Document:

Exhibit 10.3

 

Abbott Laboratories

Performance Restricted Stock Unit Agreement

 

This Agreement made «DateAwded» (the “Grant Date”), between Abbott
Laboratories, an Illinois corporation (the “Company”), and «Name» (the “Employee”), for the grant by the
Company to the Employee of a Restricted Stock Unit Award under the Company’s
1996 Incentive Stock Program (the “Plan”). 
This Agreement incorporates and is subject to the provisions of the Plan.  Terms used herein shall have the same meaning
as in the Plan, and in the event of any inconsistency between the provisions
herein and the provisions of the Plan, the Plan shall control.

 

1.             Grant of Units.  Pursuant to action of the Compensation
Committee of the Board of Directors of the Company, and in consideration of
valuable services heretofore rendered and to be rendered by the Employee to the
Company and of the agreements hereinafter set forth, the Company has granted to
the Employee «NoShares12345»
restricted stock units (the “Restricted Stock Units” used herein “Units”),
representing the right to receive an equal number of common shares of the
Company on the Delivery Date.  The “Delivery
Date” of the shares (as defined in Sections 3, 4 and 5 below) shall be the
respective dates on which the common shares of the Company shall be payable to
the Employee after the Restriction (as defined in Section 2 below) on such
Units lapse.  Unless indicated otherwise,
the shares of stock shall be delivered in an equal number of shares (subject to
rounding) as of each Delivery Date, if there is more than one Delivery Date
applicable.  The shares shall be issued
from the Company’s available treasury shares. 
Prior to the Delivery Date(s), (a) the Employee shall not be
treated as a shareholder as to those shares, and shall only have a contractual
right to receive them, unsecured by any assets of the Company or the
subsidiaries; (b) the Employee shall not be permitted to vote the
Restricted Stock Units; and (c) the Employee’s right to receive such
shares will be subject to the adjustment provisions relating to mergers,
reorganizations, and similar events set forth in the Plan.  The Restricted Stock Units shall be subject
to all of the restrictions hereinafter set forth.  The Employee shall be permitted to receive
cash payments equal to the dividends and distributions paid on shares of stock (“Dividend
Equivalents”) (other than dividends or distributions of securities of the
Company which may be issued with respect to its shares by virtue of any stock
split, combination, stock dividend or recapitalization) to the same extent and
on the same date as if each Unit were a share of stock, provided, however, that
no Dividend Equivalents shall be payable to or for the benefit of the Employee
with respect to dividends or distributions the record date for which occurs on
or after either (i) the Employee has forfeited the Restricted Stock Units or (ii)
the restrictions on the Restricted Stock Units have lapsed.

 

2.             Restriction.  Until the restriction imposed by this Section 2
(the “Restriction”) has lapsed pursuant to Section 3 or 4 below, the Units
shall not be sold, exchanged, assigned, transferred, pledged or otherwise
disposed of, and shall be subject to forfeiture as set forth in Section 5
below.

 

3.             Lapse of Restriction Based on Performance.  This award will have a
five-year term.  The restrictions on
one-third of the total number of Units (rounded up) will lapse and have no
further force on the first anniversary of the Grant Date provided that Abbott’s
prior year Return on Equity is a minimum of 18 percent; the restrictions on an
additional one-third of the total number of Units (rounded up) will lapse and
have no further force on the second

 

1

 

anniversary of the Grant Date provided that
Abbott’s prior year Return on Equity is a minimum of 18 percent; the
restrictions on the remaining one-third of the total number of Units will lapse
and have no further force on the third anniversary of the Grant Date provided
that Abbott’s prior year Return on Equity is a minimum of 18 percent.  Notwithstanding the foregoing, any remaining Units
that have not previously vested on the first, second or third anniversary of
the Grant Date shall remain outstanding and shall vest on the fourth or fifth
anniversaries, respectively, of the Grant Date, provided that Abbott’s prior
year Return on Equity is a minimum of 18 percent, and provided further that no
more than one-third of the Units will vest in any one year.

 

4.             Retirement.  The Restriction shall continue to apply (and
may lapse in accordance with the provisions of Section 3 above) in the
event that the Employee’s employment with the Company and its subsidiaries is
terminated by the Employee due to retirement.

 

5.             Lapse of Restriction by Death or Disability.  The Restriction shall lapse
and have no further force or effect upon the Employee’s death or disability.  Any Units that have not previously been paid
out on a Delivery Date set forth in Section 3 above shall be settled in
the form of Company common stock on the date of death or disability, as the
case may be.

 

6.             Forfeiture of Units.  In the event of termination of the Employee’s employment with the
Company, other than under the circumstances described in Section 4 or Section 5
above, (including without limitation due to the Employee’s voluntary resignation
(other than due to retirement) or involuntary discharge for cause), all of the Units with respect to which the Restriction has not lapsed shall
be forfeited by the Employee, without consideration to the Employee or his
executor, administrator, personal representative or heirs (“Representative”),
provided, however, that in the event that the
Employee is involuntarily discharged by the Company or its subsidiaries other
than for cause, the Company shall have the authority (but not the obligation)
to act, in its sole discretion, to accelerate the lapse of Restriction set
forth in Section 3 above and to cause any Units that have not previously
been paid out on a Delivery Date set forth in Section 3 above to be
settled in the form of Company common stock on the date of such involuntary
discharge.  The
term discharge “for cause” shall have the meaning given that term by Section 10.

 

7.             Withholding Taxes.  The lapse of the Restriction on the Shares
pursuant to the terms hereof shall be conditioned on the Employee or the
Representative having made appropriate arrangements with the Company to provide
for the withholding of any taxes required to be withheld by federal, state or
local law with respect to such lapse.

 

8.             Rights Not Enlarged.  Nothing herein confers on the Employee any
right to continue in the employ of the Company or of any of its subsidiaries.

 

9.             Succession.  This Agreement shall be binding upon and
operate for the benefit of the Company and its successors and assigns, and the
Employee and his Representative.

 

10.           Discharge for Cause.  The term discharge “for cause” shall mean
termination by the Company of the Employee’s employment for (A) the
Employee’s failure to substantially

 

11.           Payment of Dividend Equivalents. For purposes of compliance with the requirements of Internal Revenue
Code Section 409A, the specified date for paying any Dividend Equivalents to which
an employee is entitled under Section 1 is the year (2006, 2007, 2008, 2009,
2010, or 2011) in which the associated dividends or distributions are paid on
common stock.  This Section 11 shall not
create or expand any rights to Dividend Equivalents.

 

12.           Section
409A.  If the Company determines that
this Agreement is subject to Section 409A and fails to comply with that section’s
requirements, the Company may, at the Company’s sole discretion, amend the
Agreement to cause it to comply with Section 409A or be exempt from Section 409A.

 

2

 

IN WITNESS WHEREOF, the Company
has caused this Award to be executed by its duly authorized officer as of the
grant date set forth above.

 

	
   

  	
   

  	
  ABBOTT LABORATORIES

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
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  «Name»

  

 

3Exhibit 10.4

 

ABBOTT LABORATORIES

1996 INCENTIVE STOCK PROGRAM

NON-QUALIFIED STOCK OPTION

 

 

ABBOTT LABORATORIES
(THE “COMPANY”) HEREBY GRANTS TO

«FIRST_NAME» «MI» «LAST_NAME»                    (THE
“EMPLOYEE”)

«SSN»

 

A NON-QUALIFIED
STOCK OPTION TO PURCHASE FROM TIME TO TIME ALL OR ANY PART OF A TOTAL OF «NQSOs» COMMON SHARES OF THE COMPANY
IDENTIFIED ABOVE AS BEING SUBJECT TO THIS NON-QUALIFIED STOCK OPTION, AT THE
PRICE OF «PRICE» PER SHARE, (SUCH
PRICE BEING NOT LESS THAN 100% OF THE FAIR MARKET VALUE OF THE SHARES ON THE
DATE HEREOF) UPON THE TERMS AND CONDITIONS SET FORTH BELOW.

 

THIS NON-QUALIFIED
STOCK OPTION IS GRANTED THIS«Grant_Day»
DAY OF «Grant_Month», 2006 UNDER
THE COMPANY’S 1996 INCENTIVE STOCK PROGRAM (HEREIN CALLED THE “PROGRAM”) FOR
THE PURPOSE OF FURNISHING TO THE EMPLOYEE AN APPROPRIATE INCENTIVE TO IMPROVE
OPERATIONS AND INCREASE PROFITS AND ENCOURAGING THE EMPLOYEE TO CONTINUE
EMPLOYMENT WITH THE COMPANY AND ITS SUBSIDIARIES.   THIS OPTION INCORPORATES AND IS SUBJECT TO,
THE PROVISIONS OF THE PROGRAM.  TERMS
USED HEREIN SHALL HAVE THE SAME MEANING AS IN THE PROGRAM, AND IN THE EVENT OF
ANY INCONSISTENCY BETWEEN THE PROVISIONS HEREOF AND THE PROVISIONS OF THE
PROGRAM THE PROGRAM SHALL CONTROL.

 

THE TERMS AND
CONDITIONS OF THE OPTION ARE AS FOLLOWS:

 

1.     THIS OPTION MAY,
BUT NEED NOT, BE EXERCISED IN INSTALLMENTS, BUT MAY BE EXERCISED ONLY TO
THE EXTENT, AND WITHIN THE TIME PERIODS, DESCRIBED BELOW.  DURING THE LIFETIME OF THE EMPLOYEE THIS
OPTION MAY BE EXERCISED ONLY BY THE EMPLOYEE AND (EXCEPT AS PROVIDED BELOW)
ONLY WHILE IN THE EMPLOY OF THE COMPANY OR ANY OF ITS SUBSIDIARIES.

 

2.     THIS OPTION MAY BE
EXERCISED ONLY ON OR AFTER THE FIRST ANNIVERSARY OF THE GRANT DATE.  TERMINATION OF SUCH EMPLOYMENT BEFORE THE
FIRST ANNIVERSARY OF THE GRANT DATE WILL TERMINATE ALL RIGHTS UNDER THE OPTION
(UNLESS THE TERMINATION IS FOR REASON OF RETIREMENT, DISABILITY OR DEATH OR FOR
REASON OTHER THAN RETIREMENT, DISABILITY OR DEATH AND THE FIRST ANNIVERSARY OR
THE GRANT DATE OCCURS WITHIN THE THREE (3) MONTH PERIOD DESCRIBED IN
PARAGRAPH 4).

 

3.     ON THE FIRST
ANNIVERSARY OF THE GRANT DATE ONE-THIRD OF THE TOTAL NUMBER OF SHARES (ROUNDED
UP) COVERED BY THIS OPTION MAY BE PURCHASED; ON THE SECOND ANNIVERSARY OF
THE GRANT DATE TWO-THIRDS (ROUNDED UP) OF THE TOTAL NUMBER OF SHARES COVERED BY
THIS OPTION MAY BE PURCHASED AND ON THE THIRD ANNIVERSARY OF THE GRANT
DATE THIS OPTION SHALL BE EXERCISABLE IN FULL. 
IN THE EVENT OF TERMINATION OF EMPLOYMENT, THE NUMBER OF SHARES WHICH MAY BE
PURCHASED PURSUANT TO THIS PARAGRAPH SHALL BE DETERMINED AS IF THE EMPLOYEE
CONTINUED TO BE EMPLOYED BY THE COMPANY DURING THE PERIODS REFERRED TO IN
PARAGRAPHS 4, 5, 6, 7, 8 AND 9 OF THIS OPTION. 
THE RIGHT TO PURCHASE SHALL CUMULATE SO THAT SHARES MAY BE
PURCHASED AT ANY TIME AFTER BECOMING ELIGIBLE FOR PURCHASE UNTIL TERMINATION OF
THE OPTION.

 

4.     SUBJECT TO
PARAGRAPHS 10 AND 11, IF EMPLOYMENT OF THE EMPLOYEE WITH THE COMPANY AND ITS
SUBSIDIARIES TERMINATES FOR ANY REASON OTHER THAN RETIREMENT, DISABILITY OR
DEATH, THIS OPTION MAY BE EXERCISED BY THE EMPLOYEE

 

 

TO THE
EXTENT PERMITTED UNDER PARAGRAPH 3 WITHIN THREE (3) MONTHS AFTER THE
EMPLOYEE’S EFFECTIVE DATE OF TERMINATION, BUT NOT BEYOND THE TERM OF THE
OPTION.  

 

5.     SUBJECT TO
PARAGRAPHS 10 AND 11, IF THE EMPLOYEE TERMINATES EMPLOYMENT BY REASON OF
RETIREMENT, THIS OPTION MAY BE EXERCISED BY THE EMPLOYEE TO THE EXTENT
PERMITTED UNDER PARAGRAPH 3 WITHIN THE TERM OF THE OPTION.

 

6.     SUBJECT TO
PARAGRAPHS 10 AND 11, IF THE EMPLOYMENT OF THE EMPLOYEE WITH THE COMPANY AND
ITS SUBSIDIARIES TERMINATES DUE TO DISABILITY, THIS OPTION MAY BE
EXERCISED BY THE EMPLOYEE TO THE EXTENT PERMITTED UNDER PARAGRAPH 3 WITHIN THE
TERM OF THE OPTION.

 

7.     IN THE EVENT OF
DEATH OF THE EMPLOYEE DURING EMPLOYMENT, THIS OPTION MAY BE EXERCISED TO
THE EXTENT PERMITTED UNDER PARAGRAPH 3 WITHIN THE TERM OF THE OPTION AND ONLY
BY THE EXECUTOR OR ADMINISTRATOR OF THE ESTATE OF THE EMPLOYEE OR THE PERSON OR
PERSONS TO WHOM RIGHTS UNDER THE OPTION HAVE PASSED BY WILL OR THE LAWS OF
DESCENT AND DISTRIBUTION.

 

8.     IN THE EVENT OF
DEATH OF THE EMPLOYEE DURING THE THREE (3) MONTH PERIOD REFERRED TO IN
PARAGRAPH 4 OF THIS OPTION, THIS OPTION MAY BE EXERCISED TO THE EXTENT
PERMITTED UNDER PARAGRAPH 3 WITHIN THREE (3) MONTHS AFTER SUCH DEATH, BUT
NOT BEYOND THE TERM OF THE OPTION AND ONLY BY THE EXECUTOR OR ADMINISTRATOR OF
THE ESTATE OF THE EMPLOYEE OR THE PERSON OR PERSONS TO WHOM RIGHTS UNDER THE
OPTION HAVE PASSED BY WILL OR THE LAWS OF DESCENT AND DISTRIBUTION.

 

9.     IN THE EVENT OF
DEATH OF THE EMPLOYEE DURING THE PERIODS REFERRED TO IN PARAGRAPHS 5 OR 6 OF
THIS OPTION, THE OPTION MAY BE EXERCISED TO THE EXTENT PERMITTED UNDER
PARAGRAPH 3 WITHIN THE TERM OF THE OPTION AND ONLY BY THE EXECUTOR OR
ADMINISTRATOR OF THE ESTATE OF THE EMPLOYEE OR THE PERSON OR PERSONS TO WHOM
RIGHTS UNDER THE OPTION HAVE PASSED BY WILL OR THE LAWS OF DESCENT AND
DISTRIBUTION.

 

10.   NOTWITHSTANDING
PARAGRAPHS 4, 5 AND 6, THIS OPTION SHALL IMMEDIATELY TERMINATE IN THE EVENT THE
EMPLOYEE ENGAGES, DIRECTLY OR INDIRECTLY, FOR THE BENEFIT OF THE EMPLOYEE OR
OTHERS, IN ANY ACTIVITY, EMPLOYMENT OR BUSINESS DURING EMPLOYMENT OR WITHIN
TWELVE (12) MONTHS AFTER THE DATE OF TERMINATION OR RETIREMENT WHICH, IN THE
SOLE OPINION AND DISCRETION OF THE COMPENSATION COMMITTEE OR ITS DELEGATE, IS
COMPETITIVE WITH THE COMPANY OR ANY OF ITS SUBSIDIARIES.  

 

11.   NOTWITHSTANDING
PARAGRAPHS 4, 5, AND 6, THE OPTION SHALL IMMEDIATELY TERMINATE, IF IN THE SOLE
OPINION AND DISCRETION OF THE COMPENSATION COMMITTEE OR ITS DELEGATE, THE
EMPLOYEE (A) ENGAGES IN A MATERIAL BREACH OF THE COMPANY’S CODE OF
BUSINESS CONDUCT; (B) COMMITS AN ACT OF FRAUD, EMBEZZLEMENT OR THEFT IN
CONNECTION WITH THE EMPLOYEE’S DUTIES OR IN THE COURSE OF EMPLOYMENT; OR (C) WRONGFULLY
DISCLOSES SECRET PROCESSES OR CONFIDENTIAL INFORMATION OF THE COMPANY OR ITS
SUBSIDIARIES.  

 

12.   THIS OPTION MAY NOT
UNDER ANY CIRCUMSTANCES BE EXERCISED ON OR AFTER THE TENTH (10) ANNIVERSARY
OF THE GRANT DATE.

 

13.   NOTHING HEREIN
CONFERS UPON THE EMPLOYEE ANY RIGHT TO CONTINUE IN THE EMPLOY OF THE COMPANY OR
OF ANY SUBSIDIARY.

 

14.   THIS OPTION IS NOT
TRANSFERABLE OTHERWISE THAN BY WILL OR THE LAWS OF DESCENT AND DISTRIBUTION AND
IS EXERCISABLE DURING THE EMPLOYEE’S LIFETIME ONLY BY THE EMPLOYEE.  IT MAY NOT BE ASSIGNED, TRANSFERRED
(EXCEPT AS

 

 

AFORESAID),
PLEDGED OR HYPOTHECATED IN ANY WAY, WHETHER BY OPERATION OF LAW OR OTHERWISE,
AND SHALL NOT BE SUBJECT TO EXECUTION, ATTACHMENT, OR SIMILAR PROCESS.  ANY ATTEMPT AT ASSIGNMENT, TRANSFER, PLEDGE,
HYPOTHECATION, OR OTHER DISPOSITION OF THIS OPTION CONTRARY TO THE PROVISIONS
HEREOF, AND THE LEVY OF ANY ATTACHMENT OR SIMILAR PROCESS UPON THIS OPTION,
SHALL BE NULL AND VOID AND WITHOUT EFFECT.

 

15.   THIS OPTION MAY BE
EXERCISED ONLY BY DELIVERING TO THE SECRETARY OR OTHER DESIGNATED EMPLOYEE OR
AGENT OF THE COMPANY A WRITTEN, ELECTRONIC, OR TELEPHONIC NOTICE OF EXERCISE,
SPECIFYING THE NUMBER OF COMMON SHARES WITH RESPECT TO WHICH THE OPTION IS THEN
BEING EXERCISED, AND BY PAYMENT OF THE FULL PURCHASE PRICE OF THE SHARES BEING
PURCHASED IN CASH, OR WITH OTHER COMMON SHARES OF THE COMPANY HELD BY THE
EMPLOYEE HAVING A THEN FAIR MARKET VALUE EQUAL TO THE PURCHASE PRICE, OR BY THE
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, OR A COMBINATION
THEREOF, PLUS PAYMENT IN CASH OR, SUBJECT TO APPROVAL OF THE COMPENSATION
COMMITTEE,  BY WITHHOLDING OF COMMON
SHARES OF THE COMPANY, OF THE FULL AMOUNT OF ANY TAXES WHICH THE COMPANY
BELIEVES ARE REQUIRED TO BE WITHHELD AND PAID WITH RESPECT TO SUCH EXERCISE,
AND IN THE EVENT THE OPTION IS BEING EXERCISED BY A PERSON OR PERSONS OTHER
THAN THE EMPLOYEE, SUCH APPROPRIATE TAX CLEARANCES, PROOF OF THE RIGHT OF SUCH
PERSON OR PERSONS TO EXERCISE THE OPTION, AND OTHER PERTINENT DATA AS THE
COMPANY MAY DEEM NECESSARY.

 

16.   THE COMPANY SHALL
NOT BE REQUIRED TO ISSUE OR DELIVER ANY SHARES PURCHASED UPON ANY EXERCISE
PENDING COMPLIANCE WITH ALL APPLICABLE FEDERAL AND STATE SECURITIES AND OTHER
LAWS (INCLUDING ANY REGISTRATION REQUIREMENTS) AND COMPLIANCE WITH THE RULES
AND PRACTICES OF ANY STOCK EXCHANGE UPON WHICH THE COMPANY’S COMMON SHARES ARE
LISTED.

 

17.   IN ADDITION TO TENDERING A CASH
PAYMENT, THE EMPLOYEE MAY SATISFY ANY FEDERAL, STATE, AND/OR LOCAL TAXES
ARISING FROM ANY TRANSACTION RELATED TO THIS OPTION BY (1) HAVING THE
COMPANY WITHHOLD COMMON SHARES FROM THOSE OPTIONS EXERCISED TO SATISFY THE
MINIMUM APPLICABLE WITHHOLDING TAX OR (2) DELIVERING OTHER PREVIOUSLY
ACQUIRED COMMON SHARES OF THE COMPANY HAVING A FAIR MARKET VALUE APPROXIMATELY
EQUAL TO THE AMOUNT TO BE WITHHELD.  

 

18.   NEITHER THIS
OPTION, SHARES ISSUED UPON ITS EXERCISE, ANY EXCESS OF MARKET VALUE OVER OPTION
PRICE, NOR ANY OTHER RIGHTS, BENEFITS, VALUES OR INTEREST RESULTING FROM THE
GRANTING OF THIS OPTION SHALL BE CONSIDERED AS COMPENSATION FOR PURPOSES OF ANY
PENSION OR RETIREMENT PLAN, INSURANCE PLAN, INVESTMENT OR STOCK PURCHASE PLAN,
OR ANY OTHER EMPLOYEE BENEFIT PLAN OF THE COMPANY OR ANY OF ITS SUBSIDIARIES.

 

19.   THE GRANT OF A STOCK OPTION UNDER THE PROGRAM
DOES NOT CREATE ANY CONTRACTUAL OR OTHER RIGHT TO RECEIVE ADDITIONAL STOCK
OPTION GRANTS OR OTHER PROGRAM BENEFITS IN THE FUTURE.  NOTHING CONTAINED IN THIS AGREEMENT IS
INTENDED TO CREATE OR ENLARGE ANY OTHER CONTRACTUAL OBLIGATIONS BETWEEN THE
COMPANY AND THE EMPLOYEE.  FUTURE OPTION
GRANTS, IF ANY, AND THEIR TERMS AND CONDITIONS, WILL BE AT THE SOLE DISCRETION
OF THE COMPENSATION COMMITTEE.  UNLESS
EXPRESSLY PROVIDED BY THE COMPANY IN WRITING, ANY VALUE ASSOCIATED WITH
A STOCK OPTION GRANTED UNDER THE PROGRAM IS AN ITEM OF COMPENSATION OUTSIDE THE
SCOPE OF THE EMPLOYEE’S EMPLOYMENT CONTRACT, IF ANY, AND SHALL NOT BE DEEMED PART OF
THE EMPLOYEE’S NORMAL OR EXPECTED COMPENSATION FOR PURPOSES OF CALCULATING ANY
SEVERANCE, RESIGNATION, REDUNDANCY, OR END-OF-SERVICE PAYMENTS, BONUSES,
LONG-SERVICE AWARDS, PENSION OR RETIREMENT BENEFITS, OR SIMILAR PAYMENTS.

 

 

20.   THIS OPTION SHALL BE
INTERPRETED TO EFFECT THE ORIGINAL INTENT OF THE COMPANY AS CLOSELY AS POSSIBLE
TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW (INCLUDING, WITHOUT
LIMITATION, ANY LAWS GOVERNING DATA PRIVACY). 
IF ANY CONDITION OR PROVISION OF THIS OPTION IS INVALID, ILLEGAL, OR
INCAPABLE OF BEING ENFORCED UNDER ANY APPLICABLE LAW OR REGULATION GOVERNING
DATA PRIVACY, INCLUDING THE PRIVACY LAWS AND REGULATIONS OF THE EUROPEAN
ECONOMIC AREA, ALL OTHER CONDITIONS AND PROVISIONS OF THIS OPTION SHALL
NEVERTHELESS REMAIN IN FULL FORCE AND EFFECT. 
BY ACCEPTING THIS OPTION, THE EMPLOYEE VOLUNTARILY ACKNOWLEDGES AND
CONSENTS TO THE COLLECTION, USE, PROCESSING AND TRANSFER OF PERSONAL DATA AS
DESCRIBED IN THIS PARAGRAPH.  THE
EMPLOYEE IS NOT OBLIGED TO CONSENT TO SUCH COLLECTION, USE, PROCESSING AND
TRANSFER OF PERSONAL DATA.  HOWEVER,
FAILURE TO PROVIDE THE CONSENT MAY AFFECT THE EMPLOYEE’S ABILITY TO
PARTICIPATE IN THE PROGRAM.  THE COMPANY,
ITS SUBSIDIARIES AND THE EMPLOYEE’S EMPLOYER HOLD CERTAIN PERSONAL INFORMATION
ABOUT THE EMPLOYEE, INCLUDING THE EMPLOYEE’S NAME, HOME ADDRESS AND TELEPHONE
NUMBER, DATE OF BIRTH, SOCIAL SECURITY NUMBER OR OTHER EMPLOYEE IDENTIFICATION
NUMBER, SALARY, NATIONALITY, JOB TITLE, THE NUMBER OF COMMON SHARES OF THE
COMPANY (IF ANY) OWNED BY THE EMPLOYEE, WHETHER THE EMPLOYEE IS A MEMBER OF THE
BOARD OF DIRECTORS OF THE COMPANY OR OF ANY OF ITS SUBSIDIARIES, DETAILS OF ALL
STOCK OPTIONS OR ANY OTHER ENTITLEMENT TO COMMON SHARES AWARDED, CANCELED,
PURCHASED, VESTED, UNVESTED OR OUTSTANDING IN THE EMPLOYEE’S FAVOR FOR THE
PURPOSE OF MANAGING AND ADMINISTERING THE PROGRAM OR THIS OPTION (COLLECTIVELY “PERSONAL
DATA”).  THE COMPANY AND/OR ITS
SUBSIDIARIES WILL TRANSFER PERSONAL DATA AMONGST THEMSELVES AS NECESSARY FOR
THE PURPOSE OF IMPLEMENTATION, ADMINISTRATION AND MANAGEMENT OF THE EMPLOYEE’S
PARTICIPATION IN THE PROGRAM, AND THE COMPANY AND/OR ANY OF ITS SUBSIDIARIES MAY EACH
FURTHER TRANSFER PERSONAL DATA TO ANY THIRD PARTIES ASSISTING THE COMPANY IN
THE IMPLEMENTATION, ADMINISTRATION AND MANAGEMENT OF THE PROGRAM.  THESE RECIPIENTS MAY BE LOCATED IN THE
EUROPEAN ECONOMIC AREA, OR ELSEWHERE THROUGHOUT THE WORLD, SUCH AS THE UNITED
STATES.  THE EMPLOYEE HEREBY AUTHORIZES
THEM TO RECEIVE, POSSESS, USE, RETAIN AND TRANSFER THE PERSONAL DATA, IN
ELECTRONIC OR OTHER FORM, FOR THE PURPOSES OF IMPLEMENTING, ADMINISTERING AND
MANAGING THE EMPLOYEE’S PARTICIPATION IN THE PROGRAM, INCLUDING ANY TRANSFER OF
SUCH PERSONAL DATA AS MAY BE REQUIRED FOR THE ADMINISTRATION OF THE
PROGRAM AND/OR THE SUBSEQUENT HOLDING OF COMMON SHARES ON THE EMPLOYEE’S
BEHALF TO A BROKER OR OTHER THIRD PARTY WITH WHOM THE EMPLOYEE MAY ELECT
TO DEPOSIT ANY COMMON SHARES ACQUIRED PURSUANT TO THE PROGRAM.  THE EMPLOYEE MAY, WHEN AND TO THE EXTENT
REQUIRED BY APPLICABLE DATA PRIVACY LAWS, REVIEW PERSONAL DATA AND REQUIRE ANY
NECESSARY AMENDMENTS TO IT. THE EMPLOYEE MAY, AT ANY TIME, WITHDRAW THE
CONSENTS HEREIN IN WRITING BY CONTACTING THE COMPANY; HOWEVER, WITHDRAWING THE
EMPLOYEE’S CONSENT MAY AFFECT THE EMPLOYEE’S ABILITY TO PARTICIPATE IN THE
PROGRAM.

 

21.   IF THE COMPANY
DETERMINES THAT THIS AGREEMENT IS SUBJECT TO SECTION 409A OF THE INTERNAL
REVENUE CODE AND FAILS TO COMPLY WITH THAT SECTION’S REQUIREMENTS, THE COMPANY MAY, AT THE
COMPANY’S SOLE DISCRETION, AMEND THE AGREEMENT TO CAUSE IT TO COMPLY WITH
SECTION 409A OR BE EXEMPT FROM SECTION 409A.

 

IN WITNESS
WHEREOF, THE COMPANY HAS CAUSED THIS OPTION TO BE EXECUTED BY ITS DULY
AUTHORIZED OFFICER AS OF THE GRANT DATE ABOVE SET FORTH.

 

ABBOTT
LABORATORIES

 

 

Addendum to the Abbott Laboratories, Inc. Stock Option Agreement

 

BRAZIL

Notwithstanding paragraph 15 or any other provision stating otherwise,
all stock options granted in Brazil will only be exercisable using the cashless
method.  Only full cashless exercise (net
proceeds remitted to employee in cash) will be permitted.  Cash or stock swap methods of exercise are
prohibited.  This provision does not
apply to persons identified, pursuant to item 401(b) of Regulation S-K of
the Securities and Exchange Commission, as “Executive Officers” within the
meaning of item 401(b).

 

BULGARIA

Notwithstanding paragraph 15 or any other provision stating otherwise,
all stock options granted in Bulgaria will only be exercisable using the
cashless method.  Only full cashless exercise
(net proceeds remitted to employee in cash) will be permitted.  Cash or stock swap methods of exercise are
prohibited.  This provision does not
apply to persons identified, pursuant to item 401(b) of Regulation S-K of
the Securities and Exchange Commission, as “Executive Officers” within the
meaning of item 401(b).

 

CHINA

Notwithstanding paragraph 15 or any other provision stating otherwise,
all stock options granted in China will only be exercisable using the cashless
method.  Only full cashless exercise (net
proceeds remitted to employee in cash) will be permitted.  Cash or stock swap methods of exercise are
prohibited.  This provision does not
apply to persons identified, pursuant to item 401(b) of Regulation S-K of
the Securities and Exchange Commission, as “Executive Officers” within the
meaning of item 401(b).

 

CROATIA

Notwithstanding paragraph 15 or any other provision stating otherwise,
all stock options granted in Croatia will only be exercisable using the
cashless method.  Only full cashless exercise
(net proceeds remitted to employee in cash) will be permitted.  Cash or stock swap methods of exercise are
prohibited.  This provision does not
apply to persons identified, pursuant to item 401(b) of Regulation S-K of
the Securities and Exchange Commission, as “Executive Officers” within the
meaning of item 401(b).

 

INDONESIA

Notwithstanding paragraph 15 or any other provision stating otherwise,
all stock options granted in Indonesia will only be exercisable using the
cashless method.  Only full cashless exercise
(net proceeds remitted to employee in cash) will be permitted.  Cash or stock swap methods of exercise are
prohibited.  This provision does not
apply to persons identified, pursuant to item 401(b) of Regulation S-K of
the Securities and Exchange Commission, as “Executive Officers” within the
meaning of item 401(b).

 

NEW ZEALAND

Notwithstanding paragraph 15 or any other provision stating otherwise,
all stock options granted in New Zealand will only be exercisable using the
cashless method.  Only full cashless exercise
(net proceeds remitted to employee in cash) will be permitted.  Cash or stock swap methods of exercise are
prohibited.  This provision does not
apply to persons identified, pursuant to item 401(b) of Regulation S-K of
the Securities and Exchange Commission, as “Executive Officers” within the
meaning of item 401(b).

 

VENEZUELA

Notwithstanding paragraph 15 or any other provision stating otherwise,
all stock options granted in Venezuela will only be exercisable using the
cashless method.  Only full cashless exercise
(net proceeds remitted to employee in cash) will be permitted.  Cash or stock swap methods of exercise are
prohibited.  This provision does not
apply to persons identified, pursuant to item 401(b) of Regulation S-K of
the Securities and Exchange Commission, as “Executive Officers” within the
meaning of item 401(b).

 

VIETNAM

Notwithstanding
paragraph 15 or any other provision stating otherwise, all stock options
granted in Vietnam will only be exercisable using the cashless method.  Only full cashless exercise (net proceeds
remitted to employee in cash) will be permitted.  Cash or stock swap methods of exercise are
prohibited.

 

 

This provision
does not apply to persons identified, pursuant to item 401(b) of
Regulation S-K of the Securities and Exchange Commission, as “Executive
Officers” within the meaning of item 401(b).

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