Document:

Exhibit 10.50

Abbott
Laboratories

Performance Restricted Stock 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 Performance Restricted Stock Award
under Section 11 of 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 Shares.  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» common shares of the Company (the “Shares”).  The Shares shall be issued from the Company’s
available treasury shares.  The Employee
shall have all the rights of a shareholder with respect to the Shares,
including the right to vote and to receive all dividends or other distributions
paid or made with respect to the Shares. 
However, the Shares (and any securities of the Company which may be
issued with the respect to the Shares by virtue of any stock split,
combination, stock dividend or recapitalization, which securities shall be
deemed to be “Shares” hereunder) shall be subject to all the restrictions
hereinafter set forth.

2.             Restriction.  Until the restriction imposed by this Section 2
(the “Restriction”) has lapsed pursuant to Section 3 or 4 below, the
Shares 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.  The restrictions on
one-third of the total number of Shares (rounded up) will lapse and have no
further force on the last business day of February, 2008, 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 Shares (rounded up) will lapse and
have no further force on the last business day of February, 2009, 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 Shares will
lapse and have no further force on the last business day of February, 2010,
provided that Abbott’s prior year Return on Equity is a minimum of 18 percent.  Notwithstanding the foregoing, any remaining
Shares that have not previously vested in 2008, 2009 or 2010 shall remain
outstanding and shall vest on the last business day of February, 2011 and/or
2012, 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 Shares 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.

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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.

6.             Forfeiture of Shares.  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 due to the Employee’s voluntary resignation (other than due
to retirement) or involuntary discharge for cause), all of the Shares with respect to which the Restriction has not lapsed
shall be forfeited, and transferred to the Company by the Employee, without
consideration to the Employee or his executor, administrator, personal
representative or heirs (“Representative”). 
In any such event, the Employee or his Representative shall promptly
deliver any documents requested by the Company necessary to effectuate such
transfer.  Notwithstanding the foregoing,
in the event that the Employee is discharged by the Company other than for
cause, the Committee shall have the authority (but not the obligation) to act,
in its sole discretion, to accelerate the lapse of the Restriction.  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 perform the duties of his employment (other
than any such failure resulting from the Employee’s disability); (B) material
breach by the Employee of the terms and conditions of his employment; (C) material
breach by the Employee of business ethics; (D) an act of fraud,
embezzlement or theft committed by the Employee in connection with his duties
or in the course of his employment; or (E) wrongful disclosure by the
Employee of secret processes or confidential information of the Company or its
subsidiaries.

11.           Construction.  This Performance Restricted Stock Award is
intended to qualify as qualified performance-based compensation under section 162(m)
of the Internal Revenue Code of 1986, as amended, to the extent
applicable.  This Agreement shall be
construed accordingly.

12.           Section
409A.  If the Company determines that
this Agreement is subject to 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 Award to be executed by its duly
authorized officer as of the grant date above set forth.

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  ABBOTT LABORATORIES

  
	
   

  	
   

  	
   

  
	
   

  	
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  «Name»

  

 

 3Exhibit 10.51

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.  The restrictions on one-third
of the total number of Units (rounded up) will lapse and have no further force
on the last business day of February, 2008, 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 last business day of February, 2009, 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 last business day of February, 2010, 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 in 2008, 2009, or 2010 shall remain
outstanding and shall vest on the last business day of February, 2011 and/or
2012, 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.

 

 

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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 perform the duties of his employment (other
than any such failure resulting from the Employee’s disability);
(B) material breach by the Employee of the terms and conditions of his
employment; (C) material breach by the Employee of business ethics;
(D) an act of fraud, embezzlement or theft committed by the Employee in
connection with his duties or in the course of his employment; or
(E) wrongful disclosure by the Employee of secret processes or
confidential information of the Company or its subsidiaries.

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 (2007, 2008, 2009, 2010, 2011
or 2012) 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.

 

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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

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  «Name»

  

 

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