Exhibit 10(x)(x)

HEWLETT-PACKARD COMPANY

1997 DIRECTOR STOCK PLAN COMMON STOCK PAYMENT AGREEMENT

THIS AGREEMENT, dated DATE (“Payment Date”) between HEWLETT-PACKARD COMPANY,  a Delaware corporation (the “Company”), and NAME (the “Director”), a director of Company is entered into as follows:

WITNESSETH:

WHEREAS, the Company has established the Hewlett-Packard Company 1997 Director Stock Plan (the “Plan”), a copy of which is attached hereto as Exhibit “A” and made part hereof; and

WHEREAS, The Director has filed an election in accordance with the terms of the Plan to be granted a Common Stock Payment (as defined the Plan) under the Plan as hereinafter set forth below;

NOW THEREFORE, the parties hereby agree that in consideration of services rendered and to be rendered, the Company grants the Director a Common Stock Payment (the “Shares”) in the amount of # OF SHARES shares of its $0.01 par value voting Common Stock upon the terms and conditions set forth herein.

1.               The Shares are granted under and pursuant to the Plan and are subject to each and all of the provisions thereof.

2.               The Shares shall be deposited in certificate with the Company’s Secretary or book entry form in escrow until the six-month anniversary of the date of issuance.

3.               The Shares may not be pledged, sold or otherwise assigned until all restrictions pertaining to such shares are terminated.

4.               The Shares shall be released from escrow and any applicable restrictions shall terminate after the six-month anniversary of the issuance date.

IN WITNESS WHEREOF, the parties have executed this Agreement in duplicate the day and year first above written.