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Exhibit 10.23    
    

 
 

AGILENT TECHNOLOGIES, INC.
  1999 NON-EMPLOYEE DIRECTOR STOCK PLAN
  
  (Amended and Restated Effective November 14, 2007)    

PART I.    PLAN ADMINISTRATION AND ELIGIBILITY 

        1.    Purpose.    The purpose of this 1999 Non-Employee Director Stock Plan
(the "Plan") of Agilent Technologies, Inc. (the "Company") is to encourage ownership in the Company by outside directors of the Company (each, a "Non-Employee Director," or
collectively, the "Non-Employee Directors") whose continued services are considered essential to the Company's continued progress and thus to provide them with a further incentive to
remain as directors of the Company. 

        2.    Administration.    The Board of Directors (the "Board") of the Company or any
committee (the "Committee") of the Board that will satisfy Rule 16b-3 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and any regulations promulgated
thereunder, as from time to time in effect, including any successor rule ("Rule 16b-3"), shall supervise and administer the Plan. The Committee shall consist solely of two or more
non-employee directors of the Company, who shall be appointed by the Board. A member of the Board shall be deemed to be a "non-employee director" only if he or she satisfies
such requirements as the Securities and Exchange Commission may establish for non-employee directors under Rule 16b-3. Members of the Board receive no additional
compensation for their services in connection with the administration of the Plan. 

        The
Board or the Committee may adopt such rules or guidelines, as it deems appropriate to implement the Plan. The Board or the Committee shall determine all questions of interpretation
of the Plan or of any shares issued under it and such determination shall be final and binding upon all persons having an interest in the Plan. Any or all powers and discretion vested in the Board or
the Committee under this Plan may be exercised by any subcommittee so authorized by the Board or the Committee and satisfying the requirements of Rule 16b-3. 

        3.    Participation in the Plan.    Each member of the Board who is not an employee of
the Company or any of its subsidiaries or affiliates shall be eligible to receive payment for his or her Annual Retainer (as defined in Section 12 below) under the Plan. 

        4.    Stock Subject to the Plan.    The maximum number of shares of the Company's $0.01
par value Common Stock ("Common Stock") which may be issued under the Plan shall be One Million (1,000,000). The limitation on the number of shares that may be issued under the Plan shall be subject
to adjustment as provided in Section 10 of the Plan. 

        If
any outstanding option or grant of Common Stock under the Plan for any reason expires or is terminated without having been vested or exercised in full, the shares allocable to the
unexercised portion of such option or the grant of Common Stock shall again become available for grant pursuant to the Plan. 

PART II.    TERMS OF THE PLAN 

        5.    Term of the Plan.    The Plan shall become effective upon the earlier to occur of
its adoption by the Board or its approval by the stockholders of the Company as described in Section 15 of the Plan. It shall continue in effect for a term of ten (10) years unless
sooner terminated under Section 11 of the Plan. 

        6.    Time for Granting Options.    No options shall be granted, and no Deferred Share
grant (as provided for in Section 7(c) and 7(d) below) shall be made, after the date on which this Plan terminates. The applicable terms of this Plan, and any terms and conditions applicable to
the options 

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granted
or shares issued prior to such date, shall survive the termination of the Plan and continue to apply to such options and shares. 

        7.    Terms and Conditions.    

                (a)   Compensation.    Except
for the Non-Executive Chairman, each Non-Employee Director's Annual
Retainer shall consist of an option to purchase shares of Common Stock (an "Option Payment") in an amount equivalent to seventy-five thousand dollars ($75,000.00) and
seventy-five thousand dollars ($75,000.00) payable in cash in four (4) quarterly installments (the "Cash Payment"). The first installment of the Cash Payment shall be payable on the
later of (i) March 1 of each Plan Year (or if March 1 is not a trading day the next succeeding trading day), or (ii) the first trading day following the annual stockholders
meeting (the "Initial Payment Date"). The subsequent installments shall be payable on the dates that are three months, six months and nine months after the Initial Payment Date (or the next succeeding
trading day in the event any such date is not a trading day) (each such subsequent date a "Subsequent Payment Date" and, together with the Initial Payment Date, each a "Payment Date"). A trading day
shall be a day on which the NYSE is open for trading. 

                In
addition, Non-Employee Directors who serve as the chairperson of a Board committee shall be entitled to a "Committee Chair Premium". Specifically, the
chairperson of the Compensation Committee, provided that such person is not the Non-Executive Chairman, shall, on an annual basis, receive an additional ten thousand dollars ($10,000.00)
in cash. The chairperson of the Audit and Finance Committee of the Board, provided that such person is not the Non-Executive Chairman, shall, on an annual basis, receive an additional
twenty thousand dollars ($20,000.00) in cash. The chairperson of anyother Board committee, provided that such person is not the Non-Executive Chairman, shall, on an annual basis, receive
an additional five thousand dollars ($5,000.00) in cash. 

                The
Non-Executive Chairman shall receive an Annual Retainer that shall consist of an option to purchase shares of Common Stock (an "Option Payment") in an
amount equivalent to seventy-five thousand dollars ($75,000.00) and two hundred seventy thousand dollars ($270,000.00) in cash. The Non-Executive Chairman shall not be eligible
to receive any Committee Chair Premiums. 

                Each
member of the Audit and Finance Committee shall, on an annual basis, receive an additional ten thousand dollars ($10,000.00) in cash which shall be made in a lump sum
payment as soon as practicable following the Initial Payment Date with respect to the Plan Year. 

        A
Non-Employee Director who joins the Board of Directors after the start of the Plan Year shall have his or her Option Payment and Cash Payment pro-rated based
upon the remaining days in the Plan Year that the director will serve. 

                (b)   Option
Payment.    Each option granted under this Plan shall be a non-statutory option and shall be
evidenced by a written agreement in such form as the Board or Committee shall from time to time approve, which Agreements shall comply with and be subject to the following terms and conditions and
such additional terms and conditions as may be determined by the Board or Committee: 

                        (i)    Date
of Payment.    For each Plan Year, an option constituting the Option Payment shall be granted in the prior
Plan Year on the date that the Company makes its regular annual grant of equity awards to employees who are officers of the Company within the meaning of Section 16 of the Exchange Act;
provided, that in the case of a Non-Employee Director who subsequently ceases to be a member of the Board of Directors for any reason on or prior a Vesting Date as provided in
Section 7(v) below, except as provided in Section 7(vi) below, such option shall be automatically cancelled to the extent not yet exercisable on the date of such cessation,
and the shares that were subject to the unexercisable portion thereof shall become available for future grant under the Plan (unless the Plan has terminated). 

                        (ii)   Number
of Shares Subject to Option.    The number of shares to be subject to any option granted pursuant to the
Plan shall be an amount necessary to make such option equal in value, 

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using
an option valuation model, as determined by the Board or Committee, to seventy-five thousand dollars ($75,000). The value of the option will be calculated by assuming that the value
of an option to purchase one share of Common Stock equals the product of (i) the Multiplier, as defined below, and (ii) the average Fair Market Value of a share of Common Stock for the
period described below. 

        The
number of shares represented by an option granted pursuant to the Plan shall be determined by multiplying the number of shares determined in Section 7(b)(ii) above by a
multiplier determined using an option valuation method (the "Multiplier"). The Board or the Committee shall determine the Multiplier prior to the option grant made with respect to any succeeding Plan
Year. The number of shares to be subject to the option shall be equal to the number of shares determined as follows: 

	$75,000.00	 	 	 	 	 	 	 	 
	
	 	=	 	Number of shares
	The average Fair Market Value for a period of 20 consecutive trading days ending as soon as practicable prior to the grant date	 	x	 	Multiplier	 	 	 	 

                        (iii)  Price
of Options.    The exercise price of the option will be the Fair Market Value of the Common Stock on the
date of grant. 

                        (iv)  Exercise
of Options.    Options may be exercised in any manner permitted by the external stock option
administrator retained by the Company, and will be subject to such administrator's fees and procedures. 

                        (v)   Vesting
and Term of Option.    Except as provided in Section 7(vi) below, the option will vest and
become exercisable in four (4) twenty-five percent (25%) increments (the date as of which an increment vests a "Vesting Date"). The first Vesting Date shall be the date of the
annual stockholders meeting next following the grant date, and an increment shall vest as of the first Vesting Date only with respect to Non-Employee Directors who will continue as members
of the Board following the stockholders meeting. The second, third and fourth Vesting Dates shall be the dates six months, nine months and one year, respectively, following the grant date. An
increment shall vest and become exercisable on the second, third or fourth Vesting Date only to the extent the Non-Employee Director continues as a member of the Board on the Vesting Date.
No option shall be exercisable after the expiration of ten (10) years from the date upon which such option is granted. 

                        (vi)  Exercise
by Representative Following Death of Director.    A Non-Employee Director, by written notice
to the Company, may designate one or more persons (and from time to time change such designation) including his or her legal representative, who, by reason of his or her death, shall acquire the right
to exercise all or a portion of the option. If the person or persons so designated wish to exercise any portion of the option, they must do so within the term of the option as provided in
Section 7(b)(v). Any exercise by a representative shall be subject to the provisions of this Plan. 

                        (vii) Options
Nontransferable.    Unless determined otherwise by the Board or the Committee, each option granted under
the Plan by its terms shall not be transferable by the optionee otherwise than by will, or by the laws of descent and distribution, and shall be exercised during the lifetime of the optionee only by
him. No option or interest therein may be transferred, assigned, pledged or hypothecated by the optionee during his or her lifetime, whether by operation of law or otherwise, or be made subject to
execution, attachment or similar process. 

                (c)   Annual
Deferred Share Credit.    For each Plan Year, each Non-Employee Director shall be credited under
the Agilent Technologies, Inc. 2005 Non-Employee Director Deferred Compensation Plan (the "Deferred Compensation Plan"), as of the later of (i) March 1 of each Plan
Year (or if March 1 is not a trading day the next succeeding trading day), or (ii) the first trading day following the annual stockholders meeting, with a deemed investment in shares of
Common Stock ("Shares"), as that 

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term
is defined under the Deferred Compensation Plan), with a Fair Market Value of seventy-five thousand dollars ($75,000), determined as provided below. The Shares shall vest in four
(4) twenty-five percent (25%) increments each three (3) months from the date of credit, provided the Non-Employee Director continues in Board service on the
vesting date. Shares credited under this Section 7(c) shall be issued from this Plan. 

        The
number of Shares subject to an Annual Deferred Share Credit shall be equal to the number of shares determined as follows: 

	$75,000.00	 	 	 	 
	
 The average Fair Market Value for a period of 20 consecutive trading days ending as soon as practicable prior to the grant date.	 	=	 	Number of shares

                (d)   Deferred
Share Credit for New Directors.    Effective as of November 1, 2005, each newly appointed
Non-Employee Director shall be credited under the Deferred Compensation Plan, as of the date service commences as a Non-Employee Director, with Shares (as that term is defined
under the Deferred Compensation Plan) with a Fair Market Value of one hundred thirty thousand dollars ($130,000.00), determined as provided below. The Shares shall vest in four
(4) twenty-five percent (25%) increments each three (3) months from the date of credit, provided the Non-Employee Director continues in Board service on the
vesting date. Unless you further defer your Shares, the payout of your Deferred Shares will be made in a lump sum after the third anniversary of their grant date. Shares credited under this
Section 7(d) shall be issued from this Plan. 

        The
number of Shares subject to a grant under this Section 7(d) shall be equal to the number of shares determined as follows: 

	$130,000.00	 	 	 	 
	
 The average Fair Market Value for a period of 20 consecutive trading days ending as soon as practicable prior to the grant date	 	=	 	Number of shares

                (e)   Cash
Payment and Committee Chair Premiums.    Except to the extent a Non-Employee Director has properly
elected to defer all or part of the cash component of his or her Annual Retainer or Committee Chair Premium under a deferred compensation plan sponsored by the Company, all Cash Payments shall be made
in four (4) quarterly installments as soon as practical following the Payment Dates (provided the Non-Employee Director continues as a Board member on such Payment Date).
Notwithstanding the foregoing, Committee Chair Premiums and the annual fee to members of the Audit and Finance Committee shall be made in a lump sum payment as soon as practicable following the
Initial Payment Date with respect to the Plan Year. 

                (f)    Special
Compensation.    The Board or the Committee may, from time to time, deem it appropriate and may provide
certain Non-Employee Directors with additional compensation ("Special Compensation") under this Plan. Such Special Compensation shall be in the form of a grant of Common Stock or stock
options subject to terms, conditions and restrictions established by the Board or Committee at the time of the grant. 

                (g)   Form
of Issuance of Shares.    Any shares issued under the Plan shall be in either book entry form or in certificate
form pursuant to the instructions given by the Non-Employee Director to the Company's transfer agent. 

                (h)   Transferability.    In
the event of a Non-Employee Director's death, all of such person's rights to
receive any accrued but unpaid Option Payment and/or Special Compensation will transfer to the maximum extent permitted by law to such person's beneficiary. Each Non-Employee Director may
name, from time to time, any beneficiary or beneficiaries (which may be named contingently or successively) as his or her beneficiary for purposes of this Plan. Each designation shall be on a form 

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prescribed
by the Committee, will be effective only when delivered to the Company and when effective will revoke all prior designations by the Non-Employee Director. If a
Non-Employee Director dies with no such beneficiary designation in effect, such person's beneficiary shall be his or her estate and such person's payments will be transferable by will or
pursuant to laws of descent and distribution applicable to such person. 

PART III.    GENERAL PROVISIONS 

        8.    Assignments.    The rights and benefits under this Plan may not be assigned except
for the designation of a beneficiary as provided in Section 7. 

        9.    Limitation of Rights.    

                (a)   No
Right to Continue as a Director.    Neither the Plan, nor the issuance of shares of Common Stock, nor the grant
of special Compensation, 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 will retain a director
for any period of time, or at any particular rate of compensation. 

                (b)   No
Stockholders' Rights for Options.    An optionee shall have no rights as a stockholder with respect to the shares
covered by his or her options until the date of the issuance to him of a stock certificate therefor or the making of a book entry with the Company's transfer agent, and no adjustment will be made for
dividends or other rights for which the record date is prior to the date such certificate is issued. 

        10.    Adjustments in Present Stock.    In the event of any merger, consolidation,
reorganization, recapitalization, stock dividend, stock split, or other change in the corporate structure or capitalization affecting the Company's present Common Stock, at the time of such event the
Board or the Committee shall make appropriate adjustments to the number (including the aggregate numbers specified in Section 4) and kind of shares to be issued under the Plan and the price of
any Stock Option. 

        11.    Amendment and Termination of the Plan.    

                (a)   Amendment
and Termination.    The Board may at any time amend, alter, suspend, or discontinue the Plan, but no
amendment, alteration, suspension, or discontinuation shall be made which would impair the awards granted to any Non-Employee Director theretofore made, without his or her consent. In
addition, to the extent necessary and desirable to comply with any applicable law, regulation or stock exchange rule, the Company shall obtain stockholder approval of any Plan amendment in such a
manner and to such a degree as required. 

                (b)   Effect
of Amendment or Termination.    Any such amendment or termination of the Plan shall not affect any Stock
Option already granted and such Stock Options shall remain in full force and effect as if this Plan had not been amended or terminated. 

        12.    Definitions.    

        "Annual Retainer" shall mean the amount to which a Non-Employee Director will be entitled to receive for serving as a director
in a relevant Plan Year, but shall not include reimbursement for expenses, fees associated with service on any committee of the Board or fees with respect to any other services to be provided to the
Company. 

        "Fair Market Value" shall mean, as of any date, the quoted closing sales price for such Common Stock as of such date (or if no sales were
reported on such date, the closing price on the last preceding day a sale was made) as quoted on the stock exchange or a national market system, with the highest trading volume, as reported in such
source as the Company shall determine. 

        "Non-Executive Chairman" shall mean the Non-Employee Director who is appointed to serve as the Chairman of the
Board. 

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        "Plan Year" shall mean the year beginning March 1 and ending February 28, or February 29, as the case may be. 

        13.    Notice.    Any written notice to the Company required by any of the provisions of
this Plan shall be addressed to the Secretary of the Company and shall become effective when it is received. 

        14.    Governing Law.    This Plan and all determinations made and actions taken pursuant
hereto shall be governed by the law of the State of Delaware and construed accordingly. 

        15.    Stockholder Approval.    The Plan shall be subject to approval by the stockholders
of the Company within twelve (12) months after the date the Plan is adopted. Such stockholder approval shall be obtained in the degree and manner required under applicable state and federal law
and any stock exchange rules. 

        16.    Annual Maximum Shares.    Subject to adjustments as provided in Section 10
of the Plan, the maximum number of shares that can be granted to each Non-Employee Director under the Plan is 150,000 shares per year. 

6

QuickLinks

Exhibit 10.23

AGILENT TECHNOLOGIES, INC. 1999 NON-EMPLOYEE DIRECTOR STOCK PLAN (Amended and Restated Effective November 14, 2007)QuickLinks
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Exhibit 10.25    
    

 
 

AGILENT TECHNOLOGIES, INC.
  
  SUPPLEMENTAL BENEFIT RETIREMENT PLAN
  
  (Amended and Restated Effective January 1, 2005)
  
  SECTION
1.    ESTABLISHMENT AND PURPOSE OF PLAN  

        The
Plan is intended to provide supplemental retirement benefits to certain management and highly compensated employees equal to those benefits that are limited under the Deferred Profit
Sharing Plan and/or Retirement Plan because of the limitations on contributions and benefits imposed by Section 415 of the Code and the limitation on compensation imposed by
Section 401(a)(17) of the Code. This Plan is intended to be an unfunded excess benefit plan under Sections 3(36) and 4(b)(5) of ERISA. The Company retains the right, as provided in
Section 8, to amend or terminate the Plan in accordance with the requirements under Section 409A of the Code. The Plan is administered by the Compensation Committee of the Board of
Directors of the Company, as provided in Section 7. 

        Benefits
accrued under this Plan prior to January 1, 2005 shall be governed by the terms and conditions of this Plan as in effect as of December 31, 2004. Benefits accrued
under this Plan on or after January 1, 2005 shall be governed under this Plan effective December 31, 2004, as amended from time to time. 

 
 

SECTION 2.    DEFINITIONS  

        Certain
capitalized words and phrases used in the text of the Plan shall have the meaning attributed to them in the DPSP or RP or the following meaning unless the text further specifies
the meaning or from the context it clearly appears otherwise: 

        (a)   "Actual
DPSP Account" means the amount in the separate account established for each Participant under the DPSP. 

        (b)   "Actual
RP Benefit" means the benefit in fact determined under the RP as of the date when benefits are to be paid under the DPSP or RP. 

        (c)   "Committee"
means the Compensation Committee of the Board of Directors of the Company; provided, that for purposes of Section 9, with respect to any Participant
other than a Participant who is an executive officer as defined under the Securities Exchange Act of 1934 and the regulations thereunder, Committee means the Executive Committee of the Board of
Directors of the Company. 

        (d)   "Code"
means the Internal Revenue Code of 1986, as amended from time to time. 

        (e)   "Company"
means Agilent Technologies, Inc., a Delaware corporation. 

        (f)    "Distribution
Date" means the date the Company is no longer a member of the Hewlett-Packard Company controlled group of corporations (within the meaning of
Section 1563(a) of the Code). 

        (g)   "DPSP"
or "Deferred Profit Sharing Plan" means the Agilent Technologies, Inc. Deferred Profit Sharing Plan adopted and effective as of May 1, 2000, and as
it may be amended from time to time. 

        (h)   "Employer"
means the Company or any of its affiliates as determined under Treasury Regulation § 1.409A-1(h)(3). 

        (i)    "ERISA"
means the Employee Retirement Income Security Act of 1974, as amended from time to time. 

        (j)    "Participant"
means any individual entitled to a Virtual DPSP Account under Section 4 or a Virtual Retirement Benefit under Section 5. 

 

        (k)   "Plan"
means the Agilent Technologies, Inc. Supplemental Benefit Retirement Plan, as described herein and as it may be amended from time to time. 

        (l)    "RP"
or "Retirement Plan" means the Agilent Technologies, Inc. Retirement Plan adopted and effective as of May 1, 2000, and as it may be amended from time
to time. 

        (m)  "Terminate"
or "Terminates" means a separation from service within the meaning of Treasury Regulation § 1.409A-1(h). A Participant shall
not be deemed to have separated from service if the Participant continues to provide services to an Employer at an annual rate that is fifty percent (50%) or more of the services rendered, on average,
during the immediately preceding three (3) full calendar years of employment with the Employer (or if employed by the Employer less than three (3) years, such lesser period); provided,
however, that a separation from service will be deemed to have occurred if a Participant's service with an Employer is reduced to an annual rate that is less than twenty percent (20%) of the services
rendered, on average, during the immediately preceding three (3) full calendar years of employment with the Employer (or if employed by the Employer less than three (3) years, such
lesser period). 

        (n)   "Termination
Date" means the date in which a Participant Terminates. 

        (o)   "Virtual
DPSP Account" means a bookkeeping account established under Section 4 to which is credited all investment earnings as provided in Section 4. 

        (p)   "Virtual
Retirement Benefit" means the benefit payable to a Participant or Beneficiary determined under Section 5. 

        (q)   "Virtual
RP Benefit" means the benefit determined under the RP based on the Annuity Value of the Actual DPSP Account, if applicable, but otherwise without regard to the
limitations of Section 415 or Section 401(a)(17) of the Code. 

 
 

SECTION 3.    ELIGIBILITY AND PARTICIPATION  

        (a)   General
Rule.    Any individual who is participating in the DPSP and/or the RP and who by reason of the limitations of
Section 415 or Section 401(a)(17) of the Code is unable to receive the formula contributions or benefits otherwise provided under the DPSP and/or RP shall automatically be a Participant
in this Plan. 

        (b)   Termination
of Participation.    An individual shall cease to be a Participant as of the date he or she ceases to be an Employee,
unless the individual is entitled to benefits hereunder, in which event his or her status as a Participant shall terminate on the earlier of the date of his or her death or the date no further amount
is payable to the individual hereunder. 

 
 

SECTION 4.    VIRTUAL DPSP ACCOUNTS  

        A
separate account, called a "Virtual DPSP Account," shall be maintained by the Committee for each Participant. The value of the Virtual DPSP Account as of May 1, 2000 shall equal
the value of the Virtual DPSP Account each Participant had under the Hewlett-Packard Company Excess Benefit Retirement Plan on the business day preceding May 1, 2000. As of the last day of each
Plan Year, or in the case of an Employee who Terminates and who has made claim for benefits under the DPSP, as of the Employee's Valuation Date (if other than the last day of the Plan Year), each
Virtual DPSP Account shall be revalued. For purposes of valuation, the Virtual DPSP Account shall be deemed invested as the assets of the DPSP. 

 
 

SECTION 5.    VIRTUAL RETIREMENT BENEFIT  

        (a)   Determination
of Benefit.    The benefits payable under this Plan shall be determined as of the date when benefits are to be paid
under the DPSP or RP or (i) prior to January 1, 2008, as of the 

2

 

October 31,
or (ii) on or after January 1, 2008, as of the last day of the fiscal quarter, preceding the distribution date of benefits under this Plan if benefits have not yet
been paid under the DPSP or RP. 

        As
of the applicable date provided above, the Committee shall determine the Virtual RP Benefit and the Actual RP Benefit. As of the same date the Committee shall determine the Annuity
Value of the Virtual DPSP Account, if any, in the same manner as the Annuity Value of the Actual DPSP Account, if any, is determined under the RP. The benefit payable under this Plan, if any, shall
equal: 

        (i)    The
greater of the Virtual RP Benefit or the Annuity Value of the Virtual DPSP Account; less 

        (ii)   The
Actual RP Benefit. 

The
benefit determined pursuant to the immediately preceding sentence shall be known as the Virtual Retirement Benefit. 

        (b)   Form
and Time of Payment.    The Participant's Virtual Retirement Benefit shall be converted to a lump sum benefit as of the date
the Participant's DPSP or RP benefit is to be paid or either (i) prior to January 1, 2008, as of the October 31 preceding the distribution date of this Plan if the DPSP or RP
benefit has not yet been paid, or (ii) on or after January 1, 2008, as of the last day of the fiscal quarter preceding the distribution date of this Plan if the DPSP or RP benefit has
not yet been paid. The conversion shall be based on the same actuarial factors that would be used to convert an RP benefit from an annuity to a lump sum at the time of the conversion. 

        The
unpaid portion of the lump sum Virtual Retirement Benefits shall be credited with earnings as of (i) the date the Deferred Profit Sharing Plan and the Retirement Plan
commenced distribution, or (ii) if the distributions have not commenced from the Deferred Profit Sharing Plan and the Retirement Plan, (A) prior to January 1, 2008, as of the
October 31, or (B) on or after January 1, 2008, as of the last day of the fiscal quarter preceding distribution from the Plan. Such credited earnings shall be based on the
ninety-day (90-day) Treasury bill rate in effect on the last day that such rates are published of the last day of the fiscal quarter preceding the distribution date. 

        Benefits
are payable under this Plan as specified below: 

	(i)
	A
Participant who Terminates on or before June 30, 2005 and elected to receive a distribution from the Deferred Profit Sharing Plan and Retirement Plan shall
receive a benefit on or after January 1, 2006 in accordance with an election made by such Participant. In the event that the Participant has not made an election prior to January 1,
2006, such Participant will receive a benefit on such payment date in the form of either (a) five (5) annual installments beginning on January 1, 2006 if such Participant's lump
sum equivalent of the Virtual Retirement Benefit as determined under this Section 5 is greater than one hundred fifty thousand dollars ($150,000), or (b) in a lump sum.

	(ii)
	A
Participant who Terminates on or after July 1, 2005 but prior to January 1, 2006 and elected to receive a distribution from the Deferred Profit Sharing
Plan and Retirement Plan shall receive a benefit on or after January 1, 2007 in accordance with the election made by the Participant. In the event that the Participant has not made an election
prior to January 1, 2006, such Participant will receive a benefit on such payment date in the form of either (a) five (5) annual installments beginning on January 1, 2007
if such Participant's lump sum equivalent of the Virtual Retirement Benefit as determined under this Section 5 is greater than one hundred fifty thousand dollars ($150,000), or (b) in a
lump sum.

	(iii)
	A
Participant who Terminates on or after January 1, 2006 but prior to January 1, 2008 shall commence to receive a benefit either (a) during the
month of January immediately following such Participant's Termination Date if such Termination Date occurs during the first six (6) months of the year, or (b) during the month of the
second January following the year in 

3

 

which
the Termination Date occurs if such Termination Date occurs during the second six (6) months of the year. The Participant will receive a benefit on such payment date in the form of either
(a) five (5) annual installments beginning if such Participant's lump sum equivalent of the Virtual Retirement Benefit as determined under this Section 5 is greater than one
hundred fifty thousand dollars ($150,000), or (b) in a lump sum. 

	(iv)
	A
Participant who Terminates on or after January 1, 2008 shall commence to receive a benefit either (a) during the month of January immediately following
such Participant's Termination Date if such Termination Date occurs during the first six (6) months of the year, or (b) during the month of July following the year of the Termination
Date if such Termination Date occurs during the second six (6) months of the year. The Participant will receive a benefit on such payment date in the form of either (a) five
(5) annual installments beginning if such Participant's lump sum equivalent of the Virtual Retirement Benefit as determined under this Section 5 is greater than the limit under
Section 402(g)(1)(B) of the Code for the year in which such distribution occurs; provided, however, that the limit shall be determined taking into account any other plan or arrangement with
respect to which deferrals of compensation are treated as having been deferred under a single nonqualified deferred compensation plan under Treasury Regulation §
1.409A-1(c)(2), or (b) in a lump sum. 

Any
distribution from the Plan will be subject to the following limitations: 

	(i)
	Any
annual installments shall be payable beginning in January or July, as provided in this paragraph (b), of the particular year; and

	(ii)
	The
amount of each annual installment shall be determined by dividing the unpaid balance as of the last day of the prior Plan Year by the sum of the annual payments
remaining to be made. 

        (c)   Death
of Participant.    If a Participant dies, without regard to whether he or she is employed by any member of the Affiliated
Group at the time of death, his or her Beneficiary shall be the individual (or individuals) designated on the form prescribed by the Committee (or, in the absence of such a designation, his or her
Beneficiary under the DPSP, or, in the absence of a DPSP benefit, his or her Beneficiary under the RP). Such Beneficiary shall be entitled to the unpaid portion (if any) of the Virtual Retirement
Benefit determined under Section 5(a). Participant's Virtual Retirement Benefit shall be distributed to the Beneficiary in the form and at the time prescribed by the Plan under
Section 5(b). 

        (d)   Specified
Employees.    Notwithstanding any other Plan provision, no payment to a "specified employee," as defined in Treasury
Regulation 1.409A-1(i) shall commence earlier than six (6) months after the date of such individual's Termination Date (except in the case of a Termination due to
death). The commencement of a validly elected payment should be delayed to the day that is at least six (6) months after such Termination Date. 

 
 

SECTION 6.    FUNDING POLICY AND METHOD  

        Benefits
and administrative expenses shall be paid as needed solely from the general assets of the Company. This Plan shall be unfunded within the meaning of Section 4(b)(5) of
ERISA. No contributions are required or permitted from any Participant. 

 
 

SECTION 7.    ADMINISTRATION  

        The
Plan shall be administered by the Committee. No member of the Committee shall become a Participant in the Plan. The Committee shall make such rules, interpretations and computations
as it may deem appropriate, and any decision of the Committee with respect to the Plan, including (without limitation) any determination of eligibility to participate in the Plan and any calculation
of benefits 

4

 

under
the Plan shall be conclusive and binding on all persons. Those responsibilities of the Committee that do not involve the exercise of its discretion may be performed on behalf of the Committee by
the Company through its employees. 

 
 

SECTION 8.    AMENDMENT AND TERMINATION OF THE PLAN  

        The
Company reserves the right to amend or terminate the Plan, subject to the requirements under Section 409A of the Code and the regulations promulgated thereunder, at any time
by resolution of the Company's Board of Directors or by resolution of any proper delegatee of the Company's Board of Directors. Participants will be given notice prior to the discontinuance of the
Plan or reduction of any benefits provided by the Plan. 

 
 

SECTION 9.    GENERAL PROVISIONS  

        (a)   Choice
of Law.    This Plan, and all rights under this Plan, shall be interpreted and construed in accordance with the law of the
State of California. 

        (b)   Assignment.    Except
to comply with a domestic relations order defined under Treasury Regulation
§ 1.409A-3(j)(4)(ii), the interest and property rights of any person in the Plan or in any payment to be made under the Plan shall not be subject to option nor be
assignable either by voluntary or involuntary assignment or operation of law, including (without limitation) bankruptcy, garnishment, attachment or other creditor's process, and any act in violation
of this Section 9(b) shall be void. 

        (c)   Number.    Except
as otherwise clearly indicated, the singular shall include the plural, and vice versa. 

        (d)   Headings
and Captions.    The headings and captions herein are provided for reference and convenience only and shall not be
considered part of the Plan nor shall they be employed in the construction of the Plan. 

        (e)   Competency
to Handle Benefits.    If, in the opinion of the Committee, any person becomes unable to properly handle any property
distributable to such person under the Plan, the Committee may make any reasonable arrangement for the distribution of Plan benefits on such person's behalf as it deems appropriate. Payment to anyone
described in this Section 9(e) will release the Company from all further liability to the extent of the payment made. 

        (f)    Severability
of Provisions.    If any provision of the Plan shall be held invalid or unenforceable, such invalidity or
unenforceability shall not affect any other provision hereof, and the Plan shall be construed and enforced as if such provision had not been included. 

        (g)   Tax
Withholding.    If any Federal or state tax withholding or payroll tax is required with respect to a Participant's Virtual
Retirement Benefit, the Committee shall make appropriate arrangements with the Participant for satisfaction of such obligation. 

        (h)   No
Employment Rights.    Nothing in the Plan, nor any action of the Committee or the Company pursuant to the Plan, shall be deemed
to give any person any right to remain in the employ of the Company or affect the right of the Company to Terminate a Participant's or other person's employment at any time, with or without cause. 

5

 
 
 

SECTION 10.    EXECUTION  

        To
record the adoption of the Plan as set forth herein, the Company has caused its Senior Vice President, General Counsel and Secretary to affix the Company's name and seal hereto this
27th day of November, 2007. 

        AGILENT
TECHNOLOGIES, INC. 

	By:	/s/ D. Craig Nordlund
	 	 
	D. Craig Nordlund,

Senior Vice President, General Counsel and Secretary

Agilent Technologies, Inc.	 	 

6

QuickLinks

Exhibit 10.25

AGILENT TECHNOLOGIES, INC. SUPPLEMENTAL BENEFIT RETIREMENT PLAN (Amended and Restated Effective January 1, 2005) SECTION 1. ESTABLISHMENT AND PURPOSE OF PLAN

SECTION 2. DEFINITIONS

SECTION 3. ELIGIBILITY AND PARTICIPATION

SECTION 4. VIRTUAL DPSP ACCOUNTS

SECTION 5. VIRTUAL RETIREMENT BENEFIT

SECTION 6. FUNDING POLICY AND METHOD

SECTION 7. ADMINISTRATION

SECTION 8. AMENDMENT AND TERMINATION OF THE PLAN

SECTION 9. GENERAL PROVISIONS

SECTION 10. EXECUTION

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