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EXHIBIT10.1
(Includingamendments
throughFebruary2,2016)
3M2008LONG-TERMINCENTIVEPLAN
1.Purposes.
Thepurposesofthisplanaretohelp3Mattract,retainandmotivateoutstandingemployeestoincreaseshareholdervalueby
contributingtothelong-termgrowthandsuccessofitsbusiness;tomorecloselyalignthefinancialinterestsoftheseemployeeswith
thoseof3M’sothershareholdersbylinkingasignificantportionoftheircompensationtotheperformanceoftheCompanyandits
stockprice;toencourageemployeestoacquireanequitystakeintheCompany;tohelp3Mattractandretainwell-qualified
individualstoserveasnonemployeemembersofitsBoardofDirectors;andtopromotethealignmentofinterestsofthese
nonemployeedirectorswiththoseof3M’sothershareholdersbyprovidingalloraportionoftheircompensationforservingas
directorsintheformof3Mcommonstock.
Thisplanisintendedtoreplaceandsucceedthe2005ManagementStockOwnershipProgram,the3MPerformanceUnitPlan,and
the1992DirectorsStockOwnershipProgram.
2.Definitions.
(a)“Affiliate”meansanyentitythatisdirectlyorindirectlycontrolledbytheCompanyorinwhichtheCompanyhasa
significantequityinterest,asdeterminedbytheCommittee.
(b)“Award”meansanyIncentiveStockOption,NonqualifiedStockOption,ProgressiveStockOption,StockAppreciation
Right,RestrictedStock,RestrictedStockUnit,PerformanceUnit,PerformanceShareorotherStockAwardgrantedtoa
ParticipantunderthisPlan.
(c)“Code”meanstheInternalRevenueCodeof1986,asamended.
(d)“Committee”meanstheCompensationCommitteeof3M’sBoardofDirectors.
(e)“CommonStock”meansthecommonstockof3MCompanywithaparvalueof$0.01pershare.
(f)“Company”means3MCompany,aDelawarecorporation.
(g)“DisqualifyingTermination”meansaterminationofaParticipant’semploymentwiththeCompanyoranAffiliatedueto
(i)amaterialviolationofanypolicyoftheCompanyorsuchAffiliate,including,withoutlimitation,anyoftheCompany’s
BusinessConductPolicies,or(ii)embezzlementfromortheftofpropertybelongingtotheCompanyorsuchAffiliate.
(h)“DividendEquivalents”means,onanydividendrecorddate,thatamountofcashorsharesequalinvaluetothedividend
payableonsharesofCommonStockasdeclaredby3M’sBoardofDirectorswithrespecttosuchdividendrecorddate.
(i)“FairMarketValue”meanstheclosingpriceforashareofCommonStockasreportedontheNewYorkStockExchange
CompositeTransactions.
(j)“FullValueAward”meansanyAwarddenominatedorpaidinsharesofCommonStockotherthananOptionorStock
AppreciationRight.
(k)“GrantDate”meanstheeffectivedateofanAwardgrantedtoaParticipantunderthisPlan.
(l)“IncentiveStockOption”meansanOptiongrantedunderthisPlanwhichsatisfiestherequirementsofsection422ofthe
CodeandissodesignatedinthewrittenorelectronicdocumentsevidencingsuchOption.