Document:

exv10w2

Exhibit 10.2

FORM OF

RESTRICTED STOCK UNIT AGREEMENT

     This Restricted Stock Unit Agreement, dated as of ___, is between WESCO
International, Inc., a Delaware corporation (the “Company”), and the Grantee whose name appears on
the signature page (the “Grantee”).

     The Board of Directors of the Company (the “Board”) has designated the Compensation Committee
of the Board (the “Committee”) to administer the Company’s 1999 Long-Term Incentive Plan (as
amended from time to time, the “Plan”).

     The Board has determined to grant to the Grantee, under the Plan, Restricted Stock Units with
respect to the aggregate number of shares of the Company’s Common Stock, par value $.01 per share
(the “Common Stock”) set forth on the signature page (the “RSU Shares”).

     To evidence the Restricted Stock Units and to set forth its terms and conditions under the
Plan, the Company and the Grantee agree as follows:

     1. Confirmation of Grant.

          (a) The Company grants to the Grantee, effective as of the date of this Agreement, Restricted
Stock Units (“RSUs”) with respect to the RSU Shares. This Agreement is subordinate to, and the
terms and conditions of the RSUs are subject to, the terms and conditions of the Plan.

          (b) The RSUs granted under this Agreement shall be reflected in a bookkeeping account
maintained by the Company through the date on which the RSUs become vested pursuant to Section 2 or
Section 7 or are forfeited pursuant to Section 3. If and when the RSUs become fully vested
pursuant to Section 2 or Section 7, and upon the satisfaction of all other applicable conditions on
the RSUs, the RSUs (and any related Dividend Units described in Section 1(c) below) not forfeited
pursuant to Section 3 shall be settled in shares of Common Stock as provided in Section 1(e) and
otherwise in accordance with the Plan.

          (c) With respect to each RSU, whether or not vested, that has not been forfeited (but only to
the extent the award of RSUs has not been settled for Common Stock), the Company shall, with
respect to any cash dividends paid on the Common Stock, accrue and credit to the Grantee’s
bookkeeping account a number of RSUs with a Fair Market Value (as defined in Section 4) as of the
date the dividend is paid equal to the cash dividends that would have been paid with respect to the
RSU if it were an outstanding share of Common Stock (the “Dividend Units”). These Dividend Units
shall (i) be treated as RSUs for purposes of future dividend accruals pursuant to this Section
1(c); and (ii) vest in the amounts (rounded to the nearest whole RSU) at the same time as the RSUs
with respect to which the Dividend Units were received. Any dividends or distributions on Common
Stock paid other than in cash shall accrue in the Grantee’s bookkeeping account and shall vest at
the same time as the RSUs with respect to which they are made (in each case in the same form, based
on the same record date and at the same time, as the dividend or other distribution is paid on the
Common Stock).

Page 1 of 7

 

          (d) The Company’s obligations under this Agreement (with respect to both the RSUs and the
Dividend Units, if any) shall be unfunded and unsecured, and no special or separate fund shall be
established and no other segregation of assets shall be made. The rights of Grantee under this
Agreement shall be no greater than those of a general unsecured creditor of the Company. In
addition, the RSUs shall be subject to any restrictions the Company deems advisable under the
rules, regulations and other requirements of the Securities and Exchange Commission, any stock
exchange upon which Common Stock is listed, any Company policy and any applicable federal or state
securities law.

          (e) Except as otherwise provided in this Agreement, in accordance with the provisions of this
Section 1(e), the RSUs shall be settled by delivery of the RSU Shares as soon as practicable after
the RSUs become vested pursuant to Section 2 or Section 7, and upon the satisfaction of all other
applicable conditions on the RSUs (including the payment by the Grantee of all applicable
withholding taxes).

     2. Vesting Term. Subject to Section 3, the RSUs shall vest 100% on
___. Notwithstanding the foregoing, the RSUs shall be 100% fully vested upon the
Grantee’s Retirement at Normal Retirement Age (as defined in Section 4), death or Permanent
Disability (as defined in Section 4).

     3. Forfeiture. If the Grantee terminates Active Employment prior to the date on which
the RSUs become vested pursuant to Section 2 or Section 7, all rights of the Grantee to the RSUs
that have not vested in accordance with Section 2 or Section 7 as of the date of termination shall
terminate immediately and be forfeited in their entirety.

     4. Certain Definitions. As used in this Agreement the following terms shall have the
following meanings:

          (a) “Active Employment” shall mean active employment with the Company or any direct or
indirect subsidiary of the Company.

          (b) “Fair Market Value” shall mean the closing price per share of the Common Stock on
the New York Stock Exchange or other established stock exchange (or exchanges) on the applicable
date, or if no sale of Common Stock has been recorded on such day, then on the next preceding day
on which a sale was so made. If shares of Common Stock are not traded on an established stock
exchange on the applicable date, Fair Market Value shall be determined by the Committee in good
faith.

          (c) “Retirement at Normal Retirement Age” shall mean retirement at age 65 or later.

          (d) “Permanent Disability” shall mean a physical or mental disability or
infirmity that prevents the performance of the Grantee’s employment-related duties lasting (or
likely to last, based on competent medical evidence presented to the Board) for a continuous period
of six months or longer. The Board’s reasoned and good faith judgment of Permanent Disability
shall be final, binding and conclusive on all parties hereto and shall be based on any competent
medical evidence presented to it by the Grantee or by any physician or group of physicians or other
competent medical expert employed by the Grantee or the Company to advise the Board.

     5. Tax Withholding. Upon the vesting of the RSUs pursuant to Section 2 or
Section 7, the Company may require the Grantee to remit to the Company an amount

Page 2 of 7

 

sufficient to
satisfy the employer’s minimum statutory U.S. federal, state and local and non-
U.S. tax withholding requirements. If shares of Common Stock are traded on a U.S. national
securities exchange or bid and ask prices for shares of Common Stock are quoted on the NASDAQ, the
Company may, if requested by the Grantee, withhold shares of Common Stock to satisfy applicable
minimum statutory withholding requirements, subject to the provisions of the Plan and any rules
adopted by the Board or the Committee regarding compliance with applicable law, including, but not
limited to, Section 16(b) of the U.S. Securities Exchange Act of 1934, as amended (the “Exchange
Act”).

     6. Representations and Warranties of the Company. The Company represents and warrants
to the Grantee that (a) the Company has been duly incorporated and is an existing corporation in
good standing under the laws of the State of Delaware, (b) this Agreement has been duly authorized,
executed and delivered by the Company and constitutes a valid and legally binding obligation of the
Company enforceable against the Company in accordance with its terms, and (c) the shares of Common
Stock, when issued and delivered upon the vesting of the RSUs in accordance with the terms of this
Agreement, will be duly authorized, validly issued, fully paid and nonassessable, and free and
clear of any liens or encumbrances other than those created pursuant to this Agreement or otherwise
in connection with the transactions contemplated hereby.

     7. Change in Control and Adjustments to Reflect Capital Changes.

          (a) Accelerated Vesting Upon Change in Control. In the event of a Change in Control,
the RSUs shall become immediately and fully vested unless such Change in Control results from the
Grantee’s beneficial ownership (as defined in the rules under the Exchange Act) of Common Stock or
other Company Voting Securities (as defined in the Plan).

          (b) Recapitalization. The number and kind of shares subject to the RSU shall be
appropriately adjusted to reflect any stock dividend, stock split or share combination or any
recapitalization, merger, consolidation, exchange of shares, liquidation or dissolution of the
Company or other change in capitalization with a similar substantive effect upon the Plan or the
RSUs. The Committee shall have the power and sole discretion to determine the amount of the
adjustment to be made in each case.

          (c) Certain Mergers. After any Merger in which the Company is not the surviving
corporation or pursuant to which a majority of the shares which are of the same class as the shares
that are subject to the RSUs are exchanged for, or converted into, or otherwise become shares of
another corporation, the surviving, continuing, successor or purchasing corporation, as the case
may be (the “Acquiring Corporation”), will either assume the Company’s rights and obligations under
this Agreement or substitute an award in respect of the Acquiring Corporation’s stock for the RSUs,
however, if the Acquiring Corporation does not assume or substitute for the RSUs, the Board shall
provide prior to the Merger that any unvested portion of the RSUs shall be immediately vested as of
a date prior to the Merger, as the Board so determines. The vesting of the RSUs that was
permissible solely by reason of this Section 7(c) shall be conditioned upon the consummation of the
Merger. Comparable rights shall accrue to the Grantee in the event of successive Mergers of the
character described above.

          (d) Certain Definitions.

               (i) “Change in Control” means the first to occur of the following events: (a) the acquisition
by any person, entity or “group” (as defined in Section 13(d) of the Exchange Act), other than the
Company, its subsidiaries, any employee benefit plan of the

Page 3 of 7

 

Company or its subsidiaries, or any
successor investment vehicle, of 30% or more of the
combined voting power of the Company’s then outstanding voting securities; (b) the merger or
consolidation of the Company, as a result of which persons who were stockholders of the Company
immediately prior to such merger or consolidation, do not, immediately thereafter, own, directly or
indirectly, more than 70% of the combined voting power entitled to vote generally in the election
of directors of the merged or consolidated company; (c) the liquidation or dissolution of the
Company; (d) the sale, transfer or other disposition of all or substantially all of the assets of
the Company to one or more persons or entities that are not, immediately prior to such sale,
transfer or other disposition, affiliates of the Company; and (e) during any period of not more
than two years, individuals who constitute the Board as of the beginning of the period and any new
director (other than a director designated by a person who has entered into an agreement with the
Company to effect a transaction described in clause (a) or (b) of this sentence) whose election by
the Board or nomination for election by the Company’s stockholders was approved by a vote of at
least two-thirds (2/3) of the directors then still in office who were directors at such time or
whose election or nomination for election was previously so approved, cease for any reason to
constitute a majority of the Board.

               (ii) “Merger” means any merger, reorganization, consolidation, share exchange, transfer of
assets or other transaction having similar effect involving the Company.

     8. No Rights as Stockholder. The Grantee shall have no voting or other rights as a
stockholder of the Company with respect to any RSUs until the issuance of a certificate or
certificates to him for shares of Common Stock with respect to the RSUs. Except as provided in
Section 1(c), no adjustment shall be made for dividends or other rights for which the record date
is prior to the issuance of the certificate or certificates.

     9. Non-Competition, Non-Solicitation and Confidentiality.

     (a) Non-Competition and Non-Solicitation. During Grantee’s Active Employment
and for a period of one year thereafter:

          (1) Grantee shall not directly or indirectly call upon, contact or solicit any
customer or prospective customer of the Company or its subsidiaries (i) with whom
Grantee dealt directly or indirectly or for which Grantee had responsibility while
employed by the Company or its subsidiaries, or (ii) about whom Grantee acquired
confidential information during Grantee’s employment with the Company or its
subsidiaries, for the purpose of offering, selling or providing products or services
that are competitive with those then offered by the Company or its subsidiaries.
Grantee shall not solicit or divert, or attempt to solicit or divert, either directly
or indirectly, any opportunity or business of the Company or its subsidiaries to any
competitor.

          (2) Grantee shall not, to the detriment of the Company or its subsidiaries,
directly or indirectly, as an owner, partner, employee, agent, consultant, advisor,
servant or contractor, engage in or facilitate or support others to engage in the
distribution of electrical construction products or electrical and industrial
maintenance, repair and operating supplies, or the provision of integrated supply
services, or any other business that is in competition with any of the business
activities of the Company or its subsidiaries in which Grantee was engaged during
Grantee’s Active Employment and in which the Company or its subsidiaries were engaged
prior

Page 4 of 7

 

to the termination of Grantee’s Active Employment. This provision shall not
prevent Grantee from owning less than 1% of a publicly-owned entity or less than
3% of a private equity fund.

          (3) Grantee shall not, directly or indirectly, solicit the employment of or
hire as an employee or consultant or agent (i) any employee of the Company or its
subsidiaries or (ii) any former employee of the Company or its subsidiaries whose
employment ceased within 180 days prior to the date of such solicitation or hiring.

     (b) Confidentiality. “Confidential Information” means information regarding the
business or operations of the Company or its subsidiaries, both oral and written, including, but
not limited to, documents and the Company or subsidiary information contained in such documents;
drawings; designs; plans; specifications; instructions; data; manuals; electronic media such as
computer disks, computer programs, and data stored electronically; security code numbers;
financial, marketing and strategic information; product pricing and customer information, that the
Company or its subsidiaries disclose to the Grantee or the Grantee otherwise learns or ascertains
in any manner as a result of, or in relation to, Grantee’s employment by the Company or its
subsidiaries. Other than as required by applicable law, Grantee agrees: (1) to use Confidential
Information only for the purposes required or appropriate for Grantee’s employment with the Company
or its subsidiaries; (2) not to disclose to anyone Confidential Information without the Company’s
prior written approval; and (3) not to allow anyone’s use or access to Confidential Information,
other than as required or appropriate for Grantee’s employment with the Company or its
subsidiaries. The foregoing shall not apply to information that is in the public domain, provided
that Grantee was not responsible, directly or indirectly, for such information entering into public
domain without the Company’s approval. Grantee agrees to return to the Company all Confidential
Information in Grantee’s possession upon termination of Grantee’s employment or at any time
requested by the Company.

     (c) The foregoing provisions shall survive and remain in full force and effect regardless of
any expiration, termination or cancellation of this Agreement.

     (d) If any provision of this Agreement shall be invalid or unenforceable to any extent, the
remaining provisions of this Agreement shall not be affected, and each remaining provision shall be
enforceable to the fullest extent permitted by law. If any provision of this Agreement is so broad
as to be unenforceable, then such provision shall be interpreted to be only as broad as is
enforceable.

     (e) Notwithstanding any provision to the contrary, the non-compete, non-solicitation and
confidentiality covenants of this Section 9 shall be in addition to, and shall not be deemed to
supersede, any existing covenants or other agreements between the Grantee and the Company or any of
its subsidiaries.

     10. Miscellaneous.

          (a) Notices. All notices and other communications required or permitted to be given
under this Agreement shall be in writing and shall be deemed to have been given if delivered
personally or sent by certified or express mail, return receipt requested, postage prepaid, or by
any recognized international equivalent of such delivery, to the Company, or the Grantee, as the
case may be, at the following addresses or to such other address as the Company or the Grantee, as
the case may be, shall specify by notice to the others:

Page 5 of 7

 

	 	(i)	 	if to the Company, to it at:
	 
	 	 	 	WESCO International, Inc.

225 West Station Square Drive, Suite 700

Pittsburgh, Pennsylvania 15219-1122

Attention: Legal Department

               (ii) if to the Grantee, to the Grantee at the address set forth on the signature page.

All notices and communications shall be deemed to have been received on the date of delivery or on
the third business day after the mailing thereof.

          (b) Binding Effect; Benefits. This Agreement shall be binding upon and inure to the
benefit of the parties to this Agreement and their respective successors and assigns. Nothing in
this Agreement, express or implied, is intended or shall be construed to give any person other than
the parties to this Agreement or their respective successors or assigns any legal or equitable
right, remedy or claim under or in respect of any agreement or any provision contained herein.

          (c) Waiver; Amendment.

               (i) Waiver. Any party hereto or beneficiary hereof, may, by written notice to the
other parties (A) extend the time for the performance of any of the obligations or other actions of
the other parties under this Agreement, (B) waive compliance with any of the conditions or
covenants of the other parties contained in this Agreement and (C) waive or modify performance of
any of the obligations of the other parties under this Agreement. Except as provided in the
preceding sentence, no action taken pursuant to this Agreement, including, without limitation, any
investigation by or on behalf of any party or beneficiary, shall be deemed to constitute a waiver
by the party or beneficiary taking such action of compliance with any representations, warranties,
covenants or agreements contained herein. The waiver by any party hereto or beneficiary hereof of
a breach of any provision of this Agreement shall not operate or be construed as a waiver of any
preceding or succeeding breach and no failure by a party or beneficiary to exercise any right or
privilege hereunder shall be deemed a waiver of such party’s or beneficiary’s rights or privileges
hereunder or shall be deemed a waiver of such party’s or beneficiary’s rights to exercise the same
at any subsequent time or times hereunder.

               (ii) Amendment. This Agreement may not be amended, modified or supplemented orally,
but only by a written instrument executed by the Grantee and the Company.

          (d) Assignability. Neither this Agreement nor any right, remedy, obligation or
liability arising hereunder or by reason hereof shall be assignable by the Company or the Grantee
without the prior written consent of the other parties.

          (e) Applicable Law. This Agreement shall be governed by and construed in accordance
with the law of the Commonwealth of Pennsylvania, regardless of the law that might be applied under
principles of conflict of laws, except to the extent that the corporate law of the State of
Delaware specifically and mandatorily applies.

          (f) Section and Other Headings, etc. The section and other headings contained in this
Agreement are for reference purposes only and shall not affect the meaning

Page 6 of 7

 

or interpretation of this Agreement. In this Agreement all references to “dollars” or “$” are
to United States dollars.

          (g) Counterparts. This Agreement may be executed in any number of counterparts, each
of which shall be deemed to be an original and all of which together shall constitute one and the
same instrument.

          (h) Delegation by the Board. All of the powers, duties and responsibilities of the
Board specified in this Agreement may, to the full extent permitted by applicable law, be exercised
and performed by any duly constituted committee thereof to the extent authorized by the Board to
exercise and perform such powers, duties and responsibilities.

IN WITNESS WHEREOF, the Company and the Grantee have executed this Agreement as of the date
first above written.

	 	 	 	 	 
	 	WESCO INTERNATIONAL, INC.

 	 
	 	By:  	 	 
	 	 	 	 
	 	 	 	 
	 
	 	THE GRANTEE:

 	 
	 	By:  	 	 
	 	 	 	 
	 	 	 	 
	 

Total Number of Restricted

Stock Units Awarded: ___

Grant Date: ___

Page 7 of 7exv10w3

Exhibit 10.3

FORM OF

NON-EMPLOYEE DIRECTOR

STOCK APPRECIATION RIGHT AGREEMENT

     1. SAR. This Stock Appreciation Right Agreement (“Agreement”) relates to and
governs each and every stock appreciation right (referred to individually as a “SAR” and
collectively as the “SARs”) granted by WESCO International, Inc. (the “Company”) to the Grantee
identified on the signature page of this Agreement under the Company’s annual SAR grant program for
its non-employee directors pursuant to the WESCO International, Inc. 1999 Long-Term Incentive Plan,
as amended from time to time (the “Plan”). Each such SAR grant shall be confirmed and described in
a separate Notice of Stock Appreciation Right Grant to be delivered by the Company to the Grantee.
Each such Notice shall be deemed incorporated by reference into this Agreement, and shall set
forth, among other things, the date of grant of the SAR, the aggregate number of shares of the
Company’s Common Stock, par value $.01 per share (the Common Stock”), covered by the SAR, and the
exercise price (“Exercise Price”) of the SAR. Such Notices and this Agreement are subordinate to,
and the terms and conditions of each SAR granted to Grantee hereunder are subject to, the terms and
conditions of the Plan. Capitalized terms used in this Agreement shall, unless otherwise defined
herein, have the respective meanings given to such terms in the Plan.

     2. Exercisability. Except as otherwise provided in this Agreement, the SAR shall
become available for exercise, subject to the provisions hereof, as set forth in the applicable
Notice of Stock Appreciation Right Grant, provided, however, that the Committee may
accelerate the exercisability of any SAR, all SARs or any class of SARs, at any time and from time
to time.

     3. Termination of SAR.

          (a) Normal Termination Date. Unless an earlier termination date is specified in
Section 3(b), each SAR shall terminate on the Normal Termination Date specified in the applicable
Notice of Stock Appreciation Right.

          (b) Early Termination. If the Grantee’s Board Service (as defined below) is
terminated as a result of a scheduled expiration of the Grantee’s term as a member of the Board of
Directors of the Company or by reason of the Grantee’s death or Permanent Disability, then all of
the Grantee’s SAR shall be deemed vested in full as of the date of termination. If the Grantee’s
Board Service is terminated for any other reason prior to the Normal Termination Date, any portion
of the SAR that has not become exercisable on or before the effective date of such termination of
Board Service shall terminate on such effective date. Any portion of the SAR that has become
exercisable on or before the date of the Grantee’s termination of Board Service, including as a
result of a scheduled expiration of the Grantee’s term as a member of the Board of Directors of the
Company or by reason of the Grantee’s death or

Page 1 of 7

 

Permanent Disability, shall remain exercisable for
whichever of the following
periods is applicable, and if not exercised within such period, shall terminate upon the
expiration of such period: (i) if the Grantee’s Board Service is terminated by reason of the
Grantee’s death or Permanent Disability (both an “Extraordinary Termination”), then any SAR held by
the Grantee and then exercisable shall remain exercisable solely until the first to occur of (A)
the first anniversary of the Grantee’s termination of Board Service or (B) the Normal Termination
Date of the SAR, (ii) if the Grantee’s Board Service is terminated by reason of the Grantee’s
Retirement (also an “Extraordinary Termination”), then any SAR held by the Grantee and then
exercisable shall remain exercisable solely until the first to occur of (A) the third anniversary
of the Grantee’s termination of Board Service or (B) the Normal Termination Date of the SAR, and
(iii) if the Grantee’s Board Service is terminated for any reason other than an Extraordinary
Termination, then any then exercisable SAR held by such Grantee shall remain exercisable solely
until the first to occur of (A) sixty days after the date of the Grantee’s termination of Board
Service or (B) the Normal Termination Date of the SAR.

     4. Restrictions on Exercise; Non-Transferability of SAR.

          (a) Restrictions on Exercise. The SAR may be exercised only with respect to full
shares of Common Stock. No fractional shares of Common Stock shall be issued. Notwithstanding any
other provision of this Agreement, the SAR may not be exercised in whole or in part, and no
certificates representing Shares shall be delivered, (i) unless all requisite approvals and
consents of any governmental authority of any kind having jurisdiction over the exercise of SAR
shall have been secured, (ii) unless the purchase of the Shares upon the exercise of the SAR shall
be exempt from registration under applicable U.S. federal and state securities laws, and applicable
non-U.S. securities laws, or the Shares shall have been registered under such laws, and (iii)
unless all applicable U.S. federal, state and local and non-U.S. tax withholding requirements shall
have been satisfied. The Company shall use commercially reasonable efforts to obtain the consents
and approvals referred to in clause (i) of the preceding sentence, to satisfy the withholding
requirements referred to in clause (iii) of the preceding sentence so as to permit the SAR to be
exercised.

          (b) Non-Transferability of SAR. The SAR may be exercised only by the Grantee or by
his estate. The SAR is not assignable or transferable, in whole or in part, and it may not,
directly or indirectly, be offered, transferred, sold, pledged, assigned, alienated, hypothecated
or otherwise disposed of or encumbered (including without limitation by gift, operation of law or
otherwise) other than by will or by the laws of descent and distribution to the estate of the
Grantee upon his death, provided that the deceased Grantee’s beneficiary or the
representative of his estate shall acknowledge and agree in writing, in a form reasonably
acceptable to the Company, to be bound by the provisions of this Agreement and the Plan as if such
beneficiary or the estate were the Grantee.

          (c) Certain Definitions. As used in this Agreement the following terms shall have the
following meanings:

               (i) “Board Service” shall mean service as a member of the Board of Directors of the
Company.

Page 2 of 7

 

               (ii) “Fair Market Value” shall mean the closing price per share of the Common Stock on
the New York Stock Exchange or other established stock exchange (or exchanges) on the applicable
date, or if no sale of Common Stock has been recorded on such day, then on the next preceding day
on which a sale was so made. If shares of Common Stock are not traded on an established stock
exchange on the applicable date, Fair Market Value shall be determined by the Committee in good
faith.

               (iii) “Retirement” shall mean retirement from the Company’s Board of Directors at age
65 or later.

               (iv) “Permanent Disability” shall mean a physical or mental disability or infirmity
that prevents the performance of such Grantee’s duties as a member of the Company’s Board of
Directors lasting (or likely to last, based on competent medical evidence presented to the Board)
for a continuous period of six months or longer. The Board’s reasoned and good faith judgment of
Permanent Disability shall be final, binding and conclusive on all parties hereto and shall be
based on such competent medical evidence as shall be presented to it by the Grantee or by any
physician or group of physicians or other competent medical expert employed by the Grantee or the
Company to advise the Board.

     5. Exercise of SAR. To the extent that the SAR shall have become and remain
exercisable as provided in Section 2 and subject to such reasonable administrative regulations as
the Board or the Committee may have adopted, the SAR may be exercised, in whole or in part, by
notice to the Secretary of the Company in writing given 5 business days prior to the date on which
the Grantee expects to exercise the SAR (the “Exercise Date”), specifying the number of SAR Shares
with respect to which the SAR is being exercised (the “Exercise Shares”) and the expected Exercise
Date. Upon exercise of the SAR, the Grantee shall be entitled to receive a number of shares of
Common Stock (the “Net SAR Shares”) equal to the quotient obtained by dividing x by y where:

	 	x   =	 	 the number of Exercise Shares multiplied by the excess, if any, of (A) the
Fair Market Value of a share of Common Stock on the Exercise Date over (B) the Exercise
Price and
	 
	 	y   =	 	the Fair Market Value of a share of Common Stock on the Exercise Date.

No fractional share of Common Stock shall be issued to make any payment in respect of SAR; if any
fractional share would be issuable, the number of Net SAR Shares payable to the Grantee shall be
rounded down to the next whole share (no payment of cash, shares, or other consideration shall be
made with respect to such fractional share). The Company may require the Grantee to furnish or
execute such other documents as the Company shall reasonably deem necessary (i) to evidence such
exercise, (ii) to determine whether registration is then required under the U.S. Securities Act of
1933, as amended (the “Securities Act”), and (iii) to comply with or satisfy the requirements of
the Securities Act, applicable state or non-U.S. securities laws or any other law.

Page 3 of 7

 

     6. Representations and Warranties of the Company. The Company represents and warrants
to the Grantee that (a) the Company has been duly incorporated and is an existing corporation in
good standing under the laws of the State of Delaware, (b) this Agreement has been duly authorized,
executed and delivered by the Company and constitutes a valid and legally binding obligation of the
Company enforceable against the Company in accordance with its terms, and (c) the Net SAR Shares,
when issued, delivered and paid for, upon exercise of the SAR in accordance with the terms hereof
will be duly authorized, validly issued, fully paid and nonassessable, and free and clear of any
liens or encumbrances other than those created pursuant to this Agreement or otherwise in
connection with the transactions contemplated hereby.

     7. Change in Control and Adjustments to Reflect Capital Changes.

          (a) Accelerated Vesting Upon Change in Control. In the event of a Change in Control,
the SAR shall become immediately and fully exercisable unless such Change in Control results from
the Grantee’s beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act of
1934, as amended) of Common Stock or other Company Voting Securities (as defined in the Plan).

          (b) Recapitalization. The number and kind of shares subject to the SAR and the
Exercise Price of the SAR shall be appropriately adjusted to reflect any stock dividend, stock
split, or share combination or any recapitalization, merger, consolidation, exchange of shares,
liquidation or dissolution of the Company or other change in capitalization with a similar
substantive effect upon the Plan or the SAR. The Committee shall have the power and sole
discretion to determine the amount of the adjustment to be made in each case.

          (c) Certain Mergers. After any Merger in which the Company is not the surviving
corporation or pursuant to which a majority of the shares which are of the same class as the shares
that are subject to the SAR are exchanged for, or converted into, or otherwise become shares of
another corporation, the Acquiring Corporation will either assume the Company’s rights and
obligations under this Agreement or substitute an award in respect of the Acquiring Corporation’s
stock for the SAR, provided, however, that if the Acquiring Corporation does not
assume or substitute for the SAR, the Board shall provide prior to the Merger that any
unexercisable and/or unvested portion of the SAR shall be immediately exercisable and vested as of
a date prior to such Merger, as the Board so determines. The exercise and/or vesting of the SAR
that was permissible solely by reason of this Section 7(c) shall be conditioned upon the
consummation of the Merger. If the SAR is neither assumed by the Acquiring Corporation nor
exercised as of the date of the Merger, the SAR shall terminate effective as of the effective date
of the Merger. Comparable rights shall accrue to the Grantee in the event of successive Mergers of
the character described above.

          (d) Certain Definitions.

Page 4 of 7

 

               (i) “Change in Control” means the first to occur of the following events: (a) the
acquisition by any person, entity or “group” (as defined in
Section 13(d) of the Exchange Act), other than the Company, its subsidiaries, any employee
benefit plan of the Company or its subsidiaries, or Cypress Merchant Banking Partners L.P. or any
successor investment vehicle, of 30% or more of the combined voting power of the Company’s then
outstanding voting securities; (b) the merger or consolidation of the Company, as a result of which
persons who were stockholders of the Company immediately prior to such merger or consolidation, do
not, immediately thereafter, own, directly or indirectly, more than 70% of the combined voting
power entitled to vote generally in the election of directors of the merged or consolidated
company; (c) the liquidation or dissolution of the Company; (d) the sale, transfer or other
disposition of all or substantially all of the assets of the Company to one or more persons or
entities that are not, immediately prior to such sale, transfer or other disposition, affiliates of
the Company; and (e) during any period of not more than two years, individuals who constitute the
Board as of the beginning of the period and any new director (other than a director designated by a
person who has entered into an agreement with the Company to effect a transaction described in
clause (a) or (b) of this sentence) whose election by the Board or nomination for election by the
Company’s stockholders was approved by a vote of at least two-thirds (2/3) of the directors then
still in office who were directors at such time or whose election or nomination for election was
previously so approved, cease for any reason to constitute a majority of the Board.

               (ii) “Merger” means any merger, reorganization, consolidation, share exchange,
transfer of assets or other transaction having similar effect involving the Company.

     8. No Rights as Stockholder. The Grantee shall have no voting or other rights as a
stockholder of the Company with respect to any SAR Shares until the exercise of the SAR and the
issuance of a certificate or certificates to him for such Shares. No adjustment shall be made for
dividends or other rights for which the record date is prior to the issuance of such certificate or
certificates.

     9. Miscellaneous.

          (a) Notices. All notices and other communications required or permitted to be given
under this Agreement shall be in writing and shall be deemed to have been given if delivered
personally or sent by certified or express mail, return receipt requested, postage prepaid, or by
any recognized international equivalent of such delivery, to the Company, or the Grantee, as the
case may be, at the following addresses or to such other address as the Company or the Grantee, as
the case may be, shall specify by notice to the others:

	 	(i)	 	if to the Company, to it at:
	 
	 	 	 	WESCO International, Inc.

Suite 700

225 West Station Square Drive

Pittsburgh, Pennsylvania 15219-1122
	 	 	 	Attention: Legal Department
	 

Page 5 of 7

 

	 	(ii)	 	if to the Grantee, to the Grantee at the
address set forth on the signature page hereof.

All such notices and communications shall be deemed to have been received on the date of delivery
or on the third business day after the mailing thereof.

          (b) Binding Effect; Benefits. This Agreement shall be binding upon and inure to the
benefit of the parties to this Agreement and their respective successors and assigns. Nothing in
this Agreement, express or implied, is intended or shall be construed to give any person other than
the parties to this Agreement or their respective successors or assigns any legal or equitable
right, remedy or claim under or in respect of any agreement or any provision contained herein.

          (c) Waiver; Amendment.

               (i) Waiver. Any party hereto or beneficiary hereof, may, by written notice to the
other parties (A) extend the time for the performance of any of the obligations or other actions of
the other parties under this Agreement, (B) waive compliance with any of the conditions or
covenants of the other parties contained in this Agreement and (C) waive or modify performance of
any of the obligations of the other parties under this Agreement. Except as provided in the
preceding sentence, no action taken pursuant to this Agreement, including, without limitation, any
investigation by or on behalf of any party or beneficiary, shall be deemed to constitute a waiver
by the party or beneficiary taking such action of compliance with any representations, warranties,
covenants or agreements contained herein. The waiver by any party hereto or beneficiary hereof of
a breach of any provision of this Agreement shall not operate or be construed as a waiver of any
preceding or succeeding breach and no failure by a party or beneficiary to exercise any right or
privilege hereunder shall be deemed a waiver of such party’s or beneficiary’s rights or privileges
hereunder or shall be deemed a waiver of such party’s or beneficiary’s rights to exercise the same
at any subsequent time or times hereunder.

               (ii) Amendment. This Agreement may not be amended, modified or supplemented orally,
but only by a written instrument executed by the Grantee and the Company.

          (d) Assignability. Neither this Agreement nor any right, remedy, obligation or
liability arising hereunder or by reason hereof shall be assignable by the Company or the Grantee
without the prior written consent of the other parties.

          (e) Applicable Law. This Agreement shall be governed by and construed in accordance
with the law of the Commonwealth of Pennsylvania, regardless of the law that might be applied under
principles of conflict of laws, except to the extent that the corporate law of the State of
Delaware specifically and mandatorily applies.

Page 6 of 7

 

          (f) Section and Other Headings, etc. The section and other headings contained in this
Agreement are for reference purposes only and shall not affect the meaning or interpretation of
this Agreement.

          (g) Counterparts. This Agreement may be executed in any number of counterparts, each
of which shall be deemed to be an original and all of which together shall constitute one and the
same instrument.

          (h) Delegation by the Board. All of the powers, duties and responsibilities of the
Board specified in this Agreement may, to the full extent permitted by applicable law, be exercised
and performed by any duly constituted committee thereof to the extent authorized by the Board to
exercise and perform such powers, duties and responsibilities.

          (i) Tax Status of SAR. The SAR is not intended to be treated as an arrangement that
provides for a deferral of compensation subject to Section 409A of the Internal Revenue Code. This
Agreement shall be construed and applied so as to ensure that the SAR is not covered by Section
409A; and this Agreement shall be deemed amended to the extent reasonably necessary, as determined
by the Committee in its sole discretion, to exclude the SAR from the application of Section 409A.
Without limiting the generality of the foregoing, in accordance with the proposed regulations
promulgated under Section 409A and Notice 2005-1 of the Internal Revenue Service, the Exercise
Price of a SAR shall never become less than the Fair Market Value of the underlying shares of
Common Stock on the date of grant.

          IN WITNESS WHEREOF, the Company and the Grantee have executed this Agreement.

	 	 	 	 	 
	 	WESCO INTERNATIONAL, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	THE GRANTEE:

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	 	 

Page 7 of 7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00176-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00176-of-00352.parquet"}]]