Document:

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                           PSYCHIATRIC SOLUTIONS, INC.
                           RESTRICTED STOCK AGREEMENT

         THIS AGREEMENT is entered into as of _______________ _____, 20___, by
and between Psychiatric Solutions, Inc. (the "Company") and __________________
(the "Participant") in connection with an Award of Restricted Stock under the
Psychiatric Solutions, Inc. Equity Incentive Plan (the "Plan") granted on
_______________ _____, 20___.

         The Company established the Plan by action of its board of directors
and such action was thereafter approved by the stockholders of the Company. The
Participant has been granted an Award of Restricted Stock that is described
herein. In consideration of the foregoing, the parties have entered into this
Agreement to govern the terms of this Award:

         1. Award of Restricted Stock. Subject to the terms and conditions set
forth in the Plan and herein, the Company has granted to the Participant an
Award of ___________ shares of Restricted Stock, subject to adjustment as
provided in Article 8 of the Plan. These shares are subject to forfeiture in the
event of the termination of the Participant's employment with the Company or an
Affiliate prior to the vesting of such shares, as specified herein.

         2. Transfer of Award. Except for transfers pursuant to a will or the
laws of descent and distribution, this Award is not transferable and the
Participant may not make any disposition of the shares of Restricted Stock
described herein, or any interest herein, prior to the dates that such shares
become vested in accordance with Paragraph 3. As used herein, "disposition"
means any sale, transfer, encumbrance, gift, donation, assignment, pledge,
hypothecation, or other disposition, whether similar or dissimilar to those
previously enumerated, whether voluntary or involuntary, and whether during the
Participant's lifetime or upon or after the Participant's death, including, but
not limited to, any disposition by operation of law, by court order, by judicial
process, or by foreclosure, levy, or attachment, except a transfer by will or by
the laws of descent or distribution. Any attempted disposition in violation of
this Paragraph is void.

         3. Vesting of Award. The Restricted Stock Award will become vested as
follows:

<TABLE>
<CAPTION>
         On and After                      Number of Shares Vested
<S>                                        <C>
         ___________ _____, 20___          __________ Shares
         ___________ _____, 20___          Additional __________ Shares
         ___________ _____, 20___          Additional __________ Shares
         ___________ _____, 20___          Additional __________ Shares
</TABLE>

         4.       Termination.

                  (a) On the date that a Participant's provision of services to
the Company or an Affiliate in his or her capacity as an employee, a
non-employee member of the Board, a consultant or independent advisor ceases
(and the Participant is not otherwise providing services to the Company or any
Affiliate) for any reason other than death or disability (as defined in section
22(e)(3) of the Code), the Participant will forfeit all shares of Restricted
Stock which have not yet become vested in accordance with the schedule set forth
in Paragraph 3.

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                  (b) On the date that a Participant's provision of services to
the Company or an Affiliate in his or her capacity as an employee, a
non-employee member of the Board, a consultant or independent advisor ceases
(and the Participant is not otherwise providing services to the Company or any
Affiliate) because of death or disability (as defined in section 22(e)(3) of the
Code), all restrictions described herein shall be removed and all risks of
forfeiture shall lapse on the Restricted Stock, without regard to the vesting
schedule set forth in Paragraph 3.

         5. Status of Participant. Except for the restrictions described in this
Agreement and the Plan, the Participant shall be deemed a stockholder of the
Company with respect to Restricted Stock and shall be entitled to receive
dividends and exercise voting rights with respect thereto. The Company is not
required to deliver shares of Restricted Stock to the Participant until the
shares have become vested as described in Paragraph 3, all applicable
requirements of law have been complied with and such shares shall have been duly
listed on any securities exchange on which the Stock may then be listed.

         6. Tax Withholding. In addition to the withholding provisions of the
Plan, each Participant shall give the Company notice of any election filed by
the Participant under section 83(b) of the Internal Revenue Code. At the time at
which any Restricted Stock becomes vested, the Company shall withhold otherwise
deliverable shares of Company stock having an aggregate fair market value
sufficient to (but not exceeding) the amount required to be remitted to the
appropriate governmental entity or entities on behalf of the Participant.
Notwithstanding the foregoing, the Participant may elect in writing, prior to
the time at which Restricted Stock becomes vested, to satisfy such tax
withholding obligations by remitting cash to the Company at the time at which
any Restricted Stock becomes vested. The Company shall, to the extent permitted
by law, have the right to deduct from any payment of any kind otherwise due the
Participant taxes required to be withheld with respect to Restricted Stock.

         7. No Effect on Capital Structure. This Award shall not affect the
right of the Company or any Affiliate to reclassify, recapitalize or otherwise
change its capital or debt structure or to merge, consolidate, convey any or all
of its assets, dissolve, liquidate, windup, or otherwise reorganize.

         8. Committee Authority. Any question concerning the interpretation of
this Agreement, any adjustments required to be made under the Plan, and any
controversy that may arise under the Plan or this Agreement shall be determined
by the Committee in its sole discretion. Such decision by the Committee shall be
final and binding.

         9. Plan Controls. The terms of this Agreement are governed by the terms
of the Plan, as it exists on the date of this Agreement and as the Plan is
amended from time to time. A copy of the Plan, and all amendments thereto, is
attached hereto as Exhibit A, or has been previously provided to the
Participant, and is made a part hereof as if fully set forth herein. In the
event of any conflict between the provisions of the Agreement and the provisions
of the Plan, the terms of the Plan shall control, except as expressly stated
otherwise. For purposes of this Agreement, the defined terms in the Plan shall
have the same meaning in this Agreement, except where the context otherwise
requires. The terms "Article" or "Section" generally refer to

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provisions within the Plan. The term "Paragraph" generally refers to a provision
of this Agreement.

         10. Notice. Whenever any notice is required or permitted hereunder,
such notice must be in writing and personally delivered or sent by mail or a
delivery service that is approved by the Company. Any notice required or
permitted to be delivered hereunder shall be deemed to be delivered on the date
which it is personally delivered, or, whether actually received or not, on the
third business day after it is deposited in the United States mail, certified or
registered, postage prepaid, addressed to the person who is to receive it at the
address identified in this Paragraph. The Company or Participant may change, by
written notice to the other, the address specified for receiving notices.
Notices delivered to the Company shall be addressed as follows:

                  Psychiatric Solutions, Inc.
                  Attention:  Christopher L. Howard
                  840 Crescent Centre Drive
                  Suite 460
                  Franklin, TN 37067
                  Telephone: (615) 312-5700

         Notices to the Participant shall be hand-delivered to the Participant
on the premises of the Company or its Affiliates, or mailed to the last address
shown on the records of the Company.

         11. Information Confidential. As partial consideration for the grant of
this Award, the Participant agrees that he or she will keep confidential all
information and knowledge that the Participant has relating to the manner and
amount of his or her participation in the Plan; provided, however, that such
information may be disclosed as required by law and may be given in confidence
to the Participant's spouse, tax and financial advisors, or to a financial
institution to the extent that such information is necessary to secure a loan.

         12. Amendment. The Company, acting through the Committee or through the
Board, may amend this Agreement at any time for any purpose determined by the
Company in its sole discretion that is consistent with the Plan. All amendments
must be in writing. The Company may not amend this Agreement, however, without
the Participant's express agreement to any amendment that could adversely effect
the material rights of the Participant.

         13. Governing Law. Except as is otherwise provided in the Plan, where
applicable, the provisions of this Agreement shall be governed by the internal
laws of the State of Tennessee.

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<PAGE>

         IN WITNESS WHEREOF, the Company has caused this Agreement to be
executed and the Participant has set his hand hereto on the day and year first
written above.

                           PSYCHIATRIC SOLUTIONS, INC.

                           By:
                                   ----------------------------------------

                           Title:
                                   ----------------------------------------

                           PARTICIPANT

                           ------------------------------------------------

                                       4Restricted Stock Unit Agreement/Thomas Rice

 

EXHIBIT 10.115

ANDRX CORPORATION

RESTRICTED STOCK UNIT AWARD AGREEMENT

     This Restricted Stock Unit Award Agreement (“Agreement”) is entered into as of February 28,
2006, (the “Date of Grant”) between Andrx Corporation, a Delaware corporation (“Company”) and
Thomas P. Rice, an employee of the Company or one of its subsidiaries (“Employee”), pursuant to the
Company’s 2000 Stock Option Plan, as amended and restated (the “2000 Plan”). Capitalized terms
used in this Agreement without definition shall have the respective meanings given to them in the
2000 Plan.

     1. Award of Restricted Stock Units. The Company hereby awards to the Employee as of
the date first written above, an award of 50,000 restricted stock units (each an “RSU”, with 40,000
RSUs being the Long-Term Incentive Award and 10,000 RSUs being the Performance Award), with each
RSU representing the right to acquire one share of Andrx Corporation – Andrx Group Common Stock,
par value $0.001 (“Common Stock”), subject to the conditions, restrictions and limitations set
forth below (the “RSU Award”). The Employee hereby acknowledges and accepts such grant and agrees
to acquire the RSU Award and the shares of Common Stock covered thereby upon such terms and subject
to such conditions, restrictions and limitations as provided herein.

     2. Vesting.

               (a) The Long-Term Incentive Award shall vest in seven equal annual installments beginning
one year from the Date of Grant. The Performance Award shall vest, in its entirety, four years
from the Date of Grant, but shall be subject to acceleration, in whole or in part, if the Company
achieves its 2007 Performance Projections (as set forth on Schedule 1), as determined by
the Company’s 2007 audited Consolidated Statement of Income. Once vested, whether over time or
upon achievement of the prescribed performance objectives, such RSUs shall become “Vested RSUs”.

               (b) Notwithstanding Sections 2(a) and 3, Employee shall become vested in any or all RSUs
covered by the RSU Award as of such earlier date or dates as may be expressly determined by the
Company’s Board of Directors or its Compensation Committee (in either case, the “Compensation
Committee”), in its sole discretion. In exercising such discretion, the Compensation Committee
may consider significant achievements by Employee, actions undertaken by management for the
long-term benefit of the Company, significant charges outside the Company’s control that affected
short term results, and other matters pertaining to Employee and his or her service to the
Company.

     3. Effect of Certain Events Upon Vesting.

               (a) If Employee’s employment with the Company is terminated by the Company prior to all RSUs
becoming Vested RSUs pursuant to Section 2 above, and Cause exists, then (i) all RSUs which have
not previously been transferred to Employee (including Vested RSUs) shall immediately be
forfeited, without any payment of consideration by the Company to the Employee, unless expressly
determined otherwise by the Compensation

 

 

Committee in its sole discretion, and (ii) to the extent the Employee derived any benefit
from the sale, transfer, receipt or otherwise of any Vested RSUs within the twelve month period
prior to the occurrence of Cause, unless expressly determined otherwise by the Compensation
Committee in its sole discretion, the Employee shall be liable to the Company for an amount equal
to the amount realized (or the payment received) by Employee as a result thereof, net of any
income taxes actually paid by Employee with respect thereto. Such damages amount is in addition
to, and not in lieu of, any other remedy or recourse to which Andrx may be entitled.

               (b) “Cause” shall mean (i) the definition as set forth in the 2000 Plan, or (ii) an
Employee’s breach, either prior to the termination of employment or thereafter, of this agreement
or the Confidentiality and Non-Competition Agreement attached hereto as Exhibit A (which
is incorporated herein by reference).

               (c) Upon a Change of Control (as hereinafter defined) and if within 24 months of such Change
of Control the Employee’s employment is terminated by the Company without Cause or terminated by
the Employee, in the Employee’s good faith determination, as a result of i) a change in the
Employee’s status or responsibilities (including reporting responsibilities) which does not
represent a promotion, (ii) the Company assigning the Employee duties which are inconsistent with
Employee’s current duties at the time of the Change of Control, or (iii) the Company requiring
the Employee to regularly work in a location which is 25 or more miles from the locale at which
the Employee’s work is now located, then upon execution of a release substantially in the form
attached hereto as Exhibit B (which is incorporated herein by reference), any unvested
RSUs shall immediately vest and become Vested RSUs. As used herein, a “Change in Control” For
purposes of this Agreement, “Change of Control” shall mean: (i) any ‘person’ who (as such term is
used in Sections 13(d) and 14(d) of the Exchange Act) is or becomes the ‘beneficial owner’ (as
defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities representing
forty percent (40%) or more of the combined voting power of the then outstanding securities, (ii)
a merger, consolidation, share exchange, business combination, joint venture or similar
transaction, as a result of which the stockholders of the Company prior to such transaction hold
less than forty percent (40%) of the combined voting power of the then outstanding securities
after giving effect to such transaction, (iii) any sale, lease, exchange, transfer or other
disposition of all or substantially all of the assets of Company, or (iv) where the Company has
filed a Current Report on Form 8-K reporting under current Item 5.01 (or other Item if
subsequently renumbered or subsequent Item) that a change of control of the Company has occurred.

               (d) Notwithstanding Employee’s Employment Agreement dated February 3, 2004 (the “Employment
Agreement”), Employee and Company expressly agree that any unvested RSUs granted hereunder shall
not vest pursuant to Section 7(y) of the Employment Agreement if the Employee terminates his
employment following a “Change of Control of Company” (as defined in the Employment Agreement)
pursuant to Section 6(d) “Executive’s Right to Terminate Upon Change of Control or For Good
Reason” of the Employment Agreement. It is expressly agreed that consistent with Section 3(c)
herein, if the Employee’s employment is
terminated following a Change of Control either by the
Company or by Employee as described in Section 3(c)(i-iii) herein, any unvested RSUs shall
immediately vest consistent with Section 3(c) of this Agreement.

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     4. Delivery of Shares. As soon as practicable following an RSU becoming a Vested RSU,
the Company shall deliver to the Employee one share of Common Stock for each Vested RSU.

     5. Restrictions on Transfer. The RSU Award granted hereunder to the Employee may not
be sold, assigned, transferred, pledged or otherwise encumbered, whether voluntarily or
involuntarily, by operation of law or otherwise; provided, however, that the RSU Award and/or any
Vested RSUs shall be transferable by the Employee, in whole or in part, to members of his immediate
family, to trusts or partnerships formed exclusively for the benefit of the Employee and/or members
of his immediate family, or pursuant to a domestic relations order in settlement of marital
property rights. Except as permitted by the foregoing, no right or benefit under this Agreement
shall be subject to transfer, anticipation, alienation, sale, assignment, pledge, encumbrance or
charge, whether voluntary, involuntary, by operation of law or otherwise, and any attempt to
transfer, anticipate, alienate, sell, assign, pledge, encumber or charge the same shall be void.
No right or benefit hereunder shall in any manner be liable for or subject to any debts, contracts,
liabilities or torts of the person entitled to such benefits. Any assignment in violation of this
Section 5 shall be void.

     6. Withholding Tax Requirements. No shares of Common Stock with respect to Vested
RSUs subject to this Agreement shall be delivered to Employee until the minimum tax withholding
obligations of the Company with respect to such Vested RSUs are satisfied or, in the opinion of the
Company, adequate provision is made by the Employee to pay the minimum tax withholding obligations.

     If the Employee has made not adequate provision for payment of the minimum tax withholding
obligations of the Company, the Company shall withhold shares of Common Stock at the time Common
Stock is delivered (or otherwise becomes taxable) to the Employee to satisfy the minimum
withholding amounts. Employee may, to the extent approved by the Company, provide for payment of
the minimum tax withholding obligations by the sale of a portion of the shares of Common Stock
deliverable to the Employee pursuant to this Agreement.

     7. Sale and Issuance of Common Stock. The Employee agrees that he/she shall not sell
any Common Stock delivered to him/her pursuant to this Agreement and that the Company shall not be
obligated to deliver any shares of Common Stock if counsel to the Company reasonably determines
that such sale or delivery would violate any applicable law or any rule or regulation of any
governmental authority or any rule or regulation of, or agreement of the Company with, any
securities exchange or association upon which the Common Stock is listed or quoted. The Company
shall be obligated to take all reasonable action in order to cause the delivery of shares of Common
Stock to comply with any such law, rule, regulation or agreement.

     8. Limitation of Rights. Nothing contained in this Agreement, and no action of the
Company with respect hereto, shall confer or be construed to confer on the Employee any right to
continue in the employment or service of the Company, or affect the right of the Company to
terminate the employment or service of the Employee at any time for any reason.

     9. No Interest in Company Assets. The Employee shall not have any interest in any
fund or specific asset of the Company by reason of this RSU Award.

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     10. No Rights as a Stockholder Prior to Delivery. The Employee shall not have any
right, title or interest in, or be entitled to vote or receive distributions in respect of, or
otherwise be considered the owner of, any of the shares of Common Stock covered by the RSU Award,
except to the extent that such shares are Vested RSUs, whether or not delivered to the Employee.

     11. Adjustment. The RSU Award shall be subject to adjustment (including, without
limitation, as to the number of shares of Common Stock covered by the RSU Award) in the reasonable
discretion of the Compensation Committee in such manner as the Compensation Committee may deem
equitable and appropriate if there shall be any increase or decrease in the number of issued and
outstanding shares of Common Stock through the declaration of a stock dividend or through any
recapitalization resulting in a stock split, combination or exchange of shares (other than any such
exchange or issuance of shares through which shares are issued to effect an acquisition of another
business or entity or the Company’s purchase of shares to exercise a “call” purchase option).
Except as otherwise expressly provided herein, the issuance by the Company of shares of its capital
stock of any class, or securities convertible into or exchangeable for shares of its capital stock
of any class, either in connection with a direct or unwritten sale or upon the exercise of rights
or warrants to subscribe therefore or purchase such shares, or upon conversion of obligations of
the Company convertible into such shares or other securities, shall not affect, and no adjustment
by reason thereof shall be made with respect to this RSU Award.

     12. Miscellaneous Provisions. For purposes of this Agreement, the following
miscellaneous provisions shall be applicable:

               (a) Company Disclosure. The Employee acknowledges and agrees that the Company, its
stockholders and/or its directors and officers have no duty or obligation to disclose to the
Employee any material information regarding the business of the Company or affecting the value of
Common Stock at any time while the Employee is employed by the Company or any of its subsidiaries
and at any time following the termination of the Employee’s employment with the Company or any of
its subsidiaries, including without limitation, any information concerning plans for the Company
to make a public offering of its securities or to be acquired by or merged with or into another
firm or entity.

               (b) Successors and Assigns. This Agreement shall bind and inure to the benefit of
and be enforceable by the Employee, the Company and their respective permitted successors and
assigns (including personal representatives, heirs and legatees), except that the Employee may
not assign any rights or obligations under this Agreement, except to the extent and in the manner
expressly permitted herein.

               (c) Notices. Any notice under this Agreement to the Company or to the Employee
shall be addressed as follows:

If to the Company:

8151 Peters Road, 4th Floor

Plantation, FL 33324

4

 

Attention: General Counsel

If to Employee:

At the address listed on the signature page

               (d) Severability. If any provision of this Agreement for any reason should be found
by any court of competent jurisdiction to be invalid, illegal or unenforceable, in whole or in
part, such declaration shall not affect the validity, legality or enforceability of any remaining
provision or portion thereof, which remaining provision or portion thereof shall remain in full
force and effect as if this Agreement had been adopted with the invalid, illegal or unenforceable
provision or portion thereof eliminated.

               (e) 2000 Stock Option Plan. This Agreement is entered into pursuant to the 2000
Plan, a copy of which has been provided to Employee. Employee acknowledges that Employee has
received and reviewed the 2000 Plan. Unless specifically set forth in this Agreement to the
contrary, this Agreement shall remain subject to all the provisions of the 2000 Plan, and in the
event there are any inconsistencies by and among this Agreement and the 2000 Plan, the Employee
and/or the Company shall first be bound by the terms of this Agreement, then the 2000 Plan.

               (f) Amendment. The Company may amend or modify this Agreement at any time by mutual
agreement between the Company and Employee (or such other persons as may then have an interest
therein). In addition, by mutual agreement between the Company and Employee (or such other
persons as may then have an interest therein), Employee may be granted an award in substitution
and exchange for, and in cancellation of, the RSU Award under any other present or future plan of
the Company or any present or future plan of an entity which (i) is purchased by the Company,
(ii) purchases the Company, or (iii) merges into or with the Company; provided, however, that
such substitution, exchange and/or cancellation does not increase the accounting
charge-to-earnings originally expensed by the Company with respect to the RSU Award.

               (g) Headings. The headings, captions and arrangements utilized in this Agreement
shall not be construed to limit or modify the terms or meaning of this Agreement.

               (h) Arbitration. Any disputes arising out of or in connection with this Agreement
or any of its provisions, including but not limited to the alleged breach of the provisions of
this Agreement, shall be submitted to and determined by arbitration conducted in accordance with
the Rules of the American Arbitration Association. The award rendered by the Arbitrator may be
entered as a judgment (with full binding, force and effect) in any court having jurisdiction
thereof. This Agreement shall constitute a written agreement to submit any such dispute or
controversy to arbitration within the meaning of the Florida Arbitration Code and shall confer
jurisdiction on the Courts of the State of Florida to enforce such agreement to arbitrate and to
enter judgment on an award in accordance with said Florida Arbitration Code.

               (i) Waiver. Any term or condition of this Agreement may be waived at any time by the
party that is entitled to the benefit thereof, but no such waiver shall be

5

 

effective unless set forth in a written instrument duly executed by or on behalf of the
party waiving such term or condition. No waiver by any party hereto of any term or condition of
this Agreement, in any one or more instances, shall be deemed to be or construed as a waiver of
the same or any other term or condition of this Agreement on any future occasion. All remedies,
either under this Agreement or by law or otherwise afforded, will be cumulative and not
alternative.

               (j) Governing Law. This Agreement shall be governed by and construed in accordance
with the internal laws of the State of Florida. Any arbitration, lawsuits or other proceedings
related to this Agreement or the transactions herein described shall be commenced and held in
Broward County, Florida.

               (k) Determinations by Compensation Committee. All references in this Agreement to
determinations to be made by the Compensation Committee shall be deemed to include determinations
by any person or persons to whom the Compensation Committee may delegate such authority in
accordance with the rules adopted thereby.

               (l) Validity of Agreement. This Agreement shall be valid and binding only if and
when it has been duly executed by an officer of the Company (which may be in facsimile signature)
and by Employee.

[SIGNATURES BEGIN ON NEXT PAGE]

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     IN WITNESS WHEREOF, this Restricted Stock Unit Award Agreement has been executed as of the
date first written above.

	 	 	 	 	 	 	 	 	 	 	 
	EMPLOYEE:	 	 	 	ANDRX CORPORATION	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	By:	 	 	 	 
	 

	 	 
	 	 	 	 	 	 	 	 
	 

	 	Thomas P. Rice
	 	 	 	 	 	Angelo C. Malahias, President	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Employee Address:	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 

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