Form of Award Notice
Exhibit 10.3
Form of Award Notice
[The information set forth in this Award Notice will be contained on the related pages on Xxxxxxx
Xxxxx Benefits Website (or the website of any successor company to Xxxxxxx Xxxxx Bank & Trust Co.,
FSB). This Award Notice shall be replaced by the equivalent pages on such website. References to
Award Notice in this Agreement shall then refer to the equivalent pages on such website ]
This notice of Award (the “Award Notice”) sets forth certain details relating to the grant
by the Company to you of the Award identified below, pursuant to the Plan. The terms of this Award
Notice are incorporated into the Agreement that accompanies this Award Notice and made of part of
the Agreement. Capitalized terms used in this Award Notice that are not otherwise defined in this
Award Notice have the meanings given to such terms in the Agreement.
Employee: |
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Employee ID: |
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Address: |
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Award Type: |
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Grant ID: |
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Plan:
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Amgen Inc. 2009 Equity Incentive Plan | |
Grant Date: |
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Xxxxx Xxxxx:
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$________ | |
Number of Shares: |
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Number of Units |
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Expiration Date:
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The [______ (___th)] anniversary of the date of this Award | |
Vesting Date:
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Means the vesting date indicated in the Vesting Schedule | |
Vesting Schedule:
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Means the schedule of vesting set forth under Vesting Details | |
Vesting Details:
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Means the presentation (tabular or otherwise) of the Vesting Date and the quantity of Shares vesting. |
RESTRICTED STOCK UNIT AGREEMENT
THE SPECIFIC TERMS OF YOUR GRANT OF RESTRICTED STOCK UNITS ARE FOUND IN THE PAGES RELATING TO THE
GRANT OF RESTRICTED STOCK UNITS FOUND ON XXXXXXX XXXXX BENEFITS WEBSITE (OR THE WEBSITE OF ANY
SUCCESSOR COMPANY TO XXXXXXX XXXXX BANK & TRUST CO., FSB) (THE “AWARD NOTICE”) WHICH
ACCOMPANIES THIS DOCUMENT. THE TERMS OF THE AWARD NOTICE ARE INCORPORATED INTO THIS RESTRICTED
STOCK UNIT AGREEMENT.
On the Grant Date specified in the Award Notice, Amgen Inc., a Delaware corporation (the
“Company”), has granted to you, the grantee named in the Award Notice, under the plan
specified in the Award Notice (the “Plan”), the Number of Units with respect to the number
of shares of the $.0001 par value common stock of the Company (the “Shares”) specified in
the Award Notice, on the terms and conditions set forth in this Restricted Stock Unit Agreement,
any special terms and conditions for your country set forth in the attached Appendix A and
the Award Notice (together, the “Agreement”). The Units shall constitute Restricted Stock
Units under Section 9.5 of the Plan, which is incorporated herein by reference. Capitalized terms
not defined herein shall have the meanings assigned to such terms in the Plan.
I. Vesting Schedule and Termination of Units.
a. | General. Subject to the terms and conditions of this Agreement, on each Vesting Date, the Number of Units indicated on the Vesting Schedule shall vest, provided that you have remained continuously and actively employed with the Company or an Affiliate (as defined in the Plan) through each applicable Vesting Date, unless (i) your employment has terminated due to your Voluntary Termination (as defined in paragraph (d) of this Section I below), (ii) you experience a Qualified Termination (as defined below), or (iii) as otherwise determined by the Company in the exercise of its discretion as provided in paragraph (f) of this Section I. The Units represent an unfunded, unsecured promise by the Company to deliver Shares. Only whole Shares shall be issued upon vesting of the Units, and the Company shall be under no obligation to issue any fractional Shares to you. If your employment with the Company or an Affiliate is terminated for any reason or for no reason, including if your active employment is terminated by the Company or an Affiliate without Cause (as defined below), or in the event of any other termination of your active employment caused directly or indirectly by the Company or an Affiliate, except as otherwise provided in paragraphs (b), (c), (d), (e) or (f) of this Section I below, your unvested Units shall automatically expire and terminate on the date of termination of your active employment. Notwithstanding anything herein to the contrary, the Vesting Schedule may be accelerated (by notice in writing) by the Company in its sole discretion at any time during the term of the Units. In addition, if not prohibited by local law, vesting may be suspended by the Company in its sole discretion during a leave of absence as provided from time to time according to Company policies and practices. |
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b. | Permanent and Total Disability. Notwithstanding the provisions in paragraph (a) above, if your employment with the Company or an Affiliate terminates due to your Permanent and Total Disability (as defined below), then the vesting of Units granted under this Agreement shall be accelerated, subject to your execution of a general release and waiver in a form provided by the Company, to vest as of the day immediately preceding such termination of your employment with respect to all Units granted hereunder, except that if the Units were granted in the calendar year in which such termination occurs, the Units shall be accelerated to vest with respect to a number of Units equal to the number of Units subject to this Agreement multiplied by a fraction, the numerator of which is the number of complete months you remained continuously and actively employed during such calendar year, and the denominator of which is twelve (12). |
c. | Death. Notwithstanding the provisions in paragraph (a) above, if your employment with the Company or an Affiliate terminates due to your death, then the vesting of Units granted under this Agreement shall be accelerated to vest as of the day immediately preceding your death with respect to all Units granted hereunder, except that if the Units were granted in the calendar year in which your death occurs the Units shall be accelerated to vest with respect to a number of Units equal to the number of Units subject to this Agreement multiplied by a fraction, the numerator of which is the number of complete months you remained continuously and actively employed during such calendar year, and the denominator of which is twelve (12). |
d. | Retirement. Notwithstanding the provisions in paragraph (a) above, if you terminate your employment with the Company or an Affiliate due to your voluntary termination (and such voluntary termination is not the result of Permanent and Total Disability (as defined below)) after you are at least sixty-five (65) years of age, or after you are at least fifty-five (55) years of age and have been an employee of the Company and/or an Affiliate for at least ten (10) years in the aggregate as determined by the Company in its sole discretion according to Company policies and practices as in effect from time to time (“Voluntary Termination”), then the Units will vest pursuant to the Vesting Schedule without regard to the termination of employment prior to the Vesting Date, subject to your execution of a general release and waiver in a form provided by the Company, with respect to all Units granted hereunder; provided, however, that if the Units were granted in the calendar year in which the Voluntary Termination occurs, the Units will vest pursuant to the Vesting Schedule provided in the Award Notice only with respect to a number of Units equal to the number of Units subject to this Agreement multiplied by a fraction, the numerator of which is the number of complete months you remained continuously and actively employed during such calendar year, and the denominator of which is twelve (12); notwithstanding the definition of Voluntary Termination set forth above, if the Company receives an opinion of counsel that there has been a legal judgment and/or legal development in your jurisdiction that would likely result in the favorable treatment upon Voluntary Termination described above being deemed unlawful and/or discriminatory, then the Committee will not apply the favorable treatment described above. |
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e. | Qualified Termination after a Change of Control. Notwithstanding the provisions in paragraph (a) above, in the event of a Qualified Termination (as defined below), then, to the extent permitted by applicable law, the vesting of Units granted under this Agreement shall be accelerated to vest as of the day immediately prior to the Qualified Termination. |
f. | Continued Vesting. Notwithstanding the provisions in paragraph (a) above, the Company may in its sole discretion at any time during the term of this Agreement, in writing, otherwise provide that the Units will vest pursuant to the Vesting Schedule without regard to the termination of employment prior to the Vesting Date, subject to any terms and conditions that the Company may determine. |
For purposes of this Agreement:
(i) “termination of your active employment” shall mean the last date that you are
either an active employee of the Company or an Affiliate or actively engaged as a Consultant or
Director of the Company or an Affiliate; in the event of termination of your employment (whether or
not in breach of local labor laws), your right to receive Units and vest under the Plan, if any,
will terminate effective as of the date that you are no longer actively employed and will not be
extended by any notice period mandated under local law (e.g., active employment would not include a
period of “garden leave” or similar period pursuant to local law);
(ii) “Cause” shall mean (i) your conviction of a felony, or (ii) your engaging in
conduct that constitutes willful gross neglect or willful gross misconduct in carrying out your
duties, resulting, in either case, in material economic harm to the Company, unless you believed in
good faith that such conduct was in, or not contrary to, the best interests of the Company. For
purposes of clause (ii) above, no act, or failure to act, on your part shall be deemed “willful”
unless done, or omitted to be done, by you not in good faith;
(iii) “Permanent and Total Disability” shall have the meaning ascribed to such term
under Section 22(e)(3) of the Code and with such permanent and total disability being certified
prior to termination of your employment by (i) the U.S. Social Security Administration, (ii) the
comparable governmental authority applicable to an Affiliate, (iii) such other body having the
relevant decision-making power applicable to an Affiliate, or (iv) an independent medical advisor
appointed by the Company in its sole discretion, as applicable, in any such case;
(iv) “Qualified Termination” shall mean
(a) | if you are an employee who participates in the Change of Control Plan (as defined below), your termination of employment within two (2) years following a Change of Control (i) by the Company other than for Cause, Disability (as defined below), or as a result of your death or (ii) by you for Good Reason (as defined in the Change of Control Plan); or |
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(b) | if you are an employee who does not participate in the Change of Control Plan or the Change of Control Plan is no longer in effect, your termination of employment within two (2) years following a Change of Control by the Company other than for Cause, Disability (as defined below), or as a result of your death; |
(v) “Change of Control” shall mean the occurrence of any of the following:
(A) the acquisition (other than from the Company) by any person, entity or “group,” within the
meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act (excluding, for this purpose, the
Company or any of its Affiliates, or any employee benefit plan of the Company or any of its
Affiliates which acquires beneficial ownership of voting securities of the Company), of beneficial
ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of fifty percent
(50%) or more of either the then-outstanding Shares or the combined voting power of the Company’s
then-outstanding voting securities entitled to vote generally in the election of directors; or
(B) individuals who, as of April 2, 1991, constitute the Board (the “Incumbent Board”)
cease for any reason to constitute at least a majority of the Board, provided that any person
becoming a director subsequent to April 2, 1991, whose election, or nomination for election by the
Company’s stockholders, was approved by a vote of at least a majority of the directors then
comprising the Incumbent Board (other than an election or nomination of an individual whose initial
assumption of office is in connection with an actual or threatened election contest relating to the
election of the Directors of the Company, as such terms are used in Rule 14a-11 of Regulation 14A
promulgated under the Exchange Act) shall be, for purposes of the Plan, considered as though such
person were a member of the Incumbent Board; or
(C) the consummation by the Company of a reorganization, merger, consolidation, (in each case,
with respect to which persons who were the stockholders of the Company immediately prior to such
reorganization, merger or consolidation do not, immediately thereafter, own more than fifty percent
(50%) of the combined voting power entitled to vote generally in the election of directors of the
reorganized, merged or consolidated company’s then-outstanding voting securities) or a liquidation
or dissolution of the Company or of the sale of all or substantially all of the assets of the
Company; or
(D) any other event which the Incumbent Board, in its sole discretion, determines shall
constitute a Change of Control.
Notwithstanding anything herein or in the Agreement to the contrary, if a Change of Control
constitutes a payment event with respect to any Unit that is subject to United States income tax
and which provides for a deferral of compensation that is subject to Section 409A of the Code, the
transaction or event described in subsection (A), (B), (C) or (D) above must also constitute a
“change in control event,” as defined in U.S. Treasury Regulation § 1.409A-3(i)(5), in order to
constitute a Change of Control for purposes of payment of such Unit.
(vi) “Change of Control Plan” shall mean the Company’s change of control and severance
plan, including the Amgen Inc. Change of Control Severance Plan, as amended and
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restated, effective as of December 9, 2010 (and any subsequent amendments thereto), or
equivalent plan governing the provision of benefits to eligible employees upon the occurrence of a
Change of Control (including resulting from a termination of employment that occurs within a
specified time period following a Change of Control), as in effect immediately prior to a Change of
Control; and
(vii) “Disability” shall be determined in accordance with the Company’s long-term
disability plan as in effect immediately prior to a Change of Control.
II. Form and Timing of Payment. Subject to satisfaction of tax or similar obligations
as provided for in Section III, any vested Units shall be paid by the Company in Shares (on a
one-to-one basis) on, or as soon as practicable after, the applicable Vesting Date (which, for
purposes of this Section II, includes the date of any accelerated vesting under Sections I(b), (c),
(d), (e) or (f) above); provided, however, that in no event shall the payment be
made after the close of your taxable year which includes the applicable Vesting Date or, if later,
after the 15th day of the third calendar month following the applicable Vesting Date.
Shares issued in respect of a Unit shall be deemed to be issued in consideration of past services
actually rendered by you to the Company or an Affiliate or for its benefit for which you have not
previously been compensated or for future services to be rendered, as the case may be, which the
Company deems to have a value at least equal to the aggregate par value thereof.
III. Tax Withholding; Issuance of Certificates. Regardless of any action the Company
or your actual employer (the “Employer”) takes with respect to any or all income tax
(including federal, state and local taxes), social insurance, payroll tax, payment on account or
other tax-related items related to your participation in the Plan and legally applicable to you
(“Tax Obligations”), you acknowledge that the ultimate liability for all Tax Obligations is
and remains your responsibility and may exceed the amount actually withheld by the Company and/or
your Employer. You further acknowledge that the Company and/or your Employer (i) make no
representations or undertakings regarding the treatment of any Tax Obligations in connection with
any aspect of the Units, including the grant of the Units, the vesting of Units, the conversion of
the Units into Shares or the receipt of an equivalent cash payment, the subsequent sale of any
Shares acquired at vesting and the receipt of any dividends, and (ii) do not commit to and are
under no obligation to structure the terms of the grant or any aspect of the Units to reduce or
eliminate your liability for Tax Obligations or achieve any particular tax result. Furthermore, if
you become subject to tax in more than one jurisdiction between the Grant Date and the date of any
relevant taxable event, you acknowledge that the Company and/or your Employer (or former employer,
as applicable) may be required to withhold or account for Tax Obligations in more than one
jurisdiction.
Prior to any relevant taxable or tax withholding event, as applicable, you shall pay, or make
adequate arrangements satisfactory to the Company or to your Employer (in their sole discretion) to
satisfy all Tax Obligations. In this regard, you authorize the Company and/or your Employer or
their respective agents, at their discretion, to satisfy all applicable Tax Obligations by one or a
combination of the following:
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(a) withholding from your wages or other cash compensation paid to you by the Company and/or
your Employer; or
(b) withholding from proceeds of the sale of Shares acquired upon vesting or payment of the
Units either through a voluntary sale or through a mandatory sale arranged by the Company (on your
behalf pursuant to this authorization); or
(c) withholding in Shares to be issued upon vesting or payment of the Units, provided that the
Company and your Employer shall only withhold an amount of Shares with a fair market value equal to
the Tax Obligations.
To avoid adverse accounting treatment, the Company may withhold or account for Tax Obligations
not to exceed the applicable minimum statutory withholding rates or other applicable withholding
rates. If the Tax Obligations are satisfied by withholding in Shares, for tax purposes, you are
deemed to have been issued the full number of Shares subject to the vested Units, notwithstanding
that a number of the Shares is held back solely for the purpose of paying the Tax Obligations due
as a result of any aspect of your participation in the Plan (any Shares withheld by the Company
hereunder shall not be deemed to have been issued by the Company for any purpose under the Plan and
shall remain available for issuance thereunder).
Finally, you shall pay to the Company or your Employer any amount of Tax Obligations that the
Company or your Employer may be required to withhold or account for as a result of your
participation in the Plan that cannot be satisfied by the means previously described. You agree to
take any further actions and execute any additional documents as may be necessary to effectuate the
provisions of this Section III. Notwithstanding Section II above, the Company may refuse to issue
or deliver the Shares or the proceeds of the sale of Shares if you fail to comply with your
obligations in connection with the Tax Obligations.
IV. Transferability. No benefit payable under, or interest in, this Agreement or in
the Shares that are scheduled to be issued to you hereunder shall be subject in any manner to
anticipation, alienation, sale, transfer, assignment, pledge, encumbrance or charge and any such
attempted action shall be void and no such benefit or interest shall be, in any manner, liable for,
or subject to, your or your beneficiary’s debts, contracts, liabilities or torts; provided,
however, nothing in this Section IV shall prevent transfer (i) by will or (ii) by
applicable laws of descent and distribution.
V. Notices. Any notices provided for in this Agreement or the Plan shall be given in
writing or electronically and shall be deemed effectively given upon receipt or, in the case of
notices delivered by the Company to you, five (5) days after deposit in the United States mail,
postage prepaid, addressed to you at such address as is currently maintained in the Company’s
records or at such other address as you hereafter designate by written notice to the Company Stock
Administrator. Such notices may be given using any automated system for the documentation,
granting or exercise of Awards, such as a system using an internet website or interactive voice
response, as approved by the Company.
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VI. Plan. This Agreement is subject to all the provisions of the Plan, which
provisions are hereby made a part of this Agreement, including without limitation the provisions of
Section 9.5 of the Plan relating to Restricted Stock Units, and is further subject to all
interpretations, amendments, rules and regulations which may from time to time be promulgated and
adopted pursuant to the Plan. In the event of any conflict between the provisions of this
Agreement and those of the Plan, the provisions of the Plan shall control.
VII. Governing Law. The terms of this Agreement shall be governed by the laws of the
State of Delaware without giving effect to principles of conflicts of laws. For purposes of
litigating any dispute that arises hereunder, the parties hereby submit to and consent to the
jurisdiction of the State of Delaware, and agree that such litigation shall be conducted in the
courts of the State of Delaware, or the federal courts for the United States for the federal
district located in the State of Delaware, and no other courts, where this Agreement is made and/or
to be performed.
VIII. Code Section 409A. The time and form of payment of the Units is intended to
comply with the requirements of Code Section 409A and this Agreement shall be interpreted in
accordance with Code Section 409A and U.S. Department of Treasury regulations and other
interpretive guidance issued thereunder, including without limitation any such regulations or other
guidance that may be issued after the Grant Date. Notwithstanding any provision herein to the
contrary, in the event that following the Grant Date, the Committee (as defined in the Plan)
determines that it may be necessary or appropriate to do so, the Committee may adopt such
amendments to the Plan and/or this Agreement or adopt other policies and procedures (including
amendments, policies and procedures with retroactive effect), or take any other actions, that the
Committee determines are necessary or appropriate to (a) exempt the Plan and/or the Units from the
application of Code Section 409A and/or preserve the intended tax treatment of the benefits
provided with respect to this Award, or (b) comply with the requirements of Code Section 409A;
provided, however, that this paragraph shall not create an obligation on the part
of the Committee to adopt any such amendment, policy or procedure or take any such other action.
IX. Acknowledgement. By electing to accept this Agreement, you acknowledge receipt of
this Agreement and hereby confirm your understanding that the terms set forth in this Agreement
constitute, subject to the terms of the Plan, which terms shall control in the event of any
conflict between the Plan and this Agreement, the entire agreement and understanding of the parties
with respect to the matters contained herein and supersede any and all prior agreements,
arrangements and understandings, both oral and written, between the parties concerning the subject
matter of this Agreement. The Company may, in its sole discretion, decide to deliver any documents
related to current or future participation in the Plan by electronic means. You hereby consent to
receive such documents by electronic delivery and agree to participate in the Plan through an
on-line or electronic system established and maintained by the Company or a third party designated
by the Company.
X. Acknowledgment of Nature of Plan and Units. In accepting this Agreement, you
acknowledge that:
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(a) the Plan is established voluntarily by the Company, is discretionary in nature and may be
modified, amended, suspended or terminated by the Company at any time, as provided in the Plan;
(b) the grant of the Units is voluntary and occasional and does not create any contractual or
other right to receive future awards of Units, or benefits in lieu of Units even if Units have been
awarded repeatedly in the past;
(c) all decisions with respect to future Awards, if any, will be at the sole discretion of the
Company;
(d) your participation in the Plan shall not create a right to further employment with the
Employer and shall not interfere with the ability of the Employer to terminate your employment or
service relationship (if any) at any time;
(e) your participation in the Plan is voluntary;
(f) for labor law purposes outside the United States, Units are an extraordinary item that do
not constitute wages of any kind for services of any kind rendered to the Company or to your
Employer, and the grant of Units is outside the scope of your employment contract, if any;
(g) for labor law purposes outside the United States, the grant of Units and the Shares
subject to the Units are not part of normal or expected wages or salary for any purposes,
including, but not limited to, calculation of any severance, resignation, termination, redundancy,
dismissal, end of service payments, bonuses, holiday pay, long-service awards, pension or
retirement benefits or similar payments;
(h) the grant of Units and the Shares subject to the Units are not intended to replace any
pension rights or compensation;
(i) neither the grant of Units nor any provision of this Agreement, the Plan or the policies
adopted pursuant to the Plan confer upon you any right with respect to employment or continuation
of current employment and shall not be interpreted to form an employment contract or relationship
with the Company or any Affiliate;
(j) the future value of the underlying Shares is unknown and cannot be predicted with
certainty;
(k) in consideration of the grant of Units hereunder, no claim or entitlement to compensation
or damages arises from termination of Units, and no claim or entitlement to compensation or damages
shall arise from forfeiture of the Units resulting from termination of your employment by the
Company or an Affiliate (for any reason whatsoever and whether or not in breach of local labor
laws) and you irrevocably release the Company and your Employer from any such claim that may arise;
if, notwithstanding the foregoing, any such claim
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is found by a court of competent jurisdiction to have arisen, you shall be deemed irrevocably
to have waived your entitlement to pursue such claim; and
(l) except as otherwise provided in this Agreement or the Plan, the Units and the benefits
under the Plan, if any, will not automatically transfer to another company in case of a merger,
takeover or transfer of liability.
XI. No Advice Regarding Award. The Company is not providing any tax, legal or
financial advice, nor is the Company making any recommendations regarding your participation in the
Plan, or your acquisition or sale of the underlying Shares. You are hereby advised to consult with
your own personal tax, legal and financial advisors regarding your participation in the Plan before
taking any action related to the Plan.
XII. Compliance with Laws. Notwithstanding any provision of this Agreement to the
contrary, if you are employed by the Company or an Affiliate in any of the countries identified in
the attached Appendix A (which constitutes a part of this Agreement), are subject to the laws of
any foreign jurisdiction, or relocate to one of the countries included in the attached Appendix
A, the Units granted hereunder shall be subject to any special terms and conditions for your
country set forth in Appendix A and to the following additional terms and conditions:
a. | the terms and conditions of this Agreement, including Appendix A, are deemed modified to the extent necessary or advisable to comply with applicable foreign laws or facilitate the administration of the Plan; |
b. | if applicable, the effectiveness of your award of Units is conditioned upon its compliance with any applicable foreign laws, regulations, rules or local governmental regulatory exemption and subject to receipt of any required foreign regulatory approvals; |
c. | to the extent necessary to comply with applicable foreign laws, the payment of any earned Units shall be made in cash or Common Stock, at the Company’s election; and |
d. | the Company may take any other action, before or after an award of Units is made, that it deems advisable to obtain approval or comply with any necessary local governmental regulatory exemptions or approvals. |
Notwithstanding the foregoing, the Company may not take any actions hereunder, that would
violate the Securities Act, the Exchange Act, the Code, or any other securities or tax or other
applicable law or regulation, or the rules of any Securities Exchange. Notwithstanding anything to
the contrary contained herein, the Shares issuable upon vesting of the Unit shall not be issued
unless such Shares are then registered under the Securities Act, or, if such Shares are not then so
registered, the Company has determined that such vesting and issuance would be exempt from the
registration requirements of the Securities Act.
XIII. Data Privacy and Notice of Consent. You hereby explicitly and unambiguously
consent to the collection, use and transfer, in electronic or other form, of your personal data as
described in this Agreement by and among, as applicable, your Employer, the Company,
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and Affiliates of the Company for the exclusive purpose of implementing, administering and
managing your participation in the Plan.
You understand that the Company and your Employer may hold certain personal information about
you, including, but not limited to, your name, home address and telephone number, date of birth,
social insurance number (to the extent permitted under applicable local law) or other
identification number, salary, nationality, job title, residency status, any shares of stock or
directorships held in the Company, details of all equity compensation or any other entitlement to
Shares awarded, canceled, vested, unvested or outstanding in your favor, for the purpose of
implementing, administering and managing the Plan (“Data”). You understand that Data may
be transferred to Xxxxxxx Xxxxx Bank & Trust Co., FSB, or any successor thereto, or any third
parties assisting in the implementation, administration and management of the Plan, that these
recipients may be located in your country or elsewhere, including outside the European Economic
Area and that the recipient’s country (e.g., the United States) may have different data privacy
laws and protections than your country. You understand that you may request a list with the names
and addresses of any potential recipients of the Data by contacting your local human resources
representative. You authorize your Employer, the Company, Affiliates of the Company, Xxxxxxx Xxxxx
Bank & Trust Co., FSB, or any successor thereto, and any other possible recipients which may assist
the Company (presently or in the future) with implementing, administering and managing your
participation in the Plan to receive, possess, use, retain and transfer the Data, in electronic or
other form, for the purposes of implementing, administering and managing your participation in the
Plan, including any requisite transfer of such Data as may be required to any other broker, escrow
agent or other third party with whom the Shares received upon vesting of the Units may be
deposited. You understand that Data will be held only as long as is necessary to implement,
administer and manage your participation in the Plan. You understand that you may, at any time,
view Data, request additional information about the storage and processing of Data, require any
necessary amendments to Data or refuse or withdraw the consents herein, in any case without cost,
by contacting in writing your local human resources representative. You understand that refusal or
withdrawal of consent may affect your ability to participate in the Plan. For more information on
the consequences of your refusal to consent or withdrawal of consent, you understand that you may
contact your local human resources representative.
XIV. Severability. If one or more of the provisions of this Agreement shall be held
invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the
remaining provisions shall not in any way be affected or impaired thereby and the invalid, illegal
or unenforceable provisions shall be deemed null and void; however, to the extent permissible by
law, any provisions which could be deemed null and void shall first be construed, interpreted or
revised retroactively to permit this Agreement to be construed so as to xxxxxx the intent of this
Agreement and the Plan.
XV. Language. If you have received this Agreement or any other document related to
the Plan translated into a language other than English and if the meaning of the translated version
is different than the English version, the English version will control.
XVI. Imposition of Other Requirements. The Company reserves the right to impose other
requirements on your participation in the Plan, on the Units and on any Shares acquired
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under the Plan, to the extent the Company determines it is necessary or advisable in order to
comply with local law or facilitate the administration of the Plan, and to require you to sign any
additional agreements or undertakings that may be necessary to accomplish the foregoing.
XVII. Compensation Subject to Recovery. The Units subject to this Award and all
compensation payable with respect to them shall be subject to recovery by the Company pursuant to
any and all of the Company’s policies with respect to the recovery of compensation, as they shall
be in effect and may be amended from time to time, to the maximum extent permitted by applicable
law.
Very truly yours, AMGEN INC. |
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By: | ||||
Name: | ||||
Title: |
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APPENDIX A
ADDITIONAL TERMS AND CONDITIONS OF THE
AMGEN INC. 2009 EQUITY INCENTIVE PLAN
AMGEN INC. 2009 EQUITY INCENTIVE PLAN
GRANT OF RESTRICTED STOCK UNITS
(BY COUNTRY)
(BY COUNTRY)
TERMS AND CONDITIONS
This Appendix includes additional terms and conditions that govern any Units granted under the Plan
if, under applicable law, you are a resident of, or are deemed to be a resident of one of the
countries listed below. Furthermore, the additional terms and conditions that govern any Units
granted hereunder may apply to you if you relocate to one of the countries listed below and the
Company shall, in its discretion, determine to what extent the terms and conditions contained
herein shall apply to you. Certain capitalized terms used but not defined in this Appendix A
shall have the meanings set forth in the Plan and/or the Agreement to which this Appendix is
attached.
NOTIFICATIONS
This Appendix also includes notifications relating to exchange control and other issues of which
you should be aware with respect to your participation in the Plan. The information is based on
the exchange control, securities and other laws in effect in the countries to which this Appendix
refers as of February 2011. Such laws are often complex and change frequently. As a result, the
Company strongly recommends that you not rely on the notifications herein as the only source of
information relating to the consequences of your participation in the Plan because the information
may be outdated when you vest in the Units and acquire Shares under the Plan, or when you
subsequently sell Shares acquired under the Plan.
In addition, the notifications are general in nature and may not apply to your particular
situation, and the Company is not in a position to assure you of any particular result.
Accordingly, you are advised to seek appropriate professional advice as to how the relevant laws in
your country may apply to your situation. Finally, if you are a citizen or resident of a country
other than the one in which you are currently working or are considered a resident of another
country for local law purposes, the information contained herein may not be applicable to you or
you may be subject to the provisions of one or more jurisdictions.
AUSTRALIA
NOTIFICATIONS
Exchange Control Information. Exchange control reporting is required for cash transactions
exceeding AUD10,000 and for international fund transfers. If an Australian bank is assisting with
the transaction, the bank will file the report on your behalf.
APPENDIX A-1-
Securities Law Information. If you acquire Shares under the Plan and offer the Shares for sale to
a person or entity resident in Australia, the offer may be subject to disclosure requirements under
Australian law. You should consult with your own legal advisor before making any such offer in
Australia.
AUSTRIA
NOTIFICATIONS
Consumer Protection Notification. You may be entitled to revoke acceptance of any Units granted
under the Plan on the basis of the Austrian Consumer Protection Act (the “Act”) under the
conditions listed below, if the Act is considered to be applicable to the Agreement and the Plan:
(i) | If you accept the Units outside the business premises of the Company, you may be entitled to revoke your acceptance of the Units, provided the revocation is made within one (1) week after such acceptance of the Units. |
(ii) | The revocation must be in written form to be valid. It is sufficient if you return the Agreement to the Company or the Company’s representative with language which can be understood as a refusal to conclude or honor the Agreement, provided the revocation is sent within the period discussed above. |
Exchange Control Notification. If you hold Shares acquired under the Plan outside of Austria, you
must submit a report to the Austrian National Bank. An exemption applies if the value of the
shares as of any given quarter does not exceed €30,000,000 or as of December 31 does not exceed
€5,000,000. If the former threshold is exceeded, quarterly obligations are imposed, whereas if the
latter threshold is exceeded, annual reports must be given. The annual reporting date is December
31 and the deadline for filing the annual report is March 31 of the following year.
A separate reporting requirement applies when you sell Shares acquired under the Plan. In that
case, there may be exchange control obligations if the cash proceeds are held outside of Austria.
If the transaction volume of all accounts abroad exceeds €3,000,000, the movements and balances of
all accounts must be reported monthly, as of the last day of the month, on or before the 15th day
of the following month, on the prescribed form (Meldungen SI-Forderungen und/oder
SI-Verpflichtungen).
BELGIUM
NOTIFICATIONS
Tax Reporting Notification. You are required to report any taxable income attributable to the
Units granted hereunder on your annual tax return. You are also required to report any bank
accounts opened and maintained outside Belgium on your annual tax return.
APPENDIX A-2-
BRAZIL
TERMS AND CONDITIONS
Compliance with Law. By accepting the Units, you acknowledge that you agree to comply with
applicable Brazilian laws and pay any and all applicable taxes associated with the vesting of the
Units and the sale of Shares acquired under the Plan.
NOTIFICATIONS
Exchange Control Information. If you are resident or domiciled in Brazil, you will be required to
submit annually a declaration of assets and rights held outside of Brazil to the Central Bank of
Brazil if the aggregate value of such assets and rights equals or exceeds US$100,000. Assets and
rights that must be reported include the Shares.
BULGARIA
There are no country-specific provisions.
CANADA
TERMS AND CONDITIONS
Termination of Employment. Section I(i) of the Agreement is amended to read as follows:
(i) “termination of your active employment” shall mean the last date that you are either an
active employee of the Company or an Affiliate or actively engaged as a Consultant or Director of
the Company or an Affiliate; in the event of involuntary termination of your employment (whether or
not in breach of local labor laws), your right to receive any Units and vest under the Plan, if
any, will terminate effective as of the date that is the earlier of: (1) the date you receive
notice of termination of employment from the Company or your Employer, or (2) the date you are no
longer actively employed by the Company or your Employer regardless of any notice period or period
of pay in lieu of such notice required under local law (including, but not limited to statutory
law, regulatory law and/or common law). Your right, if any, to acquire Shares pursuant to the
Units after termination of employment will be measured by the date of termination of your active
employment and will not be extended by any notice period mandated under local law.
The following provisions will apply to you if you are a resident of Quebec:
Language Consent. The parties acknowledge that it is their express wish that the Agreement, as
well as all documents, notices, and legal proceedings entered into, given or instituted pursuant
hereto or relating directly or indirectly hereto, be drawn up in English.
Les parties reconnaissent avoir exigé la rédaction en anglais de cette convention ("Agreement"),
ainsi que de tous documents exécutés, xxxx xxxxxx et procédures judiciaries intentées, directement
ou indirectement, relativement à ou suite à la présente convention.
APPENDIX A-3-
Data Privacy Notice and Consent. This provision supplements Section XIII of the Agreement:
You hereby authorize the Company and the Company’s representative to discuss with and obtain all
relevant information from all personnel (professional or not) involved in the administration and
operation of the Plan. You further authorize the Company and your Employer to disclose and discuss
your participation in the Plan with their advisors. You also authorize the Company and your
Employer to record such information and keep it in your employee file.
CZECH REPUBLIC
NOTIFICATIONS
Exchange Control Notification. Proceeds from the sale of Shares may be held in a cash account
abroad and you are no longer required to report the opening and maintenance of a foreign account to
the Czech National Bank (the “CNB”), unless the CNB notifies you specifically that such reporting
is required. Upon request of the CNB, you may need to file a notification within 15 days of the
end of the calendar quarter in which you acquire Shares.
DENMARK
NOTIFICATIONS
Exchange Control Information. If you establish an account holding Shares or an account holding
cash outside Denmark, you must report the account to the Danish Tax Administration. The form which
should be used in this respect can be obtained from a local bank. (These obligations are separate
from and in addition to the obligations described below.)
Securities/Tax Reporting Information. If you hold Shares acquired under the Plan in a brokerage
account with a broker or bank outside Denmark, you are required to inform the Danish Tax
Administration about the account. For this purpose, you must file a Form V (Erklaering V) with the
Danish Tax Administration. The Form V must be signed both by you and by the applicable broker or
bank where the account is held. By signing the Form V, the broker or bank undertakes to forward
information to the Danish Tax Administration concerning the shares in the account without further
request each year. By signing the Form V, you authorize the Danish Tax Administration to examine
the account.
In addition, if you open a brokerage account (or a deposit account with a U.S. bank) for the
purpose of holding cash outside Denmark, you are also required to inform the Danish Tax
Administration about this account. To do so, you must file a Form K (Erklaering K) with the Danish
Tax Administration. The Form K must be signed both by you and by the applicable broker or bank
where the account is held. By signing the Form K, the broker/bank undertakes an obligation,
without further request each year, to forward information to the Danish Tax Administration
concerning the content of the account. By signing the Form K, you authorize the Danish Tax
Administration to examine the account.
APPENDIX A-4-
GERMANY
NOTIFICATIONS
Exchange Control Information. Cross-border payments in excess of €12,500 must be reported monthly
to the German Federal Bank. If you use a German bank to effect a cross-border payment in excess of
€12,500 in connection with the sale of Shares acquired under the Plan, the bank will make the
report for you. In addition, you must report any receivables or payables or debts in foreign
currency exceeding an amount of €5,000,000 on a monthly basis. Finally, you must report on an
annual basis if you hold Shares that exceed 10% of the total voting capital of the Company.
GREECE
There are no country-specific provisions.
HONG KONG
TERMS AND CONDITIONS
SECURITIES WARNING: The Units and any Shares issued in respect of the Units do not constitute a
public offering of securities under Hong Kong law and are available only to members of the Board,
Employees and Consultants. The Agreement, including this Appendix, the Plan and other incidental
communication materials have not been prepared in accordance with and are not intended to
constitute a “prospectus” for a public offering of securities under the applicable securities
legislation in Hong Kong, nor have the documents been reviewed by any regulatory authority in Hong
Kong. The Units and any documentation related thereto are intended solely for the personal use of
each member of the Board, Employee and/or Consultant and may not be distributed to any other
person. If you are in doubt about any of the contents of the Agreement, including this Appendix,
or the Plan, you should obtain independent professional advice.
Units Payable Only in Shares. Notwithstanding any discretion in the Plan or anything to the
contrary in the Agreement, the Units do not provide any right for you to receive a cash payment and
shall be paid in Shares only.
Sale of Shares. In the event that Shares are issued in respect of the Units within six (6) months
of the Grant Date, you agree that you will not dispose of the Shares prior to the six (6)-month
anniversary of the Grant Date.
HUNGARY
There are no country-specific provisions.
APPENDIX A-5-
INDIA
NOTIFICATIONS
Exchange Control Notification. You must repatriate the proceeds from the sale of Shares acquired
under the Plan and any dividends received in relation to the Shares to India within 90 days after
receipt. You must maintain the foreign inward remittance certificate received from the bank where
the foreign currency is deposited in the event that the Reserve Bank of India or your Employer
requests proof of repatriation. It is your responsibility to comply with these requirements.
IRELAND
TERMS AND CONDITIONS
Nature of Agreement. This provision supplements Section X of the Agreement:
In accepting any Units granted hereunder, you understand and agree that the benefits received under
the Plan will not be taken into account for any redundancy or unfair dismissal claim.
NOTIFICATIONS
Director Notification Requirements. If you are a director, shadow director or secretary of an
Irish Affiliate, you must notify the Irish Affiliate in writing within five (5) business days of
receiving or disposing of an interest in the Company (e.g., the Units or Shares) in the Company, or
within five (5) business days of becoming aware of the event giving rise to the notification
requirement, or within five (5) business days of becoming a director or secretary if such an
interest exists at the time. This notification requirement also applies with respect to the
interests of a spouse or minor children (whose interests, if any, will be attributed to the
director, shadow director or secretary).
ITALY
TERMS AND CONDITIONS
Data Privacy Consent. The following provision replaces Section XIII of the Agreement:
You hereby explicitly and unambiguously consent to the collection, use, processing and transfer, in
electronic or other form, of your personal data as described herein by and among, as applicable,
your Employer, the Company and any Affiliate for the exclusive purpose of implementing,
administering, and managing your participation in the Plan.
You understand that your Employer, the Company and any Affiliate may hold certain personal
information about you, including, but not limited to, your name, home address and telephone number,
date of birth, social insurance (to the extent permitted under Italian law) or other identification
number, salary, nationality, job title, any shares or directorships held in
APPENDIX A-6-
the Company or any Affiliate, details of all Awards granted, or any other entitlement to Shares
awarded, canceled, exercised, vested, unvested or outstanding in your favor, for the exclusive
purpose of implementing, managing and administering the Plan (“Data”).
You also understand that providing the Company with Data is necessary for the performance of the
Plan and that your refusal to provide such Data would make it impossible for the Company to perform
its contractual obligations and may affect your ability to participate in the Plan. The Controller
of personal data processing is Amgen Inc., with registered offices at Xxx Xxxxx Xxxxxx Xxxxx,
Xxxxxxxx Xxxx, Xxxxxxxxxx 00000, X.X.X., and, pursuant to Legislative Decree no. 196/2003, its
Representative in Italy for privacy purposes is Amgen Dompe S.p.A., with registered offices at Xxx
Xxxxxxx, 0 — 00000 Xxxxx, Xxxxx.
You understand that Data will not be publicized, but it may be transferred to banks, other
financial institutions, or brokers involved in the management and administration of the Plan. You
understand that Data may also be transferred to the independent registered public accounting firm
engaged by the Company. You further understand that the Company and/or any Affiliate will transfer
Data among themselves as necessary for the purposes of implementing, administering and managing
your participation in the Plan, and that the Company and/or any Affiliate may each further transfer
Data to third parties assisting the Company in the implementation, administration, and management
of the Plan, including any requisite transfer of Data to a broker or other third party with whom
you may elect to deposit any Shares acquired at vesting of the Units. Such recipients may receive,
possess, use, retain, and transfer Data in electronic or other form, for the purposes of
implementing, administering, and managing your participation in the Plan. You understand that
these recipients may be located in or outside the European Economic Area, such as in the United
States or elsewhere. Should the Company exercise its discretion in suspending all necessary legal
obligations connected with the management and administration of the Plan, it will delete Data as
soon as it has completed all the necessary legal obligations connected with the management and
administration of the Plan.
You understand that Data processing related to the purposes specified above shall take place under
automated or non-automated conditions, anonymously when possible, that comply with the purposes for
which Data is collected and with confidentiality and security provisions, as set forth by
applicable laws and regulations, with specific reference to Legislative Decree no. 196/2003.
The processing activity, including communication, the transfer of Data abroad, including outside of
the European Economic Area, as herein specified and pursuant to applicable laws and regulations,
does not require your consent thereto, as the processing is necessary to performance of contractual
obligations related to implementation, administration, and management of the Plan. You understand
that, pursuant to Section 7 of the Legislative Decree no. 196/2003, you have the right to,
including but not limited to, access, delete, update, correct, or terminate, for legitimate reason,
the Data processing.
APPENDIX A-7-
Furthermore, you are aware that Data will not be used for direct-marketing purposes. In addition,
Data provided can be reviewed and questions or complaints can be addressed by contacting your local
human resources representative.
Acknowledgement of Nature of Agreement. By accepting any Units granted hereunder, you acknowledge
that (1) you have received a copy of the Plan, the Agreement and this Appendix; (2) you have
reviewed the applicable documents in their entirety and fully understand the contents thereof; and
(3) you accept all provisions of the Plan, the Agreement and this Appendix.
For any Units granted, you further acknowledge that you have read and specifically and explicitly
approve, without limitation, the following sections of the Agreement: Section I; Section II;
Section III; Section IX; Section X; Section XIII (as replaced by the above consent); Section XV;
and Section XVI.
JAPAN
There are no country-specific provisions.
LITHUANIA
There are no country-specific provisions.
MEXICO
TERMS AND CONDITIONS
Acknowledgement of the Agreement. In accepting the Award granted hereunder, you acknowledge that
you have received a copy of the Plan, have reviewed the Plan and the Agreement, including this
Appendix, in their entirety and fully understand and accept all provisions of the Plan and the
Agreement, including this Appendix. You further acknowledge that you have read and specifically
and expressly approve the terms and conditions of Section X of the Agreement, in which the
following is clearly described and established:
(1) | Your participation in the Plan does not constitute an acquired right. |
(2) | The Plan and your participation in the Plan are offered by Amgen Inc. on a wholly discretionary basis. |
(3) Your participation in the Plan is voluntary.
(4) | Amgen Inc. and its Affiliates are not responsible for any decrease in the value of the option granted and/or Shares issued under the Plan. |
Labor Law Acknowledgement and Policy Statement. In accepting any Award granted hereunder, you
expressly recognize that Amgen Inc., with registered offices at Xxx Xxxxx Xxxxxx Xxxxx, Xxxxxxxx
Xxxx, Xxxxxxxxxx 00000, X.X.X., is solely responsible for the
APPENDIX A-8-
administration of the Plan and that your participation in the Plan and acquisition of Shares do not
constitute an employment relationship between you and Amgen Inc. since you are participating in the
Plan on a wholly commercial basis and your sole employer is Amgen Latin America Services, S.A. de
C.V. (“Amgen-Mexico”). Based on the foregoing, you expressly recognize that the Plan and the
benefits that you may derive from participation in the Plan do not establish any rights between you
and your employer, Amgen-Mexico, and do not form part of the employment conditions and/or benefits
provided by Amgen-Mexico and any modification of the Plan or its termination shall not constitute a
change or impairment of the terms and conditions of your employment.
You further understand that your participation in the Plan is as a result of a unilateral and
discretionary decision of Amgen Inc.; therefore, Amgen Inc. reserves the absolute right to amend
and/or discontinue your participation in the Plan at any time without any liability to you.
Finally, you hereby declare that you do not reserve to yourself any action or right to bring any
claim against Amgen Inc. for any compensation or damages regarding any provision of the Plan or the
benefits derived under the Plan, and you therefore grant a full and broad release to Amgen Inc.,
its Affiliates, shareholders, officers, agents or legal representatives with respect to any claim
that may arise.
Spanish Translation
Reconocimiento del Otorgamiento. Al aceptar cualquier Otorgamiento bajo el presente documento,
usted reconoce que ha recibido una copia del Plan, que ha revisado el mismo en su totalidad, así
como también el Acuerdo de Opción, el Acuerdo, incluyendo este Apéndice, además que comprende y
está de acuerdo con todas las disposiciones tanto del Plan y del Otorgamiento, incluyendo este
Apéndice. Asimismo, usted reconoce que ha leído y manifiesta específicamente y expresamente la
conformidad con los términos y condiciones establecidos en la Sección X del Acuerdo, en los que se
establece y describe claramente que:
(1) | Su participación en el Plan de ninguna manera constituye un derecho adquirido. |
(2) | El Plan y su participación en el mismo son ofrecidos por Amgen Inc. de forma completamente discrecional. | ||
(3) | Su participación en el Plan es voluntaria. |
(4) | Amgen Inc. y sus Afiliados no son responsables de ninguna disminución en el valor de las Acciones Comunes emitidas mediante el Plan. |
Reconocimiento de xx Xxx Laboral y Declaración de Política. Al aceptar cualquier Otorgamiento de
Acciones bajo el presente, usted reconoce expresamente que Amgen Inc., con oficinas registradas
localizadas en One Xxxxx Xxxxxx Xxxxx, Xxxxxxxx Xxxx, Xxxxxxxxxx 00000, U.S.A., es la única
responsable de la administración del Plan y que su participación en el mismo y la adquisición de
Acciones Comunes no constituyen de ninguna manera una relación laboral entre usted y Amgen Inc.,
debido a que su participación en el Plan es únicamente una relación
APPENDIX A-9-
comercial y que su único empleador es Amgen Latin America Services, S.A. de C.V. (“Amgen-México”).
Derivado de lo anterior, usted reconoce expresamente que el Plan y los beneficios a su favor que
pudieran derivar de la participación en el mismo, no establecen ningún derecho entre usted y su
empleador, Amgen — México, y no xxxxxx parte de las condiciones laborales y/o los beneficios
otorgados por Amgen — México, y cualquier modificación del Plan o la terminación del mismo no
constituirá un cambio o desmejora de los términos y condiciones de su trabajo.
Asimismo, usted entiende que su participación en el Plan es resultado de la decisión unilateral y
discrecional de Amgen Inc., por lo tanto, Amgen Inc. se reserva el derecho absoluto de modificar
y/o descontinuar su participación en el Plan en cualquier momento y sin ninguna responsabilidad
para usted.
Finalmente, usted manifiesta que no se reserva ninguna acción o derecho que origine una demanda en
contra de Amgen Inc., por cualquier compensación x xxxxx y perjuicios, en relación con cualquier
disposición del Plan o de los beneficios derivados del mismo, y en consecuencia usted exime amplia
y completamente a Amgen Inc. de toda responsabilidad, como así también a sus Afiliadas,
accionistas, directores, agentes o representantes legales con respecto a cualquier demanda que
pudiera surgir.
NETHERLANDS
NOTIFICATIONS
Securities Law Notification. You should be aware of Dutch insider-trading rules, which may impact
the sale of Shares acquired under the Plan. In particular, you may be prohibited from effectuating
certain transactions if you have insider information regarding the Company.
By accepting any Units granted hereunder and participating in the Plan, you acknowledge having read
and understood this Securities Law Notification and further acknowledge that it is your
responsibility to comply with the following Dutch xxxxxxx xxxxxxx rules:
Under Article 46 of the Act on the Supervision of the Securities Trade 1995, anyone who has “inside
information” related to the Company is prohibited from effectuating a transaction in securities in
or from the Netherlands. “Inside information” is knowledge of a detail concerning the issuer to
which the securities relate that is not public and which, if published, would reasonably be
expected to affect the stock price, regardless of the development of the price.
Given the broad scope of the definition of inside information, certain employees of the Company
working at an Affiliate in the Netherlands (including persons eligible to participate in the Plan)
may have inside information and, thus, would be prohibited from effectuating a transaction in
securities in the Netherlands at a time when in possession of such inside information.
NEW ZEALAND
There are no country-specific provisions.
APPENDIX A-10-
NORWAY
There are no country-specific provisions.
POLAND
NOTIFICATIONS
Exchange Control Notification. Polish residents holding foreign securities (including Shares) and
maintaining accounts abroad must report information to the National Bank of Poland on transactions
and balances of the securities and cash deposited in such accounts if the value of such
transactions or balances exceeds €15,000. If required, the reports are due on a quarterly basis by
the 20th day following the end of each quarter. The reports are filed on special forms available
on the website of the National Bank of Poland.
PORTUGAL
NOTIFICATIONS
Exchange Control Notification. If you do not hold the Shares acquired under the Plan with a
Portuguese financial intermediary, you may need to file a report with the Portuguese Central Bank.
If the Shares are held by a Portuguese financial intermediary, it will file the report for you.
PUERTO RICO
There are no country-specific provisions.
ROMANIA
NOTIFICATIONS
Exchange Control Notification. If you deposit proceeds from the sale of Shares in a bank account
in Romania, you may be required to provide the Romanian bank assisting with the transaction with
appropriate documentation explaining the source of the income. You should consult with a legal
advisor to determine whether you will be required to submit such documentation to the Romanian
bank.
RUSSIA
TERMS AND CONDITIONS
Settlement of Units. Depending on developments in Russian securities regulations, the Company
reserves the right, in its sole discretion, to force the immediate sale of any Shares to be issued
upon vesting of the Units. You agree that, if applicable, the Company is authorized to instruct
Xxxxxxx Xxxxx Bank & Trust Co., FSB (or such other broker as may be designated by the
APPENDIX A-11-
Company) to assist with the mandatory sale of such Shares (on your behalf pursuant to this
authorization) and you expressly authorize Xxxxxxx Xxxxx Bank & Trust Co., FSB (or such other
broker as may be designated by the Company) to complete the sale of such Shares. You acknowledge
that Xxxxxxx Xxxxx Bank & Trust Co., FSB (or such other broker as may be designated by the Company)
is under no obligation to arrange for the sale of the Shares at any particular trading price. Upon
the sale of Shares, you will receive the cash proceeds from the sale of Shares, less any brokerage
fees or commissions and subject to your obligations in connection with the Tax Obligations.
Securities Law Requirements. Any Units granted hereunder, the Agreement, including this Appendix,
the Plan and all other materials you may receive regarding your participation in the Plan or any
Units granted hereunder do not constitute advertising or an offering of securities in Russia. The
issuance of Shares under the Plan has not and will not be registered in Russia; therefore, Shares
may not be offered or placed in public circulation in Russia.
In no event will Shares acquired under the Plan be delivered to you in Russia; all Shares will be
maintained on your behalf in the United States.
You are not permitted to sell any Shares acquired under the Plan directly to a Russian legal entity
or resident.
NOTIFICATIONS
Exchange Control Notification. You must repatriate the proceeds from the sale of Shares and any
dividends received in relation to such Shares to Russia within a reasonably short period after
receipt. The sale proceeds and any dividends received in relation to Shares must be initially
credited to you through a foreign currency account opened in your name at an authorized bank in
Russia. After the funds are initially received in Russia, they may be further remitted to a
foreign bank subject to the following limitations: (i) the foreign account may be opened only for
individuals; (ii) the foreign account may not be used for business activities; (iii) the Russian
tax authorities must be given notice about the opening/closing of each foreign account within one
month of the account opening/closing; and (iv) the Russian tax authorities must be given notice of
the account balances of such foreign accounts as of the beginning of each calendar year.
SLOVAK REPUBLIC
There are no country-specific provisions.
SLOVENIA
There are no country-specific provisions.
APPENDIX A-12-
SPAIN
TERMS AND CONDITIONS
Labor Law Acknowledgement. The following provision supplements Section X of the Agreement:
By accepting the Units granted hereunder, you consent to participation in the Plan and acknowledge
that you have received a copy of the Plan.
You understand that the Company has unilaterally, gratuitously and in its sole discretion decided
to grant any Units under the Plan to individuals who may be members of the Board, Employees or
Consultants of the Company or its Affiliates throughout the world. The decision is a limited
decision, which is entered into upon the express assumption and condition that any Units granted
will not economically or otherwise bind the Company or any of its Affiliates on an ongoing basis,
other than as expressly set forth in the Agreement, including this Appendix. Consequently, you
understand that the Units granted hereunder are given on the assumption and condition that they
shall not become a part of any employment contract (either with the Company or any of its
Affiliates) and shall not be considered a mandatory benefit, salary for any purposes (including
severance compensation) or any other right whatsoever. Further, you understand and freely accept
that there is no guarantee that any benefit whatsoever shall arise from any gratuitous and
discretionary grant of Units since the future value of the Units and the underlying Shares is
unknown and unpredictable. In addition, you understand that any Units granted hereunder would not
be made but for the assumptions and conditions referred to above; thus, you understand, acknowledge
and freely accept that, should any or all of the assumptions be mistaken or should any of the
conditions not be met for any reason, then any grant of Units or right to Units shall be null and
void.
Further, the vesting of the Units is expressly conditioned your continued and active rendering of
service, such that if your employment terminates for any reason whatsoever, the Units may cease
vesting immediately, in whole or in part, effective on the date of your termination of employment
(unless otherwise specifically provided in Section I of the Agreement). This will be the case, for
example, even if (1) you are considered to be unfairly dismissed without good cause; (2) you are
dismissed for disciplinary or objective reasons or due to a collective dismissal; (3) you terminate
service due to a change of work location, duties or any other employment or contractual condition;
(4) you terminate service due to a unilateral breach of contract by the Company or a Subsidiary; or
(5) your employment terminates for any other reason whatsoever. Consequently, upon termination of
your employment for any of the above reasons, you may automatically lose any rights to Units that
were not vested on the date of your termination of employment, as described in the Plan and the
Agreement.
You acknowledge that you have read and specifically accepts the conditions referred to in Section I
of the Agreement.
APPENDIX A-13-
NOTIFICATIONS
Securities Law Information. The Units and the Shares described in the Agreement and this Appendix
do not qualify under Spanish regulations as securities. No “offer of securities to the public,” as
defined under Spanish law, has taken place or will take place in the Spanish territory. The
Agreement (including this Appendix) have not been nor will they be registered with the Comisión
Nacional del Xxxxxxx de Valores, and do not constitute a public offering prospectus.
Exchange Control Notification. When receiving foreign currency payments derived from the ownership
of Shares (i.e., dividends or sale proceeds), you must inform the financial institution receiving
the payment of the basis upon which such payment is made. You will need to provide the institution
with the following information: (i) your name, address, and fiscal identification number; (ii) the
name and corporate domicile of the Company; (iii) the amount of the payment and the currency used;
(iv) the country of origin; (v) the reasons for the payment; and (vi) further information that may
be required.
If you acquire Shares under the Plan and wish to import the ownership title of such Shares (i.e.,
share certificates) into Spain, you must declare the importation of such securities to the
Direccion General de Política Comercial y de Inversiones Extranjeras (“DGPCIE”) by filing a
declaration on the ownership of the securities (D-6 form) each January while the Shares are owned.
SWEDEN
There are no country-specific provisions.
SWITZERLAND
NOTIFICATIONS
Securities Law Notification. The Units offered hereunder are considered a private offering in
Switzerland and are, therefore, not subject to registration in Switzerland.
TURKEY
NOTIFICATIONS
Securities Law Information. Under Turkish law, you are not permitted to sell Shares acquired under
the Plan in Turkey. You must sell the Shares acquired under the Plan outside of Turkey. The
Shares are currently traded on the NASDAQ in the U.S. under the ticker symbol “AMGN” and Shares may
be sold on this exchange, which is located outside of Turkey.
UNITED ARAB EMIRATES
There are no country-specific provisions.
APPENDIX A-14-
UNITED KINGDOM
TERMS AND CONDITIONS
Tax Withholding. This provision supplements Section III of the Agreement:
You agree that if you do not pay or your Employer or the Company does not withhold from you the
full amount of Tax Obligations that you owe at issuance of Shares in respect of the Units, or the
release or assignment of the Units for consideration, or the receipt of any other benefit in
connection with the Units (the “Taxable Event”) within 90 days after the Taxable Event, or such
other period specified in Section 222(1)(c) of the U.K. Income Tax (Earnings and Pensions) Act
2003, then the amount that should have been withheld and/or paid shall constitute a loan owed by
you to your Employer, effective 90 days after the Taxable Event. You agree that the loan will bear
interest at the official rate of HM Revenue and Customs (“HMRC”) and will be immediately due and
repayable by you, and the Company and/or your Employer may recover it at any time thereafter
(subject to Section III of the Agreement) by withholding the funds from salary, bonus or any other
funds due to you by your Employer, by withholding in Shares issued in respect of the Units or from
the cash proceeds from the sale of Shares or by demanding cash or a check from you. You also
authorize the Company to delay the issuance of any Shares to you unless and until the loan is
repaid in full.
Notwithstanding the foregoing, if you are an officer or executive director within the meaning of
Section 13(k) of the Exchange Act, as amended from time to time, the terms of the immediately
foregoing provision will not apply. In the event that you are an officer or executive director and
Tax Obligations are not collected from you within 90 days of the Taxable Event, the amount of any
uncollected Tax Obligations may constitute a benefit to you on which additional income tax and
national insurance contributions may be payable. You acknowledge that the Company and/or your
Employer may recover any such additional income tax and national insurance contributions at any
time thereafter by any of the means referred to in Section III of the Agreement.
Joint Election. As a condition of the Units granted hereunder, you agree to accept any liability
for secondary Class 1 National Insurance Contributions (the “Employer NICs”), which may be payable
by the Company or your Employer with respect to the Units and/or payment of the Units and issuance
of Shares pursuant to the Units, the assignment or release of the Units for consideration, or the
receipt of any other benefit in connection with the Units.
Without limitation to the foregoing, you agree to make an election (the “Election”), in the form
specified and/or approved for such election by HMRC, that the liability for your Employer NICs
payments on any such gains shall be transferred to you to the fullest extent permitted by law. You
further agree to execute such other elections as may be required between you and any successor to
the Company and/or your Employer. You hereby authorize the Company and your Employer to withhold
such Employer NICs by any of the means set forth in Section III of the Agreement.
APPENDIX A-15-
Failure by you to enter into an Election, withdrawal of approval of the Election by HMRC or a joint
revocation of the Election by you and the Company or your Employer, as applicable, shall be grounds
for the forfeiture and cancellation of the Units, without any liability to the Company or your
Employer.
UNITED STATES
TERMS AND CONDITIONS
Nature of Grant. The following provision replaces Section I(i) of the Agreement:
(i) “termination of your active employment” shall mean the last date that you are either an
active employee of the Company or an Affiliate or actively engaged as a Consultant or Director of
the Company or an Affiliate; in the event of termination of your employment (whether or not in
breach of local labor laws), your right to receive Units and vest under the Plan, if any, will
terminate effective as of the date that you are no longer actively employed; provided, however,
that such right will be extended by any notice period mandated by law (e.g. the Worker Adjustment
and Retraining Notification Act (“WARN Act”) notice period or similar periods pursuant to local
law) and any paid administrative leave (as applicable), unless the Company shall provide you with
written notice otherwise before the commencement of such notice period or leave; provided further,
that in no event shall payment of the Units be made after the close of your taxable year which
includes the applicable Vesting Date or, if later, after the 15th day of the third
calendar month following the applicable Vesting Date.
APPENDIX A-16-