EXECUTIVE EMPLOYMENT AGREEMENT
This Executive Employment Agreement (the “Agreement”), is dated as of June 29, 2004, by and between
Mylan Laboratories Inc. (“Mylan” or “Company”) and Margaret A. McKenna (“Executive”).
WHEREAS, the Company wishes to employ Executive as Chief Business Development Officer; and
WHEREAS, Executive desires to assist the Company in said capacity;
In consideration of the promises and mutual obligations of the parties contained herein, and for other valuable
considerations, the receipt and sufficiency of which are hereby acknowledged, Mylan and Executive agree as
1. Employment of Executive. Mylan agrees to employ Executive as Chief Business Development Officer, and
Executive accepts employment by Mylan during the term of this Agreement for the consideration and on the
terms and conditions provided herein. Executive will report to the President of Mylan or as otherwise designated
by Mylan’s Chief Executive Officer.
2. Effective Date: Term of Employment. This Agreement shall commence and be effective for all purposes as
of the date hereof and shall remain in effect through July 1, 2007, unless earlier terminated, or extended or
renewed, as provided in Section 9 of this Agreement.
3. Best Efforts. During the Term of this agreement, Executive shall devote her full working time and attention
to the business and affairs of Mylan and the performance of her duties hereunder, serve Mylan faithfully and to
the best of her ability, and use her best efforts to promote Mylan’s interests. During the term of this Agreement,
Executive agrees to promptly and fully disclose to Mylan, and not to divert to Executive’s own use or benefit or
the use or benefit of others, any business opportunities involving any existing or prospective line of business,
supplier, product or activity of Mylan or any business opportunities which otherwise should rightfully be afforded
4. Executive’s Compensation.