Exhibit 10.23
CATALENT PHARMA SOLUTIONS,
INC.
AMENDED SUMMARY OF MANAGEMENT
INCENTIVE PLAN
This Amended Summary of Management
Incentive Plan replaces, in its entirety, the Summary of Management
Incentive Plan set forth in Exhibit 10.24 to Catalent Pharma
Solutions, Inc.’s Amendment No. 1 to the Registration
Statement on Form S-4/A filed on March 3, 2008.
Catalent Pharma Solutions, Inc. (the
“Company”) has a management incentive plan (the
“Plan”) for its eligible employees, which is not set
forth in a written agreement.
The primary purpose of the Plan is
to focus management on key measures that drive financial
performance and provide competitive bonus opportunities tied to the
achievement of the Company’s financial and strategic growth
objectives.
Under the MIP, the Compensation
Committee of the board of directors of the Company (the
“Administrator”), or such other authorized officers of
the Company that are delegated authority under the Plan by the
Administrator, designates and determines which employees are
eligible to participate in the MIP. Eligibility is based on
employees who are in positions to make significant contributions to
the overall growth, and/or profitability of the Company or one of
its subsidiaries or business segments. All named executive
officer
