Document:

Form of Restricted Stock Award Agreement under the 2005 Directors' Stock Award

 EXHIBIT 10bd 
  
 2005 Directors’ Stock Award Plan - Restricted Stock Awards (Formula Grants) 
  
 AGREEMENT (the “Agreement”) dated
            (the “Grant Date”) providing for a grant of              shares of common stock by C. R. Bard, Inc.,
a New Jersey corporation (the “Corporation”), to [NAME] of [CITY/STATE OF LEGAL RESIDENCE], a non-employee director of the Corporation (the “Director”). 
  
 The Corporation has duly adopted the 2005 Director’s Stock Award Plan, as amended from time to time (the
“Plan”), a copy of which is attached hereto and incorporated herein by reference. Any term capitalized herein but not defined shall have the same meaning as set forth in the Plan. In accordance with the Plan, the Committee has
determined that the Director will receive a Stock Award, subject to the conditions set forth below (the “Stock Award”). 
  

	 	1.	Grant of the Stock Award. As of the Grant Date, the Corporation hereby grants to the Director a Stock Award of
             shares of Common Stock, on the terms and conditions hereinafter provided. 

  

	 	2.	Vesting. 

  
 (a) The Stock Award shall vest with respect to the first 400 shares of Common Stock on the Grant Date and with respect to an additional 400 of any
remaining shares of Common Stock included in such Stock Award, if any, on each October 1 following the Grant Date until all shares have vested. 
  
 (b) Notwithstanding the foregoing, if for any reason the Director ceases to serve as a director prior to the date on which he or she is fully vested in
this Stock Award, he or she shall forfeit all of the unvested shares of such Stock Award. 
  

	 	3.	Transferability of Awards. 

  
 (a) Non-Transferability. The Stock Award may not, prior to the end of the Transfer Restriction Period, be assigned, alienated, attached, sold or
transferred, pledged or otherwise disposed or encumbered by the Director, other than by will or by the laws of descent and distribution. Any attempt to assign, transfer, pledge or otherwise dispose of the Stock Award contrary to the provisions
hereof, and the levy of any execution, attachment or similar process upon the Award, shall be null, void and without effect; provided, however, that the designation of a beneficiary shall not constitute an assignment, alienation,
pledge, attachment, sale, transfer or encumbrance. The Director may designate a beneficiary, on a form supplied by the Committee, who may possess all rights with respect to the Stock Award in the event of the Director’s death. No such permitted
transfer of the Stock Award to heirs or legatees of the Director shall be effective to bind the Corporation unless the Committee shall have been furnished with written notice thereof and a copy of such evidence as the Committee may deem necessary to
establish the validity of the transfer and the acceptance by the transferee or transferees of the terms and conditions hereof. 
  
 (b) Transferability of Certain Awards. Notwithstanding the foregoing, the Director may transfer the Stock Award to family members, or one or more
trusts or other entities for the benefit of or owned by family members, consistent with applicable securities laws, provided that the Director receives no consideration for the transfer of the Stock Award and the transferred Stock Award shall
continue to be subject to the same terms and conditions as were applicable to the Stock Award immediately before the transfer. 
  
 (c) Delivery of Certificates. When each of the Vesting Restriction Period and the Transfer Restriction Period lapses with regard to shares of
Common Stock related to a Stock Award, the Corporation shall deliver to the Director, or the Director’s legal representative, beneficiary or heir, a certificate or certificates, without the legend referred to above, for the number of shares of
Common Stock deposited with the Corporation for all shares of Common Stock for which all transfer restrictions have expired or been satisfied. 

	 	3.	Restrictions on Transfer and Legend on Certificates. 

  
 (a) Legend. During the Vesting Restriction Period and the Transfer Restriction Period, Stock Awards shall be registered in the name of the Director
to whom the Stock Award was granted and bear the following, or a substantially similar, legend: 
  
 “The transferability of this Certificate and the Common Stock represented hereby is subject to the terms and conditions, including forfeiture,
contained in Section 4 of the C. R. Bard, Inc. 2005 Directors’ Stock Award Plan, as amended from time to time, and an agreement entered into between the registered owner and C. R. Bard, Inc. Copies of the Plan and Stock Award
agreement are on file in the executive office of C. R. Bard, Inc., 730 Central Avenue, Murray Hill, New Jersey 07974.” 
  

	 	4.	Rights as a Stockholder. During the Transfer Restriction Period, the Director shall have the right to vote shares of Common Stock subject to the Stock Award and to receive
any dividends or other distributions paid on such shares of Common Stock. 

  

	 	5.	Securities Laws. Upon the issuance, vesting or delivery of any Shares related to the Stock Award, the Director will make or enter into such written representations,
warranties and agreements as the Corporation may reasonably request in order to comply with applicable securities laws or with this Agreement. 

  

	 	6.	Notices. Any notice required or permitted under this Agreement shall be deemed given when delivered personally, or when deposited in a United States Post Office as registered
mail, postage prepaid, addressed, as appropriate, either to the Director at his or her address hereinabove set forth or such other address as he or she may designate in writing to the Corporation, or to the Corporation, Attention: Secretary, at 730
Central Avenue, Murray Hill, New Jersey 07974, or such other address as the Corporation may designate in writing to the Director. 

  

	 	7.	Failure to Enforce Not a Waiver. The failure of the Corporation to enforce at any time any provision of this Agreement shall in no way be construed to be a waiver of such
provision or of any other provision hereof. 

  

	 	8.	No Limitation on Rights of the Corporation. The grant of the Stock Awards shall not in any way affect the right or power of the Corporation to make adjustments,
reclassification or changes in its capital or business structure, or to merge, consolidate, dissolve, liquidate, sell or transfer all or any part of its business or assets. 

  

	 	9.	Choice of Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW JERSEY WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES.

  

	 	10.	Stock Awards Subject to Plan. By entering into this Agreement, the Director agrees and acknowledges that the Director has received and read a copy of the Plan. The Stock
Awards are in all respects governed by the Plan and subject to all of the terms and provisions thereof. The terms and provisions of the Plan as it may be amended from time to time are hereby incorporated herein by reference. In the event of a
conflict between any term or provision contained herein and a term or provision of the Plan, the applicable terms and provisions of the Plan will govern and prevail. 

  

	 	11.	Amendment. The Board may amend this Agreement at any time, provided however, that no such amendment shall adversely impact the Director unless the Director consents to such
amendment in writing. 

  

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	 	12.	Signature in Counterparts. This Agreement may be signed in counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were
upon the same instrument. 

  
 IN WITNESS WHEREOF,
the parties hereto have executed this Agreement in duplicate on the day and year first above written. 
  

			
	 C. R. BARD, INC.

		
	 By:
	 	  
	 	 	 [NAME]
 [TITLE]

  
 The undersigned hereby
accepts, and agrees to, all terms and provisions of the foregoing Agreement. 
  

					
			
	  	 	 	 	  
	 Director’s Signature
	 	 	 	 Date

			
	  	 	 	 	  
	 Print Name
	 	 	 	 

  

 3Form of Supplemental Insurance / Retirement Plan Agreement

 EXHIBIT 10be 
  
 SUPPLEMENTAL INSURANCE RETIREMENT PLAN AGREEMENT 
 (AMENDED AND RESTATED) 
  
 This agreement (the “Agreement”), which was originally effective as of             , by and between C. R. BARD, INC., a domestic corporation
organized and existing under the laws of the State of New Jersey (the “Company”), and             (the “Employee”), is hereby amended and restated effective as of the
later of the dates indicated on the signature page hereof, as set forth herein below. 
  
 WITNESSETH: 
  
 WHEREAS, the Employee is employed by the Company in an executive capacity and has discharged duties of Employee in a capable and efficient manner; 
  
 WHEREAS, the Company desires to continue to retain the services of the Employee; 
  
 WHEREAS, the Company and the Employee desire to amend and restate this
Agreement in order to comply with Section 409A of the Internal Revenue Code of 1986, as amended, as well as to clarify the application of certain terms of this Agreement; 
  
 NOW, THEREFORE, in consideration of the premises and of the covenants and agreements herein set forth, the parties
hereto covenant and agree as follows: 
  
 ARTICLE I

 Definitions 
  
 Whenever used herein, the following terms shall have the meanings specified below: 
  
 “Bard Pension Plan” means the Employee Retirement Plan of C. R. Bard, Inc., as amended from time to time.

  
 “Beneficiary” means the individual most recently
identified in writing by the Employee on a form specified by the Company for the purpose of receiving benefits under this Agreement in the event of the Participant’s death, or, in the absence of the identification of such an individual, the
Employee’s estate. 
  
 “Bonus” means the annual
payment amount made to the Employee under the regular annual incentive plan of the Company in which the Employee participates, and any similar incentive bonus payment otherwise made during the Plan Year. 
  
 “Change of Control” means (x) the beneficial ownership at any
time hereafter by any person, as defined herein, of capital stock of the Company, the voting power of which constitutes 25% or more of the general voting power of all of the Company’s outstanding capital stock or (y) a change in a majority
of the Board of Directors of the Company during any period of two years or less. No sale to underwriters or private placement of its capital stock by the Company, nor any acquisition by the Company, through merger, purchase of assets or otherwise,
effected in whole or in part by issuance or reissuance of shares of its capital stock, shall constitute a Change of Control. For purposes of the definition of “Change of Control,” the following definitions shall be applicable: 

 
 (a) The term “person” shall mean any individual, corporation or
other entity. 
  
 (b) Any person shall be deemed to be the
beneficial owner of any shares of capital stock of the Company; 
  
 (i) which that person owns directly, whether or not of record, or 

 (ii) which that person has the right to acquire pursuant to any agreement or understanding or upon
exercise of conversion rights, warrants, or options, or otherwise, or 
  
 (iii) which are beneficially owned, directly or indirectly (including shares deemed owned through application of clause (ii) above), by an “affiliate” or “associate” (as defined in the rules of the Securities and
Exchange Commission under the Securities Act of 1933) of that person, or 
  
 (iv) which are beneficially owned, directly or indirectly (including shares deemed owned through application of clause (ii) above), by any other person with which that person or his “affiliate” or
“associate” (defined as aforesaid) has any agreement, arrangement or understanding for the purpose of acquiring, holding, voting or disposing of capital stock of the Company, 
  
 (c) The outstanding shares of capital stock of the Company shall include shares deemed owned through application of clauses
(b) (ii), (iii) and (iv), above, but shall not include any other shares which may be issuable pursuant to any agreement or upon exercise of conversion rights, warrants or options, or otherwise, but which are not actually outstanding.

  
 “Code” means the Internal Revenue Code of 1986, as
amended. 
  
 “Company Allocation” means the percentage
of each Employee’s Total Compensation that is deemed allocated to the Participant’s Retirement Account for a Plan Year, in accordance with Section 2.2 of this Agreement. 
  
 “Disability Benefit” means the benefit payable to the Employee under Article V of this Agreement in the event that
he or she incurs a Disability. 
  
 “Disability” means a
total and permanent disability under the C. R. Bard, Inc. Long Term Disability Plan. 
  
 “Early Retirement” means retirement after an Employee has become eligible for early retirement as defined in the Bard Pension Plan. 
  
 “Earnings Rate” means the rate determined from time to time by the Company, subject to a minimum Earnings Rate of
4.5%. Effective January 1, 1991, the Company determined the Earnings Rate to be 7.0%. 
  
 “Effective Date” means the date on which this Agreement originally became effective without regard to any date on which this Agreement was amended and restated. 
  
 “Imputed Earnings” means the earnings imputed to Retirement
Accounts in accordance with Section 2.4 of this Agreement. 
  
 “Key Employee” means a Key Employee as defined in Section 409A of the Code and any regulations promulgated thereunder. 
  
 “Monthly Company Allocation Percentage” means the percentage determined in accordance with the schedule in Section 2.2(b) of this Agreement
based on the Employee’s age. 
  
 “Normal Retirement
Age” means the normal retirement age as defined in the Bard Pension Plan. 
  
 “Normal Retirement Date” means the normal retirement date for the Employee as defined in the Bard Pension Plan. 
  
 “Plan Year” means the calendar year. 
  

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 “Pre-Retirement Death Benefit” means the benefit payable to the Employee’s Beneficiary
under this Agreement in the event that the Employee dies prior to termination of employment with the Company. 
  
 “Retirement” or “Retired” means the occurrence of any event which would cause the Company to become obligated to pay Retirement
Benefits in accordance with Article IV below. 
  
 “Retirement
Account” means the bookkeeping account the Company maintains in connection with this Agreement in the Employee’s name to which all Company Allocations and the Imputed Earnings are credited, in accordance with Article II hereof. 

 
 “Retirement Benefits” means the benefits payable to the Employee
as a result of the events specified in, and in accordance with, Article IV below. 
  
 “Salary” means the Participant’s regular annual base salary, as in effect immediately prior to the first to occur of the Participant’s death, incurring a Disability, Retirement or other termination
of employment. 
  
 “Total Compensation” means, for each
Employee for any Plan Year, the sum of the Employee’s Salary and Bonus for that Plan Year, denominated in currency of the Employee’s primary residence for that Plan Year. 
  
 ARTICLE II 
 Retirement Accounts 
  

	 	2.1	Retirement Accounts. The amount of an Employee’s Retirement Benefits will be based upon the accumulation in the Employee’s Retirement Account, which is credited
with the Company Allocation and the Imputed Earnings, as specified in this Article II below. 

  

	 	2.2	Company Allocation. On the first day of each month beginning after the Effective Date until the month immediately preceding that in which payment of Retirement Benefits
commences, the Company shall make a Company Allocation to each Employee’s Retirement Account in an amount equal to the amount determined through application of the following four steps: 

  
 (a) First, the Employee’s Total Compensation as of the first day of
each month shall be divided by 12. 
  
 (b) Second, a Monthly
Company Allocation Percentage shall be determined for the Employee in accordance with the following schedule based on the Employee’s age as of the first day of the month: 
  

				
	 Age

	  	Monthly Company
Allocation Percentage

	 
	 25-44
	  	2.40	%
	 45-49
	  	4.80	%
	 50-54
	  	12.00	%
	 55-61
	  	19.20	%

  
 (c) Third, a Company
Allocation Percentage Multiplier shall be determined for the Employee in accordance with the following schedule based on the Employee’s level with the Company: 
  

					
	 Level

	  	 Description

	  	Multiplier

	One (CMC)	  	CEO, COO, their direct reports and any others so designated by the CEO	  	1.1
			
	Two (CVPDH)	  	Other Corporate Officers and Division Heads	  	0.8
			
	Three (CDS)	  	Other Corporate and Division staff	  	0.5

  

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 (d) Fourth, the result of the calculation in 2.2(a) above shall be multiplied by the Monthly Company
Allocation Percentage determined under 2.2(b), the product of which shall be further multiplied by the Company Allocation Percentage Multiplier determined in accordance with 2.2(c). 
  

	 	2.3	Cessation of Company Allocations. No further Company Allocations shall be made following the earlier to occur of the Employee’s death, Retirement, other termination of
employment with the Company or attainment of age 62. Nevertheless, Imputed Earnings shall continue to be credited as specified in Section 2.4 below. 

  

	 	2.4	Imputation of Earnings. On the first day of each month beginning after the Effective Date until the earlier to occur of (i) the Employee’s termination of employment
with the Company prior to becoming eligible for Early Retirement (at any time other than within three (3) years following a Change of Control) and (ii) the final payment of the Employee’s Retirement Benefits (in the event such
Retirement Benefits become payable), the Company shall credit imputed earnings to each Employee’s Retirement Account at the Earnings Rate in effect on such date. For this purpose, imputed earnings are calculated by multiplying the monthly
equivalent of the Earnings Rate (the 12th root of the Earnings Rate) by the sum of (or the difference between) the
prior month’s balance of the Employee’s Retirement Account and the Company Allocations (or distributions) credited to (or distributed from) the Retirement Account on the first day of the current month. 

  

	 	2.5	Annual and Interim Recomputations. The Retirement Benefit is recomputed each year taking into account any Company Allocations credited, any benefit payments made, and the
Imputed Earnings credited since the prior annual recomputation. When an event takes place that triggers the commencement of payment of Retirement Benefits, an interim recomputation is made through the month in which such event occurred. Thereafter,
annual recomputations continue during the payout period. 

  
 ARTICLE III 
 Pre-Retirement Death Benefit. 
  

	 	3.l	Generally. In the event the Employee dies prior to termination of employment, the Company shall pay to Employee’s designated beneficiary, or in the absence of a
beneficiary, to the Employee’s estate, a Pre-Retirement Death Benefit calculated in accordance with Section 3.2 of this Agreement, commencing as soon as practicable on or after the first day of the month following Employee’s death,
and in the form set forth in Section 3.3 of this Agreement. 

  

	 	3.2	Calculation of Benefit. The Pre-Retirement Death Benefit payable under Section 3.1 of this Agreement shall equal the sum of: 

  
 (a) The greater of (i) 2.5 times the Employee’s Salary at the time
of his or her death and (ii) the balance of the Employee’s Retirement Account at the time of his or her death; plus 
  
 (b) A salary continuation benefit in the amount of 3 times the Employee’s Salary at the time of death. 
  

	 	3.3	Form of Payment. The portion of the Pre-Retirement Death Benefit determined under Section 3.2(a) of this Agreement shall be paid in equal installments over 60 months.
The portion of the Pre-Retirement Death Benefit determined under Section 3.2(b) of this Agreement (i.e., the salary continuation benefit) shall be paid in two parts: an immediate payment of 50% of the Employee’s Salary at the time of
death, plus 2.5 times the Employee’s Salary at the time of death paid out in equal installments over 60 months. 

  

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	 	3.4	Key Employee Insurance. Notwithstanding the foregoing, if the Employee has a Key Employee Insurance Agreement in effect on the date of this Agreement with the Company, the
Company shall pay the Employee the portion of the Pre-Retirement Death Benefit determined under Section 3.2(b) of this Agreement, but not the portion determined under Section 3.2(a) of this Agreement. 

  
 ARTICLE IV 
 Retirement 
  

	 	4.1	Generally. If the Employee terminates employment with the Company after becoming eligible for Early Retirement, the Company shall pay to the Employee Retirement Benefits in
monthly installments calculated in accordance with Section 4.2 below for 180 months starting with the first business day of the month following the month in which the Employee’s Early Retirement occurred, or, if commencing payments on that
date is not practicable, as soon as practicable thereafter but not later than the fifth business day of the month following the month in which the Employee’s Early Retirement occurred. 

  

	 	4.2	Calculation of Benefit. The monthly Retirement Benefit payable under Section 4.1 above shall be calculated as follows: 

  
 (a) The payment amount for the first month will be equal to the current
Retirement Account balance at the beginning of the month divided by the number of remaining payments (180 for the first month). 
  
 (b) This amount will remain level each month for the remainder of the Plan Year. 
  
 (c) The remaining balance in the Retirement Account will continue to be credited with earnings according to Section 2.4
of this Agreement. 
  
 (d) On the first day of each subsequent
Plan Year, the monthly payment amount will be recalculated by dividing the then current balance by the number of remaining payments. The result will be a monthly payment amount that will be level for the respective Plan Year. 
  

	 	4.3.	Payout Schedule. Upon Retirement, the Employee will receive a payout schedule that is computed in accordance with the foregoing. 

  

	 	4.4	Death During Payout. If the Employee dies after commencement of payment of his or her Retirement Benefits but before the full payment of such benefits, the Company shall pay
the unpaid monthly Retirement Benefits, if any, to the Beneficiary in accordance with the same schedule applicable to the Employee. Notwithstanding the foregoing, if the amount so payable would be less than $20,000, it is the practice of the Company
(which it reserves the right to terminate) to increase the payment to $20,000 and to pay the same in a lump sum to the Beneficiary. 

  
 ARTICLE V 
 Disability 

 

	 	5.1	Generally. In the event the Employee incurs a Disability while in the employ of the Company, then (a) if the Employee remains disabled on Employee’s Normal
Retirement Date then Employee shall be eligible to receive benefits under Article IV hereof as if Employee had terminated employment with the Company on Employee’s Normal Retirement Date, or (b) if the Employee’s Disability ceases
after the Employee becomes eligible for Early Retirement (but prior to the Employee’s Normal Retirement Date) and Employee does not return to active employment, then Employee shall be eligible to receive benefits under Article IV hereof as if
Employee had terminated employment with the Company on the date Employee’s Disability ceased. In the event the Employee incurs a Disability, and dies prior to the Employee’s Normal Retirement Age while the Employee remains Disabled, the
Pre-Retirement Death Benefit described in Article III of this Agreement shall be paid to the Beneficiary. 

  

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 ARTICLE VI 
 Change of Control 
  

	 	6.1	Generally. If a Change of Control occurs prior to the Employee’s Normal Retirement Date and the Employee’s employment with the Company or its successor terminates
within three (3) years after the date of the Change of Control but prior to the Employee’s Normal Retirement Date (so that Employee would not otherwise be entitled to full benefits under this Agreement), the Company shall pay to the
Employee, or Employee’s Beneficiary in the event employee shall not survive until age 65, as soon as practicable following the Employee’s termination date the single sum present value (determined in accordance with Section 6.2 of this
Agreement) of the monthly Retirement Benefits determined under Article IV of this Agreement which would have been payable had Employee retired on the day after Employee’s 65th birthday. For purposes of determining the projected monthly Retirement Benefits as required by the preceding sentence, the Company shall estimate the Total
Compensation of the Employee for each year for which the Employee’s Total Compensation is unknown (an “Unknown Year”) until the year in which the Employee’s 65th birthday occurs. The estimate used for the first Unknown Year shall be the greater of (x) the Employee’s Total Compensation for the year immediately
preceding his or her termination of employment or (y) his or her Total Compensation for the year ending immediately prior to the year in which the Change of Control occurred. The estimated Total Compensation for each subsequent Unknown Year
shall be equal to the previous year’s estimated Total Compensation increased by 6%. 

  

	 	6.2	Calculation of Benefit. The single sum present value under Section 6.1 of this Agreement shall be determined by: 

  
 (a) calculating the monthly Retirement Benefit determined under
Section 6.1 of this Agreement which would be payable over a period of 180 consecutive months commencing on the first of the month following the month in which the Employee attains (or would have attained had Employee survived) age 65; and

  
 (b) discounting the stream of payments calculated in
Section 6.2(a) of this Agreement back to the date on which the benefit is payable using a discount rate of 4.29%, which is the rate of interest used for determining the present value of lump sum payments under the Bard Pension Plan as in effect
on the date on which this amended and restated Agreement was approved by the Compensation Committee of the Company’s Board of Directors. 
  

	 	6.3	Other Elections. Notwithstanding anything herein to the contrary, Employee may elect in writing on a form prescribed by the Company, to receive his or her benefit on the
first day of the month following the month in which he or she turns any age, provided such date is after the date on which he or she would otherwise receive his or her benefit under Section 6.1 of this Agreement. In order to be effective such
election must either (x) be made at least twelve (12) months in advance of when his or her benefit would otherwise be payable under Section 6.1 of this Agreement and result in a delay of the payment of the benefit of at least five
years from the date on which the benefit would otherwise be payable under Section 6.1 of this Agreement; or (y) be made before January 1, 2006. 

  
 ARTICLE VII 
 Key Employee Distributions 
  

	 	7.1	Six-Month Delay. To the extent required in order to comply with Section 409A of the Code, no distribution under this Agreement that is triggered by the termination of
the Employee’s employment with the Company shall be made within six (6) months following the Employee’s termination of employment with the Company. Any distributions otherwise scheduled to be made within such period shall be paid as
soon as practicable following the expiration of this six-month period without delaying any subsequently scheduled payments. 

  

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 ARTICLE VIII 
 Claims Procedures 
  

	 	8.1	Initial Claim. If the Employee believes that he or she is being denied a benefit to which he or she is entitled under the Agreement, he or she may file a written request for
such benefit with the Compensation Committee of the Board of Directors of the Company or its delegate (hereinafter referred to for purposes of this Article as the “Committee”), setting forth the claim. 

  

	 	8.2	Initial Claim Response. The Committee shall deliver a reply to the Employee within 90 days of receipt of the claim. The Committee may, however, extend the reply period for an
additional 90 days for reasonable cause and by providing notice to the Employee, in writing, of the extension within the original 90 day period. Any denial of the claim, in whole or in part, shall set forth the following: the specific reason for the
denial; the specific reference to pertinent provisions of this Agreement upon which the denial is based; a description of any additional materials or information necessary for the Employee to perfect the claim; appropriate information as to the
steps the Employee should take to appeal the denial; the time limits for requesting an appeal; and a statement of the Employee’s right to bring an action under Section 502 of ERISA upon a claim denial on appeal. 

 

	 	8.3.	Appeal. Within 60 days after receipt by the Employee of the denial, the Employee may request in writing that the Committee review its determination. The Employee or his or
her authorized representation may, but need not, review pertinent documents and submit issues and comments in writing for consideration by the Committee. If the Employee does not request a review of the initial determination within the 60 day time
period, the Employee shall be barred and stopped from challenging the determination. 

  

	 	8.4	Appeal Response. Within 60 days after the Committee’s receipt of a request for appeal, it shall review the initial denial. After considering all materials presented to
the Committee, the Committee shall render an opinion, drafted in a manner calculated to be understood by the Employee, setting forth the specific reasons for the denial and containing specific references to the pertinent provisions of the Agreement
upon which the decision is based and a statement of the Employee’s right to bring an action under Section 502 of ERISA. If special circumstances require that the 60 day time period be extended, the Committee shall so notify the Employee
and shall render the decision as soon as possible, but no later than 120 days after receipt of the request for review. 

  
 ARTICLE IX 
 Miscellaneous

  

	 	9.1	No Right of Continued Employment. This Agreement shall not be construed as granting to Employee any right with respect to continuance of employment by the Company or a
subsidiary thereof. The right of the Company or any subsidiary thereof to terminate the Employee’s employment with it at any time at will is specifically reserved. The right of the Employee to terminate Employee’s employment with the
Company at any time at will is specifically reserved. 

  

	 	9.2	Consulting Services. Upon the commencement of the retirement benefits as herein provided, the Employee agrees following such commencement of retirement benefits to hold
himself available, on reasonable notice and at the request of the Board of Directors of the Company, to render consulting services. 

  

	 	9.3	 Employee Covenants. As set forth more fully in the Agreement Relating to Inventions, Trade Secrets and Confidential Information with Covenant Not to Compete,
dated             (the “Confidentiality and Non-Compete Agreement”), the Employee agrees that, in consideration of the benefits under this 

  

 7 

	 	 
Agreement, he or she will not directly or indirectly enter into or in any manner take part in any business, profession or other endeavor, either as an
employee, agent, independent contractor or owner, which, in the opinion of the Company, shall be in competition with the business of the Company, which opinion of the Company shall be final and conclusive for the purposes hereof. As set forth in the
Confidentiality and Non-Compete Agreement, the Employee shall not divulge any trade or business secrets or any other confidential information of the Company to any person not employed by the Company unless so authorized by the Company.
Notwithstanding any time limitations on the Employee’s duties of confidentiality and non-competition set forth in the Confidentiality and Non-Compete Agreement, if the Employee shall fail to observe any of the covenants of this Section 9.3
and shall continue to breach any covenant herein contained for a period of thirty days after the Company shall have advised Employee of such breach by written notice, then any of the provisions hereof or in the Confidentiality and Non-Compete
Agreement to the contrary notwithstanding, the Employee agrees that no further payments shall be due or payable by the Company hereunder either to the Employee or to the Employee’s designated beneficiary and that the Company shall have no
further liability hereunder. No exception to or waiver of the foregoing provision shall be enforceable unless set forth in writing signed by the Chief Executive Officer of the Company. 

  

	 	9.4	No Assignment or Attachment. Neither the Employee nor the Employee’s Beneficiary shall have any right to commute, sell, assign, transfer or otherwise convey the rights
to receive any payment hereunder, which payments and all the rights thereto are expressly declared to be non-assignable and non-transferable, and in the event of any attempted assignment or transfer, the Company shall have no further liability
hereunder. No benefit payment shall, in any manner be subject to garnishment, attachment, execution, levy, debts, contracts, liabilities, engagements or torts of the Employee or Employee’s designated beneficiary or estate.

  

	 	9.5.	Successors. Except as herein provided, this Agreement shall be binding upon the parties hereto, their heirs, executors, administrators, successors (including but not limited
to successors resulting from any corporate merger or acquisition) or assigns. 

  

	 	9.6	Death of Beneficiary. If the Beneficiary survives the Employee but dies prior to receiving full payment of the benefits remaining to be paid to the Employee, the amounts
remaining to be paid to the beneficiary shall be paid to the estate of the Beneficiary. 

  

	 	9.7	Amendment and Termination. Subject to the last sentence of Section 9.3 of this Agreement, during the lifetime of the Employee, this Agreement may be amended, terminated,
or revoked at any time, or times, in whole or in part, by the mutual written agreement of the Employee and the Company. 

  
 Notwithstanding anything herein to the contrary, the Company may from time to time in its sole discretion unilaterally amend the specific
methodologies and formulas used in calculating and paying benefits, subject to applicable law and provided that (x) any revisions to a specific formula shall apply only on a prospective basis and shall in no event provide an aggregate
Pre-Retirement Death Benefit or Retirement Benefit, as the case may be, that is less than the aggregate amount of such benefit expressly required by the specific terms of the Agreement as in effect immediately prior to the amendment; (y) no
such amendment shall directly or indirectly reduce the balance that is in any such Employee’s Retirement Account as of the effective date of such revision; and (z) no such amendment will be applied to reduce the benefit payable with
respect to any former employee or Beneficiary after such benefit has become payable. 
  

	 	9.8	Withholding of Taxes. The Company will have the power and the right to deduct or withhold an amount sufficient to satisfy federal, state, and local taxes, domestic or
foreign, required by law or regulation to be withheld with respect to any taxable event arising under this Agreement. 

  

 8 

	 	9.9	Unfunded Status of this Agreement. Nothing in this Agreement shall be construed to be contrary of the following: 

  
 (a) The Retirement Account represents at all times an unfunded and unsecured
contractual obligation of the Company. The Employee and any Beneficiaries will be unsecured creditors of the Company with respect to all obligations owed to them under this Agreement, and the Company’s obligations will be satisfied solely out
of the general assets of the Company, subject to the claims of its creditors. 
  
 (b) Neither the Employee nor any Beneficiary will have any interest in any fund or in any specific asset of the Company of any kind by reason of any amount credited to him or her hereunder, nor shall the Employee or
any Beneficiary or any other person have any right to receive any distribution under the Agreement except as, and to the extent, expressly provided in the Agreement. 
  
 (c) Any reserve or other asset that the Company may establish or acquire to assure itself of the funds to provide payments
required under this Agreement shall not serve in any way as security to the Employee or any Beneficiary for the performance of the Company’s obligations under this Agreement. 
  

	 	9.10	Counterparts. This Agreement shall be executed in counterparts, each copy of which so executed and delivered shall be an original, but both copies shall together constitute
one and the same document. 

  

	 	9.11	Governing Law. This Agreement shall be construed in accordance with the laws of the State of New Jersey. 

  
 IN WITNESS WHEREOF, the parties hereto have duly executed and delivered this
Agreement effective as of the date set forth above. 
  

							
				
	 	 	  	 	 	 	  
	 	 	 (Employee)
	 	 	 	 Date

				
	 	 	 C. R. BARD, INC.
	 	 	 	 
				
	 By:
	 	  	 	 	 	  
	 	 	 Bronwen K. Kelly
 Vice President, Human Resources
 C.R. Bard, Inc.
	 	 	 	 Date

  

 9

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