Document:

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                                                                     Exhibit 4.4

                   HOSPIRA 2004 LONG-TERM STOCK INCENTIVE PLAN

               (As Amended and Restated as of the Effective Date)

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                   HOSPIRA 2004 LONG-TERM STOCK INCENTIVE PLAN
               (AS AMENDED AND RESTATED AS OF THE EFFECTIVE DATE)

                                    SECTION 1

                                     GENERAL

     1.1  PURPOSE, EFFECTIVE DATE AND TERM. The purpose of this Hospira 2004
Long-Term Stock Incentive Plan (the "Plan") is to promote the longer-term
financial success of Hospira, Inc. (the "Company") and its subsidiaries by
providing a means to attract, retain and reward individuals who can and do
contribute to such success and to further identify their interests with those of
the Company's shareholders. The "Effective Date" of the Plan is the date on
which the shares of the Company are distributed to the shareholders of Abbott
Laboratories pursuant to the Separation and Distribution Agreement entered into
between the Company and Abbott Laboratories (the "Distribution"). The Plan shall
be unlimited in duration and, in the event of Plan termination, shall remain in
effect as long as any awards under it are outstanding; provided, however, that
no awards may be granted under the Plan after the ten-year anniversary of the
most recent approval of the Plan by the Company's shareholders.

     1.2  ADMINISTRATION. The authority to control and manage the operation of
the Plan shall be vested in a committee of the Company's Board of Directors (the
"Committee") in accordance with Section 6.1.

     1.3  PARTICIPATION. Each recipient of an Abbott Conversion Award as
described in Section 4 and each other employee or director of the Company or any
subsidiary of the Company who is granted an award in accordance with the terms
of the Plan shall be a "Participant" in the Plan. Awards under the Plan shall be
limited to employees and directors of the Company; provided, however, that an
award (other than an award of an ISO) may be granted to an individual prior to
the date on which he first performs services as an employee or director
(including individuals who it is anticipated will transfer from Abbott to the
Company within 24 months following the Distribution) provided that such award
does not become vested prior to the date such individual commences such
services.

     1.4  DEFINITIONS. Capitalized terms in the Plan shall be defined as set
forth in the Plan (including the definition provisions of Section 9).

                                    SECTION 2

                                     AWARDS

     2.1  GENERAL. Any award under the Plan may be granted singularly, in
combination with another award (or awards), or in tandem whereby the exercise or
vesting of one award held by a Participant cancels another award held by the
Participant. Each award under the Plan shall be subject to the terms and
conditions of the Plan and such additional terms, conditions, limitations and
restrictions as the Committee shall provide with respect to such award. Subject
to Section 2.3, an award may be granted as an alternative to or replacement of
an existing award under the Plan or any other plan of the Company or any
subsidiary or as the form of payment for

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grants or rights earned or due under any other compensation plan or arrangement
of the Company or its subsidiaries, including without limitation the Hospira
Non-Employee Directors' Fee Plan and the plan of any entity acquired by the
Company or any subsidiary. The types of awards that may be granted under the
Plan include:

     (a)  STOCK OPTIONS. A stock option represents the right to purchase shares
     of Stock at an Exercise Price established by the Committee. Any option may
     be either an incentive stock option (an "ISO") that is intended to satisfy
     the requirements applicable to an "incentive stock option" described in
     section 422(b) of the Code or a non-qualified option that is not intended
     to be an ISO, provided, that no ISOs may be granted after the ten-year
     anniversary of the earlier of the date of adoption or shareholder
     approval of the Plan. Unless otherwise specifically provided by its terms,
     any option granted under the Plan shall be a non-qualified option.

     (b)  STOCK APPRECIATION RIGHTS. A stock appreciation right (a "SAR") is a
     right to receive, in cash or Stock, an amount equal to or based upon the
     excess of: (a) the Fair Market Value of a share of Stock at the time of
     exercise, over (b) an Exercise Price established by the Committee.

     (c)  STOCK AWARDS. A stock award is a grant of shares of Stock or a right
     to receive shares of Stock (or their cash equivalent or a combination of
     both) in the future. Such awards may include, but shall not be limited to,
     bonus shares, stock units, performance shares, performance units,
     restricted stock or restricted stock units.

     (d)  CASH INCENTIVE AWARDS. A cash incentive award is the grant of a right
     to receive a payment of cash, determined on an individual basis or as an
     allocation of an incentive pool (or Stock having a value equivalent to the
     cash otherwise payable) that is contingent on the achievement of
     performance objectives.

     2.2  EXERCISE OF OPTIONS AND SARS. An option or SAR shall be exercisable in
accordance with such terms and conditions and during such periods as may be
established by the Committee. In no event, however, shall an option or SAR
expire later than ten years after the date of its grant. The "Exercise Price" of
each option and SAR shall not be less than the par value of a share of Stock;
provided however, that the Exercise Price of an ISO shall not be less than 100%
of the Fair Market Value of a share of Stock on the date of grant. The payment
of the Exercise Price of an option shall be by cash or, subject to limitations
imposed by applicable law, by such other means as the Committee may from time to
time permit, including, without limitation, (i) by promissory note, (ii) by
tendering, either actually or by attestation, shares of Stock acceptable to the
Committee, and valued at Fair Market Value as of the day of exercise, (iii) by
irrevocably authorizing a third party, acceptable to the Committee, to sell
shares of Stock (or a sufficient portion of the shares) acquired upon exercise
of the option and to remit to the Company a sufficient portion of the sale
proceeds to pay the entire Exercise Price and any tax withholding resulting from
such exercise or (iv) by any combination thereof.

     2.3  NO REPRICING. Except for adjustments pursuant to Section 3.4 (relating
to the adjustment of shares), and reductions of the Exercise Price approved by
the Company's stockholders, the Exercise Price for any outstanding option may
not be decreased after the date of grant nor may an outstanding option granted
under the Plan be surrendered to the Company as consideration for the grant of a
replacement option with a lower exercise price.

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     2.4  PERFORMANCE-BASED COMPENSATION. Any award under the Plan which is
intended to be "performance-based compensation" within the meaning of section
162(m) of the Code shall be conditioned on the achievement of one or more
objective performance measures, to the extent required by Code section 162(m) as
may be determined by the Committee.

     (a)  PERFORMANCE MEASURES. Such performance measures may be based on any
     one or more of the following: earnings (e.g., earnings before interest and
     taxes; earnings before interest, taxes, depreciation and amortization; or
     earnings per share); financial return ratios (e.g., return on investment;
     return on invested capital; return on equity; or return on assets);
     increase in revenue, operating or net cash flows; cash flow return on
     investment; total shareholder return; market share; net operating income,
     operating income or net income; debt load reduction; expense management;
     economic value added; stock price; and strategic business objectives,
     consisting of one or more objectives based on meeting specific cost
     targets, business expansion goals and goals relating to acquisitions or
     divestitures. Performance measures may be based on the performance of the
     Company as a whole or of any one or more business units of the Company and
     may be measured relative to a peer group or an index.

     (b)  PARTIAL ACHIEVEMENT. The terms of any such award may provide that
     partial achievement of the performance measures may result in a payment or
     vesting based upon the degree of achievement.

     (c)  EXTRAORDINARY ITEMS. In establishing any performance measures, the
     Committee may provide for the exclusion of the effects of the following
     items, to the extent identified in the audited financial statements of the
     Company, including footnotes, or in the Management Discussion and Analysis
     section of the Company's annual report: (i) extraordinary, unusual, and/or
     nonrecurring items of gain or loss; (ii) gains or losses on the disposition
     of a business; (iii) changes in tax or accounting principles, regulations
     or laws; or (iv) mergers or acquisitions. To the extent not specifically
     excluded, such effects shall be included in any applicable performance
     measure.

     2.5  DIVIDENDS AND DIVIDEND EQUIVALENTS. Any award under the Plan,
including without limitation any option or SAR, may provide the Participant with
the right to receive dividend payments or dividend equivalent payments with
respect to Stock subject to the award, which payments may be either made
currently or credited to an account for the Participant, and may be settled in
cash or Stock.

     2.6  DEFERRAL OF PAYMENT. To the extent permitted by the Committee or the
terms of any award under the Plan, a Participant may defer receipt of the cash
or Stock otherwise payable under the award and be credited with interest or
dividend equivalents with respect thereto; provided, however, that any award
otherwise payable in stock shall continue to be payable only in stock.

     2.7  NON-U.S. AWARDS. The Committee may grant awards, in its sole
discretion, to employees and directors of the Company and its subsidiaries who
are residing in jurisdictions outside of the United States. For purposes of the
foregoing, the Committee may, in its sole discretion, vary the terms of the Plan
in order to conform any awards to the legal and tax

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requirements of each non-U.S. jurisdiction where such individual resides. The
Committee may, in its sole discretion, establish one or more sub-plans of the
Plan and/or may establish administrative rules and procedures to facilitate the
operation of the Plan in such non-U.S. jurisdictions. For purposes of clarity,
any terms contained herein which are subject to variation in a non-U.S.
jurisdiction and any administrative rules and procedures established for a
non-U.S. jurisdiction shall be reflected in a written addendum to the Plan. To
the extent permitted under applicable law, the Committee may delegate its
authority and responsibilities under this Section 2.7 of the Plan to one or more
officers of the Company.

                                    SECTION 3

                             SHARES SUBJECT TO PLAN

     3.1  AVAILABLE SHARES. The shares of Stock with respect to which awards may
be made under the Plan shall be shares currently authorized but unissued or
currently held or, to the extent permitted by applicable law, subsequently
acquired by the Company as treasury shares, including shares purchased in the
open market or in private transactions.

     3.2  SHARE LIMITATIONS. Subject to the following provisions of this
subsection 3.2, the maximum number of shares of Stock that may be delivered to
Participants and their beneficiaries under the Plan shall be equal to Thirty One
Million (31,000,000) shares of Stock (all of which may be granted as ISOs). The
maximum number of shares of Stock that may be issued in conjunction with awards
other than options and SARS shall be 25% of that number of shares in the
immediately preceding sentence.

     (a)  REUSE OF SHARES. To the extent any shares of Stock covered by an award
     are forfeited or are not delivered to a Participant or beneficiary for any
     reason, including because the award is forfeited or canceled, or is settled
     in cash or used to satisfy the applicable tax withholding obligation, such
     shares shall not be deemed to have been delivered for purposes of
     determining the maximum number of shares of Stock available for delivery
     under the Plan

     (b)  NET SHARES. If the exercise price of any stock option granted under
     the Plan is satisfied by tendering shares of Stock to the Company (either
     actually or by attestation), only the number of shares of Stock issued net
     of the shares of Stock tendered shall be deemed delivered for purposes of
     determining the maximum number of shares of Stock available for delivery
     under the Plan.

     3.3  LIMITATIONS ON GRANTS TO INDIVIDUALS.

     (a)  OPTIONS AND SARS. The maximum number of shares of Stock that may be
     subject to options or SARs granted to any Participant during any calendar
     year (excluding any awards intended to constitute Conversion Awards) shall
     be One Million (1,000,000).

     (b)  STOCK AWARDS. The maximum number of shares of Stock that may be
     subject to stock awards described under paragraph 2.1(c) which are granted
     to any Participant during any calendar year and are intended to be
     "performance-based compensation" (as

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     that term is used for purposes of Code section 162(m)), shall be Five
     Hundred Thousand (500,000).

     (c)  CASH INCENTIVE AWARDS. The maximum dollar amount that may be payable
     to a Participant pursuant to cash incentive awards described under
     paragraph 2.1(d) which are granted to any Participant during any calendar
     year and are intended to be "performance-based compensation" (as that term
     is used for purposes of Code section 162(m)), shall be Five Million Dollars
     ($5 million).

     (d)  DIRECTOR FEES. Other than with respect to initial grants to new
     Directors or one-time grants due to extraordinary circumstances, the
     maximum number of shares that may be covered by awards granted to any one
     individual non-employee director pursuant to Section 2.1(a) and 2.1(b)
     (relating to options and SARs) shall be One Hundred Thousand (100,000)
     shares during any calendar year under the terms of the Hospira Non-Employee
     Director's Fee Plan and the maximum number of shares that may be covered by
     awards granted to any one individual non-employee director pursuant to
     Section 2.1(c) (relating to Other Stock awards) shall be Fifty Thousand
     (50,000) shares during any calendar year under the terms of the Hospira
     Non-Employee Director's Fee Plan. The foregoing limitations shall not apply
     to cash-based director fees that the Non-Employee Director elects to
     receive in the form of Stock or Stock Units.

     (e)  DIVIDEND, DIVIDEND EQUIVALENTS AND EARNINGS. For purposes of
     determining whether an award is intended to be qualified as a
     performance-based compensation, the foregoing limitations of this Section
     3.3, (i) the right to receive dividends and dividend equivalents with
     respect to any award which is not yet vested shall be treated as a separate
     award, and (ii) if the delivery of any shares or cash under an award is
     deferred, any earnings, including dividends and dividend equivalents, shall
     be disregarded.

     3.4  CORPORATE TRANSACTIONS. Subject to paragraphs (a) and (b) below, in
the event of a corporate transaction involving the Company (including, without
limitation, any stock dividend, stock split, extraordinary cash dividend,
recapitalization, reorganization, merger, consolidation, split-up, spin-off,
combination or exchange of shares), the Committee may adjust awards to preserve
the benefits or potential benefits of the awards and the Plan. Action by the
Committee may include: (i) adjustment of the number and kind of shares which may
be delivered under the Plan; (ii) adjustment of the number and kind of shares
subject to outstanding awards; (iii) adjustment of the Exercise Price of
outstanding options and SARs; and (iv) any other adjustments that the Committee
determines to be equitable (which may include, without limitation, (I)
replacement of awards with other awards which the Committee determines have
comparable value and which are based on stock of a company resulting from the
transaction, and (II) cancellation of the award in return for cash payment of
the current value of the award, determined as though the award was fully vested
at the time of payment, provided that in the case of an option or SAR, the
amount of such payment may be the excess of the value of the Stock subject to
the option or SAR at the time of the transaction over the Exercise Price).

     (a)  Notwithstanding any other provision of this Plan, including the terms
     of any award granted hereunder, if the outstanding common shares of the
     Company shall be combined, or be changed into, or exchanged for, another
     kind of stock of the Company,

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     into securities of another corporation, or into property (including cash)
     whether through recapitalization, reorganization, sale, merger,
     consolidation, spin-off, business combination or a similar transaction (a
     "Transaction"), the Company shall cause its successor, acquiror (or
     ultimate parent of any successor or acquiror), as applicable, to assume
     each stock option and SAR outstanding immediately prior to the Transaction
     (or to cause new options or rights to be substituted therefor). Pursuant to
     such assumed or substituted option or rights, holders of such option or
     right shall thereafter be entitled to receive, upon due exercise of any
     portion of the option or right, (a) in the event of a Transaction in which
     the outstanding common shares of the Company are combined, or changed into,
     or exchanged for, solely another kind of stock of the Company or securities
     of another corporation (disregarding, for this purpose, cash paid in lieu
     of fractional shares), the securities which that person would have been
     entitled to receive for common shares acquired through exercise of the same
     portion of such option or right immediately prior to the effective date of
     such Transaction, and (b) in the event of a Transaction in which the
     outstanding common shares of the Company are changed into, or exchanged
     for, property (including cash) other than solely stock of the Company or
     securities of another corporation (disregarding, for this purpose, cash
     paid in lieu of fractional shares), securities the fair market value of
     which immediately following the effective date of such Transaction (as
     determined by the Committee) equals the fair market value (as determined by
     the Committee) of the property which that person would have been entitled
     to receive for common shares acquired through exercise of the same portion
     of such option or right immediately prior to the effective date of such
     Transaction. In each case such assumed or substituted option or right shall
     continue to be subject to the same terms and conditions (including, without
     limitation, with respect to any right to receive "replacement options" upon
     option exercise) to which it was subject immediately prior to the
     Transaction.

     (b)  Notwithstanding the immediately preceding paragraph, upon a
     Transaction in which the outstanding common shares of the Company are
     changed into, or exchanged for, property (including cash) other than solely
     stock of the Company or securities of another corporation (disregarding,
     for this purpose, cash paid in lieu of fractional shares) and which
     constitutes a Change in Control, each holder of an option or SAR may elect
     to receive, immediately following such Transaction in exchange for
     cancellation of any stock option or SAR held by such person immediately
     prior to the Transaction, a cash payment, with respect to each common share
     subject to such option or right, equal to the difference between the value
     of consideration (as determined by the Committee) received by the
     shareholders for a common share of the Company in the Transaction, less any
     applicable purchase price.

     3.5  DELIVERY OF SHARES. Delivery of shares of Stock or other amounts under
the Plan shall be subject to the following:

     (a)  COMPLIANCE WITH APPLICABLE LAWS. Notwithstanding any other provision
     of the Plan, the Company shall have no obligation to deliver any shares of
     Stock or make any other distribution of benefits under the Plan unless such
     delivery or distribution complies with all applicable laws (including,
     without limitation, the requirements of the Securities

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     Act of 1933), and the applicable requirements of any securities exchange or
     similar entity.

     (b)  CERTIFICATES. To the extent that the Plan provides for the issuance of
     shares of Stock, the issuance may be effected on a non-certificated basis,
     to the extent not prohibited by applicable law or the applicable rules of
     any stock exchange.

                                    SECTION 4

                            ABBOTT CONVERSION AWARDS

     4.1  GENERAL. Certain employees transferred to the employ of the Company
and its subsidiaries have received awards under the Plan ("Conversation Awards")
as of the Effective Date as replacement awards for awards granted under the
Abbott Laboratories 1996 Incentive Stock Program and the Abbott Laboratories
1991 Incentive Stock Program (the "Abbott Plans") and cancelled in connection
with the Distribution. The number of such Conversion Awards has been determined
by applying a conversion ratio established by the committee administering the
Abbott Plans in accordance with the terms of such plans on a basis intended to
be consistent with Section 424 of the Code and applicable accounting principles.

     4.2  SHARE LIMITATIONS. Conversion Awards shall be taken into account in
applying the share limitations set forth in Section 3.2, but shall be excluded
in calculating the individual limitations under Section 3.3(a).

     4.3  REPLACEMENT OPTIONS. If an option granted under the Plan constitutes a
Conversion Award with respect to an option under the Abbott Plans that provided
for the grant of replacement stock options if all or a portion of the exercise
price or taxes incurred in connection with the exercise of the option are paid
with the delivery (or in the case of payment of taxes, the withholding of
shares) of other shares of Abbott Laboratories, then the Conversion Award shall
provide for a replacement stock option (a "Replacement Option"). Each
Replacement Option shall cover the number of shares of Stock surrendered (by
actual delivery or by attestation) to satisfy the Exercise Price, plus the
number of shares surrendered (by actual delivery or attestation) or withheld to
satisfy the Participant's tax liability, shall have an Exercise Price equal to
100% of the of the Fair Market Value of Stock on the date such Replacement
Option is granted, shall be first exercisable six months from the date of grant
of the Replacement Option and shall have the expiration date of the original
option.

                                    SECTION 5

                                CHANGE IN CONTROL

     5.1  Subject to the provisions of Section 3.4 (relating to the adjustment
of shares), and except as otherwise provided in the Plan or the terms of any
award:

     (a)  If a Participant who is an employee or Director of the Company or a
     subsidiary at the time of a Change in Control then holds one or more
     outstanding options or SARs, all such options and SARs then held by the
     Participant shall become fully exercisable on and after the date of the
     Change in Control (subject to the expiration provisions otherwise

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     applicable to the option or SAR), and any Stock purchased by the
     Participant under such option or acquired under such SAR following such
     Change in Control shall be fully vested upon exercise.

     (b)  If a Participant who is an employee or Director of the Company or a
     subsidiary at the time of a Change in Control then holds one or more stock
     awards described in paragraph 2.1(c) or cash incentive awards described in
     paragraph 2.1(d), such awards shall be fully earned and vested (and all
     performance measures deemed to be achieved).

     5.2  CHANGE IN CONTROL. For purposes of this Plan, unless otherwise
provided in an Award Agreement, the term "Change in Control" shall be deemed to
have occurred on the earliest of the following dates:

     (a)  the date any Person is or becomes the Beneficial Owner, directly or
     indirectly, of securities of the Company (not including in the securities
     beneficially owned by such Person any securities acquired directly from the
     Company or its Affiliates) representing 20% or more of the combined voting
     power of the Company's then outstanding securities, excluding any Person
     who becomes such a Beneficial Owner in connection with a transaction
     described in clause (a) of paragraph 5.2(c) below; or

     (b)  the date the following individuals cease for any reason to constitute
     a majority of the number of directors then serving: individuals who, on the
     date hereof, constitute the Board of Directors and any new director (other
     than a director whose initial assumption of office is in connection with an
     actual or threatened election contest, including but not limited to a
     consent solicitation, relating to the election of directors of the Company)
     whose appointment or election by the Board of Directors or nomination for
     election by the Company's shareholders was approved or recommended by a
     vote of at least two-thirds (2/3) of the directors then still in office who
     either were directors on the date hereof or whose appointment, election or
     nomination for election was previously so approved or recommended; or

     (c)  the date on which there is consummated a merger or consolidation of
     the Company or any direct or indirect subsidiary of the Company with any
     other corporation or other entity, other than (a) a merger or consolidation
     (I) immediately following which the individuals who comprise the Board of
     Directors immediately prior thereto constitute at least a majority of the
     Board of Directors of the Company, the entity surviving such merger or
     consolidation or, if the Company or the entity surviving such merger or
     consolidation is then a subsidiary, the ultimate parent thereof and (II)
     which results in the voting securities of the Company outstanding
     immediately prior to such merger or consolidation continuing to represent
     (either by remaining outstanding or by being converted into voting
     securities of the surviving entity or any parent thereof), in combination
     with the ownership of any trustee or other fiduciary holding securities
     under an employee benefit plan of the Company or any subsidiary of the
     Company, at least 50% of the combined voting power of the securities of the
     Company or such surviving entity or any parent thereof outstanding
     immediately after such merger or consolidation, or (b) a merger or
     consolidation effected to implement a recapitalization of the Company (or
     similar transaction) in which no Person is or becomes the Beneficial Owner,
     directly or

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     indirectly, of securities of the Company (not including in the securities
     Beneficially Owned by such Person any securities acquired directly from the
     Company or its Affiliates) representing 20% or more of the combined voting
     power of the Company's then outstanding securities; or

     (d)  the date the shareholders of the Company approve a plan of complete
     liquidation or dissolution of the Company or there is consummated an
     agreement for the sale or disposition by the Company of all or
     substantially all of the Company's assets, other than a sale or disposition
     by the Company of all or substantially all of the Company's assets to an
     entity, at least 50% of the combined voting power of the voting securities
     of which are owned by shareholders of the Company, in combination with the
     ownership of any trustee or other fiduciary holding securities under an
     employee benefit plan of the Company or any subsidiary of the Company, in
     substantially the same proportions as their ownership of the Company
     immediately prior to such sale.

     (e)  Notwithstanding the foregoing, a "Change in Control" shall not be
     deemed to have occurred by virtue of the consummation of any transaction or
     series of integrated transactions immediately following which the record
     holders of the common stock of the Company immediately prior to such
     transaction or series of transactions continue to have substantially the
     same proportionate ownership in an entity which owns all or substantially
     all of the assets of the Company immediately following such transaction or
     series of transactions.

     (f)  For purposes of this Plan: "Affiliate" shall have the meaning set
     forth in Rule 12b-2 promulgated under Section 12 of the Exchange Act;
     "Beneficial Owner" shall have the meaning set forth in Rule 13d-3 under the
     Exchange Act; "Exchange Act" shall mean the Securities Exchange Act of
     1934, as amended from time to time; and "Person" shall have the meaning
     given in Section 3(a)(9) of the Exchange Act, as modified and used in
     Sections 13(d) and 14(d) thereof, except that such term shall not include
     (i) the Company or any of its subsidiaries, (ii) a trustee or other
     fiduciary holding securities under an employee benefit plan of the Company
     or any of its Affiliates, (iii) an underwriter temporarily holding
     securities pursuant to an offering of such securities, or (iv) a
     corporation owned, directly or indirectly, by the shareholders of the
     Company in substantially the same proportions as their ownership of stock
     of the Company.

     5.3  AMENDMENT OF SECTION 5. The provisions of this Section 5 may not be
amended or deleted, nor superseded by any other provision of this Plan during
the pendency of a Potential Change in Control. A "Potential Change in Control"
shall exist during any period in which the circumstances described in paragraphs
(a), (b), (c) or (d), below, exist (provided, however, that a Potential Change
in Control shall cease to exist not later than the occurrence of a Change in
Control):

     (a)  The Company enters into an agreement, the consummation of which would
     result in the occurrence of a Change in Control, provided that a Potential
     Change in Control described in this Section 5.3 shall cease to exist upon
     the expiration or other termination of all such agreements.

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     (b)  Any Person (without regard to the exclusions set forth in subsections
     (i) through (iv) of such definition) publicly announces an intention to
     take or to consider taking actions the consummation of which would
     constitute a Change in Control; provided that a Potential Change in Control
     described in this paragraph (b) shall cease to exist upon the withdrawal of
     such intention, or upon a determination by the Board of Directors that
     there is no reasonable chance that such actions would be consummated.

     (c)  Any Person becomes the Beneficial Owner, directly or indirectly, of
     securities of the Company representing 10% or more of either the then
     outstanding shares of common stock of the Company or the combined voting
     power of the Company's then outstanding securities (not including in the
     securities beneficially owned by such Person any securities acquired
     directly from the Company or its Affiliates).

     (d)  The Board of Directors adopts a resolution to the effect that, for
     purposes of this Agreement, a Potential Change in Control exists; provided
     that a Potential Change in Control described in this paragraph (d) shall
     cease to exist upon a determination by the Board of Directors that the
     reasons that gave rise to the resolution providing for the existence of a
     Potential Change in Control have expired or no longer exist.

                                    SECTION 6

                                    COMMITTEE

     6.1  ADMINISTRATION. The authority to control and manage the operation and
administration of the Plan shall be vested in a committee (the "Committee") in
accordance with this Section 6. The Committee shall be selected by the Board.
Subject to applicable stock exchange rules, if the Committee does not exist, or
for any other reason determined by the Board, the Board may take any action
under the Plan that would otherwise be the responsibility of the Committee.
Notwithstanding the foregoing, with respect to any action, determination,
interpretation or modification with respect to a specific Award granted to a
non-Employee Director, other than ministerial actions, the Committee shall be
comprised of the Board.

     6.2  POWERS OF COMMITTEE. The Committee's administration of the Plan shall
be subject to the following:

     (a)  Subject to the provisions of the Plan, the Committee will have the
     authority and discretion to select from among the Company's employees and
     directors those persons who shall receive awards, to determine the time or
     times of receipt, to determine the types of awards and the number of shares
     covered by the awards, to establish the terms, conditions, performance
     criteria, restrictions, and other provisions of such awards, and (subject
     to the restrictions imposed by Section 7) to cancel or suspend awards.

     (b)  To the extent that the Committee determines that the restrictions
     imposed by the Plan preclude the achievement of the material purposes of
     the awards in jurisdictions outside the United States, the Committee will
     have the authority and discretion to modify those restrictions as the
     Committee determines to be necessary or appropriate to conform to
     applicable requirements or practices of jurisdictions outside of the United
     States.

                                       10
<Page>

     (c)  The Committee will have the authority and discretion to interpret the
     Plan, to establish, amend, and rescind any rules and regulations relating
     to the Plan, and to make all other determinations that may be necessary or
     advisable for the administration of the Plan.

     (d)  Any interpretation of the Plan by the Committee and any decision made
     by it under the Plan is final and binding on all persons.

     (e)  In controlling and managing the operation and administration of the
     Plan, the Committee shall take action in a manner that conforms to the
     articles and by-laws of the Company, and applicable state corporate law.

     6.3  DELEGATION BY COMMITTEE. Except to the extent prohibited by applicable
law, the applicable rules of a stock exchange or this Plan, or as necessary to
comply with the exemptive provisions of Rule 16b-3 of the Exchange Act, the
Committee may allocate all or any portion of its responsibilities and powers to
any one or more of its members and may delegate all or any part of its
responsibilities and powers to any person or persons selected by it, including
without limitation, (a) delegating to a committee of one or more members of the
Board who are not "independent directors" within the meaning of Section 162(m)
of the Code, the authority to grant awards under the Plan to eligible persons
who are either (i) not then "covered employees," within the meaning of Section
162(m) of the Code and are not expected to be "covered employees" at the time of
recognition of income resulting from such award or (ii) not persons with respect
to whom the Company wishes to comply with Section 162(m) of the Code and/or (b)
delegating to a committee of one or more members of the Board who are not
"non-employee directors," within the meaning of Rule 16b-3, the authority to
grant awards under the Plan to eligible persons who are not then subject to
Section 16 of the Exchange Act. Any such allocation or delegation may be revoked
by the Committee at any time. To the extent permitted by applicable law and
resolution of the Board, the Committee may delegate all or any part of its
responsibilities to any officer of the Company.

     6.4  INFORMATION TO BE FURNISHED TO COMMITTEE. As may be permitted by
applicable law, the Company and its subsidiaries shall furnish the Committee
with such data and information as it determines may be required for it to
discharge its duties. The records of the Company and its subsidiaries as to an
employee's or Participant's employment, termination of employment, leave of
absence, reemployment and compensation shall be conclusive on all persons unless
determined to be incorrect. Subject to applicable law, Participants and other
persons entitled to benefits under the Plan must furnish the Committee such
evidence, data or information as the Committee considers desirable to carry out
the terms of the Plan.

                                    SECTION 7

                            AMENDMENT AND TERMINATION

     Subject to the limitations of Section 5.3, the Board may, at any time,
amend or terminate the Plan, and may amend any Award Agreement, provided that no
amendment or termination may, in the absence of written consent to the change by
the affected Participant (or, if the Participant is not then living, the
affected beneficiary), adversely affect the rights of any

                                       11
<Page>

Participant or beneficiary under any Award granted under the Plan prior to the
date such amendment is adopted by the Board; and further provided, that
adjustments pursuant to Section 3.4 shall not be subject to the foregoing
limitations of this Section 7; and further provided that no amendment may (i)
remove the provisions of subsection 2.3 (relating to option repricing), (ii)
materially increase the benefits accruing to Participants under the Plan, (iii)
materially increase the aggregate number of securities which may be issued under
the Plan, or (iv) materially modify the requirements for participation in the
Plan, unless the amendment is approved by the Company's stockholders.

                                    SECTION 8

                                  GENERAL TERMS

     8.1  NO IMPLIED RIGHTS.

     (a)  NO RIGHTS TO SPECIFIC ASSETS. Neither a Participant nor any other
     person shall, by reason of participation in the Plan, acquire any right in
     or title to any assets, funds or property of the Company or any subsidiary
     whatsoever, including, without limitation, any specific funds, assets, or
     other property which the Company or any subsidiary, in its sole discretion,
     may set aside in anticipation of a liability under the Plan. A Participant
     shall have only a contractual right to the Stock or amounts, if any,
     payable under the Plan, unsecured by any assets of the Company or any
     subsidiary, and nothing contained in the Plan shall constitute a guarantee
     that the assets of the Company or any subsidiary shall be sufficient to pay
     any benefits to any person.

     (b)  NO CONTRACTUAL RIGHT TO EMPLOYMENT OR FUTURE AWARDS. The Plan does not
     constitute a contract of employment, and selection as a Participant will
     not give any participating employee the right to be retained in the employ
     of the Company or any subsidiary, nor any right or claim to any benefit
     under the Plan, unless such right or claim has specifically accrued under
     the terms of the Plan. Except as otherwise provided in the Plan, no award
     under the Plan shall confer upon the holder thereof any rights as a
     shareholder of the Company prior to the date on which the individual
     fulfills all conditions for receipt of such rights.

     8.2  TRANSFERABILITY. The Committee may provide at the time it makes an
award under the Plan or at any time thereafter that such award may be
transferable by the Participant, subject to such limitations as the Committee
may impose. Except as otherwise so provided by the Committee, awards under the
Plan are not transferable except as designated by the Participant by will or by
the laws of descent and distribution.

     8.3  FORM AND TIME OF ELECTIONS. Unless otherwise specified herein, each
election required or permitted to be made by any Participant or other person
entitled to benefits under the Plan, and any permitted modification, or
revocation thereof, shall be filed with the Company at such times, in such form,
and subject to such restrictions and limitations, not inconsistent with the
terms of the Plan, as the Committee shall require.

                                       12
<Page>

     8.4  EVIDENCE. Evidence required of anyone under the Plan may be by
certificate, affidavit, document or other information which the person acting on
it considers pertinent and reliable, and signed, made or presented by the proper
party or parties.

     8.5  TAX WITHHOLDING. All distributions under the Plan are subject to
withholding of all applicable taxes, and the Committee may condition the
delivery of any shares or other benefits under the Plan on satisfaction of the
applicable withholding obligations. Except as otherwise provided by the
Committee, such withholding obligations may be satisfied (i) through cash
payment by the Participant; (ii) through the surrender of shares of Stock which
the Participant already owns; or (iii) through the surrender of shares of Stock
to which the Participant is otherwise entitled under the Plan; provided,
however, that except as otherwise specifically provided by the Committee, such
shares under clause (iii) may not be used to satisfy more than the Company's
minimum statutory withholding obligation.

     8.6  ACTION BY COMPANY OR SUBSIDIARY. Any action required or permitted to
be taken by the Company or any subsidiary shall be by resolution of its board of
directors, or by action of one or more members of the board (including a
committee of the board) who are duly authorized to act for the board, or (except
to the extent prohibited by applicable law or applicable rules of any stock
exchange) by a duly authorized officer of such company.

     8.7  SUCCESSORS. All obligations of the Company under this Plan shall be
binding upon and inure to the benefit of any successor to the Company, whether
the existence of such successor is the result of a direct or indirect purchase,
merger, consolidation, or otherwise, of all or substantially all of the
business, stock, and/or assets of the Company.

     8.8  GENDER AND NUMBER. Where the context admits, words in any gender shall
include any other gender, words in the singular shall include the plural and the
plural shall include the singular.

                                    SECTION 9

                                  DEFINED TERMS

     In addition to the other definitions contained herein, the following
definitions shall apply:

     (a)  AFFILIATES. The term "Affiliates" has the meaning ascribed to it in
     paragraph 5.2(f).

     (b)  BENEFICIAL OWNER. The term "Beneficial Owner" has the meaning ascribed
     to it in paragraph 5.2(f).

     (c)  BOARD. The term "Board" means the Board of Directors of the Company.

     (d)  CHANGE IN CONTROL. The term "Change in Control" has the meaning
     ascribed to it in Section 5.2.

                                       13
<Page>

     (e)  CODE. The term "Code" means the Internal Revenue Code of 1986, as
     amended. A reference to any provision of the Code shall include reference
     to any successor provision of the Code.

     (f)  COMMITTEE. The term "Committee" means the Committee acting under
     Section 6.

     (g)  COMPANY. The term "Company" means Hospira, Inc. and its successors and
     assigns.

     (h)  CONVERSION AWARD. The term "Conversion Award" means an award described
     in Section 4.1.

     (i)  DIRECTOR. The term "Director" means a member of the Board.

     (j)  DISTRIBUTION. The term "Distribution" means the distribution of
     Company shares to shareholders of Abbott Laboratories pursuant to the
     Separation and Distribution Agreement.

     (k)  EXCHANGE ACT. The term "Exchange Act" has the meaning ascribed to it
     by paragraph 5.2(f).

     (l)  EXERCISE PRICE. The term "Exercise Price" means the price established
     with respect to an option or SAR pursuant to Section 2.2.

     (m)  FAIR MARKET VALUE. The "Fair Market Value" of the Stock at any time
     shall be determined in such manner as the Committee may deem equitable, or
     as required by applicable law or regulation.

     (n)  ISO. The term ISO has the meaning ascribed to it in paragraph 2.1(a).

     (o)  PARTICIPANT. The term "Participant" means any individual who has
     received an award under the Plan.

     (p)  PERSON. The term "Person" has the meaning ascribed to it by paragraph
     5.2(f).

     (q)  POTENTIAL CHANGE IN CONTROL. The term "Potential Change in Control"
     has the meaning ascribed to it in Section 5.3.

     (r)  SAR. The term "SAR" has the meaning ascribed to it in paragraph
     2.1(b).

     (s)  SEPARATION AND DISTRIBUTION AGREEMENT. The term "Separation and
     Distribution Agreement" means the agreement entered into between the
     Company and Abbott Laboratories pursuant to which Abbott Laboratories
     accomplished the spin-off of the Hospira Business (as defined therein).

     (t)  STOCK. The term "Stock" means common stock of the Company.

     (u)  TRANSACTION. The term "Transaction" has the meaning ascribed to it in
     paragraph 3.4(a).

                                       14<Page>

                                                                     Exhibit 4.4

                     HOSPIRA 401(k) RETIREMENT SAVINGS PLAN

                       (Established Effective May 1, 2004)

<Page>

                                TABLE OF CONTENTS

<Table>
<S>                                                                                        <C>
ARTICLE 1. INTRODUCTION                                                                     1
   1.1.    Purpose                                                                          1
   1.2.    History of the Plan                                                              1
ARTICLE 2. PARTICIPATION                                                                    1
   2.1.    Date of Participation                                                            1
   2.2.    Enrollment of Participants                                                       1
   2.3.    Re-employment of Participant                                                     1
   2.4.    Duration of Participation                                                        3
   2.5.    Participation by Additional Participating Employers                              3
   2.6.    Securities Law Restrictions                                                      3
ARTICLE 3. CONTRIBUTIONS                                                                    4
   3.1.    Participant Contributions                                                        4
   3.2.    Employee Pre-Tax Contributions                                                   4
   3.3.    Employee After-Tax Contributions                                                 4
   3.4.    Contribution Agreements                                                          4
   3.5.    Catch-Up Contributions                                                           5
   3.6.    Employer Contributions                                                           5
   3.7.    Qualified Non-elective Employer Contributions                                    5
   3.8.    Time for Making and Crediting of Contributions                                   6
   3.9.    Certain Limits Apply                                                             6
   3.10.   Return of Contributions                                                          6
   3.11.   Special Limits for Corporate Officers                                            7
ARTICLE 4. PARTICIPANT ACCOUNTS                                                             7
   4.1.    Accounts                                                                         7
   4.2.    Adjustment of Accounts                                                           7
ARTICLE 5. INVESTMENT OF ACCOUNTS                                                           8
   5.1.    Investment Funds                                                                 8
   5.2.    Investment of Employer Contributions and Reinvestment of Company Stock           8
   5.3.    Investment Elections                                                             8
   5.4.    Default Investment Fund                                                          8
   5.5.    Participant Direction of Investments                                             9
   5.6.    Dividends on Company Stock                                                       9
   5.7.    Voting of Company Stock                                                          9
ARTICLE 6. WITHDRAWALS PRIOR TO SEPARATION FROM SERVICE                                     9
   6.1.    In-service Withdrawals of After-Tax Contributions                                9
   6.2.    Required Distributions After Age 70 1/2.                                        12
   6.3.    Distributions Required by a Qualified Domestic Relations Order                  13
   6.4.    Participant's Consent to Distribution of Benefits and Direct Rollover Notice    13
ARTICLE 7. LOANS TO PARTICIPANTS                                                           13
   7.1.    In General                                                                      13
   7.2.    Rules and Procedures                                                            14
   7.3.    Maximum Amount of Loan                                                          14
   7.4.    Minimum Amount of Loan; Number of Loans; Frequency of Loans; Fees for Loans     14
</Table>

<Page>

<Table>
<S>                                                                                        <C>
   7.5.    Note; Security; Interest                                                        14
   7.6.    Repayment                                                                       15
   7.7.    Repayment upon Distribution                                                     15
   7.8.    Default                                                                         15
   7.9.    Nondiscrimination                                                               16
   7.10.   Source of Loan Proceeds                                                         16
   7.11.   Reinvestment of Loan Repayments                                                 16
ARTICLE 8. BENEFITS UPON RETIREMENT, DEATH OR SEPARATION FROM SERVICE                      16
   8.1.    Retirement                                                                      16
   8.1A.   Separation from Service for Reasons Other Than Death or Retirement              16
   8.2.    Time of Distributions                                                           17
   8.3.    Amount and Manner of Distribution                                               18
   8.4.    Distributions After a Participant's Death                                       19
   8.5.    Designation of Beneficiary                                                      21
ARTICLE 9. ADMINISTRATION                                                                  22
   9.1.    Board of Review                                                                 22
   9.2.    Administrator                                                                   22
   9.3.    Powers of Administrator                                                         22
   9.4.    Nondiscriminatory Exercise of Authority                                         23
   9.5.    Reliance on Tables, etc                                                         23
   9.6.    Claims and Review Procedures                                                    23
   9.7.    Indemnification                                                                 23
   9.8.    Expenses and Compensation                                                       24
   9.9.    Notices; Participant Information                                                24
ARTICLE 10. AMENDMENT AND TERMINATION                                                      24
   10.1.   Amendment                                                                       24
   10.2.   Termination                                                                     25
   10.3.   Distributions upon Termination of the Plan                                      25
   10.4.   Merger or Consolidation of Plan; Transfer of Plan Assets                        26
ARTICLE 11. LIMITS ON CONTRIBUTIONS                                                        26
   11.1.   Code Section 404 Limits                                                         26
   11.2.   Code Section 415 Limits                                                         26
   11.3.   Code Section 402(g) Limits                                                      27
   11.4.   Code Section 401(k)(3) Limits                                                   28
   11.5.   Code Section 401(m) Limits                                                      31
   11.6.   Aggregation Rules                                                               33
ARTICLE 12. ROLLOVER AND TRANSFER CONTRIBUTIONS                                            33
   12.1.   Rollover Contributions                                                          33
   12.2.   Transfer of Amount Distributed from IRA or Other Plan                           34
   12.3.   Monitoring of Rollovers                                                         34
   12.4.   Transfer Contribution                                                           34
   12.5.   Treatment of Transferred Amount under the Plan                                  35
ARTICLE 13. SPECIAL TOP-HEAVY PROVISIONS                                                   35
   13.1.   Provisions to Apply                                                             35
   13.2.   Minimum Contribution                                                            35
</Table>

<Page>

<Table>
<S>                                                                                        <C>
   13.3.   Definitions                                                                     36
   13.4.   Separate Top Heavy Determinations for Subsidiaries                              37
ARTICLE 14. MISCELLANEOUS                                                                  37
   14.1.   Exclusive Benefit Rule                                                          37
   14.2.   Limitation of Rights                                                            37
   14.3.   Nonalienability of Benefits                                                     38
   14.4.   Changes in Vesting Schedule                                                     38
   14.5.   Governing Law                                                                   38
ARTICLE 15. DEFINITIONS                                                                    38
   15.1.   Abbott Plan                                                                     38
   15.2.   Abbott Stock                                                                    38
   15.3.   Accounts                                                                        38
   15.4.   Administrator                                                                   39
   15.5.   Affiliated Corporation                                                          39
   15.6.   Alternate Payee                                                                 39
   15.7.   Beneficiary                                                                     39
   15.8.   Board of Directors                                                              39
   15.9.   Board of Review                                                                 39
   15.10.  Break Year                                                                      39
   15.11.  Code                                                                            39
   15.12.  Company Stock                                                                   39
   15.13.  Compensation                                                                    39
   15.14.  Contribution Agreement                                                          40
   15.15.  Corporation                                                                     41
   15.16.  Co-Trustees                                                                     41
   15.17.  Division                                                                        41
   15.18.  Effective Date                                                                  41
   15.19.  Eligible Employee                                                               41
   15.20.  Employee                                                                        42
   15.21.  Employee After-Tax Contribution                                                 42
   15.22.  Employee After-Tax Contribution Account                                         42
   15.23.  Employee Pre-Tax Contribution                                                   42
   15.24.  Employee Pre-Tax Contribution Account                                           42
   15.25.  Employer                                                                        42
   15.26.  Employer Contributions                                                          42
   15.27.  Employer Contribution Account                                                   43
   15.28.  Entry Date                                                                      43
   15.29.  ERISA                                                                           43
   15.30.  Highly Compensated Employee                                                     43
   15.31.  Hour of Service                                                                 43
   15.32.  Investment Fund                                                                 43
   15.33.  Participant                                                                     43
   15.34.  Period of Credited Service                                                      43
   15.35.  Plan                                                                            44
   15.36.  Plan Year                                                                       45
   15.37.  Qualified Domestic Relations Order                                              45
</Table>

<Page>

<Table>
   <S>                                                                                     <C>
   15.38.  Qualified Non-elective Employer Contribution                                     45
   15.39.  Regulation                                                                      45
   15.40.  Rollover Contribution Account                                                   45
   15.41.  Rollover Contribution                                                           45
   15.42.  Section                                                                         45
   15.43.  Subsidiary                                                                      45
   15.44.  Transfer Contribution                                                           45
   15.45.  Transfer Contribution Account                                                   45
   15.46.  Transferred Employee                                                            45
   15.47.  Trust                                                                           45
   15.48.  Trustee                                                                         46
   15.49.  Valuation Date                                                                  46
   15.50.  Year of Credited Service                                                        46
</Table>

<Page>

                             ARTICLE 1. INTRODUCTION

     1.1.    PURPOSE. This document sets forth the provisions of the Hospira
401(k) Retirement Savings Plan (the "Plan"), effective as of May 1, 2004. The
Plan and its related trust, the Hospira 401(k) Retirement Savings Trust (the
"Trust"), are intended to constitute a profit sharing plan and trust under Code
sections 401(a) and 501(a), the cash or deferred arrangement forming part of the
Plan is intended to qualify under Code section 401(k), and the provisions of the
Plan and Trust shall be construed and applied accordingly.

     1.2.    HISTORY OF THE PLAN. Effective on or about April 30, 2004, Abbott
Laboratories ("Abbott") is transferring to its wholly owned subsidiary, Hospira,
Inc. (the "Corporation") substantially all of Abbott's assets and liabilities
used in its hospital products division, and employees in such division are being
transferred from employment with Abbott to employment with the Corporation.
Abbott is then spinning off to its shareholders all of the shares of common
stock of the Corporation. This Plan is being established to provide benefits to
employees of the Corporation, including employees ("Transferred Employees") who
are transferring employment from Abbott to the Corporation as of April 30, 2004.
As soon as practicable after such date, the accounts held for Transferred
Employees in the Abbott Laboratories Stock Retirement Program, Part A, Abbott
Laboratories Stock Retirement Plan ("Abbott Plan") are being transferred to this
Plan and corresponding assets are being transferred from the Abbott Laboratories
Stock Retirement Trust to the Trust; such accounts will be held until
distributed, all in accordance with the terms of the Plan and Trust. Any
elections and beneficiary designations in effect for Transferred Employees under
the Abbott Plan as of April 30, 2004 shall remain effective unless and until
those elections or designations are subsequently changed in accordance with the
terms of this Plan.

                            ARTICLE 2. PARTICIPATION

     2.1.    DATE OF PARTICIPATION. Each individual who was an "eligible
employee" under the Abbott Plan on April 30, 2004 and is an Eligible Employee on
May 1, 2004 shall be eligible to enroll and be a Participant in the Plan.
Beginning May 1, 2004, each other Eligible Employee shall become a Participant
on any Entry Date following his or her date of hire after he or she has
completed the applicable forms under Sections 2.2 and 3.4.

     2.2.    ENROLLMENT OF PARTICIPANTS. An Eligible Employee shall become a
Participant by signing an application form furnished by the Administrator within
30 days after he or she receives the application, or by such other means as the
Administrator establishes for enrollment. Such application shall authorize the
Participant's Employer to deduct from his or her Compensation (or reduce his or
her Compensation by) the contributions required under Section 3.2, 3.3 or 3.5,
whichever is applicable.

     2.3.    RE-EMPLOYMENT OF PARTICIPANT. If an Employee's employment with the
Corporation, an Affiliated Corporation or a Subsidiary should terminate and such
Employee is subsequently re-employed by the Corporation, an Affiliated
Corporation or a Subsidiary, the

                                       -1-
<Page>

following shall apply:

     (a)     If the re-employment occurs before the Employee has a Break Year,
             the Period of Credited Service to which he or she was entitled at
             the time of termination shall be reinstated, the period of his or
             her absence (but not to exceed 12 months) shall be included in his
             or her Period of Credited Service, and he or she will be reinstated
             as a Participant on his or her date of reemployment, if the
             Participant is an Eligible Employee on that date.

     (b)     If an Employee is reemployed after a Break Year, and at the time of
             termination he or she was not a Participant in the Plan, then:

             (i)    If the Employee's Years of Credited Service to which he or
                    she was entitled at the time of termination exceeds his or
                    her number of consecutive Break Years, the Period of
                    Credited Service to which he or she was entitled at the time
                    of termination shall be reinstated.

             (ii)   If the Employee's number of consecutive Break Years equals
                    or exceeds the greater of 5 years or the aggregate Period of
                    Credited Service to which he or she was entitled at the time
                    of termination, the Employee shall be considered as a new
                    Employee for all purposes of the Plan and any Period of
                    Credited Service to which he or she was entitled prior to
                    the date of termination shall be disregarded.

     (c)     If an Employee is reemployed after a Break Year, and at the time of
             termination he or she was a Participant in the Plan, the Period of
             Credited Service to which he or she was entitled at the time of
             termination shall be reinstated.

     (d)     If a Participant is transferred or is given a leave of absence for
             a temporary or indefinite period for the purpose of becoming an
             Employee of a Subsidiary or an Affiliated Corporation which is not
             an Employer hereunder, and such Participant is not treated as an
             Eligible Employee under Section 15.19(b), he or she will continue
             as a Participant until his or her retirement date or earlier
             termination of service with the Corporation, all Affiliated
             Corporations and all Subsidiaries, except that during such period
             the Employee may not make any contributions and will not be
             credited with any Employer contributions except for a pro rata
             share of his or her Employer's contributions for the year in which
             the transfer is made or the leave began, as the case may be, based
             upon his or her own contributions and service up to the date of
             such transfer or the date such leave began, as the case may be. If
             a Participant's employment with the Corporation, all Affiliated
             Corporations and all Subsidiaries is terminated by reason of his or
             her death, retirement or otherwise while he or she is employed by
             the Corporation, any Affiliated Corporation or any Subsidiary which
             is not an Employer hereunder, the Participant will be considered to
             have terminated his or her employment with the Employers at the
             same time and for the same reason.

                                       -2-
<Page>

     (e)     In the case of maternity or paternity absence (as defined below),
             an Employee shall be deemed to be employed by the Corporation, an
             Affiliated Corporation, or any Subsidiary (solely for purposes of
             determining whether the Employee has incurred a Break Year) during
             the calendar year following the calendar year in which his or her
             employment terminated. A "maternity or paternity absence" means an
             Employee's absence from work because of the pregnancy of the
             Employee or birth of a child of the Employee, the placement of a
             child with the Employee in connection with the adoption of such
             child by the Employee, or for purposes of caring for the child
             immediately following such birth or placement. The Administrator
             may require the Employee to furnish such information as the
             Administrator considers necessary to establish that the employee's
             absence was for one of the reasons specified above.

     2.4.    DURATION OF PARTICIPATION. An individual who has become a
Participant under the Plan will remain a Participant for as long as an Account
is maintained under the Plan for his or her benefit, or until his or her death,
if earlier. Notwithstanding the preceding sentence and unless otherwise
expressly provided for under the Plan, no contributions under the Plan shall be
made on behalf of any Participant, unless the Participant is an Eligible
Employee at the time for which the contribution or allocation is made.

     2.5     PARTICIPATION BY ADDITIONAL PARTICIPATING EMPLOYERS. The Board of
Review may extend the Plan to any nonparticipating Division by filing with the
Trustee and the Co-Trustees a certified copy of an appropriate resolution by the
Board of Review to that effect. Any Subsidiary or Affiliated Corporation may
adopt the Plan and become a participating Employer hereunder by:

     (a)     filing with the Board of Review, the Trustee and Co-Trustees a
             written instrument to that effect, and;

     (b)     filing with the Trustee and the Co-Trustees a certified copy of a
             resolution of the Board of Review consenting to such action.

     At the time the Plan is extended to any Division of the Corporation or is
adopted by any Subsidiary or Affiliated Corporation or any time thereafter, the
Board of Review may modify the Plan or any of its terms as applied to said
Division, Subsidiary, or Affiliated Corporation and its employees. The Board of
Review may include in the Plan any employee of any prior separate business
entity, part or all of which was acquired by or becomes a part of any Employer.
To the extent and on the terms so provided by the Board of Review at the time of
acquisition, or at any subsequent date or in any Supplement to the Plan, the
last continuous period of employment of any employee with such prior separate
business entity, part or all of which is or was acquired by, or becomes a part
of any Employer, will be considered a Period of Credited Service.

     2.6.    SECURITIES LAW RESTRICTIONS. The Administrator may, from time to
time, impose such restrictions on participation in the Plan, as the
Administrator deems advisable, to facilitate compliance with federal and state
securities laws, to secure exemption under any rule of the

                                       -3-
<Page>

Securities and Exchange Commission, or to comply with the Corporation's
corporate policy with respect to "blackout periods" related to Company Stock.
Such restrictions shall apply to all Participants or to such individual
Participants as the Administrator shall determine in his or her sole discretion
and may include but shall not be limited to (i) moratoriums on purchases, sales,
withdrawals or distributions of Company Stock; (ii) moratoriums on loans and
transfers into and out of Company Stock; and (iii) suspensions of Employee
After-Tax Contributions and Employee After-Tax Contributions allocated to
Company Stock.

                            ARTICLE 3. CONTRIBUTIONS

     3.1     PARTICIPANT CONTRIBUTIONS. Except as provided in Section 2.6, each
Participant who has satisfied the eligibility requirements of Section 2.1 may
have Employee Pre-Tax Contributions made to the Plan on his or her behalf as
described in Section 3.2 and may elect to have Employee After-Tax Contributions
made to the Plan on his or her behalf as described in Section 3.3.

     3.2.    EMPLOYEE PRE-TAX CONTRIBUTIONS. Each Participant who is an Eligible
Employee may enter into a Contribution Agreement with the Employer under which
the Participant agrees that his or her Compensation for each pay period shall be
reduced in multiples of one percent (or such other multiples as the
Administrator shall determine), and the Employer will contribute to the Trust an
equal amount as an Employee Pre-Tax Contribution; provided that the aggregate of
a Participant's Employee Pre-Tax Contribution and Employee After-Tax
Contribution may not exceed 18% of his or her Compensation. For purposes of this
Section 3.2, Compensation shall be limited to that portion of his or her
Compensation as is determined from time to time by the Board of Directors or the
Board of Review. Each Participant who makes such contributions shall be eligible
to share in the Employer Contributions under Section 3.6.

     3.3.    EMPLOYEE AFTER-TAX CONTRIBUTIONS. Each Participant who is an
Eligible Employee may enter into a Contribution Agreement with the Employer
under which the Participant agrees that there shall be deducted from his or her
Compensation for each pay period an amount expressed in multiples of one percent
(or such other multiples as the Administrator shall determine), and the Employer
will contribute to the Trust an equal amount as an Employee After-Tax
Contribution; provided that a Participant's Employee After-Tax Contribution may
not exceed 10% of his or her Compensation; and provided further that the
aggregate of the Participant's Employee Pre-Tax Contribution and After-Tax
Contribution may not exceed 18% of his or her Compensation.

     3.4.    CONTRIBUTION AGREEMENTS. Each Contribution Agreement shall be on a
form prescribed or approved by the Administrator or in such manner as the
Administrator finds acceptable, and may be entered into, changed or revoked by
the Participant, with such prior notice as the Administrator may prescribe, as
of the first day of any pay period with respect to Compensation payable
thereafter. A Contribution Agreement shall be effective with respect to
Compensation payable to a Participant after the date determined by the
Administrator, but not

                                       -4-
<Page>

earlier than the date on which the Agreement is entered. The Administrator may
reject, amend or revoke the Contribution Agreement of any Participant if the
Administrator determines that the rejection, amendment, or revocation is
necessary to ensure that the limitations referred to in Section 3.9 and Article
11 are not exceeded.

     3.5.    CATCH-UP CONTRIBUTIONS.. Each Participant who is eligible to make
elective deferrals under the Plan and who has attained age 50 before the close
of the plan year shall be eligible to make catch-up contributions in accordance
with, and subject to the limitations of, Section 414(v) of the Code. Such
catch-up contributions shall not be taken into account for purposes of the
provisions of the Plan implementing the required limitations of Sections 402(g)
and 415 of the Code. The plan shall not be treated as failing to satisfy the
provisions of the plan implementing the requirements of Section 401(k)(3),
401(k)(11), 401(k)(12), 410(b), or 416 of the Code, as applicable, by reason of
the making of such catch-up contributions.

     3.6     EMPLOYER CONTRIBUTIONS. For each payroll period, the Employers
shall make Employer Contributions to the Trust for the benefit of each
Participant who is an Eligible Employee at any time during the payroll period
and on whose behalf Employee Pre-Tax Contributions or Employee After-Tax
Contributions have been made at any time during the payroll period. The amount
of Employer Contributions made by the Employer for each payroll period on and
after the Effective Date and ending on December 31, 2004 shall equal 5% of the
Compensation of any Participant who contributes at least 2% of his or her
Compensation. For all subsequent periods, the amount of Employer Contributions
made by the Employers for a payroll period shall be the amount determined by the
Board of Directors for such payroll period. Employer Contributions shall be
allocated among the Employer Contribution Accounts of the eligible Participants
on whose behalf such contributions are made, as of the day on which the payroll
is paid. If such Employee Pre-Tax Contributions include Company Stock, the
Trustee, except as provided in Section 4.2, shall invest the amount of the
Employer Contribution allocated to such Employee Pre-Tax Contribution in Company
Stock. Company Stock shall be purchased and sold by the Trustee on the open
market or from the Corporation in accordance with stock trading procedures
established by the Co-Trustees and agreed to by the Trustee. The number of full
and fractional shares of Company stock to be so allocated to the Employer
Contribution Account of each eligible Participant for such payroll period shall
be based on the average cost per share of the Company Stock purchased with the
Employer Contributions made for such payroll period.

     3.7.    QUALIFIED NON-ELECTIVE EMPLOYER CONTRIBUTIONS. At the direction of
the Corporation, an Employer may make Qualified Non-elective Employer
Contributions to the Trust for a Plan Year either (a) on behalf of all
Participants for whom Employee Pre-Tax Contributions are made for the Plan Year,
or (b) on behalf of only those Participants for whom Employee Pre-Tax
Contributions for the Plan Year are made and who are not Highly Compensated
Employees for the Plan Year, as the Board of Review shall determine. Except as
otherwise expressly provided for, any Qualified Non-elective Employer
Contribution shall be treated as a Pre-Tax Contribution for all purposes under
the Plan. Qualified Non-elective Employer Contributions may be made pursuant to
this Section 3.7, (i) with respect only to Participants who are employed by the
Corporation, (ii) with respect only to Participants who are employed by any

                                       -5-
<Page>

Subsidiary which is not an Affiliated Corporation, (iii) with respect only to
Participants who are employed by Employers which are Affiliated Corporations, or
(iv) with respect to Participants described in (i), (ii) and (iii).

     3.8.    TIME FOR MAKING AND CREDITING OF CONTRIBUTIONS. Employee Pre-Tax
Contributions and Employee After-Tax Contributions for any calendar month will
be withheld from the Participants' Compensation through payroll deductions and
will be paid in cash to the Trust as soon as such contributions can reasonably
be segregated from the general assets of the Employers, but in any event no
later than the 15th business day of the next following month. Such contributions
will be credited to the Participants' respective Employee Pre-Tax Contribution
and Employee After-Tax Contribution Accounts as of the earlier of (a) the date
such contributions are received by the Trust and (b) the last day of the Plan
Year in which the Compensation is paid. In addition and subject to the limits
provided in Section 3.3, a Participant may make Employee After-Tax Contributions
by delivering to the Trustee, a certified check in the amount of such
contribution and the contribution shall be credited to the Participant's
Employee After-Tax Contribution Account as of the date it is received by the
Trustee. Any Employer Contributions or Qualified Non-elective Employer
Contributions for a Plan Year will be contributed to the Trust at such time as
the Corporation determines, but no later than the time prescribed by law
(including extensions) for filing the Corporation's federal income tax return
for its taxable year in or with which the Plan Year ends. Such contributions
will be credited to the Employer Contribution Accounts or Employee Pre-Tax
Contribution Accounts, respectively, of Participants on whose behalf they are
made at such time as the Corporation determines, but no later than the last day
of such Plan Year.

     3.9.    CERTAIN LIMITS APPLY. All contributions to this Plan are subject to
the applicable limits set forth under Code sections 401(k), 401(m), 402(g), 404,
414(v), and 415, as further described in Article 11. With respect to Transferred
Employees, for the Plan Year ending December 31, 2004, such limits shall be
applied by treating contributions to the Abbott Plan as contributions to this
Plan.

     3.10.   RETURN OF CONTRIBUTIONS. No property of the Trust or contributions
made by the Employers pursuant to the terms of the Plan shall revert to the
Employers or be used for any purpose other than providing benefits to Eligible
Employees or their Beneficiaries and defraying the expenses of the Plan and the
Trust, except as follows:

     (a)     Upon request of the Corporation, contributions made to the Plan
             before the issuance of a favorable determination letter by the
             Internal Revenue Service with respect to the initial qualification
             of the Plan under Section 401(a) of the Code may be returned to the
             contributing Employer, with all attributable earnings, within one
             year after the Internal Revenue Service refuses in writing to issue
             such a letter.

     (b)     Any amount contributed under the Plan by an Employer by a mistake
             of fact as determined by the Employer may be returned to such
             Employer upon its request, within one year after its payment to the
             Trust.

                                       -6-
<Page>

     (c)     Any amount contributed under the Plan by an Employer on the
             condition of its deductibility under Section 404 of the Code may be
             returned to such Employer upon its request, within one year after
             the Internal Revenue Service disallows the deduction in writing.

     (d)     Earnings attributable to contributions returnable under paragraph
             (b) or (c) shall not be returned to the Employer, and any losses
             attributable to those contributions shall reduce the amount
             returned.

     In no event shall the return of a contribution hereunder cause any
Participant's Accounts to be reduced to less than they would have been had the
mistaken or nondeductible amount not been contributed. No return of a
contribution hereunder shall be made more than one year after the mistaken
payment of the contribution, or disallowance of the deduction, as the case may
be.

     3.11.   SPECIAL LIMITS FOR CORPORATE OFFICERS. Notwithstanding any other
provision of the Plan, the Administrator may, from time to time, impose
additional limits on the percentages of Compensation which may be contributed to
the Plan by, or on behalf of, Corporate Officers, provided that such additional
limits are lower than the limits applicable to other Participants. The amount
and terms of such limits shall be determined by the Administrator in its sole
discretion, need not be the same for all Corporate Officers and may be changed
or repealed by the Administrator at any time. For purposes of this Section 3.11,
the term "Corporate Officer" shall mean an individual elected an officer of the
Corporation by its Board of Directors but shall not include assistant officers.

                         ARTICLE 4. PARTICIPANT ACCOUNTS

     4.1.    ACCOUNTS. The Administrator will establish and maintain (or cause
the Trustee to establish and maintain) for each Participant, an Employee Pre-Tax
Contribution Account, an Employee After-Tax Contribution Account, an Employer
Contribution Account, a Rollover Contribution Account (if applicable), a
Transfer Contribution Account (if applicable) and such other accounts or
sub-accounts as the Administrator in its discretion deems appropriate. All such
Accounts shall be referred to collectively as the "Accounts".

     4.2.    ADJUSTMENT OF ACCOUNTS. Except as provided in the following
sentence, as of each Valuation Date, the Administrator or Trustee, as the case
may be, shall adjust the balances of each Account maintained under the Plan on a
uniform and consistent basis to reflect the contributions, distributions,
income, expense, and changes in the fair market value of the assets attributable
to such Account since the prior Valuation Date, in such reasonable manner as the
Administrator or Trustee, as the case may be, shall determine. Notwithstanding
any other provision of the Plan, to the extent that Participants' Accounts are
invested in mutual funds or other assets for which daily pricing is available
("Daily Pricing Media"), all amounts contributed to the Trust will be invested
at the time of their actual receipt by the Daily Pricing Media, and the balance
of each Account shall reflect the results of such daily pricing from the time of
actual receipt until the time of distribution. Investment elections and changes
made pursuant to Section 5.3 shall be effective upon receipt by the Daily
Pricing Media. References elsewhere in the Plan

                                       -7-
<Page>

to the investment of contributions "as of" a date other than that described in
this Section 4.2 shall apply only to the extent, if any, that assets of the
Trust are not invested in Daily Pricing Media.

                        ARTICLE 5. INVESTMENT OF ACCOUNTS

     5.1.    INVESTMENT FUNDS. The Co-Trustees may, from time to time, direct
the Trustee to establish one or more Investment Funds, which may include
registered investment companies (including those for which the Trustee or an
affiliate is the investment advisor, principal underwriter or distributor),
group trusts for the collective investment of pension and profit sharing plans
which are qualified under section 401(a) of the Code, and other pooled
Investment Funds. A Participant may direct that some or all of his or her
Employee Pre-Tax Contributions, Employee After-Tax Contributions, Rollover
Contributions or Transfer Contributions be invested in one or more of the
Investment Funds available under the Plan in such increments and in such manner
as the Co-Trustees and the Trustee establish in investment procedures. A
Participant may instruct the Trustee that amounts held in his or her Accounts
that are invested in Company Stock be transferred to and invested in one or more
of the Investment Funds established under this Section 5.1. Any amounts held in
a Participant's Accounts may be invested or reinvested in Company Stock or any
of the Investment Funds then available under the Plan in accordance with the
procedures established under Section 5.3. A Transferred Employee may instruct
the Trustee that amounts in his or her Accounts that are invested in Abbott
Stock be transferred to and invested in one or more of the Investment Funds
established under this Section 5.1, but no participant may direct the Trustee to
invest in Abbot Stock any amounts that are not at that time invested in Abbott
Stock.

     5.2.    INVESTMENT OF EMPLOYER CONTRIBUTIONS AND REINVESTMENT OF COMPANY
STOCK. Notwithstanding any other provision in the Plan to the contrary, and
except as provided in the next sentence, any Employer Contribution made under
the Plan to a Participant shall be invested on a pro rata basis in accordance
with the Participant's investment election(s) in effect for his or her Employee
Pre-Tax Contributions at the time the Employer Contribution is made. If a
Participant's Accounts consist solely of Employee After-Tax Contributions, then
any Employer Contribution made under the Plan to such Participant shall be
invested on a pro rata basis in accordance with the Participant's investment
election(s) in effect for his or her After-Tax Contributions at the time the
Employer Contribution is made. A Participant may direct the Trustee to liquidate
all or a portion of the Company Stock held in his or her Accounts and reinvest
the proceeds in any of the other Investment Funds (except Abbott Stock)
described in Section 5.1 in accordance with the procedures established under
Section 5.3.

     5.3.    INVESTMENT ELECTIONS. A Participant, Beneficiary or Alternate Payee
may make or change investment instructions with respect to the portion of the
Accounts over which he or she has investment direction at such times and at such
frequency as the Administrator shall permit in accordance with investment
procedures established for the Plan. Such investment instructions shall be in
writing or in such other form as is acceptable to the Trustee.

     5.4.    DEFAULT INVESTMENT FUND. The Administrator shall from time to time
identify one or more of the Investment Funds as the default Investment Fund into
which all contributions, for

                                       -8-
<Page>

which the Participant has the right to direct investment, shall be invested if
the Participant fails to provide complete and clear investment instructions for
such contributions. Such contributions shall remain in the default Investment
Fund until the Trustee receives investment instructions from the Participant in
a form acceptable to the Trustee.

     5.5.    PARTICIPANT DIRECTION OF INVESTMENTS. To the extent that this
Article 5 does not prohibit a Participant, Beneficiary or Alternate Payee from
directing the investment of his or her Accounts, the Plan is intended to be a
participant-directed plan and to comply with the requirements of ERISA Section
404(c) and the Department of Labor Regulations 2550.404c-1 as a
participant-directed plan. To the extent this Section 5.5 applies, the
Administrator shall direct the Trustee from time to time with respect to such
investments pursuant to the instructions of the Participant (or, if applicable,
the Alternate Payee, or the deceased Participant's Beneficiary), but the Trustee
may refuse to honor any investment instruction if such instruction would cause
the Plan to engage in a prohibited transaction (as described in Code section
4975(c)) or cause the Trust to be subject to income tax. The Administrator shall
prescribe the form upon which, or such other manner in which such instructions
shall be made, as well as the frequency with which such instructions may be made
or changed and the dates as of which such instructions shall be effective. The
Board of Review reserves the right to amend the Plan to remove the right of
Participants, Beneficiaries or Alternate Payees to give investment instructions
with respect to their Accounts. Nothing contained herein shall provide for the
voting of shares of Company Stock by any Participant, Beneficiary or Alternate
Payee, except as otherwise provided in the Trust.

     5.6.    DIVIDENDS ON COMPANY STOCK. Cash dividends on shares of Company
Stock shall be credited to the applicable Accounts in which the shares are held,
invested in shares of Company Stock as soon as practicable after such dividends
or proceeds are received by the Trust, and shall be credited to such Accounts
based on the average cost of all shares purchased with such dividends or
proceeds. Stock dividends or "split-ups" and rights or warrants appertaining to
such shares shall be credited to the applicable Accounts when received by the
Trust.

     5.7.    VOTING OF COMPANY STOCK. Each Participant or Beneficiary shall be
entitled to direct the manner in which shares of Company Stock credited to his
or her Account are to be voted, as provided in the Trust. Shares of stock of
Abbott Laboratories shall be voted as provided in the Trust.

             ARTICLE 6. WITHDRAWALS PRIOR TO SEPARATION FROM SERVICE

     6.1.    IN-SERVICE WITHDRAWALS OF EMPLOYEE AFTER-TAX CONTRIBUTIONS. For
purposes of Code Section 72, all amounts held in a Participant's After-Tax
Contribution Accounts that are attributable to Employee After-Tax Contributions
made after 1986 (including earnings) shall be considered a "separate contract".
In addition, for purposes of applying the withdrawal provisions set forth in
this Section 6.1(a) and (b), a Participant's Accounts containing Company Stock
shall be separate and distinct from all other Investment Funds in such Accounts,
such that a Participant can elect under Sections 6.1(a) and (b) to withdraw all
of the Participant's Company Stock

                                       -9-
<Page>

without withdrawing any of the other Investment Funds or all of the
Participant's Investment Funds (in other than Company Stock) without withdrawing
any Company Stock, or any combination of Company Stock or other Investment Funds
as the Participant may elect. For purposes of this Section 6.1(a) and (b),
Company Stock shall be deemed to refer to include Abbott Stock. If the
Participant's non-Company Stock funds are in more than one Investment Fund, then
such withdrawal shall be made proportionately from all such Investment Funds.
Subject to the foregoing, a Participant may elect to take a withdrawal from his
or her After-Tax Contribution Accounts in accordance with the following
conditions and order of priority:

     (a)     PRE-1987 EMPLOYEE AFTER-TAX CONTRIBUTIONS. A Participant may
             withdraw from the Trust (i) in cash, any or all of his or her
             Employee After-Tax Contributions made prior to 1987 and/or (ii)
             some or all of the shares of Company Stock purchased with such
             Employee After-Tax Contributions. If the Participant elects to
             receive any withdrawal in Company Stock or cash from Company Stock,
             such amounts will be withdrawn from the Company Stock in the
             Employee After-Tax Contribution Account until exhausted. If the
             Participant elects to receive any withdrawal in cash from the
             Investment Funds (other than Company Stock), such amounts shall be
             withdrawn from the Investment Funds (other than Company Stock) in
             the Employee After-Tax Contribution Account until exhausted.

     (b)     POST-1986 EMPLOYEE AFTER-TAX CONTRIBUTIONS. A Participant who has
             withdrawn all of his or her pre-1987 Employee After-Tax
             Contributions under subsection (a) may then withdraw from the Trust
             any or all of his or her Employee After-Tax Contributions made
             after 1986 and earnings thereon. Withdrawals under this subsection
             (b) may be in cash or shares of Company Stock but shall not exceed
             the value of the Employee After-Tax Contribution Accounts that is
             attributable to the Participant's Employee After-Tax Contributions
             made after 1986. If the Participant elects to receive any
             withdrawal in Company Stock or cash from Company Stock, such
             amounts will be withdrawn from the Company Stock in the Employee
             After-Tax Contribution Account until exhausted. If the Participant
             elects to receive any withdrawal in cash from the Investment Funds
             (other than Company Stock), such amounts shall be withdrawn from
             the Investment Funds (other than Company Stock) in the Employee
             After-Tax Contribution Account until exhausted.

     (c)     SOURCE OF WITHDRAWN AMOUNTS. If the Participant elects to receive
             his or her withdrawal in shares of Company Stock held in his or her
             Employee After-Tax Contribution Accounts, whole shares shall be
             distributed and the value of a fractional share necessary to
             exhaust the Company Stock allocated to such Accounts shall be
             distributed in cash.

     (d)     PRE-1987 SHARES.

             (i)    For purposes of Section 6.1(a), shares of Company Stock
                    purchased with a Participant's Employee After-Tax
                    Contribution made prior to 1987 shall be

                                      -10-
<Page>

                    determined as follows:

                    (A)  FIRST, the average cost to the Trust of all unwithdrawn
                         shares of Company Stock purchased with Participant's
                         Employee After-Tax Contributions made prior to 1987 and
                         related dividends shall be established.

                    (B)  NEXT, the total of the Participant's unwithdrawn
                         Employee After-Tax Contributions made prior to 1987 and
                         applied to the purchase of Company Stock (net of any
                         such amounts that have been reinvested in Investment
                         Funds other than Company Stock) shall be divided by the
                         average cost established under subparagraph (A) above
                         and the resulting amount shall be the number of shares
                         of Company Stock purchased with the Participant's
                         Employee After-Tax Contributions prior to 1987.

             (ii)   For purposes of Section 6.1(a), shares of Company Stock
                    purchased with a Participant's Employee After-Tax
                    Contributions made prior to 1987 shall be determined as
                    follows:

                    (A)  FIRST, the average cost to the Trust of all unwithdrawn
                         shares of Company Stock purchased with the
                         Participant's Employee After-Tax Contributions and
                         Employer contributions made prior to 1987 and related
                         dividends shall be established.

                    (B)  NEXT, the total of the Participant's unwithdrawn
                         Employee After-Tax Contributions made prior to 1987 and
                         applied to the purchase of Company Stock (net of any
                         such amounts that have been reinvested in Investment
                         Funds other than Company Stock) shall be divided by the
                         average cost established under subparagraph (A) above
                         and the resulting amount shall be the number of shares
                         purchased with the Participant's Employee After-Tax
                         Contributions made prior to 1987.

             (iii)  For purposes of determining a Participant's unwithdrawn
                    Employee After-Tax Contributions made prior to 1987, any
                    shares of Company Stock purchased with the Participant's
                    Employee After-Tax Contributions made prior to 1987 that
                    were withdrawn by the Participant as of any date shall be
                    charged at the average cost established under subparagraph
                    (i)(A) above as of such date, and any shares of Company
                    Stock purchased with the Participant's Employee After-Tax
                    Contributions made prior to 1987 that were withdrawn by the
                    Participant as of any date shall be charged at the average
                    cost established under subparagraph (ii)(A) above as of such
                    date.

     (e)     WITHDRAWAL PROCEDURES. The foregoing provisions of this Section 6.1
             are subject

                                      -11-
<Page>

             to the following:

             (i)    Shares of Company Stock and other amounts that are withdrawn
                    by a Participant under this Section 6.1 shall be charged to
                    his or her Employee After-Tax Contribution Account.

             (ii)   No more than one withdrawal may be elected in any ninety-day
                    period; provided, however, that the Administrator, in his or
                    her sole discretion, may waive this limitation in unusual
                    cases.

             (iii)  Distribution of the shares of Company Stock or other amounts
                    a Participant elects to withdraw under this Section 6.1
                    shall be made within such time period and in accordance with
                    the procedures established by the Administrator and agreed
                    to by the Trustee. If the Participant dies prior to the time
                    distribution of such shares or amounts is made, distribution
                    shall be made to the Participant's Beneficiary in the same
                    manner as other distributions from the Trust.

             (iv)   Each request for a withdrawal shall be filed with the
                    Administrator, shall specify either the dollar amount or the
                    share amount (or both) to be withdrawn, the value of which
                    amount shall not be less than $500, and may not be revoked,
                    amended or changed by the Participant after it is filed. The
                    Participant shall indicate in his or her withdrawal request
                    whether the withdrawal is to be made in cash or shares of
                    Company Stock.

             (v)    Any check or certificate fees associated with a withdrawal
                    will be charged to the Participant's Account.

             (vi)   Withdrawals under this Section 6.1 shall be subject to such
                    further conditions and limitations as the Administrator may
                    establish from time to time and apply on a uniform basis.

             (vii)  Any shares of Company Stock that are withdrawn shall be
                    considered as having been withdrawn at the average cost, as
                    of the date of the withdrawal, of the shares of Company
                    Stock reflected in the Account from which they were
                    withdrawn.

     (f)     WITHDRAWAL PRIORITY. Withdrawals under this Section 6.1 may be in a
             different order of priority and subject to such further conditions
             and limitations as the Administrator may establish from time to
             time and apply on a uniform basis.

     6.2.    REQUIRED DISTRIBUTIONS AFTER AGE 70 1/2. Except as provided in the
next sentence, a Participant who remains an Employee on or after his or her
"required beginning date" (within the meaning of Code section 401(a)(9)) while
an Employee shall receive a distribution of the full value of his or her
Accounts as of the date any distribution under Code section 401(a)(9) would

                                      -12-
<Page>

be required. Any Participant (other than a 5% owner of the Corporation, an
Affiliated Corporation, or a Subsidiary in the year such owner attains age 66
and any subsequent year) who attained age 70 1/2 before January 1, 1999 may
defer receipt of the distributions under this Section 6.4 until the April 1
following the calendar year in which he or she retires or attains age 70 1/2,
whichever is later. Each distribution described in this Section 6.4 shall be
made at the latest possible date determined under Code section 401(a)(9) and
Regulations thereunder and in accordance with such administrative rules and
practices as may be adopted by the Administrator.

     6.3.    DISTRIBUTIONS REQUIRED BY A QUALIFIED DOMESTIC RELATIONS ORDER. To
the extent required by a Qualified Domestic Relations Order, the Administrator
shall make distributions from a Participant's Accounts to Alternate Payees named
in such order in a manner consistent with the distribution options otherwise
available under this Plan, regardless of whether the Participant is otherwise
entitled to a distribution at such time under the Plan.

     6.4.    PARTICIPANT'S CONSENT TO DISTRIBUTION OF BENEFITS AND DIRECT
ROLLOVER NOTICE. If a Participant receives a withdrawal under Section 6.1, 6.2,
6.3, or 6.4 or an Alternative Payee receives a distribution under Section 6.5,
no distribution may be made unless:

     (a)     between the 30th and 90th day prior to the date distribution is to
             be made or commence, the Administrator notifies the Participant or
             the Alternate Payee (whichever is applicable) in writing that he or
             she may defer distribution until the April 1 after the Plan Year in
             which he or she attains age 70 1/2 and provides the Participant or
             the Alternate Payee (whichever is applicable) with a written
             description of the material features and (if applicable) the
             relative values of the forms of distribution available under the
             Plan including the right to make a direct rollover under Section
             8.3(d); and

     (b)     the Participant consents to the distribution in writing after the
             information described above has been provided to him or her, and
             files such consent with the Administrator. Distribution to the
             Participant will be made or commence as soon as practicable after
             such consent is received by the Administrator. The Participant may
             waive the 30-day notice period described in (a) above.

                        ARTICLE 7. LOANS TO PARTICIPANTS

     7.1.    IN GENERAL. Upon the request of an Eligible Borrower on a form
approved or procedure prescribed by the Administrator and subject to the
conditions of this Article, the Administrator shall direct the Trustee to make a
loan from the Trust to the Eligible Borrower. For purposes of this Article, an
"Eligible Borrower" is:

     (a)     a Participant who is an Eligible Employee; or

     (b)     a Participant who is a former Employee and is a "party in interest"
             within the meaning of ERISA section 3(14); or

                                      -13-
<Page>

     (c)     a deceased Participant's Beneficiary who has not yet received the
             entire vested portion of the Participant's Accounts and who is a
             "party in interest" as described in (b) above.

     7.2.    RULES AND PROCEDURES. The Administrator shall promulgate such rules
and procedures, not inconsistent with the express provisions of this Article, as
he or she deems necessary to carry out the purposes of this Article. All such
rules and procedures shall be deemed a part of the Plan for purposes of the
Department of Labor's Regulations Section 2550.408b-1(d).

     7.3.    MAXIMUM AMOUNT OF LOAN. The following limitations shall apply in
determining the amount of any loan to an Eligible Borrower hereunder:

     (a)     The amount of the loan, together with any other outstanding
             indebtedness under this Plan or any other qualified retirement Plan
             of the Corporation, any Affiliated Corporation or any Subsidiary,
             shall not exceed $50,000 reduced by the excess of (i) the highest
             aggregate outstanding loan balance of the Eligible Borrower from
             such Plans during the one-year period ending on the day prior to
             the date on which the loans are made, over (ii) the Eligible
             Borrower's outstanding loan balance from such Plans immediately
             prior to the loan.

     (b)     The amount of the loan shall not exceed 50 percent of the Eligible
             Borrower's Accounts, determined as of the date of the loan.

     (c)     No loan may exceed the aggregate value of the Participant's
             Employee Pre-Tax Contribution Account, Employer Contribution
             Account, Rollover Contribution Account and Transfer Contribution
             Account (excluding any amount contributed by the Participant on an
             after-tax basis).

     7.4.    MINIMUM AMOUNT OF LOAN; NUMBER OF LOANS; FREQUENCY OF LOANS; FEES
FOR LOANS. The minimum amount of any single loan under the Plan shall be $1,000.
A Participant may have only two loans outstanding at any time under the Plan or
under any other tax-qualified plan maintained by the Employer, an Affiliated
Corporation or a Subsidiary. The Administrator may charge a loan fee and such
fee may be charged to the Participant's Accounts or taken from the loan
proceeds.

     7.5.    NOTE; SECURITY; INTEREST. Each loan shall be evidenced by a note
signed by the Eligible Borrower, a Participant Credit Agreement, or other
legally enforceable evidence of indebtedness ("Note"). The Note shall be an
asset of the Trust which shall be allocated to the Accounts of the Eligible
Borrower, and shall for purposes of the Plan be deemed to have a value at any
given time equal to the unpaid principal balance of the Note plus the amount of
any accrued but unpaid interest. The Note shall be secured by that portion of
the Accounts represented by the Note (not to exceed 50% of the Eligible
Borrower's vested interest in his or her Accounts determined as of the date of
the loan). The loan shall bear interest at an annual percentage interest rate to
be determined by the Administrator. In determining the interest rate,

                                      -14-
<Page>

the Administrator shall take into consideration interest rates currently being
charged by persons in the business of lending money with respect to loans made
in similar circumstances.

     7.6.    REPAYMENT. Each loan made to an Eligible Borrower who is receiving
regular payments of Compensation from the Corporation shall be repayable by
payroll deduction. Loans made to other Eligible Borrowers (and, in all events,
where payroll deduction is no longer practicable) shall be repayable in such
manner as the Administrator may from time to time determine. In each case
payments shall be made not less frequently than quarterly, over a specified term
(as determined by the Administrator) not to extend beyond the earlier of five
years from the date of the loan or the Participant's anticipated retirement
date, with substantially level amortization (as that term is used in Code
section 72(p)(2)(C)). Where the loan is being applied toward the purchase of a
principal residence for the Eligible Borrower, the term for repayment shall not
extend beyond the earlier of 15 years from the date of the loan or the
Participant's anticipated retirement date. An Eligible Borrower may prepay the
full balance of an outstanding loan at any time by delivering to the Trustee a
certified check in the amount of such remaining balance and any accrued but
unpaid interest. An Eligible Borrower may also refinance an outstanding loan,
provided the limits under Section 7.3 allow the Borrower to borrow an amount
equal to, or greater than the balance due on the outstanding loan. Loan
repayments will be suspended under the Plan as permitted under Code section
414(u)(4).

     7.7.    REPAYMENT UPON DISTRIBUTION. If, at the time benefits are to be
distributed (or to commence being distributed) to an Eligible Borrower with
respect to a separation from service, there remains any unpaid balance of a loan
hereunder, such unpaid balance shall, to the extent consistent with Department
of Labor regulations, become immediately due and payable in full. Such unpaid
balance, together with any accrued but unpaid interest on the loan, shall be
deducted from the Eligible Borrower's Accounts, subject to the default
provisions below, before any distribution of benefits is made. Except as is
provided in Section 7.1 or as may be required in order to comply (in a manner
consistent with continued qualification of the Plan under Code section 401(a))
with Department of Labor regulations, no loan shall be made to an Eligible
Borrower under this Article after the Eligible Borrower incurs a separation from
service whether or not he or she has begun to receive distribution of his or her
Accounts.

     7.8.    DEFAULT. In the event of a default in making any payment of
principal or interest when due under the Note evidencing any loan under this
Article, if such default continues for more than 90 days after written notice of
the default by the Trustee, the unpaid principal balance of the Note shall
immediately become due and payable in full. Such unpaid principal, together with
any accrued but unpaid interest, shall thereupon be deducted from the Eligible
Borrower's Accounts, subject to the further provisions of this Section. The
amount so deducted shall be treated as distributed to the Eligible Borrower and
applied by the Eligible Borrower as a payment of the unpaid interest and
principal (in that order) under the Note evidencing such loan. In no event shall
the Administrator apply the Eligible Borrower's Accounts to satisfy the Eligible
Borrower's repayment obligation, whether or not he or she is in default, unless
the amount so applied otherwise could be distributed in accordance with the
Plan. Default distributions under this Section 7.8 shall be subject to such
further conditions and limitations as the Administrator may establish from time
to time and apply on a uniform basis.

                                      -15-
<Page>

     7.9.    NONDISCRIMINATION. Loans shall be made available under this Article
to all Eligible Borrowers on a reasonably equivalent basis.

     7.10.   SOURCE OF LOAN PROCEEDS. The proceeds for a loan shall be drawn
from the Eligible Borrower's Accounts in accordance with rules established by
the Administrator.

     7.11.   REINVESTMENT OF LOAN REPAYMENTS. Loan repayments shall be made to
the Eligible Borrower's Accounts from which the proceeds were drawn under
Section 7.10 in proportion that the loan was taken from each such Account at the
origination of the loan. Within each such Account, the proceeds will be invested
in accordance with the investment instructions or restrictions applicable at the
time of each loan repayment. If the Eligible Borrower is not currently making
contributions to any such Account at the time of loan repayment, the proceeds
will be invested within such Account in accordance with any previous
instructions on file with the Trustee for the investment of contributions in
such Account, and if there are no such instructions on file, the proceeds will
be invested in the default Investment Fund(s) then in effect under Section 5.4.
The Participant may change his or her investment instructions in accordance with
Section 5.3 for purposes of reinvesting the loan repayments even if he or she is
not then making contributions to the Plan.

                  ARTICLE 8. BENEFITS UPON RETIREMENT, DEATH OR
                             SEPARATION FROM SERVICE

     8.1.    RETIREMENT. Following a Participant's retirement from the
Corporation, all Affiliated Corporations and all Subsidiaries on or after
attaining age 65 years (`normal retirement age'), the Participant will receive
the entire value of his or her Accounts in a single sum payment unless he or she
elects a direct rollover under Section 8.3(c). To the extent that the
Participant's Accounts hold Company Stock, he or she may receive the
distribution in whole shares of Company Stock and cash for any fractional share.
To the extent the Participant's Accounts hold Abbott Stock, he or she may
receive the distribution in whole shares of Abbott Stock and cash for any
fractional share.

     8.1A.   SEPARATION FROM SERVICE FOR REASONS OTHER THAN DEATH OR RETIREMENT.
Following a Participant's separation from service with the Corporation, all
affiliated Corporations and all Subsidiaries for any reason other than death or
retirement at or after Normal Retirement Age, the Participant will receive the
value of his or her vested Accounts (determined as provided below) in a single
sum payment unless he or she elects a direct rollover under Section 8.3(d). To
the extent that the participant's Accounts hold Company Stock, he or she may
receive the distribution in whole shares of Company Stock and cash for any
fractional share.

     A Participant will always be 100% vested in his or her Employee Pre-Tax
Contribution Account, Employee After-Tax Contribution Account, Rollover
Contribution Account (if applicable) and Transfer Contribution Account (if
applicable). The vested percentage of a Participant's Employer Contribution
Account will be computed in accordance with the following schedule:

                                      -16-
<Page>

<Table>
<Caption>
If the Participant's                       The Vested Percentage of
Number of Years of                         His Employer Contribution
Credited Service Is:                       Account Will Be:
--------------------                       -------------------------
<S>                                             <C>
Less than 2 years                                 0%
2 years or more                                 100%
</Table>

     The amount, if any, by which a Participant's Employer Contribution Account
is so reduced shall be a `remainder'. A remainder shall be: first, used to
reinstate remainders as provided below; next, used to pay Plan expenses; and
finally, applied to reduce Employer Contributions as of that date, and when so
applied will be treated as though it were an Employer Contribution made under
Section 3.5. If a Participant who separated from service before being entitled
to the full balance in his or her Employer Contribution Account is reemployed by
an Employer before incurring five consecutive Break Years, the remainder which
resulted from the Participant's earlier separation from service (unadjusted by
any subsequent gains or losses) shall be credited to the Participant's Employer
Contribution Account as of the Valuation Date coincident with or next following
the date of reemployment (after all other adjustments required under the Plan as
of that date have been made).

     Notwithstanding the foregoing:

     (a)     the portion of the Participant's Employer Contribution Account
             consisting of cash dividends on shares of Abbott Stock, which
             portion was fully vested in the Abbott Plan, will always be 100%
             vested; and

     (b)     a Participant who was also a participant in the Abbott Laboratories
             401(k) Plan as of May 31, 2002 will always be 100% vested in his or
             her Employer Contribution Account.

     8.2.    TIME OF DISTRIBUTIONS. Distribution with respect to a Participant's
separation from service (other than on account of death or retirement) normally
will be made or commence as soon as practicable after such separation. Except as
provided in the last sentence of this Section 8.2, in the case of a Participant
whose Accounts are valued in excess of $5,000 (as determined under paragraph
8.3(b)) and who has not yet attained age 65, however, distribution may not be
made under this Section unless:

     (a)     between the 30th and 90th day prior to the date distribution is to
             be made or commence, the Administrator notifies the Participant in
             writing that he or she may defer distribution until the April 1
             after the Plan Year in which he or she attains age 70 1/2 and
             provides the Participant with a written description of the material
             features and (if applicable) the relative values of the forms of
             distribution available under the Plan; and

     (b)     the Participant consents to the distribution in writing after the
             information

                                      -17-
<Page>

             described above has been provided to him or her, and files such
             consent with the Administrator. Distribution to the Participant
             will be made or commence as soon as practicable after such consent
             is received by the Administrator. The Participant may waive the
             30-day notice period described in (a) above.

     The value of a Participant's Accounts will be considered to be in excess of
$5,000 if the value exceeds such amount at the time of the distribution in
question or exceeded such amount at the time of any prior distribution to the
Participant under the Plan. The Participant may elect to defer the distribution
of his or her Accounts until any subsequent date, but not later than the April 1
after the Plan Year in which he or she attains age 70 1/2.

     A Participant who is eligible for retirement under the terms of the
Abbott/Hospira Transitional Annuity Retirement Plan will normally receive a
distribution as soon as practicable after the end of the Plan Year in which he
or she retires and following the crediting of the Employer Contribution
determined under Section 3.6 for such Plan Year. All other Participants will be
deemed eligible for retirement on or after attaining age 65, and may elect to
receive the distribution in the calendar year in which he or she retires.
Alternatively, the Participant may elect to defer the distribution of his or her
Accounts until any date, but no later than the April 1 after the Plan Year in
which he or she attains age 70 1/2. Unless the Participant otherwise elects, the
payment of benefits under the Plan to the Participant will begin not later than
the 60th day after the latest of the close of the Plan Year in which: (A) the
date on which the Participant attains the earlier of age 65 or the normal
retirement age specified under the Plan, (B) occurs the 10th anniversary of the
year in which the Participant commenced participation in the Plan, or (C) the
Participant terminates his service with the Employer.

     8.3.    AMOUNT AND MANNER OF DISTRIBUTION. A Participant who is eligible
for a distribution from the Plan under this Article 8, may, subject to
subsection (b), elect to receive his or her benefit in one or more of the
following forms:

     (a)     SINGLE SUM PAYMENT. In the case of a distribution to be made in a
             single sum, the amount of such distribution shall be determined as
             of the Valuation Date which immediately precedes or coincides with
             the date distribution is to be made.

     (b)     CASH OUT OF SMALL BENEFITS. If the value of a Participant's
             Accounts is $5,000 or less, distribution shall be made to the
             Participant in a single sum payment as soon as practicable
             following the Participant's separation from service. The amount of
             such distribution shall be determined as of the Valuation Date
             immediately preceding or coinciding with the date the distribution
             is to be made. The Participant's Accounts will not be considered to
             be valued at $5,000 or less, if the value of such Accounts at the
             time in question or at the time of any prior distribution to the
             Participant under the Plan exceeds such amount. For purposes of
             this paragraph, the value of a participant's nonforfeitable account
             balance shall be determined without regard to that portion of the
             account balance that is attributable to rollover contributions (and
             earnings allocable thereto) within the meaning of Section 402(c),
             403(a)(4), 403(b)(8), 408(d)(3)(A)(ii), and 457(e)(16)

                                      -18-
<Page>

             of the Code.

     (c)     DIRECT ROLLOVER OF ELIGIBLE ROLLOVER DISTRIBUTIONS. If a
             Participant or an Alternate Payee of the Participant is entitled to
             an eligible rollover distribution within the meaning of Code
             section 402(c)(4) under (a) or (b) above, he or she may elect to
             have all or a portion of such distribution (but not less than the
             minimum amount required to be transferred under Treasury
             regulations pertaining to the treatment of eligible rollover
             distributions) transferred to another qualified plan, an individual
             retirement account, or an individual retirement annuity, or any
             other eligible retirement plan within the meaning of Code section
             402(c)(8)(B). Such distribution may be made in the form of a direct
             rollover or by other means prescribed by regulations which satisfy
             the requirements for a direct payment to the eligible retirement
             plan so specified. The Administrator shall not be obliged to honor
             any transfer instruction under this Section that specifies more
             than one transferee. A portion of a distribution shall not fail to
             be an eligible rollover distribution merely because the portion
             consists of after-tax employee contributions which are not
             includable in gross income. However, such portion may be
             transferred only to an individual retirement account or annuity
             described in Section 408(a) or (b) of the Code, or to a qualified
             defined contribution plan described in Section 401(a) or 403(a) of
             the Code that agrees to separately account for amounts so
             transferred, including separately accounting for the portion of
             such distribution which is includible in gross income and the
             portion of such distribution which is not so includible.

     (d)     DISTRIBUTION IN FORM OF COMPANY STOCK. A Participant shall be
             entitled to receive a distribution of his or her Plan benefits in
             the form of whole shares of Company Stock. A Participant whose
             Account includes Abbott Stock shall be entitled to receive a
             distribution of his or her Plan benefits in the form of whole
             shares of Abbott Stock.

     8.4.    DISTRIBUTIONS AFTER A PARTICIPANT'S DEATH.

     (a)     DEATH PRIOR TO SEPARATION FROM SERVICE. If a Participant dies prior
             to his or her separation from the service with the Corporation, all
             Affiliated Corporations and all Subsidiaries, the Participant's
             Beneficiary will receive the Participant's Accounts in a single sum
             payment as soon as practicable after the end of the Plan Year in
             which the Participant's death occurs; provided, however, the
             Beneficiary may elect to receive the distribution in the Plan Year
             in which the Participant's death occurred. Distribution must be
             made to a Beneficiary who is not the Participant's spouse no later
             than December 31 of the calendar year following the year of the
             Participant's death. If the Beneficiary is the Participant's
             spouse, the Beneficiary may elect to defer receipt of the
             distribution of the Participant's Accounts until any date, but no
             later than the December 31 of the Plan Year in which the
             Participant would have attained age 70 1/2.

                                      -19-
<Page>

     (b)     DEATH AFTER SEPARATION FROM SERVICE. If a Participant dies after
             separation from service but before the complete distribution of his
             or her Accounts has been made, the Participant's Beneficiary will
             receive the value of the Participant's Accounts. Distribution will
             be made in a single sum payment as soon as practicable after the
             Participant's death (but no later than December 31 of the calendar
             year following the year of the Participant's death); provided,
             however, that if distribution to the Participant had begun
             following his or her separation from service in a form elected by
             the Participant, distribution will continue to be made to the
             Beneficiary at least as rapidly in such form unless the Beneficiary
             elects to receive distribution in cash in a single sum as soon as
             practicable following the Participant's death. Any such election
             must be made on a form approved by the Administrator and must be
             received by the Administrator within such period following the
             Participant's death as the Administrator may prescribe. To the
             extent the Participant's Accounts held Company Stock at the time of
             the proposed distribution, the Beneficiary may receive the
             distribution in whole shares of Company Stock and cash for any
             fractional share, and to the extent the Participant's Accounts held
             Abbott Stock at the time of the proposed distribution, the
             Beneficiary may receive the distribution in whole shares of Abbott
             Stock and cash for fractional shares.

     (c)     CASH OUT OF SMALL BENEFITS. If a Participant dies and the value of
             a Participant's Accounts is $5,000 or less, distribution shall be
             made to the Beneficiary in a single sum payment as soon as
             practicable following the Participant's death (but in no event
             later than the 60th day following the close of the Plan Year in
             which such death occurs) or such later date on which the amount of
             the distribution can be determined by the Administrator. The amount
             of such distribution shall be determined as of the Valuation Date
             immediately preceding or coinciding with the date the distribution
             is to be made. The Participant's Accounts will not be considered to
             be valued at $5,000 or less, if the value of such Accounts at the
             time in question or at the time of any prior distribution to the
             Participant under the Plan exceeds such amount. For purposes of
             this paragraph, the value of a participant's nonforfeitable account
             balance shall be determined without regard to that portion of the
             account balance that is attributable to rollover contributions (and
             earnings allocable thereto) within the meaning of Section 402(c),
             403(a)(4), 403(b)(8), 408(d)(3)(A)(ii), and 457(e)(16) of the Code.

     (d)     DIRECT ROLLOVER OF ELIGIBLE ROLLOVER DISTRIBUTIONS. If a
             Beneficiary who is the spouse of a deceased Participant is entitled
             to an eligible rollover distribution within the meaning of Code
             section 402(c)(4) under (a) or (b) above, he or she may elect to
             have all or a portion of such distribution (but not less than the
             minimum amount required to be transferred under Treasury
             regulations pertaining to the treatment of eligible rollover
             distributions) transferred to an individual retirement account or
             an individual retirement annuity. Such distribution may be made in
             the form of a direct rollover or by other means prescribed by
             regulations which satisfy the requirements for a direct payment to
             the eligible retirement plan

                                      -20-
<Page>

             so specified. The Administrator shall not be obliged to honor any
             transfer instruction under this Section that specifies more than
             one transferee. A portion of a distribution shall not fail to be an
             eligible rollover distribution merely because the portion consists
             of after-tax employee contributions which are not includable in
             gross income. However, such portion may be transferred only to an
             individual retirement account or annuity described in Section
             408(a) or (b) of the Code, or to a qualified defined contribution
             plan described in Section 401(a) or 403(a) of the Code that agrees
             to separately account for amounts so transferred, including
             separately accounting for the portion of such distribution which is
             includible in gross income and the portion of such distribution
             which is not so includible.

     (e)     DISTRIBUTION IN FORM OF COMPANY STOCK. A Beneficiary shall be
             entitled to receive a distribution of his or her Plan benefits in
             the form of whole shares of Company Stock. A Beneficiary whose
             Account includes Abbott Stock shall be entitled to receive a
             distribution of his or her Plan benefits in the form of whole
             shares of Abbott Stock.

     Any distribution to a Beneficiary under this Section in the form of a
single sum shall be determined as of the Valuation Date immediately preceding or
coinciding with the date distribution is to be made.

     8.5.    DESIGNATION OF BENEFICIARY. Subject to the provisions of this
Section, a Participant's Beneficiary shall be the person or persons (or entity
or entities), if any, designated by the Participant from time to time on a form
or in a manner approved by the Administrator. In the absence of an effective
Beneficiary designation, a Participant's Beneficiary shall be his or her
surviving spouse, if any, or if none, the Participant's issue, or if none, the
Participant's estate. A non-spouse Beneficiary designation by a Participant who
is married at the time of his or her death shall not be effective unless

     (a)     prior to the Participant's death, the Participant's surviving
             spouse consented to and acknowledged the effect of the
             Participant's designation of a specific non-spouse Beneficiary
             (including any class of Beneficiaries or any contingent
             Beneficiaries) in a written form approved by the Administrator and
             witnessed by a notary public or Plan representative; or

     (b)     it is established by the Participant prior to his or her death (by
             furnishing the Administrator with a sworn statement), that the
             required consent may not be obtained because there is no spouse,
             because the spouse cannot be located, or because of such other
             circumstances as the Secretary of the Treasury may prescribe; or

     (c)     the spouse had earlier executed a general consent form permitting
             the Participant:

             (i)    to select from among certain specified persons without any
                    requirement of further consent by the spouse (and the
                    Participant designates a Beneficiary

                                      -21-
<Page>

                    from the specified list), or

             (ii)   to change his or her Beneficiary without any requirement of
                    further consent by the spouse. Any such general consent
                    shall be on a form approved by the Administrator, and must
                    acknowledge that the spouse has the right to limit consent
                    to a specific Beneficiary and that the spouse voluntarily
                    elects to relinquish such right.

     Any consent and acknowledgment by a spouse, or the establishment that the
consent and acknowledgment cannot be obtained, shall be effective only with
respect to such spouse, but shall be irrevocable once made.

                            ARTICLE 9. ADMINISTRATION

     9.1.    BOARD OF REVIEW. The Board of Review, except where such are
specifically reserved to the Board of Directors, shall have all powers, duties
and obligations (whether imposed, granted or reserved and whether explicit or
implicit) which are lodged in the Corporation under the Trust, or the Plan, or
any supplement to the Plan or by law or regulations. It shall perform all
functions specifically assigned to it under the Plan and under the Trust created
pursuant to the Plan. The Board of Review at its sole discretion may delegate or
redelegate any responsibility which it is able to exercise, and may revoke such
delegations at its sole discretion.

     9.2.    ADMINISTRATOR. The Administrator will be the "administrator" of the
Plan as defined in Section 3(16)(A) of ERISA and a "named fiduciary" for
purposes of Section 402(a)(1) of ERISA with authority to control and manage the
operation and administration of the Plan, and will be responsible for complying
with all of the reporting and disclosure requirements of Part 1 of Subtitle B of
Title I of ERISA. The Administrator will not, however, have any authority over
the investment of assets of the Trust or the selection of Investment Funds.

     9.3.    POWERS OF ADMINISTRATOR. The Administrator will have full power to
administer the Plan in all of its details and, other than the selection of
Investment Funds, subject, however, to the requirements of ERISA. Benefits under
the Plan shall be paid only if the Administrator decides, in his or her
discretion, that the applicant is entitled to them. For this purpose the
Administrator's power will include, but will not be limited to, the following
discretionary authority:

     (a)     to make and enforce such rules and regulations as the Administrator
             deems necessary or proper for the efficient administration of the
             Plan or as required to comply with applicable law;

     (b)     to interpret and enforce the Plan in accordance with the terms of
             the Plan (including the rules and regulations adopted under
             subsection (a)) and to make factual determinations thereunder,
             including the discretionary power to determine the rights or
             eligibility of Employees or Participants and any other persons, and
             the amount, if any, of their benefits under the Plan, and to
             construe or interpret

                                      -22-
<Page>

             disputed, ambiguous, or uncertain terms;

     (c)     to compute the amounts to be distributed under the Plan, to
             determine the person or persons to whom such amounts are to be
             distributed, and to make equitable adjustments for mistakes or
             errors;

     (d)     to authorize the payment of distributions, to compromise and settle
             any disputed claim, and to direct the Trustee to make such payments
             from the Trust;

     (e)     to keep such records and submit such filings, elections,
             applications, returns or other documents or forms as may be
             required under the Code, ERISA and applicable regulations, or under
             other federal, state or local law and regulations;

     (f)     to allocate and delegate the ministerial duties and
             responsibilities of the Administrator and to appoint such agents,
             counsel, accountants, consultants, actuaries, insurance companies
             and other persons as may be required or desired to assist in
             administering the Plan;

     (g)     by written instrument, to allocate and delegate his or her
             fiduciary responsibilities in accordance with ERISA section 405;
             and

     (h)     to furnish each Employer with such information and data as may be
             required by it for tax and other purposes in connection with the
             Plan.

     Actions taken in good faith by the Administrator shall be binding and
conclusive on all parties.

     9.4.    NONDISCRIMINATORY EXERCISE OF AUTHORITY. Whenever, in the
administration of the Plan, any discretionary action by the Administrator is
required, the Administrator shall exercise his or her authority in a
nondiscriminatory manner so that all persons similarly situated will receive
substantially the same treatment.

     9.5.    RELIANCE ON TABLES, ETC. In administering the Plan, the
Administrator will be entitled, to the extent permitted by law, to rely
conclusively on all tables, valuations, certificates, opinions and reports which
are furnished by any accountant, trustee, counsel, actuary, insurance company or
other expert who is employed or engaged by the Administrator or by the
Corporation on the Administrator's behalf.

     9.6.    CLAIMS AND REVIEW PROCEDURES. The Administrator shall adopt
procedures for the filing and review of claims in accordance with ERISA section
503.

     9.7.    INDEMNIFICATION. The Corporation agrees to indemnify and defend to
the fullest extent of the law any of its employees or former employees who
serves or has served as Administrator or as a member of the Board of Review or
who has been appointed to assist the Administrator or the Board of Review in
administering the Plan or to whom the Administrator or

                                      -23-
<Page>

the Board of Review has delegated any duties or responsibilities against any
liabilities, damages, costs and expenses (including attorneys' fees and amounts
paid in settlement of any claims approved by the Corporation) occasioned by any
act or omission to act in connection with the Plan, if such act or omission to
act is in good faith.

     9.8.    EXPENSES AND COMPENSATION. No compensation shall be paid to the
Administrator or any assistant who is a full-time employee of the Corporation,
an Affiliated Corporation or a Subsidiary, but the Administrator and his or her
assistants shall be reimbursed for all expenses reasonably incurred in the
administration of the Plan. Such expenses shall be charged to the Trust and paid
from Employer Contributions prior to allocation under Section 3.6, unless the
Employers pay such expenses directly. To the extent that any record keeping
expense, withdrawal charge, loan fee or check fee is specifically attributable
to a Participant's Accounts, such expenses may be charged to the Accounts of
such Participant.

     9.9.    NOTICES; PARTICIPANT INFORMATION. Any notice required to be given
to or any document required to be filed with the Administrator, the Trustee or a
Co-Trustee will be given or filed properly if mailed by registered mail, postage
prepaid, or delivered, to the Administrator, the Trustee or Co-Trustees, as the
case may be, in care of the Corporation at the normal business address of its
headquarters. Participants (and their Beneficiaries) must furnish to the
Administrator such evidence, data, or information as they consider necessary or
desirable for the purpose of administering the Plan, and the provisions of the
Plan for each person are upon the condition that he or she will furnish full,
true and complete evidence, data and information requested by the Administrator.

                      ARTICLE 10. AMENDMENT AND TERMINATION

     10.1.   AMENDMENT. The Corporation reserves the power (and may and hereby
does specifically delegate a portion of the power to the Board of Review) at any
time or times to amend the provisions of the Plan and Trust to any extent and in
any manner that it may deem advisable. The Corporation specifically reserves the
right to amend Article 5 with respect to the investment of Participant Accounts.
However, the Corporation will not have the power:

     (a)     to amend the Plan or Trust in such manner as would cause or permit
             any part of the assets of the Trust to be diverted to purposes
             other than for the exclusive benefit of each Participant and his or
             her Beneficiary (except as permitted by Section 14.3 with respect
             to Qualified Domestic Relations Orders, or by Section 3.10 with
             respect to the return of contributions upon nondeductibility or
             mistake of fact), unless such amendment is required or permitted by
             law, governmental regulation or ruling; or

     (b)     to amend the Plan or Trust retroactively in such a manner as would
             reduce the accrued benefit determined under Code Section 411(d)(6))
             of any Participant, except as otherwise permitted or required by
             law; or

     (c)     to change the duties or liabilities of the Trustee, a Co-Trustee or
             the Administrator

                                      -24-
<Page>

             without their consent.

     All major amendments and all decisions or amendments which are reasonably
expected to have the effect of suspending or terminating Employer contributions,
of suspending or terminating payment of benefits to Participants or
Beneficiaries, or of terminating the Plan shall be made by the Board of
Directors. All other amendments shall be made by the Board of Review. The Board
of Directors may delegate additional authority to the Board of Review.

     For the purposes of the foregoing, a "major amendment" is defined to be any
amendment which will increase the average cost of the Plan to the Employers
(whether through the increase of Employer contributions or otherwise) by an
amount in excess of $5,000,000 per annum over the three full Plan Years next
succeeding the effective date of the amendment. Determination of whether an
amendment is a major amendment or a decision or amendment which is reasonably
"to have the effect of suspending or terminating Employer contributions, of
suspending or terminating payment of benefits, or of terminating the Plan" shall
be made by the Board of Review after obtaining such advice from such legal or
tax counsel and the advice of such actuarial consultants as the Board of Review
may deem appropriate. The secretary of the Board of Review shall maintain
detailed minutes reflecting the advice (if any) so received by the Board of
Review and the decisions reached by it regarding each amendment adopted by it.

     Notwithstanding anything contained in this Section 10.1, any material
revision (within the meaning of the New York Stock Exchange rules) to the Plan
or Trust shall be subject to the approval of the Corporation's compensation
committee or a majority of the Corporation's independent directors (within the
meaning of the New York Stock Exchange rules).

     10.2.   TERMINATION. The Corporation has established the Plan and
authorized the establishment of the Trust with the bona fide intention and
expectation that contributions will be continued indefinitely, but the
Corporation will have no obligation or liability whatsoever to maintain the Plan
for any given length of time and may discontinue contributions under the Plan or
terminate the Plan at any time by written notice delivered to the Trustee and
Co-Trustees without liability whatsoever for any such discontinuance or
termination. Upon termination or partial termination of the Plan, or upon
complete discontinuance of contributions under the Plan, the rights of all
affected employees to benefits accrued to the date of such termination, partial
termination, or discontinuance, to the extent funded as of such date, or the
amounts credited to the employees' accounts, shall be nonforfeitable.

     10.3.   DISTRIBUTIONS UPON TERMINATION OF THE PLAN. Upon termination of the
Plan by the Corporation, the Trustee will distribute to each Participant (or
other person entitled to distribution) the value of the Participant's Accounts
determined as of the Valuation Date coinciding with or next following the date
of the Plan's termination. However, if a successor Plan is established within
the meaning of Code section 401(k)(2)(B)(i)(II), Accounts shall be distributed
to Participants and their Beneficiaries only in accordance with Article 6
relating to in-service withdrawals and upon the actual SEVERANCE FROM EMPLOYMENT
by the Participant.

                                      -25-
<Page>

     10.4.   MERGER OR CONSOLIDATION OF PLAN; TRANSFER OF PLAN ASSETS. In case
of any merger or consolidation of the Plan with, or transfer of assets and
liabilities of the Plan to, any other Plan, provision must be made so that each
Participant would, if the Plan then terminated, receive a benefit immediately
after the merger, consolidation or transfer which is equal to or greater than
the benefit he or she would have been entitled to receive immediately before the
merger, consolidation or transfer if the Plan had then terminated.

                       ARTICLE 11. LIMITS ON CONTRIBUTIONS

     11.1.   CODE SECTION 404 LIMITS. The sum of the contributions made by the
Employers under the Plan for any Plan Year shall not exceed the maximum amount
deductible under the applicable provisions of the Code (all such contributions
being hereby conditioned on their deductibility under Code section 404).

     11.2.   CODE SECTION 415 LIMITS.

     (a)     The "annual addition" (within the meaning of Code section 415(c)(2)
             and the Regulations thereunder) to a Participant's Accounts under
             the Plan for any limitation year, when added to the annual
             additions to his or her accounts for such limitation year (as
             defined below) under all other defined contribution plans
             maintained by the Corporation, all other Affiliated Corporations
             and all Subsidiaries, shall not exceed the lesser of (i) $40,000
             (or such greater amount as may be determined by the Secretary of
             the Treasury for the limitation year), or (ii) 100 percent of the
             Participant's Compensation for such limitation year. For purposes
             of determining the Code section 415 limits under the Plan, the
             "limitation year" shall be the calendar year. For purposes of this
             Article 11, the term "Subsidiary" shall mean any corporation,
             partnership, joint venture or business trust, more than fifty
             percent (50%) of which is owned, directly or indirectly, by the
             Corporation. The compensation limit described in subparagraph (ii)
             above shall not apply to any contribution for medical benefits
             after separation from service (within the meaning of Code Section
             401(h) or 419A(f)(2)) which is otherwise treated as an annual
             addition.

     (b)     To the extent necessary to satisfy the limitations of Code section
             415 for any Participant, the annual addition which would otherwise
             be made on behalf of the Participant under the Plan shall be
             reduced only after the Participant's annual addition is reduced
             under any other defined contribution plan. The Participant's annual
             addition under this Plan shall be reduced, by reducing and
             refunding to Participant, first, his or her Employee After-Tax
             Contributions, and then his or her Employee Pre-Tax Contributions
             for the limitation year. Any After-Tax Contribution that is
             refunded will be adjusted for income or loss pursuant to Regulation
             section 1.401(m)-1(e)(3)(ii) and any Pre-Tax Contribution that is
             refunded will be adjusted for income or loss pursuant to Regulation
             section 1.401(l)-1(f)(4)(ii). Any Employer Contribution based upon
             such Employee After-Tax Contributions or Employee Pre-Tax
             Contributions shall also be

                                      -26-
<Page>

             reduced, and the amount by which the Employer Contribution is
             reduced will remain part of the assets of the Trust and allocated
             to the Participants' Employer Contribution Accounts in the
             following year at the same time and in the same manner as Employer
             Contributions are allocated under Section 3.6. If further
             adjustments are required, any Qualified Non-elective Employer
             Contribution for the Participants' benefit shall be reduced and the
             amount by which it is reduced will remain part of the Trust and
             allocated to the Participants' Employer Contribution Accounts in
             the following year at the same time and in the same manner as
             Employer Contributions are allocated under Section 3.6.

     (c)     If, as a result of a reasonable error in estimating a Participant's
             Compensation for a Plan Year or limitation year, the allocation of
             forfeitures, or a reasonable error in determining the amount of
             elective deferrals under Code section 402(g), the annual addition
             under the Plan for a Participant would cause the Code section 415
             limitations for a limitation year to be exceeded, the excess
             amounts in the Participant's Accounts will be used to reduce
             Employer Contributions for the next limitation year (and succeeding
             limitation years, as necessary) for that Participant if such
             Participant is covered by the Plan as of the end of the limitation
             year. However, if the Participant is not covered by the Plan as of
             the end of the limitation year, the excess amounts will not be
             distributed to Participants or former Participants, but will be
             held unallocated for that limitation year in a suspense account. If
             the suspense account is in existence at any time during any
             subsequent limitation year, all amounts in the suspense account
             will be allocated to the Accounts of all Participants in proportion
             to their relative earnings for the subsequent limitation year,
             before any other contributions which would be part of an annual
             addition are made to the Plan for the subsequent limitation year.
             No investment gains or losses will be allocated to any suspense
             account described in this paragraph.

     11.3.   CODE SECTION 402(g) LIMITS.

     (a)     IN GENERAL. Except to the extent provided in Section 3.5 and
             permitted under Code Section 414(v), the maximum amount of Pre-Tax
             Contributions made on behalf of any Participant for any calendar
             year, when added to the amount of elective deferrals (within the
             meaning of Code section 402(g)(3)) under all other plans, contracts
             and arrangements of the Corporation, all Affiliated Corporations
             and all Subsidiaries with respect to the Participant for the
             calendar year, shall in no event exceed the maximum applicable
             limit in effect for the calendar year under Code section 402(g)(1).

     (b)     DISTRIBUTION OF EXCESS DEFERRALS. In the event that an amount is
             included in a Participant's gross income for a taxable year as a
             result of an excess deferral under Code section 402(g), and the
             Participant notifies the Administrator on or before the March 1
             following the taxable year that all or a specified part of a
             Pre-Tax Contribution made or to be made for his or her benefit
             represents an excess

                                      -27-
<Page>

             deferral, the Administrator shall make every reasonable effort to
             cause such excess deferral, adjusted for allocable income or loss
             in accordance with Regulation section 1.402(g)-1(d)(5), to be
             distributed to the Participant no later than the April 15 following
             the calendar year in which such excess deferral was made. No
             distribution of an excess deferral shall be made during the taxable
             year in which the excess deferral was made unless the correcting
             distribution is made after the date on which the Plan received the
             excess deferral and both the Participant and the Plan designate the
             distribution as a distribution of an excess deferral. The amount of
             any excess deferrals that may be distributed to a Participant for a
             taxable year shall be reduced by the amount of Pre-Tax
             Contributions that were excess contributions and were previously
             distributed to the Participant for the Plan Year beginning with or
             within such taxable year.

     11.4.   CODE SECTION 401(k)(3) LIMITS.

     (a)     ACTUAL DEFERRAL RATIOS. For each Plan Year, the Administrator will
             determine the "actual deferral ratio" for each Participant who is
             eligible for Pre-Tax Contributions. The actual deferral ratio shall
             be the ratio, calculated to the nearest one-hundredth of one
             percent, of the Pre-Tax Contributions made on behalf of the
             Participant for the Plan Year to the Participant's Compensation for
             the applicable period. For purposes of determining a Participant's
             actual deferral ratio,

             (i)    Pre-Tax Contributions will be taken into account only to the
                    extent permitted by Regulation section 1.401(k)-1(b)(6) and
                    to the extent required by Regulation section
                    1.402(g)-1(d)(1);

             (ii)   The applicable period for each Participant for a given Plan
                    Year shall be that portion of the 12-month period ending on
                    the last day of such Plan Year during which the individual
                    was a Participant.

             (iii)  Employer Contributions may be treated as Pre-Tax
                    Contributions to the extent permitted by Regulation section
                    1.401(k)-1(b)(3).

     (b)     ACTUAL DEFERRAL PERCENTAGES. The actual deferral ratios for all
             Highly Compensated Employees who are eligible for Pre-Tax
             Contributions for a Plan Year shall be averaged to determine the
             actual deferral percentage for the highly compensated group for the
             Plan Year, and the actual deferral ratios for all Employees who are
             not Highly Compensated Employees but who are eligible for Pre-Tax
             Contributions for the Plan Year shall be averaged to determine the
             actual deferral percentage for the nonhighly compensated group for
             the Plan Year. The actual deferral percentages for any Plan Year
             must satisfy at least one of the following tests, which shall be
             interpreted and applied by the Administrator in a manner consistent
             with Regulation section 1.401(k)-1:

             (i)    The actual deferral percentage for any Plan Year for the
                    highly

                                      -28-
<Page>

                    compensated group does not exceed 125 percent of the actual
                    deferral percentage for the immediately preceding Plan Year
                    for the nonhighly compensated group; or

             (ii)   The excess of the actual deferral percentage for any Plan
                    Year for the highly compensated group over the actual
                    deferral percentage for the immediately preceding Plan Year
                    for the nonhighly compensated group does not exceed two
                    percentage points, and the actual deferral percentage for
                    any Plan Year for the highly compensated group does not
                    exceed twice the actual deferral percentage for the
                    immediately preceding Plan Year of the nonhighly compensated
                    group.

             If the actual deferral percentages for any Plan Year fail to
             satisfy the tests in (i) or (ii) above, the Administrator may, to
             the extent permitted by Regulations and for the sole purpose of
             satisfying those tests, treat the Plan as two Plans, each covering
             one or more classifications of employees (consistent with Code
             section 410(b) and any regulations thereunder). The Administrator
             will then apply the foregoing tests separately to each such Plan.

     (c)     ADJUSTMENTS BY ADMINISTRATOR. If, prior to the time all Pre-Tax
             Contributions for a Plan Year have been contributed to the Trust,
             the Administrator determines that Pre-Tax Contributions are being
             made at a rate which will cause the Code section 401(k)(3) limits
             to be exceeded for the Plan Year, the Administrator may, in its
             sole discretion, limit the amount of Pre-Tax Contributions to be
             made with respect to one or more Highly Compensated Employees for
             the balance of the Plan Year by suspending or reducing Pre-Tax
             Contribution elections to the extent the Administrator deems
             appropriate. Any Pre-Tax Contributions which would otherwise be
             made to the Trust shall instead be paid in cash to the affected
             Participant.

     (d)     EXCESS CONTRIBUTIONS. If the Code section 401(k)(3) limits have
             been exceeded for a Plan Year after all contributions for the Plan
             Year have been made, the Administrator shall determine the amount
             of excess contributions with respect to Participants who are Highly
             Compensated Employees. For any Plan Year, 'excess contributions'
             means the excess of the aggregate amount of contributions taken
             into account in computing the deferral percentage of Highly
             Compensated Employees for such Plan Year over the maximum amount of
             such contributions permitted by the actual deferral percentage test
             (determined by hypothetically reducing contributions made on behalf
             of Highly Compensated Employees in order of their deferral
             percentages, beginning with the highest of such percentages).
             Excess contributions are allocated to the Highly Compensated
             Employees with the largest amounts of contributions taken into
             account in calculating the actual deferral percentage test for the
             year in which the excess arose, beginning with the Highly
             Compensated Employee with the largest amount of such contributions
             and continuing in descending order until all the excess

                                      -29-
<Page>

             contributions have been allocated. Any excess contributions will be
             recharacterized as After-Tax Contributions or distributed as
             provided below. In no event will excess contributions remain
             unallocated or be allocated to a suspense account for allocation in
             a future Plan Year.

     (e)     RECHARACTERIZATION OF EXCESS CONTRIBUTIONS. At the option of the
             Administrator, a Participant's excess contributions may be
             recharacterized as After-Tax Contributions, provided the
             Administrator complies with the reporting requirements of Treas.
             Reg. section 1.40l(k)-l(f)(3) for such contributions and such
             recharacterization occurs no later than the March 15 following the
             Plan Year for which the contributions were made. Recharacterized
             excess contributions will remain subject to the nonforfeitability
             requirements and distribution limitations that apply to Pre-Tax
             contributions.

     (f)     DISTRIBUTION OF EXCESS CONTRIBUTIONS. At the option of the
             Administrator, a Participant's excess contributions, adjusted for
             income or loss pursuant to Regulation section 1.401(k)-1(f)(4)(ii),
             will be designated by the Corporation as a distribution of excess
             contributions and distributed to the Participant. Distribution of
             excess contributions will be made after the close of the Plan Year
             to which the contributions relate, but within 12 months after the
             close of such Plan Year.

     (g)     SPECIAL RULES. For purposes of distributing excess contributions,

             (i)    the amount of excess contributions that may be distributed
                    with respect to a Highly Compensated Employee for a Plan
                    Year shall be reduced by the amount of excess deferrals
                    previously distributed to the Highly Compensated Employee
                    for his or her taxable year ending with or within such Plan
                    Year.

             (ii)   Any distribution of less than the entire amount of excess
                    contributions with respect to a Highly Compensated Employee
                    shall be treated as a pro rata distribution of excess
                    contributions and allocable income or loss.

     (h)     RECORD KEEPING REQUIREMENT. The Administrator, on behalf of the
             Corporation, shall maintain such records as are necessary to
             demonstrate compliance with the Code section 401(k)(3) limits
             including the extent to which qualified matching contributions and
             Qualified Non-elective Employer Contributions are taken into
             account in determining the actual deferral ratios.

     (i)     SEPARATE APPLICATION OF LIMITS. The limits described in this
             Section 11.4 shall be applied separately with respect to
             Participants employed by any Employer which is not an Affiliated
             Corporation as if such Participants were participants in a separate
             plan for purposes of Code section 401(k).

     (j)     RULES FOR PRE-TAX CONTRIBUTIONS. The availability of Pre-Tax
             Contributions shall

                                      -30-
<Page>

             not discriminate in favor of Highly Compensated Employees. Amounts
             attributable to Pre-Tax Contributions may not be distributed except
             in accordance with the terms of the Plan and in no event earlier
             than upon one of the following events: (i) the Employee's
             retirement, death, disability or severance from employment; (ii)
             the termination of the Plan without establishment or maintenance of
             another defined contribution plan; (iii) to the extent provided in
             the Plan, the Employee's attainment of age 59-1/2 or the Employee's
             hardship; (iv) the sale or other disposition by an adopting
             Employer to an unrelated corporation of substantially all of the
             assets used in a trade or business, but only with respect to
             employees who continue employment with the acquiring corporation
             and the acquiring corporation does not maintain the Plan after the
             disposition; and (v) the sale or other disposition by an adopting
             Employer of its interest in a subsidiary to an unrelated entity but
             only with respect to employees who continue employment with the
             subsidiary and the acquiring entity does not maintain the Plan
             after the disposition.

     11.5.   CODE SECTION 401(m) LIMITS.

     (a)     ACTUAL CONTRIBUTION RATIOS. For each Plan Year, the Administrator
             will determine the "actual contribution ratio" for each Participant
             who is eligible for Employer Contributions. The actual contribution
             ratio shall be the ratio, calculated to the nearest one-hundredth
             of one percent, of the Employer Contributions and After-Tax
             Contributions (if any) made on behalf of the Participant for the
             Plan Year, to the Participant's Compensation for the Plan Year. For
             purposes of determining a Participant's actual contribution ratio,

             (i)    Employer Contributions will be taken into account only to
                    the extent permitted by Regulation section 1.401(m)-1(b)(5);

             (ii)   The applicable period for each Participant for a given Plan
                    Year shall be that portion of the 12-month period ending on
                    the last day of such Plan Year during which the individual
                    was a Participant.

             (iii)  Pre-Tax Contributions may be treated as matching
                    contributions to the extent permitted by Regulation section
                    1.401(m)-1(b)(2). Any forfeitures which are applied against
                    Employer Contributions shall be treated as Employer
                    Contributions.

     (b)     ACTUAL CONTRIBUTION PERCENTAGES. The actual contribution ratios for
             all Highly Compensated Employees who are eligible for Employer
             Contributions and After-Tax Contributions for a Plan Year shall be
             averaged to determine the actual contribution percentage for the
             highly compensated group for the Plan Year, and the actual
             contribution ratios for all Employees who are not Highly
             Compensated Employees but who are eligible for Employer
             Contributions and After-Tax Contributions for the Plan Year shall
             be averaged to determine the actual

                                      -31-
<Page>

             contribution percentage for the nonhighly compensated group for the
             Plan Year. The actual contribution percentages for any Plan Year
             must satisfy at least one of the following tests, which shall be
             interpreted and applied by the Administrator in a manner consistent
             with Regulation sections 1.401(m)-1 and 1.401(m)-2:

             (i)    The actual contribution percentage for the Plan Year for the
                    highly compensated group does not exceed 125 percent of the
                    actual contribution percentage for the immediately preceding
                    Plan Year for the nonhighly compensated group; or

             (ii)   The excess of the actual contribution percentage for the
                    Plan Year for the highly compensated group over the actual
                    contribution percentage for the immediately preceding Plan
                    Year for the nonhighly compensated group does not exceed two
                    percentage points, and the actual contribution percentage
                    for the Plan Year for the highly compensated group does not
                    exceed twice the actual contribution percentage for the
                    immediately preceding Plan Year of the nonhighly compensated
                    group. If the actual contribution percentages for any Plan
                    Year fail to satisfy the tests in (i) or (ii) above, the
                    Administrator may, to the extent permitted by Regulations
                    and for the sole purpose of satisfying those tests, treat
                    the Plan as two Plans, each covering one or more
                    classifications of employees (consistent with Code section
                    410(b) and any regulations thereunder). The Administrator
                    will then apply the foregoing tests separately to each such
                    Plan.

     (c)     EXCESS AGGREGATE CONTRIBUTIONS. If the limits of Code section
             401(m) have been exceeded for a Plan Year after all contributions
             for the Plan Year have been made, the Administrator shall determine
             the amount of excess aggregate contributions with respect to
             Participants who are Highly Compensated Employees. For any Plan
             Year, `excess aggregate contributions' means the excess of the
             aggregate contribution amounts taken into account in computing the
             contribution percentage of Highly Compensated Employees for such
             Plan Year over the maximum contribution amounts permitted by the
             actual contribution percentage test (determined by hypothetically
             reducing contributions made on behalf of Highly Compensated
             Employees in order of their contribution percentages, beginning
             with the highest of such percentages). Excess aggregate
             contributions are allocated to the Highly Compensated Employees
             with the largest contribution amounts taken into account in
             calculating the actual contribution percentage test for the year in
             which the excess arose, beginning with the Highly Compensated
             Employee with the largest of such contribution amounts and
             continuing in descending order until all the excess aggregate
             contributions have been allocated. Any excess aggregate
             contributions will be distributed as provided below. In no event
             will excess aggregate contributions remain unallocated or be
             allocated to a suspense account for allocation in a future Plan
             Year.

                                      -32-
<Page>

     (d)     DISTRIBUTION OF EXCESS AGGREGATE CONTRIBUTIONS. A Participant's
             excess aggregate contributions, adjusted for income or loss
             pursuant to Regulation section 1.401(m)-1(e)(3)(ii), will be
             designated by the Corporation as a distribution of excess aggregate
             contributions, and distributed to the Participant. Distribution of
             excess aggregate contributions will be made after the close of the
             Plan Year to which the contributions relate, but within 12 months
             after the close of such Plan Year. Distributions under this Section
             11.5(d) shall comply with the nondiscrimination requirements of
             Code section 401(a)(4).

     (e)     RECORD KEEPING REQUIREMENT. The Administrator, on behalf of the
             Corporation, shall maintain such records as are necessary to
             demonstrate compliance with the Code section 401(m) limits,
             including the extent to which qualified elective contributions and
             qualified nonelective contributions are taken into account in
             determining the actual contribution ratios.

     (f)     SEPARATE APPLICATION OF LIMITS. The limits of this Section 11.5
             shall be applied separately with respect to Participants employed
             by any Employer which is not an Affiliated Corporation as if such
             Participants were participants in a separate plan for purposes of
             Code section 401(m).

     11.6.   AGGREGATION RULES. For purposes of Sections 11.4 and 11.5, all
Pre-Tax Contributions, After-Tax Contributions and Employer Contributions made
under two or more plans that are aggregated for purposes of Section 401(a)(4)
and Section 410(b) of the Code (other than Section 410(b)(2)(A)(ii)) are to be
treated as made under a single plan; and if two or more plans are aggregated for
purposes of Section 401(k) or Section 401(m) of the Code, the aggregated plans
must satisfy Section 410(b) and 401(a)(4) of the Code as if they were a single
plan. A Highly Compensated Employee's actual deferral percentage under Section
11.4 and actual contribution percentage under Section 11.5 shall be determined
by treating all cash or deferred arrangements under which such employee is
eligible as one arrangement.

                 ARTICLE 12. ROLLOVER AND TRANSFER CONTRIBUTIONS

     12.1.   ROLLOVER CONTRIBUTIONS. An Eligible Employee who was formerly a
participant in a plan described in section 401(a) of the Code and exempt from
tax under section 501(a) of the Code (the "Distributing Plan") and who has
received a qualified total distribution prior to, January 1, 1993 (within the
meaning of section 402(a)(5)(E)(i) of the Code as in effect prior to January 1,
1993), or for periods after January 1, 1993, an eligible rollover (within the
meaning of section 402(c)(4) of the Code), from the Distributing Plan (the
"distribution") may, within 60 days of receipt of the distribution from the
Distributing Plan, contribute to the Trust, as a "Rollover Contribution", an
amount which

     (a)     does not exceed the fair market value of the distribution, reduced
             by the amount contributed to the Distributing Plan on an after-tax
             basis by the Eligible Employee, as determined in accordance with
             section 72(f) of the Code and the regulations thereunder, such
             amount to be reduced by any amounts theretofore

                                      -33-
<Page>

             distributed to the Eligible Employee which were not includable in
             his or her gross income for federal income tax purposes, and

     (b)     includes no property other than (i) money received in the
             distribution, and (ii) money attributable to other property
             received in the distribution which is sold and the proceeds of
             which are transferred pursuant to section 402(c)(6) of the Code.

     The Eligible Employee may also transfer an eligible rollover distribution
to the Plan by way of a direct rollover which satisfies the requirements of
section 401(a)(31) of the Code, and such amount shall also be considered a
"Rollover Contribution."

     12.2.   TRANSFER OF AMOUNT DISTRIBUTED FROM IRA OR OTHER PLAN. An Eligible
Employee who has received a distribution from an individual retirement account
or individual retirement annuity described in Code Section 408(a) or 408(b), or
from an annuity contract described in Code Section 403(a) or 403(b), or from an
eligible plan under Section 457(b) of the Code which is maintained by a state,
political subdivision of a state, or any agency or instrumentality of a state or
political subdivision of a state, may, within 60 days of receipt of the
distribution, contribute a portion of the distribution to the Trust as a
Rollover Contribution.

     12.3.   MONITORING OF ROLLOVERS.

     (a)     The Administrator shall establish such procedures and require such
             information from employees seeking to make Rollover Contributions
             as it deems necessary to insure that such Rollover Contributions
             satisfy the requirements for tax-free rollovers established by
             conditions of this Article and the Code and the Regulations.

     (b)     No amount may be contributed or transferred under this Article
             until approved by the Administrator.

     12.4.   TRANSFER CONTRIBUTION. Subject to such restrictions and procedures
as the Administrator may prescribe (which, without limitation, may include
restrictions as to the type of plan from which transfers will be permitted),
amounts held for the benefit of an Eligible Employee under a Distributing Plan
may be transferred (the "Transfer Contribution") directly by the Distributing
Plan to this Plan in accordance with the requirements of section 414(l) of the
Code and the Regulations thereunder. A Transfer Contribution Account shall be
established for each Eligible Employee for whom a Transfer Contribution is made.
To the extent determined by the Administrator to be required under section
411(d)(6) of the Code, an Eligible Employee for whom a Transfer Contribution
Account is maintained shall be entitled to distributions and withdrawals from
such Account under provisions not less restrictive than applied under the
Distributing Plan. To the extent the Distributing Plan was subject to the
requirements of Code sections 401(a)(11) and 417, such requirements shall
continue to apply to the transferred amount. Transfers described in the last
sentence of Section 12.1 shall not be allocated to a Transfer Contribution
Account but shall be treated as Rollover Contributions for all purposes.

                                      -34-
<Page>

     12.5.   TREATMENT OF TRANSFERRED AMOUNT UNDER THE PLAN. An individual who
makes a Rollover Contribution to the Trust or has a Transfer Contribution made
to the Trust on his or her behalf shall not be eligible to make or receive any
other contributions under the Plan until he or she has actually become a
Participant and satisfied the eligibility requirements otherwise applicable to
such contributions. However, for all other purposes under the Plan (including
without limitation, investment directions and distributions), an individual who
makes a Rollover Contribution or for whom a Transfer Contribution has been made
shall be treated as a Participant.

                    ARTICLE 13. SPECIAL TOP-HEAVY PROVISIONS

     13.1.   PROVISIONS TO APPLY. The provisions of this Article shall apply for
any top-heavy Plan notwithstanding anything to the contrary in this Plan.

     13.2.   MINIMUM CONTRIBUTION. For any Plan Year which is a top-heavy plan
year, the Employer shall contribute to the Trust a minimum contribution on
behalf of each Participant who is not a key employee for such year and who has
not separated from service from the Corporation, all Affiliated Corporations and
all Subsidiaries by the end of the Plan Year. The minimum contribution shall, in
general, equal 3 percent of each such Participant's Compensation received during
the Plan Year, but shall be subject to the following special rules:

     (a)     If the largest contribution on behalf of a key employee for such
             year, taking into account only Pre-Tax Contributions and Employer
             Contributions, is less than 3 percent of the key employee's
             Compensation received during the Plan Year, such lesser percentage
             shall be the minimum contribution percentage for Participants who
             are not key employees. This special rule shall not apply, however,
             if this Plan is required to be included in an aggregation group and
             enables a defined benefit plan to meet the requirements of Code
             section 410(a)(4) or 410.

     (b)     No minimum contribution will be required with respect to a
             Participant for any period during which the Participant is also
             covered by another top-heavy defined contribution plan of the
             Corporation, an Affiliated Corporation or a Subsidiary which meets
             the vesting requirements of Code section 416(b) and under which the
             Participant receives the top-heavy minimum contribution.

     (c)     No minimum contribution will be required with respect to any
             Participant who is also covered by a top-heavy defined benefit plan
             of the Corporation, an Affiliated Corporation or a Subsidiary and
             the Participant receives the top-heavy defined benefit minimum
             (within the meaning of Code section 416(c)(1) and the Regulations
             thereunder) under such defined benefit plan.

     (d)     The minimum contribution with respect to any Participant who is not
             a key employee for the particular year will be offset by any
             Employer Contributions (but not any other type of contribution)
             otherwise made for the Participant's benefit for such year.

                                      -35-
<Page>

     (e)     Any additional minimum contribution made for the benefit of a
             Participant under this Section shall be credited to his or her
             Employer Contribution Account as soon as practicable after the
             close of the Plan Year for which such contribution is made.

     13.3.   DEFINITIONS. For purposes of these top-heavy provisions, the
following terms have the following meanings:

     (a)     "key employee" means a key employee described in Code section
             416(i)(l), determined on the basis of Compensation; and

     (b)     "top-heavy plan year" means a Plan Year if the sum of the account
             balances of all key employees under the Plan and each other defined
             contribution plan (as of the applicable determination date of each
             such Plan) which is aggregated with the Plan, plus the sum of the
             present values of the total accrued benefits of all key employees
             under each defined benefit plan (as of the applicable determination
             date of each such plan) which is aggregated with the Plan exceeds
             60 percent of the sum of such amounts for all Employees (including,
             for purposes of this paragraph (b), any person employed by the
             Corporation, an Affiliated Corporation or a Subsidiary) and former
             Employees (other than former key employees, but including
             Beneficiaries of former Employees) under the Plan and all such
             plans. For purposes of these determinations:

             (i)    The foregoing determination will be made in accordance with
                    the provisions of Code section 416 and the regulations
                    promulgated thereunder, which are specifically incorporated
                    herein by reference.

             (ii)   The term "determination date" means, with respect to the
                    initial plan year of a plan, the last day of such plan year
                    and, with respect to any other plan year of a plan, the last
                    day of the preceding plan year of such plan. The term
                    "applicable determination date" means, with respect to the
                    Plan, the determination date for the Plan Year of reference
                    and, with respect to any other plan, the determination date
                    for any plan year of such plan which falls within the same
                    calendar year as the applicable determination date of the
                    Plan.

             (iii)  Accrued benefits or account balances under a plan will be
                    determined as of the most recent valuation date of the plan
                    in that 12-month period ending on the applicable
                    determination date of the plan; provided, however, that in
                    the case of a defined benefit plan such valuation date must
                    be the same date as is employed for minimum funding
                    purposes, and in the case of a defined contribution plan the
                    value so determined will be adjusted for contributions made
                    after the valuation date to the extent required by
                    applicable Regulations.

                                      -36-
<Page>

             (iv)   If any individual has not received any compensation from the
                    Corporation, an Affiliated Corporation or a Subsidiary
                    maintaining a plan (other than benefits under the Plan) at
                    any time during the 1-year period ending on the applicable
                    determination date with respect to such plan, any accrued
                    benefit for such individual (and the account of such
                    individual) under such plan shall not be taken into account.

             (v)    Each plan of the Corporation, an Affiliated Corporation or a
                    Subsidiary (whether or not terminated) in which a key
                    employee participates, and any other plan of the
                    Corporation, an Affiliated Corporation or a Subsidiary which
                    enables a plan referred to in the preceding clause to
                    satisfy the requirements of Code sections 401(a)(4) or
                    410(b), shall be aggregated with the plan. Any plan of the
                    Corporation, an Affiliated Corporation or a Subsidiary not
                    required to be aggregated with the Plan may nevertheless, at
                    the discretion of the Administrator, be aggregated with the
                    Plan if the benefits and coverage of all aggregate plans
                    would continue to satisfy the requirements of sections
                    401(a)(4) and 410 of the Code.

             (vi)   The determination of the present value of accrued benefits
                    under a defined benefit plan shall be made on the basis of
                    the funding assumptions employed by such plan.

     13.4.   SEPARATE TOP HEAVY DETERMINATIONS FOR SUBSIDIARIES. To the extent
required by section 416 of the Code, the portion of the Plan attributable to
Participants who are employed by any Subsidiary which is not an Affiliated
Corporation shall be treated as a separate plan for purposes of the top heavy
determination and contribution requirements of this Article.

                            ARTICLE 14. MISCELLANEOUS

     14.1.   EXCLUSIVE BENEFIT RULE. No part of the corpus or income of the
Trust forming part of the Plan will be used for or diverted to purposes other
than for the exclusive benefit of each Participant and Beneficiary, except as
otherwise provided under the provisions of the Plan relating to Qualified
Domestic Relations Orders, and the return of contributions upon
nondeductibility, mistake of fact, or the failure of the Plan to qualify
initially.

     14.2.   LIMITATION OF RIGHTS. Neither the establishment of the Plan or the
Trust, nor any amendment thereof, nor the creation of any fund or account, nor
the payment of any benefits, will be construed as giving to any Participant or
other person any legal or equitable right against the Corporation, any
Affiliated Corporation, any Subsidiary, the Administrator, the Trustee, or the
Co-Trustees except as provided herein, and in no event will the terms of
employment or service of any Participant be modified or in any way be affected
hereby. It is a condition of the Plan, and each Participant expressly agrees by
his or her participation herein, that each Participant will look solely to the
assets held in the Trust for the payment of any benefit to which he or she is
entitled under the Plan.

                                      -37-
<Page>

     14.3.   NONALIENABILITY OF BENEFITS. The benefits provided hereunder will
not be subject to alienation, assignment, garnishment, attachment, execution or
levy of any kind, and any attempt to cause such benefits to be so subjected will
not be recognized, except to the extent as may be required by law and except in
the case of an order described in Code section 401(a)(13)(C); provided, however,
that if the Administrator receives any Qualified Domestic Relations Order that
requires the payment of benefits hereunder or the segregation of any Account,
such benefits shall be paid, and such Account segregated, in accordance with the
applicable requirements of such Qualified Domestic Relations Order.

     14.4.   CHANGES IN VESTING SCHEDULE. A Plan amendment which changes a
vesting schedule under the Plan shall apply with respect to any Participant who
has completed three Years of Service prior to the expiration of the period
described below only to the extent that the Participant's vested percentage in
his or her Accounts determined under the amendment is greater than the
nonforfeitable percentage of his or her Accounts determined without regard to
the amendment. The period referred to in the preceding sentence will begin on
the date the amendment of the vesting schedule is adopted and will end 60 days
after the latest of the following dates:

     (a)     the date on which such amendment is adopted;

     (b)     the date on which such amendment becomes effective; and

     (c)     the date on which the Participant is issued written notice of such
             amendment by the Administrator.

     14.5.   GOVERNING LAW. The Plan and Trust will be construed, administered
and enforced according to the laws of the State of Illinois to the extent such
laws are not preempted by ERISA.

                             ARTICLE 15. DEFINITIONS

     Wherever used in the Plan, the singular includes the plural, and the
following terms have the following meanings, unless a different meaning is
clearly required by the context:

     15.1.   "Abbott Plan" means the Abbott Laboratories Stock Retirement
Program, Part A, Abbott Laboratories Stock Retirement Plan.

     15.2.   "Abbott Stock" means common stock of Abbott Laboratories that is
transferred to this Plan from the Abbott Plan in accordance with Section 1.2.

     15.3.   "Accounts" means, for any Participant, his or her Employee Pre-Tax
Contribution Account, Employee After-Tax Contribution Account, Employer
Contribution Account, Rollover Contribution Account (if applicable), Transfer
Contribution Account (if applicable) and any other accounts or subaccounts
established on his or her behalf under the Plan by the Administrator or the
Trustee.

                                      -38-
<Page>

     15.4.   "Administrator" means the Corporate Vice President, Human Resources
of the Corporation, unless the Board of Review appoints another entity or
person(s) to administer the Plan.

     15.5.   "Affiliated Corporation" means (a) any corporation that is a member
of a controlled group of corporations (as defined in Code section 414(b)) of
which the Corporation is also a member, (b) any trade or business, whether or
not incorporated, that is under common control (as defined in Code section
414(c)) with the Corporation, (c) any trade or business that is a member of an
affiliated service group (as defined in Code section 414(m)) of which the
Corporation is also a member, or (d) to the extent required by Regulations
issued under Code section 414(o), any other organization; provided that the term
"Affiliated Corporation" shall not include any Corporation or unincorporated
trade or business prior to the date on which such Corporation, trade or business
satisfies the affiliation or control tests of (b), (c) or (d) above. In
identifying any "Affiliated Corporations" for purposes of the Code section 415
limits, the definitions in Code sections 414(b) and (c) shall be modified as
provided in Code section 415(h).

     15.6.   "Alternate Payee" means an alternate payee (as defined in section
414(p)(8) of the Code) who has rights to one or more Accounts under the Plan.

     15.7.   "Beneficiary" means any person entitled to receive benefits under
the Plan upon the death of a Participant.

     15.8.   "Board of Directors" means the Board of Directors of the
Corporation.

     15.9.   "Board of Review" means the Employee Benefit Board of Review
appointed by the Board of Directors and having the duties and powers described
in Article 9.

     15.10.  "Break Year" means, with respect to any Employee, a 12 consecutive
month period of severance.

     15.11.  "Code" means the Internal Revenue Code of 1986, as amended from
time to time. Reference to any section or subsection of the Code includes
reference to any comparable or succeeding provisions of any legislation which
amends, supplements or replaces such section or subsection.

     15.12.  "Company Stock" means the common stock of the Corporation.

     15.13.  "Compensation" means,

     (a)     for purposes of determining the amount of Employee Pre-Tax,
             Employee After-Tax, and Employer Contributions to be made on behalf
             of a Participant, (i) the Participant's total compensation (prior
             to reduction for contributions under Code sections 401(k), 125 or
             132(f)(4) and for contributions under the Hospira 401(k)
             Supplemental Plan) for personal service actually rendered in the
             course of employment with participating Employers, including sales
             bonuses, sales

                                      -39-
<Page>

             incentives and sales commissions, but excluding (ii) any
             reimbursements, expense allowances, fringe benefits (cash or
             noncash), moving expenses, or welfare benefits (whether or not
             those amounts are includable in gross income), prizes, or any
             Christmas, anniversary, or discretionary bonuses, or payments made
             under the Hospira cash profit sharing program, Hospira Performance
             Incentive Plan, Hospira Supplemental Pension Plan, Hospira 401(k)
             Supplemental Plan, or plans maintained by any participating
             Employer which are determined by the Administrator to be similar to
             such plans, or any suggestion or other special awards. For purposes
             of (i) above, cash bonuses calculated on a uniform basis and paid
             no more frequently than annually to all hourly compensated
             employees on a plant-wide basis shall be included in Compensation.

     (b)     for purposes of applying the Code section 401(k)(3) and 401(m)
             limits, determining whether an individual is a Highly Compensated
             Employee, and determining the Code section 415 limits, a top-heavy
             minimum contribution, and the status of any individual as a "key
             employee," the Participant's wages, salaries, fees for professional
             services and other amounts received during the Plan Year (without
             regard to whether or not an amount is paid in cash) for personal
             services actually rendered in the course of employment with the
             participating Employers to the extent that the amounts are
             includable in gross income, including but not limited to
             commissions paid to salespeople, compensation for services on the
             basis of a percentage of profits, tips, bonuses, fringe benefits,
             reimbursements, and expense allowances, but not including those
             items excludable from the definition of compensation under
             Regulation section 1.415-2(d)(2) and increased by any amounts that
             would have been received by the individual from the participating
             Employers but for an election under Code section 401(k) or 125. For
             purposes of applying the limitations described in this Section
             15.20(b), Compensation shall include elective amounts that are not
             includible in gross income by reason of Code Section 132(f)(4).

     For all purposes under the Plan, Compensation for any Participant shall not
exceed the amount specified in Code section 401(a)(17) for any Plan Year as
adjusted thereunder for each such year ("Section 401(a)(17) Limitation"). This
limitation shall be applied on a Plan Year basis, shall not be prorated for any
part of such Plan Year, and shall be applied only with respect to compensation
earned after an Eligible Employee becomes a Participant. For purposes of
determining the maximum amount of Employee Pre-Tax and Employee After-Tax
Contributions that may be made to the Plan on behalf of or by a Participant for
any Plan Year, the Section 401(a)(17) Limitation shall be multiplied by 18%. The
Section 401(a)(17) Limitation for 2004 is $205,000. With respect to Transferred
Employees, for 2004 the Section 401(a)(17) Limitation shall be applied by
treating Compensation paid by Abbott prior to May 1, 2004 as Compensation paid
by an Employer.

     15.14.  "Contribution Agreement" means, for any Participant, the agreement
by which the Participant elects to defer a certain portion of his or her regular
pay and the Corporation agrees to contribute the deferred amount to the
Participant's Pre-Tax or After-Tax Contribution Account,

                                      -40-
<Page>

whichever is applicable. Any such Agreement shall be in such form and shall be
made in such manner as the Administrator may determine.

     15.15.  "Corporation" means Hospira, Inc., a Delaware corporation, and any
successor to all or a major portion of its assets or business which assumes the
obligations of the Corporation.

     15.16.  "Co-Trustees" means the persons appointed by the Board of Review to
serve as Co-Trustees under the Trust.

     15.17.  "Division" means any functionally or geographically separate
operating unit of the Corporation which is designated by the Board of Review as
a "division" for the purposes of the Plan.

     15.18   "Effective Date" means May 1, 2004.

     15.19   "Eligible Employee" means:

     (a)     any Employee who is employed by an Employer, provided no Employer
             contributes to a retirement program on his or her behalf, other
             than a federal or state-mandated retirement program, the
             Abbott/Hospira Transitional Annuity Retirement Plan, any pension
             plan of an Employer incorporated under the laws of or having its
             principal manufacturing facility in Puerto Rico, or the Plan;

     (b)     any Employee of any foreign entity, in which the Corporation has
             not less than a 10% interest, directly or through one or more
             entities, but which is not a participating Employer, if (i) such
             Employee is a citizen or resident alien of the United States of
             America, (ii) an Employer has entered into an agreement under Code
             section 3121(l) which applies to such foreign entity, (iii) no
             contributions are provided by any entity to a funded plan of
             deferred compensation (other than the Abbott/Hospira Transitional
             Annuity Retirement Plan or any pension plan of any subsidiary of
             the Corporation having its principal place of business in Puerto
             Rico) for such Employee with respect to remuneration paid to such
             Employee by the foreign entity, and (iv) such Employee is
             designated a U.S. Expatriate" on the records of an Employer;

     (c)     each Employee of an Employer who is employed at a site, office or
             other facility of an Employer located outside of the United States
             of America if (i) such Employee is a citizen or resident alien of
             the United States of America, and (ii) such Employee is designated
             a "U.S. Expatriate" on the records of an Employer; and

     (d)     for a seasonal employee (that is, an Employee who is hired to work
             for less than one year) once he or she has completed One Year of
             Credited Service.

     "Eligible Employee" does not include (i) an individual who provides
services to an

                                      -41-
<Page>

Employer under a contract, arrangement or understanding with either the
individual directly or with an agency or leasing organization that treats the
individual as either an independent contractor or an employee of such agency or
leasing organization, even if such individual is subsequently determined (by an
Employer, the Internal Revenue Service, any other governmental agency, judicial
action, or otherwise) to have been a common law employee of an Employer rather
than an independent contractor or employee of such agency or leasing
organization, (ii) an Employee covered by a collective bargaining agreement,
unless such agreement specifically provides for such Employee's participation in
the Plan, (iii) any Employee who is employed by an Employer located in Puerto
Rico, other than any person designated as a "U.S. Expatriate" on the records of
an Employer, or (iv) an individual classified in the Human Resource System of an
Employer as an individual on "Global Assignment". An individual classified in
the Human Resource System of an Employer as an individual on "Global Assignment"
shall not be eligible to become a Participant in the Plan.

     For all purposes of the Plan, an individual shall be an "Eligible Employee"
for any Plan Year only if during that Plan Year an Employer treats that
individual as its employee for purposes of employment taxes and wage withholding
for Federal income taxes, even if such individual is subsequently determined (by
an Employer, the Internal Revenue Service, any other governmental agency,
judicial action, or otherwise) to have been a common law employee of an Employer
in that Plan Year.

     15.20.  "Employee" means any individual employed by the Corporation, an
Affiliated Corporation or a Subsidiary, including any leased employee and any
other individual required to be treated as an employee pursuant to Code sections
414(n), 414(o) and the Regulations thereunder.

     15.21.  "Employee After-Tax Contribution" means any contribution made
pursuant to Section 3.3 on an after-tax basis.

     15.22.  "Employee After-Tax Contribution Account" means, for any
Participant, the account established by the Administrator or Trustee to which
Employee After-Tax Contributions made for the Participant's benefit are
credited.

     15.23.  "Employee Pre-Tax Contribution" means any contribution made
pursuant to Section 3.2 on a pre-tax basis.

     15.24.  "Employee Pre-Tax Contribution Account" means, for any Participant,
the account established by the Administrator or Trustee to which Employee
Pre-Tax Contributions made for the Participant's benefit are credited.

     15.25.  "Employer" means the Corporation, any Affiliated Corporation or any
Subsidiary that had adopted the Plan or was otherwise designated as a
participating employer thereunder prior to 1996 or which becomes a participating
employer thereafter under Section 2.5.

     15.26.  "Employer Contributions" means the contributions made by the
Employers under

                                      -42-
<Page>

Section 3.6 for the benefit of the Participants under the Plan on account of
Employee Pre-Tax Contributions or Employee After-Tax Contributions.

     15.27.  "Employer Contribution Account" means, for any Participant, the
account established by the Administrator or Trustee to which Employer
Contributions made under Section 3.6 for the Participant's benefit are credited.

     15.28.  "Entry Date" means the first day of each payroll period.

     15.29.  "ERISA" means the Employee Retirement Income Security Act of 1974,
as amended from time to time, and any successor statute or statutes of similar
import.

     15.30.  "Highly Compensated Employee" means an employee of the Corporation,
an Affiliated Corporation or a Subsidiary who:

     (a)     was a 5-percent owner (as defined in Code section 416(i)(1)) of the
             Corporation, of an Affiliated Corporation or of a Subsidiary during
             the current or immediately preceding Plan Year, or;

     (b)     received Compensation in excess of $90,000 during the immediately
             preceding Plan Year and was in the top-paid group of employees (as
             defined in Code section 414(q) and the Regulations thereunder),for
             such Year.

     The $90,000 amount in (b) above shall automatically be adjusted if and to
the extent the corresponding amount in Code section 414(q) is adjusted by the
Secretary of the Treasury.

     15.31.  "Hour of Service" means, with respect to any Employee, each hour
for which the Employee is paid or entitled to payment for the performance of
duties for an Employer each such hour to be credited to the Employee for the
computation period in which the duties were performed.

     15.32.  "Investment Fund" means any investment fund described in Article 5
or as subsequently selected by the Co-Trustees as an investment option under the
Plan.

     15.33.  "Participant" means each Eligible Employee who participates in the
Plan pursuant to its provisions or other individual for whom an Account is
maintained.

     15.34.  "Period of Credited Service" means with respect to any Employee the
aggregate of all time periods beginning on the date the Employee first completes
an Hour of Service or is reemployed and ending on the date a Break Year begins,
subject to the following adjustments:

     (a)     For periods prior to May 1, 2004, a Transferred Employee who was
             eligible to participate in the Abbott Plan on April 30, 2004, will
             be credited with one Year of Credited Service for each year of
             credited service under the Abbott Plan as in effect as of April 30,
             2004. Each other Transferred Employee will be credited

                                      -43-
<Page>

             with Credited Service for periods prior to May 1, 2004, as though
             employment with Abbott prior to such date were employment with the
             Corporation.

     (b)     On or after May 1, 2004, an Employee shall be credited with 1/12th
             of a Year of Credited Service for each calendar month of employment
             (or portion thereof) during which he or she is employed by the
             Corporation, an Affiliated Corporation or a Subsidiary.

     (c)     On or after May 1, 2004, an Employee will also receive credit for
             any period of severance of less than 1 consecutive months.
             Fractional periods of a year will be expressed in terms of days. In
             the case of an individual who is absent from work for maternity or
             paternity reasons, the 12-consecutive month period beginning on the
             first anniversary of the first day of such absence shall not
             constitute a Break Year. For purposes of this Section,

             (i)    an absence from work for maternity or paternity reasons
                    means an absence (A) by reason of the pregnancy of the
                    individual, (B) by reason of the birth of a child of the
                    individual, (C) by reason of the placement of a child with
                    the individual in connection with the adoption of such child
                    by such individual, or (D) for purposes of caring for such
                    child for a period beginning immediately following such
                    birth or placement;

             (ii)   a period of severance is a continuous period of time during
                    which the Employee is not employed by the Corporation, an
                    Affiliated Corporation or a Subsidiary. Such period begins
                    on the date the Employee retires, quits or is discharged, or
                    if earlier, the 12-month anniversary of the date on which
                    the Employee was otherwise first absent from service; and

             (iii)  in the case of a leave of absence for service in the armed
                    forces of the United States, no period shall be excluded
                    under this paragraph during which the Employee has
                    reemployment rights with respect to the Corporation, any
                    Affiliated Corporation or any Subsidiary under federal law
                    and contributions, benefits and service credit with respect
                    to qualified military service will be allow or provided, as
                    the case may be, in accordance with Code section 414(u).

     (d)     If, to the extent, and on the terms so provided by the Board of
             Review at the time of acquisition, or at any subsequent date or in
             any Supplement to the Plan, the last continuous period of
             employment of any employee with any prior separate business entity,
             part or all of which is or was acquired by, or becomes part of an
             Employer will be considered a Period of Credited Service.

     15.35.  "Plan" means the Hospira, Inc. 401(k) Retirement Savings Plan, as
amended from time to time.

                                      -44-
<Page>

     15.36.  "Plan Year" means the calendar year.

     15.37.  "Qualified Domestic Relations Order" means any judgment, decree or
order (including approval of a property settlement agreement) which constitutes
a "qualified domestic relations order" within the meaning of Code section
414(p). A judgment, decree or order shall not be considered not to be a
Qualified Domestic Relations Order merely because it requires a distribution to
an alternate payee (or the segregation of accounts pending distribution to an
alternate payee) before the Participant is otherwise entitled to a distribution
under the Plan.

     15.38.  "Qualified Non-elective Employer Contribution" means a contribution
(other than an Employer Contribution) made for the benefit of a Participant by
the Employer in its discretion.

     15.39.  "Regulation" means a regulation issued by the Department of
Treasury, or the Department of Labor, as the case may be, including any final
regulation, proposed regulation, temporary regulation, as well as any
modification of any such regulation contained in any notice, revenue procedure,
advisory or similar pronouncement issued by the Internal Revenue Service or the
Department of Labor, whichever is applicable.

     15.40.  "Rollover Contribution Account" means, for any Participant, the
account described in Section 12.1 or 12.2, as established by the Administrator
or the Trustee, to which the Participant's Rollover Contribution, if any, is
allocated.

     15.41.  "Rollover Contribution" means a contribution made by a Participant
which satisfies the requirements for rollover contributions as set forth in
Article 12.

     15.42.  "Section" means a section of the Plan.

     15.43.  "Subsidiary" means any corporation, partnership, joint venture or
business trust fifty percent (50%) or more of the control of which is owned,
directly or indirectly, by the Corporation, except as provided in Article 11.

     15.44.  "Transfer Contribution" means a contribution made on behalf of a
Participant by way of a trustee-to-trustee transfer as described in Section
12.4.

     15.45.  "Transfer Contribution Account" means, for any Participant, the
account described in Section 12.4 established by the Administrator or the
Trustee to which the Participant's Transfer Contribution, if any, is allocated.

     15.46.  "Transferred Employee" means an employee of Abbott who, in
connection with the spin-off of the Corporation from Abbott on or about April
30, 2004, accepts an offer of employment with the Corporation or one of its
subsidiaries or who continues in employment automatically by operation of law
with the Corporation or one of its subsidiaries.

     15.47.  "Trust" means the trust established between the Corporation, the
Trustee and Co-Trustees in connection with the Plan, together with any and all
amendments thereto.

                                      -45-
<Page>

     15.48.  "Trustee" means the person(s) or entity appointed by the Board of
Review to serve as Trustee under the Trust.

     15.49.  "Valuation Date" means each business day of each Plan Year.

     15.50.  "Year of Credited Service" means, with respect to any Employee, a
twelve-month Period of Credited Service.

                                      -46-

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