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STOCK OPTION AGREEMENT (NON-QUALIFIED)
THIS AGREEMENT, dated <GRANT DATE> ("Grant Date") between HEWLETT-PACKARD COMPANY, a Delaware
corporation ("Company"), and <EMPNO> <NAME> ("Employee"), is entered into as follows:
WHEREAS, the Company has established the <PLAN> ("Plan"), a copy of which can be found on the Stock Incentive
Program Web Site at: http://hrcms01.atl.hp.com:6047/public/pages/home/en_US/index.htm or by written or telephonic 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 delegates ("Committee")
has determined that the Employee shall be granted an option under the Plan as hereinafter set forth;
NOW THEREFORE, the parties hereby agree that the Company grants the Employee an option ("Option") to purchase
<SHARES> shares of its $0.01 par value voting Common Stock upon the terms and conditions set forth herein.
This Option is granted under and pursuant to the Plan and is subject to each and all of the provisions thereof.
The Option price shall be <PRICE> per share.
This Option is not transferable by the Employee otherwise than by will or the laws of descent and distribution, and is
exercisable only by the Employee during his lifetime. This Option may not be transferred, assigned, pledged or
hypothecated by the Employee during his lifetime, whether by operation of law or otherwise, and is not subject to
execution, attachment or similar process.
This Option may not be exercised before the first anniversary of the date hereof, nor may it be exercised as to more than
one-fourth the number of shares covered herein before the second anniversary hereof, nor may it be exercised as to
more than one-half of the number of shares covered herein before the third anniversary her