Document:

exv10w4

Exhibit 10.4

Privileged and Confidential

RETIREMENT BENEFIT AGREEMENT

     This Amended Retirement Benefit Agreement (the “Agreement”) is entered into as of the
31st day of August, 2009 (the “Effective Date”) by and between:

Mylan Inc., a Pennsylvania corporation, with offices located at 1500 Corporate Drive,
Canonsburg, PA 15317 (hereinafter referred to as “Mylan” or “Company”).

and

Rajiv Malik, an executive officer of Mylan (hereinafter referred to as “Executive”).

WHEREAS, Executive performs valuable services for the Company; and

     WHEREAS, in recognition of his continuing service to Mylan, the Company wishes to provide
Executive with financial assistance with respect to certain retirement and death;

     WITNESSETH THEREFORE that in consideration of the additional benefits provided for hereunder,
the premises and covenants set forth herein, and other good and valuable consideration, the
sufficiency of which is hereby acknowledged, the Company and Executive, intending to be legally
bound, agree as follows:

I. DEFINITIONS

     Whenever used in the Agreement the following terms shall be defined as follows:

	 	(a)	 	“At-Will” shall mean with respect to the period of
Executive’s employment with Mylan or any subsidiary thereof, that the Company
is under no obligation to continue to employ Executive for any period of time,
and can terminate his employment at any time without notice, subject to
certain statutory and regulatory requirements, and if applicable, any
contractual rights Executive may have; and that Executive is under no
obligation to remain employed by the Company or any subsidiary thereof.
	 
	 	(b)	 	“Board” shall mean the Board of Directors of the Company.
	 
	 	(c)	 	“Change in Control” shall mean:

	 	(1)	 	The acquisition by any individual, entity
or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the
Exchange Act) (a “Person”) of beneficial ownership
(within the meaning of Rule 13d-3 promulgated under the Exchange
Act or any successor provision) of 20% or more of either (A) the
then-outstanding shares of common stock of the Company (the
“Outstanding Company Common

 

 

	 	 	 	Stock”) or (B) the combined voting
power of the then-outstanding voting securities of the Company
entitled to vote generally in the election of directors (the
“Outstanding Company Voting Securities”); provided, however, that
the following acquisitions shall not constitute a Change in
Control: (i) any acquisition directly from the Company or any of
its subsidiaries, (ii) any acquisition by the Company or any of
its subsidiaries, (iii) any acquisition by any employee benefit
plan (or related trust) sponsored or maintained by the Company or
any subsidiary thereof, (iv) any acquisition by a Person that is
permitted to, and actually does, report its beneficial ownership
on Schedule 13G (or any successor schedule); provided that, if any
Person subsequently becomes required to or does report its
beneficial ownership on Schedule 13D (or any successor schedule),
then, for purposes of this paragraph, such Person shall be deemed
to have first acquired, on the first date on which such Person
becomes required to or does so report, beneficial ownership of all
of the Outstanding Company Common Stock and Outstanding Company
Voting Securities beneficially owned by it on such date or (v) any
acquisition pursuant to a transaction that complies with (3)(A),
(3)(B) and (3)(C) below; or

	 	(2)	 	Individuals who, as of Effective Date,
constitute the Board (the “Incumbent Board”) cease for any reason to
constitute at least a majority of the Board; provided, however, that
any individual becoming a director subsequent to the date hereof
whose election, or nomination for election by the Company’s
shareholders, was approved by a vote of at least two-thirds of the
directors then comprising the Incumbent Board shall be considered as
though such individual were a member of the Incumbent Board;
provided, however, the term “Incumbent Board” as used in this
Agreement shall not include any individual whose initial assumption
of office occurs as a result of or an actual or threatened election
contest with respect to the election or removal of directors or other
actual or threatened solicitation of proxies or consents by or on
behalf of a Person other than the Board; or
	 
	 	(3)	 	Consummation of a reorganization, merger,
statutory share exchange or consolidation or similar corporate
transaction
involving the Company or any of its subsidiaries, a sale or other
disposition of all or substantially all of the assets of the
Company, or the acquisition of assets or stock of another entity
by the Company or any of its subsidiaries

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	 	 	 	(each, a “Business
Combination”), in each case unless, following such Business
Combination, (A) the Outstanding Company Common Stock and the
Outstanding Company Voting Securities immediately prior to such
Business Combination continue to represent (either by remaining
outstanding or being converted into voting securities of the
resulting or surviving entity or any parent thereof) more than 50%
of the then-outstanding shares of common stock and the combined
voting power of the then-outstanding voting securities entitled to
vote generally in the election of directors, as the case may be,
of the corporation resulting from such Business Combination
(including, without limitation, a corporation that, as a result of
such transaction, owns the Company or all or substantially all of
the Company’s assets either directly or through one or more
subsidiaries), (B) no Person (excluding any employee benefit plan
(or related trust) of the Company or such corporation resulting
from such Business Combination) beneficially owns, directly or
indirectly, 20% or more of, respectively, the then-outstanding
 shares of common stock of the corporation resulting from such
Business Combination or the combined voting power of the
then-outstanding voting securities of such corporation, except to
the extent that such ownership existed prior to the Business
Combination, and (C) individuals who comprise the Incumbent Board
immediately prior to such Business Combination constitute at least
a majority of the members of the board of directors of the
corporation resulting from such Business Combination (including,
without limitation, a corporation that, as a result of such
transaction, owns the Company or all or substantially of the
Company’s assets either directly or through one or more
subsidiaries); or

	 	(4)	 	Approval by the shareholders of the Company
of a complete liquidation or dissolution of the Company.

	 	(d)	 	“Code” shall mean the Internal Revenue Code of 1986, as
amended.
	 
	 	(e)	 	“Exchange Act” shall mean the Securities Exchange Act of
1934, as amended.
	 
	 	(f)	 	“Mylan” or “Company” shall mean Mylan Inc. or any Successor
thereof.
	 
	 	(g)	 	“NPV” shall mean the sum of the present value at any given
time of the monthly benefits to be paid, using a discount rate equal to

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	 	 	 	the long-term applicable federal rate then in effect (determined under Section
1274(d) of the Code), compounded semiannually. For purposes of determining NPV
of Executive’s Retirement Benefit (or Partial Retirement Benefit) where
Executive Retires prior to attaining age 55, it shall be assumed that
Executive’s Retirement Benefit (or Partial Retirement Benefit) would have
commenced at the date on which Executive would have attained age 55, and the
NPV of such Retirement Benefit (or Partial Retirement Benefit) shall equal the
present value of such Benefit at age 55 discounted back to the Executive’s
actual age at Retirement using the rate prescribed in the preceding sentence.
Executive’s age at Retirement for purposes of this Agreement shall be
Executive’s age at his nearest birthday.

	 	(h)	 	“Party” or “Parties” shall mean the Company or Executive, or
both the Company and Executive depending upon which term is required by the
context in which it is used.

	 	(i)	 	“Retire” or “Retirement” shall mean (i) prior to a Change of
Control, the date on which Executive’s employment with the Company is
terminated without Cause or for Good Reason (in either case pursuant to and
as defined in the Executive Employment by and between the Company and the
Executive dated January 31, 2007, as amended (as the same may be amended or
superseded)); or (ii) following a Change of Control or the Full Vesting Date,
the date of which Executive’s employment with the Company is terminated for
any reason other than the death of Executive.

	 	(j)	 	“Successor” shall mean any person, partnership, limited
partnership, joint-venture, corporation, trust or any other entity or
organization who, subsequent to the Effective Date, comes into possession of
or acquires, either directly or indirectly, all or substantially all of the
Company’s business, assets or voting stock, or the right to direct the
business activities and practices of the Company.

II. RETIREMENT

	 	2.1	 	Upon his Retirement from the Company after completion of at least ten
continuous years of service (the “Full Vesting Date”), Executive shall receive the NPV
of an annual retirement benefit equal to fifteen percent
(15%) of the sum of (i) his then-current annual base salary and (ii) his target
annual bonus, for a period of fifteen (15) years (the “Retirement Benefit”), paid
in accordance with Section 2.6 of this Agreement; provided, however, that if
Executive Retires on or after the completion of at least five years of continuous
service and prior to the Full Vesting Date,

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	 	 	 	Executive shall be entitled to receive the NPV of a portion of the Retirement Benefit determined as follows (“Partial
Retirement Benefit”) and paid in accordance with Section 2.6 of this Agreement:

	 	(a)	 	If such termination occurs on or after five years of
continuous service but prior to six years of continuous service, 50% of the
Retirement Benefit;
	 
	 	(b)	 	If such termination occurs on or after six years of
continuous service but prior to seven years of continuous service, 60% of the
Retirement Benefit;
	 
	 	(c)	 	If such termination occurs on or after seven years of
continuous service but prior to eight years of continuous service, 70% of the
Retirement Benefit;
	 
	 	(d)	 	If such termination occurs on or eight years of continuous
service but prior to nine years of continuous service, 80% of the Retirement
Benefit;
	 
	 	(e)	 	If such termination occurs on or after nine years of
continuous service but prior to the Full Vesting Date, 90% of the Retirement
Benefit;

	 	 	 	If Executive Retires in connection with a termination without Cause or for Good
Reason, in either case pursuant to and as defined in the Transition and Succession
Agreement by and between the Company and the Executive dated January 31, 2007, as
amended (as the same may be amended or superseded), then Executive shall be
credited with additional years of service for purposes of vesting under this
Section 2.1 equal to the relevant multiplier applied for purposes of computing such
severance benefits.

	 	2.2	 	The Retirement Benefit shall also become fully vested upon the occurrence of
a Change in Control prior to the Full Vesting Date if Executive is employed by the
Company or any subsidiary thereof immediately prior to the date upon which the Change
in Control occurs.
	 
	 	2.3	 	Should Executive become unable to perform the material and substantial duties
of his position prior to the Full Vesting Date by reason of a mental
or physical incapacity, then, subject to receipt of the determination made pursuant
to Section 2.4, Executive shall be fully vested in his Retirement Benefit. The
date of receipt of such determination shall be considered the date on which the
Retirement Benefit becomes fully vested.

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	 	2.4	 	The certification of a licensed physician selected by the Company as to
Executive’s inability to perform the material and substantial duties of his position
shall be conclusive with respect to his status regarding the application of Section
2.3 hereof.
	 
	 	2.5	 	Should Executive die while employed by the Company or any subsidiary thereof,
Executive shall be fully vested in his Retirement Benefit, subject to Article III
hereof.
	 
	 	2.6	 	Within ten days following Executive’s Retirement, Executive’s Retirement
Benefit or Partial Retirement Benefit, as the case may be, shall be paid to Executive
in a lump sum payment equal to the NPV of the Retirement Benefit or Partial Retirement
Benefit, as the case may be. Notwithstanding the above, if required by Section 409A
of the Code to avoid the imposition of additional taxes, such payment shall be made on
the date that is six months following the date of Retirement.

III. DEATH BENEFIT

If, while employed by the Company or any subsidiary thereof, Executive dies prior to
Retirement, the Company shall pay Executive’s beneficiary, in a lump sum, the greater of
(i) two times his then current base salary or (ii) the NPV of the Retirement Benefit (but
not both).

IV. CHANGE IN CONTROL

	 	4.1	 	If Executive’s Retirement Benefit becomes vested as a result of a Change in
Control pursuant to Section 2.2 hereof, then upon Executive’s Retirement on or after
such Change in Control, Executive’s Retirement Benefit shall be paid to Executive in a
lump sum payment equal to the NPV of the Full Retirement Benefit. Subject to Article
X, such lump sum payment shall be paid to Executive as soon as practicable following
Retirement.
	 
	 	4.2	 	Upon the occurrence of a Change in Control, Articles VII (Consulting
Services) and VIII (Eligibility for Payment) hereof shall no longer be of any force
and effect.

V. SUCCESSORSHIP

	 	 	This Agreement in its entirety shall be binding upon and enforceable against the Company
and its Successors.

VI. EXECUTIVE CONDUCT WITH RESPECT TO COMPETITORS

	 	6.1	 	Executive agrees that he will not for a one year period commencing on the
date of his Retirement, without the prior written consent of the Company, directly or
indirectly, whether as an employee, officer, director,

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	 	 	 	independent contractor,
consultant, stockholder, partner or otherwise, engage in or assist others to engage in
or have any interest in any business which competes with the Company in any geographic
area in which the Company markets or has marketed its products during the year
preceding Retirement; provided, however, that Executive shall not be subject to this
Article VI, if after the occurrence of a Change in Control, the Company refuses, fails
or disputes any payments to be made to Executive hereunder, whether or not Executive
subsequently receives the payments contemplated by this Agreement.

	 	6.2	 	Notwithstanding anything to the contrary set forth elsewhere herein, stock
ownership in a competing business shall not be a breach of this Agreement, provided
such stock is traded on a national exchange.
	 
	 	6.3	 	The Parties agree and acknowledge that the time, scope and geographic area
and other provisions of this Agreement have been specifically negotiated by the
Parties, and Executive specifically hereby agrees that such time, scope and geographic
area and other provisions are reasonable under these circumstances. Executive further
agrees that if, despite the express agreement of the Parties to this Agreement, a
court should hold any portion of this Agreement unenforceable for any reason, the
maximum restrictions of time, scope and geographic area reasonable under the
circumstances, as determined by the court, will be substituted for the restrictions
herein which such court may find to be unreasonable or unenforceable.
	 
	 	6.4	 	The Parties acknowledge that the breach of Section 6.1 will be such that the
Company will not have an adequate remedy at law because the rights of the Company
under this Agreement are of a specialized and unique character, and that immediate and
irreparable damage will result to the Company if Executive breaches his obligations
under Section 6.1. The Company may, in addition to any other remedies and damages
available, seek an injunction to restrain any such breach. Executive represents and
warrants that his expertise and capabilities are such that his obligations under
Section 6.1 will not prevent him from earning a living.

VII. CONSULTING SERVICES

	 	7.1	 	During the five (5) year period beginning on the day following Executive’s
Retirement he shall, at the request of the Company, act in the capacity of a
consultant for the Company, performing such services as may be consistent with those
performed by him during Executive’s
employment. These services may be designated by the Board, or its authorized
representative, and shall be reasonable in scope duration and frequency. In no
case shall Executive be required to devote in excess of twenty (20) hours a month
to the provision of consulting services hereunder; provided,
further, that the level of consulting services provided

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	 	 	 	by Executive to the
Company shall be not more than 20% of the average level of services provided by
Executive to the Company over the 36-month period preceding Executive’s Retirement.

	 	7.2	 	The Company shall pay Executive for such consulting services an hourly rate
to be determined by the Parties at such time, but not less than the rate of five
hundred dollars ($500) per hour, payable monthly.
	 
	 	7.3	 	In addition to the foregoing, the Company shall reimburse Executive monthly
for any and all out-of-pocket expenses incurred by Executive directly for the benefit
of the business of the Company.

VIII. ELIGIBILITY FOR PAYMENT

	 	8.1	 	Any and all payments due hereunder may be denied if not already begun, or
terminated if they have begun, if in the Company’s sole judgment Executive is either
not eligible for such payments, or once such payments have begun is found to be or
found to have been ineligible.
	 
	 	8.2	 	Executive shall not be eligible for any payments hereunder if the Company, in
its sole discretion, finds that during or subsequent to his employment with the
Company he:

	 	(a)	 	breaches, or has breached any term, provision or obligation
enumerated herein;
	 
	 	(b)	 	committed any act by commission or omission which materially
and substantially adversely affects the Company’s business or reputation; or
	 
	 	(c)	 	is convicted of any violation of the Federal Food, Drug and
Cosmetic Act, or the violation of any other statute of material relevance to
the Company’s business.

	 	8.3	 	Should Executive be paid any benefits hereunder and thereafter be found
ineligible, or to have been ineligible, he must return to the Company that portion of
the benefit paid to him for the period of his ineligibility.

IX. NO PROMISE OF CONTINUED EMPLOYMENT

	 	 	Executive acknowledges his employment with the Company is AT-WILL.

X. CONDITIONS TO PAYMENT AND ACCELERATION; SECTION 409A OF THE CODE

	 	The intent of the parties is that payments and benefits under this Agreement comply with
Section 409A of the Code to the extent subject thereto, and, accordingly, to the maximum
extent permitted, this Agreement shall be

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	 	 	 	interpreted and administered to be in compliance
therewith. Notwithstanding anything contained herein to the contrary, to the extent
required in order to avoid accelerated taxation and/or tax penalties under Section 409A of
the Code, Executive shall not be considered to have terminated employment with the Company
for purposes of this Agreement and no payments shall be due to Executive under this
Agreement until Executive would be considered to have incurred a “separation from service”
from the Company within the meaning of Section 409A of the Code. For purposes of this
Agreement, each amount to be paid or benefit to be provided shall be construed as a
separate identified payment for purposes of Section 409A of the Code, and any payments
described in this Agreement that are due within the “short term deferral period” within the
meaning of Section 409A of the Code shall not be treated as deferred compensation unless
applicable law requires otherwise. To the extent required in order to avoid accelerated
taxation and/or tax penalties under Section 409A of the Code, amounts that would otherwise
be payable and benefits that would otherwise be provided pursuant to this Agreement during
the six-month period immediately following Executive’s termination of employment shall
instead be paid on the first business day after the date that is six months following
Executive’s termination of employment (or death, if earlier). To the extent required to
avoid an accelerated or additional tax under Section 409A of the Code, amounts reimbursable
to Executive under this Agreement shall be paid to Executive on or before the last day of
the year following the year in which the expense was incurred and the amount of expenses
eligible for reimbursement (and in-kind benefits provided to Executive) during any one year
may not effect amounts reimbursable or provided in any subsequent year; provided,
however, that with respect to any reimbursements for any taxes which Executive
would become entitled to under the terms of the Agreement, the payment of such
reimbursements shall be made by the Company no later than the end of the calendar year
following the calendar year in which Executive remits the related taxes.

XI. RESTRICTION OF ALIENABILITY

	 	 	 	Benefits payable to Executive or beneficiary shall not be subject to assignment, transfer,
attachment, execution, garnishment, sequestration, or any other seizure under any legal or
equitable process, whether on account of Executive’s or beneficiary’s act or by operation
of the law.

XII. CONTRACT ADMINISTRATOR

	 	 	 	The Senior Vice President of Human Relations or other officer of Mylan designated by the
Compensation Committee of the Company is hereby named the
contract administrator for purposes of assuring compliance with the terms and conditions
set forth herein.

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XIII. MODIFICATION

	 	 	 	This Agreement may not be changed, amended or otherwise modified other than by a written
statement; provided, such statement is signed by both Parties, expresses their intent to
change the Agreement, and specifically describes such changes.

XIV. HEADINGS

	 	 	 	Except when referenced in the body of this Agreement article headings are set forth herein
for the purpose of convenience only. Such headings shall not be considered or otherwise
referred to when any question or issue arises with respect to the application or
interpretation of any term or condition set forth herein.

XV. COUNTERPARTS

	 	 	 	This Agreement may be executed in two or more counterparts, each of which is to be
considered an original, and taken together as one and the same document.

XVI. GOVERNING LAW

	 	 	 	Any an all actions between the Parties regarding the interpretation or application of any
term or provision set forth herein shall be governed by and interpreted in accordance with
the substantive laws, and not the law of conflicts, of the Commonwealth of Pennsylvania.
The Company and Executive each do hereby respectively consent and agree that the courts of
Commonwealth of Pennsylvania shall have jurisdiction, and venue shall properly lie with the
courts of Commonwealth of Pennsylvania, with respect to any and all actions brought
hereunder. The Company agrees to pay as incurred (within 10 days following the Company’s
receipt of an invoice from Executive), to the full extent permitted by law, all legal fees
and expenses that Executive may reasonably incur as a result of any contest or disagreement
(regardless of the outcome thereof) by the Company, Executive or others of the validity or
enforceability of, or liability under, any provision of this Agreement or any guarantee of
performance thereof (including as a result of any contest by Executive about the amount of
any payment pursuant to this Agreement), plus, in each case, interest on any delayed
payment at the applicable federal rate provided for in Section 7872(f)(2)(A) of the Code.
No obligation of the Company under this Agreement to pay Executive’s fees or expenses shall
in any manner confer upon the Company any right to select or approve any of the attorneys
or accountants engaged by Executive.

XVII. SINGULAR OR PLURAL

	 	 	 	The singular form of any noun or pronoun shall include the plural when the context in which
such word is used is such that it is apparent the singular is intended to include the
plural and vice versa.

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XVIII. ASSIGNMENT

	 	 	 	The Agreement may not be assigned by either Party, without the written authorization of the
other Party. A Successor shall not be considered an assignee for purposes of this Article.

XIX. ENTIRE AGREEMENT

	 	 	 	The terms and conditions set forth herein contain the entire agreement between the Company
and Executive, and supersede any and all prior agreements or understandings (whether
express or implied) between the Parties with respect to the matters set forth herein.

XX. SURVIVAL

	 	 	 	Except as otherwise provided herein, Articles VI and VII hereof shall survive any
expiration or termination of this Agreement.

XXI. TERM

	 	 	 	The term of this Agreement shall begin on the Effective Date and shall end on the date on
which Mylan makes the last payment to which it is obligated hereunder.

          
IN WITNESS of their agreement to the terms and conditions set forth herein the Company and
Executive have caused the following signatures to be affixed hereto, effective as of the date first
set forth above:

MYLAN INC.

	 	 	 	 	 
	By:

	 	/s/ Robert J. Coury
	 	/s/ Rajiv Malik
	 

	 	 
	 	 
	 

	 	Robert J. Coury
	 	Rajiv Malik
	 

	 	Chairman and CEO	 	 

11exv10w5

Exhibit 10.5

AGREEMENT

     This Agreement (“Agreement”) is made by and between Milan Puskar (“Mr. Puskar”) and Mylan Inc.
(the “Company”) (collectively referred to as the “Parties” or individually referred to as a
“Party”), as of September 22, 2009.

RECITALS

     WHEREAS, the Parties agree that Mr. Puskar will cease serving on the Board of Directors (the
“Board”) of the Company on or before September 30, 2009 (the “Separation Date”).

     WHEREAS, in light of Mr. Puskar’s extensive knowledge and expertise and his longstanding
association with the Company as an executive and a Board member, the Company desires to retain Mr.
Puskar in a consulting capacity in accordance with this Agreement.

     WHEREAS, in recognition of Mr. Puskar’s commitment and service to the Company and to establish
the terms for a consulting relationship, Mr. Puskar and the Company desire to set forth herein
their respective rights and obligations in connection with Mr. Puskar ceasing to serve on the Board
of the Company and in connection with his future consulting services.

     NOW, THEREFORE, in consideration of the mutual promises made herein and intending to be
legally bound hereby, the Company and Mr. Puskar hereby agree as follows:

COVENANTS

     1. Resignation from Board. Mr. Puskar shall cease serving on the Board on or before
the Separation Date.

     2. Consulting Services; Other Payments. Subject to compliance with all the terms of
this Agreement:

          (a) Consulting Fees. Mr. Puskar shall provide such consulting services to the Company
as the Chief Executive Officer of the Company shall reasonably request and at such times and at
such locations that are mutually agreeable to Mr. Puskar and the Company; provided,
however, that such consulting services to be provided by Mr. Puskar shall not unreasonably
interfere with Mr. Puskar’s other business and personal commitments. In exchange for providing
such consulting services during the Consulting Period, Mr. Puskar shall receive a payment of
$500,000 on the Separation Date and twelve additional monthly payments of $125,000, payable in
accordance with the Company’s normal payroll practices. Mr. Puskar is and shall be an independent
contractor with respect to the Company for all purposes. Nothing herein shall be deemed to create
an employer-employee relationship between the Company or any of its affiliates and Mr. Puskar.

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          (b) Retirement Benefit Agreement. The Company shall continue to pay to Mr. Puskar
amounts and provide to Mr. Puskar benefits owed to him by the Company under Articles III and V.A of
the Retirement Benefit Agreement entered into between the Parties, dated January 27, 1995, as
amended to date (the “Retirement Benefit Agreement”).

          (c) Continued Benefits. Following the Separation Date, Mr. Puskar and his dependents
shall continue to be eligible for coverage under the Company’s health plans in accordance with the
provisions of the Company’s Supplemental Health Insurance Program for Certain Officers of Mylan
Inc., as applicable to Mr. Puskar.

          (d) Equity. All long-term equity incentive awards (including restricted stock units
and stock options) granted to Mr. Puskar that are outstanding as of the Separation Date (“Eligible
Awards”) will become vested as of the Separation Date, (ii) any Eligible Award which is a stock
option shall remain outstanding and exercisable for the remainder of its term, and (iii) any
Eligible Award which is a restricted stock unit shall be settled in accordance with the terms of
the applicable award agreement.

          (e) Automobile. On or as soon as practicable following the Separation Date, the
Company shall transfer to Mr. Puskar (for no additional consideration) the title to the automobile
currently provided by the Company to Mr. Puskar for his use.

          (f) Administrative Assistance. From the date hereof through the Separation Date, the
Company shall continue to provide Mr. Puskar with the use of an office and administrative
assistance. Following the Separation Date, the Company shall provide up to 16 hours per week of
administrative assistance by a Company employee at Mr. Puskar’s home office in Morgantown, West
Virginia or such other location as is mutually agreed by the Parties.

     3. Payment of Fees and Receipt of All Benefits. Mr. Puskar acknowledges and
represents that, other than the consideration set forth in this Agreement, the Company has paid or
provided all fees, reimbursable expenses, and any and all other benefits and compensation due to
Mr. Puskar by the Company and its affiliates.

     4. Release of Claims. In exchange for the payments and benefits contained in Section
2(a), 2(d), and 2(e) of this Agreement, Mr. Puskar, on behalf of himself and his heirs, executors,
administrators, successors and assigns, hereby agrees to execute (and not revoke) the release of
claims attached to this Agreement as Schedule A (the “Release”) within five days following the
Separation Date (the date on which the release becomes irrevocable, the “Release Effective Date”).

     5. Cooperation. Prior to the Separation Date, Mr. Puskar will cooperate in full with
the Company to effect a smooth and effective transition to whomever will succeed Mr. Puskar. In
addition, Mr. Puskar hereby agrees that he will cooperate reasonably, at such times as do not
interfere materially with Mr. Puskar’s business or personal obligations, with any Releasees (as
defined in the Release) and/or their advisors in connection with any matter that could give rise to
any liability to a Releasee or their respective directors, officers or employees, including without
limitation the conduct of any inquiry, examination, audit, investigation, correspondence,

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negotiation, dispute, appeal or litigation. Such cooperation shall include without limitation
providing reasonable assistance to the directors, officers, employees and representatives of the
relevant Releasees during usual business hours, subject to provision of reasonable notice. The
Company shall reimburse Mr. Puskar for all reasonable expenses and costs related to providing such
assistance, subject to appropriate documentation thereof. Nothing in this provision is intended to
prohibit Mr. Puskar from providing complete and truthful testimony pursuant to any lawfully issued
subpoena, court order, discovery demand or similar legal process.

     6. Trade Secrets and Confidential Information/Company Property; Inquiries. Prior to
the Separation Date, Mr. Puskar will return all documents and other items provided to Mr. Puskar by
the Company, developed or obtained by Mr. Puskar in connection with his service to the Company, or
otherwise belonging to the Company, including but not limited to the personal computer(s),
Blackberry, and any and all documents or electronic files. Mr. Puskar further represents that he
has not misused or disclosed and will not misuse or disclose any of the Company’s confidential,
proprietary, or trade secret information to any unauthorized party. Furthermore, Mr. Puskar will
abide by Mylan’s external communication policy, such that in the event Mr. Puskar receives any
media, financial community or other third-party inquiries regarding the Company, he will not
respond (nor will he initiate any such contact) and will promptly notify the Company’s Global
Public Affairs Department at 724.514.1968 or gpa@mylan.com.

     7. No Cooperation. Mr. Puskar agrees that he will not knowingly encourage, counsel,
or assist any attorneys or their clients in the presentation or prosecution of any disputes,
differences, grievances, claims, charges, or complaints by any third party against any of the
Releasees, unless under a subpoena or other court order to do so or as otherwise required by law.
Mr. Puskar agrees both to immediately notify the Company upon receipt of any such subpoena or court
order, and to furnish, within three (3) business days of its receipt, a copy of such subpoena or
other court order. If approached by anyone for counsel or assistance in the presentation or
prosecution of any disputes, differences, grievances, claims, charges, or complaints against any of
the Releasees, Mr. Puskar shall state no more than that he cannot provide counsel or assistance.

     8. Non-disparagement. Unless compelled to testify as a matter of law, Mr. Puskar
agrees to refrain from any disparaging statements, including but not limited to statements that
amount to libel or slander, about the Company, its subsidiaries and affiliated companies, and/or
any of its or their employees, officers, or directors, and/or any of the other Releasees including,
without limitation, the business, products, intellectual property, financial standing, future, or
other employment, compensation, benefit, or personnel practices of the Company. Mr. Puskar further
agrees to refrain from any disparaging statements, including libel or slander, about any of the
Releasees that pertain to any personal or confidential matters that may cause embarrassment to any
of the Releasees, or may result in any adverse effect on the professional or personal reputation of
any of the Releasees. Unless compelled to testify as a matter of law, the Company agrees not to
permit its employees to make any disparaging statements about
Mr. Puskar; provided, however, that
Mr. Puskar acknowledges and agrees that the Company’s obligations
under this Paragraph extend only to the Company’s current senior executive officers and only
for so long as each of them is an employee of the Company.

Page 3 of 7

 

     9. Breach. The Company reserves all legal and equitable rights, remedies and causes
of action available to the Company to enforce the provisions of this Agreement. Mr. Puskar also
acknowledges and agrees that Mr. Puskar’s compliance with Sections 5 through 8 of this Agreement
and Section IX of the Retirement Benefit Agreement is of the essence. The Parties agree
that if the Company proves in a court of law or in arbitration that Mr. Puskar breached or will
breach any of these provisions, without limiting any other remedies available to the Company, the
Company shall be entitled to an injunction restraining Mr. Puskar from any future or further
breaches without regard to whether the Company can establish actual damages from Mr. Puskar’s
breach. Any such individual breach or disclosure shall not excuse Mr. Puskar from his obligations
hereunder, nor permit him to make additional disclosures.

     10. No Admission of Liability/Compromise. Mr. Puskar and the Company understand and
acknowledge that this Agreement constitutes a compromise and settlement of the Company’s position
on the one hand, and any and all actual or potential disputed claims by Mr. Puskar on the other.
No action taken by the Company or Mr. Puskar hereto, either previously or in connection with this
Agreement, shall be deemed or construed to be (a) an admission of the truth or falsity of any
actual or potential claims or (b) an acknowledgment or admission by the Company or Mr. Puskar of
any fault or liability.

     11. Costs. The Parties shall each bear their own costs, attorneys’ fees, and other
fees incurred in connection with the preparation of this Agreement.

     12. Choice of Law and Forum. This Agreement shall be construed and enforced according
to, and the rights and obligations of the parties shall be governed in all respects by, the laws of
the Commonwealth of Pennsylvania without reference to the principles of conflicts of law thereof.
Any controversy, dispute or claim arising out of or relating to this Agreement, or the breach
hereof, including a claim for injunctive relief, or any claim which, in any way arises out of or
relates to, Mr. Puskar’s service to the Company or the termination of said service (whether such
dispute arises under any federal, state or local statute or regulation, or at common law),
including but not limited to statutory claims for discrimination, shall be resolved by arbitration
in accordance with the then current rules of the American Arbitration Association respecting
employment disputes pertaining at the time the dispute arises, however, that either party may seek
an injunction in aid of arbitration with respect to enforcement of Sections 5 through 8 of this
Agreement or Section IX (Non-Competition) of the Retirement Benefit Agreement from any court of
competent jurisdiction. The Parties agree that the hearing of any such dispute will be held in
Pittsburgh, Pennsylvania, and the parties shall bear their own costs, expenses and counsel fees to
the extent permitted by law. The decision of the arbitrator(s) will be final and binding on all
parties and any award rendered shall be enforceable upon confirmation by a court of competent
jurisdiction. Any arbitration proceedings, decision or award rendered hereunder, and the validity,
effect and interpretation of this arbitration provision shall be governed by the Federal
Arbitration Act, 9 U.S.C. § 1 et seq. Mr. Puskar and the Company expressly consent to the
jurisdiction of any such arbitrator over them.

     13. Tax Consequences. The Company makes no representations or warranties with respect
to the tax consequences of the payments and any other consideration provided to Mr.

Page 4 of 7

 

Puskar or made on his behalf under the terms of this Agreement. Mr. Puskar agrees and understands that he is
responsible for payment, if any, of local, state, and/or federal taxes on the payments and any
other consideration provided hereunder by the Company and any penalties or assessments thereon.
Mr. Puskar further agrees to indemnify and hold the Company harmless from any claims, demands,
deficiencies, penalties, interest, assessments, executions, judgments, or recoveries by any
government agency against the Company for any amounts claimed due on account of (a) Mr. Puskar’s
failure to pay or delayed payment of federal or state taxes, or (b) damages sustained by the
Company by reason of any such claims, including attorneys’ fees and costs.

     14. Authority. The Company represents and warrants that the undersigned has the
authority to act on behalf of the Company and to bind the Company and all who may claim through it
to the terms and conditions of this Agreement. Mr. Puskar represents and warrants that he has the
capacity to act on his own behalf and on behalf of all who might claim through him to bind them to
the terms and conditions of this Agreement. Each Party warrants and represents that there are no
liens or claims of lien or assignments in law or equity or otherwise of or against any of the
claims or causes of action released herein.

     15. Severability. In the event that any provision or any portion of any provision
hereof or any surviving agreement made a part hereof becomes or is declared by a court of competent
jurisdiction or arbitrator to be illegal, unenforceable, or void, this Agreement shall continue in
full force and effect without said provision or portion of provision.

     16. Attorneys’ Fees. Except as otherwise prohibited by law, in the event that either
Party brings an action to enforce or effect its rights under this Agreement, the prevailing Party
shall be entitled to recover its costs and expenses, including the costs of mediation, arbitration,
litigation, court fees, and reasonable attorneys’ fees incurred in connection with such an action.
Such costs and expenses shall be paid to the prevailing party no later than March 15 of the year
following the year in which the legal action is resolved.

     17. Entire Agreement. This Agreement and the applicable provisions of the Retirement
Benefit Agreement represent the entire agreement and understanding between the Company and Mr.
Puskar concerning the subject matter of this Agreement and Mr. Puskar’s service to and separation
from the Company and the events leading thereto and associated therewith, and supersede and replace
any and all prior negotiations, representations, agreements and understandings concerning the
subject matter of such agreements and Mr. Puskar’s relationship with the Company.

     18. No Oral Modification. This Agreement may only be amended in a writing signed by
Mr. Puskar and a duly authorized representative of the Company.

     19. Counterparts. This Agreement may be executed in counterparts and by facsimile,
and each counterpart and facsimile shall have the same force and effect as an original and shall
constitute an effective, binding agreement on the part of each of the undersigned.

Page 5 of 7

 

     20. Voluntary Execution of Agreement. Mr. Puskar understands and agrees that he
executed this Agreement voluntarily, without any duress or undue influence on the part or behalf of
the Company or any third party, with the full intent of releasing all of his claims against the
Company and any of the other Releasees. Mr. Puskar acknowledges that: (a) he has read this
Agreement; (b) he has been represented in the preparation, negotiation, and execution of this
Agreement by legal counsel of his own choice or has elected not to retain legal counsel; (c) he
understands the terms and consequences of this Agreement and of the releases it contains; and (d)
he is fully aware of the legal and binding effect of this Agreement. Mr. Puskar has not relied
upon any representations or statements made by the Company that are not specifically set forth in
this Agreement.

Page 6 of 7

 

     IN WITNESS WHEREOF, the Parties have executed this Agreement on the respective dates set forth
below.

	 	 	 	 	 
	 	 	 
	Dated:  9/22/09 	By 	/s/ Milan Puskar
 	 
	 	 	Milan Puskar, an individual 	 
	 	 	 	 
	 
	 	MYLAN INC.

 	 
	Dated:  9/22/09 	By 	/s/ Joseph F. Haggerty
 	 
	 	 	Name:  	Joseph F. Haggerty 	 
	 	 	Title:  	Senior Vice President and

Global General Counsel 	 

Page 7 of 7

 

	 	 	 	 	 

SCHEDULE A

RELEASE

          In exchange for the consideration contained in the Agreement entered into between Mylan Inc.
(the “Company”) and Milan Puskar (“Mr. Puskar”) dated as of September 22, 2009 (the
“Agreement”), Mr. Puskar agrees as follows:

          1. Release. Mr. Puskar, on behalf or himself and his heirs, executors,
administrators, successors and assigns, hereby knowingly and voluntarily releases and forever
discharges the Company, its subsidiaries, affiliates or divisions and each of their current and
former officers, directors, employees, agents, investors, attorneys, shareholders, administrators,
affiliates, benefit plans, plan administrators, insurers, trustees, and predecessor and successor
corporations and assigns (collectively, the “Releasees”) from any and all claims,
complaints, charges, duties, obligations, demands, promises, agreements, damages, liabilities,
controversies or causes of action relating to any matters of any kind, whether presently known
or unknown, suspected or unsuspected, that Mr. Puskar or his heirs, executors, administrators,
successors or assigns ever had, now have, or hereafter can, shall or may have against any of the
Releasees by reason of any matter, cause or thing whatsoever arising from the beginning of time
through the date Mr. Puskar executes this release (the “Release”).

     Mr. Puskar agrees that the release set forth in this section shall be and remain in effect in
all respects as a complete general release as to the matters released. Notwithstanding the
foregoing, this Release does not extend to any obligations incurred under the Agreement or the
Retirement Benefit Agreement between Mr. Puskar and the Company, any rights Mr. Puskar may have
under any D&O insurance policy maintained by the Company or any obligations for indemnification or
contribution. This release does not release claims that cannot be released as a matter of law.

          2. Unknown Claims. Mr. Puskar acknowledges that he has been advised to consult with
legal counsel and that he is familiar with the principle that a general release does not extend to
claims that the releaser does not know or suspect to exist in his favor at the time of executing
the release, which, if known by him, must have materially affected his settlement with the
Releasees. Mr. Puskar, being aware of said principle, agrees to expressly waive any rights he may
have to unknown claims, as well as under any other statute or common law principles of similar
effect.

          3. Voluntary Execution of Release. Mr. Puskar executed this Release voluntarily,
without any duress or undue influence on the part or behalf of the Company or any third party, with
the full intent of releasing all of his claims against the Company and any of the other Releasees.
Mr. Puskar acknowledges that: (a) he has read this Release; (b) he has been represented in the
preparation, negotiation, and execution of this Release by legal counsel of his own choice or has
elected not to retain legal counsel; (c) he understands the terms and consequences of this Release
and of the releases it contains; and (d) he is fully aware of the legal and binding effect of this
Release.

 

 

          4. No Pending Lawsuits; Future Lawsuits. Mr. Puskar represents that he has no
lawsuits, claims, or actions pending in his name, or on behalf of any other person or entity,
against the Company or any of the other Releasees.

          5. Choice of Law. This Agreement shall be construed and enforced according to, and
the rights and obligations of the parties shall be governed in all respects by, the laws of the
Commonwealth of Pennsylvania without reference to the principles of conflicts of law thereof.

          6. No Oral Modification. This Agreement may only be amended in a writing signed by
Mr. Puskar and a duly authorized representative of the Company.

     IN WITNESS WHEREOF, Mr. Puskar has executed this Release on the date set forth below.

	 	 	 
	 

	 	Dated:
	 

	 	 
	Milan Puskar
	 	 

2

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