Abbott Change in Control Agreement Extension Notification for Executive

Contract Categories: Human Resources › Change of Control Agreements
Summary

Abbott has extended the executive's Change in Control (CIC) agreement, which provides financial, health, and welfare benefits if there is a change in control of the company. The agreement, previously set to expire on December 31, 2018, will now continue through December 31, 2020. No action is required from the executive to maintain participation, and this notification serves as official confirmation of the extension.

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EX-10.74 2 a2237733zex-10_74.htm EX-10.74

Exhibit 10.74

 

[Date]

 

To:                             [Executive]

 

Re:                             CIC Agreement Extension

 

Abbott’s Board of Directors recently extended your Change in Control (CIC) agreement. Its term now continues through December 31, 2020. The CIC agreement provides you with financial, health and welfare benefits in the event of a Change in Control.  No action is required on your part to continue participation in the CIC agreement.

 

You are hereby notified that your current Change in Control Agreement, which was set to expire on December 31, 2018, has been extended to December 31, 2020.

 

Please retain a copy of this Notification of Extension with your important records.