SEC Contract Filing

Filing Date: 2023-05-05

Document Content:
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<TYPE>EX-10.1
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<FILENAME>abbv-20230331xex101.htm
<DESCRIPTION>EXHIBIT 10.1
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<DIV><FONT size="1" style="font-size:1pt;color:white">Exhibit 10.1 Performance Vested Restricted Stock Unit Agreement (2023) ABBVIE INC. PERFORMANCE-VESTED RESTRICTED STOCK UNIT AGREEMENT On this &lt;&lt;OPTION DATE (MONTH DD, YYYY)&gt;&gt; (the &#8220;Grant Date&#8221;), AbbVie Inc. (the &#8220;Company&#8221;) hereby grants to &lt;&lt;FIRST NAME&gt;&gt; &lt;&lt;LAST NAME&gt;&gt; (the &#8220;Employee&#8221;) a Performance- Vested Restricted Stock Unit Award (the &#8220;Award&#8221;) of &lt;&lt;TOTAL SHARES GRANTED (999,999,999)&gt;&gt; restricted stock units (the &#8220;Units&#8221;). The actual number of shares of Company common stock (the &#8220;Shares&#8221;) that may be issued under this Award will be determined in accordance with this Agreement by reference to the number of Units set forth above. The Award is granted under the Program and is subject to the provisions of the Program, the Program prospectus, the Program administrative rules, applicable Company policies, and the terms and conditions set forth in this Agreement. In the event of any inconsistency among the provisions of this Agreement, the provisions of the Program, the Program prospectus, and the Program administrative rules, the provisions of the Program shall control. The terms and conditions of the Award are as follows: 1. Definitions. To the extent not defined herein, capitalized terms shall have the same meaning as in the Program. (a) Agreement: This Performance-Vested Restricted Stock Unit Agreement. (b) Cause: Unless otherwise defined in the Employee&#8217;s Change in Control Agreement, cause shall mean the following, as determined by the Company in its sole discretion: (i) material breach by the Employee of the terms and conditions of the Employee&#8217;s employment, including, but not limited to: (A) material breach by the Employee of the Code of Business Conduct; (B) material breach by the Employee of the Employee&#8217;s Employee Agreement or employment contract, if any; (C) commission by the Employee of an act of fraud, embezzlement or theft in connection with the Employee&#8217;s duties or in the course of the Employee&#8217;s employment; (D) wrongful disclosure by the Employee of secret processes or confidential information of the Company or any of its Subsidiaries; or (E) failure by the Employee to substantially perform the duties of the Employee&#8217;s employment (other than any such failure resulting from the Employee&#8217;s Disability); or (ii) to the extent permitted by applicable law, engagement by the Employee, directly or indirectly, for the benefit of the Employee or others, in any activity, employment or business which is competitive with the Company or any of its Subsidiaries. (c) Change in Control Agreement: An agreement regarding Change in Control in effect between the Company (or the Surviving Entity) and the Employee. </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white">2 Performance Vested Restricted Stock Unit Agreement (2023) (d) Code of Business Conduct: The Company&#8217;s Code of Business Conduct, as amended from time to time. (e) Controlled Group: AbbVie Inc. and any corporation, partnership and proprietorship under common control (as defined under the aggregation rules of Code Section 414 (b), (c), or (m)) with AbbVie Inc. (f) Data: Certain personal information about the Employee held by the Company and the Subsidiary that employs the Employee (if applicable), including (but not limited to) the Employee&#8217;s name, home address and telephone number, email address, date of birth, social security, passport or other identification number, salary, nationality, job title, any Shares held in the Company, details of all Awards or any other entitlement to Shares awarded, canceled, purchased, vested, unvested or outstanding in the Employee&#8217;s favor, for the purpose of managing and administering the Program. (g) Disability: Sickness or accidental bodily injury, directly and independently of all other causes, that disables the Employee so that the Employee is completely prevented from performing all the duties of his or her occupation or employment. (h) Employee Agreement: The Employee Agreement entered into by and between the Company or a Subsidiary and the Employee as it may be amended from time to time. (i) Employee&#8217;s Representative: The Employee&#8217;s legal guardian or other legal representative. (j) Good Reason: Unless otherwise defined in the Employee&#8217;s Change in Control Agreement, good reason shall mean the occurrence of any of the following circumstances without the Employee&#8217;s express written consent: (i) a significant adverse change in the nature, scope or status of the Employee&#8217;s position, authorities or duties from those in effect immediately prior to the Change in Control, including, without limitation, if the Employee was, immediately prior to the Change in Control, an officer of a public company, the Employee ceasing to be an officer of a public company; (ii) the failure by the Company or a Subsidiary to pay the Employee any portion of the Employee&#8217;s current compensation, or to pay the Employee any portion of any installment of deferred compensation under any deferred compensation program of the Company, within seven days of the date such compensation is due; (iii) a reduction