Company: AZN
Filing Date: 2025-06-26
Form Type: 11-K
Source: 0001683168-25-004771
Chunk: 9

Company: ASTRAZENECA PLC
Filing Date: 2025-06-26
Form: 11-K
Chunk 9
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. These events may include, but are not limited to, the
redemption of all or a portion of the interests in the Fund at the direction of the Plan Sponsor (including partial termination of the
Plan), withdrawals due to the removal of a specifically identifiable group of employees from coverage under the Plan (such as a group
layoff or early retirement incentive program), the closing or sale of a subsidiary or unit, the bankruptcy or insolvency of the Plan
Sponsor, or if the terms of a successor plan (in the event of the spin-off or sale of a division) do not meet the contract issuer’s
underwriting criteria for issuance of a clone contract. The events described above that could result in the payment of benefits at fair
value rather than at contract value are not currently probable of occurring.

In addition, certain events allow the issuer to terminate
the contract with the Plan and settle at an amount different from contract value. Examples of such events include the Plan’s loss
of its qualified status, material breaches of contractual obligations that are not cured, delivery of any communication to plan participants
to influence a participant not to invest in the Stable Value option, the issuer’s determination that the agreement constitutes
a nonexempt prohibited transaction as defined under ERISA, a material and adverse change to the provisions of the Plan, or termination
of the Plan. Stable Value fund options are designed to provide a stable return while avoiding negative returns and striving to maintain
liquidity for participant initiated transactions and safety of principal. Stable Value fund options typically invest in a diversified
portfolio of high-quality bonds, either directly or indirectly through commingled investment vehicles, which can provide greater diversification
than can be achieved by investing in individual bonds. If one of these events were to occur, the contract issuer could terminate the
contract at the market value of the underlying investments (or in the case of a traditional GIC, at the hypothetical market value based
upon a contractual formula).

| 4. | Fair Value Measurements: |

The Financial
Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 820, Fair Value Measurement,establishes a framework
for measuring fair value and enhances disclosures about fair value measurements. That framework provides a fair value hierarchy that prioritizes
the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in
active markets for identical assets or liabilities (Level 1measurements) and the lowest priority to unobservable inputs (Level