Mylan Inc. Director Compensation Policy (February 2009)

Summary

This document outlines the compensation policy for non-employee directors of Mylan Inc. as of February 2009. Non-employee directors receive $75,000 annually, with additional fees for committee chairpersons and members. The Chairman, Milan Puskar, receives an extra $200,000 per year. Directors are reimbursed for meeting-related expenses and may be granted stock options or other awards at the Board's discretion under the company's Long-Term Incentive Plan.

EX-10.32 15 l35088aexv10w32.htm EX-10.32 EX-10.32

Exhibit 10.32

Director Compensation as of February 2009

Non-employee directors of Mylan Inc. receive $75,000 per year in cash compensation for their service on the Board. In addition, Milan Puskar receives an additional $200,000 per year for his service as Chairman. Non-employee directors are also reimbursed for actual expenses relating to meeting attendance.

In addition:

	•		The Chairperson of the Audit Committee receives an additional fee of $15,000 per year;

	•		The Chairperson of the Compensation Committee receives an additional fee of $10,000 per year;

	•		The Chairpersons of the Finance Committee, the Governance and Nominating Committee, and the Compliance Committee each receive an additional fee of $5,000 per year; and

	•		Each Committee member receives an additional fee of $2,500 per year, for each Committee on which they serve.

Non-employee directors, at the discretion of the full Board, are eligible to receive stock options or other awards under Mylan’s 2003 Long-Term Incentive Plan.