Document:

WMB_2013.12.31_EX10.11

EXHIBIT 10.11
                                        
Date=Grant Date                                 

TO:        <@Name@>

FROM:    Alan S. Armstrong

SUBJECT:    2013 Restricted Stock Unit Award

You have been granted a restricted stock unit award.  This award, which is subject to adjustment under the 2013 Restricted Stock Unit Agreement (the “Agreement”), is granted to you in recognition of your role as a non-management director for The Williams Companies, Inc.  It is granted and subject to the terms and conditions of The Williams Companies, Inc. 2007 Incentive Plan, as amended and restated from time to time, and the Agreement.  

Subject to all of the terms of the Agreement, you will become entitled to payment of this award  three years after the date on which this award is made. 

If you have any questions about this award, you may contact a dedicated Fidelity Stock Plan Representative at 1-800-544-9354.

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2013 RESTRICTED STOCK UNIT AGREEMENT

THIS RESTRICTED STOCK UNIT AGREEMENT (this “Agreement”), which contains the terms and conditions for the Restricted Stock Units (“Restricted Stock Units” or “RSUs”) referred to in the 2013 Restricted Stock Unit Award Letter delivered in hard copy or electronically to Participant (“2013 Award Letter”), is by and between THE WILLIAMS COMPANIES, INC., a Delaware corporation (the “Company”) and the individual identified on the last page hereof (the “Participant”).

1.    Grant of RSUs. Subject to the terms and conditions of The Williams Companies, Inc. 2007 Incentive Plan, as amended and restated from time to time (the “Plan”), this Agreement and the 2013 Award Letter, the Company hereby grants an award (the “Award”) to the Participant of <@Num+C @> RSUs effective <@GrDt+C@> (the “Effective Date”).  The Award gives the Participant the right to receive the number of shares of the Common Stock of the Company equal to the number of RSUs shown in the prior sentence, subject to adjustment under the terms of this Agreement.  These shares are referred to in this Agreement as the “Shares.”  Until the Participant receives payment of the Shares under the terms of Paragraph 4, the Participant shall have no rights as a stockholder of the Company with respect to the Shares, except for the right to earn Dividend Equivalents as set forth herein.

2.    Incorporation of Plan and Acceptance of Documents. The Plan is hereby incorporated herein by reference, and all capitalized terms used herein which are not defined in this Agreement shall have the respective meanings set forth in the Plan. The Participant acknowledges that he or she has received a copy of, or has online access to, the Plan and hereby automatically accepts the RSUs subject to all the terms and provisions of the Plan and this Agreement.  The Participant hereby further agrees that he or she has received a copy of, or has online access to, the prospectus and hereby acknowledges his or her automatic acceptance and receipt of such prospectus electronically.

3.    Board Decisions and Interpretations. The Participant hereby agrees to accept as binding, conclusive and final all actions, decisions and/or interpretations of the Board, its delegates, or agents, upon any questions or other matters arising under the Plan or this Agreement.  

4.    Payment of Shares; Dividend Equivalents.

(a)    Except as otherwise provided in Subparagraph 4(b) or 4(d) below, the Participant shall receive payment of all Shares on the date that is one year after the Effective Date (not including the Effective Date) (the “Maturity Date”).  For example, if the Effective Date of the Participant’s award under this Agreement is May ___, 2013, the Maturity Date will be May ___, 2014.

(b)    If the Participant dies prior to the Maturity Date while serving as a Non-Management Director of the Company or his or her service as a Non-Management Director of the Company terminates for any other reason prior to the Maturity Date and such termination constitutes a “separation from service” as defined under Treasury Regulation § 1.409A-1, as amended, 

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the Participant shall receive payment of all Shares at the time of such death or separation from service.  In this regard, if at the time a Non-Management Director’s service as a Non-Management Director terminates, such Non-Management Director is also providing services to the Company or an Affiliate (as defined below) as an independent contractor,  no separation from service by such Non-Management Director shall occur, and no Shares shall be payable to such Non-Management Director until the date on which such Non-Management Director has a Separation from Service as an Independent Contractor (as defined below) from the Company and its Affiliates.  

(c)     All Shares that are paid pursuant to the Participant’s death or separation from service as provided in Subparagraph 4(b) above shall be paid to the Participant upon occurrence of the event giving rise to the right to payment or, in the case of Participant’s death, to the beneficiary of the Participant under the Plan or, if no beneficiary has been designated, to the Participant’s estate, provided that, except as otherwise required under Federal securities laws or other applicable law, all Shares that are paid pursuant to Subparagraph 4(b) above shall be paid not more than 90 days following the occurrence of the event giving rise to the right to payment.  

(d)    If the Participant has elected, pursuant to a timely Deferral Election, to defer receipt of the Shares until a separation from service as described in Subparagraph 4(b) above that occurs after the Maturity Date, all Shares shall be paid to the Participant in a lump sum within 30 days following such Participant’s separation from service.

(e)    Shares that become payable under this Agreement will be paid by the Company by the delivery to the Participant, or, in the case of the Participant’s death, to the Participant’s beneficiary or legal representative, of one or more certificates (or other indicia of ownership) representing shares of Williams Common Stock equal in number to the number of Shares otherwise payable under this Agreement. 

(f)    Upon conversion of RSUs into Shares under this Agreement, such RSUs shall be cancelled.

(g)    From and after the Effective Date, the Participant shall be entitled to accrue Dividend Equivalents with respect to each Share subject to the Award.  Such Dividend Equivalents shall accrue in cash as and when dividends are paid to stockholders generally.  Prior to payment, the Dividend Equivalents shall be subject to the same restrictions and limitations set forth herein with respect to the RSUs to which the Dividend Equivalents relate.  The Dividend Equivalents accrued hereunder shall be paid in cash in lump sum (without interest) to the Participant (or beneficiary or estate, as applicable) as and when the Shares to which such Dividend Equivalents relate are paid pursuant to this Section 4.  

5.    Definitions.   As used in this Agreement, the following terms shall have the definitions set forth below. 

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(a)    “Affiliate” means all persons with whom the Company would be considered a single employer under Section 414(b) of the Code, and all persons with whom such person would be considered a single employer under Section 414(c) of the Code.    

(b)    “Separation from Service as an Independent Contractor” will occur upon the expiration of the contract (or in the case of more than one contract, all contracts) under which services are performed by a Non-Management Director for the Company or an Affiliate, but only if the expiration constitutes a good-faith and complete termination of the contractual relationship.  An expiration of a contract shall not constitute a good faith and complete termination of the contractual relationship if the Company or an Affiliate anticipates either a renewal of a contractual relationship or the Non-Management Director’s becoming an employee.  The determination of whether a Separation from Service as an Independent Contractor has occurred shall be governed by the provisions of Treasury Regulation § 1.409A-1, as amended.

6.    Other Provisions.

(a)    The Participant understands and agrees that payments under this Agreement shall not be used for, or in the determination of, any other payment or benefit under any continuing agreement, plan, policy, practice or arrangement providing for the making of any payment or the provision of any benefits to or for the Participant or the Participant’s beneficiaries or representatives, including, without limitation, any employment agreement, any change of control severance protection plan or any employee benefit plan as defined in Section 3(3) of ERISA, including, but not limited to qualified and non-qualified retirement plans.

(b)    The Participant agrees and understands that, upon payment of Shares under this Agreement, stock certificates (or other indicia of ownership) issued may be held as collateral for monies he/she owes to the Company or any of its Affiliates, including but not limited to personal loan(s) or the Company credit card debt.

(c)    RSUs, Shares and the Participant’s interest in RSUs and Shares may not be sold, assigned, transferred, pledged or otherwise disposed of or encumbered at any time prior to the Participant’s becoming entitled to payment of  Shares under this Agreement.

(d)    With respect to the right to receive payment of the Shares under this Agreement, nothing contained herein shall give the Participant any rights that are greater than those of a general creditor of the Company. 

(e)    The obligations of the Company under this Agreement are unfunded and unsecured.  Each Participant shall have the status of a general creditor of the Company with respect to amounts due, if any, under this Agreement.

(f)    The parties to this Agreement intend that this Agreement meet the applicable requirements of Section 409A of the Code and recognize that it may be necessary to modify this Agreement and/or the Plan to reflect guidance under Section 409A of the Code issued by the Internal Revenue Service.  Participant agrees that the Board shall have sole discretion 

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in determining (i) whether any such modification is desirable or appropriate and (ii) the terms of any such modification. 

(g)    The Participant hereby automatically becomes a party to this Agreement whether or not he or she accepts the Award electronically or in writing in accordance with procedures of the Board, its delegates or agents.

(h)    Nothing in this Agreement or the Plan shall confer upon the Participant the right to continue to serve as a director of the Company.
(i)    The Participant hereby acknowledges that nothing in this Agreement shall be construed as requiring the Board or Committee to allow a Domestic Relations Order with respect to this Award.
7.    Notices. All notices to the Company required hereunder shall be in writing and delivered by hand or by mail, addressed to The Williams Companies, Inc., One Williams Center, Tulsa, Oklahoma 74172, Attention: Stock Administration Department.  Notices shall become effective upon their receipt by the Company if delivered in the foregoing manner.  To direct the sale of any Shares issued under this Agreement, the Participant must contact Fidelity at http://netbenefits.fidelity.com or by telephone at 800-544-9354.

8.    Tax Consultation.  You understand you will incur tax consequences as a result of acquisition or disposition of the Shares.  You agree to consult with any tax consultants you think advisable in connection with the acquisition of the Shares and acknowledge that you are not relying, and will not rely, on the Company for any tax advice.
	
		
	 
	THE WILLIAMS COMPANIES, INC.

	 
	 

	 
	 

	 
	By_____________________________________

	 
	     Alan S. Armstrong

	 
	     President and CEO

Participant:  <@Name@>                           
SSN:    <@SSN@>

5Exhibit 10.6 12.28.2013

EXHIBIT 10.6

SECOND AMENDMENT TO THE ST. JUDE MEDICAL, INC. 
MANAGEMENT SAVINGS PLAN

THIS INSTRUMENT, amending the St. Jude Medical, Inc. Management Savings Plan as restated effective January 1, 2008, is adopted by St. Jude Medical, Inc., a Minnesota corporation, (the “Employer”), and shall be effective as of June 1, 2012.
RECITALS
WHEREAS, the Employer has heretofore established and maintains a Management Savings Plan (the “Plan”) that is currently embodied in a document dated January 1, 2008, as amended; and
WHEREAS, the Plan currently provides for a segregation of amounts transferred to this Plan from another nonqualified deferred compensation plan, which will make administration of the Plan by its recordkeeper more difficult; and
WHEREAS, the Employer desires to amend the Plan to provide such transferred amounts to be held in one or more contribution sources provided under the Plan;
NOW, THEREFORE, the Plan is amended to set forth below:
		
	1.
	Article 1(gg) is amended in its entirety to read as follows:

“Transferred Amount” means the notional amount, representing the unfunded and unsecured general obligations of the Company, transferred to this Plan pursuant to Section 4.5 from another nonqualified deferred compensation arrangement (as that term is defined under Section 409A of the Code and regulations promulgated thereunder) maintained by the Company, an Affiliate or unrelated entity, and shall include amounts transferred from the St. Jude Medical, S. C., Inc. U.S. Division Representative Principals and Sales Associates Deferred Compensation Plan.”

		
	2.
	Article 1(ll) is amended by replacing the term “Transferred Amount” for the term “Transferred Account”.

		
	3.
	Section 4.5 is restated in its entirety to read as follows:

“4.5     Amounts Transferred to this Plan»
.  The amounts subject to a transfer pursuant to this Section 4.5 and the requirements regarding such transfer as herein provided shall apply with respect to the benefits that may be payable under the Plan.

		
	a.
	If a participant in the St. Jude Medical S.C., Inc. U.S. Division Representative Principals and Sales Associates Deferred Compensation Plan ceases to participate in that plan and becomes a Participant in this Plan pursuant to the provisions of Sections 3.1 and 3.2 of this Plan, the elections to defer compensation by the Participant that were made under the St. Jude Medical S.C., Inc. U.S. Division Representative Principals and Sales Associates Deferred Compensation Plan and in effect at the time the Participant ceases to participate in that plan shall be applied as an initial election under this Plan after the date on which the Participant ceases to be a participant in that plan and during the remainder of the Plan Year in which the employee is a Participant in this Plan.  Such election may be changed only as otherwise provided in subsection (e) of Section 4.2 of this Plan.

		
	b.
	If a participant in the St. Jude Medical S.C., Inc. U.S. Division Representative Principals and Sales Associates Deferred Compensation Plan becomes a Participant in this Plan pursuant to the provisions of Sections 3.1 and 3.2 of this Plan, the amounts credited to the account of such participant under the St. Jude Medical S.C., Inc. U.S. Division Representative Principals and Sales Associates Deferred Compensation Plan shall be transferred to and credited to one of more of the notional accounts (a Deferred Compensation Account, a Discretionary Amount Account, a Matching Amount Account, etc.) for such Participant based on the contribution source of the Transferred Amounts in the transferor plan. If such transfer occurs, such transfer shall be made in a manner consistent with the requirements of Code §414(1) and Treas. Reg. §1.414(1)-1 regarding a merger or consolidation of assets and liabilities but without regard to any actual merger or consolidation of assets.  The Transferred Amount of a Participant who had been a participant in the St. Jude Medical S.C., Inc. U.S. Division Representative Principals and Sales Associates Deferred Compensation Plan shall be determined as of a valuation date determined by the Company immediately preceding the transfer to such Transferred Amount, which shall then be credited to the Plan as the opening balance with respect to such Participant.

		
	c.
	Subject to subsections (d) and (e) of this Section 4.5:

		
	1.
	the Transferred Amounts of a participant in the St. Jude Medical S.C., Inc. U.S. Division Representative Principals and Sales Associates Deferred Compensation Plan shall be subject to the terms and conditions of this Plan and payable to or on behalf of the Participant pursuant to and in accordance with the terms and conditions of this Plan; 

		
	2.
	after such transfer from the St. Jude Medical S.C., Inc. U.S. Division Representative Principals and Sales Associates Deferred Compensation Plan, the value of the Transferred Amount credited to the accounts of such Participant under this Plan shall be determined, valued and paid under the terms and conditions of this Plan; and

		
	3.
	additional contributions, and earnings and losses thereon, may be credited to the Accounts containing such Transferred Amount.  

No benefit shall be determined, valued or paid to or with respect to a participant under the St. Jude Medical S.C., Inc. U.S. Division Representative Principals and Sales Associates Deferred Compensation Plan with respect to such Transferred Amount, and all rights under that plan with respect to the Transferred Amount shall be waived by that Participant and forfeited.
		
	d.
	If a participant in the St. Jude Medical S.C., Inc. U.S. Division Representative Principals and Sales Associates Deferred Compensation Plan made a valid and effective election for a distribution of benefits under that plan and distributions have commenced in accordance with that election and pursuant to that distribution provision as of the date on which the Transferred Amount was credited to the Accounts under this Plan for the benefit of that participant, then, subject to such terms and conditions as the Company may impose, distributions shall continue to be made pursuant to that election made under the St.  Jude Medical S.C., Inc. U.S. Division Representative Principals and Sales Associates Deferred Compensation Plan, and such election shall be treated and given effect as a valid election under this Plan regarding such Transferred Amount. No delay or acceleration of any valid election as to the time and form of payment with respect to the Transferred Amount except as otherwise permitted under this Plan and Code §409A and its regulations

		
	e.
	If a participant in the St. Jude Medical S.C., Inc. U.S. Division Representative Principals and Sales Associates Deferred Compensation Plan made a valid and effective election for a distribution of benefits under that plan, then, subject to such terms and conditions as the Company may impose, that election for a distribution shall be treated and given effect as a valid election under this Plan with respect to the Transferred Amount as if such election was made in accordance with the provisions of this Plan.  Any change in such election shall conform to the provisions of Section 4.2(e) of this Plan.

		
	f.
	Transferred Amount, together with earnings and losses thereon, credited to the Accounts of the Participant established and maintained under this Plan in accordance with this Section 4.5 shall be allocated or reallocated among the investment options made available by the Company for purposes 

of measuring the value of those amounts pursuant to the same terms and conditions that apply to other contributions credited under this Plan pursuant to Article 5.
		
	g.
	Amounts credited to the account of a participant in the St. Jude Medical S.C., Inc. U.S. Division Representative Principals and Sales Associates Deferred Compensation Plan shall be Vested pursuant to and in accordance with the schedule and provisions of that plan as of the date on which such transfer occurs, which may require the Transferred Amount to be divided into sub-accounts within the designated Accounts to separately account for the Vested amounts.  Effective as of the date on which such Transferred Amount is transferred to this Plan, the non-Vested Transferred Amount shall be subject to the Vesting provisions of Section 6.1 of this Plan based upon the contribution source of such amounts under the St. Jude Medical S.C., Inc. U.S. Division Representative Principals and Sales Associates Deferred Compensation Plan and the applicable provisions of this Plan with respect to those amounts.  For purposes of determining the Vested amount, years of service as a participant in the St. Jude Medical S.C., Inc. U.S. Division Representative Principals and Sales Associates Deferred Compensation Plan shall be taken into account under this Plan.

		
	h.
	Any benefit payable to a Beneficiary of a Participant under this Plan shall be determined in accordance with the terms and conditions of this Plan and shall be payable pursuant to Article 7 without regard to any provision in the St. Jude Medical S.C., Inc. U.S. Division Representative Principals and Sales Associates Deferred Compensation Plan, but subject to the limitations otherwise contained in this Section 4.5.

		
	4.
	Section 4.7 is amended by deleting the term “Transfer Account”.

IN WITNESS WHEREOF, St. Jude Medical, Inc. has caused this Second Amendment to be executed by its officer, who has been duly authorized by the Compensation Committee, effective as of the date specified herein.

                    
                    	
			
	ST. JUDE MEDICAL, INC.

	 
	 
	 

	By:
	 
	/s/ JASON A. ZELLERS

	Its:
	 
	Vice President, General Counsel and Corporate Secretary

	Date:
	 
	June 1, 2012

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