Document:

EX-10.20.C

Exhibit 10.20
(c)

AMENDMENT NO. 2 TO

RETIREMENT BENEFIT AGREEMENT

               THIS AMENDMENT TO THE RETIREMENT BENEFIT AGREEMENT (this “Amendment”) by and between Mylan
Inc. (the “Company”) and Robert J. Coury (“Executive”), is made as of December 22, 2008.

               WHEREAS, the Company and Executive are parties to that certain Retirement Benefit Agreement
dated as of December 31, 2004 and amended on April 3, 2006 (the “Agreement”); and

               WHEREAS, the Company and Executive wish to further amend the Agreement as set forth below to
comply with Section 409A of the Internal Revenue Code;

               NOW, THEREFORE, the Agreement is hereby amended as follows:

	1.	 	Sections 3.2 and 4.2 of the Agreement are hereby deleted in their entirety and Section 4.3 is
hereby renumbered as Section 4.2.

	2.	 	The last sentence of Section 7.1 of the Agreement is hereby deleted and replaced with the
following:

In no case shall Executive be required to devote in excess of twenty (20) hours a month
to the provision of consulting services hereunder; provided, further,
that the level of consulting services provided by Executive to the Company shall be not
more than 20% of the average level of services provided by Executive to the Company over
the thirty-six month period preceding Executive’s Retirement.

	3.	 	Section X of the Agreement is hereby deleted in its entirety and replaced with the following:

Conditions to Payment and Acceleration; Section 409A of the Code. The intent of
the parties is that payments and benefits under this Agreement comply with Section 409A
of the Code to the extent subject thereto, and, accordingly, to the maximum extent
permitted, this Agreement shall be interpreted and administered to be in compliance
therewith. Notwithstanding anything contained herein to the contrary, to the extent
required in order to avoid accelerated taxation and/or tax penalties under Section 409A
of the Code, Executive shall not be considered to have terminated employment with the
Company for purposes of this Agreement and no payments shall be due to Executive under
this Agreement until Executive would be considered to have incurred a “separation from
service” from the Company within the meaning of Section 409A of the Code. For purposes
of this Agreement, each amount to be paid or benefit to be provided shall be construed
as a separate identified payment for purposes of Section 409A of the Code, and any
payments described in this Agreement that are due within the “short term deferral
period” within the meaning of Section 409A of the Code shall not be treated as deferred
compensation unless applicable law requires otherwise. To the extent required in order
to avoid accelerated taxation

 

 

and/or tax penalties under Section 409A of the Code, amounts that would otherwise be
payable and benefits that would otherwise be provided pursuant to this Agreement during
the six-month period immediately following Executive’s termination of employment shall
instead be paid on the first business day after the date that is six months following
Executive’s termination of employment (or death, if earlier). To the extent required to
avoid an accelerated or additional tax under Section 409A of the Code, amounts
reimbursable to Executive under this Agreement shall be paid to Executive on or before
the last day of the year following the year in which the expense was incurred and the
amount of expenses eligible for reimbursement (and in-kind benefits provided to
Executive) during any one year may not effect amounts reimbursable or provided in any
subsequent year; provided, however, that with respect to any
reimbursements for any taxes which Executive would become entitled to under the terms of
the Agreement, the payment of such reimbursements shall be made by the Company no later
than the end of the calendar year following the calendar year in which Executive remits
the related taxes.

	4.	 	This Amendment shall be governed by, interpreted under and construed in accordance with the
laws of the Commonwealth of Pennsylvania.

	5.	 	Except as modified by this Amendment, the Agreement is hereby confirmed in all respects.

          IN WITNESS WHEREOF, this Amendment has been duly executed and delivered as of the date and the
year first written above.

	 	 	 	 	 
	 

	 	MYLAN INC.	 	 
	 
	 	 	 	 
	 

	 	/s/ Rodney L. Piatt
	 	 
	 

	 	 	 	 
	 

	 	By: Rodney L. Piatt	 	 
	 

	 	Title: Chairman, Compensation Committee	 	 
	 
	 	 	 	 
	 

	 	/s/ Robert J. Coury	 	 
	 

	 	 	 	 
	 

	 	Robert J. Coury	 	 

2EX-10.21(C)

Exhibit 10.21
(c)

AMENDMENT NO. 2 TO

RETIREMENT BENEFIT AGREEMENT

               THIS AMENDMENT TO THE RETIREMENT BENEFIT AGREEMENT (this “Amendment”) by and between Mylan
Inc. (the “Company”) and Edward J. Borkowski (“Executive”), is made as of December 22, 2008.

               WHEREAS, the Company and Executive are parties to that certain Retirement Benefit Agreement
dated as of December 31, 2004 and amended on April 3, 2006 (the “Agreement”); and

               WHEREAS, the Company and Executive wish to further amend the Agreement as set forth below to
comply with Section 409A of the Internal Revenue Code;

               NOW, THEREFORE, the Agreement is hereby amended as follows:

	1.	 	Sections 3.2 and 4.2 of the Agreement are hereby deleted in their entirety and Section 4.3 is
hereby renumbered as Section 4.2.

	2.	 	The last sentence of Section 7.1 of the Agreement is hereby deleted and replaced with the
following:

In no case shall Executive be required to devote in excess of twenty (20) hours a month
to the provision of consulting services hereunder; provided, further,
that the level of consulting services provided by Executive to the Company shall be not
more than 20% of the average level of services provided by Executive to the Company over
the thirty-six month period preceding Executive’s Retirement.

	3.	 	Section X of the Agreement is hereby deleted in its entirety and replaced with the following:

Conditions to Payment and Acceleration; Section 409A of the Code. The intent of
the parties is that payments and benefits under this Agreement comply with Section 409A
of the Code to the extent subject thereto, and, accordingly, to the maximum extent
permitted, this Agreement shall be interpreted and administered to be in compliance
therewith. Notwithstanding anything contained herein to the contrary, to the extent
required in order to avoid accelerated taxation and/or tax penalties under Section 409A
of the Code, Executive shall not be considered to have terminated employment with the
Company for purposes of this Agreement and no payments shall be due to Executive under
this Agreement until Executive would be considered to have incurred a “separation from
service” from the Company within the meaning of Section 409A of the Code. For purposes
of this Agreement, each amount to be paid or benefit to be provided shall be construed
as a separate identified payment for purposes of Section 409A of the Code, and any
payments described in this Agreement that are due within the “short term deferral
period” within the meaning of Section 409A of the Code shall not be treated as deferred
compensation unless applicable law requires otherwise. To the extent required in order
to avoid accelerated taxation and/or tax penalties under Section 409A of the Code,
amounts that would otherwise

 

 

be payable and benefits that would otherwise be provided pursuant to this Agreement
during the six-month period immediately following Executive’s termination of employment
shall instead be paid on the first business day after the date that is six months
following Executive’s termination of employment (or death, if earlier). To the extent
required to avoid an accelerated or additional tax under Section 409A of the Code,
amounts reimbursable to Executive under this Agreement shall be paid to Executive on or
before the last day of the year following the year in which the expense was incurred and
the amount of expenses eligible for reimbursement (and in-kind benefits provided to
Executive) during any one year may not effect amounts reimbursable or provided in any
subsequent year; provided, however, that with respect to any
reimbursements for any taxes which Executive would become entitled to under the terms of
the Agreement, the payment of such reimbursements shall be made by the Company no later
than the end of the calendar year following the calendar year in which Executive remits
the related taxes.

	4.	 	This Amendment shall be governed by, interpreted under and construed in accordance with the
laws of the Commonwealth of Pennsylvania.

	5.	 	Except as modified by this Amendment, the Agreement is hereby confirmed in all respects.

          IN WITNESS WHEREOF, this Amendment has been duly executed and delivered as of the date and the
year first written above.

	 	 	 	 	 
	 

	 	MYLAN INC.	 	 
	 
	 	 	 	 
	 

	 	/s/ Rodney L. Piatt
	 	 
	 

	 	 	 	 
	 

	 	By: Rodney L. Piatt	 	 
	 

	 	Title: Chairman, Compensation Committee	 	 
	 
	 	 	 	 
	 

	 	/s/ Edward J. Borkowski
	 	 
	 

	 	 	 	 
	 

	 	Edward J. Borkowski	 	 

2EX-10.25(D)

Exhibit 10.25
(d)

AMENDMENT NO. 3 TO

TRANSITION AND SUCCESSION AGREEMENT

               THIS AMENDMENT TO THE TRANSITION AND SUCCESSION AGREEMENT (this “Amendment”) by and between
Mylan Inc. (the “Company”) and Robert J. Coury (the “Executive”), is made as of December 22, 2008.

               WHEREAS, the Company and the Executive are parties to that certain Transition and Succession
Agreement dated as of December 15, 2003 and amended on December 2, 2004 and April 3, 2006 (the
“Agreement”); and

               WHEREAS, the Company and Executive wish to further amend the Agreement as set forth below to
comply with Section 409A of the Internal Revenue Code;

               NOW, THEREFORE, the Agreement is hereby amended as follows:

	1.	 	The following sentence is hereby added to the end of Section 3(a) of the Agreement:

Notwithstanding the above, to the extent the Executive is terminated (i) prior to the
date on which a Change of Control occurs, (ii) following a Change of Control but prior
to a change in ownership or control of the Company within the meaning of Section 409A of
the Internal Revenue Code of 1986, as amended (the “Code”), or (iii) more than two years
following a Change in Control but prior to a change in ownership or control of the
Company within the meaning of Section 409A of the Code, amounts payable to the Executive
hereunder, to the extent not in excess of the amount that the Executive would have
received under any other pre-Change-of-Control severance plan or arrangement with the
Company had such plan or arrangement been applicable, shall be paid at the time and in
the manner provided by such plan or arrangement and the remainder shall be paid to the
Executive in accordance with the provisions of this Section 3(a).

	2.	 	In the first sentence of Section 3(a)(ii) of the Agreement, the phrase “In addition, for the
remainder of the calendar year in which the Executive ceases to be employed by the Company and
the Affiliated Companies, and during the two succeeding calendar years,” is hereby deleted in
its entirety and replaced with the following phrase:

“In addition, for a period of three years after the date on which the Executive ceases
to be employed by the Company and the Affiliated Companies,”

	3.	 	The last sentence (set forth below) of Section 3(a)(ii) of the Plan is hereby deleted in its
entirety.

Upon publication of final treasury regulations under Section 409A of the Code, the
Company and the Executive shall consider in good faith amendments to Section 3(a)(ii)
which (i) are consistent with such final regulations and (ii) cause this Section

 

 

3(a)(ii) to be as consistent as practicable with the last sentence of Section 3(a) of
the Agreement as in effect prior to this Amendment No. 2 to the Agreement.

	4.	 	The following shall be added as a new Section 9(f):

Conditions to Payment and Acceleration; Section 409A of the Code. The intent of
the parties is that payments and benefits under this Agreement comply with Section 409A
of the Code to the extent subject thereto, and, accordingly, to the maximum extent
permitted, this Agreement shall be interpreted and administered to be in compliance
therewith. Notwithstanding anything contained herein to the contrary, to the extent
required in order to avoid accelerated taxation and/or tax penalties under Section 409A
of the Code, the Executive shall not be considered to have terminated employment with
the Company for purposes of this Agreement and no payments shall be due to the Executive
under this Agreement until the Executive would be considered to have incurred a
“separation from service” from the Company within the meaning of Section 409A of the
Code. For purposes of this Agreement, each amount to be paid or benefit to be provided
shall be construed as a separate identified payment for purposes of Section 409A of the
Code, and any payments described in this Agreement that are due within the “short term
deferral period” within the meaning of Section 409A of the Code shall not be treated as
deferred compensation unless applicable law requires otherwise. To the extent required
in order to avoid accelerated taxation and/or tax penalties under Section 409A of the
Code, amounts that would otherwise be payable and benefits that would otherwise be
provided pursuant to this Agreement during the six-month period immediately following
the Executive’s termination of employment shall instead be paid on the first business
day after the date that is six months following the Executive’s termination of
employment (or death, if earlier). To the extent required to avoid an accelerated or
additional tax under Section 409A of the Code, amounts reimbursable to the Executive
under this Agreement shall be paid to the Executive on or before the last day of the
year following the year in which the expense was incurred and the amount of expenses
eligible for reimbursement (and in-kind benefits provided to the Executive) during any
one year may not effect amounts reimbursable or provided in any subsequent year;
provided, however, that with respect to any reimbursements for any taxes
which the Executive would become entitled to under the terms of the Agreement, the
payment of such reimbursements shall be made by the Company no later than the end of the
calendar year following the calendar year in which the Executive remits the related
taxes.

	5.	 	This Amendment shall be governed by, interpreted under and construed in accordance with the
laws of the Commonwealth of Pennsylvania.

	6.	 	Except as modified by this Amendment, the Agreement is hereby confirmed in all respects.

[SIGNATURES FOLLOW]

2

 

     IN WITNESS WHEREOF, this Amendment has been duly executed and delivered as of the date and the
year first written above.

	 	 	 	 	 
	 

	 	MYLAN INC.	 	 
	 
	 	 	 	 
	 

	 	/s/ Rodney L. Piatt
	 	 
	 

	 	 	 	 
	 

	 	By: Rodney L. Piatt	 	 
	 

	 	Title: Chairman, Compensation Committee	 	 
	 
	 	 	 	 
	 

	 	/s/ Robert J. Coury
	 	 
	 

	 	 	 	 
	 

	 	Robert J. Coury	 	 

3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00153-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00153-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00153-of-00352.parquet"}]]