Exhibit 10.1

HEWLETT PACKARD ENTERPRISE COMPANY
2015 STOCK INCENTIVE PLAN
(amended and restated January 25, 2017)

1.     Purposes of the Plan.

The purpose of this Plan is to encourage ownership in the Company by key
personnel whose long-term employment is considered essential to the Company’s
continued progress and, thereby, encourage recipients to act in the
shareholders’ interest and share in the Company’s success and to provide an
opportunity for cash awards to incentivize or reward employees.

2.      Definitions.

As used herein, the following definitions shall apply:

(a)    “Administrator” means the Board, any Committee or such delegates as shall
be administering the Plan in accordance with Section 4 of the Plan.

(b)    “Affiliate” means any entity that is directly or indirectly controlled by
the Company or any entity in which the Company has a significant ownership
interest as determined by the Administrator provided that the entity is one with
respect to which Common Stock will qualify as “service recipient stock” under
Code Section 409A.

(c)    “Annual Cash Retainer” shall mean the amount which a Non-Employee
Director will be entitled to receive in the form of cash for serving as a
director in a relevant Director Plan Year, including the aggregate amount of
annual cash retainer fees, fees associated with service on committees of the
Board or attendance at meetings of the Board or applicable committees of the
Board, and any other cash compensation or fees with respect to any other
services to be provided to the Company or the Board, including but not limited
to Board leadership services.

(d)    “Annual Equity Retainer” shall mean the amount which a Non-Employee
Director will be entitled to receive in the form of equity for serving as a
director in a relevant Director Plan Year, but shall not include reimbursement
for expenses, fees associated with service on any committee of the Board, an
Annual Cash Retainer or any other cash compensation (whether or not payable in
Shares at the election of the Non-Employee Director), or fees with respect to
any other services to be provided to the Company or the Board, including but not
limited to Board leadership services.

(e)    “Applicable Laws” means the requirements relating to the administration
of stock incentive plans under U.S. federal and state laws, any stock exchange
or quotation system on which the Company has listed or submitted for quotation
the Common Stock to

1

--------------------------------------------------------------------------------

the extent provided under the terms of the Company’s agreement with such
exchange or quotation system and, with respect to Awards subject to the laws of
any foreign jurisdiction where Awards are granted under the Plan, the laws of
such jurisdiction related to securities and exchange control requests for share
offerings.

(f)    “Award” means a Cash Award, Stock Award, Stock Appreciation Right,
Option, or Converted Award granted in accordance with the terms of the Plan.

(g)    “Awardee” means an individual who has been granted an Award under the
Plan or any person (including any estate) to whom an Award has been assigned or
transferred as permitted hereunder.

(h)    “Award Agreement” means a Cash Award Agreement, Stock Award Agreement,
SAR Agreement and/or Option Agreement, which may be in written or electronic
format, in such form and with such terms as may be specified by the
Administrator, evidencing the terms and conditions of an individual Award. Each
Award Agreement is subject to the terms and conditions of the Plan. An Award
Agreement may be in the form of either (i) an agreement to be either executed by
both the Awardee and the Company or offered and accepted electronically as the
Administrator shall determine or (ii) certificates, notices or similar
instruments as approved by the Administrator.

(i)    “Board” means the Board of Directors of the Company.

(j)    “Cash Award” means a bonus opportunity awarded under Section 12 pursuant
to which a Awardee may become entitled to receive an amount based on the
satisfaction of such performance criteria as are specified in the Award
Agreement or other documents evidencing the Award (the “Cash Award Agreement”).

(k)    “Change in Control” means the occurrence of any one of the following
events:

i.
A direct or indirect acquisition by an individual, entity or group (within the
meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act) (a “Person”) of
beneficial ownership of shares which, together with other direct or indirect
acquisitions or beneficial ownership by such Person, results in aggregate
beneficial ownership by such Person of thirty percent (30%) or more of either
(1) the then outstanding Shares (the “Outstanding Company Common Stock”), or
(2) the combined voting power of the then outstanding voting securities of the
Company (the “Outstanding Company Voting Securities”); excluding, however, the
following: (a) any acquisition directly from the Company, other than an
acquisition by virtue of the exercise of a conversion privilege unless the
security being so converted was itself acquired directly from the Company, (b)
any acquisition by the Company or a wholly owned Subsidiary, (c) any acquisition
by any employee benefit plan (or related trust) sponsored or maintained by the
Company or any entity controlled by the

2

--------------------------------------------------------------------------------

Company, or (d) any acquisition by any entity pursuant to a transaction which
complies with clauses (a), (b) and (c) of subsection (iii) of this definition;
or
ii.
A change in the composition of the Board such that the individuals who, as of
the effective date of the subject action (the “Effective Date”), constitute the
Board (the “Incumbent Board”) cease for any reason to constitute a majority of
the Board; provided, however, that any individual who becomes a member of the
Board subsequent to the Effective Date, whose election, or nomination for
election by the Company’s stockholders, was approved by a vote of a majority of
those individuals then comprising the Incumbent Board shall be considered as
though such individual were a member of the Incumbent Board; but, provided
further, that any such individual whose initial assumption of office occurs as a
result of either an actual or threatened election contest with respect to the
election or removal of directors or other actual or threatened solicitation of
proxies or consents by or on behalf of a Person other than the Board shall not
be so considered as a member of the Incumbent Board; or

iii.
The consummation of a Corporate Transaction; excluding, however, such a
Corporate Transaction pursuant to which (a) all or substantially all of the
individuals and entities who are the beneficial owners, respectively, of the
Outstanding Company Common Stock and Outstanding Company Voting Securities
immediately prior to such Corporate Transaction will beneficially own, directly
or indirectly, more than sixty percent (60%) of, respectively, the outstanding
shares of common stock, and the combined voting power of the then outstanding
voting securities of the surviving or acquiring entity resulting from such
Corporate Transaction or a direct or indirect parent entity of the surviving or
acquiring entity (including, without limitation, an entity which as a result of
such transaction owns the Company or all or substantially all of the Company’s
assets either directly or through one or more subsidiaries) in substantially the
same proportions (as compared to each other) as their ownership, immediately
prior to such Corporate Transaction, of the Outstanding Company Common Stock and
Outstanding Company Voting Securities, as the case may be, (b) no Person (other
than the Company, any wholly owned subsidiary, any employee benefit plan (or
related trust)) sponsored or maintained by the Company, any entity controlled by
the Company, such surviving or acquiring entity resulting from such Corporate
Transaction or any entity controlled by such surviving or acquiring entity or a
direct or indirect parent entity of the surviving or acquiring entity that,
after giving effect to the Corporate Transaction, beneficially owns, directly or
indirectly, 100% of the outstanding voting securities of the surviving or
acquiring entity) will beneficially own, directly or indirectly, thirty percent
(30%) or more of, respectively, the outstanding shares of common stock (or
comparable equity interests) of the entity resulting from such Corporate
Transaction or the combined voting power of the outstanding voting

3

--------------------------------------------------------------------------------

securities of such entity except to the extent that such ownership existed prior
to the Corporate Transaction or (c) individuals who were members of the
Incumbent Board will constitute a majority of the members of the board of
directors (or similar governing body) of the surviving or acquiring entity
resulting from such Corporate Transaction or a direct or indirect parent entity
of the surviving or acquiring entity. “Corporate Transaction” means (i) a
dissolution or liquidation of the Company, (ii) a sale of all or substantially
all of the assets of the Company, (iii) a merger or consolidation of the Company
with or into any other corporation, regardless of whether the Company is the
surviving corporation, or (iv) a statutory share exchange involving capital
stock of the Company.
(l)    “Code” means the United States Internal Revenue Code of 1986, as amended,
and the regulations promulgated thereunder.

(m)    “Committee” means a committee of Directors appointed by the Board in
accordance with Section 4 of the Plan. The HR and Compensation Committee of the
Board shall be deemed a “Committee” for purposes of the Plan.

(n)    “Common Stock” means the common stock of the Company.

(o)    “Company” means Hewlett Packard Enterprise Company, a Delaware
corporation, or its successor.

(p)    “Conversion Award” has the meaning set forth in Section 4(b)(xiii) of the
Plan.

(q)    “Converted Award” shall mean an Award that is issued to satisfy automatic
adjustment and conversion of awards over HP common stock contemplated under the
Employee Matters Agreement. For avoidance of doubt, any Converted Award shall be
governed by the provisions of the original award agreement applicable to such
Converted Award.

(r)    “Director” means a member of the Board who is not a Non-Employee
Director.

(s)    “Director Option” shall mean any Converted Awards originally granted to
Directors in connection with service on the HP Board of Directors.

(t)    “Director Plan Year” shall mean the year beginning the day after the
Company’s annual meeting and ending on the day of the Company’s next annual
meeting, as the case may be, for any relevant year.

(u)    “Employee” means a regular, active employee of the Company or any
Affiliate, including an Officer and/or Director. The Administrator shall
determine whether

4

--------------------------------------------------------------------------------

or not the chairman of the Board qualifies as an “Employee.” Within the
limitations of Applicable Law, the Administrator shall have the discretion to
determine the effect upon an Award and upon an individual’s status as an
Employee in the case of (i) any individual who is classified by the Company or
its Affiliate as leased from or otherwise employed by a third party or as
intermittent or temporary, even if any such classification is changed
retroactively as a result of an audit, litigation or otherwise, (ii) any leave
of absence approved by the Company or an Affiliate, (iii) any period of notice
or garden leave under foreign law, (iv) any transfer between locations of
employment with the Company or an Affiliate or between the Company and any
Affiliate or between any Affiliates, (v) any change in the Awardee’s status from
an employee to a consultant or Director, and (vi) at the request of the Company
or an Affiliate an employee becomes employed by any partnership, joint venture
or corporation not meeting the requirements of an Affiliate in which the Company
or an Affiliate is a party.

(v)    “Employee Matters Agreement” shall mean that certain Employee Matters
Agreement dated October 31, 2015 by and between HP and the Company relating to
the transfer of employees in connection with the separation of the Company’s
business from HP’s business, which agreement is incorporated herein by
reference.

(w)    “Exchange Act” means the United States Securities Exchange Act of 1934,
as amended.

(x)    “Fair Market Value” means, unless the Administrator determines otherwise,
as of any date, the closing sales price for such Common Stock on the New York
Stock Exchange (the “NYSE”) as of such date (or if no sales were reported on
such date, the closing sales price on the last preceding day on which a sale was
made), as reported in such source as the Administrator shall determine.
 
(y)    “Grant Date” means the date or event specified by the Administrator on
which a grant of an Award will become effective (which date with respect to an
Option or a SAR will not be earlier than the date on which the Administrator
takes action with respect thereto); in the case of a Converted Award, the Grant
Date means the grant date applicable to the original award covering HP common
stock corresponding to the Converted Award.

(z)    “HP” shall mean Hewlett-Packard Company, a Delaware corporation.

(aa)    “Incentive Stock Option” means an Option intended to qualify as an
incentive stock option within the meaning of Section 422 of the Code.

(bb)     “Non-Employee Director” shall mean each member of the Board who is not
an employee of the Company or any of its Subsidiaries or Affiliates and who is
eligible only for Awards granted pursuant to Section 13 of the Plan.

(cc)    “Nonstatutory Stock Option” means an Option not intended to qualify as
an Incentive Stock Option.

5

--------------------------------------------------------------------------------

(dd)    “Officer” means a person who is an officer of the Company within the
meaning of Section 16 of the Exchange Act and the rules and regulations
promulgated thereunder.

(ee)    “Option” means a right granted under Section 8, including any such right
that is a Converted Award, to purchase a number of Shares or Stock Units at such
exercise price, at such times, and on such other terms and conditions as are
specified in the agreement or other documents evidencing the Award (the “Option
Agreement”). Both Options intended to qualify as Incentive Stock Options and
Nonstatutory Stock Options may be granted under the Plan.
        
(ff)    “Plan” means this Hewlett Packard Enterprise Company 2015 Stock
Incentive Plan, as amended and restated, from time to time.

(gg)    “Qualifying Performance Criteria” shall have the meaning set forth in
Section 14(b) of the Plan.

(hh)    “Share” means a share of the Common Stock, as adjusted in accordance
with Section 15 of the Plan.

(ii)    “Stock Appreciation Right” or “SAR” means a right granted under
Section 8, including any such right that is a Converted Award, which entitles
the recipient to receive an amount equal to the excess of the Fair Market Value
of a Share on the date of exercise of the Stock Appreciation Right over the
exercise price thereof on such terms and conditions as are specified in the
agreement or other documents evidencing the Award (the “SAR Agreement”). The
Administrator shall determine whether a Stock Appreciation Right shall be
settled in cash, Shares or a combination of cash and Shares. Stock Appreciation
Rights may be granted in tandem with another Award or freestanding and unrelated
to another Award.

(jj)    “Stock Award” means an award or delivery of Shares or Stock Units made
under Section 11 of the Plan, including any such right that is a Converted
Award, the grant, delivery, retention, vesting and/or transferability of which
is subject during specified periods of time to such conditions (including
continued employment or performance conditions) and terms as are expressed in
the agreement or other documents evidencing the Award (the “Stock Award
Agreement”).

(kk)    “Stock Unit” means a bookkeeping entry representing an amount equivalent
to the value of one Share, payable in cash, property or Shares. Stock Units
represent an unfunded and unsecured obligation of the Company, including any
such right that is a Converted Award, except as otherwise provided for by the
Administrator.

(ll)    “Subsidiary” means any corporation (other than the Company) in an
unbroken chain of corporations beginning with the Company, provided each
corporation in

6

--------------------------------------------------------------------------------

the unbroken chain (other than the Company) owns, at the time of determination,
stock possessing 50% or more of the total combined voting power of all classes
of stock in one of the other corporations in such chain.

(mm)    “Termination of Employment” shall mean ceasing to be an Employee.
However, for Incentive Stock Option purposes, Termination of Employment will
occur when the Awardee ceases to be an employee (as determined in accordance
with Section 3401(c) of the Code and the regulations promulgated thereunder) of
the Company or one of its Subsidiaries. The Administrator shall determine
whether any corporate transaction, such as a sale or spin-off of a division or
business unit, or a joint venture, shall be deemed to result in a Termination of
Employment.

(nn)    “Total and Permanent Disability” shall have the meaning set forth in
Section 22(e)(3) of the Code.

3.     Stock Subject to the Plan.

(a)     Aggregate Limits. Subject to the provisions of Section 15 of the Plan,
effective as of January 24, 2017, the aggregate number of Shares subject to
Awards granted under the Plan shall be reduced to 210,000,000 Shares. The Shares
subject to the Plan may be either Shares reacquired by the Company, including
Shares purchased in the open market, or authorized but unissued Shares.

For the avoidance of doubt, any Shares delivered pursuant to a Converted Award
shall reduce the maximum number of Shares deliverable under this Section 3(a).

(b)     Delivery of Shares. For purposes of Section 3(a), the aggregate number
of Shares delivered under the Plan at any time shall equal only the number of
Shares actually delivered upon exercise or settlement of an Award. If any Shares
subject to an Award granted under the Plan are forfeited or such Award is
settled in cash or otherwise terminates without the delivery of such Shares, the
Shares subject to such Award, to the extent of any such forfeiture, settlement
or termination, shall again be available for grant under the Plan.
Notwithstanding the foregoing, Shares subject to an Award under the Plan may not
again be made available for delivery under the Plan if such Shares are: (i)
Shares delivered to or withheld by the Company to pay the exercise price of an
Option, (ii) Shares delivered to or withheld by the Company to pay the
withholding taxes related to an Award, or (iii) Shares repurchased by the
Company on the open market with the proceeds of an Award paid to the Company by
or on behalf of the Awardee. For the avoidance of doubt, when SARs are exercised
and settled in Shares the full number of Shares exercised will no longer be
available for delivery under the Plan.

(c)    Share Limits. Subject to the provisions of Section 15 of the Plan, the
aggregate number of Shares subject to Awards granted under this Plan during any
calendar year to any one Awardee shall not exceed 6,000,000, except that in
connection with his or her initial service, an Awardee may be granted Awards
covering up to an additional 4,000,000 Shares.

7

--------------------------------------------------------------------------------

Subject to the provisions of Section 15 of the Plan, the aggregate number of
Shares that may be subject to all Incentive Stock Options granted under the Plan
is 4,000,000 Shares. Notwithstanding anything to the contrary in the Plan, the
limitations set forth in this Section 3(c) shall be subject to adjustment under
Section 15(a) of the Plan only to the extent that such adjustment will not
affect the status of any Award intended to qualify as “performance based
compensation” under Code Section 162(m) or the ability to grant or the
qualification of Incentive Stock Options under the Plan. Notwithstanding the
foregoing, the number of Shares subject to Converted Awards shall be disregarded
for purposes of the limitations set forth in this Section 3(c).
        
4.     Administration Of The Plan.

(a)     Procedure.

i.     Multiple Administrative Bodies. The Plan shall be administered by the
Board, one or more Committees and/or their delegates.

ii.     Section 162. To the extent that the Administrator determines it to be
desirable to qualify Awards granted hereunder as “performance‑based
compensation” within the meaning of Section 162(m) of the Code, Awards to
“covered employees” within the meaning of Section 162(m) of the Code or
Employees that the Committee determines may be “covered employees” in the future
shall be made by a Committee of two or more “outside directors” within the
meaning of Section 162(m) of the Code.

iii.     Rule 16b-3. To the extent desirable to qualify transactions hereunder
as exempt under Rule 16b-3 promulgated under the Exchange Act (“Rule 16b-3”),
Awards to Officers and Directors shall be made by the entire Board or a
Committee of two or more “non-employee directors” within the meaning of
Rule 16b-3.

iv.     Other Administration. Subject to Applicable Law, the Board or a
Committee may delegate to an authorized Officer or Officers the power to approve
Awards to persons eligible to receive Awards under the Plan who are not
(A) subject to Section 16 of the Exchange Act or (B) at the time of such
approval, “covered employees” under Section 162(m) of the Code.

v.     Delegation of Authority for the Day-to-Day Administration of the Plan.
Except to the extent prohibited by Applicable Law, the Administrator may
delegate to one or more individuals the day-to-day administration of the Plan
and any of the functions assigned to it in this Plan. Such delegation may be
revoked at any time.

(b)     Powers of the Administrator. Subject to the provisions of the Plan and,
in the case of a Committee or delegates acting as the Administrator, subject to
the specific duties

8

--------------------------------------------------------------------------------

delegated to such Committee or delegates, the Administrator shall have the
authority, in its discretion:

i.    to select the Awardees to whom Awards are to be granted hereunder;

ii.    to determine the number of Shares to be covered by each Award granted
hereunder;

iii.    to determine the type of Award to be granted to the selected Awardees;

iv.    to approve forms of Award Agreements for use under the Plan;

v.    to determine the terms and conditions, not inconsistent with the terms of
the Plan, of any Award granted hereunder. Such terms and conditions include, but
are not limited to, the exercise and/or purchase price, the time or times when
an Award may be exercised or settled (which may or may not be based on
performance criteria), the vesting schedule, any vesting and/or exercisability
acceleration or waiver of forfeiture restrictions, the acceptable forms of
consideration, the term, and any restriction or limitation regarding any Award
or the Shares relating thereto, based in each case on such factors as the
Administrator, in its sole discretion, shall determine and may be established at
the time an Award is granted or thereafter;

vi.    to suspend the right to exercise Awards during any blackout period that
is necessary or desirable to comply with the requirements of Applicable Laws
and/or to extend the Award exercise period for an equal period of time in a
manner consistent with Applicable Law;

vii.    to correct defects and supply omissions in the Plan and any Award
Agreement and to correct administrative errors;

viii.    to construe and interpret the terms of the Plan (including sub-plans,
Award Agreements and Plan and Award Agreement addenda) and Awards granted
pursuant to the Plan;

ix.    to adopt rules and procedures relating to the operation and
administration of the Plan to accommodate the specific requirements of local
laws and procedures. Without limiting the generality of the foregoing, the
Administrator is specifically authorized (A) to adopt the rules and procedures
regarding the conversion of local currency, withholding procedures and handling
of stock certificates which vary with local requirements and (B) to adopt
sub-plans, Award Agreements and Plan and Award Agreement addenda as the
Administrator deems desirable, to accommodate foreign laws, regulations and
practice;

9

--------------------------------------------------------------------------------

x.    to prescribe, amend and rescind rules and regulations relating to the
Plan, including rules and regulations relating to sub-plans, Award Agreements
and Plan and Award Agreement addenda;

xi.    to modify or amend each Award, including, but not limited to, the
acceleration of vesting and/or exercisability, provided, however, that any such
amendment is subject to Section 15 of the Plan and may not materially impair any
outstanding Award unless agreed to in writing by the Awardee;

xii.    to allow Awardees to satisfy withholding tax amounts by electing to have
the Company withhold from the Shares to be delivered upon exercise of an Option
or SAR, or vesting or settlement of a Stock Award that number of Shares having a
value not in excess of the amount required to be withheld. The value of the
Shares to be withheld shall be determined in such manner and on such date that
the Administrator shall determine or, in the absence of provision otherwise, on
the date that the amount of tax to be withheld is to be determined. All
elections by a Awardee to have Shares withheld for this purpose shall be made in
such form and under such conditions as the Administrator may provide;

xiii.    to authorize conversion or substitution under the Plan of any or all
stock options, stock appreciation rights or other stock awards held by service
providers of an entity acquired by the Company (the “Conversion Awards”). Any
conversion or substitution shall be effective as of the close of the merger or
acquisition. The Conversion Awards may be Nonstatutory Stock Options or
Incentive Stock Options, as determined by the Administrator, with respect to
options granted by the acquired entity; provided, however, that with respect to
the conversion of stock appreciation rights in the acquired entity, the
Conversion Awards shall be Nonstatutory Stock Options, unless otherwise
determined by the Administrator. Unless otherwise determined by the
Administrator at the time of conversion or substitution, all Conversion Awards
shall have the same terms and conditions as Awards generally granted by the
Company under the Plan;

xiv.    to authorize any person to execute on behalf of the Company any
instrument required to effect the grant of an Award previously granted by the
Administrator;

xv.    to impose such restrictions, conditions or limitations as it determines
appropriate as to the timing and manner of any resales by a Awardee or other
subsequent transfers by the Awardee of any Shares delivered as a result of or
under an Award, including without limitation, (A) restrictions under an insider
trading policy and (B) restrictions as to the use of a specified brokerage firm
for such resales or other transfers;

xvi.    to provide, either at the time an Award is granted or by subsequent
action, that an Award shall contain as a term thereof, a right, either in tandem
with

10

--------------------------------------------------------------------------------

the other rights under the Award or as an alternative thereto, of the Awardee to
receive, without payment to the Company, a number of Shares, cash or a
combination thereof, the amount of which is determined by reference to the value
of the Award; and

xvii.    to make all other determinations deemed necessary or advisable for
administering the Plan and any Award granted hereunder.

(c)     Effect of Administrator’s Decision. All decisions, determinations and
interpretations by the Administrator regarding the Plan, any rules and
regulations under the Plan and the terms and conditions of any Award granted
hereunder, shall be final and binding on all Awardees or other persons claiming
rights under the Plan or any Award. The Administrator shall consider such
factors as it deems relevant, in its sole and absolute discretion, to making
such decisions, determinations and interpretations including, without
limitation, the recommendations or advice of any Officer or other employee of
the Company and such attorneys, consultants and accountants as it may select.

5.     Eligibility.

Awards may be granted to Directors and/or Employees; provided that Non-Employee
Directors are eligible only for awards granted under Section 13 of the Plan.

6.     Term of Plan.

The Plan shall become effective upon its approval by shareholders of the
Company. It shall continue in effect for a term of ten (10) years from the later
of the date the Plan or any amendment to add shares to the Plan is approved by
shareholders of the Company unless terminated earlier under Section 16 of the
Plan; provided, however, that no Incentive Stock Options may be granted after
the 10th anniversary of the date that the Plan (or share reserve increase, as
applicable) is approved by the Board or by shareholders, if earlier.

7.     Term of Award.

The term of each Award shall be determined by the Administrator and stated in
the Award Agreement. In the case of an Option or SAR, the term shall be ten
(10) years from the Grant Date or such shorter term as may be provided in the
Award Agreement; provided that the term may be ten and one-half (10 1/2) years
in the case of Options granted to Awardees in certain jurisdictions outside the
United States as determined by the Administrator.

8.     Options and Stock Appreciation Rights.

The Administrator may grant an Option or SAR, or provide for the grant of an
Option or SAR, either from time to time in the discretion of the Administrator
or automatically upon the occurrence of specified events, including, without
limitation, the achievement of performance goals, the satisfaction of an event
or condition whether or not within the control of the Awardee.

11

--------------------------------------------------------------------------------

(a)     Option or SAR Agreement. Each Option or SAR Agreement shall contain
provisions regarding (i) the number of Shares that may be delivered upon
exercise of the Option or SAR, (ii) the type of Option, (iii) the exercise price
of the Shares and the means of payment for the Shares, (iv) the term of the
Option or SAR, (v) such terms and conditions on the vesting and/or
exercisability of an Option or SAR as may be determined from time to time by the
Administrator, (vi) restrictions on the transfer of the Option or SAR and
forfeiture provisions and (vii) such further terms and conditions, in each case
not inconsistent with this Plan as may be determined from time to time by the
Administrator.

(b)     Exercise Price. The per share exercise price for the Shares to be
delivered pursuant to exercise of an Option or SAR shall be determined by the
Administrator, subject to the following:

i.    The per Share exercise price of an Option or SAR shall be no less than
100% of the Fair Market Value per Share on the Grant Date.

ii.    Notwithstanding the foregoing, at the Administrator’s discretion,
Converted Awards and Conversion Awards that are granted in substitution and/or
conversion of options or stock appreciation rights of HP or an acquired entity,
may be granted with a per Share exercise price of less than 100% of the Fair
Market Value per Share on the date of such substitution and/or conversion if
such exercise price is determined in a manner that complies with the
requirements of Sections 409A and 424 of the Code, as applicable.

(c)     No Option or SAR Repricings. Other than in connection with a change in
the Company’s capitalization (as described in Section 15(a) of the Plan), the
exercise price of an Option or SAR may not be reduced without shareholder
approval (including canceling previously awarded Options or SARs in exchange for
cash, other Awards, Options or SARs with an exercise price that is less than the
exercise price of the original Option or SAR). Nothing in this
Section 8(c) shall be construed to apply to the issuance of an Option that is a
Converted Award or the issuance or assumption of an Option or SAR in connection
with the acquisition by the Company or a subsidiary of an unrelated entity
provided such actions are taken in a manner that complies with the requirements
of Section 409A and 424 of the Code, as applicable.

(d)     Vesting Period and Exercise Dates. Options or SARs granted under this
Plan shall vest and/or be exercisable at such time and in such installments
during the period prior to the expiration of the Option’s or SAR’s term as
determined by the Administrator. To the extent the Administrator determines that
all or part of an Award of Options shall be exercisable prior to vesting
thereof, any Shares purchased upon exercise of unvested Options will be subject
to forfeiture until the date that the related Options would have otherwise
become vested. The Administrator shall have the right to make the vesting and/or
exercisability of any Option or SAR granted under this Plan subject to continued
employment, the passage of time and/or such performance requirements as deemed
appropriate by the Administrator. At any time after the grant of an Option or
SAR, the

12

--------------------------------------------------------------------------------

Administrator may reduce or eliminate any restrictions surrounding the vesting
or exercisability of all or part of the Option or SAR.

(e)     Form of Consideration for Exercising an Option. The Administrator shall
determine the acceptable form of consideration for exercising an Option,
including the method of payment, either through the terms of the Option
Agreement or at the time of exercise of an Option. Acceptable forms of
consideration may include:

i.    cash;

ii.    check or wire transfer (denominated in U.S. Dollars);

iii.    subject to any conditions or limitations established by the
Administrator, other Shares which have a Fair Market Value on the date of
surrender equal to the aggregate exercise price of the Shares as to which said
Option shall be exercised;

iv.    subject to any conditions or limitations established by the
Administrator, withholding of Shares deliverable upon exercise, which have a
Fair Market Value on the date of surrender equal to the aggregate exercise price
of the Shares as to which said Option shall be exercised;

v.    consideration received by the Company under a broker‑assisted sale and
remittance program acceptable to the Administrator;

vi.    such other consideration and method of payment for the delivery of Shares
to the extent permitted by Applicable Laws; or

vii.    any combination of the foregoing methods of payment.

9.     Incentive Stock Option Limitations/Terms.

(a)     Eligibility. Only employees (as determined in accordance with
Section 3401(c) of the Code and the regulations promulgated thereunder) of the
Company or any of its Subsidiaries may be granted Incentive Stock Options.

(b)     $100,000 Limitation. Notwithstanding the designation “Incentive Stock
Option” in an Option Agreement, if and to the extent that the aggregate Fair
Market Value of the Shares with respect to which Incentive Stock Options are
exercisable for the first time by the Awardee during any calendar year (under
all plans of the Company and any of its Subsidiaries) exceeds U.S. $100,000,
such Options shall be treated as Nonstatutory Stock Options. For purposes of
this Section 9(b), Incentive Stock Options shall be taken into account in the
order in which they were granted. The Fair Market Value of the Shares shall be
determined as of the Grant Date.

13

--------------------------------------------------------------------------------

(c)     Effect of Termination of Employment on Incentive Stock Options.
Generally. Unless otherwise provided for by the Administrator, upon an Awardee’s
Termination of Employment, any outstanding Incentive Stock Option granted to
such Awardee, whether vested or unvested, to the extent not theretofore
exercised, shall terminate immediately upon the Awardee’s Termination of
Employment.

(d)     Leave of Absence. For purposes of Incentive Stock Options, no leave of
absence may exceed ninety (90) days, unless reemployment upon expiration of such
leave is guaranteed by statute or contract. If reemployment upon expiration of a
leave of absence approved by the Company or a Subsidiary is not so guaranteed,
an Awardee’s employment with the Company shall be deemed terminated on the
ninety‑first (91st) day of such leave for Incentive Stock Option purposes and
any Incentive Stock Option granted to the Awardee shall cease to be treated as
an Incentive Stock Option and shall terminate upon the expiration of the three
month period following the date the employment relationship is deemed
terminated.

(e)     Transferability. The Option Agreement must provide that an Incentive
Stock Option cannot be transferable by the Awardee otherwise than by will or the
laws of descent and distribution, and, during the lifetime of such Awardee, must
not be exercisable by any other person. If the terms of an Incentive Stock
Option are amended to permit transferability, the Option will be treated for tax
purposes as a Nonstatutory Stock Option.

(f)     Other Terms. Option Agreements evidencing Incentive Stock Options shall
contain such other terms and conditions as may be necessary to qualify, to the
extent determined desirable by the Administrator, with the applicable provisions
of Section 422 of the Code; however, for clarity’s sake, the Administrator makes
no guarantee that an Incentive Stock Option shall remain qualified under Section
422 of the Code.

10.     Exercise of Option or SAR.

(a)     Procedure for Exercise; Rights as a Shareholder.

i.    Any Option or SAR granted hereunder shall be exercisable according to the
terms of the Plan and at such times and under such conditions as determined by
the Administrator and set forth in the respective Award Agreement. Unless the
Administrator provides otherwise: (A) no Option or SAR may be exercised during
any leave of absence other than an approved personal or medical leave with an
employment guarantee upon return, (B) an Option or SAR shall continue to vest
during any authorized leave of absence and such Option or SAR may be exercised
to the extent vested and exercisable upon the Awardee’s return to active
employment status.

ii.    An Option or SAR shall be deemed exercised when the Company receives
(A) written or electronic notice of exercise (in accordance with the Award
Agreement) from the person entitled to exercise the Option or SAR; (B) full
payment

14

--------------------------------------------------------------------------------

for the Shares with respect to which the related Option is exercised; and
(C) with respect to Nonstatutory Stock Options or SARs, satisfaction of all
applicable withholding taxes.

iii.    Shares delivered upon exercise of an Option or SAR shall be delivered in
the name of the Awardee. Unless provided otherwise by the Administrator or
pursuant to this Plan, until the Shares are delivered (as evidenced by the
appropriate entry on the books of the Company or of a duly authorized transfer
agent of the Company), no right to vote or receive dividends or any other rights
as a Company shareholder shall exist with respect to the Shares subject to an
Option or SAR, notwithstanding the exercise of the Option or SAR.

iv.    The Company shall deliver (or cause to be delivered) such Shares as soon
as administratively practicable after the Option or SAR is exercised. An Option
or SAR may not be exercised for a fraction of a Share.

(b)     Effect of Termination of Employment on Nonstatutory Stock Options or
SARs. Unless otherwise provided for by the Administrator prior to the Awardee’s
Termination of Employment, upon an Awardee’s Termination of Employment, any
outstanding Nonstatutory Stock Option or SAR granted to such Awardee, whether
vested or unvested, to the extent not theretofore exercised, shall terminate
immediately upon the Awardee’s Termination of Employment.

11.     Stock Awards.

(a)     Stock Award Agreement. Each Stock Award Agreement shall contain
provisions regarding (i) the number of Shares subject to such Stock Award or a
formula for determining such number, (ii) the purchase price of the Shares, if
any, and the means of payment for the Shares, (iii) the performance criteria, if
any, and level of achievement versus these criteria that shall determine the
number of Shares granted, delivered, retainable and/or vested, (iv) such terms
and conditions on the grant, delivery, vesting and/or forfeiture of the Shares
as may be determined from time to time by the Administrator, (v) restrictions on
the transferability of the Stock Award and (vi) such further terms and
conditions in each case not inconsistent with this Plan as may be determined
from time to time by the Administrator.

(b)     Restrictions and Performance Criteria. The grant, issuance, retention
and/or vesting of each Stock Award may be subject to such performance criteria
and level of achievement versus these criteria as the Administrator shall
determine, which criteria may be based on financial performance, personal
performance evaluations and/or completion of service by the Awardee.
Notwithstanding anything to the contrary herein, the performance criteria for
any Stock Award that is intended to satisfy the requirements for
“performance‑based compensation” under Section 162(m) of the Code shall be
established by the Administrator based on one or more Qualifying Performance
Criteria selected by the Administrator and specified in writing not later than
the earlier of ninety (90) days after the

15

--------------------------------------------------------------------------------

commencement, or within the first 25%, of the period of service to which the
performance goals relates, provided that the outcome is substantially uncertain
at that time.

(c)     Forfeiture. Unless otherwise provided for by the Administrator prior to
the Awardee’s Termination of Employment, upon the Awardee’s Termination of
Employment, the Stock Award and the Shares subject thereto shall be forfeited,
provided that to the extent that the Awardee purchased any Shares, the Company
shall have a right to repurchase the unvested Shares at the original price paid
by the Awardee.

(d)     Rights as a Shareholder. Unless otherwise provided by the Administrator,
the Awardee shall have the rights equivalent to those of a Company shareholder
and shall be a shareholder only after Shares are delivered (as evidenced by the
appropriate entry on the books of the Company or of a duly authorized transfer
agent of the Company) to the Awardee. Unless otherwise provided by the
Administrator, a Awardee holding Stock Units shall be entitled to receive
dividend equivalent rights payable in cash or Shares subject to the same vesting
conditions as the underlying Stock Units. Notwithstanding the foregoing, (i)
dividends or dividend equivalent rights may accrue in connection with a Stock
Award, but shall not be paid, until the applicable Shares relating to the Stock
Award become vested or settled, as applicable, and (ii) to the extent such
vesting or settlement does not occur with respect to a Stock Award (e.g., as a
result of a forfeiture in connection with the Termination of Employment or
termination of service of the applicable Awardee), any accrued dividend or
dividend equivalent rights shall be forfeited.

12.     Cash Awards.

Each Cash Award will confer upon the Awardee the opportunity to earn a future
payment tied to the level of achievement with respect to one or more performance
criteria established for a performance period of not less than one (1) year.

(a)     Cash Award. Each Cash Award shall contain provisions regarding (i) the
target and maximum amount payable to the Awardee as a Cash Award, (ii) the
performance criteria and level of achievement versus these criteria which shall
determine the amount of such payment, (iii) the period as to which performance
shall be measured for establishing the amount of any payment, (iv) the timing of
any payment earned by virtue of performance, (v) restrictions on the alienation
or transfer of the Cash Award prior to actual payment, (vi) forfeiture
provisions, and (vii) such further terms and conditions, in each case not
inconsistent with the Plan, as may be determined from time to time by the
Administrator. The maximum amount payable as a Cash Award that is settled for
cash may be a multiple of the target amount payable, but the maximum amount
payable in any fiscal year pursuant to that portion of a Cash Award granted
under this Plan to any Awardee that is intended to satisfy the requirements for
“performance based compensation” under Section 162(m) of the Code shall not
exceed U.S. $15,000,000.

(b)     Performance Criteria. The Administrator shall establish the performance
criteria and level of achievement versus these criteria which shall determine
the target and

16

--------------------------------------------------------------------------------

the minimum and maximum amount payable under a Cash Award, which criteria may be
based on financial performance and/or personal performance evaluations. The
Administrator may specify the percentage of the target Cash Award that is
intended to satisfy the requirements for “performance‑based compensation” under
Section 162(m) of the Code. Notwithstanding anything to the contrary herein, the
performance criteria for any portion of an Cash Award that is intended to
satisfy the requirements for “performance‑based compensation” under
Section 162(m) of the Code shall be a measure established by the Administrator
based on one or more Qualifying Performance Criteria selected by the
Administrator and specified in writing not later than the earlier of, 90 days
after the commencement, or within the first 25%, of the period of service to
which the performance goals relates, provided that the outcome is substantially
uncertain at that time.

(c)     Timing and Form of Payment. The Administrator shall determine the timing
of payment of any Cash Award. The Administrator may provide for or, subject to
such terms and conditions as the Administrator may specify, may permit an
Awardee to elect (in a manner consistent with Section 409A of the Code) for the
payment of any Cash Award to be deferred to a specified date or event. The
Administrator may specify the form of payment of Cash Awards, which may be cash
or other property, or may provide for an Awardee to have the option for his or
her Cash Award, or such portion thereof as the Administrator may specify, to be
paid in whole or in part in cash or other property.

(d)     Termination of Employment. Unless otherwise provided for by the
Administrator prior to the Awardee’s Termination of Employment, upon the
Awardee’s Termination of Employment, any Cash Awards issued hereunder shall be
forfeited,

13.     Non-Employee Director Awards.

(a)    Annual Equity Retainer. Each member of the Board who is a Non-Employee
Director and who is providing service to the Company as a member of the Board at
the beginning of the Director Plan Year shall be eligible to receive an Annual
Equity Retainer under the Plan. The value of the Annual Equity Retainer granted
to a Non-Employee Director for any Director Plan Year (which shall be converted
into a number of Shares subject to a Director RSU Award (as provided in Section
13(b)(ii)) shall not exceed $550,000.

Any Non-Employee Director who enters service after the beginning of the Director
Plan Year may be eligible to receive a prorated Annual Equity Retainer under the
Plan as the Board or the Committee determines in its discretion.

(b)    Terms and Conditions of Annual Equity Retainer.

(i)Compensation. Unless determined otherwise by the Board or the Committee and
on such terms as the Board or the Committee may determine, each Non-Employee
Director shall receive his or her Annual Equity Retainer in the form of
restricted Stock Units (a “Director RSU Award”).
 

17

--------------------------------------------------------------------------------

(ii)    Director RSU Award.
A.    Date of Grant. The Director RSU Award shall be granted automatically one
month after the beginning of each Director Plan Year (or, if such date is not a
NYSE trading day, on the next succeeding NYSE trading day) (the “Director Grant
Date”).
B.    Number of Shares Subject to a Director RSU Award. The total number of
Shares subject to each Director RSU Award shall be determined by dividing the
amount of the Annual Equity Retainer by the Fair Market Value of a Share on the
Director Grant Date. It shall be rounded up to the nearest number of whole
Shares.

C.    Vesting Period for Director RSU Award. If the Board or the Committee does
not expressly exercise its discretion to change the vesting of the Director RSU
Award for a Director Plan Year, then the vesting of such Director RSU Award
shall be the same as was approved for the last preceding Director Plan Year in
which the Board or the Committee exercised its discretion to set the vesting
terms. Unless deferred pursuant to a deferral election provided by the Company,
Shares subject to Director RSU Awards shall be delivered promptly upon
satisfaction of the vesting conditions, but no later than March 15 of the
calendar year following the calendar year in which the vesting conditions are
satisfied.
(iii)    Termination. Any Non-Employee Director who terminates service prior to
the vesting of his or her Director RSU Award (or other Award granted pursuant to
his or her Annual Equity Retainer) may have his or her Director RSU Award (or
other Award) prorated, including a forfeiture of options, restricted Stock Units
or cash payment, if any, as the Board or the Committee determines in its
discretion.

(c)    Stock Awards in Lieu of Annual Cash Retainer.

(i)    Cash Retainer Election. Unless otherwise determined by the Board or the
Committee, prior to the beginning of a Director Plan Year each member of the
Board who is a Non-Employee Director may elect to receive all or a portion of
his or her Annual Cash Retainer for that Director Plan Year in the form of an
Award granted under the Plan (the “Cash Retainer Election”). Unless the Board or
Committee exercises its discretion pursuant to subsection 13(d) below, any such
Award shall consist of a Stock Award in the form of a delivery of Shares. The
number of Shares subject to the Stock Award shall be determined by dividing the
dollar amount of the Annual Cash Retainer (or each installment thereof) subject
to the Non-Employee Director’s Cash Retainer Election by the Fair Market Value
of a Share on the date(s) that such Annual Cash Retainer would otherwise have
been paid in cash to the Non-Employee Director (or, if any such date is not a
NYSE trading day, on the next succeeding NYSE trading day) (the “Cash Retainer
Payment Date”), rounded down to the nearest number of whole Shares. Unless
otherwise determined by the Board or the Committee, the Stock Award shall be
issued without vesting requirements or other restrictions. Unless deferred
pursuant to a deferral election provided by the Company, the

18

--------------------------------------------------------------------------------

Shares subject to the Stock Award shall be delivered to the Non-Employee
Director on or promptly following the applicable Cash Retainer Payment Date.
Unless otherwise provided by the Board or the Committee, the terms of such Stock
Award shall be as set forth in this Section 13(c)(i), which terms shall
constitute the Stock Award Agreement contemplated by Section 2(h) hereof.
        
(ii)    No Cash Retainer Election. Unless otherwise determined by the Board or
the Committee, any Non-Employee Director who has not had the opportunity to make
a Cash Retainer Election prior to the beginning of the applicable Director Plan
Year shall be granted a Stock Award in the form of a delivery of Shares, which
shall be in lieu of payment in cash of such Non-Employee Director’s Annual Cash
Retainer for the applicable Director Plan Year. The number of Shares subject to
any such Stock Award shall be determined by dividing the dollar amount of the
Annual Cash Retainer (or each installment thereof) payable to the Non-Employee
Director in the applicable Director Plan Year by the Fair Market Value of a
Share on the date(s) that the Annual Cash Retainer would otherwise have been
paid in cash to the Non-Employee Director (or, if any such date is not a NYSE
trading day, on the next succeeding NYSE trading day) (also a “Cash Retainer
Payment Date”), rounded down to the nearest number of whole Shares. Unless
otherwise determined by the Board or the Committee, any such Stock Award shall
be issued without vesting requirements or other restrictions. The Shares subject
to the Stock Award shall be delivered to the Non-Employee Director on or
promptly following the applicable Cash Retainer Payment Date. Unless otherwise
provided by the Board or the Committee, the terms of such Stock Award shall be
as set forth in this Section 13(c)(ii), which terms shall constitute the Stock
Award Agreement contemplated by Section 2(h) hereof.

(d)    Director RSU Award in Lieu of Annual Cash Retainer. In the discretion of
the Board or the Committee, a Stock Unit (for purposes of this Section 13, also
a “Director RSU Award”) may be granted to a Non-Employee Director pursuant to
such Non-Employee Director’s Cash Retainer Election (in lieu of any Stock Award
under Section 13(c) above), provided that the amount of the Annual Cash Retainer
subject to such Cash Retainer Election when combined with the value of any
Director RSU Award granted pursuant to Section 13(b) hereof does not exceed the
dollar maximum set forth in Section 13(a) for the applicable Director Plan Year.
The number of Shares subject to any such Director RSU Award shall be determined
by dividing the dollar amount of the Annual Cash Retainer subject to the
Non-Employee Director’s Cash Retainer Election by the Fair Market Value of a
Share on the Director Grant Date, or for any portion of the Annual Cash Retainer
that is not determinable on the Director Grant Date, on the subsequent date when
such portion would otherwise have been paid in cash to the Non-Employee
Director, in each case rounded down to the nearest number of whole Shares.
Except as set forth in this section 13(d), unless otherwise determined by the
Board or the Committee, any such Director RSU Award will be subject to the terms
of Section 13(b)(ii) and (iii).

14.    Other Provisions Applicable to Awards.

19

--------------------------------------------------------------------------------

(a)     Non-Transferability of Awards. Unless determined otherwise by the
Administrator, an Award may not be sold, pledged, assigned, hypothecated,
transferred, or disposed of in any manner other than by beneficiary designation,
will or by the laws of descent or distribution. The Administrator may make an
Award transferable to an Awardee’s “family member” (as such term is defined in
Section 1(a)(5) of the General Instructions to Form S-8 under the Securities Act
of 1933, as amended), to trusts solely for the benefit of such family members
and to partnerships in which such family members and/or trusts are the only
partners. If the Administrator makes an Award transferable, either on the Grant
Date or thereafter, such Award shall contain such additional terms and
conditions as the Administrator deems appropriate, and any transferee shall be
deemed to be bound by such terms upon acceptance of such transfer.

(b)     Qualifying Performance Criteria. For purposes of this Plan, the term
“Qualifying Performance Criteria” shall mean any one or more of the following
performance criteria, either individually, alternatively or in any combination,
applied to either the Company as a whole or to a business unit, Affiliate or
business segment, either individually, alternatively or in any combination, and
measured either annually or cumulatively over a period of years, on an absolute
basis or relative to a pre-established target, to previous years’ results or to
a designated comparison group, in each case as specified by the Committee in the
Award: (i) cash flow (including operating cash flow or free cash flow) or cash
conversion cycle; (ii) earnings (including gross margin, earnings before
interest and taxes, earnings before taxes, and net earnings); (iii) earnings per
share; (iv) growth in: earnings or earnings per share, cash flow, revenue, gross
margin, operating expense or operating expense as a percentage of revenue;
(v) stock price; (vi) return on equity or average shareholder equity;
(vii) total shareholder return; (viii) return on capital; (ix) return on assets
or net assets; (x) return on investment; (xi) revenue (on an absolute basis or
adjusted for currency effects); (xii) net profit or net profit before annual
bonus; (xiii) income or net income; (xiv) operating income or net operating
income; (xv) operating profit, net operating profit or controllable operating
profit; (xvi) operating margin or operating expense or operating expense as a
percentage of revenue; (xvii) return on operating revenue; (xviii) market share
or customer indicators; (xix) contract awards or backlog; (xx) overhead or other
expense reduction; (xxi) growth in shareholder value relative to the moving
average of the S&P 500 Index or a peer group index or another index;
(xxii) credit rating; (xxiii) strategic plan development and implementation,
attainment of research and development milestones or new product invention or
innovation; (xxiv) succession plan development and implementation; (xxv)
improvement in productivity or workforce diversity, (xxvi) attainment of
objective operating goals and employee metrics; and (xxvii) economic value
added. To the extent consistent with Section 162(m) of the Code, the Committee
may appropriately adjust any evaluation of performance under a Qualifying
Performance Criteria to exclude any of the following events that occurs during a
performance period: (A) asset write‑downs; (B) litigation or claim judgments or
settlements; (C) the effect of changes in tax law, accounting principles or
other such laws or provisions affecting reported results; (D) accruals for
reorganization and restructuring programs; and (E) any unusual or infrequently
occurring or special items.

20

--------------------------------------------------------------------------------

(c)     Certification. Prior to the payment of any compensation under an Award
intended to qualify as “performance‑based compensation” under Section 162(m) of
the Code, the Committee shall certify the extent to which any Qualifying
Performance Criteria and any other material terms under such Award have been
satisfied (other than in cases where such relate solely to the increase in the
value of the Common Stock).

(d)     Discretionary Adjustments Pursuant to Section 162(m). Notwithstanding
satisfaction or completion of any Qualifying Performance Criteria, to the extent
specified at the time of grant of an Award to “covered employees” within the
meaning of Section 162(m) of the Code, the number of Shares, Options, SARs or
other benefits granted, issued, retainable and/or vested under an Award on
account of satisfaction of such Qualifying Performance Criteria may be reduced
by the Committee on the basis of such further considerations as the Committee in
its sole discretion shall determine.

15.     Adjustments upon Changes in Capitalization, Dissolution, Merger or Asset
Sale.

(a)     Changes in Capitalization. Subject to any required action by the
shareholders of the Company, (i) the number and kind of Shares available for
delivery under the Plan and/or covered by each outstanding Award, (ii) the price
per Share subject to each such outstanding Award and (iii) the Share limitations
set forth in Section 3 of the Plan, shall be proportionately adjusted for any
increase or decrease in the number or kind of issued shares resulting from a
stock split, reverse stock split, extraordinary dividend or other distribution
(whether in the form of cash, Shares, other securities or other property (other
than regular, cash dividends)), combination or reclassification of the Common
Stock, or any other increase or decrease in the number of issued shares of
Common Stock effected without receipt of consideration by the Company; provided,
however, that conversion of any convertible securities of the Company shall not
be deemed to have been “effected without receipt of consideration.” Such
adjustment shall be made by the Administrator, whose determination in that
respect shall be final, binding and conclusive. Except as expressly provided
herein, no issuance by the Company of shares of stock of any class, or
securities convertible into shares of stock of any class, shall affect, and no
adjustment by reason thereof shall be made with respect to, the number or price
of shares of Common Stock subject to an Award.

(b)     Dissolution or Liquidation. In the event of the proposed dissolution or
liquidation of the Company, the Administrator shall notify each Awardee as soon
as practicable prior to the effective date of such proposed transaction. The
Administrator in its discretion may provide at any time for an Option to be
fully vested and exercisable until ten (10) days prior to such transaction. In
addition, the Administrator may provide that any restrictions on any Award shall
lapse prior to the transaction, provided the proposed dissolution or liquidation
takes place at the time and in the manner contemplated. To the extent it has not
been previously exercised, an Award will terminate immediately prior to the
consummation of such proposed transaction.

(c)     Change in Control. In the event there is a Change in Control of the
Company, as determined by the Board or a Committee, the Board or Committee may,
in its discretion,

21

--------------------------------------------------------------------------------

(i) provide for the assumption or substitution of, or adjustment to, each
outstanding Award; (ii) accelerate the vesting of Awards and terminate any
restrictions on Awards; and (iii) provide for the cancellation of Awards for a
cash payment to the Awardee.

16.     Amendment and Termination of the Plan.

(a)     Amendment and Termination. The Administrator may amend, alter or
discontinue the Plan or any Award Agreement, but any such amendment shall be
subject to approval of the shareholders of the Company in the manner and to the
extent required by Applicable Law. In addition, without limiting the foregoing,
unless approved by the shareholders of the Company, no such amendment shall be
made that would:

i.    increase the maximum number of Shares for which Awards may be granted
under the Plan, other than an increase pursuant to Section 15 of the Plan;

ii.    reduce the minimum exercise price for Options or SARs granted under the
Plan;

iii.    reduce the exercise price of outstanding Options or SARs; or

iv.    materially expand the class of persons eligible to receive Awards under
the Plan.

(b)     Effect of Amendment or Termination. No amendment, suspension or
termination of the Plan shall impair the rights of any Award, unless mutually
agreed otherwise between the Awardee and the Administrator, which agreement must
be in writing and signed by the Awardee and the Company. Termination of the Plan
shall not affect the Administrator’s ability to exercise the powers granted to
it hereunder with respect to Awards granted under the Plan prior to the date of
such termination.

(c)     Effect of the Plan on Other Arrangements. Neither the adoption of the
Plan by the Board or a Committee nor the submission of the Plan to the
shareholders of the Company for approval shall be construed as creating any
limitations on the power of the Board or any Committee to adopt such other
incentive arrangements as it or they may deem desirable, including without
limitation, the granting of awards otherwise than under the Plan, and such
arrangements may be either generally applicable or applicable only in specific
cases.

17.     Designation of Beneficiary.

(a)    An Awardee may file a written designation of a beneficiary who is to
receive the Awardee’s rights pursuant to Awardee’s Award or the Awardee may
include his or her Awards in an omnibus beneficiary designation for all benefits
under the Plan pursuant to terms and conditions permitted by the Administrator.
To the extent that Awardee has completed a designation of beneficiary while
employed with HP, such beneficiary

22

--------------------------------------------------------------------------------

designation shall remain in effect with respect to any Award hereunder until
changed by the Awardee to the extent enforceable under Applicable Law.

(b)    Such designation of beneficiary may be changed by the Awardee at any time
by written notice. In the event of the death of an Awardee and in the absence of
a beneficiary validly designated under the Plan who is living at the time of
such Awardee’s death, the Company shall allow the executor or administrator of
the estate of the Awardee to exercise the Award, or if no such executor or
administrator has been appointed (to the knowledge of the Company), the Company,
in its discretion, may allow the spouse or one or more dependents or relatives
of the Awardee to exercise the Award to the extent permissible under Applicable
Law.

18.     No Right to Awards or to Employment.

No person shall have any claim or right to be granted an Award and the grant of
any Award shall not be construed as giving an Awardee the right to continue in
the employ of the Company or its Affiliates. Further, the Company and its
Affiliates expressly reserve the right, at any time, to dismiss any Employee or
Awardee at any time without liability or any claim under the Plan, except as
provided herein or in any Award Agreement entered into hereunder.

19.     Legal Compliance.

Shares shall not be delivered pursuant to the exercise of an Option, Stock
Appreciation Right or Stock Award unless the exercise of such Option, Stock
Appreciation Right or Stock Award and the delivery of such Shares shall comply
with Applicable Laws and shall be further subject to the approval of counsel for
the Company with respect to such compliance.

20.     Inability to Obtain Authority.

To the extent the Company is unable to or the Administrator deems it infeasible
to obtain authority from any regulatory body having jurisdiction, which
authority is deemed by the Company’s counsel to be necessary to the lawful
delivery and sale of any Shares hereunder, the Company shall be relieved of any
liability with respect to the failure to deliver or sell such Shares as to which
such requisite authority shall not have been obtained.

21.     Reservation of Shares.

The Company, during the term of this Plan, will at all times reserve and keep
available such number of Shares as shall be sufficient to satisfy the
requirements of the Plan.

22.     Notice.

Any written notice to the Company required by any provisions of this Plan shall
be addressed to the Secretary of the Company and shall be effective when
received.

23

--------------------------------------------------------------------------------

23.     Governing Law; Interpretation of Plan and Awards.

(a)    This Plan and all determinations made and actions taken pursuant hereto
shall be governed by the substantive laws, but not the choice of law rules, of
the state of Delaware.

(b)    In the event that any provision of the Plan or any Award granted under
the Plan is declared to be illegal, invalid or otherwise unenforceable by a
court of competent jurisdiction, such provision shall be reformed, if possible,
to the extent necessary to render it legal, valid and enforceable, or otherwise
deleted, and the remainder of the terms of the Plan and/or Award shall not be
affected except to the extent necessary to reform or delete such illegal,
invalid or unenforceable provision.

(c)    The headings preceding the text of the sections hereof are inserted
solely for convenience of reference, and shall not constitute a part of the
Plan, nor shall they affect its meaning, construction or effect.

(d)    The terms of the Plan and any Award shall inure to the benefit of and be
binding upon the parties hereto and their respective permitted heirs,
beneficiaries, successors and assigns.

(e)    All questions arising under the Plan or under any Award shall be decided
by the Administrator in its total and absolute discretion. In the event the
Awardee believes that a decision by the Administrator with respect to such
person was arbitrary or capricious, the Awardee may request arbitration with
respect to such decision. The review by the arbitrator shall be limited to
determining whether the Administrator’s decision was arbitrary or capricious.
This arbitration shall be the sole and exclusive review permitted of the
Administrator’s decision, and the Awardee shall as a condition to the receipt of
an Award be deemed to explicitly waive any right to judicial review.

(f)    Notice of demand for arbitration shall be made in writing to the
Administrator within thirty (30) days after the applicable decision by the
Administrator. The arbitrator shall be selected by the Administrator. The
arbitrator shall be an individual who is an attorney licensed to practice law in
the State of Delaware. Such arbitrator shall be neutral within the meaning of
the Commercial Rules of Dispute Resolution of the American Arbitration
Association; provided, however, that the arbitration shall not be administered
by the American Arbitration Association. Any challenge to the neutrality of the
arbitrator shall be resolved by the arbitrator whose decision shall be final and
conclusive. The arbitration shall be administered and conducted by the
arbitrator pursuant to the Commercial Rules of Dispute Resolution of the
American Arbitration Association. The decision of the arbitrator on the issue(s)
presented for arbitration shall be final and conclusive and may be enforced in
any court of competent jurisdiction.

24.     Limitation on Liability.

The Company and any Affiliate which is in existence or hereafter comes into
existence shall not be liable to an Employee, an Awardee or any other persons as
to:

24

--------------------------------------------------------------------------------

(a)     The Non-Delivery of Shares. The non-delivery or sale of Shares as to
which the Company has been unable to obtain from any regulatory body having
jurisdiction the authority deemed by the Company’s counsel to be necessary to
the lawful delivery and sale of any Shares hereunder; and

(b)    Tax Consequences. Any tax consequence expected, but not realized, by any
Awardee, Employee, Awardee or other person due to the receipt, exercise or
settlement of any Option or other Award granted hereunder.

25.     Unfunded Plan.

Insofar as it provides for Awards, the Plan shall be unfunded. Although
bookkeeping accounts may be established with respect to Awardees who are granted
Stock Awards under this Plan, any such accounts will be used merely as a
bookkeeping convenience. The Company shall not be required to segregate any
assets which may at any time be represented by Awards, nor shall this Plan be
construed as providing for such segregation, nor shall the Company or the
Administrator be deemed to be a trustee of stock or cash to be awarded under the
Plan. Any liability of the Company to any Awardee with respect to an Award shall
be based solely upon any contractual obligations which may be created by the
Plan; no such obligation of the Company shall be deemed to be secured by any
pledge or other encumbrance on any property of the Company. Neither the Company
nor the Administrator shall be required to give any security or bond for the
performance of any obligation which may be created by this Plan.

102019764\V-5

25