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NumberofSharesCountedAgainst
GrantDateoftheTotalSharesAvailableforEach
FullValueAwardShareCoveredbytheFullValueAward
May13,2008–May10,20103.38
May11,2010–May7,20122.87
OnorafterMay8,20123.50
(c)WhenanAwardgrantedunderthisPlananddenominatedinsharesofCommonStock(oranyportionthereof)
expires,iscancelled,isforfeitedorisotherwiseterminatedwithouttheissuanceofsuchshares,orissettledincashorconsideration
otherthansharesofCommonStock,thenthesharesofCommonStockpreviouslycountedagainstthetotalnumberofshares
availableforissuanceordeliveryunderthePlanonaccountofsuchAward(orportionthereof)willagainbemadeavailablefor
issuancehereunder.WhenanawardgrantedunderaPredecessorPlananddenominatedinsharesofCommonStock(oranyportion
thereof)expires,iscancelled,isforfeitedorisotherwiseterminatedwithouttheissuanceofsuchshares,orissettledincashor
considerationotherthansharesofCommonStock,thenthesharesofCommonStockpreviouslycountedagainstthetotalnumberof
sharesavailableforissuanceordeliveryundersuchPredecessorPlanonaccountofsuchAward(orportionthereof)willbeaddedto
thetotalnumberofsharesavailableforissuanceordeliveryunderthisPlan.NotwithstandingtherestofthisSection4(c),the
followingsharesofCommonStockwillnotbeaddedtothetotalnumberofsharesavailableorbemadeavailableagainforissuance
underthisPlan:(i)sharesnotissuedordeliveredasaresultofthenetsettlementofanoutstandingstockoptionorstockappreciation
right;(ii)sharesdeliveredtoorwithheldbytheCompanytopaytheexercisepriceoforthewithholdingtaxeswithrespecttoan
award;and(iii)sharesrepurchasedontheopenmarketwiththeproceedsfromthepaymentoftheexercisepriceofanoption.
(d)AnysharesofCommonStockrelatedtoAwardsgrantedthroughtheassumptionof,orinsubstitutionfor,
outstandingawardspreviouslygrantedbyacompanyacquiredbytheCompanyoranAffiliateorwithwhichtheCompanyorany
Affiliatecombines,shallnotbecountedagainstthetotalnumberofsharesavailableforissuanceordeliveryunderthePlan.
5.TermsofAwards.
TheCommitteeshalldeterminethetypeortypesofAwardstobegrantedtoeachParticipant,whichshallbeevidencedbysuch
writtenorelectronicdocumentsastheCommitteeshallauthorize;provided,however,thatnonemployeemembersofthe3MBoard
ofDirectorsshallnotbeeligibletoreceiveIncentiveStockOptions,ProgressiveStockOptions,PerformanceUnitsorPerformance
Shares.ThefollowingtypesofAwardsmaybegrantedunderthisPlan:
(a)IncentiveStockOptions–IncentiveStockOptionsgrantedhereundershallhaveanexercisepriceequaltoone
hundredpercent(100%)oftheFairMarketValueofashareofCommonStockontheGrantDate.IncentiveStockOptionsgranted
hereundershallbecomeexercisableatsuchtimeasshallbeestablishedbytheCommitteeandreflectedinthedocumentsevidencing
suchOptions,andunlesssoonerterminatedshallexpireonthetenthanniversaryoftheGrantDate.
(b)NonqualifiedStockOptions–NonqualifiedStockOptionsgrantedhereundershallhaveanexercisepriceequal
tonolessthanonehundredpercent(100%)oftheFairMarketValueofashareofCommonStockontheGrantDate.Nonqualified
StockOptionsgrantedhereundershallbecomeexercisableandshallexpireatsuchtimeortimesasshallbeestablishedbythe
CommitteeandreflectedinthedocumentsevidencingsuchOptions;provided,however,thatnoNonqualifiedStockOptionshall
expirelaterthantenyearsaftertheGrantDate(exceptthattheCommitteemayextendtheexerciseperiodforNonqualifiedStock
OptionsgrantedtoParticipantsinanycountryorcountriesforanadditionalperiodofuptooneyearifandtotheextentnecessaryto
preventadversetaxconsequencestosuchParticipantsunderthelawsofsuchcountry).
NotwithstandinganythingtothecontraryinthisSection,thevestedandexercisableportionofanOptionorStock
AppreciationRightthatremainsoutstandingimmediatelypriortotheexpirationofitsfulltermonorafterApril1,2016(or,if
applicable,theexpirationofthelimitedpost-terminationexercisewindowoccurringonorafterApril1,2016)shallbedeemedto
havebeenexercisedbytheParticipantatsuchtimeif(i)theParticipanthasacceptedthe
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