Document:

EX-10.4(B)

 

	 	 	 	 	 
	Option #                     

	 	MYLAN LABORATORIES INC.
	 	EXHIBIT 10.4(b)
	

	 	2003 LONG-TERM INCENTIVE PLAN	 	 
	

	 	STOCK OPTION AGREEMENT	 	 

                     (the “Optionee”) is granted, effective as of the ___ day of                     
(the “Date of Grant”), options (the “Options”) to purchase shares of Common Stock (“Common Stock”)
of Mylan Laboratories Inc. (the “Option Shares”) pursuant to the 2003 Long-Term Incentive Plan (the
“Plan”) of Mylan Laboratories Inc. (the “Corporation”). The Options are subject to the terms and
conditions set forth below and in the Plan, which is a part of this Stock Option Agreement (the
“Agreement”).

	1.  	 Exercise Price: $  per            Option share 
	 
	2.  	 Number of Option Shares:                     
	 
	3.  	Type of Option:                     
	 
	4.  	Vesting: The Options granted hereunder will become vested in accordance with
the following schedule:

	 	 	 	 	 	 	 
	 

	 	Date of Vesting
	 	Option Shares Vested
	 	 
	

	 	                    
	 	                    	 	 
	

	 	                    
	 	                    	 	 
	

	 	                    
	 	                    	 	 
	

	 	                    
	 	                    	 	 

	5.  	Exercise of Option: Options may be exercised in accordance with the rules contained in
Article VI, Section 6.04 Option Exercise Procedures, of the Plan.
	 
	6.  	Expiration Date: Subject to earlier termination as provided in Article VI, Section 6.03 (e)
of the Plan, the Options granted hereunder shall expire at 12:01 a.m. Eastern Standard Time on
the tenth (10th) annual anniversary of the Date of Grant, unless earlier exercised.
This option will expire upon the occurrence of certain events related to the termination of
your employment. Although in most instances you will have some period of time between the
last day of your employment and the termination of your option, you should consult the
enclosed Summary of Plan Features for the 2003 Long-Term Incentive Plan, to ensure that you do
not forfeit any rights under this agreement. This agreement does not constitute an employment
contract.
	 
	7.  	Limitation Of Liability Of The Committee And Board Of Directors: The Optionee agrees that
the liability of the officers and the Board of Directors of the Corporation to the Optionee
under this Agreement shall be limited to those actions or failure to take actions which
constitute self-dealing, willful misconduct or recklessness.
	 
	8.  	Law Governing: This Agreement shall be governed by and construed under the internal laws of
the Commonwealth of Pennsylvania.

	 	 	 
	Mylan Laboratories Inc.
	 	 
	 2003 Long-Term Incentive Plan Subcommittee

	 	Optionee
	 
	 	 
	 

	 	 
	By: Robert J. Coury

	 	[Name]
	Title: Vice Chairman and CEOEX-10.4(C)

 

Exhibit 10.4(c)

MYLAN LABORATORIES INC.

2003 LONG-TERM INCENTIVE PLAN

NOTICE OF RESTRICTED SHARE AWARD

Notice is hereby given that, by action of the Compensation Committee of the Board of Directors of
Mylan Laboratories Inc. (the “Company”), ________________________ (the “Participant”) has been
granted, effective as of the ___ day of ___________, 20__, a restricted share award (the “Award”)
of common stock (the “Shares”) of the Company pursuant to the Company’s 2003 Long-Term Incentive
Plan (the “Plan”). The Award is subject to the terms and conditions set forth below and in the
Plan, which is a part of this Notice of Restricted Share Award (this “Notice”).

1. Number of Shares: ________________

2. Restrictions: During the Restriction Period (as defined below), the Participant shall not: (i)
offer, sell, contract to sell, pledge, assign, grant any option to purchase, make any short sale or
otherwise dispose of any of the Shares, or (ii) engage directly or indirectly in any transaction
the likely result of which would involve a transaction prohibited by clause (i), except as
otherwise described herein or in the Plan. The stock certificate representing the Shares and
registered in the name of the Participant will be held in custody by the Company or its designee.

“Restriction Period” shall mean the period ending on the earliest to occur of the following: (i)
______________; (ii) a Change of Control (as defined in ____________
__________________________________); or (iii) the Participant’s death or Permanent Disability (as
defined in the Plan).

3. Forfeiture: In the event of the termination of Participant’s employment by the Company for
Cause (as defined below) or by the Participant without Good Reason (as defined below), all Shares
shall automatically be forfeited to the Company and this Notice shall be of no further force and
effect. In the event of the termination of Participant’s employment by the Company without Cause
or by the Participant with Good Reason, a certificate representing the Retained Shares (as
calculated below) shall be delivered to the Participant and all other Shares shall automatically be
forfeited to the Company and this Notice shall be of no further force or effect. As used herein,
the number of “Retained Shares” shall be calculated as follows:

	 	 	 	 	 
	

	 	X
	 	x Y
	

	 	 	 	 
	

	 	[# of days in restriction period]	 	 

where “X” equals the number of days between the date hereof and the effective date of the
Participant’s termination and “Y” equals the number of Shares set forth in Item 1 above.

As used herein, “Cause” is defined as: (i) willful and substantial misconduct with respect to the
Company’s business or affairs, or gross neglect of duties, subject in each case to a

 

 

30-day cure period following written notice by the Company of its belief that acts or events
constituting Cause exist; or (ii) conviction of a felony.

As used herein, “Good Reason” is defined as: (i) a reduction of the Participant’s compensation or
responsibilities, unless all other similarly situated senior executives of the Company are required
to accept a similar reduction; or (ii) a relocation of Participant’s principal place of work to a
location more than 30 miles from _______________________.

4. Governing Law: The terms and conditions of this Notice shall be governed by and construed in
accordance with the laws of the Commonwealth of Pennsylvania.

     This Notice is executed on behalf of the Compensation Committee, effective as of the date
first set forth above.

	 	 	 
	

	 	 
	

	 	Laurence S. DeLynn
	

	 	Chairman of the Compensation Committee

     The undersigned Participant hereby acknowledges receipt of this Notice and agrees to and
accepts the terms and conditions set forth herein.

	 	 	 
	

	 	Participant:EX-10.1

 

Exhibit 10.1

EIGHTH AMENDMENT

TO THE SCOTTS COMPANY

RETIREMENT SAVINGS PLAN

     WHEREAS, The Scotts Company (“Scotts”) sponsored The Scotts Company Retirement Savings Plan
(the “Plan”); and

     WHEREAS, on March 18, 2005 (the “Effective Time”), Scotts consummated the restructuring of
Scotts’ corporate structure into a holding company structure by merging Scotts into a wholly-owned
second-tier Ohio limited liability company subsidiary, The Scotts Company LLC (the “Company”),
pursuant to the Agreement and Plan of Merger, dated as of December 13, 2004 (the “Merger
Agreement”), by and among Scotts, The Scotts Miracle-Gro Company (“Scotts Miracle-Gro”) and the
Company; and

     WHEREAS, in connection with and as a result of the merger of Scotts into the Company, the
Company assumed, as of the Effective Time, the Plan and all obligations and liabilities of Scotts
thereunder; and

     WHEREAS, Section 11.6 of the Plan provides that the Company may amend the Plan;

     NOW, THEREFORE, effective as of March 18, 2005, the Plan is amended as follows to reflect the
Company’s assumption of the Plan:

     1. The title of the Plan is amended to be “The Scotts Company LLC Retirement Savings Plan.”

     2. The first recital of the Plan is amended and restated to read, in its entirety, as follows:
WHEREAS, The Scotts Company LLC (the “Company”) sponsors The Scotts Company LLC Retirement Savings
Plan (the “Plan”); and

     3. The definition of “Administrative Committee” contained in Section 1 of the Plan is amended
and restated to read as follows: “Administrative Committee” means the committee appointed as such
by the Company under the provisions of the Plan or, in the absence of such appointment, the
Company. The Administrative Committee is the administrator of the Plan within the meaning of
Section 3(16) of ERISA.

     4. The definition of “Board of Directors” contained in Section 1 of the Plan is deleted in its
entirety.

     5. The definition of “Company” contained in Section 1 of the Plan is amended and restated to
read, in its entirety, as follows: “Company” means The Scotts Company LLC, an Ohio limited
liability company, and any successor thereto.

     6. The definition of “Plan” contained in Section 1 of the Plan is amended and restated to
read, in its entirety, as follows: “Plan” means The Scotts Company LLC Retirement Savings Plan
(formerly known as The Scotts Company Retirement Savings Plan and as The Scotts Company Profit
Sharing and Savings Plan) as set forth herein and as from time to time amended. The Plan is a
profit sharing and stock bonus plan.

     7. Section 2.1 of the Plan is amended and restated so as to replace any reference to
“corporate headquarters” with “company headquarters.”

 

 

     8. Sections 11.1 and 11.2 of the Plan are amended so as to replace any reference to “Board of
Directors” with “Company.”

     9. Section 11.5 of the Plan is amended and restated to read, in its entirety, as follows:

Each member of the Administrative Committee and Employees carrying out the duties of the
Administrative Committee shall be indemnified by the Employer against costs, expenses, and
liabilities (other than amounts paid in settlement to which the Employer does not consent)
reasonably incurred by the person in connection with any action to which the person may be a
party by reason of his or her service as a member of the committee, except in relation to
matters as to which he or she shall be adjudged in such action to be personally guilty of
negligence or willful misconduct in the performance of his or her duties. The foregoing
right to indemnification shall be in addition to such other rights as the person may enjoy
as a matter of law or by reason of insurance coverage of any kind, but shall not extend to
costs, expenses, and/or liabilities otherwise covered by insurance or that would be so
covered by any insurance then in force if such insurance contained a waiver of subrogation.
Rights granted hereunder shall be in addition to and not in lieu of any rights to
indemnification to which the person may be entitled under the operating agreement of the
Company. Service on the Administrative Committee shall be deemed in partial fulfillment of
the person’s function as an Employee, officer, and/or director of the Employer, if the
person serves in such capacity as well.

10. Section 11.6 of the Plan is amended and restated to read, in its entirety, as follows:

The Company, as Plan sponsor, shall have the following (and only the following) authority
and responsibilities: (a) to appoint the Administrative Committee and to monitor its
performance; (b) to communicate such information to the Administrative Committee and the
Trustee as each needs for the proper performance of its duties; (c) to provide channels and
mechanisms through which the Administrative Committee and/or the Trustee can communicate
with Participants and Beneficiaries; and (d) to perform such duties as are imposed by law or
by regulation and to serve as Administrative Committee in the absence of an appointed
committee. Any action which may be taken and any decision which may be made by the Company
under the Plan (including authorization of Plan amendments or termination) may be made by:
(i) the Company’s Manager, SMGM LLC or any successor manager of the Company or (ii) any
committee (including the Administrative Committee) to which the Company delegates
discretionary authority with respect to the Plan.

11. Section 12.1 of the Plan is amended and restated to read, in its entirety, as follows:

The Company or any other committee to which the Company delegates discretionary authority
with respect to the Plan may amend the provisions of this Plan at any time and from time to
time; provided, however, that:

     (a) No amendment shall increase the duties or liabilities of the Trustee without the
consent of such party.

     (b) No amendment shall deprive any Participant or Beneficiary of a deceased Participant
of any of the benefits to which such person is entitled under the Plan with respect to
contributions previously made or decrease the balance in any Participant’s Account, except
as permitted by Section 412(c)(8) of the Code and Section 302(c)(8) of ERISA.

2

 

     (c) No amendment changing the vesting schedule shall decrease the vested percentage of
any Participant.

     (d) No amendment shall eliminate an optional form of benefit in violation of Section
411(d)(6).

     (e) No amendment shall provide for the use of funds or assets held to provide benefits
under the Plan other than for the benefit of Employees and Beneficiaries, except as may be
specifically authorized by statute or regulation.

     (f) Any amendment necessary to maintain the qualification of the Plan under Section
401(a) of the Code may be made without the further approval of the Company or any committee
if signed by an officer of the Company.

     12. Sections 12.2, 12.3 and 12.4 of the Plan are amended so as to replace any reference to
“Board of Directors” with “Company.”

     IN WITNESS WHEREOF, the Company has caused this Amendment to be executed on this 6th day of
May, 2005, to be effective as of March 18, 2005.

	 	 	 
	

	 	THE SCOTTS COMPANY LLC
	 
	 	 
	

	 	By: /s/ Paul DeSantis
	 
	 	 
	

	 	Print Name: Paul F. DeSantis
	 
	 	 
	

	 	Title: Vice President and Treasurer

3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00085-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00085-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00085-of-00352.parquet"}]]