BIOVAIL CORPORATION NON-EXECUTIVE CHAIRMAN AND BIOVAIL LABORATORIES INTERNATIONAL SRL PRESIDENT AGREEMENTValeant Pharmaceuticals International • June 23rd, 2010 • Pharmaceutical preparations • Ontario
WHEREAS Mr. Wells previously entered into an Executive Employment Agreement with the Corporation, dated May 1, 2008 (the “Employment Agreement”);
BIOVAIL CORPORATION EMPLOYMENT AGREEMENTEmployment Agreement • June 23rd, 2010 • Valeant Pharmaceuticals International • Pharmaceutical preparations • New Jersey
THIS EMPLOYMENT AGREEMENT (the “Agreement”) is hereby entered into as of June 20, 2010 by and between Biovail Corporation (the “Company”), Biovail Laboratories International SRL (“BLS”) and J. Michael Pearson, an individual (the “Executive”) (hereinafter collectively referred to as “the parties”) and shall be effective as of the “Effective Date” (as hereinafter defined).
