Pdl Biopharma – PDL BIOPHARMA, INC. 2012 Long-Term Incentive Plan (July 29th, 2011)
This 2012 Long-Term Incentive Plan (the "Plan") is intended to enhance stockholder value by promoting a connection between the performance of PDL BioPharma, Inc. (the "Company") and the compensation of personnel of the Company and retaining high performing personnel. This Plan is envisioned to be the first long-term incentive plan in a series of long-term incentive plans, each plan overlapping the previous plan and having a subsequent vesting date to provide maximum continuity and retention effects. The Plan will be administered by the Compensation Committee of the Board of Directors of the Company (the "Committee"). The Committee shall have all powers and discretion necessary to administer the Plan and to control its operation, and may delegate any and all such powers and discretion to any officer of the Company. The Plan is effective as of January 1, 2011 (the "Effective Date"), and will fully vest on December 31, 2012 (the "Vesting Period"). The Plan will terminate when all pay
Pdl Biopharma – January 6, 2011 Dear Caroline: (January 25th, 2011)
On behalf of PDL BioPharma, Inc. ('PDL' or 'we'), I am pleased to extend to you an employment offer for the position of Vice President of Finance and Principal Accounting Officer reporting to PDL's Chief Financial Officer (the 'CFO'). Your employment with PDL will begin on January 17, 2011 (the 'Employment Date').