restricted Stock Units that continue to
vest by reason of your Involuntary Termination for Economic Reasons) will be settled and dividend equivalents will be paid no later than the 15th day of the third month following the later of
(i) the end of your taxable year in which the RSU Vesting Date occurs, or (ii) the end of the fiscal year of the Company in which the RSU Vesting Date occurs. 

(b) Restricted Stock Units that continue to vest by reason of your Involuntary Termination for Economic Reasons are subject to the provisions
of this subsection (b). Any distribution in settlement of such Restricted Stock Units will occur provided your Involuntary Termination for Economic Reasons constitutes a “separation from service” as defined in Treasury Regulation
§1.409A-1(h). If the Company determines that you are a “specified employee” as defined in Code Section 409A (i.e., an officer with annual compensation above $130,000 (as adjusted for inflation), a five-percent owner of the
Company or a one-percent owner with annual compensation in excess of $150,000), distribution in settlement of any such Restricted Stock Units that would be payable within six months of your separation from service shall be delayed to the first
business day following the six-month anniversary of your separation from service. Any distribution in settlement of such Restricted Stock Units that would be made more than six months after your separation from service (without application of the
six-month delay) shall not be subject to the six-month delay described in this subsection. 
 2.9 Data Privacy. By entering into this
Agreement and accepting this Award, you (a) explicitly and unambiguously consent to the collection, use and transfer, in electronic or other form, of any of your personal data that is necessary to facilitate the implementation, administration
and management of the Award and the Plan, (b) understand that the Company may, for the purpose of implementing, administering and managing the Plan, hold certain personal information about you, including, but not limited to, your name, home
address and telephone number, date of birth, social insurance number or other identification number, salary, nationality, job title, and details of all awards or entitlements to Shares granted to you under the Plan or otherwise (“Data”),
(c) understand that Data may be transferred to any third parties assisting in the implementation, administration and management of the Plan, including any broker with whom the Shares issued upon vesting of the Award may be deposited, and that
these recipients may be located in your country or elsewhere, and that the recipient’s country may have different data privacy laws and protections than your country, (d) waive any data privacy rights you may have with respect to the data,
and (e) authorize the Company, its subsidiaries and its agents, to store and transmit such information in electronic form. 

  
 Page 4 of 6 

 2.10 Successors and Assigns. This Agreement shall be binding upon any or all successors
and assigns of the Company. 
 2.11 Applicable Law. This Agreement shall be governed by and construed and enforced in accordance with
the internal laws of the State of Michigan without regard to principals of conflict of laws. Any proceeding related to or arising out of this Agreement shall be commenced, prosecuted or continued in the Circuit Court in Kent County, Michigan located
in Grand Rapids, Michigan or in the United Stated District Court for the Western District of Michigan, and in any appellate court thereof. 

2.12 Forfeiture of RSUs. If the Company, as a result of misconduct, is required to prepare an accounting restatement due to material
noncompliance with any financial reporting requirement under the securities laws, then (a) if your incentive or equity-based compensation is subject to automatic forfeiture due to such misconduct and restatement under Section 304 of the
Sarbanes-Oxley Act of 2002, or (b) the Committee determines you either knowingly engaged in or failed to prevent the misconduct, or your actions or inactions with respect to the misconduct and restatement constituted gross negligence, you shall
(i) be required to reimburse the Company the amount of any payment (including dividend equivalents) relating to any RSUs earned or accrued during the twelve month period following the first public issuance or filing with the SEC (whichever
first occurred) of the financial document embodying such financial reporting requirement, and (ii) all outstanding RSUs (including related dividend equivalents) that have not yet been settled shall be immediately forfeited. In addition, Common
Stock acquired under this Agreement, and any gains or profits on the sale of such Common Stock, shall be subject to any “clawback” or recoupment policy later adopted by the Company. 

**** 
 We look forward to your
continuing contribution to the growth of the Company. Please acknowledge your receipt of the Plan and this Award. 
  

			
		  	Very truly yours,
		
		  	 Judy L. Brown
 Executive Vice
President & Chief Financial Officer

  
 Page 5 of 6 

 ACKNOWLEDGMENT OF RECEIPT 

I acknowledge receipt of the Perrigo Company 2013 Long-Term Incentive Plan (the “Plan”). I further acknowledge receipt of this
Agreement and agree to the terms and conditions expressed herein and in the Plan. I further agree that all decisions and determinations of the Committee (or Chief Executive Officer, if applicable) shall be final and binding. 

 

			
	 Date:
                    
	  	  

		  	«First_Name» «Last_Name»

  
 Page 6 of 6 

 PERRIGO COMPANY 

RESTRICTED STOCK UNIT AWARD AGREEMENT 

(SERVICE-BASED) 
 (Under the
Perrigo Company 2013 Long-Term Incentive Plan) 
  

	TO:	«First_Name» «Last_Name» 

  

	RE:	Notice of Restricted Stock Unit Award (Service-Based) 

 This is to notify you that
Perrigo Company (the “Company”) has granted you an Award under the Perrigo Company 2013 Long-Term Incentive Plan (the “Plan”), effective as of
                        (the “Grant Date”). This Award consists of service-based restricted stock units. The terms and
conditions of this incentive are set forth in the remainder of this agreement (the “Agreement”). The capitalized terms that are not otherwise defined in this Agreement shall have the meanings ascribed to such terms under the Plan. 

SECTION 1 

Restricted Stock Units – Service-Based Vesting 

1.1 Grant. As of the Grant Date, and subject to the terms and conditions of this Agreement and the Plan, the Company grants you
«Number_of_restricted_stock units» (“Restricted Stock Units”). Each Restricted Stock Unit shall entitle you to one share of Common Stock on the applicable RSU Vesting Date, provided the vesting conditions described in
Section 1.2 are satisfied. 
 1.2 Vesting. Except as provided in Section 1.3, the Restricted Stock Units awarded in
Section 1.1 shall vest on the fourth anniversary of the Grant Date (“RSU Vesting Date”) provided that you continue in the service of the Company from the Grant Date through the applicable RSU Vesting Date. 

Except as provided in Section 1.3, if your Termination Date occurs prior to the RSU Vesting Date, any Restricted Stock Units awarded
under Section 1.1 that have not previously vested as of such Termination Date shall be permanently forfeited on your Termination Date. 

1.3 Special Vesting Rules. Notwithstanding Section 1.2 above: 

(a) If your Termination Date occurs by reason of death, Disability or Retirement with the Company’s consent, any Restricted Stock Units
awarded under Section 1.1 that have not vested prior to such Termination Date shall become fully vested. 
 (b) If your Termination Date
occurs by reason of an Involuntary Termination for Economic Reasons, any Restricted Stock Units awarded under Section 1.1 that would otherwise be scheduled to vest under Section 1.2 in the 24-month period following such Termination Date
shall continue to vest during such 24-month period according to the vesting schedule in effect prior to such Termination Date. Any Restricted Stock Units that are not scheduled to vest during such 24-month period will be permanently forfeited on the
Termination Date. 

  
 Page 1 of 6 

 (c) In the event of a Change in Control (as defined in the Plan and as such definition may be
amended hereafter) while you are employed by or otherwise providing service to the Company, all Restricted Stock Units awarded under Section 1.1 that have not vested or been forfeited prior to the date of such Change in Control shall become
fully vested on such date. 
 1.4 Settlement of Restricted Stock Units. As soon as practicable after the RSU Vesting Date, the
Company shall transfer to Employee one share of Common Stock for each Restricted Stock Unit becoming vested on such date (the date of any such transfer shall be the “settlement date” for purposes of this Agreement); provided, however, the
Company may withhold shares otherwise transferable to the Employee to the extent necessary to satisfy withholding taxes due by reason of the vesting of the Restricted Stock Units, in accordance with Section 2.6. The Employee shall have no
rights as a stockholder with respect to the Restricted Stock Units awarded hereunder prior to the date of issuance to Employee of a certificate or certificates for such shares. Notwithstanding the foregoing, the Committee, in its sole discretion,
may elect to settle Restricted Stock Units in cash based on the fair market value of the Common Stock on the RSU Vesting Date. 
 1.5
Dividend Equivalents. The Restricted Stock Units awarded under Section 1.1 shall be eligible to receive dividend equivalents in accordance with the following: 

(a) An “Account” will be established in the Employee’s name. Such Account shall be for recordkeeping purposes only, and no
assets or other amounts shall be set aside from the Company’s general assets with respect to such Account. 
 (b) On each date that a
cash dividend is paid with respect to shares of Common Stock, the Company shall credit the Employee’s Account with the dollar amount of dividends the Employee would have received if each Restricted Stock Unit held by the Employee on the record
date for such dividend payment had been a share of Common Stock. No interest or other earnings shall accrue on such Account. 
 (c) As of
each RSU Vesting Date, the Employee shall receive a payment equal to the amount of dividends that would have been paid on the Restricted Stock Units vesting on such date had they been shares of Common Stock during the period beginning on the Grant
Date and ending on the RSU Vesting Date, and the Account shall be debited appropriately. If the Employee forfeits Restricted Stock Units, any amounts in the Account attributable to such Restricted Stock Units shall also be forfeited. 

(d) If dividends are paid in the form of shares of Common Stock rather than cash, then the Employee will be credited with one additional
Restricted Stock Unit for each share of Common Stock that would have been received as a dividend had the Employee’s outstanding Restricted Stock Units been shares of Common Stock. Such additional Restricted Stock Units shall vest or be
forfeited at the same time as the Restricted Stock Unit to which they relate. 

  
 Page 2 of 6 

 SECTION 2 

General Terms and Conditions 

2.1 Nontransferability. The Award under this Agreement shall not be transferable other than by will or by the laws of descent and
distribution. 
 2.2 No Rights as a Stockholder. You shall not have any rights as a stockholder with respect to any shares of Common
Stock subject to the RSU awarded under this Agreement prior to the date of issuance to you of a certificate or certificates for such shares. 

2.3 Cause Termination. If your Termination Date occurs for reasons of Cause, all of your rights under this Agreement, whether or not
vested, shall terminate immediately. 
 2.4 Award Subject to Plan. The granting of the Award under this Agreement is being made
pursuant to the Plan and the Award shall be payable only in accordance with the applicable terms of the Plan. The Plan contains certain definitions, restrictions, limitations and other terms and conditions all of which shall be applicable to this
Agreement. ALL THE PROVISIONS OF THE PLAN ARE INCORPORATED HEREIN BY REFERENCE AND ARE MADE A PART OF THIS AGREEMENT IN THE SAME MANNER AS IF EACH AND EVERY SUCH PROVISION WERE FULLY WRITTEN INTO THIS AGREEMENT. Should the Plan become void or
unenforceable by operation of law or judicial decision, this Agreement shall have no force or effect. Nothing set forth in this Agreement is intended, nor shall any of its provisions be construed, to limit or exclude any definition, restriction,
limitation or other term or condition of the Plan as is relevant to this Agreement and as may be specifically applied to it by the Committee. In the event of a conflict in the provisions of this Agreement and the Plan, as a rule of construction the
terms of the Plan shall be deemed superior and apply. 
 2.5 Adjustments in Event of Change in Common Stock. In the event of a stock
split, stock dividend, recapitalization, reclassification or combination of shares, merger, sale of assets or similar event, the number and kind of shares subject to Award under this Agreement will be appropriately adjusted in an equitable manner to
prevent dilution or enlargement of the rights granted to or available for you. 
 2.6 Withholding. This Award is subject to the
withholding of all applicable taxes. The Company may withhold, or permit you to remit to the Company, any Federal, state or local taxes applicable to the grant, vesting or other event giving rise to tax liability with respect to this Award. If you
have not remitted the full amount of applicable withholding taxes to the Company by the date the Company is required to pay such withholding to the appropriate taxing authority (or such earlier date that the Company may specify to assist it in
timely meeting its withholding obligations), the Company shall have the unilateral right to withhold Common Stock relating to this Award in the amount it determines is sufficient to satisfy the minimum tax withholding required by law.
State taxes will be withheld at the appropriate rate set by the state in which you are employed or were last employed by the Company. You may elect to surrender previously acquired Common Stock or to have the Company withhold Common Stock relating
to this Award in an amount sufficient to satisfy all or a portion of the minimum tax withholding required by law. 

  
 Page 3 of 6 

 2.7 Compliance with Applicable Law. Notwithstanding any other provision of this Agreement,
the Company shall have no obligation to issue any shares of Common Stock under this Agreement if such issuance would violate any applicable law or any applicable regulation or requirement of any securities exchange or similar entity. 

2.8 Code Section 409A. 

(a) Restricted Stock Units other than Restricted Stock Units that continue to vest by reason of your Involuntary Termination for Economic
Reasons and dividend equivalents payable under this Agreement are intended to be exempt from Code Section 409A under the exemption for short-term deferrals. Accordingly, Restricted Stock Units (other than Restricted Stock Units that continue to
vest by reason of your Involuntary Termination for Economic Reasons) will be settled and dividend equivalents will be paid no later than the 15th day of the third month following the later of
(i) the end of your taxable year in which the RSU Vesting Date occurs, or (ii) the end of the fiscal year of the Company in which the RSU Vesting Date occurs. 

(b) Restricted Stock Units that continue to vest by reason of your Involuntary Termination for Economic Reasons are subject to the provisions
of this subsection (b). Any distribution in settlement of such Restricted Stock Units will occur provided your Involuntary Termination for Economic Reasons constitutes a “separation from service” as defined in Treasury Regulation
§1.409A-1(h). If the Company determines that you are a “specified employee” as defined in Code Section 409A (i.e., an officer with annual compensation above $130,000 (as adjusted for inflation), a five-percent owner of the
Company or a one-percent owner with annual compensation in excess of $150,000), distribution in settlement of any such Restricted Stock Units that would be payable within six months of your separation from service shall be delayed to the first
business day following the six-month anniversary of your separation from service. Any distribution in settlement of such Restricted Stock Units that would be made more than six months after your separation from service (without application of the
six-month delay) shall not be subject to the six-month delay described in this subsection. 
 2.9 Data Privacy. By entering into this
Agreement and accepting this Award, you (a) explicitly and unambiguously consent to the collection, use and transfer, in electronic or other form, of any of your personal data that is necessary to facilitate the implementation, administration
and management of the Award and the Plan, (b) understand that the Company may, for the purpose of implementing, administering and managing the Plan, hold certain personal information about you, including, but not limited to, your name, home
address and telephone number, date of birth, social insurance number or other identification number, salary, nationality, job title, and details of all awards or entitlements to Shares granted to you under the Plan or otherwise (“Data”),
(c) understand that Data may be transferred to any third parties assisting in the implementation, administration and management of the Plan, including any broker with whom the Shares issued upon vesting of the Award may be deposited, and that
these recipients may be located in your country or elsewhere, and that the recipient’s country may have different data privacy laws and protections than your country, (d) waive any data privacy rights you may have with respect to the data,
and (e) authorize the Company, its subsidiaries and its agents, to store and transmit such information in electronic form. 

  
 Page 4 of 6 

 2.10 Successors and Assigns. This Agreement shall be binding upon any or all successors
and assigns of the Company. 
 2.11 Applicable Law. This Agreement shall be governed by and construed and enforced in accordance with
the internal laws of the State of Michigan without regard to principals of conflict of laws. Any proceeding related to or arising out of this Agreement shall be commenced, prosecuted or continued in the Circuit Court in Kent County, Michigan located
in Grand Rapids, Michigan or in the United Stated District Court for the Western District of Michigan, and in any appellate court thereof. 

2.12 Forfeiture of RSUs. If the Company, as a result of misconduct, is required to prepare an accounting restatement due to material
noncompliance with any financial reporting requirement under the securities laws, then (a) if your incentive or equity-based compensation is subject to automatic forfeiture due to such misconduct and restatement under Section 304 of the
Sarbanes-Oxley Act of 2002, or (b) the Committee determines you either knowingly engaged in or failed to prevent the misconduct, or your actions or inactions with respect to the misconduct and restatement constituted gross negligence, you shall
(i) be required to reimburse the Company the amount of any payment (including dividend equivalents) relating to any RSUs earned or accrued during the twelve month period following the first public issuance or filing with the SEC (whichever
first occurred) of the financial document embodying such financial reporting requirement, and (ii) all outstanding RSUs (including related dividend equivalents) that have not yet been settled shall be immediately forfeited. In addition, Common
Stock acquired under this Agreement, and any gains or profits on the sale of such Common Stock, shall be subject to any “clawback” or recoupment policy later adopted by the Company. 

**** 
 We look forward to your
continuing contribution to the growth of the Company. Please acknowledge your receipt of the Plan and this Award. 
  

			
		  	Very truly yours,
		
		  	 Judy L. Brown
 Executive Vice
President & Chief Financial Officer

  
 Page 5 of 6 

 ACKNOWLEDGMENT OF RECEIPT 

I acknowledge receipt of the Perrigo Company 2013 Long-Term Incentive Plan (the “Plan”). I further acknowledge receipt of this
Agreement and agree to the terms and conditions expressed herein and in the Plan. I further agree that all decisions and determinations of the Committee (or Chief Executive Officer, if applicable) shall be final and binding. 

 

			
	 Date:
                    
	  	  

		  	«First_Name» «Last_Name»

  
 Page 6 of 6 

 PERRIGO COMPANY 

RESTRICTED STOCK UNIT AWARD AGREEMENT 

(SERVICE-BASED) 
 (Under the
Perrigo Company 2013 Long-Term Incentive Plan) 
  

	TO:	«First_Name» «Last_Name» 

  

	RE:	Notice of Restricted Stock Unit Award (Service-Based) 

 This is to notify you that
Perrigo Company (the “Company”) has granted you an Award under the Perrigo Company 2013 Long-Term Incentive Plan (the “Plan”), effective as of             (the
“Grant Date”). This Award consists of service-based restricted stock units. The terms and conditions of this incentive are set forth in the remainder of this agreement (the “Agreement”). The capitalized terms that are not
otherwise defined in this Agreement shall have the meanings ascribed to such terms under the Plan. 
 SECTION 1 

Restricted Stock Units – Service-Based Vesting 

1.1 Grant. As of the Grant Date, and subject to the terms and conditions of this Agreement and the Plan, the Company grants you
«Number_of_restricted_stock units» (“Restricted Stock Units”). Each Restricted Stock Unit shall entitle you to one Share on the applicable RSU Vesting Date, provided the vesting conditions described in Section 1.2 are
satisfied. 
 1.2 Vesting. Except as provided in Section 1.3, the Restricted Stock Units awarded hereunder shall vest on the
first anniversary of the Grant Date (“RSU Vesting Date”) provided that you have continuously provided services to the Company from the Grant Date through the RSU Vesting Date. 

Except as provided in Section 1.3, if your Termination Date occurs prior to the RSU Vesting Date, any Restricted Stock Units awarded
under this Agreement that have not previously vested as of such Termination Date shall be permanently forfeited on your Termination Date. 

1.3 Special Vesting Rules. Notwithstanding Section 1.2 above: 

(a) If your Termination Date occurs by reason of death, Disability or Retirement, with the Company’s consent, any Restricted Stock Units
awarded under this Agreement that have not vested prior to such Termination Date shall become fully vested. 
 (b) In the event of a Change
in Control (as defined in the Plan and as such definition may be amended hereafter) while you are providing services to the Company, all Restricted Stock Units awarded under this Agreement that have not vested or been forfeited prior to the date of
such Change in Control shall become fully vested on such date. 

  
 Page 1 of 5 

 1.4 Settlement of Restricted Stock Units. As soon as practicable after the RSU Vesting
Date, the Company shall transfer to you one Share for each Restricted Stock Unit becoming vested on such date (the date of any such transfer shall be the “settlement date” for purposes of this Agreement); provided, however, the Company may
withhold Shares otherwise transferable to the extent necessary to satisfy withholding taxes due by reason of the vesting of the Restricted Stock Units, in accordance with Section 2.6. You shall have no rights as a stockholder with respect to
the Restricted Stock Units awarded hereunder prior to the date of issuance to you of a certificate or certificates for such Shares. Notwithstanding the foregoing, the Committee, in its sole discretion, may elect to settle Restricted Stock Units in
cash based on the fair market value of the Common Stock on the RSU Vesting Date. 
 1.5 Dividend Equivalents. The Restricted Stock
Units awarded under Section 1.1 shall be eligible to receive dividend equivalents in accordance with the following: 
 (a) An
“Account” will be established in your name. Such Account shall be for recordkeeping purposes only, and no assets or other amounts shall be set aside from the Company’s general assets with respect to such Account. 

(b) On each date that a cash dividend is paid with respect to Shares, the Company shall credit the Account with the dollar amount of dividends
you would have received if each Restricted Stock Unit held by you on the record date for such dividend payment had been a Share. No interest or other earnings shall accrue on such Account. 

(c) As of each RSU Vesting Date, you shall receive a payment equal to the amount of dividends that would have been paid on the Restricted Stock
Units vesting on such date had they been Shares during the period beginning on the Grant Date and ending on the RSU Vesting Date, and the Account shall be debited appropriately. If you forfeit Restricted Stock Units, any amounts in the Account
attributable to such Restricted Stock Units shall also be forfeited. 
 (d) If dividends are paid in the form of Shares rather than cash, you
will be credited with one additional Restricted Stock Unit for each Share that would have been received as a dividend had your outstanding Restricted Stock Units been Shares. Such additional Restricted Stock Units shall vest or be forfeited at the
same time as the Restricted Stock Unit to which they relate. 
 SECTION 2 

General Terms And Conditions 

2.1 Nontransferability. The Award under this Agreement shall not be transferable other than by will or by the laws of descent and
distribution. 
 2.2 No Rights as a Stockholder. You shall not have any rights as a stockholder with respect to any Shares subject to
the RSU awarded under this Agreement prior to the date of issuance to you of a certificate or certificates for such Shares. 

  
 Page 2 of 5 

 2.3 Cause Termination. If your Termination Date occurs for reasons of Cause, all of your
rights under this Agreement, whether or not vested, shall terminate immediately. 
 2.4 Award Subject to Plan. The granting of the
Award under this Agreement is being made pursuant to the Plan and the Award shall be payable only in accordance with the applicable terms of the Plan. The Plan contains certain definitions, restrictions, limitations and other terms and conditions
all of which shall be applicable to this Agreement. ALL THE PROVISIONS OF THE PLAN ARE INCORPORATED HEREIN BY REFERENCE AND ARE MADE A PART OF THIS AGREEMENT IN THE SAME MANNER AS IF EACH AND EVERY SUCH PROVISION WERE FULLY WRITTEN INTO THIS
AGREEMENT. Should the Plan become void or unenforceable by operation of law or judicial decision, this Agreement shall have no force or effect. Nothing set forth in this Agreement is intended, nor shall any of its provisions be construed, to
limit or exclude any definition, restriction, limitation or other term or condition of the Plan as is relevant to this Agreement and as may be specifically applied to it by the Committee. In the event of a conflict in the provisions of this
Agreement and the Plan, as a rule of construction the terms of the Plan shall be deemed superior and apply. 
 2.5 Adjustments in Event
of Change in Common Stock. In the event of a stock split, stock dividend, recapitalization, reclassification or combination of shares, merger, sale of assets or similar event, the number and kind of shares subject to the Award under this
Agreement will be appropriately adjusted in an equitable manner to prevent dilution or enlargement of the rights granted to or available for you. 

2.6 Withholding. This Award is subject to the withholding of all applicable taxes. The Company may withhold, or permit you to remit to
the Company, any Federal, state or local taxes applicable to the grant, vesting or other event giving rise to tax liability with respect to this Award. If you have not remitted the full amount of applicable withholding taxes to the Company by the
date the Company is required to pay such withholding to the appropriate taxing authority (or such earlier date that the Company may specify to assist it in timely meeting its withholding obligations), the Company shall have the unilateral right to
withhold Common Stock relating to this Award in the amount it determines is sufficient to satisfy the minimum tax withholding required by law. State taxes will be withheld at the appropriate rate set by the applicable state. You may elect to
surrender previously acquired Common Stock or to have the Company withhold Common Stock relating to this Award in an amount sufficient to satisfy all or a portion of the minimum tax withholding required by law. 

2.7 Compliance with Applicable Law. Notwithstanding any other provision of this Agreement, the Company shall have no obligation to
issue any Shares under this Agreement if such issuance would violate any applicable law or any applicable regulation or requirement of any securities exchange or similar entity. 

2.8 Code Section 409A. Restricted Stock Units and dividend equivalents payable under this Agreement are intended to be exempt from
Code Section 409A under the exemption for short-term deferrals. Accordingly, Restricted Stock Units will be settled and dividend equivalents will be paid no later than the 15th day of the third month following the later of (i) the end of
your taxable year in which the RSU Vesting Date occurs, or (ii) the end of the fiscal year of the Company in which the RSU Vesting Date occurs. 

  
 Page 3 of 5 

 2.9 Data Privacy. By entering into this Agreement and accepting this Award, you
(a) explicitly and unambiguously consent to the collection, use and transfer, in electronic or other form, of any of your personal data that is necessary to facilitate the implementation, administration and management of the Award and the Plan,
(b) understand that the Company may, for the purpose of implementing, administering and managing the Plan, hold certain personal information about you, including, but not limited to, your name, home address and telephone number, date of birth,
social insurance number or other identification number, salary, nationality, job title, and details of all awards or entitlements to Shares granted to you under the Plan or otherwise (“Data”), (c) understand that Data may be
transferred to any third parties assisting in the implementation, administration and management of the Plan, including any broker with whom the Shares issued upon vesting of the Award may be deposited, and that these recipients may be located in
your country or elsewhere, and that the recipient’s country may have different data privacy laws and protections than your country, (d) waive any data privacy rights you may have with respect to the data, and (e) authorize the
Company, its subsidiaries and its agents, to store and transmit such information in electronic form. 
 2.10 Successors and Assigns.
This Agreement shall be binding upon any or all successors and assigns of the Company. 
 2.11 Applicable Law. This Agreement shall
be governed by and construed and enforced in accordance with the internal laws of the State of Michigan without regard to principals of conflict of laws. Any proceeding related to or arising out of this Agreement shall be commenced, prosecuted or
continued in the Circuit Court in Kent County, Michigan located in Grand Rapids, Michigan or in the United States District Court for the Western District of Michigan, and in any appellate court thereof. 

**** 
 We look forward to your
continuing contribution to the growth of the Company. Please acknowledge your receipt of the Plan and this Award on the enclosed copy of this Agreement, and return it to us. 
  

					
		 		 	Very truly yours,
		 		 	
	  
 Date
	 		 	  
 Joseph C. Papa

President & Chief Executive Officer

  
 Page 4 of 5 

 ACKNOWLEDGMENT OF RECEIPT 

I acknowledge receipt of the Perrigo Company 2013 Long-Term Incentive Plan (the “Plan”). I further acknowledge receipt of this
Agreement and agree to the terms and conditions expressed herein and in the Plan. I further agree that all decisions and determinations of the Committee shall be final and binding. 

 

			
	Date:
                                    	  	  

		  	«First_Name» «Last_Name»

  
 Page 5 of 5EX-10.3

 Exhibit 10.3 

PERRIGO COMPANY 
 U.S.
SEVERANCE POLICY 
 ARTICLE I 

INTRODUCTION 

Perrigo Company (the “Company”) hereby establishes the Perrigo Company U.S. Severance Policy (the “Policy”), effective
December 1, 2013, for the benefit of certain “Eligible Employees” of the Company and certain Affiliates specified by the Company. The Policy is intended to apply to United States based “Employees,” as described herein. The
Policy shall be binding on any successor to all or substantially all of the Company’s assets or business. Except as otherwise provided herein, the Policy supersedes any prior formal or informal severance plans, programs or policies of the
Company or its Affiliates covering Eligible Employees. 
 ARTICLE II 

DEFINITIONS 
 2.1
“Act” means the Irish Companies Act 1963, as amended from time to time. References to any provision of the Act shall be deemed to include successor provisions thereto and regulations thereunder. 

2.2 “Affiliate” means any member of the group of corporations, trades or businesses or other organizations comprising the
“controlled group” with Perrigo Company under Code Section 414. 
 2.3 “Cause” means, as determined by the
Administrator in its sole discretion: 
  

	 	(a)	The commission of an act which, if proven in a court of law, would constitute a felony violation under applicable criminal laws; 

  

	 	(b)	A breach of any material duty or obligation imposed upon the Employee by the Company; 

  

	 	(c)	Divulging the Company’s confidential information, or breaching or causing the breach of any confidentiality agreement to which the Employee or Company is a party; 

 

	 	(d)	Engaging or assisting others to engage in business in competition with the Company; 

  

	 	(e)	Refusal to follow a lawful order of the Employee’s superior or other conduct which the Administrator determines to represent insubordination on the part of the Participant; or 

 

	 	(f)	Other conduct by the Employee which the Administrator, in its discretion, deems to be sufficiently injurious to the interests of the Company to constitute cause. 

 2.4 “Change in Control” means: 

 

	 	(a)	The consummation of a merger or consolidation of Perrigo Company plc with or into another entity or any other corporate reorganization, if more than fifty percent (50%) of the combined voting power of the
continuing or surviving entity’s issued shares or securities outstanding immediately after such merger, consolidation or other reorganization is owned by persons who were not shareholders of Perrigo Company plc immediately prior to such merger,
consolidation or other reorganization; 

  

	 	(b)	The sale, transfer or other disposition of all or substantially all of the assets of Perrigo Company plc; 

  

	 	(c)	Individuals who as of the effective date of the Policy constitute the Board of Directors of Perrigo Company plc (the “Incumbent Directors”) cease for any reason, including, without limitation, as a result of a
tender offer, proxy contest, merger or similar transaction, to constitute at least a majority of the Board of Directors of Perrigo Company plc; provided, however, that any individual who becomes a director of Perrigo plc subsequent the above date
shall be considered an Incumbent Director if such person’s election or nomination for election was approved by a vote of at least a majority of the Incumbent Directors; but, provided further that any such person whose initial assumption of
office is in connection with an actual or threatened solicitation of proxies or consents by or on behalf of a person other than the Board of Directors of Perrigo Company plc, including by reason of agreement intended to avoid or settle any such
actual or threatened contest or solicitation, shall not be considered an Incumbent Director; 

  

	 	(d)	A transaction as a result of which a person or company obtains the ownership directly or indirectly of the ordinary shares in Perrigo Company plc carrying more than fifty percent (50%) of the total voting power
represented by Perrigo Company plc’s issued share capital in pursuance of a compromise or arrangement sanctioned by the court under section 201 of the Act or becomes bound or entitled to acquire ordinary shares in Perrigo Company plc under
section 204 of the Act; or 

  

	 	(e)	Any transaction as a result of which any person becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of Perrigo plc representing at least
fifty percent (50%) of the total voting power represented by Perrigo Company plc’s then outstanding voting securities (e.g., issued shares). For purposes of this subsection (e), the term “person” shall have the same meaning as
when used in sections 13(d) and 14(d) of the Exchange Act but shall exclude (i) a trustee or other fiduciary holding securities under an employee benefit plan of Perrigo Company plc or of any subsidiary of Perrigo Company plc, and (ii) a
company owned directly or indirectly by the shareholders of Perrigo Company plc in substantially the same proportions as their ownership of the ordinary shares of Perrigo Company plc. 

  
 2 

	 	(f)	Notwithstanding the foregoing, in the case of any amounts payable under the Policy that constitute deferred compensation subject to Code Section 409A, the definition of “Change in Control” set forth above
shall not apply, and the term “Change in Control” shall instead mean a “change in the ownership or effective control” of Perrigo Company plc or “in the ownership of a substantial portion of the assets” of Perrigo
Company plc within the meaning of Code Section 409A(a)(2)(A)(v) and the regulations and guidance issued thereunder, but only to the extent this substitute definition is necessary in order for the payments to comply with the requirements
prescribed by Code Section 409A. 

 2.5 “Code” means the Internal Revenue Code of 1986, as amended. 

2.6 “Company” means Perrigo Company, an indirect wholly-owned subsidiary of Perrigo Company plc. 

2.7 “Comparable Position” means a position either with the Company or any of its Affiliates or with a successor or transferee
of all or a part of the business of the Company or Affiliate, on terms which do not cause a Significant Reduction in Scope or Base Compensation and do not entail a Relocation. The Administrator, in its sole discretion, will determine whether a
position is a Comparable Position. 
 2.8 “Confidential Information” means trade secrets and other propriety information of
an Employer or any Affiliate. Such information includes, but is not limited to, internal financial information, marketing plans, customer and dealer data, names or lists of suppliers, new product plans, inventions, pending patent applications,
product styles, manufacturing data and information, technical improvements, processes, methods, formulas, drawings, photographs, systems, machine readable records, flow charts, source decks, models, compilations, lists of employees, organization
charts, computer software, databases, strategic plans, pricing information and customer lists. If an Eligible Employee entered into a separate confidentiality or proprietary rights agreement with an Employer or any Affiliate, the term
“Confidential Information” for purposes of this Policy shall have the meaning ascribed to any such term or concept as it is defined under, or used in, the separate agreement. 

2.9 “Eligible Employee” means each Employee who is not (i) covered by a written employment agreement that contains a
severance provision, or covered by a written severance agreement (for the duration of that agreement); (ii) classified as “temporary,” including without limitation, anyone classified as an “intern” or “co-op”;
(iii) a consultant; (iv) a “leased employee” as defined in Code Section 414(n); or (v) a person performing services for an Employer on a contract basis or as an independent contractor or consultant or through a purchase
order, supplier agreement or any other form of agreement that the Employer enters into for services, regardless of whether any of the above such individuals set forth in (iii), (iv) or (v) are subsequently determined by the Internal
Revenue Service, the U.S. Department of Labor or a court to be Employees. 
 2.10 “Employee” means any employee of an
Employer who is regularly scheduled to work thirty-five (35) hours or more per calendar week for the Employer. 

  
 3 

 2.11 “Employer” means the Company and each U.S. Affiliate of the Company. 

2.12 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

2.13 “Involuntary Termination” means a termination of an Eligible Employee’s employment by the Employer due to a business
condition, as determined in the sole discretion of the Employer. The term Involuntary Termination shall include (i) a termination effective when the Eligible Employee exhausts a leave of absence during, or at the end of, a WARN Notice Period,
and (ii) a situation where an Eligible Employee on an approved leave of absence during which the Employee’s position is protected under applicable law (e.g., a leave under the Family Medical Leave Act), returns from such leave, and cannot
be placed in employment with the Employer. An Eligible Employee’s termination for Cause shall not constitute an “Involuntary Termination” that entitles him/her to receive severance pay or severance benefits under the Policy. 

2.14 “Policy” means the Perrigo Company U.S. Severance Policy, as set forth herein and as it may be amended from time to time.

 2.15 Relocation” means a material change in the geographic location at which the Eligible Employee is required to perform
services. Such change in an Eligible Employee’s primary job site will be considered material if (i) for Eligible Employees other than field-based sales representatives (or similar field-based positions), the new location increases the
Eligible Employee’s commute between home and primary job site by at least thirty (30) miles, or (ii) in the Company’s reasonable opinion, the new location requires that the Eligible Employee move his/her home to a new location at
least thirty (30) miles away from the Eligible Employee’s home immediately prior to the change. 
 2.16 “Severance
Date” means the final day of employment with the Employer which date shall be communicated in writing by the Employer to the Employee. 

2.17 “Significant Reduction in Scope or Base Compensation” means a material diminution in the Eligible Employee’s
authority, duties, or responsibilities or a material diminution in the Eligible Employee’s base compensation. The Administrator, in its sole discretion, shall determine whether an Eligible Employee experiences a “Significant
Reduction.” 
 2.18 “Triggering Event” means an Involuntary Termination, Relocation or Significant Reduction in Scope
or Base Compensation. 
 2.19 “WARN Act” means the Worker Adjustment and Retraining Notification Act. 

2.20 “WARN Notice Date” means the date the Employer is required to notify an Eligible Employee pursuant to the WARN Act or
similar state law that he/she is to be terminated from employment with the Employer in conjunction with a “plant closing” or “mass layoff” as described in the WARN Act or similar state law. 

2.21 “WARN Notice Period” means the sixty (60) consecutive calendar day period, or other applicable period under similar
state law, commencing on an Eligible Employee’s WARN Notice Date. 

  
 4 

 2.22 “Week of Pay” shall be determined based on the Eligible Employee’s
status as a salaried or hourly Employee. If the Eligible Employee is a salaried Employee, Week of Pay shall be the Eligible Employee’s regular weekly base salary compensation rate in effect on his/her Severance Date. If the Eligible Employee is
an hourly Employee, Week of Pay shall be the Eligible Employee’s regular hourly base compensation rate multiplied by his/her regularly scheduled number of hours worked per week in effect on his/her Severance Date. 

2.23 “Years of Service” shall be determined in accordance with the Employer’s personnel records. An Eligible Employee
shall receive credit for a Year of Service for each twelve (12) month period of active service with the Employer. For partial years of employment, the Eligible Employee shall receive credit for a full Year of Service if he/she completes at
least six (6) full months of active service. If an Eligible Employee has not completed at least six (6) full months of active service during a partial year, he/she shall not receive credit for a Year of Service. 

ARTICLE III 

ELIGIBILITY 
 3.1
Conditions of Eligibility. To be eligible for benefits as described in Article V, the Eligible Employee must (i) remain an Employee through the Severance Date, (ii) through the Severance Date, fulfill the normal responsibilities of
his/her position, including meeting regular attendance, workload and other standards of the Employer, as applicable, and (iii) submit the signed Waiver and Release Agreement required by the Administrator on, or within forty-five (45) days
after, his/her Severance Date or receipt of the Waiver and Release Agreement (whichever occurs later) and not revoke the signed Waiver and Release Agreement. In addition, in the event of a Relocation or a Significant Reduction in Scope or Base
Compensation, the Eligible Employee must provide his/her Employer with written notice within ninety (90) days after the occurrence of such event. The Employer shall then have thirty (30) days to cure such event. 

3.2 Conditions of Ineligibility. An otherwise Eligible Employee shall not receive severance pay or severance benefits under the Policy
if: 
  

	 	(a)	the Employee ceases to be an Eligible Employee as defined by the Policy; 

  

	 	(b)	the Employee terminates employment with the Employer by reason of death; 

  

	 	(c)	the Employee terminates employment with the Employer for Cause as defined in Section 2.3; 

  

	 	(d)	the Employee terminates employment with the Employer through job abandonment; 

  

	 	(e)	other than as set forth in Section 2.14(ii), the individual is no longer an Employee and is receiving long-term disability benefits from the Employer (as determined under the applicable Employer long-term
disability plan) as of the date the Triggering Event would have occurred had the individual been an Employee on such date; 

  
 5 

	 	(f)	the Employee is employed in an operation, division, department or facility, that is sold, leased or otherwise transferred, in whole or in part, from an Employer, and the Employee accepts any position with the new
owner/operator, or the Employee is offered a Comparable Position by the new owner/operator; 

  

	 	(g)	the Employee gives notice of his/her voluntary termination (other than as provided in Section 2.18) prior to his/her Severance Date or the effective date of a sale, lease or transfer of an operation, division,
department or facility, as described in Section 3.2(f), regardless of the effective date of such termination; 

  

	 	(h)	the Employee ceases working with the Employer and receives severance benefits under the terms of another group reorganization/restructuring benefit Policy or severance program sponsored by the Employer;

  

	 	(i)	the Employee is offered a Comparable Position from an Employer, or accepts any position with an Employer, even if it is not a Comparable Position; 

 

	 	(j)	the Employee experiences a Triggering Event after the Policy is terminated; 

  

	 	(k)	the Employee does not timely execute and return to the Administrator a valid Waiver and Release Agreement; 

  

	 	(l)	the Employee works primarily in an office located in a country other than the United States and is entitled to severance benefits under the laws of such country or the policies of the company at which he/she is based
and such severance benefits may not be waived; or 

  

	 	(m)	the Employee is offered a Comparable Position by, or accepts any position with, an employer with which the Company or any of its Affiliates has reached an agreement or arrangement under which the employer agrees to
offer employment to the otherwise Eligible Employee. 

 The foregoing list of conditions is intended to be illustrative and
may not be all inclusive; the Administrator will determine in the Administrator’s sole discretion whether an Eligible Employee is eligible for severance pay and severance benefits under the Policy. 

ARTICLE IV 

PAY AND BENEFITS IN LIEU OF WARN NOTICE 

4.1 Wage Payments. If an Eligible Employee is entitled to advance notice of a “plant closing” or a “mass layoff”
under the WARN Act or similar state law, but experiences a Triggering Event before the end of a WARN Notice Period, the Eligible Employee shall be entitled to receive pay until the end of the WARN Notice Period as if he/she were still employed
through such date. The pay under this Section 4.1 will be issued according to the normal payroll practices of the Employer and shall not be subject to the Waiver and Release Agreement. 

  
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 4.2 Benefits. An Eligible Employee described in Section 4.1 shall be entitled to
benefits under Employer-sponsored medical, dental and vision benefit plans, as amended from time to time, through the end of the WARN Notice Period on the same terms and under the same conditions as applied to the Eligible Employee immediately prior
to the Triggering Event. The benefits under this Section 4.2 are not subject to the Waiver and Release Agreement. 
 ARTICLE V

 SEVERANCE PAY AND SEVERANCE BENEFITS 

5.1 Generally. In exchange for providing the Employer with an enforceable Waiver and Release Agreement, in a form acceptable to the
Administrator, an Eligible Employee who terminates employment on account of a Triggering Event shall be eligible to receive severance pay and severance benefits as described below, subject to the terms of the Policy. The consideration for the
voluntary Waiver and Release Agreement shall be the severance pay and severance benefits the Eligible Employee would not otherwise be eligible to receive. 

5.2 Amount of Severance Pay. Severance pay shall be determined in accordance with the table below based on the Eligible Employee’s
“Band” classification. The Band applicable to any Eligible Employee shall be determined by the Administrator, in its sole discretion, based on the Eligible Employee’s job position relative to the job grading system in place for the
applicable Employer. 
  

							
	 Employment
Classification
	  	 Minimum

(Weeks of Pay)
	  	 Calculation

(by Years of Service)
	  	 Maximum

(Weeks of Pay)

	CEO Direct Reports	  	52	  	N/A	  	52
				
	 VPs & Directors

(Bands A & B)
	  	16	  	If credited with more than 5 Years of Service, the severance pay shall be the sum of (i) the minimum Weeks of Pay, plus (ii) two weeks of pay for each Year of Service, up to the maximum Weeks of Pay.	  	52
				
	 Managers

(Band C)
	  	12	  	If credited with more than 5 Years of Service, the severance pay shall be the sum of (i) the minimum Weeks of Pay, plus (ii) two weeks of pay for each Year of Service, up to the maximum Weeks of Pay.	  	52
				
	 Professionals

(Bands D & E)
	  	8	  	If credited with more than 5 Years of Service, the severance pay shall be the sum of (i) the minimum Weeks of Pay, plus (ii) two weeks of pay for each Year of Service, up to the maximum Weeks of Pay.	  	52
				
	Support Functions	  	6	  	If credited with more than 5 Years of Service, the severance pay shall be the sum of (i) the minimum Weeks of Pay, plus (ii) one week of pay for each Year of Service, up to the maximum Weeks of Pay.	  	52

  
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 Severance will be paid for the number of weeks determined under the above table in equal
installments at regularly scheduled payroll intervals, provided the Eligible Employee has executed and submitted a Waiver and Release Agreement and the period during which the Employee is entitled to revoke the Waiver and Release Agreement has
expired, with any such severance payments to commence on the sixtieth (60) day following the Severance Date. Any severance payable to the Eligible Employee for the period following his/her Severance Date and the date payments commence shall be
paid in a lump sum at the time installment payments commence. In the sole discretion of the Administrator, severance may be paid in a lump sum within sixty (60) days following the Eligible Employee’s Severance Date, provided the Eligible
Employee has executed and submitted a Waiver and Release Agreement and the period during which the Employee is entitled to revoke the Waiver and Release Agreement has expired. All legally required taxes and any sums owed the Employer shall be
deducted from Policy severance pay. 
 Severance paid in installments on regularly scheduled payroll dates will continue to be payable upon
the death of a former Eligible Employee who was receiving severance payments at the time of death. The remaining payments will be made in a lump sum to the estate of the former Eligible Employee as soon as possible following death, but in no event
later than two (2) years following termination of employment. 
 If an Employer reemploys an Eligible Employee who is receiving or has
received severance pay and benefits under the Policy, the individual shall become ineligible and such pay and benefits shall cease effective as of the reemployment date. Further, the former Eligible Employee must repay the portion of the severance
pay attributable to the period that begins on the date the Eligible Employee was reemployed. If the Administrator, in its sole discretion, determines that the former Eligible Employee’s services address a critical business need, then the
Administrator may provide that no such repayment is required. 
 5.3 Severance Benefits. 

(a) Medical, Dental and Vision Benefits Coverage Continuation. Under federal health care continuation coverage law
(“COBRA”), the Eligible Employee who is receiving health care coverage under an Employer-sponsored plan is entitled to elect health care continuation coverage under the applicable Employer health plan if his/her employment
terminates for certain reasons. Any of the Triggering Events would qualify the Eligible Employee to receive such continuation coverage, subject to the terms of the applicable health plan and governing law. If an Eligible Employee experiences a
Triggering Event before his/her WARN Notice Period (if applicable) expires, his/her COBRA rights begin when the WARN Notice Period expires. 

  
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 If an Eligible Employee elects to exercise his/her applicable COBRA continuation rights under an
Employer health plan, for the period of time during which the individual receives severance pay under Section 5.2, the Employer shall pay the full monthly COBRA premium on behalf of the Eligible Employee and his/her eligible covered dependents.
For the balance of the Benefit Continuation Period, if any, the Eligible Employee will be required to pay the full monthly COBRA premium. The Employer will reimburse the Eligible Employee for the full cost of the COBRA premiums paid during the
balance of the Benefit Continuation Period, less the amount that would apply if he/she were participating in the applicable Employer health plan as an active employee. Any partial month will be rounded up to the next whole month. 

All of the terms and conditions of Employer-sponsored medical, dental and vision benefit plans, as amended from time to time, shall be
applicable to an Eligible Employee (and his/her eligible dependents, if applicable) participating in any form of continuation coverage under such Employer-sponsored medical, dental and vision benefit plans. This Policy is not to be interpreted to
expand an Eligible Employee’s health care continuation rights under COBRA. 
 (b) Severance Bonus. An Eligible Employee who, in
the absence of an Involuntary Termination, would have been eligible to receive a bonus under any bonus plan or policy of the Employer or any Affiliate, shall receive a severance bonus pro-rated for the actual bonus payout to be paid at the regularly
scheduled annual bonus payment date. Such pro-rated severance bonus shall be paid at the same time that annual bonuses are generally payable under any such bonus plan or policy of the Employer or any Affiliate. 

(c) Long-Term Incentives. Long-term incentive payments shall be payable in accordance with the terms of any long-term incentive plan
applicable to an Eligible Employee. 
 (d) Career Transition Assistance. A career transition assistance firm selected by the
Administrator and paid for by an Employer shall provide career transition assistance as determined by the Administrator. An Eligible Employee must begin the available career transition assistance services within sixty (60) days following
his/her Severance Date. 
 ARTICLE VI 

WAIVER AND RELEASE AGREEMENT 

In order to receive the severance pay and severance benefits available under the Policy, an Eligible Employee must submit a signed
Waiver and Release Agreement form to the Administrator on or within forty-five (45) days after his/her Severance Date or receipt of the Waiver and Release Agreement, whichever occurs later. The required Waiver and Release Agreement shall be in
such form as the Administrator shall prescribe, in its sole discretion. An Eligible Employee may revoke his/her signed Waiver and Release Agreement within seven (7) days of his/her signing the Waiver and Release Agreement. Notwithstanding any
provision of this Policy to the contrary, in no event shall the timing of the Eligible Employee’s execution of the Waiver and Release Agreement, directly or indirectly, result in the Eligible Employee designating the calendar year of any
severance payment, and if a payment that is subject to 

  
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execution of the Waiver and Release Agreement could be made in more than one taxable year, payment shall be made in the later taxable year. Any such revocation must be made in writing and must be
received by the Administrator within such seven (7) day period. An Eligible Employee who timely revokes his/her Waiver and Release Agreement shall not be eligible to receive any severance pay or severance benefits under the Policy. Eligible
Employees shall be advised to contact their personal attorney at their own expense to review the Waiver and Release Agreement form if they so desire. 

ARTICLE VII 

ADMINISTRATOR 
 The
Company, or any committee or individual as may be designated by the Company, shall administer the Policy (the “Administrator”). The Administrator may delegate to other persons responsibilities for performing certain of the duties of the
Administrator under the terms of the Policy. The Administrator shall have full power and discretionary authority to determine eligibility for Policy severance pay and severance benefits and to construe the terms of the Policy, including, but not
limited to, the making of factual determinations, the determination of all questions concerning benefits and procedures for claim review and the resolution of all other questions arising under the Policy. Severance pay and severance benefits under
the Policy will be payable only if the Administrator determines in its discretion that the Eligible Employee is entitled to them. The decisions of the Administrator shall be final and conclusive with respect to all questions concerning the
administration of this Policy. In no event shall an Eligible Employee or any other person be entitled to challenge a decision of the Administrator in court or in any other administrative proceeding unless and until the claim and appeals procedures
established under this Policy have been complied with and exhausted. In the event of a group termination, as determined in the sole discretion of the Administrator, the Administrator shall furnish affected Eligible Employees with such additional
information as may be required by law. 
 ARTICLE VIII  

CLAIMS FOR SEVERANCE BENEFITS 

8.1 Claim for Benefits. It is not necessary that an Eligible Employee apply for severance pay and severance benefits under the Policy.
However, if an Eligible Employee wishes to file a claim for severance pay and severance benefits, such claim must be in writing and filed with the Administrator. If the Eligible Employee does not provide all the necessary information for the
Administrator to process the claim, the Administrator may request additional information and set deadlines for the Eligible Employee to provide that information. The Administrator will review a claim, and will make a determination of the claim and
provide notice of that determination generally within ninety (90) days of the date the written claim is submitted to the Administrator, unless an extension of up to ninety (90) days is necessary. Within the ninety (90) or one-hundred
eighty (180) day time period, the Administrator will accept or deny the claim completely or partially and notify the claimant of acceptance or denial of the claim. 

8.2 Benefits Review. If the claim is completely or partially denied, the Administrator will furnish a written or electronic notice to
the claimant that specifies the reasons for the denial, refers to the Policy provisions on which the denial is based, describes any additional information that must be provided by the claimant in order to support the claim, explains why the
information is necessary, and explains the appeal procedures under the Policy. 

  
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 8.3 Appeal Procedures. A claimant may appeal the denial of his/her claim and request the
Administrator reconsider the decision. The claimant or the claimant’s authorized representative may: (a) appeal by written request to the Administrator not later than sixty (60) days after receipt of notice from the Administrator
denying his/her claim; (b) review or receive copies or any documents, records or other information relevant to the claimant’s claim; and (c) submit written comments, documents, records and other information relating to his/her claim.
In deciding a claimant’s appeal, the Administrator shall take into account all comments, documents, records and other information submitted by the claimant relating to the claim. If the claimant does not provide all the necessary information
for the Administrator to decide the appeal, the Administrator may request additional information and set deadlines for the claimant to provide that information. 

The Administrator will make a decision with respect to such an appeal generally within sixty (60) days after receiving the written
request for such appeal or, in special circumstances, within one-hundred twenty (120) days after receiving the written request for such appeal. The claimant will be advised of the Administrator’s decision on the appeal in writing or
electronically. The notice will include the reasons for the decision, references to Policy provisions upon which the decision on the appeal is based, and a statement that the claimant is entitled to receive, upon request, reasonable access to, and
copies of, all documents, records or other information relevant to the claimant’s claim. In no event shall a claimant or any other person be entitled to challenge a decision of the Administrator in court or in any other administrative
proceeding unless and until the claim and appeal procedures described above have been complied with and exhausted. No legal action may be brought more than six (6) months following the Administrator’s final determination. 

ARTICLE IX 

AMENDMENT/TERMINATION/VESTING 

Eligible Employees do not have any vested right to severance pay and/or severance benefits under the Policy and the Company reserves the
right, in its sole discretion, to amend or to terminate the Policy at any time. 
 ARTICLE X 

CONFIDENTIAL INFORMATION/COOPERATION 

Recognizing that the disclosure or improper use of Confidential Information will cause serious and irreparable injury to an Employer, Eligible
Employees with such access acknowledge that (i) they will not at any time, directly or indirectly, disclose Confidential Information to any third party or otherwise use such Confidential Information for their own benefit or the benefit of
others and (ii) in addition to any other remedy permissible by law, payment of severance pay and severance benefits under the Policy shall cease if an Eligible Employee discloses or improperly uses such Confidential Information. Any Eligible
Employee subject to an individual confidentiality agreement or proprietary rights agreement with an Employer or any Affiliate will be deemed to violate the terms of this Article if he/she violates the terms of the individual confidentiality
agreement or proprietary rights agreement. 

  
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 Subject to the terms of the Waiver and Release Agreement, each Eligible Employee shall cooperate
with any Employer and its legal counsel in connection with any current or future investigation or litigation relating to any matter to which the Eligible Employee was involved or of which the Eligible Employee has knowledge or which occurred during
the Eligible Employee’s employment. Such assistance shall include, but not be limited to, depositions and testimony and shall continue until such matters are resolved. In addition, an Eligible Employee shall not in any way disparage any
Employer nor any person associated with an Employer to any person, corporation, or other entity. 
 ARTICLE XI 

MISCELLANEOUS PROVISIONS 

11.1 Return of Property. In order for an Eligible Employee to commence receiving severance pay and severance benefits under the Policy,
(i) he/she shall be required to return all Employer property (including, but not limited to, Confidential Information, client lists, keys, credit cards, documents and records, identification cards, equipment, laptop computers, software, and
pagers), and (ii) repay any outstanding bills, advances, debts, amounts due to an Employer, as of his/her Severance Date. To the extent the Eligible Employee has any Employer property stored electronically (including, but not limited to, in the
form of email) on his/her personal computer, in a personal email account, on a personal storage device, or otherwise, such Eligible Employee shall promptly provide copies of all such information to the Employer and thereafter permanently delete or
otherwise destroy the Eligible Employee’s personal copy. 
 All pay and other benefits (except Policy severance pay and severance
benefits) payable to an Eligible Employee as of his/her Severance Date according to the established policies, plans, and procedures of the Employer shall be paid in accordance with the terms of those established policies, plans and procedures. In
addition, any benefit continuation or conversion rights which an Eligible Employee has as of his/her Severance Date according to the established policies, plans, and procedures of the Employer shall be made available to him/her. 

11.2 No Assignment. Severance pay and severance benefits payable under the Policy shall not be subject to anticipation, alienation,
pledge, sale, transfer, assignment, garnishment, attachment, execution, encumbrance, levy, lien, or charge, and any attempt to cause such severance pay and severance benefits to be so subjected shall not be recognized, except to the extent required
by law. 
 11.3 Code Section 409A Compliance. It is the Company’s intent that amounts paid under the Policy shall not
constitute “deferred compensation” as defined under Code Section 409A and the regulations promulgated thereunder because the amounts paid under this Policy are structured to comply with the “short-term deferral” exception to
Code Section 409A or the “severance pay” exception to Code Section 409A. However, if any amount paid under this Policy is determined to be “deferred compensation” within the meaning of Code Section 409A and
compliance with one or more of the provisions of this Policy causes or results in a violation of Code Section 409A, then such provision shall be interpreted or reformed in the manner 

  
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necessary to achieve compliance with Code Section 409A, including, but not limited to, the imposition of a six (6) month delay in payment to any “specified employee” (as
defined in Code Section 409A) following such specified employee’s date of termination which entitles him/her to a payment under this Policy. All payments to be made upon a termination of employment under this Policy may only be made upon a
“separation from service” as defined under Code Section 409A. In no event shall the timing of an Eligible Employee’s execution of a Waiver and Release Agreement, directly or indirectly, result in the Eligible Employee designating
the calendar year of any severance payment, and if a payment that is subject to execution of the Waiver and Release Agreement could be made in more than one taxable year, payment shall be made in the later taxable year. For purposes of Code
Section 409A, the right to installment payments of severance shall be treated as the right to a series of separate payments. 
 11.4
Representations Contrary To The Policy. No employee, officer, or director of an Employer has the authority to alter, vary, or modify the terms of the Policy except by means of an authorized written amendment to the Policy. No verbal or
written representations contrary to the terms of the Policy and its written amendments shall be binding upon the Policy, the Administrator, or an Employer. 

11.5 No Employment Rights. This Policy shall not confer employment rights upon any person. No person shall be entitled, by virtue of the
Policy, to remain in the employ of an Employer and nothing in the Policy shall restrict the right of an Employer to terminate the employment of any Eligible Employee or other person at any time. 

11.6 Policy Funding. No Eligible Employee shall acquire by reason of the Policy any right in or title to any assets, funds, or property
of the Employer. Any severance pay, which becomes payable under the Policy is an unfunded obligation and shall be paid from the general assets of the Company. No employee, officer, director or agent of the Employer personally guarantees in any
manner the payment of Policy severance pay and severance benefits. 
 11.7 Applicable Law. This Policy shall be governed and construed
in accordance with the laws of the State of Michigan without regard to its conflicts of law provisions. 
 11.8 Severability. If any
provision of the Policy is found, held or deemed by a court of competent jurisdiction to be void, unlawful or unenforceable under any applicable statute or other controlling law, the remainder of the Policy shall continue in full force and effect.

 11.9 Recovery Of Payments Made By Mistake. An Eligible Employee shall be required to return to the Company any severance pay
payment and any severance benefits payment, or portion thereof, made by a mistake, including but not limited to, any mistake of fact or law. 

  
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