Summary of Compensation Arrangement between Agilent Technologies, Inc. and Chris van Ingen
This agreement outlines the 2005 compensation package for Chris van Ingen, Senior Vice President of Agilent Technologies, Inc. He will receive a $400,000 annual base salary, a target bonus equal to 70% of his salary, and equity awards including 47,000 shares under a long-term program and stock options for 73,500 shares. Mr. van Ingen must also own Agilent stock worth three times his salary, with at least 10,000 shares directly owned, to be achieved within five years or by the end of fiscal 2007. His employment is at-will.
Exhibit 10.50
Summary of Compensation Arrangement between Agilent and Chris van Ingen
Chris van Ingen is Senior Vice President of Agilent Technologies, Inc. and President of the Life Science and Chemical Analysis Group. For the fiscal year 2005, his compensation arrangement is: (1) an annual base salary of $400,000; (2) a short-term target bonus of 70 percent of base salary; and (3) 47,000 shares available under the long-term performance program and a stock option grant for 73,500 shares. As an executive officer of Agilent, Mr. van Ingen is required to attain an investment level in Agilent’s stock equal to three times annual salary, including direct ownership of at least 10,000 shares of Agilent common stock. This stock ownership level must be attained by the later of five years from election or the end of fiscal year 2007. Mr. van Ingen’s employment is at-will.
