SEC Contract Filing

Filing Date: 2020-11-05

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>2
<FILENAME>d175316dex102.htm
<DESCRIPTION>EX-10.2
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<TITLE>EX-10.2</TITLE>
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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.2 </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>AWARD AGREEMENT </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Award Agreement (this&nbsp;&#147;<U>Agreement</U>&#148;), is made effective as of [&#149;], between Teva Pharmaceutical Industries
Limited (the&nbsp;&#147;<U>Company</U>&#148;) and [&#149;] (the&nbsp;&#147;<U>Participant</U>&#148;). Capitalized terms used and not otherwise defined herein shall have the meanings assigned thereto in the Company&#146;s 2020 Long-Term Equity-Based
Incentive Plan (the&nbsp;&#147;<U>Plan</U>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to Sections&nbsp;6, 7 and 8 of the Plan, the Company hereby grants to the
Participant as of the Grant Date (as defined below) the number of Options, Restricted Share Units (&#147;<U>RSUs</U>&#148;) and Performance Share Units (&#147;<U>PSUs</U>&#148;) (Options, RSUs and PSUs are collectively and individually referred to
herein as&nbsp;&#147;<U>Awards</U>&#148;) set forth below, subject to the terms and conditions contained herein and in the appendices attached hereto, as well as the terms and conditions of the Plan and the compensation policy for executive officers
and directors, as may be amended from time to time, as may be amended from time to time at the Company&#146;s sole discretion, which are incorporated herein in their entirety. All dollar amounts in this Agreement are in U.S. dollars. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="middle">Total Fair Value of the Award:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">$[&#149;]</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
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<TD VALIGN="middle">Fair Value of each RSU:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">$[&#149;]</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="middle">Fair Value of each PSU:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">$[&#149;]</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="middle">Fair Value of each Option:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">$[&#149;]</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="middle">RSUs Granted:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">[&#149;], which represents approximately <B>[</B><B>&#149;</B><B>] </B>of the Total Fair Value of the Award divided by the Fair Value of each RSU, rounded down to the nearest whole number.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
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<TD VALIGN="middle">Target Number of PSUs Granted:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">[&#149;], which represents approximately <B>[</B><B>&#149;</B><B>] </B>of the Total Fair Value of the Award divided by the Fair Value of each
PSU, rounded down to the nearest whole number.</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">The Target Number of PSUs Granted
represents the number of PSUs that would be earned, subject to vesting, if the Company were to achieve the target level of the PSU Performance Objectives and the target Relative TSR Modifier during the PSU Performance Period. The number of PSUs
earned, if any, is subject to an increase or decrease based on the Company&#146;s actual achievement of the PSU Performance Objectives during the PSU Performance Period, as modified by the Relative TSR Modifier, and may range from
<B>[</B><B>&#149;</B><B>] </B>to<B> [</B><B>&#149;</B><B>] </B>of the Target Number of PSUs Granted.</P></TD></TR></TABLE>
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<TD VALIGN="middle">Options Granted:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">[&#149;], which represents approximately [&#149;] of the Total Fair Value of Award divi