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Supplemental Executive Retirement Plan

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Sectors: Health Products and Services
Effective Date: July 13, 1988
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EXHIBIT 10p
C.R. BARD, INC.
Supplemental Executive Retirement Plan
as of July 13. 1988
Section 1. PURPOSE
1.1 The purpose of this Supplemental Executive Retirement Plan is to aid in the recruiting and retention of key Bard employees by establishing a means of providing unfunded benefits for certain eligible employees (and their spouses) which are in excess of the amounts otherwise provided under the Retirement Plan and Excess Plan (both as defined below) due to limitations imposed as a result of certain provisions of the Internal Revenue Code of 1986, as amended.
Section 2. DEFINITIONS
2.1 As used herein the following terms shall have the following meanings unless a different meaning is plainly required by the context.
(a) "Bard" means C.R. Bard, Inc and its affiliates and subsidiaries.


(b) "Board of Directors" means the Board of Directors of Bard.


(c) Change of Control means a change of control as defined in Section 4.3.


(d) Code means the Internal Revenue Code of 1986, as amended from time to time.


(e) "Committee" means the Retirement Committee appointed by the Board of Directors to administer the Retirement Plan.


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(f) "Effective Date" means July 13, 1988. This Plan shall only apply to persons who retire under the Retirement Plan after July 13, 1988.


(g) "Excess Plan" means the C.R. Bard, Inc. Excess Benefit Plan as the same may be in effect from time to time .


(h) "Participant" means any person included in the membership of the Retirement Plan who has been designated as a Participant by the Board of Directors or its delegate.


(i) "plan" means this Supplemental Executive Retirement Plan as set forth herein, or if hereafter amended, as so amended.


(j) "Potential Change of Control means a potential change of control as defined in Section 4.3.


(k) "Retirement Plain means the Employee's Retirement Plan of C.R. Bard, Inc as the same may be in effect from time to time.


(l) "Surviving Spouse" means the widow or widower of a deceased Participant who is married to the Participant on the date of the Participant's death.


2.2 Other terms used herein which are defined in the Retirement Plan shall have the same meaning when used in this Plan.
Section 3. ADMINISTRATION AND PARTICIPATION
3.1 The Board of Directors or its delegate shall designate, from time to time at its discretion, those employees of Bard who are Participants hereunder.
3.2 The Plan shall be administered by the Committee. It shall be the duty of the Committee to maintain such records as will enable the Board of Directors, or its delegate, to determine those officers and employees who are entitled to

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participate in the Plan. The Committee may adopt, subject to the approval of the Board of Directors, such rules and regulations as it may deem necessary for the proper administration of this Plan, and its decision in all matters shall be final, conclusive and binding.
3.3 The provisions in the Retirement Plan relating to the Committee shall be applicable to the powers, rights, duties and immunities of the Committee in the conduct of its affairs under this Plan.
3.4 Notwithstanding the foregoing, upon the occurrence of a Potential Change of Control or a Change of Control (as defined in Section 4.3) no amendment of the Plan or action of the Committee or the Board of Directors or its delegate which affects any Participant is valid and enforceable without the prior written consent of such Participant.
Section 4. SUPPLEMENTAL EXECUTIVE RETIREMENT BENEFITS
4.1 With respect to any Participant who retires from Bard or dies while employed by Bard after the Effective Date of the Plan, the benefit provided under this Plan to the Participant (and, if applicable, the Participant's Surviving Spouse) shall be equal to:
(a) The total annual pension that the Participant (or the
Participant's Surviving Spouse, if applicable) would receive
under the terms of the Retirement Plan (taking into account
any election as to form of benefit made by the Participant
under the Retirement Plan and the Participant's vesting status
under the Retirement Plan) computed on the basis of the
Participant's full salary and bonus accrued for the applicable
periods under the Retirement Plan benefit formula and computed
without


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