Exhibit 10.14

 

WATTS WATER TECHNOLOGIES, INC.

 

Non-Employee Director Compensation

 

The annual compensation payable by Watts Water Technologies, Inc. to
non-employee Directors as determined by the Board of Directors of the
Corporation on July 31, 2012 is as follows:

 

·      $60,000 annual retainer;

 

·                  Annual grant of stock with a fair market value on the date of
grant equal to $90,000;

 

·                  The Chairman of the Board shall receive an additional annual
retainer of $40,000;

 

·                  The Chairman of the Audit Committee shall receive an
additional annual retainer of $17,500;

 

·                  The Chairman of the Compensation Committee shall receive an
additional annual retainer of $12,500;

 

·                  The Chairman of the and the Nominating and Corporate
Governance Committee shall receive an additional annual retainer of $5,000; and

 

·                  There shall be no additional compensation paid for
participation in Board or committee meetings.

 

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