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                                                                   EXHIBIT 10.2

                             ABBOTT LABORATORIES
                        1996 INCENTIVE STOCK PROGRAM
                   (as amended and restated June 20, 2003)

1.   PURPOSE. The purpose of the Abbott Laboratories 1996 Incentive Stock
Program (the "Program") is to attract and retain outstanding directors, officers
and other employees of Abbott Laboratories (the "Company") and its subsidiaries,
and to furnish incentives to such persons by providing opportunities to acquire
common shares of the Company, or monetary payments based on the value of such
shares or the financial performance of the Company, or both, on advantageous
terms as herein provided and to further align such persons' interests with those
of the Company's other shareholders through compensation that is based on the
value of the Company's common shares.

2.   ADMINISTRATION. The Program will be administered by a committee (the
"Committee") of at least two persons which shall be either the Compensation
Committee of the Board of Directors of the Company (the "Board of Directors") or
such other committee comprised entirely of persons who are both: (i)
"disinterested persons" as defined in Rule 16b-3 of the Securities and Exchange
Commission; and (ii) "outside directors" as defined under Section 162(m) of the
Internal Revenue Code of 1986, as amended, or any successor provision; as the
Board of Directors may from time to time designate. The Committee shall
interpret the Program, prescribe, amend and rescind rules and regulations
relating thereto and make all other determinations necessary or advisable for
the administration of the Program. A majority of the members of the Committee
shall constitute a quorum and all determinations of the Committee shall be made
by a majority of its members. Any determination of the Committee under the
Program may be made without notice of meeting of the Committee by a writing
signed by all of the Committee members. The Committee may, from time to time,
delegate any or all of its duties, powers and authority to any officer or
officers of the Company, except to the extent such delegation would be
inconsistent with Rule 16b-3 of the Securities and Exchange Commission or other
applicable law, rule or regulation. The Chief Executive Officer of the Company
may, on behalf of the Committee, grant stock options and restricted stock awards
under the Program, other than to persons subject to Section 16 of the Securities
Exchange Act of 1934, as amended (the "Exchange Act"). All such grants by the
Chief Executive Officer must be reported to, and ratified by, the Committee
within twelve months of the grant date but, if ratified, shall be effective as
of the grant date.

3.   PARTICIPANTS. Participants in the Program will consist of such officers
and other employees of the Company and its subsidiaries as the Committee in its
sole discretion may designate from time to time to receive Benefits hereunder.
The Committee's designation of a participant in any year shall not require the
Committee to designate such person to receive a Benefit in any other year. The
Committee shall consider such factors as it deems pertinent in selecting
participants and in determining the type and amount of their respective
Benefits, including without limitation (i) the financial condition of the
Company; (ii) anticipated profits for the current or future years; (iii)
contributions of participants to the profitability and development of the
Company; (iv)

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prior awards to participants; and (v) other compensation provided to
participants. Non-Employee Directors shall also be participants in the Program
solely for purposes of receiving Restricted Stock Awards under paragraph 13 and
Non-qualified Stock Options under paragraph 14. The term "Non-Employee Director"
shall mean a member of the Board of Directors who is not a full-time employee of
the Company or any of its subsidiaries.

4.   TYPES OF BENEFITS. Benefits under the Program may be granted in any one or
a combination of (a) Incentive Stock Options; (b) Non-qualified Stock Options;
(c) Stock Appreciation Rights; (d) Limited Stock Appreciation Rights; (e)
Restricted Stock Awards; (f) Performance Awards; and (g) Foreign Qualified
Benefits, all as described below.

5.   SHARES RESERVED UNDER THE PROGRAM. There is hereby reserved for issuance
under the Program: (i) an aggregate of Five Million (5,000,000) common shares;
plus (ii) an authorization for each calendar year (the "Annual Authorization")
for the years 1996 through 1999, of seven-tenths of one percent (0.7%) of the
total common shares of the Company issued and outstanding as of the first day of
such calendar year and for the years from and including 2000, one and a half
percent (1.5%) of the total common shares of the Company issued and outstanding
as of the first day of such calendar year; which may be newly issued or treasury
shares. The shares hereby reserved are in addition to the shares previously
reserved under the Company's 1981 Incentive Stock Program, 1986 Incentive Stock
Program and 1991 Incentive Stock Program (the "Prior Programs"). Any common
shares reserved for issuance under the Prior Programs in excess of the number of
shares as to which options or other Benefits have been awarded on the date of
shareholder approval of this Program, plus any such shares as to which options
or other Benefits granted under the Prior Programs may lapse, expire, terminate
or be canceled after such date, shall also be reserved and available for
issuance in connection with Benefits under this Program. Any common shares
reserved under the Program for any calendar year under an Annual Authorization
as to which options or other Benefits have not been awarded as of the end of
such calendar year shall be available for issuance in connection with Benefits
granted in subsequent years.

     If there is a lapse, expiration, termination or cancellation of any Benefit
granted hereunder without the issuance of shares or payment of cash thereunder,
or if shares are issued under any Benefit and thereafter are reacquired by the
Company pursuant to rights reserved upon the issuance thereof, or shares are
reacquired pursuant to the payment of the purchase price of shares under stock
options by delivery of other common shares of the Company, the shares subject to
or reserved for such Benefit, or so reacquired, may again be used for new
options, rights or awards of any sort authorized under this Program; provided,
however, that in no event may the number of common shares issued under this
Program, and not reacquired by the Company pursuant to rights reserved upon the
issuance thereof or pursuant to the payment of the purchase price of shares
under stock options by delivery of other common shares of the Company, exceed
the total number of shares reserved for issuance hereunder.

6.   INCENTIVE STOCK OPTIONS. Incentive Stock Options will consist of options

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to purchase common shares at purchase prices not less than One Hundred percent
(100%) of the Fair Market Value of such common shares on the date of grant. An
Incentive Stock Option will not be exercisable after the expiration of ten (10)
years from the date such option is granted. In the event of termination of
employment for any reason other than retirement, disability or death, the right
of the optionee to exercise an Incentive Stock Option shall terminate upon the
earlier of the end of the original term of the option or three (3) months after
the optionee's last day of work for the Company and its subsidiaries. In the
event of termination of employment due to retirement or disability, or if the
optionee should die while employed, the right of the optionee or his or her
successor in interest to exercise an Incentive Stock Option shall terminate upon
the end of the original term of the option. If the optionee should die within
three (3) months after termination of employment for any reason other than
retirement or disability, the right of his or her successor in interest to
exercise an Incentive Stock Option shall terminate upon the earlier of the end
of the original term of the option or three (3) months after the date of such
death. To the extent the aggregate fair market value (determined as of the time
the Option is granted) of the common shares with respect to which any Incentive
Stock Option is exercisable for the first time by any individual during any
calendar year (under all option plans of the Company and its subsidiary
corporations) exceeds $100,000, the excess shall be treated as a Non-qualified
Stock Option. An Incentive Stock Option shall be exercisable as determined by
the Committee, but in no event earlier than six (6) months from its grant date.

7.   NON-QUALIFIED STOCK OPTIONS. Non-qualified Stock Options will consist of
options to purchase common shares at purchase prices not less than One Hundred
percent (100%) of the Fair Market Value of such common shares on the date of
grant. A Non-qualified Stock Option will not be exercisable after the expiration
of ten (10) years from the date such option is granted. In the event of
termination of employment for any reason other than retirement, disability or
death, the right of the optionee to exercise a Non-qualified Stock Option shall
terminate upon the earlier of the end of the original term of the option or
three (3) months after the optionee's last day of work for the Company and its
subsidiaries. In the event of termination of employment due to retirement or
disability, or if the optionee should die while employed, the right of the
optionee or his or her successor in interest to exercise a Non-qualified Stock
Option shall terminate upon the end of the original term of the option. If the
optionee should die within three (3) months after termination of employment for
any reason other than retirement or disability, the right of his or her
successor in interest to exercise a Non-qualified Stock Option shall terminate
upon the earlier of the end of the original term of the option or three (3)
months after the date of such death. A Non-qualified Stock Option shall be
exercisable as determined by the Committee, but in no event earlier than six (6)
months from its grant date.

8.   STOCK APPRECIATION RIGHTS. The Committee may, in its discretion, grant a
Stock Appreciation Right to the holder of any stock option granted hereunder or
under the Prior Programs. Such Stock Appreciation Rights shall be subject to
such terms and conditions consistent with the Program as the Committee shall
impose from time to time, including the following:

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     (a)  A Stock Appreciation Right may be granted with respect to a stock
          option at the time of its grant or at any time thereafter up to six
          (6) months prior to its expiration.

     (b)  Stock Appreciation Rights will permit the holder to surrender any
          related stock option or portion thereof which is then exercisable and
          to elect to receive in exchange therefor cash in an amount equal to:

          (i)     The excess of the Fair Market Value on the date of such
                  election of one common share over the option price multiplied
                  by

          (ii)    The number of shares covered by such option or portion thereof
                  which is so surrendered.

     (c)  A Stock Appreciation Right granted to a participant who is subject to
          Section 16 of the Exchange Act may be exercised only after six (6)
          months from its grant date (unless such exercise would not affect the
          exemption under Rule 16b-3 of the Securities and Exchange Commission).

     (d)  A Stock Appreciation Right may be granted to a participant regardless
          of whether such participant has been granted a Limited Stock
          Appreciation Right with respect to the same stock option. However, a
          Stock Appreciation Right may not be exercised during any period that a
          Limited Stock Appreciation Right with respect to the same stock option
          may be exercised.

     (e)  In the event of the exercise of a Stock Appreciation Right, the number
          of shares reserved for issuance hereunder shall be reduced by the
          number of shares covered by the stock option or portion thereof
          surrendered.

9.   LIMITED STOCK APPRECIATION RIGHTS. The Committee may, in its discretion,
grant a Limited Stock Appreciation Right to the holder of any stock option
granted hereunder or under the Prior Programs. Such Limited Stock Appreciation
Rights shall be subject to such terms and conditions consistent with the Program
as the Committee shall impose from time to time, including the following:

     (a)  A Limited Stock Appreciation Right may be granted with respect to a
          stock option at the time of its grant or at any time thereafter up to
          six (6) months prior to its expiration.

     (b)  A Limited Stock Appreciation Right will permit the holder to surrender
          any related stock option or portion thereof which is then exercisable
          and to receive in exchange therefor cash in an amount equal to:

          (i)     The excess of the Fair Market Value on the date of such
                  election of one common share over the option price multiplied
                  by

          (ii)    The number of shares covered by such option or portion thereof

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                  which is so surrendered.

     (c)  A Limited Stock Appreciation Right granted to a participant who is
          subject to Section 16 of the Exchange Act may be exercised only after
          six (6) months from its grant date (unless such exercise would not
          affect the exemption under Rule 16b-3 of the Securities and Exchange
          Commission) and only during the sixty (60) day period commencing on
          the later of:

          (i)     the day following the date of a Change in Control; or (ii) the
                  first date on which such exercise would be exempt under Rule
                  16b-3 of the Securities and Exchange Commission.

     (d)  A Limited Stock Appreciation Right may be granted to a participant
          regardless of whether such participant has been granted a Stock
          Appreciation Right with respect to the same stock option.

     (e)  In the event of the exercise of a Limited Stock Appreciation Right,
          the number of shares reserved for issuance hereunder shall be reduced
          by the number of shares covered by the stock option or portion thereof
          surrendered.

10.  RESTRICTED STOCK AWARDS. Restricted Stock Awards will consist of common
shares transferred to participants without other payment therefor as additional
compensation for their services to the Company or any of its subsidiaries.
Restricted Stock Awards granted under this paragraph 10 shall be satisfied from
the Company's available treasury shares. Restricted Stock Awards shall be
subject to such terms and conditions as the Committee determines appropriate,
including, without limitation, restrictions on the sale or other disposition of
such shares and rights of the Company to reacquire such shares upon termination
of the participant's employment within specified periods. Subject to such other
restrictions as are imposed by the Committee, the common shares covered by a
Restricted Stock Award granted to a participant who is subject to Section 16 of
the Exchange Act may be sold or otherwise disposed of only after six (6) months
from the grant date of the award (unless such sale would not affect the
exemption under Rule 16b-3 of the Securities and Exchange Commission). No more
than ten percent (10%) of the total number of shares available for grant in any
calendar year may be issued as Restricted Stock Awards under paragraphs 10 and
13 in that year.

11.  PERFORMANCE AWARDS. Performance Awards in the form of Performance Units or
Performance Shares may be granted to any participant in the Program. Performance
Units shall consist of monetary awards which may be earned in whole or in part
if the Company achieves certain goals established by the Committee over a
designated period of time. Performance Shares shall consist of common shares or
awards denominated in common shares which may be earned in whole or in part if
the Company achieves certain goals established by the Committee over a
designated period of time. The goals established by the Committee shall be based
on any one, or combination of, earnings per share, return on equity, return on
assets, total shareholder return, net operating income, cash flow, increase in
revenue, economic value added, increase in

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share price or cash flow return on investment. Partial achievement of the
goal(s) may result in a payment or vesting corresponding to the degree of
achievement. Payment of an award earned may be in cash or in common shares or in
a combination of both, and may be made when earned, or may be vested and
deferred, as the Committee in its sole discretion determines. The maximum amount
which may be granted under all Performance Awards for any one year for any one
participant shall be Five Million Dollars ($5,000,000). This limit shall be
applied to Performance Shares by multiplying the number of Performance Shares
granted by the fair market value of one common share on the date of the award.
During the term of the Program, no more than 5 million shares of Abbott common
stock may be granted in the form of Performance Units and no more than 5 million
shares of Abbott common stock may be granted in the form of Performance Shares.
This paragraph 11 is intended to comply with the performance-based compensation
requirements of Section 162(m) of the Internal Revenue Code of 1986, as amended,
and shall be interpreted in accordance with the rules and regulations
thereunder.

12.  FOREIGN QUALIFIED BENEFITS. Benefits under the Program may be granted to
such employees of the Company and its subsidiaries who are residing in foreign
jurisdictions as the Committee in its sole discretion may determine from time to
time. The Committee may adopt such supplements to the Program as may be
necessary to comply with the applicable laws of such foreign jurisdictions and
to afford participants favorable treatment under such laws; provided, however,
that no Benefit shall be granted under any such supplement with terms or
conditions which are inconsistent with the provisions as set forth under the
Program.

13.  RESTRICTED STOCK AWARDS FOR NON-EMPLOYEE DIRECTORS.

     (a)  Each year, on the date of the annual shareholders meeting, each person
          who is elected a Non-Employee Director at the annual shareholders
          meeting shall be awarded both: (i) a Restricted Stock Award covering a
          number of common shares with a fair market value on the date of the
          award closest to, but not in excess of, an amount equal to six times
          the monthly fee in effect under Section 3.1 of the Abbott Laboratories
          Non-Employee Director's Fee Plan on the date of the award and (ii) in
          the years 1996 through 2005, a Restricted Stock Award covering a
          number of common shares with a fair market value on the date of the
          award closest to, but not in excess of, Twenty-Two Thousand Dollars
          ($22,000) for awards made in years 1996 through 2000 and Twenty-Five
          Thousand Dollars ($25,000) for awards made in years 2001 through 2005.

     (b)  ISSUANCE OF CERTIFICATES. As soon as practicable following the date of
          the award the Company shall issue certificates ("Certificates") to the
          Non-Employee Director receiving the award, representing the number of
          common shares covered by the award. Each Certificate shall bear a
          legend describing the restrictions on such shares imposed by this
          paragraph 13.

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     (c)  RIGHTS. Upon issuance of the Certificates, the directors in whose
          names they are registered shall, subject to the restrictions of this
          paragraph 13, have all of the rights of a shareholder with respect to
          the shares represented by the certificates, including the right to
          vote such shares and receive cash dividends and other distributions
          thereon.

     (d)  RESTRICTED PERIOD. The shares covered by awards granted under this
          paragraph 13 may not be sold or otherwise disposed of within six (6)
          months following their grant date (unless such sale would not affect
          the exemption under Rule 16b-3 of the Securities and Exchange
          Commission) and in addition shall be subject to the restrictions of
          this paragraph 13 for a period (the "Restricted Period") commencing
          with the date of the award and ending on the earliest of the following
          events:

          (i)     The date the director terminates or retires from the Board;

          (ii)    The date the director dies; or

          (iii)   The date of occurrence of a Change in Control (as defined in
                  paragraph 20(c)).

     (e)  RESTRICTIONS. All shares covered by awards granted under this
          paragraph 13 shall be subject to the following restrictions during the
          Restricted Period:

          (i)     The shares may not be sold, assigned, transferred, pledged,
                  hypothecated or otherwise disposed of.

          (ii)    Any additional common shares of the Company or other
                  securities or property issued with respect to shares covered
                  by awards granted under this paragraph 13 as a result of any
                  stock dividend, stock split or reorganization, shall be
                  subject to the restrictions and other provisions of this
                  paragraph 13.

          (iii)   A director shall not be entitled to receive any shares prior
                  to completion of all actions deemed appropriate by the Company
                  to comply with federal or state securities laws and stock
                  exchange requirements.

     (f)  Except in the event of conflict, all provisions of the Program shall
          apply to this paragraph 13. In the event of any conflict between the
          provisions of the Program and this paragraph 13, this paragraph 13
          shall control. Those provisions of paragraph 17 which authorize the
          Committee to declare outstanding restricted stock awards to be vested
          and to amend or modify the terms of Benefits shall not apply to awards
          granted under this paragraph 13. Restricted Stock Awards granted under
          this paragraph 13 shall be satisfied from the Company's available
          treasury shares.

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14.  NON-QUALIFIED STOCK OPTIONS FOR NON-EMPLOYEE DIRECTORS.

     (a)  Each Non-Employee Director may elect to receive any or all of his or
          her fees earned during the second half of 1996 and each subsequent
          calendar year under Section 3 of the Abbott Laboratories Non-Employee
          Directors' Fee Plan (the "Directors' Fee Plan") in the form of
          Non-qualified Stock Options under this Section 14. Each such election
          shall be irrevocable, and must be made in writing and filed with the
          Secretary of the Company by December 31, 1995 (for fees earned in the
          second half of 1996) and (for fees earned in subsequent calendar
          years) by June 30 of the calendar year preceding the calendar year in
          which such fees are earned (or such later date as may be permissible
          under Rule 16b-3 of the Securities and Exchange Commission, but in no
          event later than December 31 of such preceding calendar year).

     (b)  A Non-Employee Director may file a new election each calendar year
          applicable to fees earned in the immediately succeeding calendar year.
          If no new election or revocation of a prior election is received by
          June 30 of any calendar year (or such later date as may be permissible
          under paragraph (a)), the election, if any, in effect for such
          calendar year shall continue in effect for the immediately succeeding
          calendar year. Any election made under this Section 14 shall take
          precedence over any election made by the director for the same period,
          under the Directors' Fee Plan, to the extent necessary to resolve any
          conflict between such elections. If a director does not elect to
          receive his or her fees in the form of Non-qualified Stock Options,
          the fees due such director shall be paid or deferred as provided in
          the Directors' Fee Plan and any applicable election thereunder by the
          director.

     (c)  The number of common shares covered by each Non-qualified Stock Option
          granted in any year under this Section 14 shall be determined based on
          an independent appraisal for such year of the intrinsic value of
          options granted hereunder and the amount of fees covered by the
          director's election for such year. The number of common shares covered
          by options granted in 1996 (as determined under this procedure) shall
          be the number of whole shares equal to (i) the product of three (3)
          times the amount of fees which the director has elected under
          paragraph (a) to receive in the form of Non-qualified Stock Options,
          divided by (ii) One Hundred percent (100%) of the Fair Market Value of
          one common share on the grant date. Any fraction of a share shall be
          disregarded, and the remaining amount of the fees corresponding to
          such option shall be paid as provided in the Directors' Fee Plan and
          any applicable election thereunder by the director.

     (d)  Effective on October 10, 1997, each Non-qualified Stock Option due a
          director under this Section 14 prior to the 1998 annual shareholders
          meeting shall be granted on October 10, 1997 at a purchase price equal
          to One Hundred percent (100%) of the Fair Market Value of the common

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          shares covered by such option on the grant date. Effective with the
          1998 Annual Shareholders Meeting, each Non-qualified Stock Option due
          a director under this Section 14 shall be granted annually, on the
          date of the annual shareholders meeting, at a purchase price equal to
          One Hundred percent (100%) of the Fair Market Value of the common
          shares covered by such option on the grant date. Each such option
          shall be immediately exercisable and nonforfeitable, and shall not be
          exercisable after the expiration of ten (10) years from the date it is
          granted. Each such option shall contain provisions allowing payment of
          the purchase price and, to the extent permitted, any taxes due on
          exercise, by delivery of other common shares of the Company (or, in
          the case of the payment of taxes, by withholding of shares).

     (e)  All Non-qualified Stock Options granted under this Section 14 prior to
          October 10, 1997, shall be immediately exercisable and nonforfeitable,
          and shall not be exercisable after the expiration of ten (10) years
          from the date granted.

15.  NONTRANSFERABILITY. Except as provided by the Committee, each stock option
and stock appreciation right granted under this Program shall not be
transferable other than by will or the laws of descent and distribution, and
shall be exercisable, during the participant's lifetime, only by the participant
or the participant's guardian or legal representative.

16.  OTHER PROVISIONS. The award of any Benefit under the Program may also be
subject to other provisions (whether or not applicable to the Benefit awarded to
any other participant) as the Committee determines appropriate, including,
without limitation, provisions for the purchase of common shares under stock
options in installments, provisions for the payment of the purchase price of
shares under stock options by delivery of other common shares of the Company
having a then market value equal to the purchase price of such shares,
restrictions on resale or other disposition, such provisions as may be
appropriate to comply with federal or state securities laws and stock exchange
requirements and understandings or conditions as to the participant's employment
in addition to those specifically provided for under the Program.

     In the case of a participant who is subject to Section 16(a) and 16(b) of
the Exchange Act, the Committee may, at any time, add such conditions and
limitations to any Benefit granted to such participant, or any feature of any
such Benefit, as the Committee, in its sole discretion, deems necessary or
desirable to comply with Section 16(a) or 16(b) and the rules and regulations
thereunder or to obtain any exemption therefrom. A participant may pay the
purchase price of shares under stock options by delivery of a properly executed
exercise notice together with a copy of irrevocable instructions to a broker to
deliver promptly to the Company the amount of sale or loan proceeds to pay the
purchase price. To facilitate the foregoing, the Company may enter into
agreements for coordinated procedures with one or more brokerage firms.

     The Committee may, in its discretion and subject to such rules as it may
adopt,

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permit or require a participant to pay all or a portion of the federal, state
and local taxes, including FICA and medicare withholding tax, arising in
connection with the following transactions: (a) the exercise of a Non-qualified
Stock Option; (b) the lapse of restrictions on common shares received as a
Restricted Stock Award; or (c) the receipt or exercise of any other Benefit; by
(i) having the Company withhold common shares, (ii) tendering back common shares
received in connection with such Benefit or (iii) delivering other previously
acquired common shares of the Company having a fair market value approximately
equal to the amount to be withheld.

     The Committee may grant stock options under the Program (and, for stock
options granted prior to shareholder approval of this Program, under the
Company's 1991 Incentive Stock Program) that provide for the grant of
replacement stock options if all or any portion of the purchase price or taxes
incurred in connection with the exercise, are paid by delivery (or, in the case
of payment of taxes, by withholding of shares) of other common shares of the
Company. The replacement stock option shall cover the number of common shares
surrendered to pay the purchase price, plus the number of shares surrendered or
withheld to satisfy the participant's tax liability, shall have an exercise
price equal to One Hundred percent (100%) of the Fair Market Value of such
common shares on the date such replacement stock option is granted, shall first
be exercisable six months from the date of grant of the replacement stock option
and shall have an expiration date equal to the expiration date of the original
stock option.

17.  TERM OF PROGRAM AND AMENDMENT, MODIFICATION, CANCELLATION OR ACCELERATION
OF BENEFITS. The Program shall continue in effect until terminated by the Board
of Directors, except that no Incentive Stock Option shall be granted more than
ten (10) years after the date of adoption of this Program. The terms and
conditions applicable to any Benefits may at any time be amended, modified or
canceled by mutual agreement between the Committee and the participant or such
other persons as may then have an interest therein, so long as any amendment or
modification does not increase the number of common shares issuable under this
Program; and provided further, that the Committee may, at any time and in its
sole discretion, declare any or all stock options and stock appreciation rights
then outstanding under this Program or the Prior Programs to be exercisable and
any or all then outstanding Restricted Stock Awards to be vested, whether or not
such options, rights or awards are then otherwise exercisable or vested.
Notwithstanding the foregoing, except as provided in paragraph 22, the Committee
shall neither lower the purchase price of any option granted under the Program
nor grant any option under the Program in replacement of a cancelled option
which had previously been granted at a higher purchase price, without
shareholder approval.

18.  AMENDMENT TO PRIOR PROGRAMS. No options or other Benefits shall be granted
under the Prior Programs on or after the date of shareholder approval of this
Program.

19.  INDIVIDUAL LIMIT ON OPTIONS AND STOCK APPRECIATION RIGHTS; AGGREGATE LIMIT
ON INCENTIVE STOCK OPTIONS. The maximum number of shares with respect to which
Incentive Stock Options, Non-qualified Stock Options,

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Stock Appreciation Rights and Limited Stock Appreciation Rights may be granted
to any one participant, in aggregate in any one calendar year, shall be One
Million (1,000,000) shares. Incentive Stock Options with respect to no more than
the lesser of (i) Seventy-Five Million (75,000,000) shares (plus any shares
acquired by the Company pursuant to payment of the purchase price of shares
under incentive stock options by delivery of other common shares of the
Company), or (ii) the total number of shares reserved under paragraph 5 may be
issued under the Plan.

20.  TAXES. The Company shall be entitled to withhold the amount of any tax
attributable to any amount payable or shares deliverable under the Program after
giving the person entitled to receive such amount or shares notice as far in
advance as practicable, and the Company may defer making payment or delivery if
any such tax may be pending unless and until indemnified to its satisfaction.

21.  DEFINITIONS.

     (a)  FAIR MARKET VALUE. Except as provided below, the Fair Market Value of
          the Company's common shares shall be determined by such methods or
          procedures as shall be established by the Committee; provided that, in
          the case of any Limited Stock Appreciation Right (other than a right
          related to an Incentive Stock Option), the Fair Market Value shall be
          the higher of:

          (i)     The highest daily closing price of the Company's common shares
                  during the sixty (60) day period following the Change in
                  Control; or

          (ii)    The highest gross price paid or to be paid for the Company's
                  common shares in any of the transactions described in
                  paragraphs 21(c)(i) and 21(c)(ii).

     (b)  SUBSIDIARY. The term "subsidiary" for all purposes other than the
          Incentive Stock Option provisions in paragraph 6, shall mean any
          corporation, partnership, joint venture or business trust, fifty
          percent (50%) or more of the control of which is owned, directly or
          indirectly, by the Company. For Incentive Stock Option purposes the
          term "subsidiary" shall be defined as provided in Internal Revenue
          Code Section 424(f).

     (c)  CHANGE IN CONTROL. A "Change in Control" shall be deemed to have
          occurred on the earliest of the following dates:

          (i)     the date any Person is or becomes the Beneficial Owner,
                  directly or indirectly, of securities of the Company (not
                  including in the securities beneficially owned by such Person
                  any securities acquired directly from the Company or its
                  Affiliates) representing 20% or more of the combined voting
                  power of the Company's then outstanding securities, excluding
                  any Person who becomes such a Beneficial Owner in connection
                  with a transaction described in

<Page>

                  clause (a) of paragraph (iii) below; or

          (ii)    the date the following individuals cease for any reason to
                  constitute a majority of the number of directors then serving:
                  individuals who, on the date hereof, constitute the Board of
                  Directors and any new director (other than a director whose
                  initial assumption of office is in connection with an actual
                  or threatened election contest, including but not limited to a
                  consent solicitation, relating to the election of directors of
                  the Company) whose appointment or election by the Board of
                  Directors or nomination for election by the Company's
                  shareholders was approved or recommended by a vote of at least
                  two-thirds (2/3) of the directors then still in office who
                  either were directors on the date hereof or whose appointment,
                  election or nomination for election was previously so approved
                  or recommended; or

          (iii)   the date on which there is consummated a merger or
                  consolidation of the Company or any direct or indirect
                  subsidiary of the Company with any other corporation or other
                  entity, other than (a) a merger or consolidation (I)
                  immediately following which the individuals who comprise the
                  Board of Directors immediately prior thereto constitute at
                  least a majority of the Board of Directors of the Company, the
                  entity surviving such merger or consolidation or, if the
                  Company or the entity surviving such merger or consolidation
                  is then a subsidiary, the ultimate parent thereof and (II)
                  which results in the voting securities of the Company
                  outstanding immediately prior to such merger or consolidation
                  continuing to represent (either by remaining outstanding or by
                  being converted into voting securities of the surviving entity
                  or any parent thereof), in combination with the ownership of
                  any trustee or other fiduciary holding securities under an
                  employee benefit plan of the Company or any subsidiary of the
                  Company, at least 50% of the combined voting power of the
                  securities of the Company or such surviving entity or any
                  parent thereof outstanding immediately after such merger or
                  consolidation, or (b) a merger or consolidation effected to
                  implement a recapitalization of the Company (or similar
                  transaction) in which no Person is or becomes the Beneficial
                  Owner, directly or indirectly, of securities of the Company
                  (not including in the securities Beneficially Owned by such
                  Person any securities acquired directly from the Company or
                  its Affiliates) representing 20% or more of the combined
                  voting power of the Company's then outstanding securities; or

          (iv)    the date the shareholders of the Company approve a plan of
                  complete liquidation or dissolution of the Company or there is
                  consummated an agreement for the sale or disposition by the

<Page>

                  Company of all or substantially all of the Company's assets,
                  other than a sale or disposition by the Company of all or
                  substantially all of the Company's assets to an entity, at
                  least 50% of the combined voting power of the voting
                  securities of which are owned by shareholders of the Company,
                  in combination with the ownership of any trustee or other
                  fiduciary holding securities under an employee benefit plan of
                  the Company or any subsidiary of the Company, in substantially
                  the same proportions as their ownership of the Company
                  immediately prior to such sale.

                  Notwithstanding the foregoing, a "Change in Control" shall not
                  be deemed to have occurred by virtue of the consummation of
                  any transaction or series of integrated transactions
                  immediately following which the record holders of the common
                  stock of the Company immediately prior to such transaction or
                  series of transactions continue to have substantially the same
                  proportionate ownership in an entity which owns all or
                  substantially all of the assets of the Company immediately
                  following such transaction or series of transactions.

                  For purposes of this Program: "Affiliate" shall have the
                  meaning set forth in Rule 12b-2 promulgated under Section 12
                  of the Exchange Act; "Beneficial Owner" shall have the meaning
                  set forth in Rule 13d-3 under the Exchange Act; and "Person"
                  shall have the meaning given in Section 3(a)(9) of the
                  Exchange Act, as modified and used in Sections 13(d) and 14(d)
                  thereof, except that such term shall not include (i) the
                  Company or any of its subsidiaries, (ii) a trustee or other
                  fiduciary holding securities under an employee benefit plan of
                  the Company or any of its Affiliates, (iii) an underwriter
                  temporarily holding securities pursuant to an offering of such
                  securities, or (iv) a corporation owned, directly or
                  indirectly, by the shareholders of the Company in
                  substantially the same proportions as their ownership of stock
                  of the Company.

     (d)  DISABILITY. The term "disability" for all purposes of the Program
          shall mean the participant's disability as defined in subsection
          4.1(a) of the Abbott Laboratories Extended Disability Plan for twelve
          (12) consecutive months.

22.  ADJUSTMENT PROVISIONS.

     (a)  If the Company shall at any time change the number of issued common
          shares without new consideration to the Company (such as by stock
          dividends or stock splits), the total number of shares reserved for
          issuance under this Program, the individual and aggregate limits
          described in paragraphs 11 and 19 on the number of shares that may be
          granted or

<Page>

          issued (as the case may be), the number of shares covered by each
          outstanding Benefit and the purchase price of such shares shall be
          adjusted so that the aggregate consideration payable to the Company
          and the value of each such Benefit shall not be changed.

     (b)  Subject to paragraph 22(c), without affecting the number of shares
          otherwise reserved or available hereunder, the Committee may authorize
          the issuance or assumption of Benefits in connection with any merger,
          consolidation, acquisition of property or stock, or reorganization
          upon such terms and conditions as it may deem appropriate.

     (c)  Notwithstanding any other provision of this Program or the Prior
          Programs including the terms of any Benefit granted hereunder, if the
          outstanding common shares of the Company shall be combined, or be
          changed into, or exchanged for, another kind of stock of the Company,
          into securities of another corporation, or into property (including
          cash) whether through recapitalization, reorganization, sale, merger,
          consolidation, spin-off, business combination or a similar transaction
          (a "Transaction"), the Company shall cause its successor, acquiror (or
          ultimate parent of any successor or acquiror), as applicable, to
          assume each stock option, Stock Appreciation Right and Limited Stock
          Appreciation Right outstanding immediately prior to the Transaction
          (or to cause new options or rights to be substituted therefor).
          Pursuant to such assumed or substituted option or rights, participants
          shall thereafter be entitled to receive, upon due exercise of any
          portion of the option or right, (a) in the event of a Transaction in
          which the outstanding common shares of the Company are combined, or
          changed into, or exchanged for, solely another kind of stock of the
          Company or securities of another corporation (disregarding, for this
          purpose, cash paid in lieu of fractional shares), the securities which
          that person would have been entitled to receive for common shares
          acquired through exercise of the same portion of such option or right
          immediately prior to the effective date of such Transaction, and (b)
          in the event of a Transaction in which the outstanding common shares
          of the Company are changed into, or exchanged for, property (including
          cash) other than solely stock of the Company or securities of another
          corporation (disregarding, for this purpose, cash paid in lieu of
          fractional shares), securities the fair market value of which
          immediately following the effective date of such Transaction (as
          determined by the Committee) equals the fair market value (as
          determined by the Committee) of the property which that person would
          have been entitled to receive for common shares acquired through
          exercise of the same portion of such option or right immediately prior
          to the effective date of such Transaction. In each case such assumed
          or substituted option or right shall continue to be subject to the
          same terms and conditions (including, without limitation, with respect
          to any right to receive "replacement options" upon option exercise) to
          which it was subject immediately prior to the Transaction.

<Page>

          Notwithstanding the immediately preceding paragraph, upon a
          Transaction in which the outstanding common shares of the Company are
          changed into, or exchanged for, property (including cash) other than
          solely stock of the Company or securities of another corporation
          (disregarding, for this purpose, cash paid in lieu of fractional
          shares) and which constitutes a Change in Control, each participant
          may elect to receive, immediately following such Transaction in
          exchange for cancellation of any stock option (other than an Incentive
          Stock Option granted prior to June 20, 2003, Stock Appreciation Right
          or Limited Appreciation Right held by such participant immediately
          prior to the Transaction, a cash payment, with respect to each common
          share subject to such option or right, equal to the difference between
          the value of consideration (as determined by the Committee) received
          by the shareholders for a common share of the Company in the
          Transaction, less any applicable purchase price.

     (d)  Notwithstanding any other provision of this Program or the Prior
          Programs including the terms of any Benefit granted hereunder, upon
          the occurrence of a Change in Control:

          (i)     All stock options then outstanding under this Program or the
                  Prior Programs shall become fully exercisable as of the date
                  of the Change in Control, whether or not then otherwise
                  exercisable;

          (ii)    All Stock Appreciation Rights and Limited Stock Appreciation
                  Rights then outstanding shall become fully exercisable as of
                  the date of the Change in Control, whether or not then
                  otherwise exercisable;

          (iii)   All terms and conditions of all Restricted Stock Awards then
                  outstanding shall be deemed satisfied as of the date of the
                  Change in Control; and

          (iv)    All Performance Awards then outstanding shall be deemed to
                  have been fully earned and to be immediately payable, in cash,
                  as of the date of the Change in Control.

23.  AMENDMENT AND TERMINATION OF PROGRAM. The Board of Directors may amend the
Program from time to time or terminate the Program at any time, but no such
action shall reduce the then existing amount of any participant's Benefit or
adversely change the terms and conditions thereof without the participant's
consent. Notwithstanding the foregoing, except as provided in paragraph 22, the
Company shall neither lower the purchase price of any option granted under the
Program nor grant any option under the Program in replacement of a cancelled
option which had previously been granted at a higher purchase price, without
shareholder approval. To the extent required for compliance with Rule 16b-3 of
the Securities and Exchange Commission, paragraph 13 of the Program may not be
amended more frequently than once every six months other than to comport with
changes in the Internal Revenue Code of 1986, as

<Page>

amended, or the rules thereunder, and no amendment of the Program shall result
in any Committee member losing his or her status as a "disinterested person" as
defined in Rule 16b-3 of the Securities and Exchange Commission with respect to
any employee benefit plan of the Company or result in the Program or awards
thereunder losing their exempt status under said Rule 16b-3.

24.  EFFECTIVE DATE. The Program was originally adopted by the Board of
Directors on October 13, 1995.<Page>

                                                                   EXHIBIT 10.3

                                                               Amended effective
                                                                   June 20, 2003

                  ABBOTT LABORATORIES 401(K) SUPPLEMENTAL PLAN

                                    SECTION 1
                                  INTRODUCTION

          1-1.    PURPOSE. This Abbott Laboratories 401(k) Supplemental Plan
(the "Plan") is being established by Abbott Laboratories ("Abbott") to provide
eligible management employees of Abbott an opportunity to accumulate capital for
their retirement or other termination of employment in excess of the
contributions allowed under the Abbott Laboratories Stock Retirement Plan
("Stock Plan").

          1-2.    EFFECTIVE DATE. The Plan shall be effective as of October 1,
1993.

          1-3.    ADMINISTRATION. The Plan shall be administered by the
Compensation Committee (the "Committee") appointed by the Board of Directors of
Abbott (the "Board of Directors").

                                    SECTION 2
                          ELIGIBILITY AND PARTICIPATION

          2-1.    PERSONS ELIGIBLE TO PARTICIPATE. Participation in the Plan
shall be limited to employees who are serving as corporate officers of Abbott as
of October 1, 1993 or who become corporate officers thereafter. The term
"corporate officer" for purposes of the Plan shall mean an individual elected an
officer of Abbott by its Board of Directors (or designated as such for purposes
of the Plan by the Committee), but shall not include assistant officers. In the
event an employee should cease to be a corporate officer of Abbott due to
demotion, termination of employment or otherwise, such employee shall cease to
be eligible to participate in the Plan and any contributions then being made on
behalf of such employee shall immediately cease.

          2-2.    PARTICIPANT. An eligible employee may elect to participate in
the Plan by electing to have contributions made on the employee's behalf as
provided in Section 5.

                                    SECTION 3
                             EMPLOYEE CONTRIBUTIONS

          3-1.    ALLOWABLE CONTRIBUTIONS. An eligible employee may elect to
have his employer make "pre-tax contributions" on his behalf in an amount not
greater than 18% in total of his compensation in any calendar year for services
rendered to his employer. A pre-tax contribution made by an employer on behalf
of a participant shall reduce the participant's compensation at the time of
payment of such compensation. Each election hereunder shall be in writing, and
shall be in multiples of 1% of compensation.

          3-2.    COMPENSATION. A participant's "compensation" shall have the
same meaning as that term is used in Subsection 7-2 of the Stock Plan.

                                        1
<Page>

          3-3.    MAXIMUM EMPLOYEE CONTRIBUTIONS. Notwithstanding Subsection
3.1, in no event shall the sum of:

          (a)     the participant's total contributions, pre-tax contributions,
                  supplemental deposits and supplemental pre-tax contributions
                  made under the Stock Plan; plus

          (b)     the participant's total pre-tax contributions made under the
                  Plan;

for any calendar year, exceed 18% of the employee's compensation for such year.
In the event the limitation described in this subsection 3.3 would be exceeded
for any participant, the participant's pre-tax contributions made under this
Plan shall be reduced until the limit is not exceeded.

                                    SECTION 4
                             EMPLOYER CONTRIBUTIONS

          For the calendar year ending December 31, 1993, and for each
subsequent calendar year, Abbott shall make a contribution on behalf of each
participant in the Plan who makes pre-tax contributions ("basic contributions")
under the Plan during such year at the rate of two percent (2%) of compensation
in excess of, for calendar year 1993, Two Hundred Thousand Dollars ($200,000),
and for calendar years subsequent to 1993, the limit in effect for such year
under Section 40l(a)(17), Internal Revenue Code of 1986, as amended. Such
employer contribution shall be in an amount equal to the contribution the
participant would have received under subsection 8-3 of the Stock Plan with
respect to such basic contributions had such basic contributions been made under
subsection 7-1 of the Stock Plan. A participant who suspends his basic
contributions to the Plan during any calendar year shall receive an employer
contribution under this Section 4 based on the basic contributions made by the
participant during such year.

          A contribution made by a participant under subsection 5.4 shall be
considered a basic contribution for purposes of this Section 4 to the extent it
includes contributions at the rate of two percent (2%) of compensation for 1993
in excess of Two Hundred Thousand Dollars ($200,000).

                                    SECTION 5
                                    ELECTIONS

          5-1.    ANNUAL ELECTIONS REQUIRED. Except as provided in subsections
5.2 and 5.3, a participant shall elect to make pre-tax contributions with
respect to compensation earned in any calendar year, prior to the first day of
such calendar year. Each such election shall be in writing, shall be filed with
the Committee, shall be effective only for the calendar year for which made and,
except as provided in subsection 5.2, shall be irrevocable. Notwithstanding
subsection 5.2, an employee who fails to make an election under this subsection
5.1 for a calendar year may not contribute to the Plan during such year.

                                        2
<Page>

          5-2.    LIMITED CHANGES. A participant who has elected under
subsection 5.1 to make pre-tax contributions for any calendar year, may increase
or decrease such pre-tax contributions during such calendar year by filing a
written election with the Committee. A participant may make no more than two
such elections under this subsection 5.2 during such calendar year. Any election
filed under this subsection 5.2 shall become effective for compensation earned
no earlier then the first payroll period commencing after receipt of the
election by the Committee. Any election filed under this subsection 5.2 shall
remain in effect for compensation earned during the remainder of such calendar
year unless changed by a subsequent election under this subsection 5.2.

          5-3.    NEWLY ELIGIBLE EMPLOYEES. A newly eligible employee (including
employees who become eligible due to the adoption of the Plan) shall make the
election described in subsection 5.1 within thirty (30) days of the date he is
notified of his eligibility to participate in the Plan. Any such election shall
become effective for compensation earned no earlier then the first payroll
period commencing after receipt of the election by the Committee and shall
remain in effect for the remainder of the then current calendar year unless
changed as provided in subsection 5.2.

          5-4.    SPECIAL CONTRIBUTION FOR 1993. Employees who are serving as
corporate officers of Abbott and who have established "Grantor Trusts" under the
1986 Abbott Laboratories Management Incentive Plan ("MIP") as of October 1,
1993, may elect to make a lump-sum contribution based on compensation earned
during the period of January 1, 1993 through September 30, 1993 (the "Make-up
Period") by filing an election with the Administrator and tendering payment in
cash to such Grantor Trust of the amount of the contribution, not later than
October 31, 1993. Any such contribution shall not exceed the maximum
contribution allowed under subsection 3.3 based on the employee's Stock Plan
contributions made, and compensation earned, during the Make-Up Period.

          5-5.    GRANTOR TRUST ELECTION. As part of the annual elections
described in subsection 5.1, each participant may also elect to have his pre-tax
and employer contributions for such year deposited in a "Grantor Trust"
established by the participant under the circumstances and on the terms
described in subsection 6.1. Any such election shall be irrevocable and shall
apply to all pre-tax contributions made during, and employer contributions made
for, such calendar year on behalf of such participant. If the participant fails
to make an election under this subsection 5.5, the participant's pre-tax
contributions made during, and employer contribution made for, such calendar
year shall be retained by Abbott and shall not be deposited in a grantor trust
in the future.

                                    SECTION 6
                   FUNDING EMPLOYER AND EMPLOYEE CONTRIBUTIONS

          6-1.    CONTRIBUTIONS TO BE DEPOSITED IN GRANTOR TRUSTS. Each
participant's pre-tax contributions and employer contributions which the
participant has filed an election under subsection 5.5 shall be retained by
Abbott and credited to a Grantor Trust Account established under subsection 7.1.
As soon as practicable after the

                                        3
<Page>

date the value of the participant's Grantor Trust Account exceeds Fifty Thousand
Dollars ($50,000), the entire value of such account, less the approximate
aggregate federal, state and local individual income taxes (determined under
subsection 8.5) attributable to the Grantor Trust Account, shall be deposited in
a "Grantor Trust" established by the participant, provided such trust is in a
form which the Committee determines is substantially similar to the trust
attached to this Plan as Exhibit A. The appropriate aggregate federal, state and
local individual income taxes attributable to the Grantor Trust Account shall be
paid directly to the participant.

          6-2.    CONTRIBUTIONS TO BE RETAINED BY ABBOTT. Each participant's
pre-tax contributions and employer contributions for which the participant has
not filed an election under subsection 5.5 shall be retained by Abbott and
credited to a Deferred Account established under subsection 7.1.

          6-3.    AFTER ESTABLISHMENT OF GRANTOR TRUST. After a Grantor Trust
has been established by a participant under subsection 6.1, all pre-tax
contributions and employer contributions made thereafter for which the
participant has filed an election under Subsection 5.5, shall be deposited in
such Grantor Trust (less the approximate aggregate federal, state and local
individual income taxes (determined under subsection 8.5) attributable to such
contributions). Such deposits shall be made as soon as practicable after the
last complete payroll period of the calendar quarter in which the contributions
are made.

          6-4.    FUNDING SPECIAL CONTRIBUTION FOR 1993. The full amount of any
contribution made by a participant under subsection 5.4 shall be deposited in
the participant's Grantor Trust established under subsection 5.1 of the MIP.
Such participant's Trust Account established under subsection 5.2 of the MIP
shall be credited with the sum of (a) the amount of such contribution, plus (b)
the amount of the approximate aggregate federal, state and local individual
income taxes (determined under subsection 6.7 of the MIP) attributable to the
sum of paragraph (a) and (b) of this subsection 6.4. Thereafter, such
contribution shall be treated for all purposes of the MIP as if it were an
allocation paid under subsection 5.1 (b) of the MIP.

                                    SECTION 7
                                   ACCOUNTING

          7-1.    SEPARATE ACCOUNTS. The Committee shall maintain two separate
Accounts, a "Deferred Account" and a "Trust Account" in the name of each
participant. The Deferred Account shall be comprised of any pre-tax
contributions made on behalf of the participant under subsection 3.1 and any
employer contributions made on behalf of the participant under Section 4, for
which the participant has not made an election under subsection 5.5, and any
adjustments made pursuant to subsection 7.2. The "Trust Account" shall be
comprised of any pre-tax contributions made on behalf of the participant under
subsection 3.1 and any employer contributions made on behalf of the participant
under Section 4, for which the participant has made an election under subsection
5.5, and any adjustments made pursuant to subsection 7.3.

                                        4
<Page>

          7-2.    ADJUSTMENT OF DEFERRED ACCOUNTS. As of the end of each
calendar year, the Administrator shall adjust each participant's Deferred
Account as follows:

          (a)     FIRST, charge an amount equal to any payments made to the
                  participant during that year pursuant to subsections 7.9 or
                  7.10;

          (b)     NEXT, credit an amount equal to any pre-tax contributions and
                  employer contributions made on behalf of such participant for
                  that year for which the participant has not made an election
                  under subsection 5.5; and

          (c)     FINALLY, credit an amount equal to the Interest Accrual earned
                  for that year pursuant to subsection 7.4.

          7-3.    ADJUSTMENT OF TRUST ACCOUNTS. As of the end of each calendar
year, the Administrator shall adjust each participant's Trust Account as
follows:

          (a)     FIRST, charge an amount equal to the product of: (i) any
                  payments made to the participant during that year from the
                  participant's Grantor Trust (other than distributions of trust
                  earnings in excess of the Net Interest Accrual authorized by
                  the administrator of the trust to provide for the Tax Gross Up
                  under subsection 8.4); multiplied by (ii) a fraction, the
                  numerator of which is the balance in the participant's Trust
                  Account as of the end of the prior calendar year and the
                  denominator of which is the balance of the participant's
                  Grantor Trust (as determined by the administrator of the
                  trust) as of that same date;

          (b)     NEXT, credit an amount equal to any pre-tax contributions and
                  employer contributions made on behalf of the participant for
                  that year for which the participant has made an election under
                  subsection 5.5;

          (c)     FINALLY, credit an amount equal to the Interest Accrual earned
                  for that year pursuant to subsection 7.4.

          7-4.    INTEREST ACCRUALS ON ACCOUNTS. As of the end of each calendar
year, a participant's Deferred Account and Trust Account shall be credited with
interest equal to: (a) the average of the prime rates of interest charged by the
two largest banks located in the City of Chicago on loans made by them as of
January 1 and the end of each month of the calendar year plus (b) two hundred
twenty-five (225) basis points. Such interest shall be credited on the
conditions established by the Committee.

          7-5.    GUARANTEED RATE PAYMENTS. In addition to any employer
contribution made on behalf of a participant for any calendar year pursuant to
section 4, Abbott shall also make a payment to a participant's Grantor Trust (a
"Guaranteed Rate Payment") for any year in which the net earnings of such trust
do not equal or exceed the participant's Net Interest Accrual for that year. A
participant's "Net Interest Accrual" for a year is an amount equal to: (a) the
Interest Accrual credited to the participant's Trust Account for that year; less
(b) the product of (i) the amount of such Interest Accrual,

                                        5
<Page>

multiplied by (ii) the aggregate of the federal, state and local individual
income tax rates (determined in accordance with subsection 8.5). The Guaranteed
Rate Payment shall equal the difference between the participant's Net Interest
Accrual and the net earnings of the participant's Grantor Trust for the year,
and shall be paid within 90 days of the end of the calendar year.

          7-6.    DESIGNATION OF BENEFICIARIES. Subject to the conditions and
limitations set forth below, each participant, and after a participant's death,
each primary beneficiary designated by a participant in accordance with the
provisions of this subsection 7.6, shall have the right from time to time to
designate a primary beneficiary or beneficiaries and, successive or contingent
beneficiary or beneficiaries to receive unpaid amounts from the participant's
Deferred Account under the Plan. Beneficiaries may be a natural person or
persons or a fiduciary, such as a trustee of a trust or the legal representative
of an estate. Any such designation shall take effect upon the death of the
participant or such beneficiary, as the case may be, or in the case of any
fiduciary beneficiary, upon the termination of all of its duties (other than the
duty to dispose of the right to receive amounts remaining to be paid under the
Plan). The conditions and limitations relating to the designation of
beneficiaries are as follows:

          (a)     A nonfiduciary beneficiary shall have the right to designate a
                  further beneficiary or beneficiaries only if the original
                  participant or the next preceding primary beneficiary, as the
                  case may be, shall have expressly so provided in writing; and

          (b)     A fiduciary beneficiary shall designate as a further
                  beneficiary or beneficiaries only those persons or other
                  fiduciaries who are entitled to receive the amounts payable
                  from the participant's account under the trust or estate of
                  which it is a fiduciary.

Any beneficiary designation or grant of any power to any beneficiary under this
subsection may be exercised only by an instrument in writing, executed by the
person making the designation or granting such power and filed with the
Secretary of Abbott during such person's lifetime or prior to the termination of
a fiduciary's duties. If a deceased participant or a deceased nonfiduciary
beneficiary who had the right to designate a beneficiary as provided above dies
without having designated a further beneficiary, or if no beneficiary designated
as provided above is living or qualified and acting, the Committee, in its
discretion, may direct distribution of the amount remaining from time to time to
either:

                  (i)    any one or more or all of the next of kin (including
                         the surviving spouse) of the participant or the
                         deceased beneficiary, as the case may be, and in such
                         proportions as the Committee determines; or

                  (ii)   the legal representative of the estate of the deceased
                         participant or deceased beneficiary as the case may be.

                                        6
<Page>

          7-7.    NON-ASSIGNABILITY AND FACILITY OF PAYMENT. Amounts payable to
participants and their beneficiaries under the Plan are not in any way subject
to their debts and other obligations, and may not be voluntarily or
involuntarily sold, transferred or assigned; provided that the preceding
provisions of this section shall not be construed as restricting in any way a
designation right granted to a beneficiary pursuant to the terms of subsection
7.6. When a participant or the beneficiary of a participant is under legal
disability, or in the Committee's opinion is in any way incapacitated so as to
be unable to manage his or her financial affairs, the Committee may direct that
payments shall be made to the participant's or beneficiary's legal
representative, or to a relative or friend of the participant or beneficiary for
the benefit of the participant or beneficiary, or the Committee may direct the
payment or distribution for the benefit of the participant or beneficiary in any
manner that the Committee determines.

          7-8.    PAYER OF AMOUNTS ALLOCATED TO PARTICIPANTS. Any employer
contribution made on behalf of a participant in the Plan and any interest
credited thereto (and to other contributions) will be paid by the employer (or
such employer's successor) by whom the participant was employed during the
calendar year for which any amount was allocated, and for that purpose, if a
participant shall have been employed by two or more employers during any
calendar year the amount allocated under this Plan for that year shall be an
obligation of each of the respective employers in proportion to the respective
amounts of compensation paid by each of them in that calendar year.

          7-9.    MANNER OF PAYMENT. Subject to subsection 7.10, a participant
shall elect the timing and manner of payment of each portion of his Deferred
Account attributable to contributions made for any calendar year, at the time of
his election for such calendar year under subsection 5.1. Notwithstanding
subsection 5.2, any election made under this subsection 7.10 shall be
irrevocable as to that portion of the Deferred Account to which the election
relates. The participant may select a payment method from any of the following
alternatives:

          (a)     Payment in a lump-sum as soon as practicable following the
                  participant's retirement or other termination of employment;
                  or

          (b)     Payment under any method allowed by the Committee for deferred
                  accounts under the MIP.

          7-10.   PAYMENT UPON TERMINATION FOLLOWING CHANGE IN CONTROL.
Notwithstanding any other provisions of the Plan, if employment of any
participant with Abbott and its subsidiaries should terminate for any reason
within five (5) years after the date of a Change in Control, the aggregate
unpaid balance of the participant's Deferred Account and Trust Account, shall be
paid to the participant in a lump sum within thirty (30) days following the date
of such termination.

          7-11.   CHANGE IN CONTROL. A "Change in Control" shall be deemed to
have occurred on the earliest of the following dates:

                                        7
<Page>

          (a)     the date any Person is or becomes the Beneficial Owner,
                  directly or indirectly, of securities of Abbott (not including
                  in the securities beneficially owned by such Person any
                  securities acquired directly from Abbott or its Affiliates)
                  representing 20% or more of the combined voting power of
                  Abbott's then outstanding securities, excluding any Person who
                  becomes such a Beneficial Owner in connection with a
                  transaction described in clause (i) of paragraph (c) below; or

          (b)     the date the following individuals cease for any reason to
                  constitute a majority of the number of directors then serving:
                  individuals who, on the date hereof, constitute the Board of
                  Directors and any new director (other than a director whose
                  initial assumption of office is in connection with an actual
                  or threatened election contest, including but not limited to a
                  consent solicitation, relating to the election of directors of
                  Abbott) whose appointment or election by the Board of
                  Directors or nomination for election by Abbott's shareholders
                  was approved or recommended by a vote of at least two-thirds
                  (2/3) of the directors then still in office who either were
                  directors on the date hereof or whose appointment, election or
                  nomination for election was previously so approved or
                  recommended; or

          (c)     the date on which there is consummated a merger or
                  consolidation of Abbott or any direct or indirect subsidiary
                  of Abbott with any other corporation or other entity, other
                  than (i) a merger or consolidation (A) immediately following
                  which the individuals who comprise the Board of Directors
                  immediately prior thereto constitute at least a majority of
                  the Board of Directors of Abbott, the entity surviving such
                  merger or consolidation or, if Abbott or the entity surviving
                  such merger or consolidation is then a subsidiary, the
                  ultimate parent thereof and (B) which results in the voting
                  securities of Abbott outstanding immediately prior to such
                  merger or consolidation continuing to represent (either by
                  remaining outstanding or by being converted into voting
                  securities of the surviving entity or any parent thereof), in
                  combination with the ownership of any trustee or other
                  fiduciary holding securities under an employee benefit plan of
                  Abbott or any subsidiary of Abbott, at least 50% of the
                  combined voting power of the securities of Abbott or such
                  surviving entity or any parent thereof outstanding immediately
                  after such merger or consolidation, or (ii) a merger or
                  consolidation effected to implement a recapitalization of
                  Abbott (or similar transaction) in which no Person is or
                  becomes the Beneficial Owner, directly or indirectly, of
                  securities of Abbott (not including in the securities
                  Beneficially Owned by such Person any securities acquired
                  directly from Abbott or its Affiliates) representing 20% or
                  more of the combined voting power of Abbott's then outstanding
                  securities; or

          (d)     the date the shareholders of Abbott approve a plan of complete
                  liquidation or dissolution of Abbott or there is consummated
                  an agreement for the sale or disposition by Abbott of all or
                  substantially all of Abbott's assets, other

                                        8
<Page>

                  than a sale or disposition by Abbott of all or substantially
                  all of Abbott's assets to an entity, at least 50% of the
                  combined voting power of the voting securities of which are
                  owned by shareholders of Abbott, in combination with the
                  ownership of any trustee or other fiduciary holding securities
                  under an employee benefit plan of Abbott or any subsidiary of
                  Abbott, in substantially the same proportions as their
                  ownership of Abbott immediately prior to such sale.

                  Notwithstanding the foregoing, a "Change in Control" shall not
                  be deemed to have occurred by virtue of the consummation of
                  any transaction or series of integrated transactions
                  immediately following which the record holders of the common
                  stock of Abbott immediately prior to such transaction or
                  series of transactions continue to have substantially the same
                  proportionate ownership in an entity which owns all or
                  substantially all of the assets of Abbott immediately
                  following such transaction or series of transactions.

                  For purposes of this Plan: "Affiliate" shall have the meaning
                  set forth in Rule 12b-2 promulgated under Section 12 of the
                  Exchange Act; "Beneficial Owner" shall have the meaning set
                  forth in Rule 13d-3 under the Exchange Act; "Exchange Act"
                  shall mean the Securities Exchange Act of 1934, as amended
                  from time to time; and "Person" shall have the meaning given
                  in Section 3(a)(9) of the Exchange Act, as modified and used
                  in Sections 13(d) and 14(d) thereof, except that such term
                  shall not include (i) Abbott or any of its subsidiaries, (ii)
                  a trustee or other fiduciary holding securities under an
                  employee benefit plan of Abbott or any of its Affiliates,
                  (iii) an underwriter temporarily holding securities pursuant
                  to an offering of such securities, or (iv) a corporation
                  owned, directly or indirectly, by the shareholders of Abbott
                  in substantially the same proportions as their ownership of
                  stock of Abbott.

          7-12.   POTENTIAL CHANGE IN CONTROL. A "Potential Change in Control"
shall exist during any period in which the circumstances described in paragraphs
(a), (b), (c) or (d), below, exist (provided, however, that a Potential Change
in Control shall cease to exist not later than the occurrence of a Change in
Control):

          (a)     Abbott enters into an agreement, the consummation of which
                  would result in the occurrence of a Change in Control,
                  provided that a Potential Change in Control described in this
                  paragraph (a) shall cease to exist upon the expiration or
                  other termination of all such agreements.

          (b)     Any Person (without regard to the exclusions set forth in
                  subsections (i) through (iv) of such definition) publicly
                  announces an intention to take or to consider taking actions
                  the consummation of which would constitute a Change in
                  Control; provided that a Potential Change in Control described
                  in this paragraph (b) shall cease to exist upon the withdrawal
                  of such

                                        9
<Page>

                  intention, or upon a determination by the Board of Directors
                  that there is no reasonable chance that such actions would be
                  consummated.

          (c)     Any Person becomes the Beneficial Owner, directly or
                  indirectly, of securities of Abbott representing 10% or more
                  of either the then outstanding shares of common stock of
                  Abbott or the combined voting power of Abbott's then
                  outstanding securities (not including in the securities
                  beneficially owned by such Person any securities acquired
                  directly from Abbott or its Affiliates).

          (d)     The Board of Directors adopts a resolution to the effect that,
                  for purposes of this Agreement, a Potential Change in Control
                  exists; provided that a Potential Change in Control described
                  in this paragraph (d) shall cease to exist upon a
                  determination by the Board of Directors that the reasons that
                  gave rise to the resolution providing for the existence of a
                  Potential Change in Control have expired or no longer exist.

          7-13.   PROHIBITION AGAINST AMENDMENT. The provisions of subsections
7.10, 7.11, 7.12 and this subsection 7.13 may not be amended or deleted, nor
superseded by any other provision of this Plan, (i) during the pendency of a
Potential Change in Control and (ii) during the period beginning on the date of
a Change in Control and ending on the date five (5) years following such Change
in Control.

                                    SECTION 8
                                  MISCELLANEOUS

          8-1.    RULES. The Committee may establish such rules and regulations
as it may consider necessary or desirable for the effective and efficient
administration of the Plan.

          8-2.    TAXES. Any employer shall be entitled, if necessary or
desirable, to pay, or withhold the amount of any federal, state or local tax,
attributable to any amounts payable by it under the Plan after giving the person
entitled to receive such amount notice as far in advance as practicable, and may
defer making payment of any amount with respect to which any such tax question
may be pending unless and until indemnified to its satisfaction.

          8-3.    RIGHTS OF PARTICIPANTS. Employment rights of participants with
Abbott and its subsidiaries shall not be enlarged or affected by reason of
establishment of or inclusion as a participant in the Plan. Nothing contained in
the Plan shall require Abbott or any subsidiary to segregate or earmark any
assets, funds or property for the purpose of payment of any amounts which may
have been deferred. The Deferred and Trust Accounts established pursuant to
subsection 7.1 are for the convenience of the administration of the Plan and no
trust relationship with respect to such Accounts is intended or should be
implied. Participant's rights shall be limited to payment to them at the time or
times and in such amounts as are contemplated by the Plan. Any decision

                                       10
<Page>

made by the Committee which is within his sole and uncontrolled discretion,
shall be conclusive and binding upon all persons whomsoever.

          8-4.    TAX GROSS UP. In addition to the employer contribution
provided under Section 4, each participant (or, if the participant is deceased,
the beneficiary designated under the participant's Grantor Trust) shall be
entitled to a Tax Gross Up payment for each year there is a balance in his Trust
Account. The "Tax Gross Up" shall approximate: (a) the amount necessary to
compensate the participant (or beneficiary) for the net increase in the
participant's (or beneficiary's) federal, state and local income taxes as a
result of the inclusion in his taxable income of the income of the participant's
Grantor Trust and any Guaranteed Rate Payment for that year; less (b) any
distribution to the participant (or beneficiary) of his Grantor Trust's net
earnings for that year; plus (c) an amount necessary to compensate the
participant (or beneficiary) for the net increase in the taxes described in (a)
above as a result of the inclusion in his taxable income of any payment made
pursuant to this subsection 8.4. Payment of the Tax Gross Up shall be made by
the employers (in such proportions as Abbott shall designate) directly from
their general corporate assets.

          8-5.    INCOME TAX ASSUMPTIONS. For purposes of Sections 7 and 8, a
participant's federal income tax rate shall be deemed to be the highest marginal
rate of federal individual income tax in effect in the calendar year in which a
calculation under those Sections is to be made, and state and local tax rates
shall be deemed to be the highest marginal rates of individual income tax in
effect in the state and locality of the participant's residence on the date such
a calculation is made, net of any federal tax benefits.

          8-6.    GENDER. For purposes of the Plan, words in the masculine
gender shall include the feminine and neuter genders, the singular shall include
the plural and the plural shall include the singular.

          8-7.    MANNER OF ACTION BY COMMITTEE. A majority of the members of
the Committee qualified to act on any particular question may act by meeting or
by writing signed without meeting, and may execute any instrument or document
required or delegate to one of its members authority to sign. The Committee from
time to time may delegate the performance of certain ministerial functions in
connection with the Plan, such as the keeping of records, to such person or
persons as the Committee may select. Except as otherwise expressly provided in
the Plan, the costs of administration of the Plan will be paid by Abbott. Any
notice required to be given to, or any document required to be filed with the
Committee, will be properly given or filed if mailed or delivered in writing to
the Secretary of Abbott.

          8-8.    RELIANCE UPON ADVICE. The Board of Directors and the Committee
may rely upon any information or advice furnished to it by any Officer of Abbott
or by Abbott's independent auditors, or other consultants, and shall be fully
protected in relying upon such information or advice. No member of the Board of
Directors or the Committee shall be liable for any act or failure to act on
their part, excepting only any acts done or

                                       11
<Page>

omitted to be done in bad faith, nor shall they be liable for any act or failure
to act of any other member.

                                    SECTION 9
                      AMENDMENT, TERMINATION AND CHANGE OF
                         CONDITIONS RELATING TO PAYMENTS

          The Plan will be effective from its effective date until terminated by
the Board of Directors. The Board of Directors reserves the right to amend the
Plan from time to time and to terminate the Plan at any time. No such amendment
or any termination of the Plan shall reduce any fixed or contingent obligations
which shall have arisen under the Plan prior to the date of such amendment or
termination.

                                       12
<Page>

                                    EXHIBIT A

                       IRREVOCABLE GRANTOR TRUST AGREEMENT

          THIS AGREEMENT, made this _____ day of ____________, __, by and
between ____________ of ____________, Illinois (the "grantor"), and The Northern
Trust Company located at Chicago, Illinois, as trustee (the "trustee"),

                                WITNESSETH THAT:

          WHEREAS, the grantor desires to establish and maintain a trust to hold
certain benefits received by the grantor under the Abbott Laboratories 40l(k)
Supplemental Plan, as it may be amended from time to time;

          NOW, THEREFORE, IT IS AGREED as follows:

                                    ARTICLE I
                                  INTRODUCTION

          I-1.    NAME. This agreement and the trust hereby evidenced (the
"trust") may be referred to as the "__________ 19__ Grantor Trust".

          I-2.    THE TRUST FUND The "trust fund" as at any date means all
property then held by the trustee under this agreement.

          I-3.    STATUS OF THE TRUST. The trust shall be irrevocable. The trust
is intended to constitute a grantor trust under Sections 671-678 of the Internal
Revenue Code, as amended, and shall be construed accordingly.

          I-4.    THE ADMINISTRATOR. Abbott Laboratories ("Abbott") shall act as
the "administrator" of the trust, and as such shall have certain powers, rights
and duties under this agreement as described below. Abbott will certify to the
trustee from time to time the person or persons authorized to act on behalf of
Abbott as the administrator. The trustee may rely on the latest certificate
received without further inquiry or verification.

          I-5.    ACCEPTANCE. The trustee accepts the duties and obligations of
the "trustee" hereunder, agrees to accept funds delivered to it by the grantor
or the administrator, and agrees to hold such funds (and any proceeds from the
investment of such funds) in trust in accordance with this agreement.

                                   ARTICLE II
                         DISTRIBUTION OF THE TRUST FUND

          II-1.   DEFERRED ACCOUNT. The administrator shall maintain a "deferred
account" under the trust. As of the end of each calendar year, the administrator
shall charge the deferred account with all distributions made from such account
during that year; and credit such account with income and realized gains and
charge such account with expenses and realized losses for the year.

                                       13
<Page>

          II-2.   DISTRIBUTIONS FROM THE DEFERRED ACCOUNT PRIOR TO THE GRANTOR'S
DEATH. Principal and accumulated income credited to the deferred account shall
not be distributed from the trust prior to the grantor's retirement or other
termination of employment with Abbott or a subsidiary of Abbott (the grantor's
"settlement date"); provided that, each year the administrator may direct the
trustee to distribute to the grantor a portion of the income of the deferred
account for that year, with the balance of such income to be accumulated in that
account. The administrator shall inform the trustee of the grantor's settlement
date. Thereafter, the trustee shall distribute the amounts from time to time
credited to the deferred account to the grantor, if then living, either in a
lump-sum payable as soon as practicable following the settlement date, or in a
series of annual installments, with the amount of each installment computed by
one of the following methods:

          (a)     The amount of each installment shall be equal to the sum of:
                  (i) the amount credited to the deferred account as of the end
                  of the year in which the grantor's settlement date occurs,
                  divided by the number of years over which installments are to
                  be distributed; plus (ii) the net earnings credited to the
                  deferred account for the preceding year (excluding the year in
                  which the grantor's settlement date occurs).

          (b)     The amount of each installment shall be determined by dividing
                  the amount credited to the deferred account as of the end of
                  the preceding year by the difference between (i) the total
                  number of years over which installments are to be distributed,
                  and (ii) the number of annual installment distributions
                  previously made from the deferred account.

          (c)     Each installment (after the first installment) shall be
                  approximately equal, with the amount comprised of the sum of:
                  (i) the amount of the first installment, plus interest thereon
                  at the rate determined under the Abbott Laboratories 401(k)
                  Supplemental Plan, compounded annually; and (ii) the net
                  earnings credited to the deferred account for the preceding
                  year.

Notwithstanding the foregoing, the final installment distribution made to the
grantor under this paragraph II-3 shall equal the total principal and
accumulated income then held in the trust fund. The grantor, by writing filed
with the trustee and the administrator on or before the end of the calendar year
in which the grantor's settlement date occurs, may select either the lump-sum or
an installment payment method and, if an installment method is selected, may
select both the period (which may not be less than ten years from the end of the
calendar year in which the grantor's settlement date occurred) over which the
installment distributions are to be made and the method of computing the amount
of each installment. In the absence of such a written direction by the grantor,
installment distributions shall be made over a period of ten years, and the
amount of each installment shall be computed by using the method described in
subparagraph (a) next above. Installment distributions under this Paragraph II-2
shall be made as of January 1 of each year, beginning with the calendar year
following the year in which the grantor's settlement date occurs. The
administrator shall inform the trustee of the amount of each

                                       14
<Page>

installment distribution under this paragraph II-2, and the trustee shall be
fully protected in relying on such information received from the administrator.

          II-3.   DISTRIBUTIONS AFTER THE GRANTOR'S DEATH. The grantor, from
time to time may name any person or persons (who may be named contingently or
successively and who may be natural persons or fiduciaries) to whom the
principal of the trust fund and all accrued or undistributed income thereof
shall be distributed in a lump sum or, if the beneficiary is the grantor's
spouse (or a trust for which the grantor's spouse is the sole income
beneficiary), in installments, as directed by the grantor, upon the grantor's
death. If the grantor directs an installment method of distribution to the
spouse as beneficiary, any amounts remaining at the death of the spouse
beneficiary shall be distributed in a lump sum to the executor or administrator
of the spouse beneficiary's estate. If the grantor directs an installment method
of distribution to a trust for which the grantor's spouse is the sole income
beneficiary, any amounts remaining at the death of the spouse shall be
distributed in a lump sum to such trust. Despite the foregoing, if (i) the
beneficiary is a trust for which the grantor's spouse is the sole income
beneficiary, (ii) payments are being made pursuant to this paragraph II-3 other
than in a lump sum and (iii) income earned by the trust fund for the year
exceeds the amount of the annual installment payment, then such trust may elect
to withdraw such excess income by written notice to the trustee. Each
designation shall revoke all prior designations, shall be in writing and shall
be effective only when filed by the grantor with the administrator during the
grantor's lifetime. If the grantor fails to direct a method of distribution, the
distribution shall be made in a lump sum. If the grantor fails to designate a
beneficiary as provided above, then on the grantor's death, the trustee shall
distribute the balance of the trust fund in a lump sum to the executor or
administrator of the grantor's estate.

          II-4.   FACILITY OF PAYMENT. When a person entitled to a distribution
hereunder is under legal disability, or, in the trustee's opinion, is in any way
incapacitated so as to be unable to manage his or her financial affairs, the
trustee may make such distribution to such person's legal representative, or to
a relative or friend of such person for such person's benefit. Any distribution
made in accordance with the preceding sentence shall be a full and complete
discharge of any liability for such distribution hereunder.

          II-5.   PERPETUITIES. Notwithstanding any other provisions of this
agreement, on the day next preceding the end of 21 years after the death of the
last to die of the grantor and the grantor's descendants living on the date of
this instrument, the trustee shall immediately distribute any remaining balance
in the trust to the beneficiaries then entitled to distributions hereunder.

                                   ARTICLE III
                          MANAGEMENT OF THE TRUST FUND

          III-1.  GENERAL POWERS. The trustee shall, with respect to the trust
fund, have the following powers, rights and duties in addition to those provided
elsewhere in this agreement or by law:

                                       15
<Page>

          (a)     Subject to the limitations of subparagraph (b) next below, to
                  sell, contract to sell, purchase, grant or exercise options to
                  purchase, and otherwise deal with all assets of the trust
                  fund, in such way, for such considerations, and on such terms
                  and conditions as the trustee decides.

          (b)     To retain in cash such amounts as the trustee considers
                  advisable; and to invest and reinvest the balance of the trust
                  fund, without distinction between principal and income, in
                  obligations of the United States Government and its agencies
                  or which are backed by the full faith and credit of the United
                  States Government or in any mutual fund, common trust fund or
                  collective investment fund which invests solely in such
                  obligations; and any such investment made or retained by the
                  trustee in good faith shall be proper despite any resulting
                  risk or lack of diversification or marketability.

          (c)     To deposit cash in any depositary (including the banking
                  department of the bank acting as trustee) without liability
                  for interest, and to invest cash in savings accounts or time
                  certificates of deposit bearing a reasonable rate of interest
                  in any such depositary.

          (d)     To invest, subject to the limitations of subparagraph (b)
                  above, in any common or commingled trust fund or funds
                  maintained or administered by the trustee solely for the
                  investment of trust funds.

          (e)     To borrow from anyone, with the administrator's approval, such
                  sum or sums from time to time as the trustee considers
                  desirable to carry out this trust, and to mortgage or pledge
                  all or part of the trust fund as security.

          (f)     To retain any funds or property subject to any dispute without
                  liability for interest and to decline to make payment or
                  delivery thereof until final adjudication by a court of
                  competent jurisdiction or until an appropriate release is
                  obtained.

          (g)     To begin, maintain or defend any litigation necessary in
                  connection with the administration of this trust, except that
                  the trustee shall not be obliged or required to do so unless
                  indemnified to the trustee's satisfaction.

          (h)     To compromise, contest, settle or abandon claims or demands.

          (i)     To give proxies to vote stocks and other voting securities, to
                  join in or oppose (alone or jointly with others) voting
                  trusts, mergers, consolidations, foreclosures,
                  reorganizations, liquidations, or other changes in the
                  financial structure of any corporation, and to exercise or
                  sell stock subscription or conversion rights.

          (j)     To hold securities or other property in the name of a nominee,
                  in a depositary, or in any other way, with or without
                  disclosing the trust relationship.

                                       16
<Page>

          (k)     To divide or distribute the trust fund in undivided interests
                  or wholly or partly in kind.

          (l)     To pay any tax imposed on or with respect to the trust; to
                  defer making payment of any such tax if it is indemnified to
                  its satisfaction in the premises; and to require before making
                  any payment such release or other document from any lawful
                  taxing authority and such indemnity from the intended payee as
                  the trustee considers necessary for its protection.

          (m)     To deal without restriction with the legal representative of
                  the grantor's estate or the trustee or other legal
                  representative of any trust created by the grantor or a trust
                  or estate in which a beneficiary has an interest, even though
                  the trustee, individually, shall be acting in such other
                  capacity, without liability for any loss that may result.

          (n)     To appoint or remove by written instrument any bank or
                  corporation qualified to act as successor trustee, wherever
                  located, as special trustee as to part or all of the trust
                  fund, including property as to which the trustee does not act,
                  and such special trustee, except as specifically limited or
                  provided by this or the appointing instrument, shall have all
                  of the rights, titles, powers, duties, discretions and
                  immunities of the trustee, without liability for any action
                  taken or omitted to be taken under this or the appointing
                  instrument.

          (o)     To appoint or remove by written instrument any bank, wherever
                  located, as custodian of part or all of the trust fund, and
                  each such custodian shall have such rights, powers, duties and
                  discretions as are delegated to it by the trustee.

          (p)     To employ agents, attorneys, accountants or other persons, and
                  to delegate to them such powers as the trustee considers
                  desirable, and the trustee shall be protected in acting or
                  refraining from acting on the advice of persons so employed
                  without court action.

          (q)     To perform any and all other acts which in the trustee's
                  judgment are appropriate for the proper management, investment
                  and distribution of the trust fund.

          III-2.  PRINCIPAL AND INCOME. Any income earned on the trust fund
which is not distributed as provided in Article II shall be accumulated and from
time to time added to the principal of the trust. The grantor's interest in the
trust shall include all assets or other property held by the trustee hereunder,
including principal and accumulated income.

          III-3.  STATEMENTS. The trustee shall prepare and deliver monthly to
the administrator and annually to the grantor, if then living, otherwise to each
beneficiary then entitled to distributions under this agreement, a statement (or
series of statements) setting forth (or which taken together set forth) all
investments, receipts, disbursements

                                       17
<Page>

and other transactions effected by the trustee during the reporting period; and
showing the trust fund and the value thereof at the end of such period.

          III-4.  COMPENSATION AND EXPENSES. All reasonable costs, charges and
expenses incurred in the administration of this trust, including compensation to
the trustee, any compensation to agents, attorneys, accountants and other
persons employed by the trustee, and expenses incurred in connection with the
sale, investment and reinvestment of the trust fund shall be paid from the trust
fund.

                                   ARTICLE IV
                               GENERAL PROVISIONS

          IV-1.   INTERESTS NOT TRANSFERABLE. The interests of the grantor or
other persons entitled to distributions hereunder are not subject to their debts
or other obligations and may not be voluntarily or involuntarily sold,
transferred, alienated, assigned or encumbered.

          IV-2.   DISAGREEMENT AS TO ACTS. If there is a disagreement between
the trustee and anyone as to any act or transaction reported in any accounting,
the trustee shall have the right to a settlement of its account by any proper
court.

          IV-3.   TRUSTEE'S OBLIGATIONS. No power, duty or responsibility is
imposed on the trustee except as set forth in this agreement. The trustee is not
obliged to determine whether funds delivered to or distributions from the trust
are proper under the trust, or whether any tax is due or payable as a result of
any such delivery or distribution. The trustee shall be protected in making any
distribution from the trust as directed pursuant to Article II without inquiring
as to whether the distributee is entitled thereto; and the trustee shall not be
liable for any distribution made in good faith without written notice or
knowledge that the distribution is not proper under the terms of this agreement.

          IV-4.   GOOD FAITH ACTIONS. The trustee's exercise or non-exercise of
its powers and discretions in good faith shall be conclusive on all persons. No
one shall be obliged to see to the application of any money paid or property
delivered to the trustee. The certificate of the trustee that it is acting
according to this agreement will fully protect all persons dealing with the
trustee.

          IV-5.   WAIVER OF NOTICE. Any notice required under this agreement may
be waived by the person entitled to such notice.

          IV-6.   CONTROLLING LAW. The laws of the State of Illinois shall
govern the interpretation and validity of the provisions of this agreement and
all questions relating to the management, administration, investment and
distribution of the trust hereby created.

          IV-7.   SUCCESSORS. This agreement: shall be binding on all persons
entitled to distributions hereunder and their respective heirs and legal
representatives, and on the trustee and its successors.

                                       18
<Page>

                                    ARTICLE V
                               CHANGES IN TRUSTEE

          V-1.    RESIGNATION OR REMOVAL OF TRUSTEE. The trustee may resign at
any time by giving thirty days' advance written notice to the administrator and
the grantor. The administrator may remove a trustee by written notice to the
trustee and the grantor.

          V-2.    APPOINTMENT OF SUCCESSOR TRUSTEE. The administrator shall fill
any vacancy in the office of trustee as soon as practicable by written notice to
the successor trustee; and shall give prompt written notice thereof to the
grantor, if then living, otherwise to each beneficiary then entitled to payments
or distributions under this agreement. A successor trustee shall be a bank (as
defined in Section 581 of the Internal Revenue Code, as amended).

          V-3.    DUTIES OF RESIGNING OR REMOVED TRUSTEE AND OF SUCCESSOR
TRUSTEE. A trustee that resigns or is removed shall furnish promptly to the
administrator and the successor trustee an account of its administration of the
trust from the date of its last account. Each successor trustee shall succeed to
the title to the trust fund vested in its predecessor without the signing or
filing of any instrument, but each predecessor trustee shall execute all
documents and do all acts necessary to vest such title of record in the
successor trustee. Each successor trustee shall have all the powers conferred by
this agreement as if originally named trustee. No successor trustee shall be
personally liable for any act or failure to act of a predecessor trustee. With
the approval of the administrator, a successor trustee may accept the account
furnished and the property delivered by a predecessor trustee without incurring
any liability for so doing, and such acceptance will be complete discharge to
the predecessor trustee.

                                   ARTICLE VI
                            AMENDMENT AND TERMINATION

          VI-1.   AMENDMENT. With the consent of the administrator, this trust
may be amended from time to time by the grantor, if then living, otherwise by a
majority of the beneficiaries then entitled to payments or distributions
hereunder, except as follows:

          (a)     The duties and liabilities of the trustee cannot be changed
                  substantially without its consent.

          (b)     This trust may not be amended so as to make the trust
                  revocable.

          VI-2.   TERMINATION. This trust shall not terminate, and all rights,
titles, powers, duties, discretions and immunities imposed on or reserved to the
trustee, the administrator, the grantor and the beneficiaries shall continue in
effect, until all assets of the trust have been distributed by the trustee as
provided in Article II.

                                   *    *    *

                                       19
<Page>

          IN WITNESS WHEREOF, the grantor and the trustee have executed this
agreement as of the day and year first above written.

                                        ----------------------------------------
                                        Grantor

                                        The Northern Trust Company, as Trustee

                                        By
                                          --------------------------------------

                                        Its
                                           -------------------------------------

                                       20

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00054-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00054-of-00352.parquet"}]]