0000950123-10-042805 Sample Contracts

HERBALIFE LTD. 2005 STOCK INCENTIVE PLAN INDEPENDENT DIRECTORS STOCK APPRECIATION RIGHT AGREEMENT

Independent Directors Stock Appreciation Right Agreement • May 3rd, 2010 • Herbalife Ltd. • Wholesale-drugs, proprietaries & druggists' sundries

• Contract Type
  Independent Directors Stock Appreciation Right Agreement
• Filed
  May 3rd, 2010
• Company
  Herbalife Ltd.
• Industry
  Wholesale-drugs, proprietaries & druggists' sundries

This Independent Directors Stock Appreciation Right Agreement (this “Agreement”) dated as of , 20 (the “Grant Date”) between Herbalife Ltd., an entity organized under the laws of the Cayman Islands (the “Company”), and [DIRECTOR] (“Participant”).