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Mead Johnson Nutrition Company 2009 Senior Executive Performance Incentive Plan

 EXHIBIT 10.13 
 MEAD JOHNSON NUTRITION COMPANY 
 2009 SENIOR EXECUTIVE PERFORMANCE INCENTIVE PLAN 

(Effective [            ], 2009) 
 1. Purpose. The purpose of this 2009 Senior Executive Performance Incentive Plan (the “Plan”) is to aid Mead Johnson Nutrition Company,
a Delaware corporation (together with its successors and assigns, the “Company”), in attracting, retaining, motivating and rewarding executive employees of the Company or its Subsidiaries or Affiliates by providing for Awards that will
serve as an incentive to annual performance by executive employees who contribute materially to the success of the Company and its Subsidiaries and Affiliates. The Plan authorizes annual incentive awards that are intended to qualify as
“performance-based compensation” that is tax deductible without limitation under Section 162(m) of the Internal Revenue Code of 1986, as amended (the “Code”). 
 2. Definitions. In addition to the terms defined in Section 1 above and elsewhere in the Plan, the following capitalized terms used in the
Plan have the respective meanings set forth in this Section: 
 (a) “Affiliate” means a corporation or other entity that directly,
or indirectly through one or more intermediaries, controls, is controlled by or is under common control with the Company. For purposes of the Plan, an ownership interest of more than fifty percent (50%) shall be deemed to be a controlling
interest. 
 (b) “Award” means the amount of a Participant’s Award Opportunity in respect of a given Performance Year
determined by the Committee to have been earned and to be payable or potentially payable to the Participant, subject to any conditions as may be imposed by the Committee. 
 (c) “Award Opportunity” means a specified percentage of the Award Pool that a Participant potentially may earn in respect of a specified Performance Year, subject to such additional requirements as the
Committee may impose. An Award Opportunity constitutes a conditional right to receive an Award. 
 (d) “Award Pool” means a
hypothetical cash amount equal to two percent (2%) of the Pretax Earnings for a specified Performance Year. Pretax Earnings for this purpose may not include Pretax Earnings from any period not included in the designated Performance Year and, if
Performance Years overlap, the Committee must specify counting rules so that the aggregate of Award Pools for such Performance Years does not exceed the limit of two percent (2%) of the Pretax Earnings during the relevant periods. 

(e) “Beneficiary” means the person, persons, trust or trusts designated as being entitled to receive the benefits under a Participant’s
Award Opportunity or Award upon and following such Participant’s death. Unless otherwise determined by the Committee, a Participant may designate one or more individuals and/or one or more trusts as his or her Beneficiary, and in the absence of
a designated Beneficiary the Participant’s Beneficiary shall be as specified in Section 8(a). Unless otherwise determined by the Committee, any designation of a Beneficiary other than a Participant’s spouse, or a trust in which the
Participant’s spouse is the sole beneficiary, shall be subject to the written consent of such spouse. 

 (f) “Board” means the Company’s Board of Directors. 
 (g) “BMS” means Bristol-Myers Squibb Company, a Delaware corporation. 
 (h) “Change in Control” means the occurrence of any one of the following events after the Effective Date while BMS is an Affiliate of the
Company: 
 (i) Any Person (as defined in Section 13(d)(3) of the Securities and Exchange Act) shall have become the direct or indirect
beneficial owner of thirty percent (30%) or more of the then outstanding common shares of BMS; 
 (ii) The consummation of a merger or
consolidation of BMS with any other corporation other than (A) a merger or consolidation which would result in the voting securities of BMS outstanding immediately prior thereto continuing to represent at least fifty-one percent (51%) of
the combined voting power of the voting securities of BMS or the surviving entity outstanding immediately after such merger or consolidation, or (B) a merger or consolidation effected to implement a recapitalization of BMS in which no Person
acquires more than fifty percent (50%) of the combined voting power of BMS’s then outstanding securities; 
 (iii) The date the
stockholders of BMS approve a plan of complete liquidation of BMS or an agreement for the sale or disposition by BMS of all or substantially all BMS’s assets; 
 (iv) The date there shall have been a change in the composition of the Board of Directors of BMS within a two-year period such that a majority of BMS’s Board of Directors does not consist of directors who were
serving at the beginning of such period together with directors whose initial nomination for election by BMS’s stockholders or, if earlier, initial appointment to BMS’s Board of Directors, was approved by the vote of two-thirds of the
directors then still in office who were in office at the beginning of the two-year period together with the directors who were previously so approved. 
 Notwithstanding the forgoing, for purposes of Section 7(f), a Change in Control means a change in the ownership or effective control of BMS, or a change in the ownership of a substantial portion of the assets of
BMS, each within the meaning of Treasury Regulation Section 1.409A-3(i)(5), while BMS is an Affiliate of the Company. 
 (i)
“Code” has the meaning specified in Section 1. References to any provision of the Code or regulation thereunder include any successor provisions and regulations, and reference to regulations includes any applicable guidance or
pronouncement of the Department of the Treasury and Internal Revenue Service. 
 (j) “Committee” means the Compensation Committee
of the Board, the composition and governance of which is established in the Committee’s Charter as approved from time to time by the Board and subject to other corporate governance documents of the Company. No action of the Committee shall be
void or deemed to be without authority due to 

  

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the failure of any member, at the time the action was taken, to meet any qualification standard set forth in the Committee Charter or this Plan. The
Committee may specify that any of its actions shall be subject to the approval of the Board. 
 (k) “Covered Employee” means a
person designated by the Committee as likely, with respect to a given fiscal year of the Company, to be a “covered employee,” as defined in Code Section 162(m)(3) and Internal Revenue Service Notice 2007-49, or in any subsequent
guidance or pronouncement of the Department of the Treasury or Internal Revenue Service that defines or interprets the term “covered employee” for purposes of Code Section 162(m)(3), for that year (or a later year in which an Award
may be settled). This designation generally is required at the time an Award Opportunity is granted. 
 (l) “Current Portion” has
the meaning specified in Section 6(a). 
 (m) “Deferral Account” means a hypothetical bookkeeping account established and
maintained by the Company on behalf of a Participant pursuant to Section 7(a) to track the Deferred Portions of the Participant’s Awards. 
 (n) “Deferred Portion” has the meaning specified in Section 6(a). 
 (o) “Disability” means an event which
results in the Participant being (i) unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous
period of not less than twelve (12) months, or (ii) by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than twelve
(12) months, receiving income replacement benefits for a period of not less than three (3) months under an accident and health plan covering employees of the Company or its Subsidiaries. 
 (p) “Effective Date” means [            ], 2009, subject to the approval of
the Plan by the Company’s stockholders, as specified in Section 10(j). 
 (q) “Pretax Earnings” means the Company’s
earnings from continuing operations on a consolidated basis before deduction of income taxes as reported (or to be reported) in the Company’s financial statements, less pretax minority interest expenses, and excluding discontinued operations,
extraordinary items and other non-recurring items, in each case as determined in accordance with generally accepted accounting principles or identified in the Company’s financial statements, notes to the financial statements, management’s
discussion and analysis or other filings with the U.S. Securities and Exchange Commission. 
 (r) “Participant” means a person who
has been granted an Award Opportunity or Award under the Plan which remains outstanding. 
 (s) “Performance Year” means the fiscal
year or portion thereof specified by the Committee as the period over which Pretax Earnings are to be measured as a basis for determining the level of funding of the Award Pool. 
 (t) “Plan Regulations” has the meaning specified in Section 3(a)(iii). 
  

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 (u) “Retirement” means a Participant’s Separation from Service with the Company or a
Subsidiary or Affiliate in the following circumstances: 
 (i) At or after the Participant’s 65th birthday; or 
 (ii) At or after the Participant’s 55th birthday having completed 10 years of service with the Company and/or any Subsidiaries and/or Affiliate; or

 (iii) Such termination is by the Company or a Subsidiary or Affiliate not for cause and is not voluntary on the part of the Participant,
at or after the Participant has attained age plus years of service (rounded up to the next higher whole number) which equals at least 70 and the Participant has completed 10 years of service with the Company and/or any Subsidiary and/or Affiliate,
and the Participant has executed a general release and has agreed to be subject to covenants relating to noncompetition, nonsolicitation and other commitments for the protection of the Company’s business as then may be required by the Committee
(subject to Section 7(f)(ix)). 
 (v) “Section 409A Specified Employee” means a “specified employee,” within the
meaning of Code Section 409A(a)(2)(B)(i) and Treasury Regulation Section 1.409A-1(i), as determined by the Committee or its designee. For purposes of a distribution to which the requirements of Section 7(f)(iii)(B) apply, the status
of a Participant as a Section 409A Specified Employee will be determined annually under the Company’s administrative procedure for such determination for purposes of all plans subject to Code Section 409A. 
 (w) “Separation from Service” means the date of cessation of a Participant’s employment relationship with the Company and any Affiliate
and Subsidiary for any reason, with or without cause, as determined by the Company. A transfer of a Participant between and among the Company or a Subsidiary or Affiliate shall not be deemed a Separation from Service for purposes of the Plan.
Notwithstanding the forgoing, with respect to any distribution of a Deferred Portion, the date on which a participant incurs a Separation from Service shall be determined in accordance with Code Section 409A(a)(2)(A)(i) and Treasury Regulation
Section 1.409A-1(h). 
 (x) “Subsidiary” means any corporation which at the time qualifies as a subsidiary of the Company
under the definition of “subsidiary corporation” in Code Section 424(f). 
 (y) “Unforeseeable Emergency” means a
severe financial hardship to the Participant resulting from an illness or accident of the Participant, the Participant’s spouse, or a dependent (as defined in Code Section 152, without regard to Code Sections 152(b)(1), (b)(2), and
(d)(1)(B)) of the Participant, loss of the Participant’s property due to casualty, or similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Participant, and otherwise meeting the
definition set forth in Treasury Regulation Section 1.409A-3(i)(3). 
  

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 3. Administration. 
 (a) Authority of the Committee. The Plan shall be administered by the Committee, which shall have full and final authority and discretion, in each case subject to and consistent with the provisions of the Plan
and any applicable laws or regulations, to: 
 (i) select eligible employees of the Company and any Subsidiary to become Participants;

 (ii) grant Award Opportunities and Awards under the Plan; 
 (iii) prescribe documents setting the terms of Award Opportunities and Awards (such Award documents need not be identical for each Participant or each Award), amendments thereto, and rules and regulations for the
administration of the Plan and amendments thereto (“Plan Regulations”); 
 (iv) construe and interpret the Plan and Award
documents and correct defects, supply omissions or reconcile inconsistencies therein; and 
 (v) to make all other decisions and
determinations as the Committee may deem necessary or advisable for the administration of the Plan. 
 (b) Committee Determinations.
Decisions of the Committee with respect to the administration and interpretation of the Plan shall be final, conclusive, and binding upon all persons interested in the Plan, including Participants, Beneficiaries, and other persons claiming rights
from or through a Participant, and stockholders (except as may be otherwise determined by the Board). 
 (c) Manner of Exercise of
Committee Authority. The express grant of any specific power to the Committee, and the taking of any action by the Committee, shall not be construed as limiting any power or authority of the Committee. The Committee may act through
subcommittees, including for purposes of qualifying Award Opportunities and Awards under Code Section 162(m) as performance-based compensation, in which case the subcommittee shall be subject to any limitations under the Committee Charter, and
the acts of the subcommittee shall be deemed to be acts of the Committee hereunder. 
 (d) Delegation of Authority. The Committee may
delegate to one or more officers or managers of the Company or any Subsidiary or Affiliate, or committees thereof, the authority, subject to such terms as the Committee shall determine, to perform such functions, including administrative functions,
as the Committee may determine, to the extent that such delegation (i) will not cause Award Opportunities and Awards intended to qualify as performance-based compensation under Code Section 162(m) to fail to so qualify, and (ii) will
not result in a related-party transaction with an executive officer required to be disclosed under Item 404(a) of Regulation S-K (in accordance with Instruction 5.a.ii thereunder) under the Securities and Exchange Act, and (iii) is
permitted under the applicable provisions of the Delaware General Corporation Law. 
  

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 (e) Limitation of Liability. The Committee and each member thereof, and any person acting pursuant
to authority delegated by the Committee, shall be entitled, in good faith, to rely or act upon any report or other information furnished by any executive officer, other officer or employee of the Company or a Subsidiary or Affiliate, the
Company’s independent auditors, consultants or any other agents assisting in the administration of the Plan. Members of the Committee, any person acting pursuant to authority delegated by the Committee, and any officer or employee of the
Company or a Subsidiary or Affiliate acting at the direction or on behalf of the Committee or a delegee shall not be personally liable for any action or determination taken or made in good faith with respect to the Plan, and shall, to the fullest
extent permitted by law and the Company’s By-Laws, be fully indemnified and protected by the Company with respect to any such action or determination. 
 4. Eligibility and Per-Person Limits. Employees of the Company or any Subsidiary or Affiliate who are or may become executive officers of the Company may be selected by the Committee to participate in this Plan
in a specified Performance Year; except, however, that for purposes of this Section 4, “Affiliate” shall not include BMS. The maximum Award Opportunity of any individual Participant who is the Chief Executive Officer of the Company
during any part of a Performance Year shall be twenty percent (20%) of the Award Pool for that Performance Year, and for any other individual Participant shall be fifteen percent (15%) of the Award Pool for that Performance Year, provided
that the aggregate of all Award Opportunities under this Plan for any Performance Year may not exceed one-hundred percent (100%) of the Award Pool. 
 5. Designation and Earning of Award Opportunities. 
 (a) Designation of Award Opportunities.
The Committee shall select employees to participate in the Plan and designate the Performance Year of such participation. The Committee shall designate, for each such Participant, the Award Opportunity such Participant may earn for such Performance
Year and any conditions to the earning of such Award Opportunity or portions thereof (in addition to the requirement that Pretax Earnings be achieved in order to fund the Award Pool). Award Opportunities will be denominated in cash and Awards will
be payable in cash, except that the Committee may denominate an Award Opportunity in shares of common stock or equity awards based on common stock or provide for payment of a cash-denominated Award Opportunity in the form of such shares or equity
awards if and to the extent that the shares or equity awards are available under the Mead Johnson Nutrition Company 2009 Stock Award and Incentive Plan (or a successor thereto) and authorized for use hereunder in accordance with applicable
requirements of such other plan. Except for shares drawn from such other plan, no shares of common stock are specifically reserved for issuance under this Plan. 
 (b) Award Opportunities of Covered Employees. If the Committee determines that an Award Opportunity to be granted to an eligible person who is designated as a Covered Employee by the Committee should qualify as
performance based compensation for purposes of Code Section 162(m), the Committee will specify the Performance Year and the Participant’s Award Opportunity no later than the date which is the earlier of (i) ninety (90) days after
the beginning of the applicable Performance Year or (ii) the time twenty-five percent (25%) of such Performance Year has elapsed. Any settlement or other event which would change the form of 

  

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payment from that originally specified shall be implemented in a manner such that the Award does not, solely for that reason, fail to qualify as
performance-based compensation for purposes of Code Section 162(m). 
 (c) Additional Participants and Award Opportunity Designations
During a Performance Year. At any time during a Performance Year, the Committee may select a new employee or a newly promoted employee to participate in the Plan for that Performance Year and/or designate, for any such Participant, an Award
Opportunity (or additional Award Opportunity) for such Performance Year or a different Performance Year. In determining the amount of the Award Opportunity for such Participant under this Section 5(c), the Committee, in its sole and absolute
discretion, may take into account the portion of the Performance Year already elapsed, the performance achieved during such elapsed portion of the Performance Year, and such other considerations as the Committee may deem relevant. 
 (d) Determination of Award. During the year following the Performance Year, within a
reasonable time after the end of each Performance Year and financial results for the Performance Year have become available (but not later than March 15th for any portion of an Award for which the substantial risk of forfeiture lapsed during the Performance Year), the Committee will determine the extent to which the Award Pool is funded and Award Opportunities for the
Performance Year have been earned, and the Award for each Participant for such Performance Year. The Committee may, in its sole and absolute discretion, increase or reduce the amount of an Award or cancel an Award, but may not exercise discretion to
increase any such amount payable to a Covered Employee in respect of an Award that is intended to qualify as performance-based compensation for purposes of Code Section 162(m) if such increase would cause the amount payable under the related
Award Opportunity to exceed the amount actually earned based on Pretax Earnings performance. Unless otherwise determined by the Committee (or otherwise provided under a separate agreement, plan or policy conferring rights on the Participant), the
Award shall be deemed earned and vested only at the time the Committee makes the determination pursuant to this Section 5(d) with respect to a Participant who remains employed by the Company or a Subsidiary or Affiliate at the time of the
determination, and no Participant has a legal right to receive an Award until such determination has been made. 
 (e) Written
Determinations. Determinations by the Committee under this Section 5, including Award Opportunities, the level of Pretax Earnings for the Performance Year and the resulting funding of the Award Pool, and the amount of any Award earned shall
be recorded in writing. With regard to Awards intended to qualify as performance-based compensation under Code Section 162(m), the Committee will certify, in a manner conforming to applicable regulations under Code Section 162(m), prior to
settlement of each such Award granted to a Covered Employee, that the Award (and any related Award Opportunity) has been earned and other material terms upon which earning of the Award was conditioned have been satisfied. 
 (f) Other Terms of Award Opportunities and Awards. Subject to the terms of this Plan, the Committee may specify the circumstances in which Award
Opportunities and Awards shall be paid or forfeited in the event of a Change in Control, Separation from Service or other event prior to the end of a Performance Year or settlement of an Award. With respect to 

  

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Award Opportunities and Awards subject to Section 5(b), any payments resulting from a Change in Control, death or Disability need not qualify as
performance-based compensation under Section 162(m) if authorizing such non-qualifying payments would not disqualify the Award Opportunity or Award from Section 162(m) qualification in cases in which no Change in Control, death or
Disability in fact has occurred. 
 (g) Adjustments. The Committee, in its sole and absolute discretion, is authorized to make
adjustments in the terms and conditions of, and the criteria included in, Award Opportunities in recognition of unusual or nonrecurring events, including acquisitions and dispositions of businesses and assets, affecting the Company and any
Subsidiary, Affiliate or other business unit, or the financial statements of the Company or any Subsidiary or Affiliate, or in response to changes in applicable laws, regulations, accounting principles, tax rates and regulations or business
conditions or in view of the Committee’s assessment of the business strategy of the Company, any Subsidiary or Affiliate or business unit thereof, economic and business conditions, personal performance of a Participant, and any other
circumstances deemed relevant; provided, however, that no such adjustment shall be authorized or made if and to the extent that the existence or exercise of such authority (i) would affect the definition of “Pretax Earnings” so as to
increase the amount thereof; (ii) would cause an Award Opportunity or Award under Section 5(b) intended to qualify as performance-based compensation under Code Section 162(m) and regulations thereunder to fail to so qualify, or
(iii) would cause the Committee to be deemed to have authority to change the targets, within the meaning of Treasury Regulation Section 1.162-27(e)(4)(vi), with respect to Award Opportunities intended to qualify as performance-based
compensation under Code Section 162(m) and regulations thereunder. 
 6. Settlement of Awards. 
 (a) Current and Deferred Portions. The Committee may require or may permit a Participant to elect to defer payment of a percentage (not less than
twenty-five percent (25%)) of an Award (the “Deferred Portion”). Any Award or portion of an Award which the Committee does not require to be deferred, and the Participant does not validly elect to defer, shall be paid in accordance
with Section 6(b) (the “Current Portion”). Any Deferred Portion, and any rights of a Participant to elect deferral, shall be subject to the terms and conditions stated in Section 7(f) and in any Plan Regulations. 
 (b) Settlement of Award. Any Current Portion of an Award shall be paid and settled by the
Company promptly after the date of determination by the Committee under Section 5(d) hereof. The Current Portion of any Award shall be paid no later than March 15th of the year following the end of the Performance Year to which the Award relates, except that, in the case of any Award or portion thereof subject to a substantial risk of forfeiture extending into that following
year, the Current Portion may be paid at any time during such following year. 
 (c) Tax Withholding. The Company and its Subsidiaries
and Affiliates shall deduct from any payment in settlement of a Participant’s Award or from any other payment to the Participant, including wages, any Federal, state, or local withholding or other tax or charge which is then required to be
deducted under applicable law with respect to the Award. If any Award is to be settled by delivery of common stock, the Company may, at its election, withhold shares to cover such withholding taxes. Participants may elect to have the deduction of
taxes 

  

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cover the amount of any applicable tax payable by the Participant in excess of the mandatory withholding tax, with such incremental tax determined on the
basis of the highest marginal tax rate applicable to such Participant, except that if shares of common stock are to be withheld, such shares may be withheld only to the extent of the mandatory withholding taxes. 
 (d) Non-Transferability. An Award Opportunity, any resulting Award, including any Deferred Portion, and any other right hereunder shall be
non-assignable and non-transferable, and shall not be pledged, encumbered, or hypothecated to or in favor of any party or subject to any lien, obligation or liability of the Participant to any party other than the Company or a Subsidiary or
Affiliate, except that a Participant may designate a Beneficiary pursuant to the provisions of Section 8. 
 7. Deferral of
Payments. The Deferred Portion of an Award shall be subject to the following, provided, however, that certain provisions of Section 7(f) apply also to the Current Portion of an Award: 
 (a) Deferral Accounts. The Company will establish and maintain a Deferral Account in the name of each Participant whose payment of all or a portion
of an Award had been deferred in accordance with Section 6(a). The Deferred Portion of an Award shall be credited to the Deferral Account as of the date that the underlying Award would otherwise have been paid if such payment had not been
deferred. 
 (b) Notional Investment Funds. At such time as may be specified by the Committee, the Participant shall determine,
subject to the approval of the Committee, the portion of his or her Deferred Portion that is to be valued by reference to the Performance Incentive Fixed Income Fund (the “Fixed Income Fund”), the portion that is to be valued by reference
to the Performance Incentive Company Stock Fund (the “Stock Fund”) and the portion that shall be valued by reference to any other fund(s) (collectively, the “Funds”) which may be established by the Committee for this purpose. The
Committee may from time to time determine whether the Fund(s) used to value the Deferral Account of any Participant may be changed from the Fund(s) currently used to any other Fund established for use under this Plan, subject to Section 7(f).

 (c) Payments in Settlement of Deferred Portions. Unless otherwise determined by the Committee, and subject to Section 7(f),
payments of a Participant’s Deferred Portions shall be made as follows: Payment of the total value of a Participant’s Deferral Account shall be made to the Participant or, in case of the death of the Participant prior to the commencement
of payments of the Deferral Account, to the Participant’s Beneficiary, in lump sum or in installments (as permitted by the Committee and elected by the Participant in accordance with Section 7(f)) commencing within 30 days after the
Participant shall cease, by reason of a Separation from Service, death or otherwise, to be an employee of the Company or an Affiliate or Subsidiary; provided, however, that the Committee, in its sole and absolute discretion may, subject to
Section 7(f), require, or permit a Participant to elect, that distribution of the Participant’s Deferral Account be made or commence in connection with any of the payment dates or events permitted under Code Section 409A and set out
in Section 7(f)(iii). Certain provisions governing the timing of payment in the event of death are specified in Section 8(a) below. In case of the death of any Participant after the commencement of installment payments, the then remaining
unpaid balance of the Participant’s Deferral Account shall continue to be paid in installments, at such times and in such manner as if such Participant were living, to the Beneficiary(ies) of the Participant. 
  

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 (d) Conduct of Participant Following Separation from Service. If, following the date on which a
Participant incurs a Separation from Service, the Participant shall at any time either disclose to unauthorized persons confidential information relative to the business of the Company or otherwise act or conduct themselves in a manner which the
Committee shall determine is inimical or contrary to the best interest of the Company, the Company’s obligation to make any further payment with respect to the portion of the Participant’s Deferral Account that is attributable to mandatory
deferrals shall forthwith terminate. The determination of the Committee as to whether an event has occurred resulting in a forfeiture or a termination or reduction of the Company’s obligation in accordance with the provisions of this
Section 7(d) shall be conclusive. 
 (e) Fund Composition and Valuation. Deferral Accounts under the Plan shall be valued and
maintained as follows: 
 (i) In accordance with the provisions, and subject to the conditions, of the Plan and the Plan Regulations, the
Deferral Account established by the Committee shall be valued in reference to the Participants’ notional investments in the Fixed Income Fund, Company Stock Fund, and any other Fund(s) established under the Plan. Deferral Account balances shall
be maintained as dollar values, units or share equivalents, as appropriate, based upon the nature of the Fund. Unless otherwise determined by the Committee, for unit or share-based Funds, the number of units or shares credited shall be based upon
the established unit or share value as of the last day of the quarter preceding the crediting of the Deferred Portion to the Deferral Account. 
 (ii) Investment income credited to Participants’ Deferral Account under the Fixed Income Fund shall be determined by the Committee based upon the prevailing rates of return experienced by the Company. The Company shall advise
Participants of the current valuations of the Fixed Income Fund as appropriate to facilitate deferral decisions, investment choices and to communicate payout levels. The Company Stock Fund shall consist of units each valued as one share of common
stock of the Company (par value $.01). 
 (iii) Nothing contained in the Fund definitions in Sections 7(e)(i) and (ii) shall require
the Company to segregate or earmark any cash, shares, or other property to determine Fund values, maintain Participant Deferral Account levels or for any other purpose. 
 (iv) The establishment of the Fixed Income Fund and the Company Stock Fund as detailed in Sections 7(e)(i) and (ii) shall not preclude the right of the Committee to direct the establishment of additional
investment Funds or to discontinue those Funds. In establishing such Funds, the Committee shall determine the criteria to be used for determining the value of such Funds. 
  

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 (f) Certain Provisions to Ensure Compliance with Code Section 409A. Other provisions of the
Plan notwithstanding, the terms of any Deferred Portion (which term includes earnings thereon), including any authority of the Company and rights of the Participant with respect to the Deferral Account or any Deferred Portion, shall be subject to
the following additional terms and conditions: 
 (i) Deferral Elections. If a Participant is permitted to elect the time or form of
payment (lump sum or installments) of a Deferred Portion, the Participant may make such election only by filing a valid written election, on such form as the Committee may require. Such election must be received by the Company not later than the
following election deadlines: 
 (A) General Rule. The election must be received by the Company no later than six (6) months
before the end of the applicable Performance Year, provided that (i) the Participant was employed continuously from the later of the first day of the Performance Year or the date on which the Award Opportunity was established through the date
of election, (ii) the election must be made before such compensation has become readily ascertainable (i.e., substantially certain to be paid), (iii) the Performance Year is a full year in length (and not a partial year) and the
Award Opportunity was established no later than ninety (90) days after the start of the Performance Year. 
 (B) Other Cases. In all other cases for which the Committee permits the Participant to elect the time or form of payment of a Deferred Portion, the election must be received by the Company no later than
December 31st of the year preceding the Performance Year. 
 (ii) Required Deferrals. In the event that the Committee determines that the payment of all or a portion of an Award shall be automatically deferred, without providing the Participant with the opportunity to
elect the time and form of such payment, the Committee must set forth in writing the time and form of payment of the Deferred Portion no later than the later of (i) the date of grant or (ii) the date by which the Participant would have
been required to submit his or her election under Section 7(f)(i) above had the Committee permitted such Participant to make such election. 
 (iii) Distribution. Except as provided in Section 7(f)(vi) hereof, no Deferred Portion shall be distributable to a Participant (or his or her beneficiary) except upon the occurrence of one of the following dates or events (or a
date related to the occurrence of one of the following dates or events), which must be specified either in a written document governing such Deferred Portion or in the written election submitted by the Participant in respect of such Deferred
Portion: 
 (A) Specified Time. A specified time or a fixed schedule. 
 (B) Separation from Service. The Participant’s Separation from Service; provided, however, that if the Participant is a Section 409A
Specified Employee as of the date of his or her Separation from Service and any of the Company’s stock is publicly traded on an established securities market or otherwise, the Company shall withhold payment of any Deferred Portion that becomes
payable to such Section 409A Specified Employee on account of his or her Separation from Service until the first day of the seventh month following such Separation from Service or, if earlier, the date of his or her death. In the case of
installments, this delay shall not affect the timing of any installment otherwise payable after the six-month delay period. 
  

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 (C) Death. The death of the Participant. 
 (D) Disability. The date the Participant incurs a Disability. 
 (E) Change in Control. The occurrence of a Change in Control. 
 (iv) Separate Payments. For
purposes of Code Section 409A and this Section 7(f), the Current Portion and the Deferred Portion of each Award for each Performance Year, and installments payable as the Deferred Portion, each shall be deemed a “separate
payment” within the meaning of Treasury Regulation Section 1.409A-2(b)(2). 
 (v) Changes in Distribution Terms. The
Committee may, in its discretion, require or permit on an elective basis a change in the time and/or form of payment of a Deferred Portion after the dates specified in Sections 7(f)(i)(A) and (B) above, subject to the following conditions,
which may not be waived by the Committee: 
 (A) Such election or Committee determination must be in writing and must be made, if at all, no
less than twelve (12) months prior to the originally scheduled payment date set out in the applicable Award documents or the Participant’s most recent payment election; 
 (B) Such election or Committee determination shall not be valid and take effect until at least twelve (12) months after the date on which the
election or determination is made; and 
 (C) Except with respect to an election to receive payment upon Disability, death or an
Unforeseeable Emergency, the first scheduled payment must be deferred pursuant to the election for a period of at least five (5) years from the original payment date set out in the applicable Award document or the Participant’s most recent
payment election. 
 (vi) No Acceleration. The distribution of a Deferred Portion may not be accelerated prior to the time specified
in accordance with Section 7(f)(iii) hereof, except in the case of one of the following events: 
 (A) Unforeseeable Emergency.
The Committee may permit accelerated payment of a Deferred Portion upon the occurrence of an Unforeseeable Emergency, but only if the net amount payable upon such settlement does not exceed the amounts necessary to relieve such emergency plus
amounts necessary to pay taxes reasonably anticipated as a result of the settlement, after taking into account the extent to which the emergency is or may be relieved through reimbursement or compensation from insurance or otherwise or by
liquidation of the Participant’s other assets (to the extent such liquidation would not itself cause severe financial hardship), or by cessation of deferrals under the Plan. Upon a finding that an Unforeseeable Emergency has occurred with
respect to a Participant, any election by the Participant to defer payment of all or a portion of an Award that will be earned and vested in whole or part by services performed during the year in which the Unforeseeable Emergency occurred or is
found to continue will be immediately cancelled, as provided in Treasury Regulation Section 1.409A-3(j)(4)(viii). 
  

 12 

 (B) Domestic Relations Order. The Committee may permit accelerated payment of a Deferred Portion
to the extent necessary to comply with the terms of a domestic relations order (as defined in Code Section 414(p)(1)(B) of the Code), as provided in Treasury Regulation Section 1.409A-3(j)(4)(ii). 
 (C) Conflicts of Interest. The Committee may permit accelerated payment of a Deferred Portion to the extent necessary to comply with a Federal,
state, local or foreign ethics law or conflict of interest law, as provided in Treasury Regulation Section 1.409A-3(j)(4)(iii)(B). 
 (D) Payment of Employment Taxes. The Committee may permit accelerated payment of a Deferred Portion to the extent necessary to enable the Participant to satisfy applicable Federal employment tax obligations, as provided in Treasury
Regulation Section 1.409A-3(j)(4)(iv). 
 (E) Other Permitted Accelerations. The Committee may exercise the discretionary right
to accelerate the vesting of any unvested compensation deemed to be a Deferred Portion upon Change in Control or to terminate the Plan upon or within twelve (12) months after such Change in Control and make distributions to the extent permitted
under Treasury Regulation Section 1.409A-3(j)(4)(ix), or accelerate payment of any such Deferred Portion in any other circumstance permitted under Treasury Regulation Section 1.409A-3(j)(4). 
 (vii) Timing of Distributions. Except as otherwise provided in Section 8(a) with respect to Awards that become payable on account of a
Participant’s death, unless the applicable Award document, or written election submitted by the Participant in respect of such Deferred Portion provides a specific date following any of the other permissible payment events set out in
Section 7(f)(iii) upon which payment of the Deferred Portion shall be made or commence, such payment shall be made or commence within sixty (60) days after the occurrence of the applicable payment event; provided, however, that where such
sixty (60) day period begins and ends in different tax years, the Participant shall have no right to designate the tax year in which payment will be made (other than pursuant to an election that satisfies the requirements of
Section 7(f)(v)). 
 (viii) Scope and Application of this Provision. For purposes of this provision, references to a term or
event (including any authority or right of the Company or a Participant) being “permitted” under Code Section 409A mean that the term or event will not cause the Participant to be deemed to be in constructive receipt of compensation
relating to the Deferred Portion prior to the distribution of cash, shares or other property or to be liable for payment of interest or a tax penalty under Code Section 409A. 
 (ix) Release or Other Separation Agreement. If the Company requires a Participant to execute a release, non-competition, or other agreement as a
condition to receipt of a payment upon or following a Separation from Service, the Company will supply to the Participant a form of such release or other document not later than the date of the Participant’s 

  

 13 

 
Separation from Service, which must be returned within the time period required by law and must not be revoked by the Participant within the applicable time
period in order for the Participant to satisfy any such condition. If any amount payable during a fixed period following Separation from Service is subject to such a requirement and the fixed period would begin in one tax year and end in the next,
the Company, in determining the time of payment of any such amount, will not be influenced by the timing of any action of the Participant including execution of such a release or other document and expiration of any revocation period. In particular,
the Company will be entitled in its discretion to deposit any such payment in escrow during either tax year comprising such fixed period, so that such deposited amount is constructively received and taxable income to the Participant upon deposit but
with distribution from such escrow remaining subject to the Participant’s execution and non-revocation of such release or other document. 
 (x) Limitation on Setoffs. No setoff by the Company to satisfy any obligation of the Participant to the Company is permitted against a Deferral Account except at the time of distribution of such Deferral Account. 
 (xi) Special Disability Provision. In case of a Disability of a Participant, for any Deferred Portion the Company shall determine whether there
has occurred a Separation from Service based on Participant’s circumstances, in which case such Disability will be treated as a Separation from Service for purposes of determining the time of payment of such Deferred Portion. The Company’s
determination hereunder will be made initially within thirty (30) days after the Disability and each March and December thereafter. 
 8. Designation of and Payments to Beneficiaries. 
 (a) Distributions in the Event of Death. If a Participant has died
and then or thereafter a Current or Deferred Portion becomes distributable to the Participant, such payment will be distributed to the Participant’s Beneficiary; provided, however, that an individual or trust will be deemed a Beneficiary only
if he, she or it is surviving or in existence on the date of death of the Participant and if the Participant has designated such individual or trust as a Beneficiary in his or her most recent written and duly filed Beneficiary designation
(i.e., any new Beneficiary designation under the Plan cancels a previously filed Beneficiary designation). If no Beneficiary is living or in existence at the time of Participant’s death, any subsequent payment will be distributable to
the person or persons in the first of the following classes of successive preference: 
 (i) widow or widower, if then living; 
 (ii) surviving children, equally; 
 (iii)
surviving parents, equally; 
 (iv) surviving brothers and sisters, equally; and 
 (v) executors or administrators; 
  

 14 

 and the term “Beneficiary” as used in the Plan shall include such individuals. In case of the death of a
Participant, any Current or Deferred Portion will be made to the estate (or, in the case of installments, commence) within thirty (30) days after the Participant’s death. The representatives of the Participant’s estate shall be
obligated to provide to the Company such documentation as the Committee may reasonably require, but in any event distribution hereunder may not be delayed beyond the end of the year in which the specified payment date falls (and the Current Portion
must be paid, in any event, no later than March 15 of the calendar year following the year in which the death occurs). If the Participant dies after the commencement of installment payments, the then remaining unpaid balance of Deferred
Portions shall continue to be paid in installments, at such times and in such manner as if such Participant were living, to the Beneficiary(ies). 
 (b) Terms and Conditions Applicable to a Beneficiary. A Beneficiary, transferee, or other person claiming any rights under the Plan from or through any Participant shall be subject to all terms and conditions of the Plan and any
Award document applicable to such Participant, except as otherwise determined by the Committee, and to any additional terms and conditions deemed necessary or appropriate by the Committee. 
 9. Additional Forfeiture Provisions Applicable to Awards. Awards shall be subject to the Company’s policy providing that the Company will, to
the extent permitted by governing law, require reimbursement of any bonus paid to executive officers and certain other officers where: (i) the payment was predicated upon the achievement of certain financial results that were subsequently the
subject of a restatement, (ii) in the Board’s view the Participant engaged in misconduct that caused or partially caused the need for the restatement, and (iii) a lower payment would have been made to the Participant based upon the
restated financial results. In each such instance, the Company will seek to recover the Participant’s entire Award for the relevant period, plus a reasonable rate of interest. Any successor or additional policy in effect at the date an Award is
determined shall apply to such Award. 
 10. General Provisions. 
 (a) Changes to this Plan. The Committee may at any time amend, alter, suspend, discontinue or terminate this Plan, and such action shall not be
subject to the approval of the Company’s stockholders or Participants; provided, however, that any amendment to the Plan beyond the scope of the Committee’s authority shall be subject to the approval of the Board; provided further, that
any amendment to the Plan shall be subject to stockholder approval if and to the extent required so that Award Opportunities and Awards under Section 5(b) can continue to qualify as performance-based compensation under Code Section 162(m),
and provided further, that, without the consent of the Participant, no such action shall materially impair the rights of a Participant with respect to an Award as to which the Committee no longer retains a right to exercise negative discretion to
eliminate the payment in settlement of the Award. 
 (b) Participant Acceptance of Plan and Award Terms. By accepting any Award or
other benefit under the Plan, a Participant and each person claiming under or through him or her shall be conclusively deemed to have accepted, ratified and consented to any action taken or made under the Plan by the Company, the Board, BMS, the
Committee or any other committee appointed by the Board, and to have agreed to all terms and conditions under the Plan and otherwise specified in connection with such Award. 
  

 15 

 (c) Section 162(m) of the Code. Unless otherwise determined by the Committee, the provisions
of this Plan shall be administered and interpreted in accordance with the applicable requirements of Code Section 162(m) so as to ensure the deductibility by the Company of payments in settlement of Awards to Covered Employees. 
 (d) Unfunded Status of Participant Rights. Award Opportunities, Awards, Deferral Accounts, Deferred Portions, and related rights of a Participant
under the Plan represent unfunded deferred compensation obligations of the Company for purposes of the Employee Retirement Income Security Act of 1974, as amended, (“ERISA”) and federal income tax purposes and, with respect thereto, the
Participant shall have rights no greater than those of an unsecured general creditor of the Company. 
 (e) Nonexclusivity of the
Plan. The adoption of this Plan shall not be construed as creating any limitations on the power of the Company, Board or Committee to adopt such other compensation arrangements as it may deem desirable for any Participant or non-participating
employee, including authorization of annual incentives under other plans and arrangements. 
 (f) No Right to Continued Employment.
Neither the Plan, its adoption, its operation, nor any action taken under the Plan shall be construed as giving any employee the right to be retained or continued in the employ of the Company or any Subsidiary or Affiliate, nor shall it interfere in
any way with the right and power of the Company or any Subsidiary or Affiliate to dismiss or discharge any employee or take any action that has the effect of terminating any employee’s employment at any time. 
 (g) Severability. The invalidity of any provision of the Plan or a document hereunder shall not be deemed to render the remainder of this Plan or
such document invalid. 
 (h) Successors. The Company shall require any successor (whether direct or indirect, by purchase, merger,
consolidation or otherwise, and whether or not the corporate existence of the Company continues) to all or substantially all of the business and/or assets of the Company to expressly assume and agree to perform the Company’s obligations under
the Plan in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place; provided, however, that such successor may replace the Plan with a Plan substantially equivalent in
opportunity and achievability, as determined by a nationally recognized compensation consulting firm, and covering the persons who were Participants at the time of such succession. Any successor and the ultimate parent company of such successor
shall in any event be subject to the requirements of this Section 10(h) to the same extent as the Company. Subject to the foregoing, the Company may transfer and assign its rights and obligations hereunder. 
 (i) Governing Law. The validity, construction, and effect of the Plan and any rules and regulations or document hereunder, to the extent not
otherwise governed by the Code or the laws of the United States, shall be determined in accordance with the laws of the State of New York, without giving effect to conflict of law principles. 
  

 16 

 (j) Effective Date of Plan; Stockholder Approval; Termination of Plan. The Plan is effective as of
            , 2009, subject to the approval of the Plan by the affirmative votes of the holders of a majority of the voting securities of the Company present, or represented, and
entitled to vote on the subject matter at the duly held meeting of the Company’s stockholders coincident with or next following such date, provided that the total vote cast on the proposal represents over fifty percent (50%) in interest of
all securities entitled to vote on the proposal. The Plan will terminate at such time as may be determined by the Board. 
  

 17Bristol-Myers Squibb Company 2007 Stock Award and Incentive Plan

 Exhibit 10.14 
 BRISTOL-MYERS SQUIBB COMPANY 
 2007 STOCK AWARD AND INCENTIVE PLAN 
 (As Amended and Restated effective June 10, 2008) 
 1. Purpose. The purpose of this 2007 Stock Award and Incentive Plan (the “Plan”) is to aid Bristol-Myers Squibb Company, a Delaware corporation (together with its successors and assigns,
the “Company”), in attracting, retaining, motivating and rewarding employees, non-employee directors, and other service providers of the Company or its subsidiaries or affiliates, to provide for equitable and competitive compensation
opportunities, to recognize individual contributions and reward achievement of Company goals, and to promote the creation of long-term value for stockholders by closely aligning the interests of Participants with those of stockholders. The Plan
authorizes stock-based and cash-based incentives for Participants. 
 2. Definitions. In addition to the terms defined
in Section 1 above and elsewhere in the Plan, the following capitalized terms used in the Plan have the respective meanings set forth in this Section: 
 (a) “Annual Limit” shall have the meaning specified in Section 5(b). 
 (b) “Award”
means any Option, SAR, Restricted Stock, Stock Unit, Stock granted as a bonus or in lieu of another award, Dividend Equivalent, Other Stock-Based Award, or Performance Award, together with any related right or interest, granted to a Participant
under the Plan. 
 (c) “Beneficiary” means the person, persons, trust or trusts designated as being entitled to receive the
benefits under a Participant’s Award upon and following a Participant’s death. Unless otherwise determined by the Committee, a Participant may designate a person, persons, trust or trusts as his or her Beneficiary, and in the absence of a
designated Beneficiary the Participant’s Beneficiary shall be as specified in Section 11(b)(ii). Unless otherwise determined by the Committee, any designation of a Beneficiary other than a Participant’s spouse shall be subject to the
written consent of such spouse. 
 (d) “Board” means the Company’s Board of Directors. 
 (e) “Change in Control” and related terms have the meanings specified in Section 9. 
 (f) “Code” means the Internal Revenue Code of 1986, as amended. References to any provision of the Code or regulation thereunder shall include
any successor provisions and regulations, and reference to regulations includes any applicable guidance or pronouncement of the Department of the Treasury and Internal Revenue Service. 
 (g) “Committee” means the Compensation and Management Development Committee of the Board, the composition and governance of which is
established in the Committee’s Charter as approved from time to time by the Board and subject to other corporate governance documents of the Company. No action of the Committee shall be void or deemed to be without authority due to the failure
of any member, at the time the action was taken, to meet any qualification standard set forth in the Committee Charter or this Plan. The full Board may perform any function of the Committee hereunder (subject to applicable requirements of New York
Stock Exchange rules and Code Section 162(m)), in which case the term “Committee” shall refer to the Board. 
 (h)
“Covered Employee” means an Eligible Person who is a Covered Employee as specified in Section 11(j). 

 (i) “Dividend Equivalent” means a right, granted under this Plan, to receive cash, Stock, other
Awards or other property equal in value to all or a specified portion of the dividends paid with respect to a specified number of shares of Stock. 
 (j) “Effective Date” means the effective date specified in Section 11(p). 
 (k) “Eligible Person” has the
meaning specified in Section 5. 
 (l) “Exchange Act” means the Securities Exchange Act of 1934, as amended. References to any
provision of the Exchange Act or rule (including a proposed rule) thereunder shall include any successor provisions and rules. 
 (m)
“Fair Market Value” means the fair market value of Stock, Awards or other property as determined in good faith by the Committee or under procedures established by the Committee. Unless otherwise determined by the Committee, the Fair Market
Value of Stock on a given day shall mean the last sale price of a share of stock before the 4 p.m. Eastern Time closing time (or equivalent earlier time for partial trading days) on that day or, if there was not trading on that day, on the last
preceding day on which the Stock was traded, as reported on the composite tape for securities listed on the New York Stock Exchange. Fair Market Value relating to the exercise price or base price of any Non-409A Option or SAR and relating to the
market value of Stock measured at the time of exercise shall conform to applicable requirements under Code Section 409A. 
 (n)
“409A Awards” means Awards that constitute a deferral of compensation under Code Section 409A and regulations thereunder. “Non-409A Awards” means Awards other than 409A Awards. Although the Committee retains authority under
the Plan to grant Options and SARs on terms that will qualify those Awards as 409A Awards, Options, and SARs are intended to be Non-409A Awards unless otherwise expressly specified by the Committee. 
 (o) “Full-Value Award” means an Award relating to Stock other than (i) Options and SARs that are treated as exercisable solely for Stock
under applicable accounting rules and (ii) Awards for which the Participant pays the intrinsic value directly or by forgoing a right to receive a cash payment from the Company. 
 (p) “Incentive Stock Option” or “ISO” means any Option designated as an incentive stock option within the meaning of Code
Section 422 and qualifying thereunder. 
 (q) “Option” means a right to purchase Stock granted under Section 6(b).

 (r) “Other Stock-Based Awards” means Awards granted to a Participant under Section 6(h). 
 (s) “Participant” means a person who has been granted an Award under the Plan which remains outstanding, including a person who is no longer an
Eligible Person. 
 (t) “Performance Award” means a conditional right, granted to a Participant under Sections 6(i) or 7, to
receive cash, Stock or other Awards or payments. 
 (u) “Restricted Stock” means Stock granted under this Plan which is subject to
certain restrictions and to a risk of forfeiture. 
 (v) “Retirement” means a Participant’s termination of employment
with the Company or a subsidiary or affiliate in the following circumstances: 
 (i) At or after the Participant’s 65th birthday;
or 
  

 2 

	 	(ii)	At or after the Participant’s 55th birthday having completed ten years of service with the Company and/or its subsidiaries and affiliates; or 

  

	 	(iii)	Such termination is by the Company or a subsidiary or affiliate not for cause and is not voluntary on the part of the Participant, at or after the Participant has attained age plus
years of service (rounded up to the next higher whole number) which equals at least 70 and the Participant has completed ten years of service with the Company and/or its subsidiaries and affiliates, and the Participant has executed a general release
and has agreed to be subject to covenants relating to noncompetition, nonsolicitation and other commitments for the protection of the Company’s business as then may be required by the Committee. 

 (w) “Stock” means the Company’s Common Stock, par value $0.10 per share, and any other equity securities of the Company that may be
substituted or resubstituted for Stock pursuant to Section 11(c). 
 (x) “Stock Units” means a right, granted under this Plan,
to receive Stock or other Awards or a combination thereof at the end of a specified period. Stock Units subject to a risk of forfeiture may be designated as “Restricted Stock Units” as provided in Section 6(e)(ii). 
 (y) “Stock Appreciation Rights” or “SAR” means a right granted to a Participant under Section 6(c). 
 3. Administration. 
 (a) Authority of the Committee. The Plan shall be administered by the Committee, which shall have full and final authority, in each case subject to and consistent with the provisions of the Plan, to select Eligible Persons to
become Participants; to grant Awards; to determine the type and number of Awards, the dates on which Awards may be exercised and on which the risk of forfeiture or deferral period relating to Awards shall lapse or terminate, the acceleration of any
such dates, the expiration date of any Award, whether, to what extent, and under what circumstances an Award may be settled, or the exercise price of an Award may be paid, in cash, Stock, other Awards, or other property, and other terms and
conditions of, and all other matters relating to, Awards; to prescribe documents evidencing or setting terms of Awards (such Award documents need not be identical for each Participant or each Award), amendments thereto, and rules and regulations for
the administration of the Plan and amendments thereto; to construe and interpret the Plan and Award documents and correct defects, supply omissions or reconcile inconsistencies therein; and to make all other decisions and determinations as the
Committee may deem necessary or advisable for the administration of the Plan. Decisions of the Committee with respect to the administration and interpretation of the Plan shall be final, conclusive, and binding upon all persons interested in the
Plan, including Participants, Beneficiaries, transferees under Section 11(b) and other persons claiming rights from or through a Participant, and stockholders. The foregoing notwithstanding, either the Board, the Committee, or another committee
of the Board may perform the functions of the Committee for purposes of granting Awards under the Plan to non-employee directors, as the Board may at any time direct. 
 (b) Manner of Exercise of Committee Authority. The express grant of any specific power to the Committee, and the taking of any action by the Committee, shall not be construed as limiting any power or
authority of the Committee. The Committee may act through subcommittees, including for purposes of perfecting exemptions under Rule 16b-3 or qualifying Awards under Code Section 162(m) as performance-based compensation, in which case the
subcommittee shall be subject to and have authority under the charter applicable to the Committee, and the acts of the subcommittee shall be deemed to be acts of the Committee hereunder. The Committee may delegate to one or more officers or managers
of the Company or any subsidiary or affiliate, or committees thereof, the authority, subject to such terms as the Committee shall determine, to perform such functions, including administrative functions, as the Committee may 

  

 3 

 
determine, to the extent that such delegation (i) will not result in the loss of an exemption under Rule 16b-3(d) for Awards granted to Participants
subject to Section 16 of the Exchange Act in respect of the Company, (ii) will not cause Awards intended to qualify as “performance-based compensation” under Code Section 162(m) to fail to so qualify, (iii) will not
result in a related-person transaction with an executive officer required to be disclosed under Item 404(a) of Regulation S-K (in accordance with Instruction 5.a.ii thereunder) under the Exchange Act, and (iv) is permitted under
Section 157 and other applicable provisions of the Delaware General Corporation Law. 
 (c) Limitation of Liability. The
Committee and each member thereof, and any person acting pursuant to authority delegated by the Committee, shall be entitled, in good faith, to rely or act upon any report or other information furnished by any executive officer, other officer or
employee of the Company or a subsidiary or affiliate, the Company’s independent auditors, consultants or any other agents assisting in the administration of the Plan. Members of the Committee, any person acting pursuant to authority delegated
by the Committee, and any officer or employee of the Company or a subsidiary or affiliate acting at the direction or on behalf of the Committee or a delegee shall not be personally liable for any action or determination taken or made in good faith
with respect to the Plan, and shall, to the extent permitted by law, be fully indemnified and protected by the Company with respect to any such action or determination. 
 4. Stock Subject To Plan. 
 (a) Overall Number of Shares Available for
Delivery. Subject to adjustment as provided under Section 11(c), the total number of shares of Stock reserved and available for delivery in connection with Awards under the Plan shall be (i) 42 million shares, plus
(ii) the number of shares that, immediately prior to the Effective Date, remain available for new awards under the 2002 Stock Incentive Plan, plus (iii) the number of shares subject to awards under the 2002 Stock incentive Plan that become
available in accordance with Section 4(b) after the Effective Date; provided, however, that the total number of shares with respect to which ISOs may be granted shall not exceed 42 million shares. Any shares of Stock delivered under the
Plan shall consist of authorized and unissued shares or treasury shares. 
 (b) Share Counting Rules. The Committee may adopt
reasonable counting procedures to ensure appropriate counting, avoid double counting (as, for example, in the case of tandem or substitute Awards) and make adjustments in accordance with this Section 4(b). Shares shall be counted against those
reserved to the extent such shares have been delivered and are no longer subject to a risk of forfeiture. Accordingly, (i) to the extent that an Award under the Plan or an award under the 2002 Stock Incentive Plan is canceled, expired,
forfeited, settled in cash, settled by delivery of fewer shares than the number underlying the Award or award, or otherwise terminated without delivery of shares to the Participant, the shares retained by or returned to the Company will not be
deemed to have been delivered under the Plan or the 2002 Stock Incentive Plan; and (ii) shares that are withheld from such Award or award or separately surrendered by the Participant in payment of the exercise price or taxes relating to such
Award or award shall be deemed to constitute shares not delivered and will be available under the Plan. The Committee may determine that Awards may be outstanding that relate to more shares than the aggregate remaining available under the Plan so
long as Awards will not in fact result in delivery and vesting of shares in excess of the number then available under the Plan. In addition, in the case of any Award granted in assumption of or in substitution for an award of a company or business
acquired by the Company or a subsidiary or affiliate or with which the Company or a subsidiary or affiliate combines, shares delivered or deliverable in connection with such assumed or substitute Award shall not be counted against the number of
shares reserved under the Plan. 
 5. Eligibility; Per-Person Award Limitations. 
 (a) Eligibility. Awards may be granted under the Plan only to Eligible Persons. For purposes of the Plan, an “Eligible Person”
means (i) an employee of the Company or any subsidiary or affiliate, including any executive officer or employee director of the Company or a subsidiary or affiliate, (ii) any person who has been offered employment by the Company or a
subsidiary or affiliate, provided that such prospective employee may not receive any payment or exercise any right relating to an Award until 

  

 4 

 
such person has commenced employment with the Company or a subsidiary or affiliate, (iii) any non-employee director of the Company, and (iv) any
person who provides substantial services to the Company or a subsidiary or affiliate. An employee on leave of absence may be considered as still in the employ of the Company or a subsidiary or affiliate for purposes of eligibility for participation
in the Plan. For purposes of the Plan, a joint venture in which the Company or a subsidiary has a substantial direct or indirect equity investment shall be deemed an affiliate, if so determined by the Committee. Holders of awards granted by a
company or business acquired by the Company or a subsidiary or affiliate, or with which the Company or a subsidiary or affiliate combines, are eligible for substitute Awards granted in assumption of or in substitution for such outstanding awards in
connection with such acquisition or combination transaction. 
 (b) Per-Person Award Limitations. In each calendar year during
any part of which the Plan is in effect, an Eligible Person may be granted Awards under the Plan intended to qualify as “performance-based compensation” under Code Section 162(m) relating to up to his or her Annual Limit. A
Participant’s Annual Limit, in any year during any part of which the Participant is then eligible under the Plan, shall equal [three] million shares plus the amount of the Participant’s unused Annual Limit as of the close of the previous
year, subject to adjustment as provided in Section 11(c). In the case of an Award which is not valued in a way in which the limitation set forth in the preceding sentence would operate as an effective limitation satisfying applicable law
(including Treasury Regulation § 1.162-27(e)(4)), an Eligible Person may not be granted Awards under the Plan authorizing the earning during any calendar year of an amount that exceeds the Eligible Person’s Annual Limit, which for this
purpose shall equal $6 million plus the amount of the Eligible Person’s unused cash Annual Limit as of the close of the previous year (this limitation is separate and not affected by the number of Awards granted during such calendar year which
are subject to the limitation in the preceding sentence, and the Annual Limits are subject to Section 11(h)). For this purpose, (i) “earning” means satisfying performance conditions so that an amount becomes payable, without
regard to whether it is to be paid currently or on a deferred basis or continues to be subject to any service requirement or other non-performance condition, (ii) a Participant’s Annual Limit is used to the extent an amount or number of
shares may be potentially earned or paid under an Award, regardless of whether such amount or shares are in fact earned or paid, and (iii) the Annual Limit applies to Dividend Equivalents under Section 6(g) only if such Dividend
Equivalents are granted separately from and not as a feature of a Full-Value Award. 
 6. Specific Terms of Awards. 

 (a) General. Awards may be granted on the terms and conditions set forth in this Section 6. In addition, the Committee
may impose on any Award or the exercise thereof, at the date of grant or thereafter (subject to Sections 11(e) and 11(k)), such additional terms and conditions, not inconsistent with the provisions of the Plan, as the Committee shall determine,
including terms requiring forfeiture of Awards in the event of termination of employment or service by the Participant and terms permitting a Participant to make elections relating to his or her Award. The Committee shall retain full power and
discretion with respect to any term or condition of an Award that is not mandatory under the Plan, subject to Section 11(k) and the terms of the Award agreement. The Committee shall require the payment of lawful consideration for an Award to
the extent necessary to satisfy the requirements of the Delaware General Corporation Law, and may otherwise require payment of consideration for an Award except as limited by the Plan. 
 (b) Options. The Committee is authorized to grant Options to Participants on the following terms and conditions: 
  

	 	(i)	 Exercise Price. The exercise price per share of Stock purchasable under an Option (including both ISOs and non-qualified Options) shall be determined by the
Committee, provided that such exercise price shall be not less than the Fair Market Value of a share of Stock on the date of grant of such Option, subject to Section 8(a). Notwithstanding the foregoing, any substitute award granted in
assumption of or in substitution for an outstanding award granted by a company or business acquired by the Company or a 

  

 5 

	 	 
subsidiary or affiliate, or with which the Company or a subsidiary or affiliate combines may be granted with an exercise price per share of Stock other than
as required above. No adjustment will be made for a dividend or other right for which the record date is prior to the date on which the stock is issued, except as provided in Section 11(c) of the Plan. 

  

	 	(ii)	Option Term; Time and Method of Exercise. The Committee shall determine the term of each Option, provided that in no event shall the term of any Option exceed a period of ten years
from the date of grant. The Committee shall determine the time or times at which or the circumstances under which an Option may be exercised in whole or in part (including based on achievement of performance goals and/or future service
requirements), the methods by which such exercise price may be paid or deemed to be paid and the form of such payment (subject to Sections 11(k) and 11(l)), including, without limitation, cash, Stock (including by withholding Stock deliverable upon
exercise), other Awards or awards granted under other plans of the Company or any subsidiary or affiliate, or other property, and the methods by or forms in which Stock will be delivered or deemed to be delivered in satisfaction of Options to
Participants (including, in the case of 409A Awards, deferred delivery of shares subject to the Option, as mandated by the Committee, with such deferred shares subject to any vesting, forfeiture or other terms as the Committee may specify).

  

	 	(iii)	ISOs. The terms of any ISO granted under the Plan shall comply in all respects with the provisions of Code Section 422. 

 (c) Stock Appreciation Rights. The Committee is authorized to grant SARs to Participants on the following terms and conditions: 

 

	 	(i)	Right to Payment. An SAR shall confer on the Participant to whom it is granted a right to receive, upon exercise thereof, the excess of (A) the Fair Market Value of one share
of Stock on the date of exercise over (B) the grant price of the SAR as determined by the Committee. The grant price of each SAR shall be not less than the Fair Market Value of a share of Stock on the date of grant of such SAR.

  

	 	(ii)	Other Terms. The Committee shall determine the term of each SAR, provided that in no event shall the term of an SAR exceed a period of ten years from the date of grant. The
Committee shall determine at the date of grant or thereafter, the time or times at which and the circumstances under which a SAR may be exercised in whole or in part (including based on achievement of performance goals and/or future service
requirements), the method of exercise, method of settlement, form of consideration payable in settlement, method by or forms in which Stock will be delivered or deemed to be delivered to Participants, whether or not a SAR shall be free-standing or
in tandem or combination with any other Award, and whether or not the SAR will be a 409A Award or Non-409A Award. The Committee may require that an outstanding Option be exchanged for an SAR exercisable for Stock having vesting, expiration, and
other terms substantially the same as the Option, so long as such exchange will not result in additional accounting expense to the Company. 

 (d) Restricted Stock. The Committee is authorized to grant Restricted Stock to Participants on the following terms and conditions: 
  

	 	(i)	 Grant and Restrictions. Restricted Stock shall be subject to such restrictions on transferability, risk of forfeiture and other restrictions, if any, as the
Committee may impose, which restrictions may lapse separately or in combination at such times, under such circumstances (including based on achievement of performance goals and/or future 

  

 6 

	 	 
service requirements), in such installments or otherwise and under such other circumstances as the Committee may determine at the date of grant or
thereafter. Except to the extent restricted under the terms of the Plan and any Award document relating to the Restricted Stock, a Participant granted Restricted Stock shall have all of the rights of a stockholder, including the right to vote the
Restricted Stock and the right to receive dividends thereon; provided, however, that the Committee may require mandatory reinvestment of dividends in additional Restricted Stock, may provide that no dividends will be paid on Restricted Stock or
retained by the Participant, or may impose other restrictions on the rights attached to Restricted Stock. 

  

	 	(ii)	Forfeiture. Except as otherwise determined by the Committee, upon termination of employment or service during the applicable restriction period, Restricted Stock that is at that
time subject to restrictions shall be forfeited and reacquired by the Company; provided that the Committee may provide, by rule or regulation or in any Award document, or may determine in any individual case, that restrictions or forfeiture
conditions relating to Restricted Stock will lapse in whole or in part, including in the event of terminations resulting from specified causes. 

  

	 	(iii)	Certificates for Stock. Restricted Stock granted under the Plan may be evidenced in such manner as the Committee shall determine. If certificates representing Restricted Stock are
registered in the name of the Participant, the Committee may require that such certificates bear an appropriate legend referring to the terms, conditions and restrictions applicable to such Restricted Stock, that the Company retain physical
possession of the certificates, and that the Participant deliver a stock power to the Company, endorsed in blank, relating to the Restricted Stock. 

  

	 	(iv)	Dividends and Splits. As a condition to the grant of an Award of Restricted Stock, the Committee may require that any dividends paid on a share of Restricted Stock shall be either
(A) paid with respect to such Restricted Stock at the dividend payment date in cash, in kind, or in a number of shares of unrestricted Stock having a Fair Market Value equal to the amount of such dividends, or (B) automatically reinvested
in additional Restricted Stock or held in kind, which shall be subject to the same terms as applied to the original Restricted Stock to which it relates, or (C) deferred as to payment, either as a cash deferral or with the amount or value
thereof automatically deemed reinvested in Stock Units, other Awards or other investment vehicles, subject to such terms as the Committee shall determine or permit a Participant to elect. Unless otherwise determined by the Committee, Stock
distributed in connection with a Stock split or Stock dividend, and other property distributed as a dividend, shall be subject to restrictions and a risk of forfeiture to the same extent as the Restricted Stock with respect to which such Stock or
other property has been distributed. 

 (e) Stock Units. The Committee is authorized to grant Stock Units to
Participants, subject to the following terms and conditions: 
  

	 	(i)	Award and Restrictions. Issuance of Stock will occur upon expiration of the holding period specified for the Stock Units by the Committee (or, if permitted by the Committee, at the
end of any additional deferral period elected by the Participant). In addition, Stock Units shall be subject to such restrictions on transferability, risk of forfeiture and other restrictions, if any, as the Committee may impose, which restrictions
may lapse at the expiration of the holding period or at earlier specified times (including based on achievement of performance goals and/or future service requirements), separately or in combination, in installments or otherwise, and under such
other circumstances as the Committee may determine at the date of grant or thereafter. Stock Units may be settled by delivery of Stock, other Awards, or a combination thereof (subject to Section 11(l)), as determined by the Committee at the
date of grant or thereafter. 

  

 7 

	 	(ii)	Forfeiture. Except as otherwise determined by the Committee, upon termination of employment or service during the applicable deferral period or portion thereof to which forfeiture
conditions apply (as provided in the Award document evidencing the Stock Units), all Stock Units that are at that time subject to such forfeiture conditions shall be forfeited; provided that the Committee may provide, by rule or regulation or in any
Award document, or may determine in any individual case, that restrictions or forfeiture conditions relating to Stock Units will lapse in whole or in part, including in the event of terminations resulting from specified causes. Stock Units subject
to a risk of forfeiture shall be designated as “Restricted Stock Units” unless otherwise determined by the Committee. 

  

	 	(iii)	Dividend Equivalents. Unless otherwise determined by the Committee, Dividend Equivalents on the specified number of shares of Stock underlying Stock Units shall be either
(A) paid with respect to such Stock Units at the dividend payment date in cash or in shares of unrestricted Stock having a Fair Market Value equal to the amount of such dividends, or (B) deferred with respect to such Stock Units, either as
a cash deferral or as a number of additional Stock Units with a value equal to the value of the Dividend Equivalents or with such value otherwise deemed reinvested in additional Stock Units, other Awards or other investment vehicles having a Fair
Market Value equal to the amount of such dividends, as the Committee shall determine or permit a Participant to elect; provided, however, that the Committee may provide that no Dividend Equivalents will be paid on a given Award of Stock Units.

 (f) Bonus Stock and Awards in Lieu of Obligations. The Committee is authorized to grant to Participants Stock
as a bonus, or to grant Stock or other Awards in lieu of obligations of the Company or a subsidiary or affiliate to pay cash or deliver other property under the Plan or under other plans or compensatory arrangements, subject to such terms as shall
be determined by the Committee. 
 (g) Dividend Equivalents. The Committee is authorized to grant Dividend Equivalents to a
Participant, which may be awarded on a free-standing basis or in connection with another Award. The Committee may provide that Dividend Equivalents shall be paid or distributed when accrued or shall be deemed to have been reinvested in additional
Stock, Awards, or other investment vehicles, and subject to restrictions on transferability, risks of forfeiture and such other terms as the Committee may specify. 
 (h) Other Stock-Based Awards. The Committee is authorized, subject to limitations under applicable law, to grant to Participants such other Awards that may be denominated or payable in, valued in whole
or in part by reference to, or otherwise based on, or related to, Stock or factors that may influence the value of Stock, including, without limitation, convertible or exchangeable debt securities, other rights convertible or exchangeable into
Stock, purchase rights for Stock, Awards with value and payment contingent upon performance of the Company or business units thereof or any other factors designated by the Committee, and Awards valued by reference to the book value of Stock or the
value of securities of or the performance of specified subsidiaries or affiliates or other business units. The Committee shall determine the terms and conditions of such Awards. Stock delivered pursuant to an Award in the nature of a purchase right
granted under this Section 6(h) shall be purchased for such consideration, paid for at such times, by such methods, and in such forms, including, without limitation, cash, Stock, other Awards, or other property, as the Committee shall
determine. Cash awards, as an element of or supplement to any other Award under the Plan, may also be granted pursuant to this Section 6(h). 
 (i) Performance Awards. Performance Awards, denominated in cash or in Stock or other Awards, may be granted by the Committee in accordance with Section 7. 
  

 8 

 7. Performance Awards. 
 (a) Performance Awards Generally. Performance Awards may be denominated as a cash amount, number of shares of Stock, or specified number of
other Awards (or a combination) which may be earned upon achievement or satisfaction of performance conditions specified by the Committee. In addition, the Committee may specify that any other Award shall constitute a Performance Award by
conditioning the right of a Participant to exercise the Award or have it settled, and the timing thereof, upon achievement or satisfaction of such performance conditions as may be specified by the Committee. The Committee may use such business
criteria and other measures of performance as it may deem appropriate in establishing any performance conditions, and may exercise its discretion to reduce or increase the amounts payable under any Award subject to performance conditions, except as
limited under Section 7(b) in the case of a Performance Award intended to qualify as “performance-based compensation” under Code Section 162(m). 
 (b) Performance Awards Granted to Covered Employees. If the Committee determines that a Performance Award to be granted to an Eligible Person who is designated by the Committee as likely to be a Covered
Employee should qualify as “performance-based compensation” for purposes of Code Section 162(m), the grant, exercise and/or settlement of such Performance Award shall be contingent upon achievement of a preestablished performance goal
and other terms set forth in this Section 7(b). 
  

	 	(i)	Performance Goal Generally. The performance goal for such Performance Awards shall consist of one or more business criteria and a targeted level or levels of performance with
respect to each of such criteria, as specified by the Committee consistent with this Section 7(b). The performance goal shall be objective and shall otherwise meet the requirements of Code Section 162(m) and regulations thereunder,
including the requirement that the level or levels of performance targeted by the Committee result in the achievement of performance goals being “substantially uncertain.” The Committee may determine that such Performance Awards shall be
granted, exercised and/or settled upon achievement of any one performance goal or that two or more of the performance goals must be achieved as a condition to grant, exercise and/or settlement of such Performance Awards. Performance goals may differ
for Performance Awards granted to any one Participant or to different Participants. 

  

	 	(ii)	Business Criteria. One or more of the following business criteria for the Company, on a consolidated basis, and/or for specified subsidiaries or affiliates or other business units
of the Company shall be used by the Committee in establishing performance goals for such Performance Awards: Net sales; revenue; revenue growth or product revenue growth; operating income (before or after taxes); pre- or after-tax income (before or
after allocation of corporate overhead and bonus); earnings per share; net income (before or after taxes); return on equity; total stockholder return; return on assets or net assets; appreciation in and/or maintenance of the price of the Shares or
any other publicly-traded securities of the Company; market share; gross profits; earnings (including earnings before taxes, earnings before interest and taxes or earnings before interest, taxes, depreciation and amortization); economic
value-created models or equivalent metrics; comparisons with various stock market indices; reductions in costs; cash flow or cash flow per share (before or after dividends); return on capital (including return on total capital or return on invested
capital); cash flow return on investment; improvement in or attainment of expense levels or working capital levels; operating margins, gross margins or cash margin; year-end cash; debt reductions and control of interest expense; stockholder equity;
regulatory achievements; and implementation, completion or attainment of measurable objectives with respect to research, development, products or projects, production volume levels, acquisitions and divestitures, market penetration, total market
capitalization, business retention, new product generation, geographic business expansion goals, cost controls and targets (including cost of capital), customer satisfaction, employee satisfaction, agency ratings, management of employment practices

  

 9 

	 	 
and employee benefits, supervision of litigation and information technology, implementation of business process controls, and recruiting and retaining
personnel. The targeted level or levels of performance with respect to such business criteria may be established at such levels and in such terms as the Committee may determine, in its discretion, including in absolute terms, as a goal relative to
performance in prior periods, or as a goal compared to the relevant performance of one or more comparable companies or an index covering multiple companies. Such performance goals also may be based solely by reference to the Company’s
performance or the performance of a Subsidiary, division, business segment or business unit of the Company, or based upon the relative performance of other companies or upon comparisons of any of the indicators of performance relative to other
companies. The Committee may also exclude charges or items from the measurement of performance in respect of these business criteria, including those relating to (a) restructurings, discontinued operations, extraordinary items, and other
unusual or non-recurring charges, (b) an event either not directly related to the operations of the Company or not within the reasonable control of the Company’s management, or (c) the effects of tax or accounting changes in
accordance with U.S. generally accepted accounting principles. Performance Goals may be particular to a Participant, the Company or a division, subsidiary, product line or other business segment of the Company, or may be based on the performance of
the Company as a whole. 

  

	 	(iii)	Performance Period; Timing for Establishing Performance Goals. Achievement of performance goals in respect of such Performance Awards shall be measured over a performance period of
up to one year or more than one year, as specified by the Committee. A performance goal shall be established not later than the earlier of (A) 90 days after the beginning of any performance period applicable to such Performance Award or
(B) the time twenty-five percent (25%) of such performance period has elapsed. 

  

	 	(iv)	Performance Award Pool. The Committee may establish a Performance Award pool, which shall be an unfunded pool, for purposes of measuring performance of the Company in connection
with Performance Awards. The amount of such Performance Award pool shall be based upon the achievement of a performance goal or goals based on one or more of the business criteria set forth in Section 7(b)(ii) during the given performance
period, as specified by the Committee in accordance with Section 7(b)(iv). The Committee may specify the amount of the Performance Award pool as a percentage of any of such business criteria, a percentage thereof in excess of a threshold
amount, or as another amount which need not bear a strictly mathematical relationship to such business criteria. 

  

	 	(v)	Settlement of Performance Awards; Other Terms. Settlement of Performance Awards shall be in cash, Stock, other Awards or other property, in the discretion of the Committee. The
Committee may, in its discretion, increase or reduce the amount of a settlement otherwise to be made in connection with such Performance Awards, but may not exercise discretion to increase any such amount payable to a Covered Employee in respect of
a Performance Award subject to this Section 7(b) beyond the level of payment authorized based on the level of achievement of the performance goal specified under this Section 7(b) and may not otherwise waive the requirement that the
performance goal be achieved (except in the event of death or disability or other special circumstances that will not result in loss of tax deductibility with respect to the Award). Any settlement which changes the form of payment from that
originally specified shall be implemented in a manner such that the Performance Award and other related Awards do not, solely for that reason, fail to qualify as “performance-based compensation” for purposes of Code Section 162(m).
The Committee shall specify the circumstances in which such Performance Awards shall be paid or forfeited in the event of termination of employment by the Participant or other event (including a Change in Control) prior to the end of a performance
period or settlement of such Performance Awards. 

  

 10 

 (c) Written Determinations. Determinations by the Committee as to the establishment of
performance goals, the amount potentially payable in respect of Performance Awards, the level of actual achievement of the specified performance goals relating to Performance Awards, and the amount of any final Performance Award shall be recorded in
writing in the case of Performance Awards intended to qualify under Section 162(m). Specifically, the Committee shall certify in writing, in a manner conforming to applicable regulations under Section 162(m), prior to settlement of each
such Award granted to a Covered Employee, that the performance objective relating to the Performance Award and other material terms of the Award upon which settlement of the Award was conditioned have been satisfied. 
 8. Certain Provisions Applicable to Awards. 
 (a) Stand-Alone, Additional, Tandem, and Substitute Awards. Awards granted under the Plan may, in the discretion of the Committee, be granted either alone or in addition to, in tandem with, or in substitution or exchange for,
any other Award or any award granted under another plan of the Company, any subsidiary or affiliate, or any business entity to be acquired by the Company or a subsidiary or affiliate, or any other right of a Participant to receive payment from the
Company or any subsidiary or affiliate; provided, however, that a 409A Award may not be granted in tandem with a Non-409A Award. Awards granted in addition to or in tandem with other Awards or awards may be granted either as of the same time as or a
different time from the grant of such other Awards or awards. Subject to Sections 11(k) and (l), the Committee may determine that, in granting a new Award, the in-the-money value or fair value of any surrendered Award or award or the value of any
other right to payment surrendered by the Participant may be applied to the purchase of any other Award. Any transaction otherwise authorized under this Section 8(a) remains subject to the restriction on repricing under Section 11(e).

 (b) Term of Awards. The term of each Award shall be for such period as may be determined by the Committee, subject to the
express limitations set forth in Sections 6(b)(ii), 6(c)(ii) and 8 or elsewhere in the Plan. 
 (c) Form and Timing of Payment under
Awards; Deferrals. Subject to the terms of the Plan (including Sections 11(k) and (l)) and any applicable Award document, payments to be made by the Company or a subsidiary or affiliate upon the exercise of an Option or other Award or
settlement of an Award may be made in such forms as the Committee shall determine, including, without limitation, cash, Stock, other Awards or other property, and may be made in a single payment or transfer, in installments, or on a deferred basis.
The settlement of any Award may be accelerated, and cash paid in lieu of Stock in connection with such settlement, in the discretion of the Committee or upon occurrence of one or more specified events, subject to Sections 11(k) and (l). Subject to
Section 11(k), installment or deferred payments may be required by the Committee (subject to Section 11(e)) or permitted at the election of the Participant on terms and conditions established by the Committee. Payments may include, without
limitation, provisions for the payment or crediting of reasonable interest on installment or deferred payments or the grant or crediting of Dividend Equivalents or other amounts in respect of installment or deferred payments denominated in Stock. In
the case of any 409A Award that is vested and no longer subject to a risk of forfeiture (within the meaning of Code Section 83), such Award will be distributed to the Participant, upon application of the Participant, if the Participant has had
an unforeseeable emergency within the meaning of Code Sections 409A(a)(2)(A)(vi) and 409A(a)(2)(B)(ii), in accordance with Section 409A(a)(2)(B)(ii). 
 9. Change in Control. 
 (a) Effect of “Change in Control.” In the event that
there occurs a Change in Control of the Company, if the Participant’s employment with the Company and its subsidiaries and affiliates terminates in an event constituting a “Qualifying Termination” (as defined in Section 9(d))
during the three-year period following the Change in Control, the following provisions shall apply to the Participant’s Awards upon such Qualifying Termination, unless otherwise provided by the Committee in the Award document (in language
specifically negating the effect of this Section 9(a)): 
  

 11 

	 	(i)	In the case of an Award other than a Performance Award, all forfeiture conditions and other restrictions applicable to such Award shall lapse and such Award shall be fully payable
as of the time of the Participant’s Qualifying Termination without regard to vesting or other conditions, and any such Award carrying a right to exercise that was not previously vested and exercisable shall become fully vested and exercisable
as of the time of the Participant’s Qualifying Termination, and all deferral of settlement and similar restrictions applicable to such Award shall lapse and such Award shall be fully payable as of the time of such Qualifying Termination without
regard to deferral conditions, subject to Section 11(k) (including any applicable six-month delay in distribution) and subject to applicable restrictions set forth in Section 11(a). 

	 	(ii)	In the case of a Performance Award, an amount equal to the pro rata portion of the Performance Award (or award opportunity relating thereto) for any performance measurement period
that was in effect at the time of the Participant’s Qualifying Termination, calculated as to each such Performance Award assuming that any performance goal or measurement will have been achieved (for the entire performance period) at the target
level, except that any portion of the Performance Award based on performance measured over a period that has been completed at or before the date of the Qualifying Termination shall be deemed earned based on actual performance for such period;
provided, however, any additional forfeiture conditions in the nature of a “clawback” applicable to the Performance Award shall continue to apply to any payment under this Section 9(a)(ii), and shall be deemed the Participant’s
covenants to be performed following the Qualifying Termination. For purposes of this Section 9(a)(ii), the pro rata portion shall be determined based on the proportion of the performance period elapsed from the beginning of such period until
the date of the Qualifying Termination, and any service, vesting or other non-performance requirement relating to such Award, including a service period that would have extended after the performance period, will be deemed met. Any portion of a
Performance Award in excess of the pro rata portion shall be cancelled, unless otherwise determined by the Committee. Any distribution hereunder shall be subject to Section 11(k) (including any applicable six-month delay in distribution) and
subject to applicable restrictions set forth in Section 11(a). 

  

	 	(iii)	Awards subject to accelerated vesting and/or settlement under this Section 9(a) may be settled in cash, if and to the extent authorized by the Committee.

 The Company and any successor that has assumed an Award in connection with a Change in Control must acknowledge and agree to be bound by the
provisions hereof during the three-year period following the Change in Control in a legally binding agreement with the Participant. 
 (b) Definition of “Change in Control.” “Change in Control” means the occurrence of any one of the following events after the Effective Date: 
  

	 	(i)	Any Person (as defined in Section 13(d)(3) of the Securities and Exchange Act) shall have become the direct or indirect beneficial owner of thirty percent (30%) or more of
the then outstanding common shares of the Company; 

  

	 	(ii)	The consummation of a merger or consolidation of the Company with any other corporation other than (A) a merger or consolidation which would result in the voting securities of
the company outstanding immediately prior thereto continuing to represent at least fifty one percent (51%) of the combined voting power of the voting securities of the Company or the surviving entity outstanding immediately after such merger or
consolidation, or (B) a merger or consolidation effected to implement a recapitalization of the Company in which no Person acquires more than fifty percent (50%) of the combined voting power of the Company’s then outstanding
securities; 

  

 12 

	 	(iii)	The date the stockholders of the Company approve a plan of complete liquidation of the Company or an agreement for the sale or disposition by the Company of all or substantially all
the Company’s assets; 

  

	 	(iv)	The date there shall have been a change in the composition of the Board of Directors of the Company within a two-year period such that a majority of the Board does not consist of
directors who were serving at the beginning of such period together with directors whose initial nomination for election by the Company’s stockholders or, if earlier, initial appointment to the Board, was approved by the vote of two-thirds of
the directors then still in office who were in office at the beginning of the two-year period together with the directors who were previously so approved. 

 (c) Qualifying Termination. For purposes of this Section 9, a “Qualifying Termination” shall be deemed to have occurred under the following circumstances: 
  

	 	(i)	A Company-initiated termination for reason other than willful misconduct, activity deemed detrimental to the interests of the Company, or disability, provided that the Participant
executes a general release and, where applicable, a non-solicitation and/or non-compete agreement with the Company. 

  

	 	(ii)	The Participant resigns with good reason, for which purpose “good reason” means (A) a substantial adverse alteration in the nature or status of the Participant’s
responsibilities, (B) a reduction in the Participant’s base salary and/or levels of entitlement or participation under any incentive plan, award program or employee benefit program without the substitution or implementation of an
alternative arrangement of substantially equal value, or, (C) the Company requiring the Participant to relocate to a work location more than 50 miles from his/her work location prior to the Change in Control. 

  

	 	(iii)	For Awards granted on or after June 10, 2008, and for any Award granted before that date that constitutes a “deferral of compensation” under Code Section 409A,
the following additional provisions apply: 

  

	 	(A)	The term “substantial” relating to the adverse alteration in the nature or status of Participant’s responsibilities under (ii)(A) above means “material”
within the meaning of Treasury Regulation § 1.409A-1(n); and 

  

	 	(B)	An event that would otherwise constitute good reason hereunder shall not constitute good reason (1) if the Participant fails to provide notice to the Company of the
circumstances constituting good reason within 90 days after Participant first become aware of such event and at least 30 days before Participant’s termination for good reason, (2) if the Participant fails to provide a notice of termination
to the Company, with such notice specifying a termination date not more than 90 days after the notice is provided to the Company and, in the case of any such award granted before June 10, 2008, a termination date not more than two years
following the date the circumstances constituting good cause first arose and, in the case of any such award granted on or after June 10, 2008, a termination date not more than 120 days following the date the Participant first became aware (or
reasonably should have become aware) of the occurrence of circumstances constituting good reason, or (3) if the Company has fully corrected the circumstance that constitutes good reason within 30 days of receipt of notice under clause
(i) above. 

 A Participant’s death or voluntary resignation without good reason will not constitute a Qualifying Termination.

  

 13 

 10. Additional Award Forfeiture Provisions. 
 The Committee may condition a Participant’s right to receive a grant of an Award, to exercise the Award, to receive a settlement or distribution with
respect to the Award or to retain cash, Stock, other Awards, or other property acquired in connection with an Award, upon compliance by the Participant with specified conditions that protect the business interests of the Company and its subsidiaries
and affiliates from harmful actions of the Participant, including conditions relating to non-competition, confidentiality of information relating to or possessed by the Company, non-solicitation of customers, suppliers, and employees of the Company,
cooperation in litigation, non-disparagement of the Company and its subsidiaries and affiliates and the officers, directors and affiliates of the Company and its subsidiaries and affiliates, and other restrictions upon or covenants of the
Participant, including during specified periods following termination of employment or service to the Company. Accordingly, an Award may include terms providing for a “clawback” or forfeiture from the Participant of the profit or gain
realized by a Participant in connection with an Award, including cash or other proceeds received upon sale of Stock acquired in connection with an Award. 
 11. General Provisions. 
 (a) Compliance with Legal and Other Requirements. The Company
may, to the extent deemed necessary or advisable by the Committee and subject to Section 11(k), postpone the issuance or delivery of Stock or payment of other benefits under any Award until completion of such registration or qualification of
such Stock or other required action under any federal or state law, rule or regulation, listing or other required action with respect to any stock exchange or automated quotation system upon which the Stock or other securities of the Company are
listed or quoted, or compliance with any other obligation of the Company, as the Committee may consider appropriate, and may require any Participant to make such representations, furnish such information and comply with or be subject to such other
conditions as it may consider appropriate in connection with the issuance or delivery of Stock or payment of other benefits in compliance with applicable laws, rules, and regulations, listing requirements, or other obligations. The foregoing
notwithstanding, in connection with a Change in Control, the Company shall take or cause to be taken no action, and shall undertake or permit to arise no legal or contractual obligation, that results or would result in any postponement of the
issuance or delivery of Stock or payment of benefits under any Award or the imposition of any other conditions on such issuance, delivery or payment, to the extent that such postponement or other condition would represent a greater burden on a
Participant than existed on the 90th day preceding the Change in Control. 
 (b) Limits on Transferability; Beneficiaries.

  

	 	(i)	 No Award or other right or interest of a Participant under the Plan shall be pledged, hypothecated or otherwise encumbered or subject to any lien, obligation or
liability of such Participant to any party (other than the Company or a subsidiary or affiliate thereof), or assigned or transferred by such Participant otherwise than by will or the laws of descent and distribution or to a Beneficiary upon the
death of a Participant, and such Awards or rights that may be exercisable shall be exercised during the lifetime of the Participant only by the Participant or his or her guardian or legal representative, except that, during a Participant’s
lifetime, Awards and other rights (other than ISOs and SARs in tandem therewith) may be transferred to one or more of the following: (A) The Participant’s spouse, children or grandchildren (including any adopted and step children or
grandchildren parents, grandparents or siblings, (B) A trust for the benefit of one or more of the Participant or the persons referred to in clause (A), (C) A partnership, limited liability company or corporation in which the Participant
or the Persons referred to in clause (A) are the only partners, members or shareholders, or (D) For charitable donations; and may be exercised by such transferees in accordance with the terms of such Award, but only if and to the extent
(x) such transfers are permitted by the Committee, 

  

 14 

	 	 
(y) the Committee has determined that there will be no transfer of the Award to a third party for value, and (z) such transfers otherwise comply
with such other terms and conditions as the Committee may impose thereon (which may include limitations the Committee may deem appropriate in order that offers and sales under the Plan will meet applicable requirements of registration forms under
the Securities Act of 1933 specified by the Securities and Exchange Commission). 

  

	 	(ii)	If a Participant has died and then or thereafter a payment or benefit becomes distributable under an Award, such payment or benefit will be distributed to the Participant’s
Beneficiary; provided, however, that a person or trust will be deemed a Beneficiary only if it is surviving on the date of death of the Participant and if the Participant has designated such person or trust as a Beneficiary in his or her most recent
written and duly filed Beneficiary designation (i.e., any new Beneficiary designation under the Plan cancels a previously filed Beneficiary designation). If no Beneficiary is living at the time of Participant’s death, any subsequent payment or
benefit will be distributable to the person or persons in the first of the following classes of successive preference: 

  

	 	(A)	Widow or Widower, if then living 

  

	 	(B)	Surviving children, equally 

  

	 	(C)	Surviving parents, equally 

  

	 	(D)	Surviving brothers and sisters, equally 

  

	 	(E)	Executors or administrators; 

 and the term “Beneficiary” as
used in the Plan shall include such person or persons. This provision applies to payments and benefits distributable upon vesting or after expiration of any mandatory or elective deferral period, and also to the right to exercise any option or SAR
during any period in which the Award is outstanding and exercisable. 
  

	 	(iii)	A Beneficiary, transferee, or other person claiming any rights under the Plan from or through any Participant shall be subject to all terms and conditions of the Plan and any Award
document applicable to such Participant, except as otherwise determined by the Committee, and to any additional terms and conditions deemed necessary or appropriate by the Committee. 

 (c) Adjustments. In the event that any large, special and non-recurring dividend or other distribution (whether in the form of cash or
property other than Stock), recapitalization, forward or reverse split, Stock dividend, reorganization, merger, consolidation, spin-off, combination, repurchase, share exchange, liquidation, dissolution or other similar corporate transaction or
event affects the Stock such that an adjustment is determined by the Committee to be appropriate or, in the case of any outstanding Award, which is necessary in order to prevent dilution or enlargement of the rights of the Participant, then the
Committee shall, in an equitable manner as determined by the Committee, adjust any or all of (i) the number and kind of shares of Stock which may be delivered in connection with Awards granted thereafter, including the number of shares
available under Section 4, (ii) the number and kind of shares of Stock by which annual per-person Award limitations are measured under Section 5, (iii) the number and kind of shares of Stock subject to or deliverable in respect
of outstanding Awards and (iv) the exercise price, grant price or purchase price relating to any Award or, if deemed appropriate, the Committee may make provision for a payment of cash or property to the holder of an outstanding Option (subject
to Section 11(l)). In addition, the Committee is authorized to make adjustments in the terms and conditions of, and the criteria included in, Awards (including Performance Awards and performance goals and any hypothetical funding pool relating
thereto) in recognition of unusual or nonrecurring events (including, 

  

 15 

 
without limitation, events described in the preceding sentence, as well as acquisitions and dispositions of businesses and assets) affecting the Company, any
subsidiary or affiliate or other business unit, or the financial statements of the Company or any subsidiary or affiliate, or in response to changes in applicable laws, regulations, accounting principles, tax rates and regulations or business
conditions or in view of the Committee’s assessment of the business strategy of the Company, any subsidiary or affiliate or business unit thereof, performance of comparable organizations, economic and business conditions, personal performance
of a Participant, and any other circumstances deemed relevant; provided that no such adjustment shall be authorized or made if and to the extent that the existence of such authority (i) would cause Options, SARs, or Performance Awards granted
under the Plan to Participants designated by the Committee as Covered Employees and intended to qualify as “performance-based compensation” under Code Section 162(m) and regulations thereunder to otherwise fail to qualify as
“performance-based compensation” under Code Section 162(m) and regulations thereunder, or (ii) would cause the Committee to be deemed to have authority to change the targets, within the meaning of Treasury Regulation
1.162-27(e)(4)(vi), under the performance goals relating to Options or SARs granted to Covered Employees and intended to qualify as “performance-based compensation” under Code Section 162(m) and regulations thereunder. In furtherance
of the foregoing, in the event of an “equity restructuring” as defined in FAS 123R which affects the Stock, a Participant shall have a legal right to an adjustment to the Participant’s Award which shall preserve without enlarging the
value of the Award, with the manner of such adjustment to be determined by the Committee in its discretion, and subject to any limitation on this right set forth in the applicable Award agreement. 
 (d) Tax Provisions. 
  

	 	(i)	Withholding. The Company and any subsidiary or affiliate is authorized to withhold from any Award granted, any payment relating to an Award under the Plan, including from a
distribution of Stock, or any payroll or other payment to a Participant, amounts of withholding and other taxes due or potentially payable in connection with any transaction involving an Award, and to take such other action as the Committee may deem
advisable to enable the Company and Participants to satisfy obligations for the payment of withholding taxes and other tax obligations relating to any Award. This authority shall include authority to withhold or receive Stock or other property and
to make cash payments in respect thereof in satisfaction of a Participant’s withholding obligations, either on a mandatory or elective basis in the discretion of the Committee, or in satisfaction of other tax obligations. Other provisions of
the Plan notwithstanding, only the minimum amount of Stock deliverable in connection with an Award necessary to satisfy statutory withholding requirements will be withheld, unless withholding of any additional amount of Stock will not result in
additional accounting expense to the Company. 

  

	 	(ii)	Required Consent to and Notification of Code Section 83(b) Election. No election under Section 83(b) of the Code (to include in gross income in the year of transfer the
amounts specified in Code Section 83(b)) or under a similar provision of the laws of a jurisdiction outside the United States may be made unless expressly permitted by the terms of the Award document or by action of the Committee in writing
prior to the making of such election. In any case in which a Participant is permitted to make such an election in connection with an Award, the Participant shall notify the Company of such election within ten days of filing notice of the election
with the Internal Revenue Service or other governmental authority, in addition to any filing and notification required pursuant to regulations issued under Code Section 83(b) or other applicable provision. 

  

	 	(iii)	Requirement of Notification Upon Disqualifying Disposition Under Code Section 421(b). If any Participant shall make any disposition of shares of Stock delivered pursuant to the
exercise of an ISO under the circumstances described in Code Section 421(b) (i.e., a disqualifying disposition), such Participant shall notify the Company of such disposition within ten days thereof. 

  

 16 

 (e) Changes to the Plan. The Board may amend, suspend or terminate the Plan or the
Committee’s authority to grant Awards under the Plan without the consent of stockholders or Participants; provided, however, that any amendment to the Plan shall be submitted to the Company’s stockholders for approval not later than the
earliest annual meeting for which the record date is at or after the date of such Board action if such stockholder approval is required by any federal or state law or regulation or the rules of the New York Stock Exchange, or if such amendment would
materially increase the number of shares reserved for issuance and delivery under the Plan, and the Board may otherwise, in its discretion, determine to submit other amendments to the Plan to stockholders for approval. The Committee is authorized to
amend outstanding awards, except as limited by the Plan. The Board and Committee may not amend outstanding Awards (including by means of an amendment to the Plan) without the consent of an affected Participant if such an amendment would materially
and adversely affect the rights of such Participant with respect to the outstanding Award (for this purpose, actions that alter the timing of federal income taxation of a Participant will not be deemed material unless such action results in an
income tax penalty on the Participant, and any discretion that is reserved by the Board or Committee with respect to an Award is unaffected by this provision). Without the approval of stockholders, the Committee will not amend or replace previously
granted Options or SARs in a transaction that constitutes a “repricing,” which for this purpose means any of the following or any other action that has the same effect: 
  

	 	•	 	 Lowering the exercise price of an option or SAR after it is granted; 

  

	 	•	 	 Any other action that is treated as a repricing under generally accepted accounting principles; 

  

	 	•	 	 Canceling an option or SAR at a time when its exercise price exceeds the fair market value of the underlying Stock, in exchange for another option or SAR,
restricted stock, other equity, cash or other property; 

 provided, however, that the foregoing transactions shall not be deemed a
repricing if pursuant to an adjustment authorized under Section 11(c). With regard to other terms of Awards, the authority of the Committee to waive or modify an Award term after the Award has been granted does not permit waiver or modification
of a term that would be mandatory under the Plan for any Award newly granted at the date of the waiver or modification. 
 (f) Right of
Setoff. The Company or any subsidiary or affiliate may, to the extent permitted by applicable law, deduct from and set off against any amounts the Company or a subsidiary or affiliate may owe to the Participant from time to time, including
amounts payable in connection with any Award, owed as wages, fringe benefits, or other compensation owed to the Participant, such amounts as may be owed by the Participant to the Company, including but not limited to amounts owed under
Section 10, although the Participant shall remain liable for any part of the Participant’s payment obligation not satisfied through such deduction and setoff. By accepting any Award granted hereunder, the Participant agrees to any
deduction or setoff under this Section 11(f). The foregoing notwithstanding, no setoff is permitted against a 409A Award except at the time of distribution of such 409A Award. 
 (g) Unfunded Status of Awards; Creation of Trusts. The Plan is intended to constitute an “unfunded” plan for incentive and
deferred compensation. With respect to any payments not yet made to a Participant or obligation to deliver Stock pursuant to an Award, nothing contained in the Plan or any Award shall give any such Participant any rights that are greater than those
of a general creditor of the Company; provided that the Committee may authorize the creation of trusts and deposit therein cash, Stock, other Awards or other property, or make other arrangements to meet the Company’s obligations under the Plan.
Such trusts or other arrangements shall be consistent with the “unfunded” status of the Plan unless the Committee otherwise determines with the consent of each affected Participant. 
 (h) Nonexclusivity of the Plan. Neither the adoption of the Plan by the Board nor its submission to the stockholders of the Company for
approval shall be construed as creating any limitations on the power of the Board or a committee thereof to adopt such other incentive arrangements, apart from the Plan, as it may deem desirable, including incentive arrangements and awards which do
not qualify under Code Section 162(m), and such other arrangements may be either applicable generally or only in specific cases. 
  

 17 

 (i) Payments in the Event of Forfeitures; Fractional Shares. Unless otherwise determined by
the Committee, in the event of a forfeiture of an Award with respect to which a Participant paid cash consideration, the Participant shall be repaid the amount of such cash consideration. No fractional shares of Stock shall be issued or delivered
pursuant to the Plan or any Award. The Committee shall determine whether cash, other Awards or other property shall be issued or paid in lieu of such fractional shares or whether such fractional shares or any rights thereto shall be forfeited or
otherwise eliminated. 
 (j) Compliance with Code Section 162(m). It is the intent of the Company that Options and SARs
granted to Covered Employees and other Awards designated as Awards to Covered Employees subject to Section 7 shall constitute qualified “performance-based compensation” within the meaning of Code Section 162(m) and regulations
thereunder, unless otherwise determined by the Committee at the time of allocation of an Award. Accordingly, the terms of Sections 7(b) and (c), including the definitions of Covered Employee and other terms used therein, shall be interpreted in a
manner consistent with Code Section 162(m) and regulations thereunder. The foregoing notwithstanding, because the Committee cannot determine with certainty whether a given Participant will be a Covered Employee with respect to a fiscal year
that has not yet been completed, the term Covered Employee as used herein shall mean only a person designated by the Committee as likely to be a Covered Employee with respect to a specified fiscal year. If any provision of the Plan or any Award
document relating to a Performance Award that is designated as intended to comply with Code Section 162(m) does not comply or is inconsistent with the requirements of Code Section 162(m) or regulations thereunder, such provision shall be
construed or deemed amended to the extent necessary to conform to such requirements, and no provision shall be deemed to confer upon the Committee or any other person discretion to increase the amount of compensation otherwise payable in connection
with any such Award upon attainment of the applicable performance objectives. 
 (k) Certain Limitations on Awards to Ensure Compliance
with Section 409A. 
  

	 	(i)	409A Awards and Deferrals. Other provisions of the Plan notwithstanding, the terms of any 409A Award (which for this purpose means only such an Award held by an employee
subject to United States federal income tax), including any authority of the Company and rights of the Participant with respect to the 409A Award, shall be limited to those terms permitted under Section 409A, and any terms not permitted under
Section 409A shall be automatically modified and limited to the extent necessary to conform with Section 409A but only to the extent that such modification or limitation is permitted under Section 409A and the regulations and guidance
issued thereunder. The following rules will apply to 409A Awards: 

  

	 	(A)	Elections. If a Participant is permitted to elect to defer an Award or any payment under an Award, such election will be permitted only at times in compliance with Section 409A
(including transition rules thereunder). In 2009 and thereafter, such election shall be made in accordance with Exhibit A hereto; 

  

	 	(B)	Changes in Distribution Terms. The Committee may, in its discretion, require or permit on an elective basis a change in the distribution terms applicable to 409A Awards (and
Non-409A Awards that qualify for the short-term deferral exemption under Section 409A) in accordance with, and to the fullest extent permitted by, applicable guidance of the Internal Revenue Service (including Proposed Treasury Regulation
§ 1.409A, Preamble § XI.C and IRS Notice 2005-1), and otherwise in accordance with Section 409A and regulations thereunder. The Senior Vice President-Human Resources of the Company is authorized to modify any such outstanding Awards
to permit election of different deferral periods provided that any such modifications may not otherwise increase the benefits to Participants or the costs of such Awards to the Company. Other provisions of this Plan notwithstanding, changes to
distribution timing resulting from amendments to this Plan in 2008 shall not have the affect of accelerating distributions into 2008 or causing distributions that otherwise would have occurred in 2008 to be deferred until a year after 2008;

  

 18 

	 	(C)	Exercise and Distribution. Except as provided in Section 11(k)(i)(D) hereof, no 409A Award shall be exercisable (if the exercise would result in a distribution) or otherwise
distributable to a Participant (or his or her beneficiary) except upon the occurrence of one of the following (or a date related to the occurrence of one of the following), which must be specified in a written document governing such 409A Award and
otherwise meet the requirements of Treasury Regulation § 1.409A-3: 

  

	 	(1)	Specified Time. A specified time or a fixed schedule; 

  

	 	(2)	Separation from Service. The Participant’s separation from service (within the meaning of Treasury Regulation § 1.409A-1(h) and other applicable rules under Code
Section 409A); provided, however, that if the Participant is a “key employee” (as defined in Code Section 416(i) without regard to paragraph (5) thereof) and any of the Company’s Stock is publicly traded on an
established securities market or otherwise, settlement under this Section 11(k)(i)(C)(2) shall instead occur at the expiration of the six-month period under Section 409A(a)(2)(B)(i) (no acceleration of settlement during such delay period
may occur, except upon death of the Participant). In the case of installments, this delay shall not affect the timing of any installment otherwise payable after the six-month delay period. With respect to any 409A Award, a reference in any agreement
or other governing document to a “termination of employment” which triggers a distribution shall be deemed to mean a “separation from service” within the meaning of Treasury Regulation § 1.409A-1(h). References in Award
agreements outstanding before June 10, 2008 to Section 11(k)(i)(D) and (E) shall be deemed to refer to this Section 11(a)(i)(C)(2) and Section 11(a)(i)(G); 

  

	 	 (3)
	 Death. The death of the Participant. Unless a specific time otherwise is stated for payment of a 409A Award upon death,
such payment shall occur in the calendar year in which falls the 30th day after death; 

  

	 	(4)	Disability. The date the Participant has experienced a 409A Disability (as defined below); and 

  

	 	(5)	409A Ownership/Control Change. The occurrence of a 409A Ownership/Control Change (as defined below). 

  

	 	(D)	No Acceleration. The exercise or distribution of a 409A Award may not be accelerated prior to the time specified in accordance with Section 11(k)(i)(C) hereof, except in the
case of one of the following events: 

  

	 	(1)	 Unforeseeable Emergency. The occurrence of an Unforeseeable Emergency, as defined below, but only if the net amount payable upon such settlement does not exceed the
amounts necessary to relieve such emergency plus amounts necessary to pay taxes reasonably anticipated as a result of the settlement, after taking into account the extent to which the emergency is or may be relieved through reimbursement or
compensation from insurance or otherwise or by liquidation of the 

  

 19 

	 	 
Participant’s other assets (to the extent such liquidation would not itself cause severe financial hardship), or by cessation of deferrals under the
Plan. Upon a finding that an Unforeseeable Emergency has occurred with respect to a Participant, any election of the Participant to defer compensation that will be earned in whole or part by services in the year in which the emergency occurred or is
found to continue will be immediately cancelled. 

  

	 	(2)	Domestic Relations Order. The 409A Award may permit the acceleration of the exercise or distribution time or schedule to an individual other than the Participant as may be necessary
to comply with the terms of a domestic relations order (as defined in Section 414(p)(1)(B) of the Code). 

  

	 	(3)	Conflicts of Interest. Such 409A Award may permit the acceleration of the settlement time or schedule as may be necessary to comply with an ethics agreement with the Federal
government or to comply with a Federal, state, local or foreign ethics law or conflict of interest law in compliance with Treasury Regulation § 1.409A-3(j)(4)(iii). 

  

	 	(4)	Change. The Committee may exercise the discretionary right to accelerate the vesting of any unvested compensation deemed to be a 409A Award upon a 409A Ownership/Control Change or
to terminate the Plan upon or within 12 months after a 409A Ownership/Control Change, or otherwise to the extent permitted under Treasury Regulation § 1.409A-3(j)(4)(ix), or accelerate settlement of such 409A Award in any other
circumstance permitted under Treasury Regulation § 1.409A-3(j)(4). 

  

	 	(E)	Definitions. For purposes of this Section 11(k), the following terms shall be defined as set forth below: 

  

	 	(1)	“409A Ownership/Control Change” shall be deemed to have occurred if, in connection with any event otherwise defined as a change in control under any applicable Company
document, there occurs a change in the ownership of the Company, a change in effective control of the Company, or a change in the ownership of a substantial portion of the assets of the Company, as defined in Treasury Regulation
§ 1.409A-3(i)(5). 

  

	 	(2)	“409A Disability” means an event which results in the Participant being (i) unable to engage in any substantial gainful activity by reason of any medically
determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, or (ii), by reason of any medically determinable physical or mental impairment that can
be expected to result in death or can be expected to last for a continuous period of not less than 12 months, receiving income replacement benefits for a period of not less than three months under an accident and health plan covering employees of
the Company or its subsidiaries. 

  

	 	(3)	 “Unforeseeable Emergency” means a severe financial hardship to the Participant resulting from an illness or accident of the Participant, the
Participant’s spouse, or a dependent (as defined in Code Section 152, 

  

 20 

	 	 
without regard to Code Sections 152(b)(1), (b)(2), and (d)(1)(B)) of the Participant, loss of the Participant’s property due to casualty, or similar
extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Participant, and otherwise meeting the definition set forth in Treasury Regulation § 1.409A-3(i)(3). 

  

	 	(F)	Time of Distribution. In the case of any distribution of a 409A Award, if the timing of such distribution is not otherwise specified in the Plan or an Award agreement or other
governing document, the distribution shall be made within 60 days after the date at which the settlement of the Award is specified to occur, subject to the following special rules: 

  

	 	(1)	The Participant shall have no influence (other than permitted deferral elections) on any determination as to the tax year in which the distribution will be made during any period in
which a distribution may be made (whether or not under the default rule of this Section 11(k)(i)(F)); 

  

	 	(2)	In the event of a Qualifying Termination more than two years after a Change in Control, in the case of a 409A Award if, upon a termination other than in connection with a Change in
Control, the applicable terms of the Award would have provided for a distribution at a different time(s) than the time(s) of distribution specified for the Qualifying Termination, the applicable terms of the Award shall take precedence so that the
distribution shall occur at the time(s) specified for a pre-Change in Control separation from service (but any acceleration of the lapse of risk of forfeiture resulting from the Qualifying Termination shall still apply); 

  

	 	(3)	In the event that a Participant incurs a Disability, the terms of an Award provide that termination of employment triggering a distribution will not occur until the end of a
specified Disability period, but the Participant’s circumstances constitute a “separation from service” under Treasury Regulation § 1.409A-1(h), then the Participant will be deemed to have had a “separation from
service” at the relevant time rather than at the end of the Disability, but the Participant’s rights and benefits will be determined in a manner that does not impair the value of such rights and benefits if the separation from service were
deemed to occur at the end of the specified Disability period. 

  

	 	(G)	Determination of “Key Employee.” For purposes of distributions under Section 11(k)(i)(C)(2), status of a Participant as a “key employee” shall be determined
annually under the Company’s administrative procedure for such determination for purposes of all plans subject to Section 409A. 

  

	 	(H)	Non-Transferability. The provisions of Section 11(b) notwithstanding, no 409A Award or right relating thereto shall be subject to anticipation, alienation, sale, transfer,
assignment, pledge, encumbrance, attachment, or garnishment by creditors of the Participant or the Participant’s Beneficiary. 

  

	 	(I)	409A Rules Do Not Constitute Waiver of Other Restrictions. The rules applicable to 409A Awards under this Section 11(k)(i) constitute further restrictions on terms of Awards
set forth elsewhere in this Plan. Thus, for example, a 409A Option/SAR shall be subject to restrictions, including restrictions on rights otherwise specified in Section 6(b) or 6(c), in order that such Award shall not result in constructive
receipt of income before exercise or tax penalties under Section 409A. 

  

 21 

	 	(ii)	Rules Applicable to Certain Participants Transferred to Affiliates. For purposes of determining eligibility for grants of Non-409A Options/SARs or a separation from service
by any Participant (where the use of the following modified definition is based upon legitimate business criteria), in applying Code Sections 1563(a)(1), (2) and (3) for purposes of determining a controlled group of corporations under Code
Section 414(b), the language “at least 20 percent” shall be used instead of “at least 80 percent” at each place it appears in Sections 1563(a)(1), (2) and (3), and in applying Treasury Regulation § 1.414(c)-2 (or
any successor provision) for purposes of determining trades or businesses (whether or not incorporated) that are under common control for purposes of Section 414(c), the language “at least 20 percent” shall be used instead of “at
least 80 percent” at each place it appears in Treasury Regulation §1.414(c)-2. 

  

	 	(iii)	Distributions Upon Vesting. In the case of any Award providing for a distribution upon the lapse of a risk of forfeiture, if the timing of such distribution is not otherwise
specified in the Plan or an Award agreement or other governing document, the distribution shall be made not later than March 15 of the year following the year in which the risk of forfeiture lapsed, and if a determination is to be made promptly
following the end of a performance year (as in the case of performance shares) then the determination of the level of achievement of performance and the distribution shall be made between January 1 and March 15 of the year following such
performance year. In all cases, the Participant shall have no influence (aside from any permitted deferral election) on any determination as to the tax year in which the distribution will be made. 

  

	 	(iv)	Limitation on Adjustments. Any adjustment under Section 11(c) shall be implemented in a way that complies with applicable requirements under Section 409A so that
Non- 409A Option/SARs do not, due to the adjustment, become 409A Awards, and otherwise so that no adverse consequences under Section 409A result to Participants. 

  

	 	(v)	Release or Other Termination Agreement. If the Company requires a Participant to execute a release, non-competition, or other agreement as a condition to receipt of a payment
upon or following a termination of employment, the Company will supply to the Participant a form of such release or other document not later than the date of the Participant’s termination of employment, which must be returned within the time
period required by law and must not be revoked by the Participant within the applicable time period in order for Participant to satisfy any such condition. If any amount payable during a fixed period following termination of employment is subject to
such a requirement and the fixed period would begin in one year and end in the next, the Company, in determining the time of payment of any such amount, will not be influenced by the timing of any action of the Participant including execution of
such a release or other document and expiration of any revocation period. In particular, the Company will be entitled in its discretion to deposit any such payment in escrow during either year comprising such fixed period, so that such deposited
amount is constructively received and taxable income to the Participant upon deposit but with distribution from such escrow remaining subject to the Participant’s execution and non-revocation of such release or other document.

  

	 	(vi)	 Special Disability Provision. In case of a Disability of a Participant, (i) for any Award or portion thereof that constitutes a short-term deferral for
purposes of Section 409A, the Company shall determine whether the Participant’s circumstances are such that the Participant will not return to service, in which case such Disability will be treated as a termination of employment for
purposes of determining the time of payment of such award or portion thereof then subject only to service-based vesting, and (ii) for any Award or portion thereof that constitutes a 409A Award, the Company shall determine 

  

 22 

	 	 
whether there has occurred a “separation from service” as defined under Treasury Regulation § 1.409A-1(h) based on Participant’s
circumstances, in which case such Disability will be treated as a separation from service for purposes of determining the time of payment of such award or portion thereof then subject only to service-based vesting. In each case, the Participant
shall be accorded the benefit of vesting that would result in the case of Disability in the absence of this provision, so that the operation of this provision, intended to comply with Section 409A, will not disadvantage the Participant. The
Company’s determination hereunder will be made initially within 30 days after the Disability and each March and December thereafter. 

  

	 	(vii)	Scope and Application of this Provision. For purposes of this Section 11(k), references to a term or event (including any authority or right of the Company or a
Participant) being “permitted” under Section 409A mean that the term or event will not cause the Participant to be deemed to be in constructive receipt of compensation relating to the 409A Award prior to the distribution of cash,
shares or other property or to be liable for payment of interest or a tax penalty under Section 409A. 

 (l)
Governing Law. The validity, construction, and effect of the Plan, any rules and regulations relating to the Plan and any Award document shall be determined in accordance with the laws of the State of Delaware, without giving effect to
principles of conflicts of laws, and applicable provisions of federal law. 
 (m) Awards to Participants Outside the United
States. Other provisions of the Plan to the contrary notwithstanding, in order to foster and promote achievement of the purposes of the Plan or to comply with provisions of laws and customary business practices in other countries in which
the Company and its subsidiaries and affiliates operate or have employees, the Committee shall have the power and authority to (i) determine which Participants employed outside the United States or subject to non-United States tax laws are
eligible to participate in the Plan, (ii) modify the terms and conditions of Awards granted to or held by such Participants, (iii) establish subplans, modify exercise procedures and other terms and procedures relating to Awards granted or
held by such Participants to the extent such actions may be necessary or advisable, and (iv) take such other actions as the Committee may deem necessary or appropriate so that the value and other benefits of an Award to such a Participant, as
affected by foreign tax laws and other applicable restrictions, shall be comparable to the value of such an Award to a Participant who is resident or employed in the United States. An Award may be modified under this Section 11(m) in a manner
that is inconsistent with the express terms of the Plan, so long as such modifications will not contravene any applicable law or regulation or result in actual liability under Section 16(b) for the Participant whose Award is modified.

 (n) Limitation on Rights Conferred under Plan. Neither the Plan nor any action taken hereunder shall be construed as
(i) giving any Eligible Person or Participant the right to continue as an Eligible Person or Participant or in the employ or service of the Company or a subsidiary or affiliate, (ii) interfering in any way with the right of the Company or
a subsidiary or affiliate to terminate any Eligible Person’s or Participant’s employment or service at any time (subject to the terms and provisions of any separate written agreements), (iii) giving an Eligible Person or Participant
any claim to be granted any Award under the Plan or to be treated uniformly with other Participants and employees, or (iv) conferring on a Participant any of the rights of a stockholder of the Company unless and until the Participant is duly
issued or transferred shares of Stock in accordance with the terms of an Award or an Option or SAR is duly exercised. Except as expressly provided in the Plan and an Award document, neither the Plan nor any Award document shall confer on any person
other than the Company and the Participant any rights or remedies thereunder. Any Award shall not be deemed compensation for purposes of computing benefits under any retirement plan of the Company or any subsidiary or affiliate and shall not affect
any benefits under any other benefit plan under which the availability or amount of benefits is related to the level of compensation (unless required by any such other plan or arrangement with specific reference to Awards under this Plan).

  

 23 

 (o) Severability; Entire Agreement. If any of the provisions of this Plan or any Award
document is finally held to be invalid, illegal or unenforceable (whether in whole or in part), such provision shall be deemed modified to the extent, but only to the extent, of such invalidity, illegality or unenforceability, and the remaining
provisions shall not be affected thereby; provided, that, if any of such provisions is finally held to be invalid, illegal, or unenforceable because it exceeds the maximum scope determined to be acceptable to permit such provision to be enforceable,
such provision shall be deemed to be modified to the minimum extent necessary to modify such scope in order to make such provision enforceable hereunder. The Plan and any Award documents contain the entire agreement of the parties with respect to
the subject matter thereof and supersede all prior agreements, promises, covenants, arrangements, communications, representations and warranties between them, whether written or oral with respect to the subject matter thereof. No rule of strict
construction shall be applied against the Company, the Committee, or any other person in the interpretation of any terms of the Plan, Award, or agreement or other document relating thereto. 
 (p) Plan Effective Date and Termination. The Plan will become effective if, and at such time as, the stockholders of the Company have
approved it by the affirmative votes of the holders of a majority of the voting securities of the Company present, or represented, and entitled to vote on the subject matter at a duly held meeting of stockholders, provided that the total vote cast
on the proposal represents over fifty percent (50%) in interest of all securities entitled to vote on the proposal. The date of such stockholder approval will be the Effective Date. Upon such approval of the Plan by the stockholders of the
Company, no further awards will be granted under the 2002 Stock Incentive Plan, but any outstanding awards under that plan will continue in accordance with their terms. Unless earlier terminated by action of the Board of Directors, the authority of
the Committee to make grants under the Plan will terminate on the date that is ten years after the latest date upon which stockholders of the Company have approved the Plan (except that, for Awards under Section 7(b), such authority will
terminate earlier at the date five years after the latest stockholder approval of the business criteria for such Awards under Section 7(b)(ii)), and the Plan will remain in effect until such time as the Company has no further rights or
obligations with respect to outstanding Awards or otherwise under the Plan. 
  

 24 

 Exhibit A 
 Deferral Election Rules 
 If a participant in a plan, program or other compensatory arrangement (a
“plan”) of Bristol-Myers Squibb Company (the “Company”) is permitted to elect to defer awards or other compensation, any such election relating to compensation deferred under the applicable plan must be received by the Company
prior to the date specified by or at the direction of the administrator of such plan (the “Administrator,” which in most instances will be Human Resources). For purposes of compliance with Section 409A of the Internal Revenue Code
(the “Code”), any such election to defer shall be subject to the rules set forth below, subject to any additional restrictions as may be specified by the Administrator. Under no circumstances may a participant elect to defer compensation
to which he or she has attained, at the time of deferral, a legally enforceable right to current receipt of such compensation. 
  

	 	(1)	Initial Deferral Elections. Any initial election to defer compensation (including the election as to the type and amount of compensation to be deferred and the time and
manner of settlement of the deferral) must be made (and shall be irrevocable) no later than December 31 of the year before the participant’s services are performed which will result in the earning of the compensation, except as follows:

  

	 	•	 	 Initial deferral elections with respect to compensation that, absent the election, constitutes a short-term deferral may be made in accordance with Treasury
Regulation § 1.409A-2(a)(4) and (b); 

  

	 	 •
	 	 Initial deferral elections with respect to compensation that remains subject to a requirement that the participant
provide services for at least 12 months (a “forfeitable right” under Treasury Regulation § 1.409A-2(a)(5)) may be made on or before the 30th day after the participant obtains the legally binding right to the compensation, provided that the election is made at least 12 months before the earliest date at which the forfeiture condition could lapse and
otherwise in compliance with Treasury Regulation § 1.409A-2(a)(5); 

  

	 	•	 	 Initial deferral elections by a participant in his or her first year of eligibility may be made within 30 days after the date the participant becomes eligible to
participate in the applicable plan, with respect to compensation paid for services to be performed after the election and in compliance with Treasury Regulation § 1.409A-2(a)((7); 

  

	 	•	 	 Initial deferral elections by a participant with respect to performance-based compensation (as defined under Treasury Regulation § 1.409A-1(e)) may be
made on or before the date that is six months before the end of the performance period, provided that (i) the participant was employed continuously from either the beginning of the performance period or the later date on which the performance
goal was established, (ii) the election to defer is made before such compensation has become readily ascertainable (i.e., substantially certain to be paid), (iii) the performance period is at least 12 months in length and the performance
goal was established no later than 90 days after the commencement of the service period to which the performance goal relates, (iv) the performance-based compensation is not payable in the absence of performance except due to death, disability,
a 409A Ownership/Control Change (as defined in Section 11(k) of the 2007 Stock Award and Incentive Plan) or as otherwise permitted under Treasury Regulation § 1.409A-1(e), and (v) this initial deferral election must in any event
comply with Treasury Regulation § 1.409A-2(a)(8); 

  

	 	•	 	 Initial deferral elections resulting in Company matching contributions may be made in compliance with Treasury Regulation § 1.409A-2(a)(9);

  

	 	•	 	 Initial deferral elections may be made to the fullest permitted under other applicable provisions of Treasury Regulation § 1.409A-2(a); and

  

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	 	(2)	Further Deferral Elections. The foregoing notwithstanding, for any election to further defer an amount that is deemed to be a deferral of compensation subject to Code
Section 409A (to the extent permitted under Company plans, programs and arrangements), any further deferral election made under the plan shall be subject to the following, provided that deferral elections in 2007 and 2008 may be made under
applicable transition rules under Section 409A: 

  

	 	•	 	 The further deferral election will not take effect until at least 12 months after the date on which the election is made; 

  

	 	•	 	 If the election relates to a distribution event other than a Disability (as defined in Treasury Regulation § 1.409A-3(i)(4)), death, or Unforeseeable
Emergency (as defined in Treasury Regulation § 1.409A-3(i)(3)), the payment with respect to which such election is made must be deferred for a period of not less than five years from the date such payment would otherwise have been paid (or
in the case of a life annuity or installment payments treated as a single payment, five years from the date the first amount was scheduled to be paid), to the extent required under Treasury Regulation § 1.409A-2(b);

  

	 	•	 	 The requirement that the further deferral election be made at least 12 months before the original deferral amount would be first payable may not be waived by the
Administrator, and shall apply to a payment at a specified time or pursuant to a fixed schedule (and in the case of a life annuity or installment payments treated as a single payment, 12 months before the date that the first amount was scheduled to
be paid); 

  

	 	•	 	 The further deferral election shall be irrevocable when filed with the Company; and 

  

	 	•	 	 The further deferral election otherwise shall comply with the applicable requirements of Treasury Regulation § 1.409A-2(b). 

 

	 	(3)	Transition Rules. Initial deferral elections and elections to change any existing deferred date for distribution of compensation in any transition period designated under Department
of the Treasury and IRS regulations may be permitted by the Company to the fullest extent authorized under transition rules and other applicable guidance under Section 409A (including transition rules in effect in the period 2005 – 2008).

  

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