Company: AZN
Filing Date: 2025-06-26
Form Type: 11-K
Source: 0001683168-25-004771
Chunk: 5

Company: ASTRAZENECA PLC
Filing Date: 2025-06-26
Form: 11-K
Chunk 5
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 service credits allocated to a participant for a plan year determined
as of December 31 of the prior plan year. A participant shall receive one point for each year of attained age and one point for each
completed year of points service. A participant shall also receive one point for full months of attained age and completed service that
aggregate 12. During 2024, the specific employer contribution percentage was determined by the basis of the participant’s points
for the Plan year as set forth in the following chart:

| Basic contributions | Participant’s points |
| 5%                  | Less than 40 points  |
| 6%                  | 40 to 59 points      |
| 7%                  | 60 to 79 points      |
| 8%                  | 80 or more points    |

The
amount of contributions is subject to the limitations imposed by the Internal Revenue Code (“IRC”). Both employee and Company
contributions are allocated to each participant account. Participants direct the investment of their employee and Company contributions
into the various investment options offered by the Plan.

Each
participant’s account is adjusted periodically to reflect his or her allocated portion of participant and Company contributions
and investment earnings or losses. Investment earnings or losses allocated to each participant’s account are based on the portion
of income and expenses and gains and losses of each investment in which the assets represented by the participant’s account are
invested.

Vesting:

As it
relates to AZ Retirement Company Contributions for eligible participants, a participant who is credited with at least one hour of service
on or after January 1, 2007 becomes fully vested in his or her AZ Retirement Company Contributions after the completion of three years
of service. All other participants are immediately vested in their contributions and all Company matching contributions, plus actual
earnings thereon. If a participant is involuntarily terminated as a result of a Company restructuring, layoff or job elimination, their
account will become fully (100%) vested if they would have otherwise become fully vested under the terms of the Plan no later than the
six month anniversary of the date of their involuntary termination.

The
Plan allows plan loans pursuant to Section 408(b)(l) of ERISA and the regulations thereunder. The maximum loan amount is the lesser of
50% of a participant’s account balance or $50,000, excluding any amounts in the AZ Retirement Company Contributions and reduced
by the participant’s highest outstanding plan loan balance over the previous 12 months. The minimum loan amount