Document:

First Amendment to Letter of Credit Reimbursement Agreement

 Exhibit 10.47 
 FIRST AMENDMENT TO 
 LETTER OF CREDIT REIMBURSEMENT AGREEMENT 
 This First Amendment (“First Amendment”), dated as of December 19, 2005, to the agreement for an uncommitted line of credit for loans and
letters of credit (the “Agreement”) dated as of April 20, 2004 between KBC Bank N.V. (the “Bank”) and Oneok, Inc. (the “Borrower”). 
 WHEREAS, pursuant to the Agreement, the Bank has extended an uncommitted line of credit for loans and letters of credit for the account of the Borrower (the “Credit Facility”); and 
 WHEREAS, the Borrower has requested, and the Bank has approved, an increase in the Credit Facility from Ten Million U.S. Dollars to Fifteen Million U.S.
Dollars; and 
 WHEREAS, the Borrower has requested the Bank to issue letters of credit for its account on behalf of subsidiaries and
affiliates of the Borrower, with the Borrower issuing a guarantee for reimbursement obligations with respect to such letters of credit; and 
 WHEREAS, the Bank is willing to increase the Credit Facility and amend the Agreement upon the terms and conditions hereinafter provided in order to accommodate the Borrower’s request: 
 NOW THEREFORE, in consideration of the foregoing and the undertakings herein set forth, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Borrower and the Bank hereby agree, as follows: 
 1. Definitions. As used herein
and in the Agreement, the term “Agreement” shall mean the Agreement as amended by this Amendment. All terms used herein and not otherwise defined herein shall have the meanings ascribed to such terms in the Agreement. 
 2. Amendments to the Agreement. 
 (a)        The first paragraph of the Agreement is hereby amended by deleting the amount “Ten Million United States Dollars ($10,000,000.00) and inserting in its place “Fifteen Million
United States Dollars ($15,000,000.00); 
 (b)        Section 1.1 of the Agreement is hereby
amended by adding the following definitions in the appropriate alphabetical order: 
 (i) “‘Guarantee’ means the corporate
guarantee issued by the Borrower; 
 (ii) ‘Maximum Credit Amount’ means $15,000,000.00. 
 (ii) ‘Controlled’ means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of
a person, whether through the exercise of voting power, by contract or otherwise. Controlled has the meaning correlative thereto. ‘ 
 (iii) ‘Related Entity’ means any corporation, limited liability company, partnership, association or other entity that is directly or indirectly controlled by the Borrower.” 

 (c) The definition of “Letter of Credit” contained in Section 1.1 of the Agreement is
hereby amended and restated in its entirety to read as follows: 
 “ ‘Letter of Credit’ means a letter of
credit issued by the Bank at the request of the Borrower on behalf of the Borrower and/or any Related Entity, pursuant to this Agreement, whether as originally issued or as the same may from time to time be supplemented, modified, amended, renewed
or extended.” 
 (d) Section 2.5 is hereby amended by amending and restating the first sentence in its entirety to read as follows:

 “The Obligations of the Borrower to repay any and all Loans shall be evidenced by an amended and restated master promissory note (the
“Note”) of the Borrower payable to the order of the Bank, substantially in the form attached hereto as Exhibit “A.” 
 (e) Section 3.1 of the Agreement is hereby amended and restated as follows: 
 “3.1 Issuance of Letters
of Credit. Upon the Borrower’s request as provided herein, the Bank in its sole discretion may, but shall not be obligated to, open or cause to be opened Letters of Credit for the Borrower’s account on behalf of the Borrower and/or any
Related Entity. To request the issuance of a Letter of Credit (or amendment, renewal or extension of an outstanding Letter of Credit), the Borrower shall deliver by courier, U.S. mail, telecopy, or telephone confirmed in writing to the Bank no later
than five (5) Business Days in advance of the requested date of issuance, amendment, renewal or extension an irrevocable written notice requesting the issuance of a Letter of Credit or identifying the Letter of Credit to be amended, renewed or
extended, and specifying: (i) the date of issuance, amendment, renewal or extension (which shall be a Business Day); (ii) the amount of the Letter of Credit requested; (iii) the name and address of the beneficiary thereof;
(iv) the date on which such Letter of Credit is to expire; (v) the full text of any certificate or statement to be presented in the case of any drawing thereunder; (vi) the documents to be presented by the beneficiary of such Letter
of Credit in the case of a drawing thereunder; (vii) a summary description of the transaction in connection with which the Letter of Credit is requested; (viii) the identity of the party (Borrower and/or Related Entity) on whose behalf
such Letter of Credit is to be issued; and (ix) such other information as shall be necessary to prepare, amend, renew or extend such Letter of Credit.” 
 (d) Article III is hereby amended by adding the following new Section 3.5: 
 “Section 3.5 Scope of Obligations. The Borrower shall be responsible for the performance and payment of all Obligations, including without limitation the reimbursement obligations contained in Section 3.2 hereto relating to
the issuance and maintenance of Letters of Credit issued on the behalf of any of the Related Entities.” 
  

	 	3.	Conditions Precedent. As a condition to the amendments provided in paragraph 2, the Borrower shall execute and deliver to the Bank: (a) a counterpart of this First
Amendment and the Guarantee Agreement, both duly executed by the Borrower; (b) a certificate of the Secretary of the Borrower certifying the names, incumbency and signatures of the officers of the Borrower authorized to execute this First
Amendment and the Guarantee Agreement; and (c) such additional documents, agreements and instruments, and to take such additional actions, as the Bank may reasonably request to effectuate the terms of this First Amendment.

 4. Master Promissory Note. The Master Promissory Note, dated April 20, 2004, in the principal
amount of $10,000,000.00 made by the Borrower in favor of the Bank (the “Prior Note”), shall be replaced and superseded by an Amended And Restated Promissory Note, substantially in the form attached hereto as Exhibit A (the
“Note”). The Bank shall return the Prior Note, duly marked “Cancelled”, to the Borrower at the time that the Note is executed and delivered to the Bank. 
 5. Representations and Warranties. The Borrower hereby represents and warrants that: 
 (a) The representations and warranties made by the Borrower in the Agreement and the documents delivered in connection therewith are true and correct on
and as of the date of this First Amendment. No Default or Event of Default under the Agreement has occurred and is continuing on the date of this First Amendment 
 (b) This First Amendment has been duly authorized by all requisite action on behalf of the Borrower and constitutes the legal, valid and binding obligation of the Borrower, enforceable against the Borrower in
accordance with its terms, except to the extent the same may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws or equitable principles affecting creditors’ rights generally. 
 (c) The Borrower has obtained all consents and approvals necessary to its execution and delivery of this First Amendment. 
 6. Governing Law. This First Amendment shall be governed by and construed and enforced in accordance with the laws of the State of New York

 7. Costs and Expenses. The Borrower hereby agrees to pay on demand all out-of-pocket costs and expenses of the Bank in connection
with the preparation, execution and delivery of this First Amendment, including without limitation, the reasonable fees and expenses of outside counsel for the Bank with respect thereto. 
 8. Counterparts. This First Amendment may be executed in one or more counterparts, each of which shall constitute an original First Amendment and
all of which together shall constitute one and the same First Amendment. 
 9. Effect. Upon the execution and delivery of this First
Amendment, the Agreement shall be deemed to be amended as set forth in this First Amendment. All of the provisions of the Agreement shall remain in full force and effect as amended by the First Amendment. 
 IN WITNESS WHEREOF, the Borrowers and the Bank have caused this Agreement to be duly executed and delivered as of the date first above written.

 (Signatures continue on next page) 

					
	ONEOK, INC.
		
	By:	 	 /s/ Caron A. Lawhorn

		 	Name:	 	Caron A. Lawhorn
		 	Title:	 	 Senior Vice President –
 Financial Services
and
 Treasurer

  
  
  
  
 This execution page is part
of the First Amendment dated as of December 19, 2005 to the letter agreement dated as of April 20, 2004 between Oneok, Inc., as Borrower and KBC Bank N.V., New York Branch. 

					
	 KBC BANK N.V., NEW YORK BRANCH

  

					
		
	By:	 	 /s/ Eric Raskin

		 	Name:	 	Eric Raskin
		 	Title:	 	Vice President
		
	By:	 	 /s/ Robert Snauffer

		 	Name:	 	Robert Snauffer
		 	Title:	 	First Vice President

  
  
 This execution page is part of the First Amendment dated as of December 19, 2005 to the letter agreement dated as of April 20, 2004 between Oneok, Inc., as Borrower and KBC Bank N.V., New York Branch

 Exhibit A 
 AMENDED AND RESTATED 
 MASTER PROMISSORY NOTE 
  

					
	U.S.$ 15,000,000.00	  		  	New York, New York
		  		  	Date: December 19, 2005

 FOR VALUE RECEIVED, ONEOK, INC., a corporation duly organized and validly existing under
the laws of the State of Oklahoma (the “Borrower”), unconditionally promises to pay to the order of KBC BANK N.V. (the “Bank”), at 125 West 55th Street, New York, New York 10019, or such other place as the holder hereof
may hereafter designate in writing, the principal sum of Fifteen Million Dollars (US $15,000,000.00) or, if less than such amount, the aggregate unpaid principal amount of all loans and advances (the “Loans”) made by the Bank to the
Borrower from time to time under the uncommitted line of credit established by that certain letter agreement dated as of April 20, 2004, as amended (the “Agreement”), in lawful money of the United States of America and in immediately
available funds. Each Loan made hereunder shall be due and payable on the maturity date agreed upon by the Borrower and the Bank. 
 The
Borrower shall also pay interest to the Bank, in like money, on the aggregate principal balance of each Loan from the date of making such Loan to the date of repayment thereof at the rate per annum mutually agreed upon by the Borrower and the Bank
at the time of each borrowing. Interest on each Loan shall be computed on a daily basis for the actual number of days elapsed over a year of 360 days. Accrued interest on each Loan shall be payable in arrears on (a) the Maturity Date of such
Loan, (b) when such Loan is prepaid and (c) upon acceleration in case of an Event of Default. 
 In no event shall the rate of
interest under this Note exceed the maximum rate of interest permitted at that time under applicable law. If the interest collected by the Bank exceeds the maximum amount permitted by such laws, such excess shall be deemed received on account of,
and shall automatically be applied to reduce the principal balance of the Loans. 
 This Note is issued under and is subject to the terms of
the Agreement, which terms are hereby incorporated herein by reference. 
 The Bank is authorized to record the date, amount, interest rate
and interest period of each Loan, and the date and amount of each payment thereof on Schedule A attached hereto and made a part hereof; the Bank may add additional pages to such Schedule as necessary. Such recordation shall constitute prima facie
evidence of the information so recorded; provided, however, that the Bank’s failure to make any such recordation shall not affect the 

 
Bank’s rights with respect to any Loan or the Borrower’s obligation to pay the principal of and accrued interest on all Loans with this Note.

 The holder of this Note at its option may extend the time for payment of this Note, postpone the enforcement hereof, or grant any other
indulgences, without affecting or diminishing the holder’s right to recourse against the Borrower or any endorsers, sureties or guarantors, which right is expressly reserved. 
 This Note may not be modified, changed, or terminated orally, but only by an agreement in writing signed by the Borrower and the Bank. No act, failure,
or delay by the Bank shall constitute a waiver of any of its rights and remedies. Any written waiver shall be applicable only in the specific instance for which it is given. 
 The terms and provisions of this Note shall inure to the benefit of, and be binding upon, each of the Borrower and the Bank and their respective
successors and assigns; provided, however, that the Borrower may not assign any of its interests or obligations hereunder without the prior written consent of the Bank. 
 This Note replaces and supersedes the Master Promissory Note dated April 20, 2004 in the principal amount of $10,000,000.00 (the “Prior Note”) from the Borrower to the Bank. To the extent that the
principal balance of this Note includes the Borrower’s indebtedness hitherto evidenced by the Prior Note, this Note (i) merely re-evidences the indebtedness hitherto evidenced by the Prior Note, (ii) is given as substitution for and
not as payment of the Prior Note and (iii) is in no way intended to constitute a novation of the Prior Note. Borrower hereby agrees that this Note shall in all respects take the place of and include the principal amount of and interest under
the Prior Note to the extent of the principal amount of this Note. 
 This Note shall be governed by, and construed and enforced in
accordance with, the laws of the State of New York. 
 IN WITNESS WHEREOF, the Borrower has caused this Note to be executed by duly
authorized officers as of the day and year and place first above written. 
 ONEOK, INC. 
 100 West Fifth Street 
 Tulsa, OK 74103

  

									
	 By:
	 	 /s/ Caron A. Lawhorn
	  	By:	 	  
	 	
	Name:	 	Caron Lawhorn	  	Name:	 		 	
	Title:	 	Senior Vice President-	  	Title:	 		 	
		 	 Financial Services and
 Treasurer
	  		 		 	

 SCHEDULE A 
 TO AMENDED AND RESTATED MASTER PROMISSORY NOTE 
  

									
	 Date
 Made
	  	 Amount
 of Loan
	  	 Interest
 Rate
	  	 Interest
 Period
	  	 Date and Amount of
 Principal PaidForm of Stock Option Agreements

 Exhibit 10bm 
 Form of Stock Option Agreement 
 AGREEMENT (the “Agreement”) dated DATE (the “Grant Date”)
providing for the grant of a stock option and limited stock appreciation right by C. R. Bard, Inc., a New Jersey corporation (the “Corporation”), to «Name_FirstLast» of «CITY», «STATE», an employee of
the Corporation or a Subsidiary (the “Employee”): 
 The Corporation has duly adopted the 2003 Long Term Incentive Plan of C. R.
Bard, Inc., as amended from time to time (the “Plan”), for selected employees, a copy of which is attached hereto and incorporated herein by reference. Any term capitalized herein but not defined shall have the same meaning set forth in
the Plan. In accordance with the Plan, the Committee has granted to the Employee an option to buy Shares of the Corporation’s common stock at an exercise price per share not less than the Fair Market Value of a Share on the Grant Date and under
the terms and conditions hereinafter provided (the “Option”) and a limited stock appreciation right under the terms and conditions hereinafter provided (the “LSAR”). 
 1. Grant of the Option and LSAR. 
 (a) Grant of the Option. The Corporation hereby grants to the Employee an Option to purchase all or any part of an aggregate of «Options_Received» Shares at a purchase price of $OPTION PRICE per
Share (the “Option Price”), subject to adjustment as set forth in the Plan. The Option is intended to be a non-qualified stock option, and is not intended to be treated as an option that complies with Section 422 of the Internal
Revenue Code of 1986, as amended. 
 (b) Grant of the LSAR. The Corporation hereby grants to the Employee an LSAR with
respect to all or any part of an aggregate of «Options_Received» of the Shares subject to the Option, at an exercise price per Share equal to the Option Price. The LSAR shall vest in tandem with the Shares subject to the Option (as
provided in Section 2) and shall be exercisable with respect to such Shares (as provided in Section 3(b)). The LSAR is granted upon the same terms and conditions provided for herein with respect to the Option, except as otherwise expressly
provided herein. 
 2. Vesting. 
 (a) Except as otherwise provided in Section 3, the term of the Option shall commence on the Grant Date and shall expire on the tenth anniversary of the Grant Date. 
 (b) At any time, the portion of the Option that has become vested and exercisable as described in this Section 2 is hereinafter
referred to as the “Vested Portion.” 
 (c) [Performance-based (based on earnings per share growth generally
exclusive of items of an unusual or infrequent nature) and/or time-based vesting criteria]. 
 (d) For the avoidance of doubt,
the Employee must be employed by the Corporation or a Subsidiary on the date vesting occurs, which with respect to Sections 2(c)(A) and (B) will occur upon the later of (i) the Board’s determination that the applicable targets have
been achieved and (ii) public disclosure by the Corporation of the results of operations that are the basis for such determination. 
  

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 (e) Upon termination of the Employee’s employment by reason of death, retirement or
Disability, the Option shall, to the extent not expired pursuant to Section 2(a) and not vested and exercisable at that time, become fully vested and exercisable. 
 (f) If the Employee ceases to be an employee of the Corporation or a Subsidiary for any reason, the Committee may, in its sole discretion,
accelerate the vesting of the Option, or any portion thereof, which has not expired pursuant to Section 2(a) and would not otherwise be vested and exercisable on the date of such termination of employment. 
 (g) If the Employee’s Employment with the Corporation is terminated for any reason other than death, retirement or Disability, or the
Committee does not otherwise exercise its discretion, pursuant to the Plan and Section 2(f) above, to accelerate the vesting of the Option in full upon the Employee’s termination for any reason, the Option shall expire immediately without
consideration to the extent not vested and exercisable on the date of any such termination and the Vested Portion of the Option shall remain exercisable for the period set forth in Section 3(a) (and Section 3(b) in the case of the LSAR).

 3. Exercise. 
 (a) Exercise of Option. Subject to the provisions of the Plan and this Agreement, the Employee may exercise all or any part of the Vested Portion of the Option at any time prior to the earliest to occur of: 
 (i) the tenth anniversary of the Grant Date; 
 (ii) one year following the first day of the month following the month in which the Employee’s employment with the Corporation or a Subsidiary is terminated due to death or Disability; 
 (iii) sixty days following the date the Employee’s employment with the Corporation or a Subsidiary is terminated for any reason other
than (A) death, (B) Disability, (C) retirement, or (D) for any termination within the one-year period immediately following a Change in Control (excluding termination for Cause during such one-year period, which will be subject
to the sixty-day exercise period). 
 For purposes of this Agreement, “Cause” shall mean “Cause” as defined in
(A) any employment or severance agreement then in effect between the Employee and the Corporation or a Subsidiary or (B) any severance plan in which the Employee participates, or if not defined therein or if there shall be no such
agreement or plan, “Cause” shall include, but not be limited to, the Employee’s misconduct, insubordination, violation of the Corporation’s policies, or performance issues. The determination of the existence of Cause shall be
made by the Committee in good faith, which determination shall be conclusive for purposes of this Agreement. 
 For purposes of this
Agreement, “retirement” shall mean the termination of employment of an employee of the Corporation who has attained the age of 55 and been credited with a minimum of 5 years of vesting service under
the Employees’ Retirement Plan of C. R. Bard, Inc. or any successor plan thereto (the "U.S. Retirement Plan"); provided, that the term “retirement” shall not 

 3 
  

 
refer to an employee that is terminated for Cause. For purposes of determining whether, and to what extent, an employee is credited with vesting service
under the preceding sentence, service provided to a foreign affiliate of the Corporation shall be treated as service provided to a U.S. participating employer in the U. S. Retirement Plan.
 (b) Exercise of LSAR. Subject to the provisions of the Plan and this Agreement (including, without limitation, the expiration of
the Option described in Section 3(a)), the Employee may exercise all or any part of the Vested Portion of the LSAR only during the 60-day period commencing upon the occurrence of a Change in Control. The Employee shall be required to surrender
all or any portion of the Option with respect to which the Employee exercises the LSAR. The Employee’s exercise of all or part of the Vested Portion of the Option shall terminate the same portion of the Shares subject to the LSAR to which the
exercised Option relates. Upon the exercise of the LSAR, the Employee shall have the right to receive, as determined in the sole discretion of the Committee or as otherwise provided pursuant to the Plan or this Agreement, an amount in cash and/or
Shares equal to the excess of (i) the greater of (A) the Fair Market Value of one Share on the date of exercise and (B) the highest price per Share paid in the transaction or series of transactions constituting the Change in Control,
over (ii) the Option Price, multiplied by the aggregate of the Shares subject to the Option with respect to which the LSAR is exercised by the Employee; provided that if the Participant disagrees with the Committee’s determination
of Fair Market Value, he or she may require the Corporation, at the Corporation’s cost, to retain an independent, nationally recognized investment banker or valuation firm to determine the fair market value. 
 a) Method of Exercise. 
 (i) Exercise of Option. Subject to Section 3(a), the Vested Portion of the Option may be exercised, by the Employee or the individual having the right to exercise the Option in accordance with
Section 3(b)(v), by delivering to the Corporation at its principal office written notice of intent to so exercise; provided, that the Option may be exercised with respect to whole Shares only. Such notice shall specify the number of
Shares for which the Option is being exercised and shall be accompanied by payment in full of the Option Price. The payment of the Option Price may be made at the election of the Employee: 
 (A) in cash or its equivalent (e.g., by check); 
 (B) to the extent permitted by the Committee, in Shares having a Fair Market Value equal to the aggregate Option Price for the Shares
being purchased and satisfying such other requirements as may be imposed by the Committee; provided, that such Shares have been held by the Employee for no less than six months (or such other period as established from time to time by the
Committee in order to avoid adverse accounting treatment applying US GAAP); 
 (C) partly in cash and, to the extent
permitted by the Committee, partly in such Shares, as described in clause (B), above; or 
  

 4 
  

 (D) if there is a public market for the Shares at the time of exercise, subject to rules
and limitations established by the Committee or the Board, through the delivery of irrevocable instructions to a broker to sell Shares obtained upon the exercise of the Option and to deliver promptly to the Corporation an amount out of the proceeds
of such Sale equal to the aggregate Option Price for the Shares being purchased. 
 The purchased Shares shall be delivered to
the Employee, or the individual having the right to exercise the Option in accordance with Section 3(b)(v), as soon as administratively feasible following exercise of the Option. No fractional Shares will be issued upon exercise of the Option;
unless otherwise determined by the Committee, the cash equivalent of any fractional Share will be payable upon exercise. 
 (ii) Exercise of LSAR. Subject to Sections 3(a) and 3(b), the Vested Portion of the LSAR may be exercised by delivering to the Corporation at its principal office written notice of intent to so exercise, which notice shall specify
the number of Shares underlying the Option with respect to which the LSAR is being exercised. The LSAR may be exercised with respect to whole or fractional Shares. Payment shall be made in cash and/or Shares, as described in Section 3(b), at
the time of exercise. No fractional Shares will be issued upon exercise of the LSAR; the cash equivalent of any fractional Share will be payable upon exercise. 
 (iii) If in the opinion of counsel for the Corporation (who may be an employee of the Corporation or independent counsel employed by the
Corporation), any issuance or delivery of Shares upon exercise of the Option or the LSAR to a Participant will violate the requirements of any applicable federal or state laws, rules or regulations (including, without limitation, the provisions of
the Securities Act of 1933, as amended, or the Act), such issuance or delivery may be postponed until the Corporation is satisfied that the distribution will not violate such laws, rules or regulations, and the LSAR shall be payable in cash.

 (iv) Notwithstanding any other provision of this Agreement to the contrary, prior to a Change of Control the Option may not
be exercised, as the Committee shall in its sole discretion determine to be necessary or advisable, prior to the completion of any registration or qualification of the Option or the Shares, or during any period of suspension of trading of the
Shares, under applicable state and federal securities or other laws or under any ruling or regulation of any governmental body or national securities exchange. 
 (v) Upon the Corporation’s determination that the Option or the LSAR (if to be settled in Shares) has been validly exercised, the
Corporation shall issue certificates in the Employee’s name for such Shares. However, the Corporation shall not be liable to the Employee for damages relating to any delays in issuing the certificates to him or her, any loss of the certificates
or any mistakes or errors in the issuance of the certificates or in the certificates themselves. 
 (vi) In the event of the
Employee’s death, the Vested Portion of the Option and the LSAR shall remain exercisable to the extent set forth in Section 3(a) (and Section 3(b) in the case of the LSAR) by the Employee’s executor or administrator, or the
person or persons to whom the Employee’s rights under this Agreement shall pass by will or by the laws of descent and distribution, as the case may be. In the event of the Disability of the Employee, the Option and the LSAR may be exercisable
by his or her conservator or representative. Any heir, legatee, conservator or representative of the Employee shall take rights herein granted subject to the terms and conditions hereof. 

 5 
  

 (vii) Neither the Employee nor his or her legal representatives, legatees or
distributees, as the case may be, shall have any rights to dividends or other rights of a stockholder with respect to Shares subject to an Option or LSAR until the Employee or the individual having the right to exercise the Option or LSAR has given
written notice of exercise, paid in full for such Shares, received such Shares from the Corporation and, if applicable, has satisfied any other conditions imposed by the Committee pursuant to the Plan. 
 4. No Right to Continued Employment. The granting of the Option and the LSAR evidenced hereby and this Agreement shall impose no obligation on the
Corporation or any affiliate to continue the employment of the Employee and shall not lessen or affect the Corporation’s or any affiliate’s right to terminate the employment of such Employee. 
 5. Legend on Certificates. If the Corporation determines that any issuance or delivery of Shares to the Employee pursuant to this Agreement will
violate the requirements of any applicable federal or state laws, rules or regulations (including, without limitation, the provisions of the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended), such issuance or
delivery may be postponed until the Corporation is satisfied that the distribution will not violate such laws, rules or regulations. Any such Shares shall be subject to such stop transfer orders and other restrictions as the Committee may deem
advisable under the Plan or the rules, regulations, and other requirements of the Securities and Exchange Commission, any stock exchange upon which such Shares are listed and any applicable federal, state or foreign laws, rules or regulations.
Certificates delivered to Employees may bear such legends as the Corporation may deem advisable. 
 6. Transferability. The Option and
the LSAR may not be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by the Employee otherwise than by will or by the laws of descent and distribution, and any such purported assignment, alienation, pledge,
attachment, sale, transfer or encumbrance shall be void and unenforceable against the Corporation or any affiliate; provided, however, that the designation of a beneficiary shall not constitute an assignment, alienation, pledge,
attachment, sale, transfer or encumbrance. The Employee may designate a beneficiary, on a form supplied by the Committee, who may exercise the Option and the LSAR under the terms hereof in the event of the Employee’s death. No such permitted
transfer of the Option and the LSAR to heirs or legatees of the Employee shall be effective to bind the Corporation unless the Committee shall have been furnished with written notice thereof and a copy of such evidence as the Committee may deem
necessary to establish the validity of the transfer and the acceptance by the transferee or transferees of the terms and conditions hereof. 
 7. Withholding. The Employee may be required to pay to the Corporation or any affiliate, and the Corporation or a Subsidiary shall have the right and is hereby authorized to withhold, any applicable amount it may determine to be
necessary to withhold for federal, state, local or other taxes as a result of the exercise, grant or vesting of the Option and the LSAR, as a condition to such exercise, grant or vesting, or as a result of any 

 6 

 
payment or transfer under or with respect to the Option and the LSAR. The Committee may take such other action as may be necessary in the opinion of the
Committee to satisfy all obligations for the payment of such withholding taxes. The Participant may elect to pay all or a portion of the minimum amount of taxes required to be withheld by (a) delivery of Shares or (b) having Shares
withheld by the Corporation from any Shares that would have otherwise been received by the Participant, such Shares in either case having an aggregate Fair Market Value at the time of payment equal to the amount of such withholding taxes.

 8. Securities Laws. Upon the acquisition of any Shares pursuant to the exercise of the Option or the LSAR, the Employee will make
or enter into such written representations, warranties and agreements as the Committee may reasonably request in order to comply with applicable securities laws or with this Agreement. 
 9. Notices. Any notice required or permitted under this Agreement shall be deemed given when delivered personally, or when deposited in a United
States Post Office as registered mail, postage prepaid, addressed, as appropriate, either to the Employee at his or her address hereinabove set forth or such other address as he or she may designate in writing to the Corporation, or to the
Corporation, Attention: Secretary, at 730 Central Avenue, Murray Hill, New Jersey 07974, or such other address as the Corporation may designate in writing to the Employee. 
 10. Failure to Enforce Not a Waiver. The failure of the Corporation to enforce at any time any provision of this Agreement shall in no way be
construed to be a waiver of such provision or of any other provision hereof. 
 11. No Limitation on Rights of the Corporation. The
grant of the Option and the LSAR shall not in any way affect the right or power of the Corporation to make adjustments, reclassification or changes in its capital or business structure, or to merge, consolidate, dissolve, liquidate, sell or transfer
all or any part of its business or assets. 
 12. Choice of Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH
THE LAWS OF THE STATE OF NEW JERSEY WITHOUT REGARD TO CONFLICTS OF LAWS. 
 13. Option and LSAR Subject to Plan. By entering into this
Agreement the Employee agrees and acknowledges that the Employee has received and read a copy of the Plan and the related prospectus. The Option and the LSAR are in all respects governed by the Plan and subject to all of the terms and provisions
thereof. The terms and provisions of the Plan as it may be amended from time to time are hereby incorporated herein by reference. In the event of a conflict between any term or provision contained herein and a term or provision of the Plan, the
applicable terms and provisions of the Plan will govern and prevail. 
 14. Signature in Counterparts. This Agreement may be signed in
counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. 
  
 IN WITNESS WHEREOF, the parties hereto have executed this Agreement in duplicate on the day and year first above written. 
 C. R. BARD, INC. 
 By: Timothy M. Ring 
 Chairman & Chief Executive Officer 
 The undersigned hereby accepts,
and agrees to, all terms and provisions of the foregoing Agreement. 
  

					
			
	   	 		 	   
	Employee’s Signature	 		 	Date
			
	   	 		 	 
	Print Name

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00118-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00118-of-00352.parquet"}]]