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Cephalon Launches Recommended Takeover Bid For Australian Biopharmaceutical Company, ChemGenex Pharmaceuticals Limited
Date:3/28/2011

$150,000 (other than to replace on substantially similar terms, including as to remuneration and benefits, a person who has ceased to be an employee of any member of the ChemGenex Group);(J)

does any of the following:(aa)

makes any change in the basis or amount of the remuneration of, or otherwise varies in any material respect the employment or appointment arrangements of, any employee or director, other than in the ordinary course of business and consistent with past practice;(bb)

accelerates the rights of any director or employee to compensation or benefits of any kind;(cc)

pays any bonus or pays or provides any termination, retention or retirement payment or other benefit to any director or employee, except as required by law, in accordance with the terms of an agreement disclosed to Cephalon CXS prior to the Announcement Date or in accordance with any entitlement under the terms of any superannuation, provident or retirement scheme in effect as at the Announcement Date; or (dd)

enters into, or makes any amendment to, any deed of indemnity, access and insurance (or similar arrangement) in favour of any director or employee;(K)

does any of the following:(aa)

licenses any of its intellectual property to any person other than a member of the ChemGenex Group;(bb)

enters into any agreement pursuant to which it agrees to undertake any research and development for any person other than a member of the ChemGenex Group; or(cc)

takes a licence of intellectual property of any person other than a member of the ChemGenex Group; or(L)

discloses the existence of any matter described in sub-paragraphs (A) to (K) above, or agrees, offers or authorises, or announces any intention or proposal, to do anything described in sub-paragraphs (A) to (K) above, except to the extent fully and accurately announced by ChemGenex to the ASX prior to the Announcement Date.(v)

ExclusionsNone of paragraphs (i) to (iv) sh
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SOURCE Cephalon, Inc.; ChemGenex Pharmaceuticals Limited
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