SEC Contract Filing

Filing Date: 2020-02-24

Document Content:
<DOCUMENT>
<TYPE>EX-10.LL
<SEQUENCE>16
<FILENAME>bmy-20191231exhibit10ll.htm
<DESCRIPTION>RSU AGREEMENT WITH 4-YEAR VESTING UNDER THE 2017 STOCK INCENTIVE PLAN
<TEXT>
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<div><a name="s4EBE7BABFAB5EE47D6A8642CC3576172"></a></div><div><div style="line-height:130%;padding-bottom:10px;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:130%;padding-bottom:10px;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">EXHIBIT 10ll</font></div></div><div><br></div><div style="line-height:115%;text-align:center;"><img src="bmslogo2019exhibits.jpg" alt="bmslogo2019exhibits.jpg" style="font-size:12pt;font-weight:bold;height:26px;width:296px;"></div><div style="line-height:115%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">RESTRICTED STOCK UNITS AGREEMENT</font></div><div style="line-height:115%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">UNDER THE BRISTOL-MYERS SQUIBB COMPANY</font></div><div style="line-height:115%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">2017 STOCK INCENTIVE PLAN</font></div><div style="line-height:115%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">BRISTOL-MYERS SQUIBB COMPANY, a Delaware corporation (the &#8220;Company&#8221;), has granted to you the Restricted Stock Units (&#8220;RSUs&#8221;) specified in the Grant Summary located on the Stock Plan Administrator&#8217;s website, which is incorporated into this Restricted Stock Units Agreement (the &#8220;Agreement&#8221;) and deemed to be a part hereof. The RSUs have been granted to you under Article 9 of the 2017 Stock Incentive Plan (the &#8220;Plan&#8221;), on the terms and conditions specified in the Grant Summary and this Agreement. The terms and conditions of the Plan and the Grant Summary are hereby incorporated by reference into and made a part of this Agreement. Capitalized terms used in this Agreement that are not specifically defined herein shall have the meanings ascribed to such terms in the Plan and in the Grant Summary.</font></div><div style="line-height:115%;padding-left:0px;padding-bottom:16px;text-align:justify;text-indent:48px;"><font style="padding-bottom:16px;text-align:justify;font-family:inherit;font-size:12pt;color:#010000;padding-right:48px;">1.</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">RESTRICTED STOCK UNITS AWARD</font></div><div style="line-height:115%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The Compensation and Management Development Committee of the Board of Directors of Bristol-Myers Squibb Company (the &#8220;Committee&#8221;) has granted to you as of the Award Date an Award of RSUs as designated herein subject to the terms, conditions, and restrictions set forth in this Agreement and the Plan. Each RSU shall represent the conditional right to receive, upon settlement of the RSU, one share of Bristol-Myers Squibb Common Stock (&#8220;Common Stock&#8221;) or, at the discretion of the Company, the cash equivalent thereof (subject to any tax withholding as described in Section 4). The purpose of such Award is to motivate and retain you as an employee of the Company or a subsidiary of the Company, to encourage you to continue to give your best efforts for the Company&#8217;s future success, and to increase your proprietary interest in the Company. Except as may be required by law, you are not required to make any payment (other than payments for taxes pursuant to Section 4 hereof) or provide any consideration other than the rendering of future services to the Company or a subsidiary of the Company.</font></div><div style="line-height:115%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;color:#010000;">2.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">RESTRICTIONS, FORFEITURES, AND SETTLEMENT</font></div><div style="line-height:115%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Except as otherwise provided in this Section 2, each RSU shall be subject to the restrictions and conditions set forth herein during the period from the Award Date until the date such RSU has become vested and non-forfeitable such that there are no longer any RSUs that may become potentially vested and non-forfeitable (the &#8220;Restricted Period&#8221;). Vesting of the RSUs is conditioned upon you remaining continuously employed by the Company or a subsidiary of the Company from the Award Date until the relevant vesting date, subject to the provisions of this Section 2. Assuming satisfaction of such employment conditions, 25% of the RSUs shall vest on each of the first four anniversaries of the Award Date (each, a &#8220;Vesting Date&#8221;). As a condition to receiving and holding the Award, you hereby (i) agree that this Section 2 of the Agreement will apply upon any termination and that, if applicable, Section 6(e) of the Celgene Corporation U.S. Employee Change in Control Severance Plan (as may be amended from time to time, the &#8220;Celgene Severance Plan&#8221;), will not apply, (ii) agree that the actual or deemed acceptance of this Award constitutes written consent to t