Document:

Exhibit 10(r)(r)

HEWLETT-PACKARD COMPANY FOREIGN EMPLOYEES STOCK
APPRECIATION RIGHTS PLAN

(Amended & Restated November 21, 2002)

The following
constitute the provisions of the Hewlett-Packard Company (“HP” or “Company”)
Foreign Employees Stock Appreciation Rights Plan (the “Plan”):

1.               DEFINITIONS: In this plan,

(a)          “Employee Stock Option Plan” means any of the Company’s incentive stock option plans pursuant to
which participating employees are offered and purchase shares of HP Common
Stock, which have been registered under the Securities Act of 1933.

(b)         “Foreign Subsidiary” means any corporation which is organized and exists under the laws of a
country other than the United States of America and 1) whose accounts are
consolidated with the accounts of the Company for reporting purposes; or 2)
which is an affiliate of HP and designated by the Committee as a “foreign
subsidiary” for purposes of this Plan.

(c)          “Foreign national employee” means an employee of a foreign subsidiary who is a national of a
country other than the United States of America.

(d)         “Unfavorable foreign law” means any law or governmental regulation of a country other than the
United States of America which has the effect of prohibiting, restricting or
inhibiting the acquisition or ownership of HP stock by a foreign national
employee, or requires the payment of currency premiums with respect to the
purchase of HP stock with funds supplied by a foreign national employee and his
employer.

(e)          “Eligible foreign subsidiary” means a foreign subsidiary any of whose foreign national employees is
subject to unfavorable foreign laws.

(f)            “Employee” means a foreign national employee of an eligible foreign subsidiary.

(g)         “Employer” means an eligible foreign subsidiary as to its employees.

(h)         “Stock appreciation right” means a right granted pursuant to Section 5 of the Plan.

(i)             “Committee” means the Human Resources and Compensation Committee of the Company.

(j)             “Common shares” means Common Shares, US $0.01 par value, of the Company.

(k)          “Fair market value” of Common Shares on any relevant date shall, for purposes of the Plan,
be the mean of the highest and lowest quoted selling prices for the Common
Shares as reported for New York Stock Exchange on the date on which
determination of such fair market value is to be made, or if no Common Shares
are traded on that date, then the reported closing price on the next preceding
day on which trading was reported.

(l)             “Discounted value” means the value fixed by the Committee with respect to any stock
appreciation right, which value shall be used in place of fair market value and
which may represent a discount of up to 25% off of fair market value on the
date the stock appreciation right is granted.

(m)       “Spread”
means the excess of the fair market value (or discounted value, if applicable)
of a Common Share on the date when a stock appreciation right granted pursuant
to the Plan is exercised over the fair market value of a Common Share on the
date when the stock appreciation right was granted under the Plan.

2.               PURPOSE.

The purpose of the Plan is to provide a means whereby foreign national
employees who are subject to unfavorable foreign laws may realize the benefits
intended to have been provided by granting of stock options under the Company’s
Employee Stock Option Plans. The Plan is designed to foster continued cordial
employee relations.

3.               PARTICIPATION
IN THE PLAN.

Foreign national employees, excluding officers and directors of the Company,
who are employed by an eligible foreign subsidiary, shall be eligible to participate
in the Plan.

4.               ADMINISTRATION.

The Committee shall supervise and administer the Plan. All questions of
interpretation of the Plan or of any stock appreciation right issued under it
shall be determined by the Committee and such determination shall be final and
binding upon all persons.

The
Committee shall have the authority, in its discretion to:  1) select the Employees to whom stock
appreciation rights may be granted, 2) approve forms of agreement for use under
the Plan, 3) determine the terms and conditions, not inconsistent with the
terms of the Plan, 4) adopt rules and procedures relating to the operation
and administration of the Plan to accommodate the specific requirements of
local laws and procedures, 5) prescribe, amend and rescind rules and
regulations relating to the Plan, 6) authorize any person to execute on behalf
of the Company any instrument required to effect the grant of a stock
appreciation right previously granted by the Committee, and 7) make all other
determinations deemed necessary or advisable for administering the Plan and any
stock appreciation right granted hereunder.

Except
to the extent prohibited by applicable law or applicable rules of a stock
exchange, the Board or any of its committees as shall be administering the Plan
may delegate to one or more individuals the day-to-day administration of the
Plan and any of the functions assigned to it in this Plan. The delegation may
be revoked at any time.

5.               DEFINITION
AND VALUATION OF STOCK APPRECIATION RIGHTS.

Stock appreciation rights shall entitle the employee to receive from the
Company upon exercise of the stock appreciation rights or portion thereof, an
amount equal to 100% of the spread (as defined in Section 1 above) at the time
of the exercise of the stock appreciation rights, multiplied by the number of
stock appreciation 

 

 

rights
exercised.  Such amount may be paid by
the Company in U.S. dollars or foreign currency equivalent.

6.               TERMS,
CONDITIONS AND FORMS OF STOCK APPRECIATION RIGHTS.

Each stock appreciation right granted under this Plan shall be authorized by
the action of a) the Committee; or b) the Executive Committee of the HP Board
of Directors, and shall be evidenced by a written agreement in such form as the
Committee shall from time to time approve, which agreement shall comply with
and be subject to the following terms and conditions:

(a)          Stock Appreciation Rights are
Non-Transferable. Each stock
appreciation right granted under the Plan by its terms shall not be
transferable by the holder otherwise than by will or by laws of descent and
distribution, and shall be exercised during the lifetime of the Employees only
by him. No stock appreciation right or interest therein may be transferred,
assigned, pledged or hypothecated by the holder during its lifetime, whether by
operation of law or otherwise, or be made subject to execution, attachment or
similar process.

(b)         Terms of Stock Appreciation Right. Unless a different vesting schedule is specified by the Committee at
the time a stock appreciation right is granted, no stock appreciation right may
be exercised before the first anniversary of the date upon which it was
granted, nor may it be exercised as to more than one-fourth the number of
rights covered herein before the second anniversary of the date of grant, nor
may it be exercised as to more than one-half the number of rights covered
herein before the third anniversary of the date of grant, nor may it be
exercised as to more than three-fourths the number of rights covered herein
before the fourth anniversary of the date of grant. Stock appreciation rights
will expire ten (10) years from the grant date unless sooner terminated or
cancelled in accordance with the provisions of the Plan. In the event of the
Employee’s death, all unexpired stock appreciation rights shall become
immediately exercisable in full by the Employee’s beneficiary designated in
accordance with Section 6 (d).

(c)          Exercise of Stock Appreciation Rights. The holder of  a stock
appreciation right may exercise the same by (1) filing with the Secretary of
the Company a written election specifying the stock appreciation rights or
portion thereof to be exercised and (2) surrendering such stock appreciation
rights for cancellation or partial cancellation, as the case may be. The stock
appreciation right shall be deemed to have been exercised on the date on which
the holder completed all acts required of him by this paragraph to exercise the
stock appreciation right.

(d)         Termination of Stock Appreciation Rights. All rights of an employee in a stock appreciation right, to the extent
that it has not been exercised, shall terminate upon the death of the Employee
(except as herein after provided), or the termination of his employment for any
reason other than retirement because of age or total and permanent disability,
and in case of such retirement three (3) years from the date thereof or upon
expiration of the stock appreciation right, whichever shall first occur;
provided, however, that the employee by written notice to the Company, may
designate one or more persons (and from time to time change such designation),
including his legal representative, who, by reason of his death, shall acquire
the right to exercise all or a portion of his stock appreciation rights. In the
event that the Employee does not designate a beneficiary, the stock
appreciation rights may be exercised in accordance with his will or, in the
absence of a will, in accordance with applicable law governing intestate
succession. The person or persons so designated or so empowered must exercise
any portion of the stock appreciation rights, within one (1) year after the
death of employee, and such exercise shall be subject to the provisions of this
Plan.

(e)          Conversion of Existing Option; Grant Date. The Committee may authorize the conversion of existing stock options
held by an Employee into stock appreciation rights. Any such grant of stock
appreciation rights shall be subject to the surrender for cancellation of said
stock options. Stock appreciation rights granted in substitution for existing
stock options shall be deemed to have the same grant date, term, and vesting as
the cancelled stock option.

(f)            Conversion of Existing Stock Appreciation
Rights; Grant Date. The Committee may
authorize the conversion of existing stock appreciation rights held by an
Employee into stock options. Any such substitution of stock options for stock
appreciation rights shall be subject to the surrender for cancellation of such
stock appreciation rights. Stock options substituted for existing stock
appreciation rights shall be deemed to have the same grant date, term, and
vesting as the cancelled stock appreciation rights.  Such stock options will be governed by the respective Employee
Stock Option Plan.

(g)         Buyout Provisions. At any time, the Committee may, but shall not be required to, authorize
the Company to offer to buy out for a payment in cash or Common Shares a stock
appreciation right previously granted based on such terms and conditions as the
Committee shall establish and communicate to the holder of such stock
appreciation rights in connection with such offer.

7.               LIMITATION
OF RIGHTS.

Nothing in the Plan shall be construed to give any eligible employee any right
to be granted a stock appreciation right. Neither the Plan nor the granting of
a stock appreciation right nor any other action taken pursuant to the Plan
shall constitute or be evidence of any agreement or understanding, express or
implied, that the Company or any foreign subsidiary will employ the holder of a
stock appreciation right for any period of time or in any position or at any
particular rate of compensation. The holder of stock appreciation right shall
have no rights as a stockholder with respect to his stock appreciation right.

8.               CHANGES
IN PRESENT COMMON SHARES.

In the event of any merger, consolidation, reorganization, recapitalization,
stock dividend, stock splits or other change in the corporate structure or
capitalization affecting the Company’s present Common Shares, appropriate
adjustment shall be made by the Board of Directors of the Company in the number
of stock appreciation rights granted hereunder and their valuation.

 

 

In the event there is a change of control of the Company,
as determined by the Board of Directors of the Company, the Board of Directors
of the Company may, in its discretion, 1) provide for the assumption or
substitution of, or adjustment to, each outstanding stock appreciation right;
2) accelerate the vesting of such stock appreciation right; and
3) provide for the cancellation of stock appreciation rights for a cash
payment.

9.               AMENDMENT,
SUSPENSION OR TERMINATION OF STOCK APPRECIATION RIGHTS.

The Committee may at any time amend, suspend or terminate the Plan and any
stock appreciation rights theretofore granted under the Plan. In addition,
stock appreciation rights shall terminate and may no longer be exercised upon
any termination date specified by the Committee at the time of grant of such
stock appreciation rights.

10.         EFFECTIVE DATE OF THE PLAN.

The Plan shall take effect on the date of adoption by the Committee. Stock
appreciation rights may be granted under the Plan at any time after the
adoption of the Plan and prior to the termination of the Plan.

11.         GENDER.

Wheresoever used in this Plan, the masculine gender shall be deemed to include
the feminine.Exhibit
10(s)(s)

 

HEWLETT-PACKARD
COMPANY

 

EMPLOYEE
STOCK PURCHASE PLAN

 

(Amended and Restated as of June 30, 2000)

 

 

The following constitute the provisions of the
Employee Stock Purchase Plan (“Plan”) of Hewlett-Packard Company (hereinafter
sometimes referred to as “Company” or “employer”):

 

1.                                       Purpose.  The Plan is
designed to foster continued cordial employee relations and to encourage
maximum participation in Company stock ownership by its employees and employees
of its subsidiaries.

 

2.                                       Applicability of Participating Subsidiaries. 
A participating subsidiary is any subsidiary or affiliated corporation
of the Company which shall be authorized to participate under the Plan pursuant
to a resolution of the Executive Committee or the Board of Directors of the
Company and which shall elect to participate pursuant to a resolution of its
own board of directors.  In the event
and so long as a subsidiary corporation of the Company is a participating
subsidiary, the term “employees” as used in the Plan shall be deemed to include
the employees of such subsidiary and the term “employer” shall be deemed to
mean such subsidiary corporation as to its participating employees.

 

3.                                       Eligibility.  All regular
full-time and regular part-time (20 hours or more per week on a regular
schedule) employees are eligible to participate.  Eligible employees may commence participation (a) at the
beginning of the first full payroll cycle after they become eligible, or (b) on
the first day of any fiscal quarter following the quarter in which they become
eligible; provided, however, that eligible employees of a participating
subsidiary may also commence participation in the month following the date such
subsidiary first commences participation, assuming they would otherwise be
eligible to participate in the Plan. For purposes of this Plan, “employee”
means a regular, active employee of the Company or a participating subsidiary
who is treated as an employee in the personnel records of the Company, but
shall exclude individuals classified by the Company as leased from or otherwise
employed by a third party, as independent contractors, or as intermittent or
temporary employees, even if any such classification is changed retroactively
as a result of an audit, litigation or other event.  In the event any employee shall be in an inactive status for any
period during a quarter, he shall not be eligible to make contributions to the
Plan during the period of inactive status. 
Such employees may continue participation to the extent they receive
eligible earnings in any quarter. 
Employees on a approved leave of absence or who are deemed to be on
inactive pay status will not forfeit Company Shares (as defined below) issued
pursuant to the Plan solely on the basis of employment status.  Rehired employees will be treated as new
employees for the purpose of eligibility.

 

1

 

4.                                       Joining the Plan.  Any eligible
employee’s participation in the Plan shall be effective after he has initiated
his enrollment. Enrollment may be made through such media as the Company shall
permit.  Participation in the Plan shall
also be effective after an eligible employee completes, signs and returns to
the Company an Employee Stock Purchase Plan Enrollment Agreement form
indicating his acceptance and agreement to the Plan.  The enrollment procedures may vary by country.  Participation shall commence at such time
following enrollment as described in Section 3 above.

 

5.                                       Stock Purchase Price.  The stock purchase price (“Purchase
Price”) will be the lowest of the following:

 

(a)                                  The average of the daily closing prices
for the full quarter;

 

(b)                                 The average of the daily closing prices
for the last five (5) trading days of the quarter; or

 

(c)                                  The closing price on the last trading day
of the quarter.

 

All prices shall be based
on prices as reported in The Wall Street Journal or such other source
as the Company, in its discretion, shall determine.

 

6.                                       Employee’s Contribution. 
Except as provided in this Section, each employee may elect to make contributions
under the Plan by payroll deduction of any amount up to, but not exceeding, 10%
of his base earnings, exclusive of all bonuses, pay for overtime work, and
other extra compensation.  Salesmen’s
commissions and shift differential are considered eligible base earnings.  Certain legally-mandated bonuses paid to
employees of participating subsidiaries may be included in eligible base
earnings upon  approval of the Executive
Committee or the Board of Directors. 
Notwithstanding anything to the contrary contained herein, prior to the
time that the Company distributes the shares of Agilent Technologies, Inc.
(“Agilent”) held by the Company to the Company’s stockholders (the “Spin-off”),
the payroll deductions under this Plan of an employee who is transferred from
the Company to Agilent or one of its subsidiaries or affiliates shall be
automatically transferred Agilent’s Employee Stock Purchase Plan (the “Agilent
ESPP”), and such payroll deductions shall be treated for all purposes under the
Agilent ESPP as if they had been originally made thereunder.  Similarly, prior to the Spin-off, the
payroll deductions under the Agilent ESPP of an employee of Agilent or one of
its subsidiaries or affiliates who is transferred to the Company shall be
automatically transferred to this Plan, and such pay roll deductions shall be
treated for all purposes under this Plan as if they had been originally made
hereunder.

 

Any employee who, in a given calendar year, is unable
to participate in the 401(K) program of the Company’s Tax Saving Capital
Accumulation (“TAXCAP”) because the employee has reached the annual maximum
salary deferral level or the annual maximum compensation level set forth in
Section 402 or 401(a)(17), respectively, of the Internal Revenue Code of 1986
or successor statutes, shall be eligible to make contributions for the
remainder of that calendar year of any amount up to but not 

 

2

 

exceeding 10% of base earnings.  A participant of both TAXCAP and the Plan will
be able to contribute up to 5% to the Plan when he also makes the maximum
contribution to TAXCAP (pursuant to TAXCAP and the policies and procedures
applicable thereto).  However, if a
participant contributes more than 5% to the Plan, the total of his
contributions to TAXCAP and the Plan cannot exceed 10% of base earnings.

 

The amount of each
employee’s contribution shall be held by the employer in a special account, and
such contributions, free and clear of any obligation to pay interest thereon,
shall be credited to such employee’s individual account as soon as practical
after each pay day.

 

7.                                       Employer’s Contribution. 
Subject to the participation requirements specified in Section 3, on the
last day of each fiscal quarter (the Vesting Date), the balance of the
employee’s account will be applied toward the purchase of the greatest even
number of shares of Company common stock at the Purchase Price.  For every two shares of stock purchased by
the employee (“Employee Shares”), the Company will contribute one additional
share of stock (“Company Shares”).  The
Company Shares will be subject to the restrictions described in Section 8.

 

8.                                       Issuance of Stock.  Company
Shares will be issued to each participating employee in accordance with Section
7.  Company Shares contributed to the
employee’s account may not be sold or transferred by the employee until after
the completion of a two-year period following the share acquisition quarter’s
Vesting Date (the “Restriction Period”). 
Company Shares issued in any quarter will be automatically forfeited by
the employee in the event the employee terminates employment with the Company
prior to the lapse of the Restriction Period for any reason other than as set
forth in the third paragraph of Section 10. 
With respect to an employee of Agilent at the time of the Spin-off (a)
the Restriction Period applicable to any Employee Shares will automatically
accelerate and lapse at the time of the Spin-off and such Employee Shares will
be distributed as soon as administratively practicable after the Spin-off; and
(b) such employee shall forfeit any Company Shares as to which the applicable
Restriction Period has not lapsed at the time of the Spin-off and shall also
forfeit any shares of Agilent common stock received pursuant to the Spin-off in
connection with such forfeited Company Shares.

 

An employee of the
Company at the time of the Spin-off shall forfeit any shares of Agilent common
stock received pursuant to the Spin-off in connection with Company Shares of
such employee.  The Company shall
replace such forfeited Agilent shares with Company Shares of equivalent values
as soon as administratively practicable following the Spin-off and such
replacement Company Shares shall be subject to the same Restriction Periods as
applicable to the Company Shares with respect to which the forfeited Agilent
shares were issued.  The value of
forfeited Agilent shares shall be as reasonably determined by the Company.

 

Participating
international subsidiaries may elect to have Company Shares issued

 

3

 

with respect to Employee Shares purchased by employees
of that subsidiary at the end of the Restriction Period rather than
simultaneously with the issuance of Employee Shares.  Such issuance will be made only with respect to Employees, who at
the termination of the Restricted Period, remain eligible.

 

9.                                       Statement of Ownership. 
Employee Shares and Company Shares issued to participants pursuant to
the Plan will be held in book-entry form and each employee will receive a
Statement of Ownership in lieu of a Stock Certificate.  The Statement of Ownership will show the
Employee Shares and Company Shares credited to the employee’s book-entry
account.  An Employee may elect to
receive stock certificates for Employee Shares credited to the employee’s book
entry account at any time.  Upon the
lapse of each Restriction Period, an employee may elect to receive stock
certificates for the Company Shares for which the Restriction Period has
expired.

 

10.                                 Termination of Participation. 
The employee’s participation in the Plan will be terminated when the
employee voluntarily elects to withdraw from the Plan.  In this event, all funds accrued in his
account shall be promptly distributed to him and he shall not be eligible to
participate in the Plan prior to the next succeeding quarter.  No funds may be withdrawn by an employee
from his account except by termination of participation in the Plan.

 

Except as set forth in
the next paragraph, the employee’s participation in the Plan will be terminated
upon the employee’s termination of employment. 
In this event, all funds accrued in his account shall be promptly
distributed to him and he shall forfeit any Company Shares held in the book-entry
account that are still subject to the Restriction Period.

 

In the event an employee
participating in the Plan retires because of age, becomes totally and
permanently disabled, dies, terminates employment pursuant to the Company’s
Voluntary Severance Incentive program or transfers between foreign and domestic
locations of the Company or its subsidiaries, any Company Shares held in the
book-entry account will not be forfeited. 
In such event, the Restriction Period for such shares will automatically
accelerate and lapse as soon as administratively practicable.  In the event of a divestiture by the Company
of a business or subsidiary, the Company may, in its absolute and sole
discretion, provide that the Restriction Period applicable to the Company
Shares of any affected employee shall accelerate and lapse.

 

11.                                 Definition of “Quarter.” 
The term “quarter” as used in the Plan shall mean a fiscal quarter based
on the Company’s November 1 – October 31 fiscal year.

 

12.                                 Administration of the Plan. 
The Plan shall be administered by such officers or other employees of
the employer as it may from time to time select, and the persons so selected
shall be responsible for the administration of the Plan and the determination
of eligibility status of employees. 
Statements of account will be included in each participating employee’s
payroll statement promptly following the Vesting Date, which sets forth the
amounts of the respective contributions, stock purchased and remaining 

 

4

 

cash balances, if
any.  All costs and expenses incurred in
administering the Plan shall be paid by the employer.  Notwithstanding anything to the contrary herein, the
administrator may adopt rules or procedures relating to the operation and administration
of the Plan to accommodate the specific requirements of local laws and
procedures.  Without limiting the
generality of the foregoing, the administrator may adopt rules and procedures
regarding the handling of payroll deductions, payment of interest, conversion
of local currency, payroll tax, withholding procedures and handling of stock
certificates, all of which may vary with local requirements.

 

13.                                 Modifications and Termination. 
The Company reserves the sole and exclusive right, either as to its
employees or its subsidiaries or both, to terminate this Plan at any time in
its entirety or modify the Plan from time to time by resolution of its Board of
Directors.  The employer shall promptly
give notice of any modification or termination of the Plan to its employees
affected, and in the event of termination of the Plan as to any employee, shall
promptly distribute to such employee the balance of his account.  In the event that this Plan is terminated in
its entirety, the Restriction Period of all shares held in book-entry accounts
on behalf of participating employees will automatically accelerate and lapse on
the date of this Plan’s termination; provided, however, that merely ceasing to
accept payroll deductions from employees shall not be deemed a termination of
this Plan.

 

14.                                 Assignability of Rights. 
To the extent permitted by law, no rights of any employee under this
Plan shall be assignable by him voluntarily, by operation of law, or otherwise
than by will, or by the laws of descent and distribution.

 

15.                                 Applicable Law.  The interpretation,
performance and enforcement of this Plan shall be governed by the laws of the
State of Delaware, without giving effect to that state’s choice of law rules.

 

16.                                 Plan Term.  The Plan
shall continue in effect until terminated pursuant to Section13.

 

IN WITNESS WHEREOF, the Company has caused this
document to be executed by its duly authorized officer on this 30th
day of June, 2000.

 

	
   

  	
  HEWLETT-PACKARD COMPANY

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  _________________________________

  
	
   

  	
   

  	
  Susan P. Orr

  
	
   

  	
  Title: 

  	
  Chair of the Compensation
  Committee

  
	
   

  	
   

  

 

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