Document:

employmentagreement.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

Exhibit 10.1

EMPLOYMENT AGREEMENT

                    AGREEMENT by and between Motorola, Inc. (“Motorola”), and Sanjay K. Jha (the “Executive”), dated as of the 4th day of August 2008 (the “Effective Date”).

                    WHEREAS, the Board of Directors of Motorola (the “Motorola Board”) has determined that it is in the best interests of Motorola and its stockholders to employ the Executive as the Co-Chief Executive Officer of Motorola and the Chief Executive Officer of Motorola’s Mobile Devices Business (“MDB”);

                    WHEREAS, Motorola has announced a plan to create two independent publicly traded companies, one of which would consist of MDB (the “Separation Event”);

                    WHEREAS, it is possible that a different transaction could occur involving a sale, joint venture or other disposition of MDB as a result of which (a) MDB is not a separate publicly traded company and (b) is not at least 50% owned or controlled by Motorola or one of its subsidiaries (“Other Transaction Event”);

                    WHEREAS, for purposes of this Agreement, (a) prior to the Separation Event or an Other Transaction Event, all references to the “Company” shall mean Motorola, (b) from and after the Separation Event, all references to the “Company” shall mean the publicly traded corporation (“MDB Public”) that then owns or controls MDB, whether it is the spun-off entity or the surviving entity, and (c) from and after any Other Transaction Event, all references to the “Company” shall mean the ultimate parent entity (“MDB Other”) of the corporation or other legal entity that then owns or controls MDB;

                    WHEREAS, the Company desires to employ the Executive and to enter into an agreement embodying the terms of such employment; and

                    WHEREAS, the Executive desires to enter into this Agreement and to accept such employment, subject to the terms and provisions of this Agreement;

                    NOW, THEREFORE, in consideration of the premises and mutual covenants contained herein and for other good and valuable consideration, the receipt of which is mutually acknowledged, the Company and the Executive (individually a “Party” and together the “Parties”) agree as follows:

                    1.          Effective Date; Commencement Date. This Agreement shall be effective as of the Effective Date. “Commencement Date” shall mean the date the Executive commences employment with the Company which shall not be later than August 4, 2008.

                    2.           Employment Period. The Company hereby agrees to employ the Executive, and the Executive hereby agrees to be employed by the Company, subject to the terms and conditions of this Agreement, for the period commencing on the Commencement Date and ending on the third anniversary thereof (the “Initial Term”); provided that, on the third anniversary and each anniversary of the Commencement Date thereafter, the employment period shall be extended by one year unless at least sixty (60) days prior to such anniversary, the Company or the Executive delivers a written notice (a “Notice of Non-Renewal”) to the other Party that the employment period shall not be extended (the Initial Term as so extended, the “Employment Period”).

                    3.           Terms of Employment.  (a) Position and Duties.

                                  (i)     During the Employment Period and prior to the occurrence of the Separation Event or any Other Transaction Event (the “Motorola Service Period”): (A) the Executive shall serve as the Chief Executive Officer of MDB and the Co-Chief Executive Officer of Motorola in the Office of the Chief Executive Officer (the “OC”), with such duties, responsibilities and authority as are commensurate with such positions, reporting directly to the Motorola Board, (B) (1) Motorola’s General Counsel, (2) Motorola’s Chief Financial Officer, (3) the head of Motorola’s Supply Chain, (4) the head of Motorola’s Public Affairs/Communications Department and (5) the head of Motorola’s Human Resources Department (clauses (1) through (5), the “Dual Reporting Group”) shall report directly to the OC; provided, however, that (x) employees of MDB shall have direct line reporting relationships to the Executive or his designees (including any applicable member of the Dual Reporting Group) and (y) employees of Motorola’s business segments other than MDB shall have direct line reporting relationships to Motorola’s other Co-Chief Executive Officer or his designees (including any applicable member of the Dual Reporting Group) (items (x) and (y), together, the “Reporting Rules”), (C) Motorola shall cause the Executive to be elected to the Motorola Board as of the Commencement Date, and thereafter, subject to Section 4(g), the Executive shall be nominated by Motorola to remain on the Motorola Board, (D) Executive shall devote substantially all of his business time, energies and talents to serving as Motorola’s Co-Chief Executive Officer and MDB’s Chief Executive Officer, perform his duties subject to the lawful directions of the Motorola Board, and in accordance with Motorola’s corporate governance and ethics guidelines, conflict of interests policies, code of conduct and other written policies (collectively, the “Motorola Policies”), (E) the Motorola Board (or such committee of the Motorola Board as the Motorola Board shall duly designate) shall resolve any disagreement between Executive and Motorola’s other Co-Chief Executive Officer, (F) in the event that Executive becomes the sole Chief Executive Officer of Motorola, (1) he shall continue to report directly to the Motorola Board, with such duties, responsibilities and authority as are commensurate with such position, (2) the Reporting Rules shall cease to apply, and (3) he shall devote substantially all of his business time, energies and talents to serving as Motorola’s Chief Executive Officer and shall perform his duties in accordance with the Motorola Policies and (G) in the event that the Separation Event or an Other Transaction Event does not occur on or prior to December 31, 2010, unless the Parties agree otherwise in writing, (1) Executive’s employment with the Company shall terminate, (2) such termination shall be treated as a termination without Cause and (3) the other Co-Chief Executive Officer shall become the sole Chief Executive Officer. 

                                  (ii)     During the Employment Period and following the Separation Event (the “MDB Public Service Period”), the Executive shall serve as the Chief Executive Officer of MDB Public, with such duties, responsibilities and authority as are commensurate with the position of chief executive officer of a company similar to the size and type of MDB Public (as it may evolve over time), reporting directly to the Board of Directors of MDB Public (the “MDB Public Board”). During the MDB Public Service Period, subject to applicable law and regulation, (A) the Executive shall be appointed to the MDB Public Board simultaneously with the appointment of “outside directors” to the MDB Public Board, and (B) thereafter during the MDB Public Service Period, subject to Section 4(g), the Executive shall be nominated by MDB Public to remain on the MDB Public Board. During the MDB Public Service Period, Executive shall devote substantially all of his business time, energies and talents to serving as MDB Public’s Chief Executive Officer and perform his duties subject to the lawful directions of the MDB Public Board and in accordance with MDB Public’s corporate governance and ethics guidelines, conflict of interests policies, code of conduct and other written policies (collectively, the “MDB Public Policies”). 

-2- 

                                  (iii)     During the Employment Period and following an Other Transaction Event (the “MDB Other Service Period”), the Executive shall serve as the Chief Executive Officer of MDB Other, with such duties, responsibilities and authority as are commensurate with the position of chief executive officer of a company similar to the size and type of MDB Other (as it may evolve over time), reporting directly to the Board of Directors of MDB Other (the “MDB Other Board”). In addition, during the MDB Other Service Period, (A) MDB Other shall cause the Executive to be elected to the MDB Other Board as soon as reasonably practicable following the completion of an Other Transaction Event, and (B) thereafter during the MDB Other Service Period, subject to Section 4(g), the Executive shall be nominated by MDB Other to remain on the MDB Other Board, and shall perform his duties as a director of MDB Other. During the MDB Other Service Period, Executive shall devote substantially all of his business time, energies and talents to serving as MDB Other’s Chief Executive Officer and perform his duties subject to the lawful directions of the MDB Other Board and in accordance with MDB Other’s corporate governance and ethics guidelines, conflict of interests policies, code of conduct and other written policies (collectively, the “MDB Other Policies”).

                                  (iv)     The Executive’s principal location of employment shall be at the principal headquarters of MDB; provided, that the Executive may be required under reasonable business circumstances to travel outside of such location in connection with performing his duties under this Agreement.

                                  (v)     During the Employment Period, it shall not be a violation of this Agreement for the Executive, subject to the requirements of Section 7, to (A) serve on civic or charitable boards or committees and, with the consent of the Company Board (as defined below) (such consent not to be unreasonably withheld or denied), no more than one corporate board unrelated to the Company, (B) deliver lectures or fulfill speaking engagements and (C) manage personal investments, so long as such activities (individually or in the aggregate) do not significantly interfere with the performance of the Executive’s responsibilities as set forth in this Section 3(a) or the Executive’s fiduciary duties to the Company. For purposes of this Agreement, “Company Board” shall mean (x) the Motorola Board prior to the occurrence of the Separation Event or an Other Transaction Event, (y) the MDB Public Board on and after the occurrence of the Separation Event and (z) the MDB Other Board on and after the occurrence of an Other Transaction Event. 

                    (b) Compensation. 

                                  (i)     Base Salary. During the Employment Period, the Executive shall receive an annualized base salary (“Annual Base Salary”) of not less than $1,200,000, payable pursuant to the Company’s normal payroll practices. During the Employment Period, the current Annual Base Salary shall be reviewed for increase only at such time as the salaries of senior officers of the Company are reviewed generally; provided that the Executive’s first such review shall occur no earlier than calendar year 2009. 

                                  (ii)     Annual Bonus. For each fiscal year completed during the Employment Period, the Executive shall be eligible to receive an annual cash bonus (“Annual Bonus”) based upon performance targets that are established by the Company Committee (as defined below); provided, however, that the Executive’s target Annual Bonus (the “Target Bonus”) shall be not less than 200% of his Annual Base Salary, subject to pro ration for any partial year; provided, further, however, that with respect to fiscal year 2008, Executive’s Annual Bonus shall be $2,400,000 and shall not be subject to pro ration and with respect to fiscal year 2009, Executive shall be entitled to a minimum Annual Bonus of $1,200,000. To the extent earned and payable, the Annual Bonus shall be paid in the 

-3- 

calendar year following the calendar year in which such bonus is earned. For purposes of this Agreement, “Company Committee” shall mean (x) the Compensation and Leadership Committee of the Motorola Board prior to the occurrence of the Separation Event or an Other Transaction Event, (y) the Compensation and Leadership Committee (or committee performing similar functions) of the MDB Public Board on and after the occurrence of the Separation Event and (z) the Compensation and Leadership Committee (or committee performing similar functions) of the MDB Other Board on and after the occurrence of an Other Transaction Event.

     (iii) Equity Awards. 

     (A) Generally. As determined by the Company Committee, the Executive shall be eligible for grants of equity compensation awards under the Company’s long term incentive compensation arrangements in accordance with the Company’s policies, as in effect from time to time at levels commensurate with other senior executives of the Company (with due regard for his position); provided, however, that the Company shall have no obligation to grant any additional equity compensation awards under this Agreement (other than the awards specifically contemplated by this Agreement) until at least twelve months following the Separation Event. 

     (B) Make-Whole Restricted Stock Units. On the Commencement Date, the Executive shall be granted an award of 2,304,653 restricted stock units corresponding to shares of common stock of Motorola (the “Motorola Common Stock”) (the “Make-Whole Restricted Stock Units”). The Make-Whole Restricted Stock Units shall vest in equal annual installments on July 31, 2009, July 31, 2010 and July 31, 2011, subject, in each case, to Executive’s continued employment with the Company through the applicable vesting date. Except as specifically provided herein, the terms and conditions of the Make-Whole Restricted Stock Units shall be subject to the terms of Motorola’s Omnibus Incentive Plan of 2006 (the “Motorola Omnibus Plan”) and the award agreement evidencing the grant of the Make-Whole Restricted Stock Units, a copy of the form of which is attached as Exhibit A to this Agreement. 

     (C) Make-Whole Stock Option. On the Commencement Date, the Executive shall be granted an option (the “Make-Whole Stock Option”) to purchase 10,211,226 shares of Motorola Common Stock. The Make-Whole Stock Option shall have a per share exercise price equal to the closing price of a share of Motorola Common Stock on the date of grant as reported for the New York Stock Exchange-Composite Transactions in the Wall Street Journal at www.online.wsj.com (the “Fair Market Value”), a ten-year term and a vesting schedule such that the Make-Whole Stock Option will become exercisable in equal annual installments on July 31, 2009, July 31, 2010 and July 31, 2011; provided that the Executive remains in the employ of the Company through each such vesting date. Except as specifically provided herein, the terms and conditions of the Make-Whole Stock Option shall be subject to the terms of the Motorola Omnibus Plan, the award agreement evidencing the grant of the Make-Whole Stock Option, a copy of the form of which is attached as Exhibit B to this Agreement and the related stock option consideration agreement, a copy of the form of which is attached as Exhibit C to this Agreement. 

     (D) Inducement Restricted Stock Units. On the Commencement Date, the Executive shall be granted an award of 1,362,769 restricted stock units corresponding to shares of Motorola Common Stock (the “Inducement Restricted 

-4- 

Stock Units”). The Inducement Restricted Stock Units shall vest in equal annual installments on July 31, 2009, July 31, 2010 and July 31, 2011, subject to Executive’s continued employment with the Company through each such vesting date. Except as specifically provided herein, the terms and conditions of the Inducement Restricted Stock Units shall be subject to the terms of the Motorola Omnibus Plan and the award agreement evidencing the grant of the Inducement Restricted Stock Units, a copy of the form of which is attached as Exhibit A to this Agreement. 

     (E) Inducement Stock Option. On the Commencement Date, the Executive shall be granted an option (the “Inducement Stock Option”) to purchase 6,383,658 shares of Motorola Common Stock. The Inducement Stock Option shall have a per share exercise price equal to the Fair Market Value, a ten-year term and a vesting schedule such that the Inducement Stock Option shall become exercisable in equal annual installments on July 31, 2009, July 31, 2010 and July 31, 2011; provided that the Executive remains in the employ of the Company through each such vesting date. Except as specifically provided herein, the terms and conditions of the Inducement Stock Option shall be subject to the terms of the Motorola Omnibus Plan, the award agreement evidencing the grant of the Inducement Stock Option, a copy of the form of which is attached as Exhibit B to this Agreement and the related stock option consideration agreement, a copy of the form of which is attached as Exhibit C to this Agreement. 

     (F) Registration. With respect to equity grants under this Agreement made pursuant to the New York Stock Exchange inducement grant exception, the Company will use its commercially reasonable best efforts to register all shares covered by such grants as soon as administratively practicable following the applicable grant date.

     (G) Equity Treatment in the Event of the Separation Event. Upon the occurrence of the Separation Event, all of Executive’s outstanding equity awards that relate to Motorola Common Stock will be adjusted to take into account the Separation Event such that following the Separation Event such awards relate solely to shares of common stock of MDB Public (“MDB Public Common Stock”), such adjustment to be made based on the methodology determined by the Motorola Board in accordance with the terms of the Motorola Omnibus Plan and applicable legal requirements, including compliance with Section 409A of the Internal Code of 1986, as amended (the “Code”) and the regulations thereunder (“Section 409A”); it being understood that if equity awards that relate to Motorola Common Stock held by other MDB executive officers are generally adjusted into awards that relate solely to MDB Public Common Stock, the adjustment methodology applicable to Executive shall be no less favorable than the adjustment methodology applicable to such other MDB executive officers; provided that such requirement shall apply solely with respect to the applicable type of equity (e.g., options or restricted stock units) with respect to which any such adjustment methodology applies. 

     (H) Certain Change of Control Transactions. In the event of a Change of Control of Motorola or an Other Transaction Event (subject to the limitation that Executive’s Motorola stock options shall not (without Executive’s consent) be “cashed out” in connection with an Other Transaction Event occurring prior to October 31, 2010), if Executive’s Motorola equity awards are not “cashed out” in connection with such transaction or are not converted into (or remain) awards with respect to shares that are traded on a national or international securities

-5-

exchange, then, subject to consummation of such transaction: (1) each of Executive’s outstanding vested (and unexercised) and unvested Motorola stock options shall be cancelled in consideration of a lump-sum payment (less applicable withholdings) equal to the product of (x) the difference, if any, between the closing price of a share of Motorola Common Stock on the last trading day prior to the completion of such transaction (as reported for the New York Stock Exchange-Composite Transactions in the Wall Street Journal at www.online.wsj.com), and the per share exercise price of such Motorola stock option, and (y) the number of shares of Motorola Common Stock subject to such stock option, such payment to be made as soon as reasonably practicable (but in no event more than ten (10) days) following completion of such transaction; provided, however, that if an Other Transaction Event occurs prior to October 31, 2010, Executive’s unvested Motorola stock options shall immediately vest and thereafter Executive’s vested Motorola stock options shall remain outstanding and exercisable for two years following the Other Transaction Event (and thereafter shall be forfeited), notwithstanding any termination of Executive’s employment hereunder upon or following such Other Transaction Event, and (2) each of Executive’s Motorola restricted stock units shall be converted into the right to receive a cash payment (subject to the immediately following sentence), less applicable withholdings, equal to the closing price of a share of Motorola Common Stock on the last trading day prior to the completion of such transaction (as reported for the New York Stock Exchange-Composite Transactions in the Wall Street Journal at www.online.wsj.com) (each, an “RSU Cash-Out Payment”), it being understood that in no event shall Executive’s Motorola restricted stock units be “cashed out” in connection with a Change of Control of Motorola or an Other Transaction Event unless such Change of Control of Motorola or Other Transaction Event constitutes a “change in control event” within the meaning of Section 409A for the Executive and such cash-out is permitted under Section 409A. The RSU Cash-Out Payment will vest and be paid out in installments on the same vesting dates that applied to each Motorola restricted stock unit underlying the RSU Cash-Out Payment immediately prior to the Change of Control of Motorola or Other Transaction Event, subject to the Executive’s continued employment through the applicable vesting dates and other applicable terms and conditions, including but not limited to those relating to Executive’s termination of employment with the Company. Each RSU Cash-Out Payment shall bear interest from the date of the Change of Control of Motorola or Other Transaction Event until the date of payment at a rate equal to the average of the applicable federal rate provided for in Section 7872(f)(2)(A) of the Code and the prime rate as published in the Wall Street Journal (the “Blended Rate”), each such rate as in effect on the last business day prior to completion of the Change of Control of Motorola or Other Transaction Event. 

     (I) MDB Public Stock Option. If Executive has not become entitled to the Additional Payment (as defined below), subject to (1) the occurrence of the Separation Event and (2) Executive’s employment with MDB Public on the date of the occurrence of the Separation Event, as soon as reasonably practicable following the occurrence of the Separation Event, MDB Public will grant to the Executive an option (the “MDB Public Stock Option”) to purchase a number of shares of MDB Public Common Stock (rounded to the nearest whole share) calculated in accordance with Exhibit D. The MDB Public Stock Option shall have a per share exercise price equal to the closing price of a share of MDB Public Common Stock on the date of grant as reported for the New York Stock Exchange-Composite Transactions in the Wall Street Journal at www.online.wsj.com, a ten-year term and a vesting schedule such that the MDB Stock Option will become exercisable as set forth below; provided that the Executive remains in the employ of the Company through each such vesting date: 

-6-

	  	Percentage of MDB Public  
	Vesting Date  	Stock Option that Vests  
	

	
	The later to occur of (x) the

Milestone Date and (y) the one year anniversary of the grant date.	33 1/3%

(rounded to the nearest whole share)
	

	
	The later to occur of (x) the

Milestone Date and (y) the two year anniversary of the grant date.	33 1/3%

(rounded to the nearest whole share)
		

	
The later to occur of (x) the Milestone Date and (y) the three year 

anniversary of the grant date.

	
Remainder

For purposes of this Agreement, “Milestone Date” shall mean the date on which the average closing price of MDB Public Common Stock for any fifteen consecutive trading days is 110% or greater than the average closing price of MDB Public Common Stock for the first fifteen trading days following the Separation Event (including the closing price of MDB Public Common Stock on the date of the Separation Event if the stock trades on that date). Except as specifically provided herein, the terms and conditions of the MDB Public Stock Option shall be subject to the terms of MDB Public’s equity plan and the award agreement evidencing the grant of the MDB Public Stock Option; provided that the terms of the MDB Public Stock Option to the extent not otherwise specifically provided for in this Agreement shall be no less favorable to Executive than the terms applicable to the Make-Whole Stock Option (other than with respect to “clawback” and “recoupment” provisions which the MDB Public Stock Option shall be subject to on a basis no less favorable to Executive than the provisions set forth in Sections 2 and 3 of the stock option consideration agreement, a copy of the form of which is attached as Exhibit C to this Agreement). Executive acknowledges that (1) he shall not be entitled to the grant of the MDB Public Stock Option unless and until the Separation Event occurs and subject to Executive’s employment with MDB Public on the date of the occurrence of the Separation Event and (2) he shall not be entitled to the grant of the MDB Public Stock Option if he has become entitled to the Additional Payment. For purposes of this paragraph (I), closing prices of MDB Public Common Stock will be as reported for the New York Stock Exchange-Composite Transactions in the Wall Street Journal at www.online.wsj.com. 

     (J) MDB Public Restricted Shares. If Executive has not become entitled to the Additional Payment, subject to (1) the occurrence of the Separation Event and (2) Executive’s employment with MDB Public on the date of the occurrence of the Separation Event, as soon as reasonably practicable following the occurrence of the Separation Event, MDB Public will grant to the Executive a number of shares of restricted MDB Public Common Stock (the “MDB Public Restricted Shares”) calculated in accordance with Exhibit E. The MDB Public Restricted Shares will become exercisable as set forth below; provided that the Executive remains in the employ of the Company through each such vesting date: 

-7- 

	  	Percentage of MDB Public  
	Vesting Date  	Restricted Shares that Vest  
	

	
	
The later to occur of (x) the

Milestone Date and (y) the one year anniversary of the grant date.

	
33 1/3%

(rounded to the nearest whole share)

		

	
The later to occur of (x) the

Milestone Date and (y) the two year anniversary of the grant date.

	
33 1/3%

(rounded to the nearest whole share)

		

	
The later to occur of (x) the Milestone Date and (y) the three year anniversary of the grant date.

	
Remainder

	  

Except as specifically provided herein, the terms and conditions of the MDB Public Restricted Shares shall be subject to the terms of MDB Public’s equity plan and the award agreement evidencing the grant of the MDB Public Restricted Shares; provided that the terms of the MDB Public Restricted Shares to the extent not otherwise specifically provided for in this Agreement shall be no less favorable to Executive than the terms applicable to the Make-Whole Restricted Stock Units (other than with respect to “clawback” and “recoupment” provisions which the MDB Public Restricted Shares shall be subject to on a basis no less favorable to Executive than the provisions set forth in Sections 2(c) and (d) of the form of award agreement attached as Exhibit A to this Agreement), with appropriate adjustments to take into account the fact that the MDB Public Restricted Shares are restricted stock rather than restricted stock units. Executive acknowledges that (1) he shall not be entitled to the grant of the MDB Public Restricted Shares unless and until the Separation Event occurs and subject to Executive’s employment with MDB Public on the date of the occurrence of the Separation Event and (2) he shall not be entitled to the grant of the MDB Public Restricted Shares if he has become entitled to the Additional Payment. For purposes of this paragraph (J), closing prices of MDB Public Common Stock will be as reported for the New York Stock Exchange-Composite Transactions in the Wall Street Journal at www.online.wsj.com. 

     (iv) Other Benefits. During the Employment Period, the Executive shall be eligible for participation in the welfare, perquisites, fringe benefit, and other benefit plans, practices, policies and programs, as may be in effect from time to time, for senior executives of the Company generally; provided, that this Agreement alone shall govern Executive’s rights to severance payments or benefits to be received upon a termination of Executive’s employment. For the avoidance of doubt, notwithstanding anything to the contrary contained in this Agreement, Executive shall not participate in the Motorola, Inc. Senior Officer Change in Control Severance Plan, as amended from time to time, and Executive shall not participate in any Motorola Long-Range Incentive Plan.

     (v) Expenses. During the Employment Period, the Executive shall be eligible for prompt reimbursement of business expenses reasonably incurred by the Executive in accordance with the Company’s policies, as may be in effect from time to time, for its senior executives generally. All taxable payments and reimbursements related to business expenses paid pursuant to this Section 3(b)(v), shall be paid in accordance with Section 14(c) hereof. 

-8-

     (vi) Vacation. During the Employment Period, the Executive shall be eligible for paid vacation in accordance with the Company’s policies, as may be in effect from time to time, for its senior executives generally
but no less than four weeks per year. 

     (vii) Relocation. Executive shall maintain a residence in the greater Chicago, Illinois area following the Commencement Date, and thereafter, during the Employment Period.  In connection with the Executive’s commencement of employment with Motorola and the Executive’s relocation to Illinois from
California, Motorola will reimburse the Executive in accordance with Motorola’s relocation policy (without regard to the limitations contained therein with respect to reimbursable amounts thereunder) for all of the normal, customary and
documented relocation expenses the Executive incurs (including full tax gross-up so the Executive shall have no after-tax cost); provided, that Executive shall not be entitled to any loans available under Motorola’s relocation policy. Relocation expenses shall include without limitation temporary housing through the earlier of (A) the
date on which the Separation Event occurs and (B) October 31, 2010, and coverage for any loss on the sale of his current home in San Diego, California. Any tax gross-up payment pursuant to the immediately preceding sentence shall be made promptly,
but in any event no later than the end of the Executive’s taxable year next following the Executive’s taxable year in which the Executive remits the related taxes.

     (viii) Additional
Payment. Subject to Executive’s continued employment with the Company through October 31, 2010, if (A) the Separation Event has not occurred on or prior to October 31, 2010 or
(B) the Company consummates an Other Transaction Event on or prior to October 31, 2010, the Company shall pay to Executive $30 million (the “Additional
Payment”) on November 15, 2010, to the extent not theretofore paid. 

     (ix) The Company shall provide to
Executive use of the Company’s aircraft for security purposes for business and personal travel and Executive shall be entitled to a tax gross-up with respect to income tax (if any) attributable to the difference between (A) the imputed income
actually imputed to Executive as a result of such personal usage absent a qualifying security analysis and individualized security plan approved by the Company Board and (B) the imputed income that would have been imputed to Executive as a result of
such personal usage if the Company had in effect a qualifying security analysis and individualized security plan approved by the Company Board. Any tax gross-up payment pursuant to the immediately preceding sentence shall be made promptly, but in
any event no later than the end of the Executive’s taxable year next following the Executive’s taxable year in which the Executive remits the related taxes.

     (c) Other Entities. As used in this Agreement, the term “affiliate” shall include any entity controlled by, controlling, or under common control with the Company. The Executive agrees to serve, without
additional compensation, as an officer and director for each of the Company’s subsidiaries, partnerships, joint ventures, limited liability companies and other affiliates, so long as such service is covered by Sections 11 and 12 hereof
(collectively, the Company and such entities, the “Affiliated Group”), as determined by
the Company Board.

     4. Termination of
Employment. (a) Death or Disability. The
Executive’s employment shall terminate automatically upon the Executive’s death during the Employment Period. If the Company determines in good faith that the Disability of the Executive has occurred during the Employment Period (pursuant
to the definition of Disability set forth below), it may provide the Executive with written notice in accordance with Section 10(b) of this Agreement of its intention to terminate the Executive’s 

-9- 

employment. In such event, the Executive’s employment with the Company shall terminate effective on the 30th day after receipt of such notice by the Executive (the “Disability Effective Date”), provided that, within the 30-day period after such receipt, the Executive shall not have returned to full time performance of the Executive’s duties. For purposes of this Agreement, “Disability” shall mean the Executive having not performed his duties with the Company on a full-time basis for 180 consecutive or intermittent days in any one-year period as a result of incapacity due to mental or physical illness which is determined to be total and permanent by a licensed physician selected by the Company or its insurers and reasonably acceptable to the Executive or the Executive’s legal representative. If the Parties cannot agree on a licensed physician, each Party shall select a licensed physician and the two physicians shall select a third who shall be the approved licensed physician for this purpose. Notwithstanding the foregoing, in the event that as a result of absence because of mental or physical incapacity the Executive incurs a “separation from service” within the meaning of such term under Section 409A, the Executive shall on such date automatically be terminated from employment because of Disability. 

                    (b)     Cause. The Company may terminate the Executive’s employment during the Employment Period with or without Cause. For purposes of this Agreement, “Cause” shall mean: 

                                  (i)     the Executive’s willful and continued failure to substantially perform his duties under this Agreement, other than any such failure resulting from incapacity due to physical or mental illness, which failure has continued for a period of at least 30 days following delivery to the Executive of a written demand for substantial performance specifying the manner in which the Executive has willfully and continuously failed to substantially perform; 

                                  (ii)     the Executive’s willful engagement in any malfeasance, dishonesty, fraud or gross misconduct that is intended to or does result in a material detrimental effect on the Company’s reputation or business; 

                                  (iii)     the Executive’s indictment for, or plea of guilty or nolo contendere to a felony in the United States or outside the United States (excluding cases based solely on Executive’s vicarious liability for the conduct of the Company or others), which, regardless of where such felony occurs, has had or will have a detrimental effect on the Company’s reputation or business or the Executive’s reputation; or 

                                  (iv)     the Executive’s material breach of Section 7 or Section 13 of this Agreement. 

A termination of employment of the Executive shall not be deemed to be for Cause unless and until there shall have been delivered to the Executive a copy of a resolution duly adopted by the affirmative vote of not less than a majority of the entire membership of the Company Board (not including the Executive) at a meeting of the Company Board called and held for such purpose (after at least ten days’ written notice is provided to the Executive and the Executive is given an opportunity, together with counsel, to be heard before the Company Board), finding that, in the good faith opinion of the Company Board, the Executive is guilty of the conduct described in one or more of the clauses of Section 4(b) above, and specifying the particulars thereof in detail. Notwithstanding the foregoing, if the Executive challenges a termination of employment for Cause under this Section 4(b) in a court of competent jurisdiction, the Company Board’s decision shall be reviewed “de novo” by the court and no deference shall be given towards such decision. 

-10- 

                    (c)     Good Reason. The Executive’s employment may be terminated by the Executive for Good Reason (including Safe Harbor Good Reason, as defined below) if (x) an event or circumstance set forth in the clauses of this Section 4(c) below (or in the definition of Safe Harbor Good Reason) shall have occurred and the Executive provides the Company with written notice thereof within 45 days (5 days in the case of clause (vii) below) after the Executive has knowledge of the occurrence or existence of such event or circumstance, which notice shall specifically identify the event or circumstance that the Executive believes constitutes Good Reason (or Safe Harbor Good Reason), (y) the Company fails to correct the circumstance or event so identified within 30 days after the receipt of such notice, and (z) the Executive resigns effective within 90 days after the date of delivery of the notice referred to in clause (x) above. For purposes of this Agreement, “Good Reason” shall mean, in the absence of the Executive’s written consent (and except in consequence of a prior termination of the Executive’s employment), the occurrence of any of the following:

                                  (i)     a material reduction by the Company in the Executive’s Annual Base Salary or a material reduction in the Executive’s aggregate annual cash compensation opportunity, which for this purpose shall include, without limitation, Annual Base Salary and target bonus opportunities; 

                                  (ii)     a material reduction in the aggregate level of employee benefits made available to the Executive under this Agreement, unless, prior to a Change of Control, such reduction is applicable to senior executives of the Company generally; 

                                  (iii)     any diminution in the Executive’s title or a material diminution in the Executive’s position, authority, duties or responsibilities (other than as required by applicable law or regulation or as a result of the Executive’s physical or mental incapacity which impairs his ability to materially perform his duties or responsibilities as confirmed by a doctor reasonably acceptable to the Executive or his representative and such diminution lasts only for so long as such doctor determines such incapacity impairs the Executive’s ability to materially perform his duties or responsibilities); 

                                  (iv)     the failure to appoint, elect or reelect the Executive to the Company Board or removal of the Executive from the Company Board (other than pursuant to a termination of Executive’s employment for death, Disability or Cause); 

                                  (v)     a material change in the Executive’s reporting relationship that is inconsistent with the terms of this Agreement; 

                                  (vi)     the Company requiring the Executive’s principal location of employment to be at any office or location more than 50 miles from Libertyville, Illinois (other than to the extent agreed to or requested by the Executive in writing); 

                                  (vii)     the Separation Event or an Other Transaction Event has not occurred on or prior to October 31, 2010; 

                                  (viii)     the failure of a successor of MDB to assume this Agreement in writing and to deliver such assumption to the Executive; or 

                                  (ix)     any other action or inaction that constitutes a material breach by the Company of this Agreement. 

For purposes of this Agreement “Safe Harbor Good Reason” means, unless otherwise agreed to in writing by the Executive (and except in consequence of a prior termination of 

-11- 

the Executive’s employment), (A) a material diminution in Executive’s Base Salary; (B) a material diminution in Executive’s authority, duties, or responsibilities, (C) a requirement that Executive report to a corporate officer or employee of the Company instead of reporting directly to the Company Board, (D) a material change in the geographic location at which Executive must perform the services or (E) any other action or inaction that constitutes a material breach by the Company of this Agreement. 

                    (d)     Voluntary Termination. The Executive may voluntarily terminate his employment without Good Reason (other than due to death, Disability or retirement) on written notice to the Company, and such termination shall not be deemed to be a breach of this Agreement. 

                    (e)     Notice of Termination. Any termination by the Company for Cause, or by the Executive for Good Reason, shall be communicated by Notice of Termination to the other Party hereto given in accordance with Section 10(b) of this Agreement. For purposes of this Agreement, a “Notice of Termination” means a written notice which (i) indicates the specific termination provision in this Agreement relied upon, (ii) to the extent applicable, sets forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive’s employment under the provision so indicated and (iii) if the Date of Termination (as defined below) is other than the date of receipt of such notice, specifies the termination date (which date shall be not more than thirty days after the giving of such notice). The failure by the Executive or the Company to set forth in the Notice of Termination any fact or circumstance which contributes to a showing of Good Reason or Cause shall not waive any right of the Executive or the Company, respectively, hereunder or preclude the Executive or the Company, respectively, from asserting such fact or circumstance in enforcing the Executive’s or the Company’s rights hereunder. 

                    (f)     Date of Termination. “Date of Termination” means (i) if the Executive’s employment is terminated by the Company for Cause, or by the Executive for Good Reason, the date of receipt of the Notice of Termination or any later date specified therein within 30 days of such notice, as the case may be, (ii) if the Executive’s employment is terminated by the Company other than for Cause or Disability, or if the Executive voluntarily resigns without Good Reason, the date on which the terminating Party notifies the other Party that such termination shall be effective, provided that on a voluntary resignation without Good Reason, the Company may, in its sole discretion, make such termination effective on any date, it elects in writing, between the date of the notice and the proposed date of termination specified in the notice, (iii) if the Executive’s employment is terminated by reason of death, the date of death of the Executive, (iv) if the Executive’s employment is terminated by the Company due to Disability, the Disability Effective Date, or (v) if the Executive’s employment is terminated by the Executive or the Company as a result of a Notice of Non-Renewal, the end of the applicable Employment Period. 

                    (g)     Resignation from All Positions. Notwithstanding any other provision of this Agreement, upon the termination of the Executive’s employment for any reason, unless otherwise requested by the Company Board, the Executive shall immediately resign as of the Date of Termination from all positions that he holds with the Company and any other member of the Affiliated Group (and with any other entities with respect to which the Company has requested the Executive to perform services), including, without limitation, the Company Board and all boards of directors of any member of the Affiliated Group. The Executive hereby agrees to execute any and all documentation to effectuate such resignations upon request by the Company, but he shall be treated for all purposes as having so resigned upon termination of his employment, regardless of when or whether he executes any such documentation. 

-12-

     5. Obligations of the Company upon Termination. (a) Good Reason or Other than for Cause Outside of the Change of Control Protection Period. If, during the Employment Period (other than during the Change of Control Protection Period (as defined below)), (x) the Company shall terminate the Executive’s employment other than for Cause, death or Disability, or (y) the Executive shall terminate employment for Good Reason: 

     (i) the Company shall pay to the Executive in a lump sum in cash within 60 days (except as specifically provided in Section 5(a)(i)(A)(3) and Section 5(a)(i)(C)) after the Date of Termination the aggregate of the following amounts: 

     (A) the sum of (1) the Executive’s Annual Base Salary and any accrued vacation pay through the Date of Termination, (2) the Executive’s business expenses that are reimbursable pursuant to Section 3(b)(v) but have not been reimbursed by the Company as of the Date of Termination, and (3) the Executive’s Annual Bonus for the fiscal year immediately preceding the fiscal year in which the Date of Termination occurs if the relevant measurement period has concluded as of the Date of Termination but the bonus has not been paid as of the Date of Termination (payable at the time such Annual Bonus would otherwise have been paid); and 

     (B) the amount equal to the product of (1) two and (2) the sum of (x) Executive’s Annual Base Salary and (y) the Target Bonus for the year of termination; and 

     (C) a pro-rata Annual Bonus based on actual performance during the year in which termination has occurred and based on the number of days of employment during such year relative to 365 days (payable at the time such Annual Bonus would otherwise have been paid); and 

     (D) if (1) the Separation Event has not yet occurred, (2) Executive’s Date of Termination is on or prior to October 31, 2010 and (3) (x) the Company has terminated Executive without Cause or (y) Executive has terminated employment for Safe Harbor Good Reason, the Additional Payment, to the extent not theretofore paid; and 

     (ii) for two years after the Executive’s Date of Termination, the Company shall continue medical benefits to the Executive and, if applicable, the Executive’s family at least equal to those that would have been provided to them in accordance with the plans, programs, practices and policies of the Company if the Executive’s employment had not been terminated; provided, however, that the Executive continues to make all required contributions; provided, further, however, that, the medical benefits provided during such period shall be provided in such a manner that such benefits (and the costs and premiums thereof) are excluded from the Executive’s income for federal income tax purposes and, if providing continued coverage under one or more of its health care benefit plans contemplated herein could be taxable to the Executive, the Company shall provide such benefits at the level required hereby through the purchase of individual insurance coverage; provided, further, however, that, if the Executive becomes re-employed with another employer and is eligible to receive substantially equivalent health benefits under another employer-provided plan, the health benefits described herein shall no longer be provided by the Company; and 

     (iii) (A) the Make-Whole Restricted Stock Units (including RSU Cash-Out Payments in respect of the Make-Whole Restricted Stock Units), the Make-Whole 

-13-

Stock Option, the Inducement Restricted Stock Units (including RSU Cash-Out Payments in respect of the Inducement Restricted Stock Units) and the Inducement Stock Options immediately shall vest, (B) for two years after the Executive’s Date of Termination, all other outstanding equity-based awards granted to the Executive on or after the Effective Date (including RSU Cash-Out Payments in respect of Motorola restricted stock units granted to the Executive prior to the Separation Event or an Other Transaction Event, but excluding MDB Public Restricted Shares) shall continue to vest and, with respect to stock options and other awards that are not immediately exercisable, become exercisable pursuant to their respective terms on the applicable scheduled vesting dates, so long as the Executive complies with the provisions of Section 7 of this Agreement and any other applicable provisions of the applicable award agreement and the applicable incentive plan, including satisfaction of applicable performance goals, but excluding any continued service requirements; all such awards shall remain exercisable by the Executive following vesting until the earlier of (I) eighteen months following the later to occur of (x) the applicable vesting date of such award or (y) the Executive’s Date of Termination or (II) the expiration of the scheduled term of such award, as applicable; (C) if the MDB Public Restricted Shares are granted and outstanding, and (1) the Company has terminated Executive without Cause or (2) Executive has terminated employment for Safe Harbor Good Reason, for two years after the Executive’s Date of Termination, all MDB Public Restricted Shares shall continue to vest in accordance with their terms, so long as the Executive complies with the provisions of Section 7 of this Agreement and any other applicable provisions of the applicable award agreement and the applicable incentive plan, including satisfaction of applicable performance goals, but excluding any continued service requirements; provided, however, that a number of MDB Public Restricted Shares shall vest proportionately upon such termination solely to the extent necessary to satisfy any tax payable by Executive under the Federal Insurance Contributions Act (the “FICA Amount”) and applicable income tax on wages imposed under Section 3401 of the Code or the corresponding withholding provisions of applicable state, local or foreign tax laws as a result of the payment of the FICA Amount, and to pay the additional income tax at source on wages attributable to the pyramiding Code Section 3401 wages and taxes as a result of treatment of the MDB Public Restricted Shares upon such termination; and (D) all other equity awards shall be forfeited; and

                                  (iv)     to the extent not theretofore paid or provided, the Company shall timely pay or provide to the Executive any other amounts or benefits required to be paid or provided or which the Executive is eligible to receive under any plan, program, policy or practice or contract or agreement (other than any severance plan, program, policy or practice or contract or agreement) of the Company and its affiliates (such amounts and benefits, the “Other Benefits”) in accordance with the terms and normal procedures of each such plan, program, policy or practice, based on accrued benefits through the Date of Termination. 

Except with respect to payments and benefits under Sections 5(a)(i)(A)(1), 5(a)(i)(A)(2) and 5(a)(iv), all payments and benefits to be provided under this Section 5(a) shall be subject to the Executive’s execution and non-revocation of a release substantially in the form attached hereto as Exhibit F. Any amounts due under this Section 5(a) which are conditioned on the foregoing release shall not be paid prior to the sixtieth (60th) day after the Date of Termination notwithstanding when the release is executed and delivered (but in all cases subject to the execution, delivery and non-revocation of the release) and any amounts otherwise due prior thereto shall be paid on such sixtieth (60th) day (but in all cases subject to the execution, delivery and non-revocation of the release). Notwithstanding the immediately preceding sentence or Section 5(a)(i), in the event that the Executive is a “specified employee” within the meaning of Section 409A (a “Specified Employee”), amounts that are non-qualified deferred compensation under Section 409A 

-14-

that would otherwise be payable, restricted stock units that would otherwise have been settled, RSU Cash-Out Payments that would otherwise have been made and benefits that would otherwise be provided under Section 5(a)(i) during the six-month period immediately following the Date of Termination shall instead be paid, with interest on any delayed payment at the Blended Rate based on the rates in effect on the Date of Termination (“Interest”), or settled, or made, or provided, on the first business day after the earlier of the date that is six months following the Executive’s “separation from service” within the meaning of Section 409A and the date of the Executive’s death (the “Delayed Payment Date”). Delivery by the Company of a Notice of Non-Renewal shall constitute a termination of Executive’s employment without Cause effective at the end of the then current Employment Period. 

     (b) Good Reason or Other than for Cause During the Change of Control Protection Period. If, during the Employment Period and during the Change of Control Protection Period (as defined below), (x) the Company shall terminate the Executive’s employment other than for Cause, death or Disability, or (y) the Executive shall terminate employment for Good Reason: 

     (i) the Company shall pay to the Executive in a lump sum in cash within 60 days (except as specifically provided in Section 5(b)(i)(A)(3) and Section 5(b)(i)(C)) after the Date of Termination the aggregate of the following amounts: 

     (A) the sum of (1) the Executive’s Annual Base Salary and any accrued vacation pay through the Date of Termination, (2) the Executive’s business expenses that are reimbursable pursuant to Section 3(b)(v) but have not been reimbursed by the Company as of the Date of Termination, and (3) the Executive’s Annual Bonus for the fiscal year immediately preceding the fiscal year in which the Date of Termination occurs if the relevant measurement period has concluded as of the Date of Termination but the bonus has not been paid as of the Date of Termination (payable at the time such Annual Bonus would otherwise have been paid); and 

     (B) the amount equal to the product of (1) three and (2) the sum of (x) Executive’s Annual Base Salary and (y) the Target Bonus for the year of termination; and 

     (C) a pro-rata Annual Bonus based on actual performance during the year in which termination has occurred and based on the number of days of employment during such year relative to 365 days (payable at the time such Annual Bonus would otherwise have been paid); and 

     (D) if (1) the Separation Event has not yet occurred, (2) Executive’s Date of Termination is on or prior to October 31, 2010 and (3) (x) the Company has terminated Executive without Cause or (y) Executive has terminated employment for Safe Harbor Good Reason, the Additional Payment, to the extent not theretofore paid; and

     (ii) for three years after the Executive’s Date of Termination, the Company shall continue medical benefits to the Executive and, if applicable, the Executive’s family at least equal to those that would have been provided to them in accordance with the plans, programs, practices and policies of the Company if the Executive’s employment had not been terminated; provided, however, that the Executive continues to make all required contributions; provided, further, however, that, the medical benefits provided during such 

-15-

period shall be provided in such a manner that such benefits (and the costs and premiums thereof) are excluded from the Executive’s income for federal income tax purposes and, if providing continued coverage under one or more of its health care benefit plans contemplated herein could be taxable to the Executive, the Company shall provide such benefits at the level required hereby through the purchase of individual insurance coverage; provided, further, however, that, if the Executive becomes re-employed with another employer and is eligible to receive substantially equivalent health benefits under another employer-provided plan, the health benefits described herein shall no longer be provided by the Company; 

                                  (iii)     (A) all outstanding equity-based awards of the Company granted to the Executive on or after the Commencement Date (including RSU Cash-Out Payments in respect of Motorola restricted stock units granted to the Executive prior to the Separation Event, but excluding MDB Restricted Shares) shall become immediately vested and exercisable (any such awards with respect to which the number of shares underlying the award depends upon performance shall vest at target unless the measurement period for such awards has ended on or prior to the Date of Termination, in which case such awards shall vest based on actual results; provided, however, that the MDB Public Stock Option, to the extent then granted and outstanding, shall vest without regard to the occurrence of the Milestone Date or any other vesting conditions); vested stock options shall remain exercisable by the Executive following vesting until the earlier of (1) eighteen months following the Date of Termination and (2) the expiration of the scheduled term of such award, as applicable; and (B) if the MDB Public Restricted Shares are granted and outstanding and (1) the Company has terminated Executive without Cause or (2) Executive has terminated employment for Safe Harbor Good Reason, all MDB Public Restricted Shares shall become immediately vested without regard to the occurrence of the Milestone Date or any other vesting conditions; 

                                  (iv)     to the extent not theretofore paid or provided, the Company shall timely pay or provide to the Executive the Other Benefits in accordance with the terms and normal procedures of each such plan, program, policy or practice, based on accrued benefits through the Date of Termination. 

Except with respect to payments and benefits under Sections 5(b)(i)(A)(1), 5(b)(i)(A)(2) and 5(b)(iv), all payments and benefits to be provided under this Section 5(b) shall be subject to the Executive’s execution and non-revocation of a release substantially in the form attached hereto as Exhibit F. Any amounts due under this Section 5(b) which are conditioned on the foregoing release shall not be paid prior to the sixtieth (60th) day after the Date of Termination notwithstanding when the release is executed and delivered (but in all cases subject to the execution, delivery and non-revocation of the release) and any amounts otherwise due prior thereto shall be paid on such sixtieth (60th) day (but in all cases subject to the execution, delivery and non-revocation of the release). Notwithstanding the immediately preceding sentence or Section 5(b)(i), in the event that the Executive is a Specified Employee, amounts that are non-qualified deferred compensation under Section 409A that would otherwise be payable, restricted stock units that would otherwise have been settled, RSU Cash-Out Payments that would otherwise have been made and benefits that would otherwise be provided under Section 5(b)(i) during the six-month period immediately following the Date of Termination shall instead be paid, with Interest, settled, or made or provided on the Delayed Payment Date. Delivery by the Company of a Notice of Non-Renewal shall constitute a termination of Executive’s employment without Cause effective at the end of the then current Employment Period. 

-16-

                    (c)     Cause; Other than for Good Reason. If the Executive’s employment shall be terminated for Cause or the Executive terminates his employment without Good Reason during the Employment Period, or the Executive’s employment terminates by reason of the Executive providing to the Company a Notice of Non-Renewal, this Agreement shall terminate without further obligations to the Executive other than the obligation to pay or provide to the Executive an amount equal to the amount set forth in clauses (1) and (2) of Section 5(a)(i)(A) above, and the timely payment or provision of the Other Benefits, in each case to the extent theretofore unpaid. For the avoidance of doubt, (i) upon a termination of Executive’s employment for Cause, Executive immediately shall forfeit all Company equity awards (including RSU Cash-Out Payments) and (ii) upon a termination of Executive’s employment by the Executive pursuant to this Section 5(c), Executive immediately shall forfeit all unvested Company equity awards (including RSU Cash-Out Payments); pursuant to this clause (ii), vested stock options shall remain exercisable until the earlier of (A) 180 days following the Date of Termination and (B) the expiration of the scheduled term of such stock options, as applicable, immediately following which time any such unexercised stock options shall be cancelled. 

                    (d)     Death. If the Executive’s employment is terminated by reason of the Executive’s death during the Employment Period, this Agreement shall terminate without further obligations to the Executive’s legal representatives under this Agreement, other than (i) the obligation to pay or provide to the Executive’s beneficiaries an amount equal to the amount set forth in clauses (1), (2) and (3) of Section 5(a)(i)(A) above, and (ii) the vesting of each stock option, restricted share, restricted stock unit award, and RSU Cash-Out Payment that is outstanding as of the Date of Termination (any such awards with respect to which the number of shares underlying the award depends upon performance shall vest at target unless the measurement period for such awards has ended on or prior to the Date of Termination, in which case such awards shall vest based on actual results) and continued exercisability of each stock option by the Executive’s beneficiaries until the earlier of (A) one year after the Date of Termination or (B) the end of the scheduled term of such option (the “Stock Benefits”). 

                    (e)     Disability. If the Executive’s employment is terminated by reason of the Executive’s Disability during the Employment Period, this Agreement shall terminate without further obligations to the Executive, other than (i) the obligation to pay or provide to the Executive an amount equal to the amount set forth in clauses (1), (2) and (3) of Section 5(a)(i)(A) above, (ii) the provision of the Stock Benefits, and (iii) the timely payment or provision of Other Benefits, including any applicable disability benefits. In the event that the Executive is a Specified Employee, the settlement of any restricted stock units or payment of any RSU Cash-Out Payments that would otherwise have been settled or made during the six-month period immediately following the Date of Termination shall instead be settled or made on the Delayed Payment Date. 

                    (f)     Certain Definitions.

                                  (i)     “Change of Control” means (A) any “person” or “group” (as such terms are used in Section 13(d) and 14(d) of the Exchange Act) is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing 20% or more of the combined voting power of the Company’s then outstanding securities (other than the Company or any employee benefit plan of the Company; and, for purposes of this Agreement, no Change of Control shall be deemed to have occurred as a result of the “beneficial ownership,” or changes therein, of the Company’s securities by either of the foregoing), or (B) there shall be consummated (1) any consolidation or merger of the Company in which the Company is not 

-17- 

the surviving or continuing corporation or pursuant to which shares of the Company’s common stock would be converted into or exchanged for cash, securities or other property, other than a merger of the Company in which the holders of the Company’s common stock immediately prior to the merger have, directly or indirectly, at least a 65% ownership interest in the outstanding common stock of the surviving corporation immediately after the merger, or (2) any sale, lease, exchange or other transfer (in one transaction or a series of related transactions) of all, or substantially all, of the assets of the Company other than any such transaction with entities in which the holders of the Company’s common stock, directly or indirectly, have at least a 65% ownership interest, or (C) the stockholders of the Company approve any plan or proposal for the liquidation or dissolution of the Company, or (D) as the result of, or in connection with, any cash tender offer, exchange offer, merger or other business combination, sale of assets, proxy or consent solicitation (other than by the Company Board), contested election or substantial stock accumulation (a “Control Transaction”), the members of the Company Board immediately prior to the first public announcement relating to such Control Transaction shall thereafter cease to constitute a majority of the Company Board or (E) the consummation of an Other Transaction Event. For the avoidance of doubt, the Separation Event shall not constitute a Change of Control. 

                                  (ii)     “Change of Control Protection Period” means the period beginning upon the occurrence of a Change of Control through and until the two-year anniversary of the occurrence of the Change of Control. 

                    (g)     Contemplation. If, at a time outside of the Change of Control Protection Period, the Company terminates the Executive’s employment other than for Cause, death or Disability, or the Executive terminates employment for Good Reason, Section 5(a) shall apply; provided that if (i) within six (6) months after the Date of Termination a Change of Control occurs and (ii) it is reasonably demonstrated by the Executive that such termination of employment (including a termination of employment by Executive for Good Reason) arose in connection with, or in anticipation of a Change of Control, the amounts due under Section 5(a) shall remain due in the form and at the time specified therein and, in addition to such amounts, upon the Change of Control, the Executive shall also receive a payment equal to the sum of his Annual Base Salary and Target Bonus as in effect on the Date of Termination, Section 5(b)(ii) shall apply in lieu of Section 5(a)(ii) and Section 5(b)(iii) shall apply in lieu of Sections 5(a)(iii). The equity awards that would otherwise have been forfeited upon the termination of employment shall not be forfeited until it is determined if a Change of Control occurs within six (6) months thereafter; provided, however, that no such awards shall be exercisable or settled during such six (6) month period and all such awards immediately shall be forfeited on the six (6) month anniversary of the Date of Termination if clauses (i) and (ii) of this Section 5(g) are not satisfied). 

                    (h)     Change of Control Equity Vesting. To the extent any Company equity-based awards generally vest for executive officers of the Company upon a Change of Control, the Executive’s Company equity-based awards shall also vest.

                    6.     Full Settlement. In no event shall the Executive be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to the Executive under any of the provisions of this Agreement and such amounts shall not be reduced as a result of a mitigation duty whether or not the Executive obtains other employment. In addition, the Company’s obligation to make any severance payment provided for herein shall not be subject to set-off, counterclaim or recoupment of amounts owed by the Executive to the Company or its Affiliates under this Agreement or otherwise. To the extent permitted by applicable law, the Company shall pay directly to the Executive 

-18-

all reasonable legal fees and expenses reasonably incurred by the Executive in connection with the negotiation and preparation of this Agreement, and the Company shall promptly reimburse the Executive for all legal costs and expenses reasonably incurred (and documented in invoices) in connection with any dispute under this Agreement; provided, however, that Executive shall be obligated to repay any such reimbursements unless the Executive prevails in such dispute on at least one material issue. In order to comply with Section 409A, in no event shall the payments by the Company under this Section 6 be made later than the end of the calendar year next following the calendar year in which such fees and expenses were incurred, provided, that the Executive shall not be entitled to reimbursement unless he has submitted an invoice for such fees and expenses at least 10 days before the end of the calendar year next following the calendar year in which such fees and expenses were incurred. The amount of such legal fees and expenses that the Company is obligated to pay in any given calendar year shall not affect the legal fees and expenses that the Company is obligated to pay in any other calendar year, and the Executive’s right to have the Company pay such legal fees and expenses may not be liquidated or exchanged for any other benefit. In addition, the Company shall indemnify and hold the Executive, harmless on an after-tax basis, for any income tax, and all other applicable taxes imposed as a result of the Company’s payment of any legal fees contemplated herein in connection with the preparation and negotiation of this Agreement. Any tax gross-up payment pursuant to the immediately preceding sentence shall be made by the end of the Executive’s taxable year next following the Executive’s taxable year in which the Executive remits the related taxes.

                    7.     Covenants. For purposes of this Section 7, Motorola shall mean Motorola and its subsidiaries, MDB Public shall mean MDB Public and its subsidiaries, and MDB Other shall mean MDB Other and its subsidiaries. For purposes of this Section 7, “subsidiary” of Motorola, MDB Public or MDB Other, as applicable, means any corporation or other entity in which Motorola, MDB Public or MDB Other, as applicable, holds, directly or indirectly, a 50 percent or greater interest (economic or voting). For purposes of this Section 7, “Applicable Service Period” shall mean the Motorola Service Period, the MDB Public Service Period or the MDB Other Service Period, as applicable. 

                    (a)     Confidential Information. During the Motorola Service Period and thereafter, Executive shall not use or disclose any Motorola Confidential Information, except on behalf of Motorola in furtherance of the Executive’s good faith performance of his duties during the Motorola Service Period and with due regard to Executive’s fiduciary duties to Motorola. During the MDB Public Service Period and thereafter, Executive shall not use or disclose any MDB Public Confidential Information, except on behalf of MDB Public in furtherance of Executive’s good faith performance of his duties during the MDB Public Service Period and with due regard to Executive’s fiduciary duties to MDB Public. During the MDB Other Service Period and thereafter, Executive shall not use or disclose any MDB Other Confidential Information, except on behalf of MDB Other in furtherance of the Executive’s good faith performance of his duties during the MDB Other Service Period and with due regard to Executive’s fiduciary duties to MDB Other. With respect to each of Motorola, MDB Public and MDB Other (each, solely for purposes of this Section 7, “Such Company”), “Confidential Information” means information concerning Such Company and its business that is not generally known outside of Such Company, and includes (i) trade secrets; (ii) intellectual property; (iii) Such Company’s methods of operation and processes of Such Company; (iv) information regarding Such Company’s present and/or future products, developments, processes and systems, including invention disclosures and patent applications; (v) information on customers or potential customers, including customers’ names, sales records, prices, and other terms of sales and Such Company’s cost information; (vi) Such Company’s personnel data; (vii) Such Company’s business plans, 

-19-

marketing plans, financial data and projections; and (viii) information received in confidence by Such Company from third parties. The foregoing shall not apply to information that (A) was known to the public prior to its disclosure to the Executive; (B) becomes generally known to the public subsequent to disclosure to the Executive through no wrongful act of the Executive or any representative of the Executive; or (C) the Executive is required to disclose by applicable law, regulation or legal process. Information regarding products, services or technological innovations in development, in test marketing or being marketed or promoted in a discrete geographic region, which information Such Company or one of its affiliates is considering for broader use, shall not be deemed generally known until such broader use is actually commercially implemented. 

                    (b)     Non-Recruitment of Affiliated Group Employees. During the periods specified below, the Executive shall not (i) hire, recruit, solicit, induce, or cause, or (ii) aid others to hire, recruit, solicit, induce, or cause or (iii) be involved in hiring, recruiting, soliciting, inducing, or causing, with respect to each of clauses (i), (ii) and (iii) of this sentence, any employee of Such Company to terminate his/her employment with Such Company and/or to seek employment with Executive’s new or prospective employer, or any other company. This Section 7(b) shall apply to employees of Motorola during the Motorola Service Period and the two years following Executive’s termination of employment with Motorola for any reason and Motorola shall have the right to enforce this Section 7(b) with respect to employees of Motorola during such periods. This Section 7(b) shall apply to employees of MDB Public during the MDB Public Service Period and the two years following Executive’s termination of employment with MDB Public for any reason and MDB Public shall have the right to enforce this Section 7(b) with respect to employees of MDB Public during such periods. This Section 7(b) shall apply to employees of MDB Other during the MDB Other Service Period and the two years following Executive’s termination of employment with MDB Other for any reason and MDB Other shall have the right to enforce this Section 7(b) with respect to employees of MDB Other during such periods. This Section 7(b) shall not apply to (x) the Executive’s personal administrative staff who perform secretarial-type functions or (y) the soliciting or hiring of any Company employee (1) during the MDB Public Service Period, to become employed by MDB Public or (2) during the MDB Other Service Period, to become employed by MDB Other, in the case of clauses (1) and (2), in accordance with any written agreement between Motorola on the one hand and MDB Public or MDB Other, as applicable, on the other hand. Additionally, neither a general employment advertisement by an entity of which the Executive is a part, nor Executive providing a reference on behalf of a former employee at such employee’s request and with respect to an employer unaffiliated with Executive, will constitute a violation of this Section 7(b). Furthermore, during the Employment Period, absent any other conduct by Executive in violation of this Section 7(b), this Section 7(b) shall not be violated by the Executive’s termination of employment (whether actual or suggested) of any employee of the Company so long as such termination of employment (whether actual or suggested) is in furtherance of Executive’s good faith performance of his duties with the Company. 

                    (c)     No Competition.

                                  (i)     During the Applicable Service Period, Executive shall not, on behalf of any business, person or entity, compete with Such Company or its subsidiaries by directly or indirectly engaging in any business or activity, whether as an employee, consultant, partner, principal, agent, representative or stockholder or in any other individual, corporate or representative capacity, or render any services or provide any advice or substantial assistance to any business, person or entity, if such business, person or entity, directly or indirectly, competes with Such Company or its subsidiaries. During the two-year period following the Date of Termination, Executive shall not, on behalf of any 

-20- 

Listed Company, directly or indirectly, engage in any business or activity, whether as an employee, consultant, partner, principal, agent, representative or stockholder or in any other individual, corporate or representative capacity, or render any services or provide any advice or substantial assistance to any Listed Company. This paragraph applies in countries in which Executive has physically been present performing work for Such Company at any time during the two years preceding termination of Executive’s employment. Motorola may enforce this Section 7(c)(i) during the Motorola Service Period and the two years following Executive’s termination of employment with Motorola for any reason; provided, however, that Motorola may no longer enforce this Section 7(c)(i) if Executive becomes an employee of MDB Public by virtue of the Separation Event or an employee of MDB Other by virtue of an Other Transaction Event. MDB Public may enforce this Section 7(c)(i) during the MDB Public Service Period and the two years following Executive’s termination of employment with MDB Public for any reason. MDB Other may enforce this Section 7(c)(i) during the MDB Other Service Period and the two years following Executive’s termination of employment with MDB Other for any reason.

                                  (ii)     For purposes of this Agreement, “Listed Company” shall mean any company identified by the Company as a Listed Company (including the Listed Company’s subsidiaries and any successor to such Listed Company or to all or substantially all of such Listed Company’s handheld mobile or smart phone devices business, which successor shall replace such Listed Company); provided, however, that (1) there shall be no more than seventeen (17) Listed Companies at any one time, (2) until December 31, 2010, the Company may unilaterally replace one Listed Company per calendar year based on its good faith belief that any new Listed Company engages in the handheld mobile or smart phone device business (but there will be no replacement pursuant to this clause (2) during calendar year 2008), (3) after December 31, 2010, the Company may unilaterally replace up to three Listed Companies per calendar year based on its good faith belief that any new Listed Company engages in the handheld mobile or smart phone device business, (4) the addition of any Listed Company by the Company shall not be effective until sixty (60) days after it is so listed and (5) the Company may not revise the list of Listed Companies on or after the Date of Termination (and no change made during the sixty (60) day period preceding termination of Executive’s employment shall be effective). The Chief Human Resources Officer shall maintain and make available to Executive the current list of Listed Companies. The initial list of Listed Companies is set forth as Schedule A to this Agreement.

                                  (iii)     Notwithstanding anything herein to the contrary, this Section 7(c) shall not prevent Executive from: acquiring securities representing not more than 3% of the outstanding voting securities of any entity the securities of which are traded on a national securities exchange or in the over the counter market or an interest of more than 3% of a private company owned through any pooled investment fund, mutual fund or hedge fund, in each case, so long as the Executive has no active participation in any such investment. 

                    (d)     Assistance. The Executive agrees that during and after his employment by Such Company, the Executive will reasonably assist Such Company in the defense of any claims, or potential claims that may be made or threatened to be made against Such Company in any action, suit or proceeding, whether civil, criminal, administrative, investigative or otherwise (a “Proceeding”), and will reasonably assist Such Company in the prosecution of any claims that may be made by Such Company in any Proceeding, to the extent that such claims may relate to the Executive’s employment or the period of the Executive’s employment by Such Company. The Executive agrees, unless precluded by law, to promptly inform Such Company if the Executive is asked to participate 

-21-

(or otherwise become involved) in any Proceeding involving such claims or potential claims. The Executive also agrees, unless precluded by law, to promptly inform Such Company if the Executive is asked to reasonably assist in any investigation (whether governmental or otherwise) of Such Company (or its actions), regardless of whether a lawsuit has then been filed against Such Company with respect to such investigation. The Company agrees to reimburse the Executive for all of the Executive’s reasonable out-of-pocket expenses associated with such reasonable assistance, including travel expenses and any attorneys’ fees and shall pay a reasonable per diem fee for the Executive’s service. In addition, the Executive agrees to provide such services as are reasonably requested by Such Company to assist any successor to the Executive in the transition of duties and responsibilities to such successor. Any services or assistance contemplated in this Section 7(d) shall be at mutually agreed to and convenient times. 

                    (e)     Remedies. The Executive acknowledges and agrees that the terms of Section 7: (i) are reasonable in geographic and temporal scope, (ii) are necessary to protect legitimate proprietary and business interests of Motorola, MDB Public and MDB Other, as applicable in, inter alia, near permanent customer relationships and confidential information. The Executive further acknowledges and agrees that (x) the Executive’s breach of the provisions of Section 7 will cause Motorola, MDB Public or MDB Other, as applicable, irreparable harm, which cannot be adequately compensated by money damages, and (y) if Motorola, MDB Public, or MDB Other, as applicable, elects to prevent the Executive from breaching such provisions by obtaining an injunction against the Executive, there is a reasonable probability of Such Company’s eventual success on the merits. The Executive consents and agrees that if the Executive commits any such breach or threatens to commit any breach, Such Company shall be entitled to temporary and permanent injunctive relief from a court of competent jurisdiction, in addition to, and not in lieu of, such other remedies as may be available to Such Company for such breach, including the recovery of money damages. In addition, the Executive acknowledges and agrees that the Company equity award agreements (other than award agreements with respect to the Make-Whole Restricted Stock Units, Make-Whole Stock Option, the Inducement Restricted Stock Units and the Inducement Stock Options) may contain “clawback” and recoupment provisions in the form included in the documents attached hereto as Exhibit A and Exhibit C. The Parties further acknowledge and agree that the provisions of Section 10(a) below are accurate and necessary because (A) this Agreement is entered into in the State of Illinois, (B) as of the Effective Date, Illinois will have a substantial relationship to the Parties and to this transaction, (C) as of the Effective Date, Illinois will be the headquarters state of the Company, which has operations nationwide and has a compelling interest in having its employees treated uniformly within the United States, (D) the use of Illinois law provides certainty to the Parties in any covenant litigation in the United States, and (E) enforcement of the provision of this Section 7 would not violate any fundamental public policy of Illinois or any other jurisdiction. If any of the provisions of Section 7 are determined to be wholly or partially unenforceable, the Executive hereby agrees that this Agreement or any provision hereof may be reformed so that it is enforceable to the maximum extent permitted by law. If any of the provisions of this Section 7 are determined to be wholly or partially unenforceable in any jurisdiction, such determination shall not be a bar to or in any way diminish Such Company’s right to enforce any such covenant in any other jurisdiction. 

                    (f)     Agreement Following Termination of Employment. Executive agrees that upon termination of employment with the Company and during the two year period immediately following the Date of Termination, Executive will immediately inform the Company of (i) the identity of any new employer (or the nature of any start-up business or self-employment), (ii) Executive’s new title, and (iii) Executive’s job duties and responsibilities. Executive hereby authorizes the Company or a subsidiary to provide a copy

-22-

of this Agreement to Executive’s new employer. Executive further agrees to provide information to the Company or a subsidiary as may from time to time be requested in order to determine his/her compliance with the terms hereof.

                    (g)     Other Provisions. No grant, award or benefit to be provided to the Executive during the Initial Term shall require the Executive to agree to any restrictive covenants or forfeiture provisions broader than those provided herein and in Exhibit A, Exhibit B and Exhibit C. 

                    8.      Certain Additional Payments by the Company 

                    (a)     Anything in this Agreement to the contrary notwithstanding and except as set forth below, in the event it shall be determined that any Payment would be subject to the Excise Tax, then Executive shall be entitled to receive an additional payment (the “Gross-Up Payment”) in an amount such that, after payment by Executive of all taxes (and any interest or penalties imposed with respect to such taxes), including, without limitation, any income taxes (and any interest and penalties imposed with respect thereto) and Excise Tax imposed upon the Gross-Up Payment, but excluding any income taxes and penalties imposed pursuant to Section 409A, Executive retains an amount of the Gross-Up Payment equal to the Excise Tax imposed upon the Payments. Notwithstanding the foregoing provisions of this Section 8(a), if it shall be determined that Executive is entitled to the Gross-Up Payment, but that the Parachute Value of all Payments does not exceed 110% of the Safe Harbor Amount, then no Gross-Up Payment shall be made to Executive and the amounts payable under this Agreement shall be reduced so that the Parachute Value of all Payments, in the aggregate, equals the Safe Harbor Amount. The reduction of the amounts payable hereunder, if applicable, shall be made by reducing the payments and benefits under the following sections in the following order: (i) Section 5(b)(i)(B), (ii) Section 5(b)(i)(C) and Section 5(b)(ii). For purposes of reducing the Payments to the Safe Harbor Amount, only amounts payable under this Agreement (and no other Payments) shall be reduced. If the reduction of the amount payable under this Agreement would not result in a reduction of the Parachute Value of all Payments to the Safe Harbor Amount, no amounts payable under the Agreement shall be reduced pursuant to this Section 8(a) and the Executive shall be treated hereunder as if the Parachute Value is in excess of 110% of the Safe Harbor Amount. The Company’s obligation to make Gross-Up Payments under this Section 8 shall not be conditioned upon Executive’s termination of employment. 

                    (b)     Subject to the provisions of Section 8(c), all determinations required to be made under this Section 8, including whether and when a Gross-Up Payment is required, the amount of such Gross-Up Payment and the assumptions to be utilized in arriving at such determination, shall be made by KPMG LLP, or such other nationally recognized certified public accounting firm as may be designated by Executive (the “Accounting Firm”), provided that for purposes of determining the amount of the Gross-Up Payment, Executive’s marginal blended actual rates of federal, state and local income taxation in the calendar year in which the change in ownership or effective control that subjects Executive to the Excise Tax occurs shall be used. The Accounting Firm shall provide detailed supporting calculations both to the Company and Executive within fifteen (15) business days of the receipt of notice from Executive that there has been a Payment or such earlier time as is requested by the Company. In the event that the Accounting Firm is serving as accountant or auditor for the individual, entity or group effecting the Change of Control, Executive may appoint another nationally recognized accounting firm to make the determinations required hereunder (which accounting firm shall then be referred to as the Accounting Firm hereunder). All fees and expenses of the Accounting Firm shall be borne solely by the Company. Any determination by the Accounting Firm shall be binding upon 

-23- 

the Company and Executive. As a result of the uncertainty in the application of Section 4999 of the Code at the time of the initial determination by the Accounting Firm hereunder, it is possible that Gross-Up Payments that will not have been made by the Company should have been made (the “Underpayment”), consistent with the calculations required to be made hereunder. In the event the Company exhausts its remedies pursuant to Section 8(c) and Executive thereafter is required to make a payment of any Excise Tax, the Accounting Firm shall determine the amount of the Underpayment that has occurred and any such Underpayment shall be promptly paid by the Company to or for the benefit of Executive. If Section 280G of the Code requires a calculation of the Excise Tax and/or the Gross-Up Payment at more than one point in time, each such calculation shall be made by the Accounting Firm on an aggregate basis and this Section 8, properly adjusted, shall reapply. 

                    (c)     Executive shall notify the Company in writing of any claim by the Internal Revenue Service that, if successful, would require the payment by the Company of the Gross-Up Payment. Such notification shall be given as soon as practicable, but no later than ten (10) business days after Executive is informed in writing of such claim. Executive shall apprise the Company of the nature of such claim and the date on which such claim is requested to be paid. Executive shall not pay such claim prior to the expiration of the thirty (30) day period following the date on which Executive gives such notice to the Company (or such shorter period ending on the date that any payment of taxes with respect to such claim is due). If the Company notifies Executive in writing prior to the expiration of such period that the Company desires to contest such claim, Executive shall: 

                                  (i)     give the Company any information reasonably requested by the Company relating to such claim, 

                                  (ii)     take such action in connection with contesting such claim as the Company shall reasonably request in writing from time to time, including, without limitation, accepting legal representation with respect to such claim by an attorney reasonably selected by the Company, 

                                  (iii)     cooperate with the Company in good faith in order effectively to contest such claim; and

                                  (iv)     permit the Company to participate in any proceedings relating to such claim; 

provided, however, that the Company shall bear and pay directly all costs and expenses (including additional interest and penalties) incurred in connection with such contest, and shall indemnify and hold Executive harmless, on an after-tax basis, for any Excise Tax or income tax (including interest and penalties) imposed as a result of such representation and payment of costs and expenses. Without limitation on the foregoing provisions of this Section 8(c), the Company shall control all proceedings taken in connection with such contest, and, at its sole discretion, may pursue or forgo any and all administrative appeals, proceedings, hearings and conferences with the applicable taxing authority in respect of such claim and may, at its sole discretion, either pay the tax claimed to the appropriate taxing authority on behalf of Executive and direct Executive to sue for a refund or contest the claim in any permissible manner, and Executive agrees to prosecute such contest to a determination before any administrative tribunal, in a court of initial jurisdiction and in one or more appellate courts, as the Company shall determine; provided, however, that, if the Company pays such claim and directs Executive to sue for a refund, the Company shall indemnify and hold Executive harmless, on an after-tax basis, from any Excise Tax or income tax (including interest or penalties) imposed with respect to such payment or with 

-24- 

respect to any imputed income in connection with such payment; and provided, further, that any extension of the statute of limitations relating to payment of taxes for the taxable year of Executive with respect to which such contested amount is claimed to be due is limited solely to such contested amount. Furthermore, the Company’s control of the contest shall be limited to issues with respect to which the Gross-Up Payment would be payable hereunder, and Executive shall be entitled to settle or contest, as the case may be, any other issue raised by the Internal Revenue Service or any other taxing authority. Notwithstanding the foregoing, any payment or reimbursement made pursuant to Section 8 shall be paid to the Executive promptly and in no event later than the end of the calendar year next following the calendar year in which the related tax is paid by the Executive or as otherwise provided under Treasury Regulation §1.409A-3(i)(1)(v). 

                    (d)      If, after the receipt by Executive of a Gross-Up Payment or payment by the Company of an amount on Executive’s behalf pursuant to Section 8(c), Executive becomes entitled to receive any refund with respect to the Excise Tax to which such Gross-Up Payment relates or with respect to such claim, Executive shall (subject to the Company’s complying with the requirements of Section 8(c), if applicable) promptly pay to the Company the amount of such refund (together with any interest paid or credited thereon after taxes applicable thereto). If, after payment by the Company of an amount on Executive’s behalf pursuant to Section 8(c), a determination is made that Executive shall not be entitled to any refund with respect to such claim and the Company does not notify Executive in writing of its intent to contest such denial of refund prior to the expiration of thirty (30) days after such determination, then the amount of such payment shall offset, to the extent thereof, the amount of Gross-Up Payment required to be paid; provided, however, that no offset shall apply to any amounts subject to Section 409A.

                    (e)      Any Gross-Up Payment, as determined pursuant to this Section 8, shall be paid by the Company to Executive within five (5) days of the receipt of the Accounting Firm’s determination; provided that the Gross-Up Payment shall in all events be paid no later than the end of Executive’s taxable year next following Executive’s taxable year in which the Excise Tax (and any income or other related taxes or interest or penalties thereon) on a Payment are remitted to the Internal Revenue Service or any other applicable taxing authority or, in the case of amounts relating to a claim described in Section 8(c) that does not result in the remittance of any federal, state, local and foreign income, excise, social security and other taxes, the calendar year in which the claim is finally settled or otherwise resolved. Notwithstanding any other provision of this Section 8, the Company may, in its sole discretion, withhold and pay over to the Internal Revenue Service or any other applicable taxing authority, for the benefit of Executive, all or any portion of any Gross-Up Payment, and Executive hereby consents to such withholding. 

                    (f)      Definitions. The following terms shall have the following meanings for purposes of this Section 8. 

                                  (i)      “Excise Tax” shall mean the excise tax imposed by Section 4999 of the Code, together with any interest or penalties imposed with respect to such excise tax. 

                                  (ii)      “Parachute Value” of a Payment shall mean the present value as of the date of the change of control for purposes of Section 280G of the Code of the portion of such Payment that constitutes a “parachute payment” under Section 280G(b)(2), as determined by the Accounting Firm for purposes of determining whether and to what extent the Excise Tax will apply to such Payment. 

-25-

                                  (iii)     “Payment” shall mean any payment or distribution in the nature of compensation (within the meaning of Section 280G(b)(2) of the Code) to or for the benefit of Executive, whether paid or payable pursuant to this Agreement or otherwise.

                                  (iv)     “Safe Harbor Amount” means 2.99 times Executive’s “base amount,” within the meaning of Section 280G(b)(3) of the Code.

                    9.     Successors. (a) This Agreement is personal to the Executive and without the prior written consent of the Company shall not be assignable by the Executive other than by will or the laws of descent and distribution. This Agreement shall inure to the benefit of and be enforceable by the Executive’s legal representatives. This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns. For the avoidance of doubt, Motorola may unilaterally assign this Agreement to MDB Public or MDB Other. In the event that Motorola assigns this Agreement to MDB Public or MDB Other, Motorola shall become a third party beneficiary of this Agreement with respect to the enforcement of Executive’s obligations to Motorola under the Agreement pursuant to Section 7 of the Agreement.

                    (b)     The Company shall cause any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all or a substantial portion of the MDB business and/or assets to assume expressly in writing (and deliver a copy to the Executive) and agree to perform this Agreement immediately upon such succession in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place.

                    10.     Miscellaneous. (a) This Agreement shall be governed by and construed in accordance with the laws of the State of Illinois, without reference to principles of conflict of laws. The Parties hereto irrevocably agree to submit to the jurisdiction and venue of the courts of the State of Illinois, in any action or proceeding brought with respect to or in connection with this Agreement. The captions of this Agreement are not part of the provisions hereof and shall have no force or effect. This Agreement may not be amended or modified otherwise than by a written agreement executed by the Parties hereto or their respective successors and legal representatives.

                    (b)     All notices and other communications hereunder shall be in writing and shall be given by hand delivery to the other Party or by registered or certified mail, return receipt requested, postage prepaid, addressed as follows:

         If to the Executive:

         At the most recent address on file for the Executive at the Company.  

         If to the Company:  

         Motorola, Inc.

         1030 East Algonquin Road

         Schaumburg, Illinois 60196

         Attention: General Counsel

         or to such other address as either Party shall have furnished to the other in

         writing in accordance herewith. Notice and communications shall be effective

         when actually received by the addressee.

-26-

                    (c)     The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement. 

                    (d)     Notwithstanding any other provision of this Agreement, the Company may withhold from any amounts payable or benefits provided under this Agreement any Federal, state, and local taxes as shall be required to be withheld pursuant to any applicable law or regulation. 

                    (e)     Subject to the provisions of Section 4(c), the Executive’s or the Company’s failure to insist upon strict compliance with any provision of this Agreement or the failure to assert any right the Executive or the Company may have hereunder, shall not be deemed to be a waiver of such provision or right or any other provision or right of this Agreement. 

                    (f)     From and after the Effective Date, this Agreement shall supersede any other employment agreement or understanding between the Parties with respect to the subject matter hereof. 

                    (g)     Nothing in this Agreement or any Motorola Policy shall prevent Executive from retaining and exercising the stock options with respect to shares of common stock of Qualcomm Incorporated that Executive holds on the date of this Agreement or from holding the shares of Qualcomm Incorporated common stock that Executive receives upon exercise of such stock options, subject in all events to the 3% limit set forth in Section 7(c)(iii) of this Agreement 

                    11.     Director’s and Officer’s Insurance. The Company shall provide the Executive with reasonable Director’s and Officer’s insurance coverage that is at least as favorable as the coverage provided to other directors and officers of the Company on the date of this Agreement or at any time thereafter. Such insurance coverage shall continue in effect both during the Employment Period and, while potential liability exists, thereafter (it being understood for the avoidance of doubt that Motorola shall maintain such coverage following the Motorola Service Period if and to the extent liability exists following the Motorola Service Period). 

                    12.     Indemnification. The Company shall indemnify the Executive and hold him harmless to the fullest extent permitted by law and under the charter and by-laws of the Company (including the advancement of expenses) against, and with respect to, any and all actions, suits, proceedings, claims, demands, judgments, costs, expenses (including reasonable attorney fees), losses and damages resulting from the Executive’s good faith performance of his duties and obligations with the Company. This Section 12 shall survive any termination of employment and shall apply with respect to each of Motorola, MDB Public and MDB Other, if and to the extent that Executive is employed by any such entity at any time. 

                    13.     Representations. The Executive hereby represents and warrants to the Company that the Executive is not party to any contract, understanding, agreement or policy, whether or not written, with his current employer (or any other previous employer) or otherwise, that would be breached by the Executive’s entering into, or performing services under, this Agreement; provided that the Company hereby acknowledges that it is aware of Executive’s obligations under Executive’s Employee Agreement with Qualcomm Incorporated, dated June 13, 1994 and the obligations under the draft Letter Agreement expected to be entered into by Executive and Qualcomm Incorporated promptly following the execution of this Agreement, in the form provided to Motorola immediately prior to the 

-27-

execution of this Agreement, and that Executive may also have statutory or common law confidentiality obligations with regard to Qualcomm Incorporated. The Executive further represents that he has disclosed to the Company in writing all material threatened, pending, or actual claims that are unresolved and still outstanding as of the Effective Date, in each case, against the Executive of which he is aware, if any, as a result of his employment with his current employer (or any other previous employer) or his membership on any boards of directors. In the event of a breach of this Section 13 that prevents Executive from satisfying the requirements of Section 3(a), any amounts or awards due to Executive under this Agreement immediately shall be terminated and forfeited by Executive and Executive immediately shall repay to the Company any amounts previously paid to Executive under this Agreement. 

                    14.     Section 409A. 

                    (a)     The intent of the Parties is that payments and benefits under this Agreement comply with Section 409A or are exempt therefrom and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. If the Executive notifies the Company (with specificity as to the reason therefor) that the Executive believes that any provision of this Agreement (or of any award of compensation, including equity compensation or benefits) would cause the Executive to incur any additional tax or interest under Section 409A and the Company concurs with such belief or the Company (without any obligation whatsoever to do so) independently makes such determination, the Company shall, after consulting with the Executive, reform such provision in a manner that is economically neutral to the Company to attempt to comply with Section 409A through good faith modifications to the minimum extent reasonably appropriate to conform with Section 409A. 

                    (b)     A termination of employment shall not be deemed to have occurred for purposes of any provision of this Agreement providing for the payment of any amounts or benefits (including Company equity awards) subject to Section 409A upon or following a termination of employment unless such termination is also a “separation from service” within the meaning of Section 409A and Executive is no longer providing services (at a level that would preclude the occurrence of a “separation from service” within the meaning of Section 409A) to any of Motorola, MDB Public or MDB Other as an employee or consultant, and for purposes of any such provision of this Agreement, references to a “termination,” “termination of employment” or like terms shall mean “separation from service” within the meaning of Section 409A. If the Executive is deemed on the Date of Termination to be a Specified Employee, then with regard to any payment or the provision of any benefit that is considered deferred compensation under Section 409A payable on account of a “separation from service,” such payment or benefit shall be made or provided on the Delayed Payment Date. 

                    (c)     With regard to any provision herein that provides for reimbursement of costs and expenses or in-kind benefits, except as permitted by Section 409A, (i) the right to reimbursement or in-kind benefits shall not be subject to liquidation or exchange for another benefit, (ii) the amount of expenses eligible for reimbursement, or in-kind benefits, provided during any taxable year shall not affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other taxable year, provided that the foregoing clause (ii) shall not be violated with regard to expenses reimbursed under any arrangement covered by Internal Revenue Code Section 105(b) solely because such expenses are subject to a limit related to the period the arrangement is in effect and (iii) such payments shall be made on or before the last day of Executive’s taxable year following the taxable year in which the expense occurred. 

-28- 

                    (d)     Whenever a payment under this Agreement specifies a payment period with reference to a number of days (e.g., “payment shall be made within thirty (30) days following the date of termination”), the actual date of payment within the specified period shall be within the sole discretion of the Company. 

                    (e)     For purposes of Section 409A, the Executive’s right to receive any “installment” payments pursuant to this Agreement shall be treated as a right to receive a series of separate and distinct payments. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK.] 

-29- 

                    IN WITNESS WHEREOF, the Executive has hereunto set the Executive’s hand and, pursuant to the authorization from its Board of Directors, the Company has caused these presents to be executed in its name and on its behalf, all as of the day and year first above written.

	SANJAY K. JHA

  

/s/ Sanjay K. Jha                                             
	 

 

MOTOROLA, INC.

 

/s/ Greg A. Lee                                                
	Name: 	 	Greg A. Lee 
	Title: 	 	Senior Vice President, 
	 	 	Human Resources 

-30-

EXHIBIT A 

RESTRICTED STOCK UNIT AWARD AGREEMENT (“Agreement”) 

                    This Restricted Stock Unit Award (“Award”) is awarded on [___], 2008 (“Date of Grant”), by Motorola, Inc. (the “Company” or “Motorola”) to [___] (the “Grantee”). 

                    WHEREAS, Grantee is receiving the Award [under the Motorola Omnibus Incentive Plan of 2006, as amended (the “2006 Incentive Plan” or the “Plan”)];

                    WHEREAS, Grantee is the Chief Executive Officer of the mobile devices business of Motorola; 

                    WHEREAS, Grantee and Motorola entered into an employment agreement (the “Employment Agreement”), dated as of the [___] day of [___] 2008; 

                    WHEREAS, the Award is a grant of Motorola restricted stock units authorized by the Board of Directors and the Board’s Compensation and Leadership Committee (the “Compensation Committee”); and 

                    WHEREAS, it is a condition to Grantee receiving the Award that Grantee electronically accept the terms, conditions and Restrictions applicable to the restricted stock units as set forth in this agreement. 

                    NOW, THEREFORE, in consideration of the mutual covenants contained herein and for other good and valuable consideration, the Company hereby awards restricted stock units to Grantee on the following terms and conditions: 

	1.      	Award of Restricted Stock Units. The Company hereby grants to Grantee a total of [___] Motorola restricted stock units (the “Units”) subject to the terms and conditions set forth below. All Awards shall be paid in whole shares of Motorola Common Stock (“Common Stock”); no fractional shares shall be credited or delivered to Grantee. For purposes of this Award, “Units” will include any rights into which the Units may be converted (including cash accounts). 
	 
	2.      	Restrictions. The Units are being awarded to Grantee subject to the transfer and forfeiture conditions set forth below (the “Restrictions”) which shall lapse, if at all, as described in Section 3 below. For purposes of this Award, the term Units includes any additional Units granted to the Grantee with respect to Units, still subject to the Restrictions. 
	 
	 	a.      	Grantee may not directly or indirectly, by operation of law or otherwise, voluntarily or involuntarily, sell, assign, pledge, encumber, charge or otherwise transfer any of the Units still subject to Restrictions. The Units shall be forfeited if Grantee violates or attempts to violate these transfer Restrictions. Motorola shall have the right to assign this Agreement, which shall not affect the validity or enforceability of this Agreement, subject to the limitations on assignment contained in the Employment Agreement. This Agreement shall inure to the benefit of assigns and successors of Motorola’s mobile devices business and references to Motorola or the Company shall include any such assigns and successors. For the avoidance of 
	 

	         	 	doubt, Motorola may unilaterally assign this Agreement to MDB Public (as defined in the Employment Agreement) or MDB Other (as defined in the Employment Agreement). 
		 
		b.      	Any Units still subject to the Restrictions shall be automatically forfeited upon Grantee’s termination of employment pursuant to Section 5(c) of the Employment Agreement. 
		 
		c.      	Sections 7(a), (b) and (c) (together, the “Restrictive Covenants”) of the Employment Agreement are hereby incorporated by reference into this Award and shall apply as if fully set forth herein mutatis mutandis and any capitalized terms used in such Sections 7(a), (b) and (c) shall have the meanings ascribed to such terms in the Employment Agreement. [If Grantee breaches the Restrictive Covenants, in addition to all remedies in law and/or equity available to the Company or any Subsidiary, Grantee shall forfeit all Units under the Award whose Restrictions have not lapsed, and, for all restricted stock units under the Award whose Restrictions have lapsed, Grantee shall immediately pay to the Company the Fair Market Value (as defined in paragraph 7 below) of Motorola Common Stock (“Common Stock”) on the date(s) such Restrictions lapsed, without regard to any taxes that may have been deducted from such amount.] [Note: Bracketed text not included in make-whole or inducement award documents.] 
		 
		d.           	[The Units are subject to the terms and conditions of the Company’s Policy Regarding Recoupment of Incentive Payments upon Financial Restatement, as such policy is in effect on the Date of Grant (such policy, being the “Recoupment Policy”). The Recoupment Policy provides for determinations by the Company’s independent directors that, as a result of intentional misconduct by Grantee, the Company’s financial results were restated (a “Policy Restatement”). In the event of a Policy Restatement, the Company’s independent directors may require, among other things (a) cancellation of any of the Units that remain outstanding; and/or (b) reimbursement of any gains in respect of the Units, if and to the extent the conditions set forth in the Recoupment Policy apply. Any determinations made by the independent directors in accordance with the Recoupment Policy shall be binding upon Grantee. The Recoupment Policy is in addition to any other remedies which may be otherwise available at law, in equity or under contract, to the Company.] [Note: Bracketed text not included in make-whole award documents; Recoupment Policy shall not apply to make-whole awards.] 
		 

The Company will not be obligated to pay Grantee any consideration whatsoever for forfeited Units. 

	3.      	Lapse of Restrictions. 
	 
	 	a.           	The Restrictions applicable to the Units shall lapse, as long as the Units have not been forfeited as described in Section 2 above, as follows: 
	 

A-2

(i) 

	 	 	For purposes of this Agreement, the “Restriction Period” applicable to a Unit shall refer to the period of time beginning on the Date of Grant and ending on the date that the Restrictions applicable to such Unit shall lapse, as set forth in the table above. 
	 
	 	 	(ii)    In addition, the Restrictions applicable to the Units shall lapse in accordance with the terms of Section 5 of the Employment Agreement if and to the extent applicable provisions under Section 5 of the Employment Agreement are triggered. 
	 
	 	b.      	If, during the Restriction Period, the Grantee takes a Leave of Absence from Motorola or a Subsidiary, the Units will continue to be subject to this Agreement. If the Restriction Period expires while the Grantee is on a Leave of Absence the Grantee will be entitled to the Units even if the Grantee has not returned to active employment. “Leave of Absence” means an approved leave of absence from Motorola or a Subsidiary that is not a termination of employment, as determined by Motorola. 
	 
	 	c.      	To the extent the Restrictions lapse under this Section 3 with respect to the Units, they will be free of the terms and conditions of this Award (other than 2(c)). 
	 
	4.              	Adjustments. If the number of outstanding shares of Common Stock is changed as a result of a stock split or the like without additional consideration to the Company, the number of Units subject to this Award shall be adjusted to correspond to the change in the outstanding shares of Common Stock. 
	 
	5.      	Dividends. No dividends (or dividend equivalents) shall be paid with respect to Units credited to the Grantee’s account. 
	 
	6.      	Delivery of Certificates or Equivalent. Upon the lapse of Restrictions applicable to the Units, the Company shall, at its election, either (i) deliver to the Grantee a certificate representing a number of shares of Common Stock equal to the number of Units upon which such Restrictions have lapsed, or (ii) establish a brokerage account for the Grantee and credit to that account the number of shares of Common Stock of the Company equal to the number of Units upon which such Restrictions have lapsed; provided that if the Units convert into cash accounts they shall be settled in cash. 
	 
	7.      	Withholding Taxes. The Company is entitled to withhold applicable taxes for the respective tax jurisdiction attributable to this Award or any payment made in connection with the Units. Grantee may satisfy any minimum withholding obligation in whole or in part by electing to have the plan administrator retain 
	 

A-3 

 

	 	shares of Common Stock deliverable in connection with the Units having a Fair Market Value on the date the Restrictions applicable to the Units lapse equal to the amount to be withheld. “Fair Market Value” for this purpose shall be the closing price for a share of Common Stock on the date the Restrictions applicable to the Units lapse (the “Restrictions Lapse Date”) as reported for the New York Stock Exchange- Composite Transactions in the Wall Street Journal at www.online.wsj.com or, for purposes of imposing sanctions under paragraph 2(d), on any date specified therein. In the event the New York Stock Exchange is not open for trading on the Restrictions Lapse Date, or if the Common Stock does not trade on such day, Fair Market Value for this purpose shall be the closing price of the Common Stock on the last trading day prior to the Restrictions Lapse Date.    
	 
	8.      	Voting and Other Rights. 
	 
	 	a.      	Grantee shall have no rights as a stockholder of the Company in respect of the Units, including the right to vote and to receive cash dividends and other distributions until delivery of certificates representing shares of Common Stock in satisfaction of the Units. 
	 
	 	b.      	The grant of Units does not confer upon Grantee any right to continue in the employ of the Company or a Subsidiary or to interfere with the right of the Company or a Subsidiary, to terminate Grantee’s employment at any time. 
	 
	9.      	Consent to Transfer Personal Data. By accepting this award, Grantee voluntarily acknowledges and consents to the collection, use, processing and transfer of personal data as described in this paragraph. Grantee is not obliged to consent to such collection, use, processing and transfer of personal data. However, failure to provide the consent may affect Grantee’s ability to participate in the Plan. Motorola, its Subsidiaries and Grantee’s employer hold certain personal information about Grantee, that may include his/her name, home address and telephone number, date of birth, social security number or other employee identification number, salary grade, hire data, salary, nationality, job title, any shares of stock held in Motorola, or details of all restricted stock units or any other entitlement to shares of stock awarded, canceled, purchased, vested, or unvested, for the purpose of managing and administering the Plan (“Data”). Motorola and/or its Subsidiaries will transfer Data amongst themselves as necessary for the purpose of implementation, administration and management of Grantee’s participation in the Plan, and Motorola and/or any of its Subsidiaries may each further transfer Data to any third parties assisting Motorola in the implementation, administration and management of the Plan. These recipients may be located throughout the world, including the United States. Grantee authorizes them to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing Grantee’s participation in the Plan, including any requisite transfer of such Data as may be required for the administration of the Plan and/or the subsequent holding of shares of stock on Grantee’s behalf to a broker or other third party with whom Grantee may elect to deposit any shares of stock acquired pursuant to the Plan. Grantee may, at any time, review Data, require any necessary amendments to it or withdraw the consents herein in writing by contacting Motorola; however, withdrawing consent may affect Grantee’s ability to participate in the Plan. 

A-4

	10.      	Nature of Award. By accepting this Award Agreement, the Grantee acknowledges his or her understanding that the grant of Units under this Award Agreement is completely at the discretion of Motorola, and that Motorola’s decision to make this Award in no way implies that similar awards may be granted in the future or that Grantee has any guarantee of future employment. Nor shall this or any such grant interfere with Grantee’s right or the Company’s right to terminate such employment relationship at any time, with or without cause, to the extent permitted by applicable laws and any enforceable agreement between Grantee and the Company. Grantee’s acceptance of this Award is voluntary. The Award is not part of normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension, or retirement benefits or similar payments, notwithstanding any provision of any compensation, insurance agreement or benefit plan to the contrary, 
	 
	11.      	Remedies for Breach. Grantee hereby acknowledges that the harm caused to the Company by the breach or anticipated breach of the Restrictive Covenants will be irreparable and further agrees the Company may obtain injunctive relief against the Grantee in addition to and cumulative with any other legal or equitable rights and remedies the Company may have pursuant to this Agreement, any other agreements between the Grantee and the Company for the protection of the Company’s Confidential Information (as defined in the Employment Agreement), or law, including the recovery of liquidated damages. Grantee agrees that any interim or final equitable relief entered by a court of competent jurisdiction, as specified in paragraph 14 below, will, at the request of the Company, be entered on consent and enforced by any such court having jurisdiction over the Grantee. This relief would occur without prejudice to any rights either party may have to appeal from the proceedings that resulted in any grant of such relief.  
	 
	12.      	Acknowledgements. With respect to the Units, this Agreement (and any provisions of the Employment Agreement incorporated into this Agreement) is the entire agreement with the Company. No waiver of any breach of any provision of this Agreement by the Company shall be construed to be a waiver of any succeeding breach or as a modification of such provision. The provisions of this Agreement shall be severable and in the event that any provision of this Agreement shall be found by any court as specified in paragraph 14 below to be unenforceable, in whole or in part, the remainder of this Agreement shall nevertheless be enforceable and binding on the parties. Grantee hereby agrees that the court may modify any invalid, overbroad or unenforceable term of this Agreement so that such term, as modified, is valid and enforceable under applicable law. Further, by accepting any Award under this Agreement, Grantee affirmatively states that he has not, will not and cannot rely on any representations not expressly made herein. 
	 
	13.      	Funding. No assets or shares of Common Stock shall be segregated or earmarked by the Company in respect of any Units awarded hereunder. The grant of Units hereunder shall not constitute a trust and shall be solely for the purpose of recording an unsecured contractual obligation of the Company. 
	 
	14.      	Governing Law. All questions concerning the construction, validity and interpretation of this Award shall be governed by and construed according to the law of the State of Illinois without regard to any state’s conflicts of law principles. 
	 

A-5

	 	Any disputes regarding this Award or Agreement shall be brought only in the state or federal courts of Illinois. 
	 
	15.      	Waiver. The failure of the Company to enforce at any time any provision of this Award shall in no way be construed to be a waiver of such provision or any other provision hereof. 
	 
	17.      	Actions by the Compensation Committee. The Committee may delegate its authority to administer this Agreement. The actions and determinations of the Compensation Committee or delegate shall be binding upon the parties. 
	 
	18.      	Acceptance of Terms and Conditions. By electronically accepting this Award within 30 days after the date of the electronic mail notification by the Company to Grantee of the grant of this Award (“Email Notification Date”), Grantee agrees to be bound by the foregoing terms and conditions, the 2006 Incentive Plan and any and all rules and regulations established by Motorola in connection with awards issued under the 2006 Incentive Plan. If Grantee does not electronically accept this Award within 30 days of the Email Notification Date Grantee will not be entitled to the Units. 
	 
	19.      	Plan Documents. The 2006 Incentive Plan and the Prospectus for the 2006 Incentive Plan are available at http://myhr.mot.com/pay.finances/awards_incentives/stock_options/plan_docum ents.jsp or from Global Rewards, 1303 East Algonquin Road, Schaumburg, IL 60196, (847) 576-7885. 
	 
	20.      	Subsidiary Definition. For purposes of this Agreement, a “Subsidiary” is any corporation or other entity in which a 50 percent or greater interest is held directly or indirectly by Motorola and which is consolidated for financial reporting purposes. 
	 
	21.      	Miscellaneous. The Units shall be subject to Section 3(b)(iv)(H), Section 3(b)(iv)(I) and Section 5 of the Employment Agreement. 
	 

A-6

	EXHIBIT B

MOTOROLA, INC. 

AWARD DOCUMENT 

For the 

Motorola Omnibus Incentive Plan of 2006 

Terms and Conditions Related to Employee Nonqualified Stock Options

 

Motorola, Inc. (“Motorola” or the “Company”) is pleased to grant you options to purchase shares of Motorola’s common stock [under the Motorola Omnibus Incentive Plan of 2006 (the “Plan”)]. The number of options (“Options”) awarded to you and the Exercise Price per Option, which is the Fair Market Value on the Date of Grant, are stated above. Each Option entitles you to purchase one share of Motorola’s common stock on the terms described below and in the Plan. Reference is made to the employment agreement (“Employment Agreement’) by and between [___] and Motorola, dated as of the [___] day of [___] 2008.

	Vesting and Exercisability  	  	Expiration  
	You cannot exercise the Options until they  	  	All Options expire on the earlier of (1) the  
	have vested.  	  	Date of Expiration as stated above or (2)  
	  	  	such earlier date provided for under the  
	Regular Vesting – The Options will vest in  	  	terms of the Employment Agreement.  
	accordance with the following schedule  	  	Once an Option expires, you no longer  
	(subject to the other terms hereof):  	  	have the right to exercise it.  
	  
	Percent     Date  	  	Employment Agreement  
	  	  	The vesting, exercisability and forfeiture  
	  	  	of your Options will be subject to the  
	  	  	terms of Section 5 of the Employment  
	  	  	Agreement. In addition, your Options will  
	  	  	be subject to Section 3(b)(iv)(H) and  
	  	  	Section 3(b)(iv)(I) of the Employment  
	Special Vesting – The Employment  	  	Agreement.  
	Agreement contains additional terms  	  	  
	regarding the vesting of your Options.  	  	Leave of Absence/Temporary Layoff  
	  	  	If you take a Leave of Absence from  
	Exercisability – In general, you may  	  	Motorola or a Subsidiary that your  
	exercise Options at any time after they  	  	employer has approved in writing in  
	vest and before they expire as described  	  	accordance with your employer’s Leave of  
	below. The Employment Agreement  	  	Absence Policy and which does not  
	contains additional terms regarding the  	  	constitute a termination of employment as  
	exercisability of your Options under  	  	determined by Motorola or a Subsidiary or  
	certain circumstances.  	  	you are placed on Temporary Layoff (as  
	  	  	defined below) by Motorola or a  
	  	  	Subsidiary the following will apply:  

	Vesting of Options – Options will continue  	  	Definition of Terms  
	to vest in accordance with the vesting  	  	If a term is used but not defined, it has  
	schedule set forth above.  	  	the meaning given such term in the Plan.  
	  
	Exercising Options – You may exercise  	  	“Fair Market Value” is the closing price for  
	Options that are vested or that vest  	  	a share of Motorola common stock on the  
	during the Leave of Absence or Temporary  	  	date of grant or date of exercise,  
	Layoff.  	  	whichever is applicable. The official source  
	  	  	for the closing price is the New York Stock  
	Effect of Termination of Employment or  	  	Exchange Composite Transaction as  
	Service – If your employment or service is  	  	reported in the Wall Street Journal at  
	terminated during the Leave of Absence or  	  	www.online.wsj.com.  
	Temporary Layoff, the treatment of your  	  	  
	Options will be determined in accordance  	  	“Subsidiary” means an entity of which  
	with Section 5 of the Employment  	  	Motorola owns directly or indirectly at  
	Agreement.  	  	least 50% and that Motorola consolidates  
	  	  	for financial reporting purposes.  
	Other Terms  	  	  
	Method of Exercising – You must follow  	  	“Temporary Layoff” means a layoff or  
	the procedures for exercising options  	  	redundancy that is communicated as  
	established by Motorola from time to time.  	  	being for a period of up to twelve months  
	At the time of exercise, you must pay the  	  	and as including a right to recall under  
	Exercise Price for all of the Options being  	  	defined circumstances.  
	exercised and any taxes that are required  	  	  
	to be withheld by Motorola or a Subsidiary  	  	Consent to Transfer Personal Data  
	in connection with the exercise. Options  	  	By accepting this award, you voluntarily  
	may not be exercised for less than 50  	  	acknowledge and consent to the  
	shares unless the number of shares  	  	collection, use, processing and transfer of  
	represented by the Option is less than 50  	  	personal data as described in this  
	shares, in which case the Option must be  	  	paragraph. You are not obliged to  
	exercised for the remaining amount.  	  	consent to such collection, use, processing  
	  	  	and transfer of personal data. However,  
	Transferability – Unless the Committee  	  	failure to provide the consent may affect  
	provides, Options are not transferable  	  	your ability to participate in the Plan.  
	other than by will or the laws of descent  	  	Motorola, its Subsidiaries and your  
	and distribution.  	  	employer hold certain personal  
	  	  	information about you, that may include  
	Tax Withholding – Motorola or a  	  	your name, home address and telephone  
	Subsidiary is entitled to withhold an  	  	number, date of birth, social security  
	amount equal to the required minimum  	  	number or other employee identification  
	statutory withholding taxes for the  	  	number, salary, salary grade, hire date,  
	respective tax jurisdictions attributable to  	  	nationality, job title, any shares of stock  
	any share of common stock deliverable in  	  	held in Motorola, or details of all options  
	connection with the exercise of the  	  	or any other entitlement to shares of  
	Options. You may satisfy any minimum  	  	stock awarded, canceled, purchased,  
	withholding obligation and additional  	  	vested, or unvested, for the purpose of  
	withholding, if desired, by electing to have  	  	managing and administering the Plan  
	the plan administrator retain Option  	  	(“Data”). Motorola and/or its Subsidiaries  
	shares having a Fair Market Value on the  	  	will transfer Data amongst themselves as  
	date of exercise equal to the amount to be  	  	necessary for the purpose of  
	withheld.  	  	implementation, administration and  
	  	  	management of your participation in the  
	  	  	Plan, and Motorola and/or any of its  

B-2 

	Subsidiaries may each further transfer  	  	The value of your stock option awarded  
	Data to any third parties assisting  	  	herein is an extraordinary item of  
	Motorola in the implementation,  	  	compensation. Except as provided in the  
	administration and management of the  	  	Employment Agreement, the stock option  
	Plan. These recipients may be located  	  	is not part of normal or expected  
	throughout the world, including the United  	  	compensation for purposes of calculating  
	States. You authorize them to receive,  	  	any severance, resignation, redundancy,  
	possess, use, retain and transfer the Data,  	  	end of service payments, bonuses, long-  
	in electronic or other form, for the  	  	service awards, pension, or retirement  
	purposes of implementing, administering  	  	benefits or similar payments,  
	and managing your participation in the  	  	notwithstanding any provision of any  
	Plan, including any requisite transfer of  	  	compensation, insurance agreement or  
	such Data as may be required for the  	  	benefit plan to the contrary,  
	administration of the Plan and/or the  	  	  
	subsequent holding of shares of stock on  	  	Substitute Stock Appreciation Right  
	your behalf to a broker or other third  	  	Subject to compliance with Section 409A  
	party with whom you may elect to deposit  	  	of the Internal Revenue Code of 1986, as  
	any shares of stock acquired pursuant to  	  	amended, Motorola reserves the right to  
	the Plan. You may, at any time, review  	  	substitute a Stock Appreciation Right for  
	Data, require any necessary amendments  	  	your Option in the event certain changes  
	to it or withdraw the consents herein in  	  	are made in the accounting treatment of  
	writing by contacting Motorola; however,  	  	stock options. Any substitute Stock  
	withdrawing your consent may affect your  	  	Appreciation Right shall be applicable to  
	ability to participate in the Plan.  	  	the same number of shares as your  
	  	  	Option and shall have the same Date of  
	Acknowledgement of Discretionary  	  	Expiration, Exercise Price, and other terms  
	Nature of the Plan; No Vested Rights  	  	and conditions. Any substitute Stock  
	You acknowledge and agree that the Plan  	  	Appreciation Right may be settled only in  
	is discretionary in nature and limited in  	  	common stock.  
	duration, and may be amended, cancelled,  	  	  
	or terminated by Motorola or a Subsidiary,  	  	Acceptance of Terms and Conditions  
	in its sole discretion, at any time. The  	  	By accepting the Options, you agree to be  
	grant of awards under the Plan is a one-  	  	bound by these terms and conditions, the  
	time benefit and does not create any  	  	Plan and the Stock Option Consideration  
	contractual or other right to receive an  	  	Agreement .  
	award in the future or to future  	  	  
	employment. Nor shall this or any such  	  	Other Information about Your Options  
	grant interfere with your right or the  	  	and the Plan  
	Company’s right to terminate such  	  	You can find other information about  
	employment relationship at any time, with  	  	options and the Plan on the Motorola  
	or without cause, to the extent permitted  	  	website  
	by applicable laws and any enforceable  	  	http://myhr.mot.com/pay_finances/award  
	agreement between you and the  	  	s_incentives/stock_options/plan_documen  
	Company. Future grants, if any, will be at  	  	ts.jsp. If you do not have access to the  
	the sole discretion of Motorola, including,  	  	website, please contact Motorola Global  
	but not limited to, the timing of any grant,  	  	Rewards, 1303 E. Algonquin Road,  
	the amount of the award, vesting  	  	Schaumburg, IL 60196 USA;  
	provisions, and the exercise price.  	  	GBLRW01@Motorola.com; 847-576-7885;  
	  	  	for an order form to request Plan  
	No Relation to Other  	  	documents.  
	Benefits/Termination Indemnities  	  	  
	Your acceptance of this award and  	  	  
	participation under the Plan is voluntary.  	  	  

B-3 

EXHIBIT C

                

STOCK OPTION CONSIDERATION AGREEMENT

GRANT DATE: [___]

The following Agreement is established to protect the trade secrets, intellectual property, confidential information, customer relationships and goodwill of Motorola, Inc. (“Motorola” or the “Company”) and each of its subsidiaries (the “Company”) both as defined in the Motorola Omnibus Incentive Plan of 2006 (the “2006 Plan”). Reference is made to the employment agreement (“Employment Agreement’) by and between [___] and Motorola, dated as of the [___] day of [___].

As consideration for the stock option(s) granted to me on the date shown above under the terms of the 2006 Plan (the “Covered Options”), and Motorola having provided me with Confidential Information (as defined in the Employment Agreement) as Chief Executive Officer of the mobile devices business of Motorola, I agree to the following:

1.          Sections 7(a), (b) and (c) (together, the “Restrictive Covenants”) of the Employment Agreement are hereby incorporated by reference into this Agreement and shall apply as if fully set forth herein mutatis mutandis and any capitalized terms used in such Sections 7(a), (b) and (c) shall have the meanings ascribed to such terms in the Employment Agreement. I acknowledge that my agreement to the Restrictive Covenants is a condition of the grant of the Covered Options.

[2.          I acknowledge that the Covered Options are subject to the terms and conditions of the Company’s Policy Regarding Recoupment of Incentive Payments upon Financial Restatement, as such policy is in effect on the grant date set forth above (such policy, as it may be amended from time to time, being the “Recoupment Policy”). The Recoupment Policy provides for determinations by the Company’s independent directors that, as a result of intentional misconduct by me, the Company’s financial results were restated (a “Policy Restatement”). In the event of a Policy Restatement, the Company’s independent directors may require, among other things (a) cancellation of any of the Covered Options that remain outstanding; and/or (b) reimbursement of any gains realized in respect of the Covered Options, if and to the extent the conditions set forth in the Recoupment Policy apply. Any determinations made by the independent directors in accordance with the Recoupment Policy shall be binding upon me. The Recoupment Policy is in addition to any other remedies which may be otherwise available at law, in equity or under contract, to the Company.] [Note: Bracketed text not included in make-whole award document; Recoupment Policy shall not apply to make-whole awards.]

[3.          I agree that by accepting the Covered Options, if I violate the Restrictive Covenants, then, in addition to any other remedies available in law and/or equity in any country, all of my vested and unvested Covered Options will terminate and no longer be exercisable, and for all Covered Options exercised within one year prior to the termination of my employment for any reason or anytime after termination of my employment for any reason, I will immediately pay to the Company the difference between the exercise price on the date of grant as reflected in the Award Document for the Covered Options and the market price

of the Covered Options on the date of exercise (the “spread”).] [Note: Bracketed text not included in make-whole/inducement award document.] 

4.          The Restrictive Covenants can be waived or modified only upon the prior written consent of Motorola, Inc. (or, following a Separation Event (as defined in the Employment Agreement) or Other Transaction Event (as defined in the Employment Agreement), MDB Public (as defined in the Employment Agreement) or MDB Other (as defined in the Employment Agreement), as applicable). 

5.          I acknowledge that the promises in this Agreement, not any employment of or services performed by me in the course and scope of that employment, are the sole consideration for the Covered Options. I agree the Company shall have the right to assign this Agreement which shall not affect the validity or enforceability of this Agreement, subject to the limitations on assignment contained in the Employment Agreement. This Agreement shall inure to the benefit of the assigns and successors of the Company’s mobile devices business and that references to Motorola or the Company shall include any such assigns and successors. For the avoidance of doubt, Motorola may unilaterally assign this Agreement to MDB Public (as defined in the Employment Agreement) or MDB Other (as defined in the Employment Agreement). 

6.          I acknowledge that the harm caused to the Company by the breach or anticipated breach of the Restrictive Covenants will be irreparable and I agree the Company may obtain injunctive relief against me in addition to and cumulative with any other legal or equitable rights and remedies the Company may have pursuant to this Agreement, any other agreements between me and the Company for the protection of the Company’s Confidential Information (as defined in the Employment Agreement), or law, including the recovery of liquidated damages. I agree that any interim or final equitable relief entered by a court of competent jurisdiction, as specified in paragraph 10 below, will, at the request of the Company, be entered on consent and enforced by any such court having jurisdiction over me. This relief would occur without prejudice to any rights either party may have to appeal from the proceedings that resulted in any grant of such relief.

7.          With respect to the Covered Options, this Agreement (and any provisions of the Employment Agreement incorporated into this Agreement) is my entire agreement with the Company. No waiver of any breach of any provision of this Agreement by the Company shall be construed to be a waiver of any succeeding breach or as a modification of such provision. The provisions of this Agreement shall be severable and in the event that any provision of this Agreement shall be found by any court as specified in paragraph 9 below to be unenforceable, in whole or in part, the remainder of this Agreement shall nevertheless be enforceable and binding on the parties. I also agree that the court may modify any invalid, overbroad or unenforceable term of this Agreement so that such term, as modified, is valid and enforceable under applicable law. Further, I affirmatively state that I have not, will not and cannot rely on any representations not expressly made herein. 

8.          I accept the terms of this Agreement and the above option(s) to purchase shares of the Common Stock of the Company, subject to the terms of this Agreement, the 2006 Plan, and any Award Document issued pursuant thereto. I am familiar with the 2006 Plan and agree to be bound by it to the extent applicable, as well as by the actions of the Company’s Board of Directors or any committee thereof. 

9.          I agree that this Agreement (and any provisions of the Employment Agreement incorporated into this Agreement) and the 2006 Plan, and any Award Document issued pursuant thereto, together constitute an agreement between the Company and me. I 

C-2

further agree that this Agreement is governed by the laws of Illinois, without giving effect to any state’s principles of Conflicts of Laws, and any legal action related to this Agreement shall be brought only in a federal or state court located in Illinois, USA. I accept the jurisdiction of these courts and consent to service of process from said courts solely for legal actions related to this Agreement and the Covered Options. 

 

 

	____________       		______________________________________		______________________________
	Date  	  	Signature  	  	Printed Name  
					______________________________
	  	  	  	  	Commerce ID  

IN ORDER FOR THE ABOVE-REFERENCED OPTION(S) TO BE AWARDED, THIS AGREEMENT, SIGNED AND DATED, MUST BE RETURNED TO MOTOROLA c/o EXECUTIVE REWARDS NO LATER THAN _________________. 

C-3 

Exhibit D 

The number of shares of MDB Public Common Stock subject to the MDB Public Stock Option (“Option Number”) shall equal the product of (1) 0.9 and (2) the difference between (a) the Total Grant Number minus (b) the Inducement Grant Number. 

“Total Grant Number” means the product of (1) 3.0% and (2) the Shares Outstanding.

“Shares Outstanding” means the number of shares of MDB Public Common Stock actually outstanding immediately following the Separation Event. 

“Inducement Grant Number” means the sum of (1) the number of shares of MDB Public Common Stock that would be issuable under the Inducement Stock Option (based on the original number of shares of Motorola Common Stock subject to the Inducement Stock Option on the date of grant of the Inducement Stock Option) immediately following the Separation Event and after giving effect to the adjustment contemplated by Section 3(b)(iii)(G) of the Agreement and (2) the number of shares of MDB Public Common Stock underlying the Inducement Restricted Stock Units (based on the original number of shares of Motorola Common Stock underlying the Inducement Restricted Stock Units on the date of grant of the Inducement Restricted Stock Units) immediately following the Separation Event and after giving effect to the adjustment contemplated by Section 3(b)(iii)(G) of the Agreement. 

Exhibit E 

The number of shares of MDB Public Common Stock underlying the MDB Public Restricted Shares (“Restricted Shares Number”) shall equal the product of (1) 0.1 and (2) the difference between (a) the Total Grant Number minus (b) the Inducement Grant Number. 

“Total Grant Number” means the product of (1) 3.0% and (2) the Shares Outstanding.

“Shares Outstanding” means the number of shares of MDB Public Common Stock actually outstanding immediately following the Separation Event. 

“Inducement Grant Number” means the sum of (1) the number of shares of MDB Public Common Stock that would be issuable under the Inducement Stock Option (based on the original number of shares of Motorola Common Stock subject to the Inducement Stock Option on the date of grant of the Inducement Stock Option) immediately following the Separation Event and after giving effect to the adjustment contemplated by Section 3(b)(iii)(G) of the Agreement and (2) the number of shares of MDB Public Common Stock underlying the Inducement Restricted Stock Units (based on the original number of shares of Motorola Common Stock underlying the Inducement Restricted Stock Units on the date of grant of the Inducement Restricted Stock Units) immediately following the Separation Event and after giving effect to the adjustment contemplated by Section 3(b)(iii)(G) of the Agreement. 

     EXHIBIT F 

Form of Release 

          (a)     In consideration for the payment of the severance described in the Executive employment agreement with the Company (the “Employment Agreement”), dated as of [___], the Executive for himself, and for his heirs, administrators, representatives, executors, successors and assigns (collectively “Releasers”) does hereby irrevocably and unconditionally release, acquit and forever discharge the Company, its subsidiaries, affiliates and divisions and their respective, current and former, trustees, officers, directors, partners, shareholders, agents, employees, consultants, independent contractors and representatives, in their individual capacities as such, including without limitation all persons acting by, through under or in concert with any of them (collectively, “Releasees”), and each of them from any and all charges, complaints, claims, liabilities, obligations, promises, agreements, controversies, damages, remedies, actions, causes of action, suits, rights, demands, costs, losses, debts and expenses (including attorneys’ fees and costs) of any nature whatsoever, known or unknown, whether in law or equity and whether arising under federal, state or local law and in particular including any claim for discrimination based upon race, color, ethnicity, sex, age (including the Age Discrimination in Employment Act of 1967), national origin, religion, disability, or any other unlawful criterion or circumstance, which the Executive and Releasers had, now have, or may have in the future against each or any of the Releasees (collectively “Executive/Releaser Actions”) from the beginning of the world until the date hereof. 

          (b)     The Executive acknowledges that: (i) this entire Release is written in a manner calculated to be understood by him; (ii) he has been advised to consult with an attorney before executing this Release; (iii) he was given a period of twenty-one days within which to consider this Release; and (iv) to the extent he executes this Release before the expiration of the twenty-one day period, he does so knowingly and voluntarily and only after consulting his attorney. The Executive shall have the right to cancel and revoke this Release by delivering notice to the Company pursuant to the notice provision of Section 10 of the Employment Agreement prior to the expiration of the seven-day period following the date hereof or any longer period required under applicable state law, and the severance benefits under the Employment Agreement shall not become effective, and no payments or benefits shall be made or provided thereunder, until the day after the expiration of such seven-day period (the “Revocation Date”). Upon such revocation, this Release and the severance provisions of the Employment Agreement shall be null and void and of no further force or effect. 

          (c)     Notwithstanding anything herein to the contrary, the sole matters to which the Release do not apply are: (i) the Executive’s rights of indemnification (including the rights set forth in Section 12 of the Employment Agreement) and directors and officers liability insurance coverage (including the rights set forth in Section 11 of the Employment Agreement) to which he was entitled immediately prior to ________ with regard to his service as an officer or director of the Company or other fiduciary capabilities; (ii) the Executive’s rights under any tax-qualified pension or claims for accrued vested benefits or rights under any other employee benefit plan, policy or arrangement (whether tax-qualified or not) maintained by the Company or under COBRA; (iii) the Executive’s rights under Section 5 of the Employment Agreement, Section 6 of the Employment Agreement solely to the extent it relates to reimbursement of legal costs and expenses and Section 8 of the Employment Agreement which are intended to survive termination of employment; (iv) any claims or rights that cannot be waived by law, including the right to file an administrative charge for discrimination; or (v) the Executive’s rights as a stockholder of the Company. 

          (d)     This Release is the complete understanding between the Executive and the Company in respect of the subject matter of this Release and supersedes all prior agreements relating to the same subject matter. The Executive has not relied upon any representations, promises or agreements of any kind except those set forth herein in signing this Release. 

          (e)     In the event that any provision of this Release should be held to be invalid or unenforceable, each and all of the other provisions of this Release shall remain in full force and effect. If any provision of this Release is found to be invalid or unenforceable, such provision shall be modified as necessary to permit this Release to be upheld and enforced to the maximum extent permitted by law. 

          (f)     This Release shall be governed by and construed in accordance with the laws of the State of Illinois, without reference to principles of conflict of laws. 

          (g)     This Release inures to the benefit of the Company and its successors and assigns. 

	____________________________________
	EXECUTIVE  

F-2Exhibit 4.09

       

      ROPER INDUSTRIES,
INC.

      

      Officer’s
Certificate

      

      Reference is made to the Indenture dated
as of August 4,
2008 (the “Indenture”) between Roper Industries, Inc.
(the “Issuer,”) and
Wells Fargo Bank, National Association, as trustee (the “Trustee”).  The
Trustee is the trustee for any and all securities issued under the
Indenture.  Pursuant to
Section 2.01 and Section
2.03 of the Indenture the undersigned officer does hereby certify, in connection with the
issuance of $500,000,000 aggregate principal amount of 6.625% Notes due 2013 (the “Notes”) that the terms of the
Notes are as follows:

      

      Capitalized terms used but not otherwise
defined herein shall have the meanings specified in the
Indenture.

      

      
        	
                Title:

              	 	
                6.625%
      Notes due 2013

              
	 
      	 	 
      
	
                Issuer:

              	 	
                Roper
      Industries, Inc.

              
	 
      	 	 
      
	
                Trustee, Registrar, Transfer
      Agent, Authenticating Agent, and Paying Agent:

              	 	
                Wells
      Fargo Bank, National Association

              
	 
      	 	 
      
	
                Aggregate Principal Amount at
      Maturity:

              	 	
                $500,000,000

              
	 
      	 	 
      
	
                Principal Payment
      Date:

              	 	
                August
      15, 2013

              
	 
      	 	 
      
	
                Interest:

              	 	
                6.625%
      per annum

              
	 
      	 	 
      
	
                Date from which Interest will
      Accrue:

              	 	
                August
      4, 2008

              
	 
      	 	 
      
	
                Interest Payment
      Dates:

              	 	
                February
      15 and August 15, commencing on February 15, 2009

              
	 
      	 	 
      
	
                Redemption:

              	 	
                The
      Issuer may at its option redeem the Notes in whole or in part, at any time
      or from time to time prior to their maturity, on at least 30 days, but not
      more than 60 days, prior notice mailed to the registered address of each
      holder of the Notes, at a redemption price, calculated by the Issuer,
      equal to the greater of:

                 

                (i)
      100% of the principal amount of the Notes being redeemed;
    or

              

      

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

       

      
        	 
      	 	
                (ii)
      the sum of the present values of the remaining scheduled payments of
      principal and interest thereon (exclusive of interest accrued as of the
      date of redemption) discounted to the redemption date on a semiannual
      basis (assuming a 360-day year consisting of twelve 30-day months) of the
      Notes being redeemed at the Treasury Rate (as defined in the Notes) plus
      50 basis points,

                 

                
                  plus,
      in each case, accrued interest thereon to the date of
      redemption.

                

              
	 	 	 
	
                Conversion:

              	 	
                None

              
	 
      	 	 
      
	
                Sinking
    Fund:

              	 	
                None

              
	 
      	 	 
      
	
                Denominations:

              	 	
                $2,000 and multiples of $1,000
      thereafter

              
	 
      	 	 
      
	
                Miscellaneous:

              	 	
                The
      terms of the Notes shall
      include such other terms as are set forth in the form of Notes
      attached
      hereto as Exhibit
      A and
      in the Indenture.

              

      

      

      Subject to the representations,
warranties and covenants described in the Indenture, as amended or supplemented
from time to time, the Issuer shall be entitled, subject to authorization by the
Board of Directors of the Issuer and an Officer’s Certificate, to issue
additional notes from time to time under each series of notes issued hereby. Any
such additional notes of a series shall have identical terms as the Notes issued
on the issue date, other than with respect to the date of issuance and the issue
price (together the “Additional
Notes”). Any Additional
Notes will be issued in accordance with Section 2.03 of the
Indenture.

       

      Such officer has read and understands
the provisions of the Indenture and the definitions relating
thereto.  The statements made in this Officer’s Certificate are based
upon the examination of the provisions of the Indenture and upon the relevant
books and records of the Issuer.  In such officer’s opinion, he has
made such examination or investigation as is necessary to enable such officer to
express an informed opinion as to whether or not the covenants and conditions of
such Indenture relating to the issuance and authentication of the Notes have
been complied with.  In such officer’s opinion, such covenants and
conditions have been complied with.

       

      [Signature Page
Follows]

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      IN WITNESS
WHEREOF, I have signed this certificate.

       

      Dated:    August 4,
2008

       

      
        	
                ROPER
      INDUSTRIES, INC.

              	 
	 	 	 
	
                By:

              	 
      	 
	 
      	
                Name:

              	
                David
      B. Liner

              	 
	 
      	
                Title:

              	
                Vice
      President, General Counsel and Secretary

              	 

      

      
 

      

      

      

      [Signature Page to
Officer’s Certificate pursuant to the Indenture]

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
 

       

      EXHIBIT
A

       

      

       

      [FORM OF
NOTES DUE 2013]

       

      UNLESS
THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS
AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF
DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO
ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO.,
HAS A BENEFICIAL INTEREST HEREIN.

       

      TRANSFERS
OF THIS NOTE ARE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF
DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF
PORTIONS OF THIS GLOBAL NOTE ARE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH
THE TRANSFER PROVISIONS OF THE INDENTURE.

       

      IN CONNECTION WITH ANY TRANSFER, THE
HOLDER WILL DELIVER TO THE REGISTRAR AND TRANSFER AGENT SUCH CERTIFICATES AND
OTHER INFORMATION AS SUCH TRANSFER AGENT MAY REASONABLY REQUIRE TO CONFIRM THAT
THE TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS.

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      ROPER
INDUSTRIES, INC.

      6.625%
Notes due 2013

      

      
        
          	
                  No.
      ___

                	
                  CUSIP
      No.: 776696AB2

                
	 
      	
                  ISIN
      No.: US 776696AB27

                
	 
      	 
      
	 
      	
                  $_____________

                

        

      

      
 

      ROPER
INDUSTRIES, INC., a Delaware corporation (the “Issuer”), for value received
promises to pay to CEDE & CO. or registered assigns the principal sum of
_________________ UNITED STATES DOLLARS
on August 15,
2013.

       

      Interest
Payment Dates:  February 15 and August 15 (each, an “Interest Payment Date”),
commencing on February 15, 2009.

       

      Interest
Record Dates:  February 1 and August 1 (each, an “Interest Record
Date”).

       

      Reference
is made to the further provisions of this Note contained herein, which will for
all purposes have the same effect as if set forth at this place.

       

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      IN WITNESS
WHEREOF, the Issuer has caused this Note to be signed manually or by facsimile
by its duly authorized officers.

       

      

      
        	
                ROPER
      INDUSTRIES, INC.

              	 
	 	 
	
                By:

              	 
      	 
	 
      	
                Name:
      David B. Liner

              	 
	 
      	
                Title:
      Vice President, General Counsel and Secretary

              	 

      

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      

      This is
one of the Notes of the series designated herein and referred to in the
within-mentioned Indenture.

       

      Dated:  August
4, 2008

      
        

        
          	
                  Wells
      Fargo Bank, N.A.,
as Trustee

                	 
	 	 
	
                  By:

                	 
      	 
	 
      	
                  Authorized
      Signatory

                	 

        

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      

       

       

      (REVERSE
OF NOTE)

       

      ROPER
INDUSTRIES, INC.

      6.625%
Notes due 2013

       

      

      1. Interest.

       

      Roper
Industries, Inc. (the “Issuer”) promises to pay
interest on the principal amount of this Note at the rate per annum described
above (the “Original Interest
Rate”), subject to adjustments as provided in Section 6
hereof.  Cash interest on the Notes will accrue from the most recent
date to which interest has been paid; or, if no interest has been paid, from
August 4, 2008.  Interest on this Note will be paid to but excluding
the relevant Interest Payment Date or on such earlier date as the principal
amount shall become due in accordance with the provisions hereof.  The
Issuer will pay interest semi-annually in arrears on each Interest Payment Date,
commencing February 15, 2009.  Interest will be computed on the basis
of a 360-day year consisting of twelve 30-day months.

       

      The Issuer
shall pay interest on overdue principal from time to time on demand at the rate
borne by the Notes and on overdue installments of interest (without regard to
any applicable grace periods) to the extent lawful.

       

      2. Paying
Agent.

       

      Initially,
Wells Fargo Bank, N.A. (the “Trustee”) will act as paying
agent.  The Issuer may change any paying agent without notice to the
Holders.

       

      3. Indenture;
Defined Terms.

       

      This Note
is one of the 6.625% Notes due 2013 (the “Notes”) issued under an
indenture dated as of August
4, 2008 (the “Base
Indenture”) by and
between the Issuer and the Trustee, and established pursuant to an Officer’s
Certificate dated August 4,
2008, issued pursuant to Section 2.01 and Section 2.03 thereof (together, the
“Indenture”).  This
Note is a “Security” and the Notes are “Securities” under the
Indenture.

      

      For
purposes of this Note, unless otherwise defined herein, capitalized terms herein
are used as defined in the Indenture.  The terms of the Notes include
those stated in the Indenture and those made part of the Indenture by reference
to the Trust Indenture Act of 1939 (15 U.S.C. Sections 77aaa-77bbbb) (the “TIA”) as in effect on the date
on which the Indenture was qualified under the TIA.  Notwithstanding
anything to the contrary herein, the Notes are subject to all such 

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      terms, and
holders of Notes are referred to the Indenture and the TIA for a statement of
them.  To the extent the terms of the Indenture and this Note are
inconsistent, the terms of the Indenture shall govern.

       

      4. Denominations;
Transfer; Exchange.

       

      The Notes
are in registered form, without coupons, in denominations of $2,000 and
multiples of $1,000 thereafter.  A Holder shall register the transfer
or exchange of Notes in accordance with the Indenture.  The Issuer may
require a Holder, among other things, to furnish appropriate endorsements and
transfer documents and to pay certain transfer taxes or similar governmental
charges payable in connection therewith as permitted by the
Indenture.  The Issuer need not issue, authenticate, register the
transfer of or exchange any Notes or portions thereof for a period of fifteen
(15) days before the mailing of a notice of redemption, nor need the Issuer
register the transfer or exchange of any Note selected for redemption in whole
or in part.

       

      5. Amendment;
Supplement; Waiver.

       

      Subject to
certain exceptions, the Notes and the provisions of the Indenture relating to
the Notes may be amended or supplemented and any existing default or Event of
Default or compliance with certain provisions may be waived with the written
consent of the Holders of at least a majority in aggregate principal amount of
all series of Outstanding Securities (including the Notes) under the Indenture
that are affected by such amendment, supplement or waiver (voting together as a
single class).  Without notice to or consent of any Holder, the
parties thereto may amend or supplement the Indenture and the Notes to, among
other things, cure any ambiguity, defect or inconsistency or comply with any
requirements of the Commission in connection with the qualification of the
Indenture under the TIA, or make any other change that does not adversely affect
the rights of any Holder of a Note.

       

      6. Interest
Rate Adjustment.

       

      The
interest rate payable on the Notes will be subject to adjustments from time to
time if Moody’s Investors Service, Inc. (“Moody’s”) or Standard &
Poor’s Rating Services, a division of the McGraw-Hill Companies, Inc. (“S&P”), including their
respective successors, as applicable, (or, if applicable, any Substitute Rating
Agency (as defined below)) downgrades (or subsequently upgrades) the rating
assigned to the Notes, as set forth in this Section 6.

       

      If the
ratings from Moody’s or S&P (or, in either case if applicable, any
Substitute Rating Agency) with respect to the Notes (each an “Interest Rate Rating Agency,”
and collectively, the “Interest Rate Rating Agencies”) is decreased to a rating
set forth in the following table with respect to that Interest 

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      Rate
Rating Agency, the per annum interest rate on the Notes will increase from the
Original Interest Rate by the percentage set forth opposite that
rating:

       

      
        	 
      	
                
                  Interest
      Rate Rating Agency

                

              
	
                
                  Rating
      Level

                

              	
                
                  Moody’s*

                

              	 	
                
                  S&P*

                

              	 	
                
                  Percentage

                

              
	
                1                                                     

              	
                Ba1

              	 	
                BB+

              	 	
                0.25%

              
	
                2                                                     

              	
                Ba2

              	 	
                BB

              	 	
                0.50%

              
	
                3                                                     

              	
                Ba3

              	 	
                BB–

              	 	
                0.75%

              
	
                4                                                     

              	
                B1
      or below

              	 	
                B+
      or below

              	 	
                1.00%

              

      

      
        

      

      
        	
                 
      

              	
                *
      Including the equivalent ratings of any Substitute Rating
      Agency.

              

      

      

      If, at any
time, the interest rate on the Notes has been adjusted upward as a result of a
decrease in a rating by an Interest Rate Rating Agency and that Interest Rate
Rating Agency subsequently increases its rating on the Notes to any of the
threshold ratings set forth above, the per annum interest rate on the Notes will
be decreased such that the per annum interest rate equals the Original Interest
Rate plus the percentage set forth opposite the rating in effect immediately
following the increase in the table above; provided that if Moody’s or
any Substitute Rating Agency subsequently increases its rating on the Notes to
“Baa3” (or its equivalent if with respect to any Substitute Rating Agency) or
higher and S&P or any Substitute Rating Agency subsequently increases its
rating on the Notes to “BBB-“ (or its equivalent if with respect to any
Substitute Rating Agency) or higher, or one of those ratings if the Notes are
rated by only one Interest Rate Rating Agency, the per annum interest rate on
the Notes will be decreased to the Original Interest Rate.

       

      No
adjustment in the interest rate on the Notes shall be made solely as a result of
an Interest Rate Rating Agency ceasing to provide a rating. If at any time less
than two Interest Rate Rating Agencies provide a rating on the Notes, the Issuer
will use commercially reasonable efforts to obtain a rating on the Notes from
another “nationally recognized statistical rating organization” within the
meaning of Rule 15c3-1(c)(2)(vi)(F) under the Exchange Act, to the extent one
exists, and if another nationally recognized statistical rating organization
rates the Notes (such organization, as certified by a resolution of our board of
directors, a “Substitute Rating
Agency”), for purposes of determining any increase or decrease in the per
annum interest rate on the Notes pursuant to the table above, (1) such
Substitute Rating Agency will be substituted for the last Interest Rate Rating
Agency to provide a rating on the Notes but which has since ceased to provide
such rating, (2) the relative ratings scale used by such Substitute Rating
Agency to assign ratings to senior unsecured debt will be determined in good
faith by an independent investment banking institution of national standing
appointed 

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      by the
Issuer and, for purposes of determining the applicable ratings included in the
table above with respect to such Substitute Rating Agency, such ratings shall be
deemed to be the equivalent ratings used by Moody’s and S&P in such table,
and (3) the per annum interest rate on the Notes shall increase or decrease, as
the case may be, such that the interest rate per annum equals the Original
Interest Rate plus the appropriate percentage, if any, set forth opposite the
rating from such Substitute Rating Agency in the table above (after giving
effect to the provisions of clause (2) above). For so long as (a) only one
Interest Rate Rating Agency provides a rating on the Notes, any increase or
decrease in the interest rate on the Notes necessitated by a reduction or
increase in the rating by that Interest Rate Rating Agency shall be twice the
applicable percentage set forth in the table above and (b) no Interest Rate
Rating Agency provides a rating on the Notes, the per annum interest rate on the
Notes will equal the Original Interest Rate plus 2.00%. If Moody’s or S&P
shall cease to rate the Notes or make a rating of the Notes publicly available
for reasons within the Issuer’s control, the Issuer shall not be entitled to
obtain a rating from a Substitute Rating Agency and the increase or decrease in
the per annum interest rate on the Notes shall be determined in the manner
described above as if either only one or no Rating Agency provides a rating on
the Notes, as the case may be.

       

      Each
adjustment required by any decrease or increase in a rating set forth above,
whether occasioned by the action of Moody’s, S&P or any Substitute Rating
Agency, shall be made independent of (and in addition to) any and all other
adjustments. In no event shall (1) the per annum interest rate on the Notes be
reduced below the Original Interest Rate or (2) the per annum interest rate on
the Notes exceed the Original Interest Rate plus 2.00%.

       

      Any
interest rate increase or decrease described in this Section 6 shall take effect
on the next Business Day after the rating change has occurred.

       

      The
interest rates on the Notes will permanently cease to be subject to any
adjustment described above (notwithstanding any subsequent decrease in the
ratings by any Rating Agency) if the Notes become rated “Baa1” (or its
equivalent) or higher by Moody’s (or any Substitute Rating Agency) and “BBB+”
(or its equivalent) or higher by S&P (or any Substitute Rating Agency), or
one of those ratings if the Notes are rated by only one Interest Rate Rating
Agency, in each case with a stable or positive outlook.

       

      7. Redemption.

       

      The Issuer
may redeem the Notes in whole or in part, at its option, at any time or from
time to time prior to maturity on at least 30 days’, but not more than 60 days’,
prior notice mailed to the registered address of each Holder of the Notes (the
“Redemption
Date”).  The redemption price will be equal to the greater
of:

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      (i) 100%
of the principal amount of the Notes to be redeemed; or

       

      (ii) the
sum of the present values of the Remaining Scheduled Payments discounted to the
Redemption Date, on a semi-annual basis (assuming a 360-day year consisting of
twelve 30-day months), at a rate equal to the sum of the Treasury
Rate  plus 50 basis points,

       

      plus, in
each case, accrued interest thereon to the Redemption Date.

       

      Notwithstanding
the foregoing, installments of interest on Notes that are due and payable on
interest payment dates falling on or prior to a Redemption Date will be payable
on the interest payment date to the registered Holders as of the close of
business on the relevant record date according to the Notes and the
Indenture.

       

      “Treasury Rate” means, with
respect to any Redemption Date, the rate per annum equal to the semi-annual
equivalent yield to maturity or interpolation (on a day count basis) of the
interpolated Comparable Treasury Issue, assuming a price for the Comparable
Treasury Issue (expressed as a percentage of its principal amount) equal to the
Comparable Treasury Price for such Redemption Date.

       

      “Comparable Treasury Issue”
means the United States Treasury security or securities selected by an
Independent Investment Banker as having an actual or interpolated maturity
comparable to the remaining term of the Notes to be redeemed that would be
utilized, at the time of selection and in accordance with customary financial
practice, in pricing new issues of corporate debt securities of a comparable
maturity to the remaining term of such Notes.

       

      “Comparable Treasury Price”
means, with respect to any Redemption Date, (1) the average of the
Reference Treasury Dealer Quotations for such Redemption Date after excluding
the highest and lowest of such Reference Treasury Dealer Quotations, or
(2) if the Trustee obtains fewer than four such Reference Treasury Dealer
Quotations, the average of all such quotations.

       

      “Independent Investment Banker”
means one of the Reference Treasury Dealers, appointed by the Trustee after
consultation with the Issuer.

       

      “Reference Treasury Dealer”
means Banc of America Securities LLC, J.P. Morgan Securities Inc. or one other
Primary Treasury Dealer selected by Wachovia Capital Markets, LLC and their
respective affiliates, and their respective successors and one other nationally
recognized investment banking firm that is a primary U.S. government securities
dealer in the City of New York (a “Primary Treasury Dealer”) as
selected by the Issuer.  If any of the foregoing or their affiliates
shall cease to be a Primary Treasury Dealer, the Issuer shall substitute
therefor another Primary Treasury Dealer.

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      “Reference Treasury Dealer
Quotations” means, with respect to each Reference Treasury Dealer and any
Redemption Date, the average, as determined by the Trustee, of the bid and ask
prices for the Comparable Treasury Issue (expressed in each case as a percentage
of its principal amount) quoted in writing to the Trustee by such Reference
Treasury Dealer at 3:30 p.m., New York City time, on the third Business Day
preceding such Redemption Date.

       

      “Remaining Scheduled Payments”
means, with respect to each Note to be redeemed, the remaining scheduled
payments of principal of and interest on the Note that would be due after the
related Redemption Date but for the redemption.  If that Redemption
Date is not an Interest Payment Date with respect to a Note, the amount of the
next succeeding scheduled interest payment on the Note will be reduced by the
amount of interest accrued on the Note to the Redemption Date.

       

      On and
after the Redemption Date, interest will cease to accrue on the Notes or any
portion of the Notes called for redemption, unless the Issuer defaults in the
payment of the redemption price and accrued interest.  On or before
the Redemption Date, the Issuer will deposit with a paying agent or the Trustee
money sufficient to pay the redemption price of, and accrued interest on, the
Notes to be redeemed on that date.

       

      No Notes
of a principal amount of $2,000 or less shall be redeemed in
part.  Notice of redemption will be mailed by first-class mail at
least 30 but not more than 60 days before the Redemption Date to each Holder of
Notes to be redeemed at its registered address.  If any Note is to be
redeemed in part only, the notice of redemption that relates to such Note shall
state the portion of the principal amount thereof to be redeemed.  A
new Note in principal amount equal to the unredeemed portion thereof will be
issued in the name of the Holder thereof upon cancellation of the original
Note.  On and after the Redemption Date, interest will cease to accrue
on Notes or portions thereof called for redemption as long as the Issuer has
deposited with the paying agent funds in satisfaction of the applicable
redemption price.

       

      Notice of
any redemption will be mailed at least 30 days but not more than
60 days before the redemption date to each Holder of the Notes to be
redeemed. Unless the Issuer defaults in payment of the redemption price, on and
after the Redemption Date, interest will cease to accrue on the Notes or
portions thereof called for redemption. If less than all of the Notes are to be
redeemed, selection of the Notes for redemption will be made by the Trustee in
compliance with the requirements of the principal national securities exchange,
if any, on which the Notes are listed; or, if the Notes are not so listed, on a
pro rata basis, by lot
or by such method as the Trustee shall deem fair and appropriate.

       

      8. Offer to
Repurchase Upon Change of Control

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      Upon the
occurrence of a Change of Control Triggering Event with respect to the Notes, unless the
Issuer shall have exercised its right pursuant to Section 7 hereof to redeem the Notes, each Holder of Notes
shall have the right to require the Issuer to repurchase all or, at the Holder’s
option, any part (equal to $2,000 and any multiple of $1,000 in excess thereof),
of such Holder’s Notes (a “Change of Control Offer”) at a
repurchase price in cash equal to 101% of the aggregate principal amount of the
Notes repurchased plus accrued and unpaid interest, if any, on the Notes to be
repurchased, to, but excluding, the repurchase date (the “Change of Control
Payment”).

       

      Within 30
days following any Change of Control Triggering Event, the Issuer shall cause a
notice to be mailed to Holders of the Notes, with a copy to the Trustee,
describing the transaction or transactions that constitute the Change of Control
Triggering Event and offering to repurchase the Notes on the date specified in
the notice, which date shall be no earlier than 30 days and no later than 60
days from the date such notice is mailed (the “Change of Control Payment
Date”), pursuant to the procedures required by the Indenture and
described in such notice. The Issuer shall comply with the requirements of
applicable securities laws and regulations in connection with the repurchase of
the Notes as a result of a Change of Control Triggering Event.

       

      On the
Change of Control Payment Date, the Issuer shall, to the extent
lawful:

       

      (i)
     accept for
payment all Notes or portions of Notes properly tendered pursuant to the Change
of Control Offer;

       

      (ii)
    deposit
with the paying agent an amount equal to the Change of Control Payment in
respect of all Notes or portions of Notes properly tendered; and

       

      (iii)
   deliver or
cause to be delivered to the Trustee the Notes properly accepted together with
an Officer’s Certificate stating the aggregate principal amount of Notes or
portions of Notes being purchased by the Issuer.

       

      The paying
agent shall promptly mail, to each Holder who properly tendered Notes, the
repurchase price for such Notes, and the Trustee shall promptly authenticate and
mail (or cause to be transferred by book entry) to each such Holder a new Note
equal in principal amount to any unpurchased portion of the Notes surrendered,
if any; provided that each new Note will be in a principal amount of $2,000 or a
multiple of $1,000 in excess thereof.

       

      The Issuer
shall not be required to make a Change of Control Offer upon a Change of Control
Triggering Event if a third party makes the Change of Control Offer in the
manner, at the times and otherwise in compliance with the 

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      requirements
set forth in the Indenture applicable to a Change of Control Offer made by the
Issuer and purchases all Notes properly tendered and not withdrawn under such
Change of Control Offer. In the event that such third party terminates or
defaults its Change of Control Offer, the Issuer shall be required to make a
Change of Control Offer treating the date of such terminating or default as
though it were the date of the Change of Control Triggering Event.

       

      The Issuer
shall comply with the requirements of Rule 14e-1 under the Exchange Act and any
other securities laws and regulations to the extent such laws and regulations
are applicable in connection with the repurchase of Notes as a result of a
Change of Control Triggering Event. To the extent that the provision of any such
securities laws or regulations conflicts with this Section 8, the Issuer shall
comply with those securities laws and regulations and shall not be deemed to
have breached its obligations under this Section 8 by virtue of any such
conflict.

       

      For
purposes of this Section 8, the following terms will be applicable:

       

      “Change of Control” means the occurrence of any
one of the following: (1) the direct or indirect sale, lease, transfer,
conveyance or other disposition (other than by way of merger, amalgamation,
arrangement or consolidation), in one or a series of related transactions, of
all or substantially all of the Issuer’s properties or assets and those of its
subsidiaries, taken as a whole, to one or more persons, other than to the Issuer
or one of its subsidiaries; (2) the first day on which a majority of the members
of the Board of Directors is not composed of Continuing Directors; (3) the
consummation of any transaction including, without limitation, any merger,
amalgamation, arrangement or consolidation the result of which is that any
person becomes the beneficial owner, directly or indirectly, of more than 50% of
the Issuer’s Voting Stock; (4) the Issuer consolidates with, or merge with or
into, any person, or any person consolidates with, or merges with or into, the
Issuer, in any such event pursuant to a transaction in which any of the
outstanding Voting Stock of the Issuer or of such other person is converted into
or exchanged for cash, securities or other property, other than any such
transaction where the shares of the Issuer’s Voting Stock outstanding
immediately prior to such transaction constitute, or are converted into or
exchanged for, a majority of the Voting Stock of the surviving person
immediately after giving effect to such transaction; or (5) the adoption of a
plan relating to our liquidation or dissolution.  For the purposes of
this definition, “person” and “beneficial owner” have the meanings used in
Section 13(d) of the Exchange Act.

       

      “Change of Control Triggering
Event” means the
Notes cease to be rated Investment Grade by both Rating Agencies on any date
during the period (the “Trigger Period”) commencing 60 days prior to the first
public announcement of the Change of Control or the Issuer’s intention to effect
a Change of Control and ending 60 days following consummation of such Change of
Control, which Trigger Period will be extended following consummation of a
Change of Control for so long as any of the Rating Agencies has publicly
announced that it is 

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      considering
a possible ratings change.  Unless at least one Rating Agency is
providing a rating for the Notes at the commencement of any Trigger Period, the
Notes will be deemed to have ceased to be rated Investment Grade during that
Trigger Period.  Notwithstanding the foregoing, no Change of Control
Triggering Event will be deemed to have occurred in connection with any
particular Change of Control unless and until such Change of Control has
actually been consummated.

       

      “Continuing Directors” means, as of any date of
determination, any member of the Board of Directors who (1) was a member of the
Board of Directors on the Issue Date; or (2) was nominated for election, elected
or appointed to the Board of Directors with the approval of a majority of the
Continuing Directors who were members of the Board of Directors at the time of
such nomination, election or appointment (either by a specific vote or by
approval by such directors of the Issuer’s proxy statement in which such member
was named as a nominee for election as a director.)

       

      “Investment Grade” means a
rating equal to or higher than Baa3 (or the equivalent) by Moody’s or BBB- (or
the equivalent) by S&P, and the equivalent investment grade credit rating
from any replacement Rating Agency or Rating Agencies selected by the
Issuer.

       

      “Moody’s” means Moody’s
Investors Service, Inc., a subsidiary of Moody’s Corporation, and it
successors.

       

      “Rating Agencies” means (a)
each of Moody’s and S&P; and (b) if any of the Rating Agencies ceases to
provide rating services to issuers or investors, and no Change of Control
Triggering Event has occurred or is occurring, a “nationally recognized
statistical rating organization” within the meaning of Rule 15c3-1(c)(2)(vi)(F)
under the Exchange Act that is selected by the Issuer (as certified by a
resolution of the Board of Directors) as a replacement for Moody’s or S&P,
or both of them, as the case may be, and that is reasonably acceptable to the
Trustee.

       

      “S&P” means Standard &
Poor’s Rating Services, a division of The McGraw-Hill Companies, Inc., and its
successors.

       

      “Voting Stock” of any specified person as
of any date means the capital stock of such person that is at the time entitled
to vote generally in the election of the board of directors of such
person.

       

      9. Defaults
and Remedies.

       

      If an
Event of Default (other than certain bankruptcy Events of Default with respect
to the Issuer) under the Indenture occurs with respect to the Notes and is
continuing, then the Trustee may and, at the direction of the Holders of at

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      least 25%
in principal amount of all series of Outstanding Securities (including the
Notes) under the Indenture that are affected by such Event of Default (voting
together as a single class), shall by written notice, require the Issuer to
repay immediately the entire principal amount of the Outstanding Notes, together
with all accrued and unpaid interest and premium, if any. If a bankruptcy Event
of Default with respect to the Issuer occurs and is continuing, then the entire
principal amount of the Outstanding Notes will automatically become due
immediately and payable without any declaration or other act on the part of the
Trustee or any Holder.  Holders of Notes may not enforce the Indenture
or the Notes except as provided in the Indenture.  The Trustee is not
obligated to enforce the Indenture or the Notes unless it has received indemnity
as it reasonably requires.  The Indenture permits, subject to certain
limitations therein provided, Holders of a majority in aggregate principal
amount of the Outstanding Securities (including the Notes) affected (voting
together as a single class) to direct the Trustee in its exercise of any trust
or power.  The Trustee may withhold from Holders of Notes notice of
certain continuing defaults or Events of Default if it determines that
withholding notice is in their interest.

       

      10. Authentication.

       

      This Note
shall not be valid until the Trustee manually signs the certificate of
authentication on this Note.

       

      11. Abbreviations
and Defined Terms.

       

      Customary
abbreviations may be used in the name of a Holder of a Note or an assignee, such
as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties),
JT TEN (= joint tenants with right of survivorship and not as tenants in
common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors
Act).

       

      12. CUSIP
Numbers.

       

      Pursuant
to a recommendation promulgated by the Committee on Uniform Security
Identification Procedures, the Issuer has caused CUSIP numbers to be printed on
the Notes as a convenience to the Holders of the Notes.  No
representation is made as to the accuracy of such numbers as printed on the
Notes and reliance may be placed only on the other identification numbers
printed hereon.

       

      13. Governing
Law.

       

      The laws
of the State of New York shall govern the Indenture and this Note
thereof.

       

      
         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        
 

         

        
          
            

          

           

        

      

      ASSIGNMENT
FORM

       

      To assign
this Note, fill in the form below:

       

      I or we
assign and transfer this Note to

       

      (Print or
type assignee’s name, address and zip code)

       

      (Insert
assignee’s soc. sec. or tax I.D. No.)

       

      and
irrevocably appoint
                             
agent to transfer this Note on the books of the Issuer.  The agent may
substitute another to act for him.

       

      
        

         

          
            

          

        

         

        
        

         

        
          	
                  Date:

                	 	
                  Your
      Signature:   

                	 	 
	 	 	 	 	 
	 	 	 	 	 

        

         

      

      
        
           

          
            

          

        

      

      Sign
exactly as your name appears on the other side of this Note.

       

       

      
        	 
      	 
      	
                Signature

              
	
                Signature
      Guarantee:

              	 
      	 
      
	 	 	 
	
                Signature
      must be guaranteed

              	 
      	
                Signature

              

      

      

       

      Signatures
must be guaranteed by an “eligible guarantor institution” meeting the
requirements of the Registrar, which requirements include membership or
participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other
“signature guarantee program” as may be determined by the Registrar in addition
to, or in substitution for, STAMP, all in accordance with the United States
Securities Exchange Act of 1934, as amended.

      
         

          
            

          

        

         

        
          
            
            

          

          
            
            

            
            

          

          
            
            

          

        

         

      

      SCHEDULE
OF EXCHANGES OF NOTES

       

      The
following exchanges of a part of this Global Note for Physical Notes or a part
of another Global Note have been made:

       

      
        	
                
                  Date
      of Exchange

                

              	 	
                
                  Amount
      of decrease

                  in
      principal amount

                  of
      this Global Note

                

              	 	
                
                  Amount
      of increase

                  in
      principal amount

                  of
      this Global Note

                

              	 	
                
                  Principal
      amount of

                  this
      Global Note

                  following
      such

                  decrease
      (or

                  increase)

                

              	 	
                
                  Signature
      of

                  authorized
      officer of

                  Trustee

                

              
	 
      	 	 
      	 	 
      	 	 
      	 	 
      
	 
      	 	 
      	 	 
      	 	 
      	 	 
      

      

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      REPURCHASE
EXERCISE NOTICE UPON A CHANGE OF CONTROL

       

      To: Roper
Industries, Inc.

       

      The
undersigned registered owner of this Security hereby acknowledges receipt of a
notice from Roper Industries, Inc. (the “Issuer”) as to the occurrence
of a Change of Control Triggering Event with respect to the Issuer and hereby
directs the Issuer to pay, or cause the Trustee to pay,                                  
an amount in cash equal to 101% of the aggregate principal amount of the Notes,
or the portion thereof (which is $2,000 principal amount or a multiple of $1,000
in excess thereof) below designated, to be repurchased plus interest accrued to,
but excluding, the repurchase date, except as provided in the
Indenture.

       

      Dated:
_____________________

       

      Signature
_____________________________________

       

      Principal amount to be
repurchased (at least $2,000 or a multiple of $1,000 in excess thereof):
___________________________

       

      Remaining principal amount
following such repurchase: ___________________________

       

      By:          
__________________________________

      Authorized
Signatory

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00145-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00145-of-00352.parquet"}]]