8-KMaterial AgreementsExhibits & Filings

AGILENT TECHNOLOGIES, INC. 8-K Report, Material Agreement (Nov 19, 2004)

Filed November 19, 2004For Securities:A

Summary

Agilent Technologies, Inc. filed an 8-K report on November 19, 2004, primarily announcing the adoption of two new deferred compensation plans, effective November 1, 2004. These plans, the 2005 Deferred Compensation Plan and the 2005 Deferred Compensation Plan for Non-Employee Directors, are continuations of existing plans and allow key employees and non-employee directors to defer a portion of their compensation. The executive plan permits deferrals of base salary, bonus awards, and long-term performance plan (LTPP) awards. Participants can elect lump-sum or installment distributions upon termination of service or other elected dates, with deferrals adjusted based on selected investment options. For non-employee directors, the plan allows deferral of retainers and committee fees, with deferral accounts credited in company common stock and distributions made upon termination or other elected dates.

Key Highlights

  • 1Adoption of the Agilent Technologies, Inc. 2005 Deferred Compensation Plan for eligible employees and executives.
  • 2Adoption of the Agilent Technologies, Inc. 2005 Deferred Compensation Plan for Non-Employee Directors.
  • 3Both plans are continuations of previously established deferred compensation arrangements.
  • 4The executive plan allows deferral of base salary, bonus awards, and LTPP awards.
  • 5Deferred amounts in the executive plan are adjusted based on participant-selected investment options.
  • 6Non-employee director deferrals are credited in Agilent common stock.
  • 7Distributions from both plans can be made as a lump sum or in installments upon termination or other elected dates.

Frequently Asked Questions

The primary purpose of this 8-K filing is to announce the adoption of two new deferred compensation plans: the Agilent Technologies, Inc. 2005 Deferred Compensation Plan and the Agilent Technologies, Inc. 2005 Deferred Compensation Plan for Non-Employee Directors. These plans are continuations of existing arrangements and became effective on November 1, 2004.

The 2005 Deferred Compensation Plan is for executive officers and other eligible highly compensated employees. The 2005 Deferred Compensation Plan for Non-Employee Directors is specifically for Board members who are not employees of the Company.

For the executive plan, deferred compensation amounts are adjusted for gains or losses based on the performance of investment options selected by the participant from funds chosen by the Compensation Committee. Deferrals related to LTPP awards are specifically treated as invested in Agilent common stock.

Agilent Technologies, Inc., at its sole discretion, has the ability to suspend, terminate, revise, or amend these plans. However, any such actions cannot reduce the amounts credited to participants' deferral accounts, which remain a liability of Agilent.