EXECUTIVE DEFERRED COMPENSATION PLAN
(Amended and Restated effective November 1, 1999)
SECTION 1. ESTABLISHMENT AND PURPOSE OF PLAN
The Hewlett-Packard Company Executive Deferred Compensation Plan was adopted and established effective
January 1, 1994, and has been amended from time to time. The Plan provides deferred compensation for a select
group of management or highly compensated employees as established in Title I of ERISA. Effective November
1, 1999, the Plan is hereby amended and restated.
The Plan is intended to be an unfunded and unsecured deferred compensation arrangement between the
Participant and the Company, in which the Participant agrees to give up a portion of the Participant's current
compensation in exchange for the Company's unfunded and unsecured promise to make a deferred payment at a
future date, as specified in Section 6. The Company retains the right, as provided in Section 14, to amend or
terminate the Plan at any time. Certain capitalized words used in the text of the Plan are defined in
Section 21 in alphabetical order.
SECTION 2. PARTICIPATION IN THE PLAN
2.1 PARTICIPATION IN GENERAL. Employees on the U.S. payroll of the Company are eligible to defer
Base Pay or Bonuses under the Plan if they have Base Pay, at the time of election as specified in Section 3, equal
to or in excess of the sum of (1) the amount defined in Code section 40l(a)(17), as adjusted by the Secretary of
the Treasury under Code section 415(d), in effect on January 1 of the calendar year for which amounts are to be
deferred, plus (2) $6,000.
2.2 TRANSITION PERIOD PARTICIPATION. Any Participant in HP's or Agilent's Plan who, during the
Transition Period, changes employment to the other of such companies, shall commence participation in the
company's Plan to which the employee transfers. All existing deferral elections, beneficiary designations, and any
other documentation or information on file with the Plan in which the employee participated at