Document:

Exhibit 10.37 Form of Restricted Agreement

Exhibit 10.37
SENSATA TECHNOLOGIES HOLDING N.V.
(the "Company")
RESTRICTED SECURITIES
Date: __________
Issue to:
__________ ("Participant") 
 
__________ Ordinary Shares, par value €0.01 per Ordinary Share, at a purchase price of €0.01 per Ordinary Share in cash.
The foregoing securities are "Restricted Securities" as such term is defined in the Sensata Technologies Holding N.V. 2010 Equity Incentive Plan ("Plan"), and such Restricted Securities are subject to all of the terms and conditions of the Plan in effect from time to time, except as otherwise provided herein.  Any capitalized term used herein and not otherwise defined shall have the meaning ascribed to such term in the Plan.
The foregoing Restricted Securities shall be issued to Participant upon payment to the Company of the aggregate purchase price of €_____ in cash, which amount represents the aggregate par value of all Ordinary Shares issued to Participant pursuant to this Agreement.
The foregoing Restricted Securities will be subject to performance vesting only and will performance vest only so long as Participant remains employed by the Company or one of its Subsidiaries. The cumulative percentage of Restricted Securities set forth in the first column below will vest on __________ based upon the relative achievement of the Target as set forth opposite such cumulative percentage.

	
			
	Cumulative Percentage of 
Restricted Securities Vested
	 
	Percentage of 
Target Achieved

	—%
	 
	Less than 90%

	50%
	 
	90%

	75%
	 
	95%

	100%
	 
	100%

	125%
	 
	105%

	150%
	 
	110% or greater

As used herein, "Target" means the Company's adjusted net income of $_____ million for the fiscal year ending __________.  The Company's adjusted net income shall be calculated to exclude the impact of any dividends or other equity distributions and refinancing transactions.  
To the extent the Company achieves greater than 100% of the Target and, as a result, Participant becomes entitled to Restricted Securities in addition to the foregoing Restricted Securities (the "Additional 

Restricted Securities"), the Additional Restricted Securities shall be issued to Participant on __________ upon payment to the Company of the aggregate purchase price in cash calculated by multiplying the number of Additional Restricted Securities by €0.01, which amount represents the aggregate par value of such Ordinary Shares issued to Participant pursuant to this Agreement.  The Additional Restricted Securities shall be fully vested upon issuance.  The Additional Restricted Securities shall be subject to all of the terms and conditions of the Plan in effect from time to time, except as otherwise provided herein.
By way of example only, using 1,000 ordinary shares, if the Company's adjusted net income for fiscal year _____ is $_____ million (or _____% of the Target), then _____ (or _____%) of the foregoing Restricted Securities shall vest on __________.  If the Company's adjusted net income for fiscal year _____ is $_____ million (or _____% of the Target), then _____ (or _____%) of the foregoing Restricted Securities shall vest and Participant shall be entitled to receive _____ Additional Restricted Securities (which shall be fully vested upon issuance) on __________.
Notwithstanding the above and Section 4.5 of the Plan, if on the Termination Date the Participant is _____ years of age or more and has twenty (20) years or more of service to the Company or its Subsidiaries (including time with Texas Instruments prior to April 27, 2006)  then provisions (a) and (b) above shall not apply and Participant's Restricted Securities will continue to vest and Participant will  not be required to exercise any vested Restricted Securities within 60 days of the Termination Date (meaning that such Restricted Securities shall remain eligible for exercise until expiration).  
Participant agrees at all times to cast all votes to which Participant is entitled in respect of Participant's Award Securities (which terms shall include, for the avoidance of doubt, the Additional Restricted Securities), whether at any annual or special meeting, by written consent or otherwise, in such manner as the Company may instruct by written notice.  Further, Participant hereby grants to the Company an irrevocable proxy coupled with an interest to vote, including in any action by written consent, Participant's Award Securities as the Company deems appropriate in its sole discretion, which proxy shall be valid and remain in effect with respect to all Award Securities until they cease to be Award Securities pursuant to the terms of the Plan.
This agreement may be executed in one or more counterparts (including by means of telecopied signature pages), all of which taken together shall constitute one and the same agreement.
*    *    *    *

IN WITNESS WHEREOF, the Company, acting by and through its duly authorized officers, has executed this agreement effective as of the date first above written.
 
	
			
	 
	SENSATA TECHNOLOGIES HOLDING N.V.

	 
	 
	 

	 
	By:
	 

	 
	 
	 

	 
	Name:
	 

	 
	 
	 

	 
	Title:
	 

	 
	 
	 

	Accepted and Agreed:Exhibit 10.38 Form of Amended Option Agreement

Exhibit 10.38
SENSATA TECHNOLOGIES HOLDING N.V. 
(the "Company")
AMENDMENT TO AWARD AGREEMENT - OPTIONS
Amendment Date: _______  __, 2011
Issue to:
__________ ("Participant")

The Award Agreements dated __________, __________, and __________ are hereby amended as follows:

This amendment provides to each of the Award Agreements a vested options expiration extension from 60-days to 6-months from the date of a termination for “good reason” or “without cause.” 

This amendment may be executed in one or more counterparts (including by means of telecopied signature pages), all of which taken together shall constitute one and the same agreement.
*    *    *    *

IN WITNESS WHEREOF, the Company, acting by and through its duly authorized officers, has executed this agreement effective as of the date first above written.

	
			
	 
	SENSATA TECHNOLOGIES HOLDING N.V.

	 
	 
	 

	 
	By:
	 

	 
	 
	 

	 
	Name:
	 

	 
	 
	 

	 
	Title:
	 

	 
	 
	 

	Accepted and Agreed:Exhibit 10.39 Cote Option Amendment

Exhibit 10.39

SENSATA TECHNOLOGIES HOLDING N.V.
(the "Company")
AMENDMENT TO AWARD AGREEMENT - OPTIONS
Amendment Date: January 23, 2012
Issue to:
Jeff Cote ("Participant")

The Award Agreements dated January 1, 2007, September 4, 2009, and April 1, 2011 are hereby amended as follows:

This amendment provides to each of the Award Agreements a vested options expiration post- termination of employment to the expiry of the full ten-year term of the option grant. 

This amendment may be executed in one or more counterparts (including by means of telecopied signature pages), all of which taken together shall constitute one and the same agreement.

*    *    *    *

IN WITNESS WHEREOF, the Company, acting by and through its duly authorized officers, has executed this agreement effective as of the date first above written.

	
			
	 
	SENSATA TECHNOLOGIES HOLDING N.V.

	 
	 
	 

	 
	By:
	/s/ Donna N. Kimmel

	 
	 
	 

	 
	Name:
	Donna N. Kimmel

	 
	 
	 

	 
	Title:
	Senior Vice President Human Resources

	 
	 
	 

	Accepted and Agreed:
	 
	 

	/s/ Jeff Cote
	 
	 

	Jeff CoteCompany KALI TUNA, d.o.o., 23272
Kali, represented by Mr. Oli Valur Steindorsson, Member of the Board (hereinafter referred to as: KT)

and

 

Company MB LUBIN RIBARSTVO d.o.o., 23272
Kali, represented by Mr. Mirko Ivoš (hereinafter referred to as: Lubin)

 

concluded in Kali, on 01 July 2009 the following

 

 

BUSINESS COOPERATION AGREEMENT

 

 

1. SUBJECT MATTER OF THE AGREEMENT:

1.1. By this Agreement the Parties determine
their mutual long-term business interests, as well as methods, terms and time of realisation thereof, through the long-term business
cooperation.

 

2. BUSINESS INTERESTS:

2.1. KT is a company specialized in
farming and selling of tuna fish and therefore in control of necessary know-how, infrastructure and technical equipment, human
resources and capital. KT has business and strategic interest in ensuring the long-standing and stabile supply of live tuna
and small pelagic fish for the purpose of tuna feeding, as well as possible long-standing specific maritime/fishing services providing,
required for the above said farming.

 

2.2. Lubin is a company specialized
in catching of tuna and small pelagic fish and therefore in control of necessary know-how, technical equipment and human resources.
As such, it has business and strategic interest in ensuring the long-standing and stabile sales of caught tuna and small pelagic
fish, as well as possible specific maritime/fishing services providing, through its own fishing-boats.

 

3. REALISATION OF BUSINESS COOPERATION 

3.1. For the purpose of the above described
business interests, the Parties are obliged as follows:

 

		-	to enter into Contract on supply of live tuna for the period of 20 years; under such Contract Lubin
shall be obliged to catch the Bluefin tuna and deliver it to KT alive, for the farming purposes, whereas KT shall
be obliged to pay for the said deliveries according to market prices and other terms;

		-	to enter into Contract on supply of small pelagic fish for the period of 20 years, under which
Contract Lubin shall be obliged to catch small pelagic fish and deliver it to KT for the purpose of farmed tuna feeding,
whereas KT shall be obliged to pay for such deliveries according to market prices and other terms;

		-	to enter into Contract on maritime/fishing services for the period of 20 years, under which Contract
Lubin shall be obliged to provide various maritime/fishing services regarding and for the purpose of tuna farming and maintenance
of farms, as well as transport of caught live tuna from the catch location to the farms, whereas KT shall be obliged to
pay for the listed services according to market prices and other conditions.

 

In addition, KT is obliged to directly
help Lubin by providing consultancy regarding management, financial and operative planning etc.

 

4. FINANCING 

4.1. In order to help financing of KT
as an exclusive, long-standing and strategic buyer of its goods and services, Lubin is obliged to allow KT the use
of its vessels as collateral for KT’s credit liabilities.

 

4.2. KT is obliged to help Lubin
in refinancing of its debt financial liabilities towards foreign suppliers and financial creditors, mostly regarding debt for delivered
vessels, equipment and financial credits. KT shall take over Lubin’s due debts towards described creditors
and thereby shall acquire identical long-term claims towards Lubin. Parties shall enter into a special contract regarding
this issue.

 

    	 

    	 	

    
 

4.3. Further, KT is obliged to directly
finance Lubin and help it through guarantees and otherwise in realisation of possible financial arrangements with third
persons – creditors (banks, leasing companies, suppliers etc.), for short-term financing of current assets, as well as long-term
investment financing of supply and maintenance necessary for basic assets and equipment.

 

5. INSURANCE 

5.1. Since the above described KT’s
financial activities shall cause its significant financial exposure, shareholders of Lubin shall provide for KT to
insure its claims towards Lubin by putting a lien ontheir shares in Lubin. Also, Lubin shall be obliged to
appoint and revoke Members of its Board only with the consent of KT.

 

5.2. Additionally, during the period of this
Agreement, as well as all other contracts deriving from it, Lubin is obliged to restrain itself from any transfer of any
tangible property or right, without the consent of KT.

 

6. DISPUTES 

Both Parties are obliged to make reasonable
effort in order for this Agreement to be realised and shall try to resolve any disputes arising from this Agreement amicably and
consensually.

 

7. FINAL PROVISIONS 

By signing this Agreement, Parties confirm
their acceptance of all rights and obligations arising from it.

 

The Agreement hereunder was made in 2 (two)
counterparts; one for each Party.

 

	/s/ Mirko Ivos	/s/ Oli Valur Steindorsson
	MB LUBIN RIBARSTVO d.o.o.	KALI TUNA d.o.o.

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