QuickLinks -- Click here to rapidly navigate through this document
SERVICE ANNIVERSARY STOCK PLAN
The following constitutes the provisions of the Service Anniversary Stock Plan ("Plan") of Hewlett-Packard Company
("Employer" or "Company"):
PURPOSE. The Plan is designed to recognize the Company's appreciation for long service to the Company by its
APPLICABILITY TO PARTICIPATING SUBSIDIARIES. A participating subsidiary is any subsidiary or affiliated
corporation of Hewlett-Packard Company which shall be authorized to participate under the Plan by the Board of
Directors of Hewlett-Packard Company. In the event and so long as a subsidiary corporation of Hewlett-Packard
Company is a participating subsidiary, the term "employees" as used in the Plan shall be deemed to include the
employees of such subsidiary and the term "employer" shall be deemed to mean such subsidiary as to its participating
ELIGIBILITY. All full-time and regular part-time (20 hours or more per week on a regular schedule) employees who have
completed increments of ten years of continued service to the Employer are eligible.
STOCK AWARD. After the completion of ten, twenty, thirty, forty, or fifty years of eligible service, an employee will be
eligible to receive a stock award consisting of ten shares of Hewlett-Packard Company common stock. Awards will be
made by December 31 st of each year, unless altered by the Board of Directors, with awards made to individuals who
have attained the requisite service milestone or will attain such service milestone by December 31st of the year in which
the Award is made.
CASH AWARDS IN LIEU OF STOCK. For subsidiary corporations in countries where a stock award is illegal or
impractical, a cash award equivalent to the fair market value of ten shares of stock may be paid in lieu of the stock award
as determined to be appropriate by the Board of Directors.