SEC Contract Filing

Filing Date: 2015-02-19

Document Content:
<DOCUMENT>
<TYPE>EX-10.63
<SEQUENCE>7
<FILENAME>agnex106320141231.htm
<DESCRIPTION>EXHIBIT 10.63
<TEXT>
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<a name="sCC91F72440E896EF2FFC9EA348FD53F5"></a><div></div><br><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">EXHIBIT 10.63</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:98.83040935672514%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td width="88%"></td><td width="12%"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:13px;"><img src="offerimage2.gif" style="height:20px;width:121px;"></div><div style="font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></td><td rowspan="2" style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:13px;"><img src="offerimage1.gif" style="height:56px;width:66px;"></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:13px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">_________________________________________________________________________________</font></div><div style="padding-bottom:13px;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;color:#808080;">2525 Dupont Drive, P.O. Box 19534, Irvine, CA 92623-9534 Telephone: (714) 246-2600 Fax: (714) 246-5918</font></div><div style="font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;color:#808080;">David E.I. Pyott</font></div><div style="font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;color:#808080;">Chairman of the Board</font></div><div style="font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;color:#808080;">and Chief Executive Officer</font></div><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;">August 15, 2014</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;">James M. Hindman</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;">Allergan, Inc.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;">Hand Delivered</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;">Dear Mr. Hindman:</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;">It is my pleasure to present you with this offer for the position of Executive Vice President, Finance and Business Development, Chief Financial Officer, reporting to me. This offer and its associated compensation package have been approved by the Allergan Board of Directors and, if accepted by you, will be effective as of August 18, 2014 (the &#8220;Effective Date&#8221;).</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;">The specifics of the offer are as follows: </font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">Base Salary </font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;">Beginning on the Effective Date, your base salary will be $550,000 annualized, paid in accordance with Allergan&#8217;s customary payroll practices. This includes a promotional increase to reflect your responsibilities as our Chief Financial Officer. </font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">Salary Review</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;">An annual salary and performance review will be conducted in February of each year. Salary adjustments for the offered position are subject to review and approval by the Allergan Board of Directors. </font><font style="font-family:Arial;font-size:12pt;color:#0000ff;">&#32;</font></div><div style="line-height:120%;t