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Exhibit 10.15
EXHIBIT D TO THE RESTRICTED STOCK UNIT AWARD GRANT
NOTICE
TERMS AND CONDITIONS
ADDENDUM FOR EMPLOYEES IN FRANCE
May 2008
Pursuant to the Restricted Stock Unit
Award Grant Notice to which this addendum is attached (the “
Grant Notice ”), Allergan, Inc. (the “
Company ”) granted to the participant specified
on the Grant Notice (“ Participant ”) an
award of restricted stock units (the “ Restricted Stock
Units ”) under the Allergan, Inc. 2008 Incentive
Award Plan (the “ Plan ”), subject
to a general set of terms and conditions attached as
“Exhibit A” to the Grant Notice (the “
Terms ”), the terms and conditions of the Grant
Notice and the Plan, and the terms and conditions set forth in this
addendum. The provisions of this addendum form an integral part of
the Terms. The provisions of the Plan, the Grant Notice and the
Terms that do not contradict the provisions of this addendum shall
remain applicable.
Capitalized terms not specifically
defined herein shall have the meanings specified in the Plan or, if
not defined therein, the Terms.
| 1. |
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Permanent and Total Disability . For the purposes of
Section 2.3 of the Terms, “permanent and total
disability” means disability of the second or third category,
as determined in accordance with Article L 341-1 of the French
Social Security Code. |
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| 2. |
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Vesting . Notwithstanding anything to the contrary in
the Plan, the Grant Notice or the Terms, in no event shall any
Restricted Stock Units vest prior to the first day of the second
calendar year following the Date of Grant specified on the Grant
Notice. |
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| 3. |
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Delivery of Shares . Notwithstanding anything to the
contrary in Section 2.4 of the Terms, in no event shall any
shares of Stock underlying the Restricted Stock Units be
distributed to Participant (or in the event of Participant’s
death, to his or her estate) prior to the second anniversary of the
Date of Grant specified on the Grant Notice (the “
Delivery Date ”). |
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| 4. |
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Holding Period . Participant shall not sell, pledge,
assign or transfer any shares of Stock acquired pursuant to the
Restricted Stock Units prior to the earlier of (i) the second
anniversary of the Delivery Date or (ii) Participant’s
death or disability of second or third category, as determined in
accordance with Article L 341-1 of the French Social Security
Code (hereafter the & |
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