Document:

Amgen Inc. Executive Nonqualified Retirement Plan

 Exhibit 10.20 
 AMGEN INC. EXECUTIVE 
 NONQUALIFIED RETIREMENT PLAN 
 WHEREAS, Amgen Inc., a Delaware corporation (the “Company”) established the Amgen Inc. Executive Nonqualified Retirement Plan effective as of
January 1, 2001, to provide supplemental retirement income benefits for a select group of management and highly compensated employees through Company contributions; and 
 WHEREAS, the Company desires to amend and restate the Plan, effective as of January 1, 2009, subject to any earlier date specifically set forth
within the Plan, in order to comply with Section 409A of the Internal Revenue Code and related Treasury Regulations, and to incorporate prior amendments; 
 NOW, THEREFORE, effective as of January 1, 2009, subject to any earlier date specifically set forth within the Plan, the Plan is hereby amended and restated to read as follows: 
 ARTICLE I. 
 TITLE AND
DEFINITIONS 
 1.1 Title. 
 This Plan shall be known as the Amgen Inc. Executive Nonqualified Retirement Plan. 
 1.2 Definitions. 
 Whenever the following words and phrases are used in this Plan, with the first letter capitalized, they shall have the meanings specified below.

 (a) “Affiliate” shall mean, with respect to any entity, all other entities with which the subject entity would be aggregated and
treated as a single employer under Code Section 414(b) (controlled group of corporations) and Code Section 414(c) (a group of trades or businesses, whether or not incorporated, under common control), as applicable. 
 (b) “Beneficiary” or “Beneficiaries” shall mean the person or persons, including a trustee, personal representative or other
fiduciary, last designated in writing by a Participant in accordance with the procedures established by the Committee to receive the benefits specified hereunder in the event of the Participant’s death. However, no designation of a Beneficiary
other than the Participant’s spouse shall be valid unless consented in writing by such spouse. No Beneficiary designation shall become effective until it is filed with the Committee. Any designation shall be revocable at any time through a
written instrument filed by the Participant with. the Committee with or without the consent of the previous Beneficiary, (unless such previous Beneficiary was the Participant’s spouse). If there is no Beneficiary designation in effect, or the
designated Beneficiary does not survive the Participant, then the Participant’s spouse shall be the Beneficiary. If there is no surviving spouse, the duly appointed and currently acting personal representative of the Participant’s estate
(which shall include either the Participant’s probate estate or living trust) shall be the Beneficiary. In any case where there is no such personal representative of the Participant’s estate duly appointed and acting in that capacity
within 90 days after the Participant’s death (or such extended period as the Committee determines is reasonably necessary to allow such personal representative to be appointed, but not to exceed 180 days after the Participant’s death),
then Beneficiary shall mean the person or persons who can verify by affidavit or court order to the satisfaction of the Committee that they are legally entitled to receive the benefits specified hereunder. In the event any amount is payable under
the Plan to a minor, payment shall not be made to the minor, but instead be paid (a) to that person’s living parent(s) to act as custodian, (b) if that person’s parents are then divorced, and 

 
one parent is the sole custodial parent, to such custodial parent, or (c) if no parent of that person is then living, to a custodian selected by the
Committee to hold the funds for the minor under the Uniform Transfers or Gifts to Minors Act in effect in the jurisdiction in which the minor resides. If no parent is living and the Committee decides not to select another custodian to hold the funds
for the minor, then payment shall be made to the duly appointed and currently acting guardian of the estate for the minor or, if no guardian of the estate for the minor is duly appointed and currently acting within 60 days after the date the amount
becomes payable, payment shall be deposited with the court having jurisdiction over the estate of the minor. Payment by the Company pursuant to any unrevoked Beneficiary designation, or to the Participant’s estate if no such designation exists,
of all benefits owed hereunder shall terminate any and all liability of the Company. 
 (c) “Board of Directors” or
“Board” shall mean the Board of Directors of the Company. 
 (d) “Cause” shall mean (i) a Participant’s
conviction of a felony, (ii) the engaging by Participant in conduct that constitutes willful gross neglect or willful gross misconduct in carrying out his or her duties to the Company, resulting, in either case, in material economic harm to the
Company, unless the Participant believed in good faith that such conduct was in, or not contrary to, the best interests of the Company, (iii) the Participant’s material breach of any of the terms of his or her offer letter agreement or the
Proprietary Information and Inventions Agreement or (iv) the Participant’s failure to follow any lawful directive of Amgen Inc.’s Chief Executive Officer with respect to the Participant’s employment. For purposes hereof, no act,
or failure to act, by Participant shall be deemed “willful” unless done, or omitted to be done, by Participant not in good faith. 
 (e) “Change of Control” shall be as defined under the Amgen Inc. Change of Control Severance Plan. 
 (f) “Code”
shall mean the Internal Revenue Code of 1986, as amended. 
 (g) “Committee” shall mean the Compensation Committee of the Board.

 (h) “Company” shall mean Amgen Inc., and any successor corporations. Company shall also include affiliates and subsidiaries of
Amgen Inc., and any successor corporations, if the Committee provides that such corporation shall participate in the Plan. 
 (i)
“Company Discretionary Contributions” shall mean, for each Participant, the discretionary amount that the Company allocates to a Participant under this Plan as determined by the Committee. Such amount may differ from Participant to
Participant, including no contributions. 
 (j) “Crediting Date” shall mean the date, as determined by the Committee, on which a
Participant’s Nonqualified Retirement Account is credited with the Company Discretionary Amount. 
 (k) “Disability” shall
mean a permanent and total disability that has been certified by the Social Security Administration prior a Participant’s Separation from Service. 
 (l) “Disability Prorated Nonqualified Retirement Account Amount” shall mean portion of the Nonqualified Retirement Account Amount based upon the ratio of (x) the sum of the number of full months of the
Participant’s active employment with the Company plus 24 months and (y) the number of months between the Participant’s first day of participation in the plan and the Crediting Date. 
 (m) “Effective Date” shall mean January 1, 2009, subject to any earlier date specifically set forth within the Plan. 

 (n) “Eligible Employee” shall mean individuals selected by the Committee, in its sole
discretion, from those staff members of the Company. 
 (o) “Employer” shall mean, for the purpose of determining whether a
Participant has experienced a Separation from Service, the entity for which the Participant performs services and with respect to which the legally binding right to compensation deferred or contributed under this Plan arises and all of its
Affiliates. 
 (p) “Nonqualified Retirement Account” shall mean the bookkeeping account maintained by Company for each Participant
that is credited with an amount equal to the Company Discretionary Amount, if any, and any interest credited pursuant to Article 4. 
 (q)
“Participant” shall mean any Eligible Employee who is selected by the Committee, in its sole discretion, to participate in the Plan. 
 (r) “Plan” shall mean the Amgen Inc. Executive Nonqualified Retirement Plan set forth herein, now in effect, or as amended from time to time. 
 (s) “Plan Year” shall mean the initial period beginning on January 1, 2001 and ending on December 31, 2001 and thereafter the 12 consecutive month period beginning on each January 1 and ending
on each December 31. 
 (t) “Prorated Nonqualified Retirement Account Amount” shall mean a prorated portion of the
Nonqualified Retirement Account Amount based upon the ratio of (i) the number of full months of the Participant’s active employment with the Company and (ii) the number of months between the Participant’s first day of
participation in the Plan and the Crediting Date, provided, however, that if such a termination of employment occurs within 2 years after a Change of Control of the Company, as defined in the Amgen Inc. Change of Control Severance Plan, the
Participant shall be paid (i) the Prorated Nonqualified Retirement Account Amount plus (ii) an amount equal to the Discretionary Company Contribution minus the sum of (x) the Prorated Nonqualified Retirement Account Amount and
(y) an amount equal to the aggregate spread between the exercise prices of the Participant’s unvested Company stock options which are in the money and the vesting of which is accelerated by the Change of Control and the NASDAQ closing
price of the Company stock, with such spread being determined as of the date of the Change of Control. (See Appendix C for an example). 
 (u) “Retirement Date” shall mean the date upon which a Participant completes 10 years of active employment with the Company and attains age sixty (60). 
 (v) “Separation from Service” shall mean the termination of services provided by a Participant to his or her Employer, whether voluntarily or involuntarily, as determined by the Committee in accordance with
Treasury Regulation Section 1.409A-1(h). In determining whether a Participant has experienced a Separation from Service, the following provisions shall apply: 
 (i) Except as otherwise provided in Section 1.2(v)(ii), a Separation from Service shall occur when a Participant experiences a termination of employment with his or her Employer. A Participant shall be considered
to have experienced a termination of employment when the facts and circumstances indicate that either (i) the Participant is not reasonably expected to perform further services for the Employer after a certain date, or (ii) that the level
of bona fide services the Participant will perform for the Employer after such date (whether as an employee or as an independent contractor) will permanently decrease to no more than 49% of the average level of bona fide services performed by such
Participant (whether as an employee or an independent contractor) over the immediately preceding 36- 

 
month period (or full period of services to the Employer if the Participant has been providing services to the Employer for less than 36 months). 

(ii) If a Participant is on military leave, sick leave, or other bona fide leave of absence, the employment relationship between the Participant and
the Employer shall be treated as continuing intact, provided that the period of such leave does not exceed six months, or longer, so long as the Participant retains a right to reemployment with the Employer under an applicable statute or by
contract. If the period of leave exceeds six months and the Participant does not retain a right to reemployment under an applicable statute or by contract, the Participant will incur a Separation from Service as of the first day immediately
following the end of such six-month period. However, where a Participant’s leave of absence is due to his or her “disability” (as defined below), a 29-month period of absence will be substituted for such six-month period. In applying
the provisions of this paragraph, a leave of absence shall be considered a bona fide leave of absence only if there is a reasonable expectation that the Participant will return to perform services for the Employer. For purposes of this
Section 1.2(v)(ii), “disability” shall mean any medically determinable physical or mental impairment resulting in a Participant’s inability to perform the duties of his or her position or any substantially similar position, where
such impairment can be expected to result in death or can be expected to last for a continuous period of not less than six months. The determination of whether a Participant is disabled shall be made by the Employer’s short-term disability
insurance carrier or administrator (or, if none, by the Committee). 
 (iii) Notwithstanding the foregoing, if a Participant provides
services to the Employer as both an Eligible Employee and a member of the Board, then to the extent permitted by Treasury Regulation Section 1.409A-1(h)(5), the services provided by such Participant as a Board member shall not be taken into
account in determining whether the Participant experiences a Separation from Service. 
 ARTICLE II. 
 PARTICIPATION 
 2.1 An Eligible
Employee shall become a Participant in the Plan if the Committee designates such Eligible Employee, in writing, as a Participant. The Committee shall also designate the date on which an Eligible Employee becomes a Participant. 
 ARTICLE III. 
 ACCOUNTS AND TRUST
FUNDING 
 3.1 Nonqualified Retirement Account. 
 (a) The Committee shall establish and maintain a Nonqualified Retirement Account for each Participant under the Plan, which shall be credited the amount of Company Discretionary Contributions, if any, contributed to
the Plan on behalf of such Participant. 
 3.2 Trust Funding. 
 The Company shall pay all Plan benefits. At its discretion, the Committee may establish one or more trusts, with such trustees as the Board may approve,
for the purpose of providing for the payment of such benefits. 
 Although the principal of such a trust and any earnings thereon shall be
held separate and apart from other funds of Company and shall be used exclusively for the uses and purposes of Plan Participants and Beneficiaries as set forth therein, neither the Participant nor their Beneficiaries shall have 

 
any preferred claim on, or any beneficial ownership in, any assets of the trust prior to the time such assets are paid to the Participants or Beneficiaries
as benefits and all rights created under this Plan shall be unsecured contractual rights of Plan Participants and Beneficiaries against the Company. Any assets held in the Trust will be subject to the claims of Company’s general creditors under
federal and state law in the event of insolvency. 
 ARTICLE IV. 
 CREDITING OF ACCOUNTS 
 4.1 Crediting of Company Discretionary
Contributions. If the Participant is actively employed by the company on the Crediting Date, the Company shall credit the Nonqualified Retirement Account with the Company Discretionary Contributions. 
 4.2 Termination of Employment before Crediting Date. In the event that the Participant’s active employment with the Company is terminated
before the Crediting Date for any reason, no credits will be made to the Nonqualified Retirement Account and the Participant will not be paid any portion of the Nonqualified Retirement Account, except as set forth below: 
 (a) If the Participant’s employment is terminated by reason of the Participant’s Disability before the Crediting Date, the Company shall pay the
Participant a Disability Prorated Nonqualified Retirement Account Amount in accordance with the provisions of Article V. No interest shall be credited on any such payment. 
 (b) If the Participant’s employment is terminated by the Company without Cause before the Crediting Date, the Company shall pay the Participant a
Prorated Nonqualified Retirement Account Amount in accordance with the provisions of Article V. No interest shall be credited on any such payment. 
 4.3 Interest. No interest shall be credited to the Nonqualified Retirement Account prior to the Crediting Date, in any event. However, if the Participant is actively employed by the Company on the Crediting Date, from and after the
Crediting Date the Company shall credit the Nonqualified Retirement Account with interest as set forth below. 
 (a) Interest after
Retirement Date. If the Participant continues to be actively employed by the Company until his or her Retirement Date, the Company shall credit interest annually on the Nonqualified Retirement Account at a rate equal to 125% of the 10-year
moving average yield on 10-year U.S. Treasury notes, adjusted annually and compounded annually, from the Crediting Date until the date upon which the Nonqualified Retirement Account and accrued interest is distributed. In the event that the
Participant elects to receive his or her distribution in installments, as provided below in Section 5.1(b), interest will be credited on the declining balance of the Nonqualified Retirement Account until it is finally distributed. 

(b) Interest before Retirement Date. If the Participant’s employment with the Company is terminated for any reason before his or her
Retirement Date, the Company shall credit interest annually on the Nonqualified Retirement Account at a rate equal to 100% of the 10-year moving average yield on 10-year U.S. Treasury notes, adjusted annually and compounded annually, from the
Crediting Date until the date upon which the Nonqualified Retirement Account, and accrued interest is distributed to the Participant. 

 ARTICLE V. 
 DISTRIBUTIONS 
 5.1 Distribution of Accounts. The Company shall make distributions from
the Nonqualified Retirement Account as set forth below. 
 (a) Distribution upon Separation from Service before Retirement Date. If the
Participant experiences a Separation from Service for any reason before the Participant’s Retirement Date, the amount credited to the Participant’s Nonqualified Retirement Account, plus interest credited to the date of the
Participant’s Separation from Service, shall be distributed to the Participant in a lump-sum payment as soon as administratively practicable during the Plan Year immediately following the Plan Year in which such Separation from Service occurs.

 (b) Distribution upon Separation from Service after Retirement Date. If the Participant experiences a Separation from Service for
any reason after the Participant’s Retirement Date, the amount credited to the Participant’s Nonqualified Retirement Account, plus interest credited to the date of the Participant’s Separation from Service, shall be distributed to the
Participant in a lump-sump payment as soon as administratively practicable during the Plan Year immediately following the Plan Year in which such Separation from Service occurs, unless the Participant elects on an Election Form, within the
timeframes set forth in Section 5.1(d), to receive substantially equal annual installment payments. Installment payments will commence as soon as administratively practicable in the Plan Year immediately following the Plan Year in which the
Participant experiences a Separation from Service, and will end in the Plan Year specified in the Election Form, which shall not be later than the Plan Year that includes the ten-year anniversary of the Participant’s Separation from Service.
For purposes of this Plan, the right to receive a benefit payment in annual installments shall be treated as the entitlement to a single payment. 
 (c) Distribution upon Death. In the event of the Participant’s death, any unpaid amounts with respect to the Nonqualified Retirement Account shall be paid to the Participant’s Beneficiary or Beneficiaries. The Participant
shall elect on an Election Form, within the timeframes set forth in Section 5.1(d), whether, in the event the Participant dies before receiving any payments, his or her Nonqualified Retirement Account shall be paid to his or her Beneficiary as
a lump sum or in up to ten substantially equal annual installment payments; if the Participant has failed to make such an election, then such amount shall be paid to the Beneficiary in a lump sum. Any lump-sum payment or initial installment payment
that is made in accordance with this paragraph shall be paid within 60 days of the Participant’s death. If a Participant dies after installment payments have commenced but before his or her Nonqualified Retirement Account is paid in full, then
the Participant’s remaining installment payments shall continue and shall be paid to the Participant’s Beneficiary over the remaining number of years and in the same amounts as payments would have been made to the Participant if the
Participant had survived. 
 (d) Time for Making Elections. Elections permitted pursuant to this Section 5.1 must be made within
30 days after the date that the Participant becomes eligible to participate in the Plan, provided that the Participant has not been eligible to participate in this Plan or in any other plan that would be aggregated with this Plan under Treasury
Regulation Section 1.409A-1(c) at any time during the 24-month period ending on the date that he or she becomes eligible to participate in the Plan, in accordance with Treasury Regulation Section 1.409A-2(a)(7)(ii). 
 5.2 Distribution Election Changes. Subject to Section 5.4, with respect to each distribution election made pursuant to this Article V, a
Participant may have a one-time opportunity to extend the payment date and/or change the form of payment initially designated; provided, however, (i) the new distribution election shall have no effect until at least 12 months after the date on
which such election is 

 
made, (ii) the payment date must be at least five years after the previously designated payment date (for Separation from Service distribution elections
only) and must involve completion of all payments not later than the end of the Plan Year that includes the ten-year anniversary of the Participant’s Separation from Service or death, and (iii) the election must be made at least 12 months
prior to the previously designated payment date. The “previously designated payment date” in the preceding sentence shall be January 1 of the Plan Year in which the payment was initially scheduled to occur, which shall include only
the first payment in the case of installment payments. 
 5.3 Six-Month Delayed Payment. If, at the time of the
Participant’s Separation from Service, the Participant is a “specified employee” (within the meaning of Section 409A of the Code and Treasury Regulation Section 1.409A-1(i)), the Company will not pay or provide any
“Specified Benefits” (as defined herein) during the six-month period beginning with the date of the Participant’s Separation from Service (the “409A Suspension Period”). In the event of a Participant’s death, however,
the Specified Benefits shall be paid to the Participant’s Beneficiary without regard to the 409A Suspension Period. For purposes of this Plan, “Specified Benefits” are any amounts of the Participant’s Nonqualified Retirement
Account that would be subject to Section 409A additional taxes if the Company were to pay them, pursuant to this Plan, on account of the Participant’s Separation from Service. During the 409A Suspension Period, the Nonqualified Retirement
Account will continue to be credited or debited in accordance with Article IV above until the Nonqualified Retirement Account is distributed. Within 14 calendar days after the end of the 409A Suspension Period, the Participant shall be paid a
lump-sum payment in cash equal to any Specified Benefits delayed during the 409A Suspension Period. 
 5.4 Special Transition Rule for
2008. This Section is effective October 1, 2008. With respect to Article V only, the Committee shall, in accordance with the rules established by the Committee and pursuant to Notice 2007-86, provide a limited period in 2008 in which
Participants may make distribution elections with respect to all or part of their Nonqualified Retirement Accounts. On or before the deadline established by the Committee, which in no event shall be later than December 31, 2008, Participants
shall make any such elections on an Election Form that the Committee provides. Any distribution election made by a Participant, and accepted by the Committee, shall not be treated as a change in either the form or timing of a Participant’s
benefit payment for purposes of Code Section 409A or Section 5.2 of the Plan. If any distribution election submitted by a Participant in accordance with this Section 5.4 either (i) relates to an amount that would otherwise be
paid to the Participant in 2008, or (ii) would cause an amount to be paid to the Participant in 2008, such election shall not be effective with respect to such amount. 
 5.5 Accelerated Distributions. Distributions may not be accelerated, except as provided in this Section 5.5 and Section 7.5.
Distributions may be accelerated under the following circumstances: 
 (a) A Participant who has elected to receive installment payments
subsequently elects to change from installments to a lump-sum distribution, provided the change in the distribution election satisfies the requirements set forth in Section 5.2 above. 
 (b) The Participant becomes liable for FICA taxes with respect to any portion of the Participant’s Nonqualified Retirement Account, provided that if
an accelerated distribution is made pursuant to this paragraph, the amount distributed shall not exceed the aggregate of the FICA taxes imposed on the Participant’s Nonqualified Retirement Account plus any income tax withholding required for
the FICA withholdings. 
 (c) The Plan fails to meet the requirements of Code Section 409A with respect to the Participant, provided
that if an accelerated distribution is made pursuant to this paragraph, the amount that shall be distributed shall not exceed the amount required to be included in income as a result of the failure to comply with Code Section 409A. 

 5.6 Delayed Distributions. Except as provided in Sections 5.2, 5.3, 5.4, and this
Section 5.6, payments may not be delayed. Distributions may be delayed under the following circumstances: 
 (a) If the Company
reasonably anticipates that the Company’s deduction with respect to any distribution from this Plan would be limited or eliminated by application of Code Section 162(m), then to the extent permitted by Treasury Regulation
Section 1.409A-2(b)(7)(i), payment shall be delayed as deemed necessary to ensure that the entire amount of any distribution from this Plan is deductible. Any amounts for which distribution is delayed pursuant to this Section shall continue to
be credited or debited with additional amounts in accordance with Article IV. The delayed amounts (as adjusted for any amounts credited or debited thereon) shall be distributed to the Participant (or his Beneficiary in the event of the
Participant’s death) at the earliest date the Company reasonably anticipates that the deduction of the payment of the amount will not be limited or eliminated by application of Code Section 162(m). 
 (b) The Committee may delay payment if it reasonably anticipates that making the payment would violate federal securities laws or other applicable law,
provided the Company treats all payments to similarly situated Participants on a reasonably consistent basis and the payment is made at the earliest date at which the Committee reasonably anticipates that the making of the payment will not cause a
violation. 
 ARTICLE VI. 
 ADMINISTRATION 
 6.1 Powers and Duties of the Committee. 
 (a) The Committee, on behalf of the Participants and their Beneficiaries, shall enforce the Plan in accordance with its terms, shall be charged with the
general administration of the Plan, and shall have all powers necessary to accomplish its purposes as set forth herein, including, but not by way of limitation, the following: 
 (1) To construe and interpret the terms and provisions of the Plan and to remedy any inconsistencies or ambiguities hereunder; 

(2) To select employees eligible to participate in the Plan; 
 (3) To compute and certify to the amount and kind of benefits payable to Participants and their Beneficiaries; 
 (4) To maintain all records that may be necessary for the administration of the Plan; 
 (5) To provide for the disclosure of all information and the filing or provision of all reports and statements to Participants,
Beneficiaries or governmental agencies as shall be required by law; 
 (6) To make and publish such rules for the regulation
of the Plan and procedures for the administration of the Plan as are not inconsistent with the terms hereof; 
 (7) To appoint
a plan administrator or any other agent, and to delegate to them such powers and duties in connection with the administration of the Plan as the Committee may from time to time prescribe; and 
 (8) To take all actions necessary for the administration of the Plan. 

 6.2 Construction and Interpretation. 
 The Committee shall have full discretion to construe and interpret the terms and provisions of this Plan, which interpretations or construction shall be
final and binding on all parties, including but not limited to the Company and any Participant or Beneficiary. The Committee shall administer such terms and provisions in a uniform and nondiscriminatory manner and in full accordance with any and all
laws applicable to the Plan. 
 6.3 Information. 
 To enable the Committee to perform its functions, the Company shall supply full and timely information to the Committee on all matters relating to the Compensation of all Participants, their death or other events that
cause termination of their participation in this Plan, and such other pertinent facts as the Committee may require. 
 6.4 Compensation,
Expenses and Indemnity. 
 (a) The members of the Committee shall serve without compensation for their services hereunder. 
 (b) The Committee is authorized at the expense of the Company to employ such legal counsel and other advisors as it may deem advisable to assist in the
performance of its duties hereunder. Expenses and fees in connection with the administration of the Plan shall be paid by the Company. 
 (c)
To the extent permitted by applicable state law, the Company shall indemnify and save harmless the Committee and each member thereof, the Board of Directors and any delegate of the Committee who is an employee of the Company against any and all
expenses, liabilities and claims, including legal fees to defend against such liabilities and claims arising out of their discharge in good faith of responsibilities under or incident to the Plan, other than expenses and liabilities arising out of
willful misconduct. This indemnity shall not preclude such further indemnities as may be available under insurance purchased by the Company or provided by the Company under any bylaw, agreement or otherwise, as such indemnities are permitted under
state law. 
 6.5 Annual Statements. 
 Under procedures established by the Committee, a Participant shall receive a statement with respect to such Participant’s Accounts on an annual basis as of each December 31. 
 6.6 Disputes. 
 (a) Claim.

 A person who believes that he or she is being denied a benefit to which he or she is entitled under this Agreement (hereinafter referred to
as “Claimant”) may file a written request for such benefit with the Company, setting forth his or her claim. The request must be addressed to the Vice President, Human Resources, or his designee, of the Company at its then principal place
of business. 
 (b) Claim Decision. 
 Upon receipt of a claim, the Company shall advise the Claimant that a reply will be forthcoming within ninety (90) days and shall, in fact, deliver such reply within such period. The 

 
Company may, however, extend the reply period for an additional ninety (90) days for special circumstances. 
 If the claim is denied in whole or in part, the Company shall inform the Claimant in writing, using language calculated to be understood by the Claimant,
setting forth: (i) the specified reason or reasons for such denial; (ii) the specific reference to pertinent provisions of this Agreement on which such denial is based; (iii) a description of any additional material or information
necessary for the Claimant to perfect his or her claim and an explanation of why such material or such information is necessary; (iv) appropriate information as to the steps to be taken if the Claimant wishes to submit the claim for review; and
(v) the time limits for requesting a review under subsection (c). 
 (c) Request For Review. 
 With sixty (60) days after the receipt by the Claimant of the written opinion described above, the Claimant may request in writing that the Committee
review the determination of the Company. Such request must be addressed to the Secretary of the Company, as its then principal place of business. The Claimant or his or her duly authorized representative may, but need not, review the pertinent
documents and submit issues and comments in writing for consideration by the Committee. If the Claimant does not request a review within such sixty (60) day period, he or she shall be barred and estoppel from challenging the Company’s
determination. 
 (d) Review of Decision. 
 Within sixty (60) days after the Committee’s receipt of a request for review, after considering all materials presented by the Claimant, the Committee will inform the Participant in writing, in a manner
calculated to be understood by the Claimant, the decision setting forth the specific reasons for the decision contained specific references to the pertinent provisions of this Agreement on which the decision is based. If special circumstances
require that the sixty (60) day time period be extended, the Committee will so notify the Claimant and will render the decision as soon as possible, but no later than one hundred twenty (120) days after receipt of the request for review.

 ARTICLE VII. 
 MISCELLANEOUS 
 7.1 Unsecured General Creditor. 
 Participants and their Beneficiaries, heirs, successors, and assigns shall have no legal or equitable rights, claims, or interest in any specific property
or assets of the Company. No assets of the Company shall be held in any way as collateral security for the fulfilling of the obligations of the Company under this Plan. Any and all of the Company’s assets shall be, and remain, the general
unpledged, unrestricted assets of the Company. The Company’s obligation under the Plan shall be merely that of an unfunded and unsecured promise of the Company to pay money in the future, and the rights of the Participants and Beneficiaries
shall be no greater than those of unsecured general creditors. It is the intention of the Company that this Plan be unfunded for purposes of the Code and for purposes of Title I of ERISA. 
 7.2 Restriction Against Assignment. 
 The Company shall pay all amounts payable hereunder only to the person or persons designated by the Plan and not to any other person or corporation. 

 (a) No right, title or interest in the Plan or in any account may be sold, pledged, assigned or
transferred in any manner other than by will or the laws of descent and distribution. No right, title or interest in the Plan or in any Account shall be liable for the debts, contracts or engagements of the Participant or his successors in interest
or shall be subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or
any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect, except to the extent that such disposition is permitted by the preceding sentence. 
 (b) Notwithstanding the provisions of a subsection, a Participant’s interest in his Account may be transferred by the Participant pursuant to a
domestic relations order that constitutes a “qualified domestic relations order” as defined by the Code or Title I of ERISA. 
 7.3
Taxes and Withholding. 
 (a) Participant Responsibility for Taxes. Except to the extent specifically provided within this Plan
or any separate written agreement between a Participant and the Employer, a Participant shall be solely responsible for the satisfaction of any taxes with respect to the benefits payable to the Participant under this Plan (including, but not limited
to, employment taxes imposed on employees and additional taxes on nonqualified deferred compensation). Although the Company intends and expects that the Plan and its payments and benefits will not give rise to taxes imposed under Section 409A
of the Code, neither the Company, nor its employees, directors, or agents shall have any obligation to mitigate or to hold any Participant harmless from any or all of such taxes. 
 (b) Withholding. The Participant’s Employer(s), or the trustee of the trust, shall withhold from any payments made to a Participant under
this Plan all federal, state and local income, employment and other taxes required to be withheld by the Employer(s), or the trustee of the trust, in connection with such payments, in amounts and in a manner to be determined in the sole discretion
of the Employer(s) and the trustee of the trust, respectively (whichever is making the payment). The Participant’s Employer, or the trustee of the trust, shall withhold from any payments made to a Participant under this Plan any garnishment of
wages in amounts and in a manner to be determined by the sole discretion of the Employer(s) and the trustee of the trust, respectively (whichever is making the payment). 
 7.4 Plan Amendment, Modification, or Suspension. 
 (a) Plan Amendment, Modification or
Suspension. The Committee may amend, modify or suspend the Plan in whole or in part, except that no amendment, modification or suspension shall have any retroactive effect to reduce any amounts allocated to a Participant’s Accounts.

 (b) Amendment for 409A Compliance. This Plan is intended to comply with Section 409A of the Code, and the Company shall have
complete discretion to interpret and construe this Plan and any associated documents in any manner that establishes an exemption from or otherwise conforms them to the requirements of Section 409A. If, for any reason including imprecision in
drafting, any Plan provision does not accurately reflect its intended establishment of an exemption from or compliance with Section 409A of the Code, as demonstrated by consistent interpretations or other evidence of intent, the provision shall
be considered ambiguous and shall be interpreted by the Company in a fashion consistent herewith, as determined in the sole and absolute discretion of the Company. The Company reserves the right to unilaterally amend this Plan without the consent of
any Participant in order to accurately reflect its correct interpretation and operation, as well as to maintain an exemption from or compliance with Section 409A of the Code. 

 7.5 Termination. Although the Company anticipates that it will continue the Plan for an indefinite
period of time, there is no guarantee that the Company will continue the Plan or will not terminate the Plan at any time in the future. Accordingly, by action of its Board of Directors or the Committee, the Company reserves the right to discontinue
its sponsorship of the Plan and to terminate the Plan at any time in accordance with one of the following circumstances set forth in subsections (a) through (c) below and in Treasury Regulation Section 1.409A-3(j)(4)(ix): 

(a) The Company may terminate the Plan if the termination and liquidation is not proximate to a downturn in the Company’s financial health and:

 (i) The Plan and all other plans maintained by the Company that would be aggregated with the Plan under Treasury Regulation
Section 1.409A-1(c) are irrevocably terminated; 
 (ii) No payments other than payments that would otherwise be payable
under the terms of the Plan are made within 12 months following the date the Company takes all necessary actions to terminate and liquidate the Plan; 
 (iii) Except with respect to the Participants who became entitled to benefits under the terms of the Plan and any other plan maintained by the Company that would be aggregated with the Plan under Treasury Regulation
Section 1.409A-1(c) within the first 12 months following the date such plans are irrevocably terminated, all payments to the Participants due under the terms of such plans must be made between the first day of the 13th month and the last day of
the 24th month following the date such plans terminated; and 
 (iv) The Company does not adopt a plan that would be
aggregated with this Plan under Treasury Regulation Section 1.409A-1(c) within three years following the date the Plan is terminated. 
 (b) The Company terminates and liquidates the Plan pursuant to irrevocable action taken within 30 days preceding or 12 months following a “change in control event” (defined below), provided that the Plan and all other plans
maintained by the Company that would be aggregated with the Plan under Treasury Regulation Section 1.409A-1(c) are terminated on the same date with respect to each participant in such plans that experienced the “change in control
event,” and all such participants receive all benefits payable under such plans within 12 months following the termination date. For purposes of this Section 7.5(b), “change in control event” shall have the meaning set forth in
Treasury Regulation Section 1.409A-3(i)(5). 
 (c) The Company terminates and liquidates the Plan within 12 months of a corporate
dissolution taxed under Code Section 331, or with the approval of a bankruptcy court pursuant to 11 U.S.C. § 503(b)(1)(A), provided that all benefits payable under the Plan are distributed to Participants during the earlier of (i) the
taxable year in which the amount is actually or constructively received, or (ii) the latest of the calendar year in which (a) the Plan is terminated and liquidated; (b) the benefits are no longer subject to a substantial risk of
forfeiture; or (c) the payment first becomes administratively practicable. 
 7.6 Governing Law. 
 This Plan shall be construed, governed and administered in accordance with the laws of the State of California. 

 7.7 Payments on Behalf of Persons Under Incapacity. 
 In the event that any amount becomes payable under the Plan to a person who, in the sole judgment of the Committee, is considered by reason of physical or
mental condition to be unable to give a valid receipt therefore, the Committee may direct that such payment be made to any person found by the Committee, in its sole judgment, to have assumed the care of such person. Any payment made pursuant to
such termination shall constitute a full release and discharge of the Committee and the Company. 
 7.8 Limitation of Rights and
Employment Relationship. 
 Neither the establishment of the Plan nor any modification thereof, nor the creating of any fund or account,
nor the payment of any benefits shall be construed as giving to any Participant or other person any legal or equitable right against the Company except as provided in the Plan, and in no event shall the terms of employment of any Employee or
Participant be modified or in any be effected by the provisions of the Plan. 
 7.9 Exempt ERISA Plan. 
 The Plan is intended to be an unfunded plan maintained primarily to provide nonqualified retirement benefits for a select group of management or highly
compensated employees within the meaning of Sections 201, 301 and 401 of ERISA and therefore to be exempt from Parts 2, 3 and 4 of Title I of ERISA. 
 7.10 Notice. 
 Any notice or filing required or permitted to be given to the Committee under the Plan
shall be sufficient if in writing and hand delivered, or sent by registered or certified mail, to the principal office of the Company, directed to the attention of the General Counsel and Secretary of the Company. Such notice shall be deemed given
as of the date of delivery or, if delivery is made by mail, as of the date shown on the postmark on the receipt for registration or certification. 
 7.11 Errors and Misstatements. 
 In the event of any misstatement or omission of fact by a Participant to the Committee or
any clerical error resulting in payment of benefits in an incorrect amount, the Committee shall promptly cause the amount of future payments to be corrected upon discovery of the facts and shall pay or, if applicable, cause the Trustee to pay, the
Participant or any other person entitled to payment under the Plan any underpayment in a lump sum or to recoup any overpayment from future payments to the participant or any other person entitled to payment under the Plan in such amounts as the
Committee shall direct or to proceed against the Participant or any other person entitled to payment under the Plan for recovery of any such overpayment. 
 7.12 Pronouns and Plurality. 
 The masculine pronoun shall include the feminine pronoun, and the
singular the plural where the context so indicates. 
 7.13 Severability. 
 In the event that any provision of the Plan shall be declared unenforceable or invalid for any reason, such unenforceability or invalidity shall not
affect the remaining provisions of the Plan but 

 
shall be fully severable, and the Plan shall be construed and enforced as if such unenforceable or invalid provision had never been included herein.

 7.14 Status. 
 The
establishment and maintenance of, or allocations and credits to, the Account of any Participant shall not vest in any Participant any right, title or interest in and to any Plan assets or benefits except at the time or times and upon the terms and
conditions and to the extent expressly set forth in the Plan and in accordance with the terms of the trust, if applicable. 
 7.15
Headings. 
 Headings and subheadings in this Plan are inserted for convenience of reference only and are not to be considered in the
construction of the provisions hereof. 

 IN WITNESS WHEREOF, the Company has caused this document to be executed by its duly authorized officer on
this              2008. 
  

			
	By:	 	 /s/ BRIAN MCNAMEE

	Its:	 	Senior Vice President, Human Resources

 APPENDIX A 
  

							
	 Name of Participant
	  	Date of Participation	  	Crediting Date	  	Discretionary Company
Contribution
	 Roger Perlmutter
	  	January 16, 2001	  	September 16, 2007	  	$10,000,000
				
	 George Morrow
	  	January 19, 2001	  	January 19, 2006	  	$15,000,000

 APPENDIX B 
 Other Participating Companies 
 Amgen USA Inc., effective January 1, 2002 

 APPENDIX C 
 For example: 
  

							
	 Name of Participant
	  	Date of Participation	  	Crediting Date	  	Discretionary Company
Contribution
	Participant A	  	January 1, 2001	  	January 1, 2007	  	$1,000,000

 If the Company were to terminate the Participant’s employment without Cause on July 31, 2003, the
Participant would be paid $430,555 ($1,000,000 x 31/72). If, however, such a termination were to occur within 2 years after a Change of Control of the Company and on the date of the Change of Control the Participant hold unvested options for 10,000
shares of the Company stock and if each of such options has an exercise price of $80 and the NASDAQ closing price of the Company stock on the date of the Change of Control were $120, the Participant would be paid $600,000: ($430,555 +
($1,000,000—($430,555 + (($120—$80) x 10,000)))).Amgen Nonqualified Deferred Compensation Plan

 Exhibit 10.21 
 

 
 Amgen Nonqualified Deferred Compensation Plan 
 Plan Document 
  
  
 Amgen Nonqualified Deferred Compensation Plan 
 As Amended and Restated Effective January 1, 2009 

 

 
 Amgen Nonqualified Deferred Compensation Plan 
 Plan Document 
  
  
  

					
	Purpose	  		  	1
			
	ARTICLE 1	  	 Definitions
	  	1
			
	ARTICLE 2	  	 Selection/Enrollment/Eligibility
	  	5
	            2.1	  	 Selection by Committee
	  	5
	            2.2	  	 Enrollment Requirements
	  	5
	            2.3	  	 Eligibility/Commencement of Participation
	  	5
	            2.4	  	 Termination of Participation and/or Deferrals
	  	5
			
	ARTICLE 3	  	 Deferral Commitments/Company Matching/Crediting/Taxes
	  	5
	            3.1	  	 Maximum Deferrals
	  	5
	            3.2	  	 Election to Defer/Effect of Election Form
	  	6
	            3.3	  	 401(k) Plan/1165(e) Plan Make Whole Elections
	  	6
	            3.4	  	 Withholding of Annual Deferral Amounts
	  	6
	            3.5	  	 Annual Company Contribution Amount
	  	6
	            3.6	  	 Vesting
	  	7
	            3.7	  	 Crediting/Debiting of Account Balances
	  	7
	            3.8	  	 FICA and Other Taxes
	  	8
	            3.9	  	 Distributions
	  	8
			
	ARTICLE 4	  	 Short-Term Payout
	  	9
	            4.1	  	 Short-Term Payout
	  	9
	            4.2	  	 Other Benefits Take Precedence Over Short-Term Payout
	  	9
			
	ARTICLE 5	  	 Distribution of Benefits Following Separation from Service
	  	9
	            5.1	  	 Distributions
	  	9
	            5.2.	  	 Installment Payments
	  	9
	            5.3.	  	 Distribution Election Changes
	  	9
			
	ARTICLE 6	  	 Survivor Benefits
	  	11
	            6.1	  	 Survivor Benefits
	  	11
	            6.2	  	 Death Before Commencement of Benefits
	  	11
	            6.3	  	 Death After Commencement of Benefits
	  	11
	            6.4	  	 Distribution Election Changes
	  	11
	            6.5	  	 Beneficiary
	  	11
	            6.6	  	 Beneficiary Designation Change/Spousal Consent
	  	11
	            6.7	  	 Acknowledgment
	  	12
	            6.8	  	 No Beneficiary Designation
	  	12
	            6.9	  	 Discharge of Obligations
	  	12
			
	ARTICLE 7	  	 Disability Waiver
	  	12
	            7.1	  	 Disability Waiver
	  	12
			
	ARTICLE 8	  	 Distributions – General
	  	12
	            8.1	  	 Generally
	  	12
	            8.2	  	 Six-Month Delayed Payment
	  	12
	            8.3	  	 Special Transition Rule for 2008
	  	13
	            8.4	  	 Accelerated Distributions
	  	13
	            8.5	  	 Delayed Distributions
	  	14
	            8.6	  	 Withdrawal/Cancellation of Deferrals for Unforeseeable Financial Emergencies
	  	14
	            8.7	  	 Withholding of Employment Taxes Upon Distribution
	  	14
			
	ARTICLE 9	  	 Leave of Absence
	  	15

  

 i 

 

 
 Amgen Nonqualified Deferred Compensation Plan 
 Plan Document 
  
  
  

					
	            9.1	  	 Paid Leave of Absence
	  	15
	            9.2	  	 Unpaid Leave of Absence
	  	15
			
	ARTICLE 10	  	 Termination/Amendment or Modification
	  	15
	            10.1	  	 Termination
	  	15
	            10.2	  	 Amendment
	  	16
	            10.3	  	 Plan Agreement
	  	16
	            10.4	  	 Effect of Payment
	  	16
			
	ARTICLE 11	  	 Administration
	  	17
	            11.1	  	 Committee Duties
	  	17
	            11.2	  	 Administration Upon Change of Control
	  	17
	            11.3	  	 Agents
	  	17
	            11.4	  	 Binding Effect of Decisions
	  	17
	            11.5	  	 Indemnity of Committee
	  	17
	            11.6	  	 Employer Information
	  	18
			
	ARTICLE 12	  	 Other Benefits and Agreements
	  	18
	            12.1	  	 Coordination with Other Benefits
	  	18
			
	ARTICLE 13	  	 Claims Procedures
	  	18
	            13.1	  	 Presentation of Claim
	  	18
	            13.2	  	 Notification of Decision
	  	18
	            13.3	  	 Review of a Denied Claim
	  	18
	            13.4	  	 Decision on Review
	  	19
	            13.5	  	 Legal Action
	  	19
			
	ARTICLE 14	  	 Trust
	  	19
	            14.1	  	 Establishment of the Trust
	  	19
	            14.2	  	 Interrelationship of the Plan and the Trust
	  	19
	            14.3	  	 Distributions From the Trust
	  	19
	            14.4	  	 Investment of Trust Assets
	  	19
			
	ARTICLE 15	  	 Miscellaneous
	  	
	            15.1	  	 Status of Plan
	  	19
	            15.2	  	 Unsecured General Creditor
	  	19
	            15.3	  	 Employer’s Liability
	  	20
	            15.4	  	 Nonassignability
	  	20
	            15.5	  	 Not a Contract of Employment
	  	20
	            15.6	  	 Furnishing Information
	  	20
	            15.7	  	 Terms
	  	20
	            15.8	  	 Captions
	  	20
	            15.9	  	 Governing Law
	  	20
	            15.10	  	 Notice
	  	20
	            15.11	  	 Successors
	  	21
	            15.12	  	 Spouse’s Interest
	  	21
	            15.13	  	 Validity
	  	21
	            15.14	  	 Incompetent
	  	21
	            15.15	  	 Insurance
	  	21
	            15.16	  	 Legal Fees To Enforce Rights After Change of Control
	  	21

  

 ii 

 

 
 Amgen Nonqualified Deferred Compensation Plan 
 Plan Document 
  
  
  

 AMGEN NONQUALIFIED DEFERRED COMPENSATION PLAN 
 As Amended and Restated Effective January 1, 2009 
 Purpose

 The purpose of this Plan is to provide specified benefits to a select group of management or highly compensated Employees who
contribute materially to the continued growth, development and future business success of Amgen Inc., a Delaware corporation, and its subsidiaries, if any, that sponsor this Plan. This Plan shall be unfunded for tax purposes and for purposes of
Title I of ERISA. 
 The Plan is hereby amended and restated, effective as of January 1, 2009 except as otherwise provided herein, in
order to comply with Code Section 409A and related Treasury Regulations, and to incorporate prior amendments. However, if a Participant’s payments commenced prior to January 1, 2009, or if the Committee determines that all of the
events necessary to receive payment have occurred prior to January 1, 2009, the Participant shall receive or continue to receive payments in accordance with the Plan terms in effect on December 31, 2008, to the extent that the Company
determines that doing so would comply with a reasonable, good-faith interpretation of Code Section 409A and applicable guidance relating to Code Section 409A. Where payments have not commenced on or before December 31, 2008 because a
Participant was treated as not having experienced a “separation from service” under a reasonable, good-faith interpretation of Code Section 409A and applicable guidance, but the Participant would be treated as having experienced a
“separation from service” under Treasury Regulation Section 1.409A-1(h) on a date that is on or after April 10, 2007 and on or before December 31, 2008, the Participant will be treated as having experienced a separation from
service on December 31, 2008. 
 ARTICLE 1 
 Definitions 
 For purposes of this Plan, unless otherwise clearly apparent from the context,
the following phrases or terms shall have the following indicated meanings: 
  

	1.1	“Account Balance” shall mean, with respect to a Participant, a credit on the records of the Employer equal to the sum of (i) the Deferral Account balance and
(ii) the vested Company Contribution Account balance. The Account Balance, and each other specified account balance, shall be a bookkeeping entry only and shall be utilized solely as a device for the measurement and determination of the amounts
to be paid to a Participant, or his or her designated Beneficiary, pursuant to this Plan. 

  

	1.2	“Account Balance Plan” shall mean any plan, agreement or arrangement of the Company or any of its Affiliates that is an “account balance plan” as defined in
Treasury Regulation Section 1.409A-1(c)(2)(A) and (B). 

  

	1.3	“Affiliate” shall mean, with respect to any entity, all other entities with which the subject entity would be aggregated and treated as a single employer under Code
Section 414(b) (controlled group of corporations) and Code Section 414(c) (a group of trades or businesses, whether or not incorporated, under common control), as applicable. 

  

	1.4	“Annual Base Salary” shall mean a Participant’s compensation consisting only of regular salary paid by any Employer for services rendered during the Plan Year and
excluding any other compensation. With respect to any member of the Board, Annual Base Salary shall mean the member’s annual retainer, chair fees, Board meeting fees, and Committee meeting fees. 

  

	1.5	 “Annual Bonus” shall mean any compensation earned by a Participant during a Plan Year that constitutes a commission paid to a salesperson or that is paid
pursuant to the Amgen Global Management Incentive Plan 

  

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 Amgen Nonqualified Deferred Compensation Plan 
 Plan Document 
  
  
  

	 	 
(GMIP), the Amgen Inc. Executive Incentive Plan (EIP), or an equivalent bonus program. All other compensation is excluded. 

  

	1.6	“Annual Company Contribution Amount” shall mean, for any one Plan Year, the amount determined in accordance with Section 3.5. 

  

	1.7	“Annual Deferral Amount” shall mean that portion of a Participant’s Annual Base Salary or Annual Bonus, as applicable, that a Participant elects to have, and is
deferred, in accordance with Article 3, for any one Plan Year. 

  

	 1.8
	 “Annual Installment Method” shall mean the method used to make payments to a Participant who has elected to
receive a benefit over a period of years. Under the Annual Installment Method, the amount of each annual payment due to a Participant shall be calculated by multiplying the Participant’s Account Balance as of the most recent Valuation Date by a
fraction, the numerator of which is one and the denominator of which is the remaining number of annual payments due the Participant. By way of example, if the Participant elects a ten-year Annual Installment Method, the first payment shall be  1/10 of the Account Balance as of the most recent Valuation Date. The following year, the payment shall be  1/9 of the Account Balance as of the most recent Valuation Date. For purposes of this Plan, the right to receive a benefit payment in
annual installments shall be treated as the entitlement to a single payment. 

  

	1.9	“Beneficiary” shall mean one or more persons, trusts, estates or other entities, designated in accordance with Article 8, or entitled under Article 8 in the absence
of a designation, that are entitled to receive benefits under this Plan upon the death of a Participant. 

  

	1.10	“Beneficiary Designation Form” shall mean the form established from time to time by the Committee that a Participant completes, signs and returns to the Committee to
designate one or more Beneficiaries. 

  

	1.11	“Board” shall mean the board of directors of the Company. 

  

	1.12	“Change of Control” shall have the meaning set forth in the Amgen Inc. Change of Control Severance Plan, as it may be amended from time to time. 

 

	1.13	“Claimant” shall have the meaning set forth in Section 13.1. 

  

	1.14	“Code” shall mean the Internal Revenue Code of 1986, as it may be amended from time to time. 

  

	1.15	“Committee” shall mean the committee described in Article 11. 

  

	1.16	“Company” shall mean Amgen Inc., and any successor to all or substantially all of the Company’s assets or business and it shall exclude any disregarded entity
pursuant to Treasury Regulations section 301.7701-3, unless such disregarded entity is selected by the Board to participate in the Plan. 

  

	1.17	“Company Contribution Account” shall mean (i) the sum of the Participant’s Annual Company Contribution Amounts, plus (ii) amounts credited (net of amounts
debited) in accordance with all the applicable crediting provisions of this Plan that relate to the Participant’s Company Contribution Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this
Plan that relate to the Participant’s Company Contribution Account. 

  

	1.18	“Deferral Account” shall mean (i) the sum of all of a Participant’s Annual Deferral Amounts, plus (ii) amounts credited (net of amounts debited) in
accordance with all the applicable provisions of this Plan that relate to the Participant’s Deferral Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to his or her
Deferral Account. 

  

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 Amgen Nonqualified Deferred Compensation Plan 
 Plan Document 
  
  
  

	1.19	“Disability” shall mean any medically determinable physical or mental impairment resulting in a Participant’s inability to perform the duties of his or her position
or any substantially similar position, where such impairment can be expected to result in death or can be expected to last for a continuous period of not less than six months. The determination of whether a Participant has a Disability shall be made
by the Employer’s short-term disability insurance carrier or administrator (or, if none, by the Committee). 

  

	1.20	“Election Form” shall mean the form established from time to time by the Committee that a Participant completes, signs and returns to the Committee to make an election
under the Plan. 

  

	1.21	“Employee” shall mean a person whom an Employer classifies as an employee. 

  

	1.22	“Employer” shall be defined as follows: 

  

	 	(a)	Except as otherwise provided in part (b) of this Section, the term “Employer” shall mean the Company and/or any of its subsidiaries or affiliates (now in existence or
hereafter formed or acquired) that have been selected by the Board to participate in the Plan, through designation in Appendix A of the Plan, and have adopted the Plan by permitting their Employees to participate in the Plan.

  

	 	(b)	For the purpose of determining whether a Participant has experienced a Separation from Service, the term “Employer” shall mean the entity for which the Participant
performs services and with respect to which the legally binding right to compensation deferred or contributed under this Plan arises, and all of its Affiliates. 

  

	1.23	“ERISA” shall mean the Employee Retirement Income Security Act of 1974, as it may be amended from time to time. 

  

	1.24	“401(k) Plan” shall be that certain Amgen Retirement and Savings Plan adopted by the Company, as it may be amended from time to time. 

  

	1.25	“Participant” shall mean any Employee (i) who is selected by the Committee from among the highly compensated or management employees of the Employer to participate in
the Plan, (ii) who elects to participate in the Plan, (iii) who signs a Plan Agreement, an Election Form and a Beneficiary Designation Form, (iv) whose signed Plan Agreement, Election Form and Beneficiary Designation Form are accepted
by the Committee, (v) who commences participation in the Plan, and (vi) whose Plan Agreement has not terminated. In addition, a Participant shall mean any member of the Board (i) who elects to participate in the Plan, (ii) who
signs a Plan Agreement, an Election Form and a Beneficiary Form, (iii) whose signed Plan Agreement, Election Form and Beneficiary Designation Form are accepted by the Committee, (iv) who commences participation in the Plan, and
(v) whose Plan Agreement has not terminated. A spouse or former spouse of a Participant shall not be treated as a Participant in the Plan or have an account balance under the Plan, even if he or she has an interest in the Participant’s
benefits under the Plan as a result of applicable law or property settlements resulting from legal separation or divorce. 

  

	1.26	“Plan” shall mean the AMGEN NONQUALIFIED DEFERRED COMPENSATION PLAN, as amended and restated effective January 1, 2009, which shall be evidenced by this instrument
and by each Plan Agreement, as they may be amended from time to time. 

  

	1.27	 “Plan Agreement” shall mean a written agreement, as may be amended from time to time, which is entered into by and between an Employer and a Participant.
Each Plan Agreement executed by a Participant and the Participant’s Employer shall provide for the entire benefit to which such Participant is entitled under the Plan; should there be more than one Plan Agreement, the Plan Agreement bearing the
latest date of acceptance by the Employer shall supersede all previous Plan Agreements in their entirety and shall govern such entitlement. The terms of any Plan 

  

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Agreement may be different for any Participant, and any Plan Agreement may provide additional benefits not set forth in the Plan or limit the benefits
otherwise provided under the Plan; provided, however, that any such additional benefits or benefit limitations must be agreed to by both the Employer and the Participant. 

  

	1.28	“Plan Year” shall mean a period beginning on January 1 of each calendar year and continuing through December 31 of such calendar year. 

 

	1.29	“Separation from Service” shall mean the termination of services provided by a Participant to his or her Employer, whether voluntarily or involuntarily, as determined by
the Committee in accordance with Treasury Regulation Section 1.409A-1(h). In determining whether a Participant has experienced a Separation from Service, the following provisions shall apply: 

  

	 	(a)	For a Participant who provides services to the Employer as an Employee, except as otherwise provided in Section 1.29(b), a Separation from Service shall occur when such
Participant experiences a termination of employment with such Employer. A Participant shall be considered to have experienced a termination of employment when the facts and circumstances indicate that either (i) the Participant is not
reasonably expected to perform further services for the Employer after a certain date, or (ii) that the level of bona fide services the Participant will perform for the Employer after such date (whether as an Employee or as an independent
contractor) will permanently decrease to no more than 49% of the average level of bona fide services performed by such Participant (whether as an Employee or an independent contractor) over the immediately preceding 36-month period (or full period
of services to the Employer if the Participant has been providing services to the Employer for less than 36 months). 

  

	 	(b)	If a Participant is on military leave, sick leave, or other bona fide leave of absence, the employment relationship between the Participant and the Employer shall be treated as
continuing intact, provided that the period of such leave does not exceed six months, or longer, so long as the Participant retains a right to reemployment with the Employer under an applicable statute or by contract. If the period of leave exceeds
six months and the Participant does not retain a right to reemployment under an applicable statute or by contract, the Participant will incur a Separation from Service as of the first day immediately following the end of such six-month period.
However, where a Participant’s leave of absence is due to his or her Disability, a 29-month period of absence will be substituted for such six-month period. In applying the provisions of this paragraph, a leave of absence shall be considered a
bona fide leave of absence only if there is a reasonable expectation that the Participant will return to perform services for the Employer. 

  

	 	(c)	Notwithstanding the foregoing, if a Participant who provides services to the Employer as both an Employee and a member of the Board, then to the extent permitted by Treasury
Regulation Section 1.409A-1(h)(5), the services provided by such Participant as a Board member shall not be taken into account in determining whether the Participant experiences a Separation from Service as an Employee, and the services
provided by such Participant as an Employee shall not be taken into account in determining whether the Participant has experienced a Separation from Service as a Board member. 

  

	1.30	“Short-Term Payout” shall mean the payout set forth in Section 4.1. 

  

	1.31	“Trust” shall mean one or more trusts established pursuant to that certain Trust Agreement, dated as of January 1, 2002 between the Company and the trustee named
therein, as amended from time to time. 

  

	1.32	 “Unforeseeable Financial Emergency” shall mean an unanticipated emergency that is caused by an event beyond the control of the Participant that would
result in severe financial hardship to the Participant resulting from (i) a 

  

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sudden and unexpected illness or accident of the Participant, or the Participant’s spouse, Beneficiary, or dependent (as defined in Code
Section 152, without regard to Code Section 152(b)(1), (b)(2), and (d)(1)(B)), (ii) a loss of the Participant’s property due to casualty, or (iii) another similar extraordinary and unforeseeable circumstance arising as a
result of events beyond the control of the Participant, all as determined in the sole discretion of the Committee, consistent with Treasury Regulation Section 1.409A-3(i)(3). 

  

	1.33	“Valuation Date” shall mean the last day of each Plan Year or any other date as of which the Committee, in its sole discretion, designates as a Valuation Date.

 ARTICLE 2  
 Selection/Enrollment/Eligibility 
  

	2.1	Selection by Committee. Participation in the Plan shall be limited to a select group of Employees of the Employers, each of whom is a member of management or is highly
compensated, and to members of the Board. From the group of employees who are management or highly compensated, the Committee shall select, in its sole discretion, Employees to participate in the Plan, and they shall be designated on Appendix B.

  

	2.2	Enrollment Requirements. As a condition to participation, each member of the Board and selected Employee shall complete, execute, and return to the Committee a Plan
Agreement, an Election Form and a Beneficiary Designation Form, all within the timeframes set forth in Section 3.2. In addition, the Committee may establish from time to time such other enrollment requirements as it determines in its sole
discretion are necessary. 

  

	2.3	Eligibility/Commencement of Participation. Provided an Employee selected to participate in the Plan or member of the Board has met all enrollment requirements set
forth in this Plan and required by the Committee, including returning all required documents to the Committee within the specified time period set forth in Section 2.2, that Employee or Board member shall commence participation in the Plan on
the first day of the month following the month in which he or she completes all enrollment requirements or such other date specified by the Committee. 

  

	2.4	Termination of Participation and/or Deferrals. If the Committee determines in good faith that a Participant no longer qualifies as a member of a select group of
management or highly compensated employees, as membership in such group is determined in accordance with Sections 201(2), 301(a)(3), and 401(a)(1) of ERISA, the Committee shall have the right, in its sole discretion, to prevent the
Participant from making future deferral elections in a subsequent Plan Year. 

 ARTICLE 3 
 Deferral Commitments/Company Matching/Crediting/Taxes 
  

	3.1	Maximum Deferrals. 

  

	 	(a)	Annual Base Salary and Annual Bonus. For each Plan Year, a Participant may elect to defer, as his or her Annual Deferral Amount, Annual Base Salary or Annual Bonus up
to the following maximum percentages for each deferral elected as determined by the Committee for each Plan Year: 

  

			
	 Deferral
	  	 Maximum Percentage

	 Annual Base Salary
	  	50%
	 Annual Bonus
	  	100%

  

	 	(b)	 Notwithstanding the foregoing, if a Participant first becomes a Participant after the first day of a Plan Year, the maximum Annual Deferral Amount, with respect to
Annual Base Salary and Annual Bonus 

  

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shall be based on the amount of compensation not yet earned by the Participant as of the date the Participant submits a Plan Agreement and an Election Form
to the Committee for acceptance. 

  

	 	(c)	Notwithstanding the foregoing, Participants who are members of the Board shall be subject to a 100% maximum deferral percentage with respect to their Annual Base Salary.

  

	3.2	Election to Defer/Effect of Election Form. 

  

	 	(a)	First Plan Year. A Board member or Employee designated in Appendix B who first becomes eligible to participate in the Plan on or after the beginning of a Plan Year, as
determined in accordance with Treasury Regulation Section 1.409A-2(a)(7)(ii), may elect to defer the portion of his or her Annual Base Salary and/or Annual Bonus paid for services performed after such election, provided that such Employee or
Board member (1) submits an Election Form to the Committee within 30 days after the Employee is selected by the Committee for participation in the Plan or within 30 days of the effective date of the member’s appointment to the Board, and
(2) has not been eligible to participate in this Plan or in any other plan that would be aggregated with this Plan under Treasury Regulation Section 1.409A-1(c) at any time during the 24-month period ending on the date he or she became
eligible to participate in the Plan. 

  

	 	(b)	Subsequent Plan Years. For each succeeding Plan Year, an irrevocable deferral election for that Plan Year, and such other elections as the Committee deems necessary or
desirable under the Plan, shall be made by timely delivering a new Election Form to the Committee, in accordance with its rules and procedures and before the end of the Plan Year preceding the Plan Year in which the services are first performed for
which the Annual Base Salary and/or Annual Bonus that is subject to the election is paid. If no such Election Form is timely delivered for a Plan Year, the Annual Deferral Amount shall be zero for that Plan Year. 

  

	3.3	401(k) Plan/1165(e) Plan Participation. A Participant who also participates in the 401(k) Plan or in the Retirement and Savings Plan of Amgen Manufacturing,
Limited (the “1165(e) Plan”) shall have the opportunity to delay the effective date of his or her deferral election until the latest date selected by the Committee for the applicable Plan Year. Elections under this Section 3.3 shall
be made on an Election Form in accordance with such rules and procedures the Committee shall establish, within the timeframes set forth in Section 3.2. 

  

	3.4	Withholding of Annual Deferral Amounts. For each Plan Year and except as provided in Section 3.3, the Annual Base Salary portion of the Annual Deferral Amount for
each Participant shall be withheld from each regularly scheduled Annual Base Salary payroll. The Annual Bonus portion of the Annual Deferral Amount shall be withheld at the time the Annual Bonus is or otherwise would be paid to the Participant,
whether or not this occurs during the Plan Year itself. 

  

	3.5	Annual Company Contribution Amount. For each Plan Year, an Employer, in its sole discretion, may, but is not required to, credit any amount it desires to any
Participant’s Company Contribution Account under this Plan, which amount shall be for that Participant the Annual Company Contribution Amount for that Plan Year. The amount so credited to a Participant may be smaller or larger than the amount
credited to any other Participant, and the amount credited to any Participant for a Plan Year may be zero, even though one or more other Participants receive an Annual Company Contribution Amount for that Plan Year. The Annual Company Contribution
Amount, if any, shall be credited as of the date determined by the Committee in its sole discretion. If a Participant is not employed by an Employer as of the last day of a Plan Year for a reason other than his or her retirement or death while
employed, the Annual Company Contribution Amount for that Plan Year shall be zero. An Election Form in which a Participant elects to receive a distribution of his or her Annual Deferral Amount for a Plan Year in accordance with Articles 5 and 6 of
the Plan shall also apply to any Annual Company Contribution Amount made on behalf of the Participant for that Plan Year. 

  

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	3.6	Vesting. 

  

	 	(a)	A Participant shall at all times be 100% vested in his or her Deferral Account. 

  

	 	(b)	A Participant shall be vested in his or her Company Contribution Account in accordance with the vesting schedules established by the Committee, in its sole and absolute discretion,
for each Annual Company Contribution Amount (and amounts credited or debited thereon) at the time each such Annual Company Contribution Amount is first credited to the Participant’s Account Balance under the Plan. The vesting schedules
established by the Committee for each Annual Company Contribution Amount may be different for different Participants. 

  

	 	(c)	Notwithstanding anything in this Section to the contrary, except as provided in subsection (d) below, in the event of a Change of Control, a Participant’s Company
Contribution Account shall immediately become 100% vested (without regard to whether it is already vested in accordance with the above vesting schedules). 

  

	 	(d)	Except as otherwise provided by written agreement between a Participant and his/her Employer, notwithstanding anything in this Section or the Plan to the contrary, the vesting
schedule for a Participant’s Company Contribution Account shall not be accelerated to the extent that the Committee determines that such acceleration would cause the deduction limitations of Section 280G of the Code to become effective. In
the event that any portion of a Participant’s Company Contribution Account is not vested pursuant to such a determination, the Participant may request independent verification of the Committee’s calculations with respect to the application
of Section 280G. In such case, the Committee must provide to the Participant within 15 business days of such a request an opinion from a nationally recognized accounting firm selected by the Participant (the “Accounting Firm”), to the
effect that, in the Accounting Firm’s opinion that any limitation in the vested percentage hereunder is necessary to avoid the limits of Section 280G, and containing supporting calculations, or, in the absence of such an opinion, shall
cause the relevant portion of the Participant’s Company Contribution Account to become vested. The cost of such opinion shall be paid for by the Company. 

  

	3.7	Crediting/Debiting of Account Balances. In accordance with, and subject to, the rules and procedures that are established from time to time by the Committee, in its
sole discretion, amounts shall be credited or debited to a Participant’s Account Balance in accordance with the following rules: 

  

	 	(a)	Election of Measurement Funds. A Participant, in connection with his or her initial deferral election in accordance with Section 3.2(a) above, shall elect, on the
Election Form, one or more Measurement Fund(s) to be used to determine the additional amounts to be credited to his or her Account Balance for the first business day in which the Participant commences participation in the Plan and continuing
thereafter for each subsequent day in which the Participant participates in the Plan, unless changed in accordance with the next sentence. Commencing with the first business day that follows the Participant’s commencement of participation in
the Plan and continuing thereafter for each subsequent day in which the Participant participates in the Plan, the Participant may (but is not required to) elect, by submitting an Election Form to the Committee that is accepted by the Committee, to
add or delete one or more Measurement Fund(s) to be used to determine the additional amounts to be credited to his or her Account Balance, or to change the portion of his or her Account Balance allocated to each previously or newly elected
Measurement Fund. If an election is made in accordance with the previous sentence, it shall apply to the next business day and continue thereafter for each subsequent day in which the Participant participates in the Plan, unless changed in
accordance with the previous sentence. 

  

	 	(b)	Proportionate Allocation. In making any election described in Section 3.7(a) above, the Participant shall specify on the Election Form, in increments of five
percentage points (5%), the percentage of his or her Account Balance to have gains and losses measured by a Measurement Fund. 

  

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	 	(c)	Measurement Funds. From time to time, the Committee in its sole discretion shall select and announce to Participants its selection of mutual funds, insurance company
separate accounts, indexed rates or other methods (each, a “Measurement Fund”), for the purpose of providing the basis on which gains and losses shall be attributed to Account Balances under the Plan. The Committee may, in its sole
discretion, discontinue, substitute or add a Measurement Fund at any time. Each such action shall take effect after a reasonable period of time following the day on which Participants are given written notice of such change.

  

	 	(d)	Crediting or Debiting Method. The performance of each elected Measurement Fund (either positive or negative) will be determined by the Committee, in its reasonable
discretion, based on available reports of the performance of the Measurement Funds. A Participant’s Account Balance shall be credited or debited on a daily basis based on the performance of each Measurement Fund selected by the Participant, as
determined by the Committee in its sole discretion, as though (i) a Participant’s Account Balance were invested in the Measurement Fund(s) selected by the Participant, in the percentages applicable to such day, as of the close of business
on such day, at the closing price on such date; (ii) the portion of the Annual Deferral Amount that was actually deferred during any day were invested in the Measurement Fund(s) selected by the Participant, in the percentages applicable to such
day, no later than the close of business on the first business day after the day on which such amounts are actually deferred from the Participant’s Annual Base Salary through reductions in his or her payroll and from the Participant’s
Annual Bonus, at the closing price on such date; and (iii) any distribution made to a Participant that decreases such Participant’s Account Balance ceased being invested in the Measurement Fund(s), in the percentages applicable to such
day, no later than one business day prior to the distribution, at the closing price on such date. 

  

	 	(e)	No Actual Investment. Notwithstanding any other provision of this Plan that may be interpreted to the contrary, the Measurement Funds are to be used for measurement
purposes only, and a Participant’s election of any such Measurement Fund, the allocation to his or her Account Balance thereto, the calculation of additional amounts and the crediting or debiting of such amounts to a Participant’s Account
Balance shall not be considered or construed in any manner as an actual investment of his or her Account Balance in any such Measurement Fund. In the event that the Company or the Trustee (as that term is defined in the Trust), in its own
discretion, decides to invest funds in any or all of the Measurement Funds, no Participant shall have any rights in or to such investments themselves. Without limiting the foregoing, a Participant’s Account Balance shall at all times be a
bookkeeping entry only and shall not represent any investment made on his or her behalf by the Company or the Trust; the Participant shall at all times remain an unsecured creditor of the Company. 

  

	3.8	FICA and Other Taxes. For each Plan Year in which an Annual Deferral Amount is being withheld from a Participant or a portion or all of Annual Company Contribution
Amount becomes Vested, the Participant’s Employer(s) shall withhold from that portion of the Participant’s Annual Base Salary or Annual Bonus that is not being deferred, in a manner determined by the Employer(s), the Participant’s
share of FICA, other employment taxes and other employee contributions on such Annual Deferral Amount. If necessary, the Committee may reduce the Annual Deferral Amount or Annual Company Contribution Amount in order to comply with this Section.

  

	3.9	Distributions. The Participant’s Employer(s), or the trustee of the Trust, shall withhold from any payments made to a Participant under this Plan all federal,
state and local income, employment and other taxes required to be withheld by the Employer(s), or the trustee of the Trust, in connection with such payments, in amounts and in a manner to be determined in the sole discretion of the Employer(s) and
the trustee of the Trust, respectively (whichever is making the payment). The Participant’s Employer, or the trustee of the Trust, shall withhold from any payments made to a Participant under this Plan any garnishment of wages in amounts and in
a manner to be determined by the sole discretion of the Employer(s) and the trustee of the Trust, respectively (whichever is making the payment). 

  

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 ARTICLE 4 
 Short-Term Payout 
  

	4.1	Short-Term Payout. In connection with each election to defer an Annual Deferral Amount, a Participant may irrevocably elect, within the timeframe and manner prescribed
by Section 3.2, to receive a future “Short-Term Payout” from the Plan with respect to such Annual Deferral Amount. Subject to Article 8 below, the Short-Term Payout shall be a lump-sum payment in an amount that is equal to the Annual
Deferral Amount plus amounts credited or debited in the manner provided in Section 3.7 above on that amount, determined at the time that the Short-Term Payout becomes payable (rather than the date of a Separation from Service). Subject to the
terms and conditions of the Plan, each Short-Term Payout elected shall be paid out as soon as administratively practicable within the Plan Year designated by the Participant. The Plan Year designated by the Participant must be at least three, but no
more than ten, Plan Years after the Plan Year in which the Annual Deferral Amount is actually deferred. 

  

	4.2	Other Benefits Take Precedence Over Short-Term Payout. Should an event occur that triggers a benefit under Article 5 or Article 6, any Annual Deferral Amount, plus
amounts credited or debited thereon, that is subject to a Short-Term Payout election under Section 4.1 but not in pay status as of the date of the Participant’s Separation from Service or death, shall not be paid in accordance with
Section 4.1 but shall be paid in accordance with the other applicable Article. 

 ARTICLE 5 
 Distribution of Benefits Following Separation from Service 
  

	5.1	Distributions. Subject to Article 8 below, a Participant shall be entitled to a distribution of the vested interest of his or her Account Balance following Separation
from Service. Such amount will be paid in a lump-sum cash payment as soon as administratively practicable during the Plan Year immediately following the Plan Year in which such Separation from Service occurs, unless the Participant has elected on an
Election Form, within the time and manner prescribed by Section 3.2, to receive either (i) a lump-sum cash payment as soon as administratively practicable during the second Plan Year following the Plan Year in which the Separation from
Service occurs, or (ii) installment payments in accordance with Section 5.2. A Participant is permitted to make a single distribution election with respect to all Annual Deferral Amounts and Annual Company Contribution Amounts, if any,
deferred or contributed under the Plan prior to 2005. For Plan Years beginning after December 31, 2004, a Participant is permitted to make a separate distribution election with respect to each Plan Year’s Annual Deferral Amount and Annual
Company Contribution Amount, if any. 

  

	5.2	Installment Payments. In lieu of the lump-sum payment described in Section 5.1, a Participant may elect on an Election Form to have the vested portion of his or
her Account Balance paid under the Annual Installment Method following Separation from Service. Payments under the Annual Installment Method will commence as soon as administratively practicable during the Plan Year immediately following the Plan
Year in which the Participant experiences a Separation from Service, and will end in the Plan Year specified in the Election Form, which shall not be later than the Plan Year that includes the ten-year anniversary of the Participant’s
Separation from Service. However, if the Participant’s aggregate balance under all Account Balance Plans is $100,000 or less upon his or her Separation from Service, the Participant’s election to receive payments under the Annual
Installment Method shall be disregarded and the portion of the Participant’s Account Balance that is subject to the election will be paid to the Participant as a lump sum as soon as administratively practicable during the Plan Year immediately
following the Plan Year in which the Participant experiences a Separation from Service. 

  

	5.3	 Distribution Election Changes. Subject to Section 8.3, with respect to each distribution election made pursuant to this Article 5, a Participant
may have a one-time opportunity to irrevocably extend the payment date and/or change the form of payment initially designated, provided that: (i) the new distribution election shall have no effect until at least 12 months after the date on
which such election is made, (ii) the payment date must be at least five years after the previously designated payment date and must involve completion of all payments not later than 

  

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the end of the Plan Year that includes the ten-year anniversary of the Participant’s Separation from Service, and (iii) the election must be made
at least 12 months prior to the previously designated payment date. The “previously designated payment date” in the preceding sentence shall be January 1 of the Plan Year in which the payment was initially scheduled to occur, which
shall include only the first payment under the Annual Installment Method. 

  

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 ARTICLE 6 
 Survivor Benefits 
  

	6.1	Survivor Benefits. If a Participant dies before his or her Account Balance has been distributed in full, the Participant’s Beneficiary shall receive a survivor
benefit equal to the Participant’s Account Balance, payable in accordance with the following provisions of this Article 6. A Participant is permitted to make a single distribution election with respect to all Annual Deferral Amounts and Annual
Company Contribution Amounts, if any, deferred or contributed under the Plan prior to 2005. For Plan Years beginning after December 31, 2004, a Participant is permitted to make a separate distribution election with respect to each Plan
Year’s Annual Deferral Amount and Annual Company Contribution Amount, if any. 

  

	6.2	Death Before Commencement of Benefits. Subject to Section 6.3, a Participant shall elect on an Election Form whether any amounts payable to a Beneficiary under
the Plan shall be received by his or her Beneficiary in a lump sum or pursuant to the Annual Installment Method for up to a ten-year period. However, if the Participant’s aggregate balance under all Account Balance Plans is $100,000 or less
upon his or her death, the Participant’s election to have payments made under the Annual Installment Method shall be disregarded and the portion of the Participant’s Account Balance that is subject to the election will be paid to the
Beneficiary as a lump sum. If a Participant does not make any election with respect to the payment of his or her Account Balance, then such Account Balance shall be paid to the Beneficiary in a lump sum. Any lump-sum payment made pursuant to this
Section 6.2 shall be made, or installment payments shall commence, within 60 days of the Participant’s death. 

  

	6.3	Death After Commencement of Benefits. If a Participant dies after installment payments have commenced, but before his or her Account Balance is paid in full, the
Participant’s remaining installment payments shall continue and shall be paid to the Participant’s Beneficiary over the remaining number of years and in the same amounts as payments would have been made to the Participant had the
Participant survived. 

  

	6.4	Distribution Election Changes. Subject to Section 8.3, with respect to each distribution election made pursuant to this Article 6, a Participant may have a
one-time opportunity to irrevocably extend the payment date and/or change the form of payment initially designated, provided that: (i) the new distribution election shall have no effect until at least 12 months after the date on which such
election is made, (ii) the payment date must involve completion of all payments not later than the end of the Plan Year that includes the ten-year anniversary of the Participant’s death, and (iii) the election must be made at least 12
months prior to the previously designated payment date. The “previously designated payment date” in the preceding sentence shall be January 1 of the Plan Year in which the payment was initially scheduled to occur, which shall include
only the first payment under the Annual Installment Method. 

  

	6.5	Beneficiary. Each Participant shall have the right, at any time, to designate his or her Beneficiary(ies) (both primary and contingent) to receive any benefits payable
under the Plan to a beneficiary upon the death of a Participant. The Beneficiary designated under this Plan may be the same as or different from the Beneficiary designation under any other plan of an Employer in which the Participant participates.

  

	6.6	 Beneficiary Designation Change/Spousal Consent. A Participant shall designate his or her Beneficiary by completing and signing the Beneficiary
Designation Form, and returning it to the Committee or its designated agent. A Participant shall have the right to change a Beneficiary by completing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the
Committee’s rules and procedures, as in effect from time to time. A Participant may name someone other than his or her spouse as a Beneficiary only if a spousal consent, in the form designated by the Committee, is signed by that
Participant’s spouse and returned to the Committee. Upon the acceptance by the Committee of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Committee shall be entitled to rely on the
last Beneficiary Designation Form filed by the Participant and accepted by the Committee prior to his or her death. Notwithstanding anything in this Section or the Plan to the contrary, a Participant’s designation of a spouse as a 

  

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Beneficiary shall automatically be cancelled and revoked on the date a Participant’s divorce from that spouse becomes final.

  

	6.7	Acknowledgment. No designation or change in designation of a Beneficiary shall be effective until received and acknowledged in writing by the Committee or its
designated agent. 

  

	6.8	No Beneficiary Designation. If a Participant fails to designate a Beneficiary as provided in Sections 6.5, 6.6 and 6.7 above or, if all designated Beneficiaries
predecease the Participant or die prior to complete distribution of the Participant’s benefits, then the Participant’s designated Beneficiary shall be deemed to be his or her surviving spouse. If the Participant has no surviving spouse,
the Participant’s designated Beneficiary shall be deemed to be the Participant’s estate. 

  

	6.9	Discharge of Obligations. The payment of benefits under the Plan to a Beneficiary shall fully and completely discharge all Employers and the Committee from all further
obligations under this Plan with respect to the Participant, and that Participant’s Plan Agreement shall terminate upon such full payment of benefits. 

 ARTICLE 7  
 Disability Waiver 
  

	7.1	Disability Waiver. 

  

	 	(a)	Waiver of Deferral. A Participant who is determined by the Committee to be suffering from a Disability shall have no further deferrals of the Annual Deferral Amount
that would otherwise have been withheld from a Participant’s Annual Base Salary or Annual Bonus for the Plan Year during which the Participant first suffers a Disability. During the period of Disability, the Participant shall not be allowed to
make any additional deferral elections, but will continue to be considered a Participant for all other purposes of this Plan. Any cancellation of the Participant’s Annual Deferral Amount pursuant to this Section 7.1(a) shall occur by the
later of the end of the Plan Year or the 15th day of the third month following the date the Participant incurs a Disability. 

  

	 	(b)	Return to Work. If a Participant returns to employment with an Employer, after a Disability ceases, the Participant may elect to defer an Annual Deferral Amount for
the Plan Year following his or her return to employment or service and for every Plan Year thereafter while a Participant in the Plan; provided such deferral elections are otherwise allowed and an Election Form is delivered to and accepted by the
Committee for each such election in accordance with Section 3.2 above. 

 ARTICLE 8  
 Distributions – General  
  

	8.1	Generally. Except as otherwise provided, any and all distributions pursuant to Articles 4 through 6 shall be subject to the terms and conditions of this Article 8.

  

	8.2	 Six-Month Delayed Payment. If, at the time of the Participant’s Separation from Service, the Participant is a “specified employee”
(within the meaning of Section 409A of the Code and Treasury Regulation Section 1.409A-1(i)), the Company will not pay or provide any “Specified Benefits” (as defined herein) during the six-month period beginning with the date of
the Participant’s Separation from Service (the “409A Suspension Period”). In the event of a Participant’s death, however, the Specified Benefits shall be paid to the Participant’s Beneficiary without regard to the 409A
Suspension Period. For purposes of this Plan, “Specified Benefits” are any amounts of the Participant’s Account Balance that would be subject to Section 409A additional taxes if the Company were to pay them, pursuant to this
Plan, on account of the Participant’s Separation from Service. During the 409A Suspension Period, the Account Balance will continue to be credited or debited in accordance with Section 3.7 

  

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above until the Account Balance is distributed. Within 14 calendar days after the end of the 409A Suspension Period, the Participant shall be paid a lump-sum
payment in cash equal to any Specified Benefits delayed during the 409A Suspension Period. 

  

	8.3	Special Transition Rule for 2008. This Section is effective October 1, 2008. The Committee shall, in accordance with the rules established by the Committee and
pursuant to Notice 2007-86, provide a limited period in 2008 in which Participants (other than those subject to the special grandfathering rules set forth in the “Purpose” provision before Article 1 above) may make distribution elections
with respect to all or part of their Account Balances. On or before the deadline established by the Committee, which in no event shall be later than December 31, 2008, Participants shall make any such elections on an Election Form that the
Committee provides. Any distribution election made by a Participant, and accepted by the Committee, shall not be treated as a change in either the form or timing of a Participant’s benefit payment for purposes of Code Section 409A or
Section 5.3 or 6.4 of the Plan. If any distribution election submitted by a Participant in accordance with this Section 8.3 either (i) relates to an amount that would otherwise be paid to the Participant in 2008, or (ii) would
cause an amount to be paid to the Participant in 2008, such election shall not be effective with respect to such amount. 

  

	 	(a)	Short-Term Payouts. If a Participant makes no election pursuant to this Section 8.3(a), the portion of the Participant’s Annual Deferral Amount that the Participant
previously elected to receive as a Short-Term Payout shall be payable as a lump sum as soon as administratively practicable following the January 1 designated by the Participant in the Election Form, but no later than the end of the Plan Year
in which such date occurs. If the Participant elects to change a previous election with respect to a Short-Term Payout pursuant to this Section 8.3(a), the distribution date designated by the Participant must be at least three but no more than
ten Plan Years after the Plan Year in which the Annual Deferral Amount is actually deferred. 

  

	 	(b)	Distributions Following Separation from Service. If a Participant makes no election pursuant to this Section 8.3(b), the vested portion of the Participant’s Account
Balance that the Participant previously elected to receive upon termination of employment, or the vested portion of the Participant’s Account Balance with respect to which the Participant previously made no election, will be paid as a lump sum
as soon as administratively practicable during the Plan Year immediately following the Plan Year in which the Participant incurs a Separation from Service. However, a Participant may make an election pursuant to this Section 8.3(b) to receive
such Account Balance as either (i) a lump-sum cash payment as soon as administratively practicable during the second Plan Year following the Plan Year in which the Participant’s Separation from Service occurs, or (ii) installment
payments under the Annual Installment Method pursuant to Section 5.2. 

  

	 	(c)	Distributions Following Death. If a Participant makes no election pursuant to this Section 8.3(c), the vested portion of the Participant’s Account Balance that the
Participant previously elected to be paid to the Participant’s Beneficiary upon his or her death will be paid to the Beneficiary as a lump sum within 60 days of the Participant’s death. However, pursuant to this Section 8.3(c), a
Participant may elect to have such Account Balance paid to his or her Beneficiary in installment payments under the Annual Installment Method pursuant to Section 6.2. 

  

	8.4	Accelerated Distributions. Distributions may not be accelerated, except as provided in this Section 8.4 and Article 10. Distributions may be accelerated under the
following circumstances: 

  

	 	(a)	A Participant who has elected to receive any Annual Deferrals under the Annual Installment Method subsequently elects to change from installments to a lump-sum distribution,
provided the change in the distribution election satisfies the requirements set forth in Section 5.3 or 6.4 above. 

  

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	 	(b)	A Participant becomes liable for FICA taxes with respect to any portion of the Participant’s Account Balance, provided that if an accelerated distribution is made pursuant to
this paragraph, the amount distributed shall not exceed the aggregate of the FICA taxes imposed on the Participant’s Account Balance plus any income tax withholding required for the FICA withholdings. 

  

	 	(c)	The Plan fails to meet the requirements of Code Section 409A with respect to a Participant, provided that, if an accelerated distribution is made pursuant to this paragraph,
the amount that shall be distributed shall not exceed the amount required to be included in income as a result of the failure to comply with Code Section 409A. 

  

	8.5	Delayed Distributions. Except as provided in Sections 5.3, 6.4, 8.2, 8.3, and this Section 8.5, payments may not be delayed. Distributions may be delayed under
the following circumstances: 

  

	 	(a)	If the Company reasonably anticipates that the Company’s deduction with respect to any distribution from this Plan would be limited or eliminated by application of Code
Section 162(m), then to the extent permitted by Treasury Regulation Section 1.409A-2(b)(7)(i), payment shall be delayed as deemed necessary to ensure that the entire amount of any distribution from this Plan is deductible. Any amounts for
which distribution is delayed pursuant to this Section shall continue to be credited or debited with additional amounts in accordance with Section 3.7. The delayed amounts (as adjusted for any amounts credited or debited thereon) shall be
distributed to the Participant (or his Beneficiary in the event of the Participant’s death) at the earliest date the Company reasonably anticipates that the deduction of the payment of the amount will not be limited or eliminated by application
of Code Section 162(m). 

  

	 	(b)	The Committee may delay payment if it reasonably anticipates that making the payment would violate federal securities laws or other applicable law, provided the Company treats all
payments to similarly situated Participants on a reasonably consistent basis and the payment is made at the earliest date at which the Committee reasonably anticipates that the making of the payment will not cause such a violation.

  

	8.6	Withdrawal/Cancellation of Deferrals for Unforeseeable Financial Emergencies. If the Participant experiences an Unforeseeable Financial Emergency, the Participant may
petition the Committee to receive a partial or full payout from the Plan. The payout shall not exceed the lesser of the Participant’s then vested Account Balance or the amount reasonably needed to satisfy the Unforeseeable Financial Emergency.
If, subject to the sole discretion of the Committee, the petition for a payout is approved, any payout shall be made within 60 days of the date of such approval. In addition, if the petition for payout is approved, or if the Participant receives a
hardship distribution from the 401(k) Plan, the Participant’s deferrals for the remainder of the Plan Year shall be cancelled effective as of the date of such hardship distribution or approval. Any deferral for a subsequent Plan Year must be
made in accordance with Section 3.2. 

  

	8.7	 Withholding of Employment Taxes Upon Distribution. The Participant’s Employer(s), or the trustee of the Trust, shall withhold from any payments
made to a Participant under this Plan all federal, state and local income, employment and other taxes required to be withheld by the Employer(s), or the trustee of the Trust, in connection with such payments, in amounts and in a manner to be
determined in the sole discretion of the Employer(s) and the trustee of the Trust, respectively (whichever is making the payment). The Participant’s Employer, or the trustee of the Trust, shall withhold from any payments made to a Participant
under this Plan any garnishment of wages in amounts and in a manner to be determined by the sole discretion of the Employer(s) and the trustee of the Trust, respectively (whichever is making the payment). Except to the extent specifically provided
within this Plan or any separate written agreement between a Participant and the Employer, a Participant shall be solely responsible for the satisfaction of any taxes with respect to the benefits payable to the Participant under this Plan
(including, but not limited to, employment taxes imposed on employees and additional taxes on nonqualified deferred compensation). Although the Company intends and expects that the Plan and its payments and benefits will not give rise to taxes
imposed under Section 409A of the Code, neither the Company, nor its employees, 

  

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directors, or agents shall have any obligation to mitigate or to hold any Participant harmless from any or all of such taxes. 

ARTICLE 9  
 Leave of
Absence 
  

	9.1	Paid Leave of Absence. If a Participant is authorized by the Participant’s Employer for any reason to take a paid leave of absence from the employment of the
Employer, and such leave of absence does not constitute a Separation from Service, the Participant shall continue to be considered eligible for the benefits provided under the Plan, and the Annual Deferral Amount shall continue to be withheld during
such paid leave of absence in accordance with Article 3. 

  

	9.2	Unpaid Leave of Absence. If a Participant is authorized by the Participant’s Employer for any reason to take an unpaid leave of absence from the employment of the
Employer, and such leave of absence does not constitute a Separation from Service, the Participant shall continue to be considered employed by the Employer and deferrals shall not be made, in the absence of compensation. Upon such expiration of the
unpaid leave and resumption of entitlement to compensation, deferrals shall resume for the remaining portion of the Plan Year in which the return occurs, based on the deferral election, if any, made for that Plan Year. If no election was made for
that Plan Year, no deferral shall be withheld. 

 ARTICLE 10  
 Termination/Amendment or Modification 
  

	10.1	Termination. Although the Company anticipates that it will continue the Plan for an indefinite period of time, there is no guarantee that the Company will continue the
Plan or will not terminate the Plan at any time in the future. Accordingly, by action of its Board of Directors or the Committee, the Company reserves the right to discontinue its sponsorship of the Plan and to terminate the Plan at any time in
accordance with one of the following circumstances set forth in subsections (a) through (c) below and in Treasury Regulation Section 1.409A-3(j)(4)(ix): 

  

	 	(a)	The Company may terminate the Plan if the termination and liquidation is not proximate to a downturn in the Company’s financial health and: 

  

	 	(i)	The Plan and all other plans maintained by the Company that would be aggregated with the Plan under Treasury Regulation Section 1.409A-1(c) are irrevocably terminated;

  

	 	(ii)	No payments other than payments that would otherwise be payable under the terms of the Plan are made within 12 months following the date the Company takes all necessary actions to
terminate and liquidate the Plan; 

  

	 	(iii)	Except with respect to the Participants who became entitled to benefits under the terms of the Plan and any other plan maintained by the Company that would be aggregated with the
Plan under Treasury Regulation Section 1.409A-1(c) within the first 12 months following the date such plans are irrevocably terminated, all payments to the Participants due under the terms of such plans must be made between the first day of the
13th month and the last day of the 24th month following the date such plans terminated; and 

  

	 	(iv)	The Company does not adopt a plan that would be aggregated with this Plan under Treasury Regulation Section 1.409A-1(c) within three years following the date the Plan is
terminated. 

  

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	 	(b)	The Company terminates and liquidates the Plan pursuant to irrevocable action taken within 30 days preceding or 12 months following a “change in control event” (defined
below), provided that the Plan and all other plans maintained by the Company that would be aggregated with the Plan under Treasury Regulation Section 1.409A-1(c) are terminated on the same date with respect to each participant in such plans
that experienced the “change in control event,” and all such participants receive all benefits payable under such plans within 12 months following the termination date. For purposes of this Section 10.1(b), “change in control
event” shall have the meaning set forth in Treasury Regulation Section 1.409A-3(i)(5). 

  

	 	(c)	The Company terminates and liquidates the Plan within 12 months of a corporate dissolution taxed under Code Section 331, or with the approval of a bankruptcy court pursuant to
11 U.S.C. § 503(b)(1)(A), provided that all benefits payable under the Plan are distributed to Participants during the earlier of (i) the taxable year in which the amount is actually or constructively received, or (ii) the latest of
the calendar year in which (a) the Plan is terminated and liquidated; (b) the benefits are no longer subject to a substantial risk of forfeiture; or (c) the payment first becomes administratively practicable. 

 

	10.2	Amendment. The Company may, at any time, amend or modify the Plan in whole or in part by the action of the Committee; provided, however, that: (i) no amendment or
modification shall be effective to decrease or restrict the value of a Participant’s Account Balance in existence at the time the amendment or modification is made, calculated as if the Participant had experienced a Separation from Service as
of the effective date of the amendment or modification, (ii) no adverse amendment or modification shall be effective upon or after a Change of Control without the prior written consent of a majority of the Participants, and (iii) no
amendment or modification of this Section 10.2 or Section 11.2 of the Plan shall be effective. The amendment or modification of the Plan shall not affect any Participant or Beneficiary who has become entitled to benefits under the terms of
the Plan as of the date of the amendment or modification. 

 This Plan is intended to comply with Section 409A of the Code,
and the Company shall have complete discretion to interpret and construe this Plan and any associated documents in any manner that establishes an exemption from or otherwise conforms them to the requirements of Section 409A. If, for any reason
including imprecision in drafting, any Plan provision does not accurately reflect its intended establishment of an exemption from or compliance with Section 409A of the Code, as demonstrated by consistent interpretations or other evidence of
intent, the provision shall be considered ambiguous and shall be interpreted by the Company in a fashion consistent herewith, as determined in the sole and absolute discretion of the Company. The Company reserves the right to unilaterally amend this
Plan without the consent of any Participant in order to accurately reflect its correct interpretation and operation, as well as to maintain an exemption from or compliance with Section 409A of the Code. 
  

	10.3	Plan Agreement. Despite the provisions of Sections 10.1 and 10.2 above, if a Participant’s Plan Agreement contains benefits or limitations that are not in
this Plan document, the Company may only amend or terminate such provisions with the consent of the Participant. 

  

	10.4	Effect of Payment. The full payment of the applicable benefit under Article 4, 5, or 6 of the Plan shall completely discharge all obligations to a Participant and
his or her designated Beneficiaries under this Plan and the Participant’s Plan Agreement shall terminate. 

  

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 ARTICLE 11  
 Administration 
  

	11.1	Committee Duties. Except as otherwise provided in this Article 11, this Plan shall be administered by the Compensation Committee of the Board, or such committee or
delegates as the Compensation Committee of the Board shall appoint. The Committee shall also have the discretion and authority to (i) make, amend, interpret, and enforce all appropriate laws, rules and regulations for the administration of this
Plan and (ii) decide or resolve any and all questions including interpretations of this Plan, as may arise in connection with the Plan. Any individual serving on the Committee who is a Participant shall not vote or act on any matter relating
solely to himself or herself. When making a determination or calculation, the Committee shall be entitled to rely on information furnished by a Participant, the Company or any Employer. 

  

	11.2	Administration Upon Change of Control. For purposes of this Plan, the Company, acting through the Committee, shall be the “Administrator” at all times prior
to the occurrence of a Change of Control. Upon and after the occurrence of a Change of Control, the “Administrator” shall be an independent third party selected by the Trustee and approved by the individual who, immediately prior to such
event, was the Company’s Chief Executive Officer or, if not so identified, the Company’s highest ranking officer (the “Ex-CEO”). The Administrator shall have the discretionary power to determine all questions arising in
connection with the administration of the Plan and the interpretation of the Plan and Trust including, but not limited to benefit entitlement determinations; provided, however, upon and after the occurrence of a Change of Control, the Administrator
shall have no power to direct the investment of Plan or Trust assets or select any investment manager or custodial firm for the Plan or Trust. Upon and after the occurrence of a Change of Control, the Company must: (1) pay all reasonable
administrative expenses and fees of the Administrator; (2) pursuant to Section 11.5, indemnify the Administrator against any costs, expenses and liabilities including, without limitation, attorney’s fees and expenses arising in
connection with the performance of the Administrator hereunder, except with respect to matters resulting from the gross negligence or willful misconduct of the Administrator or its employees or agents; and (3) pursuant to Section 11.6,
supply full and timely information to the Administrator or all matters relating to the Plan, the Trust, the Participants and their Beneficiaries, the Account Balances of the Participants, the date of circumstances of the retirement, Disability,
death or Separation from Service of the Participants, and such other pertinent information as the Administrator may reasonably require. Upon and after a Change of Control, the Administrator may be terminated (and a replacement appointed) by the
Trustee only with the approval of the Ex-CEO. Upon and after a Change of Control, the Administrator may not be terminated by the Company. 

  

	11.3	Agents. In the administration of this Plan, the Committee and the Administrator may, from time to time, employ agents and delegate to them such of their respective
administrative duties as they see fit (including acting through a duly appointed representative) and may from time to time consult with counsel who may be counsel to any Employer. 

  

	11.4	Binding Effect of Decisions. The decisions or actions of the Committee, the Administrator and/or their respective delegates, with respect to any question arising out
of or in connection with the administration, interpretation and application of the Plan and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Plan.

  

	11.5	Indemnity of Committee. All Employers shall indemnify and hold harmless the members of the Committee, and any Employee to whom the duties of the Committee may be
delegated, and the Administrator against any and all claims, losses, damages, expenses or liabilities arising from any action or failure to act with respect to this Plan, except in the case of willful misconduct by the Committee, any of its members,
any such Employee or the Administrator. 

  

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	11.6	Employer Information. To enable the Committee and Administrator to perform their respective functions, the Company and each Employer shall supply full and timely
information to the Committee or Administrator, as the case may be, on all matters relating to the compensation of its Participants, the date and circumstances of the retirement, Disability, death or Separation from Service of its Participants, and
such other pertinent information as the Committee or Administrator may reasonably require. 

 ARTICLE 12 

 Other Benefits and Agreements 
  

	12.1	Coordination with Other Benefits. The benefits provided for a Participant and Participant’s Beneficiary under the Plan are in addition to any other benefits
available to such Participant under any other plan or program for employees of the Participant’s Employer. The Plan shall supplement and shall not supersede, modify or amend any other such plan or program except as may otherwise be expressly
provided. 

 ARTICLE 13  
 Claims Procedures 
  

	13.1	Presentation of Claim. Any Participant or Beneficiary of a deceased Participant (such Participant or Beneficiary being referred to below as a “Claimant”) may
deliver to the Committee a written claim for a determination with respect to the amounts distributable to such Claimant from the Plan. If such a claim relates to the contents of a notice received by the Claimant, the claim must be made within
60 days after such notice was received by the Claimant. All other claims must be made within 180 days of the date on which the event that caused the claim to arise occurred. The claim must state with particularity the determination desired
by the Claimant. 

  

	13.2	Notification of Decision. The Committee shall consider a Claimant’s claim within a reasonable time, and shall notify the Claimant in writing:

  

	 	(a)	that the Claimant’s requested determination has been made, and that the claim has been allowed in full; or 

  

	 	(b)	that the Committee has reached a conclusion contrary, in whole or in part, to the Claimant’s requested determination, and such notice must set forth in a manner calculated to
be understood by the Claimant: 

  

	 	(i)	the specific reason(s) for the denial of the claim, or any part of it; 

  

	 	(ii)	specific reference(s) to pertinent provisions of the Plan upon which such denial was based; 

  

	 	(iii)	a description of any additional material or information necessary for the Claimant to perfect the claim, and an explanation of why such material or information is necessary; and

  

	 	(iv)	an explanation of the claim review procedure set forth in Section 13.3 below. 

  

	13.3	Review of a Denied Claim. Within 60 days after receiving a notice from the Committee that a claim has been denied, in whole or in part, a Claimant (or the
Claimant’s duly authorized representative) may file with the Committee a written request for a review of the denial of the claim. Thereafter, but not later than 30 days after the review procedure began, the Claimant (or the Claimant’s
duly authorized representative): 

  

	 	(a)	may review pertinent documents; 

  

	 	(b)	may submit written comments or other documents; and/or 

  

	 	(c)	may request a hearing, which the Committee, in its sole discretion, may grant. 

  

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	13.4	Decision on Review. The Committee shall render its decision on review promptly, using an abuse of discretion standard of review, and shall render its decision not
later than 60 days after the filing of a written request for review of the denial, unless a hearing is held or other special circumstances require additional time, in which case the Committee’s decision must be rendered within
120 days after such date. Such decision must be written in a manner calculated to be understood by the Claimant, and it must contain: 

  

	 	(a)	specific reasons for the decision; 

  

	 	(b)	specific reference(s) to the pertinent Plan provisions upon which the decision was based; and 

  

	 	(c)	such other matters as the Committee deems relevant. 

  

	13.5	Legal Action. A Claimant’s compliance with the foregoing provisions of this Article 13 is a mandatory prerequisite to a Claimant’s right to commence any
legal action with respect to any claim for benefits under this Plan. Effective October 15, 2004, if Claimant has entered into an arbitration agreement with the Company or an Employer, the provisions of that arbitration agreement will govern
following a Claimant’s compliance with the foregoing provisions of this Article 13, and shall be the sole and exclusive remedy following compliance with the foregoing provisions. 

 ARTICLE 14  
 Trust

  

	14.1	Establishment of the Trust. The Company may establish the Trust, and each Employer may transfer over to the Trust such assets as the Employer determines, in its sole
discretion, to provide for its respective future liabilities created with respect to the Annual Deferral Amounts and Annual Company Contribution Amounts, for such Employer’s Participants for all periods prior to the transfer, as well as any
debits and credits to the Participants’ Account Balances for all periods prior to the transfer, taking into consideration the value of the assets in the trust at the time of the transfer. 

  

	14.2	Interrelationship of the Plan and the Trust. The provisions of the Plan and the Plan Agreement shall govern the rights of a Participant to receive distributions
pursuant to the Plan. The provisions of the Trust shall govern the rights of the Employers, Participants and the other creditors of the Employers to the assets transferred to the Trust. Each Employer shall at all times remain liable to carry out its
obligations under the Plan. 

  

	14.3	Distributions From the Trust. Each Employer’s obligations under the Plan may be satisfied with Trust assets distributed pursuant to the terms of the Trust, and
any such distribution shall reduce the Employer’s obligations under this Plan. 

  

	14.4	Investment of Trust Assets. The Trustee of the Trust shall be authorized, upon written instructions received from the Committee or investment manager appointed by the
Committee, to invest and reinvest the assets of the Trust in accordance with the applicable Trust Agreement. 

 ARTICLE
15  
 Miscellaneous 
  

	15.1	 Status of Plan. The Plan is intended to be a plan that is not qualified within the meaning of Code Section 401(a) and that “is unfunded and
is maintained by an employer primarily for the purpose of providing deferred compensation for a select group of management or highly compensated employees” within the meaning of ERISA Sections 201(2), 301(a)(3) and 401(a)(1). The Plan shall be
administered and interpreted to the extent possible in a manner consistent with that intent. The Plan is an unfunded, nontax-qualified, individual account, profit sharing plan. Plan benefits shall only accrue immediately before they are paid and may
be paid directly by the Company. By electing to contribute to this Plan, each Participant acknowledges that this Plan is subject to ERISA but 

  

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exempted from all of ERISA’s substantive requirements because it is a “top-hat plan,” acknowledges that the Company would not have implemented
or continued this Plan but for its good-faith belief that it is a top-hat plan, agrees that all Plan benefits shall be contingent on the Plan being a top-hat plan and promises never to assert otherwise. 

  

	15.2	Unsecured General Creditor. Participants and their Beneficiaries, heirs, successors and assigns shall have no legal or equitable rights, interests or claims in any
property or assets of an Employer. For purposes of the payment of benefits under this Plan, the Employer’s assets shall be, and remain, neither pledged nor restricted under or as a result of this Plan. An Employer’s obligation under the
Plan shall be merely that of an unfunded and unsecured promise to pay money in the future. 

  

	15.3	Employer’s Liability. An Employer’s liability for the payment of benefits shall be defined only by the Plan and the Plan Agreement, as entered into between
the Employer and a Participant. An Employer shall have no obligation to a Participant under the Plan except as expressly provided in the Plan and his or her Plan Agreement. 

  

	15.4	Nonassignability. Neither a Participant nor any other person shall have any right to commute, sell, assign, transfer, pledge, anticipate, mortgage or otherwise
encumber, transfer, hypothecate, alienate or convey in advance of actual receipt, the amounts, if any, payable hereunder, or any part thereof, which are, and all rights to which are expressly declared to be, unassignable and non-transferable. No
part of the amounts payable shall, prior to actual payment, be subject to seizure, attachment, garnishment or sequestration for the payment of any debts, judgments, alimony or separate maintenance owed by a Participant or any other person, be
transferable by operation of law in the event of a Participant’s or any other person’s bankruptcy or insolvency or be transferable to a spouse as a result of a property settlement or otherwise. 

  

	15.5	Not a Contract of Employment. The terms and conditions of this Plan shall not be deemed to constitute a contract of employment between any Employer and the
Participant. Such employment is hereby acknowledged to be an “at will” employment relationship that can be terminated at any time for any reason, or no reason, with or without cause, and with or without notice, except to the extent
expressly provided in a written employment agreement, if any. Nothing in this Plan shall be deemed to give a Participant the right to be retained in the service of any Employer or to interfere with the right of any Employer to discipline or
discharge the Participant at any time. 

  

	15.6	Furnishing Information. A Participant or his or her Beneficiary, as a condition to entitlement to benefits hereunder, shall cooperate with the Committee by furnishing
any and all information requested by the Committee and take such other actions as may be requested in order to facilitate the administration of the Plan and the payments of benefits hereunder, including but not limited to taking such physical
examinations as the Committee may deem necessary. 

  

	15.7	Terms. Whenever any words are used herein in the masculine, they shall be construed as though they were in the feminine in all cases where they would so apply; and
whenever any words are used herein in the singular or in the plural, they shall be construed as though they were used in the plural or the singular, as the case may be, in all cases where they would so apply. 

  

	15.8	Captions. The captions of the articles, sections and paragraphs of this Plan are for convenience only and shall not control or affect the meaning or construction of
any of its provisions. 

  

	15.9	Governing Law. Subject to ERISA, the provisions of this Plan shall be construed and interpreted according to the internal laws of the State of California without
regard to its conflicts of laws principles. 

  

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	15.10	Notice. Any notice or filing required or permitted to be given to the Committee under this Plan shall be sufficient if in writing and hand-delivered, or sent by
registered or certified mail, to the address below: 

  

					
		 	 Amgen Inc. Nonqualified Deferred
 Compensation Plan
Committee
	 	
		 	Amgen Inc.	 	
		 	One Amgen Center Drive	 	
		 	Thousand Oaks, CA 91320-1799	 	

 Such notice shall be deemed given as of the date of delivery or, if delivery is made by mail, as
of the date shown on the postmark on the receipt for registration or certification. 
 Any notice or filing required or permitted to be given
to a Participant under this Plan shall be sufficient if in writing and hand-delivered, or sent by mail, to the last address of the Participant shown on the records of the Company. 
  

	15.11	Successors. The provisions of this Plan shall bind and inure to the benefit of the Participant’s Employer and its successors and assigns and the Participant and
the Participant’s designated Beneficiaries. 

  

	15.12	Spouse’s Interest. The interest in the benefits hereunder of a spouse of a Participant who has predeceased the Participant shall automatically pass to the
Participant and shall not be transferable by such spouse in any manner, including but not limited to such spouse’s will, nor shall such interest pass under the laws of intestate succession. 

  

	15.13	Validity. In case any provision of this Plan shall be illegal or invalid for any reason, said illegality or invalidity shall not affect the remaining parts hereof, but
this Plan shall be construed and enforced as if such illegal or invalid provision had never been inserted herein. 

  

	15.14	Incompetent. If the Committee determines in its discretion that a benefit under this Plan is to be paid to a minor, a person declared incompetent or to a person
incapable of handling the disposition of that person’s property, the Committee may direct payment of such benefit to the guardian, legal representative or person having the care and custody of such minor, incompetent or incapable person. The
Committee may require proof of minority, incompetence, incapacity or guardianship, as it may deem appropriate prior to distribution of the benefit. Any payment of a benefit shall be a payment for the account of the Participant and the
Participant’s Beneficiary, as the case may be, and shall be a complete discharge of any liability under the Plan for such payment amount. 

  

	15.15	Insurance. The Employers, on their own behalf or on behalf of the trustee of the Trust, and, in their sole discretion, may apply for and procure insurance on the life
of the Participants, in such amounts and in such forms as the Trust may choose. The Employers or the trustee of the Trust, as the case may be, shall be the sole owner and beneficiary of any such insurance. The Participants shall have no interest
whatsoever in any such policy or policies, and at the request of the Employers shall submit to medical examinations and supply such information and execute such documents as may be required by the insurance company or companies to whom the Employers
have applied for insurance. 

  

	15.16	 Legal Fees To Enforce Rights After Change of Control. The Company and each Employer is aware that upon the occurrence of a Change of Control, the
Board or the board of directors of a Participant’s Employer (which might then be composed of new members) or a shareholder of the Company or the Participant’s Employer, or of any successor corporation might then cause or attempt to cause
the Company, the Participant’s Employer or such successor to refuse to comply with its obligations under the Plan and might cause or attempt to cause the Company or the Participant’s Employer to institute, or may institute, litigation
seeking to deny Participants the benefits 

  

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intended under the Plan. In these circumstances, the purpose of the Plan could be frustrated. Accordingly, if, following a Change of Control, it should
appear to any Participant that the Company, the Participant’s Employer or any successor corporation has failed to comply with any of its obligations under the Plan or any agreement thereunder or, if the Company, such Employer or any other
person takes any action to declare the Plan void or unenforceable or institutes any litigation or other legal action designed to deny, diminish or to recover from any Participant the benefits intended to be provided, then the Company and the
Participant’s Employer irrevocably authorize such Participant to retain counsel of his or her choice at the expense of the Company and the Participant’s Employer (who shall be jointly and severally liable) to represent such Participant in
connection with the initiation or defense of any litigation or other legal action, whether by or against the Company, the Participant’s Employer or any director, officer, shareholder or other person affiliated with the Company, the
Participant’s Employer or any successor thereto in any jurisdiction. The Company or the Participant’s Employer will pay all expenses described in this Section 15.16 no later than the last day of the Participant’s taxable year
immediately following the taxable year in which the expenses are incurred, and the amount of expenses incurred in one taxable year shall not affect the eligible expenses in any other taxable year. Notwithstanding anything in this Section or the Plan
to the contrary, the Company and/or the Participant’s Employer shall have no obligation for any unpaid expenses under this Section, and the Participant shall reimburse the Company and/or the Participant’s Employer for expenses already
paid, to the extent there is a judicial determination or final arbitration decision that the litigation or other legal action brought by the Participant is frivolous. 

  

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 IN WITNESS WHEREOF, the Company has signed this amended and restated Plan document as of
            , 2008. 
  

			
	“Company”
	
	Amgen Inc., a Delaware corporation
		
	By:	 	 /s/ BRIAN MCNAMEE

	Title:	 	Senior Vice President, Human Resources

  

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 Appendix A 
 The following subsidiaries and affiliates of Amgen Inc. are designated as Employers: 
 Amgen Fremont Inc. 
 Amgen Manufacturing, Limited 
 Amgen Mountain View Inc. 
 Amgen SF, LLC 
 Amgen USA Inc. 
 Amgen Worldwide Services, Inc. 
 Immunex Corporation 
 Immunex Manufacturing Corporation 
 Immunex Rhode Island Corporation

 Tularik Pharmaceutical Company 
  

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 Appendix B 
 Subject to the other terms and conditions of the Plan, the following management-level Employees shall be eligible to participate in the Plan: 
 1.
Those management-level Employees at Job Level 7 or higher. 
 2. Those management-level Employees at Job Level 6 who, prior to the implementation of the
Global Career Framework, were participating in the Plan. 
  

 25

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