Exhibit 10.4
image04.jpg [image04.jpg] 

Restricted Stock Unit Award

DATE: February __, 2020     Date of Grant: 02/__/2020

TO: «Name»       xxxxx Restricted Stock Units
              

        
Your Restricted Stock Unit Award is subject to all the terms and provisions of
the Dover Corporation ("Dover") 2012 Equity and Cash Incentive Plan ("Plan"),
which terms and provisions are expressly incorporated into and made a part of
the award as if set forth in full herein.  Capitalized terms used but not
defined herein have the meanings ascribed to them in the Plan. A copy of the
Plan can be found at www.dovercorporation.com, in the Investor Information area,
under SEC Filings, in the Proxy Statement filed on March 19, 2012, Appendix A.
 
In addition, your Restricted Stock Unit Award is subject to the following:
 
1.A Restricted Stock Unit is a bookkeeping entry on the books of Dover.  No
shares of Dover common stock shall be issued to you in respect of the Restricted
Stock Unit Award until the restrictions have lapsed at the end of a Restricted
Period.  Within 30 days following the end of the Restricted Period, Dover shall
issue shares of Common Stock in your name equal to the number of Restricted
Stock Units that have vested during the Restricted Period less applicable tax
withholding.  In the event that your employment shall terminate prior to your
vesting in the Restricted Stock Units, the Restricted Stock Units shall be
forfeited.
 
2.You shall vest in the Restricted Stock Unit Award, and all restrictions
thereon shall lapse, with respect to 33% of your Restricted Stock Units on March
15, 2021 (or the first trading thereafter if such date is not a trading
day), with respect to 33% of your Restricted Stock Units on March 15, 2022 (or
the first trading thereafter if such date is not a trading day) and with respect
to 34% of your Restricted Stock Units on March 15, 2023 (or the first trading
thereafter if such date is not a trading day), subject to the forfeiture
provisions of the Plan.  You must be an active employee of Dover or an affiliate
at the end of each Restricted Period in order for your Restricted Stock Units to
vest, with certain exceptions as provided in the Plan.
 
3.During the Restricted Period you shall not have any rights of a stockholder or
the right to receive any dividends declared and other distributions paid with
respect to the Restricted Stock Units.  Within 30 days after the end of each
Restricted Period you shall be paid all Dividend Equivalents with respect to the
Restricted Stock Units that have vested.
 
4.You do not have any voting rights with respect to Restricted Stock Units.
 
5.As a condition of receiving your Restricted Stock Unit Award, you agree to be
bound by the terms and conditions of Dover’s Anti-hedging and Anti-pledging
Policy (which is part of Dover’s Securities Trading and Confidentiality Policy)
and by Dover’s Clawback Policy, as such policies may be in effect from time to
time.  The Anti-hedging and Anti-pledging Policy prohibits hedging or
pledging any Dover equity securities held by you or certain designees, whether
such Dover securities are, or have been, acquired under the Plan, another
compensation plan sponsored by Dover, or otherwise.  Please review the
Anti-hedging and Anti-pledging Policy to make sure that you are in compliance. 
You may obtain a copy of the current version of the Anti-hedging and
Anti-pledging Policy, and the Clawback Policy, by contacting the Benefits
Department at 630-541-1540.

--------------------------------------------------------------------------------

 
6.For Non-US Employees, your Restricted Stock Unit Award is subject to the terms
and conditions of the Addendum for Non-US Employees.
 
7.Your Restricted Stock Unit Award is not transferable by you other than by will
or the laws of descent and distribution and in accordance with the applicable
terms and conditions of the Plan.
 
8.Dover reserves the right to amend, modify, or terminate the Plan at any time
in its discretion without notice.