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HOSPIRA 2004 LONG-TERM STOCK INCENTIVE PLAN

Executive Compensation Plan Agreement

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This Executive Compensation Plan Agreement involves

HOSPIRA INC

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Title: HOSPIRA 2004 LONG-TERM STOCK INCENTIVE PLAN
Date: 2/25/2009
Industry: Biotechnology and Drugs     Sector: Healthcare

HOSPIRA 2004 LONG-TERM STOCK INCENTIVE PLAN, Parties: hospira inc
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Exhibit 10.6(d)

 

HOSPIRA 2004 LONG-TERM STOCK INCENTIVE PLAN

 

RESTRICTED STOCK AGREEMENT

 

This Restricted Stock Agreement (“Agreement”) is made between Hospira, Inc., a Delaware corporation (the “Company”), and the Participant specified below.  The Agreement is subject to the provisions of the Hospira 2004 Long-Term Stock Incentive Plan (the “Plan”), the terms of which are incorporated herein by reference.

 

1.              Terms of Award .  The following terms used in this Agreement shall have the meanings set forth in this paragraph 1:

 

(a)            The “Participant” is Sumant Ramachandra.

 

(b)            The “Grant Date” is September 30, 2008.

 

(c)            The number of shares of “Covered Shares” awarded under this Agreement is 15,000.  “Covered Shares” are shares of Stock granted under this Agreement and are subject to the terms of this Agreement and the Plan.

 

Except where the context clearly implies to the contrary, any capitalized term in this award shall have the meaning ascribed to that term under the Plan.  Other words and phrases used in this Agreement are defined pursuant to paragraph 8 or elsewhere in this Agreement.

 

2.              Award .  The Participant is hereby granted the number of Covered Shares set forth in paragraph 1.

 

3.              Dividends and Voting Rights .  The Participant shall be entitled to receive any dividends paid with respect to the Covered Shares that become payable during the Restricted Period (defined below); provided, however, that no dividends shall be payable to or for the benefit of the Participant for Covered Shares with respect to record dates occurring prior to the Grant Date, or with respect to record dates occurring on or after the date, if any, on which the Participant has forfeited those Covered Shares.  Any such dividends paid with respect to the Covered Shares during the Restricted Period shall be paid at the same time as they are paid to other shareholders of common shares of the Company.  The Participant shall be entitled to vote the Covered Shares during the Restricted Period to the same extent as would have been applicable to the Participant if the Participant was then vested in the shares; provided, however, that the Participant shall not be entitled to vote the shares with respect to record dates for such voting rights arising prior to the Grant Date, or with respect to record dates occurring on or after the date, if any, on which the Participant has forfeited those Covered Shares. Any additional common shares of the Company issued with respect to the Covered Shares as a result of any stock dividend, stock split or reorganization, shall be subject to the restrictions and other provisions of paragraphs 5, 6 and 7.

 

4.              Issuance of Certificate .  Each certificate issued in respect of the Covered Shares granted under this Agreement shall be registered in the name of the Participant and shall be deposited in a bank designated by the Committee or retained by the Company.  The

 



 

certification of Covered Shares is conditioned upon the Participant endorsing in blank a stock power for the Covered Shares.  During the Restricted Period, all certificates evidencing the Restricted Stock will be imprinted with the following legend: “The securities evidenced by this certificate are subject to the transfer restrictions, forfeiture restrictions and other provisions of the Restricted Stock Agreement dated March 31, 2008 between Hospira and Brian R. Woodworth.” Upon lapse of the Restriction Period, the Participant shall be entitled to have the legend removed from the certificate representing the Covered Shares.

 

5.              Restricted Period .  The Covered Shares shall be subject to forfeitur


 
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