Document:

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[HEWLETT-PACKARD LOGO]

                                                                   Exhibit 10(f)

                             HEWLETT-PACKARD COMPANY
                            1995 INCENTIVE STOCK PLAN

                   PART 1. PLAN ADMINISTRATION AND ELIGIBILITY

I.        PURPOSE

          The purpose of this 1995 Incentive Stock Plan (the "Plan") of
Hewlett-Packard Company ("HP" or the "Company") is to encourage ownership in the
Company by key personnel whose long-term employment is considered essential to
the Company's continued progress and thus to provide them with a further
incentive to continue in the employ of the Company or its subsidiaries or
affiliates. (The Company and all such subsidiaries and affiliates are
collectively referred to hereinafter as the "Participating Companies.")

II.       ADMINISTRATION

          A Stock Option Committee (the "Committee"), consisting of two or more
directors of the Company, each of whom is a "disinterested person" as defined in
Rule 16b-3 promulgated under the Securities Exchange Act of 1934, as amended
(the "Exchange Act"), shall supervise and administer the Plan. The Committee has
all powers and discretion necessary and appropriate to administer the Plan and
to control its operation, including, without limitation, the power to (i)
determine which employees shall be granted options to purchase shares of the
Company's $1 par value Common Stock ("Common Stock"), stock appreciation rights,
stock or cash awards or performance-based restricted shares, (ii) prescribe the
terms and conditions of the awards, (iii) interpret the Plan and the awards,
(iv) adopt such procedures and sub-plans as are necessary or appropriate to
permit participation in the Plan by employees who are foreign nationals or
employed outside of the United States, (v) adopt rules for the administration,
interpretation and application of the Plan, and (vi) interpret, amend or revoke
any such rules. All questions of interpretation of the Plan or of any options or
awards issued under it shall be determined by the Committee and such
determination shall be final and binding upon all persons having an interest in
the Plan. In addition, the Committee may delegate to the Executive Committee of
the Board of Directors (the "Executive Committee") the power to approve stock
options and stock and cash awards to employees who arE not subject to Section 16
of the Exchange Act and who are not at the time of any such approval covered
employees under Section 162(m) of the Internal Revenue Code of 1986, as amended
(the "Code").

III.      PARTICIPATION IN THE PLAN

          Key employees of the Company, including officers, and directors of the
Company who are also employed by a Participating Company, shall be eligible to
participate in the Plan.

IV.       STOCK SUBJECT TO THE PLAN

          The maximum number of shares which may be awarded under the Plan shall
be 64,000,000 shares of Common Stock. If a class of Preferred Stock is created
and authorized by the Company's Amended Articles of Incorporation, Preferred
Stock may be used in lieu of Common Stock for Plan grants. The limitation on the
number of shares which may be awarded under the Plan shall be subject to
adjustment as provided in Section XXII of the Plan.

          The grant of a stock award not pursuant to an option under the Plan
("Stock Award") shall be subject to such restrictions as the Committee shall
determine to be appropriate, including but not limited to restrictions on
resale, repurchase provisions, special vesting requirements or forfeiture
provisions. The grant and exercise of a stock option shall be subject to such
restrictions as the Committee may determine to be appropriate in accordance with
Section VII of the Plan.

          The Committee may authorize conversion under the Plan of any or all
outstanding stock options held by optionees of a company that HP acquires. Any
conversion will be effective on the closing date of such merger or acquisition.
Such converted options are referred hereto as "Conversion Options". The
Conversion Options may be nonstatutory options or incentive stock options
entitled to special tax treatment under Section 422 of the Code ("ISOs"). Unless
otherwise specified by the Committee at the time of grant, all Conversion
Options shall have the same terms and conditions as options granted under the
Plan.

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          If any outstanding option under the Plan for any reason expires or is
terminated without having been exercised in full, or if any Stock Awards are
forfeited, the forfeited shares or shares allocable to the unexercised portion
of such option shall again become available for grant pursuant to the Plan.

PART 2. OPTIONS AND STOCK APPRECIATION RIGHTS

V.        INCENTIVE STOCK OPTIONS

          Any option granted under the Plan may be designated by the Committee
as a nonstatutory option or as an ISO.

          No option intended to qualify as an ISO may be granted under the Plan
if such grant, together with any applicable prior grants, would exceed any
maximum established under the Code for ISOs that may be granted to a single
employee. Should it be determined that any ISO granted under the Plan exceeds
such maximum, the ISO shall be null and void to the extent, but only to the
extent, of such excess. Section 422(d)(1) of the Code presently provides that
with respect to options granted after December 31, 1986 the aggregate fair
market value (determined as of the time the ISO is granted) of the stock with
respect to which ISOs are exercisable for the first time by an employee in any
calendar year under all incentive stock option plans of the Company shall not
exceed $100,000.

          Nothing in this section shall be deemed to prevent the grant of
options in excess of the maximum established by the Code where such excess
amount is treated as a nonstatutory option not entitled to special tax treatment
under Section 422 of the Code.

VI.       TERMS, CONDITIONS AND FORM OF OPTIONS

          Each option granted under this Plan shall be authorized by action of
the Committee and shall be evidenced by a written agreement in such form as the
Committee shall from time to time approve, which agreements shall comply with
and be subject to the following terms and conditions:

          A.   OPTIONS NON-TRANSFERABLE.

               (1) General.

               Except as provided in subsection A(2) below, each option granted
under the Plan by its terms shall not be transferable by the optionee otherwise
than by will, or by the laws of descent and distribution, and shall be exercised
during the lifetime of the optionee only by him. No option or interest therein
may be transferred, assigned, pledged or hypothecated by the optionee during his
lifetime, whether by operation of law or otherwise, or be made subject to
execution, attachment or similar process.

               (2) Transferability to Certain Vehicles.

               The Committee, in its sole discretion, may establish rules and
conditions under which an optionee may transfer an option to those types of
trusts or other vehicles which the Committee may determine to be eligible for
transfer.

          B. PERIOD OF OPTION. The Committee may specify, at the time of grant,
a vesting schedule of any option. If no vesting schedule is specified, no option
may be exercised before the first anniversary of the date upon which it was
granted, nor may it be exercised as to more than one-fourth of the number of
shares covered thereby before the second anniversary of such date, nor as to
more than one-half of the number of shares covered thereby before the third
anniversary of such date, nor as to more than three-fourths of the number of
shares covered thereby before the fourth anniversary of such date. Any option
granted pursuant to the Plan shall become exercisable in full upon the
retirement of the optionee because of age or total and permanent disability or
upon the death of the optionee. No option shall be exercisable after the
expiration of 10 years from the date upon which such option is granted. Each
option shall be subject to termination before its date of expiration as
hereinafter provided.

          C. EXERCISE OF OPTIONS. Options may be exercised only by written
notice to the Company at its head office accompanied by payment in U.S. dollars
of the full consideration for the shares as to which they are exercised, and,
with respect to nonstatutory options, by payment of all applicable U.S.
withholding taxes upon such exercise. In addition, if and to the extent
authorized by the Committee, optionees may make all or any portion of any
payment due to the Company upon exercise of an option by delivery of any
property (including securities of the Company) other than cash, as long as such
property constitutes valid consideration for the stock under applicable law.

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          The Committee may, but need not, permit the payment of applicable
withholding taxes due upon exercise of an option, up to the highest marginal
rates then in effect, by the withholding of shares otherwise issuable upon
exercise of the option. Option shares withheld in payment of such taxes shall be
valued at the fair market value of the stock on the date of exercise. Fair
market value shall be deemed to be the mean of the highest and lowest quoted
selling prices for such shares on the exercise date as reported on the New York
Stock Exchange Composite Tape. The Committee may impose special restrictions on
the use of option shares as payment for withholding taxes by individuals subject
to Section 16 of the Exchange Act.

          No option may be exercised while the optionee is on any leave of
absence from the Company, other than an approved personal or medical leave
having an employment guaranty. Options will continue to vest during any
authorized leave of absence, and may be exercised to the extent permitted by
subsection VI(B) above upon the optionee's return to an active employment
status.

          D.   TERMINATION OF OPTIONS.

               (1)   Termination of employment.

               All rights of an employee in an option, to the extent that it has
not been exercised, shall terminate upon the termination of his employment for
any reason.

               (2) Retirement and Death.

               In the event of an employee's retirement due to age or total and
permanent disability, all rights of an employee in an option, to the extent that
it has not been exercised, shall terminate three years from the date thereof
with respect to nonstatutory options and three months from the retirement date
with respect to ISOs or upon expiration of the option, whichever shall first
occur. In the event of the death of the employee, the option shall terminate
upon failure of his designated representative to exercise the option in
accordance with the time period provided in subsection VI(E) below.

               (3) Leave of Absence.

               The Committee may, but shall not be required to, authorize the
continuation of options held by employees who, at the Company's request or with
the Company's consent, are terminating or taking a leave of absence from the
Company to accept employment with not-for-profit or for-profit corporations,
governmental agencies, industry associations or other organizations in
connection with the Company's investments or strategic alliances. Such approval
must be obtained from the Committee prior to termination of employment in order
to prevent the immediate termination of options. The Committee may, in its sole
discretion, delegate its authority under this subsection to the Executive
Committee.

               (4) Divestiture.

               If an employee terminates because of a divestiture by the
Company, any option granted pursuant to the Plan shall become exercisable in
full and the employee may exercise any such option which has not already been
exercised until the earlier of: (i) three months from the closing date of the
divestiture, or such longer date, if any, which the Committee may authorize, or
(ii) the expiration of the option. The Committee may, in its sole discretion,
delegate its authority under this subsection to the Executive Committee.

               (5)   Voluntary Severance Program.

               If an employee terminates as a result of participation in a
Company voluntary severance program approved by the Executive Committee, any
option granted pursuant to the Plan shall become exercisable in full, and the
employee may exercise any such option which has not already been exercised until
the earlier of (i) three months from the employee's termination date, or (ii)
the expiration of the option.

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          E. EXERCISE BY REPRESENTATIVE FOLLOWING DEATH OF EMPLOYEE. The
employee, by written notice to the Company, may designate one or more persons
(and from time to time change such designation) including his legal
representative, who, by reason of his death, shall acquire the right to exercise
all or a portion of the option. If the person or persons so designated wish to
exercise any portion of the option, they must do so within one year after the
death of the employee or retired employee, as the case may be. All rights of the
representative(s) in the option shall terminate upon failure to exercise the
option within the time period set forth in this subsection VI(E). Any exercise
by a representative shall be subject to the provisions of this Plan.

VII.      MODIFICATION, EXTENSION AND RENEWAL OF OPTIONS

          The Committee shall have the power to modify, extend or renew
outstanding options and authorize the grant of new options in substitution
therefor, provided that any such action may not have the effect of altering or
impairing any rights or obligations of any option previously granted without the
consent of the optionee.

          The Committee shall have the power to lower the exercise price of an
outstanding option not intended to qualify as an ISO under the Code; provided,
however, that the exercise price per share may not be reduced below 75% of the
fair market value of a share of Common Stock on the date the action is taken to
reduce the exercise price. Such fair market value shall be deemed to be the mean
of the highest and lowest quoted selling prices for such shares on that date as
reported on The New York Stock Exchange Composite Tape.

VIII.     OPTION PRICE

          The option price per share for the shares covered by each nonstatutory
option shall be not less than 75% of the fair market value of a share of Common
Stock on the date the option is granted. The option price per share for ISOs
shall be not less than the fair market value on the option grant date. Such fair
market value shall be deemed to be the mean of the highest and lowest quoted
selling prices for such share on that date as reported on The New York Stock
Exchange Composite Tape. The option price per share for Conversion Options shall
be determined by the Committee at the time of the related merger or acquisition.

IX.       LOANS FOR EXERCISE OF OPTIONS

          Any option agreement under this Plan entered into with an employee
may, but need not, provide that the Company shall lend to the employee who holds
the option the funds for any exercise of his option. Any such loans made to
individuals subject to Section 16 of the Exchange Act shall be at a rate of
interest adequate to avoid imputation of income under Sections 483 and 7872 of
the Code and shall be for a term not to exceed 15 months from the date of
exercise of the related option. Any loan by the Company to fund the exercise of
an option shall be subject to such other terms and conditions as shall be set
forth in the option agreement, which terms and conditions shall be determined by
the Committee at the time of the grant of the option. Loans may or may not be
secured by stock issued pursuant to such option exercises, at the Committee's
discretion.

X.        STOCK APPRECIATION RIGHTS

          A. GENERAL. This section shall apply to employees who hold options
heretofore or hereafter granted under the Plan ("Options"). The Committee may,
but shall not be required to, grant to such employees stock appreciation rights
as herein provided with respect to not more than the number of shares from time
to time subject to the Options held by such employees. The stock appreciation
rights shall be integral parts of the respective Options and shall have no
existence apart therefrom.

          A stock appreciation right shall be the right of the holder thereof to
elect to surrender part or all of any Option which is wholly exercisable, or of
any exercisable portion of an Option which is partially exercisable, and receive
in exchange therefor cash or shares of Common Stock (valued at current fair
market value) or a combination thereof. Such cash or shares or combination shall
have an aggregate value ("Appreciation") equal to the excess of the current fair
market value of one share over the Option price of one share specified in such
Option multiplied by the number of shares subject to such Option or the portion
thereof which is surrendered. The current fair market value of a share shall be
the mean of the highest and lowest quoted selling prices for shares as reported
on The New York Stock Exchange Composite Tape on the day on which a stock
appreciation right is exercised, or if no sale was made on such date, then on
the next preceding day on which such a sale was made. No fractional share shall
be issued on the exercise of a stock appreciation right, and settlement therefor
shall be made in cash.

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          Each stock appreciation right granted under this Plan shall be subject
to the following terms and conditions: (1) each stock appreciation right shall
be evidenced by a written agreement between the Company and the holder in such
form as the Committee shall authorize; (2) each stock appreciation right granted
under the Plan by its terms shall not be transferable by the holder otherwise
than by will or by the laws of descent and distribution, and shall be exercised
during the lifetime of the holder only by him, and no stock appreciation right
or interest therein may be transferred, assigned, pledged or hypothecated by the
holder during his lifetime, whether by operation of law or otherwise, or be made
subject to execution, attachment or similar process; (3) all rights of an
employee in a stock appreciation right, to the extent that it has not been
exercised, shall terminate upon the death of the employee or the termination of
his employment for any reason other than retirement because of age or total and
permanent disability, and in case of such retirement three years from the date
thereof with respect to nonstatutory Options and three months from the date
thereof with respect to Options intended to qualify as ISOs or upon expiration
of the option, whichever shall first occur; provided, however, that the
employee, by written notice to the Company, may designate one or more persons
(and from time to time change such designation), including his legal
representative, who, by reason of his death, shall acquire the right to exercise
all or a portion of the rights accrued under the stock appreciation right as of
the date of his death. If the person or persons so designated wish to exercise
any portion of the stock appreciation right, they must do so within one year
after the death of the employee or retired employee, as the case may be, and
such exercise shall be subject to the provisions of this Plan; and (4) the life
of stock appreciation rights shall be coterminous with the life of the Options.

          The holder of a stock appreciation right may exercise the same by (1)
filing with the Secretary of the Company a written election, which election
shall be delivered by the Secretary to the Committee, specifying (a) the Option
or portion thereof to be surrendered, and (b) the percentage of the Appreciation
which he desires to receive in cash, if any; and (2) surrendering such Option
for cancellation or partial cancellation, as the case may be; provided, however,
that any election which specifies that the holder of a stock appreciation right
desires to receive any portion of the Appreciation in cash shall be of no force
or effect unless and until the Committee shall have consented to such election.

          Upon exercise of a stock appreciation right, the number of shares
reserved for issuance under the Plan shall be reduced by the number of shares
covered by the Option, or the portion thereof, which is surrendered in
connection with such exercise.

          Nothing in the Plan shall be construed to give any eligible employee
any right to be granted a stock appreciation right. Neither the Plan nor the
granting of a stock appreciation right nor any other action taken pursuant to
the Plan shall constitute or be evidence of any agreement or understanding,
express or implied, that the Company will employ the holder of a stock
appreciation right for any period of time or in any position or at any
particular rate of compensation. The holder of a stock appreciation right shall
have no rights as a shareholder with respect to the shares covered by his stock
appreciation right until the date of issuance to him of a stock certificate
therefor, and, except as otherwise specifically provided in the stock option
agreement for the Options, no adjustment will be made for dividends or other
rights for which the record date is prior to the date such certificate is
issued.

          The Committee shall have the sole discretion to consent to approve or
disapprove, in whole or in part, any election to receive any portion of the
Appreciation in cash. If such election is consented to, the stock appreciation
right shall be deemed to have been exercised during the Cash Window Period (as
defined in subsection X.B below) in which the holder completed all acts required
by him under the preceding paragraphs to exercise the stock appreciation right.
However, the Cash Window Period restriction shall only apply to employees who
are subject to Section 16 of the Exchange Act. Any stock appreciation right
exercised during said Cash Window Period shall be valued and deemed exercised as
of the date when the mean of the highest and lowest quoted selling prices for
the Company's shares as reported on The New York Stock Exchange Composite Tape
for that date is the highest for the Cash Window Period. Between meetings of the
Committee, the Committee may delegate its powers under this paragraph of Section
X to a committee consisting of not fewer than three members of the Committee.

          B. ADDITIONAL RESTRICTIONS APPLICABLE TO SECTION 16 EMPLOYEES. No
stock appreciation right or related Option may be exercised during the first six
months of its term, except in the event of death or total and permanent
disability of the holder occurring prior to the expiration of this six-month
period. No election to receive any portion of the Appreciation in cash shall be
filed with the Secretary and no stock appreciation right shall be exercised to
receive any cash unless such election and exercise shall occur during the period
(hereinafter referred to as the "Cash Window Period") beginning on the third
business day following the date of release for publication by the Company of a
regular quarterly or annual statement of sales and earnings and ending on the
twelfth business day following such date. The Committee may consent to the
election of a holder to receive any portion of the Appreciation in cash at any
time after such election has been made.

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          Stock appreciation rights granted to individuals subject to Section 16
of the Exchange Act must comply with the applicable provisions of Rule 16b-3.
These rights shall contain such additional conditions or restrictions as may be
required under this rule (or any successor rule) to qualify for the maximum
exemption from Section 16 of the Exchange Act with respect to Plan transactions.

XI.       INDIVIDUAL GRANT LIMITATION

          The Plan prohibits a single participant from receiving grants of
options or stock appreciation rights during any single fiscal year of the
Company for more than an aggregate of 600,000 shares of Common Stock (subject to
adjustment as provided in Section XXII of the Plan). The amount of any payment
of stock appreciation rights in cash shall be based upon the fair market value
of Common Stock on the date of exercise. Fair market value shall be the mean of
the high and low prices of such stock on The New York Stock Exchange Composite
Tape on the date in question, or if no sales of such stock were made on that
date, the mean of the high and low prices of such stock on the next preceding
day on which sales were made.

                          PART 3. STOCK AND CASH AWARDS

XII.      STOCK AND CASH AWARD DETERMINATION

          The Committee may grant an eligible employee Stock Awards or awards of
cash ("Cash Awards") at such times and in such amounts as the Committee may
designate which in its opinion fully reflect the performance level and potential
of such employee. The Committee shall designate whether such awards are payable
in Common Stock, cash, or a combination thereof. Such awards shall be made in
accordance with such guidelines as the Committee may from time to time adopt.
Stock Awards and Cash Awards shall be independent of any grant of an option
under this Plan and shall be made subject to such restrictions as the Committee
may determine to be appropriate.

XIII.     PAYMENT OF STOCK OR CASH AWARDS

          A. No employee shall have the right to receive payment of any Stock
Award or Cash Award until notified of the amount of such award, in writing, by
the Committee or its authorized delegate.

          B. Payment of Cash Awards shall be made in a lump sum or in annual
installments over such period as the Committee may designate, which period shall
not exceed five years, provided that the Committee may from time to time
designate minimum installment amounts.

          C. After an award of Common Stock subject to restrictions ("Restricted
Stock"), such shares will be deposited in certificate or book entry form in
escrow with the Company's Secretary. The employee shall retain all rights in the
Restricted Stock while it is held in escrow including but not limited to voting
rights and the right to receive dividends, except that the employee shall not
have the right to transfer or assign such shares until all restrictions
pertaining to such shares are terminated, at which time the applicable stock
certificates shall be released from escrow and delivered to the employee by the
Company's Secretary.

          D. The Committee may permit, on such terms as it deems appropriate,
use of Restricted Stock as partial or full payment upon exercise of a stock
option under the Company's incentive stock option or compensation plans or this
Plan. In the event shares of Restricted Stock are so tendered as consideration
for the exercise of an option, a number of the shares issued upon the exercise
of said option, equal to the number of shares of Restricted Stock used as
consideration therefor, shall be subject to the same restrictions as the
Restricted Stock so submitted plus any additional restrictions that may be
imposed by the Committee.

XIV.      TERMINATION OF RESTRICTIONS ON STOCK AWARDS

          The Committee will establish the period or periods after which the
restrictions on Restricted Stock will lapse.

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          The Committee may in its discretion permit an employee to elect to
receive in lieu of shares of Restricted Stock, at the expiration of the
restrictions, a cash payment equal to the fair market value of the Common Stock
on the date the restrictions lapse. The Committee may also permit the employee
to elect to pay applicable withholding taxes due upon the lapse of restrictions
with part of the shares due the employee at such time. The shares canceled in
payment of withholding taxes shall be valued at the fair market value of the
Common Stock on the date the restrictions lapse. Fair market value shall be the
mean of the high and low prices of such stock on The New York Stock Exchange
Composite Tape on the date in question, or if no sales of such stock were made
on that date, the mean of the high and low prices of such stock on the next
preceding day on which sales were made.

XV.       RESTRICTIONS AND FORFEITURE OF STOCK AWARDS

          The Company's obligation to deliver stock held in escrow is subject to
the condition that the employee remain an employee of the Company on active or
authorized leave status or be under contract to provide services to the Company
as provided in Section XVI hereof for the entire deferral and/or restriction
period, including mandatory and optional deferrals. If the employee fails to
meet this condition, the employee's right to any such unpaid amounts or
undelivered stock shall be forfeited. This provision may be waived by the
Committee in exceptional circumstances, including the employee serving at the
Company's request or with the Company's consent as an employee of a
not-for-profit or for-profit corporation, a governmental agency, industry
association or other similar organization in connection with the Company's
investments or strategic alliances. Unless the Committee provides otherwise, in
the event an employee holding restricted shares ceases to be on active pay
status during the restricted period for a period of more than six months, the
restricted period shall be extended by a period of time equal to the length of
the period of inactive status.

XVI.      DEATH OF A PARTICIPATING EMPLOYEE HOLDING RESTRICTED STOCK

          A. By written notice to the Company, an employee who has received a
grant of Restricted Stock may designate one or more persons (and from time to
time change such designation) who, by reason of his death, shall acquire the
right to receive any vested but unpaid awards held by the employee at the time
of his death. Such awards shall be paid to the designated representative at such
time and in such manner as if the employee were living.

          B. In the event of the death of an employee holding unvested
restricted shares, the employee's designated representative shall be entitled to
receive a prorated number of shares determined by dividing the number of whole
years lapsed since the grant date by the number of years in the restricted
period and multiplying this ratio by the number of shares subject to the
restricted stock award. Remaining unvested shares shall be forfeited unless
additional payments are specifically authorized by the Committee.

          C. If at the time of the employee's death, there is no effective
beneficiary designation as to all or some portion of the awards hereunder, such
awards or such portion thereof shall be paid to or on the order of the legal
representative of the employee's estate. In the event of uncertainty as to the
interpretation or effect of any notice of designation, the Committee's decision
with respect thereto shall be conclusive.

XVII.     RETIREMENT OR DISABILITY OF EMPLOYEE HOLDING STOCK AWARD

          In the event of total and permanent disability of an employee who has
participated in the Plan, any unpaid but vested award shall be paid to the
employee if legally competent or to a committee or other legally designated
guardian or representative if the employee is legally incompetent.

          At the time of grant of any Stock Award, the Committee may specify
special conditions or terms covering the status of such Stock Award upon the
retirement or total and permanent disability of the employee. If no provision is
made, and if the employee retires due to age or is totally and permanently
disabled but is still legally competent, the Company's obligation to make any
payment due thereafter under the Stock Award feature of the Plan is subject to
the condition that for the entire period of deferral or restriction, including
mandatory and optional deferrals:

          A. An employee retiring due to age shall render as an independent
contractor and not as an employee such advisory or consultative services to the
Company as shall be reasonably requested by the Board or the Executive Committee
in writing from time to time, consistent with the state of the retired
employee's health and any employment or other activities in which such employee
may be engaged. For purposes of this Plan, the employee shall not be required to
devote a major portion of time to such services and shall be entitled to
reimbursement for any reasonable out-of-pocket expenses incurred in connection
with the performance of such services;

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          B. The employee shall not render services for any organization or
engage directly or indirectly in any business which, in the opinion of the
Committee, competes with, or is in conflict with the interest of, the Company.
The employee shall be free, however, to purchase as an investment or otherwise
stock or other securities of such organizations as long as they are listed upon
a recognized securities exchange or traded over-the-counter, or as long as such
investment does not represent a substantial investment to the employee or a
significant (greater than 10%) interest in the particular organization. For the
purposes of this subsection XVI(B), a company (other than a subsidiary) which is
engaged in the business of producing, leasing or selling products or providing
services of the type now or at any time hereafter made or provided by the
Company shall be deemed to compete with 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, research or development work of
the Company and shall do anything reasonably necessary to enable the Company to
secure a patent where appropriate in the United States and in foreign countries.

XVIII.    PERFORMANCE-BASED STOCK AWARDS.

          A. AWARD AGREEMENT. The Committee, in its discretion, may grant
performance-based stock awards to an eligible employee or make vesting of
performance shares contingent upon the attainment of performance goals relating
to: (1) earnings growth, (2) return on shareholders' equity, (3) earnings per
share, (4) return on assets, (5) revenue growth, (6) stock price, or (7) other
business goals defined by the Committee, each as may be adjusted by
extraordinary financial events, if applicable. Any such objectives and the
period in which such objectives are to be met will be determined by the
Committee at the time of grant and reflected in the written award agreement. The
number or value of performance shares that will be paid out to a participant at
the end of the performance period will depend on the extent to which the Company
has met the objectives determined by the Committee.

          B. PAYMENT OF PERFORMANCE SHARES. Payment of earned performance shares
is made as soon as practicable after the Committee has determined that the
performance goals have been made. The Committee, in its discretion, may pay
earned performance shares in the form of shares, cash or a combination thereof.
Payment of performance shares in cash results in the return of the shares to the
Plan, and the shares subject to an award paid in cash will again be available
for grant under the Plan. Unless otherwise established by the Committee in the
applicable award agreement, upon a participant's termination of employment, for
any reason, all remaining unearned performance shares shall be forfeited and
returned to the Plan and shall again be available for award under the Plan. The
Committee shall also set forth in the grant the number of performance shares or
the amount of payment to be made under a performance award if the performance
goals are met or exceeded, including the fixing of a maximum payment (subject to
subsection XVIII(D)).

          C. NON-TRANSFERABILITY. A performance share award is nontransferable
other than by will, the laws of descent and distribution or, if permitted by the
Committee, beneficiary designation, and a participant's rights under an award
are exercisable during the participant's lifetime only by the participant. The
extent to which a participant's rights under an award of performance shares are
exercisable, if at all, in the event of the total and permanent disability or
death during a performance period of a participant shall be determined by the
Committee at the time of grant.

          D. MAXIMUM PAYMENT. In any fiscal year, no individual may receive
payment for performance shares in excess of an aggregate of 600,000 shares of
Common Stock, including stock options, stock appreciation rights and other Stock
Awards granted under this Plan (subject to adjustment as provided in Section
XXII of the Plan). The amount of any payment of performance shares in cash shall
be based upon the fair market value of the Common Stock on the date the
restrictions lapse. Fair market value shall be the mean of the high and low
prices of such stock on The New York Stock Exchange Composite Tape on the date
in question, or if no sales of such stock were made on that date, the mean of
the high and low prices of such stock on the next preceding day on which sales
were made.

<PAGE>

                           PART 4. GENERAL PROVISIONS

XIX.      ASSIGNMENTS

          The rights and benefits under this Plan may not be assigned except for
the designation of a beneficiary as provided in Sections VI and XV.

XX.       TIME FOR GRANTING OPTIONS OR STOCK AWARDS

          All options for shares, stock appreciation rights and Stock Awards
subject to this Plan shall be granted, if at all, not later than 10 years after
the adoption of this Plan by the Company's Board of Directors (the "Board").

XXI.      LIMITATION OF RIGHTS

          A. No Right to an Option or Stock Award. Nothing in the Plan shall be
construed to give any personnel of the Participating Companies any right to be
granted an option or Stock or Cash Award.

          B. NO EMPLOYMENT RIGHT. Neither the Plan, nor the granting of an
option or Stock or Cash Award nor any other action taken pursuant to the Plan
shall constitute or be evidence of any agreement or understanding, express or
implied, that any of the Participating Companies will employ a grantee for any
period of time or in any position, or at any particular rate of compensation.

          C. NO SHAREHOLDER RIGHTS FOR OPTIONS. An optionee shall have no rights
as a shareholder with respect to the shares covered by his options until the
date of the issuance to him of a stock certificate therefor, and no adjustment
will be made for dividends or other rights for which the record date is prior to
the date such certificate is issued.

XXII.     CHANGES IN PRESENT STOCK

          In the event of any merger, consolidation, reorganization,
recapitalization, stock dividend, stock split, or other change in the corporate
structure or capitalization affecting the Company's present Common Stock,
appropriate adjustment shall be made by the Board in the number (including the
aggregate numbers specified in Section IV) and kind of shares which are or may
become subject to options and Stock Awards granted or to be granted hereunder,
and in the option price of shares which are subject to options granted
hereunder.

XXIII.    CHANGE IN CONTROL

          In the event that the Company is merged into or acquired by another
entity in a transaction involving a change in control, the Committee shall have
complete authority and discretion, but not the obligation, to accelerate the
vesting of outstanding stock options and the termination of restrictions on
Stock Awards.

          The Committee may also ask the Board to negotiate, as part of any
agreement involving a sale or merger of the Company, a sale of substantially all
the Company's assets or similar transaction, terms providing protection for
employees holding stock options or Stock Awards.

XXIV.     EFFECTIVE DATE OF THE PLAN

          The Plan shall take effect on the date of adoption by the Board,
subject to approval by the shareholders of the Company at a meeting held within
12 months after the date of such adoption. Options and Stock or Cash Awards may
be granted under the Plan at any time after the adoption of the Plan by the
Board and prior to the termination of this Plan.

XXV.      AMENDMENT OF THE PLAN

          The Committee may suspend or discontinue the Plan or revise or amend
it in any respect whatsoever; provided, however, that the Committee may seek
shareholder approval of an amendment if determined to be required by or
advisable under regulations of the Securities and Exchange Commission or the
Internal Revenue Service, the rules of any stock exchange on which the Company's
stock is listed or other applicable law or regulation.

<PAGE>

XXVI.     NOTICE

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

XXVII.    COMPANY BENEFIT PLANS

          Nothing contained in this Plan shall prevent the employee prior to
death, or the employee's dependents or beneficiaries after the employee's death,
from receiving, in addition to any awards provided for under this Plan and any
salary, any payments under a Company retirement plan or which may be otherwise
payable or distributable to such employee, or to the employee's dependents or
beneficiaries under any other plan or policy of the Company or otherwise.

<PAGE>

XXVIII.   UNFUNDED PLAN

          Insofar as it provides for awards of stock or cash, this Plan shall be
unfunded. Although bookkeeping accounts may be established with respect to
employees who are granted awards of Stock under this Plan, any such accounts
will be used merely as a bookkeeping convenience. Except for the holding of
Restricted Stock in escrow pursuant to subsection XIII(C), the Company shall not
be required to segregate any assets which may at any time be represented by
awards of stock or cash, nor shall this Plan be construed as providing for such
segregation, nor shall the Company nor the Board nor the Committee be deemed to
be a trustee of stock or cash to be awarded under the Plan. Any liability of the
Company to any employee with respect to an award of stock or cash under this
Plan shall be based solely upon any contractual obligations which may be created
by the Plan; no such obligation of the Company shall be deemed to be secured by
any pledge or other encumbrance on any property of the Company. Neither the
Company nor the Board nor the Committee shall be required to give any security
or bond for the performance of any obligation which may be created by this Plan.

XXIX.     GOVERNING LAW

          This Plan and all determinations made and actions taken pursuant
hereto shall be governed by the law of the State of California and construed
accordingly.<PAGE>

[HEWLETT-PACKARD LOGO]

                                                                   EXHIBIT 10(g)

                             HEWLETT-PACKARD COMPANY
           INCENTIVE STOCK PLAN STOCK OPTION AGREEMENT (NON-QUALIFIED)

     THIS AGREEMENT, dated __________ ("Grant Date") between HEWLETT-PACKARD
COMPANY, a Delaware corporation ("Company"), and _____________ ("Employee"), is
entered into as follows:

                                   WITNESSETH:

     WHEREAS, the Company has established the Hewlett-Packard Company 1995
Incentive Stock Plan ("Plan"), a copy of which can be found on the Stock Options
Web Site at: http://hpweb.corp.hp.com/publish/hwp/stock/stok_opt.htm or by
written or telephonic request to the Company Secretary, and which Plan made a
part hereof; and

     WHEREAS, the Compensation Committee of the Board of Directors of the
Company's ("Committee") has determined that the Employee shall be granted an
option under the Plan as hereinafter set forth;

     NOW THEREFORE, the parties hereby agree that in consideration of services
rendered and to be rendered, the Company grants the Employee an option
("Option") to purchase ______ shares of its $0.01 par value voting Common Stock
upon the terms and conditions set forth herein.

1.   This Option is granted under and pursuant to the Plan and is subject to
     each and all of the provisions thereof.

2.   The Option price shall be $________ per share.

3.   This Option is not transferable by the Employee otherwise than by will or
     the laws of descent and distribution, and is exercisable only by the
     Employee during his lifetime. This Option may not be transferred, assigned,
     pledged or hypothecated by the Employee during his lifetime, whether by
     operation of law or otherwise, and is not subject to execution, attachment
     or similar process.

4.   This Option may not be exercised before the first anniversary of the date
     hereof, nor may it be exercised as to more than one-fourth the number of
     shares covered herein before the second anniversary hereof, nor may it be
     exercised as to more than one-half of the number of shares covered herein
     before the third anniversary hereof, nor may it be exercised as to more
     than three-fourths the number of shares covered herein before the fourth
     anniversary hereof. Notwithstanding the foregoing, this Option shall be
     exercisable in full upon the retirement of the Employee because of age or
     permanent and total disability, or upon his death.

5.   This Option will expire ten (10) years from the date hereof, unless sooner
     terminated or canceled in accordance with the provisions of the Plan. This
     means that the Option must be exercised, if at all, on or before
     __________.

6.   This Option may be exercised by delivering to the Secretary of the Company
     at its head office a written notice stating the number of shares as to
     which the Option is exercised; provided, however, that no such exercise
     shall be with respect to fewer than twenty-five (25) shares or the
     remaining shares covered by the Option if less than twenty-five. The
     written notice must be accompanied by the payment of the full Option price
     of such shares. Payment may be in cash or shares of the Company's Common
     Stock or a combination thereof; provided, however, that any payment in
     shares shall be in strict compliance with all procedural rules established
     by the Committee.

7.   All rights of the Employee in this Option, to the extent that it has not
     been exercised, shall terminate upon the death of the Employee (except as
     hereinafter provided) or termination of his employment for any reason other
     than retirement because of age or permanent and total disability, and in
     case of such retirement three (3) years from the date thereof; provided,
     however, that in the event of the Employee's death his legal representative
     or designated beneficiary shall have the right to exercise all or a portion
     of the Employee's right under this Option. The representative or designee
     must exercise the Option within one (1) year after the death of the
     employee, and shall be bound by the provisions of the Plan. In all cases,
     however, the Option will expire no later than the expiration date set forth
     in Paragraph 5.

8.   The Employee shall remit to the Company payment for all applicable
     withholding taxes, and required social security contributions at the time
     the Employee exercises any portion of this Option.

9.   Neither the Plan nor this Agreement nor any provision under either shall be
     construed so as to grant Employee any right to remain in the employ of the
     Company, and it is expressly agreed and understood that employment is
     terminable at the will of either party.

                                      HEWLETT-PACKARD COMPANY

                                      By
                                         ---------------------------------------
                                      Carleton S. Fiorina, President and CEO

                                      By
                                         ---------------------------------------
                                      Ann O. Baskins, Associate General Counsel

RETAIN THIS AGREEMENT FOR YOUR RECORDS

<PAGE>
[HEWLETT-PACKARD LOGO]

                             HEWLETT-PACKARD COMPANY
                           RESTRICTED STOCK AGREEMENT

     THIS AGREEMENT, is made as of __________ by and between Hewlett-Packard
Company, a Delaware Corporation ("Company"), and ___________ (Employee"), is
entered into as follows:

     WHEREAS, the continued participation of 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
Company is willing to grant to the Employee shares of the Company's $0.01 par
value Common Stock ("Stock") subject to the restrictions stated below and in
accordance with the terms and conditions of the Company's 1995 Incentive
Compensation Plan ("Plan"), a copy of which can be found on the Stock Options
Website at: http://hpweb.corp.hp.com/publish/hwp/stock/stok_opt.htm or by
written or telephonic request to the Company Secretary.

     THEREFORE, the parties agree as follows:

1.   Grant of Stock.
     Subject to the terms and conditions of this Agreement and of the Plan, the
     Company hereby grants to Employee ________ shares of stock.

2.   Vesting Schedule.
     The interest of Employee in the Stock shall vest in full 3 years from the
     date of this agreement. Provided the Employee remains in the employ of the
     Company on a continuous, full-time basis through the close of business on
     _______, the interest of the Employee in the Stock shall become fully
     vested on that date.

3.   Restrictions.
(a)  The Stock or rights granted hereunder may not be sold, pledged or otherwise
     transferred until the shares become vested in accordance with Section 2.
     The period of time between the date hereof and the date shares become
     vested is referred to herein as the "Restriction Period."
(b)  If Employee's employment with the company is terminated at any time for any
     reason other than retirement after attaining 55 years of age with 15 years
     of service to the Company or 65 years of age without regard to service
     prior to the lapse of the Restriction Period, all Stock granted hereunder
     shall be forfeited by the Employee, and ownership transferred back to the
     Company.

4.   Legend.
     All certificates representing any shares of Stock of the Company subject to
     the provisions of this Agreement shall have endorsed thereon the following
     legend:

     "The shares represented by this certificate are subject to an agreement
     between the Corporation and the registered holder, a copy of which is on
     file at the principal office of this Corporation."

5.   Escrow.
     The certificate or certificates evidencing the Stock subject hereto shall
     be delivered to and deposited with the Secretary of the Company as Escrow
     Agent in this transaction. The Stock may also be held in a restricted book
     entry account in the name of the Employee. Such certificates or such book
     entry shares are to be held by the Escrow Agent until termination of the
     Restriction Period, when they shall be by said Escrow Agent or Employee.

6.   Employee Shareholder Rights.
     During the Restriction Period, the Employee shall have all the rights of a
     shareholder with respect to the Stock except for the right to transfer the
     Stock, as set forth in Section 3. Accordingly, the Employee shall have the
     right to vote the Stock and to receive any cash dividends paid to or made
     with respect to the Stock.

7.   Retirement of Employee.
     If Employee retires after attaining 55 years of age with 15 years of
     service to the Company or 65 years of age without regard to service, the
     Company's obligation to deliver Stock out of escrow is subject to the
     condition that for the entire Restriction Period:
     (a)  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
          Employee's health and any other employment or other activities in
          which such Employee may be engaged;
     (b)  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)  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)  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, anything
          reasonably necessary to enable the Company to secure a patent where
          appropriate in the United States and in foreign countries.

<PAGE>

8.   Total and Permanent Disability of Employee.
     In the event of total and permanent disability of Employee, any unpaid but
     vested award shall be paid to Employee if legally competent or to a legally
     designated guardian or representative if Employee is legally incompetent.

9.   Death of Employee.
     In the event of the Employee's death prior to the end of the Restriction
     Period, the Employee's estate or designated beneficiary shall receive a pro
     rata number of shares determined by multiplying the total shares granted by
     a fraction equal to a.) the number of whole years elapsed between the date
     of this agreement and the Employee's death, divided by b.) 3. In the event
     of the Employee's death after the vesting date but prior to the payment of
     shares, said shares shall be paid to the Employee's estate or designated
     beneficiary.

10.  Taxes.
     Employee shall be liable for any and all taxes, including withholding
     taxes, arising out of this grant or the vesting of Stock hereunder.

11.  Miscellaneous.
     (a)  The Company shall not be required (i) to transfer on its books any
          shares of Stock of the Company which shall have been sold or
          transferred in violation of any of the provisions set forth in this
          agreement or (ii) to treat as owner of such shares or to accord the
          right to vote as such owner or to pay dividends to any transferee to
          whom such shares shall have been so transferred.
     (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
          Agreement.
     (c)  Any notice required or permitted hereunder shall be given in writing
          and shall be deemed effectively given upon delivery to Employee at his
          address then on file with the Company.
     (d)  Neither the Plan nor this Agreement nor any provisions under either
          shall be construed so as to grant the Employee any right to remain in
          the employ of the Company.
     (e)  This Agreement constitutes the entire agreement of the parties with
          respect to the subject matter hereof.

                                       HEWLETT-PACKARD COMPANY

                                       By
                                          --------------------------------------
                                       Carleton S. Fiorina, President and CEO

                                      By
                                          --------------------------------------
                                       Ann O. Baskins, Associate General Counsel

RETAIN THIS AGREEMENT FOR YOUR RECORDS

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