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 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 director (the “Director”) to whom the Restricted Stock Units have been awarded,
other specific details of the award, and the electronic acceptance of the Certificate at the website of Smith Barney
are incorporated herein by reference.
W I T N E S S E T H:
WHEREAS, the Board of Directors of the Company (the “Board”) has authorized and approved the Par
Pharmaceutical Companies, Inc. Amended and Restated 1997 Directors’ Stock and Deferred Fee Plan (the
“Plan”), which has been approved by the stockholders of the Company;
WHEREAS, the Plan provides for the annual grant of restricted Stock Units (“Restricted Stock Units”)
to Directors of the Company who are not employees of the Company or any of its subsidiaries, having an
aggregate Fair Market Value, determined as of the Date of Grant, equal to One Hundred Thousand Dollars
WHEREAS, pursuant to the Plan, the award to the Eligible Director of Restricted Stock Units is subject
to the terms and conditions specified on the Certificate and as set forth in the Plan and in this Agreement; and
WHEREAS, capitalized terms not otherwise defined herein shall have the meanings assigned to them
under the Plan.
NOW, THEREFORE, the parties, intending to be legally bound, agree as follows:
Grant of Restricted Stock Units .
Subject to the terms and conditions hereinafter set forth and set forth in the Plan, the
Company grants to the Eligible Director that number of Restricted Stock Units (the “Units”) as specified on the
Certificate, which represent an equivalent number of sh