Document:

EX-10.50

 Exhibit 10.50 
  

THE TEVA PHARMACEUTICALS USA, INC. DEFINED CONTRIBUTION 

SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN 

Effective as of October 1, 2013 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
	 ARTICLE I
	  	EFFECTIVE DATE AND PURPOSE	  	 	1	 
	 1.1.
	  	Purpose	  	 	1	 
	 1.2.
	  	Effective Date	  	 	1	 
	 ARTICLE II
	  	DEFINITIONS	  	 	1	 
	 2.1.
	  	Definitions	  	 	1	 
	 ARTICLE III
	  	PARTICIPATION	  	 	6	 
	 3.1.
	  	Eligibility for Participation	  	 	6	 
	 3.2.
	  	Participant Elections	  	 	6	 
	 3.3.
	  	Discontinuance of Participation	  	 	6	 
	 ARTICLE IV
	  	CONTRIBUTIONS AND CREDITS	  	 	7	 
	 4.1.
	  	Accounts	  	 	7	 
	 4.2.
	  	Service Credits	  	 	7	 
	 4.3.
	  	Growth Credits	  	 	7	 
	 4.4.
	  	Statements	  	 	8	 
	 ARTICLE V
	  	VESTING	  	 	9	 
	 5.1.
	  	Vested Percentage of Account	  	 	9	 
	 5.2.
	  	Forfeiture of Benefits	  	 	10	 
	 5.3.
	  	Restrictive Covenants	  	 	10	 
	 ARTICLE VI
	  	DISTRIBUTIONS	  	 	12	 
	 6.1.
	  	Time and Manner of Distributions	  	 	12	 
	 6.2.
	  	Delayed Distributions	  	 	13	 
	 6.3.
	  	Accelerated Payments	  	 	14	 
	 6.4.
	  	Incapacity of Recipient	  	 	15	 
	 ARTICLE VII
	  	FUNDING	  	 	15	 
	 7.1.
	  	Unfunded Obligations	  	 	15	 
	 7.2.
	  	General Creditor Status	  	 	15	 
	 7.3.
	  	Trust	  	 	16	 
	 ARTICLE VIII
	  	ADMINISTRATION	  	 	16	 
	 8.1.
	  	Organization of the Administrator	  	 	16	 
	 8.2.
	  	Authority and Responsibility	  	 	16	 
	 8.3.
	  	Records and Reports	  	 	17	 
	 8.4.
	  	Payment of Plan Expenses	  	 	17	 
	 8.5.
	  	Indemnification	  	 	17	 

  
 (i) 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
	 ARTICLE IX
	  	CLAIMS PROCEDURE	  	 	17	 
	 9.1.
	  	Claim for Benefits	  	 	17	 
	 9.2.
	  	Protective Provisions	  	 	21	 
	 ARTICLE X
	  	AMENDMENT, DISCONTINUANCE, AND TERMINATION	  	 	21	 
	 10.1.
	  	Amendment	  	 	21	 
	 10.2.
	  	Termination	  	 	21	 
	 ARTICLE XI
	  	MISCELLANEOUS	  	 	22	 
	 11.1.
	  	Non-Guarantee of Service	  	 	22	 
	 11.2.
	  	No Assignment	  	 	22	 
	 11.3.
	  	Withholding/Offset	  	 	22	 
	 11.4.
	  	Account Statements	  	 	22	 
	 11.5.
	  	Severability	  	 	22	 
	 11.6.
	  	Binding upon Successors	  	 	23	 
	 11.7.
	  	Waiver of Breach	  	 	23	 
	 11.8.
	  	Notice	  	 	23	 
	 11.9.
	  	Inability to Locate a Participant or Beneficiary	  	 	23	 
	 11.10.
	  	Masculine, Feminine, Singular and Plural	  	 	23	 
	 11.11.
	  	ERISA; Code Section 409A	  	 	23	 
	 11.12.
	  	Governing Law	  	 	24	 
	 11.13.
	  	Titles	  	 	24	 
	 11.14.
	  	Other Plans	  	 	24	 

  
 (ii) 

 THE TEVA PHARMACEUTICALS USA, INC. DEFINED CONTRIBUTION 

SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN 

ARTICLE I 
 EFFECTIVE
DATE AND PURPOSE 
 1.1. Purpose 

The Teva Pharmaceuticals USA, Inc. Defined Contribution Supplemental Executive Retirement Plan (the “Plan”) is intended to
provide nonqualified retirement income for eligible employees of Teva Pharmaceuticals USA, Inc. (the “Company”) and its designated subsidiaries and affiliates (together with the Company, an “Employer”) following
retirement. The Plan is not intended to be (i) subject to Part 2, 3 or 4 of Title I, Subtitle B, of ERISA, or (ii) qualified under Section 401(a) of the Code. The Plan is intended to satisfy all requirements of
Section 409A of the Code so as not to subject any Participant to the payment of interest and tax penalties which may be imposed under Section 409A of the Code. If any provision of the Plan may be susceptible to more than one interpretation
or to an interpretation that may result in the Plan’s failing to satisfy the requirements of Section 409A of the Code, such provision shall be applied and construed in a manner that is consistent with the provisions of Section 409A of
the Code and regulations thereunder, which are incorporated herein by reference. 
 1.2. Effective Date 

The effective date for this Plan shall be October 1, 2013 (the “Effective Date”). This Plan shall not apply to any
individual who does not qualify as a Participant for any period beginning on or after the Effective Date. 
 ARTICLE II 

DEFINITIONS 
 2.1.
Definitions 
 For purposes of the Plan, the words and phrases defined below shall have the specified meanings, unless a different
meaning is plainly required by the context. Wherever used, the masculine pronoun shall include the feminine pronoun, the feminine pronoun shall include the masculine, the singular shall include the plural, and the plural shall include the singular.

 (a) “Account” shall mean the notional account established and maintained for each Participant pursuant to Article IV for
purposes of determining the amount payable to the Participant pursuant to Article VI. 
 (b) “Administrator” shall
mean the Board or such person or persons as may be designated by the Board, from time to time, to administer the Plan as provided in Article VIII. 

(c) “Base Salary” shall mean a Participant’s regular base salary paid by the Employer during the portion of the
applicable Plan Year that an individual qualifies as a Participant in the Plan, including any amounts deferred therefrom or contributed at the election 

  
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of the Participant on a pre-tax or after-tax basis to any other employee benefit plan maintained by the Employer,
but excluding bonuses, overtime, reimbursements, commissions, incentive compensation, discretionary benefits or any other supplemental payment or award. Notwithstanding anything herein to the contrary, Base Salary shall not include amounts that are
paid to a Participant by the Employer with respect to services performed prior to the time that an election is made, or is deemed made, as to the form of benefit payment under Section 3.2 of the Plan. 

(d) “Beneficiary” shall mean the person(s) or entity(ies) designated by a Participant to receive Plan benefits in the event
of the Participant’s death, such designation to be made in writing (including electronically) on a form satisfactory to the Administrator and effective when received by the Administrator. Any such designation shall be deemed to revoke any and
all prior designations. If, upon a Participant’s date of death, there is no surviving Beneficiary designated by the Participant, the Participant’s Beneficiary (or Beneficiaries) shall be the Participant’s estate. The Administrator
shall determine which Beneficiaries, if any, shall have been validly designated and the Administrator’s decision shall be binding and conclusive on all persons. 

(e) “Board” shall mean the Board of Directors of the Company. 

(f) “Cause” shall mean, as determined in good faith by the Board: 

(i) the commission by the Participant of an act of fraud or embezzlement against the Company or any of its subsidiaries or
affiliates; 
 (ii) any willful act or omission of the Participant that has the effect of injuring the reputation or business
of the Company or any of its subsidiaries or affiliates in any material respect, provided that no act, or failure to act, on a Participant’s part shall be considered “willful” unless done, or omitted to be done, by the Participant not
in good faith and without reasonable belief that the Participant’s action or omission was in the best interests of the Company or any of its subsidiaries or affiliates; 

(iii) the use of alcohol by a Participant or his illegal use of drugs (including narcotics) which is, or could reasonably be
expected to become, materially injurious to the reputation or business of the Company or any of its subsidiaries or affiliates or which impairs, or could reasonably be expected to impair, the performance of the Participant’s duties of
employment; or 
 (iv) a Participant’s conviction by a court of competent jurisdiction of, or pleading
“guilty” or “no contest” to, (A) a felony, or (B) any other criminal charge (other than minor traffic violations) which has, or could reasonably be expected to have, a material adverse impact on the Company’s
reputation and standing in the community or that of any of its subsidiaries or affiliates. 
 (g) “Code” shall mean the
Internal Revenue Code of 1986, as the same may be amended from time to time, and any rules or regulations promulgated thereunder. 

  
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 (h) “Company” shall mean Teva Pharmaceuticals USA, Inc., a Delaware corporation,
or any successor thereto as a result of a statutory merger, purchase of assets, or any other form of reorganization of the business of the Company. 

(i) “Competition” shall mean any of the following actions: engaging in or carrying on, directly or indirectly, any
enterprise, whether as an advisor, principal, agent, partner, participant, officer, director, employee, stockholder, associate or consultant to any person, partnership, corporation or any other business entity, that is principally engaged in any
business in which the Company or any subsidiary or affiliate is engaged, or is contemplating becoming engaged, on the Participant’s date of Separation from Service, in any area in which the Company or any subsidiary or affiliate is then
engaged, or is then contemplating being engaged, in such business. Notwithstanding the foregoing, a Participant shall not be deemed to have engaged in Competition solely as a result of the Participant’s owning, for passive investment purposes
not intended to circumvent this provision, less than one percent (1%) of the publicly traded equity or debt securities of any entity engaged in Competition with the Company or any subsidiary or affiliate, so long as the Participant has no power,
directly or indirectly, to manage, operate, market, promote, advise, consult with or control such entity and no power, alone or in conjunction with other parties, to select a director, general partner or similar governing official of such entity
other than in connection with the normal and customary voting powers afforded to the Participant in connection with any permissible equity or debt ownership. 

(j) “Confidential Information” shall mean all information of any nature and in any form that a Participant learns in the
course of his employment with the Employer and that is not publicly available or generally known to persons engaged in businesses similar or related to those of the Employer or any subsidiary or affiliate. Confidential Information will include,
without limitation, the Employer’s (including its subsidiaries and affiliates) financial matters, customers, employees, industry contracts, and all other secrets and all other information of a confidential or proprietary nature. 

(k) “Crediting Rate” shall mean the notional gains and losses credited to a Participant’s Account balance which shall be
based on the Participant’s choice among the notional investment alternatives made available by the Administrator pursuant to Section 4.3 of the Plan. The available notional investment alternatives may be modified by the Administrator from
time to time without formal amendment of the Plan. Any change in the available investment alternatives shall have prospective effect only. 

(l) “Disability” or “Disabled” shall mean either: (i) the inability of a Participant to engage in any
substantial gainful activity by reason of any medically determinable physical or mental impairment that can reasonably be expected to result in death or can reasonably be expected to last for a continuous period of not less than twelve
(12) months, or (ii) the receipt by a Participant of income replacement benefits for a period of not less than three (3) months under an accident and health plan covering employees of the Employer due to a medically determinable
physical or mental impairment that can reasonably be expected to result in death or can reasonably be expected to last for a continuous period of not less than twelve (12) months. 

  
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 (m) “Election Form” shall mean the form(s) approved by the Administrator by
which a Participant shall elect a benefit payment form, Beneficiary, Crediting Rate, or other matters requiring an election by the Participant. 

(n) “Employer” shall mean the Company and any of its subsidiaries or affiliates which the Board determines to be an
Employer with respect to its eligible employees. 
 (o) “ERISA” shall mean the Employee Retirement Income Security Act of
1974, as the same may be amended from time to time, and any rules or regulations promulgated thereunder. 
 (p) “Growth
Credits” shall mean the notional amounts credited to a Participant’s Account pursuant to Section 4.3 based on the applicable Crediting Rate. 

(q) “Installments” shall mean the payment of a Participant’s Account, or portion thereof, in annual periodic payments
for up to fifteen (15) years as provided under the Plan and as elected by the Participant on an Election Form. 
 (r)
“Participant” shall mean an individual who is eligible to participate in this Plan pursuant to Article III. 
 (s)
“Plan” shall mean the Teva Pharmaceuticals USA, Inc. Defined Contribution Supplemental Executive Retirement Plan as set forth herein and as may be amended from time to time in accordance with Article X. 

(t) “Plan Year” shall mean the twelve (12) month period beginning on January 1 and ending on December 31 of
the same calendar year; provided, however, that the first Plan Year shall commence on the Effective Date and end on the immediately following December 31. 

(u) “Separation from Service” shall, with respect to each Participant, occur on the earliest date on which the Administrator
determines that the facts and circumstances indicate either that: (i) it is not reasonably anticipated that such Participant will perform any future services for the Employer or its affiliates (whether as an employee or independent contractor)
after such date, or (ii) such Participant’s bona fide services to the Employer and its affiliates (whether as an employee or independent contractor) have been permanently reduced to less than 20% of the level of services provided to the
Employer and its affiliates in the immediately preceding thirty-six (36) months (or the full period of service to the Employer and its affiliates if the Participant has been providing services to the
Employer and its affiliates for less than thirty-six (36) months). For this purpose, a Separation from Service shall not occur while an individual is on military leave, sick leave or other bona fide leave
of absence from the Employer and its affiliates of less than the greater of six (6) months or the period for which the individual retains a right to reemployment under any applicable statute or contract and there is a reasonable expectation
that the Participant will return to perform services for the Employer or its affiliates. A Participant’s Separation from Service shall be determined in accordance with regulations adopted under Section 409A of the Code. 

  
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 (v) “Service Credit” shall mean the notional amount, as a percentage of a
Participant’s Base Salary for the applicable Plan Year, credited to an eligible Participant’s Account pursuant to Section 4.2. 

(w) “Settlement Date” shall mean the date by which a lump sum payment shall be made or the date by which Installment payments
shall commence. Payment of a lump sum amount shall be deemed to have occurred on the Settlement Date so long as payment occurs as soon as administratively feasible following the event triggering the payment, but in no event later than the later of:
(i) the end of the calendar year in which the triggering event occurs, or (ii) the fifteenth (15th) day of the third calendar month following the date on which the triggering event
occurs. The Settlement Date for Installment payments shall be March 1st of the Plan Year immediately following the Plan Year in which the triggering event occurs and continuing as of each March 1st of each Plan Year thereafter until all such Installments for the applicable years have been paid pursuant to the Participant’s Election Form. An Installment payment shall be deemed to have
occurred on March 1st of the applicable Plan Year so long as payment occurs no later than the end of the calendar year in which the Installment is due to be paid. Notwithstanding anything herein
to the contrary, if a Participant is considered a “specified employee” pursuant to Code Section 409A(a)(2)(B)(i) on the date of his Separation from Service, and if the reason for such separation is other than death or Disability, the
payment of such Participant’s Account, or any portion thereof, may not be made earlier than the first day of the seventh (7th) month following such separation date (the “Alternate
Payment Date”). Any payments that have been deferred beyond the applicable regular Settlement Date in accordance with the preceding sentence shall be paid to such Participant on the Alternate Payment Date, in a single cash lump sum, without
interest, and the balance of such Participant’s benefit payments, if any, shall be made on the same schedule called for by the Plan. For the avoidance of doubt, payments otherwise required to be made more than six (6) months after a
Participant’s Separation from Service shall not be affected by the rule set forth in the preceding sentence. 
 (x)
“Solicitation” means, with respect to each Participant, any acts, either alone or in concert with others, and whether direct or indirect: (i) to solicit, induce, influence, encourage, or attempt to solicit, induce, influence or
encourage any person employed by the Company or any of its subsidiaries or affiliates to terminate his employment relationship with the Company or any of its subsidiaries or affiliates or otherwise interfere with any such person’s employment by
or association with the Company or its subsidiaries or affiliates; (ii) to solicit for employment, hire, or assist in any aspect with the hiring of, whether on the Participant’s own behalf or on behalf of any third party, any person who
is, or within the past six (6) months from the date of the Participant’s Separation from Service has been, an employee, executive, officer, manager, consultant, independent contractor or other agent of the Company or its subsidiaries or
affiliates; or (iii) to induce, influence, encourage, or attempt to induce, influence or encourage any third party to terminate such party’s business relationship with the Company or its subsidiaries or affiliates or otherwise damage any
business or contractual relationship of the Company or its subsidiaries or affiliates. 
 (y) “Valuation Date” means the
date as of which the Account maintained on behalf of each Participant or Beneficiary is adjusted as provided hereunder. An Account shall be valued on each day that is not a Saturday or a Sunday, or any other day on which the financial markets are
closed due to a statutory or civic holiday, unanticipated events or for any other reason. 

  
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 ARTICLE III 

PARTICIPATION 
 3.1.
Eligibility for Participation 
 (a) Each employee of the Employer identified in Appendix A attached hereto shall become a
Participant in this Plan on the Effective Date, provided such individual is then employed as an employee of the Employer. 
 (b) Each
individual not described in subsection (a) above who qualifies as an employee of the Employer and who served as a Teva Pharmaceutical Industries Ltd. executive officer (as this term is defined in the Teva Pharmaceutical Industries Ltd.
Compensation Policy for Executive Officers and Directors) for not less than one full year may become a Participant following: (i) the written recommendation of such individual’s Plan participation to Teva Pharmaceutical Industries Ltd. by
both the Human Resources Leader of Teva Pharmaceutical Industries Ltd. and the Chief Executive Officer of the Company, and (ii) any other approval of such individual’s Plan participation if such approval is required according to applicable
laws or policies governing the terms of office and employment of executive officers. 
 3.2. Participant Elections 

(a) Except as otherwise provided in the Plan, each Participant must complete and sign an Election Form and submit the signed Election Form to
the Administrator within thirty (30) days after the date on which he becomes a Participant. A Participant shall elect the form in which his benefits are to be paid upon a Separation from Service, the Crediting Rate and his Beneficiary on such
Election Form. Any election made pursuant to this Section 3.2 shall be made on an approved Election Form in the manner prescribed by the Administrator. 

(b) Notwithstanding anything herein to the contrary, an election made pursuant to this Section 3.2 with respect to the form of benefit
payment upon a Separation from Service shall be irrevocable. If a Participant does not make a valid election as to the form of benefits within thirty (30) days after the date on which he becomes a Participant, upon a Separation from Service his
benefits will be paid in the form of a single lump sum payment and the date of such separation shall be the Participant’s Settlement Date. 

3.3. Discontinuance of Participation 

Participation in the Plan shall cease on the date all amounts in respect of a Participant’s Account have been paid to the Participant (or
his Beneficiary) or forfeited; provided, however, a Participant shall cease receiving Service Credits pursuant to Section 4.2 (except as provided in subsection (b) thereof) on the date on which he has a Separation from
Service (unless he again becomes a Participant following his reemployment by the Employer). 

  
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 ARTICLE IV 

CONTRIBUTIONS AND CREDITS 

4.1. Accounts 
 The
Administrator shall establish an Account on behalf of each Participant that shall be credited, to the extent eligible, with Service Credits pursuant to Section 4.2 and Growth Credits as provided in Section 4.3. Participant Accounts shall
be notional accounts only and shall not require segregation of any funds of the Company or provide any Participant with any rights to any assets of the Company, except, to the extent applicable, as a general creditor thereof. Neither a Participant
nor a Participant’s Beneficiary shall have any right to receive payment in respect of any amount credited to the Participant’s Account except as expressly provided by this Plan. 

4.2. Service Credits 

(a) As of the last day of each Plan Year beginning on or after the Effective Date, the Account of each Participant who qualifies as an active
Participant on the last day of such year shall be credited with a Service Credit equal to fifteen percent (15%) of the Participant’s Base Salary that is paid during the portion of the Plan Year that he qualifies as a Participant;
provided, however, that Base Salary shall not include amounts that are paid to a Participant by the Employer with respect to services performed prior to the time that an election is made, or is deemed made, as to the form of benefit
payment under Section 3.2 of the Plan. 
 (b) Notwithstanding anything in Section 4.2(a) to the contrary, for the Plan Year in
which a Participant has a Separation from Service after attaining age 65 or due to death or Disability prior to the last day of such year, the Account of such Participant shall, on the last day of such year (or the date that a Participant’s
benefits commence under Article VI, if earlier), be credited with a Service Credit equal to fifteen percent (15%) of the Participant’s Base Salary that is paid during the portion of the Plan Year that he qualifies as a Participant;
provided, however, that Base Salary shall not include amounts that are paid to a Participant by the Employer with respect to services performed prior to the time that an election is made, or is deemed made, as to the form of benefit
payment under Section 3.2 of the Plan. 
 4.3. Growth Credits 

(a) Subject to the provisions of this Section 4.3 and all such additional rules and administrative procedures that the Administrator
determines to be necessary or appropriate for the proper administration of the Plan, a Participant may, by providing appropriate instructions to the Administrator on an Election Form, including by means of electronic media, prospectively direct the
Administrator as to the percentage of any amounts credited to his Account to be notionally invested in one or more of the types of notional investment funds (“Crediting Rates”) selected by the Administrator from time to time, in its sole
discretion. To the extent a Participant does not select a Crediting Rate as provided in this Section 4.3 (or fails to provide appropriate directions with respect to all or a portion of his Account as provided in this Section 4.3), the
Administrator shall cause his Account to be adjusted based on the default Crediting Rate as provided in subsection (c) below. 

  
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 (b) Following the Administrator’s receipt of a Participant’s Crediting Rate
instructions, the Administrator shall debit or credit the applicable percentage of the Participant’s Account in accordance with the applicable rate instructions as provided in this Section 4.3. A Participant’s Crediting Rate
instructions shall remain in effect until receipt by the Administrator of a Participant’s proper request changing or revoking the Participant’s Crediting Rate instructions then in effect pursuant to this Section 4.3. 

(c) To the extent that a Participant does not direct the Administrator as to the Crediting Rate for the amounts that are credited to his
Account, or the applicable portion thereof, the Participant shall be deemed to have selected a Crediting Rate of interest under the money market fund or any similar fund designated by the Administrator until such time as the Participant shall have
properly designated a Crediting Rate in accordance with the procedures of this Section 4.3. 
 (d) As of each Valuation Date, the
allocable portion of the notional income and any notional realized and unrealized gains and losses attributable to the Crediting Rate selected by the Participant (including any notional administrative or similar fees and employment taxes associated
with the Account), or at the Administrator’s designation with respect to a Participant who has failed to designate a Crediting Rate pursuant to subsection (c) above, shall be allocated by the Administrator for the benefit of the
Participant for whom such Account was maintained during the Plan Year. Any allocation of any notional increase or decrease in the net worth of the Participant’s Account shall be adjusted for any Service Credits allocated to such Account since
the preceding Valuation Date with appropriate credit given for the period during which such allocations were credited to the Account. 
 (e)
The Administrator shall from time to time establish all such rules, procedures and limitations which it determines to be necessary or appropriate for the proper administration of the Crediting Rate options available to Participants. The
Administrator shall from time to time, in its sole discretion, determine the different Crediting Rate choices available to Participants. To the extent the Administrator shall eliminate any Crediting Rate options, provide any new Crediting Rate
options or otherwise modify the availability or eligibility standards of any Crediting Rate options that are offered under the Plan, the Administrator may impose such limitations as it deems necessary or appropriate for the proper administration of
the Plan. 
 (f) The provision of this Section 4.3 regarding a Participant’s right to select the Crediting Rate options available
to his Account shall apply with equal effect with respect to any Beneficiary of a deceased Participant. 
 4.4. Statements 

The Administrator shall furnish on an annual basis, or at more frequent intervals as determined by the Administrator, a statement to each
Participant or Beneficiary of the notional net earnings or losses (including administrative or similar fees and employment taxes) credited to or charged against his Account, the amount of any Service Credits allocated to such Account, and the total
vested and nonvested notional value of such Account. 

  
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 ARTICLE V 

VESTING 
 5.1. Vested
Percentage of Account 
 (a) Subject to the provisions of Section 5.2 hereof, upon the occurrence of any of the following, the
right of a Participant to receive or to continue to receive any benefits hereunder shall at all times be fully vested and nonforfeitable upon the earliest of: 

(i) The Participant’s completion of five (5) full years as a Participant in the Plan following the Effective Date;

 (ii) The Participant’s attainment of age sixty-five (65) while in the employ of the Employer; 

(iii) The Participant’s death while in the employ of the Employer; 

(iv) The Participant’s becoming Disabled while in the employ of the Employer; or 

(v) The occurrence of a change of control event (within the meaning of Treasury Regulations
Section 1.409A-3(i)(5)) relating to the Participant. 
 (b) Notwithstanding the provisions of
subsection (a) hereof, each employee of the Employer who was an active participant in the Amended and Restated Teva Pharmaceuticals USA, Inc. Supplemental Executive Retirement Plan on September 30, 2013 and who became a Participant in this
Plan on the Effective Date shall be fully vested in his Account; provided, however, that such Account shall be subject to forfeiture pursuant to the provisions of Section 5.2. 

(c) A Participant who has a Separation from Service when he is not 100% vested in his Account shall forfeit the entire amount credited to such
Account upon such separation. If a Participant whose Account was forfeited following a Separation from Service again becomes a Participant after such separation, (i) the amount previously credited to his Account with respect to periods of
service prior to the Separation from Service shall not be restored, and (ii) the Participant’s period of Plan participation prior to the Separation from Service shall be disregarded for purposes of determining the vested percentage of the
Participant’s Account attributable to periods after again becoming a Participant. 
 (d) If a Participant who has had a Separation from
Service when he was 100% vested in his Account again becomes a Participant following such separation, the Participant’s period of participation prior to the Separation from Service shall be taken into account in determining the vested
percentage of the Participant’s Account attributable to periods after again becoming a Participant. 

  
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 5.2. Forfeiture of Benefits 

(a) Notwithstanding any provision of this Plan to the contrary, all benefits provided on behalf of, or that remain to be paid to, a vested
Participant under this Plan shall be forfeited, at the sole discretion of the Board, in the following circumstances: 
 (i)
The Participant fails to satisfy any of the covenants contained in Section 5.3; 
 (ii) The Employer terminates the
Participant’s employment for Cause; or 
 (iii) The Participant fails to execute and deliver to the Company (or revokes
during any applicable revocation period) a release of all claims against the Company and its affiliates (and their respective officers, directors, employees, stockholders, associates and consultants), in a form acceptable to the Company, upon the
Participant’s Separation from Service. 
 (b) In the event that a Participant fails to satisfy any of the covenants contained in 5.3
and his benefit is forfeited as provided in subsection (a) above, the Board may, in its sole discretion, require such Participant to promptly repay to the Employer all or any portion of the amounts previously paid to the Participant prior to
the date of the forfeiture. 
 5.3. Restrictive Covenants 

(a) As consideration for the benefits provided under this Plan, each Participant covenants and agrees that during the term of his employment
with the Employer and for two (2) years following a Separation from Service he will not, without the prior written consent of the Employer, engage in Competition with the Employer or its subsidiaries or affiliates. In the event that a
Participant engages in Competition with the Employer or its subsidiaries or affiliates during the term of such Participant’s employment with the Employer or during the two (2) year period following such Participant’s Separation from
Service for any reason, the Board may, in its sole discretion (i) cause the Participant’s Account to be forfeited, in which case the Participant shall have no further rights with respect to his Account, and (ii) require such
Participant to promptly repay to the Employer all or any portion of the Account that was paid to the Participant prior to the date of the forfeiture. 

(b) As consideration for the benefits provided under this Plan, each Participant covenants and agrees that during the term of his employment
with the Employer and for two (2) years following a Separation from Service he will not, without the prior written consent of the Employer, engage in any activities that constitute Solicitation. In the event that a Participant engages in any
activities that constitute Solicitation during the term of such Participant’s employment with the Employer or during the two (2) year period following such Participant’s Separation from Service for any reason, the Board may, in its
sole discretion (i) cause the Participant’s Account to be forfeited, in which case the Participant shall have no further rights with respect to his Account, and (ii) require such Participant to promptly repay to the Employer all or
any portion of the Account that was paid to the Participant prior to the date of the forfeiture. 

  
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 (c) The Employer has disclosed to each Participant its Confidential Information respecting the
business of the Employer, and its subsidiaries and affiliates, to the extent necessary for each Participant to carry out the terms of his employment. Accordingly, and as consideration for the benefits provided under this Plan, each Participant
covenants and agrees that he will not, without the prior written consent of the Employer, disclose, at any time (whether prior to or after termination of employment with the Employer), to any person not employed by the Employer, or use in connection
with engaging in Competition with the Employer or its subsidiaries or affiliates, any Confidential Information of the Employer or its subsidiaries and affiliates. The foregoing obligations imposed by this subsection (c) will cease if such
Confidential Information will have become, through no fault of the Participant, generally known to the public or the Participant is required by law to make disclosure (after giving the Employer notice and an opportunity to contest such requirement).
In the event that a Participant discloses Confidential Information in violation of this subsection (c), the Board may, in its sole discretion (i) cause the Participant’s Account to be forfeited, in which case the Participant shall have no
further rights with respect to his Account, and (ii) require such Participant to promptly repay to the Employer all or any portion of the Account that was paid to the Participant prior to the date of the forfeiture. 

(d) As consideration for the benefits provided under this Plan, each Participant agrees that after his employment with the Employer has
terminated he will provide, upon reasonable notice, such information and assistance to the Employer as may reasonably be requested by the Employer in connection with any audit, governmental investigation or litigation in which it or any of its
subsidiaries or affiliates is or may become a party; provided that (i) the Employer agrees to reimburse the Participant for any related out-of-pocket expenses,
including travel expenses, and to pay the Participant reasonable compensation for his time based on his rate of Base Salary in effect as of his employment termination date, and (ii) any such assistance may not unreasonably interfere with the
then-current employment of the Participant. In the event that a Participant fails to provide such information and assistance in violation of this subsection (d), the Board may, in its sole discretion (i) cause the Participant’s Account to
be forfeited, in which case the Participant shall have no further rights with respect to his Account, and (ii) require such Participant to promptly repay to the Employer all or any portion of the Account that was paid to the Participant prior
to the date of the forfeiture. 
 (e) Notwithstanding the foregoing provisions of this Section 5.3, in the event that a Participant
engages in any prohibited Competition or Solicitation activities or discloses any Confidential Information, the Employer shall be entitled (in addition to any other remedy that may be available to it, including monetary damages and forfeiture of the
Participant’s Account) to seek and obtain (i) a decree or order of specific performance to enforce the observance and performance of such covenant or obligation, (ii) an injunction restraining such breach or threatened breach of such
covenant or obligation, and (iii) attorneys’ fees and other costs incurred in obtaining such decree or order of specific performance of such covenant or obligation or in obtaining an injunction restraining such breach or threatened breach
of such covenant or obligation or in connection with any other proceeding relating to or arising out of the Participant’s breach or threatened breach of such covenant or obligation. In enforcing the provisions of this Section 5.3, the
Employer shall not be required to obtain, furnish or post any bond or similar instrument in connection with or as a condition to obtaining any remedy referred to in this subsection (e), and a Participant shall be deemed to have irrevocably waived
any right he may have to require the Employer to obtain, furnish or post any such bond or similar instrument. 

  
 11 

 (f) If any of the provisions of, or covenants contained in, this Section 5.3 are hereafter
construed to be invalid or unenforceable in any jurisdiction, the same shall not affect the remainder of the provisions or the enforceability thereof in any other jurisdiction, which shall be given full effect, without regard to the invalidity or
unenforceability in such other jurisdiction. If any of the provisions of, or covenants contained in, this Section 5.3 are held to be unenforceable in any jurisdiction because of the duration or geographical scope thereof, a court making such
determination shall reduce the duration and geographical scope of such provision or covenant and, in its modified form, such provision or covenant shall be enforceable; provided that the determination of such court shall not affect the
enforceability of this Section 5.3 in any other jurisdiction. 
 ARTICLE VI 

DISTRIBUTIONS 
 6.1.
Time and Manner of Distributions 
 (a) Separation from Service. Except as otherwise set forth in this Section 6.1, the
vested value of a Participant’s Account, determined under Article V, shall be distributed to the Participant in the form of a single lump sum payment following the Participant’s Separation from Service on the applicable Settlement
Date for such payment; provided, however, that if a Participant has timely elected on an Election Form to have his Account distributed in the form of Installments, distribution of his Account shall commence following the
Participant’s Separation from Service on the applicable Settlement Date for such Installments. Notwithstanding anything in the previous sentence to the contrary, all vested amounts credited to the Account of a Participant who has not attained
age fifty-five (55) but who has been credited with ten (10) or more years of Plan participation at the time of a Separation from Service shall be distributed in the form of a single lump sum payment following such separation on the
applicable Settlement Date for such payment. In the event that a Participant dies after a Separation from Service and prior to the commencement or completion of benefit payments, either as a lump sum or in the form of Installments, any amounts that
remain to be paid to the Participant shall be paid to the Participant’s Beneficiary at the time and in the amount scheduled to be paid to the Participant as if he had remained alive. 

(b) Death Prior to Separation from Service. In the event that a Participant has a Separation from Service as a result of his death, the
vested value of a Participant’s Account, determined under Article V, shall be distributed to the Participant’s Beneficiary in the form of a single lump sum payment and such date of death shall be the Participant’s Settlement
Date. Payment of any death Benefits shall not be due until the Administrator is provided with documentation or other evidence reasonably necessary to establish the fact of the Participant’s death. 

(c) Disability Prior to Separation from Service. In the event that a Participant has a Separation from Service as a result of a
Disability, the vested value of a Participant’s Account, determined under Article V, shall be distributed to the Participant (or the Participant’s Beneficiary) in the form of a single lump sum payment and such date of Separation from
Service, as determined by the Administrator, shall be the Participant’s Settlement Date. 

  
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 (d) Installment Payment Amounts. For purposes of determining the annual amount to be
distributed on behalf of a Participant who has elected Installments pursuant to Section 3.2, each annual payment shall be determined by dividing the vested value of the Participant’s Account determined as of the last day of the Plan Year
preceding the year of distribution by the number of years over which Installments will be paid, reduced by one for each year that has elapsed since distributions commenced. The undistributed balance of such Participant’s Account shall continue
to receive Growth Credits until the last Installment is paid. If a Participant dies after the commencement of installment payments have begun, the Beneficiary shall continue to receive benefit payments under the Installment method of distribution
for the remaining years for which the Participant was receiving benefits. 
 (e) Reemployment. The provisions of this
Section 6.1 shall be applied independently to each Account maintained for an employee who again becomes a Participant following a Separation from Service. 

6.2. Delayed Distributions 

Notwithstanding any other provision of the Plan, any payment otherwise required to be made pursuant to this Plan to a Participant at any date
as a result of a Separation from Service shall be delayed as follows to the extent applicable: 
 (a)
Six-Month Delay for Specified Employees. Any payment otherwise required to be made pursuant to this Plan to a Participant at any date as a result of a Separation from Service shall be delayed for such
period of time as may be necessary to satisfy the applicable requirements of Section 409A(a)(2)(B)(i) of the Code. On the earliest date on which such payments can be made without violating the requirements of Section 409A(a)(2)(B)(i) of
the Code, there shall be paid to such Participant, in a single cash lump sum, an amount equal to the aggregate amount of all payments delayed pursuant to the preceding sentence. 

(b) Excessive Remuneration. A payment shall be delayed to the extent that, and for so long as, the Employer reasonably determines the
payment will cause the Employer’s deduction to be limited or eliminated by reason of Section 162(m) of the Code, provided that the payment is made either: (i) during the first calendar year in which the Employer reasonably
anticipates, or should reasonably anticipate, that if the payment is made during such year, the deduction of such payment will not be barred by the application of Section 162(m) of the Code, or (ii) during the period beginning with the
date of the Participant’s Separation from Service and ending on the latest of (A) the last day of the calendar year of the Participant’s Separation from Service, (B) the 15th day of the third month following the
Participant’s Separation from Service, or (C) in the case of a Participant subject to the provisions of subsection (a) above, the calendar year in which any required period of delay described therein ceases. 

(c) Jeopardize Going Concern. A payment shall be delayed to the extent that, and for so long as, the Employer reasonably determines the
payment will jeopardize the Employer’s ability to continue as a going concern. Payment shall be made as soon as the payment would no longer have such effect. 

  
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 (d) Violation of Applicable Law. A payment shall be delayed to the extent that, and for so
long as, the Employer reasonably determines the payment will cause the Employer to violate Federal security laws or other applicable law. 

6.3. Accelerated Payments 

(a) Small Benefits. Notwithstanding a Participant’s election of Installments pursuant to Section 3.2, the Administrator shall
distribute a Participant’s Account in a single lump sum following his Separation from Service if: (i) the amount payable to the Participant under the Plan at the time of his Separation from Service is less than or equal to the applicable
dollar amount under Section 402(g)(1)(B) of the Code, and (ii) the payment accompanies the termination of the Participant’s interest in the Plan and all similar nonqualified deferred compensation arrangements of the Employer in which
the Participant participates. 
 (b) FICA Taxes. A Participant’s Account shall be reduced (and benefits accelerated) to the
extent necessary to pay the amount of any FICA taxes imposed on the Participant, and any applicable income tax withholdings due on such FICA taxes; provided, however, that the total amount reduced (accelerated) shall not exceed the
aggregate amount of such FICA taxes and the income tax withholding related to such FICA taxes. 
 (c) Code
Section 409A Failure. Payments shall be accelerated, to the extent amounts are required to be included in a Participant’s income, if the Plan fails to meet the requirements of Section 409A of the Code. 

(d) Plan Termination Payments. If the Company, by action of the Board, exercises its right under Article X to terminate the Plan,
distributions to Participants will be made in accordance with the applicable terms of the Plan as then in effect; provided, however, that all distributions hereunder shall be accelerated and shall be made to Participants in a single
lump sum in the following circumstances (notwithstanding any provision of Section 6.1 to the contrary): 
 (i) The
Company exercises its discretion to terminate the Plan within twelve (12) months of a corporate dissolution taxed under Section 331 of the Code, or with the approval of the bankruptcy court pursuant to 11 U.S.C. 503(b)(1)(A),
provided that all amounts credited to Accounts under the Plan shall be distributed by the latest of: (A) the calendar year in which the termination occurs, (B) the first calendar year in which payment is administratively feasible, or
(C) the first calendar year in which such Account is vested. 
 (ii) The Company exercises its discretion to terminate
the Plan (and all other similar account balance-type arrangements of the Employer that would be aggregated with the Plan pursuant to Section 409A of the Code are terminated), with respect to each Participant that experienced the change in
control event (within the meaning of Treasury Regulations Section 1.409A-3(i)(5)), within thirty (30) days preceding or the twelve (12) month period following such change in control event and
all Account distributions under the Plan and such other arrangements are made to such Participants within twelve (12) months of the termination date. 

  
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 (iii) The Company exercises its discretion to terminate the Plan (and all other
similar account balance-type arrangements of the Employer that would be aggregated with the Plan pursuant to Section 409A of the Code are terminated), provided that: (A) the termination does not occur proximate to a downturn in the
financial health of the Company, (B) no payments are made within twelve (12) months of the termination date (other than payments that would be payable under the terms of the Plan and any aggregated arrangements if the termination had not
occurred), (C) all payments under the Plan (and any aggregated arrangements) are made within twenty-four (24) months of the termination date, and (D) the Employer does not adopt a new arrangement that would be aggregated with any
terminated arrangement pursuant to Section 409A of the Code if the same participants participated in both arrangements at any time within three (3) years following the termination date. 

6.4. Incapacity of Recipient 

If any person entitled to a distribution under this Plan is deemed by the Administrator to be incapable of personally receiving and giving a
valid receipt for such payment, then, unless and until a claim therefor shall have been made by a duly appointed guardian or other legal representative of such person, the Administrator may provide for such payment or any part thereof to be made to
any other person or institution then contributing toward or providing for the care and maintenance of such person. Any such payment shall be a payment for the account of such person and a complete discharge of any liability of the Employer and the
Plan therefor. 
 ARTICLE VII 

FUNDING 
 7.1. Unfunded
Obligations 
 The obligations of the Employer to pay benefits under this Plan shall be interpreted solely as an unfunded obligation of
the Employer to pay only those vested amounts credited to the Participant’s Account pursuant to Article IV in the manner and under the conditions prescribed in Articles V and VI. All benefits are intended to be in the form of an
unfunded obligation of the Employer payable out of the Employer’s general assets. 
 7.2. General Creditor Status 

Nothing contained herein shall create an obligation on the part of the Employer to set aside or earmark any monies or other assets
specifically for payments under the Plan. At no time shall a Participant or Beneficiary have any right, title, or interest in or to any specific fund or assets of the Employer. As to any claim for benefits, the Participant or the Participant’s
Beneficiary shall be a general creditor of the Employer. 

  
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 7.3. Trust 

The Employer shall be responsible for the payment of all benefits with respect to its Employees. At its discretion, the Employer may establish
one or more grantor trusts for the purpose of providing for payment of benefits, except to the extent that such action would result in a penalty tax to a Participant pursuant to Section 409A of the Code, provided that any such trust and all
trust assets are located within the United States at all times. Such trust or trusts may be irrevocable, but the assets thereof shall be subject to the claims of the Employer’s creditors. Benefits paid to the Participant from any such trust or
trusts shall be considered paid by the Employer for purposes of meeting the obligations of the Employer under the Plan. Any assets set aside, at the sole discretion of the Employer, shall be subject to the claims of the Employer’s general
creditors, and no person other than the Employer shall, by virtue of the provisions of the Plan, have any interest in such assets. 

ARTICLE VIII 

ADMINISTRATION 
 8.1.
Organization of the Administrator 
 (a) Appointment. Except as otherwise provided herein, the Plan shall be administered by the
Board or such person or persons as may be designated by the Board, from time to time, to administer the Plan. Any person or persons designated by the Board as the Administrator of the Plan may resign by delivering his written resignation to the
Board and to the remaining members of the Administrator. Vacancies in the Administrator arising from resignation, death, or removal shall be filled by the Board. 

(b) Action. The Administrator shall act by a majority of its members unless unanimous consent is required by the Plan, or by unanimous
approval of its members if there are no more than two members in office at the time. No member of the Administrator shall act upon any question pertaining solely to himself or herself, and the other member or members shall make any determination
required by the Plan in respect to such Participant. 
 (c) Delegation. The Administrator may delegate specific authority and
responsibilities to one or more of its members or to management of the Company. The member or members or persons so designated shall be solely responsible for their acts or omissions with respect to such delegated authority and responsibilities.
Members of the Administrator not so designated shall be relieved from responsibility for any act or omission resulting from such delegation. 

8.2. Authority and Responsibility 

The Administrator shall have full discretionary authority and responsibility to interpret and construe the Plan and determine all questions of
the status and rights of Participants and the amounts of their benefits. Its interpretation, construction, or determination, as the case may be, shall be final and conclusive with respect to the Employer, Participants, and their respective
successors, assignees, personal representatives, and Beneficiaries. Such authority and responsibility shall include, but shall not be limited to, the following: 

  
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 (a) Appointing qualified consultants, administrators, counsel or other persons deemed necessary
or advisable to serve the Plan as advisors; provided, however, that no appointee shall exercise any discretionary authority, responsibility, or control with respect to the management or administration of the Plan; 

(b) Resolving and determining all disputes or questions arising under the Plan, including the power to determine the rights of Participants
and Beneficiaries, and their respective benefits, and to remedy any ambiguities, inconsistencies or omissions in the Plan; 
 (c) Creating,
adopting, and revising rules, regulations, forms and procedures for the proper administration of the Plan; 
 (d) Remedying any inequity
resulting from incorrect information received or communicated, or from administrative error; 
 (e) Settling or compromising any claims or
debts arising from the operation of the Plan and the commencement of any legal actions or administrative proceedings; and 
 (f) Taking any
other actions and making any other determinations as it may deem necessary and proper for the administration of the Plan. 
 8.3. Records
and Reports 
 The Administrator shall keep a record of its proceedings and acts, and shall keep books of account, records, and other
data necessary for the proper administration of the Plan. 
 8.4. Payment of Plan Expenses 

The expenses of the Administrator in connection with the administration of the Plan shall be the responsibility of the Employer. 

8.5. Indemnification 

Except as otherwise prohibited by applicable law, the Employer shall indemnify and hold harmless the Administrator and its delegates from and
against any and all liabilities, costs, and expenses incurred by such persons as a result of any act or omission in connection with the performance of such persons’ duties, responsibilities, and obligations under the Plan, other than such
liabilities, costs, and expenses as may result from the bad faith, willful misconduct or gross negligence of such persons. 
 ARTICLE IX

 CLAIMS PROCEDURE 

9.1. Claim for Benefits 

(a) Non-Disability Claims. The following provisions apply with respect to all claims under the
Plan except with respect to claims relating to a Participant’s Disability: 

  
 17 

 (i) Any request for specific information with respect to benefits must be made to
the Administrator in writing by a Participant or his Beneficiary (“Claimant”). The Claimant may be represented by counsel, or by another representative authorized in writing in a manner specified by the Administrator. The expense of a paid
representative shall be borne by the Claimant. Oral communications will not be recognized as a formal request or claim for benefits. 

(ii) Within 90 days (180 days, if special circumstances require an extension of time and written notice of the extension is
given to the Claimant within such initial 90-day period) after receiving a claim for benefits by any Claimant, or within such shorter period of time as may be required by law, the Administrator shall provide
notice in writing to the Claimant regarding whether the claim has been approved or denied. 
 (iii) If there is an adverse
benefit determination, the written notice shall set forth (A) the specific reasons for such adverse determination, (B) a reference to the specific Plan provisions on which the determination is based, (C) a description of any material
and information which had been requested but not received by the Administrator, and (D) a description of the Plan’s review procedures and time limits applicable to such procedures, including a statement of the Claimant’s right to
bring a civil action under Section 502(a) of ERISA following an adverse benefit determination on review. 
 (iv) Any
appeal of such adverse determination must be submitted in writing to the Administrator within 60 days after receipt of such notification. If the Claimant fails to appeal such action to the Administrator in writing within the prescribed period of
time, the Administrator’s adverse determination shall be final. 
 (v) If an appeal is filed with the Administrator, the
Claimant shall submit such issues he feels are pertinent. The Claimant may submit written comments, documents, records, and other information relating to his claim. In addition, the Claimant shall have reasonable access, upon request and at no
charge, to all documents, records, and other information relevant to his claim. 
 (vi) The Administrator shall reexamine all
facts without regard to whether such information was submitted or considered in the initial benefit determination, make a final determination as to whether the denial of benefits is justified under the circumstances, and notify the Claimant in
writing of its decision on review and the specific reasons on which such decision was based. The written notice shall be provided within 60 days (120 days, if special circumstances require an extension of time and written notice of the extension is
given to the Claimant within such initial 60-day period) after receipt by the Administrator of such written appeal, or within such shorter period of time as may be required by law. 

(vii) If there is an adverse benefit determination on review, the written notice shall set forth (A) the specific
reason(s) for the adverse determination, (B) a reference to the specific Plan provisions on which the determination is based, (C) a statement that the Claimant is entitled to receive, upon request and free of charge,

  
 18 

 
reasonable access to and copies of all documents, records, and other information relevant to the Claimant’s claim, and (D) a statement describing the Claimant’s right to bring an
action under Section 502(a) of ERISA. 
 (viii) The decision of the Administrator shall be final and shall be binding
upon the Claimant, his heirs and assigns, and all other persons claiming by, through, or under him. 
 (b) Disability Claims. The
following provisions apply with respect to all claims under the Plan for Disability benefits: 
 (i) Any request for specific
information with respect to benefits must be made to the Administrator in writing by a Claimant. The Claimant may be represented by counsel, or by another representative authorized in writing in a manner specified by the Administrator. The expense
of a paid representative shall be borne by the Claimant. Oral communications will not be recognized as a formal request or claim for benefits. 

(ii) The Administrator shall notify the Claimant in writing of its decision within 45 days after receipt of the claim, unless
special circumstances beyond the control of the Administrator require an extension of time for processing the claim. If such an extension of time for processing is required, this 45-day period may be extended
up to an additional 30 days (for a total of 75 days) if the Administrator notifies the Claimant in writing prior to the expiration of the original 45-day period of (A) the circumstances requiring the
extension, and (B) the date by which the Administrator expects to render its decision. In the event that the Administrator determines (during the 30-day extension period) that due to matters beyond the
control of the Administrator, a decision on the claim for Disability benefits cannot be rendered within the 30-day extension period, the 75-day period may be extended up
to an additional 30 days (for a total of 105 days) if the Administrator notifies the Claimant in writing prior to the expiration of the first 30-day extension period of (A) the circumstances requiring the
additional extension, and (B) the date by which the Administrator expects to render its decision. The extension notice that is provided by the Administrator for the first extension period or the second extension period must include (A) an
explanation of the standards on which entitlement to Disability benefits is based, (B) any unresolved issues that prevent the Administrator from rendering a decision on the claim for Disability benefits, and (C) the additional information
required to resolve such issues (a Claimant must provide the additional information to the Administrator required to resolve such issues within 45 days of the date of the extension notice). 

(iii) In the event that the period of time for the Administrator to render its decision on a claim for Disability benefits is
extended due to a Claimant’s failure to submit information necessary to decide a claim for Disability benefits, the period of time for the Administrator to render a decision for such a claim shall be tolled from the date on which the extension
notice is sent to the Claimant until the date on which the Claimant responds to the request for additional information. 

  
 19 

 (iv) If there is an adverse benefit determination, the written notice shall set
forth (A) the specific reasons for such denial, (B) a reference to the specific Plan provisions on which the determination is based, (C) a description of any material and information which had been requested but not received by the
Administrator, (D) a description of the Plan’s review procedures and time limits applicable to such procedures, including a statement of the Claimant’s right to bring a civil action under Section 502(a) of ERISA following an
adverse benefit determination on review, and (E) if an internal rule, guideline, protocol, or other similar criterion was relied upon for the decision, either the specific rule, guideline, protocol, or other similar criterion; or a statement
that such a rule, guideline, protocol, or other similar criterion was relied upon in making the determination and that a copy of such rule, guideline, protocol, or other similar criterion will be provided free of charge to the Claimant upon request.

 (v) Any appeal of such adverse determination must be submitted in writing to the Human Resources Leader of Teva
Pharmaceutical Industries Ltd., and who shall be designated a “named fiduciary” for purposes of the Plan (the “Named Fiduciary”), within 180 days after receipt of such notification. If the Claimant fails to appeal such action to
the Named Fiduciary in writing within the prescribed period of time, the Administrator’s adverse determination shall be final. 

(vi) If an appeal is filed with the Named Fiduciary, the Claimant shall submit such issues he feels are pertinent. The Claimant
may submit written comments, documents, records, and other information relating to his claim. In addition, the Claimant shall have reasonable access, upon request and at no charge, to all documents, records, and other information relevant to his
claim. 
 (vii) The Named Fiduciary shall reexamine all facts without regard to whether such information was submitted or
considered in the initial benefit determination, make a final determination as to whether the denial of benefits is justified under the circumstances, and notify the Claimant in writing of his decision on review and the specific reasons on which
such decision was based. The Named Fiduciary will provide a written response to the appeal within 45 days after it is received. In the event that an extension of time is needed due to special circumstances by the Named Fiduciary to render his
decision for an appeal of an adverse benefit determination for Disability benefits, this 45-day period may be extended up to an additional 45 days (for a total of 90 days) if the Named Fiduciary notifies the
Claimant in writing prior to the expiration of the original 45-day period of (A) the special circumstances requiring the 45-day extension, and (B) the date by
which the Named Fiduciary expects to render his decision. 
 (viii) If there is an adverse Disability benefit determination,
the written notice shall set forth (A) the specific reason(s) for the adverse determination, (B) a reference to the specific Plan provisions on which the determination is based, (C) a statement that the Claimant is entitled to
receive, upon request and free of charge, reasonable access to and copies of all documents, records, and other information relevant to the Claimant’s claim, (D) a statement describing the Claimant’s right to bring an action under
Section 502(a) of ERISA, and (E) if an internal rule, guideline, protocol, or other similar criterion was relied upon for the decision, either the specific rule, guideline, 

  
 20 

 
protocol, or other similar criterion; or a statement that such a rule, guideline, protocol, or other similar criterion was relied upon in making the determination and that a copy of such rule,
guideline, protocol, or other similar criterion will be provided free of charge to the Claimant upon request. 
 (ix) The
decision of the Named Fiduciary shall be final and shall be binding upon the Claimant, his heirs and assigns, and all other persons claiming by, through, or under him. 

(c) Exhaustion of Remedies. A failure to file a claim and an appeal in the manner and within the time limits set forth herein shall be
deemed a failure by the Claimant to exhaust his administrative remedies and shall constitute a waiver of the rights or benefits sought to be established under the Plan. 

9.2. Protective Provisions 

A Participant shall cooperate with the Administrator by furnishing any and all information requested by the Administrator, in order to
facilitate the payment of benefits hereunder, taking such physical examinations as the Administrator may deem necessary, and taking such other actions as may be requested by the Administrator. If the Participant refuses to so cooperate, the
Administrator shall have no further obligation to the Participant under the Plan. In the event the Participant makes any material misstatement of information or non-disclosure of medical history, then no
benefits shall be payable to the Participant under the Plan, except that benefits may be payable in a reduced amount in the sole discretion of the Board. 

ARTICLE X 
 AMENDMENT,
DISCONTINUANCE, AND TERMINATION 
 10.1. Amendment 

The Plan may be amended by the Board, in whole or in part, either retroactively or prospectively; provided, however, that no
amendment shall reduce benefits already earned as of the date of adoption of the amendment or increase the vesting requirements under Article V for benefits already earned by any one or more persons who are Participants as of the date such
amendment is adopted; and provided, further, that no amendment shall increase the benefits that are provided under the Plan in respect of or on behalf of any Participants, either prospectively or retroactively, without the prior
written approval of Teva Pharmaceutical Industries Ltd. in accordance with applicable policies and laws governing the award of executive compensation and benefits. 

10.2. Termination 
 The
Plan may be terminated at any time at the discretion of the Board. Written notification of such action shall be given to each Participant and the Administrator. In the event that the Plan is terminated or discontinued pursuant to this
Section 10.2, no additional amounts will be credited to a Participant’s Account pursuant to Section 4.2 (Service Credits) or Section 4.3 (Growth Credits), and any amounts credited to a Participant’s Account (determined as of
the date of the Plan’s termination or discontinuation) shall be distributed to the Participant in accordance with Article VI hereof. 

  
 21 

 ARTICLE XI 

MISCELLANEOUS 
 11.1. Non-Guarantee of Service 
 Participation in the Plan does not give any person any right to be
retained in the service of the Employer. The right and power of the Employer to terminate a Participant’s status as an employee is expressly reserved. 

11.2. No Assignment 

Except as otherwise provided in the Plan, no right or benefit under the Plan shall be subject to anticipation, alienation, sale, assignment,
pledge, encumbrance or charge, and any attempt to anticipate, alienate, sell, assign, pledge, encumber or charge such right or benefit shall be void. No such right or benefit shall in any manner be liable for or subject to the debts, liabilities or
torts of a Participant. 
 11.3. Withholding/Offset 

The Employer shall have the right to deduct from any payment made hereunder any taxes required by law to be withheld from a Participant with
respect to such payment. The Employer may reduce a Participant’s Account by any unsatisfied obligations of a Participant to the Employer that were incurred in the ordinary course of the Participant’s services on behalf of the Employer,
provided such reduction is made at the same time and in the same amount that such obligation would have been due and collected by the Employer and the entire amount of the reduction in any of the Participant’s taxable years does not exceed
$5,000. 
 11.4. Account Statements 

Periodically (as determined by the Administrator), each Participant shall receive a statement indicating the amounts credited to and payable
from the Participant’s Account. If an error is made in any such statement, such error shall be corrected on the next benefit statement following the date such error is discovered. In the event of an error in a distribution, the
Participant’s benefits shall, immediately upon the discovery of such error, be adjusted to reflect such under- or over-payment and, if possible, the next distribution shall be adjusted upward or downward to correct such prior error. If the
remaining balance of a Participant’s benefits is insufficient to cover an erroneous overpayment, the Employer may, at its discretion, offset other amounts payable to the Participant from the Employer, to the extent allowed by law, to recoup the
amount of such overpayment(s). 
 11.5. Severability 

Should any provision of the Plan be deemed or held to be unlawful or invalid for any reason, such fact shall not adversely affect the other
provisions of the Plan unless such invalidity shall render impossible or impractical the functioning of the Plan and, in such case, the appropriate parties shall immediately adopt a new provision to take the place of the one held illegal or invalid.

  
 22 

 11.6. Binding upon Successors 

The liabilities under the Plan shall be binding upon any successor or assignee of the Employer and any purchaser of the Employer or
substantially all of the assets of the Employer. 
 11.7. Waiver of Breach 

The waiver by the Employer of any breach of any provision of the Plan by any Participant (or his Beneficiary) shall not operate or be
construed as a waiver of any subsequent breach by that Participant (or his Beneficiary) or any other Participant (or his Beneficiary). 

11.8. Notice 
 Any notice
or filing required or permitted to be given to the Employer or the Participant under this Plan shall be sufficient if in writing and hand-delivered, or sent by registered or certified mail, in the case of the Employer, to the principal office of the
Employer, directed to the attention of the Employer’s General Counsel, and in the case of the Participant, to the last known address of the Participant indicated on the records of the Employer. Such notice shall be deemed given as of the date
of delivery or, if delivery is made by mail, as of the date shown on the postmark on the receipt for registration or certification. Notices to the Employer may be permitted by electronic communication according to specifications established by the
Administrator. 
 11.9. Inability to Locate a Participant or Beneficiary 

It is the responsibility of a Participant to apprise the Administrator of any change in address of the Participant or Beneficiary. If the
Administrator is unable to locate a Participant or Beneficiary for a period of three (3) years, the Participant (and his Beneficiary) shall forfeit any and all amounts credited to such Participant’s Account. 

11.10. Masculine, Feminine, Singular and Plural 

All pronouns and any variations thereof shall be deemed to refer to the masculine, feminine, or neuter, as the identity of the person or
persons may require. As the context may require, the singular may be read as the plural and the plural as the singular. 
 11.11. ERISA;
Code Section 409A 
 The Plan is intended to provide benefits for a “select group of management or highly compensated”
employees within the meaning of Sections 201, 301 and 401 of ERISA, and therefore to be exempt from the provisions of Parts 2, 3 and 4 of Title I of ERISA. Accordingly, the Plan shall terminate and no further benefits shall accrue hereunder in the
event it is determined by a court of competent jurisdiction or by an opinion of counsel that the Plan constitutes an employee pension benefit plan within the meaning of Section 3(2) of ERISA 

  
 23 

 
which is not so exempt. The Plan is also intended to satisfy all requirements of Section 409A of the Code so as not to subject any Participant to the payment of interest and tax penalties
which may be imposed under Section 409A of the Code. If any provision of the Plan may be susceptible to more than one interpretation or to an interpretation that may result in the Plan’s failing to satisfy the requirements of
Section 409A of the Code, such provision shall be applied and construed in a manner that is consistent with the provisions of Section 409A of the Code and regulations thereunder, which are incorporated herein by reference. For all purposes
of this Plan, the phrase “termination of employment” (or any similar phrase of like meaning and intent) shall mean a “separation from service” as such phrase is defined in regulations under Section 409A of the Code. 

11.12. Governing Law 

This Plan shall be construed according to the laws of the State of Delaware, and all provisions hereof shall be administered according to, and
its validity shall be determined under, the laws of the State of Delaware, except where preempted by Federal law. 
 11.13. Titles

 The titles to Articles and Sections in this Plan are placed herein for convenience of reference only, and the Plan is not to be
construed by reference thereto. 
 11.14. Other Plans 

Nothing in this Plan shall be construed to affect the rights of a Participant, Participant’s Beneficiaries, or Participant’s estate
to receive any retirement or death benefit under any tax-qualified or nonqualified pension plan, deferred compensation agreement, insurance agreement or other retirement plan of the Employer. 

*         *         * 

Executed this                  day of
                , 2013. 
  

			
	TEVA PHARMACEUTICALS USA, INC.
		
	By:	 	 
		
	Its:	 	 

  
 24 

 APPENDIX A 

INITIAL DESIGNATED PLAN PARTICIPANTS 
  

			
	 Employee Name
	  	 Effective Date of Participation

	 Mike Dearborn
	  	October 1, 2013
	 Debbie Griffin
	  	October 1, 2013
	 Jeffrey Herzfeld
	  	October 1, 2013
	 David Stark
	  	October 1, 2013

  
 A-1EX-10.51

 Exhibit 10.51 

Indemnification and Release Agreement 

This Indemnification and Release Agreement (this “Indemnification Agreement”) is being entered into effective as of
[●], pursuant to the resolutions of the Board of Directors (the “Board”) of Teva Pharmaceutical Industries Ltd., a company organized under the laws of the State of Israel (the “Company”), dated July 31,
2012 and the resolutions of the Human Resources and Compensation Committee of the Board, and the Audit Committee of the Board, each dated July 30, 2012. 

It is in the best interest of the Company to retain and attract as office holders the most capable persons available and such persons are
becoming increasingly reluctant to serve in companies unless they are provided with adequate protection through insurance, exemption and indemnification in connection with such service. 

You are or have been appointed as an office holder of the Company, and in order to enhance your service to the Company in an effective manner,
the Company desires to provide for your indemnification to the fullest extent permitted by law and the Company’s Articles of Association, as adopted by the Company’s shareholders on September 12, 2012, (such Articles of Association,
or other Articles of Association as shall be in effect at the relevant time, the “Articles of Association”). In consideration of your service to the Company, the Company hereby agrees as follows: 

1.    The Company hereby undertakes to indemnify you to the maximum extent permitted by the Articles of Association and
the Israeli Companies Law, 5759 – 1999, as amended from time to time (the “Companies Law”), the Israeli Securities Law, 5728-1968, as amended from time to time (the “Securities Law”) and any other applicable
law, in respect of the following expenses or liabilities imposed on, or incurred by, you in consequence of any act performed or omission committed by you in your capacity as an “Office Holder” (such term shall bear the meaning assigned to
it in the Companies Law) of the Company (including your service, at the request of the Company, as an officer, director, employee or board observer of any other company controlled directly or indirectly by the Company (a
“Subsidiary”) or in which the Company holds shares (an “Affiliate”)). 
 1.1    any
monetary liability imposed on you in favor of another person by a court judgment, including a settlement or an arbitrator’s award which was approved by court; 

1.2    reasonable litigation expenses, including attorneys’ fees, actually incurred by you in connection with an
investigation or proceeding that was conducted against you by a competent authority which has been Terminated Without the Filing of an Indictment (as such term is defined in the Companies Law) against you and without the Imposition on you of
a Monetary Liability In Lieu of a Criminal Proceeding (as such term is defined in the Companies Law), or which has been Terminated Without the Filing of an Indictment against you but with the Imposition on you of a Monetary Liability in Lieu
of a Criminal Proceeding in respect of a crime which does not require the proof of mens rea (criminal intent) or in connection with a monetary sanction; 

1.3    reasonable litigation expenses, including attorneys’ fees, actually incurred by you or charged to you by a
court, in a proceeding instituted against you by the Company or on its behalf or by another person, or in any criminal proceeding in which you were acquitted, or in any criminal proceedings in which you were convicted of a crime which does not
require the proof of mens rea (criminal intent); and 

 1.4    payment which you are obligated to make to an injured party as set
forth in Section 52(54)(a)(1)(a) of the Securities Law, and expenses actually incurred by you in connection with a proceeding under Chapters H’3, H’4, or I’1 of the Securities Law, including reasonable legal expenses, which term
includes attorneys’ fees or in connection with Article D of Chapter Four of Part Nine of the Companies Law. 
 For the purpose of this
Indemnification Agreement, “expenses” shall include, without limitation, attorneys’ fees and all other costs, expenses and obligations paid or incurred by you in connection with investigating, defending, being a witness in or
participating in (including on appeal), or preparing to defend, be a witness in or participate in any claim relating to any matter for which indemnification hereunder may be provided, and expenses paid or incurred by you in successfully enforcing
this Indemnification Agreement. Expenses shall be considered paid or incurred by you at such time as you are required to pay or incur such cost or expenses, including upon receipt of an invoice or payment demand. 

2.    Notwithstanding the forgoing provisions of Section 1, except to the extent permitted by applicable law, the
Company will not indemnify you for any amount you may be obligated to pay in respect of: 
 2.1    A breach of your
duty of loyalty to the Company or a Subsidiary or Affiliate, unless committed in good faith and with reasonable grounds to believe that such act would not prejudice the interests of the Company or a Subsidiary or Affiliate; 

2.2    A breach of your duty of care to the Company or a Subsidiary or an Affiliate committed intentionally or
recklessly; 
 2.3    An action or omission taken by you with the intent of unlawfully realizing personal gain; 

2.4    A fine, monetary sanction, forfeit or penalty imposed upon you; or 

2.5    With respect to proceedings or claims initiated or brought voluntarily by you against the Company or a Subsidiary
or an Affiliate, other than by way of defense, by way of third party notice to the Company or a Subsidiary or an Affiliate, or by way of countersuit in connection with claims brought against you. 

3.    To the fullest extent permitted by law, the Company will, following receipt by the Company of your written request
therefor, make available all amounts payable to you in accordance with Section 1 above on the date on which such amounts are first payable by you (“Time of Indebtedness”), and with respect to items referred to in Sections 1.2,
1.3 and 1.4 above, even prior to the time on which the applicable court renders its decision, provided however, that advances given to cover legal expenses will be repaid by you to the Company if it is determined that you
are not lawfully entitled to such indemnification. 
 As part of the aforementioned undertaking, the Company will make available to you any
security or guarantee that you may be required to post in accordance with an interim decision given by a court or an arbitrator, including for the purpose of substituting liens imposed on your assets. 

  
 2 

 4.    The Company will indemnify you and advance expenses in accordance with
this Indemnification Agreement even if at the relevant Time of Indebtedness you are no longer an Office Holder of the Company or a Subsidiary or an Affiliate, provided that the obligations with respect to which you will be indemnified
hereunder are in respect of actions taken or omissions committed by you while you were an Office Holder of the Company or such Subsidiary or such Affiliate as aforesaid, and in such capacity. 

5.    The undertaking of the Company set forth in Section 1.1 shall be limited as follows: 

5.1     to matters that are connected or otherwise related to those events or circumstances set forth in Schedule
A hereto. 
 5.2     the maximum amount for which the Company undertakes to indemnify you for the matters and
circumstances described in Section 1.1, jointly and in the aggregate, shall not exceed US$ 200 million according to the representative rate of exchange, or any other official rate of exchange that may replace it, at the Time of
Indebtedness calculated with respect to each Office Holder of the Company. Such amount has been determined by the Board to be reasonable under the circumstances. 

6.    Subject to the limitations of Section 5 above and Section 7 below, the indemnification hereunder will, in
each case, cover all sums of money that you will be obligated to pay, in those circumstances for which indemnification is permitted under the law, the Articles of Association and under this Indemnification Agreement. 

7.    Notwithstanding anything to the contrary herein, the Company will not indemnify you for any liability with respect
to which you have received payment by virtue of an insurance policy or another indemnification agreement, including, without limitation, an indemnification undertaking provided by a Subsidiary or an Affiliate, other than for amounts which are in
excess of the amounts actually paid to you pursuant to any such insurance policy or other indemnity agreement (including deductible amounts not covered by insurance policies), all within the limits set forth in Section 5 above. In order to
eliminate any duplication of benefits, the Company will be entitled to receive any amount collected by you from a third party in connection with liabilities actually indemnified hereunder, up to the amount actually paid to you by the Company as
indemnification hereunder, to be transferred by you to the Company within fifteen (15) days following the receipt of the said amount. 

In the event of payment by the Company pursuant to this Indemnification Agreement, the Company shall be subrogated to the extent of such
payment to all of your rights of recovery, and you shall execute all documents required, and shall do everything that may be necessary, to secure such rights, including the execution of such documents necessary to enable the Company effectively to
bring suit to enforce such rights. 
 8.    In all indemnifiable circumstances, indemnification will be subject to the
following: 
 8.1    You shall promptly notify the Company in writing of any legal proceedings initiated against you
and of all possible or threatened legal proceedings for which you may seek indemnification hereunder, without delay, and in any event within seven (7) days following your 

  
 3 

 
first becoming aware thereof, provided, however, that your failure to notify the Company as aforesaid shall not derogate from your right to be indemnified as provided
herein except and to the extent that such failure to provide notice prejudices the Company’s ability to defend against such action or to conduct any related legal proceeding. You shall deliver to the Company, or to such person as it shall
advise you, without delay all documents you receive in connection with these proceedings or possible or threatened proceedings. Notice to the Company shall be directed to the Chairman of the Board, and in the event you are the Chairman of the Board,
to the Chairman of the Audit Committee, at the address of the Company’s principal office (or at such other address as the Company shall advise you). 

8.2    Other than with respect to proceedings that have been initiated against you by the Company or in its name, the
Company shall be entitled to undertake the conduct of your defense in respect of such legal proceedings and/or to hand over the conduct thereof to any attorney which the Company may choose for that purpose, except to an attorney who is not, upon
reasonable grounds, acceptable to you. In such case, the fees and expenses of such counsel shall be paid by the Company. The Company shall notify you of any such decision to defend within ten (10) calendar days of receipt of notice of any such
proceeding. 
 The Company or the attorney as aforesaid shall be entitled, within the context of the conduct as aforesaid, to conclude such
proceedings, all as they shall see fit, including by way of settlement. 
 Notwithstanding the foregoing, in the case of criminal
proceedings, the Company or the attorneys as aforesaid will not have the right to plead guilty in your name or to agree to a plea-bargain in your name without your consent. Furthermore, in a civil proceeding (whether before a court or as a part of a
compromise arrangement), the Company and/or its attorneys will not have the right to admit to any occurrences that are not indemnifiable pursuant to this Indemnification Agreement and/or pursuant to law, without your consent. However, the aforesaid
will not prevent the Company or its attorneys as aforesaid, with the approval of the Company, to come to a financial arrangement with a plaintiff in a civil proceeding or to consent to the entry of any judgment against you or enter into any
settlement, arrangement or compromise, in each case without your consent, so long as such arrangement, judgment, settlement or compromise: (i) does not include an admission of your fault, (ii) is fully indemnifiable pursuant to this
Indemnification Agreement and pursuant to law and (iii) further provides, as an unconditional term thereof, the full release of you from all liability in respect of such proceeding. This paragraph shall not apply to a proceeding brought by you
under Section 8.7 below. 
 8.3    You will fully cooperate with the Company and/or any attorney as aforesaid in
every reasonable way as may be required of you within the context of their conduct of such legal proceedings, including but not limited to the execution of power(s) of attorney and other documents required to enable the Company or its attorney as
aforesaid to conduct your defense in your name, and to represent you in all matters connected therewith, in accordance with the aforesaid and will give the Company all information and access to documents, files and your advisors and representatives
as shall be within your power, in every reasonable way as may be required by the Company with respect to any such legal proceedings, provided that the Company shall cover all reasonable costs incidental thereto such that you will not be required to
pay the same or to finance the same yourself, and provided, further, that you shall not be required to take any action that would reasonably prejudice your defense in connection with any indemnifiable proceeding. 

  
 4 

 8.4    Notwithstanding the provisions of Sections 8.2 and 8.3 above,
(i) if in a proceeding to which you are a party by reason of your status as an Office Holder of the Company or any Subsidiary or Affiliate, the named parties to any such proceeding include both you and the Company or any Subsidiary or
Affiliate, and joint representation is inappropriate under applicable standards of professional conduct due to a conflict of interest or potential conflict of interest (including the availability to the Company and its Subsidiary or Affiliate, on
the one hand, and you, on the other hand, of different or inconsistent defenses or counterclaims) that exists between you and the Company, or (ii) if the Company fails to assume the defense of such proceeding in a timely manner, or
(iii) if the Company refers the conduct of your defense to an attorney who is not, upon reasonable grounds, acceptable to you, you shall be entitled to be represented by separate legal counsel, which may represent other persons similarly
situated, of the Company’s choice and reasonably acceptable to you and such other persons, at the sole expense of the Company. In addition, if the Company fails to comply with any of its material obligations under this Indemnification Agreement
or in the event that the Company or any other person takes any action to declare this Indemnification Agreement void or unenforceable, or institutes any action, suit or proceeding to deny or to recover from you the benefits intended to be provided
to you hereunder, except with respect to such actions, suits or proceedings brought by the Company that are resolved in favor of the Company, you shall have the right to retain counsel of your choice, reasonably acceptable to the Company and at the
expense of the Company, to represent you in connection with any such matter. 
 8.5    If, in accordance with
Section 8.2 (but subject to Section 8.4), the Company has taken upon itself the conduct of your defense, you shall have the right to employ counsel in any such action, suit or proceeding, who shall fully update, and be fully updated by,
the Company on the defense procedure and shall consult with, and be consulted with by, the Company and the attorney conducting the legal defense on behalf of the Company, but the fees and expenses of such counsel, incurred after the assumption by
the Company of the defense thereof, shall be at your expense and the Company will have no liability or obligation pursuant to this Indemnification Agreement or the above resolutions to indemnify you for any legal expenses, including any legal fees,
that you may incur in connection with your defense, unless the Company shall agree to such expenses; in which event all reasonable fees and expenses of your counsel shall be borne by the Company to the extent so agreed to by the Company. 

8.6    The Company will have no liability or obligation pursuant to this Indemnification Agreement to indemnify you for
any amount expended by you pursuant to any compromise or settlement agreement reached in any suit, demand or other proceeding as aforesaid without the Company’s consent to such compromise or settlement, which consent shall not be unreasonably
withheld. 
 8.7    The Board and/or applicable committee(s) thereof and/or any other person(s) authorized by the Board
will consider the request for indemnification and the amount thereof and will determine if you are entitled to indemnification and the amount thereof. In the event that you make a request for payment of an amount of indemnification hereunder or a
request for an advancement of indemnification expenses hereunder and the Company fails to timely determine your right to indemnification hereunder or fails to timely make such payment or advancement in whole or in part, you may request that a
determination with respect to your entitlement thereto shall be made in the specific case by an Independent Counsel agreed upon by the Company and you, and in the absence of such agreement, appointed by the head of the Israeli Bar Association. The
Company agrees to pay the reasonable fees of the Independent Counsel referred to above and to 

  
 5 

 
fully indemnify such counsel against any and all expenses, claims, liabilities and damages arising out of or relating to this Indemnification Agreement or its engagement pursuant hereto,
provided, however, that you shall reimburse the Company for any such fees, expenses, claims, liabilities and damages in the event the matter is resolved in favor of the Company. “Independent Counsel” means a law firm, or a member of
a law firm, that is experienced in matters of Israeli corporate law and neither presently is, nor in the past five years has been, retained to represent: (i) the Company, an “interested party” (as defined in the Companies Law) of the
Company or you in any matter material to either such party (other than in the capacity of Independent Counsel with respect to this Indemnification Agreement or similar indemnification agreements of the Company), or (ii) any other party to the
proceeding giving rise to a claim for indemnification hereunder. Notwithstanding the foregoing, the term “Independent Counsel” shall not include any person who, under the applicable standards of professional conduct then prevailing, would
have a conflict of interest in representing either the Company or you in an action to determine your rights under this Indemnification Agreement. 

8.8    Neither the Company nor any of its agents, employees, directors or officers shall make any statement to the public
or to any other person regarding any settlement of claims made pursuant to this Indemnification Agreement against you that would in any manner cast any negative light, inference or aspersion against you. 

8.9    By signing this Indemnification Agreement you hereby accept that you shall not make any statement to the public or
to any other person regarding any settlement of claims made pursuant to this Indemnification Agreement against you or the Company that would in any manner cast any negative light, inference or aspersion against the Company, and that you will keep
the terms of such settlement confidential. 
 9.    The Company hereby exempts you, to the fullest extent permitted by
law and the Articles of Association, from any liability for damages caused as a result of a breach of your duty of care to the Company, provided that in no event shall you be exempt with respect to any actions listed in Section 2
above or for a breach of your duty of care in connection with a Distribution (as defined in the Companies Law). 

10.    Subject to Section 20 below, if any act, resolution, approval or other procedure is required for the
validation of any of the undertakings in this Indemnification Agreement, the Company undertakes to cause them to be done or adopted in a manner which will enable the Company to fulfill all its undertakings as aforesaid. 

11.    To the fullest extent permitted by law and the Articles of Association (as stated above), nothing contained in this
Indemnification Agreement shall derogate from the Company’s right (but in no way shall the Company be obligated) to indemnify you post factum for any amounts which you may be obligated to pay as set forth in Section 1 above without
regard to the limitations set forth in Section 5 above. Your rights of indemnification hereunder shall not be deemed exclusive of any other rights you may have under the Articles of Association or applicable law or otherwise. 

12.    If any undertaking included in this Indemnification Agreement is held invalid or unenforceable, such invalidity or
unenforceability will not affect any of the other undertakings which will remain in full force and effect. Furthermore, if such invalid or unenforceable undertaking may be modified or amended so as to be valid and enforceable as a matter of law,
such undertaking will be deemed to have been modified or amended, and any competent court or arbitrator is hereby authorized to modify or amend such undertaking, so as to be valid and enforceable to the maximum extent permitted by law. 

  
 6 

 13.    This Indemnification Agreement and the agreements herein shall be
governed by and construed and enforced in accordance with the laws of the State of Israel, without regard to the rules of conflict of laws, and any dispute arising from or in connection with this Indemnification Agreement is hereby submitted to the
sole and exclusive jurisdiction of the competent courts in Tel Aviv, Israel. 
 14.    This Indemnification Agreement
cancels and replaces any preceding letter of indemnification or arrangement for indemnification that may have been issued to you by the Company. Notwithstanding the foregoing, the indemnification obligation set forth in this Indemnification
Agreement will also apply, subject to the terms, conditions and limitations set forth in this Indemnification Agreement, with respect to actions performed, or omissions committed, in your capacity as an Office Holder of the Company or a Subsidiary
or an Affiliate, during the period prior to the date of this Indemnification Agreement. 
 15.    Neither the settlement
nor termination of any proceeding nor the failure of the Company to award indemnification or to determine that indemnification is payable shall create an adverse presumption that you are not entitled to indemnification hereunder. In addition, the
termination of any proceeding by judgment or order (unless such judgment or order provides so specifically) or settlement shall not create a presumption that you did not act in good faith and in a manner which you reasonably believed to be in or not
opposed to the best interests of the Company or, with respect to any criminal action or proceeding, that you had reasonable cause to believe that your action was unlawful. 

16.    This Indemnification Agreement shall be (a) binding upon all successors and assigns of the Company (including
any transferee of all or a substantial portion of the business, stock and/or assets of the Company and any direct or indirect successor by merger or consolidation or otherwise by operation of law), and (b) binding on and shall inure to the
benefit of your heirs, personal representatives, executors and administrators. This Indemnification Agreement shall continue for your benefit and your heirs’, personal representatives’, executors’ and administrators’ benefit
after you cease to be an Office Holder of the Company. 
 17.    The obligations of the Company according to this
Indemnification Agreement shall be interpreted broadly and in a manner that shall facilitate its execution, to the extent permitted by law, and for the purposes for which it was intended. In the event of a conflict between any provision of this
Indemnification Agreement and any provision of the law which cannot be conditioned upon, changed or added to, the said provision of the law shall supersede the specific provision in this Indemnification Agreement, but shall not limit or diminish the
validity of the remaining provisions of this Indemnification Agreement. 
 18.    Subject to Section 20 below, the
Company hereby agrees to indemnify and exempt you to the fullest extent permitted by law, notwithstanding that such indemnification or exemption is not specifically authorized by the other provisions of this Indemnification Agreement. In the event
of any change after the date of this Indemnification Agreement in any applicable law, statute or rule which expands the right of an Israeli company to indemnify Office Holders, it is the intent of the parties hereto that you shall enjoy by this
Indemnification Agreement the greater benefits afforded by such change and such changes shall to the extent permitted by applicable law be, ipso facto, within the purview of your rights and the Company’s obligations pursuant to this
Indemnification Agreement. 

  
 7 

 19.    Subject to Section 5 above and notwithstanding anything else to
the contrary herein, in the event of any change in the Articles of Association after the date of this Indemnification Agreement which narrows the Company’s right to indemnify you under this Agreement, such change shall apply only with respect
to actions performed, or omissions committed, by you in your capacity as an Office Holder of the Company, of a Subsidiary or of an Affiliate, after the date of such change, to the extent permitted by applicable law. 

20.    Notwithstanding anything to the contrary herein, nothing in this Indemnification Agreement shall require or
obligate the Company to amend its Articles of Association, or take any action with respect thereto. 
 21.    No waiver
of any of the provisions of this Indemnification Agreement shall be deemed or shall constitute a waiver of any other provisions of this Indemnification Agreement (whether or not similar), nor shall such waiver constitute a continuing waiver. Any
waiver shall be in writing. 
 22.    All notices and other communications required or permitted under this
Indemnification Agreement shall be in writing, shall be effective (i) if mailed, three (3) business days after mailing (unless mailed abroad, in which case it shall be effective five (5) business days after mailing), (ii) if by air
courier, two (2) business days after delivery to the courier service, (iii) if sent by messenger, upon delivery, (iv) if sent via facsimile, upon transmission and electronic (or other) confirmation of receipt or (if transmitted and
received on a non-business day) on the first business day following transmission and electronic (or other) confirmation of receipt and (iv) if sent by email, on the date of transmission or (if transmitted
and received on a non-business day) on the first business day following transmission, except where a notice is received stating that such mail has not been successfully delivered. 

23.    This Indemnification Agreement shall continue in effect regardless of whether you continue to serve as an Office
Holder of the Company. 
 24.    This Indemnification Agreement may be executed in any number of counterparts, each of
which shall be deemed an original and enforceable against the parties actually executing such counterpart, and all of which together shall constitute one and the same instrument; it being understood that parties need not sign the same counterpart.
The exchange of an executed Agreement (in counterparts or otherwise) by facsimile or by electronic delivery in pdf format shall be sufficient to bind the parties to the terms and conditions of this Indemnification Agreement, as an original. 

The Board has determined, based on the current activity of the Company, that the amount stated in Section 5 is reasonable under the
circumstances, and that those events and circumstances specified in Schedule A are foreseeable in light of the Company’s activities as of the date hereof. 

Kindly sign and return the enclosed copy of this Indemnification Agreement to acknowledge your agreement to the contents hereof. 

[Signature Page to Follow] 

  
 8 

 
					
	Sincerely yours,	 	
	
	Teva Pharmaceutical Industries Ltd.
	
	  

					
	Name:	 	  
	 	

 
							
	Title:	 	  
	 		 	

  

	
	 Accepted and agreed
 as of the first date
written above:

	
	  

	Name:

 [signature page of the Indemnification and Release Agreement] 

  
 9 

 Schedule A 

All references in this schedule to the “Company” shall be deemed to refer to a Subsidiary or Affiliate as well, to the extent
that your service as an office holder, director, employee or board observer of the Subsidiary or Affiliate is at the request of the Company in the circumstances described in the preface of Section 1 to the Indemnification Agreement. 

1.    The offering of securities by the Company and/or by a shareholder to the public and/or to private investors or the
offer by the Company to purchase securities from the public and/or from private investors or other holders pursuant to a prospectus, agreement, notice, report, tender and/or other proceeding, whether in Israel, the United States or abroad; 

2.    Occurrences resulting from the Company’s public filings or omissions to make a public filing, delisting of
shares, or buy-back of Company’s securities; 
 3.    Occurrences in
connection with investments the Company make in other corporations whether before and/or after the investment is made, entering into the transaction, the execution, development and monitoring thereof, including without limitation, actions taken by
you in the name of the Company as an Office Holder and/or board observer of the corporation which is the subject of the transaction and the like; 

4.    The sale, purchase and holding of negotiable securities or other investments for or in the name of the Company; 

5.    Actions in connection with an actual or anticipated change in ownership, control or structure of the Company, its
reorganization, dissolution, including without limitation, a merger, sale or acquisition of shares, or change in capital; 

6.    Actions in connection with any actual or proposed transaction not in the ordinary course of business of the Company,
including without limitation, the sale, lease or purchase of any assets, subsidiary, operations and/or business, or part thereof, of the Company; 

7.    Actions concerning the approval of transactions of the Company with officers and/or directors and/or holders of
controlling interests in the Company, and any other transactions referred to in Section 270 of the Companies Law; 

8.    Without derogating from the generality of the above, actions in connection with the purchase or sale of companies,
legal entities, business, securities or assets, and the division or consolidation thereof, including without limitation, any Tender Offer, Forced Sale of Shares, Arrangement and Compromise (as such capitalized terms are defined in the Companies Law)
or any reorganization, merger or consolidation of whatever kind or nature within the meaning of any law applicable to such claim or demand; 

9.    Actions taken in connection with labor relations and/or employment matters in the Company and trade relations of the
Company, including without limitation, with employees, independent contractors, customers, suppliers and various service providers; 

  
 10 

 10.    Actions in connection with products or services developed and/or
commercialized by the Company, including without limitation, the performance of pre-clinical and clinical trials on such products, whether performed by the Company or by third parties on behalf of the Company,
and/or in connection with the certification, distribution, sale, license or use of such products, including without limitation in connection with professional liability and product liability claims and/or in connection with the procedure of
obtaining regulatory or other approvals regarding such products, whether in Israel or abroad and including without limitation, liabilities arising out of advertising or marketing, including without limitation, misrepresentations regarding the
Company’s products and unlawful distribution of emails; 
 11.    Actions taken in connection with the
intellectual property of the Company, and its protection, including without limitation, the registration or assertion of rights to intellectual property and the defense of claims related to intellectual property, including without limitation, any
assertion that the Company’s products violate, infringe, misappropriate or misuse the intellectual property rights of any third party; 

12.    Actions taken pursuant to or in accordance with the policies and procedures of the Company (including without
limitation, tax policies and procedures), whether such policies and procedures are published or not; 
 13.    Approval
of corporate actions, in good faith, including without limitation, the approval of the acts of the Company’s management, their guidance and their supervision; 

14.    Claims of failure to exercise business judgment and a reasonable level of proficiency, expertise and care in regard
of the Company’s business; 
 15.    Violations of laws requiring the Company to obtain regulatory and governmental
licenses, permits and authorizations in any jurisdiction; 
 16.    Claims in connection with publishing or providing
any information, including without limitation, any filings with governmental authorities, on behalf of the Company in the circumstances required under applicable laws; 

17.    Any claim or demand made under any securities laws of any jurisdiction or by reference thereto, or related to the
failure to disclose any information in the manner or time such information is required to be disclosed pursuant to any securities authority or any stock exchange disclosure or other rules, or any other claims relating to relationships with
investors, debt holders, shareholders and the investment community; or related to inadequate or improper disclosure of information to investors, debt holders, shareholders and the investment community, claims relating to or arising out of financing
arrangements, any breach of financial covenants or other obligations towards lenders or debt holders of the Company, class actions, violations of laws requiring the Company to obtain regulatory and governmental licenses, permits and authorizations
in any jurisdiction; actions taken in connection with the issuance of any type of securities of Company, including without limitation, the grant of options to purchase any of the same, or related to the purchase, holding or disposition of securities
of the Company or any other investment activity involving or effected by such securities, including, without limitation, any offering of the Company’s securities to private investors or to the public, and listing of such securities, or the
offer by the Company to purchase securities from the public or from private investors or other holders, and any undertakings, representations, warranties and other obligations related to any such offering, listing or offer or to the Company’s
status as a public company or as an issuer of securities; 

  
 11 

 18.    Any claim or demand made by any lenders or other creditors or for
monies borrowed by, or other indebtedness of, the Company; 
 19.    Any claim or demand made directly or indirectly in
connection with complete or partial failure, by the Company, or their respective directors, officers and employees, to pay, report, keep applicable records or otherwise, any state, municipal, federal, county, local, city or foreign taxes or other
mandatory payments of any nature whatsoever, including, without limitation, income, sales, use, transfer, excise, value added, registration, severance, stamp, occupation, customs, duties, real property, personal property, capital stock, social
security, unemployment, disability, payroll or employee withholding or other withholding, including without limitation, any interest, penalty or addition thereto, whether disputed or not; 

20.    Any claim or demand arising out of dealings by the Company with third parties, including without limitation,
agents, employees, customers, suppliers, creditors or others; 
 21.    Any claim or demand arising out of presentations
or reports submitted or delivered (or not submitted or delivered) to shareholders (whether current or prospective), customers or creditors of the Company or to any governmental entity or agency, including without limitation, relevant securities
authorities or commissions; 
 22.    Any claim or demand made by purchasers, holders, lessors or other users of
products of the Company, or individuals treated with or exposed to such products, for damages or losses related to such use or treatment; 

23.    Review, approval and actions taken in connection with the financial and tax reports of the Company, including
without limitation, any action, consent or approval related to or arising from the foregoing, including without limitation, execution of certificates for the benefit of third parties related to the financial statements; 

24.    Claims in connection with anti-competitive laws and regulations and laws and regulation of commercial wrongdoing;

 25.    Claims in connection with breach of confidentiality obligations, acts in regard of invasion of privacy,
including with respect to databases, and acts in connection with slander and defamation; 
 26.    Claims or demands
made by any third party suffering any personal injury and/or bodily injury and/or property damage to business or personal property through any act or omission attributed to the Company, or its employees, agents or other persons acting or allegedly
acting on their behalf; 
 27.    Any administrative, regulatory or judicial actions, orders, decrees, suits, demands,
demand letters, directives, claims, liens, investigations, proceedings or notices of noncompliance or violation by any governmental entity, including without limitation, the Office of the Chief Scientist or the Investments Center of the Israeli
Ministry of Industry, Trade and Labor, the Israeli Antitrust Authority, the Israel Securities Authority, the United States Securities and Exchange Commission, or other person alleging the failure to comply with any statute, law, ordinance, rule,
regulation, 

  
 12 

 
order or decree of any governmental entity applicable to the Company, or any of its businesses, subsidiaries, assets or operations, or the terms and conditions of any operating certificate or
licensing agreement; 
 28.    Any action or decision regarding Distribution; 

29.    An announcement, a statement, including without limitation, a position taken, or an opinion made in good faith by
an Office Holder in the course of his duties and in conjunction with his duties, including without limitation, during a meeting of the Board or one of the committees of the Board; 

30.    An act or omission undertaken in contradiction to the Company’s Memorandum of Association or Articles of
Association; 
 31.    Any action or decision in relation to work safety and/or working conditions; 

32.    An act or omission undertaken in negotiating, signing and performing an insurance policy or any claim relating to a
failure to maintain appropriate insurance and/or adequate safety measures; 
 33.    Any claim or demand made by a
customer, supplier, contractor or other third party transacting any form of business with the Company, in the ordinary course of their business, relating to the negotiations or performance of such transaction, or representations or inducements
provided in connection therewith or otherwise. 
 34.    Any administrative, regulatory, civil or judicial actions,
orders, decrees, suits, demands, demand letters, directives, claims, liens, investigations, proceedings or notices of noncompliance or violation by any governmental entity or other person alleging potential responsibility or liability (including
without limitation, potential responsibility or liability for costs of enforcement, investigation, cleanup, governmental response, removal or remediation, for natural resources damages, property damage, personal injuries, or penalties or for
contribution, indemnification, cost recovery, compensation, or injunctive relief) arising out of, based on or related to (x) the presence of release, spill, emission, leaking, dumping, pouring, deposit, disposal, discharge, leaching or
migration into the environment (each a “Release”) or threatened Release of, or exposure to, any hazardous, toxic, explosive or radioactive substances, wastes or other pollutants and all other substances or wastes of any nature regulated
pursuant to any environmental law, at any location, whether or not owned, operated, leased or managed by the Company, or any of its subsidiaries, or (y) circumstances forming the basis of any violation of any environmental law, environmental
permit, license, registration or other authorization required under applicable environmental and/or public health law. 

  
 13

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