SEC Contract Filing

Filing Date: 2015-03-02

Document Content:
<DOCUMENT>
<TYPE>EX-10.236
<SEQUENCE>28
<FILENAME>ex10236psuassumedoff-cycle.htm
<DESCRIPTION>PSU AGREEMENT ASSUMED PLAN NON-ANNUAL
<TEXT>
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<a name="s4C8D71D589FB54F768DFCCF5B0BE122F"></a><div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Exhibit 10.236</font></div><div style="line-height:120%;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><br><div style="line-height:120%;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Grant No.: </font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">ENDO INTERNATIONAL PLC</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">PERFORMANCE AWARD AGREEMENT </font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">This Performance Award Agreement (this &#8220;Award Agreement&#8221;) is made and entered into as of the date of grant set forth below (the &#8220;Date of Grant&#8221;) by and between Endo International plc, an Irish public limited company (the &#8220;Company&#8221;), and the participant named below (the &#8220;Participant&#8221;). Capitalized terms not defined herein shall have the meanings ascribed to them in the Company's Amended and Restated Assumed Stock Incentive Plan (the &#8220;Plan&#8221;). Where the context permits, references to the Company shall include any successor to the Company. </font></div><div style="line-height:120%;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Name of Participant:&#160;&#160;&#160;&#160; </font></div><div style="line-height:120%;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Total Number of Restricted Stock Units Underlying the Target Performance Award: </font></div><div style="line-height:120%;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Date of Grant:&#160;&#160;&#160;&#160; </font></div><div style="line-height:120%;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:144px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">Performance Period:</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The period beginning on Date of Grant and ending on the third anniversary of the Date of Grant. </font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:144px;text-indent:-144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Vesting Date: [third anniversary of the Date of Grant]</font></div><div style="line-height:120%;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">1.&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Grant of Performance Awards</font><font style="font-family:inherit;font-size:12pt;">. The Company hereby grants to the Participant the total number of restricted stock units set forth above (the &#8220;Performance Award&#8221;), subject to all of the terms and conditions of this Award Agreement and the Plan. </font></div><div style="line-height:120%;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2. &#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Form of Payment and Vesting</font><font style="font-family:inherit;font-size:12pt;">. The Performance Award shall represent the right to receive, on the first business day following the last day of the Performance Period (the &#8220;Vesting Date&#8221;), if and to the extent that the Committee (or such individuals or entity designated by the Committee) determines that a number of shares of Common Stock equal to a multiple of the Total Target Performance Award (as set forth above), as determined in accordance with Exhibit A hereto have been earned, and except as provided in Paragraph 4 of this Award Agreement, provided that the Participant is employed by the Company or one of its Subsidiaries through the Vesting Date. Notwithstanding the above, earned shares of Common Stock shall be treated as delivered on the first business day following the Vesting Date (the &#