Assignment Agreement for Peter Kasper Jakobsen – President, Americas (Bristol-Myers Squibb)

Housing: In the event you choose to purchase a home in the Chicago area, you will receive a housing allowance. This allowance is intended to assist in the home purchase and is as follows: in the first year, USD 15,000, in the second year, USD 10,000 and in the third and final year, USD 5,000. If you choose to rent while in the Chicago area, a rental allowance will be provided for the three years with a declining amount in each year. This allowance is intended to assist in home rental and is in lieu of the housing allowance for home purchase. It is provided as follows: in the first year, USD 7,500, in the second year, USD 5,000 and in the third and final year, USD 2,500. When the housing or rental allowance is paid to you, US taxes will be withheld as you will be responsible for the taxes on this allowance. You may request to receive the first 2 payments in the first year of your assignment as an option. The third payment will not be made however until year 3 of your assignment.

Your relocation benefits will apply for one year from the date of your transfer to Chicago. Please note that you will have up to 12 months from the start of your assignment to decide to purchase a home or rent. Upon arrival in Chicago you will be responsible for your monthly rent until you have made your election for permanent housing in the US. Once you have made a final decision, the Relocation Department will issue your payment(s) in accordance with the payment schedule noted above.

Automobile: You will receive an automobile allowance of USD 3,500 per year for two (2) years. This represents a payment towards the loss of your current company car and covers any loss on sale expenses of your home country car. This allowance may also be used to purchase or lease your automobile. The company will reimburse the taxes attributed to this payment. This allowance will be paid over a two-year period in two lump-sums.

Travel Expenses: The Company will pay for airfare in accordance with BMS Global travel policy for you and your relocating dependents from Thailand to Evansville, Indiana and for further travel for your final move from Evansville to Chicago at the appropriate time. Round trip airfare in accordance with BMS global travel policy will also be provided once in Evansville for you and your spouse to take a pre-assignment visit to Chicago, not to exceed seven (7) days. Living expenses will be reimbursed including hotel, meals and automobile rental during this visit.

Temporary Living Expenses: For the period of time you are in Evansville, you will be provided with fully furnished accommodations paid for by the Company. Meal and incidental expenses while in Evansville will be at your personal expense. For your transition to Chicago, temporary living expenses, including lodging, meals, laundry, telephone, and local transportation will be reimbursed to you for a period of up to sixty (60) days. This will be paid in two lump sum payments. Family interim living expenses will be reimbursed for a period of up to thirty (30) days.

Shipment of Household Goods: Your household goods will be shipped from Thailand to Evansville, Indiana. You will be permitted an air shipment of 200 lbs per family member, with a family cap of 600 lbs. The balance of your goods will be shipped via ocean freight. Upon arrival in Evansville, your goods will be placed in storage at the mover’s warehouse until you locate a permanent residence in Chicago. At that time, your goods will be delivered from storage to Chicago via ground transport. All moving costs will be paid by the Company. The Company reserves the right not to ship very large, unusual or very valuable items.

Relocation Allowance: The Company will provide a tax-free relocation allowance of USD 12,000, (equivalent to one month’s base salary capped at USD 12,000) to defray the miscellaneous relocation expenses and appliance repurchase costs you may incur at the beginning of your assignment.

Settling-In and Cross-cultural Training: The company will provide you and your family with settling-in services. Cultural assimilation training will be offered to you and your spouse. These expenses will be grossed up for tax purposes.

Home Sales Assistance: You are eligible for reimbursement of normal and customary closing costs associated with the sale of your primary residence in New Zealand. This expense will be grossed up for tax purposes. Loss on sale provisions will apply to your primary residence in New Zealand. If upon sale of your New Zealand residence you realize a capital gain either in New Zealand or in the US, you will be solely responsible for the tax on this gain. The company will not cover any capital gain taxes. The Company will also not cover any US tax on foreign exchange rate gain. All steps necessary should be taken to complete the sale of your New Zealand residence before transferring to the US. If a complete sale is not possible prior to your residence in the US, prior approval of Global Expatriate Services is necessary in order for the Company to cover any foreign exchange rate gain.

Rental Assistance: BMS will pay the reasonable and customary costs associated with breaking your housing lease in Bangkok, Thailand, if applicable. This expense will be grossed up for tax purposes.

Severance Policy: In the event that the company, for any reason (except for cause), finds it necessary to terminate your employment while you are in the United States, your severance will be calculated based on the US Severance Plan.

Relocation Policy: In the event that the company, for any reason (except for cause), finds it necessary to terminate your employment while you are in the United States, and the termination date is within three years from the start of your assignment, and you elect to

return to New Zealand within 30 days of your termination date, the Company will be responsible for the cost of return economy class airfare for you and your accompanying dependents, and the reasonable costs associated with the shipment of your household goods. If your termination date is more than three years from the start of your assignment in the United States, return transportation for you and your family and the expenses of shipping your household goods will not be reimbursed.