Document:

EX-10.rr

 Exhibit 10rr 

 
 

 
 MARKET SHARE UNITS AGREEMENT 

UNDER THE BRISTOL-MYERS SQUIBB COMPANY 
 2012 STOCK AWARD AND INCENTIVE PLAN 
 BRISTOL-MYERS SQUIBB COMPANY, a Delaware
corporation (the “Company”), has granted to you the Market Share Units (“MSUs”) specified in the Grant Summary, which is incorporated into this Market Share Units Agreement (the “Agreement”) and deemed to be a part
hereof. The MSUs have been granted to you under Sections 6(i) and 7 of the 2012 Stock Award and Incentive Plan (the “Plan”), on the terms and conditions specified in the Grant Summary and this Agreement. Capitalized terms used in this
Agreement that are not specifically defined herein shall have the meanings ascribed to such terms in the Plan. 
  

	1.	MARKET SHARE UNITS AWARD 

The Compensation and Management Development Committee of the Board of Directors of Bristol-Myers Squibb Company (the
“Committee”) has granted to you as of March 10, 2013 (the “Award Date”) an Award of MSUs as designated herein subject to the terms, conditions, and restrictions set forth in this Agreement and the Plan. Each MSU shall
represent the conditional right to receive, upon settlement of the MSU, one share of Bristol-Myers Squibb Common Stock (“Common Stock”), or, at the discretion of the Company, the cash equivalent thereof, (subject to any tax withholding as
described in Section 4). MSUs include the right to receive dividend equivalents as specified in Section 5 (“Dividend Equivalents and Adjustments”). The purpose of such Award is to motivate and retain you as an employee of the
Company or a subsidiary of the Company, to encourage you to continue to give your best efforts for the Company’s future success, to increase your proprietary interest in the Company, and to further align your compensation with the interests of
the Company’s shareholders. Except as may be required by law, you are not required to make any payment (other than payments for taxes pursuant to Section 4 hereof) or provide any consideration other than the rendering of future services to
the Company or a subsidiary of the Company. 
  

	2.	RESTRICTIONS, FORFEITURES, AND SETTLEMENT 

 Except as otherwise provided in this Section 2, MSUs shall be subject to the restrictions and conditions set forth herein during the Restricted Period (as defined below). Vesting of the MSUs is
conditioned upon you remaining continuously employed by the Company or a subsidiary of the Company from the Award Date until the relevant vesting date, subject to the provisions of this Section 2. In addition, for purposes of vesting, the MSU
grant shall be divided into four tranches, each of which shall include 25% of the number of MSUs specified in the Grant Summary and any additional MSUs and/or cash that results from Dividend Equivalents that are attributable to the MSUs in that
tranche. 
 Assuming satisfaction of such employment conditions, the MSUs shall vest only if the Share Price (as defined below)
on the applicable Measurement Date (as defined below) equals at least 60% of the Share Price on the Award Date. If this threshold condition is satisfied, MSUs shall vest to the extent provided in the following schedule: 

  
 1 

									
	 (A)

Tranche
	  	 (B)

MSUs in

Tranche
	  	 (C)

Vesting Date
	  	 (D)

Payout Factor
	  	 (E)

Number of MSUs
 Vested

					
	 1
	  	25% of Total	  	1st Anniversary of Award Date	  	Share Price on Measurement Date divided by Share Price on Award Date	  	MSUs in Tranche (Column B) times Payout Factor (Column D)
					
	 2
	  	25% of Total	  	2nd Anniversary of Award Date	  	Share Price on Measurement Date divided by Share Price on Award Date	  	MSUs in Tranche (Column B) times Payout Factor (Column D)
					
	 3
	  	25% of Total	  	3rd Anniversary of Award Date	  	Share Price on Measurement Date divided by Share Price on Award Date	  	MSUs in Tranche (Column B) times Payout Factor (Column D)
					
	 4
	  	25% of Total	  	4th Anniversary of Award Date	  	Share Price on Measurement Date divided by Share Price on Award Date	  	MSUs in Tranche (Column B) times Payout Factor (Column D)

 For purposes of the table set forth above— 

 

	 	(A)	“Share Price” shall equal the average of the closing share price of the Company’s Common Stock on the Measurement Date or Award Date, as applicable, and
the nine trading days immediately preceding the Measurement Date or Award Date. If there were no trades on the Measurement Date or Award Date, the closing price on the most recent date preceding the Measurement Date or Award Date, as applicable, on
which there were trades and the nine trading days immediately preceding that date shall be used. 

  

	 	(B)	“Payout Factor” shall be rounded to the nearest hundredth (two places after the decimal), except that if the “Payout Factor” equals more than 2.00,
the Payout Factor used in Column E shall be 2.00. Notwithstanding the formula in the table, the Payout Factor for any vesting date that occurs on or after a Change in Control shall equal the Share Price on the date of the Change in Control divided
by the Share Price on the Award Date. 

  

	 	(C)	“Measurement Date” shall mean the February 28 immediately preceding the vesting date for each tranche. 

Any MSUs that fail to vest, either because the employment condition is not satisfied or because the Payout Factor for the applicable
vesting date is less than 60% shall be forfeited, subject to the special provisions set forth in Sections 2(c)-(g) hereof. 
  

	 	(a)	Nontransferability. During the Restricted Period and any further period prior to settlement of your MSUs, you may not sell, transfer, pledge or assign any of the
MSUs or your rights relating thereto. 

  

	 	(b)	 Time of Settlement. MSUs shall be settled promptly upon expiration of the Restricted Period without forfeiture of the MSUs (i.e., upon vesting),
but in any event within 60 days of expiration of the Restricted Period, by delivery of one share of Common Stock for each MSU being settled, or, at the discretion of the Company, the cash equivalent thereof; provided, however, that settlement of an
MSU shall be subject to Plan Section 11(k), including, if applicable, the six-month delay rule in Plan Section 11(k)(i)(C) to the extent the MSUs are subject to Section 409A of the Code, payment is on account of your “separation
from service” and you are a “key employee,” both within the meaning of 

  
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Section 409A. (Note: This rule may apply to any portion of the MSUs that vest after the time you become Retirement eligible under the Plan, and could apply in other cases as well).
Settlement of MSUs which directly or indirectly result from non-cash Dividend Equivalents on MSUs or adjustments to MSUs shall occur at the time of settlement of the granted MSUs. Until shares are delivered to you in settlement of MSUs, you shall
have none of the rights of a stockholder of the Company with respect to the shares issuable in settlement of the MSUs, including the right to vote the shares and receive actual dividends and other distributions on the underlying shares of Common
Stock (you are entitled to Dividend Equivalents, however). Shares of stock issuable in settlement of MSUs shall be delivered to you upon settlement in certificated form or in such other manner as the Company may reasonably determine. At that time,
you will have all of the rights of a stockholder of the Company. 

  

	 	(c)	 Retirement. In the event of your Retirement (as that term is defined in Plan Section 2(v)(i)) at or after your 65th birthday and prior to the end of the Restricted Period, the
continuous employment requirement shall be eliminated and you shall vest in and be entitled to settlement of (i.e., the Restricted Period shall expire with respect to) any MSUs that have not previously been vested or forfeited, provided that you
have been continuously employed by the Company (or a subsidiary) for at least one year following the Award Date and your employment has not been terminated by the Company (or a subsidiary) for misconduct or other conduct deemed detrimental to the
interests of the Company. Any MSU that vests upon your Retirement shall vest based on the Payout Factor determined by substituting for the Measurement Date either (i) the first trading day of the first month following your last day of work;
(ii) your last day of work if such date occurs on the first trading day of a month; or (iii) the date of a Change in Control, if a Change in Control has occurred before your Retirement. 

 

	 	(d)	Early Retirement; Termination not for Misconduct/Detrimental Conduct. This Section 2(d) shall apply in the event of (1) your Retirement (as that term
is defined in Plan Sections 2(v)(ii) or 2(v)(iii)) (A) at or after age 55 with at least 10 years of service or (B) after attaining eligibility for the “Rule of 70” or (2) the termination of your employment by the Company (or
a subsidiary) for reasons other than misconduct or other conduct deemed detrimental to the interests of the Company (and you are not eligible for Retirement). If one of the events described in the preceding sentence occurs before the end of the
Restricted Period, the continuous employment requirement shall be eliminated and you shall vest in and be entitled to settlement of (i.e., the Restricted Period shall expire with respect to) a proportionate number of the MSUs that would otherwise
have vested on the vesting date that next follows the date on which the event occurs, provided that you have been continuously employed by the Company (or a subsidiary) for at least one year following the Award Date and your employment has not been
terminated by the Company (or a subsidiary) for misconduct or other conduct deemed detrimental to the interests of the Company. Any MSU that vests upon your early Retirement or termination shall vest based on the Payout Factor determined by
substituting for the Measurement Date either (i) the first trading day of the first month following your last day of work; (ii) your last day of work if such date occurs on the first trading day of a month; or (iii) the date of a
Change in Control, if a Change in Control has occurred before your early Retirement or termination. If you are employed in the United States (including in Puerto Rico), and you are not eligible for Retirement (as that term is defined in Plan
Sections 2(v)(i) or 2(v)(ii)), you shall be entitled to the pro rata vesting described in the preceding sentence only if you execute and do not revoke a release in favor of the Company and its predecessors, successors, affiliates, subsidiaries,
directors and employees in a form satisfactory to the Company and, where deemed applicable by the Company, you execute a non-compete and/or a non-solicitation agreement; if you fail to execute the non-compete or non-solicitation agreement, or fail
to execute or revoke the release, you shall forfeit any MSUs that are unvested as of the date your employment terminates. The formula for determining the proportionate number of your MSUs to become vested and non-forfeitable upon your early
Retirement or involuntary termination not for misconduct or other detrimental conduct is available by request from the Office of the Corporate Secretary at 345 Park Avenue, New York, New York 10154. 

  
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	 	(e)	Death. In the event of your death during the Restricted Period, the continuous employment requirement shall be eliminated and your estate shall vest in and be
entitled to settlement of (i.e., the Restricted Period shall expire with respect to) a proportionate number of the MSUs that would otherwise have vested, provided that you have been continuously employed by the Company for at least one year
following the Award Date. Any MSU that vests upon your death shall vest based on the Payout Factor determined by substituting for the Measurement Date either (i) the first trading day of the first month following your last day of work;
(ii) your last day of work if such date occurs on the first trading day of a month; or (iii) the date of a Change in Control, if a Change in Control has occurred before your death. The formula for determining the proportionate number of
your MSUs to become vested and non-forfeitable upon your death is available by request from the Office of the Corporate Secretary at 345 Park Avenue, New York, New York 10154. In the event of your death prior to the delivery of shares in settlement
of MSUs (not previously forfeited), shares in settlement of your MSUs shall be delivered to your estate, upon presentation to the Committee of letters testamentary or other documentation satisfactory to the Committee, and your estate shall succeed
to any other rights provided hereunder in the event of your death. 

  

	 	(f)	Disability. In the event you become Disabled (as that term is defined below), for the period during which you continue to be deemed to be employed by the Company
or a subsidiary (i.e., the period during which you receive Disability benefits), you will not be deemed to have terminated employment for purposes of the MSUs. Upon the termination of your receipt of Disability benefits, (i) you will not be
deemed to have terminated employment if you return to employment status, and (ii) if you do not return to employment status, you will be deemed to have terminated employment at the date of cessation of payments to you under all disability pay
plans of the Company and its subsidiaries, with such termination treated for purposes of the MSUs as a Retirement, death, or voluntary termination based on your circumstances at the time of such termination. For purposes of this Agreement,
“Disability” or “Disabled” shall mean qualifying for and receiving payments under a disability plan of the Company or any subsidiary or affiliate either in the United States or in a jurisdiction outside of the United States, and
in jurisdictions outside of the United States shall also include qualifying for and receiving payments under a mandatory or universal disability plan or program managed or maintained by the government. 

 

	 	(g)	Qualifying Termination Following Change in Control. In the event your employment is terminated by reason of a Qualifying Termination during the Protected Period
following a Change in Control, the continuous employment requirement shall be eliminated and you shall vest in and be entitled to settlement of (i.e., the Restricted Period shall expire with respect to) any MSUs that have not previously been
forfeited. Any MSU that vests following a Qualifying Termination during the applicable Protected Period following a Change in Control shall vest based on the Payout Factor determined by substituting for the Measurement Date the date of the Change in
Control. 

  

	 	(h)	Other Termination of Employment. In the event of your voluntary termination, or termination by the Company or a subsidiary for misconduct or other conduct deemed
by the Company to be detrimental to the interests of the Company, you shall forfeit all unvested MSUs on the date of termination. 

  

	 	(i)	Other Terms. 

  

	 	(i)	In the event that you fail promptly to pay or make satisfactory arrangements as to the Tax Related Items as provided in Section 4, all MSUs subject to restriction
shall be forfeited by you and shall be deemed to be reacquired by the Company. 

  
 4 

	 	(ii)	You may, at any time prior to the expiration of the Restricted Period, waive all rights with respect to all or some of the MSUs by delivering to the Company a written
notice of such waiver. 

  

	 	(iii)	Termination of employment includes any event if immediately thereafter you are no longer an employee of the Company or any subsidiary of the Company, subject to
Section 2(j) hereof. References in this Section 2 to employment by the Company include employment by a subsidiary of the Company. Termination of employment means an event after which you are no longer employed by the Company or any
subsidiary of the Company. Such an event could include the disposition of a subsidiary or business unit by the Company or a subsidiary. 

  

	 	(iv)	Upon any termination of your employment, any MSUs as to which the Restricted Period has not expired at or before such termination shall be forfeited, subject to
Sections 2(c)-(g) hereof. Other provisions of this Agreement notwithstanding, in no event will an MSU that has been forfeited thereafter vest or be settled. 

 

	 	(v)	In the event of termination of your employment or other service relationship (for any reason whatsoever, whether or not later found to be invalid or in breach of
employment laws in the jurisdiction where you are employed or the terms of your employment agreement, if any), unless otherwise provided in this Agreement or determined by the Company, your right to vest in the MSU under the Plan, if any, will
terminate effective as of the date that you are no longer actively providing services and will not be extended by any notice period (e.g., active services would not include any contractual notice period or any period of “garden
leave” or similar period mandated under employment laws in the jurisdiction where you are employed or the terms of your employment agreement, if any); the Company shall have the exclusive discretion to determine when you are no longer actively
providing services for purposes of your Award of MSUs. 

  

	 	(j)	The following events shall not be deemed a termination of employment: 

  

	 	(i)	A transfer of you from the Company to a subsidiary, or vice versa, or from one subsidiary to another; 

 

	 	(ii)	A leave of absence, duly authorized in writing by the Company, for military service or sickness or for any other purpose approved by the Company if the period of such
leave does not exceed ninety (90) days; and 

  

	 	(iii)	A leave of absence in excess of ninety (90) days, duly authorized in writing, by the Company, provided your right to reemployment is guaranteed either by a statute
or by contract. 

 However, your failure to return to active service with the Company or a subsidiary at the end of
an approved leave of absence shall be deemed a termination of employment, subject to local law. During a leave of absence as defined in (ii) or (iii), although you will be considered to have been continuously employed by the Company or a
subsidiary and not to have had a termination of employment under this Section 2, the Committee may specify that such leave period shall not be counted in determining the period of employment for purposes of the vesting of the MSUs. In such
case, the vesting dates for unvested MSUs shall be extended by the length of any such leave of absence and any such MSU that vests thereafter shall vest based on the Payout Factor determined by substituting for the Measurement Date the applicable
vesting date. 

  
 5 

	3.	FORFEITURE IN THE EVENT OF COMPETITION AND/OR SOLICITATION OR OTHER ACTS 

 You acknowledge that your continued employment with the Company or a subsidiary and the grant of MSUs is sufficient consideration for this Agreement, including, without limitation, the restrictions
imposed upon you by this Section 3. 
  

	 	(a)	By accepting the MSUs, you expressly agree and covenant that during the Restricted Period (as defined below) and the Non-Competition and Non-Solicitation Period (as
defined below), you shall not, without the prior consent of the Company, directly or indirectly: 

  

	 	(i)	own or have any financial interest in a Competitive Business (as defined below), except that nothing in this clause shall prevent you from owning one percent or less of
the outstanding securities of any entity whose securities are traded on a U.S. national securities exchange (including NASDAQ) or an equivalent foreign exchange; 

 

	 	(ii)	be actively connected with a Competitive Business by managing, operating, controlling, being an employee or consultant (or accepting an offer to be an employee or
consultant) or otherwise advising or assisting a Competitive Business in such a way that such connection might result in an increase in value or worth of any product, technology or service, that competes with any product, technology or service upon
which you worked or about which you became familiar as a result of your employment with the Company or a subsidiary or affiliate. You may, however, be actively connected with a Competitive Business after your employment with the Company or a
subsidiary terminates for any reason, so long as your connection to the business does not involve any product, technology or service, that competes with any product, technology or service upon which you worked or about which you became familiar as a
result of your employment with the Company or a subsidiary and the Company is provided written assurances of this fact from the Competing Company prior to your beginning such connection; 

 

	 	(iii)	take any action that might divert any opportunity from the Company or any of its affiliates, successors or assigns (the “Related Parties”) that is within the
scope of the present or future operations or business of any Related Parties; 

  

	 	(iv)	employ, solicit for employment, advise or recommend to any other person that they employ or solicit for employment or form an association with any person who is
employed by the Company or its Related Parties or who has been employed by the Company or its Related Parties within one year of the date your employment with the Company or a subsidiary ceased for any reason whatsoever; 

 

	 	(v)	contact, call upon or solicit any customer of the Company, or attempt to divert or take away from the Company the business of any of its customers;

  

	 	(vi)	contact, call upon or solicit any prospective customer of the Company that you became aware of or were introduced to in the course of your duties for the Company or its
Related Parties, or otherwise divert or take away from the Company the business of any prospective customer of the Company; or 

  

	 	(vii)	engage in any activity that is harmful to the interests of the Company, including without limitation, any conduct during the term of your employment that violates the
Company’s Standards of Business Conduct and Ethics, securities trading policy and other policies. 

  
 6 

	 	(b)	Forfeiture. If the Company determines that you have violated any provisions of Section 3(a) above during the Restricted Period or the Non-Competition and
Non-Solicitation Period, then you agree and covenant that: 

  

	 	(i)	any unvested portion of the MSUs shall be immediately rescinded; 

  

	 	(ii)	you shall automatically forfeit any rights you may have with respect to the MSUs as of the date of such determination; 

 

	 	(iii)	if any part of the MSUs vests within the twelve-month period immediately preceding a violation of Section 3(a) above (or following the date of any such violation),
upon the Company’s demand, you shall immediately deliver to it a certificate or certificates for shares of the Company’s Common Stock that you acquired upon settlement of such MSUs (or an equivalent number of other shares); and

  

	 	(iv)	the foregoing remedies set forth in this Section 3(b) shall not be the Company’s exclusive remedies. The Company reserves all other rights and remedies
available to it at law or in equity. 

  

	 	(c)	Company Policy. You agree that the Company may recover any incentive-based compensation received by you under this Agreement if such recovery is pursuant to a
clawback or recoupment policy approved by the Committee. 

  

	 	(d)	Definitions. For purposes of this Agreement, the following definitions shall apply: 

 

	 	(i)	The Company directly advertises and solicits business from customers wherever they may be found and its business is thus worldwide in scope. Therefore,
“Competitive Business” means any person or entity that engages in any business activity that competes with the Company’s business in any way, in any geographic area in which the Company engages in business, including, without
limitation, any state in the United States in which the Company sells or offers to sell its products from time to time. 

  

	 	(ii)	“Non-Competition and Non-Solicitation Period” means the period during which you are employed by the Company and twelve months following the date that you
cease to be employed by the Company for any reason whatsoever. 

  

	 	(iii)	“Restricted Period” means, with respect to each MSU, the period from the Award Date until the date such MSU has become vested and non-forfeitable.

  

	 	(e)	Severability. You acknowledge and agree that the period, scope and geographic areas of restriction imposed upon you by the provisions of Section 3 are fair
and reasonable and are reasonably required for the protection of the Company. In the event that all or any part of this Section 3 is held to be unenforceable or invalid, the remaining parts of Section 3 and this Agreement shall
nevertheless continue to be valid and enforceable as though the invalid portions were not a part of this Agreement. If any one of the provisions in Section 3 is held to be excessively broad as to period, scope and geographic areas, any such
provision shall be construed by limiting it to the extent necessary to be enforceable under applicable law. 

  

	 	(f)	Additional Remedies. You acknowledge that breach by you of this Agreement would cause irreparable harm to the Company and that in the event of such breach, the
Company shall have, in addition to monetary damages and other remedies at law, the right to an injunction, specific performance and other equitable relief to prevent violations of your obligations hereunder. 

  
 7 

	4.	RESPONSIBILITY FOR TAXES 

 You acknowledge that, regardless of any action taken by the Company, any subsidiary or affiliate or your employer (“Employer”), the ultimate liability for all income tax (including federal,
state, local and non-U.S. taxes), social security, payroll tax, fringe benefits tax, payment on account or other tax-related items related to your participation in the Plan and legally applicable to you or deemed by the Company or the Employer to be
an appropriate charge to you even if legally applicable to the Company or the Employer (“Tax-Related Items”) is and remains your responsibility and may exceed the amount actually withheld by the Company or the Employer. You further
acknowledge that the Company, any subsidiary or affiliate and/or the Employer: (a) make no representations or undertakings regarding the treatment of any Tax Related Items in connection with any aspect of the MSUs, including the grant of the
MSUs, the vesting of MSUs, the conversion of the MSUs into Common Stock or the receipt of an equivalent cash payment, the subsequent sale of any Common Stock acquired at vesting and the receipt of any dividends and/or Dividend Equivalents; and,
(b) do not commit to structure the terms of the grant or any aspect of the MSUs to reduce or eliminate your liability for Tax Related Items or achieve any particular tax result. Further, if you are subject to Tax-Related Items in more than one
jurisdiction between the Award Date and the date of any relevant taxable event, you acknowledge 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. 
 Prior to the relevant taxable event, you agree to make adequate arrangements satisfactory to the Company or the
Employer to satisfy all Tax-Related Items. In this regard, by your acceptance of the MSUs, you authorize the Company and/or the Employer, or their respective agents, at their discretion, to satisfy the obligations with regard to all Tax-Related
Items by one or a combination of the following: 
  

	 	(a)	withholding from your wages or other cash compensation paid to you by the Company and/or the Employer; or 

 

	 	(b)	withholding from proceeds of the sale of shares of Common Stock acquired upon settlement of the MSUs either through a voluntary sale or through a mandatory sale
arranged by the Company (on your behalf pursuant to this authorization without further consent); or 

  

	 	(c)	withholding in shares of Common Stock to be issued upon settlement of the MSUs; 

 provided, however, if you are a Section 16 officer of the Company under the Exchange Act, then the Company will withhold shares of Common Stock upon the relevant taxable or tax withholding event, as
applicable, unless the use of such withholding method is problematic under applicable tax or securities law or has materially adverse accounting consequences, in which case, the obligation for Tax-Related Items may be satisfied by one or a
combination of methods (a) and (b) above. 
 Depending on the withholding method, the Company may withhold or account
for Tax-Related Items by considering applicable minimum statutory withholding rates or other applicable withholding rates, including maximum applicable rates, in which case, you will receive a refund of any over-withheld amount in cash and will have
no entitlement to the Common Stock equivalent. If the obligation for Tax Related Items is satisfied by withholding in shares of Common Stock, for tax purposes, you are deemed to have been issued the full number of shares of Common Stock subject to
the vested MSUs, notwithstanding that a number of the shares of Common Stock are held back solely for the purpose of paying the Tax-Related Items. 
 Finally, you agree to pay to the Company or the Employer, including through withholding from your wages or other cash compensation paid to you by the Company and/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 your participation in the Plan that cannot be satisfied by the means previously described. The Company may refuse to issue or deliver the shares or the
proceeds of the sale of shares of Common Stock, if you fail to comply with your obligations in connection with the Tax-Related Items. 

  
 8 

 Notwithstanding anything in this Section 4 to the contrary, to avoid a prohibited
acceleration under Section 409A, if shares of Common Stock subject to MSUs will be sold on your behalf (or withheld) to satisfy any Tax-Related Items arising prior to the date of settlement of the MSUs for any portion of the MSUs that is
considered nonqualified deferred compensation subject to Section 409A, then the number of shares sold on your behalf (or withheld) shall not exceed the number of shares that equals the liability for Tax-Related Items. 

 

	5.	DIVIDEND EQUIVALENTS AND ADJUSTMENTS 

  

	 	(a)	Dividend Equivalents shall be paid or credited on MSUs (other than MSUs that, at the relevant record date, previously have been settled or forfeited) as follows, except
that the Committee may specify an alternative treatment from that specified in (i), (ii), or (iii) below for any dividend or distribution: 

  

	 	(i)	 Cash Dividends. If the Company declares and pays a dividend or distribution on Common Stock in the form of cash, then you will be credited, as
of the payment date for such dividend or distribution, an amount equal to the number of MSUs credited to you as of the record date for such dividend or distribution, multiplied by the amount that would have been paid as a dividend or distribution on
each outstanding share of Common Stock at such payment date. Any payment made under this Section 5(a)(i) shall be included as part of your regular payroll payment as soon as administratively practicable after the settlement date for the
underlying MSU and shall be subject to the Payout Factor that applies to the underlying MSU. At the time the underlying MSU becomes payable, the Company has the discretion to pay any accrued Dividend Equivalents either in cash or in shares of Common
Stock. If the underlying MSU does not vest or is forfeited, any amounts credited under this Section 5(a)(i) with respect to the underlying MSU also will fail to vest and will be forfeited. 

 

	 	(ii)	 Non-Share Dividends. If the Company declares and pays a dividend or distribution on Common Stock in the form of property other than shares, then
a number of additional MSUs shall be credited to you as of the payment date for such dividend or distribution equal to (A) the number of MSUs credited to you as of the record date for such dividend or distribution, multiplied by (B) the
Fair Market Value of such property actually paid as a dividend or distribution on each outstanding share of Common Stock at such payment date, divided by (C) the Fair Market Value of a share at such payment date. Any MSUs payable under this
Section 5(a)(ii) shall be settled on the settlement date for the underlying MSU and shall be subject to the Payout Factor that applies to the underlying MSU. If the underlying MSU does not vest or is forfeited, any MSUs credited under this
Section 5(a)(ii) with respect to the underlying MSU also will fail to vest and will be forfeited. You will be eligible to receive Dividend Equivalents on any MSUs credited to you under this Section 5(a)(ii). 

 

	 	(iii)	Common Stock Dividends and Splits. If the Company declares and pays a dividend or distribution on Common Stock in the form of additional shares, or there occurs
a forward split of Common Stock, then a number of additional MSUs shall be credited to you as of the payment date for such dividend or distribution or forward split equal to (A) the number of MSUs credited to you as of the record date for such
dividend or distribution or split, multiplied by (B) the number of additional shares actually paid as a dividend or distribution or issued in such split in respect of each outstanding share of Common Stock. Any MSUs payable under this
Section 5(a)(iii) shall be settled on the settlement date for the underlying MSU and shall be subject to the Payout Factor that applies to the underlying MSU. If the underlying MSU does not vest or is forfeited, any MSUs credited under this
Section 5(a)(iii) with respect to the underlying MSU also will fail to vest and will be forfeited. You will be eligible to receive Dividend Equivalents on any MSUs credited to you under this Section 5(a)(iii). 

  
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	 	(b)	The number of your MSUs and other related terms shall be appropriately adjusted, in order to prevent dilution or enlargement of your rights with respect to MSUs, to
reflect any changes in the outstanding shares of Common Stock resulting from any event referred to in Plan Section 11(c) or any other “equity restructuring” as defined in FASB ASC Topic 718, taking into account any MSUs credited to
you in connection with such event under Section 5(a). 

  

	 	(c)	When the Dividend Equivalents you receive under this Section 5, if any, become payable to you, they will be compensation (wages) for tax purposes and, if you are a
U.S. taxpayer, will be included on your W-2 form. The Company will be required to withhold applicable taxes on such Dividend Equivalents. The Company may deduct such taxes in the manner set forth in Section 4 hereof. 

 

	6.	EFFECT ON OTHER BENEFITS 

In no event shall the value, at any time, of the MSUs or any other payment under this Agreement be included as compensation or earnings
for purposes of any other compensation, retirement, or benefit plan offered to employees of the Company or any subsidiary unless otherwise specifically provided for in such plan. The MSUs and the underlying shares of Common Stock (or their cash
equivalent), and the income and value of the same, are not part of normal or expected compensation or salary for any purposes including, but not limited to, calculation of any severance, resignation, termination, redundancy or end-of-service
payments, bonuses, long-service awards, pension or retirement benefits, or similar payments. 
  

	7.	ACKNOWLEDGMENT OF NATURE OF PLAN AND MSUs 

 In accepting the MSUs, you acknowledge, understand and agree that: 
  

	 	(a)	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, to
the extent permitted by the Plan; 

  

	 	(b)	The Award of MSUs is voluntary and occasional and does not create any contractual or other right to receive future awards of MSUs, or benefits in lieu of MSUs even if
MSUs have been awarded in the past; 

  

	 	(c)	All decisions with respect to future awards of MSUs or other awards, if any, will be at the sole discretion of the Company; 

 

	 	(d)	Your participation in the Plan is voluntary; 

  

	 	(e)	The MSUs and the Common Stock subject to the MSUs are not intended to replace any pension rights or compensation; 

 

	 	(f)	The future value of the underlying shares of Common Stock is unknown, indeterminable and cannot be predicted with certainty; 

 

	 	(g)	 No claim or entitlement to compensation or damages arises from the forfeiture of MSUs, resulting from termination of your employment or other service
relationship with the Company, or any of its subsidiaries or affiliates or the Employer (for any reason whatsoever whether or not later found to be invalid or in breach of employment laws in the jurisdiction where you are employed or the terms of
your employment agreement, if any), and in consideration of the grant of the MSUs to which you are otherwise not entitled, you irrevocably agree never to institute any claim against the Company, any of

  
 10 

	 	
its subsidiaries or affiliates or the Employer, waive your ability, if any, to bring such claim, and release the Company, any subsidiary or affiliate and/or 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, you shall be deemed irrevocably to have agreed not to pursue such claim and agree to execute any and all documents
necessary to request dismissal or withdrawal of such claim. 

  

	 	(h)	Unless otherwise provided in the Plan or by the Company in its discretion, the MSUs and the benefits evidenced by this Agreement do not create any entitlement to have
the MSUs or any such benefits transferred to, or assumed by, another company nor to be exchanged, cashed out or substituted for, in connection with any corporate transaction affecting the shares of the Company; and 

 

	 	(i)	The following provisions apply only if you are providing services outside the United States: (i) the Award and the shares of Common Stock subject to the MSUs are
not part of normal or expected compensation or salary for any purpose; and (ii) you acknowledge and agree that neither the Company, the Employer nor any subsidiary or affiliate of the Company shall be liable for any foreign exchange rate
fluctuation between your local currency and the United States Dollar that may affect the value of the MSUs or of any amounts due to you pursuant to the settlement of the MSUs or the subsequent sale of any shares of Common Stock acquired upon
settlement. 

  

	8.	NO ADVICE REGARDING GRANT 

The Company is not providing any tax, legal or financial advice, nor is the Company making any recommendations regarding your
participation in the Plan or your acquisition or sale of the underlying shares of Common Stock. You are hereby advised to consult with your own personal tax, legal and financial advisors regarding your participation in the Plan before taking any
action related to the Plan. 
  

	9.	RIGHT TO CONTINUED EMPLOYMENT 

 Nothing in the Plan or this Agreement shall confer on you any right to continue in the employ of the Company or any subsidiary or affiliate or any specific position or level of employment with the Company
or any subsidiary or affiliate or affect in any way the right of the Company or any subsidiary or affiliate to terminate your employment without prior notice at any time for any reason or no reason. 

 

	10.	ADMINISTRATION; UNFUNDED OBLIGATIONS 

 The Committee shall have full authority and discretion, subject only to the express terms of the Plan, to decide all matters relating to the administration and interpretation of the Plan and this
Agreement, and all such Committee determinations shall be final, conclusive, and binding upon the Company, any subsidiary or affiliate, you, and all interested parties. Any provision for distribution in settlement of your MSUs and other obligations
hereunder (including cash amounts set aside under Section 5(a)(i)) shall be by means of bookkeeping entries on the books of the Company and shall not create in you or any beneficiary any right to, or claim against any, specific assets of the
Company, nor result in the creation of any trust or escrow account for you or any beneficiary. You and any of your beneficiaries entitled to any settlement or distribution hereunder shall be a general creditor of the Company. 

 

	11.	DEEMED ACCEPTANCE 

 You
are required to accept the terms and conditions set forth in this Agreement prior to the first vest date in order for you to receive the Award granted to you hereunder. If you wish to decline this Award, you must reject this Agreement prior to the
first vest date. For your benefit, if you have not rejected the Agreement prior to the first vest date, you will be deemed to have automatically accepted this Award and all the terms and conditions set forth in this Agreement. Deemed acceptance will
allow the shares to be released to you in a timely manner. 

  
 11 

	12.	AMENDMENT TO PLAN 

 This
Agreement shall be subject to the terms of the Plan, as amended from time to time, except that, subject to Sections 19 and 22 below, the Award which is the subject of this Agreement may not be materially adversely affected by any amendment or
termination of the Plan approved after the Award Date without your written consent. 
  

	13.	SEVERABILITY AND VALIDITY 

The various provisions of this 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. 
  

	14.	GOVERNING LAW, JURISDICTION AND VENUE 

 This Agreement and Award grant shall be governed by the substantive laws (but not the choice of law rules) of the State of New York. For purposes of litigating any dispute that arises under this MSU grant
or Agreement, the parties hereby submit to and consent to the jurisdiction of the State of New York, agree that such litigation shall be conducted in the courts of New York, New York, or the federal courts for the United States for the Southern
District of New York, and no other courts where this MSU grant is made and/or performed. 
  

	15.	SUCCESSORS 

 This
Agreement shall be binding upon and inure to the benefit of the successors, assigns, and heirs of the respective parties. 
  

	16.	DATA PRIVACY 

 You
hereby explicitly and unambiguously consent to the collection, use and transfer, in electronic or other form, of your personal data as described in this Agreement by and among, as applicable, your Employer, the Company and its subsidiaries for the
exclusive purpose of implementing, administering and managing your participation in the Plan. 
 You understand
that the Company, any subsidiary and/or your Employer may hold certain personal information about you, including, but not limited to, your name, home address and telephone number, date of birth, social security number or other identification number,
salary, nationality, job title, any shares of stock or directorships held in the Company, details of all MSUs or any other entitlement to shares awarded, canceled, vested, unvested or outstanding in your favor, for the purpose of implementing,
administering and managing the Plan (“Data”). 
 You understand that Data may be transferred to Morgan
Stanley Smith Barney, or such other stock plan service provider as may be selected by the Company in the future, which assists in the implementation, administration and management of the Plan. You understand that the recipients of the Data may be
located in the United States or elsewhere, and that the recipient’s country (e.g. the United States) may have different data privacy laws and protections than your country. You understand that if you reside outside the United States, you may
request a list with the names and addresses of any potential recipients of the Data by contacting your local human resources representative. You authorize the Company, Morgan Stanley Smith Barney and other possible recipients which may assist the
Company (presently or in the future) with implementing, administering and managing the Plan to receive, possess, use, retain and transfer the Data, in electronic or other form, for the sole purpose of implementing, administering and managing your
participation in the Plan, including any requisite transfer of such Data as may be required to a broker, escrow agent or other third party with whom the shares of Common Stock received upon vesting of the MSUs may be deposited. You understand that
Data will be held only as long as is necessary to implement, administer and manage your participation in the Plan. You understand that if you reside outside the United States, you may, at any time, view Data, request additional information about the
storage and processing of Data, require any necessary amendments to Data 

  
 12 

 
or refuse or withdraw the consents herein, in any case without cost, by contacting your local human resources representative. Further, you understand that you are providing the consents herein on
a purely voluntary basis. If you do not consent, or if you later seek to revoke your consent, your employment status or service and career with the Employer will not be adversely affected; the only adverse consequence of refusing or withdrawing your
consent is that the Company would not be able to grant you MSUs or other equity awards or administer or maintain such awards. Therefore, you understand that refusing or withdrawing your consent may affect your ability to participate in the Plan. For
more information on the consequences of your refusal to consent or withdrawal of consent, you understand that you may contact your local human resources representative. 

 

	17.	ELECTRONIC DELIVERY AND ACCEPTANCE 

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

 

	18.	LANGUAGE 

 If you have
received this Agreement 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. 

 

	19.	COMPLIANCE WITH LAWS AND REGULATIONS 

 Notwithstanding any other provisions of the Plan or this Agreement, unless there is an available exemption from any registration, qualification or other legal requirement applicable to the shares of
Common Stock, you understand that the Company will not be obligated to issue any shares of Common Stock pursuant to the vesting of the MSUs, if the issuance of such Common Stock shall constitute a violation by you or the Company of any provision of
law or regulation of any governmental authority. Further, you agree that the Company shall have unilateral authority to amend the Plan and the Agreement without your consent to the extent necessary to comply with securities or other laws applicable
to issuance of shares. Any determination by the Company in this regard shall be final, binding and conclusive. 
  

	20.	ENTIRE AGREEMENT AND NO ORAL MODIFICATION OR WAIVER 

 This Agreement contains the entire understanding of the parties. This Agreement shall not be modified or amended except in writing duly signed by the parties, except that the Company may adopt a
modification or amendment to the Agreement that is not materially adverse to you in writing signed only by the Company. Any waiver of any right or failure to perform under this Agreement shall be in writing signed by the party granting the waiver
and shall not be deemed a waiver of any subsequent failure to perform. 
  

	21.	ADDENDUM 

 Your MSUs shall
be subject to any special provisions set forth in the Addendum to this Agreement for your country, if any. If you relocate to one of the countries included in the Addendum during the Restricted Period, the special provisions for such country shall
apply to you, to the extent the Company determines that the application of such provisions is necessary or advisable for legal or administrative reasons. The Addendum, if any, constitutes part of this Agreement. 

  
 13 

	22.	IMPOSITION OF OTHER REQUIREMENTS 

 The Company reserves the right to impose other requirements on your participation in the Plan, on the MSUs and on any shares of Common Stock acquired under the Plan, to the extent the Company determines
it is necessary or advisable for legal or administrative reasons, and to require you to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing. 

 

			
		 	 For the Company
  

Bristol-Myers Squibb Company

		
	By	 	 
		 	

 I have read this Agreement in its entirety. I understand that this Award has been granted to
provide a means for me to acquire and/or expand an ownership position in Bristol-Myers Squibb Company. I acknowledge and agree that sales of shares will be subject to the Company’s policies regulating trading by employees. In accepting this
Award, I hereby agree that Morgan Stanley Smith Barney, or such other vendor as the Company may choose to administer the Plan, may provide the Company with any and all account information for the administration of this Award. 

I hereby agree to all the terms, restrictions and conditions set forth in the Agreement. 

  
 14 

 Addendum 
 BRISTOL-MYERS SQUIBB COMPANY 
 SPECIAL PROVISIONS FOR MSUs IN CERTAIN
COUNTRIES 
 This Addendum includes special country-specific terms that apply to residents in the countries listed below. This Addendum is
part of the Agreement. Unless otherwise provided below, capitalized terms used but not defined herein shall have the same meanings assigned to them in the Plan and the Agreement. 
 This Addendum also includes information of which you should be aware with respect to your participation in the Plan. For example, certain individual exchange control reporting requirements may apply upon
vesting of the MSUs and/or sale of Common Stock. The information is based on the securities, exchange control and other laws in effect in the respective countries as of January 2013 and is provided for informational purposes. Such laws are often
complex and change frequently, and results may be different based on the particular facts and circumstances. As a result, the Company strongly recommends that you do not rely on the information noted herein as the only source of information relating
to the consequences of your participation in the Plan because the information may be out of date at the time your MSUs vest or are settled, or you sell shares of Common Stock acquired under the Plan. 

In addition, the information is general in nature and may not apply to your particular situation, and the Company is not in a position to assure you of
any particular result. Accordingly, you are advised to seek appropriate professional advice as to how the relevant laws in your country may apply to your situation. 
 Finally, if you are a citizen or resident of a country other than the one in which you currently are working, transfer employment after the MSUs are granted to you, or are considered a resident of another
country for local law purposes, the information contained herein for the country you are working in at the time of grant may not be applicable to you, and the Company shall, in its discretion, determine to what extent the terms and conditions
contained herein shall be applicable to you. If you transfer residency and/or employment to another country or are considered a resident of another country listed in the Addendum after the MSUs are granted to you, the terms and/or information
contained for that new country (rather than the original grant country) may be applicable to you. 
 Algeria 

Exchange Control Information. Proceeds from the sale of Common Stock and the receipt of any dividends must be repatriated to Algeria. 

 Argentina 

Securities Law Information. Neither the MSUs nor the underlying shares of Common Stock are publicly offered or listed on any stock exchange in
Argentina. The offer is private and not subject to the supervision of any Argentine governmental authority. 
 Exchange Control
Information. In the event that you transfer proceeds from the sale of shares of Common Stock or any cash dividends paid on such shares into Argentina within 10 days of receipt (i.e., if the proceeds have not been held in the offshore bank or
brokerage account for at least 10 days prior to transfer), you will be required to deposit 30% of any proceeds in a non-interest bearing deposit account for a 365 day holding period. In any event, the Argentine bank handling the transaction may
request certain documentation in connection with your request to transfer proceeds into Argentina, including evidence of the sale and proof that no funds were remitted out of Argentina to acquire the shares of Common Stock. If the bank determines
that the 10-day rule or any other rule or regulation promulgated by the Argentine Central Bank has not been satisfied, it may require that 30% of the proceeds be placed in a non-interest bearing dollar denominated mandatory deposit account for a
holding period of 365 days. Please note that exchange control regulations in Argentina are subject to frequent change. You are solely responsible for complying with any exchange control laws that may apply to you as a result of participating in the
Plan and/or the transfer of funds in connection with the award. You should consult with your personal legal advisor regarding any exchange control obligations that you may have. 

  
 15 

 Australia 
 Securities Law Information. If you acquire shares of Common Stock pursuant to your MSUs and you offer your shares of Common Stock for sale to a person or entity resident in Australia, your offer
may be subject to disclosure requirements under Australian law. You should obtain legal advice on your disclosure obligations prior to making any such offer. 
 Exchange Control Information. Exchange control reporting is required for cash transactions exceeding AUD10,000 and for international fund transfers. The Australian bank assisting with the
transaction will file the report for you. If there is no Australian bank involved in the transfer, you will have to file the report. 
 Austria 
 Exchange Control Information. If you hold shares of Common Stock purchased
under the Plan outside of Austria (even if you hold them outside of Austria at a branch of an Austrian bank), you will be required to submit a report to the Austrian National Bank as follows: (i) on a quarterly basis if the value of the Common
Stock as of any given quarter exceeds €30,000,000; and (ii) on an annual basis if the value of the Common Stock as of December 31 exceeds €5,000,000. 
 When shares of Common Stock are sold, there may be exchange control obligations if the cash proceeds from the sale are held outside Austria. If the transaction volume of all your cash accounts abroad
exceeds €3,000,000, the movements and the balance of all accounts must be reported monthly, as of the last day of the month, on or before the fifteenth day of the following month. If the transaction value of all cash accounts abroad is less
than €3,000,000, no ongoing reporting requirements apply. 
 Belgium 

Tax Reporting Information. If you are a Belgian resident, you are required to report any security or bank account (including brokerage accounts)
you maintain outside of Belgium on your annual tax return. 
 Brazil 

Compliance with Laws. By accepting the MSUs, you agree that you will comply with Brazilian law when you vest in the MSUs and sell shares of Common
Stock. You also agree to report and pay any and all taxes associated with the vesting of the MSUs, the sale of the shares of Common Stock acquired pursuant to the Plan and the receipt of any dividends or Dividend Equivalents. 

Exchange Control Information. You must prepare and submit a declaration of assets and rights held outside of Brazil to the Central Bank on an
annual basis if you hold assets or rights valued at more than US$100,000. The assets and rights that must be reported include shares of Common Stock. 
 Canada 
 Settlement of MSUs. Notwithstanding any terms or conditions of the Plan or
the Agreement to the contrary, MSUs will be settled in shares of Common Stock only, not cash. 
 Securities Law Information. You
acknowledge and agree that you will only sell shares of Common Stock acquired through participation in the Plan outside of Canada through the facilities of a stock exchange on which the Common Stock is listed. Currently, the shares of Common Stock
are listed on the New York Stock Exchange. 

  
 16 

 Termination of Employment. This provision replaces the second paragraph of Section 2(i)(v) of
the Agreement: 
 In the event of your termination of employment or other service relationship (for any reason whatsoever, whether or not later
found to be invalid or in breach of employment laws in the jurisdiction where you are employed or the terms of your employment agreement, if any), your right to vest in the MSUs will terminate effective as of the date that is the earlier of
(1) the date you are no longer actively providing service or (2) the date you receive notice of termination of employment from the Employer, regardless of any notice period or period of pay in lieu of such notice required under applicable
laws (including, but not limited to statutory law, regulatory law and/or common law); the Company shall have the exclusive discretion to determine when you are no longer actively employed for purposes of the MSUs. 

The following provisions apply if you are resident in Quebec: 
 Language Acknowledgment 
 The parties acknowledge that it is their express wish that this
Agreement, including this Addendum, as well as all documents, notices and legal proceedings entered into, given or instituted pursuant hereto or relating directly or indirectly hereto, be provided to them in English. 

Consentement relatif à la langue utilisée. Les parties reconnaissent avoir expressément souhaité que la convention
(«Agreement») ainsi que cette Annexe, ainsi que tous les documents, avis et procédures judiciares, éxécutés, donnés ou intentés en vertu de, ou liés directement ou
indirectement à la présente convention, soient rédigés en langue anglaise. 
 Data Privacy. This
provision supplements Section 16 of the Agreement: 
 You hereby authorize the Company, the Employer and their representatives to discuss
with and obtain all relevant information from all personnel, professional or not, involved in the administration and operation of the Plan. You further authorize the Company and its subsidiaries to disclose and discuss the Plan with their advisors.
You further authorize the Company and its subsidiaries to record such information and to keep such information in your employee file. 
 Chile 
 Securities Law Information. Neither the Company, the MSUs nor the shares of
Common Stock you may acquire upon vesting of your MSUs are registered with the Registry of Securities or under the control of the Chilean Superintendence of Securities. 
 Exchange Control and Tax Information. You are not required to repatriate proceeds obtained from the sale of Common Stock or from dividends to Chile; however, if you decide to repatriate proceeds
from the sale of Common Stock and/or dividends and the amount of the proceeds to be repatriated exceeds US$10,000, you acknowledge that you must effect such repatriation through the Formal Exchange Market (i.e., a commercial bank or
registered foreign exchange office). 
 Further, if the value of your aggregate investments held outside of Chile exceeds US$5,000,000
(including the value of Common Stock acquired under the Plan), you must report the status of such investments annually to the Central Bank using Annex 3.1 of Chapter XII of the Foreign Exchange Regulations. 

Finally, if you hold Common Stock acquired under the Plan outside of Chile, you must inform the Chilean Internal Revenue Service (the “CIRS”)
of the details of your investment in the Common Stock by Filing Tax Form 1851 “Annual Sworn Statement Regarding Investments Held Abroad”. Further, if you wish to receive credit against your Chilean income taxes for any taxes paid abroad,
you must report the payment of taxes abroad to the CIRS by filing Tax Form 1853 “Annual Sworn Statement Regarding Credits for Taxes Paid Abroad”. These statements must be submitted electronically through the CIRS website before
March 15 of each year. 

  
 17 

 China 
 The following provisions apply if you are subject to the exchange control regulations in China, as determined by the Company in its sole discretion: 

Settlement of MSUs and Sale of Common Stock. Due to local regulatory requirements, upon the vesting of the MSUs, you agree to the immediate sale of
any shares of Common Stock to be issued to you upon vesting and settlement of the MSUs. You further agree that the Company is authorized to instruct its designated broker to assist with the mandatory sale of such shares of Common Stock (on your
behalf pursuant to this authorization) and you expressly authorize the Company’s designated broker to complete the sale of such shares of Common Stock. You acknowledge that the Company’s designated broker is under no obligation to arrange
for the sale of the shares of Common Stock at any particular price. Upon the sale of the shares of Common Stock, the Company agrees to pay you the cash proceeds from the sale of the Common Stock, less any brokerage fees or commissions and subject to
any obligation to satisfy Tax Related Items. 
 Treatment of MSUs Upon Termination of Employment. Notwithstanding anything in the
Agreement to the contrary, any portion of shares of Common Stock that vests upon termination of your employment will be distributed to you no later than three months from the date of termination, as determined by the Company. If all or a portion of
your MSUs become distributable at some time following your termination of employment, that portion will vest and become distributable immediately upon termination of your employment. Any shares of Common Stock distributed to you according to this
paragraph will be sold immediately upon distribution, as described above. 
 Exchange Control Information. You understand and agree that,
to facilitate compliance with exchange control requirements, you will be required to immediately repatriate to China the cash proceeds from the immediate sale of the shares of Common Stock issued upon the vesting of the MSUs. You further understand
that, under local law, such repatriation of the cash proceeds will be effectuated through a special exchange control account established by the Company or its subsidiaries, and you hereby consent and agree that the proceeds from the sale of shares
of Common Stock acquired under the Plan may be transferred to such special account prior to being delivered to you. The Company may deliver the proceeds to you in U.S. dollars or local currency at the Company’s discretion. If the proceeds are
paid in U.S. dollars, you understand that you will be required to set up a U.S. dollar bank account in China so that the proceeds may be deposited into this account. If the proceeds are converted to local currency, there may be delays in delivering
the proceeds to you and due to fluctuations in the Common Stock trading price and/or the U.S. dollar/PRC exchange rate between the vesting/sale date and (if later) when the sale proceeds can be converted into local currency, the sale proceeds that
you receive may be more or less than the market value of the Common Stock on the vesting/sale date (which is the amount relevant to determining your tax liability). You agree to bear the risk of any currency fluctuation between the date the MSUs
vest and the date of conversion of the proceeds into local currency. 
 You further agree to comply with any other requirements that may
be imposed by the Company in the future to facilitate compliance with exchange control requirements in China. 
 Colombia

 Exchange Control Information. Investments in assets located outside of Colombia (including Common Stock) are subject to
registration with the Central Bank (Banco de la República) if the aggregate value of such investments is US$500,000 or more (as of December 31 of the applicable calendar year). Further, upon the sale of any Common Stock that you have
registered with the Central Bank, you must cancel the registration by March 31 of the following year. You may be subject to fines if you fail to cancel such registration. 

  
 18 

 Czech Republic 
 Exchange Control Information. The Czech National Bank may require you to fulfill certain notification duties in relation to the MSUs and the opening and maintenance of a foreign account. However,
because exchange control regulations change frequently and without notice, you should consult your personal legal advisor prior to the vesting of the MSUs and the sale of shares of Common Stock to ensure compliance with current regulations. It is
your responsibility to comply with any applicable Czech exchange control laws. 
 Denmark 

Stock Option Act. You acknowledge that you have received an Employer Statement in Danish. 

Exchange Control Information. If you establish an account holding shares of Common Stock or an account holding cash outside Denmark, you must
report the account to the Danish Tax Administration. The form may be obtained from a local bank. Please note that these obligations are separate from and in addition to the obligations described below. 

Securities/Tax Reporting Information. If you hold shares of Common Stock acquired under the Plan in a brokerage account with a broker or bank
outside Denmark, you are required to inform the Danish Tax Administration about the account. For this purpose, you must file a Form V (Erklaering V) with the Danish Tax Administration. Both you and the broker or bank must sign the Form V. By signing
the Form V, the broker or bank undertakes an obligation, without further request each year and not later than February 1 of the year following the calendar year to which the information relates, to forward information to the Danish Tax
Administration concerning the shares of Common Stock in the account. In the event that the applicable broker or bank with which the account is held does not wish to, or, pursuant to the laws of the country in question, is not allowed to assume such
obligation to report, you acknowledge that you are solely responsible for providing certain details regarding the foreign brokerage or bank account and any shares of Common Stock acquired at vesting and held in such account to the Danish Tax
Administration as part of your annual income tax return. By signing the Form V, you authorize the Danish Tax Administration to examine the account. A sample of the Form V can be found at the following website: www.skat.dk. 

In addition, if you open a brokerage account (or a deposit account with a U.S. bank), the brokerage account likely will be treated as a deposit account
because cash can be held in the account. Therefore, you likely must file a Form K (Erklaering K) with the Danish Tax Administration. The Form K must be signed both by you and by the applicable broker or bank where the account is held. By signing the
Form K, the broker/bank undertakes an obligation, without further request each year and not later than February 1 of the year following the calendar year to which the information relates, to forward information to the Danish Tax Administration
concerning the content of the account. In the event that the applicable financial institution (broker or bank) with which the account is held, does not wish to, or, pursuant to the laws of the country in question, is not allowed to assume such
obligation to report, you acknowledge that you are solely responsible for providing certain details regarding the foreign brokerage or bank account to the Danish Tax Administration as part of your annual income tax return. By signing the Form K, you
authorize the Danish Tax Administration to examine the account. A sample of the Form K can be found at the following website: www.skat.dk. 
 Ecuador 
 There are no country-specific provisions. 

Egypt 
 Exchange
Control Information. If you transfer funds into Egypt in connection with the MSUs, you are required to transfer the funds through a registered bank in Egypt. 

  
 19 

 European Union Member States 
 Retirement. The following provision supplements Section 2, 2(c) and 2(d) of the Agreement: 
 Notwithstanding the foregoing, if the EU Employment Equality Directive has been implemented in your country of employment or residence or if the Company receives a legal opinion that there has been a
legal judgment and/or legal development in your jurisdiction that likely would result in the favorable Retirement treatment that applies to the MSUs under the Plan being deemed unlawful and/or discriminatory, the provision above regarding
termination of employment due to Retirement shall not be applicable to you. 
 Finland 

There are no country specific provisions. 
 France 
 Language Acknowledgement 

En signant et renvoyant le présent document décrivant les termes et conditions de votre attribution, vous confirmez ainsi avoir lu et
compris les documents relatifs á cette attribution (le Plan et ce Contrat d’Attribution) qui vous ont été communiqués en langue anglaise. 
 By accepting your MSUs, you confirm having read and understood the documents relating to this grant (the Plan and this Agreement) which were provided to you in English. 

Exchange Control Information. If you import or export cash (e.g., sales proceeds received under the Plan) with a value equal to or
exceeding €10,000 and do not use a financial institution to do so, you must submit a report to the customs and excise authorities.
 If you
hold shares of Common Stock outside of France or maintain a foreign bank account, you are required to report such to the French tax authorities when filing your annual tax return. Failure to comply could trigger significant penalties.

 Germany 

Exchange Control Information. Cross-border payments in excess of €12,500 must be reported monthly to the German Federal Bank. In the event
that you make or receive a payment in excess of this amount, you are responsible for obtaining the appropriate form from the remitting bank and complying with applicable reporting requirements. 

Greece 
 There are no
country-specific provisions. 
 Hong Kong 
 Securities Law Information. Warning: The MSUs and any shares of Common Stock issued at vesting do not constitute a public offering of securities under Hong Kong law and are available only to
employees of the Company or its subsidiaries. The Agreement, including this Addendum, the Plan and other incidental communication materials have not been prepared in accordance with and are not intended to constitute a “prospectus” for a
public offering of securities under the applicable securities legislation in Hong Kong, nor have the documents been reviewed by any regulatory authority in Hong Kong. The MSUs are intended only for the personal use of each eligible employee of the
Employer, the Company or any subsidiary and may not be distributed to any other person. If you are in any doubt about any of the contents of the Agreement, including this Addendum, or the Plan, or any other incidental communication materials, you
should obtain independent professional advice.  

  
 20 

 Settlement of MSUs and Sale of Common Stock. Notwithstanding any terms or conditions of the Plan or
the Agreement to the contrary, MSUs will be settled in shares of Common Stock only, not cash. In addition, notwithstanding any terms or conditions of the Plan or the Agreement to the contrary, no shares of Common Stock acquired under the Plan can be
sold prior to six months from the Award Date. 
 Nature of Scheme. The Company specifically intends that the Plan will not be an
occupational retirement scheme for purposes of the Occupational Retirement Schemes Ordinance (“ORSO”).  

Hungary 
 There are no
country-specific provisions. 
 India 
 Exchange Control Information. You must repatriate all proceeds received from the sale of shares of Common Stock and any cash dividends to India within a reasonable time following the sale (i.e.,
within 90 days). You must maintain the foreign inward remittance certificate received from the bank where the foreign currency is deposited in the event that the Reserve Bank of India or the Company or the Employer requests proof of repatriation.
It is your responsibility to comply with applicable exchange control laws in India. 
 Effective April 1, 2012, you are required to
declare in your annual tax return (a) any foreign assets held by you or (b) any foreign bank accounts for which you have signing authority. 
 Ireland 
 Director Notification Obligation. If you are a director, shadow director,
or secretary of an Irish subsidiary, you are subject to certain notification requirements under the Companies Act, 1990. Among these requirements is an obligation to notify the Irish subsidiary in writing within five business days of receiving or
disposing of an interest (e.g., MSUs, Common Stock) in the Company and the number and class of shares of Common Stock or rights to which the interest relates, or within five business days of becoming aware of the event giving rise to the
notification requirement or within five days of becoming a director or secretary if such an interest exists at the time. This disclosure requirement also applies to any rights or shares of Common Stock acquired by your spouse or child(ren) (under
the age of 18). 
 Israel 
 Settlement of MSUs and Sale of Common Stock. Due to local regulatory requirements, upon the vesting of the MSUs, you agree to the immediate sale of any shares of Common Stock to be issued to you
upon vesting and settlement of the MSUs. You further agree that the Company is authorized to instruct its designated broker to assist with the mandatory sale of such shares of Common Stock (on your behalf pursuant to this authorization) and you
expressly authorize the Company’s designated broker to complete the sale of such shares of Common Stock. You acknowledge that the Company’s designated broker is under no obligation to arrange for the sale of the shares of Common Stock at
any particular price. Upon the sale of the shares of Common Stock, the Company agrees to pay you the cash proceeds from the sale of the Common Stock, less any brokerage fees or commissions and subject to any obligation to satisfy Tax Related Items.

 Italy 

Data Privacy Notice. This section replaces Section 16 of the Agreement: 
 You understand that the Company and the Employer are the privacy representatives of the Company in Italy and may hold certain personal information about you, including, but not limited to, your name, home
address and telephone number, date of birth, social insurance or other identification number, salary, nationality, job title, any shares of Common Stock or directorships held in the Company or any subsidiaries, details of all MSUs or any other
entitlement to Common Stock awarded, canceled, vested, 

  
 21 

 
unvested or outstanding in your favor, and that the Company and the Employer will process said data and other data lawfully received from third parties (“Personal Data”) for the
exclusive purpose of managing and administering the Plan and complying with applicable laws, regulations and Community legislation. You also understand that providing the Company with Personal Data is mandatory for compliance with laws and is
necessary for the performance of the Plan and that your denial to provide Personal Data would make it impossible for the Company to perform its contractual obligations and may affect your ability to participate in the Plan. You understand that
Personal Data will not be publicized, but it may be accessible by the Employer as the privacy representative of the Company and within the Employer’s organization by its internal and external personnel in charge of processing, and by Morgan
Stanley Smith Barney or any other data processor appointed by the Company. The updated list of processors and of the subjects to which Data are communicated will remain available upon request from the Employer. Furthermore, Personal Data may be
transferred to banks, other financial institutions or brokers involved in the management and administration of the Plan. You understand that Personal Data may also be transferred to the independent registered public accounting firm engaged by the
Company, and also to the legitimate addressees under applicable laws. You further understand that the Company and its subsidiaries will transfer Personal Data amongst themselves as necessary for the purpose of implementation, administration and
management of your participation in the Plan, and that the Company and its subsidiaries may each further transfer Personal Data to third parties assisting the Company in the implementation, administration and management of the Plan, including any
requisite transfer of Personal Data to Morgan Stanley Smith Barney or other third party with whom you may elect to deposit any shares of Common Stock acquired under the Plan or any proceeds from the sale of such Common Stock. Such recipients may
receive, possess, use, retain and transfer Personal Data in electronic or other form, for the purposes of implementing, administering and managing your participation in the Plan. You understand that these recipients may be acting as controllers,
processors or persons in charge of processing, as the case may be, according to applicable privacy laws, and that they may be located in or outside the European Economic Area, such as in the United States or elsewhere, in countries that do not
provide an adequate level of data protection as intended under Italian privacy law. 
 Should the Company exercise its discretion in suspending
all necessary legal obligations connected with the management and administration of the Plan, it will delete Personal Data as soon as it has accomplished all the necessary legal obligations connected with the management and administration of the
Plan. 
 You understand that Personal Data processing related to the purposes specified above shall take place under automated or non-automated
conditions, anonymously when possible, that comply with the purposes for which Personal Data is collected and with confidentiality and security provisions as set forth by applicable laws and regulations, with specific reference to Legislative Decree
no. 196/2003. 
 The processing activity, including communication, the transfer of Personal Data abroad, including outside of the European
Economic Area, as specified herein and pursuant to applicable laws and regulations, does not require your consent thereto as the processing is necessary to performance of law and contractual obligations related to implementation, administration and
management of the Plan. You understand that, pursuant to section 7 of the Legislative Decree no. 196/2003, you have the right at any moment to, including, but not limited to, obtain confirmation that Personal Data exists or not, access, verify its
contents, origin and accuracy, delete, update, integrate, correct, block or stop, for legitimate reason, the Personal Data processing. To exercise privacy rights, you should contact the Employer. Furthermore, you are aware that Personal Data will
not be used for direct marketing purposes. In addition, Personal Data provided can be reviewed and questions or complaints can be addressed by contacting your human resources department. 
 Plan Document Acknowledgment. By accepting the MSUs, you acknowledge that you have received a copy of the Plan, reviewed the Plan, the Agreement and this Addendum in their entirety and fully
understand and accept all provisions of the Plan, the Agreement and this Addendum. 
 In addition, you further acknowledge that you have read
and specifically and expressly approve without limitation the following clauses in the Agreement: Section 4 (Responsibility for Taxes); Section 7 (Acknowledgement of Nature of Plan and MSUs); Section 8 (No Advice Regarding Grant);
Section 9 

  
 22 

 
(Right to Continued Employment); Section 11 (Deemed Acceptance); Section 13 (Severability and Validity); Section 14 (Governing Law, Jurisdiction and Venue); Section 16 (Data
Privacy, as replaced by the above provision in this Addendum); Section 17 (Electronic Delivery and Acceptance); Section 18 (Language); Section 19 (Compliance with Laws and Regulations); Section 20 (Entire Agreement and No Oral
Modification or Waiver); Section 21 (Addendum); and Section 22 (Imposition of Other Requirements). 
 Additional Tax/Exchange
Control Information. You are required to report in your annual tax return: (a) any transfers of cash or Common Stock to or from Italy exceeding €10,000 or the equivalent amount in U.S. dollars; (b) any foreign investments or
investments (including proceeds from the sale of Common Stock acquired under the Plan) held outside of Italy exceeding €10,000 or the equivalent amount in U.S. dollars, if the investment may give rise to taxable income in Italy and (c) the
amount of the transfers to and from abroad which have had an impact during the calendar year on your foreign investments or investments held outside of Italy. Under certain circumstances, you may be exempt from requirement under (a) above if
the transfer or investment is made through an authorized broker resident in Italy. 
 Starting from 2011, a tax on the value of financial assets
held outside of Italy by Italian residents has been introduced. The tax will apply at an annual rate of 0.15% beginning in 2013. The taxable amount will be the fair market value of the financial assets, assessed at the end of the calendar year. For
the purposes of the market value assessment, the documentation issued by the Plan broker may be used. 
 Japan 

Offshore Assets Reporting Information. You will be required to report details of any assets (including any shares of Common Stock acquired under
the Plan) held outside of Japan as of December 31st of each year, to the extent such assets have a total net fair market value exceeding ¥50,000,000. Such report will be due by March 15th of the following year. You should consult with
your personal tax advisor as to whether the reporting obligation applies to you and whether you will be required to report details of any outstanding MSUs or shares of Common Stock held by you in the report. 

Korea 
 Exchange
Control Information. Korean residents who realize US$500,000 or more from the sale of shares of Common Stock or receipt of dividends in a single transaction are required to repatriate the proceeds to Korea within 18 months of receipt.

 Kuwait 

There are no country-specific provisions. 
 Luxembourg 
 Exchange Control Information. You are required to report any inward
remittances of funds to the Banque Central de Luxembourg and/or the Service Central de La Statistique et des Études Économiques within 15 working days following the month during which the transaction occurred. If a
Luxembourg financial institution is involved in the transaction, it generally will fulfill the reporting obligation on your behalf. 
 Mexico 
 Labor Law Policy and Acknowledgment. By accepting this Award, you expressly
recognize that the Company, with offices at 345 Park Avenue, New York, New York 10154, U.S.A., is solely responsible for the administration of the Plan and that your participation in the Plan and acquisition of shares does not constitute an
employment relationship between you and the Company since you are participating in the Plan on a wholly commercial basis and your sole employer is Bristol-Myers Squibb Company in Mexico (“BMS-Mexico”), not the Company in the United States.
Based on the foregoing, you expressly recognize that the Plan and the benefits that you may derive from participation in the Plan do not establish any 

  
 23 

 
rights between you and your employer, BMS-Mexico, and do not form part of the employment conditions and/or benefits provided by BMS-Mexico and any modification of the Plan or its termination
shall not constitute a change or impairment of the terms and conditions of your employment. 
 You further understand that your participation in
the Plan is as a result of a unilateral and discretionary decision of the Company; therefore, the Company reserves the absolute right to amend and/or discontinue your participation at any time without any liability to you. 

Finally, you hereby declare that you do not reserve to yourself any action or right to bring any claim against the Company for any compensation or
damages regarding any provision of the Plan or the benefits derived under the Plan, and you therefore grant a full and broad release to the Company, its subsidiaries, affiliates, branches, representation offices, its shareholders, officers, agents
or legal representatives with respect to any claim that may arise. 
 Política Laboral y
Reconocimiento/Aceptación. Aceptando este Premio1, el participante reconoce que la Compañía, with offices at 345 Park Avenue, New York, New York 10154, U.S.A., es el único responsable de la
administración del Plan y que la participación del Participante en el mismo y la adquisicion de acciones no constituye de ninguna manera una relación laboral entre el Participante y la Compañía, toda vez que la
participación del participante en el Plan deriva únicamente de una relación comercial con la Compañía, reconociendo expresamente que el único empleador del participante lo es Bristol-Myers Squibb Company en
Mexico (“BMS-Mexico”), no es la Compañía en los Estados Unidos. Derivado de lo anterior, el participante expresamente reconoce que el Plan y los beneficios que pudieran derivar del mismo no establecen ningún derecho
entre el participante y su empleador, BMS-México, y no forman parte de las condiciones laborales y/o prestaciones otorgadas por BMS-México, y expresamente el participante reconoce que cualquier modificación el Plan o la
terminación del mismo de manera alguna podrá ser interpretada como una modificación de los condiciones de trabajo del participante. 
 Asimismo, el participante entiende que su participación en el Plan es resultado de la decisión unilateral y discrecional de la Compañía, por lo tanto, la
Compañía. Se reserva el derecho absoluto para modificar y/o terminar la participación del participante en cualquier momento, sin ninguna responsabilidad para el participante. 

Finalmente, el participante manifiesta que no se reserva ninguna acción o derecho que origine una demanda en contra de la
Compañía, por cualquier compensación o daño en relación con cualquier disposición del Plan o de los beneficios derivados del mismo, y en consecuencia el participante otorga un amplio y total finiquito a la
Compañía, sus entidades relacionadas, afiliadas, sucursales, oficinas de representación, sus accionistas, directores, agentes y representantes legales con respecto a cualquier demanda que pudiera surgir. 

Netherlands 

Insider-Trading Notification. You should be aware of the Dutch insider-trading rules, which may impact the sale of shares of Common Stock issued
to you at settlement of the MSUs. In particular, you may be prohibited from effectuating certain transactions involving Common Stock if you have inside information about the Company. 
 Under Article 5:56 of the Dutch Financial Supervision Act, anyone who has “inside information” related to an issuing company is prohibited from effectuating a transaction in securities in or
from the Netherlands. “Inside information” is defined as knowledge of specific information concerning the issuing company to which the securities relate or the trade in securities issued by such company, which has not been made public and
which, if published, would reasonably be expected to affect the share price, regardless of the development of the price. The insider could be any employee of a subsidiary in the Netherlands who has inside information as described herein. 

 
  

	1	El término “Premio” se refiere a la palabra “Award.” 

  
 24 

 Given the broad scope of the definition of inside information, certain employees working at a subsidiary in
the Netherlands may have inside information and, thus, would be prohibited from effectuating a transaction in securities in the Netherlands at a time when they have such inside information. 
 By accepting the MSUs and the underlying shares of Common Stock, you acknowledge having read and understood the notification above and acknowledge that it is your responsibility to comply with the Dutch
insider trading rules, as discussed herein. 
 If you are uncertain whether the insider-trading rules apply to you, you should consult your
personal legal advisor. 
 Norway 
 There are no country-specific provisions. 
 Peru 

Securities Law Information. The grant of MSUs is considered a private offering in Peru; therefore, it is not subject to registration. 

Poland 
 Exchange
Control Information. Polish residents holding foreign securities (including shares of Common Stock) and maintaining accounts abroad must report information to the National Bank of Poland. Specifically, if the aggregate value of shares and cash
held in such foreign accounts exceeds PLN 7 million, Polish residents must file reports on the transactions and balances of the accounts on a quarterly basis on special forms that are available on the website of the National Bank of Poland. In
addition, Polish residents are required to transfer funds (i.e., in connection with the sale of shares of Common Stock) through a bank account in Poland if the transferred amount in any single transaction exceeds a specified threshold
(currently €15,000). If you are a Polish resident, you must also store all documents connected with any foreign exchange transactions you engage in for a period of five years, as measured from the end of the year in which such transaction
occurred. You should consult with your personal legal advisor to determine what you must do to fulfill any applicable reporting duties. 
 Portugal 
 Language Consent. You hereby expressly declare that you have full
knowledge of the English language and have read, understood and fully accepted and agreed with the terms and conditions established in the Plan and the Agreement. 
 Conhecimento da Lingua. Você expressamente declara ter pleno conhecimento do idioma inglês e ter lido, entendido e totalmente aceito e concordou com os termos e condições
estabelecidas no plano e no acordo. 
 Exchange Control Information. If you acquire shares of Common Stock under the Plan and do not
hold the shares with a Portuguese financial intermediary, you may need to file a report with the Portuguese Central Bank. If the shares are held by a Portuguese financial intermediary, it will file the report for you. 

Puerto Rico 
 There are
no country-specific provisions. 
 Romania 
 Exchange Control Information. If you deposit the proceeds from the sale of your shares of Common Stock in a bank account in Romania, you may have to provide the Romanian bank through which the
operations are effected with appropriate documentation regarding the receipt of the income. You should consult with a personal legal advisor to determine whether you will be required to submit such documentation to the Romanian bank. 

  
 25 

 Russia 
 Exchange Control Information. You acknowledge that you must repatriate the proceeds from the sale of shares of Common Stock and any dividends/Dividend Equivalents received in relation to the MSUs
within a reasonably short time of receipt. Such amounts must be initially credited to you through a foreign currency account opened in your name at an authorized bank in Russia. After the funds are initially received in Russia, they may be further
remitted to foreign banks subject to the following limitations: (i) the foreign account may be opened only for individuals; (ii) the foreign account may not be used for business activities; and (iii) you must give notice to the
Russian tax authorities about the opening/closing of each foreign account within one month of the account opening/closing. 
 Securities Law
Information. These materials do not constitute advertising or an offering of securities in Russia nor do they constitute placement of the shares of Common Stock in Russia. The issuance of Common Stock pursuant to the MSUs described herein has
not and will not be registered in Russia and hence, the shares of Common Stock described herein may not be admitted or used for offering, placement or public circulation in Russia. 
 U.S. Transaction. Any shares of Common Stock issued pursuant to the MSUs shall be delivered to you through a brokerage account in the U.S. You may hold shares of Common Stock in your brokerage
account in the U.S.; however, in no event will shares issued to you and/or share certificates or other instruments be delivered to you in Russia. You are not permitted to make any public advertising or announcements regarding the MSUs or Common
Stock in Russia, or promote these shares to other Russian legal entities or individuals, and you are not permitted to sell or otherwise dispose of Common Stock directly to other Russian legal entities or individuals. You are permitted to sell shares
of Common Stock only on the New York Stock Exchange and only through a U.S. broker. 
 Data Privacy Consent. This section replaces
Section 16 of the Agreement: 
 You hereby explicitly and unambiguously consent to the collection, use and transfer, in electronic or other
form, of your personal data as described in this Agreement by and among, as applicable, your Employer, the Company and its subsidiaries for the exclusive purpose of implementing, administering and managing your participation in the Plan. 

You understand that the Company, any subsidiary and/or your Employer may hold certain personal information about you, including, but not limited to, your
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 MSUs or any other entitlement to
shares awarded, canceled, vested, unvested or outstanding in your favor, for the purpose of implementing, administering and managing the Plan (“Data”). 
 You understand that Data may be transferred to Morgan Stanley Smith Barney, or such other stock plan service provider as may be selected by the Company in the future, which assists in the implementation,
administration and management of the Plan. You understand that the recipients of the Data may be located in the United States or elsewhere, and that the recipient’s country (e.g., the United States) may have different data privacy laws and
protections than your country. You understand that if you reside outside the United States, you may request a list with the names and addresses of any potential recipients of the Data by contacting the International Compensation and Benefits Group.
You authorize the Company, Morgan Stanley Smith Barney and other possible recipients which may assist the Company (presently or in the future) with implementing, administering and managing the Plan to receive, possess, use, retain and transfer the
Data, in electronic or other form, for the sole purpose of implementing, administering and managing your participation in the Plan, including any requisite transfer of such Data as may be required to a broker, escrow agent or other third party with
whom the shares of Common Stock received upon vesting of the MSUs may be deposited. You understand that Data will be held only as long 

  
 26 

 
as is necessary to implement, administer and manage your participation in the Plan. You understand that if you reside outside the United States, you may, at any time, view Data, request
additional information about the storage and processing of Data, require any necessary amendments to Data or refuse or withdraw the consents herein, in any case and without cost, by contacting in writing the International Compensation and Benefits
Group. Further, you understand that you are providing the consents herein on a purely voluntary basis. If you do not consent, or if you later seek to revoke your consent, your employment status or service and career with the Employer will not be
adversely affected; the only adverse consequence of refusing or withdrawing your consent is that the Company would not be able to grant you MSUs or other equity awards or administer or maintain such awards. Therefore, you understand that refusing or
withdrawing your consent may affect your ability to participate in the Plan. For more information on the consequences of your refusal to consent or withdrawal of consent, you understand that you may contact the International Compensation and
Benefits Group. 
 Labor Law Information. You acknowledge that if you continue to hold shares of Common Stock acquired under the Plan
after an involuntary termination of your employment, you will not be eligible to receive unemployment benefits in Russia. 

Saudi Arabia 

Securities Law Information. This document may not be distributed in the Kingdom except to such persons as are permitted under the Offers of
Securities Regulations issued by the Capital Market Authority. 
 The Capital Market Authority does not make any representation as to the
accuracy or completeness of this document, and expressly disclaims any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this document. Prospective purchasers of the securities offered hereby should conduct
their own due diligence on the accuracy of the information relating to the securities. If you do not understand the contents of this document you should consult an authorized financial advisor. 

Singapore 
 Securities
Law Information. The grant of MSUs is being made in reliance of section 273(1)(f) of the Securities and Futures Act (Chap. 289) (“SFA”) for which it is exempt from the prospectus and registration requirements under the
SFA. The Plan has not been lodged or registered as a prospectus with the Monetary Authority of Singapore. You should note that the MSUs are subject to section 257 of the SFA and you will not be able to make (i) any subsequent sale of the shares
of Common Stock in Singapore or (ii) any offer of such subsequent sale of the shares of Common Stock subject to the MSUs in Singapore, unless such sale or offer is made pursuant to the exemptions under Part XIII Division (1) Subdivision
(4) (other than section 280) of the SFA (Chapter 289, 2006 Ed.). 
 Director Notification Requirement. If you are a director,
associate director or shadow director of a Singapore company, you are subject to certain notification requirements under the Singapore Companies Act. Among these requirements is an obligation to notify the Singapore company in writing when you
receive an interest (e.g., MSUs, Common Stock) in the Company or any related companies. In addition, you must notify the Singapore company when you sell shares of the Company or any related company (including when you sell shares of
Common Stock acquired pursuant to your MSUs). These notifications must be made within two business days of acquiring or disposing of any interest in the Company or any related company. In addition, a notification must be made of your interests in
the Company or any related company within two business days of becoming a director. 
 Insider Trading Notification. You should be aware
of the Singapore insider trading rules, which may impact the acquisition or disposal of shares or rights to shares of Common Stock under the Plan. Under the Singapore insider trading rules, you are prohibited from acquiring or selling shares of
Common Stock or rights to shares of Common Stock (e.g., MSUs under the Plan) when you are in possession of information which is not generally available and which you know or should know will have a material effect on the price of Common Stock
once such information is generally available. 

  
 27 

 South Africa 
 Exchange Control Information. You are solely responsible for complying with applicable South African exchange control regulations. Because the exchange control regulations change frequently and
without notice, you should consult your legal advisor prior to the acquisition or sale of shares of Common Stock under the Plan to ensure compliance with current regulations. As noted, it is your responsibility to comply with South African exchange
control laws, and neither the Company nor the Employer will be liable for any fines or penalties resulting from failure to comply with applicable laws. 
 Spain 
 Exchange Control Information. To participate in the Plan, you must comply
with exchange control regulations in Spain. When receiving foreign currency payments exceeding €50,000 derived from the ownership of shares of Common Stock issued pursuant to the MSUs (i.e., dividends, Dividend Equivalents or sale
proceeds), you must inform the financial institution receiving the payment of the basis upon which such payment is made. You will need to provide the institution with the following information: (i) your name, address, and fiscal identification
number; (ii) the name and corporate domicile of the Company; (iii) the amount of the payment and the currency used; (iv) the country of origin; (v) the reasons for the payment; and (vi) further information that may be
required. 
 If you acquire shares of Common Stock issued pursuant to the MSUs and wish to import the ownership title of such shares
(i.e., share certificates) into Spain, you must declare the importation of such securities to the Spanish Direccion General de Política Comercial y de Inversiones Extranjeras (the “DGPCIE”). Generally, the declaration
must be made in January for shares of Common Stock acquired or sold during (or owned as of December 31 of) the prior year; however, if the value of shares acquired or sold exceeds €1,502,530 (or you hold 10% or more of the share capital of
the Company or such other amount that would entitle you to join the Company’s board of directors), the declaration must be filed within one month of the acquisition or sale, as applicable. In addition, you also must file a declaration of
ownership of foreign securities with the Directorate of Foreign Transactions each January. 
 Further, effective January 1, 2013, to the
extent that you hold assets (e.g., cash or shares of Common Stock held in a bank or brokerage account) or rights (e.g., the MSUs) outside of Spain with a value in excess of €20,000 (on a per-asset basis) as of December 31 each year, you
will be required to report information on such rights and assets on your tax return for such year. 
 Labor Law Acknowledgment. This
provision supplements Sections 2(h) and 7 of the Agreement: 
 By accepting the MSUs, you consent to participation in the Plan and
acknowledge that you have received a copy of the Plan document. 
 You understand and agree that, as a condition of the grant of the MSUs,
except as provided for in Section 2 of the Agreement, your termination of employment for any reason (including for the reasons listed below) will automatically result in the forfeiture of any MSUs that have not vested on the date of your
termination. 
 In particular, you understand and agree that, unless otherwise provided in the Agreement, the MSUs will be forfeited without
entitlement to the underlying shares of Common Stock or to any amount as indemnification in the event of a termination of your employment prior to vesting by reason of, including, but not limited to: resignation, disciplinary dismissal adjudged to
be with cause, disciplinary dismissal adjudged or recognized to be without cause, individual or collective layoff on objective grounds, whether adjudged to be with cause or adjudged or recognized to be without cause, material modification of the
terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer, and under Article 10.3 of Royal Decree
1382/1985. 

  
 28 

 Furthermore, you understand that the Company has unilaterally, gratuitously and discretionally decided to
grant MSUs under the Plan to individuals who may be employees of the Company or a subsidiary. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind
the Company or any subsidiary on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, you understand that the MSUs are granted on the assumption and condition that the MSUs and the shares of Common Stock underlying the
MSUs shall not become a part of any employment or service contract (either with the Company, the Employer or any subsidiary) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other
right whatsoever. In addition, you understand that the MSUs would not be granted to you but for the assumptions and conditions referred to above; thus, you acknowledge and freely accept that, should any or all of the assumptions be mistaken or
should any of the conditions not be met for any reason, then any Award of MSUs shall be null and void. 
 Securities Law Information. The
MSUs and the Common Stock described in the Agreement and this Addendum do not qualify under Spanish regulations as securities. No “offer of securities to the public,” as defined under Spanish law, has taken place or will take place in the
Spanish territory. The Agreement (including this Addendum) has not been nor will it be registered with the Comisión Nacional del Mercado de Valores, and does not constitute a public offering prospectus. 

Sweden 
 There are no
country-specific provisions. 
 Switzerland 
 Securities Law Information. The MSUs offered are considered a private offering in Switzerland; therefore, they are not subject to registration in Switzerland. 

Taiwan 
 Exchange
Control Information. You may remit foreign currency (including proceeds from the sale of Common Stock) into or out of Taiwan up to US$5,000,000 per year without special permission. If the transaction amount is TWD500,000 or more in a single
transaction, you must submit a Foreign Exchange Transaction Form to the remitting bank and provide supporting documentation to the satisfaction of the remitting bank. 
 Thailand 
 Exchange Control Information. If the proceeds from the sale of shares of
Common Stock or the receipt of dividends are equal to or greater than US$50,000 or more in a single transaction, you must repatriate the proceeds to Thailand immediately upon receipt and convert the funds to Thai Baht or deposit the proceeds in a
foreign currency deposit account maintained by a bank in Thailand within 360 days of remitting the proceeds to Thailand. In addition you must report the inward remittance to the Bank of Thailand on a foreign exchange transaction form. If you fail to
comply with these obligations, you may be subject to penalties assessed by the Bank of Thailand. Because exchange control regulations change frequently and without notice, you should consult your personal advisor before selling shares of Common
Stock to ensure compliance with current regulations. You are responsible for ensuring compliance with all exchange control laws in Thailand, and neither the Company nor any of its subsidiaries will be liable for any fines or penalties resulting from
your failure to comply with applicable laws. 
 Tunisia 
 Securities Law Information. All proceeds from the sale of shares of Common Stock must be repatriated to Tunisia. You should consult your personal advisor before taking action with respect to
remittance of proceeds into Tunisia. You are responsible for ensuring compliance with all exchange control laws in Tunisia. In addition, if you hold assets abroad in excess of a certain amount, you must report the assets to the Central Bank of
Tunisia. 

  
 29 

 Turkey 
 Securities Law Information. Under Turkish law, you are not permitted to sell shares of Common Stock acquired under the Plan in Turkey. The shares of Common Stock are currently traded on the New
York Stock Exchange, which is located outside of Turkey, under the ticker symbol “BMY” and the shares of Common Stock may be sold through this exchange. 
 United Arab Emirates 
 Securities Law Information. The Plan is only being offered to
qualified employees and is in the nature of providing equity incentives to employees of the Company or its subsidiary or affiliate in the UAE. Any documents related to the Plan, including the Plan, Plan prospectus and other grant documents
(“Plan Documents”), are intended for distribution only to such employees and must not be delivered to, or relied on by, any other person. Prospective purchasers of the securities offered should conduct their own due diligence on the
securities. If you do not understand the contents of the Plan Documents, you should consult an authorized financial adviser. 
 The Emirates
Securities and Commodities Authority has no responsibility for reviewing or verifying any Plan Documents nor taken steps to verify the information set out in them, and thus, are not responsible for such documents. 

United Kingdom 

Responsibility for Taxes. This provision supplements Section 4 of the Agreement: 
 You agree that, if you do not pay or the Employer or the Company does not withhold from you the full amount of Tax-Related Items that you owe at vesting and settlement of the MSUs, or the release or
assignment of the MSUs for consideration, or the receipt of any other benefit in connection with the MSUs (the “Taxable Event”) within 90 days after the Taxable Event, or such other period specified in Section 222(1)(c) of the U.K.
Income Tax (Earnings and Pensions) Act 2003, then the amount of income tax that should have been withheld shall constitute a loan owed by you to the Employer, effective 90 days after the Taxable Event. You agree that the loan will bear interest at
Her Majesty’s Revenue & Customs’ (“HMRC”) official rate and will be immediately due and repayable by you, and the Company and/or the Employer may recover it at any time thereafter by withholding the funds from salary,
bonus or any other funds due to you by the Employer, by withholding in shares of Common Stock issued upon vesting of your MSUs or from the cash proceeds from the sale of shares of Common Stock or by demanding cash or a cheque from you. You also
authorize the Company to delay the issuance of any shares of Common Stock unless and until the loan is repaid in full. 
 Notwithstanding the
foregoing, if you are an officer or executive director (as within the meaning of Section 13(k) of the U.S. Securities Exchange Act of 1934, as amended), the terms of the immediately foregoing provision will not apply. In the event that you are
an officer or executive director and the income tax that is due is not collected from or paid by you within 90 days of the Taxable Event, the amount of any uncollected income tax may constitute a benefit to you on which additional income tax and
national insurance contributions may be payable. You will be responsible for reporting and paying any income tax due on this additional benefit directly to the HMRC under the self-assessment regime and for reimbursing the Company or the Employer (as
appropriate) for the value of any employee national insurance contributions due on this additional benefit. 
 Venezuela

 Securities Law Information. The MSUs granted under the Plan and the shares of Common Stock issued under the Plan are offered as a
personal, private, exclusive transaction and are not subject to Venezuelan securities regulations. 

  
 30 

 Exchange Control Information. Exchange control restrictions may limit the ability to remit funds out
of Venezuela in order to receive shares of Common Stock upon vesting of the MSUs, or remit funds into Venezuela following the sale of shares of Common Stock acquired upon vesting of the MSUs. The Company reserves the right to restrict settlement of
the MSUs or to amend or cancel the MSUs at any time in order to comply with applicable exchange control laws in Venezuela. Any shares of Common Stock acquired under the Plan are intended to be an investment rather than for the resale and conversion
of the shares into foreign currency. You are responsible for complying with exchange control laws in Venezuela and neither the Company nor the Employer will be liable for any fines or penalties resulting from your failure to comply with applicable
laws. Because exchange control laws and regulations change frequently and without notice, you should consult with you personal legal advisor before accepting the MSUs and before selling any shares of Common Stock acquired upon vesting of the MSUs to
ensure compliance with current regulations. 

  
 31EX-10.ww

 Exhibit 10ww 
 BRISTOL-MYERS SQUIBB COMPANY 
 BENEFIT EQUALIZATION PLAN—RETIREMENT INCOME
PLAN 
 (as amended and restated effective as of January 1, 2012) 

 TABLE OF CONTENTS 

 

									
	 	  	 	  	 	  	Page	 
	I.	  	DEFINITIONS	  	 	1	  
			
	II.	  	PURPOSE AND HISTORY OF THE PLAN	  	 	4	  
			
	III.	  	ELIGIBILITY AND PARTICIPATION IN THE PLAN	  	 	6	  
		  	A.	  	Eligible Participants	  	 	6	  
		  	B.	  	Cessation of Participation	  	 	6	  
			
	IV.	  	CALCULATION OF BENEFITS	  	 	6	  
		  	A.	  	Amount of BEP Benefit	  	 	6	  
		  	B.	  	Service Limitations	  	 	7	  
		  	C.	  	Actuarial Assumptions	  	 	7	  
			
	V.	  	VESTING	  	 	8	  
			
	VI.	  	TIME AND FORM OF PAYMENT OF BENEFITS	  	 	8	  
		  	A.	  	Separation From Service Prior to January 1, 1993	  	 	8	  
		  	B.	  	Separation From Service After 1992 and Prior to 2001	  	 	8	  
		  	C.	  	Separation From Service After 2000 and Prior to January 1, 2005	  	 	9	  
		  	D.	  	Separation From Service on or After January 1, 2005 and Prior to January 1, 2007	  	 	10	  
		  	E.	  	Separation From Service After 2006	  	 	12	  
		  	F.	  	De Minimis Lump Sum	  	 	16	  
		  	G.	  	Specified Employees	  	 	16	  
		  	H.	  	Payment of Benefits in the Event of the Participant’s Death	  	 	17	  
		  	I.	  	Other Permissible Payment Events	  	 	19	  
		  	J.	  	No Post-Separation Elections	  	 	19	  
		  	K.	  	Reemployment	  	 	19	  
			
	VII.	  	ADMINISTRATION OF THE PLAN	  	 	20	  
		  	A.	  	Administration	  	 	20	  
		  	B.	  	Delegation	  	 	20	  
		  	C.	  	Limitation of Liability	  	 	20	  
		  	D.	  	Indemnification	  	 	21	  
		  	E.	  	Claims Procedure	  	 	21	  
		  	F.	  	Statute of Limitations	  	 	21	  
		  	G.	  	Expense	  	 	21	  
			
	VIII.	  	GENERAL PROVISIONS	  	 	21	  
		  	A.	  	Termination of the Plan	  	 	21	  
		  	B.	  	Plan Not a Contract of Employment	  	 	22	  
		  	C.	  	Amendment	  	 	22	  
		  	D.	  	Funding	  	 	22	  
		  	E.	  	Withholding Taxes	  	 	23	  
		  	F.	  	Compliance with Code Section 409A	  	 	23	  
		  	G.	  	Construction	  	 	24	  
		  	H.	  	Successors and Assigns	  	 	25	  
			
	IX.	  	EFFECTIVE DATE	  	 	25	  

  
 -i-

 TABLE OF CONTENTS 

(continued) 
  

									
	 	  	 	  	 	  	Page	 
	X.	  	SPECIAL PROVISIONS RELATING TO THE SPIN-OFF OF U.S. MEAD JOHNSON TRANSFERRED EMPLOYEES	  	 	25	  
		  	A.	  	Introduction	  	 	25	  
		  	B.	  	Effective Date	  	 	26	  
		  	C.	  	Applicability	  	 	26	  
		  	D.	  	Plan Spin-off	  	 	26	  
		  	E.	  	Eligibility to Participate in the Plan	  	 	26	  
		  	F.	  	Credited Service	  	 	27	  
		  	G.	  	Final Average Compensation	  	 	27	  
		  	H.	  	No Benefit Payable Hereunder	  	 	27	  
		  	I.	  	Rehires	  	 	27	  
		  	J.	  	No Separation from Service	  	 	28	  

  
 -ii-

 BRISTOL-MYERS SQUIBB COMPANY 

BENEFIT EQUALIZATION PLAN—RETIREMENT INCOME PLAN 
 (as amended and restated effective as of January 1, 2012) 
 I. DEFINITIONS.

 Unless the context or subject matter otherwise requires, the definitions set forth in this Section I shall govern in this
Plan (as herein defined). Notwithstanding anything herein to the contrary, to the extent capitalized terms in this Plan conflict with such terms in either of the Retirement Plans (as herein defined), the terms of the Retirement Plans shall control.

 “Beneficiary” shall mean the person entitled to receive payments under the Plan in the event of the
Participant’s death, determined in accordance with Section VI.H. 
 “BEP Benefit(s)” or
“Benefit(s)” shall mean the benefit described in Section IV.A. of this Plan. 
 “BEP—Savings
Plan” shall mean the Bristol-Myers Squibb Company Benefit Equalization Plan—Savings and Investment Program, as amended from time to time. For periods on and after April 1, 2011, references to BEP—Savings Plan with respect to
any Participant who is a participant in the Puerto Rico Plan shall mean the Bristol-Myers Squibb Puerto Rico, Inc. Benefit Equalization Plan—Savings and Investment Program. 

“BEP Election Rules” shall mean the rules set forth in Section VI.E.5(b) of the Plan. 

“BMS Pharma Plan” shall mean the Bristol-Myers Squibb Pharma Company Pension and Retirement Plan, as amended from time
to time. 
 “BMS Pharma Puerto Rico Plan” shall mean the Bristol-Myers Squibb Holdings Pharma, Ltd. Pension and
Retirement Plan, as amended from time to time. 
 “Claims Appeal Guidelines” shall mean the Administrative
Procedures for Defined Benefit Plan Claims and Appeals, attached hereto as Exhibit A, and as amended from time to time. 

“Code” shall mean the Internal Revenue Code of 1986, as amended. References to provisions of the Code shall, in
connection with the Puerto Rico Plan, include their applicable counterparts in the Puerto Rico Code and the regulations thereunder. 

  
 Bristol-Myers Squibb Company

 Benefit Equalization Plan – Retirement Income Plan 
 (Effective as of January 1, 2012) 
  
 1 

 “Company” shall mean Bristol-Myers Squibb Company and any successor or
successors thereof. 
 “Compensation Committee” shall mean the Compensation and Management Development
Committee of the Board of Directors of the Company. 
 “Credited Service” shall have the meaning set forth for
such term in the Retirement Income Plan or the Puerto Rico Plan, as applicable. Notwithstanding any provision to the contrary, the Plan shall not recognize as Credited Service any period of service a Participant provides after December 31,
2009. 
 “Early Retirement Date” shall have the meaning set forth for such term in the Retirement Income Plan
or the Puerto Rico Plan, as applicable. 
 “ERISA” shall mean the Employee Retirement Income Security Act of
1974, as amended. 
 “Final Average Compensation” shall have the meaning set forth for such term in the
Retirement Income Plan or the Puerto Rico Plan, as applicable. Notwithstanding any provision to the contrary, a Participant’s Final Average Compensation shall be determined as of the earlier of (1) the date of the Participant’s
Separation From Service, or (2) December 31, 2014 and no amounts paid to or received by a Participant after December 31, 2014 shall be taken into account for any purpose. 

“Normal Retirement Date” shall mean the first day of the month coinciding with or next following the Participant’s
65th birthday. 
 “Participant” shall mean each participant in this Plan, as determined in accordance with
Section III. Notwithstanding any provision to the contrary, no individual who is not a Participant as of December 31, 2014 shall be eligible to become or shall become a Participant in this Plan. 

“Participating Employer” shall mean any corporation participating in either of the Retirement Plans. 

“Pension Committee” shall mean the committee appointed by the Compensation Committee to administer this Plan. The
Pension Committee shall serve as Plan Administrator of the Plan. 
 “Performance Incentive Plan” shall mean the
Bristol-Myers Squibb Company Performance Incentive Plan, as amended from time to time, and any successor annual incentive plan covering employees graded at E level (or a successor designation to E level) or higher. 

“Pharma Non-Qualified Plans” shall mean collectively the Bristol-Myers Squibb Pharma Company Pension Restoration Plan,
the Bristol-Myers Squibb Pharma Company Retirement Restoration Plan and the Bristol-Myers Squibb Pharma Company Supplemental Retirement Income Plan. 

  
 Bristol-Myers Squibb Company

 Benefit Equalization Plan – Retirement Income Plan 
 (Effective as of January 1, 2012) 
  
 2 

 “Plan” shall mean the Bristol-Myers Squibb Company Benefit Equalization
Plan—Retirement Income Plan, as amended and restated herein, and as amended from time to time. 
 “Puerto Rico
Code” shall mean the Internal Revenue Code for a New Puerto Rico, as may be amended from time to time and any applicable regulation thereunder and any successor thereto. 

“Puerto Rico Plan” shall mean the Bristol-Myers Squibb Puerto Rico, Inc. Retirement Income Plan, and as amended from
time to time. 
 “Regular Full-Time Employee” shall have the meaning set forth for such term in the Retirement
Income Plan or the Puerto Rico Plan, as applicable, and as amended from time to time. 
 “Retirement Income
Plan” shall mean the Bristol-Myers Squibb Company Retirement Income Plan, and as amended from time to time. 

“Retirement Plans” shall mean collectively the Retirement Income Plan and the Puerto Rico Plan. 

“Rule of 70 Eligible” shall mean that the Participant satisfies each and every one of the following requirements:

 (1) The Participant had an involuntary Separation From Service from the Company or an affiliate with respect to which the
Participant is eligible for benefits under a Company-sponsored severance plan or agreement. 
 (2) As of the Participant’s
Separation From Service, the Participant had completed at least ten Years of Service. 
 (3) As of the Participant’s
Separation From Service, the Participant has combined whole and partial years of age and years of employment (measured from the Participant’s date of hire to Separation From Service), the sum of which, rounded up to the next higher whole
number, equals at least 70. 
 (4) As of the Participant’s Separation From Service, the Participant is not eligible to
retire under an applicable Retirement Plan. 
 (5) The Participant executed a timely general release of claims against the
Company in a form provided by the Company (which may be in the form of a letter agreement or otherwise) and did not revoke it (directly or indirectly) prior to the expiration of the period for revocation. For avoidance of uncertainty, failure for
any 

  
 Bristol-Myers Squibb Company

 Benefit Equalization Plan – Retirement Income Plan 
 (Effective as of January 1, 2012) 
  
 3 

 
reason to provide an executed general release in the form provided by the Company within the time period for doing so shall be deemed a refusal to do so (such requirements being the “Release
Requirements”). 
 “Savings and Investment Program” shall mean the Bristol-Myers Squibb Company Savings
and Investment Program, and as amended from time to time. 
 “Separation From Service” shall mean a
Participant’s voluntary or involuntary severance of employment with the Company and Participating Employers, except by reason of temporary absence, provided that, except for purposes of Section III.B., Separation From Service
shall not include death or transfer to an affiliate or subsidiary of the Company that is not a Participating Employer; and further provided, that for purposes of Sections VI.D, VI.E, VI.F, and VI.G, a Separation From Service shall not occur
until the date that a Participant experiences a “separation from service” from the Company (and all of the members of the controlled group of the Company within the meaning of Code section 414(b) and (c)), within the meaning of Code
section 409A(a)(2)(A)(i) and (1) IRS Notice 2005-1 and proposed Treasury Regulation section 1.409A-1(h), for periods after December 31, 2004 but prior to April 17, 2007; or (2) final Treasury Regulation section 1.409A-1(h), for
periods after April 17, 2007. 
 “Specified Employee” shall mean a “specified employee” as
determined by the Pension Committee or its designee in accordance with Code section 409A(a)(2)(B)(i). 
 “Squibb
Plan” shall mean the Squibb Corporation Supplementary Pension Plan. 
 “Year(s) of Service” shall have
the meaning set forth for such term in the applicable Retirement Plan. 
 II. PURPOSE AND HISTORY OF THE PLAN. 

The purpose of this Plan is to provide benefits for certain employees participating in the Retirement Income Plan or the Puerto Rico Plan
whose benefits under the Retirement Plans are or will be limited by application of sections 401(a)(17) and 415 of the Code or who participate in the Performance Incentive Plan. The Plan is intended to be an unfunded “excess benefit plan”
as that term is defined in Section 3(36) of ERISA to the extent that it provides benefits in excess of the limitations on benefits imposed by section 415 of the Code with respect to a Participant under the applicable Retirement Plan, and a
“top hat” plan meeting the requirements of Sections 201(2), 301(a)(3), 401(a)(1) and 4021(b)(6) of ERISA to the extent that it provides benefits based on compensation in excess of the limitation imposed by section 401(a)(17) of the Code on
annual compensation of a Participant that may be taken into account under the applicable Retirement Plan or benefits to employees who are Participants based on participation in the Performance Incentive Plan, and with respect to certain employees
covered by the Squibb Plan on December 31, 1998. The Plan was adopted effective as of 

  
 Bristol-Myers Squibb Company

 Benefit Equalization Plan – Retirement Income Plan 
 (Effective as of January 1, 2012) 
  
 4 

 
January 1, 1983, and has been restated from time to time, including in 1993 and in 2007, and has been further amended from time to time. The Plan is again amended and restated in the
following form effective as of January 1, 2012, except as otherwise specified herein. 
 Effective as of January 1,
1991, the Plan assumed the liabilities for all benefits payable under the Squibb Plan with respect to all active and former employees (other than foreign employees) who had accrued, as of December 31, 1990, benefits provided under the Squibb
Plan other than benefits due to a Squibb employee’s election to defer an annual incentive award or benefits payable to foreign employees of Squibb. Effective as of January 1, 1996, the Plan assumed the liabilities for benefits accrued as
of December 31, 1995, under the Squibb Plan with respect to all active and former Squibb employees (other than foreign employees) attributable to pre-January 1, 1991 deferrals of annual incentive awards. Therefore, this Plan is a
continuation and successor plan to the Squibb Plan with respect to all such benefits accrued thereunder prior to January 1, 1991 with respect to employees who participated in the Squibb Corporation Pension Plan. Employees who were Participants
in the Squibb Plan who accrue benefits under this Plan on or after January 1, 1991, shall be entitled to the benefits provided by this Plan with respect to all service covered under either the Retirement Income Plan or the Puerto Rico Plan.

 Effective as of October 1, 2002 the BMS Pharma Plan was merged into the Retirement Income Plan and the BMS Pharma Puerto
Rico Plan was merged into the Puerto Rico Plan, and this Plan assumed the liabilities for all benefits payable under the Pharma Non-Qualified Plans. Therefore, this Plan is a continuation and successor plan to the Pharma Non-Qualified Plans with
respect to all such benefits accrued thereunder prior to October 1, 2002 with respect to employees who participated in the BMS Pharma Plan and the BMS Pharma Puerto Rico Plan prior to the merger of these plans into the Retirement Income Plan
and the Puerto Rico Plan, respectively. Employees who were Participants in the Pharma Non-Qualified Plans who accrue benefits under this Plan on or after October 1, 2002, shall be entitled to the benefits provided by this Plan with respect to
all service covered under either the Retirement Plan or the Puerto Rico Plan. 
 By action on June 10, 2009, the
Compensation Committee determined to amend the Plan so as to freeze the Plan as of January 1, 2010 except that the Plan will continue to recognize compensation earned through December 31, 2014 for purposes of calculating a
Participant’s Final Average Compensation. As such, service after 2009 shall not be recognized or taken into account as Credited Service, and a Participant’s Final Average Compensation shall be determined as of the earlier of his Separation
From Service or December 31, 2014. In addition, no Regular Full-Time Employee will be able to join the Plan after December 31, 2014. 

  
 Bristol-Myers Squibb Company

 Benefit Equalization Plan – Retirement Income Plan 
 (Effective as of January 1, 2012) 
  
 5 

 III. ELIGIBILITY AND PARTICIPATION IN THE PLAN. 

A. Eligible Participants. Each person who is a Participant in the Plan as of December 31, 2011, shall continue to be a
Participant in the Plan as of January 1, 2012. Each other Regular Full-Time Employee who is a member of a Retirement Plan as of December 31, 2009, and who is employed by a Participating Employer shall be eligible to participate in
this Plan and shall become a Participant in this Plan when (1) his benefit under the applicable Retirement Plan would exceed the limitations on benefits imposed by section 415 of the Code calculated from and after September 2, 1974,
(2) any portion of his “annual rate of compensation” as defined in the Retirement Plan or the Puerto Rico Plan, as applicable, would be excluded from his Final Average Compensation determined under the Retirement Plan by reason of the
application of section 401(a)(17) of the Code and/or (3) he participates in the Performance Incentive Plan; provided, however, that notwithstanding anything herein to the contrary, effective January 1, 2015, no Regular Full-Time Employee
who is a member of the Retirement Plan and who is not a Participant in the Plan shall become a Participant in the Plan. 
 B.
Cessation of Participation. Participation in the Plan shall terminate upon the Participant’s Separation From Service, except, however, that an individual who is entitled to receive Benefits under the Plan after his or her Separation
From Service will continue to be treated as a Participant (other than for BEP Benefit accrual purposes) until his or her full BEP Benefits have been paid or forfeited. 
 IV. CALCULATION OF BENEFITS. 
 A. Amount of BEP Benefit. The
BEP Benefit payable under the Plan, expressed as a monthly benefit paid in the form of a single life annuity commencing at the Normal Retirement Date or the Participant’s Separation from Service, if later, shall be an amount equal to the
excess, if any, of (1) over (2), where: 
 1. equals the monthly benefit, expressed as a single life annuity commencing at
the Participant’s Normal Retirement Date or Separation from Service, if later, that would have been payable to, or with respect to, such Participant under the applicable Retirement Plan, determined as follows: 

(a) For calendar years prior to 2015, without regard to the limitations imposed by sections 415 and 401(a)(17) of the Code, and for
calendar years after 2014, without regard to the foregoing limitations as in effect for the 2014 plan year of the applicable Retirement Plan; 
 (b) For calendar years prior to 2015, by including in his “annual rate of compensation” for purposes of determining Final Average Compensation under such Retirement Plan, elective deferrals
under the Savings and Investment Program which, due to Code section 415 and/or 401(a)(17) limitations, were, in accordance with the Participant’s election, credited to the BEP—Savings Plan, but only through the earlier of (1) the date
of the Participant’s Separation From Service, or (2) December 31, 2014 and not taking into account any amounts credited to the BEP – Savings Plan in or for calendar years after 2014, and 

  
 Bristol-Myers Squibb Company

 Benefit Equalization Plan – Retirement Income Plan 
 (Effective as of January 1, 2012) 
  
 6 

 (c) in the case of a Participant who also participates in the Performance Incentive Plan,
for years prior to 2015, by recalculating his “annual rate of compensation” for each year, for purposes of determining Final Average Compensation under such Retirement Plan, by substituting for the cash award paid under the Performance
Incentive Plan during such calendar year, the cash award earned by such Participant under the Performance Incentive Plan for such calendar year, if such amount is greater, without regard to the calendar year in which such payment is made;
provided, however, that (1) for purposes of this paragraph (c), any performance incentive award for the calendar year in which the Participant’s Separation From Service occurs shall be assumed to be fully earned as though all
performance goals and other conditions to full payment had been attained as of the date such Separation From Service occurs, and (2) not taking into account any amount awarded and/or paid under the Performance Incentive Plan for calendar years
after 2014; and 
 2. equals the monthly benefit, expressed as a single life annuity commencing at the Participant’s Normal
Retirement Date or Separation from Service, if later, that would be payable to the Participant or his beneficiary under the applicable Retirement Plan. 
 B. Service Limitations. The amount paid to, or with respect to, a Participant who is grade levels E07 and above shall be determined without limiting his total Years of Service to 40 years.

 C. Actuarial Assumptions. The Benefits determined under this Section IV shall be calculated utilizing the same
actuarial assumptions used to compute the Participant’s Retirement Plan benefit payments. Pursuant to the preceding sentence: 
 1. Reduction for Early Commencement. Notwithstanding anything herein to the contrary, if the date as of which a Participant commences payment of his benefit under the applicable Retirement Plan
precedes the Participant’s Normal Retirement Date, then the BEP Benefit determined under Section IV.A. shall be reduced applying the same terms and conditions applicable to commencement of Benefits prior to the Participant’s Normal
Retirement Date under the applicable Retirement Plan; provided, however, if a Participant’s Separation From Service occurs after December 31, 2004 and prior to January 1, 2007 and such Participant became, during this
period of time, Rule of 70 Eligible, then the Benefits that accrued and vested prior to January 1, 2005 (“pre-409A Benefits”) will be subject to the reduction factors under the applicable Retirement Plan as if the Participant was not
eligible to retire under an applicable Retirement Plan or Rule of 70 Eligible. 

  
 Bristol-Myers Squibb Company

 Benefit Equalization Plan – Retirement Income Plan 
 (Effective as of January 1, 2012) 
  
 7 

 2. Forms of Distribution. For purposes of converting a Participant’s BEP Benefit
described in Section IV.A. (as reduced pursuant to Section IV.C.1.) from a single life annuity to a lump sum distribution (or such other form of distribution in which the Participant’s BEP Benefit is to be paid under the Plan), the same
actuarial assumptions that would be used for calculating a lump sum distribution (or such other applicable form of distribution) under the Retirement Plan shall be used. 
 V. VESTING. 
 A Participant shall become vested in his Benefits at the same
time and to the same extent as such Participant becomes vested in his benefit under the applicable Retirement Plan (or upon becoming a Participant in this Plan, if later). 
 VI. TIME AND FORM OF PAYMENT OF BENEFITS. 
 A. Separation From Service
Prior to January 1, 1993. In the case of a Participant whose Separation From Service occurs prior to January 1, 1993, the BEP Benefits shall be payable to the Participant at the same date and in the same form as his benefit under
the applicable Retirement Plan, provided that if the Participant elects to receive his benefit under the applicable Retirement Plan in a lump sum, then the Participant shall elect to receive his BEP Benefit in one of the annuity forms
of payment available under the applicable Retirement Plan at the time such election is made. 
 B. Separation From Service
After 1992 and Prior to 2001. In the case of a Participant whose Separation From Service occurs after December 31, 1992, and prior to January 1, 2001, the BEP Benefits shall be payable to the Participant as follows: 

1. Standard Form of Payment. A Participant to whom this Section VI.B applies who does not make a timely election pursuant to
Section VI.B.2 herein shall receive his accrued and vested BEP Benefits, commencing on the same date as such Participant commences payment of his benefit under the applicable Retirement Plan, as follows: 

(a) If the Participant receives his benefit under the applicable Retirement Plan in an annuity form of payment, in the same form of
payment as received by the Participant under the applicable Retirement Plan. 
 (b) If the Participant elects to receive his
benefit under the applicable Retirement Plan in a lump sum, in one of the annuity forms of payment available at that time under the applicable Retirement Plan, pursuant to an election made by the Participant in writing, concurrent with the
Participant’s benefit election under the applicable Retirement Plan, which shall become irrevocable as of the date payment of BEP Benefits commences. 

  
 Bristol-Myers Squibb Company

 Benefit Equalization Plan – Retirement Income Plan 
 (Effective as of January 1, 2012) 
  
 8 

 2. Optional Forms of Payment. A Participant to whom this Section VI.B applies may
elect to receive his BEP Benefits in the form of a lump sum cash payment, provided that at least one year prior to Separation From Service, the Participant irrevocably elects, in writing, to receive his BEP Benefits in such form, which
payment shall be made within 60 days after such Participant commences payment of his benefit under the applicable Retirement Plan, except that in the case of a Participant who is eligible to retire under the applicable Retirement Plan who has an
involuntary Separation From Service or unplanned retirement and whose election to receive the BEP Benefit in the form of a lump sum was made at least 90 days prior to such involuntary Separation From Service or unplanned retirement, such payment
shall be made on the first day of the first month following the one-year anniversary of his Separation From Service. 
 3.
1993 Retirement Window (Voluntary Retirement Program). Notwithstanding the foregoing, in the case of a Participant who is a member of the Retirement Income Plan who elected between October 1, 1993 and December 30, 1993, inclusive,
to retire under Article 19 of the Retirement Income Plan (as then in effect), the BEP Benefits shall be payable to the Participant in the same form as the Participant’s benefit under the Retirement Income Plan (utilizing the same actuarial
assumptions used to compute the Participant’s Retirement Income Plan benefit payments or such other assumptions as may be determined by the Pension Committee from time to time), commencing within 60 days after the earlier of (a) his
Separation From Service entitling him to receive payments under the Retirement Income Plan, (b) his death, or (c) if the Participant’s employment terminates prior to the date he is entitled to receive payments under the Retirement
Income Plan, the date he attains his Early Retirement Date under the Retirement Income Plan. 
 C. Separation From Service
After 2000 and Prior to January 1, 2005. In the case of a Participant whose Separation From Service occurs after December 31, 2000, and prior to January 1, 2005, the BEP Benefits shall be payable to the Participant as follows:

 1. Standard Form of Payment. A Participant to whom this Section VI.C applies who does not make a timely election
pursuant to Section VI.C.2 herein shall receive his accrued and vested BEP Benefits, commencing on the same date as such Participant commences payment of his benefit under the applicable Retirement Plan, as follows: 

(a) If the Participant receives his benefit under the applicable Retirement Plan in annuity form of payment, in the same form of payment
as received by the Participant under the applicable Retirement Plan. 
 (b) If the Participant elects to receive his benefit
under the applicable Retirement Plan in a lump sum, in one of the annuity forms of payment available at that time under the applicable Retirement Plan, pursuant to an election made by the Participant in writing, concurrent with the
Participant’s benefit election under the applicable Retirement Plan, which shall become irrevocable as of the date payment of BEP Benefits commences. 

  
 Bristol-Myers Squibb Company

 Benefit Equalization Plan – Retirement Income Plan 
 (Effective as of January 1, 2012) 
  
 9 

 2. Optional Forms of Payment. A Participant to whom this Section VI.C applies may
elect to receive his BEP Benefits in the form of a lump sum cash payment and/or a lump sum credit to the Participant’s BEP—Savings Plan account equal to 25%, 50%, 75% or 100% of the BEP Benefit, as elected by the Participant, with the
remaining portion of the BEP Benefit payable in the form of payment set out in Section VI.C.1; provided that (i) the Participant is eligible to retire under the applicable Retirement Plan or, effective as of April 1, 2003, is
Rule of 70 Eligible as of the date of his Separation From Service and (ii) no later than the last day of the calendar year prior to his Separation From Service and 90 days prior to his Separation From Service the Participant irrevocably elects,
in writing, to receive payment of his BEP Benefits in such form. The lump sum payment and/or credit to the BEP-Savings Plan made pursuant to this Section VI.C.2 shall be made within 60 days after commencement of the Participant’s benefits under
the applicable Retirement Plan. 
 3. Separation From Service During 2004. Notwithstanding anything in Section VI.C.2 to
the contrary, a Participant who has a Separation From Service during 2004 and who, at the time of such Separation From Service is eligible to retire under the applicable Retirement Plan or is Rule of 70 Eligible, may modify or revoke a previous
election made pursuant to Section VI.C.2, provided such modification or revocation occurs no later than the last day of the calendar year prior to his Separation From Service and 90 days prior to his Separation From Service. 

D. Separation From Service on or After January 1, 2005 and Prior to January 1, 2007. In the case of a Participant
whose Separation From Service occurs on or after January 1, 2005 and prior to January 1, 2007, the BEP Benefits shall be payable to the Participant as follows: 
 1. Default Form of Payment. Subject to Section VI.D.3, below, a Participant to whom this Section VI.D applies and who, as of the date of his Separation From Service either (A) is not eligible
to retire under the applicable Retirement Plan, (B) is not Rule of 70 Eligible or (C) is eligible to retire under the applicable Retirement Plan or is Rule of 70 Eligible, but does not make a timely election pursuant to Section VI.D.2
herein, shall receive his accrued and vested BEP Benefits as follows: 
 (a) The Participant’s pre-409A Benefits1 shall be payable in the standard form of payment as described in
Section VI.C.1, commencing on the same date as the Participant’s applicable Retirement Plan benefit commences or is distributed. 

 

	1 	 Defined in Section IV.C.1 as Benefits that accrued and vested prior to January 1, 2005 .

  
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 (b) The portion of such Participant’s BEP Benefits that are accrued and vested on or
after January 1, 2005 (“post-409A Benefits”) shall be payable in a lump sum cash payment. The amount of such lump sum payment shall be determined as of (and, except as set forth in Section VI.G or Section VI.D.3(c) herein, such lump
sum payment shall be made on or about) the first day of the month following the Participant’s Separation From Service. 

2. Optional Forms of Payment. A Participant to whom this Section VI.D applies who, as of the date of his Separation From Service,
is either eligible to retire under an applicable Retirement Plan or is Rule of 70 Eligible shall be permitted to elect payment under one or more of the following forms of payment, provided that such election is made no later than 12
months prior to the date of such Participant’s Separation From Service: 
 (a) With respect to the Participant’s
pre-409A Benefits, in either a cash lump sum payment or a lump sum credit to such Participant’s BEP—Savings Plan account. The amount of such lump sum payment or credit to the BEP-Savings Plan shall be determined as of (and such lump sum
payment or credit shall be made on or about) the same date as such Participant commences payment of his benefit under the applicable Retirement Plan. A Participant electing to have such Participant’s Benefits paid in a cash lump sum pursuant to
this Section VI.D.2(a) may modify such election only to elect instead that his BEP Benefits be credited to the BEP—Savings Plan. If a Participant elects a lump sum credit to such Participant’s BEP—Savings Plan account or revokes an
election to receive a cash lump sum payment by making a new election for a lump sum credit to his BEP—Savings Plan account pursuant to this Section VI.D.2(a), such amount shall be subject to the payment election in effect under the
BEP—Savings Plan with respect to that portion of the Participant’s BEP—Savings Plan account that was credited and vested prior to 2005. A Participant electing to have his Benefits credited to the BEP—Savings Plan pursuant to this
Section VI.D.2(a) may not make any subsequent elections under this Plan. 
 (b) With respect to the Participant’s
post-409A Benefits, as a lump sum credit to such Participant’s BEP—Savings Plan account, provided that such election satisfies the BEP Election Rules. The amount of such lump sum credit shall be determined as of (and such
lump sum credit shall be made on or about) the first day of the first month following Separation From Service. 
 3. Special
Provisions Relating to Rule of 70 Eligibility. 
 (a) In General. The ability to elect an optional form of payment
under this Section D is limited to Participants who, as of their Separation From Service, are eligible to retire under an applicable Retirement Plan or are Rule of 70 Eligible. To be Rule of 70 Eligible, a Participant must, among other things,
satisfy the Release Requirements as defined under the definition of Rule of 70 Eligible. Under certain circumstances, the Release Requirements could enable a Participant to change the form and/or time of payment in violation of Code section 409A.
For example, if a Participant has an election to receive Benefits in the form of a lump sum credit to such Participant’s 

  
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BEP—Savings Plan account (which in turn is subject to the Participant’s deferred payment election under the BEP—Savings Plan) and that election applies if she is Rule of 70
Eligible upon Separation From Service (but not otherwise), she could effectively revoke that election at Separation From Service and receive payment upon Separation From Service by intentionally not satisfying the Release Requirements. Further, a
Participant who is Rule of 70 Eligible may be entitled to more favorable early commencement adjustment factors pursuant to the terms of the applicable Retirement Plan. Because the Plan Administrator cannot calculate the Participant’s benefit
without knowing whether the Release Requirements have been satisfied, a Participant could affect the time at which her Benefits are paid by delaying the signing of a required release. Because the Company believes the foregoing would violate Code
section 409A, the Company has adopted the special provisions relating to Rule of 70 Eligibility stated herein that apply to Participants who have a Separation from Service on or after January 1, 2005. 

(b) Form of Payment. In recognition of paragraph (a), above, and notwithstanding provisions to the contrary, if (i) a
Participant is not Rule of 70 Eligible solely because the Participant failed to satisfy the Release Requirements, (ii) the Participant properly elected an optional form of payment, and (iii) the elected optional form of payment applies if
the Participant is Rule of 70 Eligible upon Separation From Service, then the Participant’s vested Benefits shall be paid in the optional form elected by the Participant in accordance with Section VI.D.2 and not in the default form of payment
specified in Section VI.D.1, however, the amount payable shall be determined using the early commencement adjustment factors applicable to a vested terminated Participant and not the factors applicable to a Participant who is Rule of 70 Eligible.

 (c) Time of Payment. In recognition of paragraph (a), above, and notwithstanding provisions to the contrary, if
payment could permissibly be made in one year or a subsequent year, depending on whether and when a Participant satisfies the Release Requirements, payment shall be made or commence in the subsequent year (together with interest accrued from the
first day of the first month following the Participant’s Separation From Service until the first day of the month in which distribution occurs at the interest rate being used to determine lump-sum payment options under the applicable Retirement
Plan) regardless of when or whether the Participant satisfies any applicable Release Requirements. If the Participant fails to satisfy any applicable Release Requirement within the time period for doing so, the amount payable to the Participant
shall be determined using the early commencement adjustment factors applicable to a vested terminated Participant and not the factors applicable to a Participant who is Rule of 70 Eligible. 

E. Separation From Service After 2006. In the case of a Participant whose Separation From Service occurs on or after
January 1, 2007, the BEP Benefits shall be payable to the Participant in the default form of payment set forth in Section VI.E.1 herein, unless the Participant is either eligible to retire under the applicable Retirement Plan or is Rule of 70
Eligible as of the date of his Separation From Service and the Participant makes a timely election for an optional form of payment in accordance with Section VI.E.2 herein. 

  
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 Benefit Equalization Plan – Retirement Income Plan 
 (Effective as of January 1, 2012) 
  
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 1. Default Form of Payment. Subject to Section VI.E.3, a Participant to whom this
Section VI.E applies who, as of the date of his Separation From Service either (A) is not eligible to retire under the applicable Retirement Plan, (B) is not Rule of 70 Eligible or (C) is eligible to retire under the applicable
Retirement Plan or is Rule of 70 Eligible but does not elect an optional form of payment allowed under VI.E.2 that satisfies the BEP Election Rules (see Section VI.E.5(b), below) shall receive his accrued and vested BEP Benefits in a cash lump sum
payment. The amount of such lump sum payment shall be determined as of (and, subject to Section VI.G and Section VI.E.3(b) herein, such lump sum payment shall be made on or about) the first day of the month following such Participant’s
Separation From Service. 
 2. Optional Form of Payment. A Participant to whom this Section VI.E applies who, as of the
date of his Separation From Service is either eligible to retire under an applicable Retirement Plan or is Rule of 70 Eligible shall be permitted to elect to receive his accrued and vested BEP Benefits as a lump sum credit to such Participant’s
BEP—Savings Plan account, provided that such election satisfies the BEP Election Rules. The amount of such lump sum credit shall be determined as of, and such lump sum credit shall be made on or about, the first day of the first
month following Separation From Service. A Participant electing the optional form of payment under this Section VI.E.2 may not make any subsequent elections under this Plan. 
 3. Special Provisions Relating to Rule of 70 Eligibility. 
 (a) Form of
Payment. In recognition of Section VI.D.3(a), above, and notwithstanding provisions to the contrary, if (i) a Participant is not Rule of 70 Eligible solely because the Participant failed to satisfy the Release Requirements, and
(ii) the Participant properly elected an optional form of payment, and (iii) the elected optional form of payment applies if the Participant is Rule of 70 Eligible upon Separation From Service, then the Participant’s vested Benefits
shall be paid in the optional form elected by the Participant pursuant to Section VI.E.2 and not in the default form of payment specified in Section VI.E.1 however, the amount payable shall be determined using the early commencement adjustment
factors applicable to a vested terminated Participant and not the factors applicable to a Participant who is Rule of 70 Eligible. 
 (b) Time of Payment. In recognition of Section VI.D.3(a), above, and notwithstanding provisions to the contrary, if payment could permissibly be made in one year or a subsequent year, depending on
whether and when a Participant satisfies the Release Requirements, payment shall be made or commence in the subsequent year (together with interest accrued from the first day of the first month following the Participant’s Separation From
Service until the first day of the month in which distribution occurs at the interest rate being used to determine lump-sum payment 

  
 Bristol-Myers Squibb Company

 Benefit Equalization Plan – Retirement Income Plan 
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 13 

 
options under the applicable Retirement Plan) regardless of when or whether the Participant satisfies any applicable Release Requirements. If the Participant fails to satisfy any applicable
Release Requirement within the time period for doing so, the amount payable to the Participant shall be determined using the early commencement adjustment factors applicable to a vested terminated Participant and not the factors applicable to a
Participant who is Rule of 70 Eligible. 
 4. Prior Elections. 

(a) The Company determined to preserve certain benefits, rights, and features of the Plan as in effect prior to enactment of Code
section 409A, that is, to grandfather Benefits to the extent accrued and vested prior to January 1, 2005. In addition, during the 2005 and 2006 Plan Years, Participants were allowed to make separate elections as to the time or form of payment
of pre-409A Benefits and as to post-409A Benefits (referred to as “split elections”). Effective as of January 1, 2007, split elections are no longer permitted but the Company has intended to preserve any elections made prior to 2005,
existing split elections and the grandfathered status of the pre-409A Benefits that remain subject to these grandfathered elections. Thus, the Company has administered the Plan consistent with such intent. However, the Company also has permitted and
desires to continue permitting Participants with these grandfathered elections to make new payment elections in compliance with Code section 409A. Thus, the Company has adopted the rules set forth in this subsection 4. 

(b) The following rules apply to a Participant (i) whose Separation From Service occurs on or after January 1, 2007, and
(ii) who upon Separation From Service is either eligible to retire under an applicable Retirement Plan or Rule of 70 Eligible (disregarding the Release Requirements) and (iii) who made an optional form of payment election under this Plan
prior to January 1, 2007: 
 (i) The Participant’s pre-2007 election shall continue to apply until the Participant
makes a new election that is permitted under the Plan. 
 (ii) If the Participant (1) made an election prior to
January 1, 2005, and (2) did not make an election between January 1, 2005 and December 31, 2006, then (x) the pre-2005 election shall continue to apply with respect to the pre-409A Benefits, and (y) the
default form of payment shall apply to the post-409A Benefits subject to a new election under this Plan, in which case subparagraph (iv), below, shall apply. 
 (iii) If the Participant (1) made a split election, and (2) has not made a subsequent election, then the split election shall continue to apply subject to a new election under this Plan, in
which case subparagraph (iv), below, shall apply. 

  
 Bristol-Myers Squibb Company

 Benefit Equalization Plan – Retirement Income Plan 
 (Effective as of January 1, 2012) 
  
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 (iv) If the Participant makes a new election under this Plan after 2006, then: (1) the
Plan shall treat all Benefits under the Plan as post-409A Benefits, and (2) the new election shall apply to the Participant’s entire Benefit. 
 (v) If the prior election (split or otherwise) included an election to receive BEP Benefits as a lump sum credit to such Participant’s BEP—Savings Plan, and the Participant makes a new election
after 2006 under the BEP—Savings Plan, then: (1) the Participant’s pre-409A Benefits shall be treated as post-409A Benefits, (2) the new election under the BEP—Savings Plan shall apply to the Participant’s entire
Benefit, and (3) the Participant may not make any subsequent elections under this Plan. 
 The tables attached to the Plan in Exhibit B
demonstrate the manner in which the requirements of this Section VI.D.4 apply to a Participant described in this paragraph (b). 

5. BEP—Savings Plan Elections. 
 (a) Background. The Company determined to preserve certain benefits, rights, and features of the Plan as in effect prior to Code section 409A, that is, to grandfather Benefits to the extent accrued
and vested prior to January 1, 2005. In addition, during the 2005 and 2006 Plan Years, Participants were allowed to make split elections under the Plan as to pre-409A Benefits and as to post-409A Benefits. Effective as of January 1, 2007,
split elections are no longer permitted under the Plan. The Company has permitted and desires to continue permitting Participants with pre-2005 or split elections under the Plan to make new distribution elections. The only alternative distribution
method available under the Plan with respect to an election made after 2006 is a credit to the BEP—Savings Plan. Certain rules (referred to as the “Subsequent Deferral Rules” under the BEP—Savings Plan) apply to changes in the
time and/or form of payment of a Participant’s BEP—Savings Plan account that became vested on or after January 1, 2005. Similar rules (the BEP Election Rules set forth below) apply to changes in the time and/or form of payment of a
Participant’s post-409A Benefits. In some cases, a Participant will have a payment election in effect under the BEP—Savings Plan that satisfies those rules with respect to Benefits under this Plan and in other cases a new election under
the BEP—Savings Plan will be required. The rules set forth in this subsection 5 are intended to coordinate transfers from this Plan with payment elections under the BEP—Savings Plan in a way that complies with Code section 409A and thus
apply when a Participant elects to transfer post-409A Benefits from this Plan to the BEP—Savings Plan. 
 (b)
Rules. The following rules (the “BEP Election Rules”) apply to any election made by a Participant to receive post-409A Benefits in the form of a credit to his BEP—Savings Plan account. 

(i) The Participant must elect, pursuant to the terms of the BEP—Savings Plan, the date that payments will commence from the
BEP—Savings Plan and whether the payment will be made from the BEP—Savings Plan in a lump sum or in annual installments of two to 15 years. 

  
 Bristol-Myers Squibb Company

 Benefit Equalization Plan – Retirement Income Plan 
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 (ii) The Participant may not transfer back to this Plan any amount credited from this Plan
to the BEP—Savings Plan pursuant to an election made on or after January 1, 2005. 
 (iii) Such election must be made
no later than 12 months prior to the date such Participant’s Separation From Service occurs; 
 (iv) Such election will
not be valid and effective until 12 months after it is received by the Plan Administrator; and 
 (v) Such election must defer
payment of the Participant’s Benefit in a lump sum or the commencement of payment of the Participant’s Benefit in installments at least five years from the Participant’s Separation From Service, pursuant to either (1) an existing
election with respect to the portion of the Participant’s BEP—Savings Plan account that became vested on or after January 1, 2005 or (2) a new election made in accordance with the terms of the BEP—Savings Plan that apply to
participants who have a Separation From Service after 2006. 
 F. De Minimis Lump Sum. Notwithstanding any
provision of the Plan or payment election of a Participant to the contrary: 
 1. If the present value of the vested BEP
Benefits of a Participant whose Separation From Service is prior to January 1, 2006 is $15,000 or less, such vested BEP Benefits shall be distributed to or in respect of the Participant in a single lump sum on or about the first day of the
month following such Participant’s Separation From Service. 
 2. If the present value of the vested Benefits of a
Participant whose Separation From Service is on or after January 1, 2006 is less than $10,000, such vested BEP Benefits shall be distributed to or in respect of the Participant in a single lump sum on or about the first day of the month
following such Participant’s Separation From Service. 
 G. Specified Employees. Notwithstanding any
provision of the Plan or payment election of a Participant to the contrary, if a Participant is a Specified Employee on the date of his Separation From Service, payment of his BEP Benefit shall occur no earlier than the date that is six months after
the Participant’s Separation From Service (unless such Participant dies, in which event the accrued and vested BEP Benefits shall be payable in accordance with Section VI.H hereof); except, however, that (i) if such Specified
Employee’s Separation From Service occurs prior to January 1, 2007, then only such portion of the Specified Employee’s BEP Benefits that were not earned and vested prior to January 1, 2005 shall be subject to such six-month
payment 

  
 Bristol-Myers Squibb Company

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delay, and (ii) if such Specified Employee’s Separation From Service occurs after December 31, 2006 and the Specified Employee has in effect a payment election made prior to
January 1, 2007, as documented in Exhibit B to the Plan, then the portion of his BEP Benefit that was earned and vested prior to January 1, 2005 shall be paid in accordance with such election without regard to this Section VI.G. Any
portion of the vested BEP Benefits that are subject to the six-month delay described in this Section VI.G and that would otherwise be paid to a Specified Employee prior to the end of such six-month period shall be distributed (together with interest
accrued from the originally scheduled payment date until the first day of the seventh month following the Participant’s Separation From Service at the interest rate being used to determine lump-sum payment options under the applicable
Retirement Plan) on the first day of the month that begins coincident with or next following the six-month anniversary of the Participant’s Separation From Service. 
 H. Payment of Benefits in the Event of the Participant’s Death. Upon the death of a Participant prior to payment of all of his accrued and vested BEP Benefits, the survivor portion of
the Participant’s BEP Benefit shall be distributed to his joint annuitant or Beneficiary as follows: 
 1.
Pre-Retirement Death Benefit. In the event of the death of a Participant prior to commencement of his BEP Benefit, the Participant’s Beneficiary shall be an individual, if any, who is entitled to receive a qualified pre-retirement
survivor annuity or qualified pre-early retirement survivor annuity under the applicable Retirement Plan and such Beneficiary, if any, shall be entitled to receive a pre-retirement death benefit under this Plan equal to a percentage (equal to the
percentage of the Participant’s benefit under the applicable Retirement Plan that such Beneficiary is entitled to receive) of the Participant’s vested BEP Benefit actuarially adjusted in the same manner (and using the same actuarial
assumptions) as the Participant’s benefit under the applicable Retirement Plan is adjusted to provide the qualified pre-retirement survivor annuity or qualified pre-early retirement survivor annuity, as applicable, to the Beneficiary. Such
pre-retirement death benefit shall be payable to the Beneficiary as follows: 
 (a) If the date of the Participant’s
Separation From Service is after January 1, 1993 and prior to January 1, 2005, the pre-retirement death benefit shall be distributed to the Beneficiary in the form of an annuity for the life of the Beneficiary commencing on the same date
that such Beneficiary commences payment of the qualified pre-retirement survivor annuity or qualified pre-early retirement survivor annuity, as the case may be, under the applicable Retirement Plan, unless the Participant was eligible to and timely
elected to receive all or a portion of his BEP Benefit in the form of a single lump sum cash payment or a lump sum credit to his BEP—Savings Plan account, in which case that portion of the pre-retirement death benefit shall be distributed to
the Beneficiary in the form of a single lump sum payment on the same date that such Beneficiary commences payment of the qualified pre-retirement survivor annuity or qualified pre-early retirement survivor annuity, as the case may be, under the
applicable Retirement Plan; 

  
 Bristol-Myers Squibb Company

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 (b) If the date of the Participant’s Separation From Service is on or after
January 1, 2005, and before December 31, 2006: 
 (i) the portion of the pre-retirement death benefit that accrued
and vested prior to January 1, 2005 shall be distributed to the Beneficiary in the form of an annuity for the life of the Beneficiary commencing on the same date that such Beneficiary commences payment of the qualified pre-retirement survivor
annuity or qualified pre-early retirement survivor annuity, as the case may be, under the applicable Retirement Plan; provided, however, that if the Participant was eligible to and timely elected to receive all or a portion of his pre-409A Benefit
in the form of a single lump sum cash payment or a lump sum credit to his BEP—Savings Plan account, the portion to which such election applies shall be distributed to the Beneficiary in the form of a single lump sum payment on the same date
that such Beneficiary commences payment of the qualified pre-retirement survivor annuity or qualified pre-early retirement survivor annuity, as the case may be, under the applicable Retirement Plan. 

(ii) the portion of the pre-retirement death benefit that accrued and vested on and after January 1, 2005 shall be distributed to
the Beneficiary in the form of a single lump sum payment on the first day of the first month following the date of the Participant’s death, notwithstanding any election made by the Participant to credit all or a portion of his BEP Benefit to
the BEP—Savings Plan. 
 (c) If the date of the Participant’s Separation From Service is on or after January 1,
2007, the pre-retirement death benefit shall be distributed to the Beneficiary in the form of a single lump sum payment on the first day of the first month following the date of the Participant’s death, notwithstanding any election made by the
Participant to credit all or a portion of his BEP Benefit to the BEP—Savings Plan. 
 2. Post-Retirement Survivor
Annuities. In the event a Participant’s death is after January 1, 1993 and after commencement of his BEP Benefit and the Participant’s BEP Benefit is payable in a form that requires or allows the Participant to designate a
beneficiary or contingent annuitant, the Participant’s Beneficiary shall be determined as follows: 
 (a) If the
Participant has designated a beneficiary or contingent annuitant under the applicable Retirement Plan, such person shall be deemed the Beneficiary for purposes of this Plan. 
 (b) If the Participant has not designated a beneficiary or contingent annuitant under such Retirement Plan, or if no such beneficiary or contingent annuitant is living at the time of the
Participant’s death, the Beneficiary for purposes of this Plan shall be the person or persons designated by the Participant under this Plan. 

  
 Bristol-Myers Squibb Company

 Benefit Equalization Plan – Retirement Income Plan 
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 The payments made to one or more of such persons shall completely discharge the Plan with respect to the
such amounts. 
 I. Other Permissible Payment Events. Benefits under the Plan may be paid if and to the extent
reasonably necessary to permit the Participant to avoid the violation of an applicable Federal, state, local or foreign ethics law or conflicts of interest law within the meaning of Treasury Regulation section 1.409A-3(j)(4)(iii)(B). 

J. No Post-Separation Elections. Notwithstanding anything herein to the contrary, a Participant may not make any
election(s) regarding the time and form of the payment of his Benefits subsequent to his Separation From Service. 
 K.
Reemployment. 
 1. If a Participant’s Benefits have not been fully distributed under the Plan and the
Participant commences re-employment with a Participating Employer or a subsidiary or affiliate of the Company, the following rules shall apply: 
 (a) Any pre-409A Benefits being paid to the Participant pursuant to the terms of the Plan in the form of an annuity at the time of reemployment shall be suspended during the period of reemployment. Upon
commencement of re-employment with a Participating Employer, the Participant will accrue additional Benefits in accordance with the terms of this Plan on all service with his Participating Employer(s) (pre and post re-employment); provided, however,
that, upon the Participant’s subsequent Separation From Service, the Participant’s pre-409A Benefits will be offset by the value of Benefits previously paid, if any. The form of payment of the Participant’s Benefits after the
subsequent Separation From Service shall be determined in accordance with the Plan provisions applicable to Separations From Service that occur on the date the subsequent Separation From Service occurs, notwithstanding any prior election made by the
Participant. 
 (b) If for any reason, the Participant’s post-409A Benefits has not been paid prior to the date the
Participant commences re-employment, such benefit shall be paid to the Participant in accordance with his payment election and in accordance with the terms of this Plan. Upon commencement of re-employment with a Participating Employer, the
Participant will accrue additional Benefits in accordance with the terms of this Plan on all service with his Participating Employer(s) (pre and post re-employment); provided, however, that, upon the Participant’s subsequent Separation From
Service, the Participant’s Benefits will be offset by the value of Benefits previously paid, if any. The form of payment of the Participant’s Benefits after the subsequent Separation From Service shall be determined in accordance with the
Plan provisions applicable to Separations From Service that occur on the date the subsequent Separation From Service occurs, notwithstanding any prior election made by the Participant. 

  
 Bristol-Myers Squibb Company

 Benefit Equalization Plan – Retirement Income Plan 
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 2. If a Participant’s Benefits have been paid in a lump sum or have been credited to
the BEP-Savings Plan, and the Participant commences re-employment with a Participating Employer or a subsidiary or affiliate of the Company, the Participant, upon commencement of such re-employment with a Participating Employer, will accrue
additional Benefits in accordance with the terms of this Plan on all service with his Participating Employer(s) (pre and post re-employment); provided, however, that, upon the Participant’s subsequent Separation From Service, the
Participant’s Benefits will be offset by the value of Benefits previously paid or credited to the BEP-Savings Plan. The form of payment of the Participant’s Benefits after the subsequent Separation From Service shall be determined in
accordance with the Plan provisions applicable to Separations From Service that occur on the date the subsequent Separation From Service occurs, notwithstanding any prior election made by the Participant. 

VII. ADMINISTRATION OF THE PLAN. 
 A. Administration. The Pension Committee shall administer this Plan. As Plan Administrator, the Pension Committee shall have full discretionary authority to answer all questions arising in
connection with the Plan, including its interpretation, application and administration, may adopt procedural rules, and may employ and rely on such legal counsel, such actuaries, such accountants and such agents as it may deem advisable to assist in
the administration of the Plan. Any and all decisions of the Pension Committee as to interpretation or application of this Plan shall be conclusive and binding on all persons, shall be given full force and effect, and shall be reviewed by any court
or arbitrator on an arbitrary and capricious standard, rather than a de novo standard. 
 B.
Delegation. The Pension Committee may (1) designate a person or persons and/or appoint an administrative committee to carry out the day-to-day administration of the Plan, and (2) authorize any agent to execute or deliver any
instrument or make any payment on the Pension Committee’s behalf or provide such services as the Pension Committee may require in carrying out the provisions of the Plan. 
 C. Limitation of Liability. Neither the Pension Committee nor any member of the Board of Directors nor any officer, employee or agent of the Company shall incur any liability individually or
on behalf of any other individuals or on behalf of the Company for any act, or failure to act, in relation to the Plan or the funds of the Plan unless such action or inaction is adjudged to be due to fraud. The Pension Committee and each member of
the Board of Directors shall be entitled, in good faith, to rely or act upon any report or other information furnished to him by any other officer or other employee of the Company, the Company’s independent certified public accountants, or

  
 Bristol-Myers Squibb Company

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any executive compensation consultant, legal counsel or other professional retained by the Company. None of the Pension Committee, the Compensation Committee or any member of the Board of
Directors shall be entitled to act on or decide any matter relating solely to himself or any of his rights or benefits under the Plan. 
 D. Indemnification. The Pension Committee, each member of the Board of Directors of the Company and their delegates, and the officers, employees and agents of the Company shall be
indemnified by the Company, to the extent permitted by the Company’s certificate of incorporation or by the Company’s bylaws, against any and all liabilities arising by reason of any act, or failure to act, in relation to the Plan or the
funds of the Plan, including, without limitation, expenses incurred in the defense of any claim relating to the Plan or the funds of the Plan, and amounts paid in any compromise or settlement relating to the Plan or the funds of the Plan, unless
such action or inaction is adjudged to be due to fraud. 
 E. Claims Procedure. All claims for benefits under the
Plan shall be submitted and reviewed in accordance with the Claims Appeal Guidelines (attached hereto). No claimant shall institute any action or proceeding in any state or federal court of law or equity or before any administrative tribunal or
arbitrator for a claim of benefits under the Plan until the claimant has first exhausted the Plan’s review procedures set forth in the Claims Appeal Guidelines. Any and all decisions of the Company pursuant to the Claims Appeal Guidelines shall
be conclusive and binding on all persons, shall be given full force and effect, and shall be reviewed by any court or arbitrator on an arbitrary and capricious standard, rather than a de novo standard. 

F. Statute of Limitations. A claimant may not bring a lawsuit to recover benefits under the Plan until he has exhausted the
internal administrative process established pursuant to this Section VII. No legal action may be commenced at all unless commenced no later than three (3) years following the issuance of a final decision on the claim for benefits, or the
expiration of the final appeal decision period if no decision is issued. This three-year statute of limitations on suits for all benefits shall apply in any forum where the claimant may initiate such suit. 

G. Expense. Expenses of the Pension Committee attributable to the administration of the Plan shall be paid directly by the
Company. 
 VIII. GENERAL PROVISIONS. 
 A. Termination of the Plan. The Board of Directors of the Company reserves the right to terminate the Plan at any time, provided, however, that no termination shall be
effective retroactively. As of the effective date of termination of the Plan: 
 1. The Benefits of any Participant (or his
Beneficiary) whose Benefits payments have commenced shall continue to be paid; 

  
 Bristol-Myers Squibb Company

 Benefit Equalization Plan – Retirement Income Plan 
 (Effective as of January 1, 2012) 
  
 21 

 2. No further Benefits shall accrue on behalf of any Participant whose Benefits payments
have not commenced and such Participant (or his Beneficiary) shall retain the right to Benefits hereunder; and 
 3. Benefits
payments that have not commenced as of the Plan termination date may be accelerated provided that (a) the Company’s termination and liquidation of the Plan does not occur proximate to a downturn in the financial health of the Company,
(b) no payment of Benefits are made earlier than 12 months after all action necessary to irrevocably terminate and liquidate the Plan has been completed other than payments that would be payable under the terms of the Plan if the action to
terminate and liquidate the Plan had not occurred, (c) all payment of Benefits are completed within 24 months thereafter, (d) all other nonqualified defined benefit pension plans maintained by the Company that would be aggregated with the
Plan under Treasury Regulation section 1.409A-1(c) are terminated with respect to all participants in such plans, and (e) the Company does not adopt a new plan that would be aggregated with any terminated plan under Treasury Regulation section
1.409A-1(c) if the Participant participated in both plans, at any time within three years following the date the Company takes all necessary action to irrevocably terminate and liquidate the Plan, and (f) the conditions of Treasury Regulation
section 1.409A-3(j)(ix)(C) are satisfied. 
 B. Plan Not a Contract of Employment. Nothing in this Plan shall be
construed as giving any employee the right to be retained in the employ of any Participating Employer. Each Participating Employer in the Plan expressly reserves the right to dismiss any employee at any time without regard to the effect which such
dismissal might have upon him under the Plan. 
 C. Amendment. This Plan may be amended at any time by the
Compensation Committee of the Board of Directors of the Company, or by the Pension Committee at any time in accordance with the materiality guidelines regarding modifications to employee benefit plans established by the Compensation Committee,
except that no such amendment shall deprive any Participant of his Benefits accrued and vested at the time of such amendment. 

D. Funding. All amounts payable in accordance with this Plan shall constitute a general unsecured obligation of the Company
and the other Participating Employers. Benefits payable under this Plan, as well as any administrative costs related to the Plan, shall not be funded and shall be made out of the general assets of the Company and the other Participating Employers or
any grantor trust established for this purpose. 
 The Company may, in its discretion, establish a grantor trust for the benefit
of the Participants of the Plan. The assets placed in such trust shall be held separate and apart from other Company funds and shall be used exclusively for the purposes set forth in the Plan and the applicable trust agreement, subject to the
following conditions: 

  
 Bristol-Myers Squibb Company

 Benefit Equalization Plan – Retirement Income Plan 
 (Effective as of January 1, 2012) 
  
 22 

 1. the creation of said trust shall not cause the Plan to be other than “unfunded”
for purposes of Title I of ERISA; 
 2. the Company shall be treated as “grantor” of said trust for purposes of
section 677 of the Code; 
 3. the agreement of such trust shall provide that its assets may be used upon the insolvency or
bankruptcy of the Company to satisfy claims of the Company’s general creditors and that the rights of such general creditors are enforceable by them under federal and state law; 

4. the trust shall not be established as an offshore trust; and 
 5. the trust shall not provide that its assets will become restricted to the payment of Benefits in the event of a change in the financial health of the Company. 

To the extent that a grantor trust is established by the Company, the Pension Committee may from time to time reserve unto itself the
right to vote any shares of equity securities held in a pension trust fund or may permit such other committee, or investment manager or managers as it may designate to exercise such responsibility. 

No Participant or Beneficiary shall have any right, title or interest whatsoever in or to any investments that the Company may make to
aid the Company in meeting its obligation hereunder or assets held by any trust. Nothing contained in this Plan, and no action taken pursuant to its provisions, shall create or be construed to create a trust of any kind, or a fiduciary relationship,
between the Company and any Participant or Beneficiary. To the extent that any person acquires a right to receive payments from the Company hereunder, such rights are no greater than the right of an unsecured general creditor of the Company.

 E. Withholding Taxes. The Company shall deduct from any payment made under the Plan the amount of withholding
taxes due any federal, state or local authority in respect of such payment and take such other action as may be necessary in the opinion of the Company to satisfy all obligations for payment of such withholding, including, without limitation,
satisfaction of the obligation to pay Federal Insurance Contributions Act (FICA) taxes imposed under the Code and/or to pay state, local or foreign tax obligations arising from participation in the plan in accordance with Treasury Regulation section
1.409A-3(j)(4)(vi) or (xi). 
 F. Compliance with Code Section 409A. 

1. It is intended that the terms of the Plan and Participant and Beneficiary rights hereunder meet applicable requirements of Code
section 409A and the final Treasury Regulations promulgated thereunder so that a Participant or Beneficiary is not deemed to be in constructive receipt of compensation until such time as benefits are actually paid. The Plan shall be interpreted and
administered to the extent possible in a manner consistent with the foregoing statement of intent. 

  
 Bristol-Myers Squibb Company

 Benefit Equalization Plan – Retirement Income Plan 
 (Effective as of January 1, 2012) 
  
 23 

 2. In each case where the Plan provides for the payment of Benefits that were accrued or
vested after December 31, 2004 within a designated period of time after Separation From Service (e.g., within 90 days after Separation From Service) and such period begins and ends in different calendar years, the exact payment date within such
range shall be determined by the Plan Administrator, in its sole discretion, and the Participant shall have no right to designate the year in which payment shall be made. 
 3. In each case where the Plan provides for the payment of amounts on a specified date (for example, the first day of the month following Separation From Service), such amounts shall be treated as
distributed on that date if they are distributed no earlier than 30 days before such date and no later than the last day of the calendar year in which such date occurs, or, if later, by the 15th day of the third calendar month after such date
occurs, subject to and in accordance with the provisions of Treasury Regulation section 1.409A-3(d), including without limitation the requirement that the employee shall in no event have the right directly or indirectly to influence or designate the
taxable year of payment. 
 4. In no event whatsoever shall the Company be liable for any additional tax interest or penalties
that may be imposed on the Participant (or his Beneficiary) as a result of Code section 409A or any damages for failing to comply with Code section 409A. 
 G. Construction. 
 1. This Plan shall be construed, regulated,
administered and enforced under the laws of the State of New York, without regard to its conflict of laws provisions, to the extent such laws are not superseded by applicable federal law. 

2. Whenever appropriate, words used herein in the singular may be read in the plural, or words used herein in the plural may be read in
the singular; the masculine may be read to include the feminine and the feminine may be read to include the masculine. 
 3. The
illegality of any particular provision of this document shall not affect the other provisions and the document shall be construed in all respects as if such invalid provision were omitted. 

4. Headings and subheadings in the Plan are for reference only, and if there is any conflict between such headings or subheadings and the
text of the Plan, the text shall control. 

  
 Bristol-Myers Squibb Company

 Benefit Equalization Plan – Retirement Income Plan 
 (Effective as of January 1, 2012) 
  
 24 

 H. Successors and Assigns. The Plan shall be binding on the Company’s
successors and assigns. No right, title or interest of any kind in the Plan or any benefit under the Plan shall be (1) transferable or assignable by a Participant (or his Beneficiary), (2) be subject to alienation, anticipation, sale,
pledge, encumbrance, garnishment, attachment, levy, execution or other legal or equitable process, or (3) be subject to debts, contracts, liabilities or engagements, torts of any Participant (or his Beneficiary), pre-nuptial agreement, divorce
decree or agreement in relation to a divorce decree, other equitable property distribution incident to divorce or other dissolution of marriage, or court order including but not limited to a domestic relations order and/or a qualified domestic
relations order under the applicable Retirement Plan. Any attempt to alienate, sell, transfer, assign, pledge, garnish, attach or take any other action subject to legal or equitable process or encumber or dispose of any interest in the Plan shall be
void. 
 IX. EFFECTIVE DATE. 
 This amended and restated Plan shall be effective as of January 1, 2012 except as otherwise specified herein. 
 X. SPECIAL PROVISIONS RELATING TO THE SPIN-OFF OF U.S. MEAD JOHNSON TRANSFERRED EMPLOYEES. 
 A. Introduction. Pursuant to that certain Separation Agreement by and among the Company, Mead Johnson Nutrition Company, and MJN Restructuring Holdco, Inc., dated January 31, 2009 (the
“Separation Agreement”), the business of the Company was separated, effective as of the Separation Date (as defined below), into two independent businesses, the “Company Business” and the “Mead Johnson Business,” and
the assets and liabilities of the Mead Johnson Business were transferred to MJN Restructuring Holdco., Inc. and members of the “Mead Johnson Group” as that term is defined in Section 1.49 of that certain Employee Matters Agreement by
and between BMS and MJN Restructuring Holdco., Inc., dated January 31, 2009, (collectively referred to herein as “Mead Johnson”). Pursuant to the Separation Agreement, the Company and MJN Restructuring Holdco, Inc., entered into that
certain Employee Matters Agreement, dated January 31, 2009 (the “Employee Matters Agreement”), which allocated between them the assets, liabilities and responsibilities with respect to, among other things, certain employee benefit
plans and programs. Pursuant to the Employee Matters Agreement, and that certain Plan Transfer Agreement by and between the Company and MJN Restructuring Holdco, Inc., dated January 31, 2009 (the “Plan Transfer Agreement”), and
notwithstanding anything in this Plan to the contrary, and as outlined in more detail in this Section X and subject to all of the provisions contained herein, (1) effective on the Separation Date, Mead Johnson adopted the Mead Johnson Benefit
Equalization Plan — Retirement Income Plan (the “Mead Johnson Plan”) and ceased to be a Participating Employer in the Plan, and each Participant who is a “US Mead Johnson Transferred Employee,” as defined in the Employee
Matters Agreement, ceased accruing benefits under this Plan, (2) all benefit 

  
 Bristol-Myers Squibb Company

 Benefit Equalization Plan – Retirement Income Plan 
 (Effective as of January 1, 2012) 
  
 25 

 
obligations accrued pursuant to the Plan of the US Mead Johnson Transferred Employees were assigned to and assumed by Mead Johnson pursuant to the Mead Johnson Plan, and (3) on and after the
Separation Date, no employee of Mead Johnson shall be eligible to become a Participant in, or accrue or receive any benefit under, the Plan. This Section X is intended to provide provisions required to effectuate the foregoing. 

B. Effective Date. This Section X shall be effective as of February 9, 2009 (the “Separation Date”).

 C. Applicability. Notwithstanding anything in the Plan to the contrary, the provisions of this Section X modify
and shall supersede any provision of the Plan to the contrary. Each provision of the Plan other than those of this Section X, shall be subject to this Section X, and in the event of any inconsistency between such provision and Section X, the
provisions of this Section X shall govern. 
 D. Plan Spin-off. Notwithstanding anything in this Plan to the
contrary, and as provided in more detail in this Section X, effective as of the Separation Date: 
 1. Mead Johnson ceased to be
a Participating Employer in the Plan; 
 2. Each Participant who is a “US Mead Johnson Transferred Employee” (as
defined in the Employee Matters Agreement) ceased accruing benefits under this Plan; 
 3. The liability for all benefits under
the Plan of the US Mead Johnson Transferred Employees (including, without limitation, all accrued benefits as of the Separation Date, and all related benefits, rights and features, ancillary benefits, optional forms of distribution, and actual or
potential early retirement benefits and retirement-type subsidies to which such individuals may become entitled) (“Mead Johnson Liabilities”) were assigned to and assumed by Mead Johnson pursuant to the Mead Johnson Plan (such assignment
and assumption of Mead Johnson Liabilities being referred to as the “Spin-off”); and 
 4. On and after the Separation
Date, no employee of Mead Johnson shall be eligible to become a Participant in, or accrue or receive a benefit under, the Plan. 

E. Eligibility to Participate in the Plan. Notwithstanding anything in the Plan to the contrary, (1) the term
“Regular Full-Time Employee” shall not include any employee of Mead Johnson, and (2) no employee of Mead Johnson shall become a Participant in, or accrue benefits under, the Plan during any period in which he is employed by Mead
Johnson. In the case of an individual who was a Participant in the Plan prior to the Separation Date, who became a US Mead Johnson Transferred Employee on that date, and whose accrued benefit was transferred to the Mead Johnson Plan, such individual
shall no longer be eligible to participate in the Plan, to accrue any benefit under the Plan, or to receive any benefit under the Plan. 

  
 Bristol-Myers Squibb Company

 Benefit Equalization Plan – Retirement Income Plan 
 (Effective as of January 1, 2012) 
  
 26 

 F. Credited Service. In determining the benefit under the Plan, as of the
Separation Date, of each US Mead Johnson Transferred Employee that was transferred to the Mead Johnson Plan, only Hours of Service and Years of Service earned on or prior to the Separation Date, shall be taken into account for purposes of
calculating Credited Service. For all other purposes, Hours of Service and Years of Service with Mead Johnson, whether earned before or after the Separation Date, shall not be treated as Credited Service under the Plan, and no US Mead Johnson
Transferred Employee shall be entitled to any benefit under the Plan. 
 G. Final Average Compensation. In
determining the accrued benefit under the Plan, as of the Separation Date, of each US Mead Johnson Transferred Employee that was transferred to the Plan, “Final Average Compensation” shall be determined as if such US Mead Johnson
Transferred Employee incurred a Termination of Employment on the Separation Date (in the same manner as prescribed under Section 22.6 of the Retirement Income Plan.) 
 H. No Benefit Payable Hereunder. Notwithstanding anything in the Plan to the contrary, from and after the Separation Date, the Mead Johnson Plan shall be solely responsible for, and the
Plan, the fiduciaries with respect to the Plan, and the Company shall not have any liability for, any of the Mead Johnson Liabilities. Subject to Section I, below, (1) in no event shall any benefit be payable under the Plan to a US Mead Johnson
Transferred Employee; and (2) any additional service or compensation earned by such individual on or after the Separation Date shall not be taken account under this Plan for any purpose, and shall have no effect on, or cause any benefit to be
payable under, this Plan. 
 I. Rehires. Notwithstanding anything herein to the contrary, in the case of a US Mead
Johnson Transferred Employee who, prior to the Separation Date, was a Participant in the Plan and whose benefits under the Plan were transferred as of that date to the Mead Johnson Plan, and who later terminates employment with Mead Johnson and is
reemployed by Bristol-Myers Squibb Company (or one of its affiliates other than Mead Johnson) (“BMS”) and becomes a Participant in the Plan upon the satisfaction of the conditions of Section III: 

1. his Hours of Service and Years of Service (as defined by the applicable Retirement Plan) prior to his date of rehire by BMS, whether
as an employee of BMS or of Mead Johnson, shall not be recognized as Credited Service (as defined by the applicable Retirement Plan) and shall not be taken into account in the calculation of any benefit to which he may become entitled under the
terms of the Plan on account of his period of reemployment with BMS, provided that his Hours of Service and Years of Service shall be taken into account, in accordance with the terms of the Plan other than those of this Section X, for purposes of
determining his eligibility for and the vested status of any benefit to which he may become entitled under the Plan on account of his period of reemployment; 

  
 Bristol-Myers Squibb Company

 Benefit Equalization Plan – Retirement Income Plan 
 (Effective as of January 1, 2012) 
  
 27 

 2. his annual rate of compensation for all periods prior to his date of rehire, whether as
an employee of BMS or of Mead Johnson, shall not be taken into account in the calculation of any benefit to which he may become entitled under the Plan on account of his reemployment with BMS. 

J. No Separation from Service. The Spin-off shall in no event be construed to give rise to a Separation from Service under
the Plan that would entitle a Participant to a distribution, and in no event shall any US Mead Johnson Transferred Employee be entitled to a distribution of any benefit hereunder as a result of the Spin-off. The right of a US Mead Johnson
Transferred Employee to a distribution under the Mead Johnson Plan shall be determined under the terms of that Plan. 

  
 Bristol-Myers Squibb Company

 Benefit Equalization Plan – Retirement Income Plan 
 (Effective as of January 1, 2012) 
  
 28 

 EXHIBIT A 
 CLAIMS APPEAL GUIDELINES 
 (Attached) 

  
 A-1

 EXHIBIT B 
 TABLE I: Elections in Effect Made Prior to 2006 – General Rules 
  

					
	 Form of Payment Elected for

Pre-409A Benefits
	  	 Post-409A Benefits Paid in

Post-2007 Default Form
	  	 If Participant Makes an Election After 2006 Under
BEP-
 Retirement Income Plan

	 Lump Sum at same time as benefit
 commences under applicable
 Retirement Plan (“QBCD”)
	  	 Lump Sum upon Separation
 From Service
	  	 1.      Entire Benefit becomes subject to Code
section 409A.
  

2.      All Benefits distributed at same time and in same form.

 

3.      Available Option: Credit entire Benefit to BEP—Savings
Plan.
  

4.      MUST either have existing election under BEP—Savings Plan to
defer payment of post-409A BEP—Savings Plan account at least 5 years from Separation From Service or make election under BEP—Savings Plan that would defer payment of all amounts under BEP—Savings Plan at least 5 years from Separation
From Service .

	Credit to BEP—Savings Plan at QBCD	  	  

  
 A-2

 TABLE II: Elections in Effect made Prior to 2006 – by Participant 

 

					
	 Participant
	  	
Grandfathered Election for Payment of Pre-

409A Benefits
	  	 If Participant Makes an Election After 2006 Under
BEP-
 Retirement Income Plan

	PG	  	100% Lump Sum at QBCD	  	 1.      Entire Benefit becomes subject to Code
section 409A.
  

2.      All Benefits distributed at same time and in same form.

 

3.      Available Option: Credit entire Benefit to BEP—Savings Plan
upon Separation From Service.
  

4.      MUST either have existing election under BEP—Savings Plan to
defer payment of post-409A BEP—Savings Plan account at least 5 years from Separation From Service or make election under BEP—Savings Plan that would defer payment of all amounts under BEP—Savings Plan at least 5 years from Separation
From Service .

	MN	  	100% Lump Sum at QBCD	  
	DS	  	100% Lump Sum at QBCD	  
	JF	  	100% Lump Sum at QBCD	  
	HB	  	100% Credit to BEP—Savings Plan at QBCD	  
	RM	  	100% Credit to BEP—Savings Plan at QBCD	  

  
 A-3

 TABLE III: Split Elections – General Rules 

 

					
	 Grandfathered Election
 Applicable to Pre-409A

Benefits
	  	
Election Applicable to Post-2004 Benefits
	  	 If Participant Makes an Election After 2006 Under
BEP-Retirement
Income Plan

	Lump Sum at QBCD	  	Lump Sum upon Separation From Service (under default)	  	 1.      Entire Benefit becomes subject to Code
section 409A.
  

2.      All Benefits distributed at same time and in same form.

 

3.      Available Option: Credit entire benefit to BEP—Savings
Plan.
  

4.      MUST either have existing election under BEP—Savings Plan to
defer payment of post-409A BEP—Savings Plan account at least 5 years from Separation From Service or make election under BEP—Savings Plan that would defer payment of all amounts under BEP—Savings Plan at least 5 years from Separation
From Service .
  

5.      No further election allowed under the Plan

	Lump Sum at QBCD	  	Credit to BEP—Savings Plan Account upon Separation From Service	  
	 Credit to BEP—Savings Plan at
 QBCD
	  	Credit to BEP—Savings Plan Account upon Separation From Service	  

  
 A-4

 TABLE IV: Split Elections – by Participant 

 

							
	 Participant
	  	 Grandfathered Election

Applicable to Pre-409A
 Benefits
	  	
Election Applicable to Post-409A
 Benefits
	  	 If Participant Makes an Election After 2006 Under
BEP-
Retirement Income Plan

	CY	  	Lump Sum at QBCD	  	Lump Sum upon Separation From Service (under default)	  	 1.      Entire Benefit becomes subject to Code
section 409A.
  

2.      All Benefits distributed at same time and in same form.

 

3.      Available Option: Credit entire Benefit to BEP—Savings
Plan.
  

4.      MUST either have existing election under BEP—Savings Plan to
defer payment of post-409A BEP—Savings Plan account at least 5 years from Separation From Service or make election under BEP—Savings Plan that would defer payment of all amounts under BEP—Savings Plan at least 5 years from Separation
From Service .

	  
 RM
	  	  
 Lump Sum at QBCD
	  	  
 Credit to BEP—Savings Plan upon
Separation
	  
	  
 BC
	  	  
 Lump Sum at QBCD
	  	  
	  
 AC
	  	  
 Lump Sum at QBCD
	  	  
	  
 EF
	  	  
 Lump Sum at QBCD
	  	  
	  
 JC
	  	  
 Credit to BEP—Savings Plan at

QBCD
	  	  
	  
 FP
	  	  
 Credit to BEP—Savings Plan at

QBCD
	  	  
	  
 MP
	  	  
 Credit to BEP—Savings Plan at

QBCD
	  	  
	  
 JS
	  	  
 Credit to BEP—Savings Plan at

QBCD
	  	  

  
 A-5

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