Document:

Exhibit 10(h)(h)(h)

 

STOCK NOTIFICATION AND AWARD AGREEMENT

 

 

	
  Name:

  	
   

  	
  Employee ID:

  
	
   

  	
   

  	
   

  
	
  Manager Name:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Department:

  	
   

  	
   

  

 

 

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

 

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

 

Once
again, congratulations on a job well done.

 

 

 

Grant Date:

 

Grant Number:

 

Grant Price:

 

Award Amount:

 

Award Type/Sub Type:

 

Expiration Date:

 

Plan:

 

Program Type:

 

Vesting Schedule:

 

 

Restricted Stock Award

 

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

 

WITNESSETH:

 

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

 

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

 

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$0.01 par value Common Stock
(“Share(s)”) subject to the restrictions stated below and in accordance with
the terms and conditions of the Plan named above, a copy of which can be found
on the Stock Incentive Program website at: [URL]  or
by written or telephonic request to the Company Secretary.

 

THEREFORE, the parties agree as follows:

 

1.              Grant of Restricted Stock Award.

Subject to the terms and conditions of this Stock
Notification and Award Agreement and of the Plan, the Company hereby grants to
the Employee  the number of Shares stated above
(“Restricted Stock Award” or “RSA”).

 

2.              Vesting Schedule.

The interest of the Employee in the
RSA shall vest according to the vesting schedule set forth above.  Provided the Employee remains in the employ
of the Company on a continuous, full-time basis through the close of business
on the last vesting date set forth above, the interest
of the Employee in the RSA shall become fully vested on that date.

 

3.              Restrictions.

(a)         The Shares or rights granted
hereunder may not be sold, pledged or otherwise transferred until the RSA
becomes vested in accordance with Section 2.  The period of time between the date hereof
and the date the RSA becomes fully vested is referred to herein as the “Restriction
Period.”

 

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

 

4.              Legend.

All certificates representing any Shares subject to the
provisions of this Stock Notification and Award Agreement shall have endorsed
thereon the following legend:

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

 

5.              Escrow.

The Shares subject hereto shall be held in escrow in a
restricted book entry account with the Company’s transfer agent in the name of
the Employee.  Upon termination of the
Restriction Period, the Shares shall be released into an unrestricted book
entry account with the Company’s transfer agent; provided, however, that a
portion of such Shares shall be surrendered in payment of required withholding
taxes in accordance with Section 9 below, unless the Company, in its sole
discretion, establishes alternative procedures for the payment of required
withholding taxes.

 

6.              The Employee’s Stockholder Rights.

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

 

7.              Disability or Retirement of the
Employee.

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

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

 

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

 

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

 

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

 

8.              Death of the Employee.

In the event of the Employee’s death prior to the end of the
Restriction Period, the Employee’s estate or designated beneficiary shall have
the right to receive a pro rata number of Shares determined by the Company in
its discretion.  In the event of the
Employee’s death after the vesting date but prior to the payment of Shares,
said Shares shall be paid to the Employee’s estate or designated beneficiary.

 

9.              Taxes.

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

 

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

 

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

 

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(c)          In accepting the RSAs, the Employee
consents and agrees that in the event the RSAs become subject to an employer
tax that is legally permitted to be recovered from the Employee, as may be
determined by the Company and/or the Employer at their sole discretion, and
whether or not the Employee’s employment with the Company and/or the Employer
is continuing at the time such tax becomes recoverable, the Employee will
assume any liability for any such taxes that may be payable by the Company
and/or the Employer in connection with the RSAs.  Further, by accepting the RSAs, the Employee
agrees that the Company and/or the Employer may collect any such taxes from the
Employee by any of the means set forth in this Section 9.  The Employee further agrees to execute any
other consents or elections required to accomplish the above, promptly upon
request of the Company.

 

10.       Data Privacy Consent.

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

 

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

 

11.       Plan Information.

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

 

12.       Acknowledgment and Waiver.

By accepting this grant of RSAs, the Employee acknowledges
and agrees that: (i) the Plan is established voluntarily by the Company,
it is discretionary in nature and may be modified, amended, suspended or
terminated by the Company at any time; (ii) the grant of RSAs is voluntary
and occasional and does not create any contractual or other right to receive
future grants of Shares or RSAs, or benefits in lieu of Shares or RSAs, even if
Shares or RSAs have been granted repeatedly in the past; (iii) all
decisions with respect to future grants, if any, will be at the sole discretion
of the Company; (iv) the Employee’s participation in the Plan shall not
create a right to further employment with the Employer and shall not interfere
with the ability of the Employer to terminate the Employee’s employment
relationship at any time and it is expressly agreed and understood that
employment is terminable at the will of either party, insofar as permitted by
law; (v) the Employee is participating voluntarily in the Plan; (vi) RSAs
and their resulting benefits are not intended to replace any pension rights or
compensation; (vii) RSAs and their resulting benefits are not part of
normal or expected compensation or salary for any purposes, including, but not
limited to calculating any severance, resignation, termination, redundancy,
dismissal, end of service payments, bonuses, long-service awards, pension or
retirement or welfare benefits or similar payments insofar as permitted by law
and in no event should be considered as compensation for, or relating in any
way to, past services for the Company, the Employer or any Subsidiary or
Affiliate; (viii) this grant of RSAs will not be interpreted to form an
employment contract or relationship with the Company, and furthermore, this
grant of RSAs will not be interpreted to form an employment contract with the
Employer or any Subsidiary or Affiliate; 
(ix) the future value of the underlying Shares is unknown and
cannot be predicted with certainty; (x) no claim or entitlement to
compensation or damages shall arise from forfeiture of the RSAs resulting from
termination of Employee’s employment by the Company or the Employer (for any
reason whatsoever and whether or not in breach of local labor laws), and in
consideration of the grant of the RSAs to which the Employee is otherwise not
entitled, the Employee irrevocably agrees never to institute any claim against
the Company or the Employer, waives his or her ability, if any, to bring any
such claim, and releases the Company 

 

4

 

and the Employer from any such claim; if, notwithstanding
the foregoing, any such claim is allowed by a court of competent jurisdiction,
then, by participating in the Plan, the Employee shall be deemed irrevocably to
have agreed not to pursue such claim and to have agreed to execute any and all
documents necessary to request dismissal or withdrawal of such claims; (xi) notwithstanding
any terms or conditions of the Plan to the contrary, in the event of
termination of the Employee’s employment (whether or not in breach of local
labor laws), the Employee’s right to receive benefits under this Stock
Notification and Award Agreement after termination of employment, if any, will
be measured by the date of termination of Employee’s active employment and will
not be extended by any notice period mandated under local law (e.g., active
employment would not include a period of “garden leave” or similar period
pursuant to local law); (xiii) the Committee shall have the exclusive
discretion to determine when the Employee is no longer actively employed for
purposes of the RSAs.

 

13.       No Advice Regarding Grant.

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

 

14.       Miscellaneous.

(a)         The Company shall not be required (i) to
transfer on its books any Shares which shall have been sold or transferred in
violation of any of the provisions set forth in this Stock Notification and
Award Agreement, or (ii) to treat as owner of such Shares or to accord the
right to vote as such owner or to pay dividends to any transferee to whom such
Shares shall have been so transferred.

 

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

 

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

 

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

 

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

 

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

 

(g)         Electronic Delivery.

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

 

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

 

(i)             Appendix.

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

 

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advisable in order to comply with local law or
facilitate the administration of the Plan. 
The Appendix constitutes part of this Stock Notification and Award
Agreement.

 

(j)             Imposition of Other Requirements.

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

 

 

HEWLETT-PACKARD COMPANY

 

 

Léo Apotheker

CEO and
President

 

 

Michael J.
Holston

Executive
Vice President, General Counsel and Secretary

 

 

RETAIN THIS STOCK NOTIFICATION
AND AWARD AGREEMENT FOR YOUR RECORDS

 

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

 

6Exhibit
10(i)(i)(i)

 

	
  

  	
  STOCK NOTIFICATION AND AWARD AGREEMENT

  	
   

  

 

 

	
  Name:

  	
  Employee ID:

  
	
   

  	
   

  
	
  Manager Name:

  	
   

  
	
   

  	
   

  
	
  Department:

  	
   

  

 

 

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

 

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

 

Once
again, congratulations on a job well done.

 

 

 

Grant Date:

 

Grant Number:

 

Grant Price:

 

Award Amount:

 

Award Type/Sub Type:

 

Expiration Date:

 

Plan:

 

Program Type:

 

Vesting Schedule:

 

 

Non-Qualified Stock Option

 

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

 

WITNESSETH:

 

WHEREAS, the
Company has established the Plan named above, a copy of which can be found on
the Stock Incentive Program website at: [URL]  or
by written or telephonic request to the Company Secretary, and which Plan is
made a part hereof; and

 

1

 

WHEREAS, the HR and Compensation Committee of the Board of
Directors of the Company or its delegates (“Committee”) has determined that the
Employee shall be granted a stock option under the Plan as hereinafter set
forth;

 

NOW THEREFORE, the parties hereby agree that the Company
grants the Employee a stock option (“Stock Option”) to purchase the number of
shares stated above of its $0.01 par value voting Common Stock (“Share(s)”)
upon the terms and conditions set forth herein.

 

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

 

2.                   The Grant Price is the price per
Share set forth above.

 

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

 

4.                   This Stock Option will vest and
become exercisable according to the vesting schedule set forth above.    Notwithstanding the foregoing, this Stock
Option shall be exercisable in full upon the retirement of the Employee, in
accordance with the applicable retirement policy, or permanent and total
disability, or upon his death.

 

5.                   This Stock Option will expire on the
expiration date set forth above, unless sooner terminated or canceled in
accordance with the provisions of the Plan and this Stock Notification and
Award Agreement.  You must exercise your
award, if at all, on a day the New York Stock Exchange is open for trading and
on or before the expiration date noted above.  
The Employee shall be solely responsible for exercising this Stock
Option, if at all, prior to its expiration date.  The Company shall have no obligation to
notify the Employee of this Stock Option’s expiration.

 

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

 

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

 

8.              Taxes.

(a)         The Employee shall be liable for any
and all taxes, including income tax, social insurance, payroll tax, payment on
account or other tax-related items related to the Employee’s participation in
the Plan and legally applicable or otherwise recoverable from the Employee
(such as fringe benefit tax) by the Company and/or the Employee’s employer (the
“Employer”) (“Tax-Related Items”).  In
the event that the Company or the Employer is required, allowed or permitted to
withhold taxes as a result of the grant or vesting of Stock Options, or
subsequent sale of Shares acquired pursuant to such Stock Options, the Employee
shall make a cash payment or make adequate arrangements satisfactory to the Company
and/or the Employer to withhold such taxes from Employee’s wages or other cash
compensation paid to the Employer by the Company and/or the Employer at the
election of the Company, in its sole discretion, or, if permissible under local
law, the Company may sell or arrange for the sale of Shares that Employee
acquires as necessary to cover all applicable required withholding taxes that
are legally recoverable from the Employee (such as fringe benefit tax) and
required social security contributions at the time the Stock Options are
exercised, unless the Company, in its sole discretion, has established
alternative procedures for such payment. 
To the extent that any payment of cash or alternative procedure for such
payment is insufficient, the Employee

 

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authorizes the Company, its Affiliates and Subsidiaries,
which are qualified to deduct tax at source, to deduct from the Employee’s
compensation all Tax-related Items.  The
Employee agrees to pay any amounts that cannot be satisfied from wages or other
cash compensation, to the extent permitted by law.

 

To avoid negative accounting treatment, the Company and/or
the Employer may withhold or account for Tax-Related Items by considering
applicable minimum statutory withholding amounts or other applicable
withholding rates.

 

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

 

(c)          In accepting the Stock Option, the
Employee consents and agrees that in the event the Stock Option becomes subject
to an employer tax that is legally permitted to be recovered from the Employee,
as may be determined by the Company and/or the Employer at their sole
discretion, and whether or not the Employee’s employment with the Company
and/or the Employer is continuing at the time such tax becomes recoverable, the
Employee will assume any liability for any such taxes that may be payable by
the Company and/or the Employer in connection with the Stock Option.  Further, by accepting the Stock Option, the
Employee agrees that the Company and/or the Employer may collect any such taxes
from the Employee by any of the means set forth in this Section 7.  The Employee further agrees to execute any
other consents or elections required to accomplish the above promptly upon
request of the Company.

 

9.                   By accepting this
Stock Option grant, the Employee acknowledges and agrees that: (i) the
Plan is established voluntarily by the Company, it is discretionary in nature
and may be modified, amended, suspended or terminated by the Company at any
time; (ii) the grant of Stock Options is voluntary and occasional and does
not create any contractual or other right to receive future grants of Stock
Options, or benefits in lieu of Stock Options, even if Stock Options have been
granted repeatedly in the past; (iii) all decisions with respect to future
grants, if any, will be at the sole discretion of the Company; (iv) the
Employee’s participation in the Plan shall not create a right to further
employment with the Employer and shall not interfere with the ability of the
Employer to terminate the Employee’s employment relationship at any time and it
is expressly agreed and understood that employment is terminable at the will of
either party, insofar as permitted by law; 
(v)  the Employee is participating voluntarily in the Plan; (vi) Stock
Options and their resulting benefits are not intended to replace any pension
rights or compensation; (vii) Stock Options and their resulting benefits
are not part of normal or expected compensation or salary for any purposes,
including, but not limited to calculating any severance, resignation,
termination, redundancy, dismissal, end of service payments, bonuses,
long-service awards, pension or retirement or welfare benefits or similar
payments insofar as permitted by law and in no event should be considered as
compensation for, or relating in any way to, past services for the Company, the
Employer or any Subsidiary or Affiliate; (viii) this grant of Stock Options
will not be interpreted to form an employment contract or relationship with the
Company, and furthermore, this Stock Option grant will not be interpreted to
form an employment contract with the Employer or any Subsidiary or Affiliate;  (ix) the future value of the underlying
Shares is unknown and cannot be predicted with certainty; (x) no claim or
entitlement to compensation or damages shall arise from forfeiture of the Stock
Options resulting from termination of Employee’s employment by the Company or
the Employer (for any reason whatsoever and whether or not in breach of local
labor laws), and in consideration of the grant of the Stock Options to which
the Employee is otherwise not entitled, the Employee irrevocably agrees never
to institute any claim against the Company or the Employer, waives his or her
ability, if any, to bring any such claim, and releases the Company and the
Employer from any such claim; if, notwithstanding the foregoing, any such claim
is allowed by a court of

 

3

 

competent jurisdiction, then, by
participating in the Plan, the Employee shall be deemed irrevocably to have
agreed not to pursue such claim and to have agreed to execute any and all
documents necessary to request dismissal or withdrawal of such claims; (xi) notwithstanding
any terms or conditions of the Plan to the contrary, in the event of
termination of the Employee’s employment (whether or not in breach of local
labor laws), the Employee’s right to receive benefits under this Stock
Notification and Award Agreement after termination of employment, if any, will
be measured by the date of termination of Employee’s active employment and will
not be extended by any notice period mandated under local law (e.g., active
employment would not include a period of “garden leave” or similar period
pursuant to local law); the Committee shall have the exclusive discretion to
determine when the Employee is no longer actively employed for purposes of the
Stock Options.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

16.            Any capitalized terms not defined
herein shall have the same meaning they have in the Plan.

 

17.            Notwithstanding any provisions in
this Stock Notification and Award Agreement, the grant of the Stock Options
shall be subject to any special terms and conditions set forth in the Appendix
to this Stock Notification and Award Agreement for the Employee’s country.  Moreover, if the Employee relocates to one of
the countries included in the Appendix, the special terms and conditions for
such country will apply to the Employee, to the

 

4

 

extent the Company determines that the application of
such terms and conditions is necessary or advisable in order to comply with
local law or facilitate the administration of the Plan.  The Appendix constitutes part of this Stock
Notification and Award Agreement.

 

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

 

 

HEWLETT-PACKARD COMPANY

 

 

Léo Apotheker

CEO and
President

 

 

Michael J.
Holston

Executive
Vice President, General Counsel and Secretary

 

 

RETAIN THIS STOCK NOTIFICATION
AND AWARD AGREEMENT FOR YOUR RECORDS

 

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

 

5

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