Document:

John Bean Technologies Corporation Incentive Compensation and Stock Plan

 Exhibit 10.4 
 JOHN BEAN TECHNOLOGIES CORPORATION 
 INCENTIVE COMPENSATION AND STOCK PLAN 
 SECTION 1.        PURPOSE 
 The purpose of the Plan is to give the Company a competitive advantage in attracting, retaining and motivating officers, employees, directors and consultants of the Company and its Affiliates. 
 SECTION 2.        DEFINITIONS 
 2.1    General.  For purposes of the Plan, the following terms are defined as set forth below: 
  

	 	(a)	“Affiliate” means a corporation or other entity controlled by, controlling or under common control with the Company, including, without limitation, any
corporation, partnership, joint venture or other entity during any period in which at least a fifty percent (50%) voting or profits interest is owned, directly or indirectly, by the Company or any successor to the Company.

  

	 	(b)	“Annual Retainer” means the retainer fee established by the Board and paid to a Non-Employee Director for services on the Board for a specified year.

  

	 	(c)	“Award” means a Management Incentive Award, Stock Option, Stock Appreciation Right, Performance Unit, Stock Unit, Restricted Stock or other award authorized
under the Plan. 

  

	 	(d)	“Award Cycle” means a period of consecutive fiscal years or portions thereof designated by the Committee over which Awards are to be earned.

  

	 	(e)	“Board” means the Board of Directors of the Company. 

  

	 	(f)	“Business Unit” means a unit of the business of the Company or its Affiliates as determined by the Committee and the CEO. 

  

	 	(g)	“Capital Employed” means operating working capital plus net property, plant and equipment. 

  

	 	(h)	 “Cause” means (1) “Cause” as defined in any Individual Agreement to which the participant is a party, or (2) if there is
no such Individual Agreement, or, if it does not define “Cause”: (A) the participant having been convicted of, or pleading guilty or nolo contendere to, a felony under federal or state law; (B) the willful and continued failure
on the part of the participant to substantially perform his or her employment duties in any material respect (other than such failure resulting from Disability), after a written demand for substantial performance is delivered to the participant that
specifically identifies the manner in which the Company 

	 	 
believes the participant has failed to perform his or her duties, and after the participant has failed to resume substantial performance of his or her duties
within thirty (30) days of such demand; or (C) willful and deliberate conduct on the part of the participant that is materially injurious to the Company or an Affiliate; or (D) prior to a Change in Control, such other events as will
be determined by the Committee. The Committee will, unless otherwise provided in an Individual Agreement with the participant, determine whether “Cause” exists. 

  

	 	(i)	“CEO” means the Company’s chief executive officer. 

  

	 	(j)	“Change in Control” and “Change in Control Price” have the meanings set forth in Sections 15.2 and 15.3, respectively.

  

	 	(k)	“Code” means the Internal Revenue Code of 1986, as amended from time to time, and any successor thereto. 

  

	 	(l)	“Committee” means the Compensation Committee of the Board, or such other committee as the Board may from time to time designate. 

  

	 	(m)	“Common Stock” means (1) the common stock of the Company, par value $.01 per share, subject to adjustment as provided in Section 4.1 Shares
Available for Issuance; or (2) if there is a merger or consolidation and the Company is not the surviving corporation, the capital stock of the surviving corporation given in exchange for such common stock of the Company.

  

	 	(n)	“Company” means John Bean Technologies Corporation, a Delaware corporation. 

  

	 	(o)	“Covered Employee” means a participant who has received a Management Incentive Award, Restricted Stock, Performance Units, Stock Units or Restricted Stock
Units, who has been designated as such by the Committee and who is or may be a “covered employee” within the meaning of Section 162(m)(3) of the Code in the year in which the Management Incentive Award, Restricted Stock or Performance
Units are expected to be taxable to such participant. 

  

	 	(p)	“Disability” means, unless otherwise provided by the Committee, (1) “Disability” as defined in any Individual Agreement to which the
participant is a party, or (2) if there is no such Individual Agreement, or, if it does not define “Disability,” permanent and total disability as determined under the Company’s long-term disability plan.

  

	 	(q)	 “Dividend Equivalent Rights” means the right to receive cash, Stock Options, Restricted Stock, Performance Units, Stock Units or Restricted
Stock Units as determined by the Committee, in an amount equal to any dividends that would have been paid on a Stock Option, Restricted Stock, Performance Unit, Stock Units or Restricted Stock Units as applicable, with Dividend Equivalent Rights if
such Stock Option, Restricted Stock, Performance Unit, Stock Units or Restricted Stock Units as applicable, was a share of Common Stock held by the participant 

  

			
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on the dividend payment date. Unless the Committee determines that Dividend Equivalent Rights will be paid in cash as of the dividend payment date, such
Dividend Equivalent Rights, once credited, will be converted into an equivalent number of Stock Options, shares of Restricted Stock, Performance Units, Stock Units or Restricted Stock Units as applicable; provided, however, that the number of shares
subject to any Award will always be a whole number. Unless otherwise determined by the Committee as of the dividend payment date, if a dividend is paid in cash, the number of Stock Options, shares of Restricted Stock, Performance Units, Stock Units
or Restricted Stock Units into which a Dividend Equivalent Right will be converted will be calculated as of the dividend payment date, in accordance with the following formula: 

 (A x B)/C 
 in which “A” equals the
number of Stock Options, shares of Restricted Stock, Performance Units, Stock Units or Restricted Stock Units with Dividend Equivalent Rights held by the participant on the dividend payment date, “B” equals the cash dividend per share and
“C” equals the Fair Market Value per share of Common Stock on the dividend payment date. Unless otherwise determined by the Committee as of the dividend payment date, if a dividend is paid in property other than cash, the number of Stock
Options, shares of Restricted Stock Performance Units, Stock Units or Restricted Stock Units as applicable into which a Dividend Equivalent Right will be converted will be calculated, as of the dividend payment date, in accordance with the formula
set forth above, except that “B” will equal the fair market value per share of the property which the participant would have received if the Stock Option, share of Restricted Stock Performance Unit, Stock Unit or Restricted Stock Unit as
applicable, with Dividend Equivalent Rights held by the participant on the dividend payment date was a share of Common Stock. 
  

	 	(s)	“Effective Date” means February 25, 2008. 

  

	 	(t)	“Eligible Individuals” means officers, employees, directors and consultants of the Company or any of its Affiliates, and prospective employees, directors and
consultants who have accepted offers of employment, membership on a board or consultancy from the Company or its Affiliates, who are or will be responsible for or contribute to the management, growth or profitability of the business of the Company
or its Affiliates, as determined by the Committee. 

  

	 	(u)	“Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, and any successor thereto. 

  

	 	(v)	“Expiration Date” means the date on which an Award becomes unexercisable and/or not payable by reason of lapse of time or otherwise as provided in
Section 6.2 Expiration Date. 

  

			
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	 	(w)	“Fair Market Value” means, except as otherwise provided by the Committee, as of any given date, the closing price for the shares on the New York Stock
Exchange for the specified date (as of 4 p.m. Eastern Standard Time or Eastern Daylight Savings Time, whichever is then in effect), or, if the shares were not traded on the New York Stock Exchange on such date, then on the next preceding date on
which the shares were traded, all as reported by such source as the Committee may select. 

  

	 	(x)	“Grant Date” means the date designated by the Committee as the date of grant of an Award. 

  

	 	(y)	“Incentive Stock Option” means any Stock Option designated as, and qualified as, an “incentive stock option” within the meaning of Section 422
of the Code. 

  

	 	(z)	“Individual Agreement” means a severance, employment, consulting or similar agreement between a participant and the Company or one of its Affiliates.

  

	 	(aa)	“Management Incentive Award” means an Award of cash, Common Stock, Restricted Stock or a combination of cash, Common Stock and Restricted Stock, as
determined by the Committee. 

  

	 	(bb)	“Net Contribution” means for a Business Unit, its operating profit after-tax, less the product of (1) a percentage as determined by the Committee; and
(2) the Business Unit’s Capital Employed. 

  

	 	(cc)	“Non-Employee Director” means each director of the Company who is not otherwise an employee of the Company or its Affiliates. 

  

	 	(dd)	“Nonqualified Stock Option” means any Stock Option that is not an Incentive Stock Option. 

  

	 	(ee)	“Notice” means the written evidence of an Award granted under the Plan in such form as the Committee will from time to time determine.

  

	 	(ff)	 “Performance Goals” means the performance goals established by the Committee in connection with the grant of Management Incentive Awards,
Restricted Stock, Performance Units, Stock Units or Restricted Stock Units as set forth in the Notice. In the case of Qualified Performance-Based Awards, Performance Goals will be set by the Committee within the time period prescribed by
Section 162(m) of the Code and related regulations, The performance goals upon which the payment or vesting of an Award to a Covered Employee that is intended to qualify as performance-based compensation shall be limited to one or more of the
following performance measures: net revenue; net earnings (before or after taxes); operating earnings or income; absolute and/or relative return measures (including, but not limited to, return on assets, capital, invested capital, net
contribution, equity, sales, or revenue); earnings per share; cash flow (including, but not limited to, operating cash flow, free cash flow, cash flow 

  

			
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return on equity, and cash flow return on investment); net operating profits; earnings before or after taxes, interest, depreciation, and/or amortization;
earning as a percentage of sales; earnings growth before or after taxes, interest, depreciation, and/or amortization; gross, operating, or net margins; revenue growth; book value per share; stock price (including, but not limited to, growth measures
and total shareholder return); economic value added; customer satisfaction; market share; working capital; productivity ratios; operating goals (including, but not limited to, safety, reliability, maintenance expenses, capital expenses, customer
satisfaction, operating efficiency, and employee satisfaction); and performance relative to peer companies, each of which may be established on a corporate-wide basis or established with respect to one or more operating units, divisions, acquired
businesses, minority investments, partnerships or joint ventures. 

  

	 	(gg)	“Performance Units” means an Award granted under Section 12 Performance Units. 

  

	 	(hh)	“Plan” means the John Bean Technologies Corporation Incentive Compensation and Stock Plan, as set forth herein and as hereinafter amended from time to time.

  

	 	(ii)	“Qualified Performance-Based Award” means a Management Incentive Award, an Award of Restricted Stock, an Award of Performance Units, an Award of Stock Units
or an Award of Restricted Stock Units designated as such by the Committee, based upon a determination that (1) the recipient is or may be a Covered Employee; and (2) the Committee wishes such Award to qualify for the Section 162(m)
Exemption. 

  

	 	(jj)	“Restricted Stock” means an Award granted under Section 11 Restricted Stock. 

  

	 	(kk)	“Section 162(m) Exemption” means the exemption from the limitation on deductibility imposed by Section 162(m) of the Code that is set forth in
Section 162(m)(4)(C) of the Code. 

  

	 	(ll)	“Separation from Service” means the cessation of a Non-Employee Director’s service on the Board. Temporary absences from service on the Board for a
period not to exceed six (6) consecutive months because of illness, vacation or leave of absence will not be considered a Separation from Service. 

  

	 	(mm)	“Stock Appreciation Right” means an Award granted under Section 10 Stock Appreciation Rights. 

  

	 	(nn)	“Stock Option” means an Award granted under Section 9 Stock Options. 

  

	 	(oo)	“Stock Units or Restricted Stock Units” means an Award granted under Section 12 Performance Units, Stock Units or Restricted Stock Units.

  

	 	(pp)	 “Termination of Employment” means the termination of the participant’s employment with, or performance of services for, the Company and
any of its 

  

			
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Affiliates. Temporary absences from employment because of illness, vacation or leave of absence and transfers among the Company and its Affiliates will not
be considered a Termination of Employment. 

  

	 	(qq)	“Vesting Date” means the date on which an Award becomes vested, and, if applicable, fully exercisable and/or payable by or to the participant as provided in
Section 6.3 Vesting. 

 2.2        Other
Definitions.  In addition, certain other terms used herein have definitions given to them in the first place in which they are used. 
 SECTION 3.        ADMINISTRATION 
 3.1        Committee Administration.  The Committee is the administrator of the Plan. Among other things, the Committee has the authority, subject to the terms of the Plan:

  

	 	(a)	To select the Eligible Individuals to whom Awards are granted; 

  

	 	(b)	To determine whether and to what extent Awards are granted; 

  

	 	(c)	To determine the amount of each Award; 

  

	 	(d)	To determine the terms and conditions of any Award, including, but not limited to, the option price, any vesting condition, restriction or limitation regarding any Award and the
shares of Common Stock relating thereto, based on such factors as the Committee will determine; 

  

	 	(e)	To modify, amend or adjust the terms and conditions of any Award, at any time or from time to time, to the extent that such modification, amendment, or adjustment does not conflict
with Section 409A of the Code. 

  

	 	(f)	To determine to what extent and under what circumstances Common Stock and other amounts payable with respect to an Award will be deferred, to the extent that such deferral does not
conflict with Section 409A of the Code and 

  

	 	(g)	To determine under what circumstances an Award may be settled in cash or Common Stock or a combination of cash and Common Stock. 

 The Committee has the authority to adopt, alter and repeal administrative rules, guidelines and practices governing the Plan, to interpret the terms and
provisions of the Plan, any Award, any Notice and any other agreement relating to any Award and to take any action it deems appropriate for the administration of the Plan. 
 3.2        Committee Action. The Committee may act only by a majority of its members then in office
unless it allocates or delegates its authority to a Committee member or other person to act on its behalf. Except to the extent prohibited by applicable law or applicable rules of a stock exchange, the Committee may allocate all or any portion of
its responsibilities and powers to any one or more of its members and may delegate all or any part of its responsibilities and powers to any other person or persons. Any such allocation or delegation may be revoked by the Committee at any time.

  

			
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 Any determination made by the Committee or its delegate with respect to any Award will be made in the
sole discretion of the Committee or such delegate. All decisions of the Committee or its delegate are final, conclusive and binding on all parties. 
 3.3        Board Authority.  Any authority granted to the Committee may also be exercised by the full Board. To the extent that any permitted action taken by the Board
conflicts with action taken by the Committee, the Board action will control. Notwithstanding anything herein to the contrary, the Board is the administrator of the portion of the Plan applicable to Non-Employee Directors. 
 SECTION 4.    SHARES 
 4.1        Shares Available For Issuance.  The maximum number of shares of Common Stock that may be delivered to participants and their beneficiaries under the Plan will be
3,700,000. Shares subject to an Award under the Plan may be authorized and unissued shares or may be treasury shares. 
 No Award will be
counted against the shares available for delivery under the Plan if the Award is payable to the participant only in the form of cash, or if the Award is paid to the participant in cash. 
 If any Award is forfeited, or if any Stock Option (and any related Stock Appreciation Right) terminates, expires or lapses without being exercised, or if
any Stock Appreciation Right is exercised for cash, the shares of Common Stock subject to such Awards will again be available for delivery in connection with Awards under the Plan. If the option price of any Stock Option granted under the Plan is
satisfied by delivering shares of Common Stock to the Company (by either actual delivery or by attestation), only the number of shares of Common Stock delivered to the participant, net of the shares of Common Stock delivered or attested to, will be
deemed delivered for purposes of determining the maximum numbers of shares of Common Stock available for delivery under the Plan. To the extent any shares of Common Stock subject to an Award are not delivered to a participant because such shares are
used to satisfy an applicable tax-withholding obligation, such shares will not be deemed to have been delivered for purposes of determining the maximum number of shares of Common Stock available for delivery under the Plan. 
 In the event of any corporate event or transaction, (including, but not limited to, a change in the number of shares of Common Stock outstanding), such
as a stock split, merger, consolidation, separation, including a spin-off or other distribution of stock or property of the Company, any reorganization (whether or not such reorganization comes within the definition of such term in Section 368
of the Code) or any partial or complete liquidation of the Company, the Committee shall make such substitution or adjustments in the aggregate number, kind, and price of shares reserved for issuance under the Plan, and the maximum limitation upon
any Awards to be granted to any participant, in the number, kind and price of shares subject to outstanding Awards granted under the Plan and/or such other equitable substitution or adjustments as it may 

  

			
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determines are required to accomplish the same; provided, however, that the number of shares subject to any Award will always be a whole number. Such
adjusted price will be used to determine the amount payable in cash or shares, as applicable, by the Company upon the exercise of any Award. Any such adjustment to an Award may be made to the extent that such adjustment does not conflict with
Section 409A of the Code. 
 4.2        Individual Limits.  No
participant may be granted Stock Options and Stock Appreciation Rights covering in excess of 400,000 shares of Common Stock in any calendar year. The maximum aggregate amount with respect to each Management Incentive Award, Award of Performance
Units, Award of Restricted Stock, Award of Stock Units or Award of Restricted Stock Units that may be granted, or, that may vest, as applicable, in any calendar year for any individual participant is 400,000 shares of Common Stock, or the dollar
equivalent of 400,000 shares. 
 SECTION 5.    ELIGIBILITY 
 Awards may be granted under the Plan to Eligible Individuals. Incentive Stock Options may be granted only to employees of the Company and its
subsidiaries or parent corporation (within the meaning of Section 424(f) of the Code). The maximum number of Shares of the Share Authorization that may be issued pursuant to Incentive Stock Options under the Plan shall be 3,700,000. 

SECTION 6.    TERMS AND CONDITIONS OF AWARDS 
 6.1        General.  Awards will be in the form and upon the terms and conditions as determined by the Committee, subject to the terms of the Plan. The
Committee is authorized to grant Awards independent of, or in addition to other Awards granted under the Plan. The terms and conditions of each Award may vary from other Awards. Awards will be evidenced by Notices, the terms and conditions of which
will be consistent with the terms of the Plan and will apply only to such Award. 
 6.2        Expiration Date.  Unless otherwise provided in the Notice, the Expiration Date of an Award will be the earlier of the date that is ten (10) years after the
Grant Date or the date of the participant’s Termination of Employment. 
 6.3        Vesting.  Each Award vests and becomes fully payable, exercisable and/or released of any restriction on the Vesting Date. The Vesting Date of each Award, as
determined by the Committee, will be set forth in the Notice. Prior to the Vesting Date, an Award remains subject to a substantial risk of forfeiture. 
 SECTION 7.    QUALIFIED PERFORMANCE-BASED AWARDS 
 The Committee may designate a Management
Incentive Award, or an Award of Restricted Stock or an Award of Performance Units or an Award of Stock Units or an Award or Restricted Stock Units as a Qualified Performance-Based Award, in which case, the Award is contingent upon the attainment of
Performance Goals, and, as a result, remains subject to a substantial risk of forfeiture until the attainment of such Performance Goals. 
  

			
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 SECTION 8.    MANAGEMENT INCENTIVE AWARDS 
 8.1        Management Incentive Awards.  The Committee is authorized to grant Management
Incentive Awards, subject to the terms of the Plan. Notices for Management Incentive Awards will indicate the Award Cycle, any applicable Performance Goals, any applicable designation of the Award as a Qualified Performance-Based Award and the form
of payment of the Award. 
 8.2        Settlement.  As soon as practicable
after the later of the Vesting Date and the date any applicable Performance Goals are satisfied, but in any event within seventy (70) days following the later of such events, Management Incentive Awards will be paid to the participant in cash,
Common Stock, Restricted Stock or a combination of cash, Common Stock and Restricted Stock, as determined by the Committee. The number of shares of Common Stock payable under the stock portion of a Management Incentive Award will equal the amount of
such portion of the award divided by the Fair Market Value of the Common Stock on the date of payment. 
 SECTION 9.    STOCK
OPTIONS 
 9.1        Stock Options.  The Committee is authorized to
grant Stock Options, including both Incentive Stock Options and Nonqualified Stock Options, subject to the terms of the Plan. Notices will indicate whether the Stock Option is intended to be an Incentive Stock Option or a Nonqualified Stock Option,
the option price, the term and the number of shares to which it pertains. To the extent that any Stock Option is not designated as an Incentive Stock Option, or, even if so designated does not qualify as an Incentive Stock Option on or subsequent to
its Grant Date, it will constitute a Nonqualified Stock Option. 
 9.2        Option
Price.  The option price per share of Common Stock purchasable under a Stock Option will be determined by the Committee and will not be less than the Fair Market Value of the Common Stock subject to the Stock Option on the Grant
Date, except as provided under Section 4.1. 
 9.3        Incentive Stock
Options.  The terms of the Plan addressing Incentive Stock Options and each Incentive Stock Option will be interpreted in a manner consistent with Section 422 of the Code and all valid regulations issued thereunder.

 9.4        Exercise.  Stock Options will be exercisable at such time or
times and subject to the terms and conditions set forth in the Notice. A participant can exercise a Stock Option, in whole or in part, at any time on or after the Vesting Date and before the Expiration Date by giving written notice of exercise to
the Company specifying the number of shares of Common Stock subject to the Stock Option to be purchased. Such notice will be accompanied by payment in full to the Company of the option price by certified or bank check or such other cash equivalent
instrument as the Company may accept. If approved by the Committee, payment in full or in part may also be made in the form of Common Stock (by delivery of such shares or by 

  

			
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attestation) already owned by the optionee of the same class as the Common Stock subject to the Stock Option, based on the Fair Market Value of the Common
Stock on the date the Stock Option is exercised. 
 9.5        Settlement.  As soon as practicable after the exercise of a Stock Option, the Company will deliver to or on behalf of the optionee certificates of Common Stock for
the number of shares purchased. No shares of Common Stock will be issued until full payment therefor has been made. An optionee will have all of the rights of a stockholder of the Company holding Common Stock, including, but not limited to, the
right to vote the shares and the right to receive dividends, when the optionee has given written notice of exercise, has paid in full for such shares and, if requested, has given the representation described in Section 19 General
Provisions. The Committee may give optionees Dividend Equivalent Rights, provided, if a Dividend Equivalent Right is granted, such grant cannot be conditioned on the grantee exercising the underlying option. 
 9.6        Nontransferability.  No Stock Option will be transferable by the optionee
other than by will or by the laws of descent and distribution. All Stock Options will be exercisable, subject to the terms of the Plan, only by the optionee, the guardian or legal representative of the optionee, or any person to whom such Stock
Option is transferred pursuant to this paragraph, it being understood that the term “holder” and “optionee” include such guardian, legal representative and other transferee. No Stock Option will be subject to execution,
attachment or other similar process. 
 Notwithstanding anything herein to the contrary, the Committee may permit a participant at any time
prior to his or her death to assign all or any portion without consideration therefor of a Nonqualified Stock Option to: 
  

	 	(a)	The participant’s spouse or lineal descendants; 

  

	 	(b)	The trustee of a trust for the primary benefit of the participant and his or her spouse or lineal descendants, or any combination thereof; 

  

	 	(c)	A partnership of which the participant, his or her spouse and/or lineal descendants are the only partners; 

  

	 	(d)	Custodianships under the Uniform Transfers to Minors Act or any other similar statute; or 

  

	 	(e)	Upon the termination of a trust by the custodian or trustee thereof, or the dissolution or other termination of the family partnership or the termination of a custodianship under
the Uniform Transfers to Minor Act or any other similar statute, to the person or persons who, in accordance with the terms of such trust, partnership or custodianship are entitled to receive the Nonqualified Stock Option held in trust, partnership
or custody. 

 In such event, the spouse, lineal descendant, trustee, partnership or custodianship will be entitled to all of the
participant’s rights with respect to the assigned portion of the Nonqualified Stock Option, and such portion will continue to be subject to all of the terms, conditions and restrictions applicable to the Nonqualified Stock Option. 

 

			
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 9.7        Cashing Out.  On receipt of
written notice of exercise, the Committee may elect to cash out all or part of the portion of the shares of Common Stock for which a Stock Option is being exercised by paying the optionee an amount, in cash or Common Stock, equal to the excess of
the Fair Market Value of the Common Stock over the option price times the number of shares of Common Stock for which the Stock Option is being exercised on the effective date of such cash-out. In addition, notwithstanding any other provision of the
Plan, the Committee, either on the Grant Date or thereafter, may give a participant the right to voluntarily cash-out the participant’s outstanding Stock Options during the seventy (70)-day period following a Change in Control. A participant
who has such a cash-out right and elects to cash-out Stock Options may do so during the seventy (70)-day period following a Change in Control by giving notice to the Company to elect to surrender all or part of the Stock Option to the Company and to
receive cash, within thirty (30) days of such election, in an amount equal to the amount by which the Change in Control Price per share of Common Stock on the date of such election exceeds the exercise price per share of Common Stock under the
Stock Option multiplied by the number of shares of Common Stock granted under the Stock Option as to which this cash-out right is exercised. 
 9.8        Term of Options.  Each
Option granted to a participant shall expire at such time as the Committee shall determine at the time of grant; provided, however, no Option shall be exercisable later than the tenth (10th
) anniversary date of its grant. 
 SECTION 10.    STOCK APPRECIATION RIGHTS

 10.1      Stock Appreciation Rights.  The Committee is authorized to grant Stock
Appreciation Rights, subject to the terms of the Plan. Stock Appreciation Rights granted with a Nonqualified Stock Option may be granted either on or after the Grant Date. Stock Appreciation Rights granted with an Incentive Stock Option may be
granted only on the Grant Date of such Stock Option. Notices of Stock Appreciation Rights granted with Stock Options may be incorporated into the Notice of the Stock Option. Notices of Stock Appreciation Rights will indicate whether the Stock
Appreciation Right is independent of any Award or granted with a Stock Option, the price, the term, the method of exercise and the form of payment. The grant of a Stock Appreciation Right shall be at a price per share that is at least equal to the
Fair Market Value of a share of Common Stock as of the Grant Date of such Appreciation Right. 
 10.2      Exercise.  A participant can exercise Stock Appreciation Rights, in whole or in part, at any time after the Vesting Date and before the Expiration Date, or, with respect to
Stock Appreciation Rights granted in connection with any Stock Option, at such time or times and to the extent that the Stock Options to which they relate are exercisable, by giving written notice of exercise to the Company specifying the number of
Stock Appreciation Rights to be exercised. A Stock Appreciation Right granted with a Stock Option may be exercised by an optionee by surrendering any applicable portion of the related Stock Option in accordance with procedures established by the
Committee. To the extent provided by the Committee, Stock Options which have been so surrendered will no longer be exercisable to the extent the related Stock Appreciation Rights have been exercised. 
  

			
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 10.3      Settlement.  As soon as practicable after
the exercise of a Stock Appreciation Right, an optionee will be entitled to receive an amount in cash, shares of Common Stock or a combination of cash and shares of Common Stock, as determined by the Committee, in value equal to the excess of the
Fair Market Value on the date of exercise of one share of Common Stock over the Stock Appreciation Right price per share multiplied by the number of shares in respect of which the Stock Appreciation Right is being exercised. Upon the exercise of a
Stock Appreciation Right granted with any Stock Option, the Stock Option or part thereof to which such Stock Appreciation Right is related will be deemed to have been exercised for the purpose of the limitation set forth in Section 4
Shares on the number of shares of Common Stock to be issued under the Plan, but only to the extent of the number of shares delivered upon the exercise of the Stock Appreciation Right. 
 10.4      Nontransferability.  Stock Appreciation Rights will be transferable only to the extent
they are granted with any Stock Option, and only to permitted transferees of such underlying Stock Option in accordance with the Nontransferability provisions of Section 9. 
 10.5      Term of Stock Appreciation
Right.  Each Stock Appreciation right granted to a participant shall expire at such time as the Committee shall determine at the time of grant; however, no Stock Appreciation Right shall be exercisable later than the tenth
(10th) anniversary date of its grant. 
 SECTION
11.    RESTRICTED STOCK 
 11.1      Restricted
Stock.  The Committee is authorized to grant Restricted Stock, subject to the terms of the Plan. Notices for Restricted Stock may be in the form of a Notice and book-entry registration or issuance of one or more stock certificates.
Any certificate issued in respect of shares of Restricted Stock will be registered in the name of such participant and will bear an appropriate legend referring to the terms, conditions, and restrictions applicable to such Award, substantially in
the following form: 
 “The transferability of this certificate and the shares of stock represented hereby are subject to the terms and
conditions, including, but not limited to, forfeiture of the FMC Technologies, Inc. Incentive Compensation and Stock Plan and a Restricted Stock Notice. Copies of such Plan and Notice are on file at the offices of FMC Technologies, Inc.”

 The Committee may require that the certificates evidencing such shares be held in custody by the Company until the restrictions thereon
will have lapsed and that, as a condition of any Award of Restricted Stock, the participant will have delivered a stock power, endorsed in blank, relating to the Common Stock covered by such Award. The Notice or certificates will indicate any
applicable Performance Goals, any applicable designation of the Restricted Stock as a Qualified Performance-Based Award and the form of payment. 
 11.2      Participant Rights.  Subject to the terms of the Plan and the Notice or certificate of Restricted Stock, the participant will not be permitted to sell, assign, transfer, pledge
or otherwise encumber shares of Restricted Stock until the later of the Vesting Date and the date 

  

			
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any applicable Performance Goals are satisfied. Except as provided in the Plan and the Notice or certificate of the Restricted Stock, the participant will
have, with respect to the shares of Restricted Stock, Dividend Equivalent Rights, if so granted. 
 11.3    Settlement.  As soon as practicable after the later of the Vesting Date and the date any applicable Performance Goals are satisfied and prior to the Expiration Date, unlegended
certificates for such shares of Common Stock will be delivered to the participant upon surrender of any legended certificates, if applicable. 
 SECTION
12.    PERFORMANCE UNITS, STOCK UNITS OR RESTRICTED STOCK UNITS 
 12.1    Performance Units, Stock Units or Restricted Stock Units.  The Committee is authorized to grant Performance Units, Stock Units or Restricted Stock Units, subject to the terms of the Plan.
Notices of Performance Units will indicate any applicable Performance Goals, any applicable designation of the Award as a Qualified Performance-Based Award and the form of payment. 
 12.2    Settlement.  Except as otherwise provided in Section 14, as soon as practicable after the later
of the Vesting Date and the date any applicable Performance Goals are satisfied, but in any event within seventy (70) days following the later of such events, Performance Units, Stock Units or Restricted Stock Units will be paid in the manner
as provided in the Notice. Payment of Performance Units, Stock Units or Restricted Stock Units will be made in an amount of cash equal to the Fair Market Value of one share of Common Stock multiplied by the number of Performance Units, Stock Units
or Restricted Stock Units earned or, if applicable, in a number of shares of Common Stock equal to the number of Performance Units, Stock Units or Restricted Stock Units earned, each as determined by the Committee. 
 SECTION 13.    OTHER AWARDS 
 The Committee is authorized to make, either alone or in conjunction with other Awards, Awards of cash or Common Stock and Awards that are valued in whole or in part by reference to, or are otherwise based upon, Common Stock, including,
without limitation, convertible debentures. 
 SECTION 14.    NON-EMPLOYEE DIRECTOR AWARDS 
 14.1    Annual Retainer.  Each Non-Employee Director will receive an Annual Retainer in such amount as will
be determined from time to time by the Board. Until changed by resolution of the Board, the Grant Date of the Annual Retainer will be May 1 of each year, and the amount of the Annual Retainer will be reviewed and adjusted only by Board
resolution. At least 50 percent of the retainer must be paid in the form of Stock Units or Restricted Units on the Grant Date, provided the Non-Employee Director makes an irrevocable election to receive such Stock Units or Restricted Stock Units in
lieu of cash on or before December 31 of the year prior to the fiscal year in which the Annual Retainer is to be earned, and the remainder of which, if any, will be paid in cash in quarterly installments within seventy (70) days following
the end 

  

			
		 	Page 13

 
of each calendar quarter. The number of Stock Units or Restricted Stock Units constituting the Annual Retainer for each Non-Employee Director will be equal
to the number obtained by dividing the value of the retainer which the Non-Employee Director has elected to defer by the Fair Market Value of the Common Stock on the Grant Date. 
 14.2    Annual Award.  In addition to the Annual Retainer, the Board has the authority to grant Non-Employee
Directors Stock Options, Restricted Stock, Stock Units or Restricted Stock Units, subject to the terms of the Plan. 
 14.3    Committee Chairman Fees.  Each Non-Employee Director who serves as a chairman of a committee of the Board will receive a committee chairman fee in such amount as determined by the Board
for the tenure of such service. The Committee chairmen fee may vary among the committees and may only be changed upon a resolution of the Board. It is payable in cash in quarterly installments within seventy (70) days following the end of each
calendar quarter. 
 14.4    Vesting.  Awards granted to Non-Employee Directors, including the
portion of the Annual Retainer paid in the form of Stock Units or Restricted Stock Units under Section 14.1, will have a Vesting Date as determined by the Board. Unless otherwise provided in the Award, such Vesting Date will be the date of the
Company’s annual stockholder’s meeting next following the Grant Date. 
 14.5    Separation from
Service.  Except as provided below, if a Non-Employee Director has a Separation from Service prior to the Vesting Date of a Stock Unit or Restricted Stock Unit, any unvested Stock Units or Restricted Stock Units are forfeited and
all further rights of the Non-Employee Director to or with respect to such Stock Units or Restricted Stock Units terminate. If a Non-Employee Director dies while serving as a director of the Company, any vested Stock Units or Restricted Stock Units
will be paid to the person designated in the Non-Employee Director’s last will and testament or, in the absence of such designation, to his or her estate. Upon death or disability, any unvested Stock Units or Restricted Stock Units will vest
and become payable in a proportionate amount, based upon the full months of service completed during the vesting period from the Grant Date to the date of death or disability. Any unvested Stock Units or Restricted Stock Units vest and become
immediately payable upon a Change in Control. For purposes of this section 14.5, the term disability shall have such meaning as is set forth under Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”). 

14.6    Settlement.  Payments with respect to Stock Units or Restricted Stock Units of a Non-Employee
Director will be made in shares of Common Stock issued to the Non-Employee Director as soon as practicable after his or her Separation from Service, but in any event within seventy (70) days following such Separation from Service. Stock Units
or Restricted Stock Units will be valued using the Fair Market Value of Common Stock on the last business day of his or her service on the Board. Notwithstanding anything herein to the contrary, payments with respect to Stock Units or Restricted
Stock Units will also be made in shares of Common Stock upon the occurrence of a Change in Control. 
  

			
		 	Page 14

 SECTION 15.    CHANGE IN CONTROL 
 15.1      Impact of Change in Control.  Notwithstanding any other provision of the Plan to the
contrary, in the event of a Change in Control, as of the date such Change in Control is determined to have occurred, any outstanding: 
  

	 	(a)	Stock Options and Stock Appreciation Rights become fully exercisable and vested to the full extent of the original grant; 

  

	 	(b)	Restricted Stock becomes free of all restrictions and becomes fully vested and transferable to the full extent of all or a portion of the maximum amount of the original grant as
provided in the Notice, or, if not provided in the Notice, as determined by the Committee; 

  

	 	(c)	Stock Units and Restricted Stock Units are considered earned and payable to the full extent of all or a portion of the maximum amount of the original grant as provided in the
Notice, or, if not provided in the Notice, as determined by the Committee, any restrictions lapse and such Stock Units or Restricted Stock Units will be settled in cash or Common Stock, as determined by the Committee, as promptly as is practicable
following the Change in Control; and 

  

	 	(d)	Management Incentive Awards become fully vested to the full extent of all or a portion of the maximum amount of the original grant as provided in the Notice, or, if not provided in
the Notice, as determined by the Committee, and such Management Incentive Awards will be settled in cash or Common Stock, as determined by the Committee, as promptly as is practicable following the Change in Control. 

 The Committee may also make additional substitutions, adjustments and/or settlements of outstanding Awards as it deems appropriate and consistent with
the Plan’s purposes. 
 15.2      Definition of Change in Control.  For purposes
of the Plan, a “Change in Control” means either a “Change in Ownership,” a “Change in Effective Control,” or a “Change in Ownership of a Substantial Portion of Assets,” as defined below: 
 “Change in Ownership”: A Change in Ownership of the Company occurs on the date that any one person, or more than one Person Acting as a Group (as defined
below), acquires ownership of stock of the Company that, together with stock held by such person or group, constitutes more than 50% of the total fair market value or total voting power of the stock of the Company. However, if any one person or more
than one Person Acting as a Group, is considered to own more than 50% of the total fair market value or total voting power of the stock of the Company, the acquisition of additional stock by the same person or persons is not considered to cause a
Change in Ownership of the Company (or to cause a Change in Effective Control of the Company). An increase in the percentage of stock owned by any one person, or Persons Acting as a Group, as a result of a transaction in which the Company acquires
its stock in exchange for property will be treated as an acquisition of stock. This applies only when there is a transfer of stock of the Company (or issuance of stock of the Company) and stock in the Company remains outstanding after the
transaction. 
  

			
		 	Page 15

 Persons Acting as a Group: Persons will not be considered to be acting as a group solely because they (i) purchase
or own stock of the same corporation at the same time, or as a result of the same public offering, or (ii) purchase assets of the same corporation at the same time. However, persons will be considered to be acting as a group if they are owners
of a corporation that enters into a merger, consolidation, purchase or acquisition of stock or assets, or similar business transaction with the Company. If a person, including an entity, owns stock in both corporations that enter into a merger,
consolidation, purchase or acquisition of stock or assets, or similar transaction, such shareholder is considered to be acting as a group with other shareholders in a corporation only with respect to the ownership in that corporation prior to the
transaction giving rise to the change and not with respect to the ownership interest in the other corporation. 
 “Change in Effective Control”: A
Change in Effective Control of the Company occurs on the date that either – 
  

	 	(i)	Any one person, or more than one Person Acting as a Group, acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such
person or persons) ownership of stock of the Company possessing 30% or more of the total voting power of the stock of the Company; or 

  

	 	(ii)	a majority of members of the Board is replaced during any 12-month period by directors whose appointment or election is not endorsed by a majority of the members of the Board
prior to the date of the appointment or election. 

 A Change in Effective Control will have occurred only if the Covered Employee is employed
by the Company or an Affiliate upon the date of the Change in Effective Control or the Company is liable for the payment of the benefits hereunder and no other corporation is a majority shareholder of the Company. Further, in the absence of an event
described in paragraph (i) or (ii), a Change in Effective Control of the Company will not have occurred. 
 Acquisition of additional control: If any
one person, or more than one Person Acting as a Group, is considered to effectively control the Company, the acquisition of additional control of the Company by the same person or persons is not considered to cause a Change in Effective Control of
the Company (or to cause a Change in Ownership of the Company). 
 “Change in Ownership of a Substantial Portion of Assets”: A Change in Ownership
of a Substantial Portion of Assets occurs on the date that any one person, or more than one Person Acting as a Group, acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such person or persons)
assets from the Company that have a total gross fair market value equal to or more than 40% of the total gross fair market value of all of the assets of the Company immediately prior to such acquisition or acquisitions. For this purpose, gross fair
market value means the value of the assets of the Company, or the value of the assets being disposed of, determined without regard to any liabilities associated with such assets. 
  

			
		 	Page 16

 Transfers to a related person: There is no Change in Control when there is a transfer to an entity that is controlled by
the shareholders of the Company immediately after the transfer. A transfer of assets by the Company is not treated as a Change of Ownership of a Substantial Portion of Assets if the assets are transferred to – 
  

	 	(i)	A shareholder of the Company (immediately before the asset transfer) in exchange for or with respect to its stock; 

  

	 	(ii)	An entity, 50% or more of the total value or voting power of which is owned, directly or indirectly, by the Company; 

  

	 	(iii)	A person, or more than one Person Acting as a Group, that owns, directly or indirectly, 50% or more of the total value or voting power of all the outstanding stock of the
Company; or 

  

	 	(iv)	An entity, at least 50% of the total value or voting power of which is owned, directly or indirectly, by a person described in paragraph (iii). 

 A person’s status is determined immediately after the transfer of the assets. For example, a transfer to a corporation in which the Company has no ownership
interest before the transaction, but which is a majority-owned subsidiary of the Company after the transaction is not treated as a Change in Ownership of a Substantial Portion of Assets of the Company. 
 15.3      Change in Control Price.  For purposes of the Plan, “Change in Control Price”
means the higher of (a) the highest reported sales price, regular way, of a share of Common Stock in any transaction reported on the New York Stock Exchange or other national exchange on which such shares are listed during the sixty (60)-day
period prior to and including the date of a Change in Control; or (b) if the Change in Control is the result of a tender or exchange offer or a Corporate Transaction, the highest price per share of Common Stock paid in such tender or exchange
offer or Corporate Transaction; provided, however, that in the case of Incentive Stock Options and Stock Appreciation Rights relating to Incentive Stock Options, the Change in Control Price will be in all cases the Fair Market Value of the
Common Stock on the date such Incentive Stock Option or Stock Appreciation Right is exercised. To the extent that the consideration paid in any such transaction described above consists all or in part of securities or other noncash consideration,
the value of such securities or other noncash consideration will be determined by the Committee. 
 SECTION 16.    FORFEITURE OF
AWARDS 
 Notwithstanding anything in the Plan to the contrary, the Committee may, in the event of serious misconduct by a
participant (including, without limitation, any misconduct prejudicial to or in conflict with the Company or its Affiliates, or any Termination of Employment for Cause), or any activity of a participant in competition with the business of the
Company or any Affiliate, (a) cancel any outstanding Award granted to such participant, in whole or in part, whether or not vested , and/or (b) if such conduct or activity occurs within one year following the exercise or payment of an
Award, require such participant to repay to the Company any gain realized or payment received upon the exercise or payment of such Award (with such gain or payment 

  

			
		 	Page 17

 
valued as of the date of exercise or payment). In the event the Company’s financial statements are restated as a result of errors, omissions or fraud,
the Committee may, in good faith and to the extent an Award exceeds what would otherwise have been awarded based on the restated financial results, (a) cancel any outstanding Award granted, in whole or in part, whether or not vested or
deferred, to officers of the Company who are identified as being subject to Section 16 of the Securities and Exchange Act of 1934 (Section 16 Officers), and/or (b) if such restatement occurs after the exercise or payment of such Award,
require such Section 16 Officer to repay to the Company any gain realized or payment received upon the exercise or payment of such Award (with such gain or payment valued as of the date of exercise or payment). Such cancellation or repayment
obligation will be effective as of the date specified by the Committee. Any repayment obligation may be satisfied in Common Stock or cash or a combination thereof (based upon the Fair Market Value of Common Stock on the day of payment), and the
Committee may provide for an offset to any future payments owed by the Company or any Affiliate to the participant if necessary to satisfy the repayment obligation. The determination of whether a participant has engaged in a serious breach of
conduct or any activity in competition with the business of the Company or any Affiliate will be made by the Committee in good faith. This Section 16 will have no application following a Change in Control. 
 SECTION 17.    AMENDMENT AND TERMINATION 
 The Committee may amend, alter, or discontinue the Plan or any Award, prospectively or retroactively, but no amendment, alteration or discontinuation may impair the rights of a recipient of any Award without the
recipient’s consent, except such an amendment made to comply with applicable law, stock exchange rules or accounting rules. 
 No
amendment will be made without the approval of the Company’s stockholders to the extent such approval is required by applicable law or stock exchange rules, or, to the extent such amendment increases the number of shares available for delivery
under the Plan, or changes the option price after the Grant Date. 
 No award of Performance Units, Stock Units or Restricted Stock Units may
be granted to Non-Employee Directors under Section 14.1 of this Plan after February 16, 2011 or if later, the date that is ten years from the date a majority of the stockholders of the Company approve the most version of the Plan.

 SECTION 18.    UNFUNDED STATUS OF PLAN 
 It is presently intended that the Plan constitutes an “unfunded” plan for incentive compensation. The Committee may authorize the creation of trusts or other arrangements to meet the obligations created
under the Plan to deliver Common Stock or make payments; provided, however, that unless the Committee otherwise determines, the existence of such trusts or other arrangements will be consistent with the “unfunded” status of the Plan.

  

			
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 SECTION 19.    GENERAL PLAN PROVISIONS 
 19.1      General Provisions.    The Plan will be administered in accordance with the
following provisions and any other rule, guideline and practice determined by the Committee: 
  

	 	(a)	Each person purchasing or receiving shares pursuant to an Award may be required to represent to and agree with the Company in writing that he or she is acquiring the shares without
a view to the distribution of the shares. 

  

	 	(b)	The certificates for shares issued under an Award may include any legend which the Committee deems appropriate to reflect any restrictions on transfer. 

  

	 	(c)	Notwithstanding any other provision of the Plan, any Award, any Notice or any other agreements made pursuant thereto, the Company is not required to issue or deliver any shares of
Common Stock prior to fulfillment of all of the following conditions: 

  

	 	(i)	Listing or approval for listing upon notice of issuance, of such shares on the New York Stock Exchange, or such other securities exchange as may at the time be the principal market
for the Common Stock; 

  

	 	(ii)	Any registration or other qualification of such shares of the Company under any state or federal law or regulation, or the maintaining in effect of any such registration or other
qualification which the Committee deems necessary or advisable; and 

  

	 	(iii)	Obtaining any other consents, approval, or permit from any state or federal governmental agency which the Committee deems necessary or advisable. 

  

	 	(d)	The Company will not issue fractions of shares. Whenever, under the terms of the Plan, a fractional share would otherwise be required to be issued, the participant will be paid at
Fair Market Value for such fractional share by rounding down the number of shares received to the nearest whole number and paying in cash the value of the fractional share. 

  

	 	(e)	In the case of a grant of an Award to any Eligible Individual of an Affiliate of the Company, the Company may, if the Committee so directs, issue or transfer the shares of Common
Stock, if any, covered by the Award to the Affiliate, for such lawful consideration as the Committee may specify, upon the condition or understanding that the Affiliate will transfer the shares of Common Stock to the Eligible Individual in
accordance with the terms of the Award specified by the Committee pursuant to the provisions of the Plan. All shares of Common Stock underlying Awards that are forfeited or canceled revert to the Company. 

 19.2      Employment.    The Plan will not constitute a contract of employment, and
adoption of the Plan will not confer upon any employee any right to continued employment, nor will it interfere in any way with the right of the Company or an Affiliate to terminate at any time the employment of any employee or the membership of any
director on a board of directors or any consulting arrangement with any Eligible Individual. 
  

			
		 	Page 19

 19.3      Tax Withholding
Obligations.    No later than the date as of which an amount first becomes includible in the gross income of the participant for federal income tax purposes with respect to any Award under the Plan, the participant will
pay to the Company, or make arrangements satisfactory to the Company regarding the payment of, any federal, state, local or foreign taxes of any kind required by law to be withheld with respect to such amount. Unless otherwise determined by the
Company, withholding obligations may be settled with Common Stock, including Common Stock that is part of the Award that gives rise to the withholding requirement; provided that not more than the legally required minimum withholding may be settled
with Common Stock. The obligations of the Company under the Plan will be conditional on such payment or arrangements, and the Company and its Affiliates will, to the extent permitted by law, have the right to deduct any such taxes from any payment
otherwise due to the participant. The Committee may establish such procedures as it deems appropriate, including making irrevocable elections, for the settlement of withholding obligations with Common Stock. 
 19.4      Beneficiaries.    The Committee will establish such procedures as it deems
appropriate for a participant to designate a beneficiary to whom any amounts payable in the event of the participant’s death are to be paid or by whom any rights of the participant, after the participant’s death, may be exercised.

 19.5      Governing Law.    The Plan and all Awards made and actions taken
thereunder will be governed by and construed in accordance with the laws of the State of Delaware, without reference to principles of conflict of laws. Notwithstanding anything herein to the contrary, in the event an Award is granted to Eligible
Individual who is employed or providing services outside the United States and who is not compensated from a payroll maintained in the United States, the Committee may modify the provisions of the Plan and/or any such Award as they pertain to such
individual to comply with and account for the tax and accounting rules of the applicable foreign law so as to maintain the benefit intended to be provided to such participant under the Award. 
 19.6      409A.    Except for Section 14 of the Plan, the Plan is not intended to
provide for the “deferral of compensation” under Section 409A of the Code and, as a result, the Plan (except for Section 14) is not intended to be subject to 409A of the Code. The Plan (except for Section 14) shall, as a
result, be administered and interpreted in a manner consistent with such intent. Section 14 of the Plan is intended, in part, to provide for the “deferral of compensation” under 409A of the Code and, as a result, is intended to be
subject to 409A of the Code. Section 14 of the Plan shall therefore be administered and interpreted in a manner consistent with such intent. 
 19.7      Nontransferability.    Except as otherwise provided in Section 9 Stock Options and Section 10 Stock Appreciation Rights, or by the
Committee, Awards under the Plan are not transferable except by will or by laws of descent and distribution. 
 19.8      Severability.    Wherever possible, each provision of the Plan and of each Award and of each Notice will be interpreted in such a manner as to be effective and valid
under applicable law. If any provision of the Plan, any Award or any Notice is found to be prohibited by or invalid under applicable law, then (a) such provision will be deemed amended to and to 

  

			
		 	Page 20

 
have contained from the outset such language as will be necessary to accomplish the objectives of the provision as originally written to the fullest extent
permitted by law; and (b) all other provisions of the Plan and any Award will remain in full force and effect. 
 19.9      Strict Construction.    No rule of strict construction will be applied against the Company, the Committee or any other person in the interpretation of the terms of
the Plan, any Award, any Notice, any other agreement or any rule or procedure established by the Committee. 
 19.10      Stockholder Rights.    Except as otherwise provided herein, no participant will have dividend, voting or other stockholder rights by reason of a grant of an Award or
a settlement of an Award in cash. 
  

			
		 	Page 21Form of Nonqualified Stock Option Agreement

 Exhibit 10.4(a) 
 NONQUALIFIED STOCK OPTION AGREEMENT 
 PURSUANT TO THE JOHN BEAN TECHNOLOGIES CORPORATION 
 INCENTIVE COMPENSATION AND STOCK PLAN 
 This Agreement is made as of the <<Grant Date>> (the “Grant Date”) by JOHN BEAN TECHNOLOGIES CORPORATION, a Delaware corporation, (the “Company”) and <<Participant Name>> (the
“Employee”). 
 In 2008, the Board of Directors of the Company (the “Board”) adopted the John Bean Technologies
Corporation Incentive Compensation and Stock Plan (the “Plan”). The Plan, as it may be amended and continued, is incorporated by reference and made a part of this Agreement and will control the rights and obligations of the Company and the
Employee under this Agreement. Except as otherwise expressly provided herein, all capitalized terms have the meanings provided in the Plan. To the extent there is a conflict between the Plan and this Agreement, the provisions of the Plan will
control. 
 The Compensation Committee of the Board (the “Committee”) determined that it would be to the competitive
advantage and interest of the Company and its stockholders to grant a stock option to the Employee as an inducement to remain in the service of the Company or one of its affiliates (collectively, the “Employer”), and as an incentive for
increased efforts during such service. 
 The Committee, on behalf of the Company, grants to the Employee a nonqualified stock option
(the “Option”) to purchase an aggregate of << # >> shares of the common stock of the Company par value of $.01 per share (the “Common Stock”) at a price of $<<Grant Price>> per share upon the
following terms and conditions: 
 1.        Time of Exercise of
Option.    Subject to its termination as provided in Section 3, below, and to the satisfaction of the requirements of Section 2 below, the Option is exercisable at any time or from time to time, in whole or in part,
on or after <<January 2, 3 years after the Grant Date>> (the “Vesting Date”). Notwithstanding the foregoing, the Option will become immediately exercisable by the Employee or by the person or persons to whom the
Employee’s rights under the Option pass by will or by the applicable laws of descent and distribution, in the event of the Employee’s death or Disability, or a Change in Control of the Company. 
 2.        Employment.    Subject to Section 3, below, it is a condition
precedent to the right to exercise the Option that the Employee remain in the employ of the Employer continuously during the period from the Grant Date to the earliest of (a) the Vesting Date, (b) the date of the Employee’s retirement
under the Company’s pension plan on or after age 62, (c) the date of the Employee’s death or (d) the date of the Employee’s Disability. Any portion of the Option that is not vested will be forfeited upon the Employee’s
termination of employment with the Employer before the Vesting Date for a reason other than the Employee’s death, Disability or retirement under the Company’s pension plan on or after age 62. 
  

 1 

 3.        Termination of
Option.    The Option and all rights thereunder, to the extent such rights will not have been exercised, will terminate and become null and void on the earliest of the date (a) that is <<January 2, 10 years
after the Grant Date>>, (b) that is three months after the date the Employee ceases to be an employee of an Employer for any reason other than death, Disability or retirement under the Company’s pension plan on or after age 62,
(c) that is five years from the date of the Employee’s retirement under the Company’s pension plan on or after age 62 or termination due to Disability, (d) that is one year from the date of the Employee’s death or
(e) the Employee is terminated for Cause, (such date being referred to as the “Option Expiration Date”). 
 4.        Right to Exercise.    The Option may be exercised at any time on or after the date on which it first becomes exercisable under Sections 1 and 2, above, to and
including the Option Expiration Date by the Employee or by the person or persons to whom the Employee’s rights under the Option will pass by will or by the applicable laws of descent and distribution. In no event may the Option be exercised to
any extent by anyone before it becomes exercisable pursuant to Sections 1 and 2, above, or after the Option Expiration Date. 
 5.        Method of Exercise.    The Employee (or other person entitled to do so) may exercise the Option with respect to all or any part of the shares then subject to such
exercise (a) by giving the Company written notice of such exercise, specifying the Grant Date, the number of such shares as to which the Option is being exercised, paying by cash or check, bank draft or postal or express money order payable to
the order of the Company in lawful money of the United States an amount equal to the sum of the option price of such shares and the amount of any taxes required to be withheld by the Company (the “Option Payment”) or by shares of Common
Stock that have been held by the Employee for at least six months at the time of exercise, or, that were purchased by the Employee on the open market, having a Fair Market Value at the date of such notice equal to the Option Payment or by a
combination of cash, check, draft, money order and such shares, and (b) by giving satisfactory assurance in writing that such shares will not be publicly offered for sale, other than on a national securities exchange. The Company may from time
to time make available alternative methods of exercise upon notice to the Employee. As soon as practicable after receipt of such notice and payment, the Company will, without transfer or issue tax or other incidental expense to the Employee or other
person exercising the Option, deliver to such Employee or other person a certificate or certificates for Common Stock. If there is a failure to accept delivery of all or any part of the upon tender of delivery thereof, the right to purchase such
undelivered Common Stock may be terminated by the Company. 
 6.        Adjustment.    The Committee shall make equitable substitutions or adjustments in the Option and/or Common Stock issuable upon exercise of the Option as it
determines to be appropriate in the event of any corporate event or transaction such as a stock split, merger, consolidation, separation, including a spin-off or other distribution of stock or property of the Company, reorganization or any partial
or complete liquidation of the Company. 
  

 2 

 7.        Rights Prior to
Exercise.    The Option will during the Employee’s lifetime be exercisable only by the Employee, and neither the Option nor any right thereunder will be assignable or transferable by the Employee by voluntary or
involuntary act, operation of law, or otherwise, other than by testamentary bequest or devise or the laws of descent and distribution. Any effort to assign or transfer a right, except as provided for herein, will be ineffective and may result in the
Company terminating the Option. Neither the Employee nor any other person entitled to exercise the Option will have any of the rights of a stockholder with respect to the shares subject to the Option, except to the extent that Common Stock will have
been issued upon the exercise of the Option. 
 8.        No Limitation on Rights of the
Company.    The granting of the Option will not in any way affect the right or power of the Company to make adjustments, reclassifications or changes in its capital or business structure or to merge, consolidate,
reincorporate, dissolve, liquidate or sell or transfer all or any part of its business or assets. 
 9.        Employment.    Nothing in this Agreement or in the Plan will be construed as constituting a commitment, guarantee, agreement or understanding of any kind or nature
that the Employer will continue to employ the Employee, or as affecting in any way the right of the Employer to terminate the employment of the Employee at any time. 
 10.        Government Regulation.    The Company’s obligation to deliver Common Stock upon exercise of the Option will be subject to
all applicable laws, rules and regulations and to such approvals by any governmental agencies or national securities exchanges as may be required. 
 11.        Withholding.    The Employer will comply with all applicable withholding tax laws, and will be entitled to take any action necessary to effectuate
such compliance. 
 12.        Notice.    Any notice to the Company
provided for in this Agreement will be addressed to it in care of its Secretary, John Bean Technologies Corporation, 200 East Randolph Drive, Chicago, Illinois 60601, and any notice to the Employee (or other person entitled to exercise the Option)
will be addressed to the Employee’s address now on file with the Company, or to such other address as either may designate to the other in writing. Any notice will be deemed to be duly given when enclosed in a properly sealed envelope and
addressed as stated above, and deposited, postage paid, in a post office or branch post office regularly maintained by the United States government. 
 13.        Administration.    The Committee administers the Plan. The Employee’s rights under this Agreement are expressly subject to the terms and
conditions of the Plan, a copy of which is attached hereto, including any guidelines the Committee adopts from time to time. 
  

 3 

 14.        Binding
Effect.    This Agreement will inure to the benefit of and be binding upon the parties hereto and their respective heirs, executors, administrators, successors and permitted assigns. 
 15.        Sole Agreement.    This Agreement is the entire agreement between the
parties to it, and any and all prior oral and written representations are merged into this Agreement. This Agreement may only be amended by written agreement between the Company and the Employee. Employee expressly acknowledges that the form of the
grant agreement that the Employee accepts electronically through the Fidelity NetBenefits website is intended to facilitate the administration of this Option award and may not be a full version of this Agreement due to limitiations inherit in such
website that are imposed by Fidelity. The terms of this Agreement will govern the Employee’s award in the event of any inconsistency with the agreement viewed or accepted by the Employee on the Fidelity NetBenefits website. 
 16.        Governing Law.    The interpretation, performance and enforcement of
this agreement will be governed by the laws of the State of Delaware. 
 17.        Privacy.    Employee acknowledges and agrees to the Employer transferring certain personal data of such Employee to the Company for purposes of implementing,
performing or administering the Plan or any related benefit. Employee expressly gives his consent to the Employer and the Company to process such personal data. 
 Executed as of the Grant Date. 
 JOHN BEAN TECHNOLOGIES CORPORATION 
  

							
	 By:
	 	  
	 		 	  

		 	     Vice President, Human Resources
	 		 	             (Employee)

				
		 		 		 	  

		 		 		 	             (Title)

				
		 		 		 	  

		 		 		 	             (Division)

				
		 		 		 	  

		 		 		 	             (Address)

				
		 		 		 	  

		 		 		 	             (Social Security Number)

  

 4

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