This excerpt taken from the MMM 8-K filed Jul 1, 2005.
Compensation and Benefits. Consistent with the terms of Section 8.01 of the Employment Agreement, 3M will pay you immediately after the Termination Date (or as soon thereafter as reasonably possible) your accrued but unpaid base salary, any accrued but unused vacation benefits and personal holidays, and your earned profit sharing under the Executive Profit Sharing Plan for the quarter ending June 30, 2005. Your participation in 3Ms employee benefit plans will end as of the Date of Termination in accordance with the provisions of such plans, although the termination will have no impact on any benefits in which you shall have become vested prior to such Date of Termination. All of your unvested employee benefits, including but not limited to your qualified and nonqualified pension benefits and the supplemental retirement benefits provided for in Article VII of the Employment Agreement, will be forfeited as of the Date of Termination in accordance with the terms of the respective employee benefit plans and the Employment Agreement. You will also be reimbursed for any incurred but unreimbursed business expenses in accordance with 3Ms procedures upon presentation of documentation and 3M will make any unpaid payments that are due for benefits for the period of your employment. You expressly acknowledge and agree that you are not entitled to receive any severance pay or severance benefits of any kind whatsoever from 3M or any of its affiliates as a result of the termination of your employment.