Document:

Exhibit
10(f)(f)(f)

 

STOCK NOTIFICATION AND AWARD
AGREEMENT

 

 

 

	
  Name:

  	
  Employee
  ID:

  
	
   

  	
   

  
	
  Manager
  Name:

  	
   

  
	
   

  	
   

  
	
  Department:

  	
   

  

 

 

 

Congratulations on receiving a stock award.  This award reflects your management team’s
recognition of your significant contributions to Hewlett-Packard Company’s
success.

 

HP has long been known for talented employees like you who have an
unwavering commitment to HP’s customers, driving growth and profitability and
creating value. Stock awards are one important way we demonstrate our commitment
to rewarding your strong performance and individual achievements. Thank you for
your hard work and commitment to building a successful company.

 

Once again, congratulations on a job well done.

 

 

	
   

  
	
  Grant Date:

  
	
   

  
	
  Grant
  Number:

  
	
   

  
	
  Grant Price:

  
	
   

  
	
  Award Amount:

  
	
   

  
	
  Award Type/Sub
  Type:

  
	
   

  
	
  Expiration Date:

  
	
   

  
	
  Plan:

  
	
   

  
	
  Program Type:

  
	
   

  
	
  Vesting Schedule:

  
	
   

  

 

Restricted Stock Units

 

THIS STOCK NOTIFICATION AND AWARD AGREEMENT, as of the
Grant Date noted above between Hewlett-Packard Company, a Delaware Corporation
(“Company”), and  the employee named above (“Employee”),
is entered into as follows:

 

WHEREAS, the continued participation of the Employee
is considered by the Company to be important for the Company’s continued
growth; and

 

WHEREAS, in
order to give the Employee an incentive to continue in the employ of the
Company and to participate in the affairs of the Company, the HR and
Compensation Committee of the Board of Directors of the Company or its
delegates (“Committee”) has determined that the Employee shall be granted
restricted stock units 

 

1

 

representing
hypothetical shares of the Company’s common stock (“RSUs”), with each RSU equal
in value to one share of the Company’s $0.01 par value common stock (“Shares”),
subject to the restrictions stated below and in accordance with the terms and
conditions of the Plan named above, a copy of which can be found on the Stock
Incentive Program website at: [URL] or by written
or telephonic request to the Company Secretary.

 

THEREFORE,
the parties agree as follows:

 

1.              Grant of
Restricted Stock Units.

Subject to the terms and conditions of this Stock
Notification and Award Agreement and of the Plan, the Company hereby grants to
the Employee  the number of RSUs set forth
above.

 

2.              Vesting
Schedule.

The interest of the Employee in the
RSUs shall vest according to the vesting schedule set forth above, or if
earlier, in accordance with Section 7, below. Unless, the provisions of Section 7
apply, the Employee must remain in the employ of the Company on a continuous,
full-time basis through the close of business on the last Vesting Date, as set
forth above, for  the
interest of the Employee in the RSUs shall become fully vested on that date.

 

3.              Benefit Upon
Vesting.

Within 90 days of each date set forth
on the above vesting schedule, the Company shall issue or pay, as applicable,
to the Employee Shares or a combination of cash and Shares, as the Company
determines in its sole discretion, equal to:

(a)  the number of RSUs that
have vested multiplied by the fair market value (as defined in the Plan) of a
Share on the date on which such RSUs vest; and

 

(b) a dividend equivalent
payment determined by:

 

(1)         multiplying
the number of vested RSUs by the dividend per Share on each dividend payment
date between the date hereof and the vesting date to determine the dividend
equivalent amount for each dividend payment date;

 

(2)         dividing the
amount determined in (1) above by the fair market value of a Share on the
date of such dividend payment to determine the number of additional RSUs to be
credited to the Employee; and

 

(3)         multiplying
the number of additional RSUs determined in (2) above by the fair market
value of a Share on the vesting date to determine the aggregate amount of dividend
equivalent payments for such vested RSUs;

 

provided, however, that if any
aggregated dividend equivalent payments in paragraph (b)(3) above results
in a payment of a fractional share, such fractional share shall be rounded up
to the nearest whole share. 
Notwithstanding the foregoing to the contrary, in the event that the
provisions of Section 7 apply, the issuance or payment to the Employee, as
applicable, shall be made in accordance with the vesting schedule set forth
above.

 

4.              Restrictions.

(a)         Except as
otherwise provided for in this Stock Notification and Award Agreement, the RSUs
or rights granted hereunder may not be sold, pledged or otherwise transferred
until the RSUs become vested in accordance with the vesting schedule set forth
above.  The period of time between the
date hereof and the date the RSUs become fully vested is referred to herein as
the “Restriction Period.”

 

(b)         Except as
otherwise provided for in this Stock Notification and Award Agreement, if the
Employee’s employment with the Company is terminated at any time for any reason
prior to the lapse of the Restriction Period, all RSUs granted hereunder shall
be forfeited by the Employee.

 

5.              Custody of
Restricted Stock Units.

The RSUs subject hereto shall be held in escrow in a restricted
book entry account with the Company’s transfer agent in the name of the
Employee.  Upon termination of the
Restriction Period, if the Company determines, in its sole discretion, to issue
Shares pursuant to Section 3 above, such Shares shall be released into an
unrestricted book entry account with the Company’s transfer agent; provided,
however, that a portion of such Shares shall be surrendered in payment of
required withholding taxes in accordance with Section 10 below, unless the
Company, in its sole discretion, establishes alternative procedures for the
payment of required withholding taxes.

 

2

 

6.              No
Stockholder Rights.

RSUs represent hypothetical Shares.  During the Restriction Period, the Employee
shall not be entitled to any of the rights or benefits generally accorded to
stockholders.

 

7.              Disability or
Retirement of the Employee.

If the Employee’s termination of employment is due to the
Employee’s total and permanent disability or retirement, in accordance with the
applicable retirement policy, all outstanding and unvested RSUs shall continue
to vest in accordance with Section 2, provided that the following
conditions are met for the entire Restriction Period:

(a)         The Employee
shall render, as an independent contractor and not as an Employee, such
advisory or consultative services to the Company as shall reasonably be
requested by the Company, consistent with the Employee’s health and any other
employment or other activities in which such Employee may be engaged;

 

(b)         The Employee
shall not render services for any organization or engage directly or indirectly
in any business which, in the opinion of the Company, competes with or is in
conflict with the interests of the Company;

 

(c)          The Employee
shall not, without prior written authorization from the Company, disclose to
anyone outside the Company, or use in other than the Company’s business, any
confidential information or material relating to the business of the Company,
either during or after employment with the Company; and

 

(d)         The Employee
shall disclose promptly and assign to the Company all right, title and interest
in any invention or idea, patentable or not, made or conceived by the Employee
during employment by the Company, relating in any manner to the actual or
anticipated business of the Company, anything reasonably necessary to enable
the Company to secure a patent where appropriate in the United States and in
foreign countries.

 

8.              Death of the
Employee.

In the event of the Employee’s death prior to the end of the
Restriction Period, then within 90 days of the Employee’s death the Employee’s
estate or designated beneficiary shall have the right to receive a pro rata
payment of cash, Shares or combination of cash and Shares, as the Company
determines in its sole discretion.  In
the event of the Employee’s death after the vesting date but prior to the
payment associated with such the RSUs, then within 90 days of the Employee’s
death payment for such RSUs shall be made to the Employee’s estate or
designated beneficiary.

 

9.              Accelerations
or Delayed Delivery.

Notwithstanding anything in this
Stock Notification and Award Agreement to the contrary, the Company, in its
sole discretion may accelerate or delay the delivery of any RSUs subject to Section 409A
of the Internal Revenue Code of 1986, as amended and the regulations and
guidance issued thereunder (“Section 409A”) under the circumstances, and
to the extent, permitted by Section 409A. 
Further, in the event the Company elects to accelerate delivery of any
RSUs subject to Section 409A or pay cash in exchange for the cancellation
of any RSUs subject to Section 409A as the result of a Change in Control
pursuant to the Plan such acceleration or exchange shall only be effective to
the extent the event constitutes a change in control event for purposes of Section 409A.
In all other circumstances delivery will be made in accordance with the normal
vesting schedule.

 

10.       Taxes.

(a)         The Employee
shall be liable for any and all taxes, including income tax, social insurance, payroll tax, payment on account or other
tax-related items related to the Employee’s participation in the Plan and
legally applicable or otherwise recoverable from the Employee (such
as fringe benefit tax) by the Company and/or the Employee’s employer (the “Employer”)
(“Tax-Related Items”).  In the event that the Company or the Employer is required, allowed or permitted to
withhold taxes as a result of the grant or vesting of RSUs, or subsequent sale
of Shares acquired pursuant to such RSUs, or due upon receipt of dividend
equivalent payments, the Employee shall surrender a sufficient number of whole
Shares, make a cash payment or make adequate arrangements satisfactory to the
Company and/or the Employer to withhold such taxes from Employee’s wages or
other cash compensation paid to the Employer by the Company and/or the Employer
at the election of the Company, in its sole discretion, or, if permissible under local law, the Company may sell or arrange for
the sale of Shares that Employee acquires as necessary to
cover all applicable required withholding taxes that are legally recoverable
from the Employee (such as fringe benefit tax) and required social security
contributions at the time the restrictions on the RSUs lapse (however, with respect to any Shares subject to Section 409A, the
Employer shall limit the surrender of Shares at vesting to the minimum number
of Shares permitted to avoid a prohibited acceleration under Section 409A), unless the
Company, in its sole discretion, has established alternative procedures for
such payment.  The Employee will receive
a cash refund for any fraction of a surrendered Share or Shares in excess of
any and all Tax-Related Items.  To the
extent that any surrender of Shares or payment of cash or alternative procedure
for such payment is insufficient, the Employee authorizes the Company, its
Affiliates and Subsidiaries, which are qualified to deduct tax at source, to
deduct from the Employee’s compensation all Tax-related Items.  The Employee 

 

3

 

agrees to pay any amounts that cannot be satisfied from
wages or other cash compensation, to the extent permitted by law.

 

To avoid negative accounting treatment, the Company and/or
the Employer may withhold or account for Tax-Related Items by considering
applicable minimum statutory withholding amounts or other applicable
withholding rates.  If the obligation for
Tax-Related Items is satisfied by withholding in Shares, for tax purposes, the
Employee is deemed to have been issued the full number of Shares subject to the
vested RSUs, notwithstanding that a number of the Shares are held back solely
for the purpose of paying the Tax-Related Items due as a result of any aspect
of the Employee’s participation in the Plan.

 

(b)         Regardless of any action the Company or the Employer takes with respect
to any or all Tax-Related Items, the Employee acknowledges and agrees that the
ultimate liability for all Tax-Related Items is and remains the Employee’s
responsibility and may exceed the amount actually withheld by the Company or
the Employer.  The Employee further
acknowledges that the Company and/or the Employer: (i) make no
representations nor undertakings regarding the treatment of any Tax-Related
Items in connection with any aspect of this grant of RSUs, including, but not
limited to, the grant, vesting or settlement of RSUs, the subsequent issuance
of Shares and/or cash upon settlement of such RSUs or the subsequent sale of
any Shares acquired pursuant to such RSUs and receipt of any dividends or
dividend equivalent payments; and (ii)  do not commit to and are under no
obligation to structure the terms or any aspect of this grant of RSUs to reduce
or eliminate the Employee’s liability for Tax-Related Items or to achieve any particular
tax result.  Further, if the Employee has
become subject to tax in more than one jurisdiction between the date of grant
and the date of any relevant taxable or tax withholding event, as applicable,
the Employee acknowledges that the Company and/or the Employer (or former
employer, as applicable) may be required to withhold or account for Tax-Related
Items in more than one jurisdiction.  The
Employee shall pay the Company or the Employer any amount of Tax-Related Items
that the Company or the Employer may be required to withhold or account for as
a result of the Employee’s participation in the Plan or the Employee’s receipt
of RSUs that cannot be satisfied by the means previously described.  The Company may refuse to deliver the benefit
described in Section 3 if the Employee fails to comply with the Employee’s
obligations in connection with the Tax-Related Items.

 

(c)          In accepting
the RSUs, the Employee consents and agrees that in the event the RSUs become
subject to an employer tax that is legally permitted to be recovered from the
Employee, as may be determined by the Company and/or the Employer at their sole
discretion, and whether or not the Employee’s employment with the Company
and/or the Employer is continuing at the time such tax becomes recoverable, the
Employee will assume any liability for any such taxes that may be payable by
the Company and/or the Employer in connection with the RSUs.  Further, by accepting the RSUs, the Employee
agrees that the Company and/or the Employer may collect any such taxes from the
Employee by any of the means set forth in this Section 10.  The Employee further agrees to execute any
other consents or elections required to accomplish the above, promptly upon
request of the Company.

 

11.       Data Privacy
Consent.

The Employee understands that the Company, its
Affiliates, its Subsidiaries and the Employer hold certain personal information
about the Employee, including, but not limited to, name, home address and
telephone number, date of birth, social insurance number or other
identification number, salary, nationality, job title, any shares of stock or
directorships held in the Company, details of all RSUs, options or any other
entitlement to shares of stock awarded, canceled, purchased, exercised, vested,
unvested or outstanding in the Employee’s favor for the exclusive purpose of
implementing, managing and administering the Plan (“Data”). The Employee
understands that the Data may be transferred to any third parties assisting in
the implementation, administration and management of the Plan, that these
recipients may be located in the Employee’s country or elsewhere and that the
recipient country may have different data privacy laws and protections than the
Employee’s country. HP is committed to protecting the privacy of the Employee’s
personal data in such cases. By contract with both the HP affiliate and with HP
vendors, the people and companies that have access to the Employee’s personal
data are bound to handle such data in a manner consistent with the HP Privacy
Policy and law. HP also performs due diligence and audits on its vendors in
accordance with good commercial practices to ensure their capabilities and
compliance with those commitments.

 

The Employee may request a list
with the names and addresses of any potential recipients of the data by
contacting the local human resources representative. The Employee understands
that data will be held only as long as is necessary to implement, administer
and manage participation in the Plan.

 

4

 

12.       Plan Information.

The Employee agrees to receive copies of the Plan, the Plan
prospectus and other Plan information, including information prepared to comply
with laws outside the United States, from the Stock Incentive Program website
referenced above and stockholder information, including copies of any annual
report, proxy and Form 10-K, from the investor relations section of the HP
website at www.hp.com.  The
Employee acknowledges that copies of the Plan, Plan prospectus, Plan information
and stockholder information are available upon written or telephonic request to
the Company Secretary.

 

13.       Acknowledgment and
Waiver.

By accepting this grant of RSUs,
the Employee acknowledges and agrees that: (i) the Plan is established
voluntarily by the Company, it is discretionary in nature and may be modified,
amended, suspended or terminated by the Company at any time; (ii) the
grant of RSUs is voluntary and occasional and does not create any contractual
or other right to receive future grants of Shares or RSUs, or benefits in lieu
of Shares or RSUs, even if Shares or RSUs have been granted repeatedly in the
past; (iii) all decisions with respect to future grants, if any, will be
at the sole discretion of the Company; (iv) the Employee’s participation
in the Plan shall not create a right to further employment with the Employer
and shall not interfere with the ability of the Employer to terminate the
Employee’s employment relationship at any time and it is expressly agreed and
understood that employment is terminable at the will of either party, insofar
as permitted by law;  (v)  the
Employee is participating voluntarily in the Plan; (vi)  RSUs and their
resulting benefits are extraordinary items that do not constitute compensation
of any kind for services of any kind rendered to the Company or the Employer,
and which are outside the scope of the Employee’s employment contract, if any; (vii) RSUs
and their resulting benefits are not intended to replace any pension rights or
compensation; (viii) RSUs and their resulting benefits are not part of
normal or expected compensation or salary for any purposes, including, but not
limited to calculating any severance, resignation, termination, redundancy,
dismissal, end of service payments, bonuses, long-service awards, pension or
retirement or welfare benefits or similar payments insofar as permitted by law
and in no event should be considered as compensation for, or relating in any
way to, past services for the Company, the Employer or any Subsidiary or Affiliate;
(ix) this grant of RSUs will not be interpreted to form an employment
contract or relationship with the Company, and furthermore, this grant of RSUs
will not be interpreted to form an employment contract with the Employer or any
Subsidiary or Affiliate;  (x) the
future value of the underlying Shares is unknown and cannot be predicted with
certainty; (xi) no claim or entitlement to compensation or damages shall
arise from forfeiture of the RSUs resulting from termination of Employee’s
employment by the Company or the Employer (for any reason whatsoever and
whether or not in breach of local labor laws), and in consideration of the
grant of the RSUs to which the Employee is otherwise not entitled, the Employee
irrevocably agrees never to institute any claim against the Company or the
Employer, waives his or her ability, if any, to bring any such claim, and
releases the Company and the Employer from any such claim; if, notwithstanding
the foregoing, any such claim is allowed by a court of competent jurisdiction,
then, by participating in the Plan, the Employee shall be deemed irrevocably to
have agreed not to pursue such claim and to have agreed to execute any and all
documents necessary to request dismissal or withdrawal of such claims; (xii) notwithstanding
any terms or conditions of the Plan to the contrary, in the event of
termination of the Employee’s employment (whether or not in breach of local
labor laws), the Employee’s right to receive benefits under this Stock
Notification and Award Agreement after termination of employment, if any, will
be measured by the date of termination of Employee’s active employment and will
not be extended by any notice period mandated under local law (e.g., active
employment would not include a period of “garden leave” or similar period
pursuant to local law); (xiii) the Committee shall have the exclusive
discretion to determine when the Employee is no longer actively employed for
purposes of the RSUs.

 

14.       No Advice Regarding
Grant.

The Company is not providing any tax, legal or financial
advice, nor is the Company making any recommendations regarding the Employee’s
participation in the Plan, or the Employee’s acquisition or sale of the
underlying Shares.  The Employee is
hereby advised to consult with his or her own personal tax, legal and financial
advisors regarding his or her participation in the Plan before taking any
action related to the Plan.

 

15.       Miscellaneous.

(a)         The Company
shall not be required to treat as owner of RSUs, and any associated benefits
hereunder, any transferee to whom such RSUs or benefits shall have been
transferred in violation of any of the provisions of this Stock Notification
and Award Agreement.

 

(b)         The parties
agree to execute such further instruments and to take such action as may
reasonably be necessary to carry out the intent of this Stock Notification and
Award Agreement.

 

(c)          Any notice
required or permitted hereunder shall be given in writing and shall be deemed
effectively given upon delivery to the Employee at his address then on file
with the Company.

 

5

 

(d)         The Plan is
incorporated herein by reference. The Plan and this Stock Notification and
Award Agreement constitute the entire agreement of the parties with respect to
the subject matter hereof and supersede in their entirety all prior
undertakings and agreements of the Company and the Employee with respect to the
subject matter hereof, and may not be modified adversely to the Employee’s
interest except by means of a writing signed by the Company and the
Employee.  Notwithstanding the foregoing, nothing in the Plan or this Stock
Notification and Award Agreement shall affect the validity or interpretation of
any duly authorized written agreement between the Company and the Employee under
which an Award properly granted under and pursuant to the Plan serves as any
part of the consideration furnished to the Employee.  This Stock Notification and Award Agreement
is governed by the laws of the state of Delaware.

 

(e)         If the Employee has received this or any other document related to the
Plan translated into a language other than English and if the meaning of the
translated version is different than the English version, the English version
will control.

 

(f)           The provisions of this Stock Notification and Award Agreement are
severable and if any one or more provisions are determined to be illegal or
otherwise unenforceable, in whole or in part, the remaining provisions shall
nevertheless be binding and enforceable.

 

(g)       Payments made pursuant to the Plan and this Stock Notification and Award
Agreement are intended to comply with Section 409A.  The Company reserves the right, to the extent
the Company deems necessary or advisable in its sole discretion, to
unilaterally amend or modify the Plan and/or this Stock Notification and Award
Agreement to ensure that all RSU Awards made to United States taxpayers are
made in a manner that complies with Section 409A (including, without
limitation, the avoidance of penalties thereunder), provided however, that the
Company makes no representations that the RSUs will be exempt from any
penalties that may apply under Section 409A and makes no undertaking to
preclude Section 409A from applying to this RSU award.

 

(h)         Electronic
Delivery.

The Company may, in its sole discretion, decide to deliver
any documents related to current or future participation in the Plan by
electronic means.  The Employee hereby
consents to receive such documents by electronic delivery and agrees to participate
in the Plan through an on-line or electronic system established and maintained
by the Company or another third party designated by the Company.

 

(i)             Any capitalized terms not defined herein shall have the same meaning
they have in the Plan.

 

(j)             Appendix.

Notwithstanding any provisions in this Stock Notification and Award Agreement,
the grant of the RSUs shall be subject to any special terms and conditions set
forth in the Appendix to this Stock Notification and Award Agreement for the
Employee’s country.  Moreover, if the
Employee relocates to one of the countries included in the Appendix, the
special terms and conditions for such country will apply to the Employee, to
the extent the Company determines that the application of such terms and
conditions is necessary or advisable in order to comply with local law or
facilitate the administration of the Plan. 
The Appendix constitutes part of this Stock Notification and Award
Agreement.

 

(k)          Imposition of
Other Requirements.

The Company reserves the right to impose other requirements
on the Employee’s participation in the Plan, on the RSUs and on any Shares
acquired under the Plan, to the extent the Company determines it is necessary
or advisable in order to comply with local law or facilitate the administration
of the Plan, and to require the Employee to sign any additional agreements or
undertakings that may be necessary to accomplish the foregoing.

 

6

 

HEWLETT-PACKARD COMPANY

 

 

 

Léo Apotheker

CEO and
President

 

 

 

Michael J. Holston

Executive Vice President, General Counsel and Secretary

 

 

 

RETAIN
THIS STOCK NOTIFICATION AND AWARD AGREEMENT FOR YOUR RECORDS

 

Important Note:  Your award is subject to the terms and conditions of this Stock
Notification and Award Agreement and to HP obtaining all necessary government
approvals.  If you have questions
regarding your award, please discuss them with your manager.

 

7Exhibit 10(g)(g)(g)

 

STOCK NOTIFICATION AND AWARD AGREEMENT

 

 

	
  Name:

  	
   

  	
  Employee ID:

  
	
   

  	
   

  	
   

  
	
  Manager Name:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Department:

  	
   

  	
   

  

 

 

Congratulations on receiving a stock award.  This award reflects your management team’s
recognition of your significant contributions to Hewlett-Packard Company’s
success.

 

HP has long been known for talented employees like you who have an
unwavering commitment to HP’s customers, driving growth and profitability and
creating value. Stock awards are one important way we demonstrate our
commitment to rewarding your strong performance and individual achievements.
Thank you for your hard work and commitment to building a successful company.

 

Once again, congratulations on a job well done.

 

 

 

Grant Date:

 

Grant Number:

 

Grant Price:

 

Award Amount:

 

Award Type/Sub Type:

 

Expiration Date:

 

Plan:

 

Program Type:

 

Vesting Schedule:

 

 

Performance-Based Restricted Units

 

THIS STOCK NOTIFICATION AND AWARD AGREEMENT, as of the
Grant Date noted above, between Hewlett-Packard Company, a Delaware Corporation
(“Company”), and  the employee named above (“Employee”),
is entered into as follows:

 

WHEREAS, the continued participation of the Employee
is considered by the Company to be important for the Company’s continued
growth; and

 

WHEREAS, in
order to give the Employee an incentive to continue in the employ of the
Company (or its Affiliates or Subsidiaries), to accept ancillary agreements
designed to protect the legitimate business interests of the Company that are
made a condition of this award and to participate in the affairs of the
Company, the HR and 

 

 

Compensation
Committee of the Board of Directors of the Company or its delegates (“Committee”)
has determined that the Employee shall be granted performance-based restricted
units representing hypothetical shares of the Company’s common stock (“PRUs”).  The award amount stated above reflects the
target number of PRUs that may be awarded to you (the “Target Amount”).  The number of PRUs awarded to you will be
determined at the end of a three-year performance period.  Each PRU will be equal in value to one share
of the Company’s $0.01 par value common stock (“Shares”), subject to the
restrictions stated below and in accordance with the terms and conditions of
the Plan named above, a copy of which can be found on the Stock Incentive
Program website at the following address: [URL].  A
copy may also be obtained by written or telephonic request to the Company
Secretary.

 

THEREFORE,
the parties agree as follows:

 

1.              Grant of Performance-based Restricted
Units.

Subject to the terms and conditions of this Stock
Notification and Award Agreement and of the Plan, the Company hereby grants to
the Employee  a PRU Award as set forth below.

 

2.              Performance Criteria.

The Employee can earn the PRUs based on (a) the Company’s
achieving annual goals related to cash flow, (b) the Company’s achieving a
total shareholder return (“TSR”) over a three-year period (with such three-year
period described as the Vesting Schedule above and hereafter referred to as the
“Performance Period”), and (c) Employee’s compliance with the requirements
and conditions provided for in the Plan and this Stock Notification and Award
Agreement.  The goals associated with
this PRU Award are established by the Committee, and will be communicated by
the Company annually via the following website: 
[URL].  The amount of the PRU
Award will range from 0% to 200% of the Target Amount as determined after the
end of each Performance Period based upon the Company’s performance against the
annual cash flow goals and three-year TSR as reviewed and approved by the
Committee.  No PRUs are awarded if
performance is below minimum levels.

 

3.                   Milestones, Credits, Application of
Modifier.

(a)         Milestones and Credits.  The annual cash flow performance criteria
associated with the PRU Award will be established by the Committee. A
percentage of the Target Amount is determined annually based upon performance
against goals that are reviewed and approved annually by the Committee and will
be made available on the following website: [URL].  No percentage of the Target Amount is
credited if performance is below minimum levels.

 

As
milestones are achieved, a one-third portion (rounded to the nearest whole
percent) of the Target Amount shall be credited in the Employee’s name.  The amounts credited for the relevant year in
connection with the annual cash flow goal as a percentage of that year’s
portion of the Target Amount will be as follows: 0% if performance is below
minimum level, 30% if performance is at minimum level and 150% if performance
is at or above maximum level. For performance between the minimum level and the
maximum level, a proportionate percentage between 30% and 150% will be applied
based on relative performance between minimum and maximum.

 

The amount credited to the Employee is the “Conditional PRU
Award.”

 

(b)         Modifier.  Following the completion of the Performance
Period, the Conditional PRU Award will be adjusted by the TSR modifier to be
determined by the Committee based on the performance criteria set forth below.  The modifier will be calculated as indicated
below with respect to the Performance Period and will be made available on the
following website:  [URL].  The modifier will be equal to zero if the
minimum level is not met, resulting in no payout under this Stock Notification
and Award Agreement, and the modifier cannot exceed 133%.  An Employee’s PRU Award (if any) shall equal
the Conditional PRU Award multiplied by the TSR modifier, as approved by the
Committee.

 

The TSR modifier will be as follows based on the Company’s
three-year performance as compared to the three-year performance of the S&P
500 over the same period: 0% if performance is below the minimum level, 66% if
performance is at the minimum level and 133% if performance is at or above the
maximum level.  For performance between
the minimum level and the maximum level, a proportionate TSR modifier between
66% and 133% will be applied based on relative performance between minimum and
maximum.

 

4.              Payout of Performance-based
Restricted Units.

If the Committee determines that the goals described in Section 3
have been met and certifies the extent to which those goals have been met, and
the terms and conditions set forth in this Stock Notification and Award
Agreement are fulfilled, then the Employee’s PRU Award, as determined under Section 3(b),
shall no longer be restricted and Shares will be transferred to the Employee
within 90 days following the end of the Performance 

 

2

 

Period or, if the Employee made a valid deferral election
Shares will be transferred to the Employee in accordance with Section 14
below.  The Shares transferred to the
Employee will be in an amount equal to the number of PRUs earned pursuant to Section 3(b) above,
net of applicable withholdings.

 

5.              Restrictions.

Except as otherwise provided for in this Stock Notification
and Award Agreement, the PRUs or rights granted hereunder may not be sold,
pledged or otherwise transferred until paid (if at all) in accordance with this
Stock Notification and Award Agreement.

 

6.              Custody of Performance-based
Restricted Units.

The PRUs subject hereto shall be held in a restricted book
entry account in the name of the Employee. 
Upon completion of the Performance Period, Shares issued pursuant to Section 4
above shall be released into an unrestricted book entry account; provided,
however, that a portion of such Shares shall be surrendered in payment of taxes
in accordance with Section 17 below, unless the Company, in its sole
discretion, establishes alternative procedures for the payment of such taxes.

 

7.              No Stockholder Rights.

PRUs represent hypothetical Shares.  Until Shares are issued to the Employee, the
Employee shall not be entitled to any of the rights or benefits generally
accorded to stockholders, including, without limitation, the receipt of
dividends.

 

8.              Termination of Employment.

Except as set forth below, the Employee must remain in the
active employ of the Company (or any of its Subsidiaries or Affiliates) on a
continuous basis through the last business day of the relevant Performance
Period in order to receive any amount of the PRU Award, subject to the terms
and conditions of this Stock Notification and Award Agreement.

 

9.              Retirement of the Employee.

If the Employee termination is due to
retirement in accordance with the applicable retirement policy, the Employee
shall receive a pro rata amount of the PRU Award, payable at the end of the
Performance Period.  For each year or
part of a year that the Employee works during the Performance Period, the
amount credited towards the Conditional PRU Award will be determined by
multiplying the amount credited at the end of the applicable year by a fraction
equal to the number of whole months worked by the Employee during such year,
divided by 12.  The resulting amount will
be credited towards the Conditional PRU Award and adjusted by the TSR
modifier.  The Company’s obligation to
deliver the pro rata amount due under the PRU Award is subject to the condition
that the Employee shall have executed a current Agreement Regarding
Confidential Information and Proprietary Developments (“ARCIPD”) that is
satisfactory to the Company, and during the portion of the Performance Period
following termination of the Employee’s active employment shall be in compliance
with any-post employment restrictions in the ARCIPD and shall not engage in any
conduct that creates a conflict of interest in the opinion of the Company.

 

10.       Total and Permanent Disability of the Employee.

In the event termination of
employment is due to the total and permanent disability of the Employee, the
Employee (or a legally designated guardian or representative if the Employee is
legally incompetent) shall receive a pro rata amount of the PRU Award, payable
at the end of the relevant Performance Period. 
For each year or part of a year that the Employee works during the
Performance Period, the amount credited towards the Conditional PRU Award will
be determined by multiplying the amount credited at the end of the applicable
year by a fraction equal to the number of whole months worked by the Employee
during such year, divided by 12.  The
resulting amount will be credited towards the Conditional PRU Award and
adjusted by the TSR modifier. The Company’s obligation to deliver the pro rata
amount due under the PRU Award is subject to the condition that the Employee
shall have executed a current ARCIPD that is satisfactory to the Company, and
during the portion of the Performance Period following termination of the
Employee’s active employment shall be in compliance with any-post employment
restrictions in the ARCIPD and shall not engage in any conduct that creates a
conflict of interest in the opinion of the Company.

 

11.       Death of the Employee.

In the event termination of employment is due to the Employee’s
death, the Employee’s estate or designated beneficiary shall receive a pro rata
amount of the PRU Award, payable at the end of the relevant Performance
Period.  For each year or part of a year
that the Employee works during the Performance Period, the amount credited
towards the Conditional PRU Award will be determined by multiplying the amount
credited at the end of the applicable year by a fraction equal to the number of
whole months worked by the Employee during such year, divided by 12.  The resulting amount will be credited towards
the Conditional PRU Award and adjusted by the TSR modifier.

 

3

 

12.       Workforce Reduction.

Unless otherwise provided by the Committee, in the event the
Employee is terminated under a workforce reduction program approved by the
Board of Directors or its delegate(s), the Employee shall receive a pro rata
amount of the PRU Award, payable at the end of the relevant Performance
Period.  For each year or part of a year
that the Employee works during the Performance Period, the amount credited
towards the Conditional PRU Award will be determined by multiplying the amount
credited at the end of the applicable year by a fraction equal to the number of
whole months worked by the Employee during such year, divided by 12.  The resulting amount will be credited towards
the Conditional PRU Award and adjusted by the TSR modifier.

 

13.       Divestiture.

Unless otherwise provided by the Committee, in the event the
Employee is terminated due to a divestiture, the Employee shall receive a pro
rata amount of the PRU Award, payable at the end of the relevant Performance
Period.  For each year or part of a year
that the Employee works during the Performance Period the amount credited
towards the Conditional PRU Award will be determined by multiplying the amount
credited at the end of the applicable year by a fraction equal to the number of
whole months worked by the Employee during such year, divided by 12.  The resulting amount will be credited towards
the Conditional PRU Award and adjusted by the TSR modifier.

 

14.       Deferral Election.

Certain
Employees who are regular employees on a U.S. payroll of the Company or its
Affiliates or Subsidiaries and who are eligible to participate in the Company’s
Executive Deferred Compensation Plan may be permitted to elect to defer
distribution of the Shares that are otherwise due at the end of the Performance
Period by completing a prescribed deferral election form and returning it to
the Company according to the instructions on the deferral election form.  The deferral election form will be
distributed separately to the employees who are permitted to make a deferral
election. If made, the deferral election is irrevocable by the Employee.  However, the deferred delivery of Shares may
be accelerated under certain circumstances as set forth in the deferral
election form.  The Employee shall
generally receive his or her Shares in accordance with the distribution
election made on the deferral election form; however, notwithstanding anything
in this Stock Notification and Award Agreement or deferral election form to the
contrary, if the Employee is a “specified employee” as determined pursuant to Section 409A,
at the time that the Employee receives a payment in connection with the
Employee’s “separation from service” as determined pursuant to Section 409A
(other than for death), the payment shall instead be made on the earlier of the
first business day after the date that is (i) six months following the
Employee’s separation from service as determined pursuant to Section 409A
or (ii) death, to the extent such delayed payment is otherwise required to
avoid a prohibited distribution under Section 409A.  Please note that deferring the distribution
of Shares will have tax consequences for the Employee, and the Employee is
strongly advised to consult with his or her personal tax advisor.

 

15.       Deferral of Compensation.

Payments made pursuant to this Plan and this Stock
Notification and Award Agreement are intended to comply with or qualify for an
exemption from Section 409A of the Internal Revenue Code of 1986, as
amended (“Section 409A”).  The
Company reserves the right, to the extent the Company deems necessary or
advisable in its sole discretion, to unilaterally amend or modify the Plan
and/or this Stock Notification and Award Agreement to ensure that all PRU
Awards are made in a manner that complies with Section 409A (including,
without limitation, the avoidance of penalties thereunder), provided however,
that the Company makes no representations that the PRU Awards will be exempt
from any penalties that may apply under Section 409A and makes no
undertaking to preclude Section 409A from applying to this PRU Award.

 

16.       Accelerations or Delayed Delivery.

Notwithstanding anything in this Stock Notification and
Award Agreement to the contrary, the Committee, in its sole discretion may
accelerate or delay the delivery of any Shares subject to Section 409A
under the circumstances, and to the extent, permitted by Section 409A.  Further, in the event the Company elects to
accelerate delivery of any Shares subject to Section 409A or pay cash in
exchange for the cancellation of any PRUs subject to Section 409A pursuant
to a Change in Control pursuant to the Plan, such acceleration or exchange shall
only be effective to the extent the event constitutes a “change in control”
event for purposes of Section 409A. 
In all other circumstances delivery will be made in accordance with
Section 4 above.

 

17.       Taxes.

(a)         The Employee shall be liable for any
and all taxes, including income tax, social insurance, payroll tax, payment on
account or other tax-related items related to the Employee’s participation in
the Plan and legally applicable or otherwise recoverable from the Employee
(such as fringe benefit tax) by the Company and/or the Employee’s employer (the
“Employer”) (“Tax-Related Items”). In the event that the Company or the
Employer is liable for taxes that are legally permitted to be recovered from
the Employee or is required to 

 

4

 

withhold taxes as a result of the grant of PRUs or the
issuance or subsequent sale of Shares acquired pursuant to such PRUs, the
Employee shall surrender a sufficient number of whole Shares, make a cash
payment or make adequate arrangements satisfactory to the Company and/or the
Employer to withhold such taxes from the Employee’s wages or other cash
compensation paid to the Employee by the Company and/or the Employer at the
election of the Company, in its sole discretion, or, if permissible under local
law, the Company may sell or arrange for the sale of Shares that Employee
acquires as necessary to cover all applicable required withholding taxes that
are legally recoverable from the Employee (such as fringe benefit tax) and required
social security contributions at the time the restrictions on the PRUs lapse.
However, with respect to any PRUs subject to Section 409A whose Shares
vest prior to delivery, the Company shall limit the sale of Shares at vesting
to the minimum number of Shares permitted to avoid a prohibited acceleration
under Section 409A.  The Employee
will receive a cash refund for any fraction of a surrendered Share or Shares in
excess of any and all Tax-Related Items. 
To the extent that any surrender of Shares or payment of cash or
alternative procedure for such payment is insufficient, the Employee authorizes
the Company, the Employer, its Affiliates and Subsidiaries, which are qualified
to deduct tax at source, to deduct from the Employee’s compensation all Tax-Related
Items.  The Employee agrees to pay any
amounts that cannot be satisfied from wages or other cash compensation, to the
extent permitted by law.

 

To avoid negative accounting treatment, the Company and/or
the Employer may withhold or account for Tax-Related Items by considering
applicable minimum statutory withholding amounts or other applicable
withholding rates.  If the obligation for
Tax-Related Items is satisfied by withholding in Shares, for tax purposes, then
the Employee will be deemed to have been issued the full number of Shares
subject to the vested PRUs, notwithstanding that a number of the Shares are
held back solely for the purpose of paying the Tax-Related Items due as a
result of any aspect of the Employee’s participation in the Plan.

 

(b)         Regardless of any action the Company
or the Employer takes with respect to any or all Tax-Related Items, the
Employee acknowledges and agrees that the ultimate liability for all
Tax-Related Items is and remains the Employee’s responsibility and may exceed
the amount actually withheld by the Company or the Employer.  The Employee further acknowledges that the
Company and/or the Employer: (i) make no representations or undertakings
regarding the treatment of any Tax-Related Items in connection with any aspect
of this grant of PRUs, including, but not limited to, the grant, vesting or
settlement of PRUs, the subsequent issuance of Shares upon settlement of such
PRUs, the subsequent sale of any Shares acquired pursuant to such issuance and
the receipt of any dividends and/or any dividend equivalents; and (ii) do
not commit to and are under no obligation to structure the terms or any aspect
of this grant of PRUs to reduce or eliminate the Employee’s liability for
Tax-Related Items or achieve any particular tax result.  Further, if the Employee has become subject
to tax in more than one jurisdiction between the date of grant and the date of
any relevant taxable or tax withholding event, as applicable, the Employee
acknowledges that the Company and/or the Employer (or former employer, as
applicable) may be required to withhold or account for Tax-Related Items in
more than one jurisdiction.  The Employee
shall pay the Company or the Employer any amount for Tax-Related Items that the
Company or the Employer may be required to withhold or account for as a result
of the Employee’s participation in the Plan or the Employee’s receipt of PRUs
that cannot be satisfied by the means previously described.  The Company may refuse to deliver the benefit
described in Section 4 if the Employee fails to comply with the Employee’s
obligations in connection with the Tax-Related Items.

 

(c)          In accepting the PRU Award, the
Employee consents and agrees that in the event the PRU Award becomes subject to
an employer tax that is legally permitted to be recovered from the Employee, as
may be determined by the Company and/or the Employer at their sole discretion,
and whether or not the Employee’s employment with the Company and/or the
Employer is continuing at the time such tax becomes recoverable, the Employee
will assume any liability for any such taxes that may be payable by the Company
and/or the Employer in connection with the PRU Award.  Further, by accepting the PRU Award, the
Employee agrees that the Company and/or the Employer may collect any such taxes
from the Employee by any of the means set forth in this Section 17.  The Employee further agrees to execute any
other consents or elections required to accomplish the above, promptly upon
request of the Company.

 

18.       Data Privacy Consent.

The
Employee understands that the Company, its Affiliates, its Subsidiaries and the
Employer hold certain personal information about the Employee, including, but
not limited to, name, home address and telephone number, date of birth, social
insurance number or other identification number, salary, nationality, job
title, any shares of stock or directorships held in the Company, details of all
PRUs, options or any other entitlement to shares of stock awarded, canceled,
purchased, exercised, vested, unvested or outstanding in the Employee’s favor
for the exclusive purpose of implementing, managing and administering the Plan
(“Data”). The Employee understands that the Data may be transferred to any
third parties assisting in the implementation, administration 

 

5

 

and
management of the Plan, that these recipients may be located in the Employee’s
country or elsewhere and that the recipient country may have different data
privacy laws and protections than the Employee’s country. HP is committed to
protecting the privacy of the Employee’s personal data in such cases. By
contract with both the HP affiliate and with HP vendors, the people and
companies that have access to the Employee’s personal data are bound to handle such
data in a manner consistent with the HP Privacy Policy and law. HP also
performs due diligence and audits on its vendors in accordance with good
commercial practices to ensure their capabilities and compliance with those
commitments.

 

The Employee may request a list with the names and addresses
of any potential recipients of the data by contacting the local human resources
representative. The Employee understands that data will be held only as long as
is necessary to implement, administer and manage participation in the Plan.

 

19.       Plan Information.

The Employee agrees to receive copies of the Plan, the Plan
prospectus and other Plan information, including information prepared to comply
with laws outside the United States, from the Stock Incentive Program website
referenced above and stockholder information, including copies of any annual
report, proxy and Form 10-K, from the investor relations section of the HP
website at www.hp.com.  The
Employee acknowledges that copies of the Plan, Plan prospectus, Plan
information and stockholder information are available upon written or
telephonic request to the Company Secretary.

 

In addition, the Employee agrees to receive information
regarding cash flow goals and TSR, including the actual performance of cash
flow and TSR from the following website: [URL]

 

20.       Acknowledgment and Waiver.

By accepting this grant of PRUs, the Employee acknowledges
and agrees that: (i) the Plan is established voluntarily by the Company,
it is discretionary in nature and may be modified, amended, suspended or
terminated by the Company at any time; (ii) the grant of PRUs is voluntary
and occasional and does not create any contractual or other right to receive
future grants of Shares or PRUs, or benefits in lieu of Shares or PRUs, even if
Shares or PRUs have been granted repeatedly in the past; (iii) all
decisions with respect to future grants, if any, will be at the sole discretion
of the Company; (iv) the Employee’s participation in the Plan shall not
create a right to further employment with the Employer and shall not interfere
with the ability of the Employer to terminate the Employee’s employment
relationship at any time, and it is expressly agreed and understood that
employment is terminable at the will of either party, insofar as permitted by
law; (v) the Employee is participating voluntarily in the Plan; (vi) PRUs
and their resulting benefits are extraordinary items that do not constitute
compensation of any kind for services of any kind rendered to the Company or
the Employer, and which are outside the scope of the Employee’s employment
contract, if any; (vii) PRUs and their resulting benefits are not intended
to replace any pension rights or compensation; (viii) PRUs and their
resulting benefits are not part of normal or expected compensation or salary
for any purposes, including, but not limited to, calculating any severance,
resignation, termination, redundancy, dismissal, end of service payments,
bonuses, long-service awards, pension or retirement or welfare benefits or
similar payments insofar as permitted by law and in no event should be
considered as compensation for, or relating in any way to, past services for
the Company, the Employer or any Subsidiary or Affiliate; (ix) this grant
of PRUs will not be interpreted to form an employment contract or relationship
with the Company, and furthermore, this grant of PRUs will not be interpreted
to form an employment contract with the Employer or any Subsidiary or
Affiliate; (x) the future value of the underlying Shares is unknown and
cannot be predicted with certainty; (xi) no claim or entitlement to
compensation or damages shall arise from forfeiture of the PRUs resulting from
termination of the Employee’s employment by the Company or the Employer (for
any reason whatsoever and whether or not in breach of local labor laws), and in
consideration of the grant of the PRUs to which the Employee is otherwise not
entitled, the Employee irrevocably agrees never to institute any claim against
the Company or the Employer, waives his or her ability, if any, to bring any
such claim, and releases the Company and the Employer from any such claim; if,
notwithstanding the foregoing, any such claim is allowed by a court of
competent jurisdiction, then, by participating in the Plan, the Employee shall
be deemed irrevocably to have agreed not to pursue such claim and to have
agreed to execute any and all documents necessary to request dismissal or
withdrawal of such claims; (xii) notwithstanding any terms or conditions
of the Plan to the contrary, in the event of termination of the Employee’s
employment (whether or not in breach of local labor laws), the Employee’s right
to receive benefits under this Stock Notification and Award Agreement after
termination of employment, if any, will be measured by the date of termination
of the Employee’s active employment and will not be extended by any notice
period mandated under local law (e.g.,
active employment would not include a period of “garden leave” or similar
period pursuant to local law); the Committee shall have the exclusive
discretion to determine when the Employee is no longer actively employed for
purposes of the PRUs; and (xiii) if the Company’s performance is below
minimum levels as set forth in this Stock Notification and Award Agreement, no
PRUs will be awarded and no Shares will be issued to the Employee.

 

6

 

21.       No Advice Regarding Grant.

The Company is not providing any tax, legal or financial
advice, nor is the Company making any recommendations regarding the Employee’s
participation in the Plan, or the Employee’s acquisition or sale of the
underlying Shares.  The Employee is
hereby advised to consult with his or her own personal tax, legal and financial
advisors regarding his or her participation in the Plan before taking any
action related to the Plan.

 

22.       Additional
Eligibility Requirements Permitted.

In addition to any other eligibility criteria provided for
in the Plan, the Company may require that some or all Employees execute a
separate document agreeing to the terms of a current ARCIPD in a form
acceptable to the Company and/or that the Employee be in compliance with the
ARCIPD throughout the entire Performance Period and through the date the PRU is
to be awarded or paid. If such separate document is required by the Company and
the Employee does not accept it within 75 days of the Grant Date set forth
above, this PRU Award shall be cancelled and the Employee shall have no further
rights under this Stock Notification and Award Agreement.

 

23.       Miscellaneous.

(a)         The Company shall not be required to
treat as owner of PRUs, and any associated benefits hereunder, any transferee
to whom such PRUs or benefits shall have been so transferred in violation of
any of the provisions of this Stock Notification and Award Agreement.

 

(b)         The parties agree to execute such
further instruments and to take such action as may reasonably be necessary to
carry out the intent of this Stock Notification and Award Agreement.

 

(c)          Any notice required or permitted
hereunder shall be given in writing and shall be deemed effectively given upon
delivery to the Employee at his address then on file with the Company.

 

(d)         The Plan is incorporated herein by
reference. The Plan and this Stock Notification and Award Agreement constitute the
entire agreement of the parties with respect to the subject matter hereof and
supersede in their entirety all prior undertakings and agreements of the
Company and the Employee with respect to the subject matter hereof, and may not
be modified adversely to the Employee’s interest except by means of a writing
signed by the Company and the Employee. 
Notwithstanding the foregoing, nothing in the Plan or this Stock
Notification and Award Agreement shall affect the validity or interpretation of
any duly authorized written agreement between the Company and the Employee
under which an Award properly granted under and pursuant to the Plan serves as
any part of the consideration furnished to the Employee, including without
limitation, any agreement that imposes restrictions during or after employment
regarding confidential information and proprietary developments.  This Stock Notification and Award Agreement
is governed by the laws of the state of Delaware.

 

(e)         The Company’s obligations under this
Stock Notification and Award Agreement and the Employee’s agreement to the
terms of an ARCIPD, if any, are mutually dependent.  In the event that the Employee’s ARCIPD is
breached or found not to be binding upon the Employee for any reason by a court
of law, then the Company will have no further obligation or duty to perform
under the Plan or this Stock Notification and Award Agreement.

 

(f)             Language.

If the Employee has received this or any other document
related to the Plan translated into a language other than English and if the
meaning of the translated version is different than the English version, the
English version will control.

 

(g)         Electronic Delivery.

The Company may, in its sole discretion, decide to deliver
any documents related to current or future participation in the Plan by
electronic means.  The Employee hereby
consents to receive such documents by electronic delivery and agrees to
participate in the Plan through an on-line or electronic system established and
maintained by the Company or another third party designated by the Company.

 

(h)         Severability.

The provisions of this Stock Notification and Award
Agreement are severable and if any one or more provisions are determined to be
illegal or otherwise unenforceable, in whole or in part, the remaining provisions
shall nevertheless be binding and enforceable.

 

(i)             Any capitalized terms not defined
herein shall have the same meaning they have in the Plan.

 

7

 

(j)             Appendix.

Notwithstanding any provisions in this Stock Notification and Award Agreement,
the grant of the PRUs shall be subject to any special terms and conditions set
forth in the Appendix to this Stock Notification and Award Agreement for the
Employee’s country.  Moreover, if the
Employee relocates to one of the countries included in the Appendix, the
special terms and conditions for such country will apply to the Employee, to
the extent the Company determines that the application of such terms and
conditions is necessary or advisable in order to comply with local law or
facilitate the administration of the Plan. The Appendix constitutes part of
this Stock Notification and Award Agreement.

 

(k)          Imposition of Other Requirements.

The Company reserves the right to impose other requirements
on the Employee’s participation in the Plan, on the PRUs and on any Shares
acquired under the Plan, to the extent the Company determines it is necessary
or advisable in order to comply with local law or facilitate the administration
of the Plan, and to require the Employee to sign any additional agreements or
undertakings that may be necessary to accomplish the foregoing.

 

 

HEWLETT-PACKARD COMPANY

 

 

Léo Apotheker

CEO and
President

 

 

Michael J.
Holston

Executive
Vice President, General Counsel and Secretary

 

 

RETAIN THIS STOCK NOTIFICATION AND AWARD AGREEMENT FOR YOUR RECORDS

 

Please
refer to the following website at [URL], as your primary source for information
on your PRU award performance, including:

·                  Annual Cash
Flow Goals

·                  TSR goals

·                  Actual Cash
Flow and TSR performance

 

Important Note:  Your award is
subject to the terms and conditions of this Stock Notification and Award
Agreement and to HP obtaining all necessary government approvals.  If you have questions regarding your award,
please discuss them with your manager.

 

8

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