Exhibit 10.30

INGERSOLL-RAND COMPANY

SUPPLEMENTAL EMPLOYEE SAVINGS PLAN

(AMENDED AND RESTATED EFFECTIVE JANUARY 1, 2009)

INTRODUCTION

Ingersoll-Rand Company (the “Company”) established the Ingersoll-Rand Company
Employee Savings Plan (the “Qualified Savings Plan”) effective January 1, 2003
for employees employed by the Company and certain subsidiaries and affiliates of
the Company (the “Employees”), under which benefits do not reflect compensation
of Employees in excess of the limitation imposed by Section 401(a)(17) of the
Internal Revenue Code of 1986, as amended (the “Code”) or Compensation deferred
under the IR Executive Deferred Compensation Plan (the “Deferral Plan”).

The purpose of this amended and restated Ingersoll-Rand Company Supplemental
Employee Savings Plan, which was formerly known as the Ingersoll-Rand Company
Supplemental Savings and Stock Investment Plan (the “Supplemental Savings Plan”)
is to provide a vehicle under which Employees can be paid benefits which are
supplemental to benefits payable under the Qualified Savings Plan with respect
to compensation that is not taken into account under the Qualified Savings Plan.

Effective August 1, 2002, the liabilities under the Ingersoll-Rand Company
Supplemental Retirement Account Plan (the “Supplemental RAP”) were merged into
this Supplemental Savings Plan. This Supplemental Savings Plan was last amended
and restated effective January 1, 2003 with respect to all Employees except
those Employees employed by The Torrington Company.

This Supplemental Savings Plan is hereby amended and restated effective
January 1, 2009. The provisions of this Supplemental Savings Plan as in effect
prior to January 1, 2003 shall continue to apply to Employees of The Torrington
Company.

It is intended that this Supplemental Savings Plan be treated as “a plan which
is unfunded and is maintained by an employer primarily for the purpose of
providing deferred compensation for a select group of management or highly
compensated employees” within the meaning of the Employee Retirement Income
Security Act of 1974, as amended.

Unless otherwise indicated herein, capitalized terms shall have the same
meanings as they have under the Qualified Savings Plan.

Notwithstanding any other provision of this Supplemental Savings Plan to the
contrary, the terms of this Supplemental Savings Plan are limited to amounts
credited to Employees accounts hereunder (including earnings on such amounts)
with respect to compensation earned in years commencing prior to January 1, 2005
that pursuant to the effective date rules of Section 885(d) of the American Jobs
Creation Act of 2004 and Treasury Regulations section 1.409A-6(a), are

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not subject to the requirements of Section 409A of the Code. Effective
January 1, 2005, the Company has established the Ingersoll-Rand Company
Supplemental Savings Plan II to provide similar supplemental benefits that are
subject to the requirements of Section 409A of the Code with respect to
compensation earned by Employees in years commencing after December 31, 2004.

SECTION 1

PARTICIPATION

 

1.1 Participation. An Employee shall participate in this Supplemental Savings
Plan if a Supplemental Company Contribution was credited or creditable to the
Employee’s Account under Section 2.2 with respect to compensation earned for any
year commencing before January 1, 2005. An Employee who had an account under the
Supplemental RAP merged into this Supplemental Savings Plan on August 1, 2002
shall also be a participant in this Plan.

SECTION 2

ACCOUNTS/SUPPLEMENTAL BENEFITS

 

2.1 Accounts. The Company shall maintain on its books an account for each
Employee who participates in this Supplemental Savings Plan (each an “Employee
Account”). Such Employee Accounts shall be credited with Supplemental Company
Contributions in accordance with Sections 2.2 and 2.3 hereof.

The Company shall maintain on its books an account for each Employee who had an
account under the Supplemental RAP merged into this Supplemental Savings Plan
(each a “Supplemental RAP Account”).

 

2.2 Company Contributions. An Employee shall be entitled to receive a
Supplemental Company Contribution (credited as provided in Section 2.3) for any
year commencing before January 1, 2005 in which the Employee’s Compensation for
the year exceeds the limitation provided under Section 401(a)(17) of the Code
and/or did not reflect compensation deferred under the Deferral Plan. The amount
of Supplemental Company Contributions credited to the Employee Account for any
such year shall equal (a) the Company Matching Contributions for such year,
calculated as if the limitations described above did not apply, less (b) the
Company Matching Contributions made with respect to the Employee under the
Qualified Savings Plan.

 

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Contributions shall not be made to the Supplemental RAP Account on or after
January 1, 2003. Contributions made to the Supplemental RAP Account prior to
January 1, 2003 were made in accordance with the provisions of the Supplemental
RAP in effect prior to January 1, 2003.

 

2.3 Common Stock Units.

 

  (a) For purposes hereof, the following terms shall have the meanings set forth
below:

 

  (i) “Common Stock” means the Class A common shares, par value $1.00 per share,
of Ingersoll-Rand Company Limited, a Bermuda company.

 

  (ii) “Common Stock Unit” means the right to receive dividends in respect of
the Common Stock and the right to receive the Fair Market Value of a Unit.

 

  (iii) “Fair Market Value of a Unit” means the fair market value of one unit of
Common Stock as determined under the recordkeeping procedures established for
the Company Stock Fund under the Qualified Savings Plan.

 

  (b) All Supplemental Company Contributions shall be made by crediting to the
Employee Account of each Employee eligible to participate in this Supplemental
Savings Plan such number of Common Stock Units as will equal (i) the amount of
Supplemental Company Contributions to which such Employee is entitled pursuant
to Section 2.2, divided by (ii) the Fair Market Value of a Unit on the date such
Supplemental Company Contribution is made. Crediting of Common Stock Units shall
occur at the same time as determined under the recordkeeping procedures
established for the Qualified Savings Plan.

 

  (c) On the date of payment of each cash dividend in respect of the Common
Stock, each Employee Account shall be credited with additional Common Stock
Units in the same manner and at the same time as determined under the
recordkeeping procedures established for the Qualified Savings Plan.

 

  (d) In the event of any stock dividend on the Common Stock or any split-up or
combination of shares of the Common Stock, appropriate adjustment shall be made
by the Committee (hereinafter defined) in the aggregate number of Common Stock
Units credited to each Employee Account.

 

2.4 Interest on Supplemental RAP Account.

Unless and until the Company establishes a trust pursuant to Section 6.1 hereof,
the amounts credited to each Supplemental RAP Account shall be credited with
interest at a rate equal to the rate of return earned by the money market
investment option available under the Qualified Savings Plan and that is
designated by the Committee as the money

 

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market investment option that shall apply for purposes of crediting interest
under this Section 2.4. To the extent the Company contributes funds on behalf of
an Employee to a trust established under Section 6.1 hereof, his Supplemental
RAP Account hereunder shall be transferred to an account within such trust and
shall be credited with the rate of return earned by the funds so contributed.
Any unfunded portion of the Supplemental RAP Account shall continue to be
credited with interest as provided above in this Section 2.4.

SECTION 3

VESTING

 

3.1 Vesting. An Employee shall at all times be fully vested in his Employee
Account.

SECTION 4

DISTRIBUTIONS

 

4.1 Time of Distribution.

 

  (a) With respect to terminations of employment by reason of death, disability,
retirement or otherwise occurring on or after May 29, 2003, the amounts payable
to an Employee from his Employee Account and/or his Supplemental RAP Account
hereunder shall be payable in a lump sum on the Employee’s Payment Date. The
Payment Date for any Employee shall be the later of (a) the first business day
of the calendar year following the date of the Employee’s termination of
employment with the Company, or (b) the first business day of the sixth calendar
month following the date of the Employee’s termination of employment with the
Company, unless such Employee is a participant in the Ingersoll-Rand Company
Elected Officers Supplemental Program or the Ingersoll-Rand Company Key
Management Supplemental Program and such Employee filed a deferral election
under the Deferral Plan at least one year in advance of such termination of
employment to defer the payment of such lump sum under the Deferral Plan.

 

  (b) In the event a valid deferral election is made under the Deferral Plan,
the lump sum amount that would have otherwise been payable under this
Supplemental Savings Plan shall be credited to the Deferral Plan as soon as
administratively practicable following the Employee’s termination of employment
with the Company.

 

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  (c) Any such payment not deferred under the Deferral Plan shall be made to the
Employee, or if the Employee is not then living, to the Employee’s
beneficiary(ies) under the Qualified Savings Plan. Any payment to such
beneficiary(ies) shall be payable thirty (30) days after the date of the
Employee’s death, or as soon as practicable thereafter.

 

4.2 Form of Benefits.

 

  (a) With respect to terminations of employment by reason of death, disability,
retirement or otherwise occurring on or after May 29, 2003, benefits payable
from any Employee’s Employee Account shall be in the form of a cash lump-sum
equal to (i) the number of Common Stock Units credited to such Employee’s
Employee Account as of the date of such Employee’s termination of employment,
multiplied by (ii) the Fair Market Value of a Unit on the Valuation Date. The
amount payable pursuant to this Section 4.2(a) shall accrue interest based on
the rate paid by the money market investment option available under the
Qualified Savings Plan and that is designated by the Committee as the money
market investment option that shall apply for purposes of accruing interest
under this Section 4.2(a). Interest shall accrue until the Employee’s Payment
Date.

 

  (b) Benefits payable from an Employee’s Supplemental RAP Account shall be in
the form of a cash lump-sum equal to the amounts credited to such Employee’s
Supplemental RAP Account as of the Employee’s Payment Date.

 

4.3 Valuation Date. For purposes hereof, the Valuation Date (as defined in the
Qualified Savings Plan) shall be the date that is as soon as administratively
practicable following an Employee’s termination of employment with the Company
by reason of death, disability, retirement or otherwise.

 

4.4 Payment of Benefits. The benefits payable under this Supplemental Savings
Plan shall be paid to an Employee (or beneficiary(ies)) by the Company,
provided, however, that if the Company shall have made a contribution to a trust
established under Section 5 hereof of all or a portion of the amount credited to
such Employee’s Account and/or Supplemental RAP Account under this Supplemental
Savings Plan (a) the amount paid to the Employee by the Company hereunder shall
be reduced by the amount distributed to such Employee from such trust and
(b) the amount distributed to such Employee from such trust shall be limited by
the amount to which such Employee is entitled pursuant to Section 4.3 hereof.

 

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SECTION 5

TRUST FUND INVESTMENT

 

5.1 Establishment of Trust. Except as provided in Section 6.1 hereof, the
Company shall have no obligation to fund the Employee Accounts and/or
Supplemental RAP Accounts hereunder. The Company may, however, in its sole
discretion, transfer assets to a trust fund to assist it in meeting its
obligations under this Supplemental Savings Plan. The trust agreement shall
provide that all amounts contributed to the trust, together with earnings
thereon, shall be invested and reinvested as provided therein.

 

5.2 Rights of Creditors. The assets held by the trust shall be subject to the
claims of general creditors of the Company in the event of the Company’s
insolvency. The rights of an Employee to the assets of such trust fund shall not
be superior to those of an unsecured creditor of the Company.

 

5.3 Disbursement of Funds. All contributions to the trust fund shall be held and
disbursed in accordance with the provisions of the related trust agreement. No
portion of the trust fund may be returned to the Company other than in
accordance with the terms of the related trust agreement.

 

5.4 Company Obligation. Notwithstanding any provisions of any such trust
agreement to the contrary, the Company shall remain obligated to pay benefits
under this Supplemental Savings Plan. Nothing in this Supplemental Savings Plan
or any such trust agreement shall relieve the Company of its liabilities to pay
benefits under this Supplemental Savings Plan except to the extent those
liabilities are met by the distribution of trust assets.

SECTION 6

CHANGE IN CONTROL

 

6.1 Contributions to Trust. In the event that the Board of Directors of
Ingersoll-Rand Company is informed by the Board of Directors of Ingersoll-Rand
Company Limited that a “change in control” of Ingersoll-Rand Company Limited has
occurred, Ingersoll-Rand Company shall be obligated to establish a trust and to
contribute to the trust an amount equal to the balance credited to each
Employee’s Employee Account and/or Supplemental RAP Account established
hereunder, such Employee Accounts and/or Supplemental RAP Accounts to be valued
as of the last day of the calendar month immediately preceding the date the
Board of Directors of Ingersoll-Rand Company was informed that a “change in
control” has occurred.

 

6.2 Amendments. Following a “change in control” of Ingersoll-Rand Company
Limited, any amendment modifying or terminating this Supplemental Savings Plan
shall have no force or effect.

 

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6.3 Definition of Change in Control. For purposes hereof, a “change in control”
shall have the meaning designated: (i) in the Ingersoll-Rand Company Amended and
Restated Grantor Trust Agreement dated August 6, 1999, between the Company and
Wachovia Bank, as trustee, or (ii) in such other trust agreement that restates
or supercedes the agreement referred to in clause (i), in either case for
purposes of satisfying certain obligations to executive employees of
Ingersoll-Rand Company. Notwithstanding the foregoing, for purposes of this
Section 6, the term “change in control” shall refer solely to a “change in
control” of Ingersoll-Rand Company Limited.

SECTION 7

MISCELLANEOUS

 

7.1 Amendment and Termination. Except as provided in Section 6.2, this
Supplemental Savings Plan may, at any time and from time to time, be amended or
terminated without the consent of any Employee or beneficiary, by (a) the Board
of Directors of Ingersoll-Rand Company Limited or the Compensation Committee (as
described in Section 7.6), or (b) in the case of amendments which do not
materially modify the provisions hereof, the Administrative Committee (as
described in Section 7.6), provided, however, that no such amendment or
termination shall reduce any benefits accrued or vested under the terms of this
Supplemental Savings Plan as of the date of termination or amendment.

 

7.2 No Contract of Employment. The establishment of this Supplemental Savings
Plan or any modification thereof shall not give any Employee or other person the
right to remain in the service of the Company or any of its subsidiaries, and
all Employees and other persons shall remain subject to discharge to the same
extent as if the Supplemental Savings Plan had never been adopted.

 

7.3 Limitation of Rights. Nothing in this Supplemental Savings Plan shall be
construed to give any Employee any rights whatsoever with respect to shares of
Common Stock.

 

7.4 Withholding. The Company shall be entitled to withhold from any payment due
under this Supplemental Savings Plan any and all taxes of any nature required by
any government to be withheld from such payment.

 

7.5 Loans. No loans to Employees shall be permitted under this Supplemental
Savings Plan.

 

7.6

Compensation Committee. This Supplemental Savings Plan shall be administered by
the Compensation Committee (or any successor committee) of the Board of
Directors of Ingersoll-Rand Company Limited (the “Compensation Committee”). The
Compensation Committee has delegated to the Administrative Committee appointed
by the Company’s Chief Executive Officer (the “Administrative Committee”) the
authority

 

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to administer the Supplemental Savings Plan in accordance with its terms.
Subject to review by the Compensation Committee, the Administrative Committee
shall make all determinations as to the right of any person to a benefit. Any
denial by the Administrative Committee of the claim for benefits under this
Supplemental Savings Plan by an Employee or beneficiary shall be stated in
writing by the Administrative Committee and delivered or mailed to the Employee
or beneficiary. Such notice shall set forth the specific reasons for the
Administrative Committee’s decision. In addition, the Administrative Committee
shall afford a reasonable opportunity to any Employee or beneficiary whose claim
for benefits has been denied for a review of the decision denying the claim.

 

7.7 Entire Agreement; Successors. This Supplemental Savings Plan, including any
subsequently adopted amendments, shall constitute the entire agreement or
contract between the Company and any Employee regarding this Supplemental
Savings Plan. There are no covenants, promises, agreements, conditions or
understandings, either oral or written, between the Company and any Employee
relating to the subject matter hereof, other than those set forth herein. This
Supplemental Savings Plan and any amendment hereof shall be binding on the
Company and the Employees and their respective heirs, administrators, trustees,
successors and assigns, including but not limited to, any successors of the
Company by merger, consolidation or otherwise by operation of law, and on all
designated beneficiaries of the Employee.

 

7.8 Severability. If any provision of this Supplemental Savings Plan shall, to
any extent, be invalid or unenforceable, the remainder of this Supplemental
Savings Plan shall not be affected thereby, and each provision of this
Supplemental Savings Plan shall be valid and enforceable to the fullest extent
permitted by law.

 

7.9 Application of Plan Provisions. All relevant provisions of the Qualified
Savings Plan shall apply to the extent applicable to the obligations of the
Company under this Supplemental Savings Plan. Benefits provided under this
Supplemental Savings Plan are independent of, and in addition to, any payments
made to Employees under any other plan, program, or agreement between the
Company and Employees eligible to participate in this Supplemental Savings Plan,
or any other compensation payable to any Employee by the Company or by any
subsidiary or affiliate of the Company.

 

7.10 Governing Law. Except as preempted by federal law, the laws of the State of
New Jersey shall govern this Supplemental Savings Plan.

 

7.11 Participant as General Creditor. Benefits under this Supplemental Savings
Plan shall be payable by the Company out of its general funds. The Company shall
have the right to establish a reserve or make any investment for the purposes of
satisfying its obligation hereunder for payment of benefits at its discretion,
provided, however, that no Employee eligible to participate in this Supplemental
Savings Plan shall have any interest in such investment or reserve. To the
extent that any person acquires a right to receive benefits under this
Supplemental Savings Plan, such rights shall be no greater than the right of any
unsecured general creditor of the Company.

 

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7.12 Nonassignability. To the extent permitted by law, the right of any Employee
or any beneficiary in any benefit hereunder shall not be subject to attachment
or other legal process for the debts of such Employee or beneficiary; nor shall
any such benefit be subject to anticipation, alienation, sale, transfer,
assignment or encumbrance.

IN WITNESS WHEREOF, the Company has caused this amendment and restatement to be
executed by its duly authorized representative on this 22nd day of December,
2008.

 

INGERSOLL-RAND COMPANY By:    /s/ Marcia J. Avedon   Marcia Avedon   Senior Vice
President

 

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