Employment contract dated October 5,  1989  between

Apothekernes Laboratorium A.S (transferred to Alpharma  Oslo  per

the combination transaction) and Ingrid Wiik was filed as Exhibit

10.20  to  the Company's 1994 Annual Report on Form 10-K  and  is

incorporated by reference.

 

 

Ms. Wiik is a party to an employment agreement with the Company dated

October 26, 2000. This agreement provides that the Company shall provide Ms.

Wiik with, or reimburse her for, the use of an automobile in the United States

and in Norway, plus reimbursement for garaging, insurance and auto maintenance.

Ms. Wiik participates in all of the employee benefits available to executives of

the Company (including life insurance, disability insurance, health and medical

insurance, 401(k) Savings Plan, Employee Stock Purchase Plan, paid vacation and

tax and financial services planning) except the Company's Pension Plan (defined

below). Upon retirement, Ms. Wiik is entitled to receive a defined retirement

benefit that is primarily based on a percentage of her base salary for twelve

months prior to her retirement. (See "Retirement Plans" for further

information.)

 

Ms. Wiik, Messrs. Nestor, Wrobel, and Farrell and Ms. Wrenn receive

additional benefits pursuant to the Company's Severance Plan and Change in

Control Plan, both adopted by the Board of Directors in 2002 (the "Severance

Plan" and "Change In Control Plan", respectively).

 

     Pursuant to the terms of the Severance Plan and the Change in Control Plan,

in the event Ms. Wiik is terminated for any reason other than for cause, she is

entitled to receive her base salary, bonus and certain benefits for twenty-four

months and if she is terminated as a result of a change in control of the

Company, she is entitled to receive her salary and certain benefits for

thirty-six months, subject to certain tax limitations.

 

     Additionally, the Severance Plan and the Change in Control Plan provide

that in the event that an Executive Officer, including Messrs. Nestor, Wrobel,

and Farrell and Ms. Wrenn, (i) is terminated for any reason other than for

cause, such Executive Officer is entitled to receive his or her base salary,

bonus and certain benefits for eighteen months and (ii) is terminated as a

result of a change in control of the Company, such executive officer is entitled

to receive his or her base salary and certain benefits for thirty months,

subject to certain tax limitations.

 

     The Severance Plan and the Change in Control Plan also provide for payments

to be made to certain other key employees of the Company in the event of

termination for any reason other than for cause or as a result of a change in

control of the Company.