Amendment to Alpharma Inc. Non-Employee Director Option Plan
This amendment updates the Alpharma Inc. Non-Employee Director Option Plan, effective June 22, 2006. It delegates authority to the executive management Benefits Committee to make administrative amendments that do not affect company costs or benefits, and to the Compensation Committee for other amendments that do not significantly change benefit amounts. The Board of Directors retains authority over amendments that significantly alter benefits or are legally required. The amendment is signed by Alpharma Inc. on October 23, 2006.
AMENDMENT TO THE
ALPHARMA INC. NON-EMPLOYEE DIRECTOR OPTION PLAN
1. Section 13 of the Plan is hereby amended by adding the following to the end thereof:
"Notwithstanding the foregoing, the Board of Directors has delegated to the executive management Benefits Committee the authority to adopt administrative amendments to the Plan, provided, that such amendments do not involve a change in the costs or liability of the Company or alter the benefits payable thereunder. The Board of Directors has delegated to the Compensation Committee the authority to adopt all other amendments to the Plan, provided, that such amendments do not significantly increase or decrease benefit amounts, or are required to be adopted by the Board of Directors under the Code or the regulations thereunder. The Board of Directors retains the authority to adopt amendments to the Plan that significantly increase or decrease benefit amounts, or are required to be adopted by the Board of Directors under the Code or regulations thereunder."
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| /s/ George P. Rose | October 23, 2006 |
| ALPHARMA INC. | DATE |
