Company: ABBV
Filing Date: 2025-06-13
Form Type: 11-K
Source: 0001104659-25-059360
Chunk: 5

Company: AbbVie Inc.
Filing Date: 2025-06-13
Form: 11-K
Chunk 5
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 not affirmatively enrolled in the
Plan and elected a specified contribution type and percentage or who have not opted out of automatic contributions, will be automatically
enrolled in the Plan to contribute 3% of their pre-tax earnings.

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AbbVie Savings Plan

NOTES TO FINANCIAL STATEMENTS - CONTINUED

December 31, 2024 and 2023

NOTE A - DESCRIPTION OF THE PLAN - Continued

Contributions and Vesting - Continued

Employer matching contributions to the Plan are
made each payroll period based on the participating employees’ eligible earnings. Catch-up contributions are not eligible for matching
contributions. The amount of the employer matching contribution for participants not covered by ASP+ is determined by the Board of Directors
of AbbVie and, for the year ended December 31, 2024, was 5% of the participant’s eligible earnings if the employee elected to contribute
at least 2% to the Plan. For participants covered by ASP+, contributions are matched dollar for dollar up to 6% of the participant’s
eligible earnings.

In addition, ASP+ participants receive an annual
employer contribution if the ASP+ participant is employed by AbbVie on the last day of the Plan year or separated from employment during
the Plan year due to death or qualifying retirement. The annual employer contribution is equal to a percentage of eligible compensation
based on each eligible ASP+ participant’s age plus years of credited service according to the following schedule:

| Age + Years of Credited Service (whole years) |     | Contribution Percentage |   |   |
| Less than 30                                  |     |                         | 2 | % |
| 30-39                                         |     |                         | 3 | % |
| 40-49                                         |     |                         | 4 | % |
| 50-59                                         |     |                         | 5 | % |
| 60-69                                         |     |                         | 6 | % |
| 70 or more                                    |     |                         | 7 | % |

Employer contributions are invested according to the employee’s
investment elections.

The Plan offers a variety of investment options,
including AbbVie common shares. AbbVie was established by the January 1, 2013 separation of Abbott Laboratories (“Abbott”)
into two publicly traded companies. The separation was a tax-free distribution where Abbott shareholders received one share of AbbVie
stock for every share of Abbott held