Document:

Amended & Restated Severance Agreement of Izumi Hara.

 Exhibit 10.5 
 EXECUTION COPY 
 AMENDED AND RESTATED SEVERANCE AGREEMENT – SENIOR VICE PRESIDENT 

 THIS AMENDED AND RESTATED SEVERANCE AGREEMENT (the “Agreement”) is made as of November 7, 2008, between
WARNER CHILCOTT (US), LLC (formerly named Warner Chilcott (US), Inc.) (the “Company”) and Izumi Hara (“Executive”). 
 RECITALS 
 WHEREAS, Executive and the Company are currently parties to that certain Severance
Agreement between Executive and the Company, dated as of March 28, 2005 (the “Prior Agreement”); and 
 WHEREAS,
Executive and the Company now desire to enter into this Agreement, which will replace and supersede the Prior Agreement in its entirety, and set forth terms and conditions pursuant to which Executive may be entitled to certain severance payments, as
well as set forth certain covenants of Executive. 
 NOW, THEREFORE, in consideration of the promises and mutual covenants herein contained
and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 1. Termination of Prior Agreement Terms of Employment  
 (a) Executive shall be employed by the Company on an
“at-will” basis and will have the title of Senior Vice President and Deputy General Counsel, for the Company’s ultimate parent company, Warner Chilcott, Limited, an exempt Bermuda limited company (“Warner Chilcott”).
Executive shall have authority, duties and responsibilities as are commensurate with Executive’s position. Executive agrees to render full time services in performing such duties and responsibilities. 
 (b) Executive shall perform substantially all of her duties under this Agreement at the Company’s Rockaway, New Jersey office, provided, however,
that the Executive may be required to perform incidental services outside the United States from time to time. Executive may from time to time be required to perform duties commensurate with her position on behalf of one or more of the Group
Companies in addition to the duties described in Section 1(a), and Executive may be appointed as an officer or officers of one or more Group Companies in addition to the title described in Section 1(a). Such duties shall be performed, and
such appointments accepted, by Executive without additional compensation or remuneration. For the purposes of this 

 
Agreement, “Group Company” means Warner Chilcott and any of its direct or indirect subsidiaries. 
 (c) Executive agrees to render the services described above to the best of her abilities in a diligent, trustworthy, businesslike and efficient manner.
It shall not be a violation of this Agreement for Executive to serve on civic or charitable boards or committees so long as such activities do not significantly interfere with Executive’s commitment to work in accordance with this Agreement.
With the prior written consent of Warner Chilcott’s Board of Directors (the “Board”), which consent shall not be unreasonably refused or delayed, and so long as such activities do not significantly interfere with
Executive’s commitment to work in accordance with this Agreement, Executive may serve on corporate boards or committees. 
 (d) The
Company shall reimburse Executive for all reasonable expenses incurred by her in the course of performing her duties under this Agreement which are consistent with the Company’s policies in effect from time to time with respect to travel,
entertainment and other business expenses. The parties agree that such expenses shall include, by way of example and not limitation, cellular telephone service and home fax machine and telephone line. 
 (e) In consideration of the foregoing agreements and the covenants and other agreements of Executive contained herein, Executive shall be entitled to
receive, upon the terms set forth herein, the payments provided for in Section 2 hereof. 
 2. Severance. 
 (a) If Executive shall die while still employed by the Company, this Agreement shall terminate effective as of the date of Executive’s death, except
that Executive’s surviving spouse or dependents or, if none, her estate, shall be entitled to receive the payments set forth in Section 2(d) below paid in the manner set forth in Section 2(d). 
 (b) If Executive’s employment is terminated by the Company, in the sole discretion of the Board, because Executive is at such time Disabled (as
defined below) and shall have been absent from her duties hereunder on a full time basis for 180 consecutive days, and, within 30 days after written notice by the Company to do so, Executive shall not have returned to the performance of her duties
hereunder on a full time basis, Executive shall be entitled to receive (so long as she executes and delivers the Company’s standard form of release within 60 days following Executive’s termination of employment) an amount equal to the
amount specified in Section 2(d) paid in the manner set forth in Section 2(d). As used herein, the term “Disabled” shall (i) mean that Executive is unable, as a result of a medically determinable physical or mental
impairment, to perform the duties and services of her position, or (ii) have the meaning specified in any disability insurance policy maintained by the Company, whichever is more favorable to Executive. 
  

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 (c) If Executive’s employment is terminated by the Company for Cause (as defined below), then the
Company shall pay to Executive (x) her then current annual base salary (“Base Salary”) accrued through the effective date of termination, payable at the time such payment is otherwise due and payable and (y) all other
amounts and benefits to which Executive is entitled, including, without limitation, vacation pay and expense reimbursement amounts accrued to the effective date of termination and amounts and benefits owing under the terms of any benefit plan of any
Group Company in which Executive participates and Executive shall not be entitled to any severance payments. As used herein, “Cause” shall mean (i) the conviction of Executive of a felony (other than a violation of a motor
vehicle or moving violation law) or conviction of a misdemeanor if such misdemeanor involves moral turpitude; or (ii) Executive’s voluntary engagement in conduct constituting larceny, embezzlement, conversion or any other act involving the
misappropriation of funds of any Group Company in the course of Executive’s employment; or (iii) the willful refusal (following written notice) to carry out specific directions of the Board, the Board of Directors of the Company or the
Board of Directors of any other Group Company of which Executive is an officer, which directions shall be consistent with the provisions hereof, or (iv) Executive’s committing any act of gross negligence or intentional misconduct in the
performance or non-performance of Executive’s duties as an employee of the Company; or (v) any material breach by Executive of any material provision of this Agreement (other than for reasons related only to the business performance of the
Company or business results achieved by Executive). For purposes of Sections 2(c) and (d), no act or failure to act on Executive’s part shall be considered to be Cause if done, or omitted to be done, by Executive in good faith and with the
reasonable belief that the action or omission was in the best interests of the relevant Group Company. 
 (d) If Executive’s employment
is terminated by the Company without Cause, then Executive shall be entitled to receive (so long as she executes and delivers the Company’s standard form of release within 60 days following Executive’s termination of employment) an amount
equal to Executive’s then current Base Salary for a period of twelve months (such amount as modified below, the “Base Severance Amount”, and such period, as modified below, the “Severance Period”) plus all
other amounts and benefits to which Executive is entitled, including without limitation, expense reimbursement amounts accrued to the effective date of termination and amounts and benefits owing under the terms of any benefit plan of any Group
Company in which Executive participates. Notwithstanding the foregoing, if such termination occurs within 12 months following a Change of Control, the Base Severance Amount shall be an amount equal to Executive’s then current Base Salary for a
period of eighteen months plus an amount equal to 150% of the annual cash bonus paid to Executive with respect to the calendar year immediately preceding the year in which Executive’s employment with the Company terminated, and the Severance
Period shall be eighteen months. For purposes of this Agreement, “Change of Control” has the meaning ascribed to such term in the Management Shareholders Agreement, and “Management Shareholders Agreement” means that
certain Management Shareholders Agreement dated as of the date hereof by and among Warner Chilcott, Warner II, Warner Chilcott Holdings Company III, Limited, Executive and the other parties thereto. The foregoing amounts shall be payable over the

  

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Severance Period in equal monthly installments. In addition, Executive shall be entitled to continue participation in the Company’s health and other
welfare benefit plans, at the Company’s expense, for the Severance Period. 
 (e) If Executive’s employment is terminated by
Executive for Good Reason, then Executive shall be entitled to the payments specified in Section 2(d) hereof, paid in the manner set forth therein. For purposes of this Agreement, “Good Reason” shall mean: (A) the
assignment to Executive of duties materially inconsistent with Executive’s position (including status, offices, titles, and reporting requirements), authority, duties or responsibilities as contemplated by Section 1(a) hereof, or any other
action by Warner Chilcott or the Company which results in a diminution in such position, authority, duties or responsibilities, excluding for this purpose an isolated, insubstantial and inadvertent action not taken in bad faith and which is remedied
by Warner Chilcott or the Company promptly after receipt of written notice thereof given by Executive; (B) any failure by the Company to pay to Executive her Base Salary and/or bonus (if such a bonus has been declared), other than an isolated,
insubstantial and inadvertent failure not occurring in bad faith and which is remedied by the Company promptly after receipt of written notice thereof given by Executive; (C) the Company’s requiring Executive to be based at any office or
location other than as provided in Section 1(b); (D) any purported termination by the Company of Executive’s employment other than for Cause or pursuant to Sections 2(a) or (b) hereof; or (E) any failure by the Company to
obtain an express assumption of this Agreement by a successor as required pursuant to Section 14 hereof. 
 (f) If Executive’s
employment is terminated by Executive due to Executive’s resignation or retirement, then this Agreement shall terminate as of the effective date of Executive’s retirement or resignation and thereupon Executive shall be entitled solely to
the payments and benefits set forth in Sections 2(c) and (g). 
 (g) Amounts which are vested benefits or which Executive is otherwise
entitled to receive under any plan, policy, practice or program of or in any contract or agreement with the Company or any of the other Group Companies at or subsequent to the date of termination of Executive’s employment for any reason shall
be payable in accordance with such plan, policy, practice or program or contract or agreement except as explicitly modified by this Agreement. 
 3. Gross Up Payment. 
 (a) Anything in this Agreement to the contrary notwithstanding, in the event that it shall be
determined that any payment or consideration to or for the benefit of, or received by, Executive from a Group Company in connection with the Acquisition, including pursuant to those certain grants on the date hereof to Executive of certain ordinary
shares of Warner Chilcott and preferred shares of Warner Chilcott Holdings Company II, Limited (“Warner II”) pursuant to (i) that certain Share Award Agreement pursuant to the 2005 Equity Incentive Plan, dated as of the date
hereof by and among Warner Chilcott and Executive, and (ii) that certain Strip Grant Agreement, dated as of the date hereof by and among Warner Chilcott, Warner II, and the Executive, (any such payments or consideration, a
“Payment”) would be subject to the excise tax imposed by 

  

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Section 4999 of the Internal Revenue Code of 1986 of the United States, as amended (the “Code”), or any interest or penalties are
incurred by Executive with respect to such excise tax (such excise tax, together with any such interest and penalties are hereinafter collectively referred to as the “Excise Tax”), the Company shall pay to Executive at the time
specified in Section 3(e) below an additional amount (a “Gross-Up Payment”) such that the net amount of the Gross-Up Payment retained by Executive, after deduction of all federal, state and local income tax (and any interest
and penalties imposed with respect thereto), employment tax and Excise Tax on the Gross-Up Payment, shall be equal to the amount of the Excise Tax imposed on such Payment. For the purposes of this Agreement, “Acquisition” means the
acquisition of all of the ordinary shares of Warner Chilcott PLC by Warner Chilcott Acquisition Limited, a United Kingdom private limited company. 
 (b) For purposes of the foregoing Section 3(a), the proper amounts, if any, of the Excise Tax and the Gross-Up Payment shall be determined in the first instance by the Company. Such determination by the Company shall be promptly
communicated in writing by the Company to Executive. Within 10 days of being provided with written notice of any such determination, Executive may provide written notice to the Compensation Committee of the Board (or, if there is no such
Compensation Committee, the Board) of any disagreement, in which event the amounts, if any, of the Excise Tax and the Gross-Up Payment shall be determined by an independent accounting firm mutually selected by the Company and Executive. The
determination of the Company (or in the event of disagreement, the accounting firm selected) shall be final and nonreviewable. 
 (c) For
purposes of determining whether any of the Payments will be subject to the Excise Tax and the amount of such Excise Tax under Section 3, any payments or benefits received or to be received by Executive in connection with a termination of
employment shall be treated as “parachute payments” within the meaning of Section 280G(b)(2) of the Code, and all “excess parachute payments” within the meaning of Section 280G(b)(1) of the Code shall be treated as
subject to the Excise Tax unless the Company or the accounting firm selected above, as applicable, determines based on reasonable, good faith interpretations concerning the application of Sections 280G and 4999 of the Code, with substantial
authority (within the meaning of Section 6662 of the Code), such other payments or benefits (in whole or in part) do not constitute parachute payments, or such excess parachute payments (in whole or in part) represent reasonable compensation
for services actually rendered within the meaning of Section 280G(b)(4) of the Code in excess of the base amount within the meaning of Section 280G(b)(3) of the Code. 
 (d) For purposes of determining the amount of the Gross-Up Payment, Executive shall be deemed to pay federal income taxes at the highest marginal rate of
tax in the calendar year in which the Gross-Up Payment is to be made and state and local income taxes at the highest marginal rate of tax in the state and locality of Executive’s residence on the date of termination, net of the maximum
reduction in federal income taxes which could be obtained from deduction of such state and local taxes; provided, however, that to the extent (but only to the extent) required to comply with Regulation §409A-3(i)(l)(v) under the Code,
the amount of the Gross-Up Payment shall be equal to 

  

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all of the Federal, state and local taxes imposed on Executive as a result of the Excise Tax and Gross-Up Payment. 
 (e) The Gross-Up Payments provided for in Section 3(a) shall be made in a cash, lump-sum payment to the Executive (or appropriate taxing authority
on Executive’s behalf) when due but in no event later than the end of the year following the year in which Executive remits the Excise Tax, net of any required tax withholdings, upon the calculation of the amount of the Gross-Up Payment under
Section 3(a). Any Gross-Up Payment required hereunder that is not made in a timely manner shall bear interest at a rate equal to the prime rate quoted on the date the payment is first overdue by Citibank N.A., New York, New York plus two
percent until paid. 
 4. Confidential Information. 
 (a) Executive acknowledges and agrees that the information, observations and data obtained by her concerning Warner Chilcott or any other Group Company
while employed by the Company or any other Group Company (“Confidential Information”) are the property of Warner Chilcott or another Group Company (as appropriate). Therefore, Executive agrees to keep secret and retain in the
strictest confidence all Confidential Information, including without limitation, trade “know-how” secrets, customer lists, pricing policies, operational methods, technical processes, formulae, inventions and research projects and other
business affairs of Warner Chilcott and any other Group Companies learned by her prior to or after the date of this Agreement, and not to disclose them to anyone outside the Group Companies, either during or after her employment with the Company,
except (i) in the course of performing her duties hereunder, (ii) with the Company’s express written consent; (iii) to the extent that the Confidential Information becomes generally known to and available for use by the public
other than as a result of Executive’s acts or omissions; or (iv) where required to be disclosed by court order, subpoena or other government process. If Executive shall be required to make disclosure pursuant to the provisions of clause
(iv) of the preceding sentence, Executive promptly, but in no event more than 48 hours after learning of such subpoena, court order or other governmental process, shall notify the Company, by personal delivery or fax (pursuant to Section 8
hereof), and, at the Company’s expense, shall take all reasonably necessary steps requested by the Company to defend against the enforcement of such subpoena, court order or other governmental process and permit the Company to intervene and
participate with counsel of its own choice in any related proceeding. 
 (b) Executive shall deliver to the Company at the termination of her
employment, or at any other time the Company may request, all memoranda, notes, plans, records, reports, computer tapes, printouts and software and other documents, and data (and copies thereof) relating to the Confidential Information, Work Product
(as defined below) or the business of Warner Chilcott or any other Group Company which she may then possess or have under her control. 
 5. Inventions and Patents. Executive acknowledges that all inventions, innovations, improvements, developments, methods, designs, analyses, drawings, reports, patents, 
  

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patent applications and all similar or related information (whether or not patentable) which relate to Warner Chilcott or any other Group Company’s
actual or anticipated business, research and development or existing or future products or services of Warner Chilcott or any other Group Company which are conceived, developed or made by Executive while employed by the Company or any other Group
Company (collectively, “Work Product”) belong to Warner Chilcott or another Group Company. Executive shall promptly disclose such Work Product to the Board and perform all actions reasonably requested by the Board (whether during or
after her employment) to seek and obtain intellectual property protection on behalf of Warner Chilcott or the other Relevant Group Company and establish and confirm such ownership (including, without limitation, assignments, consents, powers of
attorney and other instruments). 
 6. Indemnification. The Company will indemnify Executive and her legal representatives, to
the fullest extent permitted by applicable law and the existing by-laws of the Company or any other applicable laws or the provisions of any other corporate document of the Company, and Executive shall be entitled to the protection of any insurance
policies the Company may elect to obtain generally for the benefit of its directors and officers, against all costs, charges and expenses whatsoever incurred or sustained by her or her legal representatives in connection with any action, suit or
proceeding to which she or her legal representatives may be made a party by reason of her being or having been a director or officer of the Company or any other Group Company or actions taken purportedly on behalf of the Company or any other Group
Company. The Company shall advance to Executive the amount of her expenses incurred in connection with any proceeding relating to such service or function to the fullest extent legally permissible under applicable law. The indemnification and
expense reimbursement obligations of the Company in this Section 6 will continue as to Executive after she ceases to be an officer of the Company or any other Group Company and shall inure to the benefit of her heirs, executors and
administrators. The Company shall not, without Executive’s written consent, cause or permit any amendment of the Company’s governing documents which would adversely affect Executive’s rights to indemnification and expense
reimbursement thereunder. 
 7. Non-Compete. Non-Solicitation. 
 (a) Executive covenants and agrees that, while Executive is employed by the Company and for the following periods after the termination of this Agreement
howsoever arising, except with the prior written consent of the Board, which shall not be unreasonably refused or delayed, directly or indirectly, either alone or jointly with or on behalf of any person, firm, company or entity and whether on her
own account or as principal, partner, shareholder, director, employee, consultant or in any other capacity whatsoever, Executive shall not: 
 (i) for the Applicable Period following termination, in the Relevant Territory (as defined in Section 7(b) below) and in competition with the Company or any of the Relevant Group Companies engage, assist or be
interested in any undertaking which provides services or products similar to those provided by the Company or any Relevant Group Company; 
  

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 (ii) for the Applicable Period following termination, in the Relevant Territory solicit
or interfere with or endeavor to entice away from the Company or any of the Relevant Group Companies any Person who is a customer or Potential Customer of the Company or any Relevant Group Company; 
 (iii) for the Applicable Period following termination, in the Relevant Territory be concerned with the supply of services or products to
any Person which is a customer or Potential Customer of the Company or any of the Relevant Group Companies where such services or products are in competition with those services or products supplied by the Company or any Relevant Group Company;

 (iv) for the Applicable Period following termination, offer to employ or engage or solicit the employment or engagement of
any person who immediately prior to the date of termination was an employee, contractor or director of the Company or any of the Relevant Group Companies (whether or not such person would commit any breach of their contact of employment or
engagement by reason of leaving the service of such company); and 
 (v) represent herself as being in any way connected with
or interested in the business of the Company or any of the Relevant Group Companies other than, if applicable, in her capacity as a shareholder of Warner Chilcott or Warner II. 
 (b) For the purposes of this Agreement: 
 (i) “Applicable Period” means 
 (i) the Severance Period, in the event of a termination of
Executive’s employment with the Company as described in Sections 2(b) (termination as a result of disability of Executive), 2(d) (termination by Company without Cause) or 2(e) (termination by Executive for Good Reason), 
 (ii) 6 months, in the event of a termination of Executive’s employment with the Company as described in Section 2(f) (Executive resignation or
retirement), provided, that, such 6 month period shall be increased to 12 months if the Company elects, in its sole discretion, to pay Executive an amount equal to (x) 100% of Executive’s Base Salary in effect as of the date
Executive’s employment with the Company is terminated plus (y) 100% of the annual cash bonus paid to Executive with respect to the calendar year immediately preceding the year in which Executive’s employment with the Company
terminated, such amount payable during the 12 month period after Executive’s last day of active employment in equal monthly installments, and 
  

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 (iii) 6 months in the event of a termination of Executive’s employment with the Company as
described in Section 2(c) (termination by Company for Cause). 
 (ii) “Person” means an individual,
partnership, limited liability company, corporation, trust or any other entity. 
 (iii) “Potential
Customer” means any Person that the Company or any of the Relevant Group Companies has actively solicited business during the 12-month period prior to Executive’s termination of employment. 
 (iv) a “Relevant Group Company” means Warner Chilcott, Warner II, the Company and all direct and indirect subsidiaries
thereof for which the Executive has performed services or in which she has held office and, if applicable, their predecessors in business. 
 (v) “Relevant Territory” means the area constituting the market of the Company or any of the Relevant Group Companies for products and services with which Executive shall have been concerned during
the term of her employment with the Company or any other Group Company. 
 (vi) “Sponsor” has the meaning
ascribed to such terms in the Management Shareholders Agreement. 
 (c) Nothing contained in Section 7(a) shall prohibit Executive from
holding shares or securities of a company any of whose shares or securities are quoted or traded on any recognized investment or stock exchange provided that any such holding shall not exceed three percent of the issued share capital of such
company and is held passively by way of bona fide investment only. 
 (d) If, at the time of enforcement of this Section 7, a court
shall hold that the duration, scope or area restrictions stated herein are unreasonable under circumstances then existing, the parties agree that the maximum duration, scope or area reasonable under such circumstances shall be substituted for the
stated duration, scope or area and that the court shall be allowed to revise the restrictions contained herein to cover the maximum period, scope and area permitted by law. Executive agrees that the restrictions contained in this Section 7 are
reasonable. 
 (e) In the event of the breach or a threatened breach by Executive of any of the provisions of this Section 7, the
Company, in addition and supplementary to other rights and remedies existing in its favor, may apply to any court of law or equity of competent jurisdiction for specific performance and/or injunctive or other relief in order to enforce or prevent
any violations of the provisions hereof (without posting of any bond). 
 8. Executive’s Representations. Executive hereby
represents and warrants to the Company that (i) the execution, delivery and performance of this Agreement by 
  

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Executive do not and will not conflict with, breach, violate or cause a default under any contract, agreement, instrument, order, judgment or decree to which
Executive is a party or by which she is bound, and (ii) upon the execution and delivery of this Agreement by the parties, this Agreement will be the valid and binding obligation of Executive, enforceable in accordance with its terms. Executive
hereby acknowledges and represents that she has had the opportunity to consult with independent legal counsel regarding her rights and obligations under this Agreement and that she fully understands the terms and conditions contained herein.

 9. Notices. Any notice provided for in this Agreement shall be in writing and shall be deemed to have been duly given if
delivered personally (whether by overnight courier or otherwise) with receipt acknowledged or sent by registered or certified mail or equivalent, if available, postage prepaid, or by fax (which shall be confirmed by a writing sent by registered or
certified mail or equivalent on the same day that such fax was sent), addressed to the parties at the following addresses or to such other address as such party shall hereafter specify by notice to the other: 
  

			
	Notices to Executive:	    	 [Omitted]

		
	Notices to the Company:	    	 Warner Chilcott (US), LLC
 Rockaway 80 Corporate
Center
 100 Enterprise Drive

		    	 Rockaway, NJ 07866
 (973) 442-3200 (Phone)

(973) 442-3316 (Fax)

		    	Attention: General Counsel

 10. Severability. Whenever possible, each provision of this Agreement shall be
interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction (except with
respect to Section 7, for which Section 7(d) shall apply), such invalidity, illegality or unenforceability shall not affect any other provision or any other jurisdiction, but this Agreement shall be reformed, construed and enforced in such
jurisdiction as if such invalid, illegal or unenforceable provision had never been contained herein. 
 11. Complete Agreement.
This Agreement, together with any other agreements referred to herein (other than the Prior Agreement) (and any exhibits, schedules or other documents referred to herein or therein), constitutes the complete agreement and understanding among the
parties and supersedes and preempts any prior understandings, agreements or representations by or among the parties, written or oral, whether in term sheets, presentations or otherwise, which may have related to the subject matter hereof in any way,
including, without limitation, the Prior Agreement. 
  

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 12. No Strict Construction. The language used in this Agreement shall be deemed to be the
language chosen by the parties hereto to express their mutual intent, and no rule of strict construction shall be applied against any party. 
 13. Counterparts. This Agreement may be executed in separate counterparts, each of which is deemed to be an original and all of which taken together constitute one and the same agreement. 
 14. Successors and Assigns. This Agreement is intended to bind and inure to the benefit of and be enforceable by Executive, the Company and
their respective heirs, successors and assigns, except that Executive may not assign her rights or delegate her obligations hereunder without the prior written consent of the Company. The Company will require any successor to all or substantially
all of the business and/or assets of the Company to assume expressly and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place. 
 15. Choice of Law. All issues and questions concerning the construction, validity, enforcement and interpretation of this Agreement shall
be governed by, and construed in accordance with, the laws of the State of New Jersey without giving effect to any choice of law or conflict of law rules or provisions that would cause the application of the laws of any jurisdiction other than the
State of New Jersey. 
 16. Amendment and Waiver. The provisions of this Agreement may be amended or waived only with the prior
written consent of the Company and Executive, and no course of conduct or failure or delay in enforcing the provisions of this Agreement shall affect the validity, binding effect or enforceability of this Agreement. 
 17. Arbitration. Any controversy or claim arising out of or relating to this Agreement, the making, interpretation or the breach thereof,
other than (a) a claim solely for injunctive relief for any alleged breach of the provisions of Sections 4, 5 and/or 7 as to which the parties shall have the right to apply for specific performance to any court having equity jurisdiction or
(b) the determination of Excise Tax and Gross-Up Payments, if any, pursuant to Section 3 hereof, shall be settled by arbitration in New York City by one arbitrator in accordance with the Commercial Arbitration Rules of the American
Arbitration Association and judgment upon the award rendered by the arbitrator may be entered in any court having jurisdiction thereof, and any party to the arbitration may, if she elects, institute proceedings in any court having jurisdiction for
the specific performance of any such award. The powers of the arbitrator shall include, but not be limited to, the awarding of injunctive relief. 
 18. Legal Fees and Expenses. The Company agrees to pay, as incurred, to the full extent permitted by law, all reasonable legal fees and expenses which Executive may reasonably incur as a result of (a) review and/or any
claims made regarding the Company’s determination of Excise Tax and Gross-Up Payments pursuant to Section 3 herein, or (b) any contest brought in good faith (regardless of the outcome thereof) by the Company, the Executive or others
of the validity, or enforceability of, or liability under, 
  

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any provision of this Agreement (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. 
 19. No
Mitigation or Set-Off. The provisions of this Agreement are not intended to, nor shall they be construed to, require that Executive mitigate the amount of any payment provided for in this Agreement by seeking or accepting other employment,
nor shall the amount of any payment provided for in this Agreement be reduced by any compensation earned by Executive as a result of her employment by another employer or otherwise. The Company’s obligations to make the payments to Executive
required under this Agreement, and otherwise to perform its obligations hereunder shall not be affected by any set-off, counterclaim, recoupment, defense or other claim, right or action that the Company may have against Executive. 
 20. Tax Withholding. The parties agree to treat all amounts paid to Executive hereunder as compensation for services. Accordingly, the
Company may withhold from any amount payable under this Agreement such Federal, state or local taxes as shall be required to be withheld pursuant to any applicable law or regulation. 
 21. Code Section 409A. Executive and the Company agree that it is the intent of the parties that this Agreement not violate any
applicable provision of, or result in any additional tax or penalty under, Section 409A of the Code, and that to the extent any provisions of this Agreement do not comply with Section 409A of the Code, the parties will make such changes as
are mutually agreed upon in order to comply with Section 409A of the Code. Notwithstanding any other provision with respect to the timing of payments under this Agreement, if, at the time of Executive’s termination of employment, Executive
is deemed to be a “specified employee” of the Company within the meaning of Section 409A(a)(2)(B)(i) of the Code, then only to the extent necessary to comply with the requirements of Section 409A of the Code, any payments to
which Executive may become entitled under this Agreement which are subject to Section 409A of the Code (and not otherwise exempt from its application) that are payable (i) in a lump sum within six months following the date of termination
will be withheld until the first business day after the six month anniversary of the date of termination, at which time Executive shall be paid the amount of such lump sum payments in a lump sum and (ii) in installments within six months
following the date of termination will be withheld until the first business day after the six month anniversary of the date of termination, at which time Executive shall be paid the aggregate amount of such installment payments in a lump sum, and
after the first business day of the seventh month following the date of termination and continuing each month thereafter, Executive shall be paid the regular payments otherwise due to Executive in accordance with the payment terms and schedule set
forth herein. 
  

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 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first written above.

  

			
	WARNER CHILCOTT (US), LLC
	
	 /s/ Roger M. Boissonneault

	Name:	 	Roger M. Boissonneault
	Title:	 	Chief Executive Officer
	
	Executive:
	
	 /s/ Izumi Hara

	 Name: Izumi HaraRevised Form of Change of Control Agreement

 Exhibit 10.1 
 CHANGE-IN-CONTROL AGREEMENT 
 AGREEMENT by and between Universal Corporation, a Virginia
corporation, and [Executive] (the “Executive”), dated as of the      day of                     ,
            . 
 The Board of Directors of Universal Corporation, has
determined that it is in the best interests of the Company and its shareholders to assure that the Company will have the continued dedication of the Executive, notwithstanding the possibility, threat or occurrence of a Change of Control (as defined
below) of the Company. The Board believes it is imperative to diminish the inevitable distraction of the Executive by virtue of the personal uncertainties and risks created by a pending or threatened Change of Control and to encourage the
Executive’s full attention and dedication to the Company currently and in the event of any threatened or pending Change of Control, and to provide the Executive with compensation and benefits arrangements upon a Change of Control which ensure
that the compensation and benefits expectations of the Executive will be satisfied and which are competitive with those of other corporations. Therefore, in order to accomplish these objectives, the Board has caused the Company to enter into this
Agreement. 
 NOW, THEREFORE, IT IS HEREBY AGREED AS FOLLOWS: 
 1. Certain Definitions. 
 (a) “Affiliated Companies” shall mean any company controlled by,
controlling or under common control with the Company. 
 (b) “Board” shall mean the Board of Directors of Universal Corporation. In
the event Universal Corporation is no longer traded on an established securities market and any parent of the Company is publicly traded, Board shall mean the Board of Directors of the publicly traded parent corporation. 
 (c) “Change of Control Period” shall mean the period commencing on the date hereof and ending on the third anniversary of the date hereof;
provided, however, that commencing on the date one year after the date hereof, and on each annual anniversary of such date (such date and each annual anniversary thereof shall be hereinafter referred to as the “Renewal Date”), unless
previously terminated, the Change of Control Period shall be automatically extended so as to terminate three years from such Renewal Date, unless at least 60 days prior to the Renewal Date the Company shall give notice to the Executive that the
Change of Control Period shall not be so extended. 
 (d) “Company” shall mean each of Universal Corporation and/or any of its
Subsidiaries that employ the Executive unless expressly limited to Universal Corporation. 
 (e) “Code” shall mean the Internal
Revenue Code of 1986, as amended. 
 (f) “Effective Date” shall mean the first date during the Change of Control Period (as defined
in Section 1(c)) on which a Change of Control (as defined in Section 2) occurs. Anything in this Agreement to the contrary notwithstanding, if a Change of Control occurs and if the Executive’s employment with the Company is terminated
prior to the date on which the Change of Control occurs, and if it is reasonably demonstrated by the Executive that such termination of 

  

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employment (i) was at the request of a third party who has taken steps reasonably calculated to effect a Change of Control or (ii) otherwise arose
in connection with or anticipation of a Change of Control, then for all purposes of this Agreement the “Effective Date” shall mean the date immediately prior to the date of such termination of employment. 
 (g) “Subsidiary” shall mean any corporation that is directly, or indirectly through one or more intermediaries, controlled by the Company.

 2. Change of Control. For the purpose of this Agreement, a “Change of Control” shall mean: 
 (a) The acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as
amended (the “Exchange Act”)) (a “Person”) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 20% or more of either (i) the then outstanding shares of common stock of the Company
(the “Outstanding Company Common Stock”) or (ii) 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 for purposes of this subsection (a), the following acquisitions shall not constitute a Change of Control: (i) any acquisition directly from the Company, (ii) any acquisition by the Company,
(iii) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any corporation controlled by the Company or (iv) any acquisition by any corporation pursuant to a transaction which complies
with clauses (i), (ii) and (iii) of subsection (c) of this Section 2; or 
 (b) Individuals who, as of the date hereof,
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 a majority of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for
this purpose, any such individual whose initial assumption of office occurs as a result of 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 
 (c) Consummation of a reorganization, merger or consolidation or sale or
other disposition of all or substantially all of the assets of the Company (a “Business Combination”), in each case, unless, following such Business Combination, (i) all or substantially all of the individuals and entities who were
the beneficial owners, respectively, of the Outstanding Company Common Stock and Outstanding Company Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 50% of, respectively, 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 which 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) in substantially the same proportions
as their ownership, immediately prior to such Business Combination of the Outstanding Company Common Stock and Outstanding Company Voting Securities, as the case may be, (ii) no Person (excluding any corporation resulting from such 

  

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Business Combination or 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 (iii) at least a majority of the members of the board of directors of the corporation resulting from such Business Combination were
members of the Incumbent Board at the time of the execution of the initial agreement, or of the action of the Board, providing for such Business Combination; or 
 (d) Approval by the shareholders of the Company of a complete liquidation or dissolution of the Company. 
 3. Employment Period. If the Executive is employed by the Company and/or a Subsidiary on
the Effective Date, the Company hereby agrees to continue to employ and to cause such Subsidiary to continue to employ the Executive, and the Executive hereby agrees to remain in the employ of the Company and/or such Subsidiary, subject to the terms
and conditions of this Agreement, for the period commencing on the Effective Date and ending on the earlier of (a) the third anniversary of such date, (b) the Executive’s 65th
 birthday or (c) the early retirement date requested by the Executive and agreed to by the Company prior to the Effective Date (the “Employment Period”). 
 4. Terms of Employment. 
 (a)
Position and Duties. 
 (i) During the Employment Period, (A) the Executive’s position (including status, offices, titles
and reporting requirements), authority, duties and responsibilities shall be at least commensurate in all material respects with the most significant of those held, exercised and assigned at any time during the 120-day period immediately preceding
the Effective Date and (B) the Executive’s services shall be performed at the location where the Executive was employed immediately preceding the Effective Date or any office or location less than 35 miles from such location. 

(ii) During the Employment Period, and excluding any periods of vacation and sick leave to which the Executive is entitled, the Executive agrees to
devote reasonable attention and time during normal business hours to the business and affairs of the Company and, to the extent necessary to discharge the responsibilities assigned to the Executive hereunder, to use the Executive’s reasonable
best efforts to perform faithfully and efficiently such responsibilities. During the Employment Period it shall not be a violation of this Agreement for the Executive to (A) serve on corporate, civic or charitable boards or committees,
(B) deliver lectures, fulfill speaking engagements or teach at educational institutions and (C) manage personal investments, so long as such activities do not significantly interfere with the performance of the Executive’s
responsibilities as an employee of the Company in accordance with this Agreement. It is expressly understood and agreed that to the extent that any such activities have been conducted by the Executive prior to the Effective Date, the continued
conduct of such activities (or the conduct of activities similar in nature and scope thereto) subsequent to the Effective Date shall not thereafter be deemed to interfere with the performance of the Executive’s responsibilities to the Company.

  

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 (b) Compensation. 
 (i) Base Salary. During the Employment Period, the Executive shall receive an annual base salary (“Annual Base Salary”), which shall be paid at a monthly rate, at least equal to twelve times the
highest monthly base salary paid or payable, including any base salary which has been earned but deferred, to the Executive by the Company and its Affiliated Companies in respect of the twelve-month period immediately preceding the month in which
the Effective Date occurs. During the Employment Period, the Annual Base Salary shall be reviewed no more than 12 months after the last salary increase awarded to the Executive prior to the Effective Date and thereafter at least annually. Any
increase in Annual Base Salary shall not serve to limit or reduce any other obligation to the Executive under this Agreement. Annual Base Salary shall not be reduced after any such increase and the term Annual Base Salary as utilized in this
Agreement shall refer to Annual Base Salary as so increased. 
 (ii) Annual Bonus. In addition to Annual Base Salary, the Executive
shall be awarded, for each fiscal year ending during the Employment Period, provided the Executive continues to remain employed by the Company through the last day of each such year, an annual bonus (the “Annual Bonus”) in cash at least
equal to the greater of (A) the annual bonus Executive would have earned under the bonus plan of the Company in effect on the Effective Date using the base salary, target bonus opportunity, performance measures and performance targets in effect
for Executive on the Effective Date, or the immediately preceding year if such bonus criteria have not been set for the fiscal year in which the Change of Control occurs (the “Most Recent Annual Bonus Formula”), or
(B) Executive’s target bonus opportunity under his Most Recent Annual Bonus Formula (the “Most Recent Target Bonus”). Such Annual Bonus shall be paid no earlier than the first day of the first month and no later than the
fifteenth day of the third month in each case of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus. 
 (iii) Incentive, Savings and Retirement Plans. During the Employment Period, the Executive shall be entitled to participate in all incentive,
savings and retirement plans, practices, policies and programs applicable generally to other peer executives of the Company and its Affiliated Companies, but in no event shall such plans, practices, policies and programs provide the Executive with
incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, less
favorable, in the aggregate, than the most favorable of those provided by the Company and its Affiliated Companies for the Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately
preceding the Effective Date or if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its Affiliated Companies. 
 (iv) Welfare Benefit Plans. During the Employment Period, the Executive and/or the Executive’s family, as the case may be, shall be eligible
for participation in and shall receive all benefits under welfare benefit plans, practices, policies and programs provided by the Company and its Affiliated Companies (including, without limitation, medical, prescription, dental, disability,
employee life, group life, accidental death and travel accident insurance plans and programs) to the extent applicable generally to other peer executives of the Company and its Affiliated Companies, but in no event shall such plans, practices,
policies and programs provide 

  

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the Executive with benefits which are less favorable, in the aggregate, than the most favorable of such plans, practices, policies and programs in effect for
the Executive at any time during the 120-day period immediately preceding the Effective Date. 
 (v) Expenses. During the Employment
Period the Executive shall be entitled to receive prompt reimbursement for all reasonable expenses incurred by the Executive in accordance with the most favorable policies, practices and procedures of the Company and its Affiliated Companies in
effect for the Executive at any time during the 120-day period immediately preceding the Effective Date. 
 (vi) Fringe Benefits.
During the Employment Period, the Executive shall be entitled to fringe benefits in accordance with the most favorable plans, practices, programs and policies of the Company and its Affiliated Companies in effect for the Executive at any time during
the 120-day period immediately preceding the Effective Date. 
 (vii) Office and Support Staff. During the Employment Period, the
Executive shall be entitled to an office of a size and with furnishings and other appointments, and to secretarial and other assistance, at least equal to the most favorable of the foregoing provided to the Executive by the Company and its
Affiliated Companies at any time during the 120-day period immediately preceding the Effective Date. 
 (viii) Vacation. During the
Employment Period, the Executive shall be entitled to paid vacation in accordance with the most favorable plans, policies, programs and practices of the Company and its Affiliated Companies as in effect for the Executive at any time during the
120-day period immediately preceding the Effective Date. 
 5. Termination of Employment. 
 (a) Death or Disability. The Executive’s employment shall terminate automatically upon the Executive’s death during the Employment
Period. If the Company determines in good faith that the Disability of the Executive has occurred during the Employment Period (pursuant to the definition of Disability set forth below), it may give to the Executive written notice in accordance with
Section 12(b) of this Agreement of its intention to terminate the Executive’s employment. In such event, the Executive’s employment with the Company shall terminate effective on the 30th day after receipt of such notice by the
Executive (the “Disability Effective Date”), provided that, within the 30 days after such receipt, the Executive shall not have returned to full-time performance of the Executive’s duties. For purposes of this Agreement,
“Disability” shall mean the absence of the Executive from the Executive’s duties with the Company on a full-time basis for 180 consecutive business days as a result of incapacity due to mental or physical illness which is determined
to be total and permanent by a physician selected by the Company or its insurers and acceptable to the Executive or the Executive’s legal representative. 
 (b) Cause. The Company may terminate the Executive’s employment during the Employment Period for Cause. For purposes of this Agreement, “Cause” shall mean: 
 (i) the willful and continued failure of the Executive to perform substantially the Executive’s duties with the Company or one of its affiliates
(other than any such failure resulting from incapacity due to physical or mental illness), after a written demand for substantial performance is delivered to the Executive by the Board or the Chief Executive Officer of the Company which specifically
identifies the manner in which the Board or Chief Executive Officer believes that the Executive has not substantially performed the Executive’s duties, or 
  

 Page 5 

 (ii) the willful engaging by the Executive in illegal conduct or gross misconduct which is materially
and demonstrably injurious to the Company. 
 For purposes of this provision, no act or failure to act, on the part of the Executive, shall be considered
“willful” unless it is done, or omitted to be done, by the Executive in bad faith or without reasonable belief that the Executive’s action or omission was in the best interests of the Company. Any act, or failure to act, based upon
authority given pursuant to a resolution duly adopted by the Board or upon the instructions of the Chief Executive Officer or a senior named executive officer of the Company or based upon the advice of counsel for the Company shall be conclusively
presumed to be done, or omitted to be done, by the Executive in good faith and in the best interests of the Company. The cessation of employment of the Executive shall not be deemed to be for Cause unless and until there shall have been delivered to
the Executive a copy of a resolution duly adopted by the affirmative vote of not less than three-quarters of the entire membership of the Board at a meeting of the Board called and held for such purpose (after reasonable notice is provided to the
Executive and the Executive is given an opportunity, together with counsel, to be heard before the Board), finding that, in the good faith opinion of the Board, the Executive is guilty of the conduct described in subparagraph (i) or
(ii) above, and specifying the particulars thereof in detail. 
 (c) Good Reason. The Executive’s employment may be
terminated by the Executive for Good Reason. For purposes of this Agreement, “Good Reason” shall mean, without the consent of the Executive: 
 (i) a material diminution in the Executive’s authority, duties or responsibilities contemplated by Section 4(a) of the Agreement, or in the authority, duties or responsibilities of the supervisor to whom the
Executive is to report (including, if applicable, a requirement that the Executive report to a corporate officer or employee instead of reporting directly to the Board); 
 (ii) a material diminution in the Executive’s base compensation contemplated by Section 4(b) of the Agreement; 
 (iii) a material change in the geographic location at which the Executive must perform services as contemplated by Section 4(a)(i)(B); or 
 (iv) any other material breach by the Company of this Agreement,. 
 Executive’s mental or physical incapacity following the occurrence of an event described in clauses (i) through (iv) shall not affect Executive’s ability to terminate for Good Reason and Executive’s eligibility for
retirement shall not be a basis to deny benefits payable to Executive under this Agreement following his resignation for Good Reason if Executive otherwise has Good Reason to resign. The Executive shall be required to provide the Company written
notice of the existence of the condition described above within sixty (60) days of the initial existence of the condition, upon receipt of which notice the Company shall have sixty (60) days in which it may remedy the condition without
being required to pay the Executive the amounts contemplated in Section 6(a) below. If the Company fails to remedy the condition within sixty (60) days of receipt of such notice, the Executive may then file a Notice of Termination for Good

  

 Page 6 

 
Reason as provided in Section 5(d) below; provided such Notice of Termination must be filed no later than one hundred and eighty (180) days from
the initial existence of the condition giving rise to the termination, or else Executive shall waive his right to terminate for Good Reason based upon such condition. 
 (d) Notice of Termination. Any termination by the Company for Cause, or by the Executive for Good Reason, shall be communicated by Notice of Termination to the other party hereto given in accordance with
Section 12(b) of this Agreement. For purposes of this Agreement, a “Notice of Termination” means a written notice which (i) indicates the specific termination provision in this Agreement relied upon, (ii) to the extent
applicable, sets forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive’s employment under the provision so indicated and (iii) with respect to a termination by the Company for
Cause only, if the Date of Termination (as defined below) is other than the date of receipt of such notice, specifies the termination date (which date shall be not more than thirty days after the giving of such notice). The failure by the Executive
or the Company to set forth in the Notice of Termination any fact or circumstance which contributes to a showing of Good Reason or Cause shall not waive any right of the Executive or the Company, respectively, hereunder or preclude the Executive or
the Company, respectively, from asserting such fact or circumstance in enforcing the Executive’s or the Company’s rights hereunder. 
 (e) Date of Termination. “Date of Termination” means (i) if the Executive’s employment is terminated by the Company for Cause, the date of receipt of the Notice of Termination or any later date specified therein,
as the case may be, (ii) if the Executive’s employment is terminated by the Executive for Good Reason, the date of receipt of the Notice of Termination; (iii) if the Executive’s employment is terminated by the Company other than
for Cause or Disability, the Date of Termination shall be the date on which the Company notifies the Executive of such termination and (iii) if the Executive’s employment is terminated by reason of death or Disability, the Date of
Termination shall be the date of death of the Executive or the Disability Effective Date, as the case may be. 
 6. Obligations of the
Company upon Termination. 
 (a) Good Reason; Other Than for Cause, Death or Disability. If, during the Employment Period, the
Company shall terminate the Executive’s employment other than for Cause or Disability or the Executive shall terminate employment for Good Reason: 
 (i) the Company shall pay to the Executive in a lump sum in cash within 30 days after the Date of Termination the aggregate of the following amounts: 
 A. the sum of (1) the Executive’s Annual Base Salary through the Date of Termination to the extent not theretofore paid and (2) the
product of (x) the higher of (I) Executive’s Most Recent Target Bonus and (II) the annual bonus paid or payable, including any bonus or portion thereof which has been earned but deferred (and annualized for any fiscal year consisting
of less than twelve full months or during which the Executive was employed for less than twelve full months), for the most recently completed fiscal year (such higher amount being referred to as the “Recent Annual Bonus”) and (y) a
fraction, the numerator of which is the number of days in the current fiscal year through the Date of Termination, and the denominator of which is 365, in each case to the extent not theretofore paid (the sum of the amounts described in clauses
(1) and (2) shall be hereinafter referred to as the “Accrued Obligations”); and 
  

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 B. the amount equal to the product of (1) 2.99, (2) the sum of (x) the Executive’s
Annual Base Salary and (y) the Recent Annual Bonus and (3) a fraction, the numerator of which is the number of full months from the Date of Termination to the end of the Employment Period and the denominator of which is 36; and 

C. an amount equal to the excess of (1) the actuarial equivalent of the benefit under the qualified defined benefit retirement plan of the
Company or any of its Affiliated Companies (the “Retirement Plan”) (utilizing actuarial assumptions no less favorable to the Executive than those in effect under the Retirement Plan immediately prior to the Effective Date), and any excess
or supplemental retirement plan of the Company or any of its Affiliated Companies in which the Executive participates (together, the “BRP”) which the Executive would receive if the Executive’s employment continued after the Date of
Termination until the end of the Employment Period assuming for this purpose that all accrued benefits are fully vested, and, assuming that the Executive’s compensation during such period had been the amount required by Section 4(b)(i) and
Section 4(b)(ii), such compensation had been paid monthly and Executive is three years older over (2) the actuarial equivalent of the Executive’s actual benefit (paid or payable), if any, under the Retirement Plan and the BRP as of
the Date of Termination; 
 (ii) subject to subsection (e)(iii) below, for the period from Executive’s Date of Termination through the
earlier of (1) December 31 of the second calendar year following the calendar year of Executive’s Date of Termination or (2) the end of the Employment Period, the Company shall continue benefits to the Executive and/or the
Executive’s family at least equal to those which would have been provided to them in accordance with the plans, programs, practices and policies described in Section 4(b)(iv) of this Agreement if the Executive’s employment had not
been terminated or, if more favorable to the Executive, as in effect generally at any time thereafter with respect to other peer executives of the Company and its Affiliated Companies and their families at a cost to Executive no greater than the
cost Executive would have paid for such benefits if he had remained employed, provided, however, that if the Executive becomes reemployed with another employer and is eligible to receive medical or other welfare benefits under another employer
provided plan, the medical and other welfare benefits described herein shall be secondary to those provided under such other plan during such applicable period of eligibility. For purposes of determining eligibility (but not the time of commencement
of benefits) of the Executive for retiree benefits pursuant to such plans, practices, programs and policies, the Executive shall be considered to have remained employed until the earlier of three years after the Date of Termination or the end of the
Employment Period and to have retired on the last day of such period; 
 (iii) the Company shall, at its sole expense as incurred, provide
the Executive for a period lasting no later than December 31 of the second calendar year following the year in which the Executive’s termination of employment has occurred, with reasonable outplacement services the scope and provider of
which shall be selected by the Executive up to a maximum of $10,000; and 
 (iv) to the extent not theretofore paid or provided, the Company
shall timely pay or provide to the Executive any other amounts or benefits required to be paid or provided or which the Executive is eligible to receive under any plan, program, policy or practice or contract or agreement of the Company and its
Affiliated Companies in accordance with the terms of such plans, programs, policies, practices or contracts (such other amounts and benefits shall be hereinafter referred to as the “Other Benefits”). 
  

 Page 8 

 Executive’s resignation for Good Reason shall not provide a basis for denying Executive any retirement or other
benefits if he otherwise qualifies for such benefits. 
 (b) Death. If the Executive’s employment is terminated by reason of the
Executive’s death during the Employment Period, this Agreement shall terminate without further obligations to the Executive’s legal representatives under this Agreement, other than for payment of Accrued Obligations and the timely payment
or provision of Other Benefits. Accrued Obligations shall be paid to the Executive’s estate or beneficiary, as applicable, in a lump sum in cash within 30 days of the Date of Termination. With respect to the provision of Other Benefits, the
term Other Benefits as utilized in this Section 6(b) shall include, without limitation, and the Executive’s estate and/or beneficiaries shall be entitled to receive, benefits at least equal to the most favorable benefits provided by the
Company and Affiliated Companies to the estates and beneficiaries of peer executives of the Company and such Affiliated Companies under such plans, programs, practices and policies relating to death benefits, if any, as in effect with respect to
other peer executives and their beneficiaries at any time during the 120-day period immediately preceding the Effective Date or, if more favorable to the Executive’s estate and/or the Executive’s beneficiaries, as in effect on the date of
the Executive’s death with respect to other peer executives of the Company and its Affiliated Companies and their beneficiaries. 
 (c)
Disability. If the Executive’s employment is terminated by reason of the Executive’s Disability during the Employment Period, this Agreement shall terminate without further obligations to the Executive, other than for payment of
Accrued Obligations and the timely payment or provision of Other Benefits. Accrued Obligations shall be paid to the Executive in a lump sum in cash within 30 days of the Date of Termination. With respect to the provision of Other Benefits, the term
Other Benefits as utilized in this Section 6(c) shall include, and the Executive shall be entitled after the Disability Effective Date to receive, disability and other benefits at least equal to the most favorable of those generally provided by
the Company and its Affiliated Companies to disabled executives and/or their families in accordance with such plans, programs, practices and policies relating to disability, if any, as in effect generally with respect to other peer executives and
their families at any time during the 120-day period immediately preceding the Effective Date or, if more favorable to the Executive and/or the Executive’s family, as in effect at any time thereafter generally with respect to other peer
executives of the Company and its Affiliated Companies and their families. 
 (d) Cause; Other than for Good Reason. If the
Executive’s employment shall be terminated for Cause during the Employment Period, this Agreement shall terminate without further obligations to the Executive other than the obligation to pay to the Executive (x) his Annual Base Salary
through the Date of Termination, (y) the amount of any compensation previously deferred by the Executive in accordance with the terms of the plan or arrangement pursuant to which such compensation, if any, was deferred, and (z) Other
Benefits, in each case to the extent theretofore unpaid. If the Executive voluntarily terminates employment during the Employment Period, excluding a termination for Good Reason, this Agreement shall terminate without further obligations to the
Executive, other than the obligation to pay to the Executive (w) his Annual Base Salary through the Date of Termination, (x) the annual bonus, if any, for the fiscal year in which the Date of Termination occurs multiplied by a fraction,
the numerator of 

  

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which is the number of days in such fiscal year through the Date of Termination, and the denominator of which is 365, payable subject to the satisfaction of
all applicable performance conditions at the same time as such bonuses are paid to similarly-situated active employees of the Company, (y) the amount of any compensation previously deferred by the Executive in accordance with the terms of the
plan or arrangement pursuant to which such compensation, if any, was deferred, and (z) Other Benefits, in each case to the extent not theretofore paid. 
 (e) Application of Code Section 409A. 
 (i) Notwithstanding any other provision in this
Agreement, the Executive and the Company intend for payments under this Agreement to be exempt from Code Section 409A to the extent of any available exemption, and to comply with the provisions of Code Section 409A and any Treasury
Regulations issued thereunder to the extent an exemption is not available. Each provision and term of this Agreement should be interpreted accordingly. If any provision or term of this Agreement would result in an additional tax under Code
Section 409A(a)(1)(B) (the “Section 409A Tax”), then such provision shall be deemed to be conformed to comply with Code Section 409A or, if such conformation is not possible, such provision shall be null and void to the extent,
and only to the extent, required to eliminate the Section 409A Tax, without effecting the remainder of this Agreement, but only if such modification results in the Executive realizing a greater after-tax benefit taking into consideration all
applicable federal, state and local income taxes, and any interest and penalties thereon, including any Section 409A Tax. Notwithstanding anything in this Agreement to the contrary, in the event that any payment under this Agreement is
determined to be subject to the Section 409A Tax, Executive shall be solely liable for the payment of such tax. 
 (ii) To the extent
required by Code Section 409A, in the event the Executive is a “specified employee” as provided in Code Section 409A(a)(2)(B)(i) on the Date of Termination, any amounts payable hereunder that are subject to Code Section 409A
that would otherwise be paid during the first six months following the Date of Termination shall be aggregated and paid instead in a single lump on (or as soon as administratively practicable, but in any event no later than 90 days, after) the first
business day after the six month anniversary of the Date of Termination (or the date of the Executive’s death if earlier). Whether the Executive is a specified employee shall be determined by the Company in accordance with guidelines adopted by
the Company for this purpose or, in the absence of such guidelines, in accordance with Section 1.409A-1(i) of the U.S. Treasury Regulations, applying the default terms thereof. 
 (iii) If any benefit, including any reimbursement or in-kind benefit, described in subsection (a)(ii) above (A) is not excludible from the
Executive’s gross income, (B) is not for an expense the Executive could otherwise deduct under Code section 162 or 167 as business expenses incurred in connection with the performance of services (ignoring any applicable limitation based
on adjusted gross income); (C) is not for reasonable outplacement or moving expenses actually incurred by the Executive and directly related to the termination of his services for the Employer; (D) is not for a medical expense the
Executive could otherwise deduct under Code section 213 (disregarding the requirement of section 213(a) that the deduction is available only to the extent that such expenses exceed 7.5 percent of adjusted gross income) during the COBRA period
applicable or otherwise applicable to the Executive; (E) if not otherwise excluded pursuant to (A) through (D) above, does not, in the aggregate with all other non-excludible benefits, exceed the applicable dollar amount under Code
section 402(g)(1)(B) for the 

  

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year of the Executive’s separation from service, or (F) is not otherwise excluded from coverage under Section 409A of the Code, then,
notwithstanding anything in subsection (a)(ii) to the contrary, the payment of any such benefit by the Employer shall be made in accordance with the rules described in (1) through (3) below, subject to any delay required by subsection
(e)(ii) above: (1) the amount of such benefit or payment thereof receivable by the Executive under any such plan or program in one taxable year shall not affect the amount of benefits or payments Executive may be eligible to receive in any
other taxable year, (2) the right to such benefit or payment thereof under any such plan or program shall not be subject to liquidation or exchange for any other benefit, and (3) the reimbursement under any such plan or program of an
expense incurred by the Executive shall be made on or before the last day of the Executive’s taxable year following the year in which the expense was incurred. The Executive shall be responsible for submitting claims for reimbursement in a
timely manner to enable payment within the timeframe provided herein. 
 7. Non-exclusivity of Rights. Nothing in this Agreement shall
prevent or limit the Executive’s continuing or future participation in any plan, program, policy or practice provided by the Company or any of its Affiliated Companies and for which the Executive may qualify, nor, subject to Section 12(f),
shall anything herein limit or otherwise affect such rights as the Executive may have under any contract or agreement with the Company or any of its Affiliated Companies. Amounts which are vested benefits or which the Executive is otherwise entitled
to receive under any plan, policy, practice or program of or any contract or agreement with the Company or any of its Affiliated Companies at or subsequent to the Date of Termination shall be payable in accordance with such plan, policy, practice or
program or contract or agreement except as explicitly modified by this Agreement. 
 8. Full Settlement. The Company’s obligation
to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any set-off, counterclaim, recoupment, defense or other claim, right or action which the Company may have against the
Executive or others. In no event shall the Executive be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to the Executive under any of the provisions of this Agreement and such amounts shall not
be reduced whether or not the Executive obtains other employment. Subject to section 6(e)(iii) above, the Company agrees to pay as incurred, to the full extent permitted by law, all legal fees and expenses which the Executive may reasonably incur as
a result of any contest (regardless of the outcome thereof) by the Company, the 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 the 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 Code Section 7872(f)(2)(A). 
 9. Limitation of Payments. 
 (a)
Anything in this Agreement to the contrary notwithstanding and except as set forth below, in the event it shall be determined that any payment or distribution by the Company to or for the benefit of the Executive (whether paid or payable or
distributed or distributable pursuant to the terms of this Agreement or otherwise) would be subject to the excise tax imposed by Code Section 4999 (the “Excise Tax”) then the payments to Executive under this Agreement, starting with
the payment described in Section 6(a)(i)(B), and proceeding to the payment described in 

  

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Section 6(a)(i)(C) if necessary, then to the payment described in Section 6(a)(i)(A) if necessary, then to the payments described in
Section 6(a)(ii), (iii) and (iv) if necessary and in that order, shall be reduced by the amount necessary to eliminate the Excise Tax but only if such reduction results in Executive realizing a greater net after tax benefit taking
into consideration all applicable federal, state and local income taxes and the Excise Tax. 
 (b) All determinations required to be made
under this Section 9, including whether the Executive will be subject to the Excise Tax, and the assumptions to be utilized in arriving at such determinations, shall be made by a nationally recognized certified public accounting firm as may be
designated by the Executive (the “Accounting Firm”) which shall provide detailed supporting calculations both to the Company and the Executive. All fees and expenses of the Accounting Firm shall be borne solely by the Company. Any
determination by the Accounting Firm shall be binding upon the Company and the Executive. 
 10. Non-competition. Throughout any
period during which Executive is an employee of the Company, and for a period of thirty-six (36) months from and after the date upon which Executive shall cease during the employment period for any reason whatsoever to be an employee of the
Company (the “Employment Cessation Date”) or for a period of thirty-six (36) months from the date of entry by a court of competent jurisdiction of a final judgment enforcing this covenant in the event of a breach by Executive,
whichever is later, Executive covenants and agrees that Executive will not directly or indirectly, for himself or for the benefit of another engage, either as an individual, proprietor, stockholder, owner, partner, director, officer, employee,
agent, broker, consultant or otherwise, in any Competitive Business, as defined herein. For purposes of this Agreement, a “Competitive Business” is one that produces, provides or sells products or services within the Restricted Area
substantially similar to those produced, provided or sold by the Company as of the Employment Cessation Date; “Competitive Business” shall also include any customer of the Company that purchased or received greater than ten percent
(10%) of the products and services sold or provided by the Company during the twelve (12) month period prior to the Employment Cessation Date. For purposes of this agreement, the “Restricted Area” shall mean only those certain
States within the United States of America and in such other countries wherein the Company actually produced, provided or sold products or services during the twelve (12) month period prior to the Employment Cessation Date. 
 11. Non-Solicitation/No Raiding. Throughout any period during which Executive is an employee of the Employer, and for a period of thirty-six
(36) months from and after the Employment Cessation Date or for a period of thirty-six (36) months from the date of entry by a court of competent jurisdiction of a final judgment enforcing this covenant in the event of a breach by
Executive, whichever is later, Executive covenants and agrees that Executive will not directly or indirectly, for himself or for the benefit of another: 
 (a) solicit any person who, during the twelve month period immediately preceding the date of the solicitation if the Executive is still employed hereunder on that date, and the Employment Cessation Date if the
solicitation occurs after the Employment Cessation Date, paid or engaged the Company for products or services of any type or who received the benefit of the Company’s services (“Customer”) to withdraw, curtail or cancel such
Customer’s relationship with the Company; 
  

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 (b) agree to provide or provide for any Customer products or services of any type that the Company
renders to its Customers; or 
 (c) induce or influence, or attempt to induce or influence, any person who is an employee, agent, independent
contractor, partner, officer or director of the Company to terminate his or her relationship with the Company. 
 12. Confidential
Information. The Executive shall hold in a fiduciary capacity for the benefit of the Company all secret or confidential information, knowledge or data relating to the Company or any of its Affiliated Companies, and their respective businesses,
which shall have been obtained by the Executive during the Executive’s employment by the Company or any of its Affiliated Companies and which shall not be or become public knowledge (other than by acts by the Executive or representatives of the
Executive in violation of this Agreement). After termination of the Executive’s employment with the Company, the Executive shall not, without the prior written consent of the Company or as may otherwise be required by law or legal process,
communicate or divulge any such information, knowledge or data to anyone other than the Company and those designated by it. 
 13. No
Disparagement. The Company agrees that no officer, executive, or representative of Employer shall engage in conduct, verbal or otherwise, with the purpose or effect of disparaging or damaging the reputation, goodwill, or standing in the
community of Employee, including but not limited to any statements or communications reflecting negatively on Employee’s employment with or services for the Company or his personal comportment. Employee agrees that he shall not engage in
conduct, verbal or otherwise, with the purpose or effect of disparaging or damaging the reputation, goodwill, or standing in the community of the Company or any of its Affiliated Companies or employees, including but not limited to any statements or
communications reflecting negatively on employment with the Company. 
 14. Survival of Covenants and Remedies. 
 (a) The agreements and covenants made by Executive and the Company in, and the obligations of Executive and the Company under, Sections 10, 11, 12 and 13
shall survive the termination of this Agreement. Each such agreement and covenant by Executive and the Company shall be construed as a covenant and agreement independent of any other provision herein and the existence of any claim or cause of action
by either party against the other shall not constitute a defense to the enforcement of the provisions of any such covenant or agreement. 
 (b) In no event shall an asserted violation of the provisions of Sections 10, 11, 12 or 13 constitute a basis for deferring or withholding any amounts otherwise payable to the Executive under this Agreement. 
 15. Guaranty. A Subsidiary that executes this Agreement absolutely and unconditionally guarantees to the Executive the performance of all
obligations of the Company under this Agreement. 
 16. Successors. 
 (a) This Agreement is personal to the Executive and without the prior written consent of the Company shall not be assignable by the Executive otherwise
than by will or the laws of descent and distribution. This Agreement shall inure to the benefit of and be enforceable by the Executive’s legal representatives. 
  

 Page 13 

 (b) This Agreement shall inure to the benefit of and be binding upon the Company and its successors and
assigns. 
 (c) The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all
or substantially all of the business and/or assets of the Company to assume expressly and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken
place. As used in this Agreement, “Company” shall mean the Company as hereinbefore defined and any successor to its business and/or assets as aforesaid which assumes and agrees to perform this Agreement by operation of law, or otherwise.

 17. Miscellaneous. 
 (a) This Agreement shall be governed by and construed in accordance with the laws of the Commonwealth of Virginia without reference to principles of conflict of laws. The captions of this Agreement are not part of the provisions hereof and
shall have no force or effect. This Agreement may not be amended or modified otherwise than by a written agreement executed by the parties hereto or their respective successors and legal representatives. 
 (b) All notices and other communications hereunder shall be in writing and shall be given by hand delivery to the other party or by registered or
certified mail, return receipt requested, postage prepaid, addressed as follows: 
 If to the Executive: 
 [Executive] 
 c/o Universal
Corporation 
 1501 North Hamilton Street 
 Richmond, Virginia 23230 
 If to the Company: 
 Universal Corporation 
 1501 North Hamilton
Street 
 Richmond, Virginia 23230 
 Attention: General Counsel 
 or to such other address as either party shall have furnished to the other in writing in accordance herewith. Notice
and communications shall be effective when actually received by the addressee. 
 (c) The invalidity or unenforceability of any provision of
this Agreement shall not affect the validity or enforceability of any other provision of this Agreement. 
 (d) The Company may withhold from
any amounts payable under this Agreement such federal, state, local or foreign taxes as shall be required to be withheld pursuant to any applicable law or regulation. 
 (e) The Executive’s or the Company’s failure to insist upon strict compliance with any provision of this Agreement or the failure to assert any right the Executive or the Company may 

  

 Page 14 

 
have hereunder, including, without limitation, the right of the Executive to terminate employment for Good Reason pursuant to Sections 5(c)(i)-(v) of
this Agreement, shall not be deemed to be a waiver of such provision or right or any other provision or right of this Agreement. 
 (f) The
Executive and the Company acknowledge that, except as may otherwise be provided under any other written agreement between the Executive and the Company, the employment of the Executive by the Company is “at will” and, subject to
Section 1(a) hereof, prior to the Effective Date, the Executive’s employment and/or this Agreement may be terminated by either the Executive or the Company at any time prior to the Effective Date, in which case the Executive shall have no
further rights under this Agreement. From and after the Effective Date this Agreement shall supersede any other agreement between the parties with respect to the subject matter hereof. 
 (g) The Executive and the Company hereby acknowledge and agree that this Agreement is intended to replace and supersede the Change of Control Employment
Agreement between Executive and the Company dated November 17, 2006 and that such former agreement is terminated as of the date hereof. 
 IN WITNESS WHEREOF, the Executive has hereunto set the Executive’s hand and, pursuant to the authorization from its Board of Directors, Universal Corporation has caused these presents to be executed in its name on its behalf, all as of
the day and year first above written. 
  

			
	UNIVERSAL CORPORATION
		
	By:	 	  

	Title:	 	Executive Vice President & Chief Financial Officer
	
	  

	UNIVERSAL LEAF TOBACCO COMPANY, INCORPORATED
		
	By:	 	  

	Title:	 	Executive Vice President & Chief Financial Officer
	
	  

	[Executive]

  

 Page 15

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