# EDGAR Filing Document

**Accession Number:** 0000313216
**File Stem:** 0001193125-23-042951
**Filing Date:** 2023-2
**Character Count:** 107716
**Document Hash:** f9c4d0ff5487f2085f134d4248b3b432
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-042951.hdr.sgml**: 20230221

**ACCESSION NUMBER**: 0001193125-23-042951

**CONFORMED SUBMISSION TYPE**: S-8 POS

**PUBLIC DOCUMENT COUNT**: 4

**FILED AS OF DATE**: 20230221

**DATE AS OF CHANGE**: 20230221

**EFFECTIVENESS DATE**: 20230221

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** KONINKLIJKE PHILIPS NV
- **CENTRAL INDEX KEY:** 0000313216
- **STANDARD INDUSTRIAL CLASSIFICATION:** X-RAY APPARATUS & TUBES & RELATED IRRADIATION APPARATUS [3844]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** P7
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-8 POS
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-186849
- **FILM NUMBER:** 23645347

**BUSINESS ADDRESS:**
- **STREET 1:** BREITNER CENTER
- **STREET 2:** AMSTELPLEIN 2
- **CITY:** AMSTERDAM
- **STATE:** P7
- **ZIP:** 1096 BC
- **BUSINESS PHONE:** 31 20 59 77777

**MAIL ADDRESS:**
- **STREET 1:** BREITNER CENTER
- **STREET 2:** AMSTELPLEIN 2
- **CITY:** AMSTERDAM
- **STATE:** P7
- **ZIP:** 1096 BC

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** KONINKLIJKE PHILIPS ELECTRONICS NV
- **DATE OF NAME CHANGE:** 19981217

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PHILIPS ELECTRONICS N V
- **DATE OF NAME CHANGE:** 19930727

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PHILIPS NV
- **DATE OF NAME CHANGE:** 19910903

**As filed with the Securities and Exchange Commission on February 21, 2023** 

**Registration No. 333-186849** 

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**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

------

**Post-Effective Amendment No. 3 to Form S-8 Registration** 

**Statement No. 333-186849** 

***UNDER THE***

***SECURITIES ACT OF 1933***

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## Koninklijke Philips N.V.
**(Exact Name of Registrant as Specified in Its Charter)** 

------

## Royal Philips
**(Registrant's Name for Use in English)** 

------

**The Netherlands** 

**(State or Other Jurisdiction of Incorporation or Organization)** 

**None** 

**(I.R.S. Employer Identification Number)** 

**Philips Center, Amstelplein 2, 1096 BC Amsterdam, The Netherlands** 

**(Address of Principal Executive Offices)** 

**Koninklijke Philips Electronics N.V. Nonqualified Stock Purchase Plan (2013)** 

**Global Royal Philips Electronics Long-Term Incentive Plan applicable to executives and key** 

**employees (excluding the Board of Management and Executive Committee) (2013)** 

**Global Royal Philips Electronics Long-Term Incentive Plan applicable to the members of the Board** 

**of Management of Koninklijke Philips Electronics N.V. (2013)** 

**Global Royal Philips Electronics Long-Term Incentive Plan applicable to the members of the** 

**Executive Committee (excluding the Board of Management) of Koninklijke Philips Electronics N.V. (2013)** 

**Philips North America Nonqualified Stock Purchase Plan (2017)** 

**Global Philips Performance Share Plan applicable to non-executives (excluding Executive** 

**Committee) of Koninklijke Philips N.V. (2018)** 

**Global Philips Performance Share Plan applicable to the Board of Management) of Koninklijke** 

**Philips N.V. (2018)** 

**Global Philips Performance Share Plan applicable to the Executive Committee (excluding Board of** 

**Management) of Koninklijke Philips N.V. (2018)** 

**Global Philips Restricted Share Rights Plan applicable to non-executives) (excluding Executive** 

**Committee) of Koninklijke Philips N.V. (2018)** 

**Global Philips Restricted Share Rights Plan applicable to the Executive Committee (excluding** 

**Board of Management) of Koninklijke Philips N.V. (2018)** 

**Global Philips Performance Share Plan applicable to non-executives (excluding Executive** 

**Committee) of Koninklijke Philips N.V. (2020)** 

**Global Philips Performance Share Plan applicable to the Board of Management of Koninklijke** 

**Philips N.V. (2020)** 

**Global Philips Performance Share Plan applicable to the Executive Committee (excluding Board of** 

**Management) of Koninklijke Philips N.V. (2020)** 

**Philips North America Nonqualified Stock Purchase Plan (2022)** 

**Global Philips Stock Option Plan for eligible (non-)executives (2023)** 

**(Full Title of the Plan)** 

**Ling Liu** 

**3000 Minuteman Road** 

**MS 4104** 

**Andover, MA 01810** 

**United States** 

**(978) 659 3000** 

**(Name, Address and Telephone Number of Agent for Service)** 

***Please Send Copies of Communications to:***

**Evan Simpson** 

**Sullivan & Cromwell LLP** 

**1 New Fetter Lane** 

**London EC4A 1AN** 

**United Kingdom** 

**+44 (0)20 7959-8426** 

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Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "non-accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act. (Check one)

---

| | | | |
|:---|:---|:---|:---|
| Large accelerated filer | ☒ | Accelerated filer | ☐ |
| Non-accelerated filer | ☐ | Smaller reporting company | ☐ |
|  |  | Emerging growth company | ☐ |

---

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

------

**<u>EXPLANATORY NOTE</u>**

On February 25, 2013, Koninklijke Philips Electronics N.V. (now named Koninklijke Philips N.V.) filed the Registration Statement on Form S-8 (File No. 333-186849) (the "<u>Registration Statement</u>") with the Securities and Exchange Commission (the "<u>Commission</u>") to register 10,000,000 common shares, par value 0.20 euro per share, under the Koninklijke Philips N.V. Nonqualified Stock Purchase Plan (incorporated therein by reference to Exhibit 4.1 of Koninklijke Philips N.V's registration statement on Form S-8 (File No. 333-165017), filed with the Commission on February 22, 2010) (the "<u>2013 ESPP</u>"), together with an indeterminate amount of interests to be offered or sold thereunder, and 87,500,000 common shares, par value 0.20 euro per share, under:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Global Royal Philips Electronics Long-Term Incentive Plan applicable to executives and key employees
(excluding the Board of Management and Executive Committee) (the " <u>2013 NE PS LTIP</u> ");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Global Royal Philips Electronics Long-Term Incentive Plan applicable to the members of the Board of
Management of Koninklijke Philips Electronics N.V. (the " <u>2013 BM PS LTIP</u> "); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Global Royal Philips Electronics Long-Term Incentive Plan applicable to the members of the Executive
Committee (excluding the Board of Management) of Koninklijke Philips Electronics N.V (the " <u>2013 EC PS LTIP</u> ", and collectively with the 2013 NE PS LTIP and the 2013 BM PS LTIP, the " <u>2013 LTIPs</u> ").

On February 27, 2019, the registrant filed Post-Effective Amendment No. 1 to the Registration Statement to reflect the adoption of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the amended and restated Philips North America Nonqualified Stock Purchase Plan (the " <u>2017 ESPP</u> ");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Global Philips Performance Share Plan applicable to non-executives (excluding Executive Committee) (the " <u>2018 NE PS LTIP</u> ");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Global Philips Performance Share Plan applicable to the Board of Management (the " <u>2018 BM PS LTIP</u> ");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Global Philips Performance Share Plan applicable to the Executive Committee (excluding Board of Management)
(the " <u>2018 EC PS LTIP</u> ", together with the 2018 NE PS LTIP and the 2018 BM PS LTIP, the " <u>2018 Replaced LTIPs</u> ");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Global Philips Restricted Share Rights Plan applicable to non-executives (excluding Executive Committee) (the " <u>2018 NE PRS LTIP</u> "); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Global Philips Restricted Share Rights Plan applicable to the Executive Committee (excluding Board of
Management) (the " <u>2018 EC PRS LTIP</u> ", and together with the 2018 NE PRS LTIP, the " <u>2018 Continuing LTIPs</u> ", and the 2018 Continuing LTIPs together with the 2018 Replaced LTIPs, the " <u>2018 LTIPs</u> ").

On February 23, 2021, the registrant filed Post-Effective Amendment No. 2 to the Registration Statement to reflect the adoption of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Global Philips Performance Share Plan applicable to non-executives (excluding Executive Committee) (the " <u>2020 NE PS LTIP</u> ");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Global Philips Performance Share Plan applicable to the Board of Management (the " <u>2020 BM PS LTIP</u> "); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Global Philips Performance Share Plan applicable to the Executive Committee (excluding Board of Management)
(the " <u>2020 EC PS LTIP</u> ", and together with the 2020 NE PS LTIP and the 2020 BM PS LTIP, the " <u>2020 LTIPs</u> ").

------

After giving effect to Post-Effective Amendment No. 1 to the Registration Statement, an aggregate of up to 5,380,110 common shares had been registered for offering pursuant to the 2017 ESPP and an aggregate of up to 58,946,895 common shares had been registered for offering pursuant to the 2018 LTIPs.

After giving effect to Post-Effective Amendment No. 2 to the Registration Statement, an aggregate of up to 2,287,003 common shares had been registered for offering pursuant to the 2017 ESPP and an aggregate of up to 45,149,805 common shares had been registered for offering pursuant to the 2018 Continuing LTIPs and the 2020 LTIPs.

The registrant is filing this Post-Effective Amendment No. 3 to the Registration Statement to reflect the adoption of (i) the amended and restated Philips North America Nonqualified Stock Purchase Plan (the "<u>2022 ESPP</u>") to replace the 2017 ESPP; and (ii) the Global Philips Stock Option Plan for eligible (non-)executives (the "<u>2023 GSOP</u>"), pursuant to which options to purchase common shares may be awarded. No additional securities are being registered hereby. The 2022 ESPP is attached hereto as Exhibit No. 4.6 to the Registration Statement, and the 2023 GSOP is attached hereto as Exhibit 4.7 to the Registration Statement.

The registrant is also filing this Post-Effective Amendment No. 3 to the Registration Statement to reflect the deregistration of the 2017 ESPP and all plan interests thereunder. No further awards will be granted under the 2017 ESPP. No plan interests are required to be registered under the 2022 ESPP.

The total number of common shares that have been or that may be registered for offering pursuant to the 2018 Continuing LTIPs, the 2020 LTIPs, the 2022 ESPP, and the 2023 GSOP, together with the common shares that have been registered for offering pursuant to the 2013 LTIPs, the 2013 ESPP, the 2017 ESPP, and the 2018 Replaced LTIPs, collectively will not exceed the aggregate 97,500,000 common shares originally registered for offering under the 2013 LTIPs and the 2013 ESPP.

After giving effect to Post-Effective Amendment No. 3 to the Registration Statement and after taking into account the shares that have been purchased under the 2017 ESPP and the shares that have been or may be delivered by the registrant pursuant to awards granted under the 2018 LTIPs and 2020 LTIPs that have vested or may vest, an aggregate of up to 39,195,851 common shares have been registered for offering pursuant to the 2018 Continuing LTIPs, the 2020 LTIPs, the 2022 ESPP, and the 2023 GSOP following the date hereof.

This Post-Effective Amendment No. 3 to the Registration Statement shall become effective upon filing with the Commission pursuant to Rule 464 under the Securities Act of 1933, as amended (the "<u>Securities Act</u>"). In connection with the initial filing of the Registration Statement, the registrant paid the requisite registration fees of $390,060 to register the aggregate 97,500,000 common shares. In accordance with SEC Compliance and Disclosure Interpretation 126.43, no new filing fee is due with respect to this Post-Effective Amendment No. 3 to the Registration Statement.

------

**PART I** 

**INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS** 

This registration statement on Form S-8 registers common shares, par value 0.20 euro per share of Koninklijke Philips N.V., which may be offered in connection with the plans set forth on the facing page of this registration statement.

As permitted by Rule 428 under the Securities Act, this registration statement omits the information specified in Part I of Form S-8. We will deliver the documents containing the information specified in Part I to the participants in the plans covered by this registration statement as required by Rule 428(b). We are not filing these documents with the Commission as part of this registration statement or as prospectuses or prospectus supplements pursuant to Rule 424 of the Securities Act.

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**PART II** 

**INFORMATION REQUIRED IN THE REGISTRATION STATEMENT** 

**Item 1.** **Incorporation of Documents by Reference** <br>

The Commission allows us to "incorporate by reference" the information we file with them, which means that we can disclose important information to you by referring you to those documents. The information incorporated by reference is considered to be part of this registration statement, and subsequent information that we file with the Commission will automatically update and supersede this information. Information set forth in this registration statement supersedes any previously filed information that is incorporated by reference into this registration statement. We incorporate by reference into this registration statement the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Our Annual Report on Form 20-F for the fiscal year ended December 31, 2022 (File No. 001-05146-01) filed with the Commission on February 21, 2023; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The description of the registrant's common shares, par value 0.20 euro per share, set forth in its Form 6-K (File No. 001-05146-01, Film No. 19634210) filed with the Commission on February 26, 2019, as updated by the description of the registrant's common shares, par value 0.20 euro per share, set forth in Exhibit 2 of its Form 20-F (File No. 001-05146-01) filed with the Commission on February 25, 2020.

In addition, to the extent designated therein, certain reports on Form 6-K and all documents filed by Koninklijke Philips N.V. under sections 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934 after the date of this registration statement, but prior to the filing of a post-effective amendment which indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold shall be deemed to be incorporated by reference into this registration statement and to be part of this registration statement from the date of filing of such reports.

**Item 2.** **Description of Securities** <br>

Not applicable.

**Item 3.** **Interests of Named Experts and Counsel** <br>

Not applicable.

**Item 4.** **Indemnification of Directors and Officers** <br>

The articles of association of Koninklijke Philips N.V. provide that, unless the law requires otherwise, the members of the board of management and of the supervisory board shall be reimbursed by Koninklijke Philips N.V. for various costs and expenses, including the reasonable costs of defending claims. Under certain circumstances, described in the articles of association of Koninklijke Philips N.V., such as if an act or failure to act by a member of the board of management or the supervisory board can be characterized as intentional ('opzettelijk'), intentionally reckless ('bewust roekeloos') or seriously culpable ('ernstig verwijtbaar'), there will be no entitlement to this reimbursement unless the law or the principles of reasonableness and fairness require otherwise.

Members of the board of management, the supervisory board and certain officers of Koninklijke Philips N.V. are, to a limited extent, insured under an insurance policy against damages resulting from their conduct when acting in their capacities as such.

**Item 5.** **Exemption from Registration Claimed** <br>

Not applicable.

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**Item 6.** **Exhibits** <br>

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| | |
|:---|:---|
| Exhibit No. | Description |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1 | [Global Philips Performance Share Plan applicable to non-executives (excluding Executive Committee) of Koninklijke Philips N.V. (incoporated herein by reference to Exhibit 4.3 to Royal Philips' Post-Effective Amendment No. 2 to its registration statement on Form S-8 (File No. 333-186849), filed with the commission on February 23, 2021).](http://www.sec.gov/Archives/edgar/data/313216/000119312521052415/d233041dex43.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2 | [Global Philips Performance Share Plan applicable to the Board of Management of Koninklijke Philips N.V. (incorporated herein by reference to Exhibit 4(d) to Royal Philips' Annual Report on Form 20-F (File No. 001-05146-01), filed with the commission on February 23, 2021).](http://www.sec.gov/Archives/edgar/data/313216/000031321621000008/phg-exhibit4d.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.3 | [Global Philips Performance Share Plan applicable to the Executive Committee (excluding Board of Management) of Koninklijke Philips N.V. (incoporated herein by reference to Exhibit 4.5 to Royal Philips' Post-Effective Amendment No. 2 to its registration statement on Form S-8 (File No. 333-186849), filed with the commission on February 23, 2021)](http://www.sec.gov/Archives/edgar/data/313216/000119312521052415/d233041dex45.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.4 | [Global Philips Restricted Share Rights Plan applicable to non-executives (excluding Executive Committee) of Koninklijke Philips N.V (incorporated herein by reference to Exhibit 4.6 to Royal Philips' Post-Effective Amendment No. 1 to its registration statement on Form S-8 (File No. 333-186849), filed with the commission on February 27, 2019).](http://www.sec.gov/Archives/edgar/data/313216/000119312519052279/d705857dex46.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.5 | [Global Philips Restricted Share Rights Plan applicable to the Executive Committee (excluding Board of Management) of Koninklijke Philips N.V. (incorporated herein by reference to Exhibit 4.7 to Royal Philips' Post-Effective Amendment No. 1 to its registration statement on Form S-8 (File No. 333-186849), filed with the commission on February 27, 2019).](http://www.sec.gov/Archives/edgar/data/313216/000119312519052279/d705857dex47.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.6 | [Amended and Restated Philips North America Nonqualified Stock Purchase Plan.](d463346dex46.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.7 | [Global Philips Stock Option Plan for eligible (non-)executives.](d463346dex47.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;23.1  | [Consent of Ernst & Young Accountants LLP, an Independent Registered Public Accounting Firm.](d463346dex231.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;24 | [Power of Attorney (included on signature page).](#sig) |

---

**Item 7.** **Undertakings** <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The undersigned registrant hereby undertakes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) to include any prospectus required by Section 10(a)(3) of the Securities Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) to reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20 percent change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective registration statement; and

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) to include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement; *provided*, *however*, that if the information required to be included in a post-effective amendment by paragraphs (a)(1)(i) and (ii) above is contained in periodic reports filed with or furnished to the Commission by the registrant pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in this Registration Statement, paragraphs (a)(1)(i) and (ii) shall not apply;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) That, for the purpose of determining any liability under the Securities Act each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial *bona fide* offering thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.

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**SIGNATURES OF ROYAL PHILIPS** 

Pursuant to the requirements of the Securities Act, KONINKLIJKE PHILIPS N.V. certifies that it has reasonable grounds to believe that it meets all of the requirements for filing of this Post-Effective Amendment No. 3 to the Registration Statement on Form S-8 (333-186849) and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Amsterdam, The Netherlands, on February 21, 2023.

KONINKLIJKE PHILIPS N.V.

By: /s/ M.J. van Ginneken

Name: M.J. van Ginneken

Title: Chief ESG & Legal Officer and

Member of the Board of Management

KNOW ALL MEN BY THESE PRESENTS that each individual whose signature appears below constitutes and appoints each of Ling Liu and each director of Philips North America LLC, each acting individually, as his or her true and lawful attorney-in-fact and agent with full power of substitution, for him and her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement, and to file the same with all exhibits thereto, and all documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorney-in-fact and agent full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he or her might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act, this Registration Statement has been signed by the following persons in the indicated capacities on February 21, 2023.

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| | |
|:---|:---|
| Name | Title |
| /s/ R.W.O. Jakobs<br> R.W.O. Jakobs | Chief Executive Officer and Chairman of the Board of Management |
| /s/ A. Bhattacharya<br> A. Bhattacharya | Chief Financial Officer and Member of the Board of Management |
| /s/ M.J. van Ginneken<br> M.J. van Ginneken | Chief ESG & Legal Officer and Member of the Board of Management |
| /s/ F. Sijbesma<br> F. Sijbesma | Chairman of the Supervisory Board |
| /s/ S.K. Chua<br> S.K. Chua | Member of the Supervisory Board |
| /s/ M.E. Doherty<br> M.E. Doherty | Member of the Supervisory Board |
| /s/ A.M. Harrison<br> A.M. Harrison | Member of the Supervisory Board |
| /s/ P. Löscher<br> P. Löscher | Member of the Supervisory Board |
| /s/ I.K. Nooyi<br> I.K. Nooyi | Member of the Supervisory Board |

---

------

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| | |
|:---|:---|
| Name | Title |
|  /s/ S.J. Poonen<br> S.J. Poonen | Member of the Supervisory Board |
|  /s/ D.E.I. Pyott<br> D.E.I. Pyott | Member of the Supervisory Board |
|  /s/ P.A.M. Stoffels<br> P.A.M. Stoffels | Member of the Supervisory Board |
|  /s/ H.W.P.M.A. Verhagen<br> H.W.P.M.A. Verhagen | Member of the Supervisory Board |
| /s/ L. Liu<br> L. Liu | Authorized Representative in the United States |

---

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**SIGNATURE OF PHILIPS NORTH AMERICA NONQUALIFIED STOCK PURCHASE PLAN** 

Pursuant to the requirements of the Securities Act, the trustees (or other persons who administer the employee benefit plan) have duly caused this Registration Statement to be signed on its behalf by the undersigned thereunto duly authorized in the City of Andover, State of Massachusetts, on February 21, 2023.

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| | |
|:---|:---|
|  PHILIPS NORTH AMERICA | PHILIPS NORTH AMERICA |
|  NONQUALIFIED STOCK PURCHASE PLAN | NONQUALIFIED STOCK PURCHASE PLAN |
| By: | /s/ L. Liu |
|  Name: L. Liu | Name: L. Liu |
|  Title: Chairwoman, Stock Purchase Plan Committee | Title: Chairwoman, Stock Purchase Plan Committee |

---

## Exhibit 4.6

**Exhibit 4.6** 

**Philips North America** 

**Nonqualified Stock Purchase Plan** 

**(as amended and restated as of October 24, 2022)** 

**1.** **General** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1 <u>Plan Name</u>. Philips North America Nonqualified Stock Purchase Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2 <u>Effective Date</u>. Amended and restated effective October 24, 2022.

**2.** **Definitions** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1 <u>"Administrator"</u>: A third party appointed by the Committee to provide administrative services
for the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2 <u>"Affiliate"</u>: Present or future subsidiary of the Company, where the Company owns directly or
indirectly at least 80% of the subsidiary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3 <u>"Board"</u>: The Board of Managers of Philips North America LLC.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4 <u>"Code"</u>: Internal Revenue Code of 1986, as amended.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.5 <u>"Committee"</u>: Committee of not less than 3, nor more than 5 members appointed by the Board or
its designee and responsible for administration of the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.6 <u>"Common Shares"</u>: Common shares of Koninklijke Philips N.V.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.7 <u>"Company"</u>: Koninklijke Philips N.V.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.8 <u>"Contribution Account"</u>: A Participant's accumulated payroll deductions in a Participation
Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.9 <u>"Earnings"</u>: Earnings include a Participant's cash compensation received during the
Participation Period from salary and wages.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Salary and wages include overtime pay, bonuses (except as provided below), holiday pay, vacation pay, patent
awards for any calendar year, commissions, shift differential premiums, short-term disability payments and salary, overtime and bonuses (pursuant to a division sale) which are paid as part of the normal arrears pay cycle. Any amounts paid to a
Participant as compensation for services will not fail to be treated as Earnings under the Plan merely because the compensation is not includible in the Participant's gross income due to the location of the services. Additionally, a
Participant's compensation for services will not fail to be treated as Earnings under the Plan merely because those amounts are paid by an Employer with respect to which all compensation paid to the Participant by such Employer is excluded from
gross income.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Salary and wages exclude bonuses (whether discretionary or contractual) exceeding 100% of a Participant's
annual base salary in effect at the time bonuses are paid.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Salary and wages also do not include: expense allowances or reimbursements; deferred compensation; lump sum
severance and accrued vacation payments; amounts realized from the exercise of non-statutory stock options (other than a statutory option defined in Section 1.421-1(b) of the Department of Labor Regulations); amounts realized when restricted stock or other property held by a Participant either becomes freely transferable or is no longer subject to a
substantial risk of forfeiture; amounts realized from the sale, exchange, or other disposition of stock acquired under a statutory stock option; other amounts that receive tax benefits; cash payments received for waiving employer-sponsored medical
or dental benefit plans (including any matching contributions relating thereto); distributions from any long-term incentive plan; perquisites; long-term disability payments; special payments such as moving and living allowances, sign-on bonuses, retainers, lump sum stay bonuses and similar special payments; and any long-term key employee compensation program. (See Appendix A for applicable definition for Philips Canada employees which
replaces the foregoing definition.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.10 <u>"Eligible Employee"</u>: Each U.S. based salaried or hourly Full-Time Employee who is employed by
an Employer and with respect to whom salary deductions can be administered, other than an Excluded Employee. For purposes of this Plan, the term "employee" includes only persons treated as such on the Employer's payroll and personnel
records at the time such determination is made. Persons treated by the Employer as contingent workers (including independent contractors, third-party payroll workers, employees of consulting firms and temporary help agencies, even if leased
employees within the meaning of Section 414(n)(2) of the Code) at the time of the determination of the person's status are specifically excluded. Employees acquired in an asset or stock acquisition, merger or similar transaction are
excluded from eligibility until the Employer extends coverage to them.

Eligibility status at the time of a determination of a person's employment status shall not be changed as a result of the retroactive re-classification of the person's employment status. Therefore, notwithstanding anything else herein to the contrary, any person treated as a contingent worker on the payroll and personnel records of the Employer at the time the determination is made shall in no event be retroactively eligible for participation in the plan during the period covered by such determination. (See Appendix A for applicable definition for Philips Canada employees which replaces the foregoing definition.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.11 <u>"Employer"</u>: Employer includes Philips Canada, Philips North America LLC and any Affiliate in
the U.S. which is designated by Philips North America LLC from time to time (i) as a participating employer in its company-sponsored tax-

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qualified defined contribution plan or (ii) as an Employer under this Plan. (See Appendix A for applicable definition for Philips Canada employees.) Effective as of April 1, 2017, Employer does not include Philips Lighting North America Corporation, Genlyte Thomas Group LLC and Strand Lighting, LLC. Participation of an Employer shall terminate automatically if, at any time, the Employer fails to qualify as an "Affiliate." Notwithstanding anything herein to the contrary, the Board or the Committee may terminate the participation of any Employer under this Plan at any time, without notice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.12 <u>"Employer Contribution"</u>: The amount contributed by a Participant's Employer to a
Participant's Contribution Account pursuant to this Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.13 <u>"Exchange Act"</u>: The U.S. Securities Exchange Act of 1934, as amended, and all rules and
regulations thereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.14 <u>"Excluded Employee"</u>: Those employees of any Employer who shall, from time to time, be
ineligible to participate in the Plan, as determined by the Committee in accordance with the terms and conditions of the Plan and as specified herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.15 <u>"Full-Time Employee"</u>: Any employee of an Employer who is regularly scheduled to work a minimum
of thirty (30) hours per week and at least 1,500 hours per calendar year and is not designated as a student employee by the Employer. The employment of a Full-Time Employee is referred to herein as "Full-Time Employment." (See
Appendix A for applicable definition for Philips Canada employees.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.16 <u>"NYSE"</u>: New York Stock Exchange.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.17 <u>"Participant"</u>: An Eligible Employee who has enrolled in the Plan pursuant to procedures set
out in the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.18 <u>"Participation Period"</u>: The "Participation Period" is each month, beginning with the
August 2022 Purchase Date(s) for accumulated payroll deductions in July 2022. Prior to August 1, 2022, the Participation Period was defined as each three-month period beginning each January 1, April 1, July 1 and October 1.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.19 <u>"Philips Canada"</u>: Philips Electronics Ltd. and Canadian Affiliates (as defined in Appendix A).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.20 <u>"Plan"</u>: This Philips North America Stock Purchase Plan (as amended and restated as of
October 24, 2022).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.21 <u>"Plan Year"</u>: The 12-month period beginning each August
1. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.22 <u>"Purchase Date(s)"</u>: The date (or dates) on which purchases on the open market for a
Participation Period for the purposes of the Plan are settled, it being understood that the Administrator will acquire the Common Shares on behalf of Participants after the close of the applicable Participation Period, as soon

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thereafter, as practicable; provided, however, that if acquiring all of the Common Shares would cause the Administrator to exceed the conditions of Rule 10b-18 of the Exchange Act or violate any other provisions of the Securities Act or Exchange Act, then the Administrator shall purchase the Common Shares as soon thereafter, as practicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.23 <u>"Purchase Price"</u>: The average cost of the Common Shares purchased on the Purchase Date(s) for
the Participation Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.24 <u>"Retirement"</u>: Termination of employment on account of retirement if entered as such in the
Participant's electronic personnel record.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.25 <u>"Securities Act"</u>: The U.S. Securities Act of 1933, as amended, and all rules and regulations
thereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.26 <u>"Trading Date"</u>: Each date on which stocks in the U.S. are traded on the NYSE.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.27 <u>"Share Account"</u>: A Participant's accumulated Common Shares purchased under the Plan, held
by the Administrator.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.28 <u>"Share Purchase Right"</u>: A Participant's right to apply the cash balance in his or her
Contribution Account to the purchase of Common Shares in accordance with the terms of the Plan.

**3.** **Participation** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1 <u>Eligibility</u>. Each Eligible Employee may become a Participant as soon as administratively possible
following Full-Time Employment, except that Eligible Employees covered by a collective bargaining agreement will only be eligible in accordance with such collective bargaining agreement. (See Appendix A for applicable definition for Philips Canada
employees.) Subject to the other terms and conditions of the Plan, each Eligible Employee may enroll as a Participant upon attaining eligibility.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2 <u>Enrollment</u>. As part of enrollment, each Eligible Employee shall authorize payroll deduction from
Earnings. The payroll deduction shall be calculated based on the elected percentage of Earnings before taxes are deducted (gross pay). However, the deduction is made on an after-tax basis. Enrollment and
payroll deduction shall remain in effect for subsequent Participation Periods, unless changed by the Eligible Employee or otherwise limited under the terms of the Plan.

Payroll deduction percent changes may be made at any time during the Participation Period and will take effect as soon as administratively possible. See Section 4.1 below for further information on a voluntary discontinuance of deductions.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.3 <u>Re-hire</u>. A person who returns to active employment with an
Employer as an Eligible Employee following termination of employment or Retirement may re-enroll in the Plan as soon as administratively possible following re-hire. An
Eligible Employee who has voluntarily discontinued payroll deductions may re-enroll in the Plan at any time.

**4.** **Termination of Participation** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1 <u>Voluntary Discontinuance</u>. Participants may discontinue payroll deductions by making a request to change
their payroll deductions to the Administrator. This discontinuance in payroll deductions for a Participation Period will take effect as soon as administratively possible. Following such discontinuance any balance in the Participant's
Contribution Account at the end of the Participation Period shall be used to purchase Common Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2 <u>Employment Termination, Transfer to a Nonparticipating Affiliate or Death</u>. Payroll deductions cease upon
employment termination, transfer to a nonparticipating Affiliate or death of a Participant during a Participation Period and each such Participant will be deemed to have discontinued Plan participation on the first day of such Participation Period.
Any balance in the Participant's Contribution Account at that time shall be refunded without interest to the Participant by the first pay period that follows the end of the Participation Period in which the termination occurs.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.3 <u>Retirement</u>. Payroll deductions cease at Retirement. The balance credited to the Participant's
Contribution Account shall be used to purchase Common Shares on the Purchase Date of the Participation Period in which Retirement occurs.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.4 <u>Unpaid Leave of Absence</u>. Payroll deductions cease when the Participant begins an unpaid leave of
absence. The balance credited to the Participant's Contribution Account shall be used to purchase Common Shares on the Purchase Date for the Participation Period in which the unpaid leave of absence begins. If an Eligible Employee returns from
an unpaid leave of absence to Full-Time Employment, that Eligible Employee will be automatically re-enrolled in the Plan at the prior authorized deduction level, and payroll deductions will take effect as soon
as administratively possible, unless changed by the Eligible Employee or otherwise limited under the terms of the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.5 <u>Sale of Shares</u>. A Participant may sell any Common Shares in the Plan at any time without restriction,
other than as may be restricted by insider trading rules.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) A Participant who terminates employment (including an employee who transfers to a nonparticipating Affiliate)
has one hundred eighty (180) days from his termination of employment or Retirement to sell or transfer the Common Shares in the Participant's Share Account. If no action is taken by such a Participant within such time period, the
Administrator will automatically sell any Common Shares in the Share Account on the

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Participant's behalf as soon as administratively possible after the end of the 180-day period. Notwithstanding the foregoing, Participants who experienced a termination of employment or Retirement prior to January 1, 2019, and are not listed as deceased in the Administrator's systems shall have a one-time window beginning on January 1, 2019 and ending on April 1, 2019, to sell or transfer the Common Shares in their Share Accounts, at the end of the which any remaining Common Shares in their Share Accounts will be sold by the Administrator. The provisions in this Section 4.5(a), effective as of January 1, 2019, shall not apply for Philips Canada employees until specifically adopted for Philips Canada employees by the Committee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.6 <u>Dissolution, Merger, and Consolidation</u>. Upon dissolution or liquidation of the Company or upon a merger
or consolidation of the Company or a subsidiary or division of the Company in which the Company or the relevant subsidiary or division is not the surviving corporation, any balance in the Participant's Contribution Account at that time shall be
refunded without interest to the Participant by the first pay period that follows the end of the Participation Period in which the dissolution, liquidation, merger or consolidation occurs, unless the Committee in its sole discretion determines
otherwise.

**5.** **Available Shares** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1 <u>Available Shares</u>. Common Shares available for purchase by Participants under the Plan will be authorized
and issued Common Shares acquired by the Administrator on behalf of Participants, through the facilities of NYSE for the purposes of the Plan. The acquisition of Common Shares shall comply with applicable laws, Rule 10b-18 of the Exchange Act, and NYSE rules.

**6.** **Purchasing Shares.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1 <u>Contribution Accounts</u>. Payroll deductions authorized by the Participant shall be credited to the
Participant's Contribution Account, without interest. All Contribution Accounts will be maintained by the Administrator. Amounts credited to a Participant's Contribution Account as of a Purchase Date(s) shall be used to purchase Common
Shares for the Participant on the Purchase Date(s) at the Purchase Price.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.2 <u>Dividends</u>. The Company is entitled, in its sole discretion, to determine the manner in which any
dividend on any Common Shares acquired by a Participant pursuant to this Plan is paid to such Participant. The dividend may be paid in stock or in cash at the Company's discretion. Any dividend to be paid to such Participant in cash shall be
reinvested upon their distribution (after withholding of applicable Dutch tax) into the Participant's Contribution Account and the net amount (after withholding tax) used to purchase additional Common Shares for a Participant at the prevailing
market price. For greater certainty, no Employer Contribution shall be made in respect of purchases of Common Shares by a

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Participant using dividends. In the event a dividend is paid in cash, such dividend shall first be declared in Euros, but will be paid in U.S. dollars converted at the U.S. Dollar/Euro rate fixed by the European Central Bank on a date to be announced by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3 <u>Employee Contributions</u>. Participants may contribute any whole percentage between 1 percent and
10 percent of their Earnings. No Eligible Employee shall be permitted to contribute more than a total of $20,000 ($20,000 Canadian dollars for Canadian employees) of payroll deductions to his or her Contribution Account for all Participation
Periods during any calendar year. Notwithstanding the foregoing, the Employer may cause a Participant's payroll deduction to be decreased to 0%. The Committee will establish procedures for making changes in the level of payroll deductions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.4 <u>Employer Contributions</u>. Each Employer shall contribute to a Participant's Contribution Account for
each Participation Period such amount so that 15 percent of the Purchase Price for each Common Share purchased under the Plan for a Participant is funded by the Employer Contribution. The Employer may, with sixty (60) days' notice to
Eligible Employees, change such percentage for the Employer Contribution.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.5 <u>Share Certificates</u>. As soon as reasonably practicable following each Purchase Date, Common Shares
purchased under this Plan shall be credited to the Participant's Share Account. Physical delivery of share certificates will be provided to Participants upon request.

**7.** **Amendment and Termination** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1 <u>Amendment</u>. The Board or the Committee may amend the Plan, at any time. Participants will receive timely
notice of any amendments to the Plan. No amendment shall be made which adversely affects Participants' entitlements under this Plan with respect to employee contributions which have been made prior to the date of such amendment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.2 <u>Termination</u>. The Board or the Committee may suspend or terminate the Plan at any time. If the Plan is
suspended or terminated, the Committee shall give notice to affected Participants, terminate all payroll deductions and, at its discretion, apply any balances remaining in Participants' Contribution Accounts to the purchase of Common Shares or
pay Participants any balances (without interest) remaining in their Contribution Accounts as soon as practicable following the termination of the Plan.

**8.** **General Provisions** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1 <u>Administration</u>. The Committee shall be responsible for the administration of the Plan. The Committee
shall have full authority to administer the Plan (except the power to designate an Affiliate as an Employer) including authority to:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• establish rules and procedures for Plan administration not inconsistent with the terms of the Plan document
(including, but not limited to, procedures pursuant to which the Company may withhold or debit Common Shares held in a Participant's Share Account in an amount (based on the fair market value of such Common Shares as of the date such Common
Shares are withheld or debited) sufficient to cover all expenses incurred in connection with administration of such account, notwithstanding that thereby the balance of Common Shares in a Participant's Share Account may be reduced to zero and
the Participant's Share Account terminated);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• interpret terms and provisions of the Plan;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• determine all questions arising under the Plan, including correction of any defect, omission or inconsistency of
the Plan;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• amend or terminate the Plan, including amending the Plan to reflect changes in applicable law; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• delegate administrative responsibilities under the Plan, including the responsibility to keep records of
individual benefits, but not its power to amend or terminate the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2 <u>Rights not Transferable</u>. Participants may not transfer Share Purchase Rights granted under the Plan. No
Share Purchase Right shall be subject to execution, attachment, or similar process. Any attempt to assign, transfer, attach, or otherwise dispose of any Share Purchase Right shall be null and void and may be treated, at the discretion of the
committee, as notice of voluntary discontinuance under Section 4.1. Share Purchase Rights may be exercised only by the Participant or by the Participant's legal representative during the Participant's lifetime.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.3 <u>No Contract of Employment</u>. Nothing in the Plan shall be deemed to give any Eligible Employee the right
to be retained in the service of the Company or any Employer, or to interfere in any way with the right of the Company or any Employer or to discharge or retire any Eligible Employee at any time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.4 <u>Tax Withholding</u>. Taxable income attributable to the Employer Contribution will be subject to income tax,
FICA and other applicable withholding and such amounts will be deducted from the Participant's next available paycheck following the purchase of Common Shares. Alternative withholding arrangements may be made in unusual circumstances. (See
Appendix A for applicable definition for Philips Canada employees which replaces the foregoing two sentences.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.5 <u>Applicable Law</u>. The purchase and delivery of Common Shares shall be subject to all applicable laws,
regulations, rules and approvals, including, but not limited

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to, effectiveness of a registration statement under the Securities Act, if deemed necessary or appropriate by the Company. Certificates of Common Shares purchased hereunder may be legended, as the Company deems appropriate.

This Plan is intended to comply with the requirements of Rule 10b5-1(c) of the Exchange Act, and this Plan shall be interpreted to comply with such requirements.

Questions relating to the validity, construction, and administration of the Plan shall be determined under the laws of the Commonwealth of Massachusetts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.6 <u>Severability</u>. If a provision of the Plan is deemed illegal or invalid, the illegality or invalidity
shall not affect the remaining parts of the Plan. The Plan shall be construed and enforced as if the illegal or invalid provision had not been included in the Plan.

IN WITNESS WHEREOF, and as evidence of the adoption of, the Company has caused this instrument to be executed on this 8th day of November, 2022.

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| | |
|:---|:---|
| PHILIPS NORTH AMERICA LLC | PHILIPS NORTH AMERICA LLC |
| By: | /s/ Joseph E. Innamorati |
| Title: | Joseph E. Innamorati, Vice President |

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**APPENDIX A – PLAN SPECIFICATIONS FOR PHILIPS CANADA EMPLOYEES** 

The following definitions and specifications apply to Participants employed by Philips Canada. All defined terms used herein shall have the respective meanings set forth below under "Definitions", and all defined terms used herein and not defined below shall retain the meaning assigned to them in the Plan.

**Participation** 

Full-Time Employees (except as specifically indicated below) of Philips Electronics Ltd. and Canadian Affiliates ("Philips Canada") who are based in Canada are eligible to participate in the Plan beginning on the first day of the first month immediately following a period of 90 days during which time such employee was at all times considered a Full-Time Employee (the "90 Day Requirement"), which determination shall be made in the sole discretion of the Committee. For purposes of determining whether a Full-Time Employee has satisfied the 90 Day Requirement, the Committee shall take into account all service terms of such Full-Time Employees, which were rendered prior to the date on which Philips Electronics Ltd. adopted the Plan (the "Adoption Date"); provided, however, that this sentence shall only apply to individuals who are Full-Time Employees as of the Adoption Date. Effective as of April 1, 2017, employees of Philips Lighting Canada Ltd. will not be eligible to participate in the Plan.

Philips Canada employees covered under a collective agreement will only be eligible to participate in this Plan at such time as their participation has been negotiated by Philips Canada and their bargaining unit.

Excluded Employees are not eligible to participate in the Plan.

For purposes of application of the Plan to Participants employed by Philips Canada, the following definitions found in Appendix A of the Plan or herein shall be read as follows:

***Definitions***

"Canadian Affiliate": Present or future affiliated corporations of the Company carrying on business in and from Canada, registered and resident in Canada and in which the Company owns directly or indirectly at least 50 % of the affiliated corporation.

"Disability": A Participant will be considered to have a disability if such Participant is considered to have a long-term "disability" under the applicable long-term disability plan in which it participates or under which the Participant is covered for purposes of receiving disability coverage or benefits, whether such plan is provided by Philips Canada or any Canadian governmental agency or body.

"Earnings": Earnings include salary, bonus payment and commission. Earnings does not include any other forms of compensation such as, overtime, group bonus plans, profit sharing or improvement plans, vacation pay, expense reimbursements, severance payments, payments in lieu of notice, stock options, deferred compensation, distributions from any long term incentive plan, perquisites, long term disability payments, payments from an accident or sickness program,

------

whether paid by Philips Canada or by any applicable government or regulatory organization such as workers compensation, monetary or non-monetary performance or seniority awards, etc.

"Eligibility": Each Eligible Employee may become a Participant on the first day of the first month immediately following a period of 90 days during which time such employee was at all times considered a Full-Time Employee, which determination shall be made in the sole discretion of the Committee, except that an Eligible Employee covered under a collective agreement will only be eligible for participation in this Plan at such time as their participation has been negotiated by Philips Canada and their bargaining unit.

"Eligible Employee": Each Canadian based Full-Time Employee, whether paid on an hourly or salaried basis.

"Full-Time Employee": An employee of Philips Canada who is regularly scheduled to work at least 35 hours per week, who is not a temporary or contract employee, nor a unionized employee.

"Philips Canada": Philips Electronics Ltd. and its Canadian Affiliates.

***General Information***

**Tax Withholding** 

On the date of purchase of Common Shares, a Participant would owe ordinary income tax on the difference between the closing market price per Common Share and what the Participant actually pays for each Common Share under the Plan. Taxes are withheld from the Participant's next available paycheque after the purchase date. Both the benefit per Common Share and the tax withheld are reflected on that cheque and included in the year-end T-4 and Releve 1 (Quebec taxpayers only) statement.

***Currency***

As the Company's Common Shares trade on NYSE in U.S. dollars, payroll deductions will be converted to U.S. dollars at the prevailing rate at the time of purchase of the Common Shares. In addition to changes in share price, there is also a currency risk. Because the Company's Common Shares trade in U.S. dollars, the value of the Common Shares will fluctuate in relation to the Canadian dollar.

***Certain Canadian Federal and Provincial Income Tax Consequences***

The following tax discussion is for general guidance and may change over time. Participants are advised to consult their tax advisor for more detailed information.

***Purchasing Shares***

The Employer Contribution to a Participant's Contribution Account is taxable as ordinary income and is subject to federal and provincial income taxes as well as CPP/QPP. Taxes will be automatically withheld from the Participants' next available paycheque following the Common

------

Share purchase in accordance with their regular tax withholding elections. If a Participant is not actively receiving a paycheque he/she will receive a net zero paycheque to reflect the taxes. The ordinary income amount will be included in the T-4 and Releve 1 (Quebec taxpayers only) statement for the year.

**Dividends** 

Participants will be subject to Canadian income tax on dividends in the year the dividends are issued. Non-resident tax of 15% will be withheld on dividends in the year the dividends are issued. Participants will be issued the appropriate tax form on or around February 28 of the following year covering the dividend and the non-resident tax deducted. The deducted nonresident tax can normally be used as a credit against Canadian taxes owing in respect of the dividends. The tax credit may be claimed when filing the personal income tax return in April of the following year.

**Selling Shares** 

When Participants sell their Common Shares, Canada Revenue Agency (CRA) requires Participants to report these activities on their annual tax return. Any further gain/loss after the purchase of these Common Shares will be taxed as a gain or loss in accordance with applicable law.

A gain occurs when a Participant sells Common Shares for a higher price than the adjusted cost base of the Common Shares.

A loss occurs when a Participant sells Common Shares for a lower price than the adjusted cost base of the Common Shares.

In general, the adjusted cost base of a particular Common Share will be the weighted average purchase price for all the Common Shares owned by a Participant, both within the Participant's account and outside of it (except for Common Shares held in any trusteed accounts like RRSPs). For example, if the Participant purchased 10 Common Shares for $30.00 in one Participation Period and then purchased 5 Common Shares at $40.00 in the next Participation Period, the adjusted cost base for each Common Share following the second Participation Period would be $33.33 (i.e. [(10 x $30.00) + (5 x $40.00)] ÷ 15.

**Canadian Securities Laws** 

Participation in the Plan is voluntary and is subject to the conditions set forth herein and in the Plan. Common Shares acquired under the Plan by employees of Philips Canada may only be sold through the facilities of the NYSE.

## Exhibit 4.7

**Exhibit 4.7** 

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**Group HRM / CoE Rewards** 

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&nbsp;&nbsp; <br> **Global Philips Stock Option Plan**<br>**for eligible (non-)executives**<br>

Version February 2023

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**Group HRM/CoE Rewards** 

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**TERMS AND CONDITIONS** 

**OF** 

**GLOBAL PHILIPS STOCK OPTION Plan** 

**Article 1** 

**Definitions** 

In this Global Philips Stock Option Plan the following definitions shall apply:

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| | | |
|:---|:---|:---|
| 1. | Business Day | any day on which Euronext Amsterdam is open for business. |
| 2. | Divestiture | any sale, transfer or other divestiture of a business, subsidiary, division or other business unit of Philips or any part thereof. |
| 3. | Employing Company | any company within the Philips group of companies and such other company as Philips may from time to time designate or approve. |
| 4. | Exercise Price | the price to be paid by the Participant to acquire a Share upon exercising a Stock Option, being equal to 115% of the five-day average closing price of a Share on Euronext Amsterdam prior to the Grant Date or such other price as determined by Philips. |
| 5. | Grant Date | the date at which a Stock Option is granted pursuant to this Plan. The Grant Date of a Stock Option shall be the fourth Business Day after the day of publication of the annual or quarterly results or such other date as determined by Philips. |
| 6. | Nominee Account | an account maintained in the name of a Participant established by an administrator designated by Philips. |
| 7. | Option Period | the term for which a Stock Option is granted as specified in Article 3 and 4. |
| 8. | Participant | an individual who has accepted any Stock Options under this Plan. |
| 9. | Philips | Koninklijke Philips N.V. |
| 10. | Plan | this Global Philips Stock Option Plan. |
| 11. | Share | a common share of Philips. |
| 12. | Stock Exchange | Euronext Amsterdam or the New York Stock Exchange, depending on the listing venue of the Share underlying a Stock Option. |

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| | | |
|:---|:---|:---|
| 13. | Stock Option | the conditional right granted to eligible individuals to acquire one Share, subject to the terms and conditions of this Plan, and exercisable at the Exercise Price upon the Vesting Date during the Option Period as communicated by Philips to the Participant on or around the Grant Date. |
| 14. | Taxes | Any and all taxes, duties, levies, charges or social security contributions which arise under any applicable national, state, local or supra-national laws, rules or regulations. |
| 15. | Vesting Date | two (2) years after the Grant Date or such other date as determined by Philips. |

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**Article 2** 

**Grant of Stock Options** 

A Stock Option may be granted to an eligible individual, subject to (the acceptance by such individual of) the terms and conditions of this Plan and any other Philips' policies or guidelines that may apply from time to time to such individual. A Stock Option offered to any such individual and the terms and conditions governing such Stock Option shall be deemed accepted by such individual with effect from the applicable Grant Date in case Philips has not received, in accordance with a procedure established by Philips, a notice of rejection of such Stock Option within fourteen (14) days of the notice of grant or such later date as may be determined by Philips.

**Article 3** 

**Restrictions on Exercise and Option Period** 

1. Stock Options shall not be exercisable before the Vesting Date.

2. The Option Period shall commence on the Grant Date and lapse on its tenth (10th) anniversary date, or such other date
as determined by Philips on the Grant Date, subject to this Plan.

For the avoidance of doubt, unvested or lapsed Stock Options cannot be exercised.

**Article 4** 

**Termination of Employment** 

1. Except as otherwise provided in Article 4.2 and 4.3 hereof, in case a Participant is no longer employed by any
Employing Company as a result of the termination of such Participant's employment with an Employing Company for any reason whatsoever prior to the Vesting Date, such Participant's Stock Options shall be forfeited effective as of the date
of termination of such Participant's employment with the Employing Company without the Participant being entitled to any compensation or any obligation on the part of Philips or any Employing Company, unless Philips in its sole discretion
determines otherwise in writing. Any such determination shall be final, conclusive and binding, and may be subject

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to such conditions as Philips may determine appropriate. Stock Options that are exercisable at the date of termination of a Participant's employment with an Employing Company shall remain exercisable in accordance with Article 3, provided that in such case the Option Period will expire upon the earlier of (a) the date determined in accordance with Article 3.2 or (b) two (2) years from the date of such termination, unless such Participant's employment with an Employing Company is terminated for cause or the Participant has breached or breaches any obligations imposed by or pursuant to his/her employment agreement, or any other serious reason which in Philips' reasonable opinion justifies the forfeiture of Stock Options with immediate effect. <br>

2. In case a Participant is no longer employed by any Employing Company as a result of the termination of such
Participant's employment with an Employing Company for reasons of:

i Death, or

ii Legal incapacity,

the estate of the Participant or his or her legal representative(s), as the case may be, shall remain entitled to any Stock Option granted to such Participant subject to the terms and conditions of this Plan, except for any Stock Option granted less than nine (9) months prior to the termination of Participant's employment which Stock Option shall be forfeited upon the termination date. In case of termination due to death or legal incapacity, the Option Period will end upon the earlier of (a) the date determined in accordance with Article 3.2 or (b) five (5) years from the date of such termination. If the remaining Option Period as from the date of termination is less than twelve (12) months, then such Stock Options shall be exercisable for a period of twelve (12) months as of the date of such termination and the Option Period shall be deemed extended accordingly, provided that the Stock Options shall only be exercisable in the manner as set forth in Article 10.

3. In case a Participant is no longer employed by any Employing Company as a result of the termination of such
Participant's employment with an Employing Company for reasons of:

i Disablement,

ii Retirement, or

iii Any other reason the Supervisory Board determines in its sole discretion

such Participant shall remain entitled to any Stock Option granted to such Participant subject to the terms and conditions of this Plan, except for any Stock Option granted less than nine (9) months prior to the termination of Participant's employment which Stock Option shall be forfeited upon the termination date. In case of termination due to disablement or retirement, the Option Period will end upon the earlier of (a) the date determined in accordance with Article 3.2 (b) five (5) years from the date of such termination.

For the purpose of this Plan, unless Philips in its sole discretion determines otherwise in writing to the Participant, a Participant's employment shall be deemed terminated as a result of "retirement" if such Participant's employment is terminated and such Participant satisfies the eligibility requirements to receive an immediate (early) retirement benefit under a(n) (early) retirement plan of an Employing Company under which such Participant was covered at the date of such termination, provided that payment of such (early) retirement benefit commences immediately following such termination. In case no retirement plan is provided by Philips in the country where the Participant was employed, retirement will be determined in the context of local practice, including, but not limited to, eligibility to a state retirement plan.

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4. In case a Participant is no longer employed by any Employing Company because of a Divestiture and the Participant
remains employed by the divested business, such Participant shall remain entitled to a time proportional part of any Stock Option granted to such Participant subject to the terms and conditions of this Plan, except for any Stock Option granted less
than nine (9) months prior to the date of such Divestiture and, provided that in such case the Option Period will end upon the earlier of (a) the date determined in accordance with Article 3.2 or (b) five (5) years from the date of
such termination.

5. Except as may be otherwise approved in writing by Philips in its sole discretion, in case a Participant is no longer
employed by any Employing Company, the Participant (or his or her estate or legal representatives, as the case may be) shall withdraw all Shares acquired upon exercise of Stock Options credited to the Participant's Nominee Account within:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Two (2) years of the date of such termination, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Five (5) years from the date of such Divestiture, or such termination if the Participant's employment with
an Employing Company is terminated for reasons of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Death, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Legal incapacity, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Disablement, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. Retirement.

If Participant (or his/her estate or legal representatives, as the case may be) refrains to comply with the foregoing obligation, Philips reserves the right and Participant explicitly authorizes Philips to sell the Shares and to transfer the proceeds to the bank account of Participant provided to Philips and/or the administrator designated by Philips. If Participant has not provided a bank account, Philips holds the money until Participant provides a bank account. Alternatively, Philips is authorized to request its designated administrator to collect the administration cost of the Participant's Nominee Account from the Participant.

6. In case – in the reasonable opinion of Philips – a Participant

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. breaches (one of) the conditions in his/her employment agreement and/or agreement to terminate the employment
agreement between the Participant and the Employing Company (such as but not limited to the obligations regarding non-competition, non-solicitation, confidentiality, and
IP), or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. disparages the Employing Company or the Employing Company's officers, directors, or employees, in any manner
likely to be harmful to any of them or their business, business reputation or personal reputation; provided that the Participant may respond fully and accurately to any questions, inquiry or request for information when required by legal process,

Philips has the discretion to decide that any Stock Option still outstanding will – in whole or in part – be forfeited with immediate effect, without the Participant being entitled to any compensation or any obligation on the part of Philips or any Employing Company.

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**Article 5** 

**Non-transferability** 

The Stock Options are strictly personal, and may not be assigned, transferred (except that, in case of death of Participant, any Stock Options held by the Participant at the date of his/her death shall pass to his/her heirs or legatees), pledged, hypothecated, or otherwise encumbered or disposed of in any manner. Participants may not engage in any transactions on any exchange or otherwise on the basis of their Stock Options, such as hedging their position in the underlying Shares. Any violation of the terms of this Article 5 will cause the Stock Options to become immediately null and void without further notice and without Participant being entitled to any compensation.

**Article 6** 

**Exercise of Stock Options** 

1. To exercise Stock Options, which are exercisable in accordance with this Plan, the Participant must notify Philips
and/or the administrator designated by Philips in accordance with the procedure determined by Philips.

The relevant notice shall in any event state:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. the Grant Date of the Stock Options that the Participant wishes to exercise;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. the number of Stock Options to be exercised; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. whether Shares to be obtained upon such exercise are to be:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) sold (in whole or in part) by Philips and/or the administrator designated by Philips on behalf of Participant as soon as
possible. Upon such sale, the aggregate revenue of the Shares sold upon exercise of the Stock Options less the Exercise Price multiplied by the number of such Stock Options, and less any applicable Taxes and transaction or other costs, will be paid
to Participant in accordance with a procedure determined by Philips; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) delivered to Participant as provided for in the Articles 6.3 and 6.4.

In case Participant elects to have the Shares to be delivered to Participant, the notice shall be accompanied by the payment in full of the Exercise Price, multiplied by the number of Stock Options so being exercised and increased by any applicable Taxes. Such payment shall be made: (a) in cash, (b) through additional methods prescribed by Philips or (c) by a combination of any such method.

2. Philips may require a Participant to maintain a personal brokerage account in connection with this Plan. Nothing
contained in this Plan shall obligate Philips to establish or maintain or cause to establish or maintain a Nominee Account for any Participant.

3. Subject to the terms and conditions of this Plan, if Participant elects (part of) the Shares to be delivered to
him/her upon exercise as provided in Article 6.1.c, Philips will deliver a Share to Participant on or as soon as reasonably practicable after the exercise of the Stock Option. In no event shall Philips have any obligation to deliver any Shares to
Participant prior to the exercise of any Stock Options.

4. Each Participant shall comply with any applicable "insider trading" laws and regulations and the
Philips' Rules of Conduct with respect to Inside Information.

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**Article 7** 

**Significant Corporate Events** 

Philips may make – but is not under any obligation to do so – equitable adjustment or substitution of (a) the number or kind of Shares subject to the Stock Options, and/or (b) the Exercise Price, as it, in its sole discretion, deems equitable to reflect any significant corporate event of or by Philips, for example a change in the outstanding Shares by reason of any stock dividend or split, recapitalization, merger, consolidation, spin-off, combination or exchange of shares or other corporate change, or any distribution to holders of Shares other than regular cash dividends.

In the event of an adjustment or substitution, the aim shall be to preserve (as much as reasonably possible) both the aggregate difference and the aggregate ratio between the Exercise Price and the fair market value of the Shares to be acquired upon exercise of the Stock Options. Participant shall be notified promptly of such adjustment or substitution.

**Article 8** 

**Costs and Taxes** 

1. All costs of delivering any Shares under this Plan to a Participant's Nominee Account and any other costs
connected with the Shares shall be borne by the Participant.

2. Any Taxes, whether already effective on the Grant Date or becoming effective thereafter, and any changes or
modifications therein and termination thereof which may result for Participant in connection with this Plan (including, but not limited to, the grant, the ownership and/or the exercise of Stock Options, and/or the delivery, ownership and/or the sale
of any Shares acquired under this Plan) shall be for the sole risk and account of Participant.

3. Philips and any other Employing Company shall have the right to deduct or withhold (or cause to be deducted or
withheld) from any salary payment or other sums due by Philips or any other Employing Company to Participant, or requiring the Participant or beneficiary of the Participant, to pay to Philips an amount necessary to settle any Taxes and any costs
determined by Philips necessary to be withheld in connection with this Plan (including, but not limited to, the grant of Stock Options or the delivery of any Shares under this Plan).

3. Philips shall not be required to deliver any Shares and Philips may delay (or cause to be delayed) the transfer of any
Shares to a Nominee Account or a personal brokerage account, until Philips has received an amount, or Participant has made such arrangements, required by Philips necessary to satisfy any withholding of any Taxes and any costs to be borne by
Participant in connection with this Plan as determined by Philips.

**Article 9** 

**Dividend Payment on Shares** 

Philips is entitled, in its sole discretion, to determine the manner in which dividend on any Shares acquired by a Participant pursuant to this Plan and deposited on the Nominee Account at the applicable record date, is paid to such Participant including, but not limited to, the payment of dividend by means of a dividend reinvestment plan pursuant to which the dividend will be reinvested in the purchase of Shares.

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**Article 10** 

**Cash Alternative** 

Upon receipt of a notice, as referred to in Article 6.1 hereof to exercise any Stock Option, Philips may (at its sole discretion) advise a Participant resident outside the Netherlands to request in writing an amount in cash as an alternative to Shares. If so advised, the Participant is upon his/her request for the cash alternative entitled to receive an amount in Euros or in U.S. Dollars, depending on where the Shares being the subject of the exercised Stock Option are traded, equal to the opening price of a Share on the relevant Stock Exchange minus the Exercise Price, multiplied by the number of Stock Options so being exercised. Further, any costs to be paid and any applicable Taxes shall be deducted from the amount to be received by Participant. The same method is being used for calculating the cash amount to which heirs and legatees of a Participant are entitled in accordance with Article 4.2.

**Article 11** 

**Change of Control** 

In the event of a change of control situation, Philips shall have the discretion to accelerate the vesting of Stock Options to the date of completion of the change of control, taking into account the principles of reasonableness and fairness and, unless Philips determines otherwise, the part of the Stock Options which vest will be reduced on a time proportional basis.

**Article 12** 

**General Provisions** 

1. Philips shall have the authority to i) interpret this Plan, ii) establish, amend, and rescind any terms and conditions
of this Plan including any rules and regulations relating to this Plan and/or establish supplements to comply with or suit country specific requirements, iii) determine the terms and conditions of any agreements entered into hereunder, and iv) make
all other determinations necessary or advisable. The terms and conditions of this Plan including any rules and regulations relating to this Plan, including any supplements thereto, in force from time to time are published on the website of Philips
or an administrator designated by Philips and apply to all previous and future Stock Options granted under this Plan. Philips may delegate the authority to practice administrative and operational functions with respect to the Plan to officers or
employees of subsidiaries of Philips and to service providers.

2. Philips may in its sole discretion but acting in good faith, resolve to recoup some or all such incentive compensation
- including any benefits derived therefrom - in all appropriate cases (taking into account all relevant factors, including whether the assertion of a recoupment claim may in its opinion prejudice the interests of Philips and its group companies in
any related proceeding or investigation), granted to an individual under these terms and conditions, if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Equity-based incentive compensation under these terms and conditions has been granted and/or has vested on the basis
of incorrect financial or other data; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. There are circumstances which would warrant Philips or the Employing Company summarily dismissing (or requesting in
court the termination of the employment of)

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that individual – for instance on the basis of article 7:408, 7:677 or 7:686 Dutch Civil Code – (whether Philips or the Employing Company has chosen to do so); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. That individual is/was involved in, or directly or indirectly responsible for a serious violation of the Philips
General Business Principles or applicable law; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. The Employing Company or the business unit in which the relevant individual works/worked, or for which he was
responsible, suffered a material failure of risk management, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. An event occurred with an adverse impact on the reputation of Philips or the Employing Company, which in the
reasonable opinion of Philips justifies the operation of a recoupment claim.

By accepting Stock Options under these terms and conditions, the individual concerned agrees in advance to fully co-operate with Philips and the Employing Company to give effect to this article.

Furthermore, by accepting any Stock Options under this Plan, the individual provides an irrevocable power of attorney to Philips to transfer any Shares acquired upon the exercise of a Stock Option held by such individual in the account administered by Philips' global plan administrator and any other acts necessary or desirable to give effect to this article. This power of attorney is governed by Dutch law exclusively.

3. No Participant shall have any rights or privileges of shareholders (including the right to receive dividends and to
vote) with respect to Shares to be delivered pursuant to the exercise of Stock Options until such Shares are delivered to such Participant in accordance with Article 6 of this Plan.

4. The (value of) Stock Options granted to, or Shares acquired by, a Participant pursuant to the exercise of such Stock
Options under this Plan shall not be considered as compensation in determining a Participant's benefits under any benefit plan of an Employing Company, including but not limited to, group life insurance, long-term disability, family survivors,
or any retirement, company pension or savings plan.

5. Nothing contained in this Plan or in any grant made or agreement entered into pursuant hereto shall confer upon any
Participant any right to be retained in employment with any Employing Company, or to be entitled to any remuneration or benefits not set forth in this Plan or interfere with or limit in any way with the right of any Employing Company to terminate
such Participant's employment or to discharge or retire a Participant at any time.

6. If a provision of this Plan is deemed illegal or invalid, the illegality or invalidity shall not affect the remaining
parts of this Plan, this Plan shall be construed as if the illegal or invalid provisions had not been included in this Plan.

7. Where the context requires, words in either gender shall also include the other gender.

8. The English version of this Plan is leading. If there is a discrepancy between the contents of a translation and the
English version of this Plan, the English version of this Plan prevails.

9. This Plan shall be governed by and construed in accordance with the laws of The Netherlands, without regard to its
principles of conflict of laws.

• • • • •

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**ADDENDUM TO THE** 

**GLOBAL PHILIPS STOCK OPTION PLAN** 

**FOR NATIONALS OF THE PRC OF CHINA** 

In order to comply with the rules set by the State Administration of Foreign Exchange ("SAFE") as well as the requirements from SAFE in terms of operation, the following provisions apply to Participants who hold PRC identification cards and/or passports:

1. In contrast with Article 3.2, 3.3 and 3.4 in case a Participant is no longer employed by any Employing Company as a
result of a Divestiture or because of the termination of such Participant's employment with an Employing Company for reasons of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Death, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Legal incapacity, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Disablement, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Retirement

such Participant (or his or her estate or legal representatives, as the case may be) shall remain entitled to (a time proportional part of) any Stock Options granted to such Participant nine (9) months or more prior to the date of such termination. Stock Options that are not exercisable shall in contrast with Article 3 become exercisable on the date of such termination and will expire one hundred and eighty (180) days from the date of such termination. Stock Options that are exercisable at the date of termination shall remain exercisable in accordance with Article 3, provided that in such case the Exercise Period will expire upon the earlier of (a) the date determined in accordance with Article 3.2 or (b) one hundred and eighty (180) days from the date of such termination.

2. In contrast with Article 6.1 under d, a Participant (or his or her estate or legal representatives, as the case may
be) can only sell the Shares obtained upon exercise.

3. In contrast with Article 6.4, in case a Participant is no longer employed by any Employing Company as a result of a
Divestiture or because of the termination of such Participant's employment with an Employing Company, the Participant (or his or her estate or legal representatives, as the case may be) shall sell all Shares credited to the Participant's
Nominee Account within one hundred and eighty (180) days of the date of such Divestiture, or such termination irrespective of the reason of such termination. In case the Participant (or his or her estate or legal representatives, as the case
may be) fails to comply with the foregoing obligation, then Philips reserves the right to sell the Shares on behalf of the Participant and Philips is herewith irrevocably authorized to such sale.

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**ADDENDUM TO THE** 

**GLOBAL PHILIPS STOCK OPTION PLAN** 

**FOR RESIDENTS OF THE STATE OF ISRAEL** 

**1.** **GENERAL** 

1.1. This Addendum (the "**Israeli Addendum**") shall apply only to Participants who are resident of the State
of Israel at the Grant Date or Participants who are deemed to be resident of the State of Israel for the payment of tax at the Grant Date ()"**Eligible Participants** "), and only in respect of Awards granted following Amendment no. 132
of the Ordinance (as defined below), which entered into force on January 1, 2003.

1.2. Under the Plan, Awards may be granted to Participants, such as employees of Affiliates (as defined below). The Awards
so granted may entitle the Participants to acquire shares in Philips. The purpose of this Israeli Addendum is to enable Eligible Participants to apply certain tax benefits pursuant to Section 102 (as defined below). In connection therewith, the
Affiliate has entered into a Writ of Trust with the Trustee (as defined below) and obtained the necessary approval of the ITA (as defined below).

1.3. Pursuant to the Writ of Trust and approval referred to under 1.3 above, the Trustee will supervise the administration
of the rights and obligations (insofar relevant in the context of the approval) of Eligible Participants and the management and handling of their Awards, by the administrator/broker of the Plan (as appointed by the Philips). Furthermore, in the
event of the sale of shares acquired by Eligible Participants following vesting of their Awards, the relevant sale proceeds will be transferred to the Trustee. The Trustee shall withhold taxes to comply with applicable laws, rules, and regulations,
including taxes to be withheld at source, and subsequently transfer the net amount to the Eligible Participants.

1.4. The Plan and this Israeli Addendum are complementary to each other and shall be deemed as one. In any case of
contradiction, whether explicit or implied, between the provisions of this Israeli Addendum and the Plan, the provisions set out in this Israeli Addendum shall prevail, but only to the extent necessary to comply with the Ordinance. For the avoidance
of doubt, this Israeli Addendum does not add to or modify the Plan in respect of any other category of Participants than Eligible Participants.

**2.** **DEFINITIONS** 

For purposes of this Israeli Addendum, the following definitions shall apply:

(a) **"102 Award"** - any Award granted to Eligible Participants pursuant to Section 102 of the
Ordinance.

(b) **"Affiliate"** - any "employing company" within the meaning of Section 102(a) of the
Ordinance.

(c) **"Approved 102 Award"** - an Award granted pursuant to Section 102(b) of the Ordinance under the
supervision of the Trustee.

(d) **"Capital Gain Award (CGA)"** - an Approved 102 Award elected and designated by Philips (or any relevant
Affiliate) to qualify under the capital gain tax treatment in accordance with the provisions of Section 102(b)(2) or Section 102(b)(3) of the Ordinance.

(e) **"Controlling Shareholder"** - shall have the meaning ascribed to it in Section 32(9) of the
Ordinance.

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(f) **"Employee"** - a person who is employed by Philips or any of its Affiliates, including an individual
who is serving as a director or an office holder, but excluding any Controlling Shareholder, all as determined in Section 102 of the Ordinance.

(g) **"ITA"** - Israeli Tax Authorities.

(h) **"Ordinary Income Award (OIA)"** - an Approved 102 Award elected and designated by Philips (or any
relevant Affiliate) to qualify under the ordinary income tax treatment in accordance with the provisions of Section 102(b)(1) of the Ordinance.

(i) **"Ordinance"** - the Israeli Income Tax Ordinance [New Version] 1961, as amended from time to time.

(j) **"Section 102"** - Section 102 of the Ordinance and any regulations, rules, orders or
procedures promulgated thereunder as now in effect or as hereafter amended.

(k) **"Trustee"** - any individual or entity appointed by Philips (or any relevant Affiliate) to serve as a
trustee and approved by the ITA, all in accordance with the provisions of Section 102(a) of the Ordinance.

(l) **"Unapproved 102 Award"** - an Award granted pursuant to Section 102(c) of the Ordinance.

For the avoidance of any doubt, it is hereby clarified that any capitalized terms not specifically defined in this Israeli Addendum shall be construed according to the interpretation given to it in the Plan.

**3.** **ISSUANCE OF AWARDS** 

3.1. Eligible Participants shall include any Employees of any Affiliate; provided, however, that Employees may only be
granted 102 Awards.

3.2. Philips or any relevant Affiliate may designate Awards granted to Eligible Participants pursuant to Section 102
either as Approved 102 Awards or as Unapproved 102 Awards.

3.3. The grant of Approved 102 Awards shall be subject to this Israeli Addendum and the approval of the ITA referred to in
article 1.2 of this Israeli Addendum.

3.4. Approved 102 Awards may either be classified as Capital Gain Awards (CGA) or Ordinary Income Awards (OIA).

3.5. No Approved 102 Awards may be granted under this Israeli Addendum to Eligible Participant unless and until the
election by Philips (or any relevant Affiliate) of the type of Approved 102 Award as CGA or OIA granted to Employees (the "Election") is appropriately filed with the ITA. Such Election shall become effective beginning the first Grant Date
of an Approved 102 Award under this Israeli Addendum and shall remain in effect at least until the end of the year following the year during which Philips (or any relevant Affiliate) first granted Approved 102 Awards. The Election shall obligate
Philips (or any relevant Affiliate) to grant only the type of Approved 102 Award it has elected and shall apply to all Eligible Participants who were granted Approved 102 Awards during the period indicated herein, all in accordance with the
provisions of Section 102(g) of the Ordinance. For the avoidance of doubt, such Election shall not prevent Philips (or any relevant Affiliate) from granting Unapproved 102 Awards simultaneously.

3.6. All Approved 102 Awards must be supervised by the Trustee, as described in Section 4 below.

3.7. For the avoidance of doubt, the designation of Unapproved 102 Awards and Approved 102 Awards shall be subject to the
terms and conditions set forth in Section 102.

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**4.** **TRUSTEE** 

4.1. Approved 102 Awards which shall be granted under the Plan and this Israeli Addendum and/or any shares allocated or
issued upon vesting of such Approved 102 Award and/or other shares received subsequently following any realization of rights, including without limitation bonus shares, shall be supervised by the Trustee for such period of time as required by
Section 102 or any regulations, rules or orders or procedures promulgated thereunder (the: **"Holding Period"**). In the case the requirements for Approved 102 Award are not met, the Approved 102 Award may be regarded as Unapproved
102 Award, all in accordance with the provisions of Section 102.

4.2. Notwithstanding anything to the contrary, the Trustee shall not approve the release of any shares allocated or issued
upon vesting of Approved 102 Award without the full payment of the Eligible Participant's tax liabilities arising from Approved 102 Award which were granted to him and/or any shares allocated or issued upon vesting of such Award.

4.3. With respect to any Approved 102 Award, subject to the provisions of Section 102 and any rules or regulation or
orders or procedures promulgated thereunder, an Eligible Participant shall not sell or release from the supervision of the Trustee any shares received upon the vesting of an Approved 102 Award and/or any shares received subsequently following any
realization of rights, including without limitation, bonus shares/shares received as dividend, until the lapse of the Holding Period required under Section 102 of the Ordinance. Notwithstanding the above, if any such sale or release occurs
during the Holding Period, the sanctions under Section 102 of the Ordinance and under any rules or regulation or orders or procedures promulgated thereunder shall apply to and shall be borne by such Eligible Participant.

4.4. Upon receipt of Approved 102 Award, the Eligible Participant will sign an undertaking in which he or she will give his
or her consent to the grant of the Award under Section 102 and will undertake to comply with the terms of Section 102 and of this Israeli Addendum (including but not limited to the indemnification set forth in article 11.1 below).

**5.** **THE AWARD** 

The terms and conditions, upon which Awards under the Plan shall be granted to Eligible Participants and shall vest, shall be specified by Philips (or any relevant Affiliate) upon grant of the Awards under the Plan. Each grant of Awards shall state, inter alia, the number of shares to which the Award relates, the type of Award granted thereunder (whether a CGA, OIA or an Unapproved 102 Award), the vesting provisions and any other terms and conditions in accordance with the Plan and this Israeli Addendum.

**6.** **FAIR MARKET VALUE** 

Solely for the purpose of determining the tax liability pursuant to Section 102(b)(3) of the Ordinance, the fair market value of the Awards granted to Eligible Participants at the Grant Date of such Awards shall be determined in accordance with the average market price of the Shares on Euronext Amsterdam on the thirty (30) trading days preceding the Grant Date, as shown in the Official Price List of Euronext Amsterdam.

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**Group HRM/CoE Rewards** 

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**7.** **VESTING OF AWARDS** 

Awards and (upon vesting of Awards) Shares shall be accepted by the Eligible Participant by giving a written notice to Philips and/or to any third party designated by Philips (the: **"Representative"**), in such form and method (including electronic communication) as may be determined by Philips (or any relevant Affiliate) and, when applicable, by the Trustee, in accordance with the requirements of Section 102, which acceptance shall be effective upon receipt of such notice by Philips and/or the Representative, at Philips or the Representative's principal office. The notice shall specify the number of shares to which the Award relates.

**8.** **ASSIGNABILITY AND SALE OF AWARD** 

As long as shares acquired by Eligible Participants upon vesting of their Awards are supervised by the Trustee, all rights of the Participant over the shares are personal, cannot be transferred, assigned, pledged or mortgaged, other than by will or laws of descent and distribution.

**9.** **INTEGRATION OF SECTION 102 AND TAX ASSESSING OFFICER'S PERMIT** 

9.1. With regards to Approved 102 Awards, the provisions of the Plan and/or the Israeli Addendum and/or the Awards granted
to Eligible Participants shall be subject to the provisions of Section 102 and the approval of the ITA referred to in article 1.2 of this Israeli Addendum, and such provisions and approval shall be deemed an integral part of the Plan and of the
Israeli Addendum.

9.2. In order to, and insofar as to receive and/or to keep any tax benefit pursuant to Section 102, any relevant
provision of Section 102 and/or the approval of the ITA referred to in article 1.2 of this Israeli Addendum will apply, even if not expressly specified in the Plan or the Israeli Addendum or the terms of Awards granted to Eligible Participants.

**10.** **DIVIDEND** 

Subject to Philips' Articles of Association and the Plan, with respect to all shares allocated or issued upon the vesting of Awards (whether or not supervised by the Trustee), the Eligible Participant shall be entitled to receive dividends in accordance with the quantity of such shares, and subject to any applicable taxation on distribution of dividends, and when applicable subject to the provisions of Section 102 and the rules, regulations or orders promulgated thereunder.

**11.** **TAX CONSEQUENCES** 

11.1. Any tax consequences arising from the grant or vesting of any Award, from the allocation or issuance of shares upon
the vesting of Awards or from any other event or act (of Philips, and/or its Affiliates, and the Trustee or the Eligible Participant), hereunder, shall be borne solely by the relevant Eligible Participant. Philips and/or its Affiliates, and/or the
Trustee shall withhold taxes according to the requirements under the applicable laws, rules, and regulations, including withholding taxes at source. Furthermore, the Eligible Participant shall agree to indemnify Philips and/or its Affiliates and/or
the Trustee and hold them harmless against and from any and all liability for any such tax or interest or penalty thereon, including without limitation, liabilities relating to the necessity to withhold, or to have withheld, any such tax from any
payment made to the Eligible Participant.

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**Group HRM/CoE Rewards** 

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11.2. With respect to Unapproved 102 Awards, if the Eligible Participant ceases to be employed by Philips or any Affiliate,
the Eligible Participant shall extend to Philips and/or the relevant Affiliate a security or guarantee for the payment of tax due at the time of sale of shares, all in accordance with the provisions of Section 102 and the rules, regulation or
orders promulgated thereunder.

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**Group HRM/CoE Rewards** 

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**ADDENDUM TO THE** 

**GLOBAL PHILIPS STOCK OPTION PLAN** 

**FOR PARTICIPANTS ELIGIBLE TO PARTICIPATE IN A U.S. RETIREMENT OR PENSION PLAN** 

For the purpose of Article 3.3 with respect to a Participant who is eligible to participate in a U.S. retirement or pension plan and who is a not a party to a contract governing employment conditions or benefits with an entity which is domiciled outside of the United States, the Participant's employment shall be deemed terminated as a result of retirement if such Participant's employment is terminated and, at the time of his or her termination of employment the Participant has at least five (5) years of service with an U.S. Employing Company and/or Philips affiliates (including foreign affiliates) that are at least 80% owned and has attained the age of fifty-five (55) years.

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## Exhibit 23.1

**Exhibit 23.1** 

**CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** 

We consent to the incorporation by reference in the Post-Effective Amendment No. 3 to the Registration Statement (Form S-8 No. 333-186849) pertaining to the Philips North America Nonqualified Stock Purchase Plan (2017), as amended, the Global Philips Performance Share Plan applicable to non-executives (excluding Executive Committee) of Koninklijke Philips N.V. (2018), the Global Philips Performance Share Plan applicable to the Board of Management of Koninklijke Philips N.V. (2018), the Global Philips Performance Share Plan applicable to the Executive Committee (excluding Board of Management) of Koninklijke Philips N.V. (2018), the Global Philips Restricted Share Rights Plan applicable to non-executives (excluding Executive Committee) of Koninklijke Philips N.V. (2018), the Global Philips Restricted Share Rights Plan applicable to the Executive Committee (excluding Board of Management) of Koninklijke Philips N.V. (2018), the Global Philips Performance Share Plan applicable to non-executives (excluding Executive Committee) of Koninklijke Philips N.V. (2020), the Global Philips Performance Share Plan applicable to the Board of Management of Koninklijke Philips N.V. (2020), the Global Philips Performance Share Plan applicable to the Executive Committee (excluding Board of Management) of Koninklijke Philips N.V. (2020), the Philips North America Nonqualified Stock Purchase Plan (2022), and the Global Philips Stock Option Plan for eligible (non-)executives (2023) of our reports dated February 21, 2023, with respect to the consolidated financial statements of Koninklijke Philips N.V., and the effectiveness of internal control over financial reporting of Koninklijke Philips N.V. included in its Annual Report (Form 20-F) for the year ended December 31, 2022, filed with the Securities and Exchange Commission.

/s/ Ernst & Young Accountants LLP

Amsterdam, the Netherlands

February 21, 2023