Exhibit 10.1
345 Park Avenue New York, NY 10154-0037 212-546-4000
February 12, 2008
PERSONAL AND CONFIDENTIAL
Mr. James M. Cornelius
Chief Executive Officer
Bristol-Myers Squibb Company
345 Park Avenue
New York, NY 10154-0037
Dear Jim:
In connection with your agreeing to serve as Chairman and Chief Executive Officer of Bristol-Myers Squibb Company (the “Company”), for an unspecified term, this letter confirms our understanding that the Letter Agreement dated April 26, 2007 between you and the Company is hereby terminated.
| BRISTOL-MYERS SQUIBB COMPANY | ||
| By: | /s/ Lewis B. Campbell | |
| Name: | Lewis B. Campbell | |
| Title: | Chairman of the Compensation and Management Development Committee of the Board of Directors | |
| Agreed to this 12th day of February, 2008. | ||
| /s/ James M. Cornelius |
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| James M. Cornelius | ||