Exhibit 10.29
Private & Confidential
Full Name
September 18, 2017
Special Award
Dear Name,
There are numerous reasons to believe in Teva and they start with people like you who are loyal, dedicated and professional. We are committed to maintaining a strong focus on our people, enhancing professional and leadership capabilities, while embracing a diverse range of perspectives.
We would like to recognize the critical role you play in Teva and to ensure your continued valuable contribution to the company’s future.
Therefore, we are pleased to inform you that you have been selected by the Teva Executive Committee (TEC) to receive aone-time Special Award.
The Special Award has a total value of approximatelyNIS _________ divided among the following three components:
NIS _________ in cash(pre-tax),_________Options and_________RSUs*.
50% of the award shall vest inSeptember 2018; and 50% of the award shall vest inSeptember 2019.
* | Number of Options and RSUs were determined based on the fair values of Options and RSUs as of August 11, 2017 ($5.47 and $16.5 respectively) and the average FX rate of August 2017. Please note that the fair value on grant date may differ and the final value of Options and RSUs on grant date shall be computed based on the number of units listed above. |
The Special Award is subject to the terms and conditions set forth in the attached document, “Conditions for Special Award.”
We strongly believe in the company and in your contribution to its success. We look forward to your continued commitment towards Teva’s short and long-term strategic goals.
Sincerely,
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Dr. Sol J. Barer Chairman of the Board of Directors | | Dr. Yitzhak Peterburg Interim President and Chief Executive Officer |