Document:

Bristol-Myers Squibb Company Executive Performance Incentive Plan

 Exhibit 10.3 
 BRISTOL-MYERS SQUIBB COMPANY 
 2003 EXECUTIVE PERFORMANCE INCENTIVE PLAN 
 (As Amended and Restated effective June 10, 2008) 
 1. PURPOSE: The purpose of the Executive Performance Incentive Plan (the ‘Plan’) is to promote the interests of the Bristol-Myers Squibb Company (the ‘Company’) and its stockholders by providing additional compensation
as incentive to certain key executives of the Company and its Subsidiaries and Affiliates who contribute materially to the success of the Company and such Subsidiaries and Affiliates. 
 2. DEFINITIONS: The following terms when used in the Plan shall, for the purposes of the Plan, have the following meanings: 
 (a) ‘Affiliate’ shall mean any entity in which the Company has an ownership interest of at least 20%. 
 (b) ‘Code’ shall mean
the Internal Revenue Code of 1986, as amended. 
 (c) ‘Company’ shall mean the Bristol-Myers Squibb Company, its subsidiaries and affiliates.

 (d) ‘Exchange Act’ shall mean the Securities Exchange Act of 1934, as amended. 
 (e) ‘Retirement’ shall mean termination of the employment of an employee with the Company or a Subsidiary or Affiliate on or
after 
 (i) the employee’s 65th birthday 
 or 
 (ii) the employee’s 55th birthday having completed 10 years of service with the Company.

 (f) ‘Subsidiary’ shall mean any corporation which at the time qualifies as a subsidiary of the Company under the definition of ‘subsidiary
corporation’ in Section 424 of the Code. 
 3. ADMINISTRATION: The Plan shall be administered under the supervision of the Board of Directors of
the Company (the ‘Board’) which shall exercise its powers, to the extent herein provided, through the agency of a Compensation and Management Development Committee (the ‘Committee’) which shall be appointed by the Board. The
Committee shall consist of not less than three (3) members of the Board who meet the definition of ‘outside director’ under the provisions of Section 162(m) of the Code and the definition of ‘non-employee director’
under the provisions of the Exchange Act or the regulations or rules promulgated thereunder. 
 The Committee, from time to time, may adopt rules and
regulations (‘Regulations’) for carrying out the provisions and purposes of the Plan and make such determinations, not inconsistent with the terms of the Plan, as the Committee shall deem appropriate. The Committee may alter, amend or
revoke any Regulation adopted. The interpretation and construction of any provision of the Plan by the Committee shall, unless otherwise determined by the Board, be final and conclusive. 
 The Committee may delegate its responsibilities for administering the Plan to a committee of key executives as the Committee deems necessary. Any awards under the Plan to members of this committee and to such other of
the Participants as may be determined from time to time by the Board or the Committee shall be referred to the Committee or Board for approval. However, the Committee may not delegate its responsibilities under the Plan relating to any executive who
is subject to the provisions of Section 162(m) of the Code or in regard to the issuance of any stock under Paragraph 6(c). 
  

 E-10-3 

 4. PARTICIPATION: ‘Participants’ in the Plan shall be such key executives of the Company as may be designated
by the Committee to participate in the Plan with respect to each fiscal year. 
 5. PERFORMANCE INCENTIVE AWARDS: 
 (a) For each fiscal year of the Company, the Committee shall determine the following: 
 (i) The Company, Subsidiaries and/or Affiliates to participate in the Plan for such fiscal year. 
 (ii) The
executives who will participate in the Plan for such fiscal year. 
 (iii) The basis(es) for determining the maximum amount of the Awards to
such Participants will be dependent upon the attainment by the Company or any Subsidiary or Affiliate or subdivision thereof of any specified performance goal or objective. Performance measures established by the Committee may relate to the Total
Company or a business unit. Performance measures may be set at a specific level or may be expressed as relative to the comparable measures at comparison companies or a defined index. Performance criteria for Awards under the Plan may include one or
more of the following operating performance measures: 
  

			
	 a.      Earnings
 b.      Revenue
 c.      Operating or net cash flows
 d.      Research and development milestones
	 	 e.      Financial return ratios
 f.       Total shareholder return
 g.      Market share
 h.      Product commercialization milestones

 (iv) For Participants subject to 162(m) of the Code, the Committee shall establish one or more
objectively determinable performance measures based on the criteria described above no later than 90 days after the beginning of the fiscal year and at a time when the achievement of such measure (or measures) is substantially uncertain. No award
shall be paid to a Participant unless the Committee determines that the performance measures applicable to that Participant have been achieved. 
 (v) For any Participant not subject to Section 162(m) of the Code, other performance measures or objectives, whether quantitative or qualitative, may be established. The Committee shall establish the specific targets for the selected
measures. These targets may be set at a specific level or may be expressed as relative to the comparable measure at comparison companies or a defined index. 
 The Committee may, in its discretion, reduce the award payable to any Participant below the amount determined by the objective performance measures established for that Participant. The Committee’s discretion may
not be exercised to increase the award payable to any Participant subject to Section 162(m) of the Code above the amount determined by the applicable performance measure. In addition, the exercise of the Committee’s discretion to reduce
the award payable to any Participant may not increase the award payable to any other executive subject to Section 162(m) of the Code. 
 (vi) The Committee may require or a Participant may request the Committee to approve deferred payment of a percentage (not less than 25%) of an Award (the ‘Deferred Portion’). Any Award or portion of Award which the Committee does
not require deferral of or the Participant does not request deferral of shall be paid subject to the provisions of Paragraph 6 (the ‘Current Portion’). Any Award which includes a Deferred Portion shall be subject to the terms and
conditions stated in Paragraph 9 and in any Regulations established by the Committee. 
  

 E-10-3 

 (b) At any time after the commencement of a fiscal year for which Awards have been determined, but prior to the close
thereof, the Committee may, in its discretion, eliminate or add Participants, or increase or decrease the Award of any Participant; but the Committee may not alter any election made relative to establishing a Deferred Portion of an Award or which
would cause any Award to lose deductibility under Section 162(m) of the Code. Any changes or additions with respect to Awards of members of any committee established to oversee the Plan shall be referred to the Board or Committee, as
appropriate, for approval. 
 6. PAYMENT OF CURRENT PORTION OF PERFORMANCE INCENTIVE AWARDS: 
 (a) Subject to such forfeitures of Awards and other conditions as are provided in the Plan, the Awards made to Participants shall be paid to them or their beneficiaries as follows: 
 (i) As soon as practicable after the end of the fiscal year, the Committee shall determine the extent to which Awards have been earned on the basis of the
actual performance in relation to the established performance objectives as established for that fiscal year. Such Awards are only payable to the extent that the Participant has performed their duties to the satisfaction of the Committee.

 (ii) While no Participant has an enforceable right to receive a Current Portion until the end of the fiscal year as outlined in
(i) above, payments on account of the Current Portion may be provisionally made in accordance with the Regulations, based on tentative estimates of the amount of the Award. A Participant shall be required to refund any portion or all of such
payments in order that the total payments may not exceed the Current Portion as finally determined, or if the Participant shall forfeit their Award for any reason during the fiscal year. However, any Participant subject to Section 162(m) of the
Code may not receive such provisional payments. 
 (b) There shall be deducted from all payments of Awards any taxes required to be withheld by any
government entity and paid over to any such government in respect of any such payment. Unless otherwise elected by the Participant, such deductions shall be at the established Withholding Tax Rate. Participants may elect to have the deduction of
taxes cover the amount of any Applicable Tax (the amount of Withholding Tax plus the incremental amount determined on the basis of the highest marginal tax rate applicable to such Participant). 
 (c) Form of Payment. The Committee shall determine whether payment with respect to the Current Portion of an Award, or to the payment of a Deferred Portion made under
the provisions of Paragraph 9, shall be made entirely in cash, entirely in Common Stock of the Company, or partially in cash and partially in Common Stock. Further, if the Committee determines that payment should be made in the form of Restricted
Shares of Common Stock of the Company, the Committee shall designate the restrictions which will be placed upon the Common Stock and the duration of those restrictions. For any fiscal year, the Committee may not cause Awards to be made under this
provision which would result in the issuance, either on a current or restricted basis, of more than two-tenths of one percent of the number of shares of Common Stock of the Company issued and outstanding as of January 1 of the fiscal year
relating to the payment. 
 7. MAXIMUM PAYMENTS UNDER THE PLAN: Payments under the Plan shall be subject to the following maximum levels. 
 (a) Total Payments. The total amount of Awards paid under the Plan relating to fiscal year may not exceed two percent of the operating pretax earnings for the Company in
that fiscal year. 
 (b) Maximum Individual Award. The maximum amount which any individual Participant may receive relating to any fiscal year may not exceed
0.15 percent of the operating pretax earnings for the Company in that fiscal year. 
 8. CONDITIONS IMPOSED ON PAYMENT OF AWARDS: Payment of each Award to a
Participant or to the Participant’s beneficiary shall be subject to the following provisions and conditions: 
 (a) Rights to Awards. No Participant or
any person claiming under or through the Participant shall have any right or interest, whether vested or otherwise, in the Plan or in any Award thereunder, contingent or otherwise, unless and until all of the terms, conditions and provisions of the
Plan and the Regulations that affect such Participant or such other person shall have been complied with. Nothing contained in the Plan or in the Regulations shall require the Company to segregate or earmark any cash, shares or stock or other
property. Neither the adoption of the Plan nor its operation shall in any way affect the rights and power of the Company or of any Subsidiary or Affiliate to dismiss and/or discharge any employee at any time. 
  

 E-10-3 

 (b) Assignment or Pledge of Rights of Participant. No rights under the Plan, contingent or otherwise, shall be assignable
or subject to any encumbrance, pledge or charge of any nature except that a Participant may designate a beneficiary for the Deferred Portion of an Award pursuant to the provisions of Paragraph 10. 
 (c) Rights to Payments. No absolute right to any Award shall be considered as having accrued to any Participant prior to the close of the fiscal year with respect to
which an Award is made and then such right shall be absolute only with respect to any Current Portion thereof; the Deferred Portion will continue to be forfeitable and subject to all of the conditions of the Plan. No Participant shall have any
enforceable right to receive any Award made with respect to a fiscal year or to retain any payment made with respect thereto if for any reason (death included) the Participant, during such entire fiscal year, has not performed their duties to the
satisfaction of the Company. 
 9. DEFERRAL OF PAYMENTS: Any portion of an Award deemed the Deferred Portion under Paragraph 5(a)(vi) shall be subject to the
following: 
 (a) The Committee will, in its sole discretion, determine whether or not a Deferred Portion may be elected by the Participant under an Award or
if a Deferred Portion shall be required. If a Deferred Portion election is permitted for an Award, the Committee will establish guidelines regarding the date by which such deferral election by the Participant must be made in order to be effective.

 (b) Concurrent with the establishment of a Deferred Portion for any Award, the Participant shall determine, subject to the approval of the Committee, the
portion of any Participant’s Deferred Portion that is to be valued by reference to the Performance Incentive Fixed Income Fund (hereinafter referred to as the ‘Fixed Income Fund’), the portion that is to be valued by reference to the
Performance Incentive Equity Fund (hereinafter referred to as the ‘Equity Fund’), the portion that is to be valued by reference to the Performance Incentive Company Stock Fund (hereinafter referred to as the ‘Stock Fund’) and the
portion that shall be valued by reference to any other fund(s) which may be established by the Committee for this purpose. 
 (c) Prior to the beginning of
each fiscal year, the Committee shall determine if the Fund(s) used to value the account of any Participant may be changed from the Fund currently used to any other Fund established for use under this Plan. Any such determination relating to a
member of the Committee shall be referred to the Board (or such Committee of the Board as may be designated by the Board) for approval. 
 (d) Payment of the
total amount of a Participant’s Deferred Portions shall be made to the Participant, or, in case of the death of the Participant prior to the commencement of payments on account of such total amount, to the Participant’s beneficiary, in
installments commencing as soon as practical after the Participant shall cease, by reason of death or otherwise, to be an employee of the Company. In case of the death of any Participant after the commencement of payments on account of the total of
the Deferred Portions, the then remaining unpaid balance thereof shall continue to be paid in installments, at such times and in such manner as if such Participant were living, to the beneficiary(ies) of the Participant. However, the Committee shall
possess absolute discretion to accelerate the time of payment of any remaining unpaid balance of the Deferred Portions to any extent that it shall deem equitable and desirable under circumstances where the Participant at the time of payment shall no
longer be an employee of the Company or shall have died, subject to Section 9(j). 
  

 E-10-3 

 (e) Conduct of Participant Following Termination of Employment. If, following the date on which a Participant shall cease
to be an employee of the Company, the Participant shall at any time either disclose to unauthorized persons confidential information relative to the business of any of the Company or otherwise act or conduct themselves in a manner which the
Committee shall determine is inimical or contrary to the best interest of the Company, the Company’s obligation to make any further payment on account of the Deferred Portions of such Participant shall forthwith terminate. 
 (f) Assignment of Rights by Participant or Beneficiary. If any Participant or beneficiary of a Participant shall attempt to assign their rights under the Plan in
violation of the provisions thereof, the Company’s obligation to make any further payments to such Participant or beneficiary shall forthwith terminate. 
 (g) Determination of Breach of Conditions. The determination of the Committee as to whether an event has occurred resulting in a forfeiture or a termination or reduction of the Company’s obligation in accordance with the foregoing
provisions of this Paragraph 9 shall be conclusive. 
 (h) Fund Composition and Valuation. Deferred Portions of Awards under the Plan shall be valued and
maintained as follows: 
 (i) In accordance with the provisions, and subject to the conditions, of the Plan and the Regulations, the Deferred
Portion as established by the Committee shall be valued in reference to the Participants’ account(s) in the Equity Fund, in the Fixed Income Fund, in the Company Stock Fund, and in any other Fund established under this Plan. Account balances
shall be maintained as dollar values, units or share equivalents as appropriate based upon the nature of the fund. For unit or share-based funds, the number of units or shares credited shall be based upon the established unit or share value as of
the last day of the quarter preceding the crediting of the Deferred Portion. 
 (ii) Investment income credited to Participants’ accounts
under the Fixed Income Fund shall be determined by the Committee based upon the prevailing rates of return experienced by the Company. The investment income credited to participants under the Equity Fund shall be established based upon the
performance of a specific basket of equity investments. The Company shall advise Participants of the specific measures used and the current valuations of these Funds as appropriate to facilitate deferral decisions, investment choices and to
communicate payout levels. The Company Stock Fund shall consist of units valued as one share of Common Stock of the Company (par value $.10). 
 (iii) Nothing contained in the Fund definitions in Paragraphs 9(h)(i) and 9(h)(ii) shall require the Company to segregate or earmark any cash, shares, stock or other property to determine Fund values or maintain Participant account levels.

 (iv) Alternative Funds. The establishment of the ‘Fixed Income Fund’, the ‘Equity Fund’ and the ‘Stock Fund’
as detailed in Paragraphs 9(h)(i) and 9(h)(ii) shall not preclude the right of the Committee to direct the establishment of additional investment funds (‘Funds’). 
 In establishing such Funds, the Committee shall determine the criteria to be used for determining the value of such Funds. 
 (i) Accelerated Distributions. The Committee may, at its sole discretion, allow for the early payment of a Participant’s Deferred Portion(s) in the event of an
‘unforeseeable emergency’. An ‘unforeseeable emergency’ is defined as an unanticipated emergency caused by an event beyond the control of the Participant that would result in severe financial hardship if the distribution were not
permitted. Such distributions shall be limited to the amount necessary to sufficiently address the financial hardship. Any distributions under this provision shall be consistent with all rules and regulations established under the Code. 

 

 E-10-3 

 (j) Certain Provisions to Ensure Compliance with Section 409A. Other provisions of the Plan
notwithstanding, the terms of any Deferred Portion (which term includes earnings thereon) which resulted from the 2004 performance year or a later performance year (a “409A Deferral”, subject to additional terms below), including any
authority of the Company and rights of the Participant with respect to the 409A Deferral, shall be limited to those terms permitted under Section 409A, and any terms not permitted under Section 409A shall be automatically modified and
limited to the extent necessary to conform with Section 409A but only to the extent that such modification or limitation is permitted under Section 409A and the regulations and guidance issued thereunder. The 409A Deferrals for each
performance year, and installments payable as distributions, shall each be deemed a separate payment under Section 409A. In addition, other provisions of the Plan notwithstanding, the following rules will apply: 
  

	 	(i)	Elections to further defer any portion of a 409A Deferral, if permitted at all, will be permitted only at times in compliance with Section 409A, in accordance with the rules
set forth on Exhibit A to the Company’s 2007 Stock Award and Incentive Plan, as amended, which Exhibit is hereby incorporated into and made a part of this Plan; 

  

	 	(ii)	Distribution. Except as provided in Section 9(j)(iii) hereof, no 409A Deferral shall be distributable to a Participant (or his or her beneficiary) except upon the occurrence of
one of the following (or a date related to the occurrence of one of the following), which must be specified in a written document governing such 409A Deferral and otherwise meet the requirements of Treasury Regulation § 1.409A-3:

  

	 	(A)	Specified Time. A specified time or a fixed schedule. 

  

	 	(B)	Separation from Service. The Participant’s separation from service (within the meaning of Treasury Regulation § 1.409A-1(h) and other applicable rules under
Section 409A); provided, however, that if the Participant is a “key employee” (as defined in Code Section 416(i) without regard to paragraph (5) thereof) and any of the Company’s stock is publicly traded on an
established securities market or otherwise, settlement under this Section 9(j)(ii)(B) shall instead occur at the expiration of the six-month period under Section 409A(a)(2)(B)(i). In the case of installments, this delay shall not affect
the timing of any installment otherwise payable after the six-month delay period; 

  

	 	 (C)
	 Death. The death of the Participant. Unless a specific time otherwise is stated for payment of a 409A Award upon death,
such payment shall occur in the calendar year in which falls the 30th day after death 

  

	 	(D)	Disability. The date the Participant has experienced a 409A Disability (as defined below). 

  

	 	(E)	409A Ownership/Control Change. The occurrence of a 409A Ownership/Control Change (as defined below). 

  

	 	(iii)	No Acceleration. The distribution of a 409A Deferral may not be accelerated prior to the time specified in accordance with Section 9(j)(iii) hereof, except in the case of one
of the following events: 

  

	 	(A)	Unforeseeable Emergency. The occurrence of an Unforeseeable Emergency, as defined below, but only if the net amount payable upon such settlement does not exceed the amounts
necessary to relieve such emergency plus amounts necessary to pay taxes reasonably anticipated as a result of the settlement, after taking into account the extent to which the emergency is or may be relieved through reimbursement or compensation
from insurance or otherwise or by liquidation of the Participant’s other assets (to the extent such liquidation would not itself cause severe financial hardship), or by cessation of deferrals under the Plan. Upon a finding that an Unforeseeable
Emergency has occurred with respect to a Participant, any election of the Participant to defer compensation that will be earned in whole or part by services in the year in which the emergency occurred or is found to continue will be immediately
cancelled. 

  

 E-10-3 

	 	(B)	Domestic Relations Order. The 409A Deferral may permit the acceleration of the exercise or distribution time or schedule to an individual other than the Participant as may be
necessary to comply with the terms of a domestic relations order (as defined in Section 414(p)(1)(B) of the Code). 

  

	 	(C)	Conflicts of Interest. Such 409A Deferral may permit the acceleration of the settlement time or schedule as may be necessary to comply with an ethics agreement with the Federal
government or to comply with a Federal, state, local or foreign ethics law or conflict of interest law in compliance with Treasury Regulation § 1.409A-3(j)(4)(iii). 

  

	 	(D)	Change. The Committee may exercise the discretionary right to accelerate the vesting of any unvested compensation deemed to be a 409A Deferral upon a 409A Ownership/Control Change
or to terminate the Plan upon or within 12 months after a 409A Ownership/Control Change, or otherwise to the extent permitted under Treasury Regulation § 1.409A-3(j)(4)(ix), or accelerate settlement of such 409A Deferral in any other
circumstance permitted under Treasury Regulation § 1.409A-3(j)(4). 

  

	 	(iv)	Definitions. For purposes of this Section 9(j), the following terms shall be defined as set forth below: 

  

	 	(A)	“409A Ownership/Control Change” shall be deemed to have occurred if, in connection with any event otherwise defined as a change in control under any applicable Company
document, there occurs a change in the ownership of the Company, a change in effective control of the Company, or a change in the ownership of a substantial portion of the assets of the Company, as defined in Treasury Regulation
§ 1.409A-3(i)(5). 

  

	 	(B)	“409A Disability” means an event which results in the Participant being (i) unable to engage in any substantial gainful activity 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 12 months, or (ii) 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 12 months, receiving income replacement benefits for a period of not less than three months under an accident and health plan covering employees
of the Company or its subsidiaries. 

  

	 	(C)	“Unforeseeable Emergency” means a severe financial hardship to the Participant resulting from an illness or accident of the Participant, the Participant’s spouse, or
a dependent (as defined in Code Section 152, without regard to Code Sections 152(b)(1), (b)(2), and (d)(1)(B)) of the Participant, loss of the Participant’s property due to casualty, or similar extraordinary and unforeseeable circumstances
arising as a result of events beyond the control of the Participant, and otherwise meeting the definition set forth in Treasury Regulation § 1.409A-3(i)(3). 

  

	 	(v)	Time of Distribution. In the case of any distribution of a 409A Deferral, if the timing of such distribution is not otherwise specified in the Plan or an applicable agreement or
other governing document, the distribution shall be made within 60 days after the date at which the settlement of the 409A Deferral is specified to occur. The Participant shall have no influence on any determination as to the tax year in which the
distribution will be made. 

  

	 	(vi)	Determination of “Key Employee.” For purposes of a distribution under Section 9(j)(ii)(B), status of a Participant as a “key employee” shall be
determined annually under the Company’s administrative procedure for such determination for purposes of all plans subject to Section 409A. 

  

 E-10-3 

	 	(vii)	Non-Transferability. Other provisions of the Plan notwithstanding, no 409A Deferral or other right of a Participant under the Plan shall be subject to anticipation, alienation,
sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors of the Participant or the Participant’s Beneficiary. 

  

	 	(viii)	Distribution Changes. The Committee may, in its discretion, require or permit on an elective basis a change in the distribution terms applicable to a 409A Deferral in accordance
with, and to the fullest extent permitted by, applicable guidance of the Internal Revenue Service (including Proposed Treasury Regulation § 1.409A, Preamble § XI.C and IRS Notice 2005-1), and otherwise in accordance with Section 409A
and regulations thereunder. The Senior Vice President-Human Resources of the Company is authorized to permit election of different deferral periods provided that any such modifications may not otherwise increase the benefits to Participants or the
costs of a 409A Deferral to the Company (other than through changes in value of the notional investment). Other provisions of this Plan notwithstanding, changes to distribution timing resulting from amendments to this Plan in 2008 shall not have the
affect of accelerating distributions into 2008 or causing distributions that otherwise would have occurred in 2008 to be deferred until a year after 2008. 

  

	 	(ix)	Scope and Application of this Provision. For purposes of this provision, references to a term or event (including any authority or right of the Company or a Participant) being
“permitted” under Section 409A mean that the term or event will not cause the Participant to be deemed to be in constructive receipt of compensation relating to the 409A Deferral prior to the distribution of cash, shares or other
property or to be liable for payment of interest or a tax penalty under Section 409A. 

  

	 	(x)	Special Disability Provision. In case of a Disability of a Participant, for any 409A Deferral the Company shall determine whether there has occurred a “separation from
service” as defined under Treasury Regulation § 1.409A-1(h) based on the Participant’s circumstances, in which case such Disability will be treated as a separation from service for purposes of determining the time of payment of such
Deferred Portion. The Company’s determination hereunder will be made initially within 30 days after the Disability and each March and December thereafter. 

  

	 	(xi)	Grandfathered Deferrals. Any Deferred Portion that resulted from a performance year earlier than 2004 (a “Non-409A Deferred Portion”) is intended to be
“grandfathered” under Section 409A. No amendment or change to the Plan or other change (including an exercise of discretion) with respect to such grandfathered Non-409A Deferred Portion after October 3, 2004, shall be effective
if such change would constitute a “material modification” within the meaning of applicable guidance or regulations under Section 409A, except in the case of a Deferred Portion that is, following such modification, compliant as a 409A
Deferral or compliant with an exemption under Section 409A (in which case such Deferred Portion shall be deemed to be a 409A Deferral). 

 10. DESIGNATION OF BENEFICIARY FOR DEFERRED PORTION: A Participant may name a beneficiary to receive any Deferred Portion under Paragraph 5(a)(vi) to which the Participant may be entitled under the Plan in the event of their death, on a
form to be provided by the Committee. A Participant may change their beneficiary from time to time in the same manner. 
 If no designated beneficiary is
living on the date on which any Deferred Portion becomes payable to a Participant’s beneficiary, such payment will be payable to the person or persons in the first of the following classes of successive preference: 
 (a) Widow or Widower, if then living 
  

 E-10-3 

 (b) Surviving children, equally 
 (c) Surviving parents, equally 
 (d) Surviving brothers and sisters, equally 
 (e) Executors or administrators 
 and the term ‘beneficiary’ as used in the Plan shall include such person or
persons. 
 11. MISCELLANEOUS: 
 (a) By accepting any benefits
under the Plan, each Participant and each person claiming under or through him shall be conclusively deemed to have indicated acceptance and ratification of, and consent to, any action taken or made to be taken or made under the Plan by the Company,
the Board, the Committee or any other committee appointed by the Board. 
 (b) Any action taken or decision made by the Company, the Board, the Committee, or
any other committee appointed by the Board arising out of or in connection with the construction, administration, interpretation or effect of the Plan or of the Regulations shall lie within its absolute discretion, as the case may be, and shall be
conclusive and binding upon all Participants and all persons claiming under or through any Participation. 
 (c) No member of the Board, the Committee, or
any other committee appointed by the Board shall be liable for any act or failure to act of any other member, or of any officer, agent or employee of such Board or Committee, as the case may be, or for any act or failure to act, except on account of
their own acts done in bad faith. The fact that a member of the Board shall then be, shall theretofore have been or thereafter may be a Participant in the Plan shall not disqualify them from voting at any time as a director with regard to any matter
concerning the Awards, or in favor of or against any amendment or alteration of the Plan, provided that such amendment or alteration shall provide no benefit for directors as such and provided that such amendment or alteration shall be of general
application. 
 (d) The Board, the Committee, or any other committee appointed by the Board may rely upon any information supplied to them by any officer of
the Company or any Subsidiary and may rely upon the advice of counsel in connection with the administration of the Plan and shall be fully protected in relying upon information or advice. 
 (e) Notwithstanding anything to the contrary in the Plan, neither the Board nor the Committee shall have any authority to take any action under the Plan where such
action would affect the Company’s ability to account for any business combination as a ‘pooling of interests.’ 
 12. AMENDMENT OR
DISCONTINUANCE: The Board may alter, amend, suspend or discontinue the Plan, but may not, without approval of the holders of a majority of the Company’s Common Stock ($0.10 par value) and $2.00 Convertible Preferred Stock ($1 par value) make
any alteration or amendment thereof which would permit the total payments under the Plan for any year to exceed the limitations provided in paragraph 7 hereof or to allow for the issuance of Company Common Stock in excess of the limitation provided
in Paragraph 6(c). 
 13. EFFECTIVE DATE: The Plan will be effective for all fiscal years beginning with 2003 by action of the Board of Directors conditioned
on and subject to approval of the Plan, by a vote of the holders of a majority of the shares of Common Stock and $2.00 Convertible Preferred Stock of the Company present in person or by proxy at a duly held stockholders meeting at which a quorum
representing a majority of all outstanding voting stock is present. The Committee may exercise its discretion to make no award payments to Participants subject to Section 162(m) of the Code in respect of the 2007 fiscal year or any later fiscal
year (other than awards properly deferred from earlier fiscal years) if the Plan has not been reapproved by the Company’s stockholders at the first meeting of stockholders during 2007, if necessary for compliance with Section 162(m) of the
Code. 
  

 E-10-3Bristol-Myers Squibb Company 2007 Senior Executive Performance Incentive Plan

 Exhibit 10.4 
 BRISTOL-MYERS SQUIBB COMPANY 
 2007 SENIOR EXECUTIVE PERFORMANCE INCENTIVE PLAN 
 (As Amended and Restated effective June 10, 2008) 
 1. Purpose. The purpose of this 2007 Senior Executive Performance Incentive Plan (the “Plan”) is to aid Bristol-Myers Squibb Company, a Delaware corporation (together with its successors and assigns,
the “Company”), in attracting, retaining, motivating and rewarding executive employees of the Company or its subsidiaries or affiliates by providing for awards that will serve as an incentive to annual performance by executive employees
who contribute materially to the success of the Company and its subsidiaries and affiliates. The Plan authorizes annual incentive awards that are intended to qualify as “performance-based compensation” that is tax deductible without
limitation under Section 162(m) of the Internal Revenue Code. 
 2. Definitions. In addition to the terms defined in
Section 1 above and elsewhere in the Plan, the following capitalized terms used in the Plan have the respective meanings set forth in this Section: 
 (a) “Award” means the amount of a Participant’s Award Opportunity in respect of a given Performance Year determined by the Committee to have been earned and to be payable or potentially payable to the
Participant, subject to any conditions as may be imposed by the Committee. 
 (b) “Award Opportunity” means a specified percentage
of the Award Pool that a Participant potentially may earn in a specified Performance Year, subject to such additional requirements as the Committee may impose. An Award Opportunity constitutes a conditional right to receive an Award. 
 (c) “Award Pool” means a hypothetical cash amount equal to two percent of the Pretax Earnings for a specified Performance Year. Pretax Earnings
for this purpose may not include Pretax Earnings from any period not included in the designated Performance Year and, if Performance Years overlap, the Committee must specify counting rules so that the aggregate of Award Pools for such Performance
Years does not exceed the limit of two percent of the Pretax Earnings during the relevant periods. 
 (d) “Beneficiary” means the
person, persons, trust or trusts designated as being entitled to receive the benefits under a Participant’s Award Opportunity or Award upon and following a Participant’s death. Unless otherwise determined by the Committee, a Participant
may designate a person, persons, trust or trusts as his or her Beneficiary, and in the absence of a designated Beneficiary the Participant’s Beneficiary shall be as specified in Section 8(a). Unless otherwise determined by the Committee,
any designation of a Beneficiary other than a Participant’s spouse shall be subject to the written consent of such spouse. 
 (e)
“Board” means the Company’s Board of Directors. 
 (f) “Code” means the Internal Revenue Code of 1986, as amended.
References to any provision of the Code or regulation thereunder include any successor provisions and regulations, and reference to regulations includes any applicable guidance or pronouncement of the Department of the Treasury and Internal Revenue
Service. 
 (g) “Committee” means the Compensation and Management Development Committee of the Board, the composition and
governance of which is established in the Committee’s Charter as approved from time to time by the Board and subject to other corporate governance documents of the Company. No action of the Committee shall be void or deemed to be without
authority due to the failure of any member, at the time the action was taken, to meet any qualification standard set forth in the Committee Charter or this Plan. The Committee may specify that any of its actions shall be subject to the approval of
the Board. 
  

 E-10-4 

 (h) “Covered Employee” means a person designated by the Committee as likely, with respect to a
given fiscal year of the Company, to be the Chief Executive Officer or one of the other persons who will be named executive officers whose compensation potentially will be subject to the limitations on tax deductibility under Code
Section 162(m) for that year (or a later year in which an Award may be settled). This designation generally is required at the time an Award Opportunity is granted. 
 (i) “Pretax Earnings” means the Company’s earnings from continuing operations on a consolidated basis before deduction of income taxes as reported (or to be reported) in the Company’s financial
statements, less pretax minority interest expenses, and excluding discontinued operations, extraordinary items and other non-recurring items, in each case as determined in accordance with generally accepted accounting principles or identified in the
Company’s financial statements, notes to the financial statements, management’s discussion and analysis or other filings with the U.S. Securities and Exchange Commission. 
 (j) “Participant” means a person who has been granted an Award Opportunity or Award under the Plan which remains outstanding. 
 (k) “Performance Year” means the fiscal year or portion thereof specified by the Committee as the period over which Pretax Earnings are to be
measured as a basis for determining the level of funding of the Award Pool. 
 (l) “Retirement” means a Participant’s
Termination of Employment with the Company or a subsidiary or affiliate in the following circumstances: 
  

	 	(i)	At or after the Participant’s 65th birthday; or 

  

	 	(ii)	At or after the Participant’s 55th birthday having completed 10 years of service with the Company and/or its subsidiaries and affiliates; or 

  

	 	(iii)	Such termination is by the Company or a subsidiary or affiliate not for cause and is not voluntary on the part of the Participant, at or after the Participant has attained age plus
years of service (rounded up to the next higher whole number) which equals at least 70 and the Participant has completed 10 years of service with the Company and/or its subsidiaries and affiliates, and the Participant has executed a general release
and has agreed to be subject to covenants relating to noncompetition, nonsolicitation and other commitments for the protection of the Company’s business as then may be required by the Committee (subject to Section 7(e)(ix)).

 (m) “Termination of Employment” means the termination of a Participant’s employment with the Company or a
subsidiary or affiliate for any reason, immediately after which the Participant is not employed by the Company or any subsidiary or affiliate; provided, however, that with respect to any distribution of a Deferred Portion (as defined in
Section 6(a)), Termination of Employment shall mean a Participant’s “separation from service” within the meaning of Treasury Regulation § 1.409A-1(h). 
 3. Administration. 
 (a) Authority
of the Committee. The Plan shall be administered by the Committee, which shall have full and final authority, in each case subject to and consistent with the provisions of the Plan, to select eligible employees of the Company and its
subsidiaries to become Participants; to grant Award Opportunities; to prescribe documents setting terms of Award Opportunities and Awards (such 

  

 E-10-4 

 
Award documents need not be identical for each Participant or each Award), amendments thereto, and rules and regulations for the administration of the Plan
and amendments thereto (“Regulations”); to construe and interpret the Plan and Award documents and correct defects, supply omissions or reconcile inconsistencies therein; and to make all other decisions and determinations as the Committee
may deem necessary or advisable for the administration of the Plan. Decisions of the Committee with respect to the administration and interpretation of the Plan shall be final, conclusive, and binding upon all persons interested in the Plan,
including Participants, Beneficiaries, and other persons claiming rights from or through a Participant, and stockholders (except as may be otherwise determined by the Board). The express grant of any specific power to the Committee, and the taking
of any action by the Committee, shall not be construed as limiting any power or authority of the Committee. 
 (b) Manner of Exercise of
Committee Authority. The Committee may act through subcommittees, including for purposes of qualifying Award Opportunities and Awards under Code Section 162(m) as performance-based compensation, in which case the subcommittee shall be
subject to any limitations under the Committee Charter, and the acts of the subcommittee shall be deemed to be acts of the Committee hereunder. The Committee may delegate to one or more officers or managers of the Company or any subsidiary or
affiliate, or committees thereof, the authority, subject to such terms as the Committee shall determine, to perform such functions, including administrative functions, as the Committee may determine, to the extent that such delegation (i) will
not cause Award Opportunities and Awards intended to qualify as performance-based compensation under Code Section 162(m) to fail to so qualify, and (ii) will not result in a related-party transaction with an executive officer required to
be disclosed under Item 404(a) of Regulation S-K (in accordance with Instruction 5.a.ii thereunder) under the Exchange Act. 
 (c)
Limitation of Liability. The Committee and each member thereof, and any person acting pursuant to authority delegated by the Committee, shall be entitled, in good faith, to rely or act upon any report or other information furnished by any
executive officer, other officer or employee of the Company or a subsidiary or affiliate, the Company’s independent auditors, consultants or any other agents assisting in the administration of the Plan. Members of the Committee, any person
acting pursuant to authority delegated by the Committee, and any officer or employee of the Company or a subsidiary or affiliate acting at the direction or on behalf of the Committee or a delegee shall not be personally liable for any action or
determination taken or made in good faith with respect to the Plan, and shall, to the extent permitted by law, be fully indemnified and protected by the Company with respect to any such action or determination. 
 4. Eligibility and Per-Person Limits. Employees of the Company or any subsidiary or affiliate who are or may become executive officers of the
Company may be selected by the Committee to participate in this Plan in a specified Performance Year. The maximum Award Opportunity of any individual Participant who is the Chief Executive Officer during any part of a Performance Year shall be 20%
of the Award Pool for that Performance Year and for any other individual Participant shall be 15% of the Award Pool for that Performance Year, provided that the aggregate of all Award Opportunities under this Plan for that Performance Year may not
exceed 100% of the Award Pool. 
 5. Designation and Earning of Award Opportunities. 
 (a) Designation of Award Opportunities. The Committee shall select employees to participate in the Plan and designate the Performance Year of such
participation. The Committee shall designate, for each such Participant, the Award Opportunity such Participant may earn for such Performance Year and any conditions to the earning of such Award Opportunity or portions thereof (in addition to the
requirement that Pretax Earnings be achieved in order to fund the Award Pool). Award Opportunities will be denominated in cash and Awards will be payable in cash, except that the Committee may denominate an Award Opportunity in shares of Common
Stock or equity awards based on Common Stock or provide for payment of a cash-denominated Award Opportunity in the form of such shares or equity awards if and to the extent that the shares or equity awards are available under the 2007 Stock Award
and Incentive Plan (or a successor thereto) and authorized for use hereunder in accordance with applicable requirements of such other plan. Except for shares drawn from such other plan, no shares of Common Stock are specifically reserved for
issuance under this Plan. 
  

 E-10-4 

 (b) Award Opportunities of Covered Employees. If the Committee determines that an Award
Opportunity to be granted to an eligible person who is designated a Covered Employee by the Committee should qualify as performance-based compensation for purposes of Code Section 162(m), the Committee will specify the Performance Year and the
Participant’s Award Opportunity by the date which is the earlier of (i) 90 days after the beginning of the applicable Performance Year or (ii) the time 25% of such Performance Year has elapsed. Any settlement or other event which
would change the form of payment from that originally specified shall be implemented in a manner such that the Award does not, solely for that reason, fail to qualify as performance-based compensation for purposes of Code Section 162(m).

 (c) Additional Participants and Award Opportunity Designations During a Performance Year. At any time during a Performance Year,
the Committee may select a new employee or a newly promoted employee to participate in the Plan for that Performance Year and/or designate, for any such Participant, an Award Opportunity (or additional Award Opportunity) for such Performance Year or
a different Performance Year. In determining the amount of the Award Opportunity for such Participant under this Section 5(c), the Committee may take into account the portion of the Performance Year already elapsed, the performance achieved
during such elapsed portion of the Performance Year, and such other considerations as the Committee may deem relevant. 
 (d)
Determination of Award. During the year following the Performance Year, within a reasonable time after the end of each Performance Year and financial results for the Performance Year have become available (but not later than March 15 for
any portion of an Award for which the substantial risk of forfeiture lapsed during the Performance Year), the Committee will determine the extent to which the Award Pool is funded and Award Opportunities for the Performance Year have been earned,
and the Award for each Participant for such Performance Year. The Committee may not adjust the amount of an Award under Section 5(b) upward so that the Award exceeds the level of earning of the related Award Opportunity actually achieved based
on Pretax Earnings performance. Unless otherwise determined by the Committee (or otherwise provided under a separate agreement, plan or policy conferring rights on the Participant), the Award shall be deemed earned and vested only at the time the
Committee makes the determination pursuant to this Section 5(d) with respect to a Participant who remains employed by the Company or a subsidiary or affiliate at the time of the determination, and no Participant has a legal right to receive an
Award until such determination has been made. 
 (e) Written Determinations. Determinations by the Committee under this
Section 5, including Award Opportunities, the level of Pretax Earnings for the Performance Year and the resulting funding of the Award Pool, and the amount of any Award earned shall be recorded in writing. With regard to Awards intended to
qualify under Section 162(m), the Committee will certify, in a manner conforming to applicable regulations under Section 162(m), prior to settlement of each such Award granted to a Covered Employee, that the Award (and any related Award
Opportunity) has been earned and other material terms upon which earning of the Award was conditioned have been satisfied. 
 (f) Other
Terms of Award Opportunities and Awards. Subject to the terms of this Plan, the Committee may specify the circumstances in which Award Opportunities and Awards shall be paid or forfeited in the event of a change in control, Termination of
Employment or other event prior to the end of a Performance Year or settlement of an Award. With respect to Award Opportunities and Awards under Section 5(b), any payments resulting from a change in control or Termination of Employment need not
qualify as performance-based compensation under Section 162(m) if authorizing such non-qualifying payments would not disqualify the Award Opportunity or Award from Section 162(m) qualification in cases in which no change in control or
Termination of Employment in fact has occurred. 
 (g) Adjustments. The Committee is authorized to make adjustments in the terms and
conditions of, and the criteria included in, Award Opportunities in recognition of unusual or nonrecurring events, including acquisitions and dispositions of businesses and assets, affecting the Company and its subsidiaries or other business unit,
or the financial statements of the Company or any subsidiary, or in response to changes in applicable laws, regulations, accounting principles, tax rates and regulations or 

  

 E-10-4 

 
business conditions or in view of the Committee’s assessment of the business strategy of the Company, any subsidiary or affiliate or business unit
thereof, economic and business conditions, personal performance of a Participant, and any other circumstances deemed relevant; provided, however, that no such adjustment shall be authorized or made if and to the extent that the existence or exercise
of such authority (i) would affect the definition of “Pretax Earnings” so as to increase the amount thereof; (ii) would cause an Award Opportunity or Award under Section 5(b) intended to qualify as performance-based
compensation under Code Section 162(m) and regulations thereunder to fail to so qualify, or (iii) would cause the Committee to be deemed to have authority to change the targets, within the meaning of Treasury Regulation §
1.162-27(e)(4)(vi), with respect to Award Opportunities under Section 5(b) intended to qualify as performance-based compensation under Code Section 162(m) and regulations thereunder. 
 6. Settlement of Awards. 
 (a)
Current and Deferred Portions. The Committee may require or may permit a Participant to elect deferred payment of a percentage (not less than 25%) of an Award (the “Deferred Portion”). Any Award or portion of an Award which the
Committee does not require and the Participant does not validly request to be deferred shall be paid in accordance with Section 6(b) (the “Current Portion”). Any Deferred Portion, and any rights of a Participant to elect deferral,
shall be subject to the terms and conditions stated in Section 7(e) and in any Regulations. A Participant may elect deferral of settlement of an Award only by filing a valid deferral election, on such form as the Committee may require, with the
Company not later than December 31 of the year preceding the Performance Year or at such other election date as the Committee may specify in accordance with Code Section 409A (as required by Section 7(e)). The Current Portion and the
Deferred Portion for each performance year, and installments payable as the Deferred Portion, each shall be deemed a separate payment for purposes of Code Section 409A. 
 (b) Settlement of Award. Any Current Portion of an Award shall be paid and settled by the Company promptly after the date of determination by the
Committee under Section 5(d) hereof. The Current Portion of any Award shall be paid no later than March 15 of the year following the end of the Performance Year to which the Award relates, or, in the case of any award or portion thereof
subject to a substantial risk of forfeiture extending into that following year, the Current Portion may be paid at any time during such following year. 
 (c) Tax Withholding. The Company and its subsidiaries and affiliates shall deduct from any payment in settlement of a Participant’s Award or from any other payment to the Participant, including wages, any
Federal, state, or local withholding or other tax or charge which is then required to be deducted under applicable law with respect to the Award. If any Award is to be settled by delivery of Common Stock, the Company may at its election withhold
shares to cover such withholding taxes. Participants may elect to have the deduction of taxes cover the amount of any applicable tax payable by the Participant in excess of the mandatory withholding tax, with such incremental tax determined on the
basis of the highest marginal tax rate applicable to such Participant, except that if shares of Common Stock are to be withheld, such shares may be withheld only to the extent of the mandatory withholding taxes. 
 (d) Non-Transferability. In addition to the restrictions under Section 7(e)(vi), an Award Opportunity, any resulting Award, including any
Deferred Portion, and any other right hereunder shall be non-assignable and non-transferable, and shall not be pledged, encumbered, or hypothecated to or in favor of any party or subject to any lien, obligation, or liability of the Participant to
any party other than the Company or a subsidiary or affiliate, except that a Participant may designate a Beneficiary pursuant to the provisions of Section 8. 
 7. Deferral of Payments. Any Deferred Portion of an Award shall be subject to the following (certain provisions of Section 7(e) apply also to the Current Portion of an Award): 
 (a) Notional Investment Funds. At such time as may be specified by the Committee, the Participant shall determine, subject to the approval of the
Committee, the portion of his or her Deferred Portion that is to be valued by reference to the Performance Incentive Fixed Income Fund (the “Fixed 

  

 E-10-4 

 
Income Fund”), the portion that is to be valued by reference to the Performance Incentive Company Stock Fund (the “Stock Fund”) and the
portion that shall be valued by reference to any other fund(s) (collectively, the “Funds”) which may be established by the Committee for this purpose. The Committee may from time to time determine whether the Fund(s) used to value the
account of any Participant may be changed from the Fund(s) currently used to any other Fund established for use under this Plan, subject to Section 7(e). 
 (b) Payments in Settlement of Deferred Portions. Unless otherwise determined by the Committee and subject to Section 7(e), payments of a Participant’s Deferred Portions shall be made as follows:
Payment of the total amount of a Participant’s Deferred Portions shall be made to the Participant or, in case of the death of the Participant prior to the commencement of payments of Deferred Portions, to the Participant’s Beneficiary, in
lump sum or in installments (as permitted by the Committee and elected by the Participant) commencing within 30 days after the Participant shall cease, by reason of death or otherwise, to be an employee of the Company; provided that the only
distribution dates that may be permitted hereunder will be dates complying with requirements under Code Section 409A, which among other things may require a six-month delay in a distribution to a “key employee” following separation
from service (in accordance with Section 7(e)(ii)(B)). Certain provisions governing the timing of payment in the event of death are specified in Section 8(a) below. In case of the death of any Participant after the commencement of
installment payments, the then remaining unpaid balance of Deferred Portions shall continue to be paid in installments, at such times and in such manner as if such Participant were living, to the Beneficiary(ies) of the Participant. 
 (c) Conduct of Participant Following Termination of Employment. If, following the date on which a Participant shall cease to be an employee
of the Company, the Participant shall at any time either disclose to unauthorized persons confidential information relative to the business of the Company or otherwise act or conduct themselves in a manner which the Committee shall determine is
inimical or contrary to the best interest of the Company, the Company’s obligation to make any further payment on account of the Participant’s Deferred Portions that resulted from mandatory deferrals shall forthwith terminate. The
determination of the Committee as to whether an event has occurred resulting in a forfeiture or a termination or reduction of the Company’s obligation in accordance with the provisions of this Section 7 shall be conclusive. 
 (d) Fund Composition and Valuation. Deferred Portions of Awards under the Plan shall be valued and maintained as follows: 
  

	 	(i)	In accordance with the provisions, and subject to the conditions, of the Plan and the Regulations, the Deferred Portion as established by the Committee shall be valued in reference
to the Participants’ account(s) in the Fixed Income Fund, in the Company Stock Fund, and in any other Fund(s) established under this Plan. Account balances shall be maintained as dollar values, units or share equivalents as appropriate based
upon the nature of the Fund. Unless otherwise determined by the Committee, for unit or share-based Funds, the number of units or shares credited shall be based upon the established unit or share value as of the last day of the quarter preceding the
crediting of the Deferred Portion. 

  

	 	(ii)	Investment income credited to Participants’ accounts under the Fixed Income Fund shall be determined by the Committee based upon the prevailing rates of return experienced by
the Company. The Company shall advise Participants of the current valuations of the Fixed Income Fund as appropriate to facilitate deferral decisions, investment choices and to communicate payout levels. The Company Stock Fund shall consist of units
each valued as one share of Common Stock of the Company (par value $.10). 

  

	 	(iii)	Nothing contained in the Fund definitions in Sections 7(d)(i) and (ii) shall require the Company to segregate or earmark any cash, shares, or other property to determine Fund
values, maintain Participant account levels or for any other purpose. 

  

 E-10-4 

	 	(iv)	The establishment of the Fixed Income Fund and the Stock Fund as detailed in Sections 7(d)(i) and (ii) shall not preclude the right of the Committee to direct the establishment
of additional investment Funds or to discontinue those Funds. In establishing such Funds, the Committee shall determine the criteria to be used for determining the value of such Funds. 

 (e) Certain Provisions to Ensure Compliance with Section 409A. Other provisions of the Plan notwithstanding, the terms of any
Deferred Portion (which term includes earnings thereon), including any authority of the Company and rights of the Participant with respect to the Deferred Portion, shall be limited to those terms permitted under Section 409A, and any terms not
permitted under Section 409A shall be automatically modified and limited to the extent necessary to conform with Section 409A but only to the extent that such modification or limitation is permitted under Code Section 409A and the
regulations and guidance issued thereunder. In addition, other provisions of the Plan notwithstanding, the following rules will apply: 
  

	 	(i)	Elections to defer any portion of an Award will be permitted only at times in compliance with Section 409A in accordance with the rules set forth on Exhibit A to the
Company’s 2007 Stock Award and Incentive Plan, as amended, which Exhibit is hereby incorporated into and made a part of this Plan; 

  

	 	(ii)	Distribution. Except as provided in Section 7(e)(iii) hereof, no Deferred Portion shall be distributable to a Participant (or his or her beneficiary) except upon the occurrence
of one of the following (or a date related to the occurrence of one of the following), which must be specified in a written document governing such Deferred Portion and otherwise meet the requirements of Treasury Regulation § 1.409A-3:

  

	 	(A)	Specified Time. A specified time or a fixed schedule. 

  

	 	(B)	Separation from Service. The Participant’s separation from service (within the meaning of Treasury Regulation § 1.409A-1(h) and other applicable rules under Code
Section 409A); provided, however, that if the Participant is a “key employee” (as defined in Code Section 416(i) without regard to paragraph (5) thereof) and any of the Company’s stock is publicly traded on an
established securities market or otherwise, settlement under this Section 7(e)(ii)(B) shall instead occur at the expiration of the six-month period under Section 409A(a)(2)(B)(i). In the case of installments, this delay shall not affect
the timing of any installment otherwise payable after the six-month delay period; 

  

	 	(C)	Death. The death of the Participant. 

  

	 	(D)	Disability. The date the Participant has experienced a 409A Disability (as defined below). 

  

	 	(E)	409A Ownership/Control Change. The occurrence of a 409A Ownership/Control Change (as defined below). 

  

	 	(iii)	No Acceleration. The distribution of a Deferred Portion may not be accelerated prior to the time specified in accordance with Section 7(e)(iii) hereof, except in the case of
one of the following events: 

  

	 	(A)	 Unforeseeable Emergency. The occurrence of an Unforeseeable Emergency, as defined below, but only if the net amount payable upon such settlement does not exceed the
amounts necessary to relieve such emergency plus amounts 

  

 E-10-4 

	 	 
necessary to pay taxes reasonably anticipated as a result of the settlement, after taking into account the extent to which the emergency is or may be
relieved through reimbursement or compensation from insurance or otherwise or by liquidation of the Participant’s other assets (to the extent such liquidation would not itself cause severe financial hardship), or by cessation of deferrals under
the Plan. Upon a finding that an Unforeseeable Emergency has occurred with respect to a Participant, any election of the Participant to defer compensation that will be earned in whole or part by services in the year in which the emergency occurred
or is found to continue will be immediately cancelled. 

  

	 	(B)	Domestic Relations Order. The Deferred Portion may permit the acceleration of the exercise or distribution time or schedule to an individual other than the Participant as may be
necessary to comply with the terms of a domestic relations order (as defined in Section 414(p)(1)(B) of the Code). 

  

	 	(C)	Conflicts of Interest. Such Deferred Portion may permit the acceleration of the settlement time or schedule as may be necessary to comply with an ethics agreement with the Federal
government or to comply with a Federal, state, local or foreign ethics law or conflict of interest law in compliance with Treasury Regulation § 1.409A-3(j)(4)(iii). 

  

	 	(D)	Change. The Committee may exercise the discretionary right to accelerate the vesting of any unvested compensation deemed to be a Deferred Portion upon a 409A Ownership/Control
Change or to terminate the Plan upon or within 12 months after a 409A Ownership/Control Change, or otherwise to the extent permitted under Treasury Regulation § 1.409A-3(j)(4)(ix), or accelerate settlement of such Deferred Portion in any
other circumstance permitted under Treasury Regulation § 1.409A-3(j)(4). 

  

	 	(iv)	Definitions. For purposes of this Section 7(e), the following terms shall be defined as set forth below: 

  

	 	(A)	“409A Ownership/Control Change” shall be deemed to have occurred if, in connection with any event otherwise defined as a change in control under any applicable Company
document, there occurs a change in the ownership of the Company, a change in effective control of the Company, or a change in the ownership of a substantial portion of the assets of the Company, as defined in Treasury Regulation
§ 1.409A-3(i)(5). 

  

	 	(B)	“409A Disability” means an event which results in the Participant being (i) unable to engage in any substantial gainful activity 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 12 months, or (ii), 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 12 months, receiving income replacement benefits for a period of not less than three months under an accident and health plan covering employees of
the Company or its subsidiaries. 

  

	 	(C)	 “Unforeseeable Emergency” means a severe financial hardship to the Participant resulting from an illness or accident of the Participant, the
Participant’s spouse, or a dependent (as defined in Code Section 152, without regard to Code Sections 152(b)(1), (b)(2), and (d)(1)(B)) of the Participant, loss of the Participant’s property due to casualty, or similar extraordinary
and unforeseeable 

  

 E-10-4 

	 	 
circumstances arising as a result of events beyond the control of the Participant, and otherwise meeting the definition set forth in Treasury Regulation
§ 1.409A-3(i)(3). 

  

	 	(iv)	Time of Distribution. In the case of any distribution of a Deferred Portion, if the timing of such distribution is not otherwise specified in the Plan or an applicable agreement or
other governing document, the distribution shall be made within 60 days after the date at which the settlement of the Deferred Portion is specified to occur. In the case of both the Current Portion and the Deferred Portion, the Participant shall
have no influence on any determination as to the tax year in which the distribution will be made; 

  

	 	(v)	Determination of “Key Employee.” For purposes of a distribution under Section 7(e)(ii)(B), status of a Participant as a “key employee” shall be
determined annually under the Company’s administrative procedure for such determination for purposes of all plans subject to Code Section 409A. 

  

	 	(vi)	Non-Transferability. Other provisions of the Plan notwithstanding, no Current Portion, Deferred Portion or other right of a Participant under the Plan shall be subject to
anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors of the Participant or the Participant’s Beneficiary. 

  

	 	(vii)	Distribution Changes. The Committee may, in its discretion, require or permit on an elective basis a change in the distribution terms applicable to a Deferred Portion in accordance
with, and to the fullest extent permitted by, applicable guidance of the Internal Revenue Service (including Proposed Treasury Regulation § 1.409A, Preamble § XI.C and IRS Notice 2005-1), and otherwise in accordance with Section 409A
and regulations thereunder. The Senior Vice President — Human Resources of the Company is authorized to permit election of different deferral periods provided that any such modifications may not otherwise increase the benefits to Participants
or the costs of a Deferred Portion to the Company (other than through changes in value of the notional investment). Other provisions of this Plan notwithstanding, changes to distribution timing resulting from amendments to this Plan in 2008 shall
not have the affect of accelerating distributions into 2008 or causing distributions that otherwise would have occurred in 2008 to be deferred until a year after 2008. 

  

	 	(viii)	Scope and Application of this Provision. For purposes of this provision, references to a term or event (including any authority or right of the Company or a Participant) being
“permitted” under Section 409A mean that the term or event will not cause the Participant to be deemed to be in constructive receipt of compensation relating to the Deferred Portion prior to the distribution of cash, shares or other
property or to be liable for payment of interest or a tax penalty under Section 409A. 

  

	 	(ix)	 Release or Other Termination Agreement. If the Company requires a Participant to execute a release, non-competition, or other agreement as a condition to receipt of
a payment upon or following a Termination of Employment, the Company will supply to the Participant a form of such release or other document not later than the date of the Participant’s Termination of Employment, which must be returned within
the time period required by law and must not be revoked by the Participant within the applicable time period in order for Participant to satisfy any such condition. If any amount payable during a fixed period following Termination of Employment is
subject to such a requirement and the fixed period would begin in one year and end in the next, the Company, in determining the time of payment of any such amount, will not be influenced by the timing of any action of the Participant including
execution of such a release or 

  

 E-10-4 

	 	 
other document and expiration of any revocation period. In particular, the Company will be entitled in its discretion to deposit any such payment in escrow
during either year comprising such fixed period, so that such deposited amount is constructively received and taxable income to the Participant upon deposit but with distribution from such escrow remaining subject to the Participant’s execution
and non-revocation of such release or other document. 

  

	 	(x)	Limitation on Setoffs. No setoff by the Company to satisfy any obligation of the participant to the Company is permitted against a 409A Deferral except at the time of distribution
of such 409A Deferral. 

  

	 	(xi)	Special Disability Provision. In case of a Disability of a Participant, for any Deferred Portion the Company shall determine whether there has occurred a “separation from
service” as defined under Treasury Regulation § 1.409A-1(h) based on Participant’s circumstances, in which case such Disability will be treated as a separation from service for purposes of determining the time of payment of such
Deferred Portion. The Company’s determination hereunder will be made initially within 30 days after the Disability and each March and December thereafter. 

 8. Designation of and Payments to Beneficiaries. 
 (a) Distributions in the Event of Death. If a Participant has died and then or thereafter a Current or Deferred Portion becomes distributable to the Participant, such payment will be distributed to the
Participant’s Beneficiary; provided, however, that a person or trust will be deemed a Beneficiary only if he or it is surviving on the date of death of the Participant and if the Participant has designated such person or trust as a Beneficiary
in his or her most recent written and duly filed Beneficiary designation (i.e., any new Beneficiary designation under the Plan cancels a previously filed Beneficiary designation). If no Beneficiary is living at the time of Participant’s death,
any subsequent payment will be distributable to the person or persons in the first of the following classes of successive preference: 
  

	 	(i)	Widow or Widower, if then living; 

  

	 	(ii)	Surviving children, equally; 

  

	 	(iii)	Surviving parents, equally; 

  

	 	(iv)	Surviving brothers and sisters, equally; and 

  

	 	(v)	Executors or administrators; 

 and the term “Beneficiary” as
used in the Plan shall include such person or persons. In case of the death, any Current or Deferred Portion (as to which installment payments have not commenced; if payable in installments, this timing rule applies to commencement of installments)
will become payable to the estate 30 days after the death of the employee. The representatives of the Participant’s estate shall be obligated to provide to the Company such documentation as the Committee may reasonably require, but in any event
distribution hereunder may not be delayed beyond the end of the year in which the specified payment date falls (and the Current Portion must be paid within the short-term deferral period under Section 409A). If the Participant dies after the
commencement of installment payments, the then remaining unpaid balance of Deferred Portions shall continue to be paid in installments, at such times and in such manner as if such Participant were living, to the Beneficiary(ies). 
 (b) Terms and Conditions Applicable to a Beneficiary. A Beneficiary, transferee, or other person claiming any rights under the Plan from or
through any Participant shall be subject to all terms and conditions of the Plan and any Award document applicable to such Participant, except as otherwise determined by the Committee, and to any additional terms and conditions deemed necessary or
appropriate by the Committee. 
  

 E-10-4 

 9. Additional Forfeiture Provisions Applicable to Awards. Awards shall be subject to the
Company’s policy providing that the Company will, to the extent permitted by governing law, require reimbursement of any bonus paid to executive officers and certain other officers where: (i) the payment was predicated upon the achievement
of certain financial results that were subsequently the subject of a restatement, (ii) in the Board’s view the Participant engaged in misconduct that caused or partially caused the need for the restatement, and (iii) a lower payment
would have been made to the Participant based upon the restated financial results. In each such instance, the Company will seek to recover the Participant’s entire Award for the relevant period, plus a reasonable rate of interest. Any successor
or additional policy in effect at the date an Award is determined shall apply to such Award. 
 10. General Provisions. 
 (a) Changes to this Plan. The Committee may at any time amend, alter, suspend, discontinue, or terminate this Plan, and such action shall not be
subject to the approval of the Company’s stockholders or Participants; provided, however, that any amendment to the Plan beyond the scope of the Committee’s authority shall be subject to the approval of the Board of Directors; provided
further, that any amendment to the Plan shall be subject to stockholder approval if and to the extent required so that Award Opportunities and Awards under Section 5(b) can continue to qualify under Code Section 162(m), and provided
further, that, without the consent of the Participant, no such action shall materially impair the rights of a Participant with respect to an Award as to which the Committee no longer retains a right to exercise negative discretion to eliminate the
payment in settlement of the Award. 
 (b) Participant Acceptance of Plan and Award Terms. By accepting any Award or other benefit
under the Plan, a Participant and each person claiming under or through him or her shall be conclusively deemed to have accepted, ratified and consented to any action taken or made under the Plan by the Company, the Board, the Committee or any other
committee appointed by the Board, and to have agreed to all terms and conditions under the Plan and otherwise specified in connection with such Award. 
 (c) Section 162(m) of the Code. Unless otherwise determined by the Committee, the provisions of this Plan shall be administered and interpreted in accordance with Section 162(m) of the Code to ensure
the deductibility by the Company of payment in settlement of Awards to Covered Employees. 
 (d) Unfunded Status of Participant
Rights. Award Opportunities, Awards, accounts, deferred amounts, and related rights of a Participant under the Plan represent unfunded deferred compensation obligations of the Company for ERISA and federal income tax purposes and, with respect
thereto, the Participant shall have rights no greater than those of an unsecured general creditor of the Company. 
 (e) Nonexclusivity of
the Plan. The adoption of this Plan shall not be construed as creating any limitations on the power of the Board or Committee to adopt such other compensation arrangements as it may deem desirable for any Participant or non-participating
employee, including authorization of annual incentives under other plans and arrangements. 
 (f) No Right to Continued Employment.
Neither the Plan, its adoption, its operation, nor any action taken under the plan shall be construed as giving any employee the right to be retained or continued in the employ of the Company or any of its subsidiaries or affiliates, nor shall it
interfere in any way with the right and power of the Company or any of its subsidiaries or affiliates to dismiss or discharge any employee or take any action that has the effect of terminating any employee’s employment at any time. 

(g) Severability. The invalidity of any provision of the Plan or a document hereunder shall not be deemed to render the remainder of this Plan
or such document invalid. 
  

 E-10-4 

 (h) Successors. The Company shall require any successor (whether direct or indirect, by purchase,
merger, consolidation or otherwise, and whether or not the corporate existence of the Company continues) to all or substantially all of the business and/or assets of the Company to expressly assume and agree to perform the Company’s obligations
under the Plan in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place; provided, however, that such successor may replace the Plan with a Plan substantially equivalent in
opportunity and achievability, as determined by a nationally recognized compensation consulting firm, and covering the persons who were Participants at the time of such succession. Any successor and the ultimate parent company of such successor
shall in any event be subject to the requirements of this Section 10(h) to the same extent as the Company. Subject to the foregoing, the Company may transfer and assign its rights and obligations hereunder. 
 (i) Governing Law. The validity, construction, and effect of the Plan and any rules and regulations or document hereunder, to the extent not
otherwise governed by the Code or the laws of the United States, shall be determined in accordance with the laws of the State of New York, without giving effect to principles of conflicts of laws. 
 (j) Effective Date of Plan; Stockholder Approval; Termination of Plan. This Plan shall be effective January 1, 2008, providing that it has
previously been approved by vote of a majority of stockholders present in person or represented by proxy and entitled to vote on the matter at the Company’s 2007 Annual Meeting of Stockholders. The Plan will terminate at such time as may be
determined by the Board of Directors. This amendment and restatement of the Plan was adopted June 10, 2008. 
  

 E-10-4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00148-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00148-of-00352.parquet"}]]