<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>2
<FILENAME>tenone.txt
<TEXT>
Exhibit 10.1


    Compensation Arrangements for Non-Employee Directors

Effective January 1, 2008, each Non-Employee Director of
Johnson & Johnson will receive an annual fee of $100,000 for
his or her services as a Director.  In addition, Directors
receive $5,000 (per committee) for service on a standing
committee of the Board of Directors or $15,000 (per
committee) if Chairman of the committee.  The Presiding
Director is paid an additional annual fee of $10,000.  Non-
Employee Directors are eligible to receive meeting fees of
$1,500 per day if they attend a committee meeting held on a
day other than a Board meeting day, except that no meetings
fees are paid if such a meeting is a telephonic meeting.

Under the Johnson & Johnson 2005 Long-Term Incentive Plan,
each Non-Employee Director receives non-retainer equity
compensation each year in the form of shares of restricted
Company Common Stock having a value of $100,000 on the grant
date. The restricted shares become freely transferable on
the third anniversary of the grant date.  In addition, each
Non-Employee Director receives a one-time grant of 1,000
shares of unrestricted Company Common Stock upon first
becoming a member of the Board of Directors.
</TEXT>
</DOCUMENT>
