Document:

Management Achievement Award Program

 Exhibit No. (10)a 
 KIMBERLY-CLARK CORPORATION 
 MANAGEMENT ACHIEVEMENT AWARD PROGRAM 
 As Amended and Restated as of November 13, 2008 

 MANAGEMENT ACHIEVEMENT AWARD PROGRAM 
 As Amended and Restated as of November 13, 2008 
  

	1.	PURPOSE 

 This Management Achievement Award Program
(“MAAP” or the “Plan”) is amended and restated as of November 13, 2008. The purpose of MAAP is to further unite the interests of the stockholders of the Kimberly-Clark Corporation (the “Company”) and its key
executives through: 
  

	(a)	the annual establishment of Company objectives and the maintenance of a dividend level which are deemed by the Company’s Management Development and Compensation Committee (the
“Compensation Committee”) of the Board of Directors (the “Board”) to be in the best short- and long-range interests of the Company, and 

  

	(b)	the annual payment, or provision for future payment, of incentive compensation to each eligible participating key executive in the form of a cash award which is in an amount
significantly above competitive base salary, provided his or her performance has meaningfully contributed to the attainment of Company objectives. 

  

	2.	ELIGIBILITY 

 Employees eligible to participate in MAAP (the
“Participant”) shall include any employee of the Company or any Subsidiary whose position is evaluated under the Company’s Exempt Salary Administration Program (the “Salary Program”) at 994 or more total Hay points.
Notwithstanding the above, the Chief Executive Officer (the “CEO”) of the Company or the Compensation Committee may, in their sole discretion, determine that an employee of the Company or any Subsidiary is to be eligible to participate in
MAAP, or exclude any employee who is otherwise determined to be eligible. 
  

	3.	OBJECTIVE AREAS AND PERFORMANCE LEVELS 

 Prior to the beginning of
each calendar year, or as soon thereafter as reasonably practicable, performance objectives (the “Objective(s)”) shall be established for each Participant in one or more of the three objective areas (“Objective Areas”), i.e.
Corporate, Business Unit or Individual. 
 The Compensation Committee shall establish the Objective(s) and any Control Measures (as defined in section 6
below) in the Corporate Objective Area. The CEO, or his delegate, shall establish the Objectives and any Control Measures in all Business Unit and Individual Objective Areas for all Participants, except as otherwise determined by the Compensation
Committee. 
 For each Objective there may be established performance levels (“Performance Level(s)”) which shall consist of successively better
standards or ranges taking into consideration actual progress in the calendar year in accomplishing the Objective(s). For each Objective 

  

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there may be established Performance Levels under which the percentage of the incentive payout shall be determined by taking into consideration actual
progress in the calendar year in achieving the Objective. A payment range, with a minimum and maximum payment, may be established for the Objective. 
 From
time to time, it may be desirable to establish the Objective(s) in such a manner that specific Performance Levels cannot be defined. In such cases, the specific Performance Level(s) will be determined pursuant to section 7 of this Plan. 

The Objective(s) in the Individual Objective Area for a Participant may be defined to include specific target areas on which such Participant should focus during the
year. 
 The original definition of any and all Objectives, Objective Areas, Performance Levels, Percentage Weightings (as defined in section 4 below), and
Control Measures shall not be changed during the course of a calendar year, except by the approval of the individual or body who originally approved the same. When mid-calendar year changes in the Company’s accounting or internal reporting
policies have the effect of making the financial results between two periods not fairly comparable for the purpose of properly measuring performance where Objectives are stated in financial terms, such results may be adjusted in such manner as shall
be deemed fair and appropriate by the individual or body who originally approved the Objective. 
  

	4.	OBJECTIVE AREA WEIGHTINGS 

 Coincident with the establishment of
Objective Areas, Objectives, and Performance Levels, the CEO, or his delegate, or the Compensation Committee in the case of employees who are either directors of the Company or officers of the Company who are elected by the Board, shall establish a
percentage weighting (“Percentage Weighting”) applicable to each Objective Area, or, where applicable, to each Objective within an Objective Area. The total of all Percentage Weightings in all Objective Areas for each Participant shall be
100 percent. 
  

	5.	TARGET AWARD LEVEL 

 Prior to the beginning of each calendar year,
or as soon thereafter as reasonably practicable, the Compensation Committee shall establish the Target Award Level, and a maximum payout stated as a percentage of such Target Award Level, that shall apply for each elected officer of the Company. The
Chief Executive Officer shall establish Target Award Levels and maximum payouts for each participant in the MAAP who is not an elected officer of the Company. Such Target Award Levels and maximum payouts shall at all times take into account the
basic purposes of MAAP, and shall in no event result in the potential obligation to pay incentive compensation which, in the Compensation Committee’s opinion, is not in the best short- and long-range interests of the Company. 
  

	6.	CONTROL MEASURES 

 At the time the Objectives are established, there
may also be established certain conditions known as control measures (“Control Measures”) which are either personal as to one individual, or general as to a group of individuals. Failure to fulfill a Control Measure may 

  

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partially or totally deprive the individual to whom the Control Measure applies of the right to receive an award, notwithstanding the level of performance
attained on any or all Objectives, or in any or all Objective Areas. 
 In the event that the Company’s dividend rate is reduced, other than by reason
of stock splits or other similar events having no effect on the actual amount paid out in dividends, no award shall be paid under MAAP for performance during the calendar year in which such a reduction occurs. This shall be a Control Measure and
shall apply in each calendar year during which the Plan is in effect. 
  

	7.	ASCERTAINMENT OF PERFORMANCE LEVELS 

 The Performance Level actually
attained with respect to any Objective will be stated as a percentage of the Target Award Level. 
 The Performance level actually attained with respect to
any Objective or Control Measure stated in financial terms, and the payment with respect thereto, shall be determined upon the completion of audited results of the Company and its subsidiaries. 
 When specific Performance Levels in the Corporate Objective Area have not been defined under section 3 of this Plan, the Compensation Committee will determine the
Performance Level attained following the end of the calendar year. 
 The Performance Level attained with respect to any Group or Sector Objective or Control
Measure stated in nonfinancial terms shall be determined and approved by all levels in the chain of command which originally approved or defined such Objective or Control Measure following the end of the calendar year. 
 Performance in the Individual Objective Area will be determined by the CEO, or his delegate, following the end of the calendar year, based upon the Participant’s
performance with respect to the specified target areas. 
 Notwithstanding the above, the Compensation Committee may, in its sole discretion, authorize that
such determinations of the Performance Levels attained be made prior to the end of the calendar year, and that the payment of awards be made pursuant to section 10 of this Plan. 
  

	8.	AMOUNT OF INCENTIVE COMPENSATION 

 The amount of incentive
compensation an employee is eligible to receive depends upon: 
  

	(a)	the Percentage Weighting applicable to that Objective Area, 

  

	(b)	the Target Award Level which applies to the Participant, 

  

	(c)	the percentage payout of the Target Award Level as a consequence of the Performance Level attained in that Objective Area, and 

  

	(d)	the Participant’s annual base salary determined as of December 31 of the calendar year for which the Objectives were established. 

  

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 Performance in each Objective Area shall be valued by multiplying (a) times (b) times (c) times (d).

 Except as otherwise hereinafter provided, the total award a Participant is eligible to receive is the sum of the values attributable to performance
actually attained in each Objective Area, as determined by the preceding paragraph. 
  

	9.	ADJUSTMENT OF AWARD 

 Except as otherwise determined by the
Compensation Committee, in its sole and absolute discretion, the amount of an award may be adjusted by the CEO, in his sole discretion, to more accurately reflect an individual Participant’s performance during the calendar year. 
 The amount of the award, in the event of transfers to, from, or between MAAP eligible positions may be reviewed, and may be adjusted and prorated, on such basis as shall
be determined fair and equitable by the CEO, or his delegate. 
 Adjustments may be made in the amount of an award after the potential thereof has been
authorized, if the applicable position is reevaluated under the Salary Program during the calendar year, on such basis as shall be determined fair and equitable by the CEO, or his delegate. 
 A Separation from Service for any reason other than death, retirement, or total and permanent disability prior to the payment of MAAP shall result in a forfeiture of the
MAAP award. A Participant’s death, retirement, or total and permanent disability may result in the pro rata or other adjustment to the amount of the award on such basis as shall be determined fair and equitable by the CEO, or his delegate. A
Separation from Service means a termination of employment with the Company or any Subsidiary. A Separation from Service with the Corporation or a Subsidiary to accept immediate reemployment with the Corporation or a Subsidiary likewise shall not be
deemed to be a Separation from Service for purposes of the Plan. A Separation from Service will also be deemed to have occurred if the Employee’s services with the Company or any Subsidiary is reduced to an annual rate that is 20 percent or
less of the services rendered, on average, during the immediately preceding three years of employment (or if employed less than three years, such lesser period). Subsidiary means any domestic or foreign corporation at least twenty percent
(20%) of whose shares normally entitled to vote in electing directors is owned directly or indirectly by the Corporation or by other Subsidiaries, provided, however, that “at least fifty percent (50%)” shall replace “at least
twenty percent (20%)” where there is not a legitimate business criteria for using such lower percentage. 
 Notwithstanding any provision of MAAP, no
award shall be paid to any individual who, in any calendar year, has discharged his principal accountabilities in a manner deemed unacceptable under the Salary Program. 
  

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	10.	PAYMENT OF AWARDS 

 Awards shall be paid in one lump sum in cash no
later than 60 days following the calendar year for which the Objectives were established, provided the Participant has not had a Separation from Service from the Company or a Subsidiary on the Award payment date. Should any payments under this Plan
be delayed no interest will be owed to the Participant with respect to such late payment. Notwithstanding the above, the Compensation Committee may make payments at such earlier times as it may, in its sole discretion, determine, and the
Compensation Committee, or the CEO, in their sole discretion, will make such determinations as to performance, and establish procedures (including repayment of any overpayment which is determined after the completion of the final audit),
implementing such early payment. 
  

	11.	ADMINISTRATION AND INTERPRETATION 

 Except as otherwise provided by
this Plan, the Compensation Committee has discretionary authority to construe and interpret the Plan and to resolve all questions arising thereunder, and such action shall be final and conclusive as to all individuals affected thereby. 

Except as provided in this Plan, no right of any Participant shall be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge,
encumbrance, charge, attachment, garnishment, execution, levy, bankruptcy, or any other disposition of any kind, whether voluntary or involuntary, prior to actual payment of an award. No Participant, or any other person, shall have any interest in
any fund, or in any specific asset or assets of the Company, by reason of an award that has been made but has not been paid or distributed. 
 Nothing
contained in MAAP shall be construed as a contract of employment or as a right of any Participant to be continued in the employment of the Company, or as a limitation on the right of the Company to discharge any Participant with or without cause.

 This Plan is intended to be compliant with Section 409A of the Code and the guidance promulgated thereunder. Notwithstanding any other provision of
this Plan, the Corporation and the Compensation Committee shall administer and interpret the Plan, and exercise all authority and discretion under the Plan, to satisfy the requirements of Code Section 409A and the guidance promulgated
thereunder and any noncompliant provisions of this Plan will either be void or deemed amended to comply with Section 409A of the Code and the guidance promulgated thereunder. 
 The Compensation Committee may, at any time, amend this Plan, order the temporary suspension of its application, or terminate it in its entirety, provided, however, that no such action shall adversely affect the
rights or interests of Participants theretofore vested hereunder. 
 MAAP is hereby amended and restated effective as of November 13, 2008. 

 

 5Executive Officer Achievement Award Program

 Exhibit No. (10)d 
 KIMBERLY-CLARK CORPORATION 
 EXECUTIVE OFFICER ACHIEVEMENT AWARD PROGRAM 
 (as amended effective November 12, 2008) 
  

	1.	PURPOSE 

 This Executive Officer Achievement Award
Program (“EOAAP” or the “Plan”) is amended effective November 12, 2008. The purpose of EOAAP is to further unite the interests of the stockholders of Kimberly-Clark Corporation (the “Company”) and its executive
officers through the annual payment of performance-based incentive compensation to each participating executive in the form of a cash award. 
  

	2.	ELIGIBILITY 

 Employees eligible to participate in
EOAAP (the “Participants”) shall be limited to the Chief Executive Officer and other executive officers of the Company (within the meaning of Rule 3b-7 of the Securities Exchange Act of 1934 as amended from time to time) as of
March 30 of each calendar year (“performance year”) who shall receive awards under the Plan for such performance year. An individual who becomes an executive officer after March 30 and on or before October 1 of a calendar
year shall receive an award as provided in Section 3. 
  

	3.	AWARDS 

 Subject to the Compensation
Committee’s discretion to reduce such awards, each Participant shall be entitled to an award for each performance year equal to 0.3 percent of the Company’s earnings before unusual items. The Company’s independent auditors will review
the Company’s calculation of the award amount and confirm its mathematical accuracy to the Compensation Committee. 
 An individual who
becomes a Participant after March 30 and on or before October 1 of a performance year shall receive an award for that performance year based on the earnings before unusual items of the Company for each calendar quarter following the
quarter in which the individual becomes an executive officer. 
  

	4.	PAYMENT OF AWARDS; COMPENSATION COMMITTEE DISCRETION TO REDUCE 

 As soon as practicable after the end of each performance year, the Company’s independent auditors shall report to the Compensation Committee the Company’s earnings before unusual items and the Compensation
Committee shall certify the amount of each award for that year under the provisions of this Plan. 
 The Compensation Committee, in its sole
discretion, based on any factors the Compensation Committee deems appropriate, may reduce the award to a Participant in any year (including reduction to zero if the Compensation Committee so determines). The Compensation Committee shall make a
determination of whether and to what extent to reduce awards under the Plan for each year at such time or times as the Compensation Committee shall deem appropriate. The reduction in the amount of an award to a Participant for a performance year
shall have no effect on the amount of the award to any other Participant for such year. 
 Payments of awards to Participants who are
employees of subsidiaries of the Company shall be paid directly by such subsidiaries. 

 A Separation from Service for any reason prior to the payment of the award may result in a pro rata or
other reduction to the amount of the award that would otherwise be payable on such basis as shall be determined fair and equitable by the Compensation Committee in its discretion and any such award shall be paid no later than 60 days following the
end of the performance year. A Separation from Service means a termination of employment with the Company or any Subsidiary. A Separation from Service with the Corporation or a Subsidiary to accept immediate reemployment with the Corporation or a
Subsidiary likewise shall not be deemed to be a Separation from Service for purposes of the Plan. A Separation from Service will also be deemed to have occurred if the Employee’s services with the Company or any Subsidiary is reduced to an
annual rate that is 20 percent or less of the services rendered, on average, during the immediately preceding three years of employment (or if employed less than three years, such lesser period). Subsidiary means any domestic or foreign corporation
at least twenty percent (20%) of whose shares normally entitled to vote in electing directors is owned directly or indirectly by the Corporation or by other Subsidiaries, provided, however, that “at least fifty percent (50%)” shall
replace “at least twenty percent (20%)” where there is not a legitimate business criteria for using such lower percentage. 
 Notwithstanding any provision of EOAAP, no award shall be paid to a Participant who, in any calendar year, has discharged his principal accountabilities in a manner deemed unacceptable by the Chief Executive Officer. Participants under the
EOAAP will be ineligible for awards relating to the same calendar quarter under the Company’s Management Achievement Award Program. 
 Awards shall be paid in cash no later than 60 days following the end of the performance year, provided, however, should any payments under this Plan be delayed no interest will be owed to the Participant with respect to such late payment.

  

	5.	GENERAL PROVISIONS 

 The Plan shall be administered
by the Compensation Committee. The Compensation Committee, in its sole discretion, shall have the power to interpret and construe the Plan; provided, however, that no such action or determination may increase the amount of compensation payable that
would otherwise be due in a manner that would result in the disallowance of a deduction to the Company under Section 162(m) of the Code or any successor section. Any interpretation or construction of any provisions of the Plan by the
Compensation Committee shall be final and conclusive upon all persons. No member of the Board or the Compensation Committee shall be liable for any action or determination made in good faith. 
 This Plan is intended to be compliant with Section 409A of the Code and the guidance promulgated thereunder. Notwithstanding any other provision of
this Plan, the Company and the Compensation Committee shall administer and interpret the Plan, and exercise all authority and discretion under the Plan, to satisfy the requirements of Code Section 409A and the guidance promulgated thereunder
and any noncompliant provisions of this Plan will either be void or deemed amended to comply with Section 409A of the Code and the guidance promulgated thereunder. 
 “Compensation Committee” means the Management Development and Compensation Committee of the Board of Directors of the Company, provided that if the requisite number of members of the Compensation Committee
are not Disinterested Persons, the Plan shall be administered by a committee, all of whom are Disinterested Persons, appointed by the Board and consisting of two or more directors with full authority to act in the matter. 
 Except as provided in this Plan, no right of any Participant shall be subject in any manner to anticipation, alienation, sale, transfer, assignment,
pledge, encumbrance, charge, attachment, garnishment, execution, levy, bankruptcy, or any other disposition of any kind, whether voluntary or involuntary, prior to actual 

  

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payment of an award. No Participant, or any other person, shall have any interest in any fund, or in any specific asset or assets of the Company, by reason
of an award that has been made but has not been paid or distributed. 
 Nothing contained in the EOAAP shall be construed as a contract of
employment or as a right of any Participant to be continued in the employment of the Company, or as a limitation on the right of the Company to discharge any Participant with or without cause. 
 The Compensation Committee may at any time amend, suspend, or discontinue the Plan or alter or amend any or all awards under the Plan to the extent
(1) permitted by law and (2) that such action would not result in the disallowance of a deduction to the Company under Section 162(m) of the Code or any successor section (including the rules and regulations promulgated thereunder);
provided, however, that if any of the foregoing requires the approval by stockholders of any such amendment, suspension or discontinuance, then the Compensation Committee may take such action subject to the approval of the stockholders. No such
amendment, suspension, or discontinuance of the Plan shall, without the consent of the Participant, adversely alter or change any of the rights or obligations under any awards previously granted the Participant. In the case of a Participant employed
outside the United States, the Compensation Committee may vary the provisions of the Plan as it may deem appropriate to conform to local laws, practices and procedures. Further, unless the stockholders of the Company shall have first approved
thereof, no amendments shall be made which shall increase the maximum amount of any award above the amount determined by the formula described in Section 3 in any year. 
  

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