Summary of RSU Grant to Named Executive Officers of Andrx Corporation (April 14, 2005)

Summary

This document summarizes the grant of Restricted Stock Units (RSUs) awarded on April 14, 2005, to key executives of Andrx Corporation and its subsidiary. The recipients include the CEO, President, EVP and General Counsel, and the President of Andrx Pharmaceuticals, Inc. Each executive received a specified number of RSUs as part of long-term performance and incentive awards. The summary outlines the total RSUs granted to each executive, reflecting their compensation and incentive arrangements for the period.

EX-10.98 2 g94614exv10w98.htm SUMMARY OF RSU AWARDS `Summary of RSU Awards  

         

Exhibit 10.98

Summary of RSU Grant to Named Executive Officers
April 14, 2005

                         
                    Total RSUs  
    Long-Term     Performance-     Awarded on  
Named Executive Officer   Incentive Award     Based Award     April 14, 2005  
Thomas P. Rice
Andrx Corporation CEO
    40,000       10,000       50,000  
 
                       
Angelo C. Malahias
Andrx Corporation President
    25,000       6,250       31,250  
 
                       
Scott Lodin
Andrx Corporation EVP and General Counsel
    20,000       5,000       25,000  
 
                       
Lawrence Rosenthal,
Andrx Pharmaceuticals, Inc. President
    20,000       5,000       25,000