Document:

2009 Senior Executive Performance Incentive Plan

 Exhibit 10.29 
 MEAD JOHNSON NUTRITION COMPANY 
 2009 SENIOR EXECUTIVE PERFORMANCE INCENTIVE PLAN 
 (Effective December 5, 2008) 
 1. Purpose. The purpose of this 2009 Senior Executive Performance Incentive Plan (the “Plan”) is to aid Mead Johnson Nutrition Company, a Delaware corporation (together with its successors and assigns, the
“Company”), in attracting, retaining, motivating and rewarding executive employees of the Company or its Subsidiaries or Affiliates by providing for Awards that will serve as an incentive to annual performance by executive employees who
contribute materially to the success of the Company and its Subsidiaries and Affiliates. The Plan authorizes annual incentive awards that are intended to qualify as “performance-based compensation” that is tax deductible without limitation
under Section 162(m) of the Internal Revenue Code of 1986, as amended (the “Code”). 
 2. Definitions. In addition to
the terms defined in Section 1 above and elsewhere in the Plan, the following capitalized terms used in the Plan have the respective meanings set forth in this Section: 
 (a) “Affiliate” means a corporation or other entity that directly, or indirectly through one or more intermediaries, controls,
is controlled by or is under common control with the Company. For purposes of the Plan, an ownership interest of more than fifty percent (50%) shall be deemed to be a controlling interest. 
 (b) “Award” means the amount of a Participant’s Award Opportunity in respect of a given Performance Year determined by the
Committee to have been earned and to be payable or potentially payable to the Participant, subject to any conditions as may be imposed by the Committee. 
 (c) “Award Opportunity” means a specified percentage of the Award Pool that a Participant potentially may earn in respect of a specified Performance Year, subject to such additional requirements as the
Committee may impose. An Award Opportunity constitutes a conditional right to receive an Award. 
 (d) “Award Pool”
means a hypothetical cash amount equal to two percent (2%) of the Pretax Earnings for a specified Performance Year. Pretax Earnings for this purpose may not include Pretax Earnings from any period not included in the designated Performance Year
and, if Performance Years overlap, the Committee must specify counting rules so that the aggregate of Award Pools for such Performance Years does not exceed the limit of two percent (2%) of the Pretax Earnings during the relevant periods.

 (e) “Beneficiary” means the person, persons, trust or trusts designated as being entitled to receive the benefits
under a Participant’s Award Opportunity or Award upon and following such Participant’s death. Unless otherwise determined by the Committee, a Participant may designate one or more individuals and/or one or more trusts as his or her
Beneficiary, and in the absence of a designated Beneficiary the Participant’s Beneficiary shall be as specified in Section 8(a). Unless otherwise determined by the Committee, any designation of a Beneficiary other than a Participant’s
spouse, or a trust in which the Participant’s spouse is the sole beneficiary, shall be subject to the written consent of such spouse. 

 (f) “Board” means the Company’s Board of Directors. 
 (g) “BMS” means Bristol-Myers Squibb Company, a Delaware corporation. 
 (h) “Change in Control” means the occurrence of any one of the following events after the Effective Date while BMS is an
Affiliate of the Company: 
 (i) Any Person (as defined in Section 13(d)(3) of the Securities and Exchange Act) shall
have become the direct or indirect beneficial owner of thirty percent (30%) or more of the then outstanding common shares of BMS; 
 (ii) The consummation of a merger or consolidation of BMS with any other corporation other than (A) a merger or consolidation which would result in the voting securities of BMS outstanding immediately prior
thereto continuing to represent at least fifty-one percent (51%) of the combined voting power of the voting securities of BMS or the surviving entity outstanding immediately after such merger or consolidation, or (B) a merger or
consolidation effected to implement a recapitalization of BMS in which no Person acquires more than fifty percent (50%) of the combined voting power of BMS’s then outstanding securities; 
 (iii) The date the stockholders of BMS approve a plan of complete liquidation of BMS or an agreement for the sale or disposition by BMS of
all or substantially all BMS’s assets; 
 (iv) The date there shall have been a change in the composition of the Board of
Directors of BMS within a two-year period such that a majority of BMS’s Board of Directors does not consist of directors who were serving at the beginning of such period together with directors whose initial nomination for election by
BMS’s stockholders or, if earlier, initial appointment to BMS’s Board of Directors, was approved by the vote of two-thirds of the directors then still in office who were in office at the beginning of the two-year period together with the
directors who were previously so approved. 
 Notwithstanding the forgoing, for purposes of Section 7(f), a Change in Control means a
change in the ownership or effective control of BMS, or a change in the ownership of a substantial portion of the assets of BMS, each within the meaning of Treasury Regulation Section 1.409A-3(i)(5), while BMS is an Affiliate of the Company.

 (i) “Code” has the meaning specified in Section 1. References to any provision of the Code or regulation
thereunder include any successor provisions and regulations, and reference to regulations includes any applicable guidance or pronouncement of the Department of the Treasury and Internal Revenue Service. 
 (j) “Committee” means the Compensation and Management Development Committee of the Board, the composition and governance of
which is established in the Committee’s Charter as approved from time to time by the Board and subject to other corporate governance documents of the Company. No action of the Committee shall be void or deemed to be without authority due to the
failure of any member, at the time the action was taken, to meet any qualification standard set forth in the Committee Charter or this Plan. The Committee may specify that any of its actions shall be subject to the approval of the Board. 

 

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 (k) “Covered Employee” means a person designated by the Committee as likely,
with respect to a given fiscal year of the Company, to be a “covered employee,” as defined in Code Section 162(m)(3) and Internal Revenue Service Notice 2007-49, or in any subsequent guidance or pronouncement of the Department of the
Treasury or Internal Revenue Service that defines or interprets the term “covered employee” for purposes of Code Section 162(m)(3), for that year (or a later year in which an Award may be settled). This designation generally is
required at the time an Award Opportunity is granted. 
 (l) “Current Portion” has the meaning specified in
Section 6(a). 
 (m) “Deferral Account” means a hypothetical bookkeeping account established and maintained by
the Company on behalf of a Participant pursuant to Section 7(a) to track the Deferred Portions of the Participant’s Awards. 
 (n) “Deferred Portion” has the meaning specified in Section 6(a). 
 (o)
“Disability” means an event which results in the Participant being (i) unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death
or can be expected to last for a continuous period of not less than twelve (12) months, or (ii) by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a
continuous period of not less than twelve (12) months, receiving income replacement benefits for a period of not less than three (3) months under an accident and health plan covering employees of the Company or its Subsidiaries.

 (p) “Effective Date” means December 5, 2008, subject to the approval of the Plan by the Company’s
stockholders, as specified in Section 10(j). 
 (q) “Pretax Earnings” means the Company’s earnings from
continuing operations on a consolidated basis before deduction of income taxes as reported (or to be reported) in the Company’s financial statements, less pretax minority interest expenses, and excluding discontinued operations, extraordinary
items and other non-recurring items, in each case as determined in accordance with generally accepted accounting principles or identified in the Company’s financial statements, notes to the financial statements, management’s discussion and
analysis or other filings with the U.S. Securities and Exchange Commission. 
 (r) “Participant” means a person who
has been granted an Award Opportunity or Award under the Plan which remains outstanding. 
 (s) “Performance Year”
means the fiscal year or portion thereof specified by the Committee as the period over which Pretax Earnings are to be measured as a basis for determining the level of funding of the Award Pool. 
 (t) “Plan Regulations” has the meaning specified in Section 3(a)(iii). 
  

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 (u) “Retirement” means a Participant’s Separation from Service with the
Company or a Subsidiary or Affiliate in the following circumstances: 
 (i) At or after the Participant’s 65th birthday;
or 
 (ii) At or after the Participant’s 55th birthday having completed 10 years of service with the Company and/or any
Subsidiaries and/or Affiliate; or 
 (iii) Such termination is by the Company or a Subsidiary or Affiliate not for cause and
is not voluntary on the part of the Participant, at or after the Participant has attained age plus years of service (rounded up to the next higher whole number) which equals at least 70 and the Participant has completed 10 years of service with the
Company and/or any Subsidiary and/or Affiliate, and the Participant has executed a general release and has agreed to be subject to covenants relating to noncompetition, nonsolicitation and other commitments for the protection of the Company’s
business as then may be required by the Committee (subject to Section 7(f)(ix)). 
 (v) “Section 409A Specified
Employee” means a “specified employee,” within the meaning of Code Section 409A(a)(2)(B)(i) and Treasury Regulation Section 1.409A-1(i), as determined by the Committee or its designee. For purposes of a distribution to which
the requirements of Section 7(f)(iii)(B) apply, the status of a Participant as a Section 409A Specified Employee will be determined annually under the Company’s administrative procedure for such determination for purposes of all plans
subject to Code Section 409A. 
 (w) “Separation from Service” means the date of cessation of a
Participant’s employment relationship with the Company and any Affiliate and Subsidiary for any reason, with or without cause, as determined by the Company. A transfer of a Participant between and among the Company or a Subsidiary or Affiliate
shall not be deemed a Separation from Service for purposes of the Plan. Notwithstanding the forgoing, with respect to any distribution of a Deferred Portion, the date on which a participant incurs a Separation from Service shall be determined in
accordance with Code Section 409A(a)(2)(A)(i) and Treasury Regulation Section 1.409A-1(h). 
 (x)
“Subsidiary” means any corporation which at the time qualifies as a subsidiary of the Company under the definition of “subsidiary corporation” in Code Section 424(f). 
 (y) “Unforeseeable Emergency” means a severe financial hardship to the Participant resulting from an illness or accident of the
Participant, the Participant’s spouse, or a dependent (as defined in Code Section 152, without regard to Code Sections 152(b)(1), (b)(2), and (d)(1)(B)) of the Participant, loss of the Participant’s property due to casualty, or
similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Participant, and otherwise meeting the definition set forth in Treasury Regulation Section 1.409A-3(i)(3). 
  

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 3. Administration. 
 (a) Authority of the Committee. The Plan shall be administered by the Committee, which shall have full and final authority and
discretion, in each case subject to and consistent with the provisions of the Plan and any applicable laws or regulations, to: 
 (i) select eligible employees of the Company and any Subsidiary to become Participants; 
 (ii) grant Award
Opportunities and Awards under the Plan; 
 (iii) prescribe documents setting the terms of Award Opportunities and Awards
(such Award documents need not be identical for each Participant or each Award), amendments thereto, and rules and regulations for the administration of the Plan and amendments thereto (“Plan Regulations”); 
 (iv) construe and interpret the Plan and Award documents and correct defects, supply omissions or reconcile inconsistencies therein; and

 (v) to make all other decisions and determinations as the Committee may deem necessary or advisable for the administration
of the Plan. 
 (b) Committee Determinations. Decisions of the Committee with respect to the administration and
interpretation of the Plan shall be final, conclusive, and binding upon all persons interested in the Plan, including Participants, Beneficiaries, and other persons claiming rights from or through a Participant, and stockholders (except as may be
otherwise determined by the Board). 
 (c) Manner of Exercise of Committee Authority. The express grant of any specific
power to the Committee, and the taking of any action by the Committee, shall not be construed as limiting any power or authority of the Committee. The Committee may act through subcommittees, including for purposes of qualifying Award Opportunities
and Awards under Code Section 162(m) as performance-based compensation, in which case the subcommittee shall be subject to any limitations under the Committee Charter, and the acts of the subcommittee shall be deemed to be acts of the Committee
hereunder. 
 (d) Delegation of Authority. The Committee may delegate to one or more officers or managers of the
Company or any Subsidiary or Affiliate, or committees thereof, the authority, subject to such terms as the Committee shall determine, to perform such functions, including administrative functions, as the Committee may determine, to the extent that
such delegation (i) will not cause Award Opportunities and Awards intended to qualify as performance-based compensation under Code Section 162(m) to fail to so qualify, and (ii) will not result in a related-party transaction with an
executive officer required to be disclosed under Item 404(a) of Regulation S-K (in accordance with Instruction 5.a.ii thereunder) under the Securities and Exchange Act, and (iii) is permitted under the applicable provisions of the Delaware
General Corporation Law. 
  

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 (e) Limitation of Liability. The Committee and each member thereof, and any person
acting pursuant to authority delegated by the Committee, shall be entitled, in good faith, to rely or act upon any report or other information furnished by any executive officer, other officer or employee of the Company or a Subsidiary or Affiliate,
the Company’s independent auditors, consultants or any other agents assisting in the administration of the Plan. Members of the Committee, any person acting pursuant to authority delegated by the Committee, and any officer or employee of the
Company or a Subsidiary or Affiliate acting at the direction or on behalf of the Committee or a delegee shall not be personally liable for any action or determination taken or made in good faith with respect to the Plan, and shall, to the fullest
extent permitted by law and the Company’s By-Laws, be fully indemnified and protected by the Company with respect to any such action or determination. 
 4. Eligibility and Per-Person Limits. Employees of the Company or any Subsidiary or Affiliate who are or may become executive officers of the Company may be selected by the Committee to participate in this Plan
in a specified Performance Year; except, however, that for purposes of this Section 4, “Affiliate” shall not include BMS. The maximum Award Opportunity of any individual Participant who is the Chief Executive Officer of the Company
during any part of a Performance Year shall be twenty percent (20%) of the Award Pool for that Performance Year, and for any other individual Participant shall be fifteen percent (15%) of the Award Pool for that Performance Year, provided
that the aggregate of all Award Opportunities under this Plan for any Performance Year may not exceed one-hundred percent (100%) of the Award Pool. 
 5. Designation and Earning of Award Opportunities. 
 (a) Designation of Award
Opportunities. The Committee shall select employees to participate in the Plan and designate the Performance Year of such participation. The Committee shall designate, for each such Participant, the Award Opportunity such Participant may earn
for such Performance Year and any conditions to the earning of such Award Opportunity or portions thereof (in addition to the requirement that Pretax Earnings be achieved in order to fund the Award Pool). Award Opportunities will be denominated in
cash and Awards will be payable in cash, except that the Committee may denominate an Award Opportunity in shares of common stock or equity awards based on common stock or provide for payment of a cash-denominated Award Opportunity in the form of
such shares or equity awards if and to the extent that the shares or equity awards are available under the Mead Johnson Nutrition Company 2009 Stock Award and Incentive Plan (or a successor thereto) and authorized for use hereunder in accordance
with applicable requirements of such other plan. Except for shares drawn from such other plan, no shares of common stock are specifically reserved for issuance under this Plan. 
 (b) Award Opportunities of Covered Employees. If the Committee determines that an Award Opportunity to be granted to an eligible
person who is designated as a Covered Employee by the Committee should qualify as performance based compensation for purposes of Code Section 162(m), the Committee will specify the Performance Year and the Participant’s Award Opportunity
no later than the date which is the earlier of (i) ninety (90) days after the beginning of the applicable Performance Year or (ii) the time twenty-five percent (25%) of such Performance Year has elapsed. Any settlement or other
event which would change the form of payment from that originally specified shall be implemented in a manner such that the Award does not, solely for that reason, fail to qualify as performance-based compensation for purposes of Code
Section 162(m). 
  

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 (c) Additional Participants and Award Opportunity Designations During a Performance
Year. At any time during a Performance Year, the Committee may select a new employee or a newly promoted employee to participate in the Plan for that Performance Year and/or designate, for any such Participant, an Award Opportunity (or
additional Award Opportunity) for such Performance Year or a different Performance Year. In determining the amount of the Award Opportunity for such Participant under this Section 5(c), the Committee, in its sole and absolute discretion, may
take into account the portion of the Performance Year already elapsed, the performance achieved during such elapsed portion of the Performance Year, and such other considerations as the Committee may deem relevant. 
 (d) Determination of Award. During the year following the Performance Year,
within a reasonable time after the end of each Performance Year and financial results for the Performance Year have become available (but not later than March 15th for any portion of an Award for which the substantial risk of forfeiture lapsed during the Performance Year), the Committee will determine the extent to which the Award Pool is funded and Award Opportunities for the
Performance Year have been earned, and the Award for each Participant for such Performance Year. The Committee may, in its sole and absolute discretion, increase or reduce the amount of an Award or cancel an Award, but may not exercise discretion to
increase any such amount payable to a Covered Employee in respect of an Award that is intended to qualify as performance-based compensation for purposes of Code Section 162(m) if such increase would cause the amount payable under the related
Award Opportunity to exceed the amount actually earned based on Pretax Earnings performance. Unless otherwise determined by the Committee (or otherwise provided under a separate agreement, plan or policy conferring rights on the Participant), the
Award shall be deemed earned and vested only at the time the Committee makes the determination pursuant to this Section 5(d) with respect to a Participant who remains employed by the Company or a Subsidiary or Affiliate at the time of the
determination, and no Participant has a legal right to receive an Award until such determination has been made. 
 (e)
Written Determinations. Determinations by the Committee under this Section 5, including Award Opportunities, the level of Pretax Earnings for the Performance Year and the resulting funding of the Award Pool, and the amount of any Award
earned shall be recorded in writing. With regard to Awards intended to qualify as performance-based compensation under Code Section 162(m), the Committee will certify, in a manner conforming to applicable regulations under Code
Section 162(m), prior to settlement of each such Award granted to a Covered Employee, that the Award (and any related Award Opportunity) has been earned and other material terms upon which earning of the Award was conditioned have been
satisfied. 
 (f) Other Terms of Award Opportunities and Awards. Subject to the terms of this Plan, the Committee may
specify the circumstances in which Award Opportunities and Awards shall be paid or forfeited in the event of a Change in Control, Separation from Service or other event prior to the end of a Performance Year or settlement of an Award. With respect
to Award Opportunities and Awards subject to Section 5(b), any payments resulting from a Change in Control, death or Disability need not qualify as performance-based compensation under Section 162(m) if authorizing such non-qualifying
payments would not disqualify the Award Opportunity or Award from Section 162(m) qualification in cases in which no Change in Control, death or Disability in fact has occurred. 
  

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 (g) Adjustments. The Committee, in its sole and absolute discretion, is authorized
to make adjustments in the terms and conditions of, and the criteria included in, Award Opportunities in recognition of unusual or nonrecurring events, including acquisitions and dispositions of businesses and assets, affecting the Company and any
Subsidiary, Affiliate or other business unit, or the financial statements of the Company or any Subsidiary or Affiliate, or in response to changes in applicable laws, regulations, accounting principles, tax rates and regulations or business
conditions or in view of the Committee’s assessment of the business strategy of the Company, any Subsidiary or Affiliate or business unit thereof, economic and business conditions, personal performance of a Participant, and any other
circumstances deemed relevant; provided, however, that no such adjustment shall be authorized or made if and to the extent that the existence or exercise of such authority (i) would affect the definition of “Pretax Earnings” so as to
increase the amount thereof; (ii) would cause an Award Opportunity or Award under Section 5(b) intended to qualify as performance-based compensation under Code Section 162(m) and regulations thereunder to fail to so qualify, or
(iii) would cause the Committee to be deemed to have authority to change the targets, within the meaning of Treasury Regulation Section 1.162-27(e)(4)(vi), with respect to Award Opportunities intended to qualify as performance-based
compensation under Code Section 162(m) and regulations thereunder. 
 6. Settlement of Awards. 
 (a) Current and Deferred Portions. The Committee may require or may permit a Participant to elect to defer payment of a percentage
(not less than twenty-five percent (25%)) of an Award (the “Deferred Portion”). Any Award or portion of an Award which the Committee does not require to be deferred, and the Participant does not validly elect to defer, shall be paid
in accordance with Section 6(b) (the “Current Portion”). Any Deferred Portion, and any rights of a Participant to elect deferral, shall be subject to the terms and conditions stated in Section 7(f) and in any Plan Regulations.

 (b) Settlement of Award. Any Current Portion of an Award
shall be paid and settled by the Company promptly after the date of determination by the Committee under Section 5(d) hereof. The Current Portion of any Award shall be paid no later than March 15th of the year following the end of the Performance Year to which the Award relates, except that, in the case of any Award or portion thereof subject to a substantial risk of
forfeiture extending into that following year, the Current Portion may be paid at any time during such following year. 
 (c)
Tax Withholding. The Company and its Subsidiaries and Affiliates shall deduct from any payment in settlement of a Participant’s Award or from any other payment to the Participant, including wages, any Federal, state, or local withholding
or other tax or charge which is then required to be deducted under applicable law with respect to the Award. If any Award is to be settled by delivery of common stock, the Company may, at its election, withhold shares to cover such withholding
taxes. Participants may elect to have the deduction of taxes cover the amount of any applicable tax payable by the Participant in excess of the mandatory withholding tax, with such incremental tax determined on the basis of the highest marginal tax
rate applicable to such Participant, except that if shares of common stock are to be withheld, such shares may be withheld only to the extent of the mandatory withholding taxes. 
  

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 (d) Non-Transferability. An Award Opportunity, any resulting Award, including any
Deferred Portion, and any other right hereunder shall be non-assignable and non-transferable, and shall not be pledged, encumbered, or hypothecated to or in favor of any party or subject to any lien, obligation or liability of the Participant to any
party other than the Company or a Subsidiary or Affiliate, except that a Participant may designate a Beneficiary pursuant to the provisions of Section 8. 
 7. Deferral of Payments. The Deferred Portion of an Award shall be subject to the following, provided, however, that certain provisions of Section 7(f) apply also to the Current Portion of an Award:

 (a) Deferral Accounts. The Company will establish and maintain a Deferral Account in the name of each Participant
whose payment of all or a portion of an Award had been deferred in accordance with Section 6(a). The Deferred Portion of an Award shall be credited to the Deferral Account as of the date that the underlying Award would otherwise have been paid
if such payment had not been deferred. 
 (b) Notional Investment Funds. At such time as may be specified by the
Committee, the Participant shall determine, subject to the approval of the Committee, the portion of his or her Deferred Portion that is to be valued by reference to the Performance Incentive Fixed Income Fund (the “Fixed Income Fund”),
the portion that is to be valued by reference to the Performance Incentive Company Stock Fund (the “Stock Fund”) and the portion that shall be valued by reference to any other fund(s) (collectively, the “Funds”) which may be
established by the Committee for this purpose. The Committee may from time to time determine whether the Fund(s) used to value the Deferral Account of any Participant may be changed from the Fund(s) currently used to any other Fund established for
use under this Plan, subject to Section 7(f). 
 (c) Payments in Settlement of Deferred Portions. Unless otherwise
determined by the Committee, and subject to Section 7(f), payments of a Participant’s Deferred Portions shall be made as follows: Payment of the total value of a Participant’s Deferral Account shall be made to the Participant or, in
case of the death of the Participant prior to the commencement of payments of the Deferral Account, to the Participant’s Beneficiary, in lump sum or in installments (as permitted by the Committee and elected by the Participant in accordance
with Section 7(f)) commencing within 30 days after the Participant shall cease, by reason of a Separation from Service, death or otherwise, to be an employee of the Company or an Affiliate or Subsidiary; provided, however, that the Committee,
in its sole and absolute discretion may, subject to Section 7(f), require, or permit a Participant to elect, that distribution of the Participant’s Deferral Account be made or commence in connection with any of the payment dates or events
permitted under Code Section 409A and set out in Section 7(f)(iii). Certain provisions governing the timing of payment in the event of death are specified in Section 8(a) below. In case of the death of any Participant after the
commencement of installment payments, the then remaining unpaid balance of the Participant’s Deferral Account shall continue to be paid in installments, at such times and in such manner as if such Participant were living, to the
Beneficiary(ies) of the Participant. 
  

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 (d) Conduct of Participant Following Separation from Service. If, following the
date on which a Participant incurs a Separation from Service, the Participant shall at any time either disclose to unauthorized persons confidential information relative to the business of the Company or otherwise act or conduct themselves in a
manner which the Committee shall determine is inimical or contrary to the best interest of the Company, the Company’s obligation to make any further payment with respect to the portion of the Participant’s Deferral Account that is
attributable to mandatory deferrals shall forthwith terminate. The determination of the Committee as to whether an event has occurred resulting in a forfeiture or a termination or reduction of the Company’s obligation in accordance with the
provisions of this Section 7(d) shall be conclusive. 
 (e) Fund Composition and Valuation. Deferral Accounts
under the Plan shall be valued and maintained as follows: 
 (i) In accordance with the provisions, and subject to the
conditions, of the Plan and the Plan Regulations, the Deferral Account established by the Committee shall be valued in reference to the Participants’ notional investments in the Fixed Income Fund, Company Stock Fund, and any other Fund(s)
established under the Plan. Deferral Account balances shall be maintained as dollar values, units or share equivalents, as appropriate, based upon the nature of the Fund. Unless otherwise determined by the Committee, for unit or share-based Funds,
the number of units or shares credited shall be based upon the established unit or share value as of the last day of the quarter preceding the crediting of the Deferred Portion to the Deferral Account. 
 (ii) Investment income credited to Participants’ Deferral Account under the Fixed Income Fund shall be determined by the Committee
based upon the prevailing rates of return experienced by the Company. The Company shall advise Participants of the current valuations of the Fixed Income Fund as appropriate to facilitate deferral decisions, investment choices and to communicate
payout levels. The Company Stock Fund shall consist of units each valued as one share of common stock of the Company (par value $.01). 
 (iii) Nothing contained in the Fund definitions in Sections 7(e)(i) and (ii) shall require the Company to segregate or earmark any cash, shares, or other property to determine Fund values, maintain Participant
Deferral Account levels or for any other purpose. 
 (iv) The establishment of the Fixed Income Fund and the Company Stock
Fund as detailed in Sections 7(e)(i) and (ii) shall not preclude the right of the Committee to direct the establishment of additional investment Funds or to discontinue those Funds. In establishing such Funds, the Committee shall determine the
criteria to be used for determining the value of such Funds. 
 (f) Certain Provisions to Ensure Compliance with Code
Section 409A. Other provisions of the Plan notwithstanding, the terms of any Deferred Portion (which term includes earnings thereon), including any authority of the Company and rights of the 

  

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Participant with respect to the Deferral Account or any Deferred Portion, shall be subject to the following additional terms and conditions: 
 (i) Deferral Elections. If a Participant is permitted to elect the time or form of payment (lump sum or installments) of a Deferred
Portion, the Participant may make such election only by filing a valid written election, on such form as the Committee may require. Such election must be received by the Company not later than the following election deadlines: 
 (A) General Rule. The election must be received by the Company no later than six (6) months before the end of the applicable
Performance Year, provided that (i) the Participant was employed continuously from the later of the first day of the Performance Year or the date on which the Award Opportunity was established through the date of election, (ii) the
election must be made before such compensation has become readily ascertainable (i.e., substantially certain to be paid), (iii) the Performance Year is a full year in length (and not a partial year) and the Award Opportunity was
established no later than ninety (90) days after the start of the Performance Year. 
 (B) Other Cases. In all other cases for which the Committee permits the Participant to elect the time or form of payment of a Deferred Portion, the election must be received by the Company no later than
December 31st of the year preceding the Performance Year. 
 (ii) Required Deferrals. In the event that the Committee determines that the payment of all or a portion of an Award shall be
automatically deferred, without providing the Participant with the opportunity to elect the time and form of such payment, the Committee must set forth in writing the time and form of payment of the Deferred Portion no later than the later of
(i) the date of grant or (ii) the date by which the Participant would have been required to submit his or her election under Section 7(f)(i) above had the Committee permitted such Participant to make such election. 
 (iii) Distribution. Except as provided in Section 7(f)(vi) hereof, no Deferred Portion shall be distributable to a Participant
(or his or her beneficiary) except upon the occurrence of one of the following dates or events (or a date related to the occurrence of one of the following dates or events), which must be specified either in a written document governing such
Deferred Portion or in the written election submitted by the Participant in respect of such Deferred Portion: 
 (A)
Specified Time. A specified time or a fixed schedule. 
 (B) Separation from Service. The Participant’s Separation
from Service; provided, however, that if the Participant is a Section 409A Specified Employee as of the date of his or her Separation from Service and any of the Company’s stock is publicly traded on an established securities market or
otherwise, the Company shall withhold payment of any Deferred Portion that becomes payable to such Section 409A Specified Employee on account of his or her Separation form Service until the first day of the seventh month following such
Separation from Service or, if earlier, the date of his or her death. In 

  

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the case of installments, this delay shall not affect the timing of any installment otherwise payable after the six-month delay period. 
 (C) Death. The death of the Participant. 
 (D) Disability. The date the Participant incurs a Disability. 
 (E) Change in Control. The occurrence of a Change in Control. 
 (iv) Separate Payments. For purposes of Code Section 409A and this Section 7(f), the Current Portion and the Deferred
Portion of each Award for each Performance Year, and installments payable as the Deferred Portion, each shall be deemed a “separate payment” within the meaning of Treasury Regulation Section 1.409A-2(b)(2). 
 (v) Changes in Distribution Terms. The Committee may, in its discretion, require or permit on an elective basis a change in the
time and/or form of payment of a Deferred Portion after the dates specified in Sections 7(f)(i)(A) and (B) above, subject to the following conditions, which may not be waived by the Committee: 
 (A) Such election or Committee determination must be in writing and must be made, if at all, no less than twelve (12) months prior to
the originally scheduled payment date set out in the applicable Award documents or the Participant’s most recent payment election; 
 (B) Such election or Committee determination shall not be valid and take effect until at least twelve (12) months after the date on which the election or determination is made; and 
 (C) Except with respect to an election to receive payment upon Disability, death or an Unforeseeable Emergency, the first scheduled
payment must be deferred pursuant to the election for a period of at least five (5) years from the original payment date set out in the applicable Award document or the Participant’s most recent payment election. 
 (vi) No Acceleration. The distribution of a Deferred Portion may not be accelerated prior to the time specified in accordance with
Section 7(f)(iii) hereof, except in the case of one of the following events: 
 (A) Unforeseeable Emergency. The
Committee may permit accelerated payment of a Deferred Portion upon the occurrence of an Unforeseeable Emergency, but only if the net amount payable upon such settlement does not exceed the amounts necessary to relieve such emergency plus amounts
necessary to pay taxes reasonably anticipated as a result of the settlement, after taking into account the extent to which the emergency is or may be relieved through reimbursement or compensation from insurance or otherwise or by liquidation of the
Participant’s other assets (to the extent such liquidation would not itself cause severe financial hardship), or by cessation of deferrals under the Plan. Upon a finding that an Unforeseeable Emergency has occurred with respect to a
Participant, any election by the Participant to defer payment of all or a portion of an Award that will be earned and vested in whole or part by services performed during the year in which the 

  

 12 

 
Unforeseeable Emergency occurred or is found to continue will be immediately cancelled, as provided in Treasury Regulation Section 1.409A-3(j)(4)(viii).

 (B) Domestic Relations Order. The Committee may permit accelerated payment of a Deferred Portion to the extent
necessary to comply with the terms of a domestic relations order (as defined in Code Section 414(p)(1)(B) of the Code), as provided in Treasury Regulation Section 1.409A-3(j)(4)(ii). 
 (C) Conflicts of Interest. The Committee may permit accelerated payment of a Deferred Portion to the extent necessary to comply
with a Federal, state, local or foreign ethics law or conflict of interest law, as provided in Treasury Regulation Section 1.409A-3(j)(4)(iii)(B). 
 (D) Payment of Employment Taxes. The Committee may permit accelerated payment of a Deferred Portion to the extent necessary to enable the Participant to satisfy applicable Federal employment tax obligations, as
provided in Treasury Regulation Section 1.409A-3(j)(4)(iv). 
 (E) Other Permitted Accelerations. The Committee
may exercise the discretionary right to accelerate the vesting of any unvested compensation deemed to be a Deferred Portion upon Change in Control or to terminate the Plan upon or within twelve (12) months after such Change in Control and make
distributions to the extent permitted under Treasury Regulation Section 1.409A-3(j)(4)(ix), or accelerate payment of any such Deferred Portion in any other circumstance permitted under Treasury Regulation Section 1.409A-3(j)(4).

 (vii) Timing of Distributions. Except as otherwise provided in Section 8(a) with respect to Awards that become
payable on account of a Participant’s death, unless the applicable Award document, or written election submitted by the Participant in respect of such Deferred Portion provides a specific date following any of the other permissible payment
events set out in Section 7(f)(iii) upon which payment of the Deferred Portion shall be made or commence, such payment shall be made or commence within sixty (60) days after the occurrence of the applicable payment event; provided,
however, that where such sixty (60) day period begins and ends in different tax years, the Participant shall have no right to designate the tax year in which payment will be made (other than pursuant to an election that satisfies the
requirements of Section 7(f)(v)). 
 (viii) Scope and Application of this Provision. For purposes of this
provision, references to a term or event (including any authority or right of the Company or a Participant) being “permitted” under Code Section 409A mean that the term or event will not cause the Participant to be deemed to be in
constructive receipt of compensation relating to the Deferred Portion prior to the distribution of cash, shares or other property or to be liable for payment of interest or a tax penalty under Code Section 409A. 
 (ix) Release or Other Separation Agreement. If the Company requires a Participant to execute a release, non-competition, or other
agreement as a condition to receipt of a payment upon or following a Separation from Service, the Company will supply to the Participant a form of such release or other document not later than the date of the Participant’s Separation from
Service, which must be returned within the time period required by law and must not be revoked by the Participant within the applicable 

  

 13 

 
time period in order for the Participant to satisfy any such condition. If any amount payable during a fixed period following Separation from Service is
subject to such a requirement and the fixed period would begin in one tax year and end in the next, the Company, in determining the time of payment of any such amount, will not be influenced by the timing of any action of the Participant including
execution of such a release or other document and expiration of any revocation period. In particular, the Company will be entitled in its discretion to deposit any such payment in escrow during either tax year comprising such fixed period, so that
such deposited amount is constructively received and taxable income to the Participant upon deposit but with distribution from such escrow remaining subject to the Participant’s execution and non-revocation of such release or other document.

 (x) Limitation on Setoffs. No setoff by the Company to satisfy any obligation of the Participant to the Company is
permitted against a Deferral Account except at the time of distribution of such Deferral Account. 
 (xi) Special
Disability Provision. In case of a Disability of a Participant, for any Deferred Portion the Company shall determine whether there has occurred a Separation from Service based on Participant’s circumstances, in which case such Disability
will be treated as a Separation from Service for purposes of determining the time of payment of such Deferred Portion. The Company’s determination hereunder will be made initially within thirty (30) days after the Disability and each March
and December thereafter. 
 8. Designation of and Payments to Beneficiaries. 
 (a) Distributions in the Event of Death. If a Participant has died and then or thereafter a Current or Deferred Portion becomes
distributable to the Participant, such payment will be distributed to the Participant’s Beneficiary; provided, however, that an individual or trust will be deemed a Beneficiary only if he, she or it is surviving or in existence on the date of
death of the Participant and if the Participant has designated such individual or trust as a Beneficiary in his or her most recent written and duly filed Beneficiary designation (i.e., any new Beneficiary designation under the Plan cancels a
previously filed Beneficiary designation). If no Beneficiary is living or in existence at the time of Participant’s death, any subsequent payment will be distributable to the person or persons in the first of the following classes of successive
preference: 
 (i) widow or widower, if then living; 
 (ii) surviving children, equally; 
 (iii) surviving parents, equally; 
 (iv) surviving brothers and sisters, equally; and

 (v) executors or administrators; 
  

 14 

 and the term “Beneficiary” as used in the Plan shall include such individuals. In case of the
death of a Participant, any Current or Deferred Portion will be made to the estate (or, in the case of installments, commence) within thirty (30) days after the Participant’s death. The representatives of the Participant’s estate
shall be obligated to provide to the Company such documentation as the Committee may reasonably require, but in any event distribution hereunder may not be delayed beyond the end of the year in which the specified payment date falls (and the Current
Portion must be paid, in any event, no later than March 15 of the calendar year following the year in which the death occurs). If the Participant dies after the commencement of installment payments, the then remaining unpaid balance of Deferred
Portions shall continue to be paid in installments, at such times and in such manner as if such Participant were living, to the Beneficiary(ies). 
 (b) Terms and Conditions Applicable to a Beneficiary. A Beneficiary, transferee, or other person claiming any rights under the Plan from or through any Participant shall be subject to all terms and conditions
of the Plan and any Award document applicable to such Participant, except as otherwise determined by the Committee, and to any additional terms and conditions deemed necessary or appropriate by the Committee. 
 9. Additional Forfeiture Provisions Applicable to Awards. Awards shall be subject to the Company’s policy providing that the Company will, to
the extent permitted by governing law, require reimbursement of any bonus paid to executive officers and certain other officers where: (i) the payment was predicated upon the achievement of certain financial results that were subsequently the
subject of a restatement, (ii) in the Board’s view the Participant engaged in misconduct that caused or partially caused the need for the restatement, and (iii) a lower payment would have been made to the Participant based upon the
restated financial results. In each such instance, the Company will seek to recover the Participant’s entire Award for the relevant period, plus a reasonable rate of interest. Any successor or additional policy in effect at the date an Award is
determined shall apply to such Award. 
 10. General Provisions. 
 (a) Changes to this Plan. The Committee may at any time amend, alter, suspend, discontinue or terminate this Plan, and such action
shall not be subject to the approval of the Company’s stockholders or Participants; provided, however, that any amendment to the Plan beyond the scope of the Committee’s authority shall be subject to the approval of the Board; provided
further, that any amendment to the Plan shall be subject to stockholder approval if and to the extent required so that Award Opportunities and Awards under Section 5(b) can continue to qualify as performance-based compensation under Code
Section 162(m), and provided further, that, without the consent of the Participant, no such action shall materially impair the rights of a Participant with respect to an Award as to which the Committee no longer retains a right to exercise
negative discretion to eliminate the payment in settlement of the Award. 
 (b) Participant Acceptance of Plan and Award
Term. By accepting any Award or other benefit under the Plan, a Participant and each person claiming under or through him or her shall be conclusively deemed to have accepted, ratified and consented to any action taken or made under the Plan by
the Company, the Board, BMS, the Committee or any other committee appointed by the Board, and to have agreed to all terms and conditions under the Plan and otherwise specified in connection with such Award. 
  

 15 

 (c) Section 162(m) of the Code. Unless otherwise determined by the Committee,
the provisions of this Plan shall be administered and interpreted in accordance with the applicable requirements of Code Section 162(m) so as to ensure the deductibility by the Company of payments in settlement of Awards to Covered Employees.

 (d) Unfunded Status of Participant Rights. Award Opportunities, Awards, Deferral Accounts, Deferred Portions, and
related rights of a Participant under the Plan represent unfunded deferred compensation obligations of the Company for purposes of the Employee Retirement Income Security Act of 1974, as amended, (“ERISA”) and federal income tax purposes
and, with respect thereto, the Participant shall have rights no greater than those of an unsecured general creditor of the Company. 
 (e) Nonexclusivity of the Plan. The adoption of this Plan shall not be construed as creating any limitations on the power of the Company, Board or Committee to adopt such other compensation arrangements as it may deem desirable for
any Participant or non-participating employee, including authorization of annual incentives under other plans and arrangements. 
 (f) No Right to Continued Employment. Neither the Plan, its adoption, its operation, nor any action taken under the Plan shall be construed as giving any employee the right to be retained or continued in the employ of the Company or
any Subsidiary or Affiliate, nor shall it interfere in any way with the right and power of the Company or any Subsidiary or Affiliate to dismiss or discharge any employee or take any action that has the effect of terminating any employee’s
employment at any time. 
 (g) Severability. The invalidity of any provision of the Plan or a document hereunder shall
not be deemed to render the remainder of this Plan or such document invalid. 
 (h) Successors. The Company shall
require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise, and whether or not the corporate existence of the Company continues) to all or substantially all of the business and/or assets of the Company to
expressly assume and agree to perform the Company’s obligations under the Plan in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place; provided, however, that such
successor may replace the Plan with a Plan substantially equivalent in opportunity and achievability, as determined by a nationally recognized compensation consulting firm, and covering the persons who were Participants at the time of such
succession. Any successor and the ultimate parent company of such successor shall in any event be subject to the requirements of this Section 10(h) to the same extent as the Company. Subject to the forgoing, the Company may transfer and assign
its rights and obligations hereunder. 
 (i) Governing Law. The validity, construction, and effect of the Plan and any
rules and regulations or document hereunder, to the extent not otherwise governed by the Code or the laws of the United States, shall be determined in accordance with the laws of the State of New York, without giving effect to conflict of law
principles. 
  

 16 

 (j) Effective Date of Plan; Stockholder Approval; Termination of Plan. The Plan is
effective as of December 5, 2008, subject to the approval of the Plan by the affirmative votes of the holders of a majority of the voting securities of the Company present, or represented, and entitled to vote on the subject matter at the duly
held meeting of the Company’s stockholders coincident with or next following such date, provided that the total vote cast on the proposal represents over fifty percent (50%) in interest of all securities entitled to vote on the proposal.
The Plan will terminate at such time as may be determined by the Board. 
  

 17Benefit Equalization Plan-Retirement Plan

 Exhibit 10.31 
 MEAD JOHNSON & COMPANY 
 BENEFIT EQUALIZATION PLAN—RETIREMENT PLAN 
 (Effective as of February 9, 2009) 

 TABLE OF CONTENTS 
  

							
	 	  	 	  	 	  	Page
	I.	  	Definitions	  	1
		  	A.	  	“Beneficiary”	  	1
		  	B.	  	“Benefits Committee”	  	1
		  	C.	  	“BEP Benefit(s)” or “Benefit(s)”	  	1
		  	D.	  	“BEP—Savings Plan”	  	1
		  	E.	  	“Board of Directors”	  	1
		  	F.	  	“Claims Appeal Guidelines”	  	1
		  	G.	  	“Code”	  	1
		  	H.	  	“Company”	  	2
		  	I.	  	“Compensation Committee”	  	2
		  	J.	  	“Credited Service”	  	2
		  	K.	  	“Early Retirement Date”	  	2
		  	L.	  	“Effective Date”	  	2
		  	M.	  	“ERISA”	  	2
		  	N.	  	“Final Average Compensation”	  	2
		  	O.	  	“Normal Retirement Date”	  	2
		  	P.	  	“Participant”	  	2
		  	Q.	  	“Participating Employer”	  	2
		  	R.	  	“Performance Incentive Plan”	  	2
		  	S.	  	“Plan”	  	3
		  	T.	  	“Prior BMS Plan”	  	3
		  	U.	  	“Puerto Rico Plan”	  	3
		  	V.	  	“Regular Full-Time Employee”	  	3
		  	W.	  	“Retirement Plan”	  	3
		  	X.	  	“Retirement Plans”	  	3
		  	Y.	  	“Rule of 70 Treatment”	  	3
		  	Z.	  	“Savings Plan”	  	3
		  	AA.	  	“Separation From Service”	  	3
		  	BB.	  	“Specified Employee”	  	4
			
	II.	  	Purpose and History of the Plan	  	4
			
	III.	  	Eligibility and Participation in the Plan	  	5
		  	A.	  	Eligible Participants	  	5
		  	B.	  	Cessation of Participation	  	5
			
	IV.	  	Calculation of Benefits	  	5
		  	A.	  	Amount of BEP Benefit	  	5
		  	B.	  	Service Limitations	  	6
		  	C.	  	Actuarial Assumptions	  	6
		  	D.	  	Reduction for Early Commencement	  	7

  

 i 

							
	V.	  	Vesting	  	7
			
	VI.	  	Time and Form of Payment of Benefits	  	7
		  	A.	    	Plan Payments	  	7
		  	B.	    	De Minimis Lump Sum	  	9
		  	C.	    	Specified Employees	  	10
		  	D.	    	Payment of Benefits in the Event of the Participant’s Death	  	10
		  	E.	    	Other Permissible Payment Events	  	12
		  	F.	    	No Post-Separation Elections	  	12
		  	G.	    	Reemployment	  	13
			
	VII.	  	Administration of the Plan	  	14
		  	A.	    	Administration	  	14
		  	B.	    	Delegation	  	14
		  	C.	    	Limitation of Liability	  	14
		  	D.	    	Indemnification	  	15
		  	E.	    	Claims Procedure	  	15
		  	F.	    	Expense	  	15
			
	VIII.	  	General Provisions	  	16
		  	A.	    	Termination of the Plan	  	16
		  	B.	    	Plan Not a Contract of Employment	  	17
		  	C.	    	Amendment	  	17
		  	D.	    	Funding	  	17
		  	E.	    	Withholding Taxes	  	18
		  	F.	    	Compliance with Code Section 409A	  	19
		  	G.	    	Construction	  	20
		  	H.	    	Successors and Assigns	  	20
			
	IX.	  	Effective Date	  	21

  

 ii 

 MEAD JOHNSON & COMPANY 
 BENEFIT EQUALIZATION PLAN—RETIREMENT PLAN 
 (Effective as of February 9,
2009) 
 I. Definitions. 
 Unless the context or subject matter otherwise requires, the definitions set forth in this Section I shall govern in this Plan (as herein defined). Notwithstanding anything herein to the contrary, to the extent capitalized terms in this
Plan conflict with such terms in either of the Retirement Plans (as herein defined), the terms of the Retirement Plans shall control. 
 A.
“Beneficiary” shall mean the person entitled to receive payments under the Plan in the event of the Participant’s death, determined in accordance with Section VI.D. 
 B. “Benefits Committee” shall mean the committee appointed by the Board of Directors to administer this Plan. The Benefits Committee shall
serve as Plan Administrator of the Plan. 
 C. “BEP Benefit(s)” or “Benefit(s)” shall mean the benefit described in
Section IV.A. of this Plan. 
 D. “BEP—Savings Plan” shall mean the Mead Johnson & Company Benefit Equalization
Plan—Retirement Savings Plan, as amended from time to time. 
 E. “Board of Directors” shall mean the Board of Directors of
the Company. 
 F. “Claims Appeal Guidelines” shall mean the Claims Appeal Guidelines for the Mead Johnson & Company
Retirement Savings Plan and the Mead Johnson & Company Benefit Equalization Plan—Retirement Plan, attached hereto as Exhibit A, and as amended from time to time. 
 G. “Code” shall mean the Internal Revenue Code of 1986, as amended. 

 H. “Company” shall mean Mead Johnson & Company and any successor or successors
thereof. 
 I. “Compensation Committee” shall mean the Compensation Committee of the Board of Directors. 
 J. “Credited Service” shall have the meaning set forth for such term in the Retirement Plan or the Puerto Rico Plan, as applicable, and as
amended from time to time. 
 K. “Early Retirement Date” shall have the meaning set forth for such term in the Retirement Plan or
the Puerto Rico Plan, as applicable, and as amended from time to time. 
 L. “Effective Date” shall mean February 9, 2009,

 M. “ERISA” shall mean the Employee Retirement Income Security Act of 1974, as amended. 
 N. “Final Average Compensation” shall have the meaning set forth for such term in the Retirement Plan or the Puerto Rico Plan, as applicable,
and as amended from time to time. 
 O. “Normal Retirement Date” shall mean the first day of the month coinciding with or next
following the Participant’s 65th birthday. 
 P. “Participant” shall mean each participant in this Plan, as determined in
accordance with Article III. 
 Q. “Participating Employer” means any corporation participating in either of the Retirement Plans.

 R. “Performance Incentive Plan” shall mean the Mead Johnson Nutrition Company Senior Executive Performance Incentive Plan and/or
the Mead Johnson Nutrition Company Performance Incentive Plan, as each may be amended from time to time. 
  

 2 

 S. “Plan” shall mean the Mead Johnson & Company Benefit Equalization
Plan—Retirement Plan, as set forth herein, and as amended from time to time. 
 T. “Prior BMS Plan” shall mean the
Bristol-Myers Squibb Company Benefit Equalization Plan—Retirement Income Plan, as amended and restated effective January 1, 2008, as in effect on the day immediately preceding the Effective Date, which is attached hereto as Exhibit B.

 U. “Puerto Rico Plan” shall mean the Mead Johnson (Puerto Rico) Inc. Retirement Plan, and as amended from time to time.

 V. “Regular Full-Time Employee” shall have the meaning set forth for such term in the Retirement Plan or the Puerto Rico Plan,
as applicable, and as amended from time to time. 
 W. “Retirement Plan” shall mean the Mead Johnson & Company Retirement
Plan, and as amended from time to time. 
 X. “Retirement Plans” shall mean collectively the Retirement Plan and the Puerto Rico
Plan. 
 Y. “Rule of 70 Treatment” shall occur upon a Participant’s eligibility for Rule of 70 benefits under the terms and
conditions of the Retirement Plan or the Puerto Rico Plan, as applicable. 
 Z. “Savings Plan” shall mean the Mead
Johnson & Company Retirement Savings Plan, as amended from time to time. 
 AA. “Separation From Service” shall mean a
Participant’s voluntary or involuntary severance of employment with the Company, except by reason of temporary absence, death or transfer to an affiliate or subsidiary of the Company; provided, however, that for purposes of the
Plan, a Separation From Service shall not occur until the date that a Participant experiences a “separation from service” from the Company and all affiliates and subsidiaries of the Company, within the meaning of Code
Section 409A(a)(2)(A)(i) and Treas. Reg. Section 1.409A-1(h). 
  

 3 

 BB. “Specified Employee” shall mean a “specified employee” within the meaning of Code
Section 409A(a)(2)(B)(i) and U.S. Treasury regulation Section 1.409A-1(h), as determined annually under the Company’s administrative procedure for such determinations for purposes of all plans subject to Code Section 409A.

 II. Purpose and History of the Plan. 
 The purpose of this Plan is to provide benefits for certain Regular Full-Time Employees participating in the Retirement Plan or the Puerto Rico Plan whose benefits under the Retirement Plans are or will be limited by application of ERISA
and Sections 401(a)(17) and 415 of the Code. The Plan is intended to be an unfunded “excess benefit plan” as that term is defined in Section 3(36) of ERISA with respect to those Participants whose benefits under the Retirement Plans
have been limited by Section 415 of the Code, and a “top hat” plan meeting the requirements of Sections 201(2), 301(a)(3), 401(a)(1) and 4021(b)(6) of ERISA with respect to those Participants whose benefits under the Retirement Plans
have been limited by Section 401(a)(17) of the Code. 
 Effective as of the Effective Date, the Company assumed the obligations to pay,
under this Plan, all benefits accrued under the Prior BMS Plan with respect to all Regular Full-Time Employees who were active participants in the Prior BMS Plan as of the day immediately preceding the Effective Date, and all benefits accrued by
such Regular Full-Time Employees under the Prior BMS Plan prior to the Effective Date continue to be accrued under this Plan. 
  

 4 

 III. Eligibility and Participation in the Plan. 
 A. Eligible Participants. Each Regular Full-Time Employee who is a member of a Retirement Plan and who was an active participant in the Prior BMS
Plan as of the day immediately preceding the Effective Date shall be a Participant in the Plan as of the Effective Date. Each other Regular Full-Time Employee who is member of a Retirement Plan and who is employed by a Participating Employer shall
be eligible to participate in this Plan and shall become a Participant in this Plan when (1) his benefit under the applicable Retirement Plan would exceed the limitations on benefits imposed by Section 415 of the Code calculated from and
after September 2, 1974, (2) any portion of his “annual rate of compensation” as defined in the Retirement Plan or the Puerto Rico Plan, as applicable, would be excluded from his Final Average Compensation determined under the
Retirement Plan by reason of the application of Section 401(a)(17) of the Code and/or (3) he participates in the Performance Incentive Plan. 
 B. Cessation of Participation. Participation in the Plan shall terminate upon the Participant’s Separation From Service, except, however, that an individual who is entitled to receive Benefits under the
Plan after his or her Separation From Service will continue to be treated as a Participant (other than for Benefit accrual purposes) until his or her full Benefits have been paid or forfeited. 
 IV. Calculation of Benefits. 
 A. Amount of
BEP Benefit. The BEP Benefit payable under the Plan shall be an amount equal to the excess, if any, of (1) over (2), where 
 (1) equals the benefit that would have been payable to, or with respect to, such Participant under the applicable Retirement Plan determined (a) without regard to the limitations imposed by Sections 415 and 401(a)(17) of the Code,
(b) by including in 

  

 5 

 
his “annual rate of compensation” for purposes of determining Final Average Compensation under such Retirement Plan elective deferrals under the
Savings Plan but which, due to Code Section 415 and/or 401(a)(17) limitations, were, in accordance with the Participant’s election, credited to the BEP—Savings Plan, and (c), in the case of a Participant who also participates in the
Performance Incentive Plan, by recalculating his “annual rate of compensation” for each year, for purposes of determining Final Average Compensation under such Retirement Plan, by substituting for the cash award paid under the Performance
Incentive Plan during such calendar year, the cash award earned by such Participant under the Performance Incentive Plan for such calendar year, if such amount is greater, without regard to the calendar year in which such payment is made; provided,
however, that for purposes of clause (c) above, any performance incentive award for the calendar year in which the Participant’s Separation From Service occurs shall be assumed to be fully earned as though all performance goals and other
conditions to full payment had been attained as of the date such Separation From Service occurs; and 
 (2) equals the actual
benefit payable to such Participant or his beneficiary under the applicable Retirement Plan. 
 B. Service Limitations. The amount
paid to, or with respect to, a Participant who is grade levels E07 and above shall be determined without limiting his total years of service to 40 years. 
 C. Actuarial Assumptions. The Benefits determined under this Section IV shall be calculated utilizing the same actuarial assumptions used to compute the Participant’s Retirement Plan benefit payments or
such other assumptions as may be determined by the Benefits Committee from time to time. 
  

 6 

 D. Reduction for Early Commencement. Notwithstanding anything herein to the contrary, if Benefits
hereunder commence prior to a Participant’s Normal Retirement Date, then the Benefits paid hereunder shall be reduced applying the same terms and conditions applicable to commencement of Benefits prior to the Participant’s Normal
Retirement Date under the applicable Retirement Plan. 
 V. Vesting. 
 A Participant shall become vested in his Benefits at the same time and to the same extent as such Participant becomes vested in his benefit under the
applicable Retirement Plan (or upon becoming a Participant in this Plan, if later). 
 VI. Time and Form of Payment of Benefits. 
 A. Plan Payments. A Participant’s BEP Benefits shall be payable to the Participant in the default form of payment set forth in Section VI.A.1.
herein, unless the Participant is either eligible to retire under the applicable Retirement Plan or satisfies the eligibility requirements for Rule of 70 Treatment as of the date of his Separation From Service and the Participant makes a timely
election for an alternative form of payment in accordance with Section VI.A.2. herein. 
 1. Default Form of Payment. A
Participant who, as of the date of his Separation From Service either (A) is not eligible to retire under the applicable Retirement Plan, (B) does not satisfy the eligibility requirements for Rule of 70 Treatment or (C) is eligible to
retire under the applicable Retirement Plan or satisfies the eligibility requirements for Rule of 70 Treatment but does not make a timely election pursuant to Section VI.A.2. herein shall receive his accrued and vested BEP Benefits, subject to
Section VI.C. herein, in a cash lump sum payment. The amount of such lump sum payment shall be determined as of (and such lump sum payment shall be made on or about) the first day of the month following such Participant’s Separation From
Service. 
  

 7 

 2. Alternative Form of Payment. A Participant who, as of the date of his
Separation From Service is either eligible to retire under the applicable Retirement Plan or satisfies the eligibility requirements for Rule of 70 Treatment shall be permitted to elect to receive his accrued and vested BEP Benefits as a lump sum
credit to such Participant’s BEP—Savings Plan account, provided that such election is made under this Plan or the Prior BMS Plan no later than 12 months prior to such Participant’s Separation From Service. A Participant
electing the alternative form of payment under this Section VI.A.2. may not make any subsequent elections. 
 3.
BEP—Savings Plan Elections. A Participant who elects to receive his BEP Benefits in the form of a credit to his BEP—Savings Plan account in accordance with Section VI.A.2. must also elect, pursuant to the terms of the
BEP—Savings Plan, (a) the date that payments will commence from the BEP—Savings Plan, and (b) whether the payment will be made from the BEP—Savings Plan in a lump sum or in annual installments of two to 15 years. Any such
elections under this Section VI.A.3. must comply with the subsequent deferral election requirements set out in Section VI.A.5. below. 
 4. Prior Elections. In the case of a Participant who, at the time of his Separation From Service, is eligible to retire under the applicable Retirement Plan or satisfies the eligibility requirements for Rule of
70 Treatment, and who, prior to January 1, 2007, made a timely election under the Prior BMS Plan regarding the form of payment of his BEP Benefits (i.e., such election was made at least twelve months prior to Separation From Service),
such election shall continue to apply to such Participant’s 

  

 8 

 
accrued and vested BEP Benefits under this Plan unless the Participant makes an election under this Plan or the Prior BMS Plan no later than 12 months prior
to such Participant’s Separation From Service to change the form of payment to a lump sum credit to the BEP-Savings Plan. Any such election to change the form of payment to a lump sum credit to the BEP-Savings Plan shall apply to all of the
Participant’s BEP Benefits, including the portions of such Benefits accrued and vested under the Prior BMS Plan prior to, and on or after, January 1, 2005. 
 5. Subsequent Deferral Elections. Any election under Section VI.A.2 to change from the default form of payment, or under Section
VI.A.4 to change a prior payment election, to a lump sum credit to such Participant’s BEP—Savings Plan must satisfy each of the following requirements: 
 a. Such election must be made no later than 12 months prior to the date such Participant’s Separation From Service occurs; 
 b. Such election will not be valid and effective until 12 months after it is received by the Plan Administrator; and 
 c. Such election must provide for a payment commencement date under the BEP-Savings Plan that is at least five years later than the date the distribution otherwise would have been made under the default payment terms or prior payment
election. 
 B. De Minimis Lump Sum. Notwithstanding any provision of the Plan or payment election of a Participant to the contrary,
if the present value of the vested Benefits of a Participant is less than $10,000 as of the date of his Separation From Service, such vested BEP Benefits shall be paid to or in respect of the Participant in a single lump sum on or about the first
day of the month following such Participant’s Separation From Service. 
  

 9 

 C. Specified Employees. Notwithstanding any provision of the Plan or payment election of a
Participant to the contrary, if a Participant is a Specified Employee on the date of his Separation From Service, payment of his BEP Benefit shall occur no earlier than the date that is six-months after the Participant’s Separation From Service
(unless such Participant dies, in which event the accrued and vested BEP Benefits shall be payable in accordance with Section VI.D. hereof). Any portion of the vested BEP Benefits that would otherwise be paid to a Specified Employee prior to the end
of such six-month period shall be paid (together with interest accrued from the originally scheduled payment date until the first day of the seventh month following the Participant’s Separation From Service at the interest rate being used to
determine lump-sum payment options under the applicable Retirement Plan) on the first day of the month that begins coincident with or next following the six-month anniversary of the Participant’s Separation From Service. 
 D. Payment of Benefits in the Event of the Participant’s Death. Upon the death of a Participant prior to payment of all of his accrued and
vested BEP Benefits, the survivor portion of the Participant’s BEP Benefit shall be paid to his joint annuitant or Beneficiary as follows: 
 1. Pre-Retirement Death Benefit. In the event of the death of a Participant prior to commencement of his BEP Benefit, the Participant’s Beneficiary shall be the individual, if any, who is entitled to
receive a qualified pre-retirement survivor annuity or qualified pre-early retirement survivor annuity under the applicable Retirement Plan and such Beneficiary, if any, shall be entitled to receive a pre-retirement death benefit under this Plan
equal to 50% of the Participant’s vested BEP Benefit. Such pre-retirement death benefit shall be payable to the Beneficiary as follows: 
 a. If the Participant’s death occurs prior to the date that the Participant would have been
eligible to retire under the applicable Retirement Plan or would have satisfied the eligibility requirements for Rule of 70 Treatment, then the pre-retirement death benefit shall be paid to the Beneficiary in the form of a single lump sum payment no
later than the later of December 31 of the calendar year that includes the date of the Participant’s death or the 15th day of the third
calendar month following the date of the Participant’s death. 
  

 10 

 b. If the Participant’s death occurs after
the date that the Participant is eligible to retire under the applicable Retirement Plan or satisfies the eligibility requirements for Rule of 70 Treatment, then the pre-retirement death benefit shall be paid to the Beneficiary in the form of a
single lump sum payment no later than the later of December 31 of the calendar year that includes the date of the Participant’s death or the 15th day of the third calendar month following the date of the Participant’s death unless prior to his death the Participant elected pursuant to Section VI.A.2. to receive his BEP Benefit in the form of a lump sum credit to his BEP-Savings
Plan Account, in which case the pre-retirement death benefit shall be paid as a lump sum credit to the Participant’s BEP-Savings Plan account no later than the later of December 31 of the calendar year that includes the date of the
Participant’s death or the 15th day of the third calendar month following the date of the Participant’s death. 
  

 11 

 2. Post-Retirement Survivor Annuities. If the Participant’s death occurs
after commencement of his BEP Benefit and the Participant’s BEP Benefit is payable in the form of a joint and survivor annuity, the Participant’s joint annuitant shall be determined as follows: 
 a. If the Participant has designated a joint annuitant under the applicable Retirement Plan, such person shall be deemed the joint annuitant for purposes
of this Plan. 
 b. If the Participant has not designated a joint annuitant under such Retirement Plan, or if no such joint annuitant is
living at the time of the Participant’s death, the joint annuitant for purposes of this Plan shall be the person or persons who would otherwise be entitled to receive a distribution of the Participant’s Retirement Plan benefits in the
event of the Participant’s death. 
 Payment to one or more of such persons shall completely discharge the Plan with respect to the
amount so paid. 
 E. Other Permissible Payment Events. Benefits under the Plan may be paid if and to the extent reasonably necessary
to permit the Participant to avoid the violation of an applicable Federal, state, local or foreign ethics law or conflicts of interest law within the meaning of final Treas. Reg. Section 1.409A-3(j)(4)(iii)(B). 
 F. No Post-Separation Elections. Notwithstanding anything herein to the contrary, a Participant may not make any election(s) regarding the time
and form of the payment of his Benefits subsequent to his Separation From Service. 
  

 12 

 G. Reemployment. 
 1. If a Participant’s Benefits have not been fully distributed under the Plan and the Participant commences re-employment with a
Participating Employer or a subsidiary or affiliate of the Company, Benefits shall continue to be paid to the Participant in accordance with his payment election and in accordance with the terms of this Plan. Upon commencement of such re-employment
with a Participating Employer, the Participant will accrue additional Benefits in accordance with the terms of this Plan as it relates to all service with his Participating Employers (pre and post re-employment); provided, however,
that, upon the Participant’s subsequent Separation From Service, the Participant’s Benefits will be offset by the value of Benefits previously paid, if any. The form of payment of the Participant’s Benefits after the subsequent
Separation From Service shall be determined in accordance with the Plan provisions applicable to Separations From Service that occur on the date the subsequent Separation From Service occurs, notwithstanding any prior election made by the
Participant. 
 2. If a Participant’s Benefits have been paid in a lump sum or have been credited to the BEP-Savings
Plan, and the Participant commences re-employment with a Participating Employer or a subsidiary or affiliate of the Company, the Participant, upon commencement of such re-employment with a Participating Employer, will accrue additional Benefits in
accordance with the terms of this Plan as it relates to all service with his Participating Employers (pre and post re-employment); provided, however, that, upon the Participant’s subsequent Separation From Service, the
Participant’s Benefits will be offset by the value of Benefits previously paid or credited to the BEP-Savings Plan. The form of payment of the Participant’s Benefits after the subsequent Separation From Service shall be determined in
accordance with the Plan provisions applicable to Separations From Service that occur on the date the subsequent Separation From Service occurs, notwithstanding any prior election made by the Participant. 
  

 13 

 VII. Administration of the Plan. 
 A. Administration. The Benefits Committee shall administer this Plan. As Plan Administrator, the Benefits Committee shall have full discretionary
authority to determine all questions arising in connection with the Plan, including its interpretation, application and administration, may adopt procedural rules, and may employ and rely on such legal counsel, such actuaries, such accountants and
such agents as it may deem advisable to assist in the administration of the Plan. Any and all decisions of the Benefits Committee as to interpretation or application of this Plan shall be conclusive and binding on all persons, shall be given full
force and effect, and shall be reviewed by any court or arbitrator on an arbitrary and capricious standard, rather than a de novo standard. 
 B. Delegation. The Benefits Committee may (1) designate a person or persons and/or appoint an administrative committee to carry out the day-to-day administration of the Plan, and (2) authorize any
agent to execute or deliver any instrument or make any payment on the Benefits Committee’s behalf or provide such services as the Benefits Committee may require in carrying out the provisions of the Plan. 
 C. Limitation of Liability. Neither the Benefits Committee nor any member of the Board of Directors nor any officer, employee or agent of the
Company shall incur any liability individually or on behalf of any other individuals or on behalf of the Company for any act, or failure to act, in relation to the Plan or the funds of the Plan unless such action or inaction is adjudged to be due to
fraud. The Benefits Committee and each member of the Board of Directors shall be entitled, in good faith, to rely or act upon any report or 

  

 14 

 
other information furnished to him by any other officer or other employee of the Company, the Company’s independent certified public accountants, or any
executive compensation consultant, legal counsel or other professional retained by the Company. None of the Benefits Committee, the Compensation Committee or any member of the Board of Directors shall be entitled to act on or decide any matter
relating solely to himself or any of his rights or benefits under the Plan. 
 D. Indemnification. The Benefits Committee, each member
of the Board of Directors and their delegates, and the officers, employees and agents of the Company shall be indemnified by the Company against any and all liabilities arising by reason of any act, or failure to act, in relation to the Plan or the
funds of the Plan, including, without limitation, expenses incurred in the defense of any claim relating to the Plan or the funds of the Plan, and amounts paid in any compromise or settlement relating to the Plan or the funds of the Plan, unless
such action or inaction is adjudged to be due to fraud. 
 E. Claims Procedure. All claims for benefits under the Plan shall be
submitted and reviewed in accordance with the Claims Appeal Guidelines. No claimant shall institute any action or proceeding in any state or federal court of law or equity or before any administrative tribunal or arbitrator for a claim of benefits
under the Plan until the claimant has first exhausted the Plan’s review procedures set forth in the Claims Appeal Guidelines. Any and all decisions of the Company pursuant to the Claims Appeal Guidelines shall be conclusive and binding on all
persons, shall be given full force and effect, and shall be reviewed by any court or arbitrator on an arbitrary and capricious standard, rather than a de novo standard. 
 F. Expense. Expenses of the Benefits Committee attributable to the administration of the Plan shall be paid directly by the Company. 

 

 15 

 VIII. General Provisions. 
 A. Termination of the Plan. The Board of Directors reserves the right to terminate the Plan at any time, provided, however, that no termination shall be effective retroactively. As of the
effective date of termination of the Plan: 
 1. The Benefits of any Participant (or his Beneficiary) whose Benefits payments
have commenced shall continue to be paid; 
 2. No further Benefits shall accrue on behalf of any Participant whose Benefits
payments have not commenced and such Participant (or his Beneficiary) shall retain the right to Benefits hereunder; and 
 3.
Benefits payments that have not commenced as of the Plan termination date may be accelerated provided that (a) the Company’s termination and liquidation of the Plan does not occur proximate to a downturn in the financial health of the
Company, (b) no payment of Benefits are made earlier than 12 months after all action necessary to irrevocably terminate and liquidate the Plan has been completed other than payments that would be payable under the terms of the Plan if the
action to terminate and liquidate the Plan had not occurred, (c) all payment of Benefits are completed within 24 months thereafter, (d) all other nonqualified defined benefit pension plans maintained by the Company are terminated with
respect to all participants in such plans and such plans would be aggregated under final Treas. Reg. Section 1.409A-1(c), (e) the Company does not adopt a new plan that would be aggregated with any terminated plan under final Treas. Reg.
Section 1.409A-1(c) if the Participant participated in both plans, at any time within three years following the date the Company takes all necessary action to irrevocably terminate and liquidate the Plan, and (f) the conditions of final
Treas. Reg. Section 1.409A-3(j)(ix)(C) are satisfied. 
  

 16 

 B. Plan Not a Contract of Employment. Nothing in this Plan shall be construed as giving any
employee the right to be retained in the employ of any participating employer. Each participating employer in the Plan expressly reserves the right to dismiss any employee at any time without regard to the effect which such dismissal might have upon
him under the Plan. 
 C. Amendment. This Plan may be amended at any time by the Compensation Committee, or by the Benefits Committee
at any time in accordance with the materiality guidelines regarding modifications to employee benefit plans established by the Compensation Committee, except that no such amendment shall deprive any Participant of his Benefits accrued and vested at
the time of such amendment. 
 D. Funding. All amounts payable in accordance with this Plan shall constitute a general unsecured
obligation of the Company and the other Participating Employers. Benefits payable under this Plan, as well as any administrative costs related to the Plan, shall not be funded and shall be made out of the general assets of the Company and the other
Participating Employers or any grantor trust established for this purpose. 
 The Company may, in its discretion, establish a grantor trust
for the benefit of the Participants of the Plan. The assets placed in such trust shall be held separate and apart from other Company funds and shall be used exclusively for the purposes set forth in the Plan and the applicable trust agreement,
subject to the following conditions: 
 1. the creation of said trust shall not cause the Plan to be other than
“unfunded” for purposes of Title I of ERISA; 
  

 17 

 2. the Company shall be treated as “grantor” of said trust for purposes of
Section 677 of the Code; 
 3. the agreement of such trust shall provide that its assets may be used upon the insolvency
or bankruptcy of the Company to satisfy claims of the Company’s general creditors and that the rights of such general creditors are enforceable by them under federal and state law; 
 4. the trust shall not be established as an offshore trust; and 
 5. the trust shall not provide that its assets will become restricted to the payment of Benefits in the event of a change in the financial
health of the Company. 
 To the extent that a grantor trust is established by the Company, the Benefits Committee may from time to time
reserve unto itself the right to vote any shares of equity securities held in a pension trust fund or may permit such other committee, or investment manager or managers as it may designate to exercise such responsibility. 
 No Participant or Beneficiary shall have any right, title or interest whatsoever in or to any investments that the Company may make to aid the Company in
meeting its obligation hereunder or assets held by any trust. Nothing contained in this Plan, and no action taken pursuant to its provisions, shall create or be construed to create a trust of any kind, or a fiduciary relationship, between the
Company and any Participant or Beneficiary. To the extent that any person acquires a right to receive payments from the Company hereunder, such rights are no greater than the right of an unsecured general creditor of the Company. 
 E. Withholding Taxes. The Company shall deduct from any payment made under the Plan the amount of withholding taxes due any federal, state or
local authority in respect of such payment and take such other action as may be necessary in the opinion of the Company to satisfy all obligations for payment of such withholding. 
  

 18 

 F. Compliance with Code Section 409A. 
 1. It is intended that the terms of the Plan and Participant and Beneficiary rights hereunder meet applicable requirements of Code
Section 409A and the final Treasury Regulations promulgated thereunder so that a Participant or Beneficiary is not deemed to be in constructive receipt of compensation until such time as benefits are actually paid. The Plan shall be interpreted
and administered to the extent possible in a manner consistent with the foregoing statement of intent. 
 2. In each case
where the Plan provides for the payment of Benefits within a designated period of time after Separation From Service (e.g., within 90 days after Separation From Service) and such period begins and ends in different calendar years, the exact payment
date within such range shall be determined by the Plan Administrator, in its sole discretion, and the Participant shall have no right to designate the year in which the payment shall be made. 
 3. If the Participant (or his Beneficiary) notifies the Benefits Committee (with specificity as to the reason therefore) that the
Participant (or his Beneficiary) believes that any provision of this Plan (or of any award of compensation) would cause the Participant (or his Beneficiary) to incur income tax prior to the receipt of payment or any additional tax or interest under
Code Section 409A and, upon notice, the Benefits Committee or its designee concurs with such belief, or if the Benefits Committee or its designee (without any obligation whatsoever to do so) independently makes such determination, the Benefits
Committee or its designee shall, after consulting with the Participant (or the Beneficiary), reform such provision to the extent possible to attempt to comply with Code Section 409A or to be exempt from Code Section 409A. 
  

 19 

 4. In no event whatsoever shall the Company be liable for any additional tax interest or
penalties that may be imposed on the Participant (or his Beneficiary) as a result of Code Section 409A or any damages for failing to comply with Code Section 409A. 
 G. Construction. 
 1.
This Plan shall be construed, regulated, administered and enforced under the laws of the State of New York, without regard to its conflict of laws provisions, to the extent such laws are not superseded by applicable federal law. 
 2. Whenever appropriate, words used herein in the singular may be read in the plural, or words used herein in the plural may be read in
the singular; the masculine may include the feminine. 
 3. The illegality of any particular provision of this document shall
not affect the other provisions and the document shall be construed in all respects as if such invalid provision were omitted. 
 4. Headings and subheadings in the Plan are for reference only, and if there is any conflict between such headings or subheadings and the text of the Plan, the text shall control. 
 H. Successors and Assigns. The Plan shall be binding on the Company’s successors and assigns. No right, title or interest of any kind in the
Plan shall be transferable or assignable by a Participant (or his Beneficiary) or be subject to alienation, anticipation, sale, pledge, encumbrance, garnishment, attachment, levy, execution or other legal or equitable process, nor be subject to
debts, contracts, 

  

 20 

 
liabilities or engagements, or torts of any Participant (or his Beneficiary). Any attempt to alienate, sell, transfer, assign, pledge, garnish, attach or
take any other action subject to legal or equitable process or encumber or dispose of any interest in the Plan shall be void. 
 IX. Effective
Date. 
 This Plan shall be effective as of February 9, 2009, except as otherwise specified herein. 
  

 21 

 EXHIBIT A 
 CLAIMS APPEALS GUIDELINES 

 EXHIBIT B 
 BRISTOL-MYERS SQUIB COMPANY 
 BENEFIT EQUALIZATION PLAN-RETIREMENT INCOME PLAN 
 (As in effect on February 8, 2009) 

 BRISTOL-MYERS SQUIBB COMPANY 
 BENEFIT EQUALIZATION PLAN—RETIREMENT INCOME PLAN 
 (as amended and restated effective as of
January 1, 2007) 

 TABLE OF CONTENTS 
  

							
	 	  	 	  	 	  	Page
	I.	  	Definitions	  	1
		  	A.	  	“Beneficiary”	  	1
		  	B.	  	“BEP Benefit(s)” or “Benefit(s)”	  	1
		  	C.	  	“BEP—Savings Plan”	  	1
		  	D.	  	“BMS Pharma Plan”	  	1
		  	E.	  	“BMS Pharma Puerto Rico Plan”	  	1
		  	F.	  	“Claims Appeal Guidelines”	  	1
		  	G.	  	“Code”	  	2
		  	H.	  	“Company”	  	2
		  	I.	  	“Compensation Committee”	  	2
		  	J.	  	“Credited Service”	  	2
		  	K.	  	“Early Retirement Date”	  	2
		  	L.	  	“ERISA”	  	2
		  	M.	  	“Final Average Compensation”	  	2
		  	N.	  	“1983 Plan”	  	2
		  	O.	  	“1993 Plan”	  	2
		  	P.	  	“Normal Retirement Date”	  	3
		  	Q.	  	“Participant”	  	3
		  	R.	  	“Participating Employer”	  	3
		  	S.	  	“Pension Committee”	  	3
		  	T.	  	“Performance Incentive Plan”	  	3
		  	U.	  	“Pharma Non-Qualified Plans”	  	3
		  	V.	  	“Plan”	  	3
		  	W.	  	“Puerto Rico Plan”	  	3
		  	X.	  	“Regular Full-Time Employee”	  	4
		  	Y.	  	“Retirement Income Plan”	  	4
		  	Z.	  	“Retirement Plans”	  	4
		  	AA.	  	“Rule of 70 Treatment”	  	4
		  	BB.	  	“Savings and Investment Program”	  	4
		  	CC.	  	“Separation From Service”	  	4
		  	DD.	  	“Specified Employee”	  	5
		  	EE.	  	“Squibb Plan”	  	5
			
	II.	  	Purpose and History of the Plan	  	5
			
	III.	  	Eligibility and Participation in the Plan	  	7
		  	A.	  	Eligible Participants	  	7
		  	B.	  	Cessation of Participation	  	7
			
	IV.	  	Calculation of Benefits	  	7
		  	A.	  	Amount of BEP Benefit	  	7
		  	B.	  	Service Limitations	  	8

  

 i 

							
		  	C.	    	Actuarial Assumptions	  	8
		  	D.	    	Reduction for Early Commencement	  	9
			
	V.	  	Vesting	  	9
			
	VI.	  	Time and Form of Payment of Benefits	  	9
		  	A.	    	Pre-January 1, 1993	  	9
		  	B.	    	Post December 1, 1992, and Pre-January 1, 2001	  	10
		  	C.	    	Post-December 31, 2000, and Pre-January 1, 2005	  	12
		  	D.	    	January 1, 2005 to December 31, 2006	  	13
		  	E.	    	Post-December 31, 2006	  	15
		  	F.	    	De Minimis Lump Sum	  	18
		  	G.	    	Specified Employees	  	18
		  	H.	    	Payment of Benefits in the Event of the Participant’s Death	  	19
		  	I.	    	Other Permissible Payment Events	  	24
		  	J.	    	No Post-Separation Elections	  	24
		  	K.	    	Reemployment	  	25
			
	VII.	  	Administration of the Plan	  	26
		  	A.	    	Administration	  	26
		  	B.	    	Delegation	  	26
		  	C.	    	Limitation of Liability	  	26
		  	D.	    	Indemnification	  	27
		  	E.	    	Claims Procedure	  	27
		  	F.	    	Expense	  	27
			
	VIII.	  	General Provisions	  	28
		  	A.	    	Termination of the Plan	  	28
		  	B.	    	Plan Not a Contract of Employment	  	29
		  	C.	    	Amendment	  	29
		  	D.	    	Funding	  	29
		  	E.	    	Withholding Taxes	  	30
		  	F.	    	Compliance with Code Section 409A	  	31
		  	G.	    	Construction	  	32
		  	H.	    	Successors and Assigns	  	32
			
	IX.	  	Effective Date	  	33

  

 ii 

 BRISTOL-MYERS SQUIBB COMPANY 
 BENEFIT EQUALIZATION PLAN—RETIREMENT INCOME PLAN 
 (as amended and restated effective as of
January 1, 2007) 
 X. Definitions. 
 Unless the context or subject matter otherwise requires, the definitions set forth in this Section I shall govern in this Plan (as herein defined). Notwithstanding anything herein to the contrary, to the extent
capitalized terms in this Plan conflict with such terms in either of the Retirement Plans (as herein defined), the terms of the Retirement Plans shall control. 
 A. “Beneficiary” shall mean the person entitled to receive payments under the Plan in the event of the Participant’s death, determined in accordance with Section VI.H. 
 B. “BEP Benefit(s)” or “Benefit(s)” shall mean the benefit described in Section IV.A. of this Plan. 
 C. “BEP—Savings Plan” shall mean the Bristol-Myers Squibb Company Benefit Equalization Plan—Savings and Investment Program, as
amended from time to time. 
 D. “BMS Pharma Plan” shall mean the Bristol-Myers Squibb Pharma Company Pension and Retirement Plan,
as amended from time to time. 
 E. “BMS Pharma Puerto Rico Plan” shall mean the Bristol-Myers Squibb Holdings Pharma, Ltd. Pension
and Retirement Plan, as amended from time to time. 
 F. “Claims Appeal Guidelines” shall mean the Claims Appeal Guidelines for the
Bristol-Myers Squibb Retirement Income Plan and the Squibb Hourly Pension Plan and the Benefit Equalization Plan of Bristol-Myers Squibb Company and its Subsidiary or Affiliated Corporations Participating in the Bristol-Myers Squibb Company
Retirement Income Plan or the Bristol-Myers Squibb Puerto Rico, Inc. Retirement Income Plan, attached hereto as Exhibit A, and as amended from time to time. 

 G. “Code” shall mean the Internal Revenue Code of 1986, as amended. 
 H. “Company” shall mean Bristol-Myers Squibb Company and any successor or successors thereof. 
 I. “Compensation Committee” shall mean the Compensation and Management Development Committee of the Board of Directors of the Company.

 J. “Credited Service” shall have the meaning set forth for such term in the Retirement Income Plan or the Puerto Rico Plan, as
applicable, and as amended from time to time. 
 K. “Early Retirement Date” shall have the meaning set forth for such term in the
Retirement Income Plan or the Puerto Rico Plan, as applicable, and as amended from time to time. 
 L. “ERISA” shall mean the
Employee Retirement Income Security Act of 1974, as amended. 
 M. “Final Average Compensation” shall have the meaning set forth
for such term in the Retirement Income Plan or the Puerto Rico Plan, as applicable, and as amended from time to time. 
 N. “1983
Plan” shall mean the Benefit Equalization Plan of Bristol-Myers Squibb Company and Its Subsidiary or Affiliated Corporations Participating in the Bristol-Myers Company Retirement Income Plan and the Bristol-Myers Company Savings and Investment
Program, as in effect on January 1, 1983, and as amended from time to time. 
 O. “1993 Plan” shall mean the Benefit
Equalization Plan of Bristol-Myers Squibb Company and Its Subsidiary or Affiliated Corporations Participating in the Bristol-Myers Squibb Company Retirement Income Plan or the Bristol-Myers Squibb Puerto Rico, Inc. Retirement Income Plan.

  

 2 

 P. “Normal Retirement Date” shall mean the first day of the month coinciding with or next
following the Participant’s 65th birthday. 
 Q. “Participant” shall mean each participant in this Plan, as determined in
accordance with Article III. 
 R. “Participating Employer” means any corporation participating in either of the Retirement Plans.

 S. “Pension Committee” shall mean the committee appointed by the Compensation Committee of the Board of Directors of the Company
to administer this Plan. The Pension Committee shall serve as Plan Administrator of the Plan. 
 T. “Performance Incentive Plan”
shall mean the Bristol-Myers Squibb Company Performance Incentive Plan, and as amended from time to time. 
 U. “Pharma Non-Qualified
Plans” shall mean collectively the Bristol-Myers Squibb Pharma Company Pension Restoration Plan, the Bristol-Myers Squibb Pharma Company Retirement Restoration Plan and the Bristol-Myers Squibb Pharma Company Supplemental Retirement Income
Plan. 
 V. “Plan” shall mean the Bristol-Myers Squibb Company Benefit Equalization Plan—Retirement Income Plan, as amended
and restated herein, and as amended from time to time. 
 W. “Puerto Rico Plan” shall mean the Bristol-Myers Squibb Puerto Rico,
Inc. Retirement Income Plan, and as amended from time to time. 
  

 3 

 X. “Regular Full-Time Employee” shall have the meaning set forth for such term in the
Retirement Income Plan or the Puerto Rico Plan, as applicable, and as amended from time to time. 
 Y. “Retirement Income Plan”
shall mean the Bristol-Myers Squibb Company Retirement Income Plan, and as amended from time to time. 
 Z. “Retirement Plans”
shall mean collectively the Retirement Income Plan and the Puerto Rico Plan. 
 AA. “Rule of 70 Treatment” shall occur upon a
Participant’s eligibility for Rule of 70 benefits under the terms and conditions of the Retirement Income Plan or the Puerto Rico Plan, as applicable. 
 BB. “Savings and Investment Program” shall mean the Bristol-Myers Squibb Company Savings and Investment Program, and as amended from time to time. 
 CC. “Separation From Service” shall mean a Participant’s voluntary or involuntary severance of employment with the Company, except by
reason of temporary absence, death or transfer to an affiliate or subsidiary of the Company; provided, however, that for purposes of Sections VI.C., VI.D., VI.E. and VI.F., a Separation From Service shall not occur until the date that
a Participant experiences a “separation from service” from the Company and all affiliates and subsidiaries of the Company, within the meaning of Code Section 409A(a)(2)(A)(i) and (1) IRS Notice 2005-1 and proposed Treas. Reg.
Section 1.409A-1(h), with respect to a Termination of Employment that occurs after December 31, 2004 but prior to April 17, 2007; or (2) final Treas. Reg. Section 1.409A-1(h), with respect to a Termination of Employment that
occurs on or after April 17, 2007. 
  

 4 

 DD. “Specified Employee” shall mean a “specified employee” as determined by the
Compensation Committee or its designee in accordance with Code Section 409A(a)(2)(B)(i). 
 EE. “Squibb Plan” shall mean the
Squibb Corporation Supplementary Pension Plan. 
 XI. Purpose and History of the Plan. 
 The purpose of this Plan is to provide benefits for certain employees participating in the Retirement Income Plan or the Puerto Rico Plan whose benefits
under the Retirement Plans are or will be limited by application of ERISA and Sections 401(a)(17) and 415 of the Code. The Plan is intended to be an unfunded “excess benefit plan” as that term is defined in Section 3(36) of ERISA with
respect to those Participants whose benefits under the Retirement Plans have been limited by Section 415 of the Code, and a “top hat” plan meeting the requirements of Sections 201(2), 301(a)(3), 401(a)(1) and 4021(b)(6) of ERISA with
respect to those Participants whose benefits under the Retirement Plans have been limited by Section 401(a)(17) of the Code and with respect to certain employees covered by the Squibb Plan on December 31, 1998. Effective as of
January 1, 1993, the Pension Committee established the 1993 Plan as a continuation and successor plan to the 1983 Plan. All amounts accrued under Part IV of the 1983 Plan continue to be accrued under this Plan. 
 Effective as of January 1, 1991, the Plan assumed the liabilities for all benefits payable under the Squibb Plan with respect to all active and
former employees (other than foreign employees) who had accrued, as of December 31, 1990, benefits provided under the Squibb Plan other than benefits due to a Squibb employee’s election to defer an annual incentive award or benefits
payable to foreign employees of Squibb. Effective as of January 1, 1996, the Plan assumed the liabilities for benefits accrued as of December 31, 1995, under the Squibb Plan with respect to all active and former Squibb employees (other
than foreign employees) 

  

 5 

 
attributable to pre-January 1, 1991 deferrals of annual incentive awards. Therefore, this Plan is a continuation and successor plan to the Squibb Plan
with respect to all such benefits accrued thereunder prior to January 1, 1991 with respect to employees who participated in the Squibb Corporation Pension Plan. Employees who were Participants in the Squibb Plan who accrue benefits under this
Plan on or after January 1, 1991, shall be entitled to the benefits provided by this Plan with respect to all service covered under either the Retirement Income Plan or the Puerto Rico Plan. 
 Effective as of October 1, 2002 the BMS Pharma Plan was merged into the Retirement Income Plan and the BMS Pharma Puerto Rico Plan was merged into
the Puerto Rico Plan, and this Plan assumed the liabilities for all benefits payable under the Pharma Non-Qualified Plans. Therefore, this Plan is a continuation and successor plan to the Pharma Non-Qualified Plans with respect to all such benefits
accrued thereunder prior to October 1, 2002 with respect to employees who participated in the BMS Pharma Plan and the BMS Pharma Puerto Rico Plan prior to the merger of these plans into the Retirement Income Plan and the Puerto Rico Plan,
respectively. Employees who were Participants in the Pharma Non-Qualified Plans who accrue benefits under this Plan on or after October 1, 2002, shall be entitled to the benefits provided by this Plan with respect to all service covered under
either the BMS Pharma Plan or the BMS Pharma Puerto Rico Plan. 
 By adoption of this amended and restated document, the Company hereby
amends and restates the 1993 Plan in its entirety, effective as of January 1, 2007, except as otherwise specified herein. 
  

 6 

 XII. Eligibility and Participation in the Plan. 
 A. Eligible Participants. Each person who was a Participant in the Plan as of December 31, 2006 shall continue to be a Participant in the Plan
as of January 1, 2007. Each Regular Full-Time Employee who is member of a Retirement Plan and who is employed by a Participating Employer shall be eligible to participate in this Plan and shall become a Participant in this Plan when
(1) his benefit under the applicable Retirement Plan would exceed the limitations on benefits imposed by Section 415 of the Code calculated from and after September 2, 1974, (2) any portion of his “annual rate of
compensation” as defined in the Retirement Plan or the Puerto Rico Plan, as applicable, would be excluded from his Final Average Compensation determined under the Retirement Plan by reason of the application of Section 401(a)(17) of the
Code and/or (3) he participates in the Performance Incentive Plan. 
 B. Cessation of Participation. Participation in the Plan
shall terminate upon the Participant’s Separation From Service, except, however, that an individual who is entitled to receive Benefits under the Plan after his or her Separation From Service will continue to be treated as a Participant (other
than for Benefit accrual purposes) until his or her full Benefits have been paid or forfeited. 
 XIII. Calculation of Benefits. 
 A. Amount of BEP Benefit. The BEP Benefit payable under the Plan shall be an amount equal to the excess, if any, of (1) over (2), where

 (1) equals the benefit that would have been payable to, or with respect to, such Participant under the applicable
Retirement Plan determined (a) without regard to the limitations imposed by Sections 415 and 401(a)(17) of the Code, (b) by including in his “annual rate of compensation” for purposes of determining Final Average Compensation
under such Retirement Plan 

  

 7 

 
elective deferrals under the Savings and Investment Program but which, due to Code Section 415 and/or 401(a)(17) limitations, were, in accordance with
the Participant’s election, credited to the BEP—Savings Plan, and (c), in the case of a Participant who also participates in the Performance Incentive Plan, by recalculating his “annual rate of compensation” for each year, for
purposes of determining Final Average Compensation under such Retirement Plan, by substituting for the cash award paid under the Performance Incentive Plan during such calendar year, the cash award earned by such Participant under the Performance
Incentive Plan for such calendar year, if such amount is greater, without regard to the calendar year in which such payment is made; provided, however, that for purposes of clause (c) above, any performance incentive award for the calendar year
in which the Participant’s Separation From Service occurs shall be assumed to be fully earned as though all performance goals and other conditions to full payment had been attained as of the date such Separation From Service occurs; and

 (2) equals the actual benefit payable to such Participant or his beneficiary under the applicable Retirement Plan.

 B. Service Limitations. The amount paid to, or with respect to, a
Participant who is grade levels E07 and above shall be determined without limiting his total years of service to 40 years.1

 C. Actuarial Assumptions. The Benefits determined under this Section IV shall be calculated utilizing the same actuarial
assumptions used to compute the Participant’s Retirement Plan benefit payments or such other assumptions as may be determined by the Pension Committee from time to time. 
  

	 1
	 Effective February 1, 1995. 

  

 8 

 D. Reduction for Early Commencement. Notwithstanding anything herein to the contrary, if Benefits
hereunder commence prior to a Participant’s Normal Retirement Date, then the Benefits paid hereunder shall be reduced applying the same terms and conditions applicable to commencement of Benefits prior to the Participant’s Normal
Retirement Date under the applicable Retirement Plan; provided, however, if a Participant’s Separation From Service occurs after December 31, 2004 and prior to January 1, 2007 and such Participant became eligible during
this period of time for Rule of 70 Treatment, then the Benefits that accrued and vested prior to January 1, 2005 will be subject to the retirement reduction factors under the applicable Retirement Plan as if the Participant was not retirement
eligible or eligible for Rule of 70 Treatment. 
 XIV. Vesting. 
 A Participant shall become vested in his Benefits at the same time and to the same extent as such Participant becomes vested in his benefit under the applicable Retirement Plan (or upon becoming a Participant in this
Plan, if later). 
 XV. Time and Form of Payment of Benefits. 
 A. Pre-January 1, 1993. In the case of a Participant whose Separation From Service occurs prior to January 1, 1993, the BEP Benefits shall be payable to the Participant at the same date and in the
same form as his benefit under the applicable Retirement Plan. 
  

 9 

 B. Post December 1, 1992, and Pre-January 1, 2001. In the case of a Participant whose
Separation From Service occurs after December 31, 1992, and prior to January 1, 2001, the BEP Benefits shall be payable to the Participant in the applicable normal form of payment set forth in Section VI.B.1. herein, unless a timely
election for an alternative form of payment is made in accordance with Section VI.B.2. herein: 
 1. Normal Forms of
Payment. A Participant whose Separation From Service occurs after December 31, 1992, and prior to January 1, 2001, and who does not make a timely election pursuant to Section VI.B.2. herein shall receive his accrued and vested BEP
Benefits, commencing on the same date as such Participant commences payment of his benefit under the applicable Retirement Plan, as follows: 
 a. If the Participant is not married as of the date of his Separation From Service, in a monthly single-life annuity form of payment. 
 b. If the Participant is married as of the date of his Separation From Service, in a monthly 50% joint and survivor annuity form of payment. 
 2. Optional Forms of Payment. A Participant whose Separation From Service occurs after December 31, 1992, and prior to January 1, 2001 may elect any one of the following optional forms of payment:

 a. Either the single life, 50% or 100% joint and survivor annuity or any of the variable annuity forms of payment as provided under the
applicable Retirement Plan, commencing on the same date as such Participant commences payment of his benefit under the applicable Retirement Plan. Such election shall be made, in writing, concurrent with the Participant’s benefit election under
the applicable Retirement Plan and shall become irrevocable as of the date payment of BEP Benefits commence; or 
  

 10 

 b. In a lump sum cash payment provided that at least one year prior to Separation From Service, the
Participant irrevocably elects, in writing, to receive his BEP Benefits in such form, which payment shall be made within 60 days after such Participant commences payment of his benefit under the applicable Retirement Plan, except that in the case of
a Participant who is eligible to retire under the applicable Retirement Plan who has an involuntary Separation From Service or unplanned retirement and whose election to receive the BEP Benefit in the form of a lump sum was at least 90 days prior to
such involuntary Separation From Service or unplanned retirement, such payment shall be made on the first day of the first month following the one-year anniversary of his Separation From Service. 
 3. 1993 Retirement Window (Voluntary Retirement Program). Notwithstanding the foregoing, in the case of a Participant who is a
member of the Retirement Income Plan who elected between October 1, 1993 and December 30, 1993, inclusive, to retire under Article 19 of the Retirement Income Plan (as then in effect), the BEP Benefits shall be payable to the Participant
in the same form as the Participant’s benefit under the Retirement Income Plan (utilizing the same actuarial assumptions used to compute the Participant’s Retirement Income Plan benefit payments or such other assumptions as may be
determined by the Pension Committee from time to time), commencing within 60 days after the earlier of (a) his Separation From Service entitling him to receive payments under the Retirement Income Plan, (b) his death, or (c) if the
Participant’s employment terminates prior to the date he is entitled to receive payments under the Retirement Income Plan, the date he attains his Early Retirement Date under the Retirement Income Plan. 
  

 11 

 C. Post-December 31, 2000, and Pre-January 1, 2005. In the case of a Participant whose
Separation From Service occurs after December 31, 2000, and prior to January 1, 2005, the BEP Benefits shall be payable to the Participant in the applicable normal form of payment set forth in Section VI.C.1. herein, unless a timely
election for an optional form of payment is made in accordance with Section VI.C.2. herein: 
 1. Normal Forms of
Payment. A Participant whose Separation From Service occurs after December 31, 2000 and prior to January 1, 2005, and who does not make a timely election pursuant to Section VI.C.2. herein shall receive his accrued and vested BEP
Benefits, commencing on the same date as such Participant commences payment of his benefit under the applicable Retirement Plan, as follows: 
 a. If the Participant is not married as of the date of his Separation From Service, in a monthly single-life annuity form of payment. 
 b. If the Participant is married as of the date of his Separation From Service, in a monthly 50% joint and survivor annuity form of payment. 
 2. Optional Forms of Payment. A Participant whose Separation From Service occurs after December 31, 2000 and prior to January 1, 2005 may elect any one of the following alternative forms of payment:

 a. Either the single life, 50% or 100% joint and survivor annuity or any of the variable annuity forms of payment as provided under the
applicable Retirement Plan, commencing on the same date as such Participant commences payment of his benefit under the applicable Retirement Plan. Such election shall be made, in writing, concurrent with the Participant’s benefit election under
the applicable Retirement Plan and shall become irrevocable as of the date payment of BEP Benefits commence; or 
  

 12 

 b. In a lump sum cash payment and/or a lump sum credit to the participant’s BEP—Savings Plan
account equal to 25%, 50%, 75% or 100% of the BEP Benefit, as elected by the Participant, with the remaining portion of the BEP Benefit payable in the normal form of payment set out in Section VI.C.2.a.; provided that (i) the Participant is
eligible to retire under the applicable Retirement Plan or, effective as of April 1, 2003, satisfies the eligibility requirements of Rule of 70 Treatment as of the date of his Separation From Service and (ii) no later than the last day of
the calendar year prior to his Separation From Service and 90 days prior to his Separation From Service the Participant irrevocably elects, in writing, to receive payment of his BEP Benefits in such form. The lump sum payment and/or credit to the
BEP-Savings Plan shall be made within 60 days after commencement of the Participant’s benefits under the applicable Retirement Plan. 
 D. January 1, 2005 to December 31, 2006. In the case of a Participant whose Separation From Service occurs on or after January 1, 2005 and prior to January 1, 2007, the BEP Benefits shall be payable to the
Participant in the applicable default form of payment set forth in Section VI.D.1. herein, unless the Participant is either eligible to retire under the applicable Retirement Plan or satisfies the eligibility requirements for Rule of 70 Treatment as
of the date of his Separation From Service and the Participant makes a timely election for an alternative form of payment in accordance with Section VI.D.2. herein. 
  

 13 

 1. Default Forms of Payment. A Participant whose Separation From Service occurs on
or after January 1, 2005 and prior to January 1, 2007, and who, as of the date his Separation From Service either (A) is not eligible to retire under the applicable Retirement Plan, (B) does not satisfy the eligibility
requirements for Rule of 70 Treatment or (C) is eligible to retire under the applicable Retirement Plan or satisfies the eligibility requirements for Rule of 70 Treatment but does not make a timely election pursuant to Section VI.D.2. herein,
shall receive his accrued and vested BEP Benefits as follows: 
 a. The portion of such Participant’s BEP Benefits that are accrued and
vested prior to January 1, 2005 shall be payable in the annuity form provided in Section VI.C.1 or VI.C.2.a. commencing on the same date as the Participant’s applicable Retirement Plan benefit commences. 
 b. The portion of such Participant’s BEP Benefits that are accrued and vested on or after January 1, 2005 shall be payable, except as set forth
in Section VI.G. herein, in a lump sum cash payment. The amount of such lump sum payment shall be determined as of (and such lump sum payment shall be made on or about) the first day of the month following the Participant’s Separation From
Service. 
 2. Alternative Forms of Payment. A Participant who, as of the date of his Separation From Service, is
either eligible to retire under the applicable Retirement Plan or satisfies the eligibility requirements for Rule of 70 Treatment shall be permitted to 

  

 14 

 
elect payment under one or more of the following forms of payment, provided that such election is made no later than 12 months prior to the
date of such Participant’s Separation From Service: 
 a. With respect to the portion of such Participant’s Benefits accrued and
vested prior to January 1, 2005, in either a cash lump sum payment or a lump sum credit to such Participant’s BEP—Savings Plan account. The amount of such lump sum payment or credit to the BEP-Savings Plan shall be determined as of
(and such lump sum payment or credit shall be made on or about) the same date as such Participant commences payment of his benefit under the applicable Retirement Plan. 
 b. With respect to the portion of such Participant’s Benefits accrued and vested on or after January 1, 2005, as a lump-sum credit to such Participant’s BEP—Savings Plan account. The amount of such
lump sum credit shall be determined as of (and such lump sum credit shall be made on or about) the first day of the first month following Separation From Service. 
 E. Post-December 31, 2006. In the case of a Participant whose Separation From Service occurs on or after January 1, 2007, the BEP Benefits shall be payable to the Participant in the default form of
payment set forth in Section VI.E.1. herein, unless the Participant is either eligible to retire under the applicable Retirement Plan or satisfies the eligibility requirements for Rule of 70 Treatment as of the date of his Separation From Service
and the Participant makes a timely election for an alternative form of payment in accordance with Section VI.E.2. herein. 
  

 15 

 1. Default Form of Payment. A Participant who, as of the date of his Separation
From Service either (A) is not eligible to retire under the applicable Retirement Plan, (B) does not satisfy the eligibility requirements for Rule of 70 Treatment or (C) is eligible to retire under the applicable Retirement Plan or
satisfies the eligibility requirements for Rule of 70 Treatment but does not make a timely election pursuant to Section VI.E.2. herein shall receive his accrued and vested BEP Benefits, subject to Section VI.G. herein, in a cash lump sum payment.
The amount of such lump sum payment shall be determined as of (and such lump sum payment shall be made on or about) the first day of the month following such Participant’s Separation From Service. 
 2. Alternative Form of Payment. A Participant who, as of the date of his Separation From Service is either eligible to retire under
the applicable Retirement Plan or satisfies the eligibility requirements for Rule of 70 Treatment shall be permitted to elect to receive his accrued and vested BEP Benefits as a lump sum credit to such Participant’s BEP—Savings Plan
account, provided that such election is made no later than 12 months prior to such Participant’s Separation From Service. A Participant electing the alternative form of payment under this Section VI.E.2. may not make any
subsequent elections. 
 3. BEP—Savings Plan Elections. A Participant who elects to receive his BEP Benefits in
the form of a credit to his BEP—Savings Plan account in accordance with Sections VI.C.2., VI.D.2 or VI.E.2. must also elect, pursuant to the terms of the BEP—Savings Plan, (a) the date that payments will commence from the
BEP—Savings Plan, and (b) whether the payment will be made from the BEP—Savings Plan in a lump sum or in annual installments of two to 15 years. Any such elections under this Section VI.E.3. must comply with the subsequent deferral
election requirements set out in Section VI.E.5. below. 
  

 16 

 4. Prior Elections. In the case of a Participant whose Separation From Service
occurs on or after January 1, 2007 and who, at the time of such Separation From Service is eligible to retire under the applicable Retirement Plan or satisfies the eligibility requirements for Rule of 70 Treatment, and who, prior to
January 1, 2007, made a timely election regarding the form of payment of his BEP Benefits (i.e., such election was made at least twelve months prior to Separation From Service), such election shall continue to apply to such
Participant’s accrued and vested BEP Benefits unless the Participant makes an election no later than 12 months prior to such Participant’s Separation From Service to change the form of payment to a lump sum credit to the BEP-Savings Plan.
Any such election to change the form of payment to a lump sum credit to the BEP-Savings Plan shall apply to all of the Participant’s BEP Benefits, including the portions of such Benefits accrued and vested prior to, and on or after,
January 1, 2005. 
 5. Subsequent Deferral Elections. With respect to the portion of a Participant’s Benefits
accrued and vested after January 1, 2005, any election under Sections VI.D.2.b or VI.E.2 to change from the default form of payment, or under Section VI.E.4 to change a prior payment election, to a lump sum credit to such Participant’s
BEP—Savings Plan must satisfy each of the following requirements: 
 a. Such election must be made no later than 12 months prior to the
date such Participant’s Separation From Service occurs; 
 b. Such election will not be valid and effective until 12 months after it is
received by the Plan Administrator; and 
  

 17 

 c. Such election must provide for a payment commencement date under the BEP-Savings Plan that is at least
five years later than the date the distribution otherwise would have been made under the default payment terms or prior payment election. 
 F. De Minimis Lump Sum. Notwithstanding any provision of the Plan or payment election of a Participant to the contrary: 
 1. If the present value of the vested BEP Benefits of a Participant whose Separation From Service is prior to January 1, 2006 is $15,000 or less, such vested BEP Benefits shall be paid to or in respect of the
Participant in a single lump sum on or about the first day of the month following such Participant’s Separation From Service. 
 2. If the present value of the vested Benefits of a Participant whose Separation From Service is on or after January 1, 2006 is less than $10,000, such vested BEP Benefits shall be paid to or in respect of the Participant in a single
lump sum on or about the first day of the month following such Participant’s Separation From Service. 
 G. Specified Employees.
Notwithstanding any provision of the Plan or payment election of a Participant to the contrary, if a Participant is a Specified Employee on the date of his Separation From Service, payment of his BEP Benefit shall occur no earlier than the date that
is six-months after the Participant’s Separation From Service (unless such Participant dies, in which event the accrued and vested BEP Benefits shall be payable in accordance with Section VI.H. hereof); except, however, that if such Specified
Employee’s Separation From Service occurs prior to January 1, 2007, then only such portion of the Specified Employee’s BEP Benefits that accrued or vested on or after January 1, 2005 shall be subject to such six-month payment
delay. Any portion of the vested BEP Benefits that would otherwise be paid to a Specified Employee prior to the end of such six-month period shall be paid 

  

 18 

 
(together with interest accrued from the originally scheduled payment date until the first day of the seventh month following the Participant’s
Separation From Service at the interest rate being used to determine lump-sum payment options under the applicable Retirement Plan) on the first day of the month that begins coincident with or next following the six-month anniversary of the
Participant’s Separation From Service. 
 H. Payment of Benefits in the Event of the Participant’s Death. Upon the death of
a Participant prior to payment of all of his accrued and vested BEP Benefits, the survivor portion of the Participant’s BEP Benefit shall be paid to his joint annuitant or Beneficiary as follows: 
 1. Pre-Retirement Death Benefit. In the event of the death of a Participant prior to commencement of his BEP Benefit, the
Participant’s Beneficiary shall be an individual, if any, who is entitled to receive a qualified pre-retirement survivor annuity or qualified pre-early retirement survivor annuity under the applicable Retirement Plan and such Beneficiary, if
any, shall be entitled to receive a pre-retirement death benefit under this Plan equal to 50% of the Participant’s vested BEP Benefit. Such pre-retirement death benefit shall be payable to the Beneficiary as follows: 
 a. If the Participant’s death occurs prior to the date that the Participant would have been eligible to retire under the applicable Retirement Plan
or would have satisfied the eligibility requirements for Rule of 70 Treatment, then: 
 i. If the date of the Participant’s Separation
From Service is after January 1, 1993 and prior to January 1, 2005, the pre-retirement death benefit shall be paid to the Beneficiary in the form of an annuity for the life of the Beneficiary commencing on the same date that such
Beneficiary commences payment of the qualified pre-retirement survivor annuity or qualified pre-early retirement survivor annuity, as the case may be, under the applicable Retirement Plan; 
  

 19 

 ii. If the date of the Participant’s
Separation From Service is on or after January 1, 2005, and before December 31, 2006, the portion of the pre-retirement death benefit that accrued and vested prior to January 1, 2005 shall be paid in accordance with Section
VI.H.1.a.i. above, and the portion of the pre-retirement death benefit that accrued and vested on and after January 1, 2005 shall be paid to the Beneficiary in the form of a single lump sum payment no later than the later of December 31 of
the calendar year that includes the date of the Participant’s death or the 15th day of the third calendar month following the date of the
Participant’s death; and 
 iii. If the date of the Participant’s Separation
From Service is on or after January 1, 2007, the pre-retirement death benefit shall be paid to the Beneficiary in the form of a single lump sum payment no later than the later of December 31 of the calendar year that includes the date of
the Participant’s death or the 15th day of the third calendar month following the date of the Participant’s death. 
  

 20 

 b. If the Participant’s death occurs after the date that the Participant is eligible to retire under
the applicable Retirement Plan or satisfies the eligibility requirements for Rule of 70 Treatment, then: 
 i. If the date of the
Participant’s Separation From Service is after January 1, 1993 and prior to January 1, 2005, the pre-retirement death benefit shall be paid to the Beneficiary in the form of an annuity for the life of the Beneficiary commencing on the
same date that such Beneficiary commences payment of the qualified pre-retirement survivor annuity or qualified pre-early retirement survivor annuity, as the case may be, under the applicable Retirement Plan unless prior to his death the Participant
had elected pursuant to Section VI.B.2.b. or VI.C.2.b to receive his BEP Benefit in the form of a single lump sum cash payment or pursuant to Section VI.C.2.b to receive his BEP Benefit in the form of a lump sum credit to his BEP-Savings Plan
account, in which case the pre-retirement death benefit shall be paid to the Beneficiary in the form of a single lump sum payment or lump sum credit to his BEP-Savings Plan account, as the case may be, on the same date that such Beneficiary
commences payment of the qualified pre-retirement survivor annuity or qualified pre-early retirement survivor annuity, as the case may be, under the applicable Retirement Plan; 

  

 21 

 ii. If the date of the Participant’s
Separation From Service is on or after January 1, 2005, and before December 31, 2006, the portion of the pre-retirement death benefit that accrued and vested prior to January 1, 2005 shall be paid to the Beneficiary in the form of an
annuity for the life of the Beneficiary commencing on the same date that such Beneficiary commences payment of the qualified pre-retirement survivor annuity or qualified pre-early retirement survivor annuity, as the case may be, under the applicable
Retirement Plan unless prior to his death the Participant had elected pursuant to Section VI.D.2.a. to receive his BEP Benefit in the form of a single lump sum cash payment or lump sum credit to his BEP-Savings Plan account, in which case the
pre-retirement death benefit shall be paid to the Beneficiary in the form of a single lump sum payment or lump sum credit to his BEP-Savings Plan account, as the case may be, on the same date that such Beneficiary commences payment of the qualified
pre-retirement survivor annuity or qualified pre-early retirement survivor annuity, as the case may be, under the applicable Retirement Plan, and the portion of the pre-retirement death benefit that accrued and vested on and after January 1,
2005 shall be paid to the Beneficiary in the form of a single lump sum payment no later than the later of December 31 of the calendar year that includes the date of the Participant’s death or the 15th day of the third 

  

 22 

 
calendar month following the date of the Participant’s death unless prior to his death the Participant elected pursuant to Section VI.D.2.b to receive
his BEP Benefit in the form of a lump sum credit to his BEP-Savings Plan Account, in which case the pre-retirement death benefit shall be paid as a lump sum credit to the Participant’s BEP-Savings Plan account no later than the later of
December 31 of the calendar year that includes the date of the Participant’s death or the 15th day of the third calendar month following
the date of the Participant’s death; and 
 iii. If the date of the
Participant’s Separation From Service is on or after January 1, 2007, the pre-retirement death benefit shall be paid to the Beneficiary in the form of a single lump sum payment no later than the later of December 31 of the calendar
year that includes the date of the Participant’s death or the 15th day of the third calendar month following the date of the Participant’s
death unless prior to his death the Participant elected pursuant to Section VI.E.2. to receive his BEP Benefit in the form of a lump sum credit to his BEP-Savings Plan Account, in which case the pre-retirement death benefit shall be paid as a lump
sum credit to the Participant’s BEP-Savings Plan account no later than the later of December 31 of the calendar year that includes the date of the Participant’s death or the 15th
 day of the third calendar month following the date of the Participant’s death. 
  

 23 

 2. Post-Retirement Survivor Annuities. In the event a Participant’s death is
after January 1, 1993 and after commencement of his BEP Benefit and the Participant’s BEP Benefit is payable in the form of a joint and survivor annuity, the Participant’s joint annuitant shall be determined as follows: 
 a. If the Participant has designated a joint annuitant under the applicable Retirement Plan, such person shall be deemed the joint annuitant for purposes
of this Plan. 
 b. If the Participant has not designated a joint annuitant under such Retirement Plan, or if no such joint annuitant is
living at the time of the Participant’s death, the joint annuitant for purposes of this Plan shall be the person or persons who would otherwise be entitled to receive a distribution of the Participant’s Retirement Plan benefits in the
event of the Participant’s death. 
 Payment to one or more of such persons shall completely discharge the Plan with respect to the
amount so paid. 
 I. Other Permissible Payment Events. Benefits under the Plan may be paid if and to the extent reasonably necessary
to permit the Participant to avoid the violation of an applicable Federal, state, local or foreign ethics law or conflicts of interest law within the meaning of final Treas. Reg. Section 1.409A-3(j)(4)(iii)(B). 
 J. No Post-Separation Elections. Notwithstanding anything herein to the contrary, a Participant may not make any election(s) regarding the time
and form of the payment of his Benefits subsequent to his Separation From Service. 
  

 24 

 K. Reemployment. 
 1. If a Participant’s Benefits have not been fully distributed under the Plan and the Participant commences re-employment with a
Participating Employer or a subsidiary or affiliate of the Company, Benefits shall continue to be paid to the Participant in accordance with his payment election and in accordance with the terms of this Plan. Upon commencement of such re-employment
with a Participating Employer, the Participant will accrue additional Benefits in accordance with the terms of this Plan on all service with his Participating Employer(s) (pre and post re-employment); provided, however, that, upon the
Participant’s subsequent Separation From Service, the Participant’s Benefits will be offset by the value of Benefits previously paid, if any. The form of payment of the Participant’s Benefits after the subsequent Separation From
Service shall be determined in accordance with the Plan provisions applicable to Separations From Service that occur on the date the subsequent Separation From Service occurs, notwithstanding any prior election made by the Participant. 

2. If a Participant’s Benefits have been paid in a lump sum or have been credited to the BEP-Savings Plan, and the Participant
commences re-employment with a Participating Employer or a subsidiary or affiliate of the Company, the Participant, upon commencement of such re-employment with a Participating Employer, will accrue additional Benefits in accordance with the terms
of this Plan on all service with his Participating Employer(s) (pre and post re-employment); provided, however, that, upon the Participant’s subsequent Separation From Service, the Participant’s Benefits will be offset by the
value of Benefits previously paid or credited to the BEP-Savings Plan. The form of payment of the Participant’s Benefits after the subsequent Separation From Service shall be determined in accordance with the Plan provisions applicable to
Separations From Service that occur on the date the subsequent Separation From Service occurs, notwithstanding any prior election made by the Participant. 
  

 25 

 XVI. Administration of the Plan. 
 A. Administration. The Pension Committee shall administer this Plan. As Plan Administrator, the Pension Committee shall have full discretionary
authority to determine all questions arising in connection with the Plan, including its interpretation, application and administration, may adopt procedural rules, and may employ and rely on such legal counsel, such actuaries, such accountants and
such agents as it may deem advisable to assist in the administration of the Plan. Any and all decisions of the Pension Committee as to interpretation or application of this Plan shall be conclusive and binding on all persons, shall be given full
force and effect, and shall be reviewed by any court or arbitrator on an arbitrary and capricious standard, rather than a de novo standard. 
 B. Delegation. The Pension Committee may (1) designate a person or persons and/or appoint an administrative committee to carry out the day-to-day administration of the Plan, and (2) authorize any
agent to execute or deliver any instrument or make any payment on the Pension Committee’s behalf or provide such services as the Pension Committee may require in carrying out the provisions of the Plan. 
 C. Limitation of Liability. Neither the Pension Committee nor any member of the Board of Directors nor any officer, employee or agent of the
Company shall incur any liability individually or on behalf of any other individuals or on behalf of the Company for any act, or failure to act, in relation to the Plan or the funds of the Plan unless such action or inaction is adjudged to be due to
fraud. The Pension Committee and each member of the Board of Directors shall be entitled, in good faith, to rely or act upon any report or 

  

 26 

 
other information furnished to him by any other officer or other employee of the Company, the Company’s independent certified public accountants, or any
executive compensation consultant, legal counsel or other professional retained by the Company. None of the Pension Committee, the Compensation Committee or any member of the Board of Directors shall be entitled to act on or decide any matter
relating solely to himself or any of his rights or benefits under the Plan. 
 D. Indemnification. The Pension Committee, each member
of the Board of Directors of the Company and their delegates, and the officers, employees and agents of the Company shall be indemnified by the Company against any and all liabilities arising by reason of any act, or failure to act, in relation to
the Plan or the funds of the Plan, including, without limitation, expenses incurred in the defense of any claim relating to the Plan or the funds of the Plan, and amounts paid in any compromise or settlement relating to the Plan or the funds of the
Plan, unless such action or inaction is adjudged to be due to fraud. 
 E. Claims Procedure. All claims for benefits under the Plan
shall be submitted and reviewed in accordance with the Claims Appeal Guidelines. No claimant shall institute any action or proceeding in any state or federal court of law or equity or before any administrative tribunal or arbitrator for a claim of
benefits under the Plan until the claimant has first exhausted the Plan’s review procedures set forth in the Claims Appeal Guidelines. Any and all decisions of the Company pursuant to the Claims Appeal Guidelines shall be conclusive and binding
on all persons, shall be given full force and effect, and shall be reviewed by any court or arbitrator on an arbitrary and capricious standard, rather than a de novo standard. 
 F. Expense. Expenses of the Pension Committee attributable to the administration of the Plan shall be paid directly by the Company. 
  

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 XVII. General Provisions. 
 A. Termination of the Plan. The Board of Directors of the Company reserves the right to terminate the Plan at any time, provided, however, that no termination shall be effective retroactively. As
of the effective date of termination of the Plan: 
 1. The Benefits of any Participant (or his Beneficiary) whose Benefits
payments have commenced shall continue to be paid; 
 2. No further Benefits shall accrue on behalf of any Participant whose
Benefits payments have not commenced and such Participant (or his Beneficiary) shall retain the right to Benefits hereunder; and 
 3. Benefits payments that have not commenced as of the Plan termination date may be accelerated provided that (a) the Company’s termination and liquidation of the Plan does not occur proximate to a downturn in the financial health
of the Company, (b) no payment of Benefits are made earlier than 12 months after all action necessary to irrevocably terminate and liquidate the Plan has been completed other than payments that would be payable under the terms of the Plan if
the action to terminate and liquidate the Plan had not occurred, (c) all payment of Benefits are completed within 24 months thereafter, (d) all other nonqualified defined benefit pension plans maintained by the Company are terminated with
respect to all participants in such plans and such plans would be aggregated under final Treas. Reg. Section 1.409A-1(c), (e) the Company does not adopt a new plan that would be aggregated with any terminated plan under final Treas. Reg.
Section 1.409A-1(c) if the Participant participated in both plans, at any time within three years following the date the Company takes all necessary action to irrevocably terminate and liquidate the Plan, and (f) the conditions of final
Treas. Reg. Section 1.409A-3(j)(ix)(C) are satisfied. 
  

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 B. Plan Not a Contract of Employment. Nothing in this Plan shall be construed as giving any
employee the right to be retained in the employ of any participating employer. Each participating employer in the Plan expressly reserves the right to dismiss any employee at any time without regard to the effect which such dismissal might have upon
him under the Plan. 
 C. Amendment. This Plan may be amended at any time by the Compensation Committee of the Board of Directors of
the Company, or by the Pension Committee at any time in accordance with the materiality guidelines regarding modifications to employee benefit plans established by the Compensation Committee, except that no such amendment shall deprive any
Participant of his Benefits accrued and vested at the time of such amendment. 
 D. Funding. All amounts payable in accordance with
this Plan shall constitute a general unsecured obligation of the Company and the other Participating Employers. Benefits payable under this Plan, as well as any administrative costs related to the Plan, shall not be funded and shall be made out of
the general assets of the Company and the other Participating Employers or any grantor trust established for this purpose. 
 The Company
may, in its discretion, establish a grantor trust for the benefit of the Participants of the Plan. The assets placed in such trust shall be held separate and apart from other Company funds and shall be used exclusively for the purposes set forth in
the Plan and the applicable trust agreement, subject to the following conditions: 
 1. the creation of said trust shall not
cause the Plan to be other than “unfunded” for purposes of Title I of ERISA; 
  

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 2. the Company shall be treated as “grantor” of said trust for purposes of
Section 677 of the Code; 
 3. the agreement of such trust shall provide that its assets may be used upon the insolvency
or bankruptcy of the Company to satisfy claims of the Company’s general creditors and that the rights of such general creditors are enforceable by them under federal and state law; 
 4. the trust shall not be established as an offshore trust; and 
 5. the trust shall not provide that its assets will become restricted to the payment of Benefits in the event of a change in the financial
health of the Company. 
 To the extent that a grantor trust is established by the Company, the Pension Committee may from time to time
reserve unto itself the right to vote any shares of equity securities held in a pension trust fund or may permit such other committee, or investment manager or managers as it may designate to exercise such responsibility. 
 No Participant or Beneficiary shall have any right, title or interest whatsoever in or to any investments that the Company may make to aid the Company in
meeting its obligation hereunder or assets held by any trust. Nothing contained in this Plan, and no action taken pursuant to its provisions, shall create or be construed to create a trust of any kind, or a fiduciary relationship, between the
Company and any Participant or Beneficiary. To the extent that any person acquires a right to receive payments from the Company hereunder, such rights are no greater than the right of an unsecured general creditor of the Company. 
 E. Withholding Taxes. The Company shall deduct from any payment made under the Plan the amount of withholding taxes due any federal, state or
local authority in respect of such payment and take such other action as may be necessary in the opinion of the Company to satisfy all obligations for payment of such withholding. 
  

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 F. Compliance with Code Section 409A. 
 1. It is intended that the terms of the Plan and Participant and Beneficiary rights hereunder meet applicable requirements of Code
Section 409A and the final Treasury Regulations promulgated thereunder so that a Participant or Beneficiary is not deemed to be in constructive receipt of compensation until such time as benefits are actually paid. The Plan shall be interpreted
and administered to the extent possible in a manner consistent with the foregoing statement of intent. 
 2. In each case
where the Plan provides for the payment of Benefits that were accrued or vested after December 31, 2004 within a designated period of time after Separation From Service (e.g., within 90 days after Separation From Service) and such period begins
and ends in different calendar years, the exact payment date within such range shall be determined by the Plan Administrator, in its sole discretion, and the Participant shall have no right to designate the year in which the payment shall be made.

 3. If the Participant (or his Beneficiary) notifies the Pension Committee (with specificity as to the reason therefore)
that the Participant (or his Beneficiary) believes that any provision of this Plan (or of any award of compensation) would cause the Participant (or his Beneficiary) to incur income tax prior to the receipt of payment or any additional tax or
interest under Code Section 409A and, upon notice, the Pension Committee or its designee concurs with such belief, or if the Pension Committee or its designee (without any obligation whatsoever to do so) independently makes such determination,
the Pension Committee or its designee shall, after consulting with the Participant (or the Beneficiary), reform such provision to the extent possible to attempt to comply with Code Section 409A or to be exempt from Code Section 409A.

  

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 4. In no event whatsoever shall the Company be liable for any additional tax interest or
penalties that may be imposed on the Participant (or his Beneficiary) as a result of Code Section 409A or any damages for failing to comply with Code Section 409A. 
 G. Construction. 
 1.
This Plan shall be construed, regulated, administered and enforced under the laws of the State of New York, without regard to its conflict of laws provisions, to the extent such laws are not superseded by applicable federal law. 
 2. Whenever appropriate, words used herein in the singular may be read in the plural, or words used herein in the plural may be read in
the singular; the masculine may include the feminine. 
 3. The illegality of any particular provision of this document shall
not affect the other provisions and the document shall be construed in all respects as if such invalid provision were omitted. 
 4. Headings and subheadings in the Plan are for reference only, and if there is any conflict between such headings or subheadings and the text of the Plan, the text shall control. 
 H. Successors and Assigns. The Plan shall be binding on the Company’s successors and assigns. No right, title or interest of any kind in the
Plan shall be transferable or assignable by a Participant (or his Beneficiary) or be subject to alienation, anticipation, sale, pledge, encumbrance, garnishment, attachment, levy, execution or other legal or equitable process, nor be subject to
debts, contracts, 

  

 32 

 
liabilities or engagements, or torts of any Participant (or his Beneficiary). Any attempt to alienate, sell, transfer, assign, pledge, garnish, attach or
take any other action subject to legal or equitable process or encumber or dispose of any interest in the Plan shall be void. 
 XVIII. Effective
Date. 
 This amended and restated Plan shall be effective as of January 1, 2007, except as otherwise specified herein.

  

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 EXHIBIT A 
 [Insert Claims Appeal Guidelines]

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