Pension Plan (2003)Full Document 

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                                 ALLERGAN, INC.

                                  PENSION PLAN

RESTATED
2003



                                TABLE OF CONTENTS



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ARTICLE I
INTRODUCTION ..........................................................................      1

1.1        Plan Name ..................................................................      1
1.2        Plan Purpose ...............................................................      1
1.3        Effective Date of 2003 Restated Plan .......................................      1
1.4        Amendments to Plan .........................................................      1
1.5        Plan Qualification .........................................................      2

ARTICLE II
DEFINITIONS ...........................................................................      3

2.1        Accrued Benefit ............................................................      3
2.2        Active Participant .........................................................      3
2.3        Actuarial Equivalent .......................................................      3
2.4        Affiliated Company .........................................................      3
2.5        Age ........................................................................      3
2.6        Annuity Starting Date ......................................................      3
2.7        Average Earnings ...........................................................      3
2.8        Beneficiary ................................................................      4

2.9        Benefit Year ...............................................................      4
2.10       Board of Directors .........................................................      4
2.11       Code .......................................................................      4
2.12       Committee ..................................................................      4
2.13       Company ....................................................................      4
2.14       Earnings ...................................................................      4
2.15       Effective Date .............................................................      5
2.16       Eligibility Computation Period .............................................      5
2.17       Eligible Employee ..........................................................      6
2.18       Eligible Retirement Plan ...................................................      6
2.19       Eligible Rollover Distribution .............................................      7
2.20       Employee ...................................................................      7
2.21       Employment Commencement Date ...............................................      8
2.22       ERISA ......................................................................      8
2.23       Fund .......................................................................      8
2.24       Highly Compensated Employee ................................................      8
2.25       Hour of Service ............................................................      9
2.26       Investment Manager .........................................................      9
2.27       Leased Employee ............................................................      9
2.28       Normal Retirement Date .....................................................      9
2.29       Participant ................................................................     10
2.30       Period of Severance ........................................................     10




                                TABLE OF CONTENTS



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2.31       Plan .......................................................................     10
2.32       Plan Administrator .........................................................     10
2.33       Plan Year ..................................................................     10
2.34       Primary Social Security Benefit ............................................     10
2.35       Qualified Joint and Survivor Annuity .......................................     10
2.37       Severance ..................................................................     11
2.38       Severance Date .............................................................     11
2.39       Single Life Annuity ........................................................     12
2.40       SKB Plan ...................................................................     12
2.41       Special Retirement Eligibility Date ........................................     12
2.42       Spin-Off Date ..............................................................     12
2.43       Sponsor ....................................................................     12
2.44       Trust ......................................................................     12
2.45       Trustee ....................................................................     12
2.46       Vesting Year ...............................................................     12

ARTICLE III
PARTICIPATION .........................................................................     14

3.1        Participation for the 2003 Plan Year and thereafter ........................     14
3.2        Participation for the 2002 Plan Year .......................................     14
3.3        Participation prior to the 2002 Plan Year ..................................     14

ARTICLE IV
ACCRUAL OF BENEFITS ...................................................................     15

4.1        Accrued Benefit Formula ....................................................     15
4.2        Minimum Accrued Benefit ....................................................     15
4.3        Accrued Benefit for Participants with Earnings in excess of $150,000
              prior to January 1, 1994 ................................................     15
4.4        Accrued Benefit for Participants Participating in the
              Voluntary Early Retirement Incentive Program ............................     16
4.5        Temporary Supplemental Monthly Benefit for Participants Participating in the
              Voluntary Early Retirement Incentive Program ............................     16

ARTICLE V
BENEFITS ..............................................................................     18

5.1        Normal Retirement ..........................................................     18
5.2        Postponed Retirement .......................................................     18
5.3        Early Retirement ...........................................................     18
5.4        Termination of Employment ..................................................     20
5.5        Consent to Pension Payments ................................................     21

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