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LONG-TERM PERFORMANCE CASH AWARD AGREEMENT
[Insert Applicable Period Here]
THIS AGREEMENT, dated ‹GRANT DATE› ("Grant Date") between HEWLETT-PACKARD COMPANY, a Delaware
corporation ("Company"), and ‹EMPNO›‹NAME› (the "Employee"), is entered into as follows:
WHEREAS, the Company has established the ‹PLAN› ("Plan"), a copy of which is available at the Stock Incentive Program
Web Site at: http://persweb.corp.hp.com/comp/employee/program/sip/stok_opt.htm or by written request to the Company
Secretary, and which Plan is made a part hereof; and
WHEREAS, the HR and Compensation Committee of the Board of Directors of the Company or its delegate(s) (the
"Committee") has determined that the Employee shall be granted a cash award agreement ("Agreement") under the Plan as
hereinafter set forth;
NOW THEREFORE, the parties hereby agree that the Company grants the Employee a cash award underlying this
Agreement ("Cash Award") of ‹CURRENCY SYMBOL›‹AMOUNT› subject to the terms and conditions set forth herein.
This Agreement is granted under and pursuant to the Plan and is subject to each and all of the provisions thereof.
The Employee's Cash Award shall vest on the third anniversary of the Grant Date; provided that the Employee satifies
the milestones and performance conditions set forth in paragraph 3 below, as determined by the Committee.
Notwithstanding the foregoing, the Employee must remain in the employ of the Company on a continuous, full-time
basis through the close of business on the third anniversary of the Grant Date, for such Cash Award to vest, subject to
paragraphs 6-9 of this Agreement. The period of time between the Grant Date and the date the Employee's Cash Award
becomes vested is referred to herein as the "Restriction Period."
3. Milestones and Performance Conditions