SEC Contract Filing

Filing Date: 2015-05-08

Document Content:
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<TYPE>EX-10.4
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<FILENAME>d899396dex104.htm
<DESCRIPTION>EX-10.4
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<TITLE>EX-10.4</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.4 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EXECUTIVE EMPLOYMENT </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AGREEMENT BY AND BETWEEN </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>HORIZON PHARMA, INC., HORIZON PHARMA USA, INC. AND </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>BRIAN BEELER </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This
Executive Employment Agreement (hereinafter referred to as the <B><I>&#147;Agreement&#148;</I></B>), is entered into by and between Horizon Pharma, Inc., a Delaware corporation, and its wholly owned subsidiary, Horizon Pharma USA, Inc., a Delaware
corporation, each having a principal place of business at 520 Lake Cook Road, Suite 520, Deerfield, IL 60015, (hereinafter referred to together as the <B><I>&#147;Company&#148;</I></B>) and Brian Beeler (hereinafter referred as to the
<B><I>&#147;Executive&#148;</I></B>). The terms of this Agreement shall be effective commencing May&nbsp;7, 2015 (the &#147;<B><I>Effective Date</I></B>&#148;) </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>RECITALS </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>,
the Company desires assurance of the continued association and services of the Executive in order to continue to retain the Executive&#146;s experience, skills, abilities, background and knowledge, and is willing to continue to engage the
Executive&#146;s services on the terms and conditions set forth in this Agreement; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS,</B> Executive desires to be in the
continued employ of the Company, and is willing to accept such continued employment on the terms and conditions set forth in this Agreement. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AGREEMENT </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>1.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Employment</B>.<B> </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>1.1 Term</B>. The Company hereby agrees to continue to employ the
Executive, and the Executive hereby accepts continued employment by the Company, upon the terms and conditions set forth in this Agreement. The Executive originally commenced employment with the Company in January 2013. Executive&#146;s employment
shall be governed under the terms set forth in this Agreement beginning on the Effective Date and shall continue until it is terminated pursuant to Section&nbsp;4 herein (hereinafter referred to as the <B><I>&#147;Term&#148;</I></B>). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>1.2 Title</B>. From and after the Effective Date the Executive will have the title of Executive Vice President, General Counsel (such
position held by Executive during such period is hereinafter referred to as <B><I>&#147;EVP GC&#148;</I></B><I>) </I>and Executive shall continue to serve in such other capacity or capacities commensurate with his position as EVP GC as the President
and CEO of the Company may from time to time prescribe. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>1.3 Duties. </B>The Executive shall do and perform all services, acts or
things necessary or advisable to manage and conduct the business of the Company and shall have the authority and responsibilities which are generally associated with the position of EVP GC including being responsible for the Company&#146;s legal
affairs and compliance. The Executive shall report to the President and CEO. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>1.4 Policies and Practices.</B> The employment relationship between the Parties shall be
governed by this Agreement and the policies and practices established by the Company and the Board of Directors (hereinafter referred to as the <B><I>&#147;Board&#148;</I></B>). In the event that the terms of this Agreement differ from or are in
conflict with the Company&#146;s policies or practices or the Company&#146;s Employee Handbook, this Agreement shall control. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>1.5
Location</B>. The Executive shall perform the services the Executive is required to perform pursuant to this Agreement in the headquarters office for the Company in the Deerfield, Illinois area. The Company may from time to time require the
Executive to travel temporarily to other locations outside of the Deerfield, Illinois area in connection with the Company&#146;s business. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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