Document:

Exhibit 10.2

 

ABBOTT LABORATORIES

PERFORMANCE RESTRICTED STOCK
AGREEMENT

 

This
Performance Restricted Stock Agreement (the “Agreement”), made on «DateAwded» (the “Grant Date”), between
Abbott Laboratories, an Illinois corporation (the “Company”), and «Name» (the “Employee”), provides for the
grant by the Company to the Employee of a Performance Restricted Stock Award
(the “Award”) under the Company’s 1996 Incentive Stock Program (the “Program”). 
This Agreement incorporates and is subject to the provisions of the
Program.  To the extent not defined
herein, capitalized terms shall have the same meaning as in the Program, and in
the event of any inconsistency between the provisions of this Agreement and the
provisions of the Program, the Program shall control.

 

The
terms and conditions of the Award are as follows:

 

1.                    Grant
of Shares.  Pursuant to action of the
Compensation Committee of the Board of Directors of the Company, and in
consideration of valuable services heretofore rendered and to be rendered by
the Employee to the Company and of the agreements hereinafter set forth, the
Company has granted to the Employee «NoShares12345»
Shares.  The Shares shall be issued from the Company’s available treasury
shares.  The Employee shall have all the rights of a shareholder with
respect to the Shares, including the right to vote and to receive all dividends
or other distributions paid or made with respect to the Shares.  However,
the Shares (and any securities of the Company which may be issued with the
respect to the Shares by virtue of any stock split, combination, stock dividend
or recapitalization, which securities shall be deemed to be “Shares” hereunder)
shall be subject to all the restrictions hereinafter set forth.

 

2.                    Restriction.  Until the restriction imposed by this Section 2
(the “Restriction”) has lapsed pursuant to Section 3 or 4 below, the
Shares shall not be sold, exchanged, assigned, transferred, pledged or
otherwise disposed of, and shall be subject to forfeiture as set forth in Section 5
below.

 

3.                    Lapse of
Restriction Based on Performance.  The
restrictions on one-third of the total number of Shares will lapse and have no
further force on «M_1st_yr_vest», provided
that the Company’s prior year Return on Equity is a minimum of 18 percent; the
restrictions on an additional one-third of the total number of Shares will
lapse and have no further force on «M_2nd_yr_vest»,
provided that the Company’s prior year Return on Equity is a minimum of 18
percent; the restrictions on the remaining one-third of the total number of
Shares will lapse and have no further force on «M_3rd_yr_vest», provided that the Company’s prior year Return
on Equity is a minimum of 18 percent.  Notwithstanding the foregoing, any
remaining Shares that have not previously vested in «1st, 2nd, and 3rd_yr_vest»  shall remain outstanding and shall
vest on <<month and date of
grant>>,  «3rd_yr_vest»
and/or «4th_yr_vest»,
provided that the Company’s prior year Return on Equity is a minimum of 18
percent, and provided further that no more than one-third of the Shares will
vest in any one year.

 

4.                    Retirement.  The Restriction shall continue to apply (and
may lapse in accordance with the provisions of Section 3 above) in the
event that the 

 

1

 

Employee’s employment with the Company and its
Subsidiaries is terminated by the Employee due to retirement.

 

5.                    Lapse
of Restriction Due to Death or Disability. 
The Restriction shall lapse and have no further force or effect upon the
date of the Employee’s death or disability. 
For
purposes of this Agreement, the term “disability” shall mean the Employee’s
disability as defined in subsection 4.1(a) of the Abbott Laboratories
Extended Disability Plan for twelve consecutive months.  Once the Employee has been disabled as
defined in this Section for twelve consecutive months, the disability
shall be deemed to have occurred on the first day of such twelve-month period.

 

6.                    Forfeiture
of Shares.  In the event of termination
of the Employee’s employment with the Company and its Subsidiaries, other than
under the circumstances described in Section 4 or Section 5 above,
(including without limitation due to the Employee’s voluntary resignation
(other than due to retirement) or involuntary discharge for cause), any Shares with
respect to which the Restriction has not lapsed as of the date of termination
shall be forfeited as of the date of termination, without consideration to the
Employee or the Employee’s executor, administrator, personal representative or
heirs (“Representative”), provided, however, that in the event that the
Employee is involuntarily discharged by the Company and its Subsidiaries other
than for cause, the Company shall have the authority (but not the obligation)
to act, in its sole discretion, to accelerate the lapse of the Restriction set
forth in Section 3 above in whole or in part and to cause some or all of
the Shares that have not previously been paid out on a Delivery Date set forth
in Section 3 above to be settled in the form of Shares on the date of such
involuntary discharge.  The term discharge “for cause” shall have the
meaning given that term by Section 9.

 

7.                    Withholding
Taxes.  The Employee may satisfy any
federal, state, local or foreign taxes arising from delivery of the Shares
pursuant to Section 3, 4 or 5 above by (i) tendering a cash payment, (ii) having
the Company withhold Shares from the Shares to be delivered to satisfy the
minimum applicable withholding tax, (iii) tendering Shares received in
connection with the Award back to the Company, or (iv) delivering other
previously acquired Shares having a Fair Market Value approximately equal to
the amount to be withheld.  The Company
shall have the right and is hereby authorized to withhold from the Shares
deliverable to the Employee pursuant to Section 3, 4, or 5 above or from
any other compensation or other amount owing to the Employee such amount as may
be necessary in the opinion of the Company to satisfy all such taxes,
requirements and withholding obligations. 
If the Company withholds from the Shares for tax purposes, the Employee
is deemed to have been issued the full number of Shares underlying the Award,
notwithstanding that a number of the Shares are held back solely for the
purpose of satisfying any such taxes, requirements and withholding obligations.

 

8.                    No Right to Continued Employment.  Neither the Program nor this Agreement shall
confer upon the Employee the right to continue in the employ or service of the
Company or any Subsidiary, to be entitled to any 

 

2

 

remuneration or benefits not set forth in the
Program or this Agreement or other agreement, or to interfere with or limit in
any way the right of the Company or any such Subsidiary to terminate the
Employee’s employment or service or to exercise any of the other rights of the
Company or its Subsidiaries under the Agreement.

 

9.                    Discharge
for Cause.  The term discharge “for cause”
shall mean termination of the Employee’s employment with the Company and its
Subsidiaries for (A) the Employee’s failure to substantially perform the
duties of the Employee’s employment (other than any such failure resulting from
the Employee’s disability); (B) material breach by the Employee of the
terms and conditions of the Employee’s employment; (C) material breach by
the Employee of business ethics; (D) an act of fraud, embezzlement or
theft committed by the Employee in connection with the Employee’s duties or in
the course of the Employee’s employment; or (E) wrongful disclosure by the
Employee of secret processes or confidential information of the Company or its
Subsidiaries.

 

10.              Voting
Rights; Payment of Dividends.  While the
Restriction is in effect, the Employee shall be entitled to vote the Shares
granted hereunder and shall be entitled to receive dividends paid on Shares to
the same extent and on the same date paid to the Company’s shareholders.

 

11.              Compliance
with Applicable Laws and Regulations. 
Notwithstanding any other provision of the Program or this Agreement to
the contrary, the Company shall not be required to issue or deliver any Shares
pursuant to Section 3, 4, or 5 above pending compliance with all
applicable federal and state securities and other laws (including any
registration requirements or tax withholding requirements) and compliance with
the rules and practices of any stock exchange upon which the Company’s
Shares are listed.

 

12.              Construction. 
This Performance Restricted Stock Award is intended to qualify as qualified
performance-based compensation under Section 162(m) of the Internal
Revenue Code of 1986, as amended (the “Code”), to the extent applicable. 
This Agreement shall be construed accordingly.

 

13.              Data
Privacy.  This grant of Shares shall be
interpreted to effect the original intent of the Company as closely as possible
to the fullest extent permitted by applicable law (including, without
limitation, any laws governing data privacy). 
If any condition or provision of this grant is invalid, illegal, or
incapable of being enforced under any applicable law or regulation governing
data privacy, including the privacy laws and regulations of the European
Economic Area, all other conditions and provisions of the Shares shall
nevertheless remain in full force and effect. 
By accepting this grant, the Employee voluntarily and unambiguously
acknowledges and consents to the collection, use, processing and transfer of
Personal Data (defined below) as described in this paragraph, in electronic or
other form.  The Employee is not obliged
to consent to such collection, use, processing and transfer of Personal
Data.  However, failure to provide the
consent may affect the Employee’s ability to participate in the Program.  The Employee understands that the Company and
its Subsidiaries hold certain personal information 

 

3

 

about the Employee, including, but not
limited to, the Employee’s name, home address and telephone number, date of
birth, social security number or other employee identification number, salary,
nationality, job title, the number of Shares (if any) owned by the Employee,
whether the Employee is a member of the Board of Directors of the Company or of
any of its Subsidiaries, details of all stock options or any other entitlement
to Shares awarded, canceled, purchased, vested, unvested or outstanding in the
Employee’s favor for the purpose of managing and administering the Program or
this grant (collectively “Personal Data”). 
The Employee understands that the Company and its Subsidiaries will
transfer Personal Data amongst themselves as necessary for the purpose of
implementation, administration and management of the Employee’s participation
in the Program, and the Company and/or any of its Subsidiaries may each further
transfer Personal Data to any third parties assisting the Company in the
implementation, administration and management of the Program, including UBS or
such other stock plan service provider as may be selected by the Company in the
future.  These recipients may be located
in the European Economic Area, or elsewhere throughout the world, such as the
United States and the recipients’ country (e.g., the United States) may have
different data privacy laws and protections than the Employee’s country.  The Employee understands that the Employee
may request a list with the names and addresses of any potential recipients of
the Personal Data by contacting the local human resources representatives.  The Employee hereby authorizes the Company
and its Subsidiaries to receive, possess, use, retain and transfer the Personal
Data, in electronic or other form, for the purposes of implementing,
administering and managing the Employee’s participation in the Program,
including any transfer of such Personal Data as may be required for the
administration of the Program and/or the subsequent holding of Shares on the
Employee’s behalf to a broker or other third party with whom the Employee may
elect to deposit any Shares acquired pursuant to the Program.  The Employee understands that Personal Data
will be held only as long as is necessary to implement, administer and manage
the Employee’s participation in the Program. 
The Employee may, at any time, review Personal Data, request additional
information about the storage and processing of Personal Data, and require any
necessary amendments to it.  The Employee
may, at any time, withdraw the consents herein, in any case without cost, in
writing by contacting the Company; however, withdrawing the Employee’s consent
may affect the Employee’s ability to participate in the Program.

 

14.              Succession.  This Agreement shall be binding upon and
operate for the benefit of the Company and its successors and assigns, and the
Employee and the Employee’s Representative.

 

15.              Section 409A.  To the extent
applicable, it is intended that this Agreement comply with, or be exempt
from, the provisions of Code Section 409A. 
The Agreement will be administered and interpreted in a manner
consistent with this intent, and any provision that would cause the Agreement
to fail to satisfy Code Section 409A will have no force and effect until
amended to comply therewith (which amendment may be retroactive to the extent
permitted by Code Section 409A). 
Notwithstanding anything contained 

 

4

 

herein to the contrary, for all purposes of this
Agreement, the Employee shall not be deemed to have had a termination of
service unless the Employee has incurred a separation from service as defined
in Treasury Regulation §1.409A-1(h) and, to the extent required to avoid
accelerated taxation and/or tax penalties under Code Section 409A and
applicable guidance issued thereunder, amounts that would otherwise be payable
pursuant to the Agreement during the six-month period immediately following the
Employee’s termination of service (including retirement) shall instead be
paid on the first business day after the date that is six months following the
Employee’s termination of service (or upon the Employee’s death, if
earlier).  For purposes
of this Agreement, “disability” shall mean, as of a particular date, the
Employee is, by reason of any medically determinable physical or mental
impairment that can be expected to result in death or can be expected to last
for a continuous period of not less than twelve months, eligible to receive
income replacement benefits under the terms of the Abbott Laboratories Extended
Disability Plan (“EDP”) or, for an Employee whose employer does not participate
in the EDP, such similar accident and health plan, providing income replacement
benefits, in which the Employee’s employer participates, for a period of at
least six months.

 

16.              Severability.  The invalidity or unenforceability of any
provision of this Agreement shall not affect the validity or enforceability of
any other provision of this Agreement, and each other provision of the
Agreement shall be severable and enforceable to the extent permitted by
law.  To the extent a court or tribunal
of competent jurisdiction determines that any provision of this Agreement is
invalid or unenforceable, in whole or in part, the Company, in its sole
discretion, shall have the power and authority to revise or strike such
provision to the minimum extent necessary to make it valid and enforceable to
the full extent permitted under local law.

 

17.              Governing Law. 
This Agreement shall be governed by and construed in accordance with the
laws of the State of Illinois without giving effect to the conflict of laws
principles thereof.

 

 IN WITNESS
WHEREOF, the Company has caused this Agreement to be executed by its duly
authorized officer as of the grant date above set forth.

 

 

	
   

  	
   

  	
  ABBOTT
  LABORATORIES

  
	
   

  	
   

  
	
   

  	
  By

  	
  

  
	
   

  	
   

  
	
   

  	
   

  	
  Miles D. White

  
	
   

  	
   

  	
  Chairman and Chief Executive Officer

  
				

 

5Exhibit 10.3

 

ABBOTT LABORATORIES

NON-QUALIFIED STOCK OPTION AGREEMENT

 

Abbott
Laboratories (the “Company”) hereby grants to «First
Name» «MI» «Last Name», «Employee ID» (the “Employee”), a
Non-Qualified Stock Option (the “Option”) to purchase from time to time all or
any part of a total of «NQSOs»
Shares subject to this Option, at the price of $«Option_Price» per Share, such price being
not less than 100% of the Fair Market Value of the Shares on the date hereof
(the “Exercise Price”), under
the terms and conditions set forth in this Non-Qualified Stock Option agreement
(the “Agreement”).

 

This Option is granted this «Grant_Day»
day of «Grant_Month», 20     under the Company’s 1996 Incentive
Stock Program (the “Program”) for the purpose of furnishing to the Employee an
appropriate incentive to improve operations and increase profits and
encouraging the Employee to continue employment with the Company and its
Subsidiaries.  This Agreement incorporates, and is subject
to, the provisions of the Program.  To the extent not defined herein, capitalized
terms shall have the same meaning as in the Program, and in the event of any
inconsistency between the provisions of this Agreement and the provisions of
the Program, the Program shall control.

 

The terms and
conditions of the Option are as follows:

 

1.                    Grant of the Option.  The terms and conditions of the Option
granted to the Employee are set forth below.

 

2.                    Vesting.  Subject to Sections 4 and 5, the Option shall
vest and become exercisable as follows:  (i) on
the first anniversary of the Grant Date, one-third of the total number of
shares covered by the Option may be purchased; (ii) on the second
anniversary of the Grant Date two-thirds of the total number of Shares covered
by the Option may be purchased; and (iii) on the third anniversary of the
Grant Date, the Option shall be exercisable in full.  In the event of termination of employment,
the number of Shares which may be purchased pursuant to this Section 2
shall be determined as if the Employee continued to be employed by the Company
during the periods referred to in Section 4 of this Agreement. The right
to purchase shall cumulate so that Shares may be purchased at any time after
becoming eligible for purchase until the termination of the Option.

 

3.                    Exercise of the Option.  The Option may be
exercised in installments, but may be exercised only to the extent, pursuant to
the methods, and within the time periods described below.

 

(a)                       Term of Option.   Subject to the provisions of Sections 4 and 5,
the Employee may exercise all or a portion of the vested Option at any time
prior to the tenth (10th)
anniversary of the Grant Date (the “Expiration Date”); provided that the Option
may be exercised with respect to whole Shares only.  In no event shall the Option be exercisable
on or after the Expiration Date.

 

(b)                      Exercise by Employee Only.  Except as provided below, during the lifetime
of the Employee, the Option granted hereunder may be 

 

1

 

exercised only by the
Employee and only while the Employee is in the employ of the Company or any of
its Subsidiaries.

 

(c)                       Method of Exercise. The Option may be
exercised only by (i) delivering to the Secretary or other
designated employee or agent of the Company, a written, electronic, or
telephonic notice of exercise, specifying the number of Shares with respect to
which the Option is then being exercised, and by payment of the full Exercise
Price of the Shares being purchased in cash, or with other Shares held by the
Employee having a then fair market value equal to the Exercise Price, (ii) by
the delivery of a properly executed exercise notice together with a copy of
irrevocable instructions to a broker to deliver promptly to the Company the
amount of sale or loan proceeds to pay the Exercise Price, or (iii) a
combination thereof, plus, in each case, payment of the full amount of any
taxes which the Company believes are required to be withheld and paid with
respect to such exercise.  In the event
the Option is being exercised by a person or persons other than the Employee,
such person(s) shall furnish the appropriate tax clearances, proof of the
right of such person(s) to exercise the Option, and other pertinent data
as the Company may deem necessary.

 

(d)                      Method of Payment of Taxes; Withholding.  The Employee may satisfy any federal,
state, local or foreign taxes arising from any transaction related to the
exercise of the Option by (i) tendering a cash payment, (ii) having
the Company withhold Shares from the Option exercised to satisfy the minimum
applicable withholding tax, (iii) tendering Shares received in connection
with the Option back to the Company, or (iv) delivering other previously
acquired Shares having a Fair Market Value approximately equal to the amount to
be withheld.  The Company shall have the
right and is hereby authorized to withhold from the Shares transferable to the
Employee upon any exercise of the Option or from any other compensation or
other amount owing to the Employee such amount as may be necessary in the opinion
of the Company to satisfy all such taxes, requirements and withholding
obligations.  If the Company withholds
from the Shares for tax purposes, the Employee is deemed to have been issued
the full number of Shares subject to the Option, notwithstanding that a number
of the Shares are held back solely for the purpose of satisfying any such
taxes, requirements and withholding obligations.

 

4.                    Termination of
Employment.

 

(a)                       Termination Prior to First Anniversary of
Grant Date.  Termination of the Employee’s
employment with the Company and its Subsidiaries before the first anniversary
of the Grant Date will terminate all rights under the Option, unless such
termination is for reason of retirement, disability or death, or for reason
other than retirement, disability or death and the first anniversary of the
Grant 

 

2

 

Date occurs within the
three (3) month period described in Section 4(b) below.

 

(b)                      Termination for Reason Other than Retirement,
Disability or Death.  Subject to Section 5
below, if the Employee’s employment with the Company and its Subsidiaries
terminates for any reason other than retirement, disability or death, the
Option shall be exercisable to the extent permitted by Section 2 within
three (3) months after the Employee’s effective date of termination.
 To the extent the Option is not exercised prior to the Expiration Date,
it shall be deemed canceled and forfeited.

 

(c)                       Termination by Reason of Retirement.  Subject to Section 5 below, if
the Employee terminates employment by reason of retirement, this Option may be
exercised prior to the Expiration Date by the Employee to the extent permitted
under Section 2.  To the extent the
Option is not exercised prior to the Expiration Date, it shall be deemed
canceled and forfeited.

 

(d)                      Termination by Reason of Disability.  Subject to Section 5 below, if the
employment of the Employee with the Company and its Subsidiaries terminates due
to disability, this Option may be exercised prior to the Expiration Date by the
Employee to the extent permitted under Section 2.  To the extent the Option is not exercised
prior to the Expiration Date, it shall be deemed canceled and forfeited.

 

(e)                       Death of the Employee.

 

i.                   Death During Employment. 
In the event of the death of the Employee during employment, this Option
may be exercised to the extent permitted under Section 2 prior to the
Expiration Date; and provided further that this Option may only be exercised by
the executor or administrator of the estate of the Employee or the person or
persons to whom rights under the Option have passed by will or the laws of
descent and distribution.  To the extent
the Option is not exercised prior to the Expiration Date, it shall be deemed
canceled and forfeited.

 

ii.                Death During the Three-Month Period After Termination for Reason other
than Retirement, Disability or Death.  In the event of the death of the Employee
during the three (3) month period after termination for reason other than
retirement, disability or death referred to in Section 4(b) above,
then the Option shall be exercisable to the extent permitted by Section 2
for a three (3) month period after the date of death, but in no event
shall such Option be exercised on or after the Expiration Date.  An Option shall only be exercised by the
executor or administrator of the estate of the Employee or the person or persons
to whom rights under the Option have passed by will or the laws of descent and
distribution.

 

3

 

iii.             Death During the Period After Retirement or Termination Due to
Disability.  In the event of
the death of the Employee after such Employee’s termination due to retirement
or disability as set forth in Sections 4(c) or 4(d) above, then the
Option shall be exercisable to the extent permitted by Section 2 through
the Expiration Date.  An Option may only
be exercised by the executor or administrator of the estate of the Employee or
the person or persons to whom rights under the Option have passed by will or
the laws of descent or distribution.  To
the extent the Option is not exercised prior to the Expiration Date, it shall
be deemed canceled and forfeited.

 

5.                    Effect of
Certain Bad Acts

 

(a)                       Notwithstanding
anything to the contrary contained in this Agreement, the Option shall
immediately terminate, if, in the sole opinion and discretion of the Committee
or its delegate, the Employee (i) engages in a material breach of the
Company’s code of business conduct; (ii) commits an act of fraud,
embezzlement, or theft in connection with the Employee’s duties or in the
course of employment; or (iii) wrongfully discloses secret processes or
confidential information of the Company or its Subsidiaries.

 

(b)                      Notwithstanding
anything to the contrary contained in this Agreement, the Option shall
immediately terminate in the event the Employee engages, directly or
indirectly, for the benefit of the Employee or others, in any activity,
employment or business during employment or within twelve (12) months after the
date of termination or retirement which, in the sole opinion and discretion of
the Committee or its delegate, is competitive with the Company or any of its
Subsidiaries.

 

6.                    No Right to Continued Employment.  Neither the Program nor this Agreement shall
confer upon the Employee the right to continue in the employ or service of the
Company or any Subsidiary, to be entitled to any remuneration or benefits not
set forth in the Program or this Agreement or other agreement, or to interfere
with or limit in any way the right of the Company or any such Subsidiary to
terminate the Employee’s employment or service.

 

7.                    No Right to
Compensation.

 

(a)                       Neither
this Option, Shares issued upon its exercise, any excess of market value over
Exercise Price, nor any other rights, benefits, values or interest resulting
from the granting of this Option shall be considered as compensation for
purposes of any pension or retirement plan, insurance plan, investment or stock
purchase plan, or any other employee benefit plan of the Company or any of its
Subsidiaries;

 

(b)                      The
grant of an Option under the Program does not create any contractual or other
right to receive additional Option grants or 

 

4

 

other Program benefits in
the future.  Nothing contained in this
Agreement is intended to create or enlarge any other contractual obligations
between the Company and the Employee. 
Future Option grants, if any, and their terms and conditions, will be at
the sole discretion of the Committee or its delegate.  Unless expressly provided by the Company in
writing, any value associated with an Option granted under the Program is an
item of compensation outside the scope of the Employee’s employment contract,
if any, and shall not be deemed part of the Employee’s normal or expected
compensation for purposes of calculating any severance, resignation,
redundancy, dismissal, end-of-service payments, bonuses, long-service awards,
pension or retirement benefits or similar payments.

 

8.                    Transferability.  Except as otherwise provided by the
Committee or its delegate, the
Option is not transferable otherwise than by will or the laws of descent and
distribution and is exercisable during the Employee’s lifetime only by the
Employee or the Employee’s guardian or legal representative.  It may not be assigned, transferred (except
by will or the laws of descent and distribution), pledged or hypothecated in
any way, whether by operation of law or otherwise, and shall not be subject to
execution, attachment, or similar process. 
Any attempt at assignment, transfer, pledge, hypothecation, or other
disposition of the Option contrary to the provisions hereof, and the levy of
any attachment or similar process upon such Option, shall be null and void and
without effect.

 

9.                    Data Privacy.

 

(a)                       For
purposes of this Agreement, “Personal Data” shall mean certain personal
information about the Employee held by the Company and its Subsidiaries,
including, but not limited to, the Employee’s name, home address and telephone
number, date of birth, Social Security Number or other Employee Identification
Number, salary, nationality, job title, the number of Shares (if any) owned by
the Employee, whether the Employee is a member of the Board of Directors of the
Company or of any of its Subsidiaries, details of all stock options or any
other entitlement to Shares awarded, canceled, purchased, vested, unvested or
outstanding in the Employee’s favor for the purpose of managing and
administering the Program or this Option. 
The Option granted hereunder shall be interpreted to effect the original
intent of the Company as closely as possible to the fullest extent permitted by
applicable law (including, without limitation, any laws governing data
privacy).  If any condition or provision
of this Agreement is invalid, illegal, or incapable of being enforced under any
applicable law or regulation governing data privacy, including the privacy laws
and regulations of the European Economic Area, all other conditions and
provisions of this Agreement shall nevertheless remain in full force and
effect.

 

5

 

(b)                      By
accepting the Option, the Employee voluntarily and unambiguously acknowledges
and consents to the collection, use, processing and transfer of Personal Data
as described in this Section, in electronic or other form.  The Employee is not obligated to consent to
such collection, use, processing and transfer of Personal Data.  However, failure to provide the consent may
affect the Employee’s ability to participate in the Program.  The Employee understands that the Company and
its Subsidiaries will transfer Personal Data amongst themselves as necessary
for the purpose of implementation, administration and management of the
Employee’s participation in the Program, and the Company and/or any of its
Subsidiaries may each further transfer Personal Data to any third parties
assisting the Company in the implementation, administration and management of
the Program, including UBS or such other stock plan service provider as may be
selected by the Company in the future. 
These recipients may be located in the European Economic Area, or
elsewhere throughout the world, such as the United States and the recipients’
country (e.g., the United States) may have different privacy laws and protections
than the Employee’s country.  The
Employee understands that the Employee may request a list with the names and
addresses of any potential recipients of Personal Data by contacting the local
human resources representatives. The Employee hereby authorizes the Company and
its Subsidiaries to receive, possess, use, retain and transfer the Personal
Data, in electronic or other form, for the purposes of implementing,
administering and managing the Employee’s participation in the Program,
including any transfer of such Personal Data as may be required for the
administration of the Program and/or the subsequent holding of Shares on the
Employee’s behalf to a broker or other third party with whom the Employee may
elect to deposit any Shares acquired pursuant to the Program.  The Employee understands that Personal Data
may be held only as long as is necessary to implement, administer and manage
the Employee’s participation in the Program. 
The Employee may, at any time, review Personal Data, request additional
information about the storage and processing of Personal Data, and require any
necessary amendments to such data.  The
Employee may, at any time, withdraw the consents herein in writing, in any case
without cost, by contacting the Company; however, withdrawing such consent may
affect such Employee’s ability to participate in the Program.

 

10.              Compliance with Applicable Laws and
Regulations.  Notwithstanding any
other provision of the Program or this Agreement to the contrary, the Company
shall not be required to issue or deliver any Shares purchased upon any
exercise pending compliance with all applicable federal and state securities
and other laws (including any registration requirements) and compliance with
the rules and practices of any stock exchange upon which the Shares are
listed.

 

6

 

11.              Code Section 409A.  The Option is intended to be exempt
from the requirements of Code Section 409A.  The Program and this Agreement shall be
administered and interpreted in a manner consistent with this intent.  If the Company determines that this Agreement
is subject to Code Section 409A and fails to comply with that section’s
requirements, the Company may, at the Company’s sole discretion, and without
the Employee’s consent, amend the Agreement to cause it to comply with Code Section 409A
or be exempt from Code Section 409A.

 

12.              Succession.  This Agreement shall be binding upon and
operate for the benefit of the Company and its successors and assigns, and the
Employee and the Employee’s Representative.

 

13.              Severability. 
The invalidity or unenforceability of any provision of this Agreement
shall not affect the validity or enforceability of any other provision
of this Agreement, and each other provision of the Agreement shall be severable
and enforceable to the extent permitted by law. 
To the extent a court or tribunal of competent jurisdiction determines
that any provision of this Agreement is invalid or unenforceable, in whole or
in part, the Company, in its sole discretion, shall have the power and
authority to revise or strike such provision to the minimum extent necessary to
make it valid and enforceable to the full extent permitted under local law.

 

14.              Governing Law.  This Agreement shall be governed by and
construed in accordance with the laws of the State of Illinois without giving
effect to the conflict of laws principles thereof.

 

IN WITNESS WHEREOF, the Company has caused
this Agreement to be executed by its duly authorized officer as of the grant
date above set forth.

 

	
   

  	
   

  	
  ABBOTT LABORATORIES

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
  

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Miles
  D. White

  
	
   

  	
   

  	
  Chairman
  and Chief Executive Officer

  

 

7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00153-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00153-of-00352.parquet"}]]