SEC Contract Filing

Filing Date: 2023-02-24

Document Content:
<DOCUMENT>
<TYPE>EX-10.29
<SEQUENCE>11
<FILENAME>exhibit1029-2020annualceop.htm
<DESCRIPTION>EXHIBIT-10.29 2020 ANNUAL CEO PSU TERMS AND CONDITIONS
<TEXT>
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<title>Document</title></head><body><div id="ida2e4236b5fa4018a27581f374991eec_1"></div><div style="min-height:33.12pt;width:100%"><div><font><br></font></div></div><div style="text-align:right"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Exhibit 10.29</font></div><div style="padding-left:77.01pt;padding-right:77.01pt;text-align:center"><font><br></font></div><div style="padding-left:77.01pt;padding-right:77.01pt;text-align:center"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:11pt;font-weight:700;line-height:100%">2020 CEO PERFORMANCE SHARE UNIT AWARD TERMS</font></div><div style="padding-left:63.82pt;padding-right:63.82pt;text-align:center"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:11pt;font-weight:700;line-height:100%">UNDER THE</font></div><div style="padding-left:63.82pt;padding-right:63.82pt;text-align:center"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:11pt;font-weight:700;line-height:100%">MERCK &#38; CO., INC. 2019 STOCK INCENTIVE PLAN</font></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:46.240%"><div style="margin-top:0.5pt"><font><br></font></div><div style="margin-top:0.5pt"><font><br></font></div><div style="margin-top:0.5pt;padding-left:13.5pt;text-indent:-9pt"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:11pt;font-weight:700;line-height:100%">I.</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:11pt;font-weight:700;line-height:100%;padding-left:4pt">GENERAL.</font><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:11pt;font-weight:400;line-height:100%"> These Performance Share Units (&#8220;PSUs&#8221;) are granted under and subject to the following Award Terms and the Merck &#38; Co., Inc. 2019 Stock Incentive Plan (the &#34;Merck ISP&#34;). The Company has announced its intention to spin-off (the &#8220;Spin-Off&#8221;) certain products into a new, yet-to-be-named, independent, publicly traded company (&#8220;NewCo&#8221;) during the first half of 2021 (&#8220;Spin-Date&#8221;). As appropriate, the Company will be referred to as OriginalCo before the Spin-Date, and on and after the Spin-Date as RemainCo. Collectively, OriginalCo and RemainCo are the &#8220;Company.&#8221;</font></div></div><div style="display:inline-block;max-width:7.518%;min-width:6.518%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:46.242%"><div style="margin-top:0.5pt"><font><br></font></div><div style="margin-top:0.5pt"><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:11pt;font-weight:700;line-height:100%">Grant Type&#58;</font></td><td colspan="3" style="border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.75pt;padding-right:2.75pt;text-indent:-0.05pt"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:11pt;font-weight:400;line-height:102%">PSU &#8211; CEO</font></div></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:11pt;font-weight:700;line-height:100%">Grant Date&#58; Award</font></td><td colspan="3" style="border-right:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-top:0.6pt;padding-left:2.75pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:11pt;font-weight:400;line-height:100%">March 31, 2020</font></div></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:11pt;font-weight:700;line-height:100%">Period&#58;</font></td><td colspan="3" style="border-bottom:1pt solid #000;border-right:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-top:0.6pt;padding-left:2.75pt;padding-right:2.75pt"><font style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Jan. 1, 2020 &#8211; Dec. 31, 2022</font></div></td></tr></table></div><div style="margin-top:0.5pt"><font><br></font></div><div style="margin-top:0.5pt"><font><br></font></div><div style="margin-top:0.5pt"><font><br></font></div><div style="margin-top:0.5pt"><font><br></font></div><div style="margin-top:0.5pt"><font><br></font></div></div></div><div style="margin-top:0.5pt"><font><br></font></div><div id="ida2e4236b5fa4018a27581f374991eec_4"></div><div style="margin-top:0.05pt"><font><br></font></div><div style="padding-left:5.4pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000000;bo