Valeant Pharmaceuticals International Restricted Stock Unit Award Grant Notice (2006 Equity Incentive Plan)

Summary

Valeant Pharmaceuticals International is granting a Restricted Stock Unit (RSU) Award to a participant under its 2006 Equity Incentive Plan. The award covers a specified number of company shares, which will fully vest either in one year or at the next annual meeting, whichever comes first. The agreement outlines the terms and conditions of the award, and the participant acknowledges receipt and acceptance of these terms. This document, along with the attached Award Agreement and the Plan, represents the complete understanding between the participant and the company regarding this stock award.

EX-10.1 2 a32673exv10w1.htm EXHIBIT 10.1 exv10w1

Exhibit 10.1

Valeant Pharmaceuticals International
Restricted Stock Unit Award Grant Notice
(2006 Equity Incentive Plan)

Valeant Pharmaceuticals International (the “Company”), pursuant to Section 6(b) of the Company’s 2006 Equity Incentive Plan (the “Plan”), hereby awards to Participant a Restricted Stock Unit Award covering the number of shares of the Company’s Common Stock set forth below (the “Award”). This Award will be evidenced by a Restricted Stock Unit Award Agreement (the “Award Agreement”). This Award is subject to all of the terms and conditions as set forth herein and in the applicable Award Agreement and the Plan, both of which are incorporated herein in their entirety. The Award Agreement is attached hereto and the Plan may be found on the Human Resources page of the Company’s corporate intranet at http://valeantvision.com/departments/GA/public/HR/HRHome.jspf. Capitalized terms not otherwise defined herein shall have the meanings set forth in the Plan or the Award Agreement. In the event of any conflict between the terms in the Award and the Plan, the terms of the Plan shall control.


Participant:
Date of Grant:
Vesting Commencement Date:
Number of Shares Subject to Award:
Consideration:
Fair Market Value per Share:


Vesting Schedule: The shares of Common Stock subject to this Award will vest in accordance with the following schedule:


100% on the earlier of one year or the next annual meeting.

Additional Terms/Acknowledgements: The undersigned acknowledges receipt of, and understands and agrees to, this Restricted Stock Unit Award Grant Notice, the Restricted Stock Unit Award Agreement and the Plan. Participant further acknowledges that as of the Date of Grant, this Restricted Stock Unit Award Grant Notice, the Restricted Stock Unit Award Agreement and the Plan set forth the entire understanding between Participant and the Company regarding the acquisition of shares of Common Stock of the Company and supersede all prior oral and written agreements on that subject with the exception of (i) Awards previously granted and delivered to Participant under the Plan, and (ii) the following agreements only:


Other Agreements:


Valeant Pharmaceuticals International		Participant:

By:
	Signature	Signature


Title:						Date:


Date:


Attachment: Restricted Stock Unit Award Agreement