EXHIBIT 10.1
Cooper US, Inc.
Executive Stock Incentive Agreement
          This Agreement is made as of the 8th day of February, 2009 between
Cooper US, Inc., a Delaware corporation, having its principal place of business
in Houston, Texas (the “Company”) and                      an Executive of the
Company (“Executive”). All capitalized terms used in this Agreement are as
defined in the Cooper Industries Stock Incentive Plan (the “Plan”), unless
otherwise defined in this Agreement.
     1. Performance Share Award
          (a) Performance Period. For purposes of this Agreement, the
“Performance Period” shall be January 1, 2009 to December 31, 2009.
          (b) Performance Share Grant. Pursuant to Section IX of the Plan and
subject to Paragraph 6 of this Agreement, the Company hereby grants to the
Executive, as of the date hereof, an award of Performance Shares that may be
earned based on the financial performance of the Company during the Performance
Period, subject to the restrictions and conditions set forth in this Agreement
(“Performance Share Grant”). The Committee has established Performance Goals
such that if the Company achieves a net debt to EBITDA coverage ratio for the
Performance Period of 2.00, or less, the Executive will be issued Performance
Shares in accordance with the following chart:

                      Coverage Ratio     Performance Level   (Net Debt/EBITDA)  
Share Award
• Not achieved
    > 2.00       0  
• Achieved
    ³ 2.00          

          The number of shares appearing under the heading “Share Award” shall
constitute the number of Performance Shares which may be earned by the Executive
based upon achievement of that specific Performance Goal as established by the
Committee based on a net
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debt to EBITDA coverage ratio of 2.00, or less, as of December 31, 2009. In the
event the Company’s actual net debit to EBITDA coverage ratio exceeds 2.00, no
Performance Shares will be earned.
          At the end of the Performance Period, the Committee shall determine
the Performance Goal achieved and the number of Performance Shares, if any,
earned by the Executive. The Performance Shares earned by the Executive, if any,
shall then be subject to restrictions until the date on which the Committee
meets in February 2012.
          Except as provided under Paragraph 5 of this Agreement, restrictions
shall lapse on any Performance Shares earned by the Executive during the
Performance Period on the date the Committee meets in February 2012, provided
the Executive is actively employed on that date. Except for shares withheld by
the Company as provided in Paragraph 4, the Company shall then cause its parent,
Cooper Industries, Ltd., to issue a stock certificate or book entry shares in
the Executive’s name for the number of shares of Common Stock equal to the
Performance Shares earned by the Executive upon lapse of the forfeiture
restrictions set forth in Paragraph 3(a). The Company shall then provide stock
certificate or book-entry shares to the Executive on or before March 15, 2012.
     2. Dividends. Upon distribution of earned Performance Shares to Executive,
the Company shall pay to the Executive in cash an amount equal to the aggregate
amount of cash dividends that the Executive would have received had the
Executive been the owner of record of all such earned Performance Shares,
including shares withheld as provided under Paragraph 4, if any, from the
effective date of this Agreement to the date of distribution.
     3. Restrictions and Limitations. The Executive hereby accepts the
Performance Share Grant and agrees to the following restrictions and conditions.
          (a) Forfeiture. Except as provided in (b) below, if the Executive’s
active employment with the Company terminates for any reason prior to the
effective date upon which the Committee determines the number of Performance
Shares, if any, earned by the Executive,
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all earned and unearned Performance Shares granted under this Agreement shall be
forfeited by the Executive and this Performance Share Grant shall be null and
void.
          (b) Termination Upon Death or Disability.
     (i) In the event of the Executive’s death or permanent and total disability
under Cooper’s Group Long-Term Disability Benefit Plan (or such other disability
program or plan in which the Executive participates) on or before December 31,
2009, the Executive or his heirs or beneficiaries shall receive one-third (1/3)
of the Performance Shares which would have been earned by the Executive under
this Agreement had he or she remained actively employed throughout the
Performance Period.
     (ii) In the event of the Executive’s death or permanent and total
disability under Cooper’s Group Long-Term Disability Benefit Plan (or such other
disability program or plan in which the Executive participates) after
December 31, 2009 and prior to the date the Committee meets in February 2012
(the “Restriction Period”), the Executive or his heirs or beneficiaries shall
receive a pro-rata share of the Performance Shares which would have been earned
by the Executive under this Agreement had he or she remained actively employed
throughout the Performance and Restriction Periods. In determining the pro-rata
Performance Shares for which the Executive or his heirs or beneficiaries may be
eligible, the Company will multiply the total Performance Shares earned during
the Performance Period by a fraction the numerator of which is the months in the
Performance and Restriction Periods during which Executive was actively employed
and the denominator is thirty-six (36).
     (iii) Any Performance Shares earned and awarded under this Paragraph 3(b)
shall be approved by the Committee and distributed after the end of the
Performance and Restriction Periods and on or before March 15, 2012.
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          (c) Limitations on Transferability. The Executive shall not sell,
exchange, transfer, pledge, hypothecate or otherwise dispose of this Performance
Share Grant prior to the conclusion of the Performance and Restriction Periods
and distribution of earned Performance Shares in accordance with Paragraph 1 of
this Agreement.
     4. Tax. Upon the issuance of Common Shares to the Executive for Performance
Shares earned under this Agreement, the Executive shall pay the Company any
taxes required to be withheld by reason of the receipt of compensation resulting
from the issuance of such Common Shares. In lieu thereof, the Company shall have
the right to retain, or the Executive may direct the Company to retain, a
sufficient number of Common Shares to satisfy the Company’s withholding
obligations, provided the value of the Common Shares used to satisfy the
withholding obligations does not exceed the minimum required tax withholding for
the transaction. The value of any Common Shares used to satisfy the tax
withholding requirement shall be determined by the closing price of the Common
Shares on the New York Stock Exchange on the date the restrictions lapse (or if
shares are not traded on the Exchange on such date, then on the immediately
preceding trading date).
     5. Change in Control. In the event of a Change in Control, the Performance
Share Grant shall be deemed earned at the Achieved level, all restrictions on
those Performance Shares shall immediately lapse and distribution of the
Achieved level of Performance Shares shall be governed by the terms of the Plan.
     6. Consideration. The parties agree that the consideration for any issuance
of Common Shares for Performance Shares earned hereunder shall be past services
by the Executive having a value not less than the par value of such Common
Shares.
     7. Plan Incorporated. In order to be a participant in the Plan, the
participant shall execute the Executive Employment Agreement (the “Agreement”),
incorporated herein by reference, in which the participant agrees to the terms
and conditions set forth in the Agreement. Participant’s failure to execute the
Agreement for any reason will render the participant ineligible to participate
in the Plan. The Executive acknowledges receipt of a copy of the Plan,
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which is incorporated by reference into this Agreement. The Executive agrees
that this Award shall be subject to all of the terms and provisions of the Plan.
     8. Binding Effect. This Agreement shall be binding upon and inure to the
benefit of any successors to the Company and all persons lawfully claiming under
the Executive.
     IN WITNESS WHEREOF, the Company has caused this Agreement to be duly
executed by an officer thereunto duly authorized, and the Executive has executed
this Agreement, all as of the date first above written.

         
 
  COOPER US, INC.    
 
       
 
 
 
John W. Sparrow    
 
  Vice President, Compensation & Benefits    
 
       
 
  EXECUTIVE    
 
       
 
 
 
Name    
 
  Title
Division    

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