Document:

Employee Stock Purchase Plan

 Exhibit 10.23 
  
 AGILENT TECHNOLOGIES, INC. 
 EMPLOYEE STOCK PURCHASE PLAN 
  
 (Amended and Restated, Effective November 1, 2004) 
  
 1.
PURPOSE. 
  
 The purpose of this Plan is to provide an
opportunity for Employees of Agilent Technologies, Inc. (the “Corporation”) and its Designated Subsidiaries, to purchase Common Stock of the Corporation and thereby to have an additional incentive to contribute to the prosperity of the
Corporation. It is the intention of the Corporation that the Plan qualifies as an “Employee Stock Purchase Plan” under Section 423 of the Internal Revenue Code of 1986, as amended. 
  
 2. DEFINITIONS. 
  
 (a) “Board” shall mean the Board of Directors of the Corporation. 
  
 (b) “Code” shall mean the Internal Revenue Code of
1986, of the USA, as amended. Any reference to a section of the Code herein shall be a reference to any successor or amended section of the Code. 
  
 (c) “Committee” shall mean the committee appointed by the Board in accordance with Section 14 of the Plan. 
  
 (d) “Common Stock” shall mean the Common Stock of the
Corporation, or any stock into which such Common Stock may be converted. 
  
 (e) “Compensation” shall mean an Employee’s base cash compensation, commissions and shift premiums paid on account of personal services rendered by the Employee to the Corporation or a
Designated Subsidiary, but shall exclude payments for overtime, incentive compensation, incentive payments and bonuses, with any modifications determined by the Committee. The Committee shall have the authority to determine and approve all forms of
pay to be included in the definition of Compensation and may change the definition on a prospective basis. 
  
 (f) “Corporation” shall mean Agilent Technologies, Inc., a Delaware corporation. 
  
 (g) “Designated Subsidiary” shall mean a Subsidiary
that has been designated by the Committee as eligible to participate in the Plan with respect to its Employees. 

 (h) “Employee” shall mean an individual classified as an employee (within the
meaning of Code Section 3401(c) and the regulations thereunder) by the Corporation or a Designated Subsidiary on the Corporation’s or such Designated Subsidiary’s payroll records during the relevant participation period. Employees shall
not include individuals classified as independent contractors. 
  
 (i) “Entry Date” shall mean the first Trading Day of the Offering Period or, for new Participants, the first Trading Day of their first Purchase Period. 
  
 (j) “Fair Market Value” shall be the closing sales price for the Common Stock (or the closing bid,
if no sales were reported) as quoted in The Wall Street Journal or such other source as the Committee deems reliable, on the date of determination if that date is a Trading Day, or if that day is not a trading day, for the last market Trading
Day prior to the date of determination. 
  
 (k)
“Offering Period” shall mean the period of twenty-four (24) months during which an option granted pursuant to the Plan may be exercised, commencing on the first Trading Day on or after November 1, of every other year and
terminating on the last Trading Day in the period ending twenty-four (24) months later. The duration and timing of Offering Periods may be changed or modified by the Committee. 
  
 (l) “Participant” shall mean a participant in the Plan as described in Section 5 of the Plan.

  
 (m) “Plan” shall mean this Employee
Stock Purchase Plan. 
  
 (n) “Purchase
Date” shall mean the last Trading Day of each Purchase Period. 
  
 (o) “Purchase Period” shall mean the period of six (6) months commencing after one Purchase Date and ending with the next Purchase Date, except that the first Purchase Period shall commence on
the Plan’s effective date. Subsequent Purchase Periods, if any, shall run consecutively after the termination of the preceding Purchase Period. 
  
 (p) “Purchase Price” shall mean 85% of the Fair Market Value of a share of Common Stock on the Entry Date or on the Purchase Date,
whichever is lower; provided however, that the Purchase Price may be adjusted by the Committee pursuant to Section 7.4. 
  
 (q) “Shareholder” shall mean a record holder of shares entitled to vote shares of Common Stock under the Corporation’s
by-laws. 
  
 (r) “Subsidiary” shall mean
any corporation (other than the Corporation) in an unbroken chain of corporations beginning with the Corporation, as described in Code Section 424(f). 
  

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 (s) “Trading Day” shall mean a day on which U.S. national stock exchanges and the
NASDAQ System are open for trading. 
  
 3. ELIGIBILITY. 

 
 Any Employee regularly employed by the Corporation or by any Designated
Subsidiary on an Entry Date shall be eligible to participate in the Plan with respect to the Purchase Period commencing on such Entry Date, provided that the Committee may establish administrative rules requiring that employment commence some
minimum period (e.g., one pay period) prior to an Entry Date to be eligible to participate with respect to the Purchase Period beginning on that Entry Date. The Committee may also determine that a designated group of highly compensated Employees are
ineligible to participate in the Plan so long as the excluded category fits within the definition of “highly compensated employee” in Code Section 414(q). No Employee may participate in the Plan if immediately after an option is granted
the Employee owns or is considered to own (within the meaning of Code Section 424(d)), shares of stock, including stock which the Employee may purchase by conversion of convertible securities or under outstanding options granted by the Corporation,
possessing five percent (5%) or more of the total combined voting power or value of all classes of stock of the Corporation or of any of its Subsidiaries. All Employees who participate in the Plan shall have the same rights and privileges under the
Plan except for differences which may be mandated by local law and which are consistent with Code Section 423(b)(5); provided, however, that Employees participating in a sub-plan adopted pursuant to Section 15 which is not designed to qualify under
Code section 423 need not have the same rights and privileges as Employees participating in the Code section 423 Plan. The Board may impose restrictions on eligibility and participation of Employees who are officers and directors to facilitate
compliance with federal or state securities laws or foreign laws. 
  
 4.
OFFERING PERIODS. 
  
 The Plan shall be implemented by
consecutive Offering Periods with a new Offering Period commencing on the first Trading Day on or after the date twenty-four (24) months from the first date of the immediately preceding Offering Period, or on such other date as the Committee shall
determine, and continuing thereafter for twenty-four (24) months or until terminated pursuant to Section 13 hereof. The first Offering Period shall commence on November 1, 2000. The Committee shall have the authority to change the duration of
Offering Periods (including the commencement dates thereof) with respect to future offerings without Shareholder approval if such change is announced at least five (5) days prior to the scheduled beginning of the first Offering Period to be affected
thereafter. 
  

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 5. PARTICIPATION. 
  

5.1 An Employee who is eligible to participate in the Plan in accordance with Section 3 may become a Participant by completing and submitting, on a
date prescribed by the Committee prior to an applicable Entry Date, a completed payroll deduction authorization and Plan enrollment form provided by the Corporation or by following an electronic or other enrollment process as prescribed by the
Committee. An eligible Employee may authorize payroll deductions at the rate of any whole percentage of the Employee’s Compensation, not to exceed ten percent (10%) of the Employee’s Compensation. All payroll deductions may be held by the
Corporation and commingled with its other corporate funds where administratively appropriate. No interest shall be paid or credited to the Participant with respect to such payroll deductions. The Corporation shall maintain a separate bookkeeping
account for each Participant under the Plan and the amount of each Participant’s payroll deductions shall be credited to such account. A Participant may not make any additional payments into such account. 
  
 5.2 Under procedures established by the Committee, a Participant may withdraw
from the Plan during a Purchase Period, by completing and filing a new payroll deduction authorization and Plan enrollment form with the Corporation or by following electronic or other procedures prescribed by the Committee, prior to the fifth
business day preceding the Purchase Date. If a Participant withdraws from the Plan during a Purchase Period, his or her accumulated payroll deductions will be refunded to the Participant without interest. The Committee may establish rules limiting
the frequency with which Participants may withdraw and re-enroll in the Plan and may impose a waiting period on Participants wishing to re-enroll following withdrawal. 
  
 5.3 A Participant may change his or her rate of payroll deductions at any time by filing a new payroll deduction
authorization and Plan enrollment form or by following electronic or other procedures prescribed by the Committee. If a Participant has not followed such procedures to change the rate of payroll deductions, the rate of payroll deductions shall
continue at the originally elected rate throughout the Purchase Period and future Purchase Periods (including Purchase Periods of subsequent Offering Periods). In accordance with Section 423(b)(8) of the Code, the Committee may reduce a
Participant’s payroll deductions to zero percent (0%) at any time during a Purchase Period. 
  
 6. TERMINATION OF EMPLOYMENT. 
  
 In the event any Participant terminates employment with the Corporation or any of its Designated Subsidiaries for any reason (including death) prior to the expiration of a Purchase Period, the Participant’s
participation in the Plan shall terminate and all amounts credited to the Participant’s account shall be paid to the Participant or, in the case of death, to the Participant’s heirs or estate, without interest. Whether a termination of
employment has occurred shall be determined by the Committee. The Committee may also establish rules regarding when leaves of absence or changes of employment status will be considered to be a termination of employment, including rules regarding
transfer of employment among Designated Subsidiaries, Subsidiaries and the Corporation, and the Committee may establish termination of employment procedures for this Plan which are independent of similar rules established under other benefit plans
of the Corporation and its Subsidiaries. 
  

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 7. OFFERING. 
  
 7.1 Subject to adjustment as set forth in Section 10, the maximum number of shares of Common Stock which may be issued pursuant to the Plan shall be
twenty-five (25) million shares plus an annual increase to be added on the first day of each fiscal year of the Corporation beginning in 2001, equal to one percent (1%) of the outstanding shares of the Corporation on such date or a lesser amount
determined by the Committee, provided that the maximum number of shares of Common Stock that may be issued pursuant to the Plan shall be seventy-five (75) million. If, on a given Purchase Date, the number of shares with respect to which options are
to be exercised exceeds the number of shares then available under the Plan, the Corporation shall make a pro rata allocation of the shares remaining available for purchase in as uniform a manner as shall be practicable and as it shall determine to
be equitable. 
  
 7.2 Each Purchase Period shall be determined by
the Committee. Unless otherwise determined by the Committee, the Plan will operate with successive six (6) month Purchase Periods commencing at the beginning of each fiscal year half (November 1 and May 1). The Committee shall have the power to
change the duration of future Purchase Periods, without Shareholder approval, and without regard to the expectations of any Participants. 
  
 7.3 Each eligible Employee who has elected to participate as provided in Section 5.1 shall be granted an option to purchase that number of whole and
fractional shares of Common Stock (not to exceed 5,000 shares) which may be purchased with the payroll deductions accumulated on behalf of such Employee during each Purchase Period at the purchase price specified in Section 7.4 below, subject to the
additional limitation that no Employee participating in the Section 423 Plan shall be granted an option to purchase Common Stock under the Plan at a rate which exceeds U.S. twenty-five thousand dollars (U.S. $25,000) of the Fair Market Value of such
Common Stock (determined at the time such option is granted) for each calendar year in which such option is outstanding at any time. The foregoing sentence shall be interpreted so as to comply with Code Section 423(b)(8). 
  
 7.4 The purchase price under each option shall be the lower of: (i) a
percentage (not less than eighty-five percent (85%)) established by the Committee (“Designated Percentage”) of the Fair Market Value of the Common Stock on the Entry Date on which an option is granted, or (ii) the Designated Percentage of
the Fair Market Value on the Purchase Date on which the Common Stock is purchased. The Committee may change the Designated Percentage with respect to any future Offering Period, but not below eighty-five percent (85%), and the Committee may
determine with respect to any prospective Offering Period that the option price shall be the Designated Percentage of the Fair Market Value of the Common Stock on the Purchase Date. 
  

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 8. PURCHASE OF STOCK. 
  
 Upon the expiration of each Purchase Period, a Participant’s option shall be exercised automatically for the purchase
of that number of whole and fractional shares of Common Stock which the accumulated payroll deductions credited to the Participant’s account at that time shall purchase at the applicable price specified in Section 7.4. Notwithstanding the
foregoing, the Corporation or its designee may make such provisions and take such action as it deems necessary or appropriate for the withholding of taxes and/or social insurance which the Corporation or its Designated Subsidiary is required by law
or regulation of any governmental authority to withhold. Each Participant, however, shall be responsible for payment of all individual tax liabilities arising under the Plan. 
  
 9. PAYMENT AND DELIVERY. 
  
 As soon as practicable after the exercise of an option, the Corporation shall deliver to the Participant a record of the Common Stock purchased and the
balance of any amount of payroll deductions credited to the Participant’s account not used for the purchase, except as specified below. The Committee may permit or require that shares be deposited directly with a broker designated by the
Committee or to a designated agent of the Corporation, and the Committee may utilize electronic or automated methods of share transfer. The Committee may require that shares be retained with such broker or agent for a designated period of time
and/or may establish other procedures to permit tracking of disqualifying dispositions of such shares. The Corporation shall retain the amount of payroll deductions used to purchase Common Stock as full payment for the Common Stock and the Common
Stock shall then be fully paid and non-assessable. No Participant shall have any voting, dividend, or other Shareholder rights with respect to shares subject to any option granted under the Plan until the shares subject to the option have been
purchased and delivered to the Participant as provided in this Section 9. 
  
 10. RECAPITALIZATION. 
  
 If after the
grant of an option, but prior to the purchase of Common Stock under the option, there is any increase or decrease in the number of outstanding shares of Common Stock because of a stock split, stock dividend, combination or recapitalization of shares
subject to options, the number of shares to be purchased pursuant to an option, the price per share of Common Stock covered by an option and the maximum number of shares specified in Section 7.1 may be appropriately adjusted by the Board, and the
Board shall take any further actions which, in the exercise of its discretion, may be necessary or appropriate under the circumstances. 
  
 The Board’s determinations under this Section 10 shall be conclusive and binding on all parties. 
  

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 11. MERGER, LIQUIDATION, OTHER CORPORATION TRANSACTIONS. 
  
 In the event of the proposed liquidation or dissolution of the Corporation,
the Offering Period will terminate immediately prior to the consummation of such proposed transaction, unless otherwise provided by the Board in its sole discretion, and all outstanding options shall automatically terminate and the amounts of all
payroll deductions will be refunded without interest to the Participants. 
  
 In the event of a proposed sale of all or substantially all of the assets of the Corporation, or the merger or consolidation of the Corporation with or into another corporation, then in the sole discretion of the
Board, (1) each option shall be assumed or an equivalent option shall be substituted by the successor corporation or parent or subsidiary of such successor corporation, (2) a date established by the Board on or before the date of consummation of
such merger, consolidation or sale shall be treated as a Purchase Date, and all outstanding options shall be exercised on such date, or (3) all outstanding options shall terminate and the accumulated payroll deductions will be refunded without
interest to the Participants. 
  
 12. TRANSFERABILITY. 

 
 Options granted to Participants may not be voluntarily or involuntarily
assigned, transferred, pledged, or otherwise disposed of in any way, and any attempted assignment, transfer, pledge, or other disposition shall be null and void and without effect. If a Participant in any manner attempts to transfer, assign or
otherwise encumber his or her rights or interests under the Plan, other than as permitted by the Code, such act shall be treated as an election by the Participant to discontinue participation in the Plan pursuant to Section 5.2. 
  
 13. AMENDMENT OR TERMINATION OF THE PLAN. 
  
 13.1 The Plan shall continue until November 1, 2020 unless otherwise
terminated in accordance with Section 13.2. 
  
 13.2 The Board
may, in its sole discretion, insofar as permitted by law, terminate or suspend the Plan, or revise or amend it in any respect whatsoever, except that, without approval of the Shareholders, no such revision or amendment shall materially increase the
number of shares subject to the Plan, other than an adjustment under Section 10 of the Plan. 
  
 14. ADMINISTRATION. 
  
 The Board shall appoint a Committee consisting of at least two members who will serve for such period of time as the Board may specify and whom the Board may remove at any time. The Committee will have the authority and responsibility for
the 
  

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 day-to-day administration of the Plan, the authority and responsibility specifically provided in this Plan and any
additional duty, responsibility and authority delegated to the Committee by the Board, which may include any of the functions assigned to the Board in this Plan. The Committee may delegate to one or more individuals the day-to-day administration of
the Plan. The Committee shall have full power and authority to promulgate any rules and regulations which it deems necessary for the proper administration of the Plan, to interpret the provisions and supervise the administration of the Plan, to make
factual determinations relevant to Plan entitlements and to take all action in connection with administration of the Plan as it deems necessary or advisable, consistent with the delegation from the Board. Decisions of the Board and the Committee
shall be final and binding upon all participants. Any decision reduced to writing and signed by a majority of the members of the Committee shall be fully effective as if it had been made at a meeting of the Committee duly held. The Corporation shall
pay all expenses incurred in the administration of the Plan. No Board or Committee member shall be liable for any action or determination made in good faith with respect to the Plan or any option granted hereunder. 
  
 15. COMMITTEE RULES FOR FOREIGN JURISDICTIONS. 
  
 The Committee may adopt rules or procedures relating to the operation and
administration of the Plan to accommodate the specific requirements of local laws and procedures. Without limiting the generality of the foregoing, the Committee is specifically authorized to adopt rules and procedures regarding handling of payroll
deductions, payment of interest, conversion of local currency, payroll tax, withholding procedures and handling of stock certificates which vary with local requirements. 
  
 The Committee may also adopt sub-plans applicable to particular Subsidiaries or locations, which sub-plans may be designed
to be outside the scope of Code section 423. The rules of such sub-plans may take precedence over other provisions of this Plan, with the exception of Section 7.1, but unless otherwise superseded by the terms of such sub-plan, the provisions of this
Plan shall govern the operation of such sub-plan. 
  
 16. SECURITIES LAWS
REQUIREMENTS. 
  
 The Corporation shall not be under any
obligation to issue Common Stock upon the exercise of any option unless and until the Corporation has determined that: (i) it and the Participant have taken all actions required to register the Common Stock under the Securities Act of 1933, or to
perfect an exemption from the registration requirements thereof; (ii) any applicable listing requirement of any stock exchange on which the Common Stock is listed has been satisfied; and (iii) all other applicable provisions of state, federal and
applicable foreign law have been satisfied. 
  
 17. GOVERNMENTAL
REGULATIONS. 
  
 This Plan and the Corporation’s
obligation to sell and deliver shares of its stock under the Plan shall be subject to the approval of any governmental authority required in connection with the Plan or the authorization, issuance, sale, or delivery of stock hereunder. 

 

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 18. NO ENLARGEMENT OF EMPLOYEE RIGHTS. 
  
 Nothing contained in this Plan shall be deemed to give any Employee the right to be retained in the employ of the
Corporation or any Designated Subsidiary or to interfere with the right of the Corporation or Designated Subsidiary to discharge any Employee at any time. 
  
 19. GOVERNING LAW. 
  
 This Plan shall be governed by Delaware law, without regard to that State’s choice of law rules. 
  
 20. EFFECTIVE DATE. 
  
 This Plan shall be effective November 1, 2000, subject to approval of the
Shareholders of the Corporation within 12 months before or after its adoption by the Board. 
  
 21. REPORTS. 
  
 Individual accounts shall be maintained for each Participant in the Plan. Statements of account shall be given to Participants at least annually, which statements shall set forth the amounts of payroll deductions, the Purchase Price, the
number of shares purchased and the remaining cash balance, if any. 
  
 22.
DESIGNATION OF BENEFICIARY FOR OWNED SHARES. 
  
 With
respect to shares of Common Stock purchased by the Participant pursuant to the Plan and held in an account maintained by the Corporation or its assignee on the Participant’s behalf, the Participant may be permitted to file a written designation
of beneficiary. The Participant may change such designation of beneficiary at any time by written notice. Subject to local legal requirements, in the event of a Participant’s death, the Corporation or its assignee shall deliver such shares of
Common Stock to the designated beneficiary. 
  
 Subject to local
law, in the event of the death of a Participant and in the absence of a beneficiary validly designated who is living at the time of such Participant’s death, the Corporation shall deliver such shares of Common Stock to the executor or
administrator of the estate of the Participant, or if no such executor or administrator has been appointed (to the knowledge of the Corporation), the Corporation in its sole discretion, may deliver (or cause its assignee to deliver) such shares of
Common Stock to the spouse, dependent or relative of the Participant, or if no spouse, dependent or relative is known to the Corporation, then to such other person as the Corporation may determine. 
  

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 To record the amendment and restatement of the Plan to read as set forth herein, the Company has caused its authorized
officers to execute the same this 20th day of August, 2004, effective as of November 1, 2004, unless otherwise
stated herein. 
  

			
	 AGILENT TECHNOLOGIES, INC.

		
	 By
	 	 /s/ D. Craig Nordlund

	 	 	 D. Craig Nordlund

	 	 	 Senior Vice President, General
 Counsel & Secretary

  

 10Non-Employee Director Stock Plan

 Exhibit 10.24 
  
 AGILENT TECHNOLOGIES, INC. 
 1999 NON-EMPLOYEE DIRECTOR STOCK PLAN 
  
 (Amended and Restated, Effective July 20, 2004) 
  
 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 under the Plan for any reason expires or is terminated without having been
exercised in full, the shares allocable to the unexercised portion of such option 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 shareholders 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 Common Stock grant (as defined in Section 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 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 Lead
Director, 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 sixty-five thousand
dollars ($65,000.00) in cash (the “Cash Payment”). 
  
 In addition, Non-Employee Directors who serve as the chairperson of a Board committee shall be entitled to a “Committee Chair Premium”. Specifically, the chairpersons of both the Compensation Committee and the Audit and Finance
Committee of the Board, provided they are not the Lead Director, shall, on an annual basis, receive an additional ten thousand dollars ($10,000.00) in cash and the chairperson of all other Board committees, provided that they are not the Lead
Director, shall, on an annual basis, receive an additional five thousand dollars ($5000.00) in cash. 
  
 The Lead Director 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 one hundred thousand dollars ($100,000.00) in cash. The Lead Director shall not be eligible to receive any Committee Chair Premiums. 
  
 (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 automatically on 
  

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 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 to the next annual shareholders meeting
(including, but not limited to, by reason of the failure to be re-elected at such annual shareholders meeting), such option shall be automatically cancelled on the date of such cessation, and the shares that were subject thereto 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, 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 ending on the date of grant. 
  
 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 largest number of whole shares determined as follows: 
  

									
	 $75,000.00

	  	=  
	  	 Number of shares
  

	The average Fair Market Value for the preceding 20 trading days ending with 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 only by written notice to the Company at its head office accompanied by payment in cash of the
full consideration for the shares as to which they are exercised. 
  
 (v) Period of Option. The option will not be exercisable until the one-year anniversary of the grant date, at which time it shall be vested as to all the shares represented by the option. 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 
  

 3 

 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) Cash Payment and Committee Chair Premiums.
Unless a Non-Employee Director has properly elected to defer all or part of the cash component of his or her Annual Retainer and Committee Chair Premium under a deferred compensation plan sponsored by the Company, all Cash Payments and Committee
Chair Premiums shall be made in a lump sum payment as soon as practicable following the later of March 1 of each Plan Year (or, if March 1 is not a business day, on the next succeeding business day) or the first business day following the annual
shareholders meeting. 
  

	 	(d)	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. 

  

	 	(e)	Form of Issuance of Shares. 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. 

  
 (f) 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 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. 
  

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 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 shareholder 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. 
  

 5 

 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 average of the
highest and lowest quoted sales prices for the Common Stock as of such date (or if no sales were reported on such date, the average on the last preceding day a sale was made) as quoted on the stock exchange or national market system on which the
Common Stock is listed, with the highest trading volume, as reported in such source as the Company shall determine. 
  
 “Lead Director” shall mean the Non-Employee Director that is appointed to serve as the Lead Director for the full Board meetings. 
  
 “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. Shareholder Approval. The Plan shall be subject to approval by the shareholders of the Company within twelve (12) months after the date the
Plan is adopted. Such shareholder 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 

 To record the amendment and restatement of the Plan to read as set forth herein, the Company has caused
its authorized officers to execute the same this 20th day of August, 2004, effective as of July 20, 2004, unless
otherwise stated herein. 
  

			
	 AGILENT TECHNOLOGIES, INC.

		
	 By
	 	 /s/ D. Craig Nordlund

	 	 	 D. Craig Nordlund

	 	 	 Senior Vice President, General
 Counsel & Secretary

  

 7

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