Exhibit 10.1

 

VOTING AGREEMENT

 

VOTING AGREEMENT (this “Agreement”), dated as of February 1, 2006 between
Emerson Electric Co., a Missouri corporation (“Parent”), and             
(“Stockholder”).

 

WHEREAS, in order to induce Parent and Atlanta Acquisition Sub, Inc. (“Merger
Sub”) to enter into an Agreement and Plan of Merger, dated as of the date hereof
(the “Merger Agreement”), with Artesyn Technologies, Inc., a Florida corporation
(the “Company”), Parent has requested Stockholder, and Stockholder has agreed,
to enter into this Agreement with respect to all shares of common stock, par
value $0.01 per share, of the Company that Stockholder beneficially owns (the
“Shares”).

 

NOW, THEREFORE, the parties hereto agree as follows:

 

ARTICLE 1

GRANT OF PROXY; VOTING AGREEMENT

 

Section 1.01. Voting Agreement. Prior to the earliest to occur of (i) the
Effective Time and (ii) termination of the Merger Agreement (the “Expiration
Date”), Stockholder shall vote (or cause to be voted) or exercise (or cause to
be exercised) its right to consent with respect to all Shares that Stockholder
is entitled to vote at the time of any vote or action by written consent to
approve and adopt the Merger Agreement and the Merger at any meeting of the
stockholders of the Company (and at any adjournment thereof) or pursuant to
actions by written consent at which such Merger Agreement (or any amended
version thereof) and Merger are submitted for the consideration and vote of the
stockholders of the Company. Stockholder hereby agrees that, prior to the
Expiration Date, it will not vote any Shares in favor of, or consent to, and
will vote (or cause to be voted) such Shares against and not consent to, the
approval of any (i) Acquisition Proposal, (ii) reorganization, recapitalization,
liquidation or winding-up of the Company or any other extraordinary transaction
involving the Company or (iii) corporate action the consummation of which would
frustrate the purposes, or prevent or delay the consummation of the transactions
contemplated by the Merger Agreement.

 

Section 1.02. Proxy. Stockholder hereby revokes any and all previous proxies
granted with respect to the Shares. By entering into this Agreement, Stockholder
hereby grants a proxy appointing Parent as Stockholder’s attorney-in-fact and
proxy, with full power of substitution, for and in Stockholder’s name, to vote,
express consent or dissent, or otherwise to utilize such voting power in the
manner contemplated by Section 1.01 above as Parent or its proxy or substitute
shall, in Parent’s sole discretion, deem proper with respect to the Shares. The

 

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proxy granted by Stockholder pursuant to this Article 1 is granted in
consideration of Parent entering into this Agreement and the Merger Agreement
and incurring certain related fees and expenses. The proxy granted by
Stockholder shall be irrevocable prior to the Expiration Date and shall
terminate upon the Expiration Date.

 

ARTICLE 2

REPRESENTATIONS AND WARRANTIES OF STOCKHOLDER

 

Stockholder represents and warrants to Parent that:

 

Section 2.01. Authorization. Stockholder has duly executed and delivered this
Agreement and the execution, delivery and performance by Stockholder of this
Agreement are within the powers and legal capacity of Stockholder and have been
duly authorized by all necessary action. This Agreement is a valid and binding
agreement of Stockholder. If Stockholder is married and the Shares set forth on
Appendix A constitute community property under applicable laws, this Agreement
has been duly authorized, executed and delivered by, and constitutes the valid
and binding agreement of, Stockholder’s spouse. If this Agreement is being
executed in a representative or fiduciary capacity, the Person signing this
Agreement has full power and authority to enter into and perform this Agreement.

 

Section 2.02. Non-Contravention. The execution, delivery and performance by
Stockholder of this Agreement do not and will not (i) if Stockholder is not a
natural person, violate the organizational documents of Stockholder,
(ii) violate any applicable law, rule, regulation, judgment, injunction, order
or decree or (iii) require any consent or other action by any Person under,
constitute a default under, or give rise to any right of termination,
cancellation or acceleration or to a loss of any benefit to which Stockholder is
entitled under any provision of any agreement or other instrument binding on
Stockholder.

 

Section 2.03. Ownership of Shares. Stockholder is the beneficial owner and has
the power to direct the voting of the Shares, free and clear of any limitation
or restriction on the right to vote the Shares. None of the Shares is subject to
any voting trust or other agreement or arrangement with respect to the voting of
such Shares.

 

Section 2.04. Total Shares. Except for the Shares and the options to acquire
Shares set forth on Appendix A, neither the Stockholder nor any of its
Affiliates or “associates” (as such term is defined under Rule 12b-2 of the
Exchange Act) beneficially owns any (i) shares of capital stock or voting
securities of the Company, (ii) securities of the Company convertible into or
exchangeable for shares of capital stock or voting securities of the Company or
(iii) options or other rights to acquire from the Company any capital stock,
voting securities or securities convertible into or exchangeable for capital
stock or voting securities of the Company.

 

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ARTICLE 3

REPRESENTATIONS AND WARRANTIES OF PARENT

 

Parent represents and warrants to Stockholder:

 

Section 3.01. Corporate Authorization. The execution, delivery and performance
by Parent of this Agreement are within the corporate powers of Parent and have
been duly authorized by all necessary corporate action. This Agreement
constitutes a valid and binding agreement of Parent.

 

ARTICLE 4

COVENANTS OF STOCKHOLDER

 

Stockholder hereby covenants and agrees that:

 

Section 4.01. No Proxies for or Encumbrances on Shares. Prior to the Expiration
Date, except pursuant to the terms of this Agreement, at the Effective Time in
accordance with the terms of the Merger Agreement, or as may be required by
court order or by operation of law, Stockholder shall not, without the prior
written consent of Parent, directly or indirectly, (i) grant any proxies or
enter into any voting trust or other agreement or arrangement with respect to
the voting of any Shares or (ii) sell, assign, transfer, encumber or otherwise
dispose of, or enter into any contract, option or other arrangement or
understanding with respect to the direct or indirect sale, assignment, transfer,
encumbrance or other disposition of, any Shares unless the transferee of such
Shares agrees in writing to be bound by the terms hereof.

 

ARTICLE 5

MISCELLANEOUS

 

Section 5.01. Further Assurances. Parent and Stockholder will each use its
reasonable efforts to execute and deliver, or cause to be executed and
delivered, all further documents and instruments and use its reasonable efforts
to take, or cause to be taken, all actions and to do, or cause to be done, all
things reasonably necessary under applicable laws and regulations, to consummate
and make effective the transactions contemplated by this Agreement.

 

Section 5.02. Amendments. Any provision of this Agreement may be amended or
waived if, but only if, such amendment or waiver is in writing and is signed, in
the case of an amendment, by each party to this Agreement or in the case of a
waiver, by the party against whom the waiver is to be effective.

 

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Section 5.03. Survival; Termination. All representations, warranties, covenants
and agreements made by the parties hereto shall survive until the Expiration
Date, at which time this Agreement shall be of no further force or effect,
except that each party shall remain liable with respect to breaches of this
Agreement occurring prior to the Expiration Date.

 

Section 5.04. Successors and Assigns. The provisions of this Agreement shall be
binding upon and inure to the benefit of the parties hereto and their respective
successors and assigns; provided that no party may assign, delegate or otherwise
transfer any of its rights or obligations under this Agreement without the
consent of the other parties hereto, except that Parent may transfer or assign
its rights and obligations to any Affiliate of Parent.

 

Section 5.05. Governing Law. This Agreement shall be construed in accordance
with and governed by the laws of the State of New York, applicable to contracts
entered into and fully performable within such State.

 

Section 5.06. Counterparts; Effectiveness. This Agreement may be signed in any
number of counterparts, each of which shall be an original, with the same effect
as if the signatures thereto and hereto were upon the same instrument. This
Agreement shall become effective when each party hereto shall have received
counterparts hereof signed by the other party hereto.

 

Section 5.07. Severability. If any term, provision or covenant of this Agreement
is held by a court of competent jurisdiction or other authority to be invalid,
void or unenforceable, the remainder of the terms, provisions and covenants of
this Agreement shall remain in full force and effect and shall in no way be
affected, impaired or invalidated.

 

Section 5.08. Specific Performance. The parties hereto agree that Parent and
Merger Sub would suffer irreparable damage in the event any provision of this
Agreement is not performed in accordance with the terms hereof and that the
parties shall be entitled to specific performance of the terms hereof in
addition to any other remedy to which they are entitled at law or in equity.

 

Section 5.09. Capitalized Terms; Beneficial Ownership. Capitalized terms used
but not defined herein shall have the respective meanings set forth in the
Merger Agreement. For purposes of this Agreement, “beneficial ownership” shall
be determined in accordance with Rule 13d-3 under the Securities Exchange Act of
1934, as amended.

 

Section 5.10. Notices. All notices, requests, claims, demands and other
communications under this Agreement shall be in writing and shall be deemed

 

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given if delivered personally or sent by overnight courier (providing proof of
delivery) to the parties at the following addresses (or at such other address
for a party as shall be specified by like notice): (i) if to Parent, to the
address for notice thereto set forth in the Merger Agreement and (ii) if to
Stockholder, to the address set forth on signature pagers hereto.

 

Section 5.11. Stockholder Capacity. Notwithstanding anything else contained
herein, no person executing this Agreement who is or becomes during the term
hereof a director or officer of the Company makes any agreement or understanding
herein in his capacity as such director or officer. Stockholder signs solely in
his capacity as the beneficial owner of Stockholder’s Shares and nothing in this
Agreement shall limit or affect or apply to any actions, judgments or decisions
made or taken by Stockholder in his capacity as an officer or director of the
Company.

 

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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly
executed as of the day and year first above written.

 

EMERSON ELECTRIC CO.

By:

 

 

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Name:

   

Title:

   

By:

 

 

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Name:

   

Title:

   

Address for Notices:

 

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Appendix A

 

Class of Security

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   Number Owned

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Common Stock

    

Company Options

    

 

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