Document:

<PAGE>

                                                                    EXHIBIT 10.8

                                 ALLERGAN, INC.

                                  PENSION PLAN

RESTATED
2001

<PAGE>

                                TABLE OF CONTENTS
<Table>
<Caption>
                                                                                            PAGE
                                                                                            ----
<S>                                                                                         <C>
ARTICLE I
NAME AND EFFECTIVE DATE ................................................................    1

1.1           Plan Name ................................................................    1
1.2           Effective Date of 2001 Restated Plan .....................................    1
1.3           Plan Purpose .............................................................    1
1.4           Plan Intended to Qualify .................................................    1

ARTICLE II
DEFINITIONS ............................................................................    2

2.1           Accrued Benefit ..........................................................    2
2.2           Active Participant .......................................................    2
2.3           Actuarial Equivalent .....................................................    2
2.4           Affiliated Company .......................................................    2
2.5           Age ......................................................................    2
2.6           Annuity Starting Date ....................................................    2
2.7           Average Earnings .........................................................    2
2.8           Beneficiary ..............................................................    3
2.9           Benefit Year .............................................................    3
2.10          Board of Directors .......................................................    3
2.11          Code .....................................................................    3
2.12          Committee ................................................................    3
2.13          Company ..................................................................    3
2.14          Earnings .................................................................    3
2.15          Effective Date ...........................................................    4
2.16          Eligibility Computation Period ...........................................    4
2.17          Eligible Employee ........................................................    5
2.18          Eligible Retirement Plan .................................................    5
2.19          Eligible Rollover Distribution ...........................................    5
2.20          Employee .................................................................    6
2.21          Employment Commencement Date .............................................    6
2.22          ERISA ....................................................................    6
2.23          Fund .....................................................................    6
2.24          Highly Compensated Employee ..............................................    7
2.25          Hour of Service ..........................................................    7
2.26          Investment Manager .......................................................    7
2.27          Leased Employee ..........................................................    7
2.28          Normal Retirement Date ...................................................    8
2.29          Participant ..............................................................    8
2.30          Period of Severance ......................................................    8
2.31          Plan .....................................................................    8
</Table>

<PAGE>

                                TABLE OF CONTENTS

<Table>
<Caption>
                                                                                          PAGE
                                                                                          ----
<S>                                                                                       <C>
2.32          Plan Administrator .......................................................    8
2.33          Plan Year ................................................................    8
2.34          Primary Social Security Benefit ..........................................    8
2.35          Qualified Joint and Survivor Annuity .....................................    9
2.36          Reemployment Commencement date............................................    9
2.37          Severance ................................................................    9
2.38          Severance Date ...........................................................   10
2.39          Single Life Annuity ......................................................   10
2.40          SKB Plan .................................................................   10
2.41          Special Retirement Eligibility Date ......................................   10
2.42          Spin-Off Date ............................................................   10
2.43          Sponsor ..................................................................   10
2.44          Trust ....................................................................   11
2.45          Trustee ..................................................................   11
2.46          Vesting Year .............................................................   11

ARTICLE III
PARTICIPATION ..........................................................................   12

3.1           Participation as of Restatement Date .....................................   12
3.2           Other Eligible Employees .................................................   12

ARTICLE IV
ACCRUAL OF BENEFITS ....................................................................   13

4.1           Accrued Benefit Formula ..................................................   13
4.2           Minimum Accrued Benefit ..................................................   13
4.3           Accrued Benefit for Participants with Earnings in excess of $150,000
              prior to January 1, 1994 .................................................   13
4.4           Accrued Benefit for Participants Participating
              in the Voluntary Early Retirement Incentive Program ......................   14
4.5           Temporary Supplemental Monthly Benefit for Participants Participating
              in the Voluntary Early Retirement Incentive Program ......................   15

ARTICLE V
BENEFITS ...............................................................................   16

5.1           Normal Retirement ........................................................   16
5.2           Postponed Retirement .....................................................   16
5.3           Early Retirement .........................................................   16
5.4           Termination of Employment ................................................   18
5.5           Consent to Pension Payments ..............................................   19
5.6           Maximum Pension ..........................................................   19
5.7           Defined Benefit Fraction and Defined Contribution Fraction ...............   22
</Table>

                                       ii

<PAGE>

                                TABLE OF CONTENTS

<Table>
<Caption>
                                                                                          PAGE
                                                                                          ----
<S>                                                                                         <C>
5.8           Mandatory Commencement of Benefits .......................................   23
5.9           Reemployment .............................................................   24
5.10          Early Disability Retirement ..............................................   25
5.11          Other Disabled Participants ..............................................   25
5.12          Nonforfeitable Interest ..................................................   26
5.13          Compensation for Maximum Pension .........................................   26

ARTICLE VI
FORM OF PENSIONS .......................................................................   27

6.1           Unmarried Participants ...................................................   27
6.2           Married Participants .....................................................   27
6.3           Election of Optional Form of Benefit .....................................   27
6.4           Optional Forms of Benefit ................................................   28
6.5           Cash-Outs ................................................................   29

ARTICLE VII
PRE-RETIREMENT DEATH BENEFITS ..........................................................   30

7.1           Eligibility ..............................................................   30
7.2           Spousal Benefit ..........................................................   30
7.3           Alternative Death Benefit ................................................   31
7.4           Children's Survivor Benefit ..............................................   31
7.5           Waiver of Spousal Benefit ................................................   32

ARTICLE VIII
CONTRIBUTIONS...........................................................................   33

8.1           Company Contributions ....................................................   33
8.2           Source of Benefits .......................................................   33
8.3           Irrevocability ...........................................................   33

ARTICLE IX
ADMINISTRATION .........................................................................   34

9.1           Appointment of Committee .................................................   34
9.2           Transaction of Business ..................................................   34
9.3           Voting ...................................................................   34
9.4           Responsibility of Committee ..............................................   34
9.5           Committee Powers .........................................................   35
9.6           Additional Powers of Committee ...........................................   36
9.7           Periodic Review of Funding Policy ........................................   36
9.8           Claims Procedures ........................................................   36
</Table>

                                      iii

<PAGE>

                                TABLE OF CONTENTS

<Table>
<Caption>
                                                                                          PAGE
                                                                                          ----
<S>                                                                                       <C>
9.9           Appeals Procedures .......................................................   37
9.10          Limitation on Liability ..................................................   38
9.11          Indemnification and Insurance ............................................   38
9.12          Compensation of Committee and Plan Expenses ..............................   38
9.13          Resignation ..............................................................   38
9.14          Reliance Upon Documents and Opinions .....................................   38
9.15          Appointment of Investment Manager ........................................   39

ARTICLE X
AMENDMENT AND ADOPTION OF PLAN .........................................................   40

10.1          Right to Amend Plan ......................................................   40
10.2          Adoption of Plan by Affiliated Companies .................................   40

ARTICLE XI
TERMINATION AND MERGER .................................................................   41

11.1          Right to Terminate Plan ..................................................   41
11.2          Merger Restriction .......................................................   41
11.3          Effect on Trustee and Committee ..........................................   41
11.4          Effect of Reorganization, Transfer of Assets or Change in Control ........   41
11.5          Termination Restrictions .................................................   43

ARTICLE XII
TOP-HEAVY RULES ........................................................................   45

12.1          Applicability ............................................................   45
12.2          Definitions ..............................................................   45
12.3          Top-Heavy Status .........................................................   46
12.4          Minimum Benefit ..........................................................   48
12.5          Maximum Benefit ..........................................................   49
12.6          Minimum Vesting Rules ....................................................   49
12.7          Noneligible Employees ....................................................   50

ARTICLE XIII
RESTRICTION ON ASSIGNMENT OR OTHER ALIENATION OF PLAN BENEFITS .........................   51

13.1          General Restrictions Against Alienation ..................................   51
13.2          Qualified Domestic Relations Orders ......................................   51
</Table>

                                       iv

<PAGE>

                                TABLE OF CONTENTS

<Table>
<Caption>
                                                                                          PAGE
                                                                                          ----
<S>                                                                                         <C>
ARTICLE XIV
MISCELLANEOUS ..........................................................................   54

14.1          No Right of Employment Hereunder .........................................   54
14.2          Effect of Article Headings ...............................................   54
14.3          Limitation on Company Liability ..........................................   54
14.4          Interpretation ...........................................................   54
14.5          Withholding For Taxes ....................................................   54
14.6          California Law Controlling ...............................................   54
14.7          Plan and Trust as One Instrument .........................................   54
14.8          Invalid Provisions .......................................................   54
14.9          Counterparts .............................................................   54
14.10         Forfeitures ..............................................................   55
14.11         Facility of Payment ......................................................   55
14.12         Lapsed Benefits ..........................................................   55

APPENDIX A

APPENDIX B
</Table>

                                       v

<PAGE>

                                 ALLERGAN, INC.
                                  PENSION PLAN

                                    ARTICLE I
                             NAME AND EFFECTIVE DATE

         1.1      Plan Name. This document, made and entered into by Allergan,
Inc., a Delaware corporation ("Allergan") amends and restates in its entirety
the "Allergan, Inc. Pension Plan (Restated 1996)" and incorporates the First,
Second, Third, and Fourth Amendments made thereto, and shall be known hereafter
as the "Allergan, Inc. Pension Plan (Restated 2001)."

         1.2      Effective Date of 2001 Restated Plan. The Effective Date of
the Allergan, Inc. Pension Plan (Restated 2001), hereinafter referred to as the
"Plan," shall be January 1, 1997; provided, however, the amendments made to the
Plan to comply with the Economic Growth and Tax Relief Reconciliation Act of
2001 shall be effective January 1, 2002 unless otherwise specified in the Plan.

         1.3      Plan Purpose. The purpose of the Plan is to provide additional
retirement income to Eligible Employees of Allergan, and any Affiliated
Companies that are authorized by the Board of Directors of Allergan to
participate in the Plan for their future economic security. The Plan is fully
funded through Company contributions and the assets of the Plan shall be
administered, distributed, forfeited and otherwise governed by the provisions of
the Plan, which is to be administered by the Committee for the exclusive benefit
of Participants in the Plan and their Beneficiaries.

         1.4      Plan Intended to Qualify. The Plan is an employee benefit plan
that is intended to qualify under Code Section 401(a) as a qualified pension
plan so as to assure that the trust created under the Plan is tax exempt
pursuant to Code Section 501(a). The provisions of the Plan are intended to
comply with all changes to the qualification requirements made by the Uruguay
Round Agreements Act (GATT), the Uniformed Services Employment and Reemployment
Rights Act of 1994, the Small Business Job Protection Act of 1996, the Taxpayer
Relief Act of 1997, the Internal Revenue Service Restructuring and Reform Act of
1998, and the Community Renewal Tax Relief Act of 2000, including qualification
requirements that are effective for Plan Years beginning on or after January 1,
1999 (collectively referred to as the "GUST Amendments"), and the Economic
Growth and Tax Relief Reconciliation Act of 2001 ("EGTRRA"). It is further
intended that the EGTRRA provisions of the Plan are to be regarded as good faith
compliance with the requirements of EGTRRA and are to be construed in accordance
with EGTRRA and guidance issued thereunder.

<PAGE>

                                   ARTICLE II
                                   DEFINITIONS

         2.1      Accrued Benefit. "Accrued Benefit" shall mean, for each
Participant, the amount of pension accrued by him or her under Article IV as of
the date of reference. An Accrued Benefit shall only be payable in accordance
with Articles V and VII.

         2.2      Active Participant. "Active Participant" shall mean a
Participant who is an Eligible Employee.

         2.3      Actuarial Equivalent. "Actuarial Equivalent" shall mean a
benefit of equal actuarial value under the assumptions set forth in Appendix A.

         2.4      Affiliated Company. "Affiliated Company" shall mean (i) any
corporation, other than the Sponsor, which is included in a controlled group of
corporations (within the meaning of Code Section 414(b)) of which the Sponsor is
a member, (ii) any trade or business, other than the Sponsor, which is under
common control (within the meaning of Code Section 414(c)) with the Sponsor,
(iii) any entity or organization, other than the Sponsor, which is a member of
an affiliated service group (within the meaning of Code Section 414(m)) of which
the Sponsor is a member, and (iv) any entity or organization, other than the
Sponsor, which is affiliated with the Sponsor under Code Section 414(o). An
entity shall be an Affiliated Company pursuant to this Section only during the
period of time in which such entity has the required relationship with the
Sponsor under clauses (i), (ii), (iii) or (iv) of this Section after the
Original Effective Date of the Plan.

         2.5      Age. "Age" shall mean a Participant's age at his or her most
recent birthday.

         2.6      Annuity Starting Date. "Annuity Starting Date" shall mean the
first day of the first period for which a Participant's pension is paid as an
annuity or as any other optional form of benefit.

         2.7      Average Earnings. "Average Earnings" shall mean, for each
Participant, 12 times the monthly average of his or her Earnings for the 60
consecutive months that yield the highest average. For purposes of this Section,
(i) nonconsecutive months interrupted only by months in which a Participant has
no Earnings shall be treated as consecutive and (ii) unless the Sponsor
expressly determines otherwise, and except as is expressly provided otherwise in
the Plan or in resolutions of the Board of Directors, amounts paid to a
Participant by a domestic Affiliated Company prior to the effective date on
which it became an Affiliated Company (that would have been Earnings if paid by
the Company) before he or she became a Participant shall be treated as Earnings
but only to the extent such Earnings when added to the Earnings actually paid by
the Company do not result in more than 60 consecutive months of Earnings. If a
Participant does not have Earnings for 60 consecutive months, his or her Average
Earnings shall be 12 times the monthly average of his or her Earnings. For
periods beginning on or after April 1, 2000, a partial month of employment shall
be taken into account only if doing so yields a higher monthly average.

                                       2
<PAGE>

         2.8      Beneficiary. "Beneficiary" or "Beneficiaries" shall mean the
person or persons last designated by the Participant to receive the interest of
a deceased Participant.

         2.9      Benefit Year. "Benefit Year" shall mean a credit used to
measure a Participant's service in calculating his or her Accrued Benefit. Each
Participant shall be credited with a number of Benefit Years equal to 1/365th of
(i) the aggregate number of days between his or her Employment Commencement Date
(or Reemployment Commencement Date) of the Employee and the Severance Date which
immediately follows that Employment Commencement Date (or Reemployment
Commencement Date) and (ii) the aggregate number of days during a Period of
Severance of less than 30 days but in each case, disregarding any day such
Participant is not an Active Participant.

         2.10     Board of Directors. "Board of Directors" shall mean the Board
of Directors of the Sponsor (or its delegate) as it may from time to time be
constituted.

         2.11     Code. "Code" shall mean the Internal Revenue Code of 1986 and
the regulations thereunder. Reference to a specific Code Section shall be deemed
also to refer to any applicable regulations under that Section, and shall also
include any comparable provisions of future legislation that amend, supplement
or supersede that specific Section.

         2.12     Committee. "Committee" shall mean the committee to be
appointed under the provisions of Section 9.1 to administer the Plan.

         2.13     Company. "Company" shall mean collectively the Sponsor and
each Affiliated Company that adopts the Plan in accordance with Section 10.2.

         2.14     Earnings.  "Earnings" shall mean the following:

                  (a) Earnings shall include amounts paid during a Plan Year to
         an Employee by the Company for services rendered, including base
         earnings, commissions and similar incentive compensation, cost of
         living allowances earned within the United States of America, holiday
         pay, overtime earnings, pay received for election board duty, pay
         received for jury and witness duty, pay received for military service
         (annual training), pay received for being available for work, if
         required (call-in premium), shift differential and premium,
         sickness/accident related pay, vacation pay, vacation shift premium,
         and bonus amounts paid under the (i) Sales Bonus Program, (ii)
         Management Bonus Plan or Executive Bonus Plan, either in cash or in
         restricted stock, and (iii) group performance sharing payments, such as
         the "Partners for Success."

                  (b) Earnings shall include amounts of salary reduction elected
         by the Employee under a Code Section 401(k) cash or deferred
         arrangement or a Code Section 125 cafeteria plan, amounts deferred
         under the Executive Deferred Compensation Plan, and amounts paid to an
         Employee pursuant to a "split pay arrangement" between the Company and
         an Affiliated Company.

                                       3
<PAGE>

                  (c) Earnings shall not include business expense
         reimbursements; Company gifts or the value of Company gifts; Company
         stock related options and payments; employee referral awards; flexible
         compensation credits paid in cash; special overseas payments,
         allowances and adjustments including, but not limited to, pay for cost
         of living adjustments and differentials paid for service outside of the
         United States, expatriate reimbursement payments, and tax equalization
         payments; forms of imputed income; long-term disability pay; payment
         for loss of Company car; Company car allowance; payments for patents or
         for writing articles; relocation and moving expenses; retention and
         employment incentive payments; severance pay; long-term incentive
         awards, bonuses or payments; "Impact Award" payments; "Employee of the
         Year" payments; "Awards for Excellence" payments; special group
         incentive payments and individual recognition payments which are
         nonrecurring in nature; tuition reimbursement; and contributions by the
         Company under the Plan or distributions hereunder, any contributions or
         distributions pursuant to any other plan sponsored by the Company and
         qualified under Code Section 401(a) (other than contributions
         constituting salary reduction amounts elected by the Employee under a
         Code Section 401(k) cash or deferred arrangement), any payments under a
         health or welfare plan sponsored by the Company, or premiums paid by
         the Company under any insurance plan for the benefit of Employees.

                  (d) For periods beginning on or after April 1, 2001, if a
         Participant is an Employee at any time during a month, Earnings for
         that month shall be the Earnings actually paid to the Participant
         during such month. For periods prior to April 1, 2001, a Participant
         shall be deemed to have no Earnings in any month in which he or she is
         not an Employee for the entire month.

                  (f) Earnings shall not exceed $200,000 ($150,000 for Plan
         Years beginning prior to January 1, 2002), as adjusted for
         cost-of-living increases in accordance with Code Section 401(a)(17)(B),
         for purposes of determining all benefits provided under the Plan. Any
         cost-of-living adjustments in effect for a calendar year shall apply to
         the Plan Year beginning with or within such calendar year. For purposes
         of determining benefits provided under the Plan in a Plan Year
         beginning on or after January 1, 2002, Earnings for any prior Plan Year
         shall not exceed $200,000.

         2.15     Effective Date. "Effective Date" of this restated Plan shall
mean January 1, 1997 except as provided herein or as otherwise required for the
Plan to continue to maintain its qualified status under Code Section 401(a). The
"Original Effective Date" of the Plan shall mean July 26, 1989.

         2.16     Eligibility Computation Period. "Eligibility Computation
Period" shall mean a 365 day period used for determining whether an Employee is
eligible to participate in the Plan. Each Employee shall be credited with (i)
the aggregate number of days between each Employment Commencement Date (or
Reemployment Commencement Date) of the Employee and the Severance Date which
immediately follows that Employment Commencement Date (or

                                       4
<PAGE>

Reemployment Commencement Date) and (ii) the aggregate number of days during a
Period of Severance of less than twelve months.

         2.17     Eligible Employee. "Eligible Employee" shall mean an Employee
who is employed by the Company but not by a joint venture in which the Company
is a joint venturer; provided, that an Employee with respect to whom retirement
benefits have been the subject of good faith collective bargaining shall be an
Eligible Employee only to the extent a collective bargaining agreement relating
to him or her so provides. An Employee of the Company who is a Leased Employee
or who is neither a United States citizen nor a United States resident shall not
be an Eligible Employee. Notwithstanding the preceding sentence, for Plan Years
beginning prior to January 1, 1996, an Eligible Employee shall not include a
temporary employee classified as such by the Sponsor or an Affiliated
Company.(1)

         2.18     Eligible Retirement Plan. "Eligible Retirement Plan" shall
mean an individual retirement account or annuity described in Code Section
408(a) or 408(b) and a qualified retirement plan described in Code Section
401(a) or 403(a) that accepts Eligible Rollover Distributions. For Eligible
Rollover Distributions made after December 31, 2001, an Eligible Retirement Plan
shall also mean an annuity contract described in Code Section 403(b) and an
eligible plan described in Code Section 457(b) which is maintained by a state,
political subdivision of a state, or any agency or instrumentality of a state or
political subdivision of a state and which agrees to separately account for
amounts transferred into such plan from this Plan. The definition of Eligible
Retirement Plan shall also apply in the case of an Eligible Rollover
Distribution to a surviving spouse, or to a spouse or former spouse who is an
Alternate Payee under a Qualified Domestic Relations Order (as defined in
Article XIII); except, however, the definition of Eligible Retirement Plan shall
only mean an individual retirement account or annuity described in Code Section
408(a) or 408(b) in the case of an Eligible Rollover Distribution to a surviving
spouse prior to January 1, 2002.

         2.19     Eligible Rollover Distribution. "Eligible Rollover
Distribution" shall mean any distribution of all or any portion of the balance
to the credit of the Distributee, except that an Eligible Rollover Distribution
shall not include:

                  (a) any distribution that is one of a series of substantially
         equal periodic payments (not less frequently than annually) made for
         the life (or life expectancy) of the Distributee or the joint lives (or
         joint life expectancies) of the Distributee and the Distributee's
         designated beneficiary, or for a specified period of ten years or more;

                  (b) any distribution to the extent such distribution is
         required under Code Section 401(a)(9);

----------
(1) Section 2.17 was amended by the Third Amendment to the Allergan, Inc.
Pension Plan (Restated 1996) effective January 1, 1999 and is amended further by
this 2001 Restatement as set forth above effective January 1, 2001.

                                       5
<PAGE>

                  (c) the portion of any distribution that is not includible in
         gross income (determined without regard to the exclusion for net
         unrealized appreciation with respect to employer securities); and

                  (d) any other distribution that is reasonably expected to
         total less than $200 during the year.

         For purposes of this Section, `Distributee' shall mean any Employee or
former Employee receiving a distribution from the Plan. A Distributee also
includes the Employee or former Employee's surviving spouse and the Employee or
former Employee's spouse or former spouse who is an Alternate Payee under a
Qualified Domestic Relations Order (as defined in Article XIII) with regard to
the interest of the spouse or former spouse.

         2.20     Employee. "Employee" shall mean, for purposes of the Plan, a
person who is employed by the Sponsor or an Affiliated Company, any portion of
whose income is subject to withholding of income tax and/or for whom Social
Security contributions are made by the Sponsor or an Affiliated Company, except
that such term shall not include (i) any individual who performs services for
the Sponsor or an Affiliated Company and who is classified or paid as an
independent contractor as determined by the payroll records of the Sponsor or
Affiliated Company even if a court or administrative agency determines that such
individual is a common-law employee and not an independent contractor and (ii)
any individual who performs services for the Sponsor or an Affiliated Company
pursuant to an agreement between the Sponsor or an Affiliated Company and any
other person including a leasing organization except to the extent such
individual is a Leased Employee.(2)

         2.21     Employment Commencement Date. "Employment Commencement Date"
shall mean the date on which an Employee is first credited with an Hour of
Service for the Sponsor or an Affiliated Company. An Employee shall not, for the
purpose of determining his or her Employment Commencement Date, be deemed to
have commenced employment with an Affiliated Company prior to the effective date
on which the entity became an Affiliated Company unless the Sponsor expressly
determines otherwise, and except as is expressly provided otherwise in the Plan
or in resolutions of the Board of Directors.

         2.22     ERISA. "ERISA" shall mean the Employee Retirement Income
Security Act of 1974 and the regulations thereunder. Reference to a specific
ERISA Section shall be deemed also to refer to any applicable regulations under
that Section, and shall also include any comparable provisions of future
legislation that amend, supplement or supersede that specific Section.

         2.23     Fund.  "Fund" shall mean the assets accumulated for purposes
of the Plan.

----------
(2) Section 2.20 was amended by the First Amendment to the Allergan, Inc.
Pension Plan (Restated 1996) effective October 1, 1997 and was amended further
by the Third Amendment to the Allergan, Inc. Pension Plan (Restated 1996)
effective January 1, 1999 and is amended further by this 2001 Restatement as set
forth above effective January 1, 2001.

                                       6
<PAGE>

         2.24     Highly Compensated Employee.  "Highly Compensated Employee"
shall mean:

                  (a) An Employee who performed services for the Company during
         the Plan Year or preceding Plan Year and is a member of one or more of
         the following groups:

                           (i) Employees who at any time during the Plan Year or
                  preceding Plan Year are or were Five Percent Owners (as
                  defined in Section 12.2).

                           (ii) Employees who received Compensation during the
                  preceding Plan Year from the Company in excess of $80,000 (as
                  adjusted in such manner as permitted under Code Section
                  414(q)(1)).

                  (b) The term "Highly Compensated Employee" includes a Former
         Highly Compensated Employee. A Former Highly Compensated Employee is
         any Employee who was (i) a Highly Compensated Employee when he or she
         terminated employment with the Company or (ii) a Highly Compensated
         Employee at any time after attaining age 55. Notwithstanding the
         foregoing, an Employee who separated from service prior to 1987 shall
         be treated as a Former Highly Compensated Former Employee only if
         during the separation year (or year preceding the separation year) or
         any year after the Employee attains age 55 (or the last year ending
         before the Employee's 55th birthday), the Employee either received
         Compensation in excess of $50,000 or was a Five Percent Owner (as
         defined in Section 12.2).

                  (c) For the purpose of this Section, the term "Compensation"
         means compensation as defined in Code Section 415(c)(3), as set forth
         in Section 5.13.

                  (d) For the purpose of this Section, the term "Company" shall
         mean the Sponsor and any Affiliated Company.

         The determination of who is a Highly Compensated Employee, including
the determination of the Compensation that is considered, shall be made in
accordance with Code Section 414(q) and applicable regulations to the extent
permitted thereunder.

         2.25     Hour of Service. "Hour of Service" shall mean an hour for
which an Employee is paid or entitled to payment for the performance of duties
for the Sponsor and any Affiliated Company.

         2.26     Investment  Manager. "Investment  Manager" shall mean the one
or more Investment Managers, if any, that are appointed pursuant to the
provisions of Section 9.15 and who constitute investment managers under Section
3(38) of ERISA.

         2.27     Leased Employee. "Leased Employee" shall mean any person
(other than an Employee of the recipient) who pursuant to an agreement between
the recipient and any other person ("leasing organization") has performed
services for the recipient (or for the recipient and related persons determined
in accordance with Code Section 414(n)(6)) on a substantially full

                                       7
<PAGE>

time basis for a period of at least one (1) year, and such services are
performed under the primary direction or control by recipient employer.
Contributions or benefits provided a Leased Employee by the leasing organization
which are attributable to services performed for the recipient employer shall be
treated as provided by the recipient employer. A Leased Employee shall not be
considered an Employee of the recipient if Leased Employees do not constitute
more than 20 percent of the recipient's nonhighly compensated workforce and such
Leased Employee is covered by a money purchase pension plan providing (i) a
nonintegrated employer contribution rate of at least ten (10) percent of
compensation as defined under Code Section 415(c)(3); (ii) immediate
participation; and (iii) full and immediate vesting.

         2.28     Normal Retirement Date. "Normal Retirement Date" shall mean
the date a Participant attains age 65.

         2.29     Participant. "Participant" shall mean: (i) an Active
Participant, or (ii) a former Active Participant who is eligible for an
immediate or deferred benefit under Article V.

         2.30     Period of Severance. "Period of Severance" shall mean the
period of time commencing on an Employee's Severance Date and ending on the
Employee's subsequent Reemployment Commencement Date, if any.

         2.31     Plan. "Plan" shall mean the Allergan, Inc. Pension Plan
described herein and as amended from time to time.

         2.32     Plan Administrator. "Plan Administrator" shall mean the
administrator of the Plan within the meaning of Section 3(16)(A) of ERISA. The
Plan Administrator shall be the Allergan Corporate Benefits Committee whose
members are appointed by the Board of Directors pursuant to the provisions of
Section 9.1 to administer the Plan.

         2.33     Plan Year. "Plan Year" shall mean the calendar year. The Plan
Year shall be the limitation year for purposes of computing limitations on
contributions, benefits and allocations.

         2.34     Primary Social Security Benefit. "Primary Social Security
Benefit" shall mean for purposes of determining a Participant's Accrued Benefit:

                  (a) for an Employee whose Severance occurs on or after the
         date he or she attains Age 62, the immediate benefit that is or would
         have been payable to him or her at Age 65 or his or her actual
         retirement, if earlier, under the Social Security Act (or foreign
         equivalent) as then in effect; or

                  (b) for an Employee whose Severance occurs prior to Age 62,
         the benefit that would be payable to him or her at Age 62 under the
         Social Security Act (or foreign equivalent) as in effect when he or she
         incurs a Severance, without adjustments for cost of living, projected
         on the assumption that for each month before Age 60, he or she
         continues to receive wages for Social Security purposes equal to
         one-twelfth of his or her Earnings for the calendar year preceding the
         year in which his or her Severance occurs,

                                       8
<PAGE>

         and that he or she shall receive no further wages for Social Security
         purposes after the later of Age 60 or his or her actual Severance.

         2.35 Qualified Joint and Survivor Annuity. "Qualified Joint and
Survivor Annuity" shall mean the form of pension benefit described in this
Section. Under a Qualified Joint and Survivor Annuity, monthly payments to the
Participant shall begin on the date provided in Article V and continue until the
last day of the month in which the Participant's death occurs. On the first day
of the following month, monthly payments in an amount equal to 50% of the
monthly payment to the Participant which is attributable to his or her Accrued
Benefit shall begin to his or her surviving spouse but only if the spouse was
married to the Participant on the date as of which payments to the Participant
began. Payments to a surviving spouse under a Qualified Joint and Survivor
Annuity shall end on the last day of the month in which the spouse's death
occurs. The anticipated payments under a Qualified Joint and Survivor Annuity
shall be the actuarial equivalent of a pension in the form of a Single Life
Annuity in the amount set forth in Article V.

         2.36 Reemployment Commencement Date. "Reemployment Commencement Date"
shall mean, in the case of an Employee who incurs a Severance and who is
subsequently reemployed by the Sponsor or an Affiliated Company, the first day
following the Severance on which the Employee is credited with an Hour of
Service for the Sponsor or an Affiliated Company with respect to which he or she
is compensated or entitled to compensation by the Sponsor or an Affiliated
Company. An Employee shall not, for the purpose of determining his or her
Reemployment Commencement Date, be deemed to have commenced employment with an
Affiliated Company prior to the effective date on which the entity became an
Affiliated Company unless the Sponsor shall expressly determine otherwise, and
except as is expressly provided otherwise in the Plan or in resolutions of the
Board of Directors.

         2.37 Severance. "Severance" shall mean the termination of an Employee's
employment with the Sponsor or an Affiliated Company by reason of such
Employee's death, retirement, resignation or discharge, or otherwise. For
purposes of determining a Participant's Vesting Years and Benefit Years, such
Participant shall not incur a Severance by reason of the following:

                  (a) absence due to service in the Armed Forces of the United
         States, if the Employee makes application to the Company for resumption
         of work with the Company, following discharge, within the time
         specified by then applicable law or absence due to qualified military
         service if so required by Code Section 414(u);

                  (b) absence resulting from temporary disability on account of
         illness or accident;

                  (c) absence while covered by a long term disability plan
         maintained by the Company that is prior to the earlier of (i) a
         Participant's Normal Retirement Date (or, if later, such date the
         Participant is no longer classified as an Eligible Employee as
         determined by the payroll records of the Sponsor or Affiliated Company
         or (ii) the date

                                       9
<PAGE>

         his or her pension under the Plan commences, provided that the
         Participant has at least five (5) Vesting Years as of the first date of
         such absence; or

                  (d) such other types of absence as the Company may determine
         by uniform policy.

         For the purposes of determining Vesting Years only, a Participant who
does not have a nonforfeitable interest in his or her Accrued Benefit at the
time he or she retires, resigns or is discharged shall not incur a Severance
until the first date following the end of any period for which he or she
receives severance pay if his or her interest in his or her Accrued Benefit
would thereby become nonforfeitable.

         2.38 Severance Date. "Severance Date" shall mean, in the case of any
Employee who incurs a Severance, the day on which such Employee is deemed to
have incurred such Severance as determined in accordance with the provisions of
Section 2.37. In the case of any Employee who incurs a Severance as provided
under Section 2.37 and who is entitled to a subsequent payment of compensation
for reasons other than future services (e.g., as back pay for past services
rendered or as payments in the nature of severance pay), the Severance Date of
such Employee shall be as of the effective date of the Severance event (e.g.,
the date of his or her death, effective date of a resignation or discharge,
etc.), and the subsequent payment of the aforementioned type of post-Severance
compensation shall not operate to postpone the timing of the Severance Date for
purposes of the Plan except as provided in Section 2.37.

         2.39 Single Life Annuity. "Single Life Annuity" shall mean the form of
pension benefit described in this Section. Under a Single Life Annuity, monthly
payments to the Participant shall begin on the date provided in Article V and
continue until the last day of the month in which the Participant's death
occurs.

         2.40 SKB Plan. "SKB Plan" shall mean the Retirement Plan for Employees
of SmithKline Beckman Corporation.

         2.41 Special Retirement Eligibility Date. "Special Retirement
Eligibility Date" shall mean the date a Participant attains age 62.

         2.42 Spin-Off Date. "Spin-Off Date" shall mean on or about July 26,
1989, SmithKline Beckman Corporation distributed the stock of the Sponsor to its
shareholders, rendering Eligible Employees of the Company ineligible to
participate in the SKB Plan. The liability for the accrued benefits of Eligible
Employees under the SKB Plan and assets sufficient to satisfy applicable legal
requirements were transferred to the Plan in November of 1989. The benefits
which were previously provided by the SKB Plan for former employees of Company
who terminated prior to the Spin-Off Date shall be paid under the Plan.

         2.43 Sponsor. "Sponsor" shall mean Allergan, Inc., a Delaware
corporation, and any successor corporation or entity.

                                       10
<PAGE>

         2.44 Trust. "Trust" or" Trust Fund" shall mean the one or more trusts
created for funding purposes under the Plan.

         2.45 Trustee. "Trustee" shall mean the individual or entity acting as a
trustee of the Trust Fund.

         2.46 Vesting Year. "Vesting Year" shall mean a credit awarded as
follows:

                  (a) In the case of any Employee who was employed by the
         Sponsor or an Affiliated Company at any time prior to the Original
         Effective Date, for the period prior to the Original Effective Date,
         such Employee shall be credited with that number of Vesting Years under
         this Plan equal to the number of Vesting Years (as that term is defined
         in the SKB Plan) credited to such Employee under the SKB Plan as of the
         Original Effective Date.

                  (b) In the case of any Employee who is employed by the Sponsor
         or an Affiliated Company on or after the Original Effective Date, an
         Employee shall be credited with a number of Vesting Years equal to
         1/365th of (i) the aggregate number of days between each Employment
         Commencement Date (or Reemployment Commencement Date) of the Employee
         and the Severance Date which immediately follows that Employment
         Commencement Date (or Reemployment Commencement Date) and (ii) the
         aggregate number of days for any Period of Severance of less than
         twelve months. Solely for the purpose of determining an Employee's
         Vesting Years under this paragraph (b), in the case of an Employee who
         is employed by the Sponsor or an Affiliated Company on the Original
         Effective Date, that date shall be deemed to be an Employment
         Commencement Date of the Employee (with Vesting Years for the period
         prior to the Original Effective Date determined under paragraph (a)
         above).

                  (c) In the case of any Employee who is employed under
         Departments 120 through 130 at the Allergan Medical Optics - Lenoir
         facility, such Employee shall be credited with a number of Vesting
         Years equal to 1/365th of (i) the aggregate number of days between each
         Employment Commencement Date (or Reemployment Commencement Date) of the
         Employee and the Severance Date which immediately follows that
         Employment Commencement Date (or Reemployment Commencement Date) and
         (ii) the aggregate number of days for any Period of Severance of less
         than twelve months. Solely for the purpose of determining an Employee's
         Vesting Years under this paragraph (c), an Employee's Employment
         Commencement Date or Reemployment Commencement Date shall include dates
         prior to Allergan Medical Optics - Lenoir facility becoming an
         Affiliated Company.

                                       11
<PAGE>

                                   ARTICLE III
                                  PARTICIPATION

         3.1 Participation as of Restatement Date. Each Participant in the Plan
on the day preceding the adoption date of this restated Plan shall continue as a
Participant and each Active Participant in the Plan on the day preceding the
adoption date of this restated Plan shall continue as an Active Participant so
long as he or she is an Eligible Employee.

         3.2 Other Eligible Employees. Any other Employee who is not an Active
Participant in the Plan pursuant to Section 3.1 above shall become an Active
Participant in the Plan on the later of: (i) the date the Employee completes his
or her Eligibility Computation Period or (ii) the date the Employee becomes an
Eligible Employee and, shall continue as an Active Participant so long as he or
she is an Eligible Employee.

                                       12
<PAGE>

                                   ARTICLE IV
                               ACCRUAL OF BENEFITS

         4.1 Accrued Benefit Formula. Each Participant shall have an Accrued
Benefit equal to one-twelfth (1/12) of the sum of:

                  (a) 1.23% of his or her Average Earnings not in excess of
         Covered Compensation multiplied by the number of his or her Benefit
         Years to a maximum of 35 Benefit Years; plus

                  (b) 1.73% of his or her Average Earnings in excess of Covered
         Compensation multiplied by the number of his or her Benefit Years to a
         maximum of 35 Benefit Years; plus

                  (c) .50% of his or her Average Earnings multiplied by the
         number of his or her Benefit Years in excess of 35 Benefit Years.

         For purposes of this Section, "Covered Compensation" is the average
(without indexing) of the social security wage bases in effect for each calendar
year during the 35-year period ending with the calendar year in which the
Participant attains (or will attain) the social security retirement age as
defined in Code Section 415(b)(8). In determining a Participant's Covered
Compensation for a Plan Year, it is assumed that the social security wage base
in effect at the beginning of the Plan Year will remain the same for all future
calendar years."

         4.2 Minimum Accrued Benefit. Notwithstanding any other provision of the
Plan, under no circumstances shall any Participant's Accrued Benefit under the
Plan be less than the amount of his or her accrued benefit under the SKB Plan as
of the Spin-Off Date under the terms of the SKB Plan in effect as of that date,
including any amendments made to the SKB Plan which are effective on the
Spin-Off Date, notwithstanding the fact that they may have been adopted after
such date.

         4.3 Accrued Benefit for Participants with Earnings in excess of
$150,000 prior to January 1, 1994. The Accrued Benefit of a "Section 401(a)(17)
Employee" shall be the greater of:

                  (a) The Section 401(a)(17) Employee's Accrued Benefit
         determined under the benefit formula in effect on or after January 1,
         1994 taking into account all Benefit Years of the Section 401(a)(17)
         Employee; or

                  (b) the sum of:

                           (i) the Section 401(a)(17) Employee's Accrued Benefit
                  determined as of December 31, 1993 frozen in accordance with
                  Section 1.401(a)(4)-13 of the Treasury Regulations; and

                                       13
<PAGE>

                           (ii) the Section 401(a)(17) Employee's Accrued
                  Benefit determined under the benefit formula applicable for
                  Plan Years beginning on or after January 1, 1994 taking into
                  account only those Benefit Years of the Section 401(a)(17)
                  Employee credited on or after January 1, 1994; or

                  (c) the sum of:

                           (i) the Employee's Accrued Benefit determined as of
                  December 31, 1988 under the SKB Plan and frozen in accordance
                  with Section 1.401(a)(4)-13 of the Treasury Regulations; and

                           (ii) the Section 401(a)(17) Employee's Accrued
                  Benefit determined under the benefit formula applicable for
                  Plan Years beginning on or after January 1, 1989 taking into
                  account only those Benefit Years of the Section 401(a)(17)
                  Employee credited on or after January 1, 1989 and before
                  January 1, 1994; and

                           (iii) the Section 401(a)(17) Employee's Accrued
                  Benefit determined under the benefit formula applicable for
                  Plan Years beginning on or after January 1, 1994 taking into
                  account only those Benefit Years of the Section 401(a)(17)
                  Employee credited on or after January 1, 1994.

         For purposes of this Section, a "Section 401(a)(17) Employee" means a
Participant whose current Accrued Benefit as of January 1, 1994 is based on
Earnings in excess of $150,000.

         4.4 Accrued Benefit for Participants Participating in the Voluntary
Early Retirement Incentive Program ("VERI"). The Accrued Benefit of a "VERI
Employee" shall be determined as follows:

                  (a) For the purpose of calculating the Accrued Benefit of a
         VERI Employee under Section 4.1, a VERI Employee shall be credited with
         five (5) Benefit Years in addition to the number of Benefit Years
         credited under Section 2.9.

                  (b) The early retirement reduction factors of Sections 5.3(a)
         and 5.3(b) shall not apply to reduce the monthly pension derived from
         the Accrued Benefit of a VERI Employee.

         For purposes of this Section 4.4 and Section 4.5 below, a "VERI
Employee" means a Participant who has elected by August 31, 1998 (or such later
date as approved by the Sponsor but in no event later than September 30, 1998)
to participate in the Voluntary Early Retirement Incentive program offered by
the Sponsor.(3)

----------
(3) Section 4.4 was added by the Second Amendment to the Allergan, Inc. Pension
Plan (Restated 1996) and is amended further by this 2001 Restatement as set
forth above effective January 1, 2001.

                                       14
<PAGE>

         4.5 Temporary Supplemental Monthly Benefit for Participants
Participating in the Voluntary Early Retirement Incentive Program. In addition
to his or her Accrued Benefit, a VERI Employee shall receive a temporary
supplemental monthly pension determined as follows:

                  (a) A VERI Employee who is unmarried when his or her monthly
         pension payments begin shall receive a temporary supplemental monthly
         pension following the month in which his or her retirement occurs and
         continuing until the earlier of (i) the month in which the VERI
         Employee attains age 62 or (ii) the month in which the VERI Employee
         dies. The amount of the temporary supplemental monthly pension shall be
         determined in accordance with the following Table:

<Table>
<Caption>
        Age at                             Amount of
    December 31, 1998             Supplemental Monthly Pension
    -----------------             ----------------------------
<S>                               <C>
        60-61                              $500.00
        55-59                              $400.00
        50-54                              $300.00
</Table>

                  (b) A VERI Employee who is married when his or her monthly
         pension payments begin shall receive a temporary supplemental monthly
         pension following the month in which his or her retirement occurs and
         continuing until the earlier of (i) the month in which the VERI
         Employee attain age 62 or (ii) the month in which the VERI Employee
         dies unless the VERI Employee elects to receive his or her monthly
         pension in the form of (i) a contingent beneficiary option, (ii) a
         guaranteed payment option, or (iii) a level income option as described
         in Section 6.4. In such case, if the married VERI Employee dies before
         reaching age 62, his or her temporary supplemental monthly pension
         shall be paid to his or her spouse, if living, and shall continue until
         the month in which the VERI Employee would have attained age 62. The
         amount of the temporary supplemental monthly pension shall be
         determined in accordance with the Table set forth in subsection (a)
         above.(4)

----------
(4) Section 4.5 was added by the Second Amendment to the Allergan, Inc. Pension
Plan (Restated 1996) and is amended further by this 2001 Restatement as set
forth above effective January 1, 2001.

                                       15
<PAGE>

                                    ARTICLE V
                                    BENEFITS

         5.1 Normal Retirement. If a Participant incurs a Severance on account
of retirement on or between the Special Retirement Eligibility Date and the
Normal Retirement Date, he or she shall be entitled to a monthly pension that
begins as of the first day of the month coincident with or next following his or
her Severance Date which is equal to his or her Accrued Benefit.

         5.2 Postponed Retirement. If a Participant incurs a Severance on
account of retirement after attaining the Normal Retirement Date, he or she
shall be entitled to a monthly pension that begins as of the first day of the
month coincident with or next following his or her Severance Date which is equal
to his or her Accrued Benefit determined as of the Normal Retirement Date
increased by the greater of (i) any additional benefit accruals provided under
Article IV after the Normal Retirement Date, or (ii) an actuarial adjustment to
take into account a delay in the payment of the Participant's Accrued Benefit
using the actuarial assumptions set forth in Appendix A for determining
actuarial equivalence. The foregoing provisions of this Section 5.2 shall be
interpreted and applied in accordance with the provisions of Proposed Treasury
Regulation Section 1.411(b)-2(b)(4)(iii) or the corresponding provision of any
subsequently adopted final regulations.

         5.3 Early Retirement. A Participant shall be eligible for Early
Retirement as set forth below:

                  (a) If a Participant who has at least five (5) Vesting Years
         and whose age is at least 55 incurs a Severance on account of
         retirement, he or she shall be eligible for Early Retirement as set
         forth in this paragraph (a):

                           (i) Such Participant shall be entitled to a monthly
                  pension that begins as of the first day of the month
                  coincident with or next following his or her Severance Date
                  or, at his or her election, a monthly pension that begins as
                  of the first day of any subsequent month not later than the
                  Normal Retirement Date.

                           (ii) Such Participant's monthly pension shall be
                  equal to his or her Accrued Benefit but reduced in accordance
                  with the following Table, with the percentage for a fractional
                  part of a year of age being prorated on the basis of a number
                  of full months.

<Table>
<Caption>
                            % of Normal Pension                             % of Normal Pension
   Age When Payments           Computed Under        Age When Payments         Computed Under
         Begin                   Article IV                Begin                 Article IV
   -----------------        -------------------      -----------------      -------------------
<S>                         <C>                      <C>                    <C>
          61                         94                      57                      70
          60                         88                      56                      64
          59                         82                      55                      58
          58                         76
</Table>

                                       16
<PAGE>

                  (b) If a Participant who was a Participant on June 26, 1990,
         and who has at least five (5) Vesting Years, and whose age plus Benefit
         Years sum to at least 55 incurs a Severance on account of retirement,
         he or she shall be eligible for Early Retirement as set forth in this
         paragraph (b):

                           (i) Such Participant shall be entitled to a monthly
                  pension that begins as of the first day of the month
                  coincident with or next following his or her Severance Date
                  or, at his or her election, a monthly pension that begins as
                  of the first day of any subsequent month not later than the
                  Normal Retirement Date.

                           (ii) Such Participant's monthly pension shall be
                  equal to his or her Accrued Benefit determined as of June 26,
                  1990, as set forth under the formula contained in Appendix B,
                  but reduced in accordance with the following Table, with the
                  percentage for a fractional part of a year of age being
                  prorated on the basis of a number of full months.

<Table>
<Caption>
                             % of Normal Pension                             % of Normal Pension
    Age When Payments           Computed Under        Age When Payments        Computed Under
          Begin                   Article IV                Begin                 Article IV
    -----------------        -------------------      -----------------      -------------------
<S>                          <C>                      <C>                    <C>

            61                         94                      48                      36
            60                         88                      47                      34
            59                         82                      46                      32
            58                         76                      45                      30
            57                         70                      44                      28
            56                         64                      43                      27
            55                         58                      42                      26
            54                         52                      41                      25
            53                         46                      40                      24
            52                         44                      39                      23
            51                         42                      38                      22
            50                         40                      37                      21
            49                         38
</Table>

                           Provided, that the above percentages shall be
                  increased by 1% to a maximum of 10% for each of the
                  Participant's Benefit Years in excess of 20, with the
                  percentage for a fractional part of a Benefit Year being
                  prorated on the basis of the number of full months. In no
                  event, however, shall a percentage be increased above 100%.

                           (iii) Notwithstanding subparagraph (ii) above, (1) if
                  the Participant is age 55 or older when payments begin, the
                  Participant shall receive a total monthly pension which is the
                  greater of the amount determined under paragraph (a)(ii) or
                  paragraph (b)(ii) above, and (2) if the Participant is less
                  than age 55 when benefit

                                       17
<PAGE>

                  payments begin, the Participant shall receive a monthly
                  pension which is determined under paragraph (b)(ii) plus an
                  additional monthly pension commencing at age 55 which is
                  actuarially equivalent to the excess, if any, of the actuarial
                  equivalent value of the monthly pension under paragraph
                  (a)(ii) determined at age 55 over the actuarial equivalent
                  value of the monthly pension under paragraph (b)(ii)
                  determined at age 55.

                  (c) A Participant who has elected by August 31, 1998 (or such
         later date as approved by the Sponsor but in no event later than
         September 30, 1998) to participate in the Voluntary Early Retirement
         Incentive program offered by the Sponsor shall be entitled to a monthly
         pension that begins as of the first day of the month coincident with or
         next following his or her Severance Date or, at his or her election, a
         monthly pension that begins as of the first day of any subsequent month
         not later than the Normal Retirement Date.(5)

                  (d) If a Participant incurs a Severance and retires under this
         Section, and his or her monthly pension begins after the first day of
         the month coincident with or next following the Special Retirement
         Eligibility Date, such Participant shall be entitled to the monthly
         pension payments he or she would have received had his or her pension
         began as of the first day of the month following the Special Retirement
         Eligibility Date.

         5.4      Termination of Employment.

                  (a) If a Participant who has at least five (5) Vesting Years
         incurs a Severance for any reason other than death and is not eligible
         to retire under Section 5.3, he or she shall be entitled to a monthly
         pension that begins on the first day of the month coincident with or
         next following the date he or she attains age 55, or at his or her
         election, a monthly pension that begins as of the first day of any
         subsequent month not later than the Normal Retirement Date. In the
         event a Participant elects that his or her monthly pension begin prior
         to the Special Retirement Eligibility Date, the amount of his or her
         monthly pension shall be determined as provided in Section 5.3(a).

                  (b) If a Participant who has at least five (5) Vesting Years
         incurs a Severance for any reason other than death and is not eligible
         to retire under Section 5.3 but was a Participant on June 26, 1990, he
         or she shall be entitled to a monthly pension that begins on the first
         day of the month coincident with or next following the date his or her
         Age and Benefit Years total 55 years, or at his or her election, a
         monthly pension that begins as of the first day of any subsequent month
         not later than the Normal Retirement Date. In the event a Participant
         elects that his or her monthly pension begin prior to the Special
         Retirement Eligibility Date, the amount of his or her monthly pension
         shall be determined as provided in Section 5.3(b).

----------
(5) Subsection (c) was added to Section 5.3 by the Second Amendment to the
Allergan, Inc. Pension Plan (Restated 1996) and is amended by this 2001
Restatement as set forth above effective January 1, 2001.

                                       18
<PAGE>

                  (c) If a Participant incurs a Severance and is entitled to a
         monthly pension under this Section, and his or her monthly pension
         begins after the first day of the month coincident with or next
         following the Special Retirement Eligibility Date, such Participant
         shall be entitled to the monthly pension payments he or she would have
         received had his or her pension began as of the first day of the month
         following the Special Retirement Eligibility Date.

         5.5 Consent to Pension Payments . If the lump sum Actuarial Equivalent
of a Participant's pension exceeds $5,000 ($3,500 for the 1997 Plan Year), the
Participant and, if applicable, the Participant's spouse must consent to the
payment or commencement of the Participant's pension prior to the Normal
Retirement Date in accordance with the following rules:

                  (a) The consent of the Participant shall be obtained in
         writing within the 90-day period ending on the Annuity Starting Date.
         No such consent shall be effective with respect to a married
         Participant unless the Participant's spouse consents thereto in
         writing. Spousal consent shall not be required if a married Participant
         elects a joint and survivor option providing for payment of at least
         50% of his or her annuity to his or her surviving spouse or the Sponsor
         determines there is no spouse or the spouse cannot be located. Neither
         the consent of the Participant nor the Participant's spouse shall be
         required to the extent the payment or commencement of the Participant's
         pension is required to begin under Section 5.8.

                  (b) Each Participant shall receive in written nontechnical
         language a notice which shall include a general description of the
         material features, and an explanation of the relative values of, the
         available optional forms of benefit. Such notice shall be furnished to
         the Participant no less than 30 days and no more than 90 days prior to
         the Participant's Annuity Starting Date; provided, however, the
         Participant's pension may be paid or commence less than 30 days after
         such notice is furnished if the notice clearly informs the Participant
         that he or she has at least 30 days after receiving the notice to
         consider the decision of whether or not to elect the commencement of
         his or her pension (and, if applicable, an optional form of benefit),
         and the Participant, after receiving the notice, affirmatively elects
         to commence his or her pension.

         5.6 Maximum Pension. The largest aggregate annual pension that may be
paid to any Participant in any Plan Year under the Plan shall be determined as
follows:

                  (a) Subject to paragraphs (b) through (d), the largest
         aggregate annual pension that may be paid to any Participant in any
         Plan Year, when added to the pension under any other qualified defined
         benefit plan maintained by the Sponsor or any Affiliated Company, shall
         not exceed the lesser of:

                           (i) The Defined Benefit Dollar Limitation of $160,000
                  ($90,000 for Plan Years prior to the 2002 Limitation Year),
                  multiplied by a fraction the numerator of which is the number
                  of the Participant's years of participation (or a part
                  thereof) in the Plan or, up to the Spin-Off Date in the SKB
                  Plan or in the

                                       19
<PAGE>

                  Beckman Instruments, Inc. Pension Plan, not in excess of ten,
                  and the denominator of which is ten; or

                           (ii) The Defined Benefit Compensation Limitation of
                  100% of the Participant's average annual total cash
                  remuneration from the Company in the thirty-six consecutive
                  months which yield the highest average, multiplied by a
                  fraction the numerator of which is the number of the
                  Participant's Vesting Years (or a part thereof) not in excess
                  of ten and the denominator of which is ten.

                  Benefit increases resulting from the increase in the Defined
         Benefit Dollar Limitation and the Defined Benefit Compensation
         Limitation under the Economic Growth and Tax Relief Reconciliation Act
         of 2001 shall apply to all Employees participating in the Plan who have
         one (1) Hour of Service on or after January 1, 2002.

         (b) The limitations set forth in this Section 5.6 shall be determined
as provided below:

                           (i) The Defined Benefit Dollar Limitation shall
                  automatically be adjusted annually for increases in the cost
                  of living as provided in Code Section 415(d). The adjusted
                  limitation shall be effective as of January 1st of each
                  calendar year and shall be applicable to Limitation Years
                  ending with or within that calendar year. Such new limitation
                  is incorporated herein by this reference and shall be
                  substituted for the Defined Benefit Dollar Limitation set
                  forth in paragraph (a) above.

                           (ii) "Cash remuneration" shall mean "compensation" as
                  defined in Section 5.13.

                           (iii) For purposes of this Section, a Participant's
                  pension shall be measured as a Single Life Annuity or
                  Qualified Joint and Survivor Annuity. A pension benefit shall
                  be treated as a Qualified Joint and Survivor Annuity if it
                  meets all of the requirements as defined in Section 2.35
                  except that the periodic payments to the spouse may be equal
                  to or greater than 50%, but not more than 100%, of those to
                  the Participant.

                           (iv) A benefit payable in a form other than a Single
                  Life Annuity or Qualified Joint and Survivor Annuity described
                  in subparagraph (iii) above shall be adjusted to the Actuarial
                  Equivalent of a Straight Life Annuity before applying the
                  limitations of this Section. Effective for Limitation Years
                  commencing on or after January 1, 1995, Actuarial Equivalent
                  for the form of benefit shall be determined using (1) the
                  interest rate and mortality table specified in Appendix A or
                  (2) 5% interest (or for lump sums or other benefits subject to
                  Code Section 417(e)(3), the applicable interest rate under
                  Code Section 415(b)(2)(E)(ii) as determined as provided in
                  Appendix A) and the applicable mortality table under Code
                  Section 415(b)(2)(E)(v), whichever produces the greater
                  Actuarial Equivalent value.

                                       20
<PAGE>

                           (v) In addition to other limitations set forth in the
                  Plan and notwithstanding any other provisions of the Plan, the
                  accrued benefit, including the right to any optional benefits
                  provided in the Plan (and all other defined benefit plans
                  required to be aggregated with this Plan under the provisions
                  of Code Section 415) shall not increase to an amount in excess
                  of the amount permitted under Code Section 415 at any time.

                  (c) For Limitation Years beginning on or after January 1,
         2002, the Defined Benefit Dollar Limitation for any Participant shall
         be adjusted as follows:

                           (i) If a Participant's pension begins prior to age
                  62, the Defined Benefit Dollar Limitation applicable to the
                  Participant at such earlier age is an annual benefit payable
                  in the form of a straight life annuity beginning at the
                  earlier age that is the actuarial equivalent of the Defined
                  Benefit Dollar Limitation applicable to the Participant at age
                  62 (as adjusted under paragraph (a) above, if required). The
                  Defined Benefit Dollar Limitation applicable at an age prior
                  to age 62 is determined as the lesser of (1) the Actuarial
                  Equivalent (at such age) of the Defined Benefit Dollar
                  Limitation computed using the factors specified in Section 5.3
                  or (2) the actuarial equivalent (at such age) of the Defined
                  Benefit Dollar Limitation computed using a 5 percent interest
                  rate and the applicable mortality table specified in Appendix
                  A to the Plan. Any decrease in the Defined Benefit Dollar
                  Limitation determined in accordance with this paragraph (c)
                  shall not reflect a mortality decrement if benefits are not
                  forfeited upon the death of the Participant. If any benefits
                  are forfeited upon death, the full mortality decrement is
                  taken into account.

                           (ii) If a Participant's pension begins after age 65,
                  the Defined Benefit Dollar Limitation applicable to the
                  Participant at such later age is the annual benefit payable in
                  the form of a straight life annuity beginning at the later age
                  that is actuarially equivalent to the defined benefit dollar
                  limitation applicable to the Participant at age 65 (as
                  adjusted under paragraph (a) above, if required). The
                  actuarial equivalent of the Defined Benefit Dollar Limitation
                  applicable at an age after age 65 is determined as (1) the
                  lesser of the Actuarial Equivalent (at such age) of the
                  Defined Benefit Dollar Limitation computed using the interest
                  rate and mortality table specified in Appendix A to the Plan
                  or (2) the actuarial equivalent (at such age) of the Defined
                  Benefit Dollar Limitation computed using a 5 percent interest
                  rate assumption and the applicable mortality table specified
                  in Appendix A to the Plan. For these purposes, mortality
                  between age 65 and the age at which benefits commence shall be
                  ignored.

                           (d) For Limitation Years beginning prior to January
                  1, 2002, the Defined Benefit Dollar Limitation for any
                  Participant shall be adjusted if a Participant's pension
                  begins before or after he or she attains his or her Social
                  Security Retirement Age. In such case, the Defined Benefit
                  Dollar Limitation shall be adjusted to its Actuarial
                  Equivalent beginning at the Participant's Social Security
                  Retirement Age; except that if his or her pension begins
                  before he or she attains his or her Social Security Retirement
                  Age, but after he or she attains age 62, the Defined Benefit
                  Dollar Limitation shall be reduced by 5/9 of 1% for

                                       21
<PAGE>

                  each of the first 36 months and 5/12 of 1% for each additional
                  month by which the Participant's benefit commencement date
                  precedes his or her Social Security Retirement Age. The
                  Defined Benefit Dollar Limitation applicable at an age prior
                  to age 62 is determined as the lesser of (1) the Actuarial
                  Equivalent (at such age) of the Defined Benefit Dollar
                  Limitation computed using the factors specified in Section 5.3
                  or (2) the actuarial equivalent (at such age) of the Defined
                  Benefit Dollar Limitation computed using a 5 percent interest
                  rate and the applicable mortality table specified in Appendix
                  A to the Plan. The interest rate used to determine the
                  Actuarial Equivalent shall be the rate stated in the Plan, but
                  shall be 5% if the pension begins after the Social Security
                  Retirement Age. For purposes of this Section and Section 5.7,
                  "Social Security Retirement Age" means (i) for any Participant
                  born before January 1, 1938, Age 65, (ii) for any Participant
                  born after December 31, 1937 but before January 1, 1955, Age
                  66, or (iii) for any other Participant, Age 67. A
                  Participant's pension shall be measured as a Single Life
                  Annuity beginning at his or her Social Security Retirement
                  Age.

         5.7 Defined Benefit Fraction and Defined Contribution Fraction. For
Plan Years beginning prior to the 2000 Plan Year, the largest aggregate annual
pension that may be paid to any Participant in any Plan Year under the Plan
shall not, when added to the pension under any other qualified defined benefit
plan maintained by the Sponsor or any Affiliated Company, exceed the lesser of
the dollar limitation described in Section 5.6 or the amount that would cause
the sum of a Participant's Defined Benefit Fraction and Defined Contribution
Fraction for the Plan Year in which the Participant's Severance occurs to equal
1.0. To the extent the sum of a Participant's Defined Benefit Fraction and
Defined Contribution Fraction exceeds 1.0, adjustments shall be made first by
reducing the Participant's benefit under any defined benefit plan maintained by
the Sponsor or an Affiliated Company.

                  (a) A Participant's Defined Benefit Fraction for a given Plan
         Year is a fraction, the numerator of which is his or her projected
         annual benefit for the Plan Year and the denominator of which is the
         lesser of (i) 1.25 multiplied by $90,000, adjusted to reflect
         commencement before or after Social Security Retirement Age, or (ii)
         1.4 multiplied by 100% of his or her average annual total cash
         remuneration from the Sponsor or any Affiliated Company in the
         thirty-six consecutive months which yield the highest average.

                  (b) A Participant's Defined Contribution Fraction for a given
         Plan Year is a fraction, the numerator of which is the sum of his or
         her annual additions for all calendar years and the denominator of
         which is the sum of his or her maximum aggregate amounts for all
         calendar years in which he or she is an Employee. A Participant's
         maximum aggregate amounts for any Plan Year shall equal the lesser of
         1.25 multiplied by the dollar limitation for such Plan Year or 1.4
         multiplied by the percentage limitation for such Plan Year.

                  (c) The annual addition to a Participant's account for any
         year is the sum, determined with respect to all defined contribution
         plans maintained by the Sponsor or an

                                       22
<PAGE>

         Affiliated Company (including any voluntary contributions feature of
         any defined benefit plan thereof), of:

                           (i) Company contributions and forfeitures allocated
                  to the Participant's account;

                           (ii) For Plan Years beginning after December 31,
                  1986, the amount of the Participant's contributions; for Plan
                  Years beginning before January 1, 1987, the lesser of:

                                    (A) 50% of his or her contributions; or

                                    (B) For each calendar year after 1975 the
                           amount by which the Participant's contributions
                           exceed 6% of his or her cash remuneration; for each
                           calendar year before 1976 during which he or she was
                           a Participant, the excess of the aggregate amount of
                           his or her contributions for all such years over 10%
                           of his or her aggregate cash remuneration from the
                           Sponsor or an Affiliated Company for all such years,
                           multiplied by a fraction the numerator of which is
                           one and the denominator of which is the number of
                           such years.

                           (iii) Amounts allocated after March 31, 1984 to an
                  individual medical account (as defined in Code Section
                  415(l)(2)) that is part of a pension or annuity plan
                  maintained by the Sponsor or an Affiliated Company;

                           (iv) Amounts derived from contributions paid or
                  accrued after December 31, 1985, in taxable years ending after
                  such date, that are attributable to post-retirement medical
                  benefits allocated to the separate account of a key employee
                  (as defined in Code Section 419A(d)(3)) under a welfare
                  benefit fund (as defined in Code Section 419(e)) maintained by
                  the Sponsor or an Affiliated Company; and

                           (v) allocations under a simplified employee pension.

         5.8 Mandatory Commencement of Benefits.

                  (a) A Participant's pension shall begin no later than sixty
         days after the close of the Plan Year in which falls the later of his
         or her attainment of the Normal Retirement Date or the date he or she
         incurs a Severance.

                  (b) In the case of an Active Participant, payment shall begin
         no later than an Active Participant's required beginning date
         determined under the rules of subparagraphs (i) or (ii) below:

                                       23
<PAGE>

                           (i) Active Participants attaining age 70-1/2 prior to
                  1999: The required beginning date of an Active Participant who
                  attains age 70-1/2 prior to 1999 shall be April 1 of the
                  calendar year immediately following the year in which the
                  Active Participant attains age 70-1/2; provided, however, that
                  an Active Participant, other than an Active Participant who is
                  a Five Percent Owner (as defined in Section 12.2), who attains
                  age 70-1/2 in 1996, 1997, or 1998 may elect to defer the
                  required beginning date until the first day of the month
                  coincident with or next following his or her Severance Date.

                           (ii) Active Participants attaining age 70-1/2 after
                  1998: The required beginning date of an Active Participant who
                  attains age 70-1/2 after 1998 shall be the first day of the
                  month coincident with or next following his or her Severance
                  Date; provided, however, if such Active Participant is a Five
                  Percent Owner (as defined in Section 12.2) with respect to the
                  Plan Year ending in the calendar year in which such
                  Participant attains age 70-1/2, the required beginning date
                  shall be April 1 of the calendar year immediately following
                  the year in which such Active Participant attains age
                  70-1/2.(6)

         5.9      Reemployment. If a Participant who is receiving benefits again
becomes an Eligible Employee, his or her pension shall be subject to the
following rules:

                  (a) If the Participant has not reached the Normal Retirement
         Date, his or her pension shall be suspended and recomputed upon his or
         her Severance Date.

                  (b) If the Participant has reached the Normal Retirement Date,
         for each calendar month or for each four or five week payroll period
         ending in a calendar month during which the Participant either
         completes 40 or more Hours of Service (counting each day of employment
         in a position designated by the Company as full time as five (5) Hours
         of Service), or receives payment for any such Hours of Service
         performed on each of eight or more days or separate work shifts in such
         month or payroll period, no pension payment shall be made, and no
         adjustment to the Participant's pension shall be made on account of
         such non-payment. No payment shall be withheld pursuant to this
         paragraph (b) until the Participant is notified by personal delivery or
         first class mail during the first calendar month or payroll period in
         which payments are suspended that his benefits are suspended. Such
         notification shall contain a description of the specific reasons why
         benefit payments are being suspended, a general description of the Plan
         provisions relating to the suspension of payments, a copy of such
         provisions, and a statement to the effect that applicable Department of
         Labor regulations may be found in Section 2530.203-3 of the Code of
         Federal Regulations. In addition, the suspension notification shall
         inform the Participant of the Plan's procedures for affording a review
         of the suspension of benefits.

----------

(6) Section 5.8 was amended by the First Amendment to the Allergan, Inc. Pension
Plan (Restated 1996) effective January 1, 1997 and is amended further by this
2001 Restatement as set forth above effective January 1, 2001.

                                       24
<PAGE>

                  (c) A Participant described in paragraphs (a) or (b), above,
         shall be eligible to receive credit for additional Benefit Years for
         any period of reemployment (as an Eligible Employee). The pension of
         such Participant shall be reduced by the Actuarial Equivalent of any
         payment received by the Participant under the Plan prior to his or her
         attainment of the Special Retirement Eligibility Date, or, if earlier,
         the first day on which he or she would have been entitled to 100% of
         his or her Accrued Benefit under Section 5.3(b) (if on his or her prior
         Severance Date he or she had deferred his or her benefit until that
         date).

         5.10 Early Disability Retirement. An Active Participant who is not
covered under a long term disability plan maintained by the Company, who has at
least five (5) Vesting Years, and who becomes totally and permanently disabled
shall be retired with an immediate pension beginning as of the date of
determination of such disability by the Company equal to 18% of the Employee's
Average Earnings plus .8% of such compensation for each Benefit Year in excess
of 10, unless he or she would receive a greater benefit under any other
provision of the Plan. Total and permanent disability means a medically
determinable physical or mental impairment of a potentially permanent character
which prevents an Employee from engaging in any substantial, gainful activity
and may, in the discretion of the Sponsor, include any disability for which he
or she receives a benefit under the Federal Social Security Act. The Sponsor
shall have the right to defer such determination until the appropriate state or
federal agency shall have made a finding that the Employee is suffering from a
disability as defined in the Federal Social Security Act. The Employee may be
required, as a condition of continued receipt of the disability pension, to
furnish the Sponsor once during each calendar year proof satisfactory to the
Sponsor of continuance of his or her total and permanent disability.

         5.11 Other Disabled Participants. An Active Participant who is covered
under a long term disability plan maintained by the Company, who has at least
five (5) Vesting Years, and who becomes eligible for benefits under such plan,
shall be eligible to accrue Benefit Years pursuant to this Section for the
duration of his or her disability until the earlier of (i) the later of his or
her Normal Retirement Date or Severance Date or (ii) the date he or she
commences to receive a pension under the Plan. The following rules shall apply
to benefit accruals under this Section:

                  (a) The Employee's Average Earnings during his or her
         disability shall be deemed to be his or her Average Earnings calculated
         at the time his or her disability commenced.

                  (b) The Employee's Primary Social Security Benefit shall be as
         defined in Article II and the Employee's Covered Compensation as
         defined in Section 4.1 shall be determined as of the year for which he
         or she is credited with his or her final Benefit Year.

                  (c) In addition, an Active Participant described in this
         Section who met the requirements for early retirement at the time his
         or her disability commenced shall be

                                       25
<PAGE>

         entitled to the survivor income benefit described in Section 7.1 until
         the date he or she commences to receive a pension under the Plan.

         5.12 Nonforfeitable Interest. Notwithstanding any other provision in
the Plan to the contrary, a Participant shall have a nonforfeitable interest in
his or her Accrued Benefit upon reaching the Normal Retirement Date, or if
earlier, upon being credited with five (5) or more Vesting Years. In addition, a
Participant shall have a nonforfeitable interest in his or her Accrued Benefit
upon reaching the Special Retirement Eligibility Date or if later, upon being
credited with one (1) Vesting Year.

         5.13 Compensation for Maximum Pension. For purposes of Sections 5.6 and
5.7, Compensation shall mean a Participant's earned income, wages, salaries,
fees for professional services, and other amounts received (without regard to
whether or not an amount is paid in cash) for personal services actually
rendered in the course of employment with the Company maintaining the Plan and
shall be determined as described below:

                  (a) Compensation shall include to the extent that the amounts
         are includible in gross income (including, but not limited to,
         commissions paid salespeople, compensation for services on the basis of
         a percentage of profits, commissions on insurance premiums, tips,
         bonuses, fringe benefits, and reimbursements or other expense
         allowances under a nonaccountable plan as described in Regulation
         1.62-2(c)).

                  (b) Compensation shall include any elective deferral as
         defined in Code Section 402(g)(3), any amount which is contributed or
         deferred by the Company at the election of the Employee that is
         excludable from an Employee's gross income under Code Sections 125 or
         457 and, for Plan Years beginning on or after January 1, 1998, any
         elective amount that is excludable from an Employee's gross income
         under Code Section 132(f)(4).

                  (c) Compensation shall not include (i) any employer
         contributions to a plan of deferred compensation which are not included
         in the Employee's gross income for the taxable year in which
         contributed, (ii) any distributions from a plan of deferred
         compensation, (iii) any amounts realized from the exercise of a
         non-qualified stock option or when restricted stock or property held by
         the Employee becomes either freely transferable or is no longer subject
         to a substantial risk of forfeiture under Code Section 83 if such
         option, stock, or property was granted to the Employee by the Company,
         (iv) any amounts realized from the sale, exchange, or other disposition
         of stock acquired under a qualified stock option, (v) any contribution
         for medical benefits (within the meaning of Code Section 419(f)(2)
         after termination of employment which is otherwise treated as an annual
         addition, and (vi) any amount otherwise treated as an annual addition
         under Code Section 415(l)(1).

                  (d) Notwithstanding anything in the Plan to the contrary,
         Compensation shall be determined in accordance with Code Section
         415(c)(3) as in effect for Plan Years beginning prior to January 1,
         1998 where required by applicable law.

                                       26
<PAGE>

                                   ARTICLE VI
                                FORM OF PENSIONS

         6.1 Unmarried Participants. The pension of a Participant who is
unmarried when payments begin shall be paid as a Single Life Annuity unless he
or she elects an optional form of benefit under Section 6.3 or receives a lump
sum distribution under Section 6.5.

         6.2 Married Participants. The pension of a Participant who is married
when payments begin shall be paid as a Qualified Joint and Survivor Annuity,
unless he or she elects an optional form of benefit under Section 6.3 or
receives a lump sum distribution under Section 6.5.

         6.3 Election of Optional Form of Benefit. A Participant may waive the
Single Life Annuity or, in the case of a married Participant, the Qualified
Joint and Survivor Annuity and elect any optional form of benefit described in
Section 6.4 in accordance with the following rules:

                  (a) The election shall be made in writing in a manner
         prescribed by the Committee on a form that clearly states that the
         Participant is electing to receive his or her pension other than as a
         Single Life Annuity or, in the case of a married Participant, his or
         her pension other than as a Qualified Joint and Survivor Annuity. No
         such election shall be effective with respect to a married Participant
         unless: (i) the Participant's spouse consents in writing to the
         election; (ii) such election designates the form of benefit and a
         specific beneficiary; (iii) the consent acknowledges the effect of the
         election; and (iv) the consent is witnessed by a notary public or by a
         Plan representative. Notwithstanding the foregoing, an election without
         spousal consent shall be effective if a married Participant elects a
         joint and survivor option providing for payment of at least 50% of his
         or her annuity to his or her surviving spouse, the Sponsor determines
         there is no spouse, or the spouse cannot be located.

                  (b) The election may be made or revoked at any time during an
         election period established by the Committee. Such election period
         shall begin when the information described in paragraph (d) is
         furnished to the Participant and, subject to paragraphs (c) through
         (e), shall end, with no opportunity for a further election, on the
         Participant's Annuity Starting Date. For purposes of Article VII
         (pertaining to pre-retirement death benefits), if an optional form of
         benefit is elected in accordance with this Section 6.3 within the 90
         day period ending on the Participant's date of death, the Participant's
         pension shall be deemed to have commenced even if the Participant dies
         prior to the Annuity Starting Date.

                  (c) Subject to paragraphs (d) and (e), in the case of a
         Participant who retires after attaining age 55, the election period
         described in paragraph (b) shall end on the date of the Participant's
         Severance, or on such later date as the Committee shall fix, but an
         election made during the election period may be revoked at any time
         before the later of the end of the election period or the Participant's
         Annuity Starting Date.

                                       27
<PAGE>

                  (d) Each Participant shall receive a written explanation of a
         Single Life Annuity or, in the case of a married Participant, a
         Qualified Joint and Survivor Annuity which shall include: (i) the terms
         and conditions of such annuity form of benefit; (ii) the Participant's
         right to make and the effect of waiving such annuity form of benefit;
         (iii) the rights of a spouse; (iv) the right to make, and the effect
         of, a revocation of a previous election to waive such annuity form of
         benefit; and (v) the relative values of the optional forms of benefit
         available under the Plan. Such explanation shall be furnished to the
         Participant no less than 30 days and no more than 90 days prior to the
         Participant's Annuity Starting Date except as provided in paragraph
         (e).

                  (e) The written explanation described in paragraph (d) may be
         furnished to the Participant less than 30 days prior to the
         Participant's Annuity Starting Date; provided, that, the written
         explanation: (i) clearly indicates that the Participant has at least 30
         days to consider whether to waive the Single Life Annuity or, in the
         case of a married Participant, the Qualified Joint and Survivor Annuity
         and to elect with spousal consent, if applicable, an optional form of
         benefit; (ii) the Participant is permitted to revoke any affirmative
         distribution election at least until the Annuity Starting Date or, if
         later, at any time prior to the expiration of the 7-day period that
         begins the day after the written explanation is provided to the
         Participant; and (iii) the Annuity Starting Date is a date after the
         date that the written explanation was provided to the Participant.
         Notwithstanding the foregoing, the Annuity Starting Date may be a date
         prior to the date the written explanation is provided to the
         Participant; provided, that, the Participant's pension is not paid or
         does not commence until at least 30 days after such written explanation
         is furnished, subject to the waiver of the 30-day period as provided in
         the foregoing sentence.

         6.4 Optional Forms of Benefit. Subject to the provisions of Section
6.3, a Participant may elect to receive the Actuarial Equivalent of his or her
pension in another form. The specific options shall be (i) a Single Life Annuity
which pays a benefit for the Participant's lifetime; (ii) a contingent
beneficiary option which pays a reduced benefit for the Participant's lifetime,
then continues 100%, 66 2/3%, or 50% of the reduced benefit for the lifetime of
one designated beneficiary; (iii) a guaranteed payment option which pays a
reduced benefit for the longer of the Participant's lifetime or a specified
number of months (60, 120, 180, or 240) with payments made to the Participant
and any remaining guaranteed payments on the Participant's death to a designated
beneficiary or beneficiaries; or (iv) a level income option (as more fully
described in Appendix B) which pays an increased benefit to a Participant (if
payments begin between the ages of 55 and 62) until age 62, a reduced benefit
beginning at age 62. Under each such option the Actuarial Equivalent of the
anticipated payments to the Participant shall be greater than that of those to
his or her beneficiary, except that if the beneficiary is the Participant's
spouse, the option may provide for a joint and survivor annuity under which the
periodic payments to the spouse are no greater than those to the Participant.

                                       28
<PAGE>

         6.5 Cash-Outs.

                  (a) If the lump sum Actuarial Equivalent of a Participant's
         nonforfeitable Accrued Benefit does not exceed or has never exceeded
         $5,000 ($3,500 for the 1997 Plan Year), the Participant or the
         Participant's beneficiary in the event of the Participant's death (i)
         shall be paid the lump sum Actuarial Equivalent, or (ii) may elect to
         have an Eligible Rollover Distribution paid directly by the Trustee to
         the trustee of an Eligible Retirement Plan.

                  (b) If the lump sum Actuarial Equivalent of a Participant's
         nonforfeitable Accrued Benefit exceeds $5,000 ($3,500 for the 1997 Plan
         Year), but does not exceed $10,000 ($7,000 for the 1997 Plan Year), the
         Participant, or the Participant's beneficiary in the event of the
         Participant's death, may elect (i) to be paid the lump sum Actuarial
         Equivalent, or (ii) to have an Eligible Rollover Distribution paid
         directly by the Trustee to the trustee of an Eligible Retirement Plan.
         No distribution may be elected under this paragraph (b) unless the
         Participant has attained at least age 55 with five (5) or more Vesting
         Years. In addition, the election may not be made after pension payments
         start, except that a Participant or a Participant's beneficiary whose
         payments started prior to September 1, 1993, and whose lump sum
         Actuarial Equivalent did not exceed $10,000 ($7,000 for the 1997 Plan
         Year) at the date payments started, may elect to be paid the remaining
         lump sum Actuarial Equivalent. A married Participant who elects a lump
         sum under this paragraph (b) must comply with the applicable
         requirements for spousal consent.

                  (c) A Participant who has no nonforfeitable Accrued Benefit in
         the Plan at the time of his or her Severance shall be deemed to have
         been cashed out with a zero cash benefit upon such Severance Date.(7)

----------
(7) Section 6.5 was amended by the First Amendment to the Allergan, Inc. Pension
Plan (Restated 1996) effective January 1, 1998 and is amended further by this
2001 Restatement as set forth above effective January 1, 2001.

                                       29
<PAGE>

                                   ARTICLE VII
                          PRE-RETIREMENT DEATH BENEFITS

         7.1 Eligibility. A death benefit shall be payable under Section 7.2
with respect to a Participant if, on the date of his or her death:

                  (a) he or she is an Employee who has met the requirements for
         normal or early retirement under Sections 5.1 or 5.3;

                  (b) he or she is an Employee not described in paragraph (a),
         above, who has a nonforfeitable interest in his or her Accrued Benefit;
         or

                  (c) he or she is a former Employee who has a nonforfeitable
         interest in his or her Accrued Benefit and whose pension has not yet
         commenced to be paid.

         7.2 Spousal Benefit. Upon the death of a Participant described in
Section 7.1, the Participant's surviving spouse, if living on the date set forth
in this Section, shall receive a pension or a lump sum distribution, if
applicable under Section 6.5, in accordance with the following rules:

                  (a) If the Participant is an Employee who has met the
         requirements for normal or early retirement under Sections 5.1 or 5.3,
         the pension to the surviving spouse shall begin as of the first day of
         the month following the Participant's date of death, shall end on the
         last day of the month in which the spouse's death occurs, and shall be
         in a monthly amount equal to the amount the spouse would have received
         if the Participant had retired on the date of his or her death and had
         elected an immediate pension in the form of a Qualified Joint and
         Survivor Annuity beginning on the first day of the month following the
         day of his or her death with the spouse as joint annuitant.

                  (b) If the Participant is an Employee who has not met the
         requirements for normal or early retirement under Sections 5.1 or 5.3
         but at the time of death has a nonforfeitable interest in his or her
         Accrued Benefit, the pension to the surviving spouse shall begin on the
         first day of the month following the month in which the Participant
         would have first met the requirements for early retirement, shall end
         on the last day of the month in which the spouse's death occurs, and
         shall be in a monthly amount equal to the amount the spouse would have
         received if (i) the Participant's Severance had occurred on the date of
         his or her death, (ii) the Participant had survived to meet the
         requirements for early retirement, (iii) the Participant had elected an
         immediate pension in the form of a Qualified Joint and Survivor Annuity
         beginning on the first day of the month coincident with or next
         following his or her attainment of the earliest retirement age with the
         spouse as joint annuitant, and (iv) the Participant had died the day
         after the date his or her pension commenced.

                  (c) If the Participant is a former Employee who retired under
         Section 5.1, the pension to the surviving spouse shall begin as of the
         first day of the month coincident

                                       30
<PAGE>

         with or next following the Participant's date of death, shall end on
         the last day of the month in which the spouse's death occurs, and shall
         be in a monthly amount equal to the amount the spouse would have
         received if the Participant had elected an immediate pension in the
         form of a Qualified Joint and Survivor Annuity beginning on the first
         day of the month coincident with or next following the date of his or
         her death with the spouse as joint annuitant.

                  (d) If the Participant is a former Employee who retired under
         Section 5.3, the pension to the surviving spouse shall begin as of the
         first day of the month coincident with or next following the
         Participant's date of death, shall end on the last day of the month in
         which the spouse's death occurs, and shall be in a monthly amount equal
         to the amount the spouse would have received if the Participant had
         elected an immediate pension in the form of a Qualified Joint and
         Survivor Annuity beginning on the first day of the month coincident
         with or next following the date of his or her death with the spouse as
         joint annuitant.

                  (e) If the Participant is a former Employee who did not meet
         the requirements for normal or early retirement under Sections 5.1 or
         5.3 but has a nonforfeitable interest in his or her Accrued Benefit,
         the pension to the surviving spouse shall begin on the first day of the
         month coincident with or next following the date the Participant would
         have first met the requirements for early retirement if he or she had
         not died but had lived, shall end on the last day of the month in which
         the spouse's death occurs, and shall be in a monthly amount equal to
         the amount the spouse would have received if (i) the Participant had
         survived to meet the requirements for early retirement, (ii) the
         Participant had elected an immediate pension in the form of a Qualified
         Joint and Survivor Annuity beginning on the first day of the month
         coincident with or next following his or her attainment of the earliest
         retirement age with the spouse as joint annuitant, and (iii) the
         Participant had died the day after the date his or her pension
         commenced.

         7.3 Alternate Death Benefit. In lieu of the benefit provided in Section
7.2, a Participant described in Section 7.1(a) may, at any time before his or
her pension commences, select a beneficiary or beneficiaries other than his or
her spouse for a survivor income benefit subject to Section 7.5. The monthly
payment to the beneficiary shall equal the payment the beneficiary would have
received and which would have been attributable to the Participant's Accrued
Benefit, if the Participant had retired on the day of his or her death with a
pension in the form of a 50% joint and survivor annuity beginning as of the
first day of the month following the day of his or her death with the
beneficiary as joint annuitant.

         7.4 Children's Survivor Benefit. In lieu of the benefit provided in
Section 7.2, a Participant described in Section 7.1(a) may, at any time before
his or her pension commences, select his or her child or children as beneficiary
or beneficiaries for the survivor income benefit subject to Section 7.5. The
aggregate monthly payment to the child or children shall equal the monthly
payment a surviving spouse of an age equal to that of the Participant would have
received and which would have been attributable to the Participant's Accrued
Benefit, if the Participant had been covered by Section 7.2 and had left such a
surviving spouse. Payments to

                                       31
<PAGE>

each child shall continue during such child's life or until the end of the month
in which the child attains age 19, whichever is earlier except that if the child
is enrolled as a full-time student in an academic institution, payments shall
continue until the earlier of the end of the month in which the child attains
age 23 or the termination of the child's education.

         7.5 Waiver of Spousal Benefit. An election under Section 7.3 or 7.4
shall be effective with respect to a married Participant only if he or she
waives the benefit provided in Section 7.2 in accordance with the following
rules:

                  (a) A waiver shall be made in writing in a manner prescribed
         by the Committee on a form that clearly states that the Participant is
         waiving the benefit provided in Section 7.2. No such waiver shall be
         effective unless: (i) the Participant's spouse consents in writing to
         the waiver; (ii) the waiver election designates the form of benefit and
         a specific beneficiary; (iii) the spouse's consent to the waiver
         acknowledges the effect of the waiver; and (iv) the spouse's consent is
         witnessed by a notary public or by a Plan representative. A waiver
         without spousal consent shall be effective if the Sponsor determines
         there is no spouse or the spouse cannot be located.

                  (b) Each Participant and his or her spouse shall receive a
         written explanation of the benefit provided in Section 7.2 which shall
         include: (i) the terms and conditions of the benefit; (ii) the
         Participant's right to make and the effect of waiving the benefit;
         (iii) the rights of a spouse; and (iv) the right to make, and the
         effect of, a revocation of a previous election to waive the benefit.
         Such explanation shall be furnished to the Participant within the
         applicable period. The term "applicable period" means, with respect to
         a Participant, whichever of the following periods ends earliest: (i)
         the period beginning with the first day of the Plan Year in which the
         Participant becomes a Participant described in Section 7.1(a) and
         ending on the date of the Participant's death or (ii) the period
         beginning with the first day of the Plan Year in which the Participant
         becomes a Participant described in Section 7.1(a) and ending on the
         date his or her pension commences.

                                       32
<PAGE>

                                  ARTICLE VIII
                                  CONTRIBUTIONS

         8.1 Company Contributions. The Company shall contribute each year an
amount actuarially determined to be sufficient to provide the benefits under the
Plan. Notwithstanding the foregoing, Company contributions for any Plan Year
shall be conditioned upon the deductibility of such contributions by the Company
under Code Section 404. The Company reserves the right, however, to reduce,
suspend or discontinue its contributions under the Plan for any reason at any
time. Except as provided in Section 8.3, it shall be impossible for any part of
the Company's contributions to revert to the Company, or to be used for, or
diverted to, any purpose other than for the exclusive benefit of Participants
and their Beneficiaries.

         8.2 Source of Benefits. All benefits under the Plan shall be paid
exclusively from the Fund, and the Company shall have no duty to contribute
thereto except as provided in this Article.

         8.3 Irrevocability. The Company shall have no right or title to, nor
interest in, the Company contributions made to the Fund, and no part of the Fund
shall revert to the Company, except that on and after the Effective Date funds
may be returned to the Company as follows:

                  (a) In the case of a contribution which is made by a mistake
         of fact, such contribution may be returned to the Company within one
         year after it is made.

                  (b) In the case of a contribution conditioned on the initial
         qualification of the Plan under Code Section 401 (or any successor
         statute thereto), and the Plan does not initially qualify upon the
         filing of a timely determination letter request, such contribution may
         be returned to the Company within one year after the date of denial of
         the initial qualification of the Plan.

                  (c) In the case of a contribution conditioned on the
         deductibility thereof under Code Section 404 (or any successor statute
         thereto), such contribution shall, to the extent such deduction is
         disallowed, be returned to the Company within one year after such
         disallowance.

                                       33
<PAGE>

                                   ARTICLE IX
                                 ADMINISTRATION

         9.1 Appointment of Committee. There is hereby created a committee (the
"Committee") which shall exercise such powers and have such duties in
administering the Plan as are hereinafter set forth. The Board of Directors
shall determine the number of members of such Committee. The members of the
Committee shall be appointed by the Board of Directors and such Board shall from
time to time fill all vacancies occurring in said Committee. The members of the
Committee shall constitute the Named Fiduciaries of the Plan within the meaning
of Section 402(a)(2) of ERISA.

         9.2 Transaction of Business. A majority of the Committee shall
constitute a quorum for the transaction of business. Actions of the Committee
may be taken either by vote at a meeting or in writing without a meeting. All
action taken by the Committee at any meeting shall be by a vote of the majority
of those present at such meeting. All action taken in writing without a meeting
shall be by a vote of the majority of those responding in writing. All notices,
advices, directions and instructions to be transmitted by the Committee shall be
in writing and signed by or in the name of the Committee. In all its
communications with the Trustee, the Committee may, by either of the majority
actions specified above, authorize any one or more of its members to execute any
document or documents on behalf of the Committee, in which event it shall notify
the Trustee in writing of such action and the name or names of its members so
designated and the Trustee shall thereafter accept and rely upon any documents
executed by such member or members as representing action by the Committee until
the Committee shall file with the Trustee a written revocation of such
designation.

         9.3 Voting. Any member of the Committee who is also a Participant
hereunder shall not be qualified to act or vote on any matter relating solely to
himself or herself, and upon such matter his or her presence at a meeting shall
not be counted for the purpose of determining a quorum. If, at any time a member
of the Committee is not so qualified to act or vote, the qualified members of
the Committee shall be reduced below two (2), the Board of Directors shall
promptly appoint one or more special members to the Committee so that there
shall be at least one qualified member to act upon the matter in question. Such
special Committee members shall have power to act only upon the matter for which
they were especially appointed and their tenure shall cease as soon as they have
acted upon the matter for which they were especially appointed.

         9.4 Responsibility of Committee. The authority to control and manage
the operation and administration of the Plan, the general administration of the
Plan, the responsibility for carrying out the Plan and the authority and
responsibility to control and manage the assets of the Trust are hereby
delegated by the Board of Directors to and vested in the Committee, except to
the extent reserved to the Board of Directors, the Sponsor, or the Company.
Subject to the limitations of the Plan, the Committee shall, from time to time,
establish rules for the performance of its functions and the administration of
the Plan. In the performance of its functions, the Committee shall not
discriminate in favor of Highly Compensated Employees.

                                       34
<PAGE>

         9.5 Committee Powers. The Committee shall have all discretionary powers
necessary to supervise the administration of the Plan and control its
operations. In addition to any discretionary powers and authority conferred on
the Committee elsewhere in the Plan or by law, the Committee shall have, but not
by way of limitation, the following discretionary powers and authority:

                  (a) To designate agents to carry out responsibilities relating
         to the Plan, other than fiduciary responsibilities as provided in
         Section 9.6.

                  (b) To employ such legal, actuarial, medical, accounting,
         clerical, and other assistance as it may deem appropriate in carrying
         out the provisions of the Plan, including one or more persons to render
         advice with regard to any responsibility any Named Fiduciary or any
         other fiduciary may have under the Plan.

                  (c) To establish rules and regulations from time to time for
         the conduct of the Committee's business and the administration and
         effectuation of the Plan.

                  (d) To administer, interpret, construe, and apply the Plan and
         to decide all questions which may arise or which may be raised under
         the Plan by any Employee, Participant, former Participant, Beneficiary
         or other person whatsoever, including but not limited to all questions
         relating to eligibility to participate in the Plan, the amount of
         Benefit Years or Vesting Years of any Participant, and the amount of
         benefits to which any Participant or his or her Beneficiary may be
         entitled.

                  (e) To determine the manner in which the assets of the Plan,
         or any part thereof, shall be disbursed.

                  (f) To direct the Trustee, in writing, from time to time, to
         invest and reinvest the Trust Fund, or any part thereof, or to
         purchase, exchange, or lease any property, real or personal, which the
         Committee may designate. This shall include the right to direct the
         investment of all or any part of the Trust in any one security or any
         one type of securities permitted hereunder. Among the securities which
         the Committee may direct the Trustee to purchase are "qualifying
         employer securities" as defined in ERISA Section 407(d)(5).

                  (g) Subject to provisions (a) through (d) of Section 10.1, to
         make administrative amendments to the Plan that do not cause a
         substantial increase or decrease in benefit accruals to Participants
         and that do not cause a substantial increase in the cost of
         administering the Plan.

                  (h) To perform or cause to be performed such further acts as
         it may deem to be necessary, appropriate or convenient in the efficient
         administration of the Plan.

         Any action taken in good faith by the Committee in the exercise of
discretionary powers conferred upon it by the Plan shall be conclusive and
binding upon the Participants and their Beneficiaries. All discretionary powers
conferred upon the Committee shall be absolute;

                                       35
<PAGE>

provided, however, that all such discretionary power shall be exercised in a
uniform and nondiscriminatory manner.

         9.6 Additional Powers of Committee. In addition to any discretionary
powers or authority conferred on the Committee elsewhere in the Plan or by law,
such Committee shall have the following discretionary powers and authority:

                  (a) To appoint one or more Investment Managers pursuant to
         Section 9.15 to manage and control any or all of the assets of the
         Trust.

                  (b) To designate persons (other than the members of the
         Committee) to carry out fiduciary responsibilities, other than any
         responsibility to manage or control the assets of the Trust;

                  (c) To allocate fiduciary responsibilities among the members
         of the Committee, other than any responsibility to manage or control
         the assets of the Trust;

                  (d) To cancel any such designation or allocation at any time
         for any reason;

                  (e) To exercise management and control over Plan assets.

         Any action under this Section 9.6 shall be taken in writing, and no
designation or allocation under paragraphs (a), (b) or (c) shall be effective
until accepted in writing by the indicated responsible person.

         9.7 Periodic Review of Funding Policy. At periodic intervals the
Committee shall review the long-run and short-run financial needs of the Plan
and shall determine a funding policy for the Plan consistent with the objectives
of the Plan and the minimum funding standards of ERISA, if applicable. In
determining such funding policy the Committee shall take into account, at a
minimum, not only the long-term investment objectives of the Trust Fund
consistent with the prudent management of the assets thereof, but also the
short-run needs of the Plan to pay benefits. All actions taken by the Committee
with respect to the funding policy of the Plan, including the reasons therefor,
shall be fully reflected in the minutes of the Committee.

         9.8 Claims Procedures. If a Participant believes that he or she is
being denied any rights or benefits under the Plan, such Participant (or his or
her beneficiary or duly appointed representative) may file a claim for benefits
in writing with the Committee. The Committee shall follow the procedures set
forth in this Section in processing a claim for benefits.

                  (a) Within 90 days following receipt by the Committee of a
         claim for benefits and all necessary documents and information, the
         Committee shall furnish the person claiming benefits under the Plan
         ("Claimant") with written notice of the decision rendered with respect
         to such claim. Should special circumstances require an extension of
         time for processing the claim, written notice of the extension shall be
         furnished to the Claimant prior to the expiration of the initial 90 day
         period. The notice shall indicate the

                                       36
<PAGE>

         special circumstances requiring an extension of time and the date by
         which a final decision is expected to be rendered. In no event shall
         the period of the extension exceed 90 days from the end of the initial
         90 day period.

                  (b) In the case of a denial of the Claimant's claim, the
         written notice of such denial shall set forth (i) the specific reasons
         for the denial, (ii) references to the Plan provisions upon which the
         denial is based, (iii) a description of any additional information or
         material necessary for perfection of the claim (together with an
         explanation why such material or information is necessary), and (iv) an
         explanation of the Plan's appeals procedures.

                  (c) If the Committee does not respond or does not furnish an
         extension notice within 90 days, the Claimant may consider his or her
         claim denied.

         9.9 Appeals Procedures. A Claimant who wishes to appeal the denial of
his or her claim for benefits shall follow the administrative procedures for an
appeal as set forth in this Section and shall exhaust such administrative
procedures prior to seeking any other form of relief.

                  (a) In order to appeal a decision rendered with respect to his
         or her claim for benefits, a Claimant must file an appeal with the
         Committee in writing within 60 days after the date of notice of the
         decision with respect to the claim, or if the claim has neither been
         approved nor denied within the period provided in Section 9.8(a) above,
         then the appeal must be made within 150 days of the date the claim for
         benefits was filed with the Committee.

                  (b) The Claimant may request that his or her appeal be given
         full and fair review by the Committee. The Claimant also may review all
         pertinent documents and submit issues and comments in writing in
         connection with the appeal. The decision of the Committee shall be made
         no later than 60 days after the Claimant has completed his or her
         submission to the Committee of his or her appeal and any documentation
         or other information to be submitted in support of such request. Should
         special circumstances require an extension of time for processing,
         written notice of the extension shall be furnished to the Claimant
         prior to the expiration of the initial 60 day period. The notice shall
         indicate the special circumstances requiring an extension of time and
         the date by which a final decision is expected to be rendered. In no
         event shall the period of the extension exceed 60 days from the end of
         the initial 60 day period.

                  (c) The decision on the Claimant's appeal shall be in writing
         and shall include specific reasons for the decision, written in a
         manner calculated to be understood by the Claimant with specific
         reference to the pertinent Plan provisions upon which the decision is
         based.

                  (d) If the Committee does not respond or does not furnish an
         extension notice within 60 days, the Claimant may consider his or her
         appeal denied.

                                       37
<PAGE>

         9.10 Limitation on Liability. Each of the fiduciaries under the Plan
shall be solely responsible for its own acts and omissions and no fiduciary
shall be liable for any breach of fiduciary responsibility resulting from the
act or omission of any other fiduciary or person to whom fiduciary
responsibilities have been allocated or delegated pursuant to Section 9.6,
except as provided in Sections 405(a) and 405(c)(2)(A) or (B) of ERISA. The
Committee shall have no responsibility over assets as to which management and
control has been delegated to an Investment Manager appointed pursuant to
Section 9.15 hereof or as to which management and control has been retained by
the Trustee.

         9.11 Indemnification and Insurance. To the extent permitted by law, the
Company shall indemnify and hold harmless the Committee and each member thereof,
each Trustee, the Board of Directors and each member thereof, and such other
persons as the Board of Directors may specify, from the effects and consequences
of his or her acts, omissions, and conduct in his or her official capacity in
connection with the Plan and Trust. To the extent permitted by law, the Company
may also purchase liability insurance for such persons.

         9.12 Compensation of Committee and Plan Expenses. Members of the
Committee shall serve as such without compensation unless the Board of Directors
shall otherwise determine, but in no event shall any member of the Committee who
is an Employee receive compensation from the Plan for his or her services as a
member of the Committee. All members shall be reimbursed for any necessary
expenditures incurred in the discharge of duties as members of the Committee.
The compensation or fees, as the case may be, of all officers, agents, counsel,
the Trustee or other persons retained or employed by the Committee shall be
fixed by the Committee, subject to approval by the Board of Directors. The
expenses incurred in the administration and operation of the Plan, including but
not limited to the expenses incurred by the members of the Committee in
exercising their duties, shall be paid by the Plan from the Trust Fund, unless
paid by the Company, provided, however, that the Plan and not the Company shall
bear the cost of interest and normal brokerage charges which are included in the
cost of securities purchased by the Trust Fund (or charged to proceeds in the
case of sales).

         9.13 Resignation. Any member of the Committee may resign by giving
fifteen (15) days notice to the Board of Directors, and any member shall resign
forthwith upon receipt of the written request of the Board of Directors, whether
or not said member is at that time the only member of the Committee.

         9.14 Reliance Upon Documents and Opinions. The members of the
Committee, the Board of Directors, the Company and any person delegated to carry
out any fiduciary responsibilities under the Plan (hereinafter a "delegated
fiduciary"), shall be entitled to rely upon any tables, valuations,
computations, estimates, certificates and reports furnished by any consultant,
or firm or corporation which employs one or more consultants, upon any opinions
furnished by legal counsel, and upon any reports furnished by the Trustee or any
Investment Manager. The members of the Committee, the Board of Directors, the
Company and any delegated fiduciary shall be fully protected and shall not be
liable in any manner whatsoever for anything done or action taken or suffered in
reliance upon any such consultant, or firm or

                                       38
<PAGE>

corporation which employs one or more consultants, Trustee, Investment Manager,
or counsel. Any and all such things done or such action taken or suffered by the
Committee, the Board of Directors, the Company and any delegated fiduciary shall
be conclusive and binding on all Employees, Participants, Beneficiaries, and any
other persons whomsoever, except as otherwise provided by law. The Committee and
any delegated fiduciary may, but are not required to, rely upon all records of
the Company with respect to any matter or thing whatsoever, and may likewise
treat such records as conclusive with respect to all Employees, Participants,
Beneficiaries, and any other persons whomsoever, except as otherwise provided by
law.

         9.15 Appointment of Investment Manager. From time to time the
Committee, in accordance with Section 9.6 hereof, may appoint one or more
Investment Managers who shall have investment management and control over assets
of the Trust. The Committee shall notify the Trustee of such assets of the
appointment of the Investment Manager. In the event more than one Investment
Manager is appointed, the Committee shall determine which assets shall be
subject to management and control by each Investment Manager and shall also
determine the proportion in which funds withdrawn or disbursed shall be charged
against the assets subject to each Investment Manager's management and control.
As shall be provided in any contract between an Investment Manager and the
Committee, such Investment Manager shall hold a revocable proxy with respect to
all securities which are held under the management of such Investment Manager
pursuant to such contract, and such Investment Manager shall report the voting
of all securities subject to such proxy on an annual basis to the Committee.

                                       39
<PAGE>

                                    ARTICLE X
                         AMENDMENT AND ADOPTION OF PLAN

         10.1 Right to Amend Plan. The Sponsor, by resolution of the Board of
Directors, shall have the right to amend the Plan and any trust agreement with
the Trustee at any time and from time to time and in such manner and to such
extent as it may deem advisable, including retroactively, subject to the
following provisions:

                  (a) No amendment shall have the effect of reducing any
         Participant's vested interest in the Plan or eliminating an optional
         form of distribution.

                  (b) No amendment shall have the effect of diverting any part
         of the assets of the Plan to persons or purposes other than the
         exclusive benefit of the Participants or their Beneficiaries.

                  (c) No amendment shall have the effect of increasing the
         duties or responsibilities of a Trustee without its written consent.

                  (d) No amendment shall result in discrimination in favor of
         officers, shareholders, or other highly compensated or key employees.

         The Committee shall have the right to amend the Plan, subject to
paragraphs (a) through (d) above, in accordance with the provisions of Section
9.5(g).

         10.2 Adoption of Plan by Affiliated Companies. Subject to approval by
the Board of Directors and consistent with the provisions of ERISA, an
Affiliated Company may adopt the Plan for all or any specified group of its
Eligible Employees by entering into an adoption agreement in the form and
substance prescribed by the Committee. The adoption agreement may include such
modification of the Plan provisions with respect to such Eligible Employees as
the Committee approves after having determined that no prohibited discrimination
or other threat to the qualification of the Plan is likely to result. The Board
of Directors may prospectively revoke or modify an Affiliated Company's
participation in the Plan at any time and for any or no reason, without regard
to the terms of the adoption agreement, or terminate the Plan with respect to
such Affiliated Company's Eligible Employees and Participants. By execution of
an adoption agreement (each of which by this reference shall become part of the
Plan), the Affiliated Company agrees to be bound by all the terms and conditions
of the Plan.

                                       40
<PAGE>

                                   ARTICLE XI
                             TERMINATION AND MERGER

         11.1 Right to Terminate Plan. The Sponsor, by resolution of the Board
of Directors, may terminate or partially terminate the Plan. If the Plan is
terminated or partially terminated, the assets of the Plan shall be allocated,
subject to Section 11.3, as provided in Section 4044 of the Employee Retirement
Income Security Act of 1974 (as it may be from time to time amended or construed
by any appropriate governmental agency or corporation), without subclasses. Any
amount remaining after all fixed and contingent liabilities of the Plan have
been satisfied shall be allocated to each Participant in proportion to the
present value of a benefit commencing at Normal Retirement Date equal to such
Participant's Average Earnings times Benefit Years. Allocations under this
Section to Participants with respect to whom the Plan is terminating shall be
nonforfeitable. Except as otherwise required by law, the time and manner of
distribution of the assets shall be determined by the Sponsor by amendment to
the Plan.

         11.2 Merger Restriction. No merger or consolidation with, or transfer
of any of the Plan's assets or liabilities to, any other plan shall occur at any
time unless each Participant would (if the Plan had then terminated) receive a
benefit immediately after the merger, consolidation, or transfer which is equal
to or greater than the benefit he would have been entitled to receive
immediately before the merger, consolidation, or transfer (if the Plan had then
terminated).

         11.3 Effect on Trustee and Committee. The Trustee and the Committee
shall continue to function as such for such period of time as may be necessary
for the winding up of the Plan and for the making of distributions in the manner
prescribed by the Board of Directors at the time of termination of the Plan.

         11.4 Effect of Reorganization, Transfer of Assets or Change in Control.

                  (a) In the event of a consolidation or merger of the Company,
         or in the event of a sale and/or any other transfer of the operating
         assets of the Company, any ultimate successor or successors to the
         business of the Company may continue the Plan in full force and effect
         by adopting the same by resolution of its board of directors and by
         executing a proper supplemental or transfer agreement with the Trustee.

                  (b) In the event of a Change in Control (as herein defined),
         all Participants who were Participants on the date of such Change in
         Control shall become 100% vested in their Accrued Benefit on the date
         of such Change in Control and in any benefit accruals subsequent to the
         date of the Change in Control. Notwithstanding the foregoing, the Board
         of Directors may, at its discretion, amend or delete this paragraph (b)
         in its entirety prior to the occurrence of any such Change in Control.
         For the purpose of this paragraph (b), "Change in Control" shall mean
         the following and shall be deemed to occur if any of the following
         events occur:

                           (i) Any "person," as such term is used in Sections
                  13(d) and 14(d) of the Securities Exchange Act of 1934, as
                  amended (the "Exchange Act") (a "Person"), is or becomes the
                  "beneficial owner," as defined in Rule 13d-3 under

                                       41
<PAGE>

                  the Exchange Act (a "Beneficial Owner"), directly or
                  indirectly, of securities of the Sponsor representing (1) 20%
                  or more of the combined voting power of the Sponsor's then
                  outstanding voting securities, which acquisition is not
                  approved in advance of the acquisition or within 30 days after
                  the acquisition by a majority of the Incumbent Board (as
                  hereinafter defined) or (2) 33% or more of the combined voting
                  power of the Sponsor's then outstanding voting securities,
                  without regard to whether such acquisition is approved by the
                  Incumbent Board;

                           (ii) Individuals who, as of the date hereof,
                  constitute the Board of Directors (the "Incumbent Board"),
                  cease for any reason to constitute at least a majority of the
                  Board of Directors, provided that any person becoming a
                  director subsequent to the date hereof whose election, or
                  nomination for election by the Sponsor's stockholders, is
                  approved by a vote of at least a majority of the directors
                  then comprising the Incumbent Board (other than an election or
                  nomination of an individual whose initial assumption of office
                  is in connection with an actual or threatened election contest
                  relating to the election of the directors of the Sponsor, as
                  such terms are used in Rule 14a-11 of Regulation 14A
                  promulgated under the Exchange Act) shall, for the purposes of
                  the Plan, be considered as though such person were a member of
                  the Incumbent Board of the Sponsor;

                           (iii) The consummation of a merger, consolidation or
                  reorganization involving the Sponsor, other than one which
                  satisfies both of the following conditions:

                                    (1) a merger, consolidation or
                           reorganization which would result in the voting
                           securities of the Sponsor outstanding immediately
                           prior thereto continuing to represent (either by
                           remaining outstanding or by being converted into
                           voting securities of another entity) at least 55% of
                           the combined voting power of the voting securities of
                           the Sponsor or such other entity resulting from the
                           merger, consolidation or reorganization (the
                           "Surviving Corporation") outstanding immediately
                           after such merger, consolidation or reorganization
                           and being held in substantially the same proportion
                           as the ownership in the Sponsor's voting securities
                           immediately before such merger, consolidation or
                           reorganization, and

                                    (2) a merger, consolidation or
                           reorganization in which no Person is or becomes the
                           Beneficial Owner, directly or indirectly, of
                           securities of the Sponsor representing 20% or more of
                           the combined voting power of the Sponsor's then
                           outstanding voting securities; or

                           (iv) The stockholders of the Sponsor approve a plan
                  of complete liquidation of the Sponsor or an agreement for the
                  sale or other disposition by the Sponsor of all or
                  substantially all of the Sponsor's assets.

                                       42
<PAGE>

                  Notwithstanding the preceding provisions of this paragraph
         (b), a Change in Control shall not be deemed to have occurred if the
         Person described in the preceding provisions of this paragraph (b) is
         (i) an underwriter or underwriting syndicate that has acquired any of
         the Sponsor's then outstanding voting securities solely in connection
         with a public offering of the Sponsor's securities, (ii) the Sponsor or
         any subsidiary of the Sponsor or (iii) an employee stock ownership plan
         or other employee benefit plan maintained by the Sponsor or an
         Affiliated Company that is qualified under the provisions of the Code.
         In addition, notwithstanding the preceding provisions of this paragraph
         (b), a Change in Control shall not be deemed to have occurred if the
         Person described in the preceding provisions of this paragraph (b)
         becomes a Beneficial Owner of more than the permitted amount of
         outstanding securities as a result of the acquisition of voting
         securities by the Sponsor or an Affiliated Company which, by reducing
         the number of voting securities outstanding, increases the proportional
         number of shares beneficially owned by such Person, provided, that if a
         Change in Control would occur but for the operation of this sentence
         and such Person becomes the Beneficial Owner of any additional voting
         securities (other than through the exercise of options granted under
         any stock option plan of the Sponsor or through a stock dividend or
         stock split), then a Change in Control shall occur.(8)

         11.5 Termination Restrictions. The following termination restrictions
shall apply:

                  (a) In the event the Plan is terminated, the Accrued Benefit
         of any Highly Compensated Employee (active or former) shall be limited
         to an Accrued Benefit that is nondiscriminatory under Code Section
         401(a)(4).

                  (b) The Accrued Benefit distributed to any of the 25 most
         Highest Compensated Employees (active or former) with the greatest
         Earnings in the current or any prior year shall be restricted so that
         the annual payments to such Highest Compensated Employee are no greater
         than an amount equal to the payment that would be made on behalf of the
         Highly Compensated Employee under a straight life annuity that is the
         actuarial equivalent of the sum of the Highly Compensated Employee's
         Accrued Benefit, other benefits under the Plan (other than social
         security supplement, within the meaning of Section 1.411(a)-7(c)(4)(ii)
         of the Income Tax Regulations), and the amount that he is entitled to
         receive under a social security supplement.

                  (c) Paragraph (b) shall not apply if:

                            (i) After payment of the Accrued Benefit to an
                  Employee described in paragraph (a), the value of Plan assets
                  equals or exceeds 110% of the value of current liabilities, as
                  defined in Code Section 412(1)(7),

----------
(8) Section 11.4(b) was amended by the Fourth Amendment to the Allergan, Inc.
Pension Plan (Restated 1996) effective January 1, 2000 and is amended further by
this 2001 Restatement as set forth above effective January 1, 2001.

                                       43
<PAGE>

                            (ii) The value of the Accrued Benefit for an
                  Employee described in paragraph (a) is less than 1% of the
                  value of current liabilities before distribution, or

                            (iii) The value of the Accrued Benefit payable under
                  the Plan to an Employee described in paragraph (b) does not
                  exceed $3,500.

                  For purposes of this paragraph (c), the Accrued Benefit
         includes loans in excess of the amount set forth in Code Section
         72(p)(2)(A), any periodic income, any withdrawal values payable to a
         living Employee, and any death benefits not provided for by insurance
         on the Employee's life.

                                       44
<PAGE>

                                   ARTICLE XII
                                 TOP-HEAVY RULES

         12.1 Applicability. Notwithstanding any provision in the Plan to the
contrary, and subject to the limitations set forth in Section 12.7, the
requirements of Sections 12.4, 12.5, and 12.6 shall apply under the Plan in the
case of any Plan Year in which the Plan is determined to be a Top-Heavy Plan
under the rules of Section 12.3. For the purpose of this Article XII, the term
"Company" shall mean the Sponsor and any Affiliated Company whether or not such
Affiliated Company has adopted the Plan.

         12.2 Definitions. For purposes of this Article XII, the following
special definitions and rules shall apply:

                  (a) The term "Key Employee" means any Employee or former
         Employee (including any deceased Employee) who, at any time during the
         Plan Year that includes the Determination Date, was an officer of the
         Company having annual Compensation greater than $130,000 (as adjusted
         under Code Section 416(i)(1) for Plan Years beginning after December
         31, 2002), a Five Percent Owner of the Company, or an One Percent Owner
         of the Company having annual Compensation of more than $150,000.
         Notwithstanding the foregoing, for Plan Years beginning prior to
         January 1, 2002, the term "Key Employee" means any Employee or former
         Employee (including any deceased Employee) who, at any time during the
         Plan Year or any of the four preceding Plan Years, is or was: (i) an
         officer of the Company having an annual Compensation greater than 50%
         of the amount in effect under Code Section 415(b)(1)(A) for the Plan
         Year; provided, however, for such purposes no more than 50 Employees
         (or, if lesser, the greater of three Employees or 10% of the Employees)
         shall be treated as officers; (ii) one of the ten Employees having
         annual Compensation from the Company of more than the limitation in
         effect under Code Section 415(c)(1)(A) and owning (or considered as
         owning within the meaning of Code Section 318) the largest interests in
         the Company; provided, however, if two Employees have the same interest
         in the Company, the Employee having greater annual Compensation from
         the Company shall be treated as having a larger interest; (iii) a Five
         Percent Owner of the Company; or (iv) a One Percent Owner of the
         Company having an annual Compensation from the Company of more than
         $150,000.

                  (b) The term "Five Percent Owner" means any person who owns
         (or is considered as owning within the meaning of Code Section 318)
         more than 5% of the outstanding stock of the Company or stock
         possessing more than 5% of the total combined voting power of all stock
         of the Company.

                  (c) The term "One Percent Owner" means any person who would be
         described in paragraph (b) if "1%" were substituted for "5%" each place
         where it appears therein.

                  (d) The term "Non-Key Employee" means any Employee who is not
         a Key Employee.

                                       45
<PAGE>

                  (e) The term "Determination Date" means, with respect to any
         plan year, the last day of the preceding plan year. In the case of the
         first plan year of any plan, the term "Determination Date" shall mean
         the last day of that plan year.

                  (f) The term "Aggregation Group" means (i) each qualified plan
         of the Company in which at least one Key Employee participates or
         participated at any time during the determination period (regardless of
         whether the plan has terminated), and (ii) any other qualified plan of
         the Company which enables a plan described in clause (i) to meet the
         requirements of Code Sections 401(a)(4) or 410. Any plan not required
         to be included in an Aggregation Group under the preceding rules may be
         treated as being part of such group if the group would continue to meet
         the requirements of Code Sections 401(a)(4) and 410 with the plan being
         taken into account.

                  (g) For purposes of determining ownership under paragraphs
         (a), (b) and (c) above, the following special rules shall apply: (i)
         Code Section 318(a)(2)(C) shall be applied by substituting "5%" for
         "50%", and (ii) the aggregation rules of Code Sections 414(b), (c) and
         (m) shall not apply, with the result that the ownership tests of this
         Section 12.2 shall apply separately with respect to each Affiliated
         Company.

                  (h) The terms "Key Employee" and "Non-Key Employee" shall
         include their Beneficiaries, and the definitions provided under this
         Section 12.2 shall be interpreted and applied in a manner consistent
         with the provisions of Code Section 416(i) and the regulations
         thereunder.

                  (i) For purposes of this Article XII, an Employee's
         Compensation shall be determined in accordance with the rules of Code
         Section 415 and the regulations thereunder.

         12.3     Top-Heavy Status.

                  (a) The term "Top-Heavy Plan" means, with respect to any Plan
         Year:

                           (i) Any defined benefit plan if, as of the
                  Determination Date, the present value of the cumulative
                  accrued benefits under the plan for Key Employees exceeds 60%
                  of the present value of the cumulative accrued benefits under
                  the plan for all Employees; and

                           (ii) Any defined contribution plan if, as of the
                  Determination Date, the aggregate of the account balances of
                  Key Employees under the plan exceeds 60% of the aggregate of
                  the account balances of all Employees under the plan.

                  In applying the foregoing provisions of this paragraph (a),
         the valuation date to be used in valuing Plan assets shall be (i) in
         the case of a defined benefit plan, the same date which is used for
         computing costs for minimum funding purposes, and (ii) in the case of a

                                       46
<PAGE>
         defined contribution plan, the most recent valuation date within a
         12-month period ending on the applicable Determination Date.

                  (b) Each plan maintained by the Company required to be
         included in an Aggregation Group shall be treated as a Top-Heavy Plan
         if the Aggregation Group is a Top-Heavy Group.

                  (c) The term "Top-Heavy Group" means any Aggregation Group if
         the sum (as of the Determination Date) of (i) the present value of the
         cumulative accrued benefits for Key Employees under all defined benefit
         plans included in the group, and (ii) the aggregate of the account
         balances of Key Employees under all defined contribution plans included
         in the group exceeds 60% of a similar sum determined for all Employees.
         For purposes of determining the present value of the cumulative accrued
         benefit of any Employee, or the amount of the account balance of any
         Employee, such present value or amount shall be increased by the
         aggregate distributions made with respect to the Employee under the
         plan (including a terminated plan which, had it not been terminated,
         would have been aggregated with the plan under Code Section
         416(g)(2)(A)(i))during the one year period ending on the Determination
         Date. In the case of distributions made for a reason other than
         separation from service, death, or disability, the preceding sentence
         shall be applied by substituting "5-year period" for "l -year period."
         For Plan Years beginning prior to January 1, 2002, the present value of
         the cumulative accrued benefit of any Employee or the amount of the
         account balance of any Employee shall be increased by the aggregate
         distributions made with respect to the Employee under the plan during
         the five year period ending on the Determination Date. For all Plan
         Years, any rollover contribution or similar transfer initiated by the
         Employee and made after December 31, 1983, to a plan shall not be taken
         into account with respect to the transferee plan for purposes of
         determining whether such plan is a Top-Heavy Plan (or whether any
         Aggregation Group which includes such plan is a Top-Heavy Group).

                  (d) If any individual is a Non-Key Employee with respect to
         any plan for any plan year, but the individual was a Key Employee with
         respect to the plan for any prior plan year, any accrued benefit for
         the individual (and the account balance of the individual) shall not be
         taken into account for purposes of this Section 12.3.

                  (e) If any individual has not performed services for the
         Company at any time during the one year period (five year period for
         Plan Years beginning prior to January 1, 2002) ending on the
         Determination Date, any accrued benefit for such individual (and the
         account balance of the individual) shall not be taken into account for
         purposes of this Section 12.3.

                  (f) In applying the foregoing provisions of this Section, the
         accrued benefit of a Non-Key Employee shall be determined (i) under the
         method, if any, which is used for accrual purposes under all plans of
         the Company and any Affiliate, or (ii) if there is no such uniform
         method, as if such benefit accrued not more rapidly than the slowest
         accrual rate permitted under Code Section 411(b)(1)(C).

                                       47
<PAGE>

                  (g) For all purposes of this Article XII, the definitions
         provided under this Section 12.3 shall be applied and interpreted in a
         manner consistent with the provisions of Code Section 416(g) and the
         Regulations thereunder.

         12.4     Minimum Benefit.

                  (a) The Plan shall provide a minimum benefit for each
         Participant who is not classified as a "Key Employee." This minimum
         benefit, when expressed as an annual retirement benefit payable in the
         form of a single life annuity beginning when the Participant attains
         Age 65, shall not be less than the Participant's average annual
         compensation during the period of consecutive years (not exceeding five
         (5)) during which the Participant had the greatest aggregate
         compensation from the Company multiplied by the lesser of:

                           (i) Two percent (2%) multiplied by the number of his
                  or her Vesting Years; or

                           (ii) Twenty percent (20%).

                  (b) For purposes of this Section 12.4, Vesting Years shall be
         determined under Code Sections 411(a)(4), (5), and (6), but excluding:

                           (i) Any Vesting Year if the Plan was not a Top-Heavy
                  Plan for the Plan Year ending during such Vesting Year;

                           (ii) Any Vesting Year which was completed in a Plan
                  Year beginning before January 1, 1984; and

                           (iii) Any Vesting Year which was completed in a Plan
                  Year beginning on or after January 1, 2002 during which the
                  Plan benefits (within the meaning of Code Section 410(b)) no
                  Key Employee or former Key Employee.

                  (c) The Participant's minimum benefit determined under this
         Section 12.4 shall be calculated without regard to any Social Security
         benefits payable to the Participant.

                  (d) In the event a Participant is covered by both a defined
         contribution and a defined benefit plan maintained by the Company, both
         of which are determined to be Top-Heavy Plans, the Company shall
         satisfy the minimum benefit requirements of Code Section 416 by
         providing (in lieu of the minimum contribution described under the
         defined contribution plan) a minimum benefit under the Plan so as to
         prevent the duplication of required minimum benefits hereunder.

                                       48
<PAGE>

         12.5     Maximum Benefit.

                  (a) Except as set forth below, in the case of any Top-Heavy
         Plan the rules of Sections 5.7(a)(i) and 5.7(b) shall be applied by
         substituting "1.0" for "1.25."

                  (b) The rule set forth in paragraph (a) above shall not apply
         if the requirements of both subparagraphs (i) and (ii) are satisfied.

                           (i) The requirements of this subparagraph (i) are
                  satisfied if the rules of Section 12.4(a) above would be
                  satisfied after substituting "three percent (3%)" for "two
                  percent (2%)" where it appears therein and by increasing (but
                  not by more than ten (10) percentage points) twenty percent
                  (20%) by one (1) percentage point for each year for which the
                  Plan is a Top Heavy Plan.

                           (ii) The requirements of this subparagraph (ii) are
                  satisfied if the Plan would not be a Top-Heavy Plan if "ninety
                  percent (90%)" were substituted for "sixty percent (60%)" each
                  place it appears in Sections 12.3(a) and 12.3(c).

                  (c) The rules of paragraph (a) shall not apply with respect to
         any Employee as long as there are no --

                           (i) Company contributions, forfeitures, or voluntary
                  nondeductible contributions allocated to the Employee under a
                  defined contribution plan maintained by the Company, or

                           (ii) Accruals by the Employee under a defined benefit
                  plan maintained by the Company.

                  (d) In the case where the Plan is subject to the rules of
         paragraph (a) above, the transition fraction rules of Code Section
         415(e)(6) shall be applied by substituting "$41,500" for "$51,875."

         12.6     Minimum Vesting Rules.

                  (a) For any Plan Year in which it is determined that the Plan
         is a Top-Heavy Plan, the vesting schedule of the Plan shall be changed
         to that set forth below (unless the Plan's vesting schedule otherwise
         provides for vesting at a rate at least as rapid as that set forth
         below):

<Table>
<Caption>
Number of Vesting Years                              Nonforfeitable Percentage
-----------------------                              -------------------------
<S>                                                  <C>
Less than 3 years                                                 0%
3 or more                                                       100%
</Table>

                                       49
<PAGE>

                  (b) If the Plan ceases to be a Top-Heavy Plan, the vesting
         schedule of the Plan shall (for such Plan Years as the Plan is not a
         Top-Heavy Plan) revert to that provided in Section 5.12 (the "Regular
         Vesting Schedule"). If such reversion to the Regular Vesting Schedule
         is deemed to constitute a vesting schedule change that is attributable
         to a Plan amendment (within the meaning of Code Section 411(a)(10)),
         then such reversion to said Regular Vesting Schedule shall be subject
         to the requirements of Code Section 411(a)(10). For such purposes, the
         date of the adoption of such deemed amendment shall be the
         Determination Date as of which it is determined that the Plan has
         ceased to be a Top-Heavy Plan.

         12.7 Noneligible Employees. The rules of this Article XII shall not
apply to any Employee included in a unit of employees covered by a collective
bargaining agreement between employee representatives and one or more employers
if retirement benefits were the subject of good faith bargaining between such
employee representatives and the employer or employers.

                                       50
<PAGE>

                                  ARTICLE XIII
                          RESTRICTION ON ASSIGNMENT OR
                        OTHER ALIENATION OF PLAN BENEFITS

         13.1 General Restrictions Against Alienation.

                  (a) The interest of any Participant or his or her Beneficiary
         in the income, benefits, payments, claims or rights hereunder, or in
         the Trust Fund, shall not in any event be subject to sale, assignment,
         hypothecation, or transfer. Each Participant and Beneficiary is
         prohibited from anticipating, encumbering, assigning, or in any manner
         alienating his or her interest under the Trust Fund, and is without
         power to do so. The interest of any Participant or Beneficiary shall
         not be liable or subject to his or her debts, liabilities, or
         obligations, now contracted, or which may hereafter be contracted, and
         such interest shall be free from all claims, liabilities, or other
         legal process now or hereafter incurred or arising. Neither the
         interest of a Participant or Beneficiary, nor any part thereof, shall
         be subject to any judgment rendered against any such Participant or
         Beneficiary. Notwithstanding the foregoing, a Participant's or
         Beneficiary's interest in the Plan may be subject to the enforcement of
         a Federal tax levy made pursuant to Code Section 6331 or the collection
         by the United States on a judgment resulting from an unpaid tax
         assessment.

                  (b) In the event any person attempts to take any action
         contrary to this Article XIII, such action shall be null and void and
         of no effect, and the Company, the Committee, the Trustee and all
         Participants and their Beneficiaries, may disregard such action and are
         not in any manner bound thereby, and they, and each of them, shall
         suffer no liability for any such disregard thereof, and shall be
         reimbursed on demand out of the Trust Fund for the amount of any loss,
         cost or expense incurred as a result of disregarding or of acting in
         disregard of such action.

                  (c) The foregoing provisions of this Section shall be
         interpreted and applied by the Committee in accordance with the
         requirements of Code Section 401(a)(13) and Section 206(d) of ERISA as
         construed and interpreted by authoritative judicial and administrative
         rulings and regulations.

         13.2 Qualified Domestic Relations Orders. The rule set forth in Section
13.1 above shall not apply with respect to a "Qualified Domestic Relations
Order" as described below.

                  (a) A "Qualified Domestic Relations Order" is a judgment,
         decree, or order (including approval of a property settlement
         agreement) that:

                           (i) Creates or recognizes the existence of an
                  Alternate Payee's right to, or assigns to an Alternate Payee
                  the right to, receive all or a portion of the benefits payable
                  under this Plan with respect to a Participant,

                                       51
<PAGE>

                           (ii) Relates to the provision of child support,
                  alimony payments, or marital property rights to a spouse,
                  former spouse, child or other dependent of a Participant,

                           (iii) Is made pursuant to a State domestic relations
                  law (including a community property law), and

                           (iv) Clearly specifies: (1) the name and last known
                  mailing address (if any) of the Participant and the name and
                  mailing address of each Alternate Payee covered by the order
                  (if the Committee does not have reason to know that address
                  independently of the order); (2) the amount or percentage of
                  the Participant's benefits to be paid to each Alternate Payee,
                  or the manner in which the amount or percentage is to be
                  determined; (3) the number of payments or period to which the
                  order applies; and (4) each plan to which the order applies.

                  For purposes of this Section 13.2, "Alternate Payee" means any
         spouse, former spouse, child or other dependent of a Participant who is
         recognized by a domestic relations order as having a right to receive
         all, or a portion of, the benefits payable with respect to the
         Participant.

                  (b) A domestic relations order is not a Qualified Domestic
         Relations Order if it requires:

                           (i) The Plan to provide any type or form of benefit,
                  or any option, not otherwise provided under the Plan;

                           (ii) The Plan to provide increased benefits; or

                           (iii) The payment of benefits to an Alternate Payee
                  that are required to be paid to another Alternate Payee under
                  a previous Qualified Domestic Relations Order.

                  (c) A domestic relations order shall not be considered to fail
         to satisfy the requirements of paragraph (b)(i) above with respect to
         any payment made before a Participant has separated from service solely
         because the order requires that payment of benefits be made to an
         Alternate Payee:

                           (i) On or after the date on which the Participant
                  attains (or would have first attained) his earliest retirement
                  age (as defined in Code Section 414(p)(4)(B));

                           (ii) As if the Participant had retired on the date on
                  which such payment is to begin under such order (but taking
                  into account only the present value of accrued benefits and
                  not taking into account the present value of any subsidy for
                  early retirement benefits); and

                                       52
<PAGE>

                           (iii) In any form in which such benefits may be paid
                  under the Plan to the Participant (other than in the form of a
                  joint and survivor annuity with respect to the Alternate Payee
                  and his or her subsequent spouse).

                  Notwithstanding the foregoing, if the Participant dies before
         his or her earliest retirement age (as defined in Code Section
         414(p)(4)(B)), the Alternate Payee is entitled to benefits only if the
         Qualified Domestic Relations Order requires survivor benefits to be
         paid to the Alternate Payee.

                  (d) To the extent provided in any Qualified Domestic Relations
         Order, the former spouse of a Participant shall be treated as a
         surviving spouse of the Participant for purposes of applying the rules
         (relating to minimum survivor annuity requirements) of Code Sections
         401(a)(11) and 417, and any current spouse of the Participant shall not
         be treated as a spouse of the Participant for such purposes.

                  (e) In the case of any domestic relations order received by
         the Plan, the Committee shall promptly notify the Participant and any
         Alternate Payee of the receipt of the order and the Plan's procedures
         for determining the qualified status of domestic relations orders.
         Within a reasonable period after the receipt of the order, the
         Committee shall determine whether the order is a Qualified Domestic
         Relations Order and shall notify the Participant and each Alternate
         Payee of such determination.

                  (f) The Committee shall establish reasonable procedures to
         determine the qualified status of domestic relations orders and to
         administer distributions under Qualified Domestic Relations Orders.
         During any period in which the issue of whether a domestic relations
         order is a Qualified Domestic Relations Order is being determined (by
         the Committee, by a court of competent jurisdiction, or otherwise), the
         Committee shall segregate in a separate account in the Plan (or in an
         escrow account) the amounts which would have been payable to the
         Alternate Payee during the period if the order had been determined to
         be a Qualified Domestic Relations Order. If within the 18 Month Period
         (as defined below), the order (or modification thereof) is determined
         to be a Qualified Domestic Relations Order, the Committee shall pay the
         segregated amounts (plus any interest thereon) to the person or persons
         entitled thereto. However, if within the 18 Month Period (i) it is
         determined that the order to not a Qualified Domestic Relations Order,
         or (ii) the issue as to whether the order is a Qualified Domestic
         Relations Order is not resolved, then the Committee shall pay the
         segregated amounts (plus any interest thereon) to the person or persons
         who would have been entitled to the amounts if there had been no order
         (assuming such benefits were otherwise payable). Any determination that
         an order is a Qualified Domestic Relations Order that is made after the
         close of the 18 Month Period shall be applied prospectively only. For
         purposes of this Section 13.2, the "18 Month Period" shall mean the 18
         month period beginning with the date on which the first payment would
         be required to be made under the domestic relations order.

                                       53
<PAGE>

                                   ARTICLE XIV
                                  MISCELLANEOUS

         14.1 No Right of Employment Hereunder. The adoption and maintenance of
the Plan and Trust shall not be deemed to constitute a contract of employment or
otherwise between the Company and any Employee or Participant, or to be a
consideration for, or an inducement or condition of, any employment. Nothing
contained herein shall be deemed to give any Employee the right to be retained
in the service of the Company or to interfere with the right of the Company to
discharge, with or without cause, any Employee or Participant at any time, which
right is hereby expressly reserved.

         14.2 Effect of Article Headings. Article headings are for convenient
reference only and shall not be deemed to be a part of the substance of this
instrument or in any way to enlarge or limit the contents of any Article.

         14.3 Limitation on Company Liability. Any benefits payable under the
Plan shall be paid or provided for solely from the Plan and the Company assumes
no liability or responsibility therefor.

         14.4 Interpretation. The provisions of the Plan shall in all cases be
interpreted in a manner that is consistent with the Plan satisfying the
requirements of Code Section 401(a) and related statutes for qualification as a
defined benefit plan.

         14.5 Withholding For Taxes. Any payments from the Trust Fund may be
subject to withholding for taxes as may be required by any applicable federal or
state law.

         14.6 California Law Controlling. All legal questions pertaining to the
Plan which are not controlled by ERISA shall be determined in accordance with
the laws of the State of California and all contributions made hereunder shall
be deemed to have been made in that State.

         14.7 Plan and Trust as One Instrument. The Plan and any trust agreement
adopted hereunder shall be construed together as one instrument. In the event
that any conflict arises between the terms and/or conditions of any trust
agreement with the Trustee and the Plan, the provisions of the Plan shall
control, except that with respect to the duties and responsibilities of the
Trustee, the trust agreement shall control.

         14.8 Invalid Provisions. If any paragraph, section, sentence, clause or
phrase contained in the Plan shall become illegal, null or void or against
public policy, for any reason, or shall be held by any court of competent
jurisdiction to be incapable of being construed or limited in a manner to make
it enforceable, or is otherwise held by such court to be illegal, null or void
or against public policy, the remaining paragraphs, sections, sentences, clauses
or phrases contained in the Plan shall not be affected thereby.

         14.9 Counterparts. This instrument may be executed in one or more
counterparts each of which shall be legally binding and enforceable.

                                       54
<PAGE>

         14.10 Forfeitures. All forfeitures arising under the Plan shall be used
as soon as possible to reduce the Company's contributions and shall not be
applied to increase the benefits any person would otherwise receive under the
Plan.

         14.11 Facility of Payment. If the Committee deems any person incapable
of receiving benefits to which he is entitled by reason of minority, illness,
infirmity, or other incapacity, it may direct that payment be made directly for
the benefit of such person or to any person selected by the Committee to
disburse it, whose receipt shall be a complete acquittance therefor. Such
payments shall, to the extent thereof, discharge all liability of the Company
and the party making the payment.

         14.12 Lapsed Benefits.

                  (a) In the event that a benefit is payable under the Plan to a
         Participant and after reasonable efforts the Participant cannot be
         located for the purpose of paying the benefit during a period of three
         consecutive years, the Participant shall be presumed dead and the
         benefit (if any) shall, upon the termination of that three year period,
         be paid to the Participant's Beneficiary.

                  (b) If any eligible Beneficiary cannot be located for the
         purpose of paying the benefit for the following two years, then the
         benefit shall be forfeited and applied in accordance with the
         provisions of Section 14.10.

                  (c) Notwithstanding the foregoing rules, if after such a
         forfeiture the Participant or an eligible Beneficiary shall claim the
         forfeited benefit, the amount forfeited shall be reinstated and paid to
         the claimant as soon as practical following the claimant's production
         of reasonable proof of his or her identity and entitlement to the
         benefit (determined pursuant to the Plan's normal claim review
         procedures under Sections 9.8 and 9.9).

                  (d) The Committee shall direct the Trustee with respect to the
         procedures to be followed concerning a missing Participant (or
         Beneficiary), and the Company shall be obligated to contribute to the
         Trust Fund any amounts necessary after the application of Section 14.10
         to pay any reinstated benefit after it has been forfeited pursuant to
         the provisions of this Section.

                                       55
<PAGE>

         IN WITNESS WHEREOF, Allergan, Inc. hereby executes this instrument,
evidencing the terms of the Allergan, Inc. Pension Plan as restated this 29th
day of November, 2001.

ALLERGAN, INC.

By:      /s/ Eric Brandt
         --------------------------
         Eric Brandt
         Corporate Vice President

                                       56
<PAGE>

                                   APPENDIX A

         Actuarial Equivalent shall mean a benefit of equal actuarial value
based on the attached factors subject to the following rules:

                  A.1 The actuarial equivalent of a benefit other than a lump
         sum shall be determined by applying a 7% interest rate and the 1971 GAM
         Mortality Table -- Males (age set-back 2 years)).

                  A.2 The actuarial equivalent of a contingent benefit option
         which provides a benefit following a Participant's death to a
         designated beneficiary shall be determined by the factors set forth in
         this Appendix A except if the designated beneficiary is not the
         Participant's surviving spouse. In such case, the actuarial equivalent
         shall be determined by applying a 7% interest rate and the 1971 GAM
         Mortality Table -- Males (age set-back 2 years)).

                  A.3 For Plan Years commencing prior to January 1, 1995: For
         purposes of Section 6.5, Actuarial Equivalent shall mean an amount of
         equal actuarial value based on the interest rate(s) which would be used
         (as of the first day of the Plan Year in which falls the annuity
         starting date) by the Pension Benefit Guaranty Corporation (PBGC) for a
         trusteed single-employer plan to value a benefit upon termination of an
         insufficient trusteed single-employer plan and the 1971 GAM Mortality
         Table -- Males (age set-back 2 years).

                  A.4 For Plan Years commencing after December 31, 1994: For
         purposes of Section 6.5, Actuarial Equivalent shall mean an amount of
         equal actuarial value based on the Applicable Mortality Table and the
         Applicable Interest Rate where:

                  "Applicable Mortality Table" means the 1983 Group Annuity
                  Mortality Table;

         and

                  "Applicable Interest Rate" means the annual interest rate on
                  30-year Treasury securities as specified by the Commissioner
                  of Internal Revenue for the first full calendar month
                  preceding the Plan Year that contains the annuity starting
                  date.

<PAGE>

                            ATTACHMENT TO APPENDIX A
                          OPTIONAL BENEFIT FORM FACTORS
                    (TO BE APPLIED TO STRAIGHT LIFE ANNUITY)

<Table>
<Caption>
Retiree                     Joint & 50%               Joint & 66 2/3%            Joint & 100%
Age                         Survivor                  Survivor                   Survivor
-------                     -----------               ---------------            ------------
<S>                         <C>                       <C>                        <C>
40                          .975                      .960                       .945
41                          .973                      .958                       .942
42                          .971                      .956                       .939
43                          .969                      .954                       .936
44                          .967                      .952                       .933

45                          .965                      .950                       .930
46                          .963                      .948                       .926
47                          .961                      .946                       .922
48                          .959                      .944                       .918
49                          .957                      .942                       .914

50                          .955                      .940                       .910
51                          .953                      .937                       .906
52                          .951                      .934                       .902
53                          .949                      .931                       .898
54                          .947                      .928                       .894

55                          .945                      .925                       .890
56                          .942                      .921                       .885
57                          .939                      .917                       .880
58                          .936                      .913                       .875
59                          .933                      .909                       .870

60                          .930                      .905                       .865
61                          .927                      .901                       .860
62                          .924                      .897                       .855
63                          .921                      .893                       .850
64                          .918                      .889                       .845

65                          .915                      .885                       .840
66                          .911                      .881                       .834
67                          .907                      .877                       .828
68                          .903                      .873                       .822
69                          .899                      .869                       .816
</Table>

                                      A-2

<PAGE>

                            ATTACHMENT TO APPENDIX A
                          OPTIONAL BENEFIT FORM FACTORS
                    (TO BE APPLIED TO STRAIGHT LIFE ANNUITY)

<Table>
<Caption>
Retiree                     Joint & 50%               Joint & 66 2/3%            Joint & 100%
Age                         Survivor                  Survivor                   Survivor
-------                     -----------               ---------------            ------------
<S>                         <C>                       <C>                        <C>
70                          .895                      .865                       .810
71                          .892                      .862                       .805
72                          .889                      .859                       .800
73                          .886                      .856                       .795
74                          .883                      .853                       .790

75                          .880                      .850                       .785
76                          .877                      .846                       .781
77                          .874                      .842                       .777
78                          .871                      .838                       .773
79                          .868                      .834                       .769

80                          .865                      .830                       .765
</Table>

                                      A-3

<PAGE>

                            ATTACHMENT TO APPENDIX A
                          OPTIONAL BENEFIT FORM FACTORS
                    (TO BE APPLIED TO STRAIGHT LIFE ANNUITY)

<Table>
<Caption>
                       5-year               10-year              15-year              20-year
Retiree                Certain              Certain              Certain              Certain
Age                    & Life               & Life               & Life               & Life
-------                -------              -------              -------              -------
<S>                    <C>                  <C>                  <C>                  <C>
40                     .999                 .996                 .990                 .983
41                     .999                 .995                 .989                 .981
42                     .999                 .995                 .988                 .979
43                     .999                 .994                 .986                 .976
44                     .998                 .993                 .984                 .973

45                     .998                 .992                 .982                 .970
46                     .998                 .991                 .980                 .967
47                     .997                 .990                 .978                 .963
48                     .997                 .988                 .975                 .959
49                     .997                 .987                 .972                 .954

50                     .996                 .985                 .969                 .950
51                     .996                 .984                 .966                 .945
52                     .995                 .982                 .962                 .939
53                     .995                 .980                 .959                 .933
54                     .994                 .978                 .954                 .926

55                     .993                 .975                 .950                 .919
56                     .993                 .973                 .945                 .911
57                     .992                 .970                 .939                 .902
58                     .991                 .967                 .933                 .893
59                     .990                 .963                 .926                 .883

60                     .989                 .959                 .918                 .872
61                     .987                 .954                 .909                 .860
62                     .986                 .949                 .899                 .847
63                     .984                 .943                 .889                 .833
64                     .982                 .937                 .877                 .818

65                     .980                 .929                 .865                 .802
66                     .977                 .921                 .851                 .785
67                     .974                 .911                 .836                 .768
68                     .971                 .901                 .821                 .749
69                     .967                 .890                 .804                 .730
</Table>

                                      A-4
<PAGE>

                            ATTACHMENT TO APPENDIX A
                          OPTIONAL BENEFIT FORM FACTORS
                    (TO BE APPLIED TO STRAIGHT LIFE ANNUITY)

<Table>
<Caption>

                       5-year               10-year              15-year              20-year
Retiree                Certain              Certain              Certain              Certain
Age                    & Life               & Life               & Life               & Life
-------                -------              -------              -------              -------
<S>                    <C>                  <C>                  <C>                  <C>
70                     .962                 .878                 .787                 .711
71                     .957                 .865                 .769                 .691
72                     .952                 .851                 .750                 .671
73                     .946                 .837                 .731                 .651
74                     .940                 .822                 .711                 .631

75                     .934                 .806                 .691                 .610
76                     .927                 .789                 .671                 .590
</Table>

                                       A-5

<PAGE>

                                   APPENDIX B

         B.1 For purposes of Section 4.3(b) of the Plan, the Accrued Benefit of
a Participant shall be equal to one-twelfth (1/12) of the difference between:

                   (a) the sum of:

                           (i) 1.7% of his or her Average Earnings multiplied by
                  the number of his or her Benefit Years to a maximum of 35
                  Benefit Years; plus

                           (ii) 0.5% of his or her Average Earnings for each
                  Benefit Year in excess of 35 Benefit Years; and

                   (b) 1.43% of the Participant's Primary Social Security
         Benefit multiplied by the number of his or her Benefit Years to a
         maximum of 35 Benefit Years.

         Notwithstanding the foregoing, the Accrued Benefit of a Participant who
is considered a highly compensated employee in 1989 within the meaning of Code
Section 414(q)(1)(A) or (B) is limited to the Participant's Accrued Benefit
under the SKB Plan as of the Spin-Off Date. The Accrued Benefit of a Participant
who is considered a highly compensated employee in 1990 within the meaning of
Code Section 414(q)(1)(A) or (B), and is not considered a highly compensated
employee in 1989 within the meaning of Code Section 414(q)(1)(A) or (B) is
limited to the Participant's Accrued Benefit as of December 31, 1989.

         B.2 The level income option offered as an optional form of benefit
under Section 6.4(b) of the Plan, provides a monthly pension payable as a Single
Life Annuity or under a contingent beneficiary option. For purposes of this
paragraph, the Single Life Annuity or, if a contingent beneficiary option is
elected, the monthly amount payable to a Participant as reduced for the
contingent beneficiary option shall be referred to as the Participant's Life
Pension. In order to recognize the increased benefits payable until age 62 (the
"Temporary Pension"), the Participant's Life Pension is reduced. The Temporary
Pension shall end on the earlier of the Participant's death or his or her
attainment of age 62. If a contingent beneficiary option is elected and the
Participant dies, then 100%, 66 2/3% or 50% (as previously elected by the
Participant) of the Participant's Life Pension as determined prior to the
adjustment for the Temporary Pension shall be payable for the lifetime of his or
her designated beneficiary.

<PAGE>

                             SERVICE EFFECTIVE DATES

Benefit Years and Vesting Years include service with the following Affiliated
Companies (or their predecessors) effective on the dates shown:

<Table>
<Caption>
                                                               Vesting                            Benefit
                                                               Service                            Service
                                                              Effective                          Effective
                                                                 Date                               Date
                                                              ---------                          ---------
<S>                                                           <C>                                <C>
  Allergan America                                            At hire                            04/11/80
  Allergan Corporate                                          At hire                            At hire*
  Allergan Humphrey                                           02/07/80                           01/01/87
  Allergan International                                      At hire                            At hire*
  Allergan Medical Optics                                     At hire                            04/30/86
  Allergan Medical Optics-Ioptex                              At hire                            09/08/94
  Allergan Medical Optics-Lenoir                              At hire                            03/01/92
    (Departments 120-130)
  Allergan Medical Optics-Puerto Rico                         At hire                            04/30/86
  Allergan Optical Inc.                                       At hire                            11/13/87
    (formerly International Hydron Corporation)
  Allergan Optical Puerto Rico, Inc.                          At hire                            11/13/87
  Allergan Optical                                            At hire                            At hire*
  Allergan Pharmaceuticals                                    At hire                            At hire*
  Allergan Phoenix                                            At hire                            12/01/95
  Allergan Puerto Rico, Inc.                                  At hire                            04/11/80
  (formerly Allergan Caribbean)
  Allergan Surgical                                           At hire                            At hire*
  (formerly Innovative Surgical Products)
  Herbert Labs                                                At hire                            At hire*
  Herald Pharmacal                                            At hire                            08/03/95
  Optical Micro Systems, Inc.                                 At hire                            01/27/95
</Table>

* If employment terminated between April 11, 1980 and January 1, 1986, the
effective date for Benefit Service shall be April 11, 1980.<PAGE>

                                                                   EXHIBIT 10.17

                                    aALLERGAN

                                      2002
                              MANAGEMENT BONUS PLAN

                                  JANUARY 2002

--------------------------------------------------------------------------------
January 2002
<PAGE>

PURPOSE OF THE PLAN

The Allergan, Inc. 2002 Management Bonus Plan (the "Plan") is designed to reward
eligible management-level employees for their contributions to providing
Allergan's stockholders increased value for their investment through the
successful accomplishment of specific financial objectives and individual
performance objectives.

PLAN YEAR

The Plan year runs from January 1, 2002 through December 31, 2002 for all
locations that have a fiscal year beginning January 1 and ending December 31.
For the international locations with fiscal years beginning December 1 and
ending November 1, the Plan year is December 1, 2001 to November 30, 2002.

ELIGIBILITY

All regular full-time and part-time employees of Allergan, Inc. and its
subsidiaries (the "Company") scheduled to work 20 or more hours per week in
salary grades 7E and above who are not covered by any other bonus or sales
incentive plan are eligible to participate in the Plan. Notwithstanding anything
in this Plan to the contrary, any individual shall not be eligible to
participate in the Plan if such individual (a) performs services for the Company
and is classified or paid as an independent contractor (regardless of his or her
classification for federal tax or other legal purposes) by the Company or (b)
performs services for the Company pursuant to an agreement between the Company
and any other person including a leasing organization. For the locations where
the Plan year is January 1, 2002 through December 31, 2002, the participants
must be employed on or before June 30, 2002; for the locations where the Plan
year is December 1, 2001 through November 30, 2002, the participants must be
employed on or before May 31, 2002. Participants must be actively employed by
the Company on the date bonuses are paid in order to be eligible to receive a
bonus. Participants who resign or are terminated for reasons other than those
noted below will receive no bonus.

Bonuses, if any, for participants who become eligible after the beginning of the
plan year, retire (defined as age 55 or over with at least 5 years of service),
become disabled, die or transfer into a position covered by another incentive
plan will be prorated. Bonuses, if any, for participants who are laid-off will
be prorated provided the participant was eligible for at least six months of the
Plan year. All proration will be based on the number of months of participation
in the Plan during the Plan year. Employees who transfer to Advanced Medical
Optics (AMO) will not be eligible for any bonus under this plan if the spin-off
of AMO from Allergan occurs by December 31, 2002. If the spin-off of AMO does
not occur by December 31, 2002, participants will be eligible for bonuses under
the Allergan, Inc. 2002 Management Bonus Plan.

PERFORMANCE OBJECTIVES

Bonuses for Plan participants are based on both corporate performance and
individual performance in relation to pre-established objectives, as follows:

CORPORATE OBJECTIVES

o    EARNINGS PER SHARE--Corporate performance is measured in terms of Allergan,
     Inc.'s Earnings Per Share (EPS) performance. EPS is defined as net earnings
     from continuing operations as measured by Wall Street divided by the
     weighted average number of common and common equivalent shares on a diluted
     basis. EPS will not include results of the AMO

--------------------------------------------------------------------------------
January 2002                                                            Page -1-
<PAGE>

     businesses. If the spin-off of AMO does not occur prior to December 31,
     2002, EPS will include results of the AMO businesses.

o    OPERATING INCOME--Operating Income compared to budget will be considered
     for allocation of bonus pools by Business Unit/Function. Operating Income
     is defined as Net Sales minus Cost of Goods minus Selling and General
     Administrative expenses minus Research & Development minus allocated
     corporate interest where applicable.

INDIVIDUAL OBJECTIVES

     Management Bonus Objectives (MBOs) are prepared by each participant and his
     or her supervisor at the beginning of the Plan year and may be modified
     throughout the year as necessary. Objectives should reflect major results
     and accomplishments to be achieved in order to meet short- and long-term
     business goals that contribute to increased stockholder value. MBOs are
     expressed as specific, quantifiable measures of performance in relation to
     key operating decisions for the participant's business unit, such as
     managing inventory levels, receivables, expenses, or payables; increasing
     sales; eliminating unnecessary capital expenditures, etc.

     At the end of the Plan year, the supervisor evaluates the participant's
     performance in relation to his or her objectives in order to determine the
     size of the bonus award, if any. A more detailed description of how the
     award is calculated is provided under "Individual Bonus Award Calculation."

BONUS POOL CALCULATION

The two components of this calculation are: Earnings Per Share; and Operating
Income.

BONUS POOL FUNDING - Bonuses are funded when the Company achieves the threshold
                     level of EPS performance. The level of bonus funding is
                     first determined by EPS performance as outlined in the
                     table below.

--------------------------------------------------------------------------------
January 2002                                                            Page -2-
<PAGE>

o    EARNINGS PER SHARE

<Table>
<Caption>
                       2002 EPS                      2002 EPS
                      RANGE WITH                   RANGE WITHOUT                    BONUS % OF
                          AMO                           AMO                            TARGET
                      ----------                   -------------                    ----------
<S>                                              <C>                             <C>

                        -$0.24                        -$0.19                            40%
                        -$0.17                        -$0.13                            50%
                        -$0.12                        -$0.10                            60%
                        -$0.10                        -$0.08                            66%
                        -$0.07                        -$0.06                            73%
                        -$0.05                        -$0.04                            81%
                        -$0.02                        -$0.02                            90%
                        TARGET                        TARGET                           100%
                        +$0.02                        +$0.02                           110%
                        +$0.05                        +$0.05                           119%
                        +$0.07                        +$0.07                           127%
                        +$0.10                        +$0.10                           134%
                        +$0.12                        +$0.12                           140%
</Table>

               If actual EPS results fall between the performance levels shown
               above, bonuses will be prorated accordingly.

BONUS POOL DIFFERENTIATION BY BUSINESS UNIT/FUNCTION

o    OPERATING INCOME--The target bonus pool determined by EPS performance is
     modified for each business unit/function based on Operating Income results
     vs. budget. That is, a business unit that exceeds budget will receive a
     greater share of the total Company pool than a business unit that is below
     budget.

At the end of the year, the President and Chief Executive Officer of Allergan,
Inc. may recommend adjustments to the bonus funding levels to the Organization
and Compensation Committee (the "Committee") after consideration of key
operating results. When calculating EPS performance for purposes of this Plan,
the Committee has the discretion to include or exclude any or all of the
following items:

o    extraordinary, unusual or non-recurring items

o    effects of accounting changes

o    effects of financing activities

o    expenses for restructuring or productivity initiatives

o    other non-operating items

o    spending for acquisitions

o    effects of divestitures

--------------------------------------------------------------------------------
January 2002                                                            Page -3-
<PAGE>

INDIVIDUAL BONUS AWARD CALCULATION

Target bonus awards are expressed as a percentage of the participant's year-end
annualized base salary. The target percentages vary by salary grade (see
Attachment No. 1).

A participant's actual bonus award may vary above or below the targeted level
based on the supervisor's evaluation of his or her performance in relation to
the predetermined MBOs. Each participant may receive from 0% up to 150% of his
or her target bonus amount. However, the total of all bonus awards given within
each business unit must total no more than 100% of the total bonus pool dollars
allocated to that business unit.

METHOD OF PAYMENT

Cash awards are paid following the close of the Plan year after the review and
authorization of bonuses by the Committee. Bonuses will be paid within 30 days
following management communication of the award, through the participant's
normal payroll channel. In the event of a Change in Control (as defined in
Attachment No. 2), bonuses will be paid within 30 days of the effective date of
the Change in Control.

CHANGE IN CONTROL

If a Change in Control occurs after the close of the Plan year and Company
performance supports bonus pool funding, participants will be paid a bonus based
on performance in relation to the EPS target.

If the Change in Control occurs during the Plan year, participants will be paid
a bonus prorated to the effective date of the Change in Control and EPS
performance will be deemed to be the greater of:

o    100% of the EPS target or

o    the prorated actual year-to-date EPS performance

In either case, a participant's actual bonus may vary above or below the
targeted level according to the provisions outlined in "Individual Bonus Award
Calculation" above. Participants must be employed by the Company or its
successor on the effective date of the Change in Control in order to receive the
prorated payment, unless their employment is terminated for retirement, death,
disability or otherwise without cause. For purposes of this plan, "cause" shall
be limited to only three types of events: the willful refusal to comply with a
lawful, written instruction of the Board so long as the instruction is
consistent with the scope and responsibilities of the participant's position
prior to the Change in Control; dishonesty which results in a material financial
loss to the Company (or to any of its affiliated companies) or material injury
to its public reputation (or to the public reputation of any of its affiliated
companies); or conviction of any felony involving an act of moral turpitude.

GENERAL

Management reserves the right to define corporate performance and individual
performance and to review, alter, amend, or terminate the Plan at any time. This
Plan does not constitute a contract of employment and cannot be relied upon as
such. Any questions regarding this Plan should be directed to the Human
Resources department or the Vice President, Compensation. This Management Bonus
Plan document supersedes any previous document you may have received.

--------------------------------------------------------------------------------
January 2002                                                            Page -4-
<PAGE>

                                ATTACHMENT NO. 1

                                    aALLERGAN

                           2002 MANAGEMENT BONUS PLAN

                                  TARGET AWARDS

<Table>
<Caption>
              SALARY GRADE                   TARGET BONUS*
<S>                                          <C>
                   7E                             10%
                   8E                             15%
                   9E                             20%
                  10E                             25%
                  11E                             30%
                  12E                             35%
                  13E                             40%
                  14E                             50%
                  15E                             55%
</Table>

----------

* As a percentage of year-end base salary.

--------------------------------------------------------------------------------
January 2002                                                            Page -5-
<PAGE>

                                ATTACHMENT NO. 2
                          CHANGE IN CONTROL DEFINITION

"Change in Control" shall mean the following and shall be deemed to occur if any
of the following events occur:

               (a) Any "person," as such term is used in Sections 13(d) and
14(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act") (a
"Person"), is or becomes the "beneficial owner," as defined in Rule 13d-3 under
the Exchange Act (a "Beneficial Owner"), directly or indirectly, of securities
of Allergan, Inc., a Delaware corporation ("Allergan") representing (i) 20% or
more of the combined voting power of Allergan's then outstanding voting
securities, which acquisition is not approved in advance of the acquisition or
within 30 days after the acquisition by a majority of the Incumbent Board (as
hereinafter defined) or (ii) 33% or more of the combined voting power of
Allergan's then outstanding voting securities, without regard to whether such
acquisition is approved by the Incumbent Board;

               (b) Individuals who, as of the date hereof, constitute the Board
of Directors of Allergan (the "Incumbent Board"), cease for any reason to
constitute at least a majority of the Board of Directors, provided that any
person becoming a director subsequent to the date hereof whose election, or
nomination for election by Allergan's stockholders, is approved by a vote of at
least a majority of the directors then comprising the Incumbent Board (other
than an election or nomination of an individual whose initial assumption of
office is in connection with an actual or threatened election contest relating
to the election of the directors of Allergan, as such terms are used Rule 14a-11
of Regulation 14A promulgated under the Exchange Act) shall, for the purposes of
this Agreement, be considered as though such person were a member of the
Incumbent Board of Allergan;

               (c) The consummation of a merger, consolidation or reorganization
involving Allergan, other than one which satisfies both of the following
conditions:

                    (1) a merger, consolidation or reorganization which would
result in the voting securities of Allergan outstanding immediately prior
thereto continuing to represent (either by remaining outstanding or by being
converted into voting securities of another entity) at least 55% of the combined
voting power of the voting securities of Allergan or such other entity resulting
from the merger, consolidation or reorganization (the "Surviving Corporation")
outstanding immediately after such merger, consolidation or reorganization and
being held in substantially the same proportion as the ownership in Allergan's
voting securities immediately before such merger, consolidation or
reorganization, and

                    (2) a merger, consolidation or reorganization in which no
Person is or becomes the Beneficial Owner directly or indirectly, of securities
of Allergan representing 20% or more of the combined voting power of Allergan's
then outstanding voting securities; or

               (d) The stockholders of Allergan approve a plan of complete
liquidation of Allergan or an agreement for the sale or other disposition by
Allergan of all or substantially all of Allergan's assets.

Notwithstanding the preceding provisions of this Section, a Change in Control
shall not be deemed to have occurred if the Person described in the preceding
provisions of this Section is (1) an underwriter or underwriting syndicate that
has acquired the ownership of any of Allergan's then outstanding voting
securities solely in connection with a public offering of Allergan's securities,
(2) Allergan or any subsidiary of Allergan or (3) an employee stock ownership
plan or other employee benefit plan maintained by Allergan (or any of its
affiliated companies) that is qualified under the provisions of the Internal
Revenue Code of 1986, as amended. In addition, notwithstanding the preceding
provisions of this Section, a Change in Control shall not be deemed to have
occurred if the Person described in the preceding provisions of this Section
becomes a Beneficial Owner of more than the permitted amount of outstanding
securities as a result of the acquisition of voting securities by Allergan
which, by reducing the number of voting securities outstanding, increases the
proportional number of shares beneficially owned by such Person, provided, that
if a Change in Control would occur but for the operation of this sentence and
such Person becomes the Beneficial Owner of any additional voting securities
(other than through the exercise of options granted under any stock option plan
of Allergan or through a stock dividend or stock split), then a Change in
Control shall occur.

--------------------------------------------------------------------------------
January 2002                                                            Page -6-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00034-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00034-of-00352.parquet"}]]