Document:

Exhibit 4.3
               PAXAR 2000 LONG-TERM PERFORMANCE AND INCENTIVE PLAN
                         (as amended on April 30, 2003)

1. OBJECTIVES.

The Paxar Long-Term Performance and Incentive Plan (the "Plan") is designed to
attract, motivate and retain selected employees of, and other individuals
providing services to Paxar Corporation, ("the Company"). These objectives are
accomplished by making long-term performance, incentive and other awards under
the Plan, thereby providing Participants with a proprietary interest in the
growth and performance of the Company.

2. DEFINITIONS.

(a) "Awards" -- The grant of any form of stock option, stock appreciation right,
stock or cash award, whether granted singly, in combination or in tandem, to a
Participant pursuant to such terms, conditions, performance requirements,
limitations and restrictions as the Committee may establish in order to fulfill
the objectives of the Plan.

(b) "Award Agreement" -- An agreement between the Company and a Participant that
sets forth the terms, conditions, performance requirements, limitations and
restrictions applicable to an Award.

(c) "Board" -- The Board of Directors of Paxar Corporation.

(d) "Capital Stock," or "shares" -- Authorized and issued or unissued Capital
Stock of the Company, at such par value as may be established from time to time.

(e) "Code" -- The Internal Revenue Code of 1986, as amended from time to time.

(f) "Committee" -- The committee designated by the Board to administer the Plan.

(g) "Company" -- Paxar Corporation and its affiliates and subsidiaries including
subsidiaries of subsidiaries and partnerships and other business ventures in
which Paxar Corporation has an equity interest.

(h) "Fair Market Value" -- The average of the high and low prices of Capital
Stock on the New York Stock Exchange during the Exchange's normal hours trading
session for the date in question, provided that, if no such sales of Capital
Stock were made on said exchange on that date, the average of the high and low
prices of Capital Stock as reported for the most recent preceding day on which
such sales of Capital Stock were made on said exchange.

(i) "Participant" -- An individual to whom an Award has been made under the
Plan. Awards may be made to any employee of, or any other individual providing
services to, the Company. However, incentive stock options may be granted only
to individuals who are employed by the Company or by a subsidiary corporation
(within the meaning of Section 424(f) of the Code) of the Company, including a
subsidiary that becomes such after the adoption of the Plan.

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(j) "Performance Period" -- A multi-year period of no more than five consecutive
calendar years over which one or more of the performance criteria listed in
Section 6 shall be measured pursuant to the grant of Long-Term Performance
Incentive Awards (whether such Awards take the form of stock, stock units or
equivalents or cash). Performance Periods may overlap one another, but no two
Performance Periods may consist solely of the same calendar years.

3. CAPITAL STOCK AVAILABLE FOR AWARDS.

The number of shares that may be issued under the Plan for Awards granted wholly
or partly in stock is 5,533,200. This amount includes any shares previously
authorized by shareholders for grants or awards under any prior plan of the
Company which are still available for issuance when the Plan becomes effective.
In addition, any shares covered by grants or awards, made under any prior plan
of the Company, which are not earned or for which the awards expire or are
canceled, terminated, forfeited, settled in cash or payable solely in cash after
the Plan becomes effective, shall be available for the issuance of shares under
the Plan. Shares of Capital Stock may be made available from the authorized but
unissued shares of the Company or from shares held in the Company's treasury and
not reserved for some other purpose. For purposes of determining the number of
shares of Capital Stock issued under the Plan, no shares shall be deemed issued
until they are actually delivered to a Participant, or such other person in
accordance with Section 10. Shares covered by Awards that either wholly or in
part are not earned, or that expire or are forfeited, terminated, canceled,
settled in cash, payable solely in cash or exchanged for other awards, shall be
available for future issuance under Awards. Further, shares tendered to or
withheld by the Company in connection with the exercise of stock options, or the
payment of tax withholding on any Award, shall also be available for future
issuance under Awards.

4. ADMINISTRATION.

The Plan shall be administered by the Committee, which shall have full power to
select Participants, to interpret the Plan, to grant waivers of Award
restrictions, to continue, accelerate or suspend exercisability, vesting or
payment of an Award and to adopt such rules, regulations and guidelines for
carrying out the Plan as it may deem necessary or proper. These powers include,
but are not limited to, the adoption of modifications, amendments, procedures,
subplans and the like as necessary to comply with provisions of the laws and
regulations of the countries in which the Company operates in order to assure
the viability of Awards granted under the Plan and to enable Participants
regardless of where employed to receive advantages and benefits under the Plan
and such laws and regulations.

5. DELEGATION OF AUTHORITY.

The Committee may delegate to officers of the Company its duties, power and
authority under the Plan pursuant to such conditions or limitations as the
Committee may establish, except that only the Committee or the Board may select,
and grant Awards to, Participants who are subject to Section 16 of the
Securities Exchange Act of 1934.

6. AWARDS.

The Committee shall determine the type or types of Award(s) to be made to each
Participant and shall set forth in the related Award Agreement the terms,
conditions, performance requirements, and limitations applicable to each Award.

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Awards may include but are not limited to those listed in this Section 6. Awards
may be granted singly, in combination or in tandem. Awards may also be made in
combination or in tandem with, in replacement or payment of, or as alternatives
to, grants, rights or compensation earned under any other plan of the Company,
including the plan of any acquired entity. During any five-year period, no
Participant may receive, under the Plan, stock options or stock appreciation
rights with respect to an aggregate of more than 750,000 shares. With regard to
any "covered employee" (as defined by Section 162(m) of the Code), the maximum
number of shares of Capital Stock share equivalents of Capital Stock (stock
units) that can be earned by any Participant for any Performance Period is
75,000 shares, subject to adjustment for changes in corporate capitalization,
such as a stock split, and if an Award is denominated in cash rather than in
shares of Capital Stock or stock units, the share equivalent for purposes of the
maximum will be determined by dividing the highest amount that the Award could
be under the formula for such Performance Period by the closing price of a share
of Capital Stock on the first trading day of the Performance Period.

         (a) Stock Option -- A grant of a right to purchase a specified number
         of shares of Capital Stock the exercise price of which shall be not
         less than 100% of Fair Market Value on the date of grant of such right,
         as determined by the Committee, provided that, in the case of a stock
         option granted retroactively in tandem with or as substitution for
         another award granted under any plan of the Company, the exercise price
         may be the same as the purchase or designated price of such other
         award. A stock option may be in the form of an incentive stock option
         ("ISO") which, in addition to being subject to applicable terms,
         conditions and limitations established by the Committee, complies with
         Section 422 of the Code. The number of shares of stock that shall be
         available for issuance under ISOs granted under the Plan is limited to
         1,000,000.

         (b) Stock Appreciation Right -- A right to receive a payment, in cash
         and/or Capital Stock, equal in value to the excess of the Fair Market
         Value of a specified number of shares of Capital Stock on the date the
         stock appreciation right (SAR) is exercised over the grant price of the
         SAR, which shall not be less than 100% of the Fair Market Value on the
         date of grant of such SAR, as determined by the Committee, provided
         that, in the case of an SAR granted retroactively in tandem with or as
         substitution for another award granted under any plan of the Company,
         the grant price may be the same as the exercise or designated price of
         such other award.

         (c) Stock Award -- An Award made in stock and denominated in units of
         stock. The maximum number of shares of Capital Stock that may be issued
         under Stock Awards shall not exceed 20% of the aggregate number of
         shares available for issuance under Awards. All or part of any stock
         award may be subject to conditions established by the Committee, and
         set forth in the Award Agreement, which may include, but are not
         limited to, continuous service with the Company, achievement of
         specific business objectives, increases in specified indices, attaining
         growth rates, and other comparable measurements of Company performance.
         An Award made in stock or denominated in units of stock that is subject
         to restrictions on transfer and/or forfeiture provisions may be
         referred to as an Award of "Restricted Stock," "Restricted Stock Units"
         or "Long-Term Performance and Incentive" units.

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         (d) Cash Award -- An Award denominated in cash with the eventual
         payment amount subject to future service and such other restrictions
         and conditions as may be established by the Committee, and as set forth
         in the Award Agreement, including, but not limited to, continuous
         service with the Company, achievement of specific business objectives,
         increases in specified indices, attaining growth rates, and other
         comparable measurements of Company performance.

         (e) Performance Criteria under Section 162(m) of the Code for Long-Term
         Performance and Incentive Awards -- The performance criteria for
         Long-Term Performance and Incentive Awards (whether such Awards take
         the form of stock, stock units or equivalents or cash) made to any
         "covered employee" (as defined by Section 162(m) of the Code) shall
         consist of objective tests based on one or more of the following:
         earnings, cash flow, customer satisfaction, revenues, financial return
         ratios, market performance, shareholder return and/or value, operating
         profits (including EBITDA), net profits, earnings per share, profit
         returns and margins, stock price and working capital. Performance
         criteria may be measured solely on a corporate, subsidiary or business
         unit basis, or a combination thereof. Further, performance criteria may
         reflect absolute entity performance or a relative comparison of entity
         performance to the performance of a peer group of entities or other
         external measure of the selected performance criteria. The formula for
         any Award may include or exclude items to measure specific objectives,
         such as losses from discontinued operations, extraordinary gains or
         losses, the cumulative effect of accounting changes, acquisitions or
         divestitures, foreign exchange impacts and any unusual, nonrecurring
         gain or loss. Nothing herein shall preclude the Committee from making
         any payments or granting any Awards whether or not such payments or
         Awards qualify for tax deductibility under Section 162(m) of the Code.

7. PAYMENT OF AWARDS.

Payment of Awards may be made in the form of cash, stock or combinations thereof
and may include such restrictions as the Committee shall determine. Further,
with Committee approval, payments may be deferred, either in the form of
installments or as a future lump-sum payment, in accordance with such procedures
as may be established from time to time by the Committee. Any deferred payment,
whether elected by the Participant or specified by the Award Agreement or the
Committee, may require the payment to be forfeited in accordance with the
provisions of Section 13. Dividends or dividend equivalent rights may be
extended to and made part of any Award denominated in stock or units of stock,
subject to such terms, conditions and restrictions as the Committee may
establish. The Committee may also establish rules and procedures for the
crediting of interest on deferred cash payments and dividend equivalents for
deferred payments denominated in stock or units of stock. At the discretion of
the Committee, a Participant may be offered an election to substitute an Award
for another Award or Awards of the same or different type.

8. EXERCISE OF STOCK OPTION OR OTHER STOCK AWARD.

Shares of Capital Stock may be purchased under a stock option, or other Stock
Award, in cash at the time of the exercise, as set forth in the related Award
Agreement or, if permitted by the Committee, by means of tendering Capital Stock
or surrendering another Award or any combination thereof, including part payment
in cash. The Committee shall determine acceptable methods of tendering Capital
Stock or other Awards and may impose such conditions on the use of Capital Stock
or other Awards to exercise a stock option or other Stock Award as it deems
appropriate.

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9. TAX WITHHOLDING.

Prior to the payment or settlement of any Award, the Participant must pay, or
make arrangements acceptable to the Company for the payment of, any and all
federal, state and local tax withholding that in the opinion of the Company is
required by law. The Company shall have the right to deduct applicable taxes
from any Award payment and withhold, at the time of delivery or vesting of
shares under the Plan, an appropriate number of shares for payment of taxes
required by law or to take such other action as may be necessary in the opinion
of the Company to satisfy all obligations for withholding of such taxes.

10. TRANSFERABILITY.

No award shall be transferable or assignable, or payable to or exercisable by,
anyone other than the Participant to whom it was granted, except (i) by law,
will or the laws of descent and distribution, or (ii) as a result of the
disability of a Participant. The Committee, however, (in the form of an Award
Agreement or otherwise) may permit transfers of Awards by gift or otherwise to a
member of a Participant's immediate family and/or trusts whose beneficiaries are
members of the Participant's immediate family, or to such other persons or
entities as may be approved by the Committee. Notwithstanding the foregoing, in
no event shall ISOs be transferable or assignable other than by will or by the
laws of descent and distribution.

11. AMENDMENT, MODIFICATION, SUSPENSION OR DISCONTINUANCE OF THE PLAN.

The Board may amend, modify, suspend or terminate the Plan for the purpose of
meeting or addressing any changes in legal requirements or for any other purpose
permitted by law. Subject to changes in law or other legal requirements that
would permit otherwise, the Plan may not be amended without the consent of the
holders of a majority of the shares of Capital Stock then outstanding, to (i)
increase the aggregate number of shares of Capital Stock that may be issued
under the Plan (except for adjustments pursuant to Section 14 of the Plan), or
(ii) permit the granting of stock options or SARs with exercise or grant prices
lower than those specified in Section 6.

12. TERMINATION OF EMPLOYMENT.

If the employment of a Participant terminates, other than as a result of the
death or disability of a Participant, all unexercised, deferred and unpaid
Awards shall be canceled immediately, unless the Award Agreement provides
otherwise. In the event of the death of a Participant or in the event a
Participant is deemed by the Company to be disabled, the Participant's estate,
beneficiaries or representative, as the case may be, shall have the rights and
duties of the Participant under the applicable Award Agreement.

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13. CANCELLATION AND RESCISSION OF AWARDS.

(a) Unless the Award Agreement specifies otherwise, the Committee may cancel,
rescind, suspend. withhold or otherwise limit or restrict any unexpired, unpaid,
or deferred Awards at any time if the Participant is not in compliance with all
applicable provisions of the Award Agreement and the Plan, or if the Participant
engages in any activity that results in termination of the Participant's
employment for cause; violates any rules, policies, procedures or guidelines of
the Company, is convicted of, or enters a guilty plea with respect to, a crime,
whether or not connected with the Company; or engages in any other conduct or
act determined by the Committee to be injurious, detrimental or prejudicial to
any interest of the Company.

(b) Upon exercise, payment or delivery pursuant to an Award, the Participant
shall certify in a manner acceptable to the Company that he or she is in
compliance with the terms and conditions of the Plan. In the event a Participant
fails to comply with the provisions of this Section 13 prior to, or during the
six months after, any exercise, payment or delivery pursuant to an Award, such
exercise, payment or delivery may be rescinded within two years thereafter. In
the event of any such rescission, the Participant shall pay to the Company the
amount of any gain realized or payment received as a result of the rescinded
exercise, payment or delivery, in such manner and on such terms and conditions
as may be required, and the Company shall be entitled to set-off against the
amount of any such gain any amount owed to the Participant by the Company.

14. ADJUSTMENTS.

In the event of any change in the outstanding Capital Stock of the Company by
reason of a stock split, stock dividend, combination or reclassification of
shares, recapitalization, merger, or similar event, the Committee may adjust
proportionately: (a) the number of shares of Capital Stock (i) available for
issuance under the Plan, (ii) available for issuance under ISOs, (iii) for which
Awards may be granted to an individual Participant set forth in Section 6, and
(iv) covered by outstanding Awards denominated in stock or units of stock; (b)
the exercise and grant prices related to outstanding Awards; and (c) the
appropriate Fair Market Value and other price determinations for such Awards. In
the event of any other change affecting the Capital Stock or any distribution
(other than normal cash dividends) to holders of Capital Stock, such adjustments
in the number and kind of shares and the exercise, grant and conversion prices
of the affected Awards as may be deemed equitable by the Committee, including
adjustments to avoid fractional shares, shall be made to give proper effect to
such event. In the event of a corporate merger, consolidation, acquisition of
property or stock, separation, reorganization or liquidation, the Committee
shall be authorized to cause the Company to issue or assume stock options,
whether or not in a transaction to which section 424(a) of the Code applies, by
means of substitution of new stock options for previously issued stock options
or an assumption of previously issued stock options. In such event, the
aggregate number of shares of Capital Stock available for issuance under Awards
under Section 3, including the individual Participant maximums set forth in
Section 6 will be increased to reflect such substitution or assumption.

15. MISCELLANEOUS.

(a) Any notice to the Company required by any of the provisions of the Plan
shall be addressed to the Company's General Counsel in writing, and shall become
effective when it is received.

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(b) The Plan shall be unfunded and the Company shall not be required to
establish any special account or fund or to otherwise segregate or encumber
assets to ensure payment of any Award.

(c) Nothing contained in the Plan shall prevent the Company from adopting other
or additional compensation arrangements or plans, and such arrangements or plans
may be either generally applicable or applicable only in specific cases.

(d) No Participant shall have any claim or right to be granted an Award under
the Plan and nothing contained in the Plan shall be deemed or be construed to
give any Participant the right to be retained in the employ of the Company or to
interfere with the right of the Company to discharge any Participant at any time
without regard to the effect such discharge may have upon the Participant under
the Plan. Except to the extent otherwise provided in any plan or in an Award
Agreement, no Award under the Plan shall be deemed compensation for purposes of
computing benefits or contributions under any other plan of the Company.

(e) The Plan and each Award Agreement shall be governed by the laws of the State
of New York, excluding any conflicts or choice of law rule or principle that
might otherwise refer construction or interpretation of the Plan to the
substantive law of another jurisdiction. Unless otherwise provided in the Award
Agreement, recipients of an Award under the Plan are deemed to submit to the
exclusive jurisdiction and venue of the federal or state courts of New York,
County of Westchester, to resolve any and all issues that may arise out of or
relate to the Plan or any related Award Agreement.

(f) In the event that a Participant or the Company brings an action to enforce
the terms of the Plan or any Award Agreement and the Company prevails, the
Participant shall pay all costs and expenses incurred by the Company in
connection with that action, including reasonable attorneys' fees, and all
further costs and fees, including reasonable attorneys' fees incurred by the
Company in connection with collection.

(g) The Committee and any officers to whom it may delegate authority under
Section 5 shall have full power and authority to interpret the Plan and to make
any determinations thereunder, including determinations under Section 13, and
the Committee's or such officer's determinations shall be binding and
conclusive. Determinations made by the Committee or any such officer under the
Plan need not be uniform and may be made selectively among individuals, whether
or not such individuals are similarly situated.

(h) If any provision of the Plan is or becomes or is deemed invalid, illegal or
unenforceable in any jurisdiction, or would disqualify the Plan or any Award
under any law deemed applicable by the Committee, such provision shall be
construed or deemed amended or limited in scope to conform to applicable laws
or, in the discretion of the Committee, it shall be stricken and the remainder
of the Plan shall remain in full force and effect.

(i) The Plan shall become effective on the date it is approved by the requisite
vote of the stockholders of the Company.

                                       7Exhibit 4.4 

ALCON EXCESS 401(k) PLAN 

EFFECTIVE JANUARY 1, 2004 

I. Name and Purpose 

	 	The name of the plan is the Alcon Excess 401(k) Plan (the “Plan”). Its purpose is to provide certain individuals with benefits attributable to contributions, which would have been made to the Alcon 401(k) Retirement Plan but for limitations imposed by the Code regarding the compensation that can be considered in making contributions on behalf of an employee. This program has been adopted in recognition of these limits to restore the benefits that would have otherwise been available without such restrictions. This Plan is intended to be an unfunded plan maintained primarily for the purpose of providing deferred compensation for a select group of management or highly compensated employees within the meaning of Title I of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). 

II. Effective Date 

        The
 plan shall be effective as of January 1, 2004. 

	 	III. 	Definitions 

	 	A. 	Account means the balance credited to a Participant’s Excess Contribution Account. The Account shall not constitute or be treated as an escrow, trust fund, or any other type of funded account for Code or ERISA purposes and, moreover, contingent amounts credited thereto shall not be considered “plan assets” for ERISA purposes. The Account merely provides a record of the bookkeeping entries relating to the contingent benefits the Sponsor intends to provide the Participant and shall thus reflect a mere unsecured promise to pay amounts in the future. 

	 	B. 	Affiliate means a member of a controlled group of corporations (defined in Code Section 414(b)), trades of business (whether or not incorporated) which are under common control (defined in Code Section 414(c)) or an affiliated service group (defined in Code Section 414(m) or in Code Section 414(c)). 

	 	C. 	Alcon 401(k) Retirement Plan means the Alcon 401(k) Retirement Plan and Trust, Restated Effective January 1, 1997, or any other successor defined contribution plan maintained by the Company that qualifies under Section 401(a) of the Code, and satisfies the requirements thereof. 

	 	D. 	Allocation Form means the form completed by the Participant and delivered to the Committee which indicated the Participant’s choice of the Investment Alternatives as described in Section VI. 

	 	E. 	Beneficiary means any person or persons so designated in accordance with the provisions of Section VIII. 

	 	F. 	Board of Directors means the board of directors of Alcon Holdings Inc. 

	 	G. 	Code means the Internal Revenue Code of 1986, as amended, and the regulations and other authority issued thereunder by the appropriate governmental authority. References to the Code shall include references to any successor section or provision of the Code. 

	 	H. 	Committee means the Chief Executive Officer and Chief Financial Officer of Alcon Holdings Inc. or any other persons appointed by the Board of Directors to administer the Plan and to perform the functions set forth herein. 

	 	I. 	Company means Alcon Holdings Inc. and each Participating Employer except as otherwise provided in Section VI.E.2.c. of the Plan. 

	 	J. 	Compensation means (i) base salary earned by a Participant on a periodic basis throughout the Plan Year, and (ii) cash bonuses paid to a Participant during a Plan Year. For purposes of this Plan, Compensation shall also include amounts which would otherwise meet the definition hereunder but for the voluntary deferral of such amounts pursuant to the Alcon 401(k) Retirement Plan or the Alcon Executive Deferred Compensation Plan, effective October 25, 2002, as may be amended from time to time. 

	 	K. 	Disability means any mental or physical impairment that continuously disables and wholly prevents an Employee from being able to engage in the Employee’s normal and customary duties with the Employer or any Affiliate. The permanence and degree of the impairment shall be supported by competent medical evidence. 

	 	L. 	Discretionary Contribution means the amount contributed by the Company to a Participant’s Account pursuant to Section VI of the Plan. 

	 	M. 	Distribution Event means the date of termination of service of the Participant with the Company for any reason, including death, upon which payment of the Participant’s Account shall be deemed triggered for subsequent distribution, pursuant to Section VII. 

	 	N. 	Eligible Individual means each employee of the Company selected for participation in this Plan pursuant to Section IV of the Plan. 

	 	O. 	Excess Contribution Account means the sum of (i) the amounts credited on behalf of a Participant under the terms of this Plan; and (ii) additional amounts credited/debited to the Participant’s Excess Contribution Account as a result of the Participant’s selection of Investment Alternatives in accordance with Section VI, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan from the Participant’s Excess Contribution Account, including any applicable penalties imposed pursuant to Section VIII.C. 

	 	P. 	Excess Contribution Amount means an amount which would have been credited on behalf of the Participant to the Alcon 401(k) Retirement Plan, but for the limitations imposed by Section 401(a)(17) of the Code, as may be modified from time to time. Such amount shall be determined by multiplying the Participant’s Compensation in excess of the Compensation Limit as defined in Section 401(a)(17) of the Code, by twelve percent (12%) or such other amount may be determined to be the maximum Company Matching Contribution under the provisions of the Alcon 401(k) Retirement Plan; such amounts shall be credited to Excess Contribution Account pursuant to Section VI. 

	 	Q. 	Investment Alternatives means those Investment Alternatives chosen from time to time by the Committee, as described in Section VI, and reflected on the Allocation Form provided on an annual basis by the Company to the Participants. Such Investment Alternatives will allow individual Participants to hypothetically invest the balance of his or her Account during each Plan Year, among Investment Alternatives selected by the Participant, and shall determine the rate of appreciation (or depreciation) attributable to the balance of such Participant’s Account for that Plan Year. 

	 	R. 	Participant means an employee who is both eligible to participate in the Plan under the terms of Section IV and has elected to participate in the Plan. 

	 	S. 	Participating Employer means Alcon Laboratories, Inc., Alcon Research, Ltd., Alcon Manufacturing, Ltd. and Falcon Pharmaceuticals, Ltd. or any other corporation or business organization which adopts the Plan, with the consent of Sponsor. 

	 	T. 	Plan Year means the twelve (12) month period ending on the December 31st of each year during which the Plan is in effect, provided that the first Plan Year shall commence on the Effective Date and end on December 31, 2004. 

	 	U. 	Sponsor means Alcon Holdings Inc. and its successors and assigns. 

	 	V. 	Trust means the grantor trust established pursuant to the Plan. 

	 	W. 	Trustee means the trustee named in the agreement establishing the Trust and such successor and/or additional trustees as may be named pursuant to the terms of the agreement establishing the Trust. 

IV. Eligibility 

	 	An employee of the Company shall be eligible to participate in the Plan if the employee is approved to participate in the Plan by the Committee. An employee shall become a Participant under the Plan upon the timely filing of a statement indicating his or her willingness to be a participant in this Plan and an Allocation Form, as described in Section VI. 

V. Administration of the Plan 

	 	A. 	The Plan shall be administered by the Committee which shall hold meetings at such times as may be necessary for the proper administration of the Plan. The Committee shall have the sole discretion to interpret the provisions of the Plan. Neither the Committee nor any members of the board of directors of any Alcon Affiliated Company shall be liable to any person for any action taken or omitted in connection with the administration or interpretation of the Plan. 

	 	B. 	Subject to the limitations herein set forth, the Committee shall establish from time to time the rules or regulations for the administration of the Plan and the transaction of its business, provided that no such rule or regulation shall be contrary to the specific provisions of the Plan. The Committee has full discretion to interpret the Plan, to determine whether a claimant is eligible for benefits; to decide the amount, form, and timing of benefits; and to resolve any other matter under the Plan which is raised by a claimant or identified by the Committee. The Committee shall determine all questions arising from or in connection with the provisions of the Plan and its administration, and any determination so made shall be final, conclusive and binding upon all persons affected thereby. 

	 	C. 	Communications to the Committee shall be addressed to the Chairman of the Committee, 6201 South Freeway, Fort Worth, Texas 76134. The Secretary of the Committee is hereby designated as agent for service of legal process with respect to any claims arising under the Plan. 

VI. Excess Contribution Account 

      A. Investment
 Alternatives

	 	The Investment Alternatives available for the Participant’s Account will be selected by the Committee, in its sole discretion, and specified on the Allocation Form provided to the Participant by the Committee. Such Investment Alternatives will allow individual Participants to hypothetically invest the balance of their Account during each Plan Year and shall determine the rate of appreciation (or depreciation) which shall be credited on the balance of such Account. Allocation among the Investment Alternatives shall be in increments of whole percentages. A Participant shall have no actual ownership rights in any assets of the Company or the Trust as a result of such Participant’s selection of Investment Alternatives. Moreover, the Company and/or Trust shall have no obligation to invest actual assets in accordance with the Participant’s selection of Investments. 

      B. Reallocation
 Among Investment Alternatives

	 	A Participant may choose, on the first day of each month, to reallocate the deemed investment of the amounts credited to such Participant’s Account among the Investment Alternatives in increments of whole percentages. Such reallocation shall be achieved by submitting an Investment Alternative Change Form to the Committee pursuant to the procedures established by the Committee. 

      C. Periodic
 Credits of Amounts

	 	The Participant’s Excess Contribution Account shall be credited with the amount of the Excess Contribution Amount on the day on which such Excess Contribution Amount would have otherwise been contributed on behalf of the Participant under the Alcon 401(k) Retirement Plan. All periodic credits to a Participant’s Excess Contribution Account shall be accounted for based on the Investment Alternatives selected by the Participant on the Allocation Form or Investment Alternative Change Form. In addition, the Committee, in its sole discretion, may from time to time make Discretionary Contributions to a Participant’s Account. 

      D. Increase
 or Decrease to Account

	 	A Participant’s Excess Contribution Account will be increased or decreased on the last day of each month, in accordance with the Participant’s Investment Alternative election reflected on his or her Allocation Form or Investment Alternative Change Form. 

      E. Vesting in
 the Excess Contribution Account

	 	1. 	The Participant shall be vested in the Excess Contribution Account according to the following schedule based on the Participant’s Years of Service (“YOS”) as defined under the 401(k) Plan: 

	If the Participant has...

	Then the vested percentage shall be...

	Less than 2 YOS	 	0	%
	2 or more YOS but less than 3	 	20	%
	3 or more YOS but less than 4	 	40	%
	4 or more YOS but less than 5	 	70	%
	5 or more YOS	 	100	%

                                                         2.    
 In addition, a Participant’s vested percentage shall be one hundred percent (100%) if: 

                                                     
  a.        Such Participant while an Employee- 

                                                                  
 (i)        Attains age 55; 

                                                               
   (ii)        Dies; or 

                                                               
  (iii)        Suffers a Disability. 

	 	b. 	Such Participant is terminated from service as a result of the closing of the business unit or facility by which he is employed, provided that he/she continues in the employ of such business unit or facility until such date as his/her Participating Employer releases him/her from employment; or 

	 	c. 	A Change-of-Control occurs while the Participant is an Employee. Change-of-Control means the happening of any of the following: 

	                       (i)  	        any “person” including a “group” (as such terms are used in Sections 13(d) and 14(d) of the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”)), but excluding (i) the Company (ii) any entity controlling, controlled by or under common control with the Company including Nestlé S.A. (Nestlé), (iii) any employee benefit plan of the Company or any such entity, (iv) any entity or group acting to facilitate any initial public offering of the Shares and, (v) with respect to any particular Participant, the Participant and any “group” (as such term is used in Section 13(d)(3) of the Exchange Act) of which such Participant is a member, and (vi) any acquisition of securities directly from the Company is or becomes the “beneficial owner” (as defined in Rule 13(d)(3) under the Exchange Act), directly or indirectly, of
securities of the Company representing 50% or more of either (i) the combined voting power of the Company’s then outstanding securities or (ii) the then outstanding Shares; or 

	 (ii) 	        the consummation of any consolidation or merger of the Company or subsidiary where the shareholders of the Company immediately prior to the consolidation or merger, do not, immediately after the consolidation or merger, beneficially own (as such term is used in Rule 13(d)(3) under the Exchange Act), directly or indirectly, securities representing in the aggregate 51% or more of the combined voting power of the then outstanding voting securities of the corporation issuing cash or securities in the consolidation or merger (or its ultimate parent corporation, if any), except any such transaction with Nestlé or any entity controlled by Nestlé; or 

	(iii) 	        any sale, lease, exchange or other transfer (in one transaction or in a series of transactions contemplated or arranged by any party as a single plan) of all or substantially all of the assets of the Company other than the sale or disposition by the Company of all or substantially all of the Company’s assets either (i) to an entity, at least 51% of the combined voting power of the voting securities of which are beneficially owned by shareholders in substantially the same proportion as their ownership of the Company immediately prior to such sale or (ii) to Nestlé or to an entity controlled by Nestlé, or 

	(iv) 	        during any period of two consecutive years commencing on or after January 1, 2002, individuals who, at the beginning of the period, constituted the Board of Directors (together with any new directors whose election by such Board or whose nomination for election by the stockholders of the Company was approved by a majority of the directors then still in office who were either directors at the beginning of such period or whose election or nomination for election was previously so approved) cease for any reason to constitute at least a majority of the Board of Directors then in office. 

	 	Solely for purposes of this definition the following terms have the meanings set forth below:

	(a) 	        “Board of Directors” means, the Board of Directors of Alcon, Inc. 

	(b) 	        “Company” means, Alcon, Inc., the parent Company of Alcon Holdings Inc., a corporation organized in Switzerland, and who shares are traded on the New York Stock Exchange (NYSE) under the symbol ACL, and its subsidiaries, successors and assigns. 

	(c) 	        “Shares” means the registered outstanding common stock of Alcon, Inc., CHF 0.20 par value per share. 

VII. Method of Distribution 

      A. In
 General 

	 	Distribution of a Participant’s Account balance will commence upon the Participant reaching a Distribution Event, and the Participant shall have the ability to elect to receive distribution of his or her Account balance as follows: 

	 	1. 	A lump sum payment, or, 

	 	2. 	In substantially equal annual installments over a predetermined number of years, selected by the Participant. If annual installments are selected by the Participant, the initial installment shall be based on the value of the Participant’s Account, measured just prior to distribution, and shall be equal to 1/n (where ‘n’ is equal to the total number of annual installments not yet distributed). Subsequent installment shall be computed in a consistent fashion, with the measurement date being the anniversary of the original measurement date. 

      B. Timing of
 Payments

	 	The annual installments will commence on the business day coinciding with or next following the April 1st subsequent to the Participant’s applicable Distribution Event and continuing on each April 1st until all annual installments have been distributed. Lump sum distributions shall be paid by the Company no later than thirty (30) days following the applicable Distribution Event. 

VIII. Change in Distribution Schedule 

	 	A. 	Death of Participant – In the event of the death of a Participant before distribution of the Participant’s Account balance has commenced or been completed, the Trustee shall pay the remaining balance of any Account in one lump sum, to the individual designated as primary beneficiary on the latest executed Notice of Change of Beneficiary form on file, within a reasonable time period but not later than one hundred (100) days after the date of the Participant’ s death. If the primary beneficiary designated on the latest executed Notice of Change of Beneficiary form is no longer living at the time of the Participant’s death, the Trustee shall pay the remaining Account balance in one lump sum to the individual designated as secondary beneficiary on the latest executed Notice of Change of Beneficiary form on file. If the Secondary Beneficiary designated on the latest executed Notice of Change of Beneficiary form is no
longer living at the time of the Participant’s death, the Trustee shall pay the remaining balance of any Account in one lump sum to the Participant’s estate. 

	 	If the Participant wishes to change the beneficiary, the Participant may do so at any time by submitting a new Notice of Change of Beneficiary form to the Committee, which form shall become effective upon receipt by the Committee. 

	 	B. 	Change in Distribution Date – If a Participant wishes to modify the payment schedule noted in Section VII, he or she must submit a written petition to the Committee for such change. The Committee has sole discretion in whether to permit the requested change. The written petition must be submitted to the Committee at least one (1) year prior to the date the Participant would otherwise be receiving a distribution in accordance with the most recently executed petition. 

	 	C. 	Early Lump Sum Distribution – Notwithstanding any other provision of this Plan, a Participant may elect to receive a lump sum distribution of all or a portion of the funds accumulated in his or her Account upon submission of a written request and its approval by the Committee; however, the distribution will be subject to a ten (10) percent early withdrawal penalty. The withdrawal penalty is ten (10) percent of the amount of the lump sum distribution and will reduce such distribution. In addition, the Participant shall not be eligible to have his or her Account credited with an Excess Contribution Amount for a period of no less than twelve (12) calendar months following the distribution under this provision. 

IX. Offset for Obligations to Company 

	 	If the Participant has any debt, obligation or other liability representing an amount owing to the Company or any affiliate of the Company, and if such debt, obligation, or other liability is due and owing at the time benefit payments are payable hereunder, the Company may offset the amount owing it or any affiliate against the amount of benefits otherwise distributable hereunder. 

X. Liability of Company 

	 	Except as provided below, all contributions and distributions to be made as required by this Plan shall be obligations of the Sponsor. On the basis of the information furnished by the Committee, the Trustee shall keep separate books and records concerning the affairs of each Participating Employer hereunder and as to the accounts and credits of the Participants of each Participating Employer. 

XI. Rights of a Participant 

	 	Establishment of the Plan shall not be construed as giving any Participant the right to be retained in the Company’s service or employ or the right to receive any benefits not specifically provided by the Plan. 

	 	Any amounts due or credited under this Plan will not be segregated from the general funds of the Company, and no Participant will have any claim on any specific assets of the Company. To the extent that any Participant acquires a right to receive benefits under this Plan, his or her right will be no greater than the right of any unsecured general creditor of the Company and is not assignable or transferable except to the Participant’s estate as defined in Section VIII. 

XII. Amendment and Termination 

	 	The Board may amend, modify, or terminate the Plan at any time. No amendment, modification, or termination shall reduce any benefits accrued or rights entitled to by any Participant prior to such amendment, modification, or termination. 

XIII. Determination of Benefits 

      See Appendix
 A.

XIV.     Notices 

	 	Notices and elections under this Plan must be in writing. A notice or election is deemed delivered if it is delivered personally or mailed by registered or certified mail to the person at his or her last known business address. 

XV. General Provisions 

	 	A. 	Controlling Law – Except to the extent superseded by federal law, the laws of the State of Texas shall be controlling in all matters relating to the Plan, including construction and performance thereof. 

	 	B. 	Captions – The captions of sections and paragraphs of this Plan are for the convenience of reference only and shall not control or affect the meaning or construction of any of its provisions. 

	 	C. 	Facility of Payment – Any amounts payable hereunder to any Participant who is under legal disability or who, in the judgment of the Committee, is unable to properly manage his or her financial affairs may be paid to the legal representative of such Participant or may be applied for the benefit of such Participant in any manner which the Committee may select, and any such payment shall be deemed to be payment for such Participant’s Account and shall be a complete discharge of all liability of the Company with respect to the amount so paid. 

	 	D. 	Withholding of Payroll Taxes – The Company shall withhold from a Participant’s Compensation, all federal, state and local income, employment and other taxes required to be withheld by the Company with respect to any amounts credited or due under the Plan, in amounts and in a manner to be determined in the sole discretion of the Company. 

	 	The Company, or the Trustee of the Trust, shall withhold from any distributions made to a Participant under this Plan, all federal, state and local income, employment, and other taxes required to be withheld by the Company or the Trustee of the Trust, in connection with such distributions, in amounts and in a manner to be determined in the sole discretion of the Company and/or the Trustee of the Trust. 

	 	E. 	Administrative Expenses – All expenses of administering the Plan shall be borne by the Company. No part thereof shall be charged against any Participant’s Account or any amounts distributable hereunder. 

	 	F. 	Severability – Any provision of this Plan prohibited by the law of any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition without invalidating the remaining provisions hereof. 

	 	G. 	No Liabilities – Except as otherwise expressly provided herein, no member of the Board of Directors of the Company and no officer, employee, or agent of the Company shall have any liability to any person, firm, or corporation based on or arising out of the Plan, except in the case of gross negligence or fraud. 

	 	H. 	Binding on all Successors – In the event of a Change of Control, any surviving or acquiring corporation shall assume the Plan and all obligations hereunder. In the event any surviving or acquiring corporation refuses to assume the terms set out in this section, then each Participant will receive the balance in his or her Account in a single lump sum immediately upon a Change of Control. 

	 	I. 	Section 162(m) Deduction Limitation – In the event the Company would be denied a deduction for amounts otherwise payable in any Plan Year to a Participant under Section VII by reason of the application of section 162(m) of the Code, the Committee, in its sole discretion, may reduce any payment otherwise due to such Participant (but not below zero) to the extent necessary to avoid such application of section 162(m) and such amount not paid and the net appreciation or depreciation credited thereon shall be paid to the Participant in the earliest Plan Year(s) in which payment may be made without application of section 162(m). 

XVI. Unfunded Status of Plan 

	 	It is the intention of the parties that the arrangements herein described be unfunded for tax purposes and for purposes of Title I of ERISA. Plan Participants have the status of general unsecured creditors of the Company or any Participating Company. The Plan constitutes a mere promise by the Company to make payments in the future. 

	 	The Company may establish the Trust(s) with the Trustee, pursuant to such terms and conditions as are set forth in the Trust agreement(s) to be entered into between the Company and the Trustee. The Trust is intended to be treated as a “grantor” trust under the Code and the establishment of the Trust is not intended to cause Participants to realize current income on amounts contributed thereto, and the Trust shall be so interpreted. 

XVII. Rights to Benefits 

	 	A Participant’s rights’ to benefit payments under the plan are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors of the Participant or the Participant’s beneficiaries. 

	 	IN WITNESS WHEREOF, the Sponsor has caused this Plan to be executed this the 19th day of December, 2003. 

      ALCON HOLDINGS
 INC.

      By:
 

      /s/
 T.R.G. Sear
      T.R.G. Sear, 
     Chairman
 of the Board
     President
 and CEO

      By:
 

      /s/
 J.A. Fouse
     Jacqualyn A. Fouse
     Senior
 V. P., Finance and CFO 

Page 1 of 2 

APPENDIX A 

I. Determination of Benefits 

	 	A. 	Claim – A person who believes that he is being denied a benefit to which he is entitled under the Plan (hereinafter referred to as a “Claimant”) may file a written request for such benefit with the Company, setting forth his claim. The request must be addressed to the Board of the Company related to the Participant at its then principal place of business. 

	 	B. 	Claim Decision – Upon receipt of a claim, the Company shall advise the Claimant that a reply will be forthcoming within ninety (90) days and shall, in fact, deliver such reply within such period. The Company may, however, extend the reply period for an additional ninety (90) days for reasonable cause. If the claim is denied in whole or in part, the Company shall adopt a written report, using language calculated to be understood by the Claimant, setting forth: 

                                                      1.       
 The specific reason or reasons for such denial; 

	 	2. 	The specific reference to pertinent provisions of this Plan upon which such denial is based; 

	 	3. 	A description of any additional material or information necessary for the Claimant to clarify his claim and an explanation why such material or such information is necessary; 

                                                    
 4,           Appropriate information as to the steps
 to be taken if the Claimant wishes to submit the claim for review; and 

                                                    
 5,            The time limits for requesting
 a review.

	 	C. 	Request for a Review – Within sixty (60) days after the receipt by the Claimant of the written report described above, the Claimant may request in writing that the Board review the determination of the Company. Such request must be addressed to the Board’s principal place of business. The Claimant or his duly authorized representative may, but need not, review the pertinent documents and submit issues and comments in writing for consideration by the Company. If the Claimant does not request a review of the Company’s determination by the Board within such sixty (60) day period, he shall be barred and estopped from challenging the Company’s determination. 

	 	D. 	Review of Decision – Within sixty (60) days after the Board’s receipt of a request for review, they will review the Company’s determinations. After considering all materials presented by the Claimant, the Board will render a written report, written in a manner calculated to be understood by the Claimant, setting forth the specific reasons for the decision and containing specific references to the pertinent provisions of this Plan on which the decision is based. If special circumstances require that the sixty (60) day time period be extended, the Board will so notify the Claimant and will render the decision as soon as possible, but no later than one hundred twenty (120) days after receipt of the request for review.

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