Summary of Cash Compensation for Dr. Hahn as Andrx Corporation Board Member
Andrx Corporation's Compensation Committee decided that Dr. Elliot F. Hahn, Chairman Emeritus and current director, will receive the same cash compensation as other non-management directors for his service on the board. Dr. Hahn will also continue to receive benefits specified in a prior Employment Cessation Agreement dated November 15, 2004.
Exhibit 10.106
Summary Discussion of Dr. Hahn Cash Compensation as a Board Member
On December 12, 2005, the Compensation Committee of the Board of Directors (“Board”) determined that Elliot F. Hahn, Ph.D., Andrx Corporation (“Andrx”) Chairman Emeritus and a current director, shall receive cash compensation for his service as a director commensurate with those amounts received by Andrx’s other non-management directors for his/her service as an Andrx director.
Dr. Hahn shall continue to receive the benefits he receives as outlined in Section 2(b) of the Employment Cessation Agreement dated November 15, 2004.
