Document:

Terms and Conditions of Restricted Stock Issued as a Payout Under the LTI Plan

  
 Exhibit 10(i)

 TERMS AND CONDITIONS OF RESTRICTED STOCK 
 ISSUED AS A PAYOUT UNDER THE 
 LONG TERM INCENTIVE PLAN 

Pursuant to the 2003 Stock Incentive Plan (“Plan”), the Human Resources and Compensation Committee of the Board of Directors (the
“Committee”) of Parker-Hannifin Corporation (“Company”) approved the payout of your Long Term Incentive Award (“LTI Award”) in the form of restricted shares of Parker-Hannifin Corporation common stock (“Restricted
Shares”), subject to the following terms and conditions: 
  

	1.	Restrictions on the Restricted Shares will lapse on the third anniversary of issuance (the “Lapse Date”). Prior to the Lapse Date, the Restricted Shares
cannot be sold or otherwise transferred or assigned. 

  

	 	a.	Restrictions lapse immediately in the event of your death or disability. 

  

	 	b.	Restrictions lapse immediately in the event of your retirement at or after age 60 (or sooner with the consent of the Committee). 

 

	 	c.	The Restricted Shares are forfeited in the event of the voluntary or involuntary termination of your employment (except due to retirement (as specified in
(b) above) death, or disability). 

  

	2.	Restrictions lapse immediately in the event of a “change in control” of the Company (as defined in the Plan and subject to the requirements of
Section 409A of the Internal Revenue Code). 

  

	3.	Prior to the Lapse Date the Restricted Shares will be issued in an uncertificated book entry format at the transfer agent. After the restrictions lapse, the
unrestricted shares will be electronically transferred to your stock benefit plan account with the Company’s Stock Incentive Plan Administrator (currently UBS Financial Services Inc.). 

 

	4.	Restricted Shares will earn non-refundable dividends prior to the Lapse Date, payable directly to you. 

 

	5.	The value of the Restricted Shares will become taxable to you on the earlier of the Lapse Date or upon attaining age 60, whichever occurs first. You are obligated to
immediately pay any tax withholding obligation payable by the company at that time, if any. At your election, you may surrender a portion of the Restricted Shares to satisfy your tax withholding obligation. 

NOTE: If you were already age 60 on the date the Restricted Shares were issued, the value of the Restricted Shares became taxable
to you on the issue date and, at your election, you have surrendered a portion of the Restricted Shares to satisfy your tax withholding obligation. 
  

	6.	To the extent not otherwise specified above, the Restricted Shares issued to you are subject to the terms and conditions of the LTI Award and the Plan.

  
 1Note Modification Agreement

  
 Exhibit 10.1

 Note Modification Agreement 
 CHASE 
 This agreement is dated as of August 25, 2010, (the “Agreement
Date”), by and between Syntel, Inc. (the “Borrower”) and JPMorgan Chase Bank, N.A. (together with its successors and assigns, the “Bank”). The provisions of this agreement are effective on the date that this agreement has
been executed by all of the signers and delivered to the Bank (the “Effective Date”). 
 WHEREAS, the Borrower executed a Line
of Credit Note dated as of August 3, 2009 in the original principal amount of Twenty Million and 00/100 Dollars ($20,000,000.00), (as same may have been amended or modified from time to time, the “Note”) as evidence of an extension of
credit from the Bank to the Borrower, which Note has at all times been, and is now, continuously and without interruption outstanding in favor of the Bank; and, 
 WHEREAS, the Borrower has requested and the Bank has agreed that the Note be modified to the limited extent as hereafter set forth in this agreement; 

NOW THEREFORE, in mutual consideration of the agreements contained herein and for other good and valuable consideration, the parties agree as
follows: 
 1. ACCURACY OF RECITALS. The Borrower acknowledges the accuracy of the Recitals stated above. 

2. DEFINITIONS. Capitalized terms used in this agreement shall have the same meanings as in the Note, unless otherwise defined in this agreement.

 3. MODIFICATION OF NOTE: 
 3.1 From and after the Effective Date, the provision in the Note captioned “Promise to Pay” is hereby amended as follows: The date on which the entire balance of unpaid principal plus accrued
interest shall be due and payable immediately is hereby changed from August 31, 2010 to August 31, 2011. 
 3.2 From
and after the Effective Date, the provision in the Note captioned “Principal Payments” is hereby amended as follows: “Principal Payments”. All outstanding principal and interest is due and payable in full on
August 31, 2011, which is defined herein as the “Principal Payment Date”. 
 3.3 Each of the Related Documents is
modified to provide that it shall be a default or an event of default thereunder if the Borrower shall fail to comply with any of the covenants of the Borrower herein or if any representation or warranty by the Borrower herein or by any guarantor in
any Related Documents is materially incomplete, incorrect, or misleading as of the date hereof. As used in this agreement, the “Related Documents” shall include the Note and all applications for letters of credit, loan agreements, credit
agreements, reimbursement agreements, security agreements, mortgages, deeds of trust, pledge agreements, assignments, guaranties, or any other instrument or document executed in connection with the Note or in connection with any other obligations of
the Borrower to the Bank. 
 3.4 Each reference in the Related Documents to any of the Related Documents shall be a reference to
such document as modified by this agreement. 
 4. RATIFICATION OF RELATED DOCUMENTS AND COLLATERAL. The Related Documents are ratified
and reaffirmed by the Borrower and shall remain in full force and effect as they may be modified by this agreement. All property described as security in the Related Documents shall remain as security for the Note, as modified by this agreement, and
the Liabilities under the other Related Documents. 

  
 37 

  
 5. BORROWER REPRESENTATIONS AND
WARRANTIES. The Borrower represents and warrants to the Bank that each of the representations and warranties made in the Note and the other Related Documents and each of the following representations and warranties are and will remain, true and
correct until the later of maturity or the date on which all Liabilities evidenced by the Note are paid in full: 
 5.1 No
default, event of default or event that would constitute a default or event of default but for the giving of notice, lapse of time or both, has occurred and is continuing under any provision of the Note, as modified by this agreement, or any other
Related Document. 
 5.2 No event has occurred which may in any one case or in the aggregate materially and adversely affect the
financial condition, properties, business, affairs, prospects or operations of the Borrower or any guarantor or any subsidiary of the Borrower. 
 5.3 The Borrower has no defenses or counterclaims, offsets or adverse claims, demands or actions of any kind, personal or otherwise, that it could assert with respect to the Note or any other Liabilities.

 5.4 The Note, as modified by this agreement, and the other Related Documents are the legal, valid, and binding obligations of
the Borrower and the other parties, enforceable against the Borrower and other parties in accordance with their terms, except as may be limited by bankruptcy, insolvency or other laws affecting the enforcement of creditors’ rights generally and
by general principles of equity. 
 5.5 The Borrower, other than any Borrower who is a natural person, is validly existing under
the laws of the State of its formation or organization. The Borrower has the requisite power and authority to execute and deliver this agreement and to perform the obligations described in the Related Documents as modified herein. The execution and
delivery of this agreement and the performance of the obligations described in the Related Documents as modified herein have been duly authorized by all requisite action by or on behalf of the Borrower. This agreement has been duly executed and
delivered by or on behalf of the Borrower. 
 6. BORROWER CONVENANTS. The Borrower covenants with the Bank: 

6.1 The Borrower shall execute, deliver, and provide to the Bank such additional agreements, documents, and instruments as reasonably
required by the Bank to effectuate the intent of this agreement. 
 6.2 The Borrower fully, finally, and forever releases and
discharges the Bank, its successors, and assigns and their respective directors, officers, employees, agents, and representatives (each a “Bank Party”) from any and all causes of action, claims, debts, demands, and liabilities, of whatever
kind or nature, in law or equity, of the Borrower, whether now known or unknown to the Borrower, (i) in respect of the loan evidenced by the Note and the Related Documents, or of the actions or omissions of any Bank Party in any manner related
to the loan evidenced by the Note or the Related Documents and (ii) arising from events occurring prior to the date of this agreement. 
 6.3 To the extent not prohibited by applicable law, the Borrower shall pay to the Bank: 
 6.3.1 All the internal and external costs and expenses incurred (or charged by internal allocation) by the Bank in connection with this agreement (including, without limitation, inside and outside
attorneys, appraisal, appraisal review, processing, title, filing, and recording costs, expenses and fees). 
 7. EXECUTION AND DELIVERY OF
AGREEMENT BY THE BANK. The Bank shall not be bound by this agreement until (i) the Bank has executed this agreement and (ii) the Borrower performed all of the obligations of the Borrower under this agreement to be performed
contemporaneously with the execution and delivery of this agreement. 

  
 38 

  
 8. INTEGRATION, ENTIRE AGREEMENT,
CHANGE, DISCHARGE, TERMINATION, OR WAIVER. The Note, as modified by this agreement, and the other Related Documents contain the complete understanding and agreement of the Borrower and the Bank in respect of any Liabilities evidenced by the Note
and supersede all prior understandings, and negotiations. If any one or more of the obligations of the Borrower under this agreement or the Note, as modified by this Agreement, is invalid, illegal or unenforceable in any jurisdiction, the validity,
legality and enforceability of the remaining obligations of the Borrower shall not in any way be affected or impaired, and the invalidity, illegality or unenforceability in one jurisdiction shall not affect the validity, legality or enforceability
of the obligations of the Borrower under this agreement, the Note as modified by this agreement and the other Related Documents in any other jurisdiction. No provision of the Note, as modified by this agreement, or any other Related Documents may be
changed, discharged, supplemented, terminated, or waived except in a writing signed by the party against whom it is being enforced. 
 9.
GOVERNING LAW AND VENUE. This agreement shall be governed by and construed in accordance with the laws of the State of Michigan (without giving effect to its laws of conflicts). The Borrower agrees that any legal action or proceeding with
respect to any of its obligations under the Note or this agreement may be brought by the Bank in any state or federal court located in the State of Michigan, as the Bank in its sole discretion may elect. By the execution and delivery of this
agreement, the Borrower submits to and accepts, for itself and in respect of its property, generally and unconditionally, the non-exclusive jurisdiction of those courts. The Borrower waives any claim that the State of Michigan is not a convenient
forum or the proper venue for any such suit, action or proceeding. This agreement binds the Borrower and its successors, and benefits the Bank, its successors and assigns. The Borrower shall not, however, have the right to assign the Borrower’s
rights under this agreement or any interest therein, without the prior written consent of the Bank. 
 10. COUNTERPART EXECUTION. This
agreement may be executed in multiple counterparts, each of which, when so executed, shall be deemed an original, but all such counterparts, taken together, shall constitute one and the same agreement. 

11. NOT A NOVATION. This agreement is a modification only and not a novation. In addition to all amounts hereafter due under the Note, as modified
by this agreement, and the other Related Documents, all accrued interest evidenced by the Note being modified by this agreement and all accrued amounts due and payable under the Related Documents shall continue to be due and payable until paid.
Except for the modification(s) set forth in this agreement, the Note, the other Related Documents and all the terms and conditions thereof, shall be and remain in full force and effect with the changes herein deemed to be incorporated therein. This
agreement is to be considered attached to the Note and made a part thereof. This agreement shall not release or affect the liability of any guarantor, surety or endorser of the Note or release any owner of collateral securing the Note. The validity,
priority and enforceability of the Note shall not be impaired hereby. References to the Related Documents and to other agreements shall not affect or impair the absolute and unconditional obligation of the Borrower to pay the principal and interest
on the Note when due. The Bank reserves all rights against all parties to the Note and the other Related Documents. 
 12. TIME IS OF THE
ESSENCE. Time is of the essence under this agreement and in the performance of every term, covenant and obligation contained herein. 
 Borrower: 
  

							
	Address:	 	525 East Big Beaver Road	 		 	Syntel, Inc.
		 	Troy, MI 48083	 		 	
		 		 	By:	 	 /s/ Bharat Desai

		 		 		 	 Bharat Desai, Chairman

		 		 		 	Printed Name                    Title

  
 39 

  
 
			
	Date Signed:	 	     August 27,
2010

			
		
	By:	 	 /s/ R. S. Ramdas

		 	 R. S. Ramdas, SVP. Corp. Services

		 	Printed
Name                    Title

			
		
	Date Signed:	 	     August 27, 2010

BANK’S ACCEPTANCE 
 The foregoing
agreement is hereby agreed to and acknowledged. 
  

			
	Bank:
	
	JPMorgan Chase Bank, N.A.
		
	By:	 	 /s/ Mitchell W. Dangremond

		 	 Mitchell W. Dangremond V.P.

		 	Printed
Name                    Title

			
		
	Date Signed:	 	             August 27,
2010

  
 40

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