January 12, 2007 1417 Plumwood Drive Libertyville, IL 60048 (February 28th, 2007)
This letter will confirm our agreement with you relating to your departure from Hospira, Inc. (Hospira). As used in this Agreement, the term Hospira shall mean Hospira, Inc. and all of its subsidiaries and affiliates.
Summary of 2006 Terms of Employment for Named Executive Officers (March 15th, 2006)
The base salary for each officer will take effect on March 27, 2006. Each officer participates in the Hospira Inc. 2004 Performance Incentive Plan, which is filed as Exhibit 10.9 hereto, and the nominations and compensation committee of Hospira's board of directors will consider Hospira's adjusted net income, net sales, cash flows and corporate well-being as factors in determining awards payable under such plan. Each officer is eligible to receive awards under the Hospira 2004 Long-Term Stock Incentive Plan, which is filed as Exhibit 10.8 hereto. Each officer is party to a change-in-control agreement in the form filed as Exhibit 10.12 hereto.
Summary of 2005 Terms of Employment for Named Executive Officers (March 22nd, 2005)
Information Technology Agreement (May 27th, 2004)
THIS INFORMATION TECHNOLOGY AGREEMENT, dated as of April 29, 2004 and effective as of May 1, 2004 (the Effective Date), is by and between ABBOTT LABORATORIES, an Illinois corporation (Abbott), and HOSPIRA, INC., a Delaware corporation (Hospira).