Document:

Stock Purchase Agreement, dated as of 02/14/2012

 Exhibit 10.1 
 EXECUTION VERSION 
 STOCK PURCHASE AGREEMENT 

STOCK PURCHASE AGREEMENT (the “Agreement”), dated as of February 14, 2012, by and between WEIGHT WATCHERS
INTERNATIONAL, INC., a Virginia corporation (the “Company”), and ARTAL HOLDINGS Sp. Z o.o., Succursale de Luxembourg, a Luxembourg branch of a corporation organized and existing under the laws of Poland (“Artal”).

 R E C I T A L S 
 WHEREAS, the Company intends, but has not made any public announcement of such intention, to conduct a public modified Dutch auction self-tender offer for up to $1.5 billion in consideration (the
“Total Consideration”) of shares of its common stock, no par value per share (“Common Stock”), at prices ranging from $72.00 to $83.00 per share (the “Price Range”), subject to the other terms and
conditions thereof which shall be determined by the Company’s board of directors (the “Board of Directors” and such offer, the “Tender Offer”); 

WHEREAS, as of the date hereof, Artal owns of record 38,247,893 shares of Common Stock, which constitutes approximately 51.96% of the
issued and outstanding shares of Common Stock as of February 13, 2012; 
 WHEREAS, Artal has determined it will not
exercise its right to tender any of its shares of Common Stock pursuant to the Tender Offer; and 
 WHEREAS, the Company and
Artal desire to make certain covenants and agreements with one another pursuant to this Agreement. 
 NOW THEREFORE, in
consideration of the covenants and promises set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows: 

SECTION 1 

PURCHASE AND SALE OF THE SHARES; THE CLOSING 
 1.1 Purchase and Sale of Common Stock. Subject to the completion of the Tender Offer and the other terms and conditions of this Agreement, and on the basis of the representations, warranties and
covenants set forth herein, Artal agrees to sell to the Company, and the Company agrees to purchase from Artal, such number of shares of Common Stock (rounded to the nearest whole number of shares) equal to the aggregate number of shares of Common
Stock purchased by the Company in the Tender Offer multiplied by a fraction, the numerator of which is 38,247,893 and the denominator of which is 35,355,510 (representing the outstanding shares of Common Stock held of record by Artal divided by the
outstanding shares of Common Stock held of record by all stockholders of the Company other than Artal, each as of February 13, 2012). The number of shares of Common Stock to be purchased from Artal by the Company pursuant to this
Section 1.1 is herein referred to as, the “Shares.” 

 1.2 Purchase Price. The “Per Share Purchase Price” for the Shares
shall be equal to the price per share paid by the Company for the shares of Common Stock tendered by the holders of Common Stock in the Tender Offer. The “Purchase Price” shall equal the Per Share Purchase Price specified in
Section 1.2 multiplied by the number of Shares purchased by the Company from Artal pursuant to Section 1.1 of this Agreement. 
 1.3 The Closing. Subject to the terms and conditions hereof, the purchase and sale of the Shares contemplated by this Agreement (the “Closing”) will take place at the offices of
Simpson Thacher & Bartlett LLP, 425 Lexington Avenue, New York, New York 10017 at 10:00 a.m., New York City time on the eleventh business day following the expiration date of the Tender Offer (the “Successful Completion”),
or at such other later date or place as the parties shall mutually agree. At the Closing, (a) Artal will deliver to the Company the Shares to be purchased by the Company (such delivery to be made in such form as reasonably determined by the
Company as necessary to effect the transfer of such Shares), and (b) the Company shall deliver the Purchase Price to Artal by wire transfer of immediately available funds to one or more accounts specified by Artal at least one business day
prior to the Closing. 
 SECTION 2 
 REPRESENTATIONS AND WARRANTIES OF ARTAL 
 In order to induce the Company to enter
into this Agreement, Artal hereby represents and warrants to the Company as follows: 
 2.1 Ownership of Shares. Artal
owns of record the number of issued and outstanding shares of Common Stock set forth in the recitals to this Agreement. The Shares to be sold to the Company by Artal when delivered to the Company shall be free and clear of any liens, claims or
encumbrances, including rights of first refusal and similar claims, except for restrictions of applicable state and federal securities laws. There are no restrictions on the transfer of such Shares imposed by any shareholder or similar agreement or
any law, regulation or order, other than applicable state and federal securities laws. 
 2.2 Authorization. Artal has
full right, power and authority to execute, deliver and perform this Agreement and to sell, assign and deliver the Shares to be sold by it to the Company. This Agreement is the legal, valid and, assuming due execution and delivery by the other
parties hereto, binding obligation of Artal, enforceable in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws, now or
hereafter in effect, relating to or affecting the rights of creditors or creditors’ rights generally or by general principles of equity (regardless of whether such enforcement is considered in a proceeding at law or in equity). 

2.3 No Violation; No Consent. The execution, delivery and performance of this Agreement and the consummation of the transactions
contemplated hereby by Artal (a) will not constitute a breach or violation of or default under any judgment, decree or order or any agreement or instrument of Artal or to which Artal is subject, (b) will not result in the creation or
imposition of any lien upon the Shares to be sold by Artal, and (c) will not require the consent of or notice to any governmental entity or any party to any contract, agreement or arrangement with Artal. 

  
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 SECTION 3 
 REPRESENTATIONS AND WARRANTIES OF THE COMPANY 
 In order to induce Artal to enter
into this Agreement, the Company hereby represents and warrants as follows: 
 3.1 Organization and Corporate Power;
Authorization. The Company is a corporation duly incorporated, validly existing and in good standing under the laws of the Commonwealth of Virginia. The Company has the requisite power and authority to execute, deliver and perform this Agreement
and to acquire the Shares. As of the Closing, the Company will have sufficient capital to purchase the Shares hereunder. The execution, delivery and performance of this Agreement and the consummation by the Company of the transactions contemplated
hereby have been approved by a majority of the disinterested directors on the Board of Directors of the Company and have been otherwise duly authorized by all requisite action on the part of the Company. This Agreement and any other agreements,
instruments, or documents entered into by the Company pursuant to this Agreement have been duly executed and delivered by the Company and are the legal, valid and, assuming due execution by the other parties hereto, binding obligations of the
Company, enforceable against the Company in accordance with their terms except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws, now or hereafter in
effect, relating to or affecting the rights of creditors or creditors’ rights generally or by general principles of equity (regardless of whether such enforcement is considered in a proceeding at law or in equity). 

3.2 Capital Stock. The authorized capital stock of the Company consists of (a) 1,000,000,000 shares of Common Stock, of which
73,603,403 shares were issued and outstanding as of February 13, 2012, and (b) 250,000,000 shares of preferred stock, no par value per share, of which none were issued and outstanding as of February 13, 2012. 

3.3 No Violation; No Consent. The execution, delivery and performance of this Agreement and the consummation of the transactions
contemplated hereby by the Company (a) will not constitute a breach or violation of or default under any judgment, decree or order or any agreement or instrument of the Company or to which the Company is subject, and (b) will not require
the consent of or notice to any governmental entity or any party to any contract, agreement or arrangement with the Company. 

SECTION 4 

CONDITIONS TO THE COMPANY’S OBLIGATIONS 
 The obligations of the Company under Section 1 to purchase the Shares at the Closing from Artal are subject to the fulfillment as of the Closing of each of the following conditions unless waived by
the Company in accordance with Section 9.9: 
 4.1 Representations and Warranties. The representations and
warranties of Artal contained in Article 2 shall be true and correct on and as of the date of the Closing with the same effect as though such representations and warranties had been made on and as of the date of the Closing. 

  
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 4.2 Performance. Artal shall have performed and complied in all material respects
with all agreements, obligations, and conditions contained in this Agreement that are required to be performed or complied with by it on or before the date of the Closing. 
 4.3 Tender Offer. The Successful Completion of the Tender Offer shall have occurred and the Company shall have purchased shares of Common Stock pursuant thereto in accordance with the terms
thereof. 
 4.4 Delivery of Shares. Artal shall have delivered all of the Shares to be sold by it at the Closing, free
and clear of any liens, claims or encumbrances, along with all documents or other instruments necessary for a valid transfer. 

4.5 Further Assurances. No governmental authority shall have advised or notified the Company that the consummation of the
transactions contemplated hereunder would constitute a material violation of any applicable laws or regulations, which notification or advice shall not have been withdrawn after the exhaustion of the Company’s good faith efforts to cause such
withdrawal. 
 SECTION 5 
 CONDITIONS TO ARTAL’S OBLIGATIONS 
 The obligations of Artal under
Section 1 to sell the Shares at the Closing are subject to the fulfillment as of the Closing of each of the following conditions unless waived by Artal in accordance with Section 9.9: 

5.1 Representations and Warranties. The representations and warranties of the Company contained in Article 3 shall be true and
correct as of the date of the Closing with the same effect as though such representations and warranties had been made on and as of the date of the Closing. 
 5.2 Performance. The Company shall have performed and complied in all material respects with all agreements, obligations and conditions contained in this Agreement that are required to be performed
or complied with by it on or before the date of the Closing. 
 5.3 Tender Offer. The Successful Completion of the Tender
Offer shall have occurred and the Company shall have purchased shares of Common Stock pursuant thereto in accordance with the terms thereof. 
 5.4 Further Assurances. No governmental authority shall have advised or notified Artal that the consummation of the transactions contemplated hereunder would constitute a material violation of any
applicable laws or regulations, which notification or advice shall not have been withdrawn after the exhaustion of the Artal’s good faith efforts to cause such withdrawal. 

  
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 SECTION 6 
 COVENANTS 
 6.1 No Purchase of Common Stock. Until eleven business days
following the expiration date of the Tender Offer, Artal agrees that it and its affiliates will not, directly or indirectly, purchase any shares of Common Stock. 
 6.2 No Sale of Common Stock. Except as contemplated hereunder, from the date hereof until the Closing or the termination of this Agreement, Artal agrees, on behalf of itself and its affiliates,
that it and its affiliates, directly or indirectly, will not sell any shares of Common Stock, including in the Tender Offer. 

6.3 Closing Conditions. Artal and the Company shall use their commercially reasonable efforts to ensure that each of the
conditions to Closing is satisfied. 
 6.4 Withholding. The Purchase Price shall be paid free and clear of any and all
U.S. federal, state, local or foreign income or withholding taxes except as provided in this Section 6.4. If the Company reasonably determines, pursuant to Section 302(d) of Internal Revenue Code of 1986, as amended (the “Code”),
that the sale of Shares hereunder is properly treated as a “distribution” subject to Section 301 of the Code, the Company shall withhold an amount therefrom, such amount to be calculated based on the Company’s reasonable estimate
of the Company’s current and accumulated earnings and profits for the year in which the Closing occurs, as determined in accordance with Treasury Regulation Section 1.1441-3(c)(2)(ii). If Artal certifies as to its eligibility for a reduced
rate of withholding pursuant to an income tax treaty on IRS Form W-8BEN provided to the Company by Artal, any such withholding shall be made at such reduced rate. Any amount withheld by the Company in accordance with this Section 6.4 shall be
remitted to the appropriate taxing authority, and such remittance shall be treated for purposes of this Agreement as a payment of a portion of the Purchase Price to Artal. 
 SECTION 7 
 SURVIVAL OF REPRESENTATIONS AND WARRANTIES; LIMITATION ON LIABILITY

 7.1 Survival. All representations and warranties hereunder shall survive the Closing. 

7.2 Limitation on Liability. Notwithstanding the foregoing, in no event shall Artal’s liability for breach of the
representations, warranties and covenants exceed the Purchase Price to be paid by the Company to Artal. 
 SECTION 8 

ARTAL CONSENT 

8.1 Consent. Artal’s consent shall be required for any amendment to the terms of the Tender Offer that changes the Total
Consideration (other than in connection with an election by the Company to purchase up to an additional 2% of the outstanding shares of Common Stock under the Offer pursuant to Rule 13e-4 of the Securities and Exchange Act of 1934) or the Price
Range, except as required by law. 

  
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 SECTION 9 
 MISCELLANEOUS 
 9.1 Adjustments. Wherever a particular number is specified
herein, including, without limitation, number of shares or price per share, such number shall be adjusted to reflect any stock dividends, stock-splits, reverse stock-splits, combinations or other reclassifications of stock or any similar
transactions and appropriate adjustments shall be made with respect to the relevant provisions of this Agreement so as to fairly and equitably preserve, as far as practicable, the original rights and obligations of the Company and Artal under this
Agreement. 
 9.2 Successors and Assigns. Except as otherwise expressly provided herein, the provisions hereof shall
inure to the benefit of, and be binding upon, the successor and assigns of the parties hereto. 
 9.3 Entire Agreement;
Amendment. This Agreement contains all the terms agreed upon among the parties with respect to the subject matter hereof and supersedes all prior agreements, arrangements and communications, whether oral or written with respect to such subject
matter. Neither this Agreement nor any provision hereof may be amended, changed or waived other than by a written instrument signed by the party against who enforcement of any such amendment, change or waiver is sought. 

9.4 Cooperation. The Company and Artal shall, from and after the date hereof, cooperate in a reasonable manner to effect the
purposes of this Agreement. 
 9.5 Termination. The Company or Artal may terminate this Agreement if (a) the Tender
Offer is not commenced by March 5, 2012, (b) the Tender Offer is terminated without the purchase of any shares of Common Stock or (c) if the Tender Offer is not consummated by April 30, 2012 ; provided that the Company may
not terminate this Agreement under this clause (c) unless the Tender Offer is terminated. Upon termination of this Agreement pursuant to this Section 9.5, none of the parties hereto shall have any liability hereunder except for breaches of
such party’s representations, warranties or covenants occurring prior to the date of such termination. 
 9.6
Notices. All notices and all other communications hereunder shall be in writing and shall be deemed given if delivered personally or sent by registered or certified mail, postage prepaid (return receipt requested), sent by facsimile (receipt
of which is confirmed) or sent by a nationally recognized overnight courier (receipt of which is confirmed) to a party at the following address (or at such other address for a party as shall be specified by like notice): 

If to Artal: 

Artal Holdings Sp. z o.o., Succursale de Luxembourg 
 10-12, avenue Pasteur 
 L-2310 Luxemburg 

Attention: Audrey Le Pit 
 Facsimile: (352) 22 42 59 22 

  
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 with a copy to: 
 The Invus Group, LLC 
 750 Lexington Avenue 

New York, New York 10022 
 Attention: Christopher Sobecki 
 Facsimile: 212-371-1829 

If to the Company: 
 Weight Watchers International, Inc. 
 11 Madison Avenue 

New York, New York 10010 
 Attention: General Counsel 
 Facsimile: 212-589-2601 

with a copy to: 

Simpson Thacher & Bartlett LLP 
 425 Lexington Avenue 
 New York, NY 10017 

Attention: Robert E. Spatt, Esq. 
 Eric M. Swedenburg, Esq. 
 Kenneth B. Wallach, Esq. 

Facsimile: 212-455-2502 
 Each
such notice or other communication shall be effective at the time of receipt if delivered personally or sent by facsimile (with receipt confirmed) or nationally recognized overnight courier (with receipt confirmed), or three (3) business days
after being mailed, registered or certified mail, postage prepaid, return receipt requested. 
 9.7 Severability. If any
provision of this Agreement shall be judicially determined to be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

9.8 GOVERNING LAW; JURISDICTION. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE
STATE OF NEW YORK. Any legal action or other legal proceeding relating to this Agreement or the enforcement of any provision of this Agreement may be brought or otherwise commenced in any state or federal court sitting in the Borough of Manhattan of
the City of New York. Each party hereto agrees to the entry of an order to enforce any resolution, settlement, order or award made pursuant to this Section 9.8 by the state and federal courts sitting in the Borough of Manhattan of the City of
New York and in connection therewith hereby irrevocably waives, and agrees not to assert by way of motion, defense, or otherwise, in any such action or proceeding, any claim that it is not subject personally to the jurisdiction of the above-named
courts, that its property is exempt or immune from attachment or execution, that the action or proceeding is brought in an inconvenient forum, that the venue of the action is improper, or that this Agreement or the transactions contemplated by this
Agreement may not be enforced in or by any of the above-named courts. 

  
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 9.9 Delays or Omissions. It is agreed that no delay or omission to exercise any
right, power or remedy accruing to any party upon any breach or default of any other party under this Agreement shall impair any such right, power or remedy, nor shall it be construed to be a waiver of any such breach or default, or any acquiescence
therein, or of any similar breach or default thereafter occurring; nor shall any waiver of any single breach or default be deemed a waiver of any other breach or default theretofore or thereafter occurring. It is further agreed that any waiver,
permit, consent or approval of any kind or character of any breach or default under this Agreement, or any waiver of any provisions or conditions of this Agreement must be in writing and shall be effective only to the extent specifically set forth
in writing, and that all remedies, either under this Agreement, by law or otherwise, shall be cumulative and not alternative. 

9.10 Consents. Any permission, consent, or approval of any kind or character under this Agreement shall be in writing and shall be
effective only to the extent specifically set forth in such writing. 
 9.11 Specific Performance. The parties hereto
agree that irreparable damage would occur in the event any provision of this Agreement was not performed in accordance with the terms hereof and that the parties shall be entitled to an injunction or injunctions to prevent or cure breaches of this
Agreement and to enforce specifically the terms and provisions of this Agreement in addition to any other remedy to which they are entitled at law or in equity, and any party sued for breach of this Agreement expressly waives any defense that a
remedy in damages would be adequate. 
 9.12 Payment of Fees and Expenses. Each party shall be responsible for paying its
own fees, costs and expenses in connection with this Agreement and the transactions herein contemplated. 
 9.13 Construction
of Agreement. No provision of this Agreement shall be construed against either party as the drafter thereof. The titles of the Sections of this Agreement are for convenience of reference only and in no way define, limit, extend, or describe the
scope of this Agreement or the intent of any of its provisions. 
 9.14 Counterparts. This Agreement may be executed in
any number of counterparts, including via facsimile, each of which shall be an original, but all of which together shall constitute one instrument. 
 [Signatures follow on next page] 

  
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 IN WITNESS WHEREOF, the parties have caused this Stock Purchase Agreement to be duly
executed and delivered by their proper and duly authorized officers as of the day and year first written above. 
  

			
	WEIGHT WATCHERS INTERNATIONAL, INC.
		
	By:	 	/s/ David P. Kirchhoff
		 	Name: David P. Kirchhoff
		 	Title:   President and Chief Executive Officer

  

			
	ARTAL HOLDINGS SP. Z O.O., SUCCURSALE DE LUXEMBOURG
		
	By:	 	/s/ Audrey Le Pit
		 	Name: Audrey Le Pit
		 	Title:   Branch Manager

 [Purchase Agreement]Transition Services and Separation Agreement

 Exhibit 10.1 
 TRANSITION SERVICES AND SEPARATION AGREEMENT 
 FOR AND IN
CONSIDERATION of the mutual promises, covenants, and agreements made by and between Kevin G. Hostetler (“Executive”, a term which includes himself and all assigns, heirs, and successors in interest) and IDEX Services Corporation
(“Company”, a term that includes IDEX Services Corporation, its parent, IDEX Corporation (“IDEX”), and their subsidiaries, or affiliated companies, as well as the officers, directors, shareholders, employees, agents, attorneys
and contractors of each), Executive and Company hereby enter into this Transition Services and Separation Agreement (the “Agreement”) to be effective on the later of the date this Agreement is executed by Executive or the date this
Agreement is executed by Company (the “Effective Date”): 
 1. TRANSITION SERVICES.
THE COMPANY DESIRES TO TRANSITION EXECUTIVE’S JOB DUTIES TO OTHER
INDIVIDUALS AND DESIRES THAT THE EXECUTIVE ASSIST IN THE ORDERLY TRANSITION
OF EXECUTIVE’S DUTIES AND THE EXECUTIVE IS WILLING TO PERFORM
HIS DUTIES TO ASSIST IN SUCH TRANSITION. EXECUTIVE UNDERSTANDS THAT HE
WILL PERFORM THOSE DUTIES AND ASSIST IN TRANSITION OF PREVIOUSLY HELD
DUTIES AS DIRECTED BY THE CHIEF EXECUTIVE OFFICER OF IDEX. AS FURTHER
DESCRIBED BELOW, EXECUTIVE SHALL REMAIN AN EMPLOYEE OF COMPANY AND IS
BEING RETAINED AS AN EMPLOYEE DURING THE PERIOD FROM THE EFFECTIVE
DATE THROUGH THE TERMINATION DATE (AS DEFINED BELOW) (THE “PERIOD OF
EMPLOYMENT”) TO PROVIDE SERVICES AS MAY BE REQUESTED BY THE CHIEF
EXECUTIVE OFFICER OF IDEX CORPORATION. IT IS FURTHER UNDERSTOOD THAT THE
EXECUTIVE’S EMPLOYMENT WITH THE COMPANY AND PERIOD OF EMPLOYMENT WILL
END ON THE CLOSE OF BUSINESS ON THE TERMINATION DATE WHEREUPON ALL
PAYMENTS, BENEFITS AND PRIVILEGES RELATED TO EMPLOYMENT SHALL CEASE, EXCEPT AS
EXPRESSLY SET FORTH IN THIS AGREEMENT. THE “TERMINATION DATE” SHALL BE
APRIL 8, 2012. EXECUTIVE HEREBY CONFIRMS HIS RESIGNATION EFFECTIVE AS OF THE
CLOSE OF BUSINESS ON THE TERMINATION DATE FROM, AND HIS RELINQUISHMENT,
EFFECTIVE AS OF THE CLOSE OF BUSINESS ON THE EFFECTIVE DATE, OF
ALL, DIRECTOR, MANAGER, OFFICER AND OTHER ELECTED AND APPOINTED POSITIONS HE
MAY HAVE HELD WITH THE COMPANY OR ANY OF ITS SEGMENTS, DIVISIONS,
GROUPS OR UNITS AS OF SUCH DATE. EXECUTIVE AND THE COMPANY SHALL
MUTUALLY AGREE AS TO THE TEXT OF ANY ANNOUNCEMENT AND FORM 8-K
RELATED TO HIS SEPARATION FROM THE COMPANY. 
 2. ADEQUACY OF CONSIDERATION. FOR AND IN CONSIDERATION OF THE
BENEFITS OUTLINED IN SECTION 3 AND OTHER GOOD AND VALUABLE CONSIDERATION, THE
PARTIES ACKNOWLEDGE THE ADEQUACY OF THE CONSIDERATION PROVIDED HEREIN BY EACH
TO THE OTHER, THAT THIS IS A LEGALLY BINDING DOCUMENT, AND THAT
THEY INTEND TO COMPLY WITH AND BE FAITHFUL TO ITS TERMS.

 3. CONSIDERATION TO EXECUTIVE. IN
CONSIDERATION FOR THE PROMISES OF EXECUTIVE SET FORTH HEREIN AND PROVIDED
THAT THE EXECUTIVE DOES NOT BREACH THIS AGREEMENT, THE COMPANY AGREES
TO: 
  

	 	(a)	CONTINUE THE EXECUTIVE ON THE COMPANY’S
PAYROLL DURING THE PERIOD OF EMPLOYMENT AT A BIWEEKLY PAY RATE OF
FIFTEEN THOUSAND NINE HUNDRED SIXTY-ONE DOLLARS AND 54/100 ($15,961.54). PAYMENTS WILL
BE REDUCED BY ALL STATUTORILY REQUIRED DEDUCTIONS AND ANY EXECUTIVE AUTHORIZED
DEDUCTIONS. THESE PAYMENTS WILL BE MADE TO THE EXECUTIVE ON THE
COMPANY’S REGULAR SCHEDULED PAY DATES. DURING THE PERIOD OF EMPLOYMENT,
THE EXECUTIVE WILL CONTINUE TO BE ELIGIBLE TO PARTICIPATE IN THE
BENEFITS PROVIDED THROUGH THE IDEX CORPORATION CHOICECOMP PLAN AND THE IDEX
CORPORATION SAVINGS PLAN AND WILL RECEIVE EXECUTIVE’S AUTOMOBILE ALLOWANCE (BUT
NOT REIMBURSEMENT FOR AUTOMOBILE EXPENSES OTHER THAN EXPENSES INCURRED IN HIS
PERFORMANCE OF BUSINESS DUTIES UNDER THIS AGREEMENT AND IN ACCORDANCE WITH
THE COMPANY’S EXPENSE REIMBURSEMENT POLICIES). THE EXECUTIVE WILL BE REQUIRED
TO PAY ALL REQUIRED PAYROLL DEDUCTIONS FOR BENEFITS. EXECUTIVE WILL BE
ENTITLED TO RECEIVE PAYMENT OF ANY ANNUAL MICP BONUS UNDER THE TERMS
OF THE MANAGEMENT INCENTIVE COMPENSATION PLAN (“MICP”) FOR THE SERVICE PERIOD
OF CALENDAR YEAR 2011, WHICH PAYMENT SHALL BE $442,649. THIS ANNUAL MICP BONUS WILL
BE PAID AT THE TIME SPECIFIED PURSUANT TO THE TERMS OF THE MICP
IN 2012 BUT NOT LATER THAN BY MARCH 15, 2012. THE EXECUTIVE WILL NOT
BE ELIGIBLE FOR ANY MICP AWARDS FOR THE CALENDAR YEAR 2012. 

 

	 	(b)	EXECUTIVE WILL BE ENTITLED TO RECEIVE SEVERANCE
OF TWELVE (12) MONTHS OF BASE SALARY AT THE EXECUTIVE’S CURRENT
COMPENSATION RATE ($415,000) AND TARGET ANNUAL BONUS AT THE CURRENT TARGET MICP
PERCENTAGE ($290,500) FOR A TOTAL PAYMENT OF SEVEN HUNDRED FIVE THOUSAND, FIVE
HUNDRED DOLLARS ($705,500) (“BASE SEVERANCE”) IN ACCORDANCE WITH THE TERMS OF
THIS AGREEMENT. PAYMENT OF THE BASE SEVERANCE WILL BE REDUCED BY ALL
STATUTORILY REQUIRED DEDUCTIONS AND ANY EXECUTIVE AUTHORIZED DEDUCTIONS. 

 

	 	(c)	EXECUTIVE WILL VEST IN ANY AND ALL RESTRICTED
STOCK AWARDS AND STOCK OPTION AWARDS WHICH WOULD VEST UNDER THE TERMS
OF SUCH AWARDS BASED ON CONTINUED SERVICE THROUGH AND INCLUDING THE
TERMINATION DATE. EFFECTIVE AS OF THE EFFECTIVE DATE, EXECUTIVE HEREBY FORFEITS
AND SURRENDERS ANY AND ALL OTHER RESTRICTED STOCK AWARDS AND STOCK
OPTION AWARDS WHICH ARE SCHEDULED TO VEST BASED ON SERVICE CONTINUING
AFTER THE TERMINATION DATE. 

  

	 	(d)	PROVIDED THAT EXECUTIVE DOES NOT BREACH THIS
AGREEMENT OR THE RELEASE (AS DEFINED BELOW), THE COMPANY SHALL PAY
EXECUTIVE AS ADDITIONAL SEVERANCE A SINGLE LUMP SUM AMOUNT OF TWO
HUNDRED FIFTY THOUSAND DOLLARS ($250,000) (“ENHANCED SEVERANCE”). PAYMENT OF THE ENHANCED
SEVERANCE WILL BE REDUCED BY ALL STATUTORILY REQUIRED DEDUCTIONS AND ANY
EXECUTIVE AUTHORIZED DEDUCTIONS. 

	 	(e)	PAYMENT OF THE BASE SEVERANCE, ENHANCED SEVERANCE,
AND THE BENEFITS PROVIDED UNDER SECTION 3(F) ARE ALL CONDITIONED ON
EXECUTIVE’S SIGNING (FOLLOWING THE TERMINATION DATE), EXECUTIVE’S NOT
REVOKING, AND THE COMPANY’S RECEIPT OF A RELEASE (IN THE FORM
ATTACHED AS EXHIBIT A OF THIS AGREEMENT) (THE “RELEASE”) ON OR WITHIN
TEN (10) DAYS FOLLOWING THE TERMINATION DATE. PAYMENT OF BASE SEVERANCE AND
ENHANCED SEVERANCE WILL BE MADE IN A SINGLE LUMP SUM PAYMENT TO
THE EXECUTIVE ON THE COMPANY’S FIRST REGULAR SCHEDULED PAY DATE
FOLLOWING THE DATE THE RELEASE IS EFFECTIVE AND MAY NO LONGER BE
REVOKED. 

  

	 	(f)	FOR THE PERIOD ENDING ON THE EARLIER OF
(I) TWELVE-MONTHS FOLLOWING THE TERMINATION DATE OR (II) THE DATE
ON WHICH EXECUTIVE BECOMES ELIGIBLE TO RECEIVE GROUP MEDICAL COVERAGE FROM
ANOTHER EMPLOYER, EXECUTIVE WILL BE ENTITLED TO RECEIVE CONTINUED COVERAGE UNDER
THE COMPANY’S GROUP MEDICAL PLANS AND THE EXECUTIVE’S COST
OF GROUP MEDICAL PLAN COVERAGE WILL BE THE SAME AS THE AMOUNT
PAID BY EMPLOYEES OF THE COMPANY UNDER THE COMPANY’S GROUP
MEDICAL PLANS. THIS AGREEMENT SHALL NOT COMPROMISE ANY RIGHT EXECUTIVE MAY
HAVE TO GROUP HEALTH CONTINUATION COVERAGE UNDER SECTIONS 601 ET SEQ. OF ERISA
(“COBRA”). WITH RESPECT TO COMPANY’S GROUP MEDICAL PLANS, THE TERMINATION
DATE WILL BE THE DATE OF EXECUTIVE’S “QUALIFYING EVENT” FOR
PURPOSES OF EXECUTIVE’S CONTINUATION COVERAGE RIGHTS UNDER COBRA. 

 

	 	(g)	THE EXECUTIVE WILL RECEIVE OUTPLACEMENT SERVICES FROM
SHIELDS MELENEY PARTNERS FOR WHICH THE COMPANY WILL REIMBURSE HIM UP
TO $75,000 IN THE AGGREGATE. 

  

	 	(h)	EXECUTIVE AGREES TO USE ALL ACCRUED VACATIONS
DAYS BETWEEN THE EFFECTIVE DATE AND THE TERMINATION DATE, SUCH THAT
ON THE TERMINATION DATE EXECUTIVE SHALL HAVE NO FURTHER RIGHT TO ANY
ACCRUED BUT UNUSED VACATION. 

 In the event of
Executive’s death, the unpaid balance of the monies due to Executive under the Agreement shall continue to be paid to Executive’s estate. 
 During the Period of Employment and for 90 days thereafter, the Executive shall be subject to all “closed trading windows” as directed via email or regular mail by the General Counsel of IDEX
Corporation for the exercise of any and all options, and the sale of any and all shares of IDEX Corporation stock. 

 After signing this Agreement, Executive shall not be eligible for any other payments,
benefits and privileges related to employment or other consideration other than as expressly provided in this Agreement or in any other compensation or benefit arrangement under with Executive has any vested or contractual rights, or as may be
provided under applicable law. 
 4. OTHER BENEFITS. NOTHING IN
THIS AGREEMENT SHALL: 
  

	 	(a)	ALTER OR REDUCE ANY VESTED, ACCRUED PENSION
BENEFITS (IF ANY) TO WHICH EXECUTIVE MAY BE ENTITLED UNDER THE IDEX
CORPORATION RETIREMENT PLAN, THE IDEX CORPORATION DEFINED CONTRIBUTION PLAN, THE IDEX CORPORATION
SAVINGS PLAN (401(K)) PLAN OR UNDER THE IDEX CORPORATION SUPPLEMENTAL EXECUTIVE
RETIREMENT AND DEFERRED COMPENSATION PLAN; OR; 

  

	 	(b)	AFFECT EXECUTIVE’S RIGHT TO ELECT AND
PAY FOR CONTINUATION OF GROUP MEDICAL PLAN COVERAGE UNDER THE
COMPANY’S GROUP MEDICAL PLANS PURSUANT TO COBRA. 

Executive’s benefits under the plans identified in Section 4(a) shall be paid to him pursuant to the terms of the plan
documents. 
 5. NON-SOLICITATION OF COMPANY EMPLOYEES.
EXECUTIVE AGREES THAT COMPANY HAS INVESTED SUBSTANTIAL TIME AND EFFORT IN
ASSEMBLING AND TRAINING ITS PRESENT STAFF OF PERSONNEL. ACCORDINGLY, EXECUTIVE
AGREES THAT DURING THE PERIOD OF EMPLOYMENT AND FOR A PERIOD OF
ONE (1) YEAR FOLLOWING THE TERMINATION DATE, EXECUTIVE WILL NOT DIRECTLY OR
INDIRECTLY INDUCE OR SOLICIT OR SEEK TO INDUCE OR SOLICIT OR ASSIST
IN INDUCING OR SOLICITING ON BEHALF OF EXECUTIVE OR OTHERS, ANY OF
THE COMPANY’S EMPLOYEES. NOTWITHSTANDING THE FOREGOING, EXECUTIVE SHALL NOT BE
DEEMED TO HAVE VIOLATED THIS PROVISION MERELY BECAUSE A COMPANY EMPLOYEE
IS HIRED BY ANY ENTITY THAT EMPLOYS EXECUTIVE PROVIDED THAT EXECUTIVE
HAS NOT SOLICITED THAT EMPLOYEE OR OTHERWISE BEEN INVOLVED IN HIS/HER
HIRING. 
 6. NON-SOLICITATION OF CUSTOMERS.
EXECUTIVE AGREES THAT THE COMPANY’S RELATIONSHIPS WITH ITS CUSTOMERS ARE
SOLELY THE ASSETS AND PROPERTY OF THE COMPANY. EXECUTIVE AGREES THAT
DURING THE PERIOD OF EMPLOYMENT AND FOR A PERIOD OF ONE (1) YEAR
FOLLOWING THE TERMINATION DATE, EXECUTIVE SHALL NOT DIRECTLY OR THROUGH OTHERS
SOLICIT OR ATTEMPT TO SOLICIT ANY OF THE COMPANY’S CUSTOMERS FOR
THE PURPOSE OF PROVIDING PRODUCTS OR SERVICES COMPETITIVE TO THOSE OFFERED
BY THE COMPANY. THIS SOLICITATION RESTRICTION APPLIES ONLY TO THOSE CUSTOMERS
WITH WHOM EXECUTIVE HAD MATERIAL CONTACT ON BEHALF OF THE COMPANY.
“MATERIAL CONTACT” MEANS: (I) DIRECT PERSONAL CONTACT WITH A CUSTOMER
FOR THE PURPOSE OF, RESPECTIVELY, PURCHASING MATERIALS OR SERVICES FOR USE
BY THE COMPANY OR SELLING THE COMPANY’S PRODUCTS OR SERVICES TO
CUSTOMERS OR (II) ANY DIRECT SUPERVISION OF DIRECT PERSONAL CONTACTS OTHER
EMPLOYEES OF THE COMPANY MAY HAVE WITH CUSTOMERS. CUSTOMERS ARE THOSE
CUSTOMERS AND PROSPECTIVE CUSTOMERS WITH WHOM EXECUTIVE HAD MATERIAL CONTACT WITHIN
ONE (1) YEAR PRIOR TO THE TERMINATION OF EXECUTIVE’S EMPLOYMENT WITH
THE COMPANY. 

 7. NON-COMPETITION. IN CONSIDERATION
OF THE COMPENSATION AND OTHER BENEFITS TO BE PAID TO THE EXECUTIVE
UNDER AND IN CONNECTION WITH THIS AGREEMENT, INCLUDING SPECIFICALLY THE ENHANCED
SEVERANCE, THE EXECUTIVE AGREES THAT, BEGINNING ON THE EFFECTIVE DATE AND
CONTINUING FOR A PERIOD OF ONE (1) YEAR FOLLOWING THE TERMINATION DATE,
HE WILL NOT PERFORM SERVICES AS AN AGENT, EMPLOYEE, OFFICER, OR
DIRECTOR OF, OR CONSULTANT TO, DOVER CORPORATION’S PUMP SOLUTIONS GROUP,
XYLEM (IN THE FORMER ITT WATER UNIT), AND THE UTC WATER BUSINESS-NEPTUNE
AND MILTON ROY; PROVIDED THAT EXECUTIVE MAY SERVE AS AN AGENT,
EMPLOYEE, OFFICER, OR DIRECTOR OF, OR CONSULTANT TO DOVER, XYLEM OR UTC
IF HIS ROLE DOES NOT INVOLVE IN ANY RESPECT THE IDENTIFIED BUSINESS
UNITS. 
 8. TRADE SECRET AND CONFIDENTIAL
INFORMATION. EXECUTIVE ACKNOWLEDGES THAT IN THE COURSE OF EMPLOYMENT, EXECUTIVE HAD
ACCESS TO AND OBTAINED KNOWLEDGE OF TRADE SECRETS AND/OR CONFIDENTIAL
INFORMATION RELATING TO THE COMPANY’S BUSINESS. EXECUTIVE RECOGNIZES AND
ACKNOWLEDGES THAT THE COMPANY’S TRADE SECRET AND CONFIDENTIAL INFORMATION
CONSTITUTES VALUABLE, SPECIAL AND UNIQUE ASSETS OF THE COMPANY AND USE
OR DISCLOSURE THEREOF CONTRARY TO THE TERMS OF THIS AGREEMENT WOULD
CAUSE SUBSTANTIAL LOSS OF COMPETITIVE ADVANTAGE AND OTHER SERIOUS INJURY TO
THE COMPANY. 
  

	 	(a)	“TRADE SECRETS” MEANS ALL INFORMATION FROM WHICH
THE COMPANY, OR ANY PERSON OR COMPANY THAT DOES BUSINESS WITH THE
COMPANY, DERIVES ACTUAL OR POTENTIAL ECONOMIC VALUE FROM ITS NOT BEING
KNOWN BY THOSE WHO CAN OBTAIN ECONOMIC VALUE FROM ITS DISCLOSURE OR
USE AND IT NOT BEING READILY ASCERTAINABLE BY PROPER MEANS. TRADE
SECRETS MEANS ANY ITEM OF CONFIDENTIAL INFORMATION THAT CONSTITUTES A “TRADE
SECRET” UNDER APPLICABLE COMMON LAW OR STATUTORY LAW. 

 

	 	(b)	 “CONFIDENTIAL INFORMATION” MEANS INFORMATION WHICH
IS TREATED BY THE COMPANY AS CONFIDENTIAL AND WHICH IS OF VALUE
TO THE COMPANY BECAUSE IT HAS NOT BEEN MADE GENERALLY AVAILABLE TO
THE PUBLIC OR TO COMPETITORS OF THE COMPANY (OTHER THAN BY FAULT
OF EXECUTIVE), AND INCLUDES BUT IS NOT LIMITED TO ORAL, WRITTEN AND
ELECTRONICALLY OR DIGITALLY STORED INFORMATION RELATED TO THE COMPANY’S
FINANCIAL AFFAIRS, FINANCING METHODS, PROFIT AND PERFORMANCE REPORTS, ACCOUNTING, MARKETING,
METHODS OF OPERATION AND SALES, CURRENT OR POTENTIAL CUSTOMER LISTS, CURRENT
OR POTENTIAL VENDOR LISTS, BUSINESS PLANS AND STRATEGIES, PRODUCT DEVELOPMENT,
IDEAS, CONCEPTS, DESIGNS, IMPROVEMENTS, PROCESSES, CURRENT AND FUTURE DEVELOPMENT AND
EXPANSION OR CONTRACTION PLANS OF THE COMPANY, 

	 	
INFORMATION CONCERNING PERSONNEL ASSIGNMENTS AND PERSONNEL MATTERS,
TRAINING MANUALS, AND ANY OTHER INFORMATION RELATING TO THE COMPANY’S
BUSINESS THAT IS TREATED BY THE COMPANY AS CONFIDENTIAL OR IS LABELED
AS “CONFIDENTIAL” OR TO SIMILAR EFFECT. CONFIDENTIAL INFORMATION ALSO INCLUDES
ANY INFORMATION DESCRIBED AS PROPRIETARY OR DESIGNATED AS CONFIDENTIAL INFORMATION,
WHETHER OR NOT OWNED BY THE COMPANY. 

 Executive agrees that during employment with the Company and for all periods following the termination of employment, Executive shall not, other than on behalf of the Company, divulge or make use of any
confidential information of the Company directly, indirectly, personally, or on behalf of any other person, business, corporation or entity, and further shall diligently protect any and all Confidential Information against loss by inadvertent or
unauthorized disclosure, use or misappropriation during this period. This covenant is not intended to and does not limit in any way Executive’s duties and obligations to the Company under statutory or case law not to disclose or make personal
use of such information or any trade secret information of the Company. 
 9. EQUITABLE REMEDIES;
AVAILABILITY OF OTHER REMEDIES; OBLIGATIONS ABSOLUTE. 
  

	 	(a)	EXECUTIVE REPRESENTS AND WARRANTS THAT EXECUTIVE HAS
HAD AN OPPORTUNITY TO CONSULT WITH AN ATTORNEY REGARDING THIS AGREEMENT,
HAS THOROUGHLY AND COMPLETELY REVIEWED THIS AGREEMENT WITH AN ATTORNEY, AND
FULLY UNDERSTANDS THE CONTENTS HEREOF. 

  

	 	(b)	EXECUTIVE ACKNOWLEDGES THAT (I) THE PROVISIONS OF
SECTIONS 5, 6, 7, AND 8 ARE REASONABLE AND NECESSARY TO PROTECT THE LEGITIMATE
INTERESTS OF IDEX AND ITS AFFILIATES, AND (II) ANY VIOLATION OF SECTIONS 5, 6,
7, OR 8 WILL RESULT IN IRREPARABLE INJURY TO IDEX, THE EXACT AMOUNT OF
WHICH WILL BE DIFFICULT TO ASCERTAIN, AND THAT THE REMEDIES AT LAW
FOR ANY SUCH VIOLATION WOULD NOT BE REASONABLE OR ADEQUATE COMPENSATION
TO IDEX AND ITS AFFILIATES FOR SUCH A VIOLATION. ACCORDINGLY, EXECUTIVE AGREES
THAT IF EXECUTIVE VIOLATES THE PROVISIONS OF SECTIONS 5, 6, OR 8 IN ADDITION
TO ANY OTHER REMEDY WHICH MAY BE AVAILABLE AT LAW OR IN
EQUITY, IDEX AND ITS AFFILIATES SHALL BE ENTITLED TO SPECIFIC PERFORMANCE AND
INJUNCTIVE RELIEF, WITHOUT POSTING BOND OR OTHER SECURITY, AND WITHOUT THE
NECESSITY OF PROVING ACTUAL DAMAGES. FURTHER, EXECUTIVE UNDERSTANDS THAT ANY DAMAGES
BASED ON THE BREACH OF THE PROVISIONS OF SECTION 7 WILL BE
DIFFICULT TO MEASURE, AND BASED ON SUCH CONSIDERATION, EXECUTIVE UNDERSTANDS AND
AGREES THAT BASED ON ANY BREACH OF THE PROVISIONS IN SECTION 7
BY EXECUTIVE, EXECUTIVE SHALL BE LIABLE TO IDEX FOR THE AMOUNT OF TWO HUNDRED FIFTY
THOUSAND AND 00/100 DOLLARS ($250,000). 

	 	(c)	THE RIGHTS AND REMEDIES OF IDEX AND ITS
AFFILIATES UNDER THIS AGREEMENT ARE NOT EXCLUSIVE OF OR LIMITED BY
ANY OTHER RIGHTS OR REMEDIES THAT IT MAY HAVE, WHETHER AT LAW,
IN EQUITY, BY CONTRACT OR OTHERWISE, ALL OF WHICH SHALL BE CUMULATIVE
(AND NOT ALTERNATIVE). WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, THE
RIGHTS AND REMEDIES OF IDEX AND ITS AFFILIATES UNDER THIS AGREEMENT, AND
THE OBLIGATIONS AND LIABILITIES OF EXECUTIVE UNDER THIS AGREEMENT, ARE IN
ADDITION TO THEIR RESPECTIVE RIGHTS, REMEDIES, OBLIGATIONS AND LIABILITIES UNDER THE
LAW OF UNFAIR COMPETITION, UNDER LAWS RELATING TO MISAPPROPRIATION OF TRADE
SECRETS, UNDER OTHER LAWS AND COMMON LAW REQUIREMENTS AND UNDER ALL
APPLICABLE RULES AND REGULATIONS. 

  

	 	(d)	EXECUTIVE’S OBLIGATIONS UNDER THIS AGREEMENT ARE
ABSOLUTE AND SHALL NOT BE TERMINATED OR OTHERWISE LIMITED BY VIRTUE
OF ANY BREACH (ON THE PART OF THE COMPANY, IDEX, OR ANY OTHER
PERSON) OF ANY PROVISION OF ANY OTHER AGREEMENT, OR BY VIRTUE OF
ANY FAILURE TO PERFORM OR OTHER BREACH OF ANY OBLIGATION OF THE
COMPANY, IDEX, OR ANY OTHER PERSON. 

 10.
WAIVER OF REINSTATEMENT. EXECUTIVE HEREBY WAIVES ANY RIGHT TO REINSTATEMENT,
REEMPLOYMENT OR EMPLOYMENT WITH THE COMPANY. EXECUTIVE FURTHER AGREES NOT TO
APPLY FOR FUTURE EMPLOYMENT WITH THE COMPANY UNLESS FIRST APPROVED BY
THE VICE PRESIDENT, GENERAL COUNSEL AND SECRETARY OF IDEX CORPORATION. 

11. NO HARASSING CONDUCT. EXECUTIVE COVENANTS THAT
HE SHALL NOT UNDERTAKE ANY HARASSING OR DISPARAGING CONDUCT DIRECTED AT
ANY PARTY TO THIS AGREEMENT AND THAT HE SHALL REFRAIN FROM MAKING
ANY HARASSING OR DISPARAGING STATEMENTS CONCERNING ANY PARTY TO THIS AGREEMENT
TO ANY THIRD PARTY. THE COMPANY COVENANTS THAT IT AND ITS EXECUTIVE
OFFICERS AND OTHER EXECUTIVES WHO REPORT DIRECTLY TO THE CHIEF EXECUTIVE
OFFICER WILL REFRAIN FROM MAKING ANY DISPARAGING STATEMENTS REGARDING
EXECUTIVE’S PERFORMANCE OF DUTIES WITH THE COMPANY PROVIDED HOWEVER, THAT
COMPANY, AND ITS EXECUTIVE OFFICERS, SHALL BE FREE TO PROVIDE TRUTHFUL
STATEMENTS REGARDING EXECUTIVE’S PERFORMANCE OF DUTIES IN RESPONSE TO ANY
PARTY WHICH IS REQUESTING SUCH INFORMATION WHERE SUCH REQUEST HAS BEEN
AUTHORIZED EITHER BY (I) EXECUTIVE IN WRITING OR (II) EXECUTIVE INDICATING
TO A POTENTIAL EMPLOYER THAT IT MAY CONTACT AN INDIVIDUAL AT THE
COMPANY TO OBTAIN A REFERENCE. NOTHING IN THIS SECTION AFFECTS OR
LIMITS A PARTY’S RIGHT TO PROVIDE TRUTHFUL INFORMATION IN RESPONSE
TO AN OFFICIAL INQUIRY OR ORDER BY ANY GOVERNMENTAL OR REGULATORY
BODY OR WHICH IS REQUIRED BY ANY APPLICABLE LAW OR REGULATION OR
ORDER OF A COURT. 

 12. RETURN OF PROPERTY. EXECUTIVE
AGREES THAT EXECUTIVE HAS NOT REMOVED AND WILL NOT REMOVE ANY COMPANY
PROPERTY FROM COMPANY’S PREMISES, EXCEPT AS AUTHORIZED BY THE COMPANY
IN WRITING, OR THAT EXECUTIVE WILL RETURN ALL OF THE COMPANY’S
PROPERTY ON THE TERMINATION DATE. SUCH PROPERTY INCLUDES, BUT IS NOT
LIMITED TO, THE ORIGINAL AND ANY COPIES OF ANY CONFIDENTIAL INFORMATION
OR TRADE SECRETS, ALL COMPANY-ISSUED KEYS, PASS CARDS, TOOLS, SAMPLES,
FAX MACHINES, CELL PHONES, PDAS, COMPUTERS (LAPTOP AND/OR DESK TOP),
CREDIT CARDS, ROLODEXES, FILES, BROCHURES, EQUIPMENT, DOCUMENTS, LISTS, REPORTS, PRINTOUTS,
DRAWINGS, PLANS, SKETCHES, COMPUTER DISKS, ZIP DRIVES, PRINTOUTS AND ANY OTHER
RECORD OR DOCUMENT RELATING TO THE COMPANY AND ITS SERVICES. FURTHER,
EXECUTIVE AGREES THAT EXECUTIVE HAS NOT TAKEN, PROCURED, OR COPIED ANY
PROPERTY OF THE COMPANY AFTER NOTIFICATION OF EXECUTIVE’S TERMINATION.
NOTWITHSTANDING THE FOREGOING, EXECUTIVE MAY RETAIN THE COMPANY PROVIDED IPAD;
LAPTOP COMPUTER, COMPUTER MONITOR, DOCKING STATION AND PRINTER; MICRO-CELL; AND
CELL PHONE (SUBJECT TO DELETION OF ALL CONFIDENTIAL OR PROPRIETARY INFORMATION
CONCERNING THE COMPANY FROM SUCH DEVICES) AND CELL PHONE NUMBER; AND
EXECUTIVE WILL BE SOLELY RESPONSIBLE FOR OBTAINING AND PAYING FOR
EXECUTIVE’S OWN SERVICE PLANS FOR PERIODS FOLLOWING THE TERMINATION DATE.

 13. COOPERATION IN LEGAL AND INVESTIGATIVE
MATTERS. IN CONSIDERATION FOR THE PROMISES AND PAYMENTS BY THE COMPANY
PURSUANT TO THIS AGREEMENT, FOR A PERIOD OF TWELVE (12) MONTHS FOLLOWING
THE TERMINATION DATE, EXECUTIVE AGREES TO COOPERATE TO THE FULLEST EXTENT
POSSIBLE IN THE PREPARATION, DEFENSE OR PROSECUTION OF ANY LEGAL MATTERS
OR OTHER MATTERS THAT THE COMPANY MAY BE INVESTIGATING INVOLVING THE
COMPANY, ABOUT WHICH EXECUTIVE HAS OR MAY HAVE PERSONAL KNOWLEDGE (OTHER
THAN TERMINATION OF EMPLOYMENT OR ANY OTHER CLAIM AGAINST THE COMPANY
FOR BREACH OF THIS AGREEMENT), INCLUDING ANY SUCH MATTERS WHICH MAY
BE FILED AFTER THE TERMINATION OF EXECUTIVE’S EMPLOYMENT. TO THE
EXTENT COMPANY REQUIRES AND EXECUTIVE PROVIDES COOPERATION PURSUANT TO THIS
SECTION 13, COMPANY WILL REIMBURSE EXECUTIVE FOR ANY REASONABLE OUT OF POCKET
EXPENSES ASSOCIATED WITH SUCH COOPERATION IN ACCORDANCE WITH COMPANY EXPENSE
REIMBURSEMENT POLICIES. EXECUTIVE SHALL BE PAID $125.00/HOUR FOR ANY SUCH
COOPERATION, SUCH PAYMENT TO BE MADE WITHIN FIFTEEN (15) BUSINESS DAYS
FOLLOWING THE DAY ON WHICH HE PROVIDES ANY SUCH SERVICES. SUCH
COOPERATION SHALL BE REQUESTED AT TIMES AND ON SCHEDULES THAT ARE
REASONABLY CONSISTENT WITH EXECUTIVE’S OTHER ACTIVITIES AND COMMITMENTS, AND
WITH REASONABLE ADVANCE NOTICE TO EXECUTIVE. 

14. COOPERATION IN PROFESSIONAL TRANSITION OF BUSINESS
AFFAIRS. IN CONSIDERATION FOR THE PROMISES AND PAYMENT(S) BY THE
COMPANY PURSUANT TO THIS AGREEMENT, EXECUTIVE AGREES TO COOPERATE TO THE
FULLEST EXTENT POSSIBLE IN THE PROFESSIONAL TRANSITION OF THOSE BUSINESS-RELATED
MATTERS FOR WHICH EXECUTIVE WAS RESPONSIBLE DURING EMPLOYMENT WITH THE COMPANY.

 15. UNEMPLOYMENT CLAIMS. IN THE
EVENT EXECUTIVE APPLIES FOR UNEMPLOYMENT BENEFITS, THE COMPANY AGREES THAT IT
WILL NOT AFFIRMATIVELY OBJECT TO EXECUTIVE’S CLAIM FOR BENEFITS BUT
WILL RESPOND TRUTHFULLY TO SUCH INQUIRIES. EXECUTIVE UNDERSTANDS THAT UNEMPLOYMENT
INSURANCE ELIGIBILITY DETERMINATIONS ARE MADE BY THE STATE OF ILLINOIS, AND
THE COMPANY SHALL NOT BE HELD RESPONSIBLE FOR THE STATE’S
DETERMINATION ON EXECUTIVE’S CLAIM. 
 16.
CONSTRUCTION OF AGREEMENT. ANY TERM OR PROVISION OF THIS AGREEMENT THAT
IS INVALID OR UNENFORCEABLE IN ANY SITUATION IN ANY JURISDICTION SHALL
NOT AFFECT THE VALIDITY OR ENFORCEABILITY OF THE REMAINING TERMS AND
PROVISIONS HEREOF OR THE VALIDITY OR ENFORCEABILITY OF THE OFFENDING TERM
OR PROVISION IN ANY OTHER SITUATION OR IN ANY OTHER JURISDICTION. IF
THE FINAL JUDGMENT OF A COURT OF COMPETENT JURISDICTION DECLARES THAT
ANY TERM OR PROVISION HEREOF IS INVALID OR UNENFORCEABLE, THE PARTIES
HERETO AGREE THAT THE COURT MAKING SUCH DETERMINATION SHALL HAVE THE
POWER TO LIMIT THE TERM OR PROVISION, TO DELETE SPECIFIC WORDS OR
PHRASES, OR TO REPLACE ANY INVALID OR UNENFORCEABLE TERM OR PROVISION
WITH A TERM OR PROVISION THAT IS VALID AND ENFORCEABLE AND THAT
COMES CLOSEST TO EXPRESSING THE INTENTION OF THE INVALID OR UNENFORCEABLE
TERM OR PROVISION, AND THIS AGREEMENT SHALL BE ENFORCEABLE AS SO
MODIFIED. IN THE EVENT SUCH COURT DOES NOT EXERCISE THE POWER GRANTED
TO IT IN THE PRIOR SENTENCE, THE PARTIES HERETO AGREE TO REPLACE
SUCH INVALID OR UNENFORCEABLE TERM OR PROVISION WITH A VALID AND
ENFORCEABLE TERM OR PROVISION THAT WILL ACHIEVE, TO THE EXTENT POSSIBLE,
THE ECONOMIC, BUSINESS AND OTHER PURPOSES OF SUCH INVALID OR UNENFORCEABLE
TERM. 
 17. CHOICE OF LAW. IT IS
THE EXPRESS INTENTION OF THE PARTIES THAT THIS AGREEMENT AND ANY
QUESTIONS CONCERNING ITS VALIDITY, CONSTRUCTION OR PERFORMANCE BE GOVERNED BY THE
LAWS OF THE STATE OF ILLINOIS. 

18. NO RELIANCE UPON OTHER STATEMENTS. THIS
AGREEMENT IS ENTERED INTO WITHOUT RELIANCE UPON ANY STATEMENT OR REPRESENTATION
OF ANY PARTY HERETO OR PARTIES HEREBY RELEASED OTHER THAN THE
STATEMENTS AND REPRESENTATIONS CONTAINED IN WRITING IN THIS AGREEMENT. 

19. ENTIRE AGREEMENT. THIS AGREEMENT SETS FORTH
THE ENTIRE AGREEMENT AND UNDERSTANDING OF THE PARTIES AND SUPERSEDES ANY
AND ALL PRIOR AGREEMENTS OR UNDERSTANDINGS WITH REGARD TO THE MATTERS
COVERED HEREIN, AND SHALL BE BINDING UPON AND SERVE TO THE BENEFIT
OF AND BE ENFORCEABLE BY THE COMPANY AND ITS SUCCESSORS AND ASSIGNS;
PROVIDED, HOWEVER, THAT NOTHING IN THIS AGREEMENT SUPERSEDES ANY EXISTING AGREEMENTS
ON THE PART OF EMPLOYEE RELATED TO CONFIDENTIALITY, NON-SOLICITATION,
NON-COMPETITION, ASSIGNMENT OF INVENTIONS, WORK PRODUCT, AND/OR LIMITATIONS ON
THE USE OF INTELLECTUAL PROPERTY, PROVIDED THAT ANY INCONSISTENCY BETWEEN ANY
SUCH PREEXISTING AGREEMENT AND SECTIONS 5 THROUGH 9 OF THIS AGREEMENT SHALL BE
RESOLVED BY ENFORCING THE APPLICABLE PROVISION OF THIS AGREEMENT. 

 20. NO WAIVER. ANY FAILURE BY
ANY PARTY TO ENFORCE ANY OF THEIR RIGHTS AND PRIVILEGES UNDER THIS
AGREEMENT SHALL NOT BE DEEMED TO CONSTITUTE WAIVER OF ANY RIGHTS AND
PRIVILEGES CONTAINED HEREIN. 
 21. FULL AND
KNOWING WAIVER. BY SIGNING THIS AGREEMENT, EXECUTIVE CERTIFIES THAT: 

 

	 	(a)	HE HAS CAREFULLY READ AND FULLY UNDERSTANDS
THE PROVISIONS OF THIS AGREEMENT; 

  

	 	(b)	HE WAS ADVISED BY THE COMPANY IN WRITING,
VIA THIS AGREEMENT, TO CONSULT WITH AN ATTORNEY BEFORE SIGNING THIS
AGREEMENT; 

  

	 	(c)	THAT THIS AGREEMENT DOES NOT CONSTITUTE AN
ADMISSION OF ANY LIABILITY ON THE PART OF THE COMPANY IN ANY
RESPECT; AND 

  

	 	(d)	HE AGREES TO ITS TERMS KNOWINGLY, VOLUNTARILY
AND WITHOUT INTIMIDATION, COERCION OR PRESSURE. 

 IN WITNESS WHEREOF the undersigned hereunto set their hands to this Agreement on the dates written below. 
  

									
	             Kevin G. Hostetler

(“Executive”)
	 		 	             IDEX Services Corporation

(“Company”)

					
	By:	 	 	 		 	By:	 	 
		 		 		 	Frank Notaro
					
	 Date:
	 	 	 		 	Its:	 	Vice President, General Counsel and Secretary
					
		 		 		 	Date:	 	 

 Exhibit A 
 RELEASE 
 In exchange for the payments of Base Severance, Enhanced
Severance, and additional benefits that I will receive (less applicable deductions and withholdings) under a Transition Services and Separation Agreement between myself and IDEX Services Corporation (the “Company”) (a subsidiary of IDEX
Corporation, a Delaware corporation with its headquarters at 1925 West Field Court, Suite 200, Lake Forest, Illinois 60045 (“IDEX”)), dated February 14, 2012 (the “Separation Agreement”), I, Kevin G. Hostetler, for
myself and for my heirs, executors, successors and assigns (collectively, the “Releasors”) hereby release, waive, and forever discharge the Company, IDEX, their agents, subsidiaries, affiliates, employees, officers, shareholders,
attorneys, successors, and assigns (collectively the “Company Releasees”) from any and all claims of any kind whatsoever, whether known or unknown at this time, arising out of or connected with, my employment with the Company and IDEX and
the termination of my employment, including, but not limited to, all matters in law, in equity, in contract (oral or written, express or implied) or in tort, or pursuant to statute, from the beginning of time through the date of this Agreement. It
is the understanding and agreement of the parties that the release provided for by this paragraph shall be a general release in all respects. This release does not apply to any claim that as a matter of law cannot be released. This Release includes
but not limited to any and all claims: 
 (a) ARISING FROM MY
EMPLOYMENT, PAY, BONUSES, EMPLOYEE BENEFITS (OTHER THAN BENEFITS TO WHICH I AM
ENTITLED UNDER APPLICABLE PLAN DOCUMENTS), AND OTHER TERMS AND CONDITIONS OF
EMPLOYMENT OR EMPLOYMENT PRACTICES OF THE COMPANY RELEASEES; 

(b) RELATING TO THE TERMINATION OF MY
EMPLOYMENT WITH THE COMPANY RELEASEES OR THE SURROUNDING CIRCUMSTANCES THEREOF; 

(c) RELATING TO PAYMENT OF ANY
ATTORNEYS’ FEES OF MINE; 
 (d) BASED
ON DISCRIMINATION ON THE BASIS OF RACE, COLOR, RELIGION, SEX, NATIONAL
ORIGIN, HANDICAP, DISABILITY, OR ANY OTHER CATEGORY PROTECTED BY LAW UNDER
TITLE VII OF THE CIVIL RIGHTS ACT OF 1964, THE CIVIL RIGHTS ACT OF
1991, 42 USC § 1981, EXECUTIVE ORDER 11246, THE EQUAL PAY ACT, THE AMERICANS WITH DISABILITIES
ACT, THE REHABILITATION ACT OF 1973, THE CONSOLIDATED OMNIBUS BUDGET RECONCILIATION
ACT OF 1985, THE FAMILY AND MEDICAL LEAVE ACT, THE ILLINOIS HUMAN
RIGHTS ACT, STATE FAIR EMPLOYMENT PRACTICES LAWS, (AS ANY OF THESE
LAWS MAY HAVE BEEN AMENDED) OR ANY OTHER SIMILAR FEDERAL, STATE AND
LOCAL LABOR, EMPLOYMENT OR ANTI-DISCRIMINATION LAWS; 
 (e) BASED ON ANY CONTRACT, TORT, WHISTLEBLOWER, PERSONAL INJURY,
OR WRONGFUL DISCHARGE THEORY; AND 

(f) BASED ON ANY OTHER FEDERAL, STATE
OR LOCAL CONSTITUTION, REGULATION, LAW (STATUTORY OR COMMON), OR LEGAL THEORY.

 Release of Any Age Discrimination Claims. In compliance with the requirements of the Age Discrimination in Employment
Act (ADEA), as amended by the Older Workers’ Benefit Protection Act (OWBPA), I hereby acknowledge by my signature below that, with respect to the rights and claims waived and released under the ADEA and OWBPA: 

(a) I HAVE READ AND UNDERSTOOD THIS
RELEASE; 
 (b) I WAS GIVEN AT LEAST 21
DAYS FROM THE DATE THIS RELEASE WAS INITIALLY PRESENTED TO ACCEPT THE
TERMS OF THIS RELEASE; 
 (c) I WAS
ADVISED IN WRITING, VIA THIS RELEASE, TO CONSULT WITH AN ATTORNEY
BEFORE SIGNING THIS RELEASE; 
 (d) I HAVE
HAD AN OPPORTUNITY TO CONSULT WITH AN ATTORNEY BEFORE SIGNING THIS
RELEASE; 

 (e) I AM BEING GIVEN
CONSIDERATION, BASED ON THIS AGREEMENT, GREATER THAN I AM LEGALLY ENTITLED; 

(f) I AM IS RELEASING THE COMPANY RELEASEES
FROM, AMONG OTHER THINGS, ANY CLAIMS OF AGE DISCRIMINATION UNDER THE ADEA
OR OWBPA; AND 
 (g) I UNDERSTAND THAT
THE RELEASE OF AGE DISCRIMINATION CLAIMS CONTAINED IN THIS RELEASE DOES
NOT COVER ANY RIGHTS OR CLAIMS THAT MAY ARISE AFTER THE DATE
OF THIS RELEASE AGAINST THE COMPANY RELEASEES. 
 Revocation of Age Release. I acknowledge that I am aware that I may revoke the portion of this Release relating to release of age discrimination claims covered by the ADEA or OWBPA within seven
(7) calendar days after signing it. To be effective, such revocation must be received in writing by Frank Notaro, Vice President, General Counsel and Secretary, IDEX Corporation, 1925 West Field Court, Lake Forest, Illinois 60045. Revocation
can be made by hand delivery, telegram, facsimile, or postmarking before the expiration date of this seven (7) day period. 

Promise Not to Sue or Accept Recovery. I promise not to sue the Company Releasees or any party released herein on account of any
claim released in this Release. Other than unemployment benefits, I further promise not to accept, recover or receive any monetary damages or any other form of relief which may arise out of or in connection with any administrative remedies which may
be filed with or pursued independently by any governmental agency or agencies, whether federal, state or local, and not to voluntarily assist any individual or entity in connection with any administrative charges, investigations, actions, lawsuits
or remedies which may be filed against the Company Releasees. I hereby waive the right to seek information or conduct discovery in any future disputes regarding the settlement and past conduct. 

As of the date I have signed this Release, I have not filed any charge, complaint, or lawsuit over any claim(s) referred to in this
Release. While I understand that the law permits, and that I am not foreclosed from filing an agency charge, should any such charge or action be filed by me or on my behalf involving matters covered by this Release, I agree to promptly give the
agency or court having jurisdiction a copy of this Release and inform it that any individual claims I might otherwise have had have been settled. I agrees not to file any other lawsuit at any time over any claims released in this Release, provided,
however, that this Release does not prevent me from filing a lawsuit challenging whether this Release is itself legal under the requirements of the ADEA and the OWBPA. Should I file such a suit and lose, I understand that I will be personally liable
for any of my own legal fees and costs. 
 REPRESENTATIONS. 

(a) I REPRESENTS THAT AS OF THE DATE I
SIGN THIS RELEASE, I HAVE NO PREVIOUSLY UNDISCLOSED WORK RELATED INJURIES TO
THE BEST OF MY KNOWLEDGE. 
 (b) I
FURTHER REPRESENTS THAT AS OF THE DATE I SIGN THIS RELEASE, I HAVE
RECEIVED ALL WAGES AND COMPENSATIONS TO WHICH I AM ENTITLED. 

MISCELLANEOUS. 
 This Release shall be construed, interpreted and applied in accordance with the internal laws of the State of Illinois without regard to the principle of conflicts of laws. 

Any term or provision of this Release that is invalid or unenforceable in any situation in any jurisdiction shall not affect the validity
or enforceability of the remaining terms and provisions hereof or the validity or enforceability of the offending term or provision in any other situation or in any other jurisdiction. If the final judgment of a court of competent jurisdiction
declares that any term or provision hereof is invalid or unenforceable, I agree that the court making such determination shall have the power to limit the term or provision, to delete specific words or phrases, or to replace any invalid or
unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision, and this Release shall be enforceable as so modified. In the
event such court does not exercise the power granted to it in the prior sentence, I agree to replace such invalid or unenforceable term or provision with a valid and enforceable term or provision that will achieve, to the extent possible, the
economic, business and other purposes of such invalid or unenforceable term. 

 This Release inures to the benefit of the Company, IDEX Corporation, and its successors and
assigns. 
  

											
						
		 	 	 		 	Dated:	 	 	 	
	Kevin G. Hostetler

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00199-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00199-of-00352.parquet"}]]