Document:

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                                                                  Exhibit 10.35

                    FORM OF 2006 BAND B EMPLOYEE & SG22-23 OPTION AGREEMENT

                              ITT INDUSTRIES, INC.
                           2003 EQUITY INCENTIVE PLAN

                   NON-QUALIFIED STOCK OPTION AWARD AGREEMENT

THIS AGREEMENT (the "Agreement"), effective as of the _____ day of ___________,
by and between ITT Industries, Inc. (the "Company") and [name] (the "Optionee"),
WITNESSETH:

WHEREAS, the Optionee is now employed by the Company or an Affiliate (as defined
in the Company's 2003 Equity Incentive Plan, as amended and restated as of July
13, 2004 (the "Plan")) as an employee, and in recognition of the Optionee's
valued services, the Company, through the Compensation and Personnel Committee
of its Board of Directors (the "Committee"), desires to provide an opportunity
for the Optionee to acquire or enlarge stock ownership in the Company, pursuant
to the provisions of the Plan.

NOW, THEREFORE, in consideration of the terms and conditions set forth in this
Agreement and the provisions of the Plan, a copy of which is attached hereto and
incorporated herein as part of this Agreement, and any administrative rules and
regulations related to the Plan as may be adopted by the Committee, the parties
hereto hereby agree as follows:

 1.   Grant of Options. In accordance with, and subject to, the terms and
      conditions of the Plan and this Agreement, the Company hereby confirms the
      grant on _____________ (the "Grant Date") to the Optionee of the option to
      purchase from the Company all or any part of an aggregate of
      ___________shares of common stock of the Company (the "Option"), at the
      purchase price of $_____ per share (the "Option Price" or "Exercise
      Price"). The Option shall be a Nonqualified Stock Option.

2.   Terms and Conditions. It is understood and agreed that the Option is
     subject to the following terms and conditions:

     (a)  Expiration Date. The Option shall expire on (seven years from the
          grant date), or, if the Optionee's employment terminates before that
          date, on the date specified in subsection (e) below.

     (b)  Exercise of Option. The Option may not be exercised until it has
          become vested.

     (c)  Vesting. Subject to subsections 2(a) and 2(e), the Option shall vest
          in three installments as follows:

          (i)  1/3 of the Option shall vest on (first anniversary of the grant
               date),

          (ii) 1/3 of the Option shall vest on (second anniversary of the grant
               date), and

          (iii) 1/3 of the Option shall vest on (third anniversary of the grant
                date);

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          Subject to subsections 2(a) and 2(e), to the extent not earlier vested
          pursuant to paragraphs (i), (ii), and (iii) of this subsection (c),
          the Option shall vest in full upon an Acceleration Event (as defined
          in the Plan).

     (d)  Payment of Exercise Price and Tax Withholding. Permissible methods for
          payment of the Exercise Price and for satisfaction of tax withholding
          obligations upon exercise of the Option shall be as described in
          Section 6.6 and Article 14 of the Plan, or, if the Plan is amended,
          successor provisions. In addition to the methods of exercise permitted
          by Section 6.6 of the Plan, the Optionee may exercise the Option by
          way of a broker-assisted cashless exercise in a manner consistent with
          the Federal Reserve Board's Regulation T, unless the Committee
          determines that such exercise method is prohibited by law.

     (e)  Effect of Termination of Employment.

          If the Optionee's employment terminates before (seven years from the
          grant date), the Option shall expire on the date set forth below, as
          applicable:

          (i)  Termination due to Death. If the Optionee's employment is
          terminated as a result of the Optionee's death, the Option shall
          expire on the earlier of (seven years from the grant date) or the date
          three years after the termination of the Optionee's employment due to
          death. If all or any portion of the Option is not vested at the time
          of the Optionee's termination of employment, the Option shall
          immediately become 100% vested.

          (ii) Termination due to Disability. If the Optionee's employment is
          terminated as a result of the Optionee's Disability (as defined
          below), the Option shall expire on the earlier of (seven years from
          the grant date) or the date five years after the termination of the
          Optionee's employment due to Disability. If all or any portion of the
          Option is not vested at the time of the termination of the Optionee's
          employment, the Option shall immediately become 100% vested.

          (iii) Termination due to Retirement. If the Optionee's employment is
          terminated as a result of the Optionee's Retirement (as defined
          below), the Option shall expire on the earlier of (seven years from
          the grant date) or the date five years after the termination of the
          Optionee's employment due to Retirement. If all or any portion of the
          Option is not vested at the time of the Optionee's termination of
          employment, a prorated portion of the unvested portion of the Option
          shall immediately vest as of the date of the termination of employment
          (see "Prorated Vesting Upon Retirement" below). Any remaining unvested
          portion of the Option shall expire as of the date of the termination
          of the Optionee's employment. For purposes of this subsection
          2(e)(iii), the Optionee shall be considered employed during any period
          in which the Optionee is receiving severance in the form of salary
          continuation, and the date of the termination of the Optionee's
          employment shall be the last day of any such severance period.

          (iv) Voluntary Termination; Cause. If the Optionee's employment is
               terminated by the Optionee for any reason other than Retirement,

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               Disability or death, or by the Company (or an Affiliate, as the
               case may be) for cause (as determined by the Committee), the
               vested and unvested portions of the Option shall expire on the
               date of the termination of the Optionee's employment.

          (v)  Other Termination by the Company. If the Optionee's employment is
          terminated by the Company (or an Affiliate, as the case may be) for
          other than cause (as determined by the Committee), and not because of
          the Optionee's Retirement, Disability or death, the vested portion of
          the Option shall expire on the earlier of (seven years from the grant
          date) or the date three months after the termination of the Optionee's
          employment. Any portion of the Option that is not vested (or the
          entire Option, if no part was vested) as of the date the Optionee's
          employment terminates shall expire immediately on the date of
          termination of employment, and such unvested portion of the Option
          (the entire Option, if no portion was vested on the date of
          termination) shall not thereafter be exercisable. For purposes of this
          subsection 2(e)(v), the Optionee shall be considered employed during
          any period in which the Optionee is receiving severance in the form of
          salary continuation, and the date of the termination of the Optionee's
          employment shall be the last day of any such severance period.

          Notwithstanding the foregoing, if an Optionee's employment is
          terminated on or after an Acceleration Event (A) by the Company (or an
          Affiliate, as the case may be) for other than cause (as determined by
          the Committee), and not because of the Optionee's Retirement,
          Disability, or death, or (B) by the Optionee because the Optionee in
          good faith believed that as a result of such Acceleration Event he or
          she was unable effectively to discharge his or her present duties or
          the duties of the position the Optionee occupied just prior to the
          occurrence of such Acceleration Event, the Option shall in no event
          expire before the earlier of the date that is 7 months after the
          Acceleration Event or (seven years from the grant date).

          Retirement. For purposes of this Agreement, the term "Retirement"
          shall mean the termination of the Optionee's employment if, at the
          time of such termination, the Optionee is eligible to commence receipt
          of retirement benefits under a traditional formula defined benefit
          pension plan maintained by the Company or an Affiliate (or would be
          eligible to receive such benefits if he or she were a participant in
          such traditional formula defined benefit pension plan).

          Disability. For purposes of this Agreement, the term "Disability"
          shall mean the complete and permanent inability of the Optionee to
          perform all of his or her duties under the terms of his or her
          employment, as determined by the Committee upon the basis of such
          evidence, including independent medical reports and data, as the
          Committee deems appropriate or necessary.

          Prorated Vesting Upon Retirement. The prorated portion of an Option
          that vests upon termination of the Optionee's employment due to the
          Optionee's Retirement shall be determined by multiplying the total
          number of unvested shares subject to the Option at the time of the
          termination of the Optionee's employment by a fraction, the numerator
          of which is the number of full months the Optionee has been
          continually employed since the Grant Date and the

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          denominator of which is 36. For this purpose, full months of
          employment shall be based on monthly anniversaries of the Grant Date,
          not calendar months.

     (f)  Compliance with Laws and Regulations. The Option shall not be
          exercised at any time when its exercise or the delivery of shares
          hereunder would be in violation of any law, rule, or regulation that
          the Company may find to be valid and applicable.

     (g)  Optionee Bound by Plan and Rules. The Optionee hereby acknowledges
          receipt of a copy of the Plan and this Agreement and agrees to be
          bound by the terms and provisions thereof. The Optionee agrees to be
          bound by any rules and regulations for administering the Plan as may
          be adopted by the Committee during the life of the Option. Terms used
          herein and not otherwise defined shall be as defined in the Plan.

     (h)  Governing Law. This Agreement is issued, and the Option evidenced
          hereby is granted, in White Plains, New York, and shall be governed
          and construed in accordance with the laws of the State of New York,
          excluding any conflicts or choice of law rule or principle that might
          otherwise refer construction or interpretation of this Agreement to
          the substantive law of another jurisdiction.

By signing a copy of this Agreement, the Optionee acknowledges that s/he has
received a copy of the Plan, and that s/he has read and understands the Plan and
this Agreement and agrees to the terms and conditions thereof. The Optionee
further acknowledges that the Option awarded pursuant to this Agreement must be
exercised prior to its expiration as set forth herein, that it is the Optionee's
responsibility to exercise the Option within such time period, and that the
Company has no further responsibility to notify the Optionee of the expiration
of the exercise period of the Option.

IN WITNESS WHEREOF, the Company has caused this instrument to be executed by its
Chairman, President and Chief Executive Officer, or a Vice President, as of the
___ day of ___________.

Agreed to:                                       ITT Industries, Inc.

_____________________________                    /s/ Steven R. Loranger
Optionee

Dated: _________________                         Dated:

Enclosures<PAGE>

                                                                  Exhibit 10.36

                    FORM OF 2006 RESTRICTED STOCK AGREEMENT

                              ITT INDUSTRIES, INC.
                           2003 EQUITY INCENTIVE PLAN

                 RESTRICTED STOCK AWARD AGREEMENT FOR EMPLOYEES

THIS AGREEMENT (the "Agreement"), effective as of the __ day of ___, 2006, by
and between ITT Industries, Inc. (the "Company") and [name] (the "Grantee"),
WITNESSETH:

WHEREAS, the Grantee is now employed by the Company or an Affiliate (as defined
in the Company's 2003 Equity Incentive Plan, as amended and restated as of July
13, 2004 (the "Plan")) as an employee, and in recognition of the Grantee's
valued services, the Company, through the Compensation and Personnel Committee
of its Board of Directors (the "Committee"), desires to provide an opportunity
for the Grantee to acquire or enlarge stock ownership in the Company, pursuant
to the provisions of the Plan.

NOW, THEREFORE, in consideration of the terms and conditions set forth in this
Agreement and the provisions of the Plan, a copy of which is attached hereto and
incorporated herein as part of this Agreement, and any administrative rules and
regulations related to the Plan as may be adopted by the Committee, the parties
hereto hereby agree as follows:

1.   Grant of Restricted Stock. In accordance with, and subject to, the terms
     and conditions of the Plan and this Agreement, the Company hereby confirms
     the grant on ________ (the "Grant Date") to the Grantee of XXXX shares of
     Restricted Stock.

2.   Terms and Conditions. It is understood and agreed that the shares of
     Restricted Stock are subject to the following terms and conditions:

     (a)  Restrictions. Except as otherwise provided in the Plan and this
          Agreement, the Grantee may not sell, assign, pledge, exchange,
          transfer, hypothecate or encumber any shares of Restricted Stock
          subject to this Award until the Period of Restriction set forth in
          subsection 2(c) below shall lapse.

     (b)  Custody, Dividends and Voting Rights.

          (i)  As soon as practicable following the grant of Restricted Stock,
               the shares of Restricted Stock shall be registered in the
               Grantee's name in certificate or book-entry form. If a
               certificate is issued, it shall bear an appropriate legend
               referring to the restrictions and it shall be held by the
               Company, or its agent, on behalf of the Grantee until the Period
               of Restriction has lapsed or otherwise been satisfied. If the
               shares are registered in book-entry form, the restrictions shall
               be placed on the book-entry registration.

          (ii) Except for the transfer restrictions, and subject to such other
               restrictions, if any, as determined by the Committee, the Grantee
               shall have all other rights of a holder of shares, including the
               right to receive dividends paid (whether in cash or property)
               with respect to the Restricted Stock and the

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               right to vote (or to execute proxies for voting) such shares.
               Unless the Committee determines otherwise, if all or a part of
               the dividend in respect of the Restricted Stock is paid in shares
               or any other security issued by the Company, such shares or other
               securities shall be held by the Company subject to the same
               restrictions as the Restricted Stock in respect of which the
               dividend is paid.

     (c)  Lapse of Period of Restriction. Subject to subsection 2(d) below, the
          Period of Restriction shall lapse, and shares of Restricted Stock
          shall vest and become free of the forfeiture and transfer restrictions
          contained in this Agreement on __________, provided the Grantee has
          been actively and continuously employed by the Company or an Affiliate
          on a full-time basis from the Grant Date through the end of the Period
          of Restriction. Upon lapse of the Period of Restriction, the Company
          will make arrangements for the form in which the released shares will
          be issued to the Grantee.

          To the extent not earlier vested pursuant to this subsection (c), the
          Period of Restriction shall lapse and shares of Restricted Stock shall
          vest in full upon an Acceleration Event (as defined in the Plan).

     (d)  Effect of Termination of Employment. Except as otherwise provided
          below, if the Grantee's employment with the Company and its Affiliates
          is terminated for any reason, any shares subject to the Period of
          Restriction at the time of such termination event shall be immediately
          forfeited.

          (i)  Termination due to Death or Disability. If the Grantee's
               termination of employment is due to death, or Disability (as
               defined below), the shares of Restricted Stock shall immediately
               become 100% vested and the Period of Restriction shall lapse as
               of such termination date.

          (ii) Termination due to Retirement or Termination by the Company for
               Other than Cause. If the Grantee's termination of employment is
               due to Retirement (as defined below) or if the Grantee's
               employment is terminated by the Company (or an Affiliate, as the
               case may be) for other than cause (as determined by the
               Committee), a prorated portion of the shares of Restricted Stock
               shall immediately vest as of such termination date (see "Prorated
               Vesting Upon Retirement or Termination by the Company for Other
               than Cause" below). For purposes of this subsection 2(d)(ii), the
               Grantee shall be considered employed during any period in which
               the Grantee is receiving severance in the form of salary
               continuation, and the date of the termination of the Grantee's
               employment shall be the last day of any such severance period.

          Retirement. For purposes of this Agreement, the term "Retirement"
          shall mean the termination of the Grantee's employment if, at the time
          of such termination, the Grantee is eligible to commence receipt of
          retirement benefits under a traditional formula defined benefit
          pension plan maintained by the Company or an Affiliate (or would be
          eligible to receive such benefits if he or she were a participant in
          such traditional formula defined benefit pension plan).

          Disability. For purposes of this Agreement, the term "Disability"
          shall mean the complete and permanent inability of the Grantee to
          perform all of his or her duties under the terms of his or her
          employment, as determined by the Committee upon

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          the basis of such evidence, including independent medical reports and
          data, as the Committee deems appropriate or necessary.

          Prorated Vesting Upon Retirement or Termination by the Company for
          Other than Cause. The prorated portion of any unvested shares of
          Restricted Stock that vest upon termination of the Grantee's
          employment due to Retirement or by the Company for other than cause
          shall be determined by multiplying the total number of unvested shares
          of Restricted Stock at the time of termination of the Grantee's
          employment by a fraction, the numerator of which is the number of full
          months the Grantee has been continually employed since the Grant Date
          and the denominator of which is 36. For this purpose, full months of
          employment shall be based on monthly anniversaries of the Grant Date,
          not calendar months.

     (f)  Tax Withholding. Permissible methods for satisfaction of tax
          withholding obligations upon the lapse of restrictions on shares of
          Restricted Stock shall be as described in Article 14 of the Plan, or,
          if the Plan is amended, successor provisions.

     (g)  Grantee Bound by Plan and Rules. The Grantee hereby acknowledges
          receipt of a copy of the Plan and this Agreement and agrees to be
          bound by the terms and provisions thereof. The Grantee agrees to be
          bound by any rules and regulations for administering the Plan as may
          be adopted by the Committee prior to the lapse of restrictions on the
          shares of Restricted Stock subject to this Agreement. Terms used
          herein and not otherwise defined shall be as defined in the Plan.

     (h)  Governing Law. This Agreement is issued, and the shares of Restricted
          Stock evidenced hereby are granted, in White Plains, New York, and
          shall be governed and construed in accordance with the laws of the
          State of New York, excluding any conflicts or choice of law rule or
          principle that might otherwise refer construction or interpretation of
          this Agreement to the substantive law of another jurisdiction.

IN WITNESS WHEREOF, the Company has caused this instrument to be executed by its
Chairman, President and Chief Executive Officer, or a Vice President, as of the
____ day of _______.

Agreed to:                                     ITT Industries, Inc.

                                               /s/ Steven R. Loranger

-----------------------------
Grantee

Dated: _________________                       Dated: ________________________

Enclosures

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