Document:

Form of Non-Qualified Stock Option Agreement

 Exhibit 10(s) 
 

 
 2002 STOCK INCENTIVE PLAN 
 NONQUALIFIED STOCK OPTION AGREEMENT 
 Bristol-Myers Squibb Company (the “Company”) has
granted you an option to purchase a number of shares of the Common Stock of Bristol-Myers Squibb Company, (the “Option”), at the specified price set forth in the above Grant Summary. The Expiration Date of the grant is set forth above.
This grant is subject in all respects to the terms, definitions and provisions of the Bristol-Myers Squibb Company 2002 Stock Incentive Plan (the “Plan”) adopted by the Company. 
 This Option is granted upon and subject to the following terms and conditions: 
  

	1.	Vesting Schedule and Exercise Threshold . You must remain in the continuous employment of the Company or one of its subsidiaries (the “Company”) for a period of
one-year following the date of this grant before you are permitted to exercise any portion of the Option. Thereafter, except as specifically set forth below, this Option may be exercised in the following manner: (a) only to the extent of 25
percent of the number of shares to which this Option applies on or after the first anniversary and prior to the second anniversary of the date of grant hereof; (b) only to the extent of 50 percent of the number of shares to which this Option
applies on or after the second anniversary and prior to the third anniversary of the date of grant hereof; and (c) only to the extent of 75 percent of the number of shares to which this Option applies on or after the third anniversary and prior
to the fourth anniversary of the date of grant hereof. 

 These provisions do not apply if you (a) are 60 years old;
(b) die while employed by the Company; (c) retire; or (d) cease to be employed by the Company (i) on or after your 65th birthday, (ii) after your 55th birthday and you have completed 10 years of service, (iii) on or
after the date the sum of the your age plus years of service, when rounded up to the next highest number, equals at least 70 and you have completed ten years of service with the Company and your employment terminates for any reason other than death,
resignation, willful misconduct, or activity deemed detrimental to the interest of the Company, or (iv) for any reason other than death, resignation, willful misconduct, or activity deemed detrimental to the interest of the Company. If you
terminate from the Company under clause (d)(iii) or (d)(iv), you must sign a General Release and, where applicable, a non-solicitation and/or non-compete agreement with the Company for these provisions to be inapplicable. 
 In addition to the vesting provisions stated above, 100% of the Option award is subject to a price appreciation exercise threshold. The Option may only be
exercised once the Company’s common stock achieves a closing price of and remains at or above that closing price for seven (7) consecutive trading days during the Option term. This price appreciation exercise threshold shall not apply in
the case of the death of the Optionee. 
  

	2.	Option Exercise and Payment. To exercise the Option, in whole or in part, you must notify the Company’s designated broker/agent in a manner designated by the Plan
Administrator. This notification will be effective upon receipt by the Company’s designated broker/agent and must be received on or before the specified Expiration Date. If the specified Expiration Date falls on a day that is not a regular
business day at the Company’s executive office in New York City or broker/agent’s office, then the exercise notification must be received on or before the last regular business day prior to the Expiration date. 

 Payment must be made in the form of a wire transfer, personal check, or money order, payable in U.S. dollars and on a U.S. bank to the order of the
Company’s designated broker/agent; or by authorizing the Company’s designated broker/agent to sell the shares acquired upon the exercise of the Option and remit to the Company a sufficient portion of the sale proceeds to pay the entire
exercise price, applicable brokerage fees, and any withholding and/or taxes and applicable fees resulting from such exercise as described in Section 3 hereof; or, if not problematic under local law, by delivery of a certificate or certificates
for shares of Common Stock of the Company owned by you for at least six months having a fair market value at the date of exercise equal to the purchase price for such shares, or in a combination of the foregoing; provided, however, that payment in
shares of Common Stock of the Company will not be permitted unless at least 100 shares of Common Stock are required and delivered for such purpose. Any stock certificate or certificates so delivered must be endorsed, or accompanied by an appropriate
stock power, to the order of Bristol-Myers Squibb Company, with the signature guaranteed by a bank or trust company or by a member firm of the New York Stock Exchange. In lieu of the physical delivery of certificate(s), you may submit certificates
by attestation. 
 No shares will be issued pursuant to the exercise of an Option unless such issuance and such exercise shall comply with all
relevant provisions of law and the requirement of any stock exchange upon which the shares may then be listed. 
  

	3.	Withholding and Employment Taxes Upon Exercise of Option. You must pay the Company upon its demand any amount for the purpose of satisfying its liability, if any, to withhold
federal, state or local income or earnings tax or any other applicable tax or assessment (plus interest or penalties thereon, if any, caused by a delay in making such payment) incurred by reason of your exercise of options or the transfer of shares
thereupon. You may satisfy your withholding tax obligations by authorizing the Company’s designated broker/agent to sell an appropriate number of shares being issued on exercise to cover the federal, state, local and FICA taxes. If on the date
of exercise, you are an executive officer of the Company within the meaning of Section 16 of the Securities Exchange Act of 1934, you must use share withholding to satisfy the obligation to pay federal, state, local and FICA taxes to be
withheld on the exercise. 

  

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	4.	Non-Transferability. You may transfer, in whole or in part, this Option grant to members of your immediate family, to trusts solely for the benefit of such immediate family
members and to partnerships in which your family members and/or trusts are the only partners. For this purpose, immediate family members mean our spouse, parents, children, stepchildren, grandchildren and legal dependants. Any transfer of options
made under this provision will not be effective until notice of such transfer is delivered to the Company. 

  

	5.	Termination of Employment. 

 (a)
Retirement. If you terminate from the Company (i) on or after your sixty-fifth birthday, (ii) on or after your fifty-fifth birthday and you have ten years of service with the Company, or (iii) on or after the date the sum of
your age plus years of service, when rounded up to the next highest number, equals at least 70 and you have completed ten years of service with the Company and your employment terminates for any reason other than death, disability, resignation,
willful misconduct, or activity deemed detrimental to the interest of the Company, provided you sign a general release, your termination of employment will be deemed a retirement. If you are retired from the Company, and your Option was granted more
than one year prior to your retirement, the Option will fully vest on your retirement date and you will have the remainder of the term of the grant to exercise your Option. 
 (b) Military or Government Service. Whether military or government service or other bona fide leave of absence shall constitute
termination of employment for the purpose of this Option shall be determined in each case by the Compensation and Management Development Committee or its successor committee (the “Committee”) in its sole discretion. 
 (c) Disability. If you have been continuously employed by the Company for more than one year after the granting of this Option and
you retire or otherwise cease to be so employed by reason of disability, entitling you to receive payments under a disability pay plan of the Company, you shall be treated as though you remained in the employ of the Company until the earlier of
(i) cessation of payments under the disability pay plan, (ii) death, or (iii) attainment of 65th birthday. 
 (d) Death. If you die while you are employed by the Company and you have held this Option less than a year prior to your death, the Option will lapse. If you die while you are employed by the Company and you have held this Option for
more than one year prior to your death, the Option will not lapse until the Expiration Date. If you die after you have terminated from the Company and you are not retired from the company or on disability at the time of your death, and your death
occurs within the three-month post termination exercise period, the option will lapse one year after your date of death or on the tenth anniversary of the grant date, whichever is earlier. Your personal representative or your estate may exercise
your Option before they lapse. 
 (e) Other. If you resign from the Company and you are not eligible to retire, any
unvested Option shares will lapse on your termination date. You may exercise any vested Option shares within three months of your termination date. If your employment is terminated by the Company for reasons other than misconduct or other conduct
deemed detrimental to the interests of the Company, and you are not eligible to retire, the vesting of this Option will be accelerated provided you have been continuously employed by the Company for more than one year following the grant date and
you sign a General Release. You may also be required to sign a non-compete and/or non-solicitation agreement to receive accelerated vesting treatment. Again, you may exercise vested options within three months of your termination date. 

 

	6.	Forfeiture in the Event of Competition and/or Solicitation or other Detrimental Acts. You acknowledge that your continued employment with the Company is sufficient
consideration for this Agreement, including, without limitation, the restrictions imposed upon you by paragraph 6. 

  

	 	a)	You expressly agree and covenant that during the Restricted Period (as defined below), you shall not, without the prior consent of the Company, directly or indirectly:

  

	 	i)	own or have any financial interest in a Competitive Business (as defined below), except that nothing in this clause shall prevent you from owning one per cent or less of the
outstanding securities of any entity whose securities are traded on a U.S. national securities exchange (including NASDAQ) or an equivalent foreign exchange; 

  

	 	ii)	be actively connected with a Competitive Business by managing, operating, controlling, being an employee or consultant (or accepting an offer to be an employee or consultant) or
otherwise advising or assisting a Competitive Business in such a way that such connection might result in an increase in value or worth of any product, technology or service, that competes with any product, technology or service upon which you
worked or about which you became familiar as a result of your employment with the Company. You may, however, be actively connected with a Competitive Business after your employment with the Company terminates for any reason , so long as your
connection to the business does not involve any product, technology or service, that competes with any product, technology or service upon which you worked or about which you became familiar as a result of your employment with the Company and the
Company is provided written assurances of this fact from the Competing Company prior to your beginning such connection. 

  

	 	iii)	take any action that might divert any opportunity from the Company or any of its affiliates, successors or assigns (the “Related Parties”) that is within the scope of the
present or future operations or business of any Related Parties; 

  

	 	iv)	employ, solicit for employment, advise or recommend to any other person that they employ or solicit for employment or form an association with any person who is employed by the
Company or who has been employed by the Company within one year of the date your employment with the Company ceased for any reason whatsoever; 

  

	 	v)	contact, call upon or solicit any customer of the Company, or attempt to divert or take away from the Company the business of any of its customers; 

  

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	 	vi)	contact, call upon or solicit any prospective customer of the Company that you became aware of or were introduced to in the course of your duties for the Company, or otherwise
divert or take away from the Company the business of any prospective customer of the Company; or 

  

	 	vii)	engage in any activity that is harmful to the interests of the Company, including, without limitation, any conduct during the term of your employment that violates the
Company’s Standards of Business Conduct and Ethics, securities trading policy and other policies. 

  

	 	b)	Forfeiture. If the Company determines that you have violated any provisions of paragraph 6(a) above during the Restricted Period, then you agree and covenant that:

  

	 	i)	any portion of the Option (whether or not vested) that has not been exercised as of the date of such determination shall be immediately rescinded; 

  

	 	ii)	you shall automatically forfeit any rights you may have with respect to the Option as of the date of such determination; and 

  

	 	iii)	if you have exercised all or any part of the Option within the twelve-month period immediately preceding a violation of paragraph 6(a) above (or following the date of any such
violation), upon the Company’s demand, you shall immediately deliver to it a certificate or certificates for shares of the Company’s Common Stock with a fair market value (determined on the date of such demand) equal to the gain realized
by you upon such exercise. 

  

	 	c)	Definitions. For purposes of this paragraph 6, the following definitions shall apply: 

  

	 	i)	The Company directly advertises and solicits business from customers wherever they may be found and its business is thus worldwide in scope. Therefore, “Competitive
Business” means any person or entity that engages in any business activity that competes with the Company’s business in any way, in any geographic area in which the Company engages in business, including, without limitation, any state
in the United States in which the Company sells or offers to sell its products from time to time. 

  

	 	ii)	“Restricted Period” means the period during which you are employed by the Company and twelve months following the date that you cease to be employed by the Company
for any reason whatsoever. 

  

	 	d)	Severability. You acknowledge and agree that the period, scope and geographic areas of restriction imposed upon you by the provisions of paragraph 6 are fair and reasonable
and are reasonably required for the protection of the Company. In the event that any part of this Agreement, including, without limitation, paragraph 6, is held to be unenforceable or invalid, the remaining parts of paragraph 6 and this Agreement
shall nevertheless continue to be valid and enforceable as though the invalid portions were not a part of this Agreement. If any one of the provisions in paragraph 6 is held to be excessively broad as to period, scope and geographic areas, any such
provision shall be construed by limiting it to the extent necessary to be enforceable under applicable law. 

  

	 	e)	Additional Remedies. You acknowledge that breach by you of this Agreement would cause irreparable harm to the Company and that in the event of such breach, the Company shall
have, in addition to monetary damages and other remedies at law, the right to an injunction, specific performance and other equitable relief to prevent violations of your obligations hereunder. 

  

	7.	Adjustments in the Event of Change in Stock. Notwithstanding anything in this Option Agreement to the contrary, if prior to the Expiration Date any changes occur in the
outstanding Common Stock of the Company by reason of stock dividends, recapitalization, mergers, consolidations, split-ups, combinations or exchanges of shares and the like, the aggregate number and class of shares under the Plan, and the number,
class and price of share subject to outstanding options or awards shall be adjusted appropriately by the Committee, whose determination shall be conclusive. 

  

	8.	Data Privacy. By entering into this agreement, you (a) authorize the Company and any agent of the Company administering the Plan or providing Plan recordkeeping
services, to disclose to the Company or any of its subsidiaries such information and data as the Company or any such subsidiary shall request in order to facilitate the grant of options and the administration of the Plan; (b) waive any data
privacy rights you may have with respect to such information; and (c) authorize the Company to store and transmit such information in electronic form. 

  

	9.	Binding Effect. All decisions or interpretations of the Board of Directors or the Committee with respect to any question arising under the Plan or under this Option Agreement
shall be binding, conclusive and final. 

  

	10.	Waiver. The waiver by the Company of any provision of this Option shall not operate as or be construed to be a subsequent waiver of the same provision or waiver or any other
provision hereof. 

  

	11.	Construction. This Option shall be irrevocable during the Option period and its validity and construction shall be governed by the laws of the State of New York. The terms
and conditions herein set forth are subject in all respects to the terms and conditions of the Plan, which shall be controlling. 

  

			
	Bristol-Myers Squibb Company
		
	By	 	  

  

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 I understand that this option has been granted to provide a means for me to acquire and/or expand an ownership position
in Bristol-Myers Squibb Company, and it is expected that I will retain the stock I receive upon the exercise of this option consistent with the Company’s share retention guidelines in effect at the time of exercise of this award. In accepting
this grant, I hereby agree that Smith Barney, or such other vendor as the Company may choose to administer the plan, may provide the Company with any and all account information necessary to monitor my compliance with the Company’s Share
Retention Policy. 
 I hereby agree to the foregoing terms and conditions and accept the grant of the option subject thereto. 
  

 E-10-3Form of Restricted Stock Award Agreement

 Exhibit 10(t) 
 

 
 RESTRICTED STOCK AWARD AGREEMENT 
 UNDER THE BRISTOL-MYERS SQUIBB COMPANY 
 2002 STOCK INCENTIVE PLAN 
  

					
		 	Award Recipient:                         	 	(the “Award Recipient”)
			
		 	Stock Award:                               	 	(the “Stock Award”)
			
		 	Award Date:                                 	 	(the “Award Date”)

 1. STOCK AWARD 
 Under the terms of the Bristol-Myers Squibb Company 2002 Stock Incentive Plan (the “Plan”) the Compensation and Management Development Committee of the Board of Directors of Bristol-Myers Squibb Company (the
“Committee”) has granted to the Award Recipient on the Award Date a Stock Award of Bristol-Myers Squibb Company Common Stock, par value $0.10 per share, (“Common Stock”) as designated herein subject to the terms, conditions, and
restrictions set forth in this Agreement. The purposes of such Award are to motivate and retain the Award Recipient as an employee of Bristol-Myers Squibb Company (the “Company”) or a subsidiary of the Company, to encourage the Award
Recipient to continue to give best efforts for the Company’s future success, and to further the opportunity for stock ownership by the Award Recipient in order to increase the Award Recipient’s proprietary interest in the Company. Except
as may be required by law, the Award Recipient is not required to make any payment (other than payments for taxes pursuant to Section 5 hereof) or provide any consideration other than the rendering of future services to the Company or a
subsidiary of the Company. You acknowledge that your continued employment with the Company and the Stock Award are sufficient consideration for this Agreement, including, without limitation, the restrictions imposed on you by Section 3.

 2. STOCK CERTIFICATES 
 The stock
certificate(s), if any, evidencing the shares of the Stock Award shall be registered on the Company’s books in the name of the Award Recipient as of the Award Date. Physical possession or custody of such stock certificate(s), if any, shall be
retained by the Company or by a bank or other institution in accordance with rules adopted by the Committee until such time as the applicable Restricted Period (as defined below) ends as set forth in Section 3 of this Agreement or such earlier
termination of employment described in Section 3 of this Agreement. 
 Standard Agreement 
  

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 While in its possession, the Company reserves the right to place a legend on the stock certificate(s)
restricting the transferability of such certificate(s) and referring to the terms and conditions (including, without limitation, forfeiture) approved by the Committee and relating to the shares represented by the certificate(s). After the applicable
Restricted Period, or earlier termination of employment, referred to above, ends, the Company shall cause an unlegended stock certificate(s) covering the requisite number of vested shares registered on the Company’s books in the name of the
Award Recipient or his beneficiary(ies), as appropriate, to be delivered to such person(s) as soon as practicable after the applicable Restricted Period ends. 
 3. RESTRICTIONS AND FORFEITURES 
 Except as otherwise provided in this Section 3, shares of stock covered by the Stock
Award shall be subject to the restrictions and conditions set forth herein during the Restricted Period (as defined below) and the Non-Competition and Non-Solicitation Period (as defined below). 
 Vesting of the Stock award is conditioned upon the Award Recipient remaining continuously employed by the Company or a subsidiary of the Company
following the Award Date. Assuming the satisfaction of these conditions, the Stock Award will become vested and nonforfeitable as follows: one third on the third anniversary of the Award Date; an additional one-third on the fourth anniversary of the
Award Date; and the final third on the fifth anniversary of the Award Date. In the event the Award Recipient attains age 65 while still an Employee of the Company, all unvested Award shares held at least one year from the Award Date will vest and
become non-forfeitable. So long as the Award Recipient remains an employee of the Company after attaining Age 65, all other Award shares will become 100% vested one year from the Award Date. 
  

	 	(a)	Except as set forth below, during the Restricted Period, the Award Recipient may not sell, transfer, pledge or assign any of the shares of stock covered by the Stock Award that have
not vested. 

  

	 	(b)	Except as the Committee may otherwise determine, the Award Recipient shall have with respect to the stock covered by the Stock Award all of the rights of a stockholder of the
Company, including the right to vote the shares and receive dividends and other distributions provided that distributions in the form of stock shall be subject to the same restrictions as the stock of the underlying Stock Award. Certificates for
shares of stock covered by the Stock Award shall be delivered to the Award Recipient promptly after, and only after, the Restricted Period shall have expired without any forfeiture occurring with respect to such shares. 

  

	 	(c)	In the event of an Award Recipient’s Retirement, Death or Disability (as those terms are defined in the Plan) prior to the end of the Restricted Period, the Award Recipient, or
his/her estate, shall be entitled to receive a proportionate number of the total number of shares subject to the Stock Award granted, provided that the Award Recipient has been continuously employed by the Company for at least one year following the
Award 

 Standard Agreement 
  

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 Date and the Award Recipient’s employment has not been terminated by the Company for misconduct or
other conduct deemed detrimental to the interests of the Company. The formula for determining the proportionate number of shares the Award Recipient is entitled to is available by request from the Office of the Corporate Secretary at 345 Park
Avenue, New York, New York 10154. 
  

	 	(d)	In the event the Award Recipient’s employment is terminated by the Company for reasons other than misconduct or other conduct deemed detrimental to the interests of the
Company, and the Award Recipient is not eligible to retire, the Award Recipient shall receive a proportionate number of the total number of shares subject to the Stock Award granted, provided that the Award Recipient has been continuously employed
by the Company for at least one year following the Award Date and the Award Recipient signs a general release and where applicable, a non-compete and/or a non-solicitation agreement. The formula for determining the proportionate number of shares the
Award Recipient is entitled to is available by request from the Office of the Corporate Secretary at 345 Park Avenue, New York, New York 10154. 

  

	 	(e)	In the event the Award Recipient’s employment is terminated for a Qualifying Reason (as defined under the Plan) during the three (3) year period following a Change in
Control (as defined under the Plan), all remaining restrictions shall be waived and the shares covered by the Stock Award shall be deemed fully vested. 

  

	 	(f)	In the event of the Award Recipient’s voluntary termination, or termination for misconduct or other conduct deemed detrimental to the interests of the Company, the Award
Recipient shall forfeit all unvested shares covered by the Stock Award on the date of termination. 

  

	 	(g)	In the event that the Award Recipient fails promptly to pay or make satisfactory arrangements as to the withholding taxes as provided in Section 5, all shares then subject to
restriction shall be forfeited by the Award Recipient and shall be deemed to be reacquired by the Company. 

  

	 	(h)	The Award Recipient may, at any time prior to the expiration of the Restricted Period, waive all rights with respect to all or some of the shares covered by the Stock Award by
delivering to the Company a written notice of such waiver. 

  

	 	(i)	Any shares covered by the Stock Award that are forfeited by the Award Recipient shall be retired by the Company and resume the status of Treasury shares available for use under the
Plan in accordance with Section 3 of the Plan. 

  

	 	(j)	(i) A transfer of an Award Recipient from the Company to a subsidiary, or vice versa, or from one subsidiary to another; (ii) a leave of absence, duly authorized in
writing by the Company, for military service or sickness or for any other purpose approved by 

 Standard Agreement 

 

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 the Company if the period of such leave does not exceed ninety (90) days, and (iii) a leave of
absence in excess of ninety (90) days, duly authorized in writing, by the Company, provided the Award Recipient’s right to reemployment is guaranteed either by a statute or by contract, shall not be deemed a termination of employment.
However, failure of the Award Recipient to return to the employ of the Company at the end of an approved leave of absence shall be deemed a termination. During a leave of absence as defined in (ii) or (iii), the Award Recipient will be
considered to have been continuously employed by the Company but such period shall not be counted in determining the period of employment for vesting purposes of this Section 3. 
  

	 	(k)	By accepting this Stock Award, you expressly agree and covenant that during the Restricted Period (as defined below) and the Non-Competition and Non-Solicitation Period (as defined
below), you shall not, without the prior consent of the Company, directly or indirectly: 

  

	 	i)	own or have any financial interest in a Competitive Business (as defined below), except that nothing in this clause shall prevent you from owning one per cent or less of the
outstanding securities of any entity whose securities are traded on a U.S. national securities exchange (including NASDAQ) or an equivalent foreign exchange; 

  

	 	ii)	be actively connected with a Competitive Business by managing, operating, controlling, being an employee or consultant (or accepting an offer to be an employee or consultant) or
otherwise advising or assisting a Competitive Business in such a way that such connection might result in an increase in value or worth of any product, technology or service, that competes with any product, technology or service upon which you
worked or about which you became familiar as a result of your employment with the Company. You may, however, be actively connected with a Competitive Business after your employment with the Company terminates for any reason, so long as your
connection to the business does not involve any product, technology or service, that competes with any product, technology or service upon which you worked or about which you became familiar as a result of your employment with the Company and the
Company is provided written assurances of this fact from the Competing Company prior to your beginning such connection. 

  

	 	iii)	take any action that might divert any opportunity from the Company or any of its affiliates, successors or assigns (the “Related Parties”) that is within the scope of the
present or future operations or business of any Related Parties; 

  

	 	iv)	employ, solicit for employment, advise or recommend to any other person that they employ or solicit for employment or form an association with any person who is employed by the
Company or who has been employed by the Company within one year of the date your employment with the Company ceased for any reason whatsoever; 

 Standard Agreement 
  

 E-10-4 

	 	v)	contact, call upon or solicit any customer of the Company, or attempt to divert or take away from the Company the business of any of its customers; 

  

	 	vi)	contact, call upon or solicit any prospective customer of the Company that you became aware of or were introduced to in the course of your duties for the Company, or otherwise
divert or take away from the Company the business of any prospective customer of the Company; or 

  

	 	vii)	engage in any activity that is harmful to the interests of the Company, including, without limitation, any conduct during the term of your employment that violates the
Company’s Standards of Business Conduct and Ethics, securities trading policy and other policies. 

  

	 	(l)	Forfeiture. If the Committee determines that you have violated any provisions of Section 3(k) above during the Restricted Period or the Non-Competition and
Non-Solicitation Period, then you agree and covenant that: 

  

	 	(i)	any unvested portion of the Stock Award shall be immediately rescinded; 

  

	 	(ii)	you shall automatically forfeit any rights you may have with respect to the Stock Award as of the date of such determination; and 

  

	 	(iii)	if any part of the Stock Award vests within the twelve-month period immediately preceding a violation of Section 3(k) above (or following the date of any such violation), upon
the Company’s demand, you shall immediately deliver to it a certificate or certificates for shares of the Company’s Common Stock that you acquired upon such vesting. 

  

	 	(m)	Definitions. For purposes of this Agreement, the following definitions shall apply: 

  

	 	(i)	The Company directly advertises and solicits business from customers wherever they may be found and its business is thus worldwide in scope. Therefore, “Competitive
Business” means any person or entity that engages in any business activity that competes with the Company’s business in any way, in any geographic area in which the Company engages in business, including, without limitation, any state
in the United States in which the Company sells or offers to sell its products from time to time. 

  

	 	(ii)	“Non-Competition and Non-Solicitation Period” means the period during which you are employed by the Company and twelve months following the date that you cease to
be employed by the Company for any reason whatsoever. 

 Standard Agreement 
  

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	 	(iii)	“Restricted Period” means the period from the Award Date until all of the shares of stock covered by the Stock Award become vested. 

  

	 	(n)	Severability. You acknowledge and agree that the period, scope and geographic areas of restriction imposed upon you by the provisions of Section 3 are fair and
reasonable and are reasonably required for the protection of the Company. In the event that all or any part of this Section 3 is held to be unenforceable or invalid, the remaining parts of Section 3 and this Agreement shall nevertheless
continue to be valid and enforceable as though the invalid portions were not a part of this Agreement. If any one of the provisions in Section 3 is held to be excessively broad as to period, scope and geographic areas, any such provision shall
be construed by limiting it to the extent necessary to be enforceable under applicable law. 

  

	 	(o)	Additional Remedies. You acknowledge that breach by you of this Agreement would cause irreparable harm to the Company and that in the event of such breach, the Company shall
have, in addition to monetary damages and other remedies at law, the right to an injunction, specific performance and other equitable relief to prevent violations of your obligations hereunder. 

 4. DEATH OF AWARD RECIPIENT 
 In the event of the
Award Recipient’s death prior to the delivery of vested shares hereunder, such shares shall be delivered to the Award Recipient’s estate, upon presentation to the Committee of letters testamentary or other documentation satisfactory to the
Committee. 
 5. TAXES 
 At such time as
the Company is required to withhold taxes with respect to the shares covered by the Stock Award, or at an earlier date as determined by the Company, the Award Recipient shall remit to the Company of an amount sufficient to cover such taxes or make
such other arrangement regarding payments of such taxes as is satisfactory to the Committee. The Company and its subsidiaries shall, to the extent permitted by law, have the right to deduct such amount from any payment of any kind otherwise due to
the Award Recipient. Prior to vesting of the shares covered by the Stock Award, the dividends payable to the Award Recipient will be compensation (wages) for tax purposes and will be included on the Award Recipient’s W-2 form. The Company shall
withhold applicable taxes on such dividends. The Company may deduct such taxes either from the gross dividends payable on such shares or from any other cash payments to be made to or on account of the Award Recipient or may require the Award
Recipient to remit promptly to the Company such tax amounts. Any cash payment to the Award Recipient referred to in Section 3 of the Agreement shall be included in the Award Recipient’s W-2 form as compensation and shall be subject to
applicable tax withholding. 
 Standard Agreement 
  

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 6. CHANGES IN CAPITALIZATION 
 In the event of any change in the outstanding Common Stock of the Company as contemplated by Section 10 of the Plan occurring prior to the vesting of shares as set forth in Section 3 of this Agreement, the
Committee shall adjust appropriately the number of shares covered for the Stock Award (including shares not already vested) and may make any other related adjustments as it deems appropriate. 
 7. EFFECT ON OTHER BENEFITS 
 In no event shall the
value, at any time, of the shares covered by the Stock Award or any other payment under this Agreement be included as compensation or earnings for purposes of any other compensation, retirement, or benefit plan offered to employees of the Company
unless otherwise specifically provided for in such plan. 
 8. RIGHT TO CONTINUED EMPLOYMENT 
 Nothing in the Plan or this Agreement shall confer on an Award Recipient any right to continue in the employ of the Company or any subsidiary or any
specific position or level of employment with the Company or any subsidiary or affect in any way the right of the Company or any subsidiary to terminate the Award Recipient’s employment without prior notice at any time for any reason or no
reason. 
 9. ADMINISTRATION 
 The
Committee shall have full authority and discretion, subject only to the express terms of the Plan, to decide all matters relating to the administration and interpretation of the Plan and this Agreement and all such Committee determinations shall be
final, conclusive, and binding upon the Company, the Award Recipient, and all interested parties. 
 10. AMENDMENT 
 This Agreement shall be subject to the terms of the Plan, as amended from time to time, except that the Stock Award which is the subject of this Agreement
may not be adversely affected by any amendment or termination of the Plan approved after the Award Date without the Award Recipient’s written consent. 
 Standard Agreement 
  

 E-10-4 

 11. SEVERABILITY AND VALIDITY 
 The various provisions of this Agreement are severable and any determination of invalidity or unenforceability of any one provision shall have no effect on the remaining provisions. 
 12. GOVERNING LAW 
 This Agreement shall be governed
by the substantive laws (but not the choice of law rules) of the State of New York. 
 13. SUCCESSORS 
 This Agreement shall be binding upon and inure to the benefit of the successors, assigns, and heirs of the respective parties. 
 14. ENTIRE AGREEMENT AND NO ORAL MODIFICATION OR WAIVER 
 This Agreement contains the entire understanding of the parties. This Agreement shall not be modified or amended except in writing duly signed by the parties. Any waiver or any right or failure to perform under this Agreement shall be in
writing signed by the party granting the waiver and shall not be deemed a waiver of any subsequent failure to perform. 
  

			
	By:	 	  

		 	For the Company
		
	Date:	 	  

 I have read this agreement in its entirety. My signature below indicates my agreement to all
the terms, restrictions and conditions set forth in the agreement. 
  

			
	 Signature:
	 	  

		
	 Date:
	 	  

 Standard Agreement 
  

 E-10-4

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