Document:

Form of Restricted Stock Award Agreement

 EXHIBIT 10U 
  

Bristol-Myers Squibb Company 
  
 RESTRICTED STOCK AWARD AGREEMENT 
 UNDER THE BRISTOL-MYERS SQUIBB COMPANY 
 2002 STOCK INCENTIVE PLAN 
  
 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. 
  
 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 
  

	 	(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 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. Theformula 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 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; 

  

	 	(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 of the termination of your employment with the Company; 

  

	 	(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)	The foregoing remedies set forth in Section 3(l) shall not be the Company’s exclusive remedies. The Company reserves all other rights and remedies available to it at law or in
equity. 

  

	(n)	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. 

  

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

  

	(o)	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. 

  

	(p)	Extension of Restrictions Upon Violation. If you violate any provision of Section 3 during the Restricted Period or the Non-Competition and Solicitation Period, the
Restricted Period or the Non-Competition and Non-Solicitation Period, as applicable, shall be extended for a period of twelve months from the date of your last violation. 

  

	(q)	Injunctive Remedies. You acknowledge that the restrictions contained in this Agreement are reasonably necessary to protect the legitimate business interests of the Company,
and that any violation of any of such restrictions will result in immediate and irreparable injury to the Company for which monetary damages will not be an adequate remedy. You further acknowledge that if any such restriction is violated, the
Company will be entitled to immediate relief enjoining such violation (including, without limitation, temporary and permanent injunctions, a decree for specific performance and an equitable accounting of earnings, profits and other benefits arising
from such violation) in any court or before any judicial body having jurisdiction over such claim, without the necessity of showing any actual damage or posting any bond or furnishing any other security. You also agree that any request for such
relief by the Company shall be in addition to and without prejudice to any claim for monetary damages that the Company may elect to assert. 

  

	(r)	Expenses of Enforcement. If you violate this Agreement, you shall pay the Company for any and all costs, fees (including, without limitation, attorneys’ fees), expenses
and disbursements of the Company in connection with the enforcement by the Company of this Agreement. 

	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. 
  

	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. 
  

	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. 
  
 I have read this agreement in its entirety. I hereby agree to the foregoing
terms, restrictions and conditions set forth in the agreement and accept the stock award subject hereto. 
  

			
	 Bristol-Meyers Squibb Company

		
	ByForm of Long-Term Performance Award Agreement

 EXHIBIT 10V 
  

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

	
	 Award Recipient:
  
 Target Number of Shares:
  
 Performance Period:
  

  

	1.	PERFORMANCE SHARE 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 a target number of performance shares as designated herein subject to the terms, conditions and restrictions set forth in this
Agreement. 
  

	2.	CONSIDERATION 

  
 Each participant, as consideration for the Award of performance shares, shall remain in the continuous employ of the Company or of one of its Subsidiaries
or Affiliates for at least one year or such lesser period as the Committee shall so determine in its sole discretion after the date of the making of such Award, and no Award shall be payable until after the completion of such one year or lesser
period of employment by the participant. 
  

	3.	PERFORMANCE PERIOD AND PERFORMANCE MEASURES 

  
 The Performance Period for this Award shall be
                                        
     . The performance measures for this Award will be Earnings Per Share (“EPS”) and total company Sales growth. Each measure will be weighted equally. The cumulative EPS target for the three-year Performance Period
will be and the cumulative sales goal will be. If the cumulative EPS and Sales goals fall below threshold, no payout will be made for the cycle. The final payout will also be modified by a multiplier as determined by the company’s Total
Shareholder Return relative to its peer companies . 
  

	4.	DETERMINATION AND PAYMENT OF PERFORMANCE SHARES EARNED 

  
  
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 As soon as practicable after the end of the Performance Period, the Committee shall determine the extent
to which Awards have been earned on the basis of the company’s actual performance in relation to the established performance objectives and shall certify these results in writing. As promptly as practicable after it has determined that an
amount is payable or should be distributed in respect of the Award, the Committee shall cause the Award to be paid or distributed to the Award Recipient or the Award Recipient’s beneficiaries, as the case may be, in the Committee’s
discretion, either entirely in cash, entirely in Common Stock or partially in cash and partially in Common Stock. 
  
 In making the payment of an Award in cash hereunder, the cash equivalent of such Performance Shares shall be determined by the Fair Market Value of the
Bristol-Myers Squibb Common Stock on the day the Committee approves the payment. All determinations as to whether a payment should be made are in the sole discretion of the Committee. The Committee may determine not to make a payment to any
participant if such participant acts in a manner which is detrimental to the company’s interests in the Committee’s sole judgement. All determinations of the Committee shall be final and binding. 
  

	5.	NONTRANSFERABILITY OF AWARDS AND DESIGNATION OF BENEFICIARY 

  
 No Award under this Agreement shall be transferable other than by will or by the laws of descent and distribution, except that the Award Recipient may
designate a beneficiary pursuant to the provisions hereof on the Designation of Beneficiary form provided herewith. 
  
 If the Award Recipient and/or his/her beneficiary shall attempt to assign his/her rights under this Agreement in violation of the provisions herein, the
company’s obligation to make any further payments shall terminate. 
  
 If no designated beneficiary is living on the date on which any payment becomes payable to the Award Recipient, or if no beneficiary has been specified, such payment will be payable to the person or persons in the first of the following
classes of successive preference: 
  

	 	(i)	Widow or widower, if then living, 

	 	(ii)	Surviving children, equally, 

	 	(iii)	Surviving parents, equally, 

	 	(iv)	Surviving brothers and sisters, equally, 

	 	(v)	Executors or administrators 

  
 and the term “beneficiary” as used in this Agreement shall include such person or persons. 
  

	6.	RETIREMENT AND TERMINATION OF EMPLOYMENT OTHER THAN BY DEATH OR DISABILITY 

  
  
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 In the event of the Award Recipient’s Retirement, as defined by the Bristol-Myers Squibb 2002 Stock
Incentive Plan, prior to the end of the Performance Period but after the Award Recipient has satisfied the one year employment requirement of Section 2 of this Agreement, the Award Recipient and his/her beneficiary shall be entitled to a payment of
such Award at the end of the Performance Period, pursuant to the terms of this Agreement provided, however, that the Award Recipient shall be deemed to have earned that proportion (to the nearest whole share) of the value of the performance shares
granted to him/her under this Agreement as the number of months of the Performance Period which have elapsed since the first day of the calendar year in which the Award was made to the end of the month in which his/her Retirement occurs, bears to
the total number of months in the Performance Period, subject to the attainment of performance objectives associated with this Award as certified by the Committee. The Award Recipient’s right to receive any remaining performance shares shall be
canceled and forfeited. 
  
 If the Award Recipient’s
employment with the company terminates for any reason other than retirement, death or disability prior to the end of the Performance Period, performance shares granted herein shall be canceled, forfeited and surrendered and the Award Recipient shall
have no right to any portion of the Award made in this Agreement. 
  

	7.	DISABILITY OF PARTICIPANT 

  
 In the event the Award Recipient become Disabled as defined by the Bristol-Myers Squibb 2002 Stock Incentive Plan he/she shall be deemed to have suspended
active employment by reason of Disability commencing on the date he/she becomes entitled to receive payments under a disability pay plan of the Company or any Subsidiary or Affiliate and continuing until the date he/she is no longer entitled to
receive such payments. In the event the Award Recipient becomes Disabled during the Performance Period but only if he/she has satisfied the one year employment requirement of Section 2 of this Agreement, upon the determination by the Committee of
the extent to which the Award has been earned the Award Recipient shall be deemed to have earned that proportion (to the nearest whole share) of the value of the performance shares granted to him/her under this Agreement as the number of months of
the Performance Period which have elapsed since the first day of the calendar year in which the Award was made to the end of the month in which his/her Disability occurs, bears to the total number of months in the Performance Period, subject to the
attainment of performance objectives associated with this Award as certified by the Committee. The Award Recipient’s right to receive any remaining performance shares shall be canceled and forfeited. 
  

	8.	DEATH OF PARTICIPANT 

  
 In the event of the Award Recipient’s death prior to the end of the Performance Period after he/she has satisfied the one year employment
requirement, the Award Recipient’s beneficiary shall be entitled to a payment of such Award upon the end of the Performance Period, pursuant to the terms of this Agreement, provided, however, that he/she shall be deemed to have earned that
proportion (to the nearest whole share) of the value of the performance shares granted to him/her under this Agreement as the number of months of the Performance Period which have elapsed since 
  
  
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 the first day of the calendar year in which the Award was made to the end of the month in which his/her death occurs,
bears to the total number of months in the Performance Period. The Award Recipient’s right to receive any remaining performance shares shall be canceled and forfeited. 
  

	9.	TAXES 

  
 At such time as the company is required to withhold taxes with respect to the Award covered hereby, or at an earlier date as determined by the company,
the Award Recipient shall make remittance to the company of an amount sufficient to cover such taxes or make such other arrangement regarding payments of such taxes as are 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. 
  

	10.	FORFEITURE IN THE EVENT OF COMPETITION AND/OR SOLICITATION OR OTHER DETRIMENTAL ACTS. 

  
 You acknowledge that your continued employment with the Company and the Long-Term Performance Award are sufficient
consideration for this Agreement, including, without limitation, the restrictions imposed upon you by paragraph 10. 
  

	 	a)	By accepting this Long-Term Performance Award, 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; 

  

	 	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 of the termination of your employment with the Company; 

  

	 	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; 

  
  
 4

	 	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 10(a) above during the Restricted Period, then you agree and covenant that:

  

	 	i)	any portion of the Long-Term Performance Award that has not been paid to you 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 Long-Term Performance Award as of the date of such determination; and 

  

	 	iii)	if you have received any award or portion of award under the terms of this agreement within the twelve-month period immediately preceding a violation of paragraph 10(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 equal to the number of shares paid to you under this Long-Term
Performance Award Agreement if such payment was made in shares or equal to the value paid to you as an award under the terms of this agreement if such payment was made in cash. 

  

	 	iv)	The foregoing remedies set forth in paragraph 10(b) shall not be the Company’s exclusive remedies. The Company reserves all other rights and remedies available to it at law or
in equity. 

  

	 	c)	Definitions. For purposes of this paragraph 10, 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 10 are fair and reasonable
and are reasonably required for the protection of the Company. In the event that any part of this 

  
  
 5 

 Agreement, including, without limitation, paragraph 10, is held to be unenforceable or invalid, the
remaining parts of paragraph 10 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 10 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)	Extension of Restrictions Upon Violation. If you violate any provision of paragraph 10 during the twelve months following the date you cease to be employed by the Company,
the Restricted Period shall be extended for a period of twelve months from the date of your last violation. 

  

	 	f)	Injunctive Remedies. You acknowledge that the restrictions contained in this Agreement are reasonably necessary to protect the legitimate business interests of the Company,
and that any violation of any of such restrictions will result in immediate and irreparable injury to the Company for which monetary damages will not be an adequate remedy. You further acknowledge that if any such restriction is violated, the
Company will be entitled to immediate relief enjoining such violation (including, without limitation, temporary and permanent injunctions, a decree for specific performance and an equitable accounting of earnings, profits and other benefits arising
from such violation) in any court or before any judicial body having jurisdiction over such claim, without the necessity of showing any actual damage or posting any bond or furnishing any other security. You also agree that any request for such
relief by the Company shall be in addition to and without prejudice to any claim for monetary damages that the Company may elect to assert. 

  

	 	g)	Expenses of Enforcement. If you violate this Agreement, you shall pay the Company for any and all costs, fees (including, without limitation, attorneys’ fees), expenses
and disbursements of the Company in connection with the enforcement by the Company of this Agreement. 

  

	11.	EFFECT ON OTHER BENEFITS 

  
 In no event shall the value, at any time, of the shares covered by this Agreement 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. 
  

	12.	RIGHT TO CONTINUED EMPLOYMENT 

  
 Nothing in this Agreement shall confer on the 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 
  
  
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 terminate the Award Recipient’s employment without prior notice at any time for any reason or no reason. 

 

	13.	ADMINISTRATION 

  
 The Committee shall have full authority and discretion, subject only to the express terms of the 2002 Bristol-Myers Squibb Stock Incentive 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. 

 

	14.	AMENDMENT 

  
 This Agreement shall be subject to the terms of the Plan, as amended from time to time, except that the 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. 
  

	15.	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. 
  

	16.	GOVERNING LAW 

  
 This Agreement shall be governed by the substantive laws (but not the choice of law rules) of the State of New York. 
  

	17.	SUCCESSORS 

  
 This Agreement shall be binding upon and inure to the benefit of the successors, assigns, and heirs of the respective parties. 
  

	18.	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 performance shares and the administration of the Plan; (b) waive any

  
  
 7 

 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. 
  

	19.	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. 
  
 For the Company 
  
 Signature:
                                        
                         
  
 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. 
  
 Award Recipient 
  
 Signature:
                                        
                         
  
 Date:
                                        
                                  
  
  
 8

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