Document:

Exhibit 10.1

 

Exhibit 10.3

	1989 Incentive Compensation Plan — as amended
Vesting in Period
Certificate of Restricted Stock Award
Date of Vest Shares Vesting Over the
Period Occurs End of Period Jan-30-2008 1000
Awarded to: 
Social Security Number:  Employee ID: Award Issued: 
Type of Stock Award: Restricted Stock
Award Number: 
Award Date: 
Award Price: 
This restricted stock award was granted to you on
         
                
by Allergan, Inc. This award is subject to the terms and conditions of this award and the plan itself, copies of which are available by clicking on the Client Home Page button of the Allergan/Smith Barney Stock Plan Services website. To view the details and accept this award, click the button below.
To accept this award go to details Vesting Start Date: 

Date of Vest Shares vesting over the period vesting in period occurs Allergan
Authorized by:
David E.I. Pyott, Chairman of the Board, President and
Chief Executive OfficerExhibit 10.4

 

Exhibit 10.4

RESTRICTED STOCK GRANT

TERMS AND CONDITIONS

Revised January 2004

     1. Definitions. Capitalized terms used in this Restricted Stock Grant (this
“Grant”) but not otherwise defined shall have the same meanings as in the Allergan, Inc. 1989
Incentive Compensation Plan, as amended (the “Plan”).

     2. Basic Terms. The Company hereby grants to you the shares of its Common Stock (the
“Granted Stock”) set forth in the Certificate of Restricted Stock Award (the “Certificate”) subject
to the terms, conditions and restrictions set forth below. Shares of Granted Stock that are not
from shares of Common Stock held by by the Company as treasury shares shall be issued for
consideration having a value not less than the par value thereof.

     3. Restrictions on the Stock. Any Granted Stock received by you shall be subject to
the following restrictions:

     (a) The shares of Granted Stock may not be sold, assigned, transferred, pledged,
hypothecated or otherwise disposed of, alienated or encumbered until the restrictions set
forth in this Section 3 have lapsed and are removed, and any additional requirements or
restrictions contained in this Grant or in the Plan have been satisfied, terminated or
expressly waived by the Company in writing.

     (b) If your employment with the Company and its subsidiaries terminates for any reason
other than your death or Total Disability (as defined herein) or by reason of a Job
Elimination (as defined herein), then unless the Committee in its discretion determines
otherwise, you shall forfeit all shares of Granted Stock granted hereunder which are, at
the date of such termination of employment, still subject to the vesting restrictions
imposed under this Section 3.

     (c) The restrictions imposed under Paragraphs (a) and (b) above upon the Granted Stock
shall lapse and be removed (and the shares of Granted Stock granted to you under this Grant
shall vest) in accordance with the following rules:

     (i) Except as provided in Subparagraphs (ii), (iii) and (iv) below, the
restrictions imposed under Paragraphs (a) and (b) above with respect to the Granted
Stock granted to you pursuant to this

 

 

Grant shall lapse and be removed on the Date of Expiration of Restriction indicated
in the Certificate.

     (ii) In the event of a Change in Control, the restrictions imposed under
Paragraphs (a) and (b) above upon the Granted Stock granted to you pursuant to this
Grant shall lapse and be removed (and the Granted Stock granted to you pursuant to
this Grant shall become fully vested) as of the date of such Change in Control.

     (iii) If your employment with the Company and its subsidiaries terminates by
reason of your death or Total Disability, all of the restrictions imposed upon the
Granted Stock granted to you pursuant to this Grant shall lapse and be removed (and
the Granted Stock shall become fully vested) as of the last date of your
employment. As used herein, “Total Disability” means the inability, by reason of
mental or physical illness or accident, to perform any and every duty of the
occupation at which you were employed when such disability commenced, which
disability is expected to continue for a period of at least 12 months. Any
determination as to the date and extent of any disability shall be made by the
Committee upon the basis of such information as the Committee deems necessary or
desirable.

     (iv) If your employment with the Company and its subsidiaries terminates by
reason of a Job Elimination, the restrictions shall lapse and be removed with
respect to the Granted Stock in an amount equal to the number of shares of Granted
Stock multiplied by a fraction, the numerator of which is the number of full
calendar months from Grant Date as specified in the Certificate until your last day
of employment and the denominator of which is the number of months during which the
restrictions would have been in effect pursuant to the original grant. As used
herein, “Job Elimination” occurs when you cease to be an Employee of the Company as
a result of a reduction in force or transfer to a new organization outside of the
Company as a result of a divestiture, other than a spin-off or other distribution
to the Company’s stockholders. A “reduction in force” occurs under the Plan when
you are not offered an alternative job by the Company and there is a net headcount
reduction (i.e. if you are replaced, there is no reduction in force, even if the
duties of the position change).

     (d) In order to enforce the vesting restrictions set forth in this Section 3, the
Committee (i) shall cause a legend or legends to be placed on the certificates which make
appropriate reference to the restrictions imposed on the Granted Stock issued to you
pursuant to this Grant, and (ii) may require that the certificates representing the shares
of such Granted Stock remain in the physical custody of an escrow holder or the Company
until any or all of the restrictions expire or have been removed.

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     4. Section 83(b) Election. You shall only be entitled to make any election pursuant
to Section 83(b) of the Internal Revenue Code of 1986, as amended (or any successor thereto), or
comparable provisions of any state tax law, to include any amount in your gross income in
connection with your acquisition of the Granted Stock, if you shall first have (i) notified the
Company of your intention to make such election and (ii) paid to the Company or its subsidiaries,
in the form of cash or a certified or bank cashier’s check, an amount sufficient to satisfy any
taxes or other amounts required by any other governmental authority to be withheld or paid over to
such authority for your account, or otherwise made arrangements satisfactory to the Committee for
the payment of such amounts through withholding or otherwise. You should be aware that such
election, if made, must be made within 30 days of the Grant Date specified in the Certificate and
that you should consult with your own tax advisor.

     5. Voting and Other Rights. Notwithstanding anything to the contrary in the
foregoing, during the period prior to the lapse and removal of the restrictions set forth in
Section 3 above, except as otherwise provided herein, you shall have all of the rights of a
stockholder with respect to all of the Granted Stock not previously returned to the Company
pursuant to the terms hereof, including without limitation the right to vote such Granted Stock and
the right to receive all dividends or other distributions with respect to such Granted Stock. In
connection with the payment of such dividends or other distributions, the Company or its
subsidiaries shall be entitled to deduct any taxes or other amounts required by any governmental
authority to be withheld and paid over to such authority for your account.

     6. Expiration of Vesting Restrictions. As soon as practicable after the lapse and
removal of the vesting restrictions applicable to all or or any portion of the Granted Stock as
provided in Section 3 above, the Company shall release the certificates representing such Granted
Stock to you, provided (i) you shall have paid to the Company an amount sufficient to satisfy any
taxes or other amounts required by any governmental authority to be withheld and paid over to such
authority for your account, or otherwise made arrangements satisfactory to the Committee for the
payment of such amounts through withholding or otherwise, in the form of cash, personal check,
Company Credit Union check, money market draft on your own account, and subject to the Committee’s
approval, shares of Common Stock owned by you, tax withholding from the shares of Common Stock
otherwise issuable have a fair market value on the date of withholding equal to the aggregate
amount of such liabilities based on the minimum statutory withholding rates for federal and state
tax income and payroll tax purposes that are applicable to such supplemental taxable income, or
such other means as the Committee shall determine, and (ii) there shall have been compliance with
all applicable requirements of the Securities Act of 1933, as amended, all applicable listing
requirements of any market or securities exchange on which shares of Common Stock are then listed
and any other requirement of law or of any regulatory body having jurisdiction over such issuance
and delivery. The inability of the Company to obtain any required permits, authorizations or
approvals necessary for the lawful issuance and sale of any shares of Common Stock hereunder on
terms deemed reasonable by the Committee shall relieve the Company, the Board and the Committee of
any liability in respect of the nonissuance

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or sale of such shares of Common Stock as to which such requisite permits, authorizations or
approvals shall not have been obtained.

     7. Legends on Stock Certificates. Each certificate representing shares of Granted
Stock shall be endorsed with all legends, if any, required by applicable federal and state
securities laws to be placed on the certificates. The determination of which legends, if any,
shall be placed upon the certificates shall be made by the Committee in its sole discretion and
such decision shall be final and binding.

     8. Stock Split, Reorganization, Merger, etc. In the event of any recapitalization,
stock split, stock dividend, combination of shares or any other like change affecting the Common
Stock, appropriate adjustment shall be made in the number, price and kind of shares covered by this
Grant; provided, however, that any shares received with respect to shares of Granted Stock as a
result of such recapitalization, stock split, stock dividend, combination of shares or any other
like change affecting the Common Stock shall also be subject to the restrictions set forth in the
Plan and in Section 3 hereof.

     9. Grant Subject to Plan. The grant of the Granted Stock evidenced hereby is made
pursuant to all of the provisions of the Plan, and this Grant is intended, and shall be interpreted
in a manner to comply therewith. Any provision of this Grant which is inconsistent with the Plan
shall be superseded by and governed by the Plan.

     10. No Employment Rights.

     (a) Nothing in the Plan or in this Grant shall be construed to create or imply any
contract of employment between you and the Company (or any of its subsidiaries) or shall
affect in any way the right of the Company (or any such subsidiary) to terminate your
employment at any time.

     (b) Any question(s) as to whether and when there has been a termination of your
employment, the reason (if any) for such termination, and/or the consequences thereof under
the terms of the Plan or this Grant shall be determined by the Committee in its sole
discretion, and the Committee’s determination thereof shall be final and binding.

     11. Disputes and Disagreements. Any dispute or disagreement which may arise under or
as a result of or pursuant to this Grant shall be determined by the Committee in its sole
discretion, and any interpretation by the Committee of the terms of this Grant shall be final,
binding and conclusive.

     12. Notices. All notices or other communications required or permitted hereunder
shall be in writing, and shall be sufficient in all respects only if delivered in person or sent
via certified mail or overnight delivery service such as Federal Express, postage prepaid,
addressed as follows:

	 	 	 	 	 
	     If to the Company:

	 
	Allergan, Inc.
	

	 	 	 	2525 Dupont Drive

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	 	 	 	Irvine, California 92612
	

	 	 	 	Attention: General Counsel
	 
	 	 	 	 
	

	 	If to you:
	 	To your address as last set forth
	

	 	 	 	in the Company’s employment records.

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