Document:

Exhibit 10.36

 

AGILENT TECHNOLOGIES, INC.

 

2009 Stock Plan

Stock Award Agreement (“Award Agreement”)

Under

The Long-Term Performance Program

 

Section 1.              Grant
of Stock Award.  This Stock Award Agreement, dated as of the
date of grant indicated in your account maintained by the company providing
administrative services in connection with the Plan (as defined below) (the “External
Administrator”), is entered into between Agilent Technologies, Inc. (the “Company”),
and you as an individual who has been granted Restricted Stock Units (the “Awardee”)
pursuant to the Agilent Technologies, Inc. 2009 Stock Plan (the “Plan”).  This Stock Award represents the right to
receive  the number of shares of
the Company’s $0.01 par value voting common stock indicated in the Awardee’s External
Administrator account subject to the fulfillment of the conditions set forth
below and pursuant to and subject to the terms and conditions set forth in the
Plan, the Long-Term Performance Program (“LTPP”) and the administrative rules thereunder.  Capitalized terms used and not otherwise
defined herein are used with the same meanings as in the Plan.

 

Section 2.              Performance
Period.  This Stock Award shall vest upon the
achievement of Objective Business Criteria (as set forth below) over a period
of three years from the date stated in Section 1 above.

 

Section 3.              Objective
Business Criteria.  This Stock Award shall not vest and no shares
of Common Stock will be issued to the Awardee until the Committee has certified
in writing that the Objective Business Criteria set forth under the LTPP have
been achieved or exceeded.

 

Section 4.              Nontransferability
of Stock Award.  This Stock Award shall not be transferable by
Awardee otherwise than by will or by the laws of descent and distribution.  The terms of this Stock Award shall be
binding on the executors, administrators, heirs and successors of Awardee.

 

Section 5.              Termination
of Employment or Service.

 

(a)           An Awardee who, whether
voluntarily or involuntarily, terminates from the Company or otherwise ceases
to be employed in a participating position at any time during a Performance
Period, shall not be eligible to receive a payout except as set forth in this Section 5.  Except as provided in this Section 5, in
order to receive payment of the Stock Award upon vesting, the Awardee must be
listed on the payroll of the Company or an Affiliate on the date when the Stock
Award is paid out.  Except as the
Committee may otherwise determine, termination of Awardee’s employment or
service for any reason shall occur on the date such Awardee ceases to perform
services for the Company or any Affiliate without regard to whether such
Awardee continues thereafter to receive any compensatory payments therefrom or
is paid

 

1

 

salary thereby in lieu
of notice of termination or, with respect to a member of the Board who is not
also an employee of the Company or any Subsidiary, the date such Awardee is no
longer a member of the Board.

 

(b)           An Awardee who dies or
terminates employment as a result of becoming totally and permanently disabled
during a Performance Period shall have paid to his or her estate or designated
beneficiaries or, in the case of disability, either (i) him or her or (ii) his
or her legally appointed guardian, at the end of the Performance Period, a
payout based on the full amount of the specified percentage of the Target Award
determined by the Committee under Section 3 for the full Performance
Period; except that, with respect to any Performance Period in which such death
or termination of employment occurs during the first 12 months of the
Performance Period, the payout for such Performance Period shall equal an
amount calculated by multiplying (a) the Award determined under Section 3
for the full Performance Period times (b) a fraction, the numerator of
which is the number of days from the beginning of the Performance Period to the
date of such death or termination of employment, and the denominator of which
is the number of days in the 12-month period.

 

(c)           Unless otherwise
required under local law, an Awardee who retires (in accordance with the
Company’s then current retirement policy) during a Performance Period shall, at
the end of the Performance Period, be entitled to receive his or her Long-Term
Performance Program payout based on the full amount of the specified percentage
of the Target Award determined by the Committee under Section 3 for the
full Performance Period; except that, with respect to any Performance Period in
which such retirement occurs during the first 12 months of the Performance
Period, the payout for such Performance Period shall equal an amount calculated
by multiplying (a) the amount determined 
under Section 3 for the full Performance Period times (b) a
fraction, the numerator of which is the number of days from the beginning of
the Performance Period to the date of such retirement, and the denominator of
which is the number of days in the 12-month period.

 

(d)           An Awardee who is
demoted from eligibility and accordingly ceases to be employed in a
participating position at any time during a Performance Period shall, at the
end of the Performance Period, be entitled to receive his or her Long-Term
Performance Program payout based on the full amount of the specified percentage
of the Target Award determined by the Committee under Section 3 for the
full Performance Period; except that, with respect to any Performance Period in
which such demotion occurs during the first 12 months of the Performance
Period, the payout for such Performance Period shall equal an amount calculated
by multiplying (a) the amount determined 
under Section 3 for the full Performance Period times (b) a
fraction, the numerator of which is the number of days from the beginning of
the Performance Period to the date of such demotion, and the denominator of
which is the number of days in the 12-month period.

 

(e)           An Awardee who
terminates employment at any time during a Performance Period under a Workforce
Management Program of the Company or its Subsidiary shall, at the end of the
Performance Period, be entitled to receive his or her Long-Term Performance
Program payout based on the full amount of the specified percentage of the
Target Award 

 

2

 

determined by the
Committee under Section 3 for the full Performance Period; except that,
with respect to any Performance Period in which such termination of employment
occurs during the first 12 months of the Performance Period, the payout for
such Performance Period shall equal an amount calculated by multiplying (a) the
amount determined  under Section 3
for the full Performance Period times (b) a fraction, the numerator of
which is the number of days from the beginning of the Performance Period to the
date of such termination of employment, and the denominator of which is the
number of days in the 12-month period.

 

(f)            In the event of a Change
In Control of the Company (as defined in Section 18(c) of the 2009
Stock Plan or any successor), an Awardee shall, at the earlier of the end of the
Performance Period or the termination date of the LTPP, be guaranteed to
receive a Long-Term Performance Program payout that is equivalent to the
greater of the Target Award or the accrued amount of the payout (i.e., the
amount accrued as the expected liability for this LTPP by the Company’s
corporate finance department); except that, with respect to any Performance
Period in which such Change in Control occurs during the first 12 months of the
Performance Period, the payout for such Performance Period shall equal an
amount calculated by multiplying (a) the amount determined  herein times (b) a fraction, the
numerator of which is the number of days from the beginning of the Performance
Period to the date of such Change in Control, and the denominator of which is
the number of days in the 12-month period.

 

Section 6.              Restrictions
on Issuance of Shares of Common Stock.  The Company shall not be obligated to issue
any shares of Common Stock pursuant to this Stock Award unless the shares are
at that time effectively registered or exempt from registration under the U.S.
Securities Act of 1933, as amended, and, as applicable, local laws.

 

Section 7.              Responsibility for Taxes.  Regardless
of any action the Company  or
Awardee’s employer (the “Employer”) takes with respect to any or all income tax,
social insurance, payroll tax or other tax-related withholding (the “Tax-Related
Items”), Awardee acknowledges that the ultimate liability for all Tax-Related
Items legally due by Awardee is and remains Awardee’s responsibility and that
the Company and/or the Employer (1) make no representations or
undertakings regarding the treatment of any Tax-Related Items in connection
with any aspect of the Stock Award, including the grant and vesting of the
Stock Award, the subsequent sale of shares of Common Stock acquired pursuant to
the Stock Award and the receipt of any dividends or other distributions, if
any; and (2) do not commit to structure the terms of the grant or any
aspect of the Stock Award to reduce or eliminate Awardee’s liability for
Tax-Related Items.

 

Awardee authorizes the
Company and/or the Employer to, in the sole discretion of the Company and/or
the Employer, withhold all applicable Tax-Related Items legally payable by
Awardee from Awardee’s wages or other cash compensation paid to Awardee by the
Company and/or the Employer, within legal limits, or from proceeds of the sale
of shares of Common Stock. 
Alternatively, or in addition, if permissible under local law, the
Company may in its sole discretion (1) sell or arrange for the sale of
shares of Common Stock that Awardee acquires to meet the withholding obligation
for Tax-Related Items, and/or (2) withhold in shares of Common Stock,
provided that the Company only withholds the amount of shares of Common Stock 

 

3

 

necessary to satisfy the
minimum withholding amount.  Finally,
Awardee shall pay to the Company or the Employer any amount of Tax-Related
Items that the Company or the Employer may be required to withhold as a result
of Awardee’s participation in the Plan or Awardee’s acquisition of shares of
Common Stock that cannot be satisfied by the means previously described.  The Company may refuse to deliver the shares
of Common Stock if Awardee fails to comply with Awardee’s obligations in
connection with the Tax-Related Items as described in this section.

 

Section 8.              Adjustment.  The number of shares of Common Stock subject
to this Stock Award and the price per share, if any, of such shares may be
adjusted by the Company from time to time pursuant to the Plan.

 

Section 9.              Nature of the Award.  By accepting this Stock
Award, Awardee acknowledges that:

 

(1)           the Plan is established
voluntarily by the Company, it is discretionary in nature and it may be
modified, amended, suspended or terminated by the Company at any time, unless
otherwise provided in the Plan and this Award Agreement;

 

(2)           the grant of the Stock Award
is voluntary and occasional and does not create any contractual or other right
to receive future grants of Stock Award, or benefits in lieu of Stock Awards,
even if Stock Awards have been granted repeatedly in the past;

 

(3)           all decisions with respect
to future Stock Award grants, if any, will be at the sole discretion of the
Company;

 

(4)           participation in the Plan
shall not create a right to further employment with the Employer and shall not
interfere with the ability of the Employer to terminate Awardee’s employment
relationship at any time;

 

(5)           participating in the Plan is
voluntary;

 

(6)           the Stock Award is an
extraordinary item that does not constitute compensation of any kind for
services of any kind rendered to the Company or the Employer, and which is
outside the scope of Awardee’s employment contract, if any;

 

(7)           the Stock Award is not part
of normal or expected compensation or salary for any purposes, including, but
not limited to, calculating any severance, resignation, termination,
redundancy, end of service payments, bonuses, long-service awards, pension or
retirement benefits or similar payments and in no event should be considered as
compensation for, or relating in any way to, past services to the Company or
the Employer;

 

(8)           in the event Awardee is not
an employee of the Company, the Stock Award will not be interpreted to form an
employment contract or relationship with the Company; and furthermore, the
Stock Award will not be interpreted to form an employment contract with the
Employer or any subsidiary or affiliate of the Company;

 

4

 

(9)           the future value of the
underlying shares of Common Stock is unknown and cannot be predicted with
certainty;

 

(10)         if Awardee accepts the Stock
Award and obtains shares of Common Stock, the value of those shares of Common
Stock acquired may increase or decrease in value;

 

(11)         in consideration of the
grant of the Stock Award, no claim or entitlement to compensation or damages
shall arise from termination of the Stock Award or diminution in value of the
Stock Award or shares of Common Stock acquired under the Stock Award resulting
from termination of Awardee’s employment by the Company or the Employer and
Awardee irrevocably releases the Company  and
the Employer from any such claim that may arise;

 

(12)         by accepting the grant of
this Stock Award, the Awardee and the Company agree that this Stock Award is
granted under and governed by the terms and conditions of the Plan and this
Award Agreement, and the Awardee acknowledges that he or she agrees to accept
as binding, conclusive and final all decisions or interpretations of the
Administrator upon any questions relating to the Plan and Award Agreement; and

 

(13)         the Awardee acknowledges
that this Award Agreement is between the Awardee and the Company, and that the
Awardee’s local employer is not a party to this Award Agreement.

 

Section 10.  Data
Privacy.  The Awardee explicitly and unambiguously
consents to the collection, use and transfer, in electronic or other form, of
the Awardee’s personal data as described in this document by and among, as
applicable, the Company, the Employer and the External Administrator for the
exclusive purpose of implementing, administering and managing Awardee’s
participation in the Plan.

 

Awardee
hereby understands that the Company and the Employer hold certain personal
information about the Awardee, including, but not limited to, Awardee’s name,
home address and telephone number, date of birth, or other identification
number, salary, nationality, job title, any shares of stock or directorships
held in the Company, details of all Stock Awards or any other entitlement to
shares of Common Stock awarded, canceled, exercised, vested, unvested or
outstanding in the Awardee’s favor, for the purpose of implementing,
administering and managing the Plan (“Data”). 
Awardee hereby understands that Data may be transferred to any third
parties (including the External Administrator) assisting in the implementation,
administration and management of the Plan, that these recipients may be located
in Awardee’s country or elsewhere, such as outside the European Economic Area and
that the recipient’s country may have different data privacy laws and
protections than Awardee’s country.  All
such transfers of Data will be in accordance with the Company’s Privacy Policies
and Guidelines.  Awardee hereby
understands that Awardee may request a list with the names and addresses of any
potential recipients of the Data by contacting Awardee’s local human resources
representative.  Awardee authorizes the
recipients to receive, possess, use, retain and transfer the 

 

5

 

Data,
in electronic or other form, for the purposes of implementing, administering
and managing the Awardee’s participation in the Plan, including any requisite
transfer of such Data as may be required to a broker or other third party with
whom Awardee may elect to deposit any Common Stock acquired upon vesting of the
Stock Award.  Awardee hereby understands
that Awardee may, at any time, view Data, request additional information about
the storage and processing of Data, require any necessary amendments to Data or
refuse or withdraw the consents herein, in any case without cost, by contacting
in writing Awardee’s local human resources representative.  Awardee hereby understands, however, that
refusing or withdrawing the Awardee’s consent may affect the Awardee’s ability
to participate in the Plan.  For more
information on the consequences of Awardee’s refusal to consent or withdrawal
of consent, Awardee understands that he or she may contact his or her human
resources representative responsible for Awardee’s country at the local or
regional level.

 

Section 11.            No Rights Until Issuance.  Awardee shall have no rights hereunder as a
shareholder with respect to any shares subject to this Stock Award until the
date that shares of Common Stock are issued to the Awardee.  The Committee in its sole discretion may
substitute a cash payment in lieu of shares of Common Stock, such cash payment
to be equal to the Fair Market Value of the Shares on the date that such Shares
would have otherwise been issued under the terms of the LTPP.

 

Section 12.            Administrative
Procedures.  Awardee agrees to follow the
administrative procedures that may be established by the Company and/or its
designated broker for participation in the Plan which may include a requirement
that the shares issued upon vesting be held by the Company’s designated broker
until the Awardee disposes of such shares. 
Awardee further agrees that the Company may determine the actual method
of withholding for Tax-Related Items as described in Section 7 above.  The method for acceptance of this Award will
vary in accordance with local law. 
Depending upon the country in which the Awardee works, he or she will
either have to use the electronic process set forth on the External Administrator’s
website and/or sign a hard-copy of the Award Agreement and then return it to
the Agilent Shareholder Records Department.

 

Section 13.            Governing Law and Venue.  This Award Agreement shall
be governed by and construed according to the laws of the State of Delaware
without regard to its principles of conflicts of laws as provided in the Plan.  Any proceeding arising out of or relating to
this Award Agreement or the Plan may be brought only in the state or federal
courts located in the Northern District of California where this grant is made
and/or to be performed, and the parties to this Award Agreement consent to the
exclusive jurisdiction of such courts.

 

Section 14.            Amendment.  This Stock Award may be amended as provided
in the Plan and the LTPP.

 

Section 15.            Language.  If the Awardee has received this or any other
document related to the Plan translated into a language other than English and
if the translated version is different than the English version, the English
version will control.

 

6

 

Section 16.            Electronic Delivery.  The Company may, in its sole
discretion, decide to deliver any documents related to the Stock Award granted
under (and participation in) the Plan or future awards that may be granted
under the Plan by electronic means or to request the Awardee’s consent to
participate in the Plan by electronic means. 
The Awardee hereby consents to receive such documents by electronic
delivery and, if requested, to agree to participate in the Plan through an
on-line or electronic system established and maintained by the Company or
another third party designated by the Company.

 

Section 17.            Severability.  The provisions of this Award Agreement are
severable and if any one or more provisions are determined to be illegal or
otherwise unenforceable, in whole or in part, the remaining provisions shall
nevertheless be binding and enforceable.

 

Section 18.            Section 409A
of the Code.

 

(a)           This Stock Award shall be administered, interpreted,
and construed in a manner that does not result in the imposition on the Awardee
of any additional tax, penalty, or interest under Section 409A of the
Code.  The preceding provision, however,
shall not be construed as a guarantee any particular tax effect and the Company
shall not be liable to the Awardee any payment made under this Stock Award that
is determined to result in an additional tax, penalty, or interest under Section 409A
of the Code, nor for reporting in good faith any payment made under any Award
as an amount includible in gross income under Section 409A of the Code.

 

(b)           “Termination of employment,” “resignation,” or words
of similar import, as used in this Stock Award means for purposes of payments
under this Award that are payments of deferred compensation subject to Section 409A
of the Code, the Awardee’s “separation from service” as defined in Section 409A
of the Code. To the extent any payment or settlement is a payment of deferred
compensation subject to Section 409A of the Code, the payment date for
purposes of Section 409A shall be the calendar year following the year in
which the Performance Period ends.

 

(c)           To the extent any payment or settlement that is a
payment of deferred compensation subject to Section 409A of the Code is
contingent upon a “change in control,” such payment or settlement shall only
occur if the event giving rise to the change in control would also constitute a
change in ownership or effective control of the Company, or a change in the
ownership of a substantial portion of the assets of the Company, within the
meaning of Section 409A of the Code. 
The vesting of any Award shall not be affected by the preceding
sentence.

 

(d)           If a payment obligation under this Stock Award arises
on account of the Awardee’s separation from service while the Awardee is a “specified
employee” (as defined in Section 409A of the Code), any payment of “deferred
compensation” (as defined under Treasury Regulation Section 1.409A-1(b)(1),
after giving effect to the exemptions in Treasury Regulation Sections 1.409A-1(b)(3) through
(b)(12)) that is scheduled to be paid within six (6) months after such
separation from service shall accrue without interest and shall be paid within
15 days after 

 

7

 

the end of the six-month period beginning on the date
of such separation from service or, if earlier, within 15 days after his or her
death.

 

Section 19.            Recoupment.  This Stock Award is subject to
the terms of the Agilent Technologies Executive Compensation Recoupment Policy
in the form approved by the Committee as the date of grant (the “Policy”), if
and to the extent that the Policy by its terms applies to the Stock Award and
the Awardee; and the terms of the Policy as of the date of grant are
incorporated by reference herein and made a part hereof.

 

Section 20.            Entire
Agreement.  The Plan is incorporated herein by
reference.  The Plan, the LTPP and this
Award Agreement constitute the entire agreement of the parties with respect to
the subject matter hereof and supersede in their entirety all prior
undertakings and agreements of the Company and Awardee with respect to the
subject matter hereof, and may not be modified adversely to the Awardee’s
interest except by means of a writing signed by the Company and the Awardee.

 

	
   

  	
  AGILENT TECHNOLOGIES, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By

  	
  /s/ William P. Sullivan

  
	
   

  	
  William P. Sullivan

  
	
   

  	
  President and Chief
  Executive Officer

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
  /s/ D. Craig Nordlund

  
	
   

  	
  D. Craig Nordlund

  
	
   

  	
  Senior Vice President,
  General Counsel and Secretary

  

 

Accepted
and agreed as to the foregoing:

 

AWARDEE

 

	
   

  	
   

  
	
  Signature

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Print
  Name

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Date
  Employee Number

  	
   

  

 

 

As
of December 2007, a hard-copy signature is required in the following
countries:

Brazil,
Germany, India, Israel, Italy, Japan, Malaysia, the Netherlands, Singapore,
Spain, and Switzerland. France and the United Kingdom must use country-specific
award agreements.

 

Please
fax all pages to Shareholder Records, fax number: (408) 345-8237

 

8

 

PRINT AND KEEP A COPY FOR YOUR RECORDS

 

9Exhibit
10.39

 

AGILENT TECHNOLOGIES, INC.

2005 DEFERRED COMPENSATION PLAN FOR NON-EMPLOYEE
DIRECTORS

 

(As Amended Through November 18,
2009)

 

Section 1.                                          Establishment and Purpose of Plan.

 

The
Agilent Technologies, Inc. 2005 Deferred Compensation Plan for Non-Employee
Directors (the “Plan”) was adopted and established effective as of November 1,
2004, was amended and restated effective March 20, 2007, and is hereby amended
and restated effective November 18, 2009. 
The Plan continues the program of deferred compensation embodied in the
document for the Agilent Technologies, Inc. Deferred Compensation Plan for
Non-Employee Directors (the “Prior Plan Document”) in a manner designed to
comply with Section 409A of the Code.

 

The Plan is intended to be an unfunded and unsecured
deferred compensation arrangement between the Non-Employee Director and
Agilent, in which the Non-Employee Director agrees to defer (a) a
percentage of the Non-Employee Director’s cash portion of his or her Annual
Retainer and/or Committee Fees; and/or (b) all or a portion of the Shares
subject to any Equity Award in exchange for Agilent’s unfunded and unsecured
promise to make a payment at a future date, as specified in Section 6.  In addition, this Plan
provides for the election by Non-Employee Directors of the timing of the
settlement of “Deferred Shares” (as that term is defined in the 1999 Agilent
Technologies, Inc. Non-Employee Director Stock Plan and the Agilent
Technologies, Inc. 2009 Stock Plan). 
Agilent retains the right, as provided
in Section 13, to amend or terminate the Plan at any time.  Unless otherwise defined in the Plan,
capitalized terms shall have the meanings set forth in Section 20.

 

Section 2.                                          Participation in the Plan.

 

All Non-Employee Directors are eligible to participate
in the Plan unless the Committee designates such Non-Employee Director as being
ineligible to participate in the Plan.

 

Section 3.                                          Timing and Amounts of Deferred
Compensation.

 

3.1                                        Annual
Retainer/Committee Fees Deferral.

 

(a)                                  Timing of Annual Deferrals. 
With respect to each Plan Year, a Director may elect to defer (i) a
percentage of the cash portion of his or her Annual Retainer payment and/or
Committee Fees otherwise becoming payable during such Plan Year; and/or (ii) all
or a portion of the Shares subject to any Equity Award during such Plan Year.  Such an election must be made on or before December 31,
or such earlier date established by the Committee, of the preceding the Plan
Year.  All such elections shall be made
in accordance with any procedures established by the Committee.  A newly elected or appointed Non-Employee
Director must make an initial deferral election, if any, within 30 days of
becoming a Non-Employee Director.

 

(b)                           Amount of
Annual Deferral.  A Non-Employee
Director may defer with respect to a Plan Year any portion, up to 100%, of any
cash Annual Retainer and/or Committee Fee payments to which he or she may
become entitled during such Plan Year, so long as such 

 

 

Deferred Amount is expressed in terms of a
dollar amount or a whole percentage point. 
After an effective deferral election is made by a Non-Employee Director,
the appropriate dollar amount will be deducted from the Annual Retainer or Committee
Fee, as the case may be, at the time that this amount would have otherwise been
paid.  In addition, a Director may defer
with respect to a Plan Year all or any portion of the Shares subject to an
Equity Award, so long as the election is made with respect to whole Shares or
such other election method as selected by the Committee and set forth in the
election form for the applicable Plan Year. 
Once an election is made to defer Shares from an Equity Award, the
Shares shall be withheld on the date the Shares would have otherwise been
transferred to the Director.  This Deferred
Amount shall be credited to the Non-Employee Director’s Deferral Account
pursuant to Section 4.

 

3.2                                        Timing of
Deferred Share Payments.  In
addition, with respect to each Plan Year, a Non-Employee Director may elect, on
or before December 31, or such earlier date established by the Committee,
of the preceding Plan Year, the form and timing of the distribution of any
Deferred Shares granted to the Non-Employee Director during that Plan Year.  The procedures for these elections are set
forth in Section 6.2, below.

 

3.3                                        Suspension.  A Non-Employee Director’s participation in
the Plan shall be suspended for any period during which he or she ceases to
qualify as a Non-Employee Director, but is then an employee of Agilent or one
of its affiliates.  However, during such
suspension period, the Non-Employee Director’s Deferral Account shall continue
to share in the Plan.

 

Section 4.                                          Deferral Accounts.

 

Amounts deferred pursuant to Section 3.1
shall be credited to a Deferral Account in the name of the Non-Employee
Director as of the later of (i) the first trading day on or after March 1
of each Plan Year; and (ii) the first trading day following the annual
stockholders meeting (the “Initial Deferral Date”).  The Non-Employee Director’s right with
respect to a deferral of his or her Annual Retainer and/or Committee Fees pursuant
to Section 3.1(a) shall vest on the dates (the “Vesting Dates”) such amounts
would otherwise have been paid to the Non-Employee Director.  The Non-Employee Director’s rights and any
Vesting Dates with respect to a deferral of any Shares under an Equity Award
shall be determined based on the terms of the applicable grant agreement and/or
plan document governing such award.  If
the Non-Employee Director ceases to be a Non-Employee Director for any reason at
any time prior to a Vesting Date, he or she shall forfeit any amounts credited
to his or her Deferral Account which have not become fully vested prior to such
Vesting Date effective as of the date on which the Non-Employee Director ceases
to be a Non-Employee Director.  The Non-Employee
Director’s rights in the Deferral Account shall be no greater than the rights
of an unsecured general creditor of Agilent. 
Deferred Amounts credited hereunder shall for all purposes be part of
the general funds of Agilent.  Any payout
to a Non-Employee Director of amounts credited to a Non-Employee Director’s
Deferral Account is not due until the Payout Commencement Date.

 

Section 5.                                          Investment of Deferred Amounts;
Dividends

 

5.1                                        Investment of
Deferred Amounts.  Amounts deferred
pursuant to Section 3 above shall be deemed to be invested wholly in
Shares.

 

5.2                                        Determination
of Number of Shares.  With respect
to each Plan Year, the number of additional Shares in which a Non-Employee
Director’s Deferral Account is deemed to be 

 

2

 

invested shall be determined
by dividing the dollar value of the Deferred Amount by the Share’s Twenty (20)
Day Average Fair Market Value for the applicable Initial Deferral Date and adding the number of Shares subject
to an Equity Award that were selected for deferral by the Non-Employee Director
pursuant to a completed and timely filed deferral election form.

 

5.3                                        Timing of
Investment.  With
respect to all Plan Years commencing after January 1, 2009, the deemed investment
of the Non-Employee Directors’ Deferred Amounts in Shares will be made
automatically on the Initial Deferral Date and will be subject to the vesting
conditions set forth in Section 4 (and, with respect to the Deferred
Shares, the terms of the agreement (and/or plan document) governing the award
of the Deferred Shares).

 

5.4                                        Dividends.  A Non-Employee Director’s Deferral Account
will be credited with dividend equivalents; provided, however, that Deferred
Shares and/or Shares subject to an Equity Award will be credited with dividend
equivalents in accordance with the terms of the relevant plan and/or agreement
governing such Deferred Shares or Equity Awards.  To the extent that dividend equivalents are
credited with respect to Deferred Amounts, Deferred Shares or Shares subject to
an Equity Award that are deferred under the Plan, such dividend equivalents
shall be credited until such amounts are paid out to the Non-Employee Director
under this Plan as set out in Section 6. 
All dividend equivalents shall be added to the liability of and retained
therein by Agilent.  Any such addition to
the liability shall be appropriately reflected on the books and records of
Agilent and identified as an addition to the total sum owing the Non-Employee Director.  All such dividend equivalents shall be treated
as being automatically reinvested in additional Shares.  However, such additional Shares shall not be
treated as being fully vested until the underlying Shares have vested in
accordance with Section 4.

 

Section 6.                                          Payout to Non-Employee Directors.

 

6.1                                        Payment of
Deferral Account.  If a Non-Employee
Director’s total Deferral Account balance is equal to or greater than $25,000
on the Termination Date, the form and commencement of the portion of the Non-Employee
Director’s Deferral Account shall be made in accordance with the Non-Employee
Director’s election at the time of deferral and this Section 6.1.  If a Non-Employee Director’s total Deferral
Account balance is less than $25,000 on the Termination Date, the form of
payment shall be a lump sum payout in the first pay period in January of
the year following the Termination Year. 
A Non-Employee Director may make a separate payout election prior to the
commencement of each Plan Year with respect to the Deferral Amount (and
earnings) or any Shares subject to an Equity Award attributable to that Plan
Year.  If a valid election under this Section 6.1
is not made with respect to any Plan Year, and the Non-Employee Director’s
total Deferral Account is equal to or greater than $25,000 on the Termination
Date, then the Non-Employee Director shall receive payout of his or her Deferred
Account in annual installments over the fifteen (15) year period beginning in
the first pay period in January following the Termination Year.

 

6.2                                        Payment of
Deferred Shares.  The
Committee may permit a Non-Employee Director to make a separate election to
receive his or her Deferred Shares following the Non-Employee Director’s
Termination Date in either a lump sum or installments over a five (5) to
fifteen (15) year period and commence such payments on a Payout Commencement
Date as described in Sections 6.3(a) and (b).  Such an election must be made in accordance
with the provisions of Section 409A of the Code and the regulations promulgated
thereunder.  If a valid election is not
made in accordance with Section 3.2 and this Section 6.2 with respect
to the time 

 

3

 

and form of payment of Deferred Shares, such
Deferred Shares shall be paid in accordance with the terms of the governing
documents of such award, including, but not limited to the award agreement, plan
document and/or other documents governing the award of the Deferred Shares.

 

6.3                                        Payment
Elections.

 

(a)                                  Form of
Payout.  A Non-Employee Director making
a valid election under this Section 6, may elect to receive his or her
Deferral Account or Deferred Shares (plus applicable dividend equivalents, if
any) as either (i) a lump sum payout, or (ii) a payout in annual
installments over a five (5) to fifteen (15) year period.  Payment shall be made in the form of Shares.

 

(b)                                 Commencement of
Payout.  A Non-Employee Director making
a valid election under this Section 6 may elect his or her Payout
Commencement Date under either the lump sum or installment election method
elected in Section 6.3(a), as the first pay period in January (the “Initial
Potential Payment Date”) following the Termination Year or the first pay period
in January following the first, second or third anniversary of the Initial
Potential Payment Date.

 

6.4                                        Dividend
Equivalents.  Whatever
the form of payout under Section 6, and whatever the timing of the Payout
Commencement Date, the Deferral Account of a Non-Employee Director shall, to
the extent such amounts are entitled to be credited with dividend equivalents, continue
to be credited with dividend equivalents until all amounts in such an account
are paid out to the Non-Employee Director.

 

6.5                                        Death Benefits.  If a Non-Employee Director dies prior to
receipt of his or her Deferral Account and/or Deferred Shares, the Beneficiary
of the Non-Employee Director shall receive payment of the Non-Employee Director’s
Deferral Account and/or Deferred Shares (plus earnings) at the same time and in
the same form as the Non-Employee Director would have received payment.

 

6.6                                        Committee
Discretion. 
Notwithstanding anything in this Section 6 to the contrary, the
Committee shall have the discretion to modify the availability and timing of a
valid election, and the timing, form and amount of any payout, in any manner it
deems appropriate (except that a Non-Employee Director who is then serving as a
member of the Committee may not participate in any such decision that affects
his or her Deferral Account); provided, however, that any alteration must
comply with Section 409A of the Code, and any alteration with respect to a
“covered officer” (within the meaning of Section 162(m) of the Code)
must be consistent with the requirements for deductibility of compensation
under Section 162(m) of the Code.

 

Section 7.                                          Section 409A Compliance.

 

Amounts payable pursuant to this Plan are intended
to comply with, or otherwise be exempt from, Section 409A of the Code and
shall be construed, administered and interpreted with that intent.  Any payment which is payable as a result of a
Non-Employee Director’s termination of service that constitutes a “deferral of
compensation” for purposes of Section 409A of the Code shall not be paid
unless and until the Participant incurs a “separation from service” for purposes
of Section 409A of the Code.  In
addition, to the extent an amount which constitutes a deferral of compensation
which is distributable to a Non-Employee Director who is a 

 

4

 

“specified employee” (as defined in Section 409A of the Code),
such amount shall not be distributed to the Non-Employee Director before the
date (the “Delayed Payment Date”) which is the first day of the seventh month
after the date of the Non-Employee Director’s separation from service or, if
earlier, the date of the Non-Employee Director’s death following such
separation from service.  All such
amounts that would, but for this Section 7, become distributable prior to
the Delayed Payment Date will be accumulated and paid on the Delayed Payment
Date.

 

Section 8.                                          Hardship Provision for
Unforeseeable Emergencies.

 

Neither the Non-Employee Director nor his or her
Beneficiary is eligible to withdraw amounts credited to a Deferral Account
prior to the time specified in Section 6. 
However, such credited amounts may be subject to early withdrawal if (1) an
unforeseeable emergency occurs that is caused by a sudden and unexpected
illness or accident of the Non-Employee Director, the Non-Employee Director’s
spouse, the Beneficiary, or of a dependent (as defined in Section 152(a) of
the Code without regard to Section 152(b)(1), 152(b)(2) or 152(d)(1)(B) of
the Code) of the Non-Employee Director, loss of the Non-Employee Director’s
property due to casualty, or other similar extraordinary and unforeseeable
circumstances arising as a result of events beyond the Non-Employee Director’s control,
(2) such circumstances would result in severe financial hardship to the
individual if early withdrawal is not permitted, and (3) any other
requirements established under the Code and regulations promulgated thereunder,
applying the standards established under Section 457 of the Code and the
regulations promulgated thereunder, are satisfied.  A severe financial hardship exists only when
all other reasonably available financial resources have been exhausted,
including but not limited to (1) reimbursement or compensation by
insurance or otherwise, (2) liquidation of the Non-Employee Director’s
assets, to the extent that liquidation of such assets would not itself cause
severe financial hardship, or (3) cessation of deferrals under the Plan.   Examples of what are not considered to be
unforeseeable emergencies include the need to send a Non-Employee Director’s
child to college or the desire to purchase a home.

 

The Committee shall have sole discretion to
determine whether to approve any hardship withdrawal, which amount will be
limited to the amount necessary to meet the emergency.  The Committee’s decision is final and binding
on all interested parties.  A Non-Employee
Director who is then serving as a member of the Committee shall not vote on
whether or not he or she is eligible for such a hardship withdrawal.

 

Section 9.                                          Designation of Beneficiaries.

 

The Non-Employee Director shall, in
accordance with procedures established by the Committee, (1) designate one
or more Beneficiaries hereunder, and (2) shall have the right thereafter
to change such designation.  No
designation of a Beneficiary shall be effective unless it is provided in
accordance with the procedures established by the Committee and received by
Agilent prior to the Non-Employee Director’s death.  In the case of a Non-Employee Director’s
death, payment due under this Plan shall be made to the designated Beneficiary
or Beneficiaries or, in the absence of such designation, by will or the laws of
descent and distribution in the Non-Employee Director’s state of residence at
the time of his or her death.

 

5

 

Section 10.                                   Limitation on Assignments.

 

Benefits under this Plan are not subject to
anticipation, alienation, sale, transfer, assignment, pledge, encumbrance,
attachment or garnishment by creditors of the Non-Employee Director or the Non-Employee
Director’s Beneficiary and any attempt to do so shall be void.  Notwithstanding the foregoing, the Committee
may comply with a valid domestic relations order pursuant to the provisions set
forth in Treasury Regulations § 1.409A-3(j)(4)(ii).

 

Section 11.                                   Administration.

 

11.1                                  Administration
by Committee.  The
Committee shall administer the Plan. 
Notwithstanding any provision of the Plan to the contrary, no member of
the Committee shall be entitled to vote on any matter which would create a
significant risk that such member could be treated as being in constructive
receipt of some or all of his or her Deferral Account.  The Committee shall have the sole  authority to interpret the Plan, to establish and revise rules and
regulations relating to the Plan and to make any other determinations that it
believes necessary or advisable for the administration of the Plan. Decisions
and determinations by the Committee shall be final and binding upon all
parties, including shareholders, Non-Employee Directors,  Beneficiaries  and other employees.  The Committee may delegate
its administrative responsibilities, as it deems appropriate.

 

11.2                                  Books and
Records.  Books and records maintained
for the purpose of the Plan shall be maintained by the officers and employees
of Agilent at its expense and subject to supervision and control of the Committee.

 

Section 12.                                   No Funding Obligation.

 

Agilent is under no
obligation to transfer amounts credited to the Non-Employee Director’s Deferral
Account to any trust or escrow account, and Agilent is under no obligation to
secure any amount credited to a Non-Employee Director’s Deferral Account by any
specific assets of Agilent or any other asset in which Agilent has an
interest.  This Plan shall not be
construed to require Agilent to fund any of the benefits provided hereunder nor
to establish a trust for such purpose. 
Agilent may make such arrangements as it desires to provide for the
payment of benefits, including, but not limited to, the establishment of a
grantor trust or such other equivalent arrangements as Agilent may decide.  No such arrangement shall cause the Plan to
be a funded plan within the meaning of Title I of ERISA, nor shall any such
arrangement change the nature of the obligation of Agilent nor the rights of
the Non-Employee Directors under the Plan as provided in this document.  Neither the Non-Employee Director nor his or
her estate shall have any rights against Agilent with respect to any portion of
the Deferral Account except as a general unsecured creditor.  No Non-Employee Director has an interest in
his or her Deferral Account until the Non-Employee Director actually receives
the deferred payment; provided, that Agilent may, in its sole discretion and in
accordance with applicable law, make arrangements to allow a Non-Employee
Director to direct the voting of Shares deemed to be credited to the Non-Employee
Director’s Deferral Account.

 

Section 13.                                   Amendment and Termination of the
Plan.

 

Agilent, by action of the
Committee, in its sole discretion may suspend or terminate the Plan or revise
or amend it in any respect whatsoever; provided, however, that amounts already 

 

6

 

credited to Deferral Accounts will continue to be owed
to the Non-Employee Directors or Beneficiaries and continue to be a liability
of Agilent.  Any amendment or termination
of the Plan will not affect the entitlement of any Non-Employee Director or the
Beneficiary of a Non-Employee Director who terminates service before the
amendment or termination.  All benefits
to which any Non-Employee Director or Beneficiary may be entitled shall be
determined under the Plan as in effect at the time the Non-Employee Director
terminates service and shall not be affected by any subsequent change in the
provisions of the Plan; provided, however, that Agilent reserves the right to
change the basis of return on investment of the Deferral Account with respect
to any Non-Employee Director or Beneficiary. 
Non-Employee Directors or Beneficiaries will be given notice prior to
the discontinuance of the Plan or reduction of any benefits provided by the
Plan. Notwithstanding any other provision of the Plan, Agilent may without Non-Employee
Director or Beneficiary consent amend the Plan or change the Plan’s
administrative rules and procedures to comply with Section 409A of
the Code.

 

Section 14.                                   Adjustment on Changes in
Capitalization.

 

If
any change, such as a stock split or dividend, is made in Agilent’s
capitalization, and the change results in an increase or decrease in the number
of issued shares of common stock without receipt of consideration by Agilent,
an appropriate adjustment shall be made in the corresponding number of Shares
payable under the Plan.

 

Section 15.                                   Tax Withholding.

 

If Agilent concludes that Tax is owing with
respect to any deferral of income or payment hereunder, Agilent shall withhold
such amounts from any payments due the Non-Employee Director, or otherwise make
appropriate arrangements with the Non-Employee Director or his or her
Beneficiary for satisfaction of such obligation.

 

Section 16.                                   Choice of Law.

 

This Plan shall be interpreted and construed
in accordance with the laws of the State of California, excluding the conflicts
of laws provisions thereof, and is not subject to ERISA.

 

Section 17.                                   Notice.

 

Any written notice to Agilent required by any of the
provisions of this Plan shall be addressed to the chief personnel officer of
Agilent or his or her delegate and shall become effective when it is received.

 

Section 18.                                   No Rights to Continued Service.

 

Nothing in the Plan nor any action of Agilent pursuant
to the Plan, shall be deemed to give any person the right to continued service
as a member of the Board of Non-Employee Directors of Agilent or affect the
right of the Board of Non-Employee Directors of Agilent and/or Agilent’s
shareholders to remove an individual from the Agilent Board of Non-Employee
Directors in accordance with the General Corporation Law of the State of
Delaware, Agilent’s governing documents, including Agilent’s Articles of
Incorporation and Bylaws, and any other applicable law.

 

7

 

Section 19.                                   Severability of Provisions.

 

If
any particular provision of this Plan is found to be invalid or unenforceable,
such provision shall not affect any other provisions of the Plan, but the Plan
shall be construed in all respects as if such invalid provision had been
omitted.

 

Section 20.                                   Definitions.

 

20.1                                  Agilent means Agilent
Technologies, Inc., a Delaware corporation, and any business entity within
the Agilent consolidated group.

 

20.2                                  Annual Retainer shall mean the
amount to which a Non-Employee Director will be entitled to receive for serving
as a Non-Employee 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 Agilent.

 

20.3                                  Beneficiary means the
person or persons designated by a Non-Employee Director pursuant to Section 9,
in accordance with and accepted by Agilent, to receive any amounts payable
under the Plan in the event of the Non-Employee Director’s death.

 

20.4                                  Board means the
Board of Directors of Agilent.

 

20.5                                  Code means the
Internal Revenue Code of 1986, as amended from time to time.

 

20.6                                  Committee means the
Compensation Committee of the Board or its delegate.

 

20.7                                  Committee Fee shall mean the
amount to which a Non-Employee Director will be entitled to receive for serving
as the chairperson or member of a committee of the Board in a relevant Plan
Year, but shall not include reimbursement for expenses associated with service
on any such committee of the Board.

 

20.8                                  Deferral
Account means the account balance of a Non-Employee Director in the Plan
created from Deferred Amounts or deferral of Shares subject to an Equity Award.

 

20.9                                  Deferred Amount means the monetary
amount the Non-Employee Director elects to have deferred from his or her Annual
Retainer and Committee Fees.

 

20.10                            Deferred Shares has the meaning set forth in the 1999 Agilent
Technologies, Inc. Non-Employee Director Stock Plan and the 2009 Agilent
Technologies, Inc. Stock Plan.

 

20.11                            Equity Award means any “Award”
(as defined under the Stock Plan) granted and earned during a Plan Year.

 

20.12                            ERISA means the
Employee Retirement Income Security Act of 1974, as amended from time to time.

 

20.13                            Fair Market
Value.  For purposes of this Plan, the
term “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) 

 

8

 

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.

 

20.14                            Non-Employee
Director means an individual who is serving as a member of
Agilent’s Board of Directors and who is not then an employee of Agilent or any
of Agilent’s affiliates.

 

20.15                            Payout
Commencement Date means the date on which the payout to a Non-Employee
Director of Deferred Shares and/or amounts credited to his or her Deferral
Account first commences.

 

20.16                            Plan means the
Agilent Technologies, Inc. 2005 Deferred Compensation Plan for
Non-Employee Directors.

 

20.17                            Plan Year shall mean the
one-year period beginning on March 1 and ending on the next subsequent February 28,
or February 29, as the case may be.

 

20.18                            Shares mean shares of
the common stock of Agilent Technologies, Inc.

 

20.19                            Stock Plan means the
Agilent Technologies 2009 Stock Plan, and any successor plan thereto.

 

20.20                            Tax or (Taxes) means any
federal, state, local, or any other governmental income tax, employment tax,
payroll tax, excise tax, or any other tax or assessment owing with respect to
amounts deferred, any Earnings thereon, and any payments made to Non-Employee
Directors or Beneficiaries under the Plan.

 

20.21                            Termination
Date means the date on which the Non-Employee Director incurs a “separation
from service” within the meaning of Section 409A of the Code and the
regulations promulgated thereunder.

 

20.22                            Termination
Year means the calendar year within which a Non-Employee Director’s
Termination Date falls.

 

20.23                            Twenty Day
Average Fair Market Value shall be the average Fair Market Value of a Share
for a period of twenty (20) consecutive trading days ending as soon as
practicable immediately preceding the applicable Initial Deferral Date.

 

9

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