EXHIBIT 10.21
MEDICIS PHARMACEUTICAL CORPORATION
2004 STOCK INCENTIVE PLAN
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TABLE OF CONTENTS
MEDICIS PHARMACEUTICAL CORPORATION
2004 STOCK INCENTIVE PLAN
SECTION 1. PURPOSE
The purpose of this Plan is to promote the interests of Medicis Pharmaceutical Corporation (the "Company") by
granting Awards to the officers, employees, directors and consultants of the Company and its Subsidiaries in
order to (a) attract and retain officers, employees, directors and consultants of outstanding ability; (b) provide an
additional incentive to selected individuals to work to increase the value of the Stock; and (c) provide each such
individual with a stake in the future of the Company which corresponds to the stake of each of the Company's
shareholders.
SECTION 2. DEFINITIONS
Each term set forth in this Section 2 shall have the meaning set forth opposite such term for purposes of this Plan
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SECTION 1. PURPOSE................................................. 1
SECTION 2. DEFINITIONS............................................. 1
SECTION 3. SHARES SUBJECT TO AWARDS................................ 3
SECTION 4. EFFECTIVE DATE; APPROVAL OF SHAREHOLDERS................ 3
SECTION 5. ADMINISTRATION.......................................... 4
SECTION 6. ELIGIBILITY............................................. 4
SECTION 7. AWARDS.................................................. 4
SECTION 8. OPTIONS................................................. 4
SECTION 9. RESTRICTED STOCK........................................ 5
SECTION 10. PERFORMANCE SHARES AND PERFORMANCE CASH BONUSES.......... 6
SECTION 11. ADJUSTMENT............................................... 7
SECTION 12. AMENDMENT OR TERMINATION................................. 7
SECTION 13. SPECI