Letter Agreement Renewing Employment Agreement Between Endo Pharmaceuticals Inc. and David A. H. Lee, M.D., PhD.
This letter agreement, dated January 1, 2005, is between Endo Pharmaceuticals Inc. and Dr. David A. H. Lee. It renews Dr. Lee's existing employment agreement for an additional year, extending his employment period until December 31, 2005. All other terms and conditions of the original employment agreement remain unchanged. The renewal is effective upon Dr. Lee's acceptance and signature.
Exhibit 10.29.1
| January 1, 2005 |
David A. H. Lee, M.D., PhD.
100 Painters Drive
Chadds Ford, PA 19317
Dear David:
Reference is hereby made to that certain amended and restated employment agreement, dated as of September 1, 2002 (as amended, the “Employment Agreement”), between you and Endo Pharmaceuticals Inc. (the “Company”). Terms used but not defined in this letter shall have the meanings ascribed to them in the Employment Agreement.
Pursuant to Section 2.2 of the Employment Agreement, the Company hereby informs you that it wishes to renew the Employment Agreement for an additional period of one year. If you are in agreement, the Employment Period shall now cease on December 31, 2005, unless otherwise modified in accordance with the terms of the Employment Agreement.
All other terms and conditions of the Employment Agreement shall remain in full force and effect. If you are in agreement with this renewal, which shall be effective as of the date first above written, please execute below.
| Sincerely, | ||
| /s/ Carol A. Ammon | ||
| Carol A. Ammon Chairman & Chief Executive Officer |
ACCEPTED AND AGREED THIS 21st DAY OF JANUARY 2005:
/s/ David A. H. Lee
David A. H. Lee, M.D., PhD.
