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adjustmentsmadeinaccordancewithSection11),(ii)permitthegrantingofAwardswithpurchasepriceslowerthanthosespecified
inSection5,or(iii)beamaterialamendmentforwhichstockholderapprovalisrequiredbyapplicablelaw,regulationorstock
exchangerule.
17.ChangeinControl.
ForpurposesofthisSection17,thefollowingwordsandphrasesshallhavethemeaningsindicatedbelow,unlessthecontextclearly
indicatesotherwise:
(a)"Person"shallhavethemeaningassociatedwiththattermasitisusedinSections13(d)and14(d)oftheAct.
(b)"AffiliatesandAssociates"shallhavethemeaningsassignedtosuchtermsinRule12b-2promulgatedunderSection12
oftheAct.
(c)"Act"meanstheSecuritiesExchangeActof1934.
(d)"ContinuingDirectors"shallhavethemeaningassignedtosuchterminArticleThirteenthoftheRestatedCertificateof
Incorporationof3MCompany.
(e)“Cause”means(i)amaterialviolationofanypolicyoftheCompanyortheAffiliateemployingtheParticipant,
including,withoutlimitation,anyoftheCompany’sBusinessConductPolicies,or(ii)embezzlementfromortheftofproperty
belongingtotheCompanyortheAffiliateemployingtheParticipant.
(f)“GoodReason”means(i)amaterialdiminutionintheParticipant’sposition,authority,dutiesorresponsibilitiesasin
effectimmediatelypriortotheChangeinControl,(ii)amaterialdiminutionintheParticipant’sbasesalaryorannualplannedcash
compensation,or(iii)amaterialchangeinthegeographiclocationatwhichtheParticipantisrequiredtoperformservicesforthe
CompanyortheAffiliateemployingsuchParticipant.
NotwithstandinganyotherprovisionofthisPlantothecontrary,alloutstandingOptionsandStockAppreciationRightswithaGrant
DatepriortoFebruary9,2010shall(i)becomeimmediatelyexercisableinfullfortheremainderoftheirrespectivetermsuponthe
occurrenceofaChangeinControloftheCompany,and(ii)remainexercisableinfullforaminimumperiodofsixmonthsfollowing
theChangeinControl;provided,however,thatinnoeventshallanyOptionorStockAppreciationRightbeexercisablebeyondthe
originalexpirationdate.Similarly,allrestrictionsregardingtheRestrictedPeriodorthesatisfactionofothertermsandconditions
prescribedbytheCommittee,ifany,withrespecttograntsofRestrictedStock,RestrictedStockUnitsorotherStockAwardswitha
GrantDatepriortoFebruary9,2010,shallautomaticallylapse,expire,andterminateandtheParticipantshallbeimmediately
entitledtoreceiveastockcertificateforthenumberofsharesofCommonStockrepresentedbytheRestrictedStock,Restricted
StockUnitsorStockAwardsupontheoccurrenceofaChangeinControl.
NotwithstandinganyotherprovisionofthisPlantothecontrary,ifaParticipant’semploymentwiththeCompanyoranAffiliateis
terminatedwithoutCauseoriftheParticipantresignsforaGoodReasonwithineighteenmonthsfollowingaChangeinControlof
theCompany,thenallofsuchParticipant’soutstandingOptionsandStockAppreciationRightswithaGrantDateofFebruary9,
2010orlatershallbecomeimmediatelyexercisableinfullfortheremainderoftheirrespectivetermsandshallremainexercisablein
fullforaminimumofsixmonthsfollowingthedateofsuchterminationorresignation;provided,however,thatinnoeventshallany
OptionorStockAppreciationRightbeexercisablebeyondtheoriginalexpirationdate.Similarly,allrestrictionsregardingthe
RestrictedPeriodorthesatisfactionofothertermsandconditionsprescribedbytheCommittee,ifany,withrespecttograntsof
RestrictedStock,RestrictedStockUnitsorotherStockAwardswithaGrantDateofFebruary9,2010orlater,shallautomatically
lapse,expireandterminateandtheParticipantshallbeimmediatelyentitledtoreceiveastockcertificateforthenumberofsharesof
CommonStockrepresentedbytheRestrictedStock,RestrictedStockUnitsorStockAwardsupontheterminationwithoutCauseof
theParticipant’semploymentwiththeCompanyoranAffiliateortheParticipant’sresignationforGoodReasonwithineighteen
monthsfollowingaChangeinControloftheCompany.
NotwithstandinganyotherprovisionofthisPlantothecontrary,alloutstandingOptionsandStockAppreciationRightsshallbecome
immediatelyexercisableinfullandremainexercisableinfullforaminimumperiodofsixmonths
11