JNJ

The 2011 Annual Report does not explicitly outline Johnson & Johnson's executive compensation agreements.

The company does report in general terms on its options plans. This report is found in page 54 of the 2011 Annual Report, under Section 17. The options details are as follows:

Stock Options

Stock options expire 10 years from the date of grant and vest over service periods that range from six months to four years. All options are granted at the average of the high and low prices of the Company's Common Stock on the New York Stock Exchange on the date of grant. Under the 2005 Long-Term Incentive Plan, the Company may issue up to 260 million shares of common stock. Shares available for future grants under the 2005 Long-Term Incentive Plan were 104.9million at the end of 2011. The Company settles employee stock option exercises with treasury shares. Treasury shares are...
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