PAR PHARMACEUTICAL COMPANIES, INC.
TERMS OF RESTRICTED STOCK UNIT AWARD
This document sets forth the terms of the award of Restricted Stock Units (as defined in Section 1
below) granted by PAR PHARMACEUTICAL COMPANIES, INC. (the “Company”) pursuant to a
Certificate of Restricted Stock Units (the “Certificate”) displayed at the website of Smith Barney Benefits
Access® (“Smith Barney”). The Certificate, which specifies the person to whom the Restricted Stock Units have
been awarded (the “Participant”), other specific details of the award, and the electronic acceptance of the
Certificate at the website of Smith Barney, are incorporated herein by reference.
WHEREAS, the Board of Directors (the “Board”) of the Company has authorized and approved the Par
Pharmaceutical Companies, Inc. 2004 Performance Equity Plan (the “Plan”), which has been approved by the
stockholders of the Company;
WHEREAS, the Plan, in part, provides for the grant of Restricted Stock Units to certain employees of
the Company and any Subsidiary of the Company;
WHEREAS, pursuant to the Plan, the Committee has approved an award to the Participant of Restricted
Stock Units, designated in the Certificate, on the terms and conditions set forth in the Plan and in these Terms.
Capitalized terms used but not defined in these Terms shall have the meanings set forth in the Plan.
NOW, THEREFORE, the parties, intending to be legally bound, agree as follows:
Grant of Restricted Stock Units .
As of the Grant Date set forth in the Certificate, the Company grants to the Participant
the number of Restricted Stock Units set forth in the Certificate (the “Units”), which represent shares of the
Company’s common stock (“Shares”). The Units are subject to the restrictions set forth in Section 2 of these
Terms and the applicable provisions of the Plan.
The Units granted under these Terms shall be reflected in a bookkeeping account
maintained by the Company during the Restricted Perio