Document:

EX-10.1

 Exhibit 10.1 
  

 
  

AMETEK, INC. 

DIRECTORS’ DEFERRED COMPENSATION PLAN 
  

 
 Amended and
Restated as of October 1, 2018 
  
  

 

 TABLE OF CONTENTS 

 

					
	 Article 1. Purpose
	  	 	1	 
		
	 1.01. Purpose
	  	 	1	 
	 1.02. Effective Date
	  	 	1	 
	 2.03. Compliance with Code Section 409A
	  	 	1	 
		
	 Article 2. Definitions and Construction
	  	 	2	 
		
	 2.01. Definitions
	  	 	2	 
	 2.02. Construction
	  	 	5	 
		
	 Article 3. Eligibility and Participation
	  	 	6	 
		
	 Article 4. Election Requirements
	  	 	7	 
		
	 4.01. Compensation Deferral Election Filing Deadline
	  	 	7	 
	 4.02. New Eligible Directors
	  	 	7	 
		
	 Article 5. Accounts
	  	 	8	 
		
	 5.01. Accounts and Sub-Accounts
	  	 	8	 
	 5.02. Amounts Allocated to Accounts
	  	 	8	 
	 5.03. Earnings on Accounts
	  	 	8	 
	 5.04. Vesting of Accounts
	  	 	8	 
	 5.05. No Actual Investment
	  	 	9	 
	 5.06. Statement of Accounts
	  	 	9	 
	 5.07. Distributions from Accounts
	  	 	9	 
		
	 Article 6. Payment of Plan Benefits
	  	 	10	 
		
	 6.01. Payments from the Retirement Distribution Account
	  	 	10	 
	 6.02. Payments from the In-Service Distribution
Account
	  	 	11	 
	 6.03. Payments Upon Death of Participant
	  	 	13	 
	 6.04. Payments in the Event of an Emergency
	  	 	14	 
	 6.05. Payments Upon Disability of Participant
	  	 	14	 
	 6.06. Payments Upon a Change in Control
	  	 	15	 
	 6.07. Administrative Acceleration or Delay of Payment
	  	 	15	 
	 6.08. Withholding
	  	 	15	 
	 6.09. Payment to Guardian
	  	 	15	 
	 6.10. Effect of Payment
	  	 	15	 
		
	 Article 7. Beneficiary Designation
	  	 	16	 
		
	 7.01. Beneficiary Designation
	  	 	16	 
	 7.02. Changing Beneficiary
	  	 	16	 
	 7.03. No Beneficiary Designation
	  	 	16	 
	 7.04. Effect of Payment
	  	 	16	 

  

			
	AMETEK, Inc., Deferred Compensation Plan	  	Table of Contents - Page i

					
		
	 Article 8. Administration of the Plan
	  	 	17	 
		
	 8.01. Committee Duties
	  	 	17	 
	 8.02. Agents
	  	 	17	 
	 8.03. Binding Effect of Decisions
	  	 	17	 
	 8.04. Indemnity of Committee
	  	 	17	 
	 8.05. Election of Committee After Change in Control
	  	 	18	 
		
	 Article 9. Claims Procedure
	  	 	19	 
		
	 9.01. Claim
	  	 	19	 
	 9.02. Denial of Claim
	  	 	19	 
	 9.03. Review of Claim
	  	 	19	 
	 9.04. Final Decision
	  	 	19	 
		
	 Article 10. Amendment and Termination of Plan
	  	 	20	 
		
	 Article 11. Miscellaneous
	  	 	21	 
		
	 11.01. Hypothetical Accounts
	  	 	21	 
	 11.02. Company Obligation
	  	 	21	 
	 11.03. Trust Fund
	  	 	21	 
	 11.04. Nonassignability
	  	 	21	 
	 11.05. Not a Contract of Employment
	  	 	22	 
	 11.06. Protective Provisions
	  	 	22	 
	 11.07. Governing Law
	  	 	22	 
	 11.08. Severability
	  	 	22	 
	 11.09. Headings
	  	 	22	 
	 11.10. Notice
	  	 	22	 
	 11.11. Successors
	  	 	23	 
		
	 EXHIBIT A
	  	 	24	 

  

  

			
	AMETEK, Inc., Deferred Compensation Plan	  	Table of Contents - Page ii

 ARTICLE 1. PURPOSE 

1.01. Purpose. 
 The AMETEK, Inc.
Directors’ Deferred Compensation Plan (the “Plan”), is intended to provide a means by which certain non-employee members of the Board of Directors of AMETEK, Inc. can elect to defer receipt of
all or a portion of their basic retainer, retainer premiums, and meeting fees. 
 1.02. Effective Date. 

This amendment and restatement of the Plan is effective October 1, 2018. The Plan was originally effective January 1, 2012. Any
amount earned by a member of the Board before that date is not eligible for deferral under the Plan. Any individual who the Committee anticipates will be an Eligible Director on or after January 1, 2012 shall be eligible to file a deferral
election for Compensation earned after December 31, 2011. 
 1.03. Compliance with Code Section 409A 

This Plan is intended to comply with section 409A of the Code and shall be administered and interpreted in a manner consistent with that
purpose. The Committee shall have full authority to take any and all actions as it deems necessary or appropriate to carry out this intent and purpose of the Plan. The Company shall have no liability to a Participant, or any other party, if the Plan
is not compliant with section 409A of the Code. 

  

			
	AMETEK, Inc., Directors’ Deferred Compensation Plan	  	Page 1

 ARTICLE 2. DEFINITIONS AND CONSTRUCTION 

2.01. Definitions. 
 For the purpose of
this Plan, the following terms shall have the meanings set forth below, unless the context clearly indicates otherwise. 
  

	 	(a)	 Account. “Account” or “Accounts” means the hypothetical Retirement
Distribution Account and/or In-Service Distribution Account established on the books of the Company pursuant to Section 5.01. 

 

	 	(b)	 Article. “Article” means an article of this Plan. 

 

	 	(c)	 Beneficiary. “Beneficiary” means the person, persons or entity as designated by
the Participant, entitled under Article 7 to receive any Plan benefits payable after the Participant’s death. 

  

	 	(d)	 Board. “Board” means the Board of Directors of AMETEK, Inc.

  

	 	(e)	 Cause. “Cause” means (1) misappropriation of funds, (2) habitual
insobriety or substance abuse, (3) conviction of felony or crime involving moral turpitude, or (4) gross negligence in the performance of duties that has had a material adverse effect on the business, operations, assets, properties or
financial condition of the Company. 

  

	 	(f)	 Change in Control. A “Change in Control” shall occur if: 

 

	 	(1)	 Any one Person or more than one Person acting as a group (as defined in section
1.409A-3(i)(5)(v)(B) of the Treasury Regulations) acquires ownership of stock of the Company that, together with the stock held by such Person or group of Persons, constitutes more than 50 percent of the
total fair market value or total voting power of the stock of the Company. However, if such Person or group of Persons is considered to own more than 50 percent of the total fair market value or total voting power of the stock of the Company
before this transfer of the Company’s stock, the acquisition of additional stock by the same Person or group of Persons shall not be considered to cause a Change in Control of the Company; or 

 

	 	(2)	 Any one Person or more than one Person acting as a group (as defined in section
1.409A-3(i)(5)(v)(B) of the Treasury Regulations) acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such Person
or group of Persons) ownership of stock of the Company possessing 30 percent or more of the total voting power of the stock of the Company. However, if such Person or group of Persons is considered to own 30 percent or more of the total
voting power of the stock of the Company before this acquisition, the acquisition of additional control or stock of the Company by the same Person or group of Persons shall not cause a Change in Control of the Company; or 

	 	(3)	 A majority of members of the Company’s Board is replaced during any
12-month period by directors whose appointment or election is not endorsed 

  

			
	AMETEK, Inc., Directors’ Deferred Compensation Plan	  	Page 2

	 	
by a majority of the members of the Company’s Board before the date of the appointment or election; or 

  

	 	(4)	 Any one Person or more than one Person acting as a group (as defined in section
1.409A-3(i)(5)(v)(B) of the Treasury Regulations) acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such Person
or group of Persons) assets from the Company that have a total gross fair market value equal to substantially all but in no event less than 40 percent of the total fair market value of all assets of the Company immediately prior to such
acquisition or acquisitions. For this purpose, gross fair market value means the value of the assets of the Company, or the value of the assets being disposed of, determined without regard to any liabilities associated with such assets. A transfer
of assets by the Company will not result in a Change in Control under this Section 2.01(f)(4), if the assets are transferred to: 

  

	 	(A)	 A shareholder of the Company (immediately before the asset transfer) in exchange for or with respect to its
stock; 

  

	 	(B)	 An entity, 50 percent or more of the total value or voting power of which is owned, directly or
indirectly, by the Company immediately after the transfer of assets; 

  

	 	(C)	 A Person or more than one Person acting as a group (as defined in section
1.409A-3(i)(5)(v)(B) of the Treasury Regulations) that owns, directly or indirectly, 50 percent or more of the total value or voting power of all the outstanding stock of the Company; or

  

	 	(D)	 An entity, at least 50 percent of the total value or voting power of which is owned directly or
indirectly, by a person described in Section 2.01(f)(4)(C), above. 

 For purposes of this Section 2.01(f), no
acquisition, either directly or indirectly, by the Participant, the Participant’s affiliates and associates, the Company, any subsidiary of the Company, any employee benefit plan of the Company or of any subsidiary of the Company, or any person
or entity organized, appointed or established by the Company for or pursuant to the terms of any such employee benefit plan shall constitute a Change in Control. 

For purposes of this Section 2.01(f), the following terms shall have the meanings set forth below: 

 

	 	(1)	 “Company” shall mean AMETEK, Inc. 

 

	 	(2)	 “Person” shall mean any individual or individuals other than the Participant, the Participant’s
affiliates and associates, the Company, any subsidiary of the Company, any employee benefit plan of the Company or of any subsidiary of the Company, or any person or entity organized, appointed or established by the Company for or pursuant to the
terms of any such employee benefit plan. 

  

	 	(g)	 Code. “Code” means the Internal Revenue Code of 1986, as amended.

  

			
	AMETEK, Inc., Directors’ Deferred Compensation Plan	  	Page 3

	 	(h)	 Committee. “Committee” means the Committee (or its delegee) that administers the
Plan pursuant to Article 8. 

  

	 	(i)	 Company. “Company” means AMETEK, Inc., a Delaware corporation, and any directly
or indirectly affiliated subsidiary corporations, any other affiliate designated by the Board, or any successor to the business thereof. 

  

	 	(j)	 Compensation. “Compensation” means the basic retainer, retainer premiums, and
meeting fees paid to an Eligible Director. 

  

	 	(k)	 Disability. “Disability” means a medically determinable physical or mental
impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months that renders a Participant unable to engage in any substantial gainful activity. The Committee shall
determine the existence of a Disability, in its sole discretion, and may rely on advice from a medical examiner satisfactory to the Committee in making the determination. A Participant will also be considered disabled if the Participant has been
determined to be totally disabled by the Social Security Administration. The term “Disability” is intended to comply with section 409A(a)(2)(C) of the Code and shall be interpreted to permit a Participant to take a distribution in any
circumstance that would be permitted under section 409A(a)(2)(C) of the Code. 

  

	 	(l)	 Distribution Option. “Distribution Option” means the two distribution options
that are available under the Plan: the Retirement Distribution Option and the In-Service Distribution Option. 

  

	 	(m)	 Eligible Director. “Eligible Director” means a member of the Board who is not an
employee of the Company. 

  

	 	(n)	 Investment Funds. “Investment Funds” means the separate deemed investment funds
identified on Exhibit A of the Plan that a Participant may direct be used as a method to measure the growth of the Participant’s Compensation deferrals, if any, while credited to the Participant’s Accounts. 

 

	 	(o)	 In-Service Distribution Account. “In-Service Distribution Account” means the Account maintained for a Participant to which Compensation deferrals are credited pursuant to the In-Service Distribution
Option. 

  

	 	(p)	 In-Service Distribution Option. “In-Service Distribution Option” means the Distribution Option pursuant to which benefits are payable in accordance with Section 6.02. 

 

	 	(q)	 Participant. “Participant” means any director who is eligible and has become a
participant pursuant to Article 3. Such director shall remain a Participant in this Plan until such time as all benefits payable under this Plan have been paid in accordance with the provisions hereof. 

 

	 	(r)	 Plan. “Plan” means this AMETEK, Inc. Directors’ Deferred Compensation Plan,
as it may be amended from time to time. 

  

	 	(s)	 Plan Year. “Plan Year” means the
12-month period beginning on each January 1 and ending on the following December 31. 

  

			
	AMETEK, Inc., Directors’ Deferred Compensation Plan	  	Page 4

	 	(t)	 Pre-2019
Sub-Account. “Pre-2019 Sub-Account” means a type of Sub-Account
described in Section 5.01 that is established and maintained within each Account for all deferrals, if any, of Compensation earned by a Participant before January 1, 2019, and any earnings on such amounts. 

 

	 	(u)	 Retirement. “Retirement” or “Retires” means a Participant’s
Separation from Service with the Company (for reasons other than death) at or after attaining age 55 and completing 5 or more Years of Service. 

  

	 	(v)	 Retirement Distribution Account. “Retirement Distribution Account” means the
Account maintained for a Participant to which Compensation deferrals are credited pursuant to the Retirement Distribution Option. 

  

	 	(w)	 Retirement Distribution Option. “Retirement Distribution Option” means the
Distribution Option pursuant to which benefits are payable in accordance with Section 6.01. 

  

	 	(x)	 Section. “Section” means a section of this Plan. 

 

	 	(y)	 Separation from Service. “Separates from Service” or “Separation from
Service” means separation from service within the meaning of section 409A of the Code. 

  

	 	(z)	 Sub-Account.
“Sub-Account” means a hypothetical sub-account within a Retirement Distribution Account or In-Service Distribution
Account established on the books of the Company pursuant to Section 5.01. A Sub-Account within a Retirement Distribution Account is a “Retirement Distribution Sub-Account,“ and a Sub-Account within an In-Service Distribution Account is an “In-Service Distribution
Sub-Account.” “Sub-Account” includes a Pre-2019 Sub-Account.

  

	 	(aa)	 Valuation Date. “Valuation Date” means (1) the distribution date if the
distribution date is a business day; or (2) the next business day following the distribution date if the distribution date is not a business day (e.g., falls on a weekend or holiday). 

 

	 	(bb)	 Voting Securities. “Voting Securities” means the common securities of AMETEK,
Inc. that carry the right to vote generally in the election of directors. 

  

	 	(cc)	 Year of Service. “Year of Service” means the
12-month period following the date that the Participant is first elected to the Board and each consecutive 12-month period following the anniversary of that date that is
completed before the Participant ceases to actively serve on the Board. 

 2.02. Construction. 

For purposes of the Plan, unless the contrary is clearly indicated by the context, 

 

	 	(a)	 the use of the masculine gender shall also include within its meaning the feminine and vice versa,

  

	 	(b)	 the use of the singular shall also include within its meaning the plural and vice versa, and

  

	 	(c)	 the word “include” shall mean to include without limitation. 

  

			
	AMETEK, Inc., Directors’ Deferred Compensation Plan	  	Page 5

 ARTICLE 3. ELIGIBILITY AND PARTICIPATION 

Eligibility to participate in the Plan shall be limited to members of the Board who are not employees of the Company. An Eligible Director shall become a
Participant in the Plan when the Eligible Director first makes a Compensation deferral election pursuant to Article 4. 

  

			
	AMETEK, Inc., Directors’ Deferred Compensation Plan	  	Page 6

 ARTICLE 4. ELECTION REQUIREMENTS 

4.01. Compensation Deferral Election Filing Deadline. 
  

	 	(a)	 Except as provided in Section 4.02, below, an election to defer an amount equal to all or part of an
Eligible Director’s Compensation shall be filed with the Committee by December 15th of the Plan Year preceding the Plan Year in which the Compensation is earned. A deferral election,
once filed, shall be irrevocable and shall remain in effect until the end of the Plan Year to which it pertains. However, an Eligible Director may choose for the deferral election to apply to subsequent Plan Years, in which case the deferral
election shall remain in effect until the last day of the Plan Year in which Eligible Director timely files a new deferral election in accordance with this Section 4.01, and such new election shall apply to Compensation earned in the following
Plan Year. 

  

	 	(b)	 An election made pursuant to Section 4.01(a) shall be in writing, in a form acceptable to the Committee,
and shall specify such information as required by the Committee. The Committee may establish minimum or maximum amounts that may be deferred under this Section 4.01 and may change such standards from time to time. Any such limits shall be
communicated by the Committee to the Participants before the commencement of a Plan Year. 

 4.02. New Eligible Directors. 

The Committee may, in its discretion, permit a director who first becomes an Eligible Director after the beginning of a Plan Year to make a
Compensation deferral for that Plan Year by filing a completed and fully executed deferral election form, in accordance with Section 4.01(a), within thirty (30) days following the date the director becomes an Eligible Director, unless the
Eligible Director was previously eligible to participate in another account-based deferred compensation arrangement of the Company. If the Eligible Director was previously eligible to participate in another account-based deferred compensation
arrangement of the Company, the Eligible Director shall not be permitted to make a Compensation deferral under this Section 4.02 or Section 4.01 for the Plan Year in which the Eligible Director first becomes an Eligible Director but shall
be permitted to make a Compensation deferral pursuant to Section 4.01 for the Plan Year after the Plan Year in which the Eligible Director becomes an Eligible Director and each subsequent Plan Year. Any Compensation deferral made under this
Section 4.02 shall apply only to Compensation earned for services performed after the election is made. 

  

			
	AMETEK, Inc., Directors’ Deferred Compensation Plan	  	Page 7

 ARTICLE 5. ACCOUNTS 

5.01. Accounts and Sub-Accounts. 

The Committee shall establish and maintain separate Accounts and Sub-Accounts with respect to each
Participant. There are two types of Accounts: a Retirement Distribution Account and/or an In-Service Distribution Account. Each Account consists of one or more
Sub-Accounts. A new Sub-Account shall be established under an Account for each year in which a Compensation deferral is earned on or after January 1, 2019.
Effective January 1, 2019, a Pre-2019 Sub-Account shall be established and maintained within each Account for all deferrals, if any, of Compensation earned before
January 1, 2019, and earnings on those amounts 
 The amount of the Compensation deferral pursuant to Sections 4.01 or 4.02 shall be
credited by the Company to the Participant’s Sub-Accounts on the day such Compensation would otherwise have been paid, in accordance with the Distribution Options elected by the Participant on the
deferral election form. The Participant’s Accounts (and Sub-Accounts) shall be reduced by the amount of payments made by the Company to the Participant or the Participant’s Beneficiary pursuant to
this Plan and shall be adjusted to reflect investment gains and losses. 
 5.02. Amounts Allocated to Accounts. 

An Eligible Director shall allocate the Eligible Director’s Compensation deferrals between the Distribution Options; provided, however
that 100% of such Compensation deferrals may be allocated to one or the other of the Distribution Options. 
 5.03. Earnings on Accounts. 

A Participant’s Accounts shall be credited with earnings from time to time in accordance with the deemed earnings on Investment Funds
elected by the Participant. Participants may allocate their Retirement Distribution Account and their In-Service Distribution Account among the Investment Funds available under the Plan in increments and at
times specified by the Committee. The deemed rate of return, positive or negative, credited under each Investment Fund is based upon the actual investment performance of the applicable Investment Funds listed on Exhibit A of the Plan. The Company
may specify on Exhibit A of the Plan a default Investment Fund in which amounts will be deemed invested in the absence of an election by the Participant. The Company reserves the right, on a prospective basis, to add or delete Investment Funds. 

5.04. Vesting of Accounts. 
 A
Participant’s Accounts shall be 100% vested at all times. Notwithstanding anything to the contrary in this Section 5.04, the Committee may cause a forfeiture with respect to all or a portion of a Participant’s Accounts if the
Committee determines that the Participant’s Separation from Service is for Cause. 

  

			
	AMETEK, Inc., Directors’ Deferred Compensation Plan	  	Page 8

 5.05. No Actual Investment. 

Notwithstanding that the returns credited to Participants’ Accounts are based upon the actual performance of the corresponding deemed
Investment Funds selected by a Participant, the Company shall not be obligated to invest any Compensation deferrals by Participants under this Plan and the Participant shall have no interest in any amounts that are actually invested to pay benefits
under this Plan. 
 5.06. Statement of Accounts. 

The Committee shall provide to each Participant, not less frequently than annually, a statement in such form as the Committee deems desirable
setting forth the balance standing to the credit of each Participant in each of the Participant’s Accounts. 
 5.07. Distributions from Sub-Accounts. 
 Any distribution made to or on behalf of a Participant from one or more of the
Participant’s Sub-Accounts in an amount that is less than the entire balance of any such Sub-Account shall be made pro rata from each of the Investment Funds to
which such Sub-Account is then allocated except, and only to the extent, that the Participant (or Beneficiary, if applicable) elects, before the scheduled distribution date, to receive a distribution in shares
of Voting Securities, up to the value of the amount to be distributed. Distributions shall be in the form of cash, except that a Participant shall receive deemed investments in Voting Securities (including deemed investments in the AMETEK Company
Stock Fund) in shares of Voting Securities. Any Voting Securities distributed shall be deemed issued pursuant to the AMETEK, Inc. 2011 Omnibus Incentive Compensation Plan or any successor plan that provides Eligible Directors with the opportunity to
receive Voting Securities. 

  

			
	AMETEK, Inc., Directors’ Deferred Compensation Plan	  	Page 9

 ARTICLE 6. PAYMENT OF PLAN BENEFITS 

6.01. Payments from the Retirement Distribution Account. 

Except as provided in Sections 6.03, 6.04, 6.05, and 6.06, benefits under the Retirement Distribution Option shall be paid to a Participant as
follows: 
  

	 	(a)	 General. Unless otherwise elected pursuant to Section 6.01(b) or modified pursuant to
Section 6.01(c), a Participant who Retires shall receive the Participant’s Retirement Distribution Account in the form of a lump sum on the January 31 of the Plan Year following the year in which the Participant Retires.

  

	 	(b)	 Distribution Election. A Participant may elect a form or time of payment other than those
provided in Section 6.01(a) for a Retirement Distribution Sub-Account, other than a Pre-2019 Sub-Account, by filing a
distribution election form for the Retirement Distribution Sub-Account with the Committee at the same time the Participant is required to make an irrevocable Compensation deferral election under the Plan for
the Retirement Distribution Sub-Account for the Plan Year. The distribution election for any Pre-2019 Sub-Account of a Retirement
Distribution Account is the distribution election on file for the Sub-Account as of October 1, 2018. The distribution election shall determine the time and manner of the distribution from the
Participant’s Retirement Distribution Sub-Account under this Section 6.01 if the Participant Retires, unless the election is modified pursuant to Section 6.01(c). An Eligible Director may choose
for the form or time election under this Section 6.01(b) to apply to deferrals to Retirement Distribution Sub-Accounts for subsequent Plan Years, in which case the form or time election shall remain in
effect until the last day of the Plan Year in which Eligible Director timely files a new form or time election in accordance with this Section 6.01(b), and such new election shall apply to Compensation earned in the following Plan Year.

  

	 	(1)	 Optional Forms of Distribution. A Participant who does not wish to receive a Retirement Distribution Sub-Account in the form of a lump sum may elect to receive the Retirement Distribution Sub-Account in the form of up to fifteen (15) annual installments.

  

	 	(2)	 Optional Times for Distribution. A Participant who does not wish to receive a Retirement Distribution Sub-Account as provided in Section 6.01(a) may elect for distribution of the Retirement Distribution Sub-Account to commence on one of the following:
(A) January 31 of the second, third, fourth or fifth Plan Year following the year in which the Participant Retires or (B) the later of (i) January 31 of the Plan Year following the year in which the Participant Retires, or
(ii) January 31 of the Plan Year following the year in which the Participant becomes age 75. 

  

	 	(c)	 Modification of Distribution Election. After making an initial distribution election
pursuant to Section 6.01(b) or making a Compensation deferral that is subject to the default distribution rule set forth in Section 6.01(a), a Participant may file an election with the Committee, in a form satisfactory to the Committee, to
modify the payment date or to specify that a Retirement Distribution Sub-Account be paid in installments rather than a lump sum or in a greater number of annual installments (but not more than fifteen
(15) annual installments); provided, however, that such 

  

			
	AMETEK, Inc., Directors’ Deferred Compensation Plan	  	Page 10

	 	
election: 

  

	 	(1)	 is filed with the Committee at least twelve (12) months prior to the date of the first scheduled payment;

  

	 	(2)	 is not effective until at least twelve (12) months after the date on which the election is made;

  

	 	(3)	 defers the lump sum payment or the first installment payment with respect to which such election is made for a
period of not less than five (5) years from the date such payment would have otherwise been made; 

  

	 	(4)	 does not accelerate payment of the Retirement Distribution Sub-Account;
and 

  

	 	(5)	 does not request more than fifteen (15) annual installments. 

 

	 	(d)	 Amount of Payments. 

 

	 	(1)	 Lump sum payment. Any lump-sum benefit payable from a Retirement
Distribution Sub-Account in accordance with this Section 6.01 shall be paid in an amount equal to the value of the Retirement Distribution Sub-Account as of the
Valuation Date. 

  

	 	(2)	 Installment Payments. If annual installments are elected for a Retirement Distribution Sub-Account in accordance with this Section 6.01, the amount of the first annual installment payment shall equal (A) the value of the Retirement Distribution
Sub-Account as of the Valuation Date, divided by (B) the number of annual installment payments elected by the Participant. The remaining annual installments shall be paid on January 31 of each
succeeding Plan Year in an amount equal to (C) the value of the Retirement Distribution Sub-Account as of the Valuation Date divided by (D) the number of installments remaining.

  

	 	(e)	 Benefits Upon Separation from Service. Any Retirement Distribution Sub-Account of a Participant who Separates from Service (other than by reason of the Participant’s death or Retirement) before the date on which the Retirement Distribution
Sub-Account would otherwise be distributed shall be distributed in a lump sum on the January 31 of the Plan Year following the year in which the Participant Separates from Service. 

6.02. Payments from the In-Service Distribution Account. 

Except as provided in Sections 6.03, 6.04, 6.05, and 6.06, benefits under the In-Service Distribution
Option shall be paid to a Participant as follows: 
  

	 	(a)	 General. Except as provided in Section 6.02(e), otherwise elected pursuant to
Section 6.02(b), or otherwise modified in accordance with Section 6.02(c), a Participant’s In-Service Distribution Sub-Account shall be paid in a lump sum
on the date that occurs two years after the Participant elects to allocate a portion of the Compensation deferral to the In-Service Distribution Sub-Account.

  

			
	AMETEK, Inc., Directors’ Deferred Compensation Plan	  	Page 11

	 	(b)	 Distribution Election. A Participant may elect a form or time of payment other than those
provided in Section 6.02(a) for an In-Service Distribution Sub-Account by filing a distribution election form for the
In-Service Distribution Sub-Account with the Committee at the same time that the Participant is required to make an irrevocable Compensation deferral election for the In-Service Distribution Sub-Account. Except as provided in Section 6.02(e), this distribution election shall determine the time and manner of the distribution from the
Participant’s In-Service Distribution Sub-Account, unless the election is modified pursuant to Section 6.02(c). 

 

	 	(1)	 Optional Forms of Distribution. A Participant who does not wish to receive an In-Service Distribution Sub-Account in the form of a lump sum may elect to receive the In-Service Distribution Sub-Account in the form of up to fifteen (15) annual installments. 

  

	 	(2)	 Optional Times for Distribution. A Participant who does not wish to receive an In-Service Distribution Sub-Account as provided in Section 6.02(a) may elect for distribution of the In-Service Distribution Sub-Account to commence on any specified future date occurring no earlier than January 1 of the Plan Year following the first anniversary of the date the Compensation deferral election related to the Sub-Account becomes irrevocable. 

  

	 	(c)	 Modification of Distribution Election. After making an initial distribution election
pursuant to Section 6.02(b) or making a Compensation deferral that is subject to the default distribution rule set forth in Section 6.02(a), a Participant may file an election with the Committee, in a form satisfactory to the Committee, to
modify the payment date or to specify that an In-Service Distribution Sub-Account be paid in installments rather than a lump sum or in a greater number of annual
installments (but not more than fifteen (15) annual installments); provided, however, that such election: 

  

	 	(1)	 is filed with the Committee at least twelve (12) months prior to the date of the first scheduled payment;

  

	 	(2)	 is not effective until at least twelve (12) months after the date on which the election is made;

  

	 	(3)	 defers the lump sum payment or the first installment payment with respect to which such election is made for a
period of not less than five (5) years from the date such payment would have otherwise been made; 

  

	 	(4)	 does not accelerate payment of the In-Service Distribution Sub-Account; and 

  

	 	(5)	 does not request more than fifteen (15) annual installments. 

 

	 	(d)	 Amount of Payments. 

 

	 	(1)	 Lump Sum. Any lump-sum amount payable from an In-Service Distribution Sub-Account in accordance with this Section 6.02 shall be paid in an 

  

			
	AMETEK, Inc., Directors’ Deferred Compensation Plan	  	Page 12

	 	
amount equal to the value of the In-Service Distribution Sub-Account as of the Valuation Date. 

 

	 	(2)	 Installment Payments. If annual installment payments are elected for an
In-Service Distribution Sub-Account in accordance with this Section 6.02, the first annual installment payment shall equal (A) the value of the In-Service Distribution Sub-Account as of the Valuation Date, divided by (B) the number of annual installment payments elected by the Participant. The remaining annual
installments shall be paid on January 31 of each succeeding Plan Year in an amount equal to (A) the value of the In-Service Distribution Sub-Account as of the
Valuation Date divided by (B) the number of installments remaining. 

  

	 	(e)	 Benefits Upon Separation from Service. If a Participant Separates from Service prior to
the date on which an In-Service Distribution Sub-Account would otherwise be distributed, other than by reason of the Participant’s death, any amounts credited to
the In-Service Distribution Sub-Account shall be distributed in a lump sum on the January 31 of the Plan Year following the year in which the Participant Separates
from Service. 

 6.03. Payments Upon Death of Participant. 

 

	 	(a)	 Death of Participant Before the Commencement of Benefits. 

If a Participant dies before beginning to receive benefits from one or more Sub-Accounts in accordance
with Section 6.01 or 6.02, the sum of benefits due from all such Sub-Accounts shall be paid to the Participant’s Beneficiary in a single lump sum on the first day of the month following the
Participant’s death, in lieu of any benefits otherwise payable under the Plan to or on behalf of such Participant. The amount of any lump sum benefit payable in accordance with this Section 6.03 shall equal the value of such Sub-Accounts as of the Valuation Date. 
  

	 	(b)	 Death of Participant After Benefits Have Commenced. 

If a Participant dies after annual installments payable under Section 6.01 or 6.02 from a
Sub-Account have commenced, but before the entire balance of any such Sub-Account has been paid, any remaining installments shall be paid in lump sum on the first day of
the month following the Participant’s death. If installments remain to be paid from more than one Sub-Account, a single lump sum payment will be made on the first day of the month following the
Participant’s death equal to the sum of the remaining installments for all such Sub-Accounts. 
 6.04.
Payments in the Event of an Emergency. 
  

	 	(a)	 Eligibility for Emergency Benefit. 

If the Committee, in its sole discretion, determines, upon written request of a Participant, that the Participant has suffered an unforeseeable
financial emergency (within the meaning of section 409A of the Code), the Company shall pay to the Participant from the Participant’s Accounts, within thirty (30) days following such determination, an amount necessary to meet the
emergency, after deduction of any 

  

			
	AMETEK, Inc., Directors’ Deferred Compensation Plan	  	Page 13

 
and all taxes as may be required pursuant to Section 6.08 (the “Emergency Benefit”). For purposes of this Plan, an unforeseeable financial emergency is an unexpected need for cash
arising from an illness or accident of the Participant, the Participant’s spouse or dependent; loss of the Participant’s property due to casualty; or other similar extraordinary and unforeseeable circumstances arising as a result of events
beyond the control of the Participant. It is intended that the Committee’s determination as to whether a Participant has suffered an “unforeseeable financial emergency” shall be made consistent with the requirements under section
409(A) of the Code. Cash needs arising from foreseeable events such as the purchase of a house or education expenses for children shall not be considered to be the result of an unforeseeable financial emergency. 

 

	 	(b)	 Source of Payment. 

Emergency Benefits shall be paid first from the Participant’s In-Service Distribution Account, if
any, to the extent the balance of such In-Service Distribution Account is sufficient to meet the emergency. If the distribution exhausts the In-Service Distribution
Account, the Retirement Distribution Account may be accessed. Emergency Benefits shall be paid from the Sub-Accounts within each Account in sequential order based on distribution date starting with the Sub-Account with the earliest distribution date. With respect to that portion of any Account that is distributed to a Participant as an Emergency Benefit in accordance with this Section 6.04, no further benefit
shall be payable to the Participant under this Plan. 
  

	 	(c)	 Restriction on Deferrals. 

Notwithstanding anything in this Plan to the contrary and to the extent permitted by section 409A of the Code, an outstanding Compensation
deferral by a Participant who receives an Emergency Benefit in any Plan Year shall be canceled for that Plan year and any subsequent Plan Years. 
 6.05.
Payments Upon Disability of Participant. 
 If a Participant becomes disabled before beginning to receive benefits in accordance with
Section 6.01 or 6.02, benefits shall be paid to the Participant in a lump sum within thirty (30) days after the Committee finds, in its sole discretion, that the Participant has a Disability. 

6.06. Payments Upon a Change in Control. 

If there is a Change in Control, a Participant will receive the full amount credited to the Participant’s Retirement Distribution Account
and In-Service Distribution Account in a lump sum. Any lump-sum benefit payable in accordance with this paragraph shall be paid in, but not later than January 31
of, the Plan Year following the Plan Year in which such Change in Control occurs, in an amount equal to the value of such Retirement Distribution Account and In-Service Distribution Account as of the Valuation
Date. 
 6.07. Administrative Acceleration or Delay of Payment. 

A payment is treated as being made on the date when it is due under the Plan if the payment is made (a) no earlier than thirty
(30) days before the due date specified by the Plan or (b) on 

  

			
	AMETEK, Inc., Directors’ Deferred Compensation Plan	  	Page 14

 
a date no later than the due date specified by the Plan that is either (1) in the same Plan Year (for a payment whose specified due date is on or before September 30) or (2) by the
fifteenth (15th) day of the third calendar month following the date specified by the Plan (for a payment whose specified due date is on or after October 1). 

6.08. Withholding. 
 The Company shall
withhold from any payment made pursuant to this Plan any taxes the Company reasonably believes are required to be withheld from such payments under local, state, or federal law. Unless otherwise determined by the Company, withholding obligations on
Voting Securities shall be settled with Voting Securities, including Voting Securities that are part of a distribution that gives rise to the withholding obligation. 

6.09. Payment to Guardian. 
 If a Plan
benefit is payable to a minor or a person declared incompetent or to a person incapable of handling the disposition of the property, the Committee may direct payment to the guardian, legal representative or person having the care and custody of such
minor, incompetent or person. The Committee may require proof of incompetency, minority, incapacity or guardianship as it may deem appropriate prior to distribution. Such distribution shall completely discharge the Committee and Company from all
liability with respect to such benefit. 
 6.10. Effect of Payment. 

The full payment of the applicable benefit under this Article 6 shall completely discharge all obligations on the part of the Company to the
Participant (and the Participant’s Beneficiary) with respect to the operation of this Plan, and the Participant’s (and Participant’s Beneficiary’s) rights under this Plan shall terminate. 

  

			
	AMETEK, Inc., Directors’ Deferred Compensation Plan	  	Page 15

 ARTICLE 7. BENEFICIARY DESIGNATION 

7.01. Beneficiary Designation. 
 Each
Participant shall have the right, at any time before the Participant’s death, to designate one (1) or more persons or entities as Beneficiary (both primary and secondary) to whom benefits under this Plan shall be paid in the event of the
Participant’s death prior to complete distribution of the Participant’s Account. Each Beneficiary designation shall be in a written form prescribed by the Committee and shall be effective only if filed with the Committee during the
Participant’s lifetime. 
 7.02. Changing Beneficiary. 

Any Beneficiary designation may be changed without the consent of the previously named Beneficiary by the filing of a new Beneficiary
designation with the Committee. 
 7.03. No Beneficiary Designation. 

If any Participant fails to designate a Beneficiary in the manner provided above, if the designation is void, or if the Beneficiary designated
by a deceased Participant dies before the Participant or before complete distribution of the Participant’s benefits, the Participant’s Beneficiary shall be the person in the first of the following classes in which there is a survivor: 

 

	 	(a)	 the Participant’s surviving spouse; 

 

	 	(b)	 the Participant’s children in equal shares, except that if any of the children predeceases the Participant
but leaves surviving issue, then such issue shall take by right of representation the share the deceased child would have taken if living; or 

  

	 	(c)	 the Participant’s estate. 

7.04. Effect of Payment. 
 Payment to the
Beneficiary shall completely discharge the Company’s obligations under this Plan. 

  

			
	AMETEK, Inc., Directors’ Deferred Compensation Plan	  	Page 16

 ARTICLE 8. ADMINISTRATION OF THE PLAN 

8.01. Committee Duties. 
 This Plan shall
be administered by the Committee, which shall consist of the members of the Compensation Committee of the Board or its delegee(s), except in the event of a Change in Control as provided in Section 8.05 below. The Committee shall have the full
discretionary authority to (a) make, amend, interpret and enforce all appropriate rules and regulations for the administration of the Plan and decide or resolve any and all questions, including interpretations of the Plan, as they may arise in
such administration, and (b) establish and maintain an investment policy for the Plan, select appropriate Investment Funds to implement the investment policy, monitor the performance of such Investment Funds, and change the selection of
Investment Funds from time to time in a manner consistent with the objectives of the investment policy. A Committee member who is also a Participant in this Plan shall be prohibited from voting on any matter which may, in the opinion of the balance
of the Committee, directly affect the Committee member’s individual rights or benefits under this Plan. A majority vote of the Committee members permitted to vote shall control any decision. 

8.02. Agents. 
 The Committee may, from
time to time, delegate to the executive officers of the Company such administrative duties as it deems appropriate, employ agents and delegate to them such administrative duties as it sees fit, and consult with counsel who may be counsel to the
Company. The Committee has delegated joint responsibility for the administrative oversight of the Plan to the Chief Executive Officer and the Chief Administrative Officer of the Company. The Chief Executive Officer and the Chief Administrative
Officer of the Company may delegate the day-to-day operations of the Plan to such employees or agents as they deem appropriate. 

8.03. Binding Effect of Decisions. 
 The
decision or action of the Committee, its delegees, or agents with respect to any question arising out of or in connection with the administration, interpretation and application of the Plan and the rules and regulations promulgated hereunder shall
be final, conclusive and binding upon all persons having any interest in the Plan. 
 8.04. Indemnity of Committee. 

The Company shall indemnify and hold harmless each member of the Committee and any of its delegees or agents who are employees of the Company
from any and all claims, losses, damages, expenses (including counsel fees) and liability (including any amounts paid in settlement of any claim or any other matter with the consent of the Board) arising from any act or omission of such individual,
except when the same is due to gross negligence or willful misconduct. 

  

			
	AMETEK, Inc., Directors’ Deferred Compensation Plan	  	Page 17

 8.05. Election of Committee After Change in Control. 

After a Change in Control, the Plan shall be administered by the Compensation Committee if vacancies on the Committee are filled by majority
vote of the remaining Committee members and Committee members may be removed only by such a vote. If members of the Compensation Committee are not elected or removed pursuant to the preceding sentence after a Change in Control, the Plan shall be
administered by a Committee that consists of the same number of members as the Compensation Committee before the Change in Control and is comprised of the remaining Compensation Committee members and members elected by majority vote of the remaining
Committee members. Members of the Committee may be removed only by a majority vote of the remaining Committee members. If no members of the Compensation Committee before the Change in Control remain, a new Committee shall be elected by majority vote
of the Participants in the Plan immediately preceding such Change in Control. No amendment shall be made to Article 8 or other Plan provisions regarding Committee authority with respect to the Plan without prior approval by the Committee. 

  

			
	AMETEK, Inc., Directors’ Deferred Compensation Plan	  	Page 18

 ARTICLE 9. CLAIMS PROCEDURE 

9.01. Claim. 
 Any person or entity
claiming a benefit, requesting an interpretation or ruling under the Plan (hereinafter referred to as “Claimant”), or requesting information under the Plan shall present the request in writing to the Corporate Human Resources Department,
which shall respond in writing as soon as practical, but not later than ninety (90) days after receipt of the claim, unless the Corporate Human Resources Department notifies the Claimant that special circumstances require an additional period
of time (not to exceed 90 days) to review the claim properly. 
 9.02. Denial of Claim. 

If the claim or request is denied, the written notice of denial shall state: 

 

	 	(a)	 the reasons for denial, with specific reference to the Plan provisions on which the denial is based;

  

	 	(b)	 a description of any additional material or information required and an explanation of why it is necessary; and

  

	 	(c)	 an explanation of the Plan’s claim review procedure. 

9.03. Review of Claim. 
 Any Claimant
whose claim or request is denied or who has not received a response within the time limits set forth above may request a review by notice given in writing to the Committee. Such request must be made within sixty (60) days after receipt by the
Claimant of the written notice of denial, or, in the event Claimant has not received a timely response, within 60 days after the date the Corporate Human Resources Department was required to respond to the claim under Section 9.01. The claim or
request shall be reviewed by the Committee which may, but shall not be required to, grant the Claimant a hearing. On review, the claimant may have representation, examine pertinent documents, and submit issues and comments in writing. 

9.04. Final Decision. 
 The decision on
review shall normally be made within sixty (60) days after the Committee’s receipt of claimant’s claim or request. If an extension of time is required for a hearing or other special circumstances, the Claimant shall be notified and
the time limit shall be one hundred twenty (120) days. The decision shall be in writing and shall state the reasons and the relevant Plan provisions. All decisions on review shall be final and bind all parties concerned. 

  

			
	AMETEK, Inc., Directors’ Deferred Compensation Plan	  	Page 19

 ARTICLE 10. AMENDMENT AND TERMINATION OF PLAN 

The Plan may be amended, suspended, discontinued or terminated at any time by the Board; provided, however, that no such amendment, suspension, discontinuance
or termination shall reduce or in any manner adversely affect the rights of any Participant with respect to benefits that are payable or may become payable under the Plan based upon the balance of the Participant’s Retirement Account and In-Service Distribution Account as of the effective date of such amendment, suspension, discontinuance or termination. 

  

			
	AMETEK, Inc., Directors’ Deferred Compensation Plan	  	Page 20

 ARTICLE 11. MISCELLANEOUS 

11.01. Hypothetical Accounts. 
 Each
account, sub-account and investment established under the Plan shall be hypothetical in nature and shall be maintained for bookkeeping purposes only. The accounts and
sub-accounts established under the Plan shall hold no actual funds or assets. Any liability of the Company to any Participant, former Participant, or Beneficiary with respect to a right to payment shall be
based solely upon contractual obligations created by the Plan. Neither the Company, the Board, nor any other person shall be deemed to be a trustee of any amounts to be paid under the Plan. Nothing contained in the Plan, and no action taken pursuant
to its provisions, shall create or be construed to create a trust of any kind, or a fiduciary relationship, between or among the Company, a Participant, or any other person. 

11.02. Company Obligation. 
 The Company
shall not be required to fund any obligations under the Plan. Except as provided in Section 11.03, any assets that may be accumulated by the Company to meet its obligations under the Plan shall for all purposes be part of the general assets of
the Company. To the extent that any Participant or Beneficiary acquires a right to receive payments under the Plan for which the Company is liable, such rights shall be no greater than the rights of any unsecured general creditor of the Company.

 11.03. Trust Fund. 
 The Company
shall be responsible for the payment of all benefits provided under the Plan. Before a Change in Control, at its discretion, the Company may establish one (1) or more trusts, with such trustees as the Committee may approve, for the purpose of
assisting in the payment of such benefits. Following a Change in Control, the Company shall establish one (1) or more trusts, with such trustees as the Committee may approve, for the purpose of assisting in the payment of such benefits. If, as
a result of a Change in Control, Voting Securities will no longer exist, the Committee may, in its sole discretion, allocate the value of each Participant’s Voting Securities to an Investment Fund. Although such a trust may be irrevocable, its
assets shall be held for payment of all Company’s general creditors in the event of insolvency. To the extent any benefits provided under the Plan are paid from any such trust, Company shall have no further obligation to pay them. If not paid
from the trust, such benefits shall remain the obligation of Company. No assets of the trust or the Company shall become restricted to provide benefits under the Plan in connection with a change in the Company’s financial health. 

11.04. Nonassignability. 
 Neither a
Participant nor any other person shall have any right to commute, sell, assign, transfer, pledge, anticipate, mortgage or otherwise encumber, transfer, hypothecate or convey in advance of actual receipt the amounts, if any, payable hereunder, or any
part thereof, which are, and all rights to which are, expressly declared to be unassignable and non-transferable. No part of the amounts payable shall, prior to actual payment, be subject to seizure or
sequestration for the payment of any debts, judgments, alimony or separate maintenance owed by a Participant or any other person, nor be transferable by operation of law in the event of a Participant’s or any other person’s bankruptcy or
insolvency, except that 

  

			
	AMETEK, Inc., Directors’ Deferred Compensation Plan	  	Page 21

 
the Committee may recognize a domestic relations order in accordance with procedures that it may establish for this purpose. 

11.05. Not a Contract of Employment. 

This Plan shall not constitute a contract of employment between Company and the Participant. Nothing in this Plan shall give a Participant the
right to be retained in the service of Company or to interfere with the right of the Company to discipline or discharge a Participant at any time. 

11.06. Protective Provisions. 
 A
Participant will cooperate with Company by furnishing any and all information requested by Company, in order to facilitate the payment of benefits hereunder, and by taking such other action as may be requested by Company. 

11.07. Governing Law. 
 The Plan shall be
construed and enforced in accordance with applicable federal law and, to the extent not preempted by federal law, the laws of the Commonwealth of Pennsylvania (without regard to the legislative or judicial conflict of laws rules of any state or
other jurisdiction). 
 11.08. Severability. 

If any provision of this Plan is held unenforceable, the remainder of the Plan shall continue in full force and effect without regard to such
unenforceable provision and shall be applied as though the unenforceable provision were not contained in the Plan. In addition, if any provision of the Plan shall be found to violate section 409A of the Code or otherwise result in benefits under the
Plan being subject to income tax prior to distribution, such provision shall be void and unenforceable, and the Plan shall be administered without regard to such provision. 

11.09. Headings. 
 Headings are inserted
in this Plan for convenience of reference only and are to be ignored in the construction of the provisions of the Plan. 
 11.10. Notice. 

Any notice required or permitted under the Plan shall be sufficient if in writing and hand delivered or sent by registered mail, certified
mail, or reputable overnight delivery service. Such notice shall be deemed given as of the date of delivery or, if delivery is made by mail or overnight delivery, as of the date shown on the postmark on the receipt for registration or certification
or on the records of the overnight delivery company. Mailed notice to the Committee shall be directed to the Company’s address. Mailed notice to a Participant or Beneficiary shall be directed to the individual’s last known address in
Company’s records. 

  

			
	AMETEK, Inc., Directors’ Deferred Compensation Plan	  	Page 22

 11.11. Successors. 

The provisions of this Plan shall bind the Company and its successors and assigns. The term successors as used herein shall include any
corporate or other business entity which shall, whether by merger, consolidation, purchase or otherwise acquire all or substantially all of the business and assets of Company, and successors of any such corporation or other business entity. 

IN WITNESS WHEREOF, and as evidence of the adoption of this Plan by the Company, AMETEK, Inc. has executed the same this 30th day of Sept.,
2018. 
  

			
	AMETEK, INC.

 
			
		
	BY: 	 	/s/ DAVID A. ZAPICO
		 	David A. Zapico, Chief Executive Officer

 
			
		
	BY: 	 	/s/ RONALD J. OSCHER
		 	Ronald J. Oscher, Chief
		 	Administrative Officer

 
			
		
	DATE:	 	September 30, 2018

 
			
	
	ATTEST

 
			
		
	BY: 	 	/s/ LYNN CARINO
		 	Assistant Corporate Secretary
		 	Lynn Carino

  

			
	AMETEK, Inc., Directors’ Deferred Compensation Plan	  	Page 23

 EXHIBIT A TO AMETEK, INC. DIRECTORS’ DEFERRED COMPENSATION PLAN 

LIST OF INVESTMENT FUNDS 
 Effective
before October 1, 2018: 
  

	1.	 The “AMETEK Fund” which consists of deemed investments in whole and fractional shares
of Voting Securities based on the average closing price of the shares on the principal exchange on which the shares are traded for the last 10 trading days of the month preceding the deemed investment. Deemed dividends on the shares allocated to the
AMETEK Fund shall be credited to the Fund during a Plan Year when dividends are actually paid on shares of Voting Securities and shall be deemed to be invested in additional shares of Voting Securities on the last business day of such Plan Year
based on the closing price of the shares on the principal exchange on which the shares are traded for the first 10 trading days of December preceding the deemed investment. Deemed investments in whole and fractional shares of Voting Securities under
the Plan shall be considered grants of stock units (or phantom stock) under the AMETEK, Inc. 2011 Omnibus Incentive Compensation Plan or any successor plan that provides Eligible Directors with the opportunity to receive grants of stock units or
phantom stock in Voting Securities. 

 The AMETEK Fund shall be closed to new deemed investments, effective
September 28, 2018 (the “Closing Date”). Any cash representing deemed dividends credited to the AMETEK Fund during 2018 on or before the Closing Date shall be transferred to the AMETEK Company Stock Fund on October 1, 2018
(“Transferred Dividend Credits”). Likewise, the value of a Participant’s deemed investment in Voting Securities in the AMETEK Fund shall be transferred to the AMETEK Company Stock Fund on October 1, 2018, and converted to
unitized shares under the AMETEK Company Stock Fund as described below. 
  

	2.	 The “Interest Fund” which shall be deemed to earn compound interest on principal at one
and one-half percent higher than the 10-year Treasury Note rate as set forth in The Wall Street Journal as of the first business day of each calendar quarter.

 The Interest Fund with quarterly interest as described in this paragraph shall be closed to new deemed investments,
effective September 28, 2018. The interest rate for the third quarter of 2018 shall be equal to (1) the sum of one and one-half percent plus the 10-year
Treasury Note rate as set forth in The Wall Street Journal as of October 1, 2018, divided by (2) a fraction determined by dividing the number of days in the third quarter (92) by the number of days in the year (365). Any
interest due or owing under the Interest Fund as of September 28, 2018, shall be credited on September 28, 2018, prior to closing the Interest Fund. All deemed investments in the Interest Fund will be transferred to the daily interest
version of the Interest Fund (described below) effective October 1, 2018. 
 Effective October 1, 2018: 

 

	1.	 “AMETEK Retirement and Savings Plan Investment Options”: The deemed investments in the
investment funds offered under the AMETEK, Inc. Retirement and Savings Plan, including the AMETEK Company Stock Fund. 

 A
Participant’s closing deemed investment balance in the AMETEK Fund as of the 

  

			
	AMETEK, Inc., Directors’ Deferred Compensation Plan	  	Page 24

 
Closing Date, shall be deemed invested in the AMETEK Company Stock Fund as of October 1, 2018. A Participant’s opening deemed investment balance in the AMETEK Company Stock Fund as of
October 1, 2018 shall consist of: 
  

	 	(a)	 Unitized shares in the AMETEK Company Stock Fund equal to the deemed value of the Participant’s
hypothetical investment in Voting Securities in the AMETEK Fund on the Closing Date, determined using the closing price of the shares on the principal exchange on which the shares are traded as of the Closing Date; and 

 

	 	(b)	 Unitized shares in the AMETEK Company Stock Fund equal to the deemed value of the Participant’s
Transferred Dividend Credits divided by the closing price of the unitized shares as of the Closing Date. 

  

	2.	 The “Interest Fund” which shall be deemed to earn compound interest on principal at one
and one-half percent higher than the 10-year Treasury Note rate as set forth in The Wall Street Journal as of each business day. 

A Participant’s opening deemed investment balance in this daily interest version of the Interest Fund as of October 1, 2018, shall
equal the Participant’s deemed closing balance, if any, in the quarterly interest version of the Interest Fund as of September 28, 2018. 

  

			
	AMETEK, Inc., Directors’ Deferred Compensation Plan	  	Page 25EX-10.2

 Exhibit 10.2 
  

 
  

THE AMETEK RETIREMENT AND SAVINGS PLAN 
  

 
 Amended and
Restated as of September 4, 2018 
  
  

 

 TABLE OF CONTENTS 

 

					
	 Article 1. Purpose
	  	 	1	 
		
	 1.01 History of Plan
	  	 	1	 
	 1.02 Purpose
	  	 	1	 
	 1.03 Effective Date
	  	 	1	 
		
	 Article 2. Definitions and Construction
	  	 	2	 
		
	 2.01 Definitions
	  	 	2	 
	 2.02 Construction
	  	 	12	 
		
	 Article 3. Eligibility and Participation
	  	 	13	 
		
	 3.01 Eligibility
	  	 	13	 
	 3.02 Participation
	  	 	13	 
	 3.03 Cessation of Active Participation
	  	 	13	 
	 3.04 Reemployment of Former Employees and Former Participants
	  	 	13	 
		
	 Article 4. Contributions By Employees
	  	 	14	 
		
	 4.01 Pre-Tax Contributions and Roth
Contributions
	  	 	14	 
	 4.02 After-Tax Contributions
	  	 	16	 
	 4.03 Catch-Up Contributions
	  	 	16	 
	 4.04 Limitation on Contributions
	  	 	17	 
	 4.05 Rollover Contributions
	  	 	17	 
	 4.06 Changes and Suspensions
	  	 	18	 
	 4.07 Credit to Accounts
	  	 	20	 
		
	 Article 5. Employer Contributions
	  	 	21	 
		
	 5.01 Matching Contributions
	  	 	21	 
	 5.02 Retirement Contributions
	  	 	21	 
	 5.03 Retirement Incentive Contributions
	  	 	22	 
	 5.04 Discretionary Contributions
	  	 	22	 
	 5.05 Profit-Sharing Contributions
	  	 	23	 
	 5.06 Credit to Accounts
	  	 	23	 
		
	 Article 6. Limitations on Contributions and Allocations to Accounts
	  	 	24	 
		
	 6.01 Limits on Employee Contributions
	  	 	24	 
	 6.02 Limits on Annual Additions
	  	 	24	 
	 6.03 Nondiscrimination Tests
	  	 	26	 
		
	 Article 7. Allocation to Accounts
	  	 	29	 
		
	 7.01 Accounts
	  	 	29	 
	 7.02 Account Allocations
	  	 	29	 
	 7.03 Statement of Accounts
	  	 	31	 
	 7.04 Allocations Do Not Create Rights
	  	 	31	 
		
	 Article 8. Investment Elections
	  	 	32	 
		
	 8.01 Investment Funds
	  	 	32	 

  

			
	The AMETEK Retirement and Savings Plan	  	Table of Contents

					
	 8.02 Investment Direction
	  	 	34	 
	 8.03 Change in Investment Direction
	  	 	34	 
	 8.04 Voting of Company Stock
	  	 	34	 
	 8.05 Tender and Exchange Offers
	  	 	35	 
	 8.06 Insurance Contract
	  	 	36	 
	 8.07 Additional Rules
	  	 	37	 
		
	 Article 9. Vesting
	  	 	38	 
		
	 9.01 Immediate Vesting
	  	 	38	 
	 9.02 Delayed Vesting
	  	 	38	 
	 9.03 Vesting Upon Certain Events
	  	 	38	 
	 9.04 Forfeitures
	  	 	38	 
		
	 Article 10. Withdrawals During Employment
	  	 	40	 
		
	 10.01 Limited In-Service Withdrawals
	  	 	40	 
	 10.02 Hardship Withdrawals
	  	 	40	 
		
	 Article 11. Loans
	  	 	43	 
		
	 11.01 In General
	  	 	43	 
	 11.02 Eligibility for Loans
	  	 	43	 
	 11.03 Application for Loans
	  	 	43	 
	 11.04 Treatment of Loans and Loan Repayments
	  	 	43	 
	 11.05 Terms and Conditions of Loans
	  	 	44	 
	 11.06 Rollover Loans
	  	 	46	 
		
	 Article 12. Distribution of Accounts
	  	 	47	 
		
	 12.01 Distribution Events
	  	 	47	 
	 12.02 Forms of Distribution
	  	 	47	 
	 12.03 Timing of Distributions
	  	 	47	 
	 12.04 Beneficiaries
	  	 	53	 
	 12.05 Proof of Death and Right of Beneficiary or Other Person
	  	 	54	 
	 12.06 Distributions to Minors and Incompetents
	  	 	54	 
	 12.07 Missing Payees
	  	 	54	 
	 12.08 Recovery of Overpayment
	  	 	55	 
		
	 Article 13. Direct Rollovers
	  	 	56	 
		
	 13.01 Direct Rollover
	  	 	56	 
	 13.02 Eligible Retirement Distribution
	  	 	56	 
	 13.03 Eligible Retirement Plan
	  	 	56	 
	 13.04 Distributee
	  	 	57	 
	 13.05 Direct Rollover
	  	 	57	 
	 13.06 In-Plan Roth Conversion
	  	 	57	 
		
	 Article 14. Administration
	  	 	59	 
		
	 14.01 Committee—Authority
	  	 	59	 
	 14.02 Membership and Procedures of Committee
	  	 	59	 
	 14.03 Committee Powers
	  	 	59	 
	 14.04 Designation of Additional Fiduciaries
	  	 	60	 

  

			
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	 14.05 Allocation of Duties
	  	 	60	 
	 14.06 Employment of Agents
	  	 	60	 
	 14.07 Expenses
	  	 	61	 
	 14.08 Liability for Contributions
	  	 	61	 
	 14.09 Participation of Committee Members and Other Fiduciaries
	  	 	61	 
	 14.10 Books and Records
	  	 	61	 
	 14.11 Indemnification
	  	 	61	 
		
	 Article 15. Claims Procedure
	  	 	62	 
		
	 15.01 Claim
	  	 	62	 
	 15.02 Denial of Claim
	  	 	62	 
	 15.03 Review of Claim
	  	 	62	 
	 15.04 Final Decision
	  	 	62	 
	 15.05 Litigation
	  	 	63	 
	 15.06 Class Action Forum Selection
	  	 	65	 
		
	 Article 16. Management of Funds
	  	 	66	 
		
	 16.01 Trust Agreement
	  	 	66	 
	 16.02 Designation of Trustee
	  	 	66	 
	 16.03 Exclusive Benefit Rule
	  	 	66	 
	 16.04 Appointing Investment Managers
	  	 	66	 
	 16.05 No Guarantee
	  	 	66	 
		
	 Article 17. Assignments or Liens
	  	 	67	 
		
	 17.01 No Alienation
	  	 	67	 
	 17.02 No Liability for Obligation
	  	 	67	 
	 17.03 Qualified Domestic Relations Orders
	  	 	67	 
	 17.04 Distributions Under Qualified Domestic Relations Orders
	  	 	67	 
		
	 Article 18. Amendment, Merger or Termination
	  	 	69	 
		
	 18.01 Amendment of Plan
	  	 	69	 
	 18.02 Termination of Plan
	  	 	69	 
	 18.03 Vesting and Distribution of Assets on Plan Termination or Complete Discontinuance of
Contributions
	  	 	70	 
	 18.04 Merger or Consolidation
	  	 	70	 
		
	 Article 19. Top-Heavy Provisions
	  	 	72	 
		
	 19.01 Priority Over Other Plan Provisions
	  	 	72	 
	 19.02 Definitions Used in this Article
	  	 	72	 
	 19.03 Minimum Allocation
	  	 	74	 
	 19.04 Coordination with Defined Benefit Plan
	  	 	75	 
		
	 Article 20. Special Rules for Military Service
	  	 	76	 
		
	 20.01 In General
	  	 	76	 
	 20.02 Reemployment Following a Period of Qualified Military Service
	  	 	76	 
	 20.03 Service Credit
	  	 	77	 
	 20.04 Loan Repayments
	  	 	77	 
	 20.05 Survivor Benefits
	  	 	77	 

  

			
	The AMETEK Retirement and Savings Plan	  	Table of Contents

					
	 20.06 Treatment of Differential Wage Payments
	  	 	77	 
	 20.07 Termination of Employment
	  	 	78	 
	 20.08 Qualified Reservist Distribution
	  	 	78	 
		
	 Article 21. Miscellaneous
	  	 	79	 
		
	 21.01 Not a Contract of Employment
	  	 	79	 
	 21.02 Electronic Transmission of Notices and Elections
	  	 	79	 
	 21.03 Governing Law
	  	 	79	 
	 21.04 Severability
	  	 	79	 
	 21.05 Headings
	  	 	79	 

  

			
	The AMETEK Retirement and Savings Plan	  	Table of Contents

 ARTICLE 1. PURPOSE 

1.01 History of Plan. 
 The AMETEK
Retirement and Savings Plan (the “Plan”) was originally adopted, effective October 1, 1984, by AMETEK, Inc. (the “Company”) with the approval of its Board of Directors. 

The Plan was amended and restated, effective January 1, 2012, to reflect amendments adopted since the restatement dated January 1,
2002, the merger of the AMETEK 401(k) Plan for Acquired Businesses into the Plan on January 1, 2008, and additional clarifications and amendments intended to improve administration of the Plan. 

The Plan was amended and restated, effective April 1, 2014, to provide for Roth and after-tax
contributions, to accept direct rollovers of Roth and after-tax contributions, and to adopt additional clarifications and amendments intended to improve administration of the Plan. 

The Plan was amended and restated, effective January 1, 2017, to reflect additional clarifications and amendments. 

The Plan is hereby amended and restated, effective September 4, 2018 (except as otherwise provided), to reflect additional clarifications
and amendments. 
 1.02 Purpose. 
 The
Plan is intended to qualify as a profit sharing plan with a cash or deferred arrangement under sections 401(a) and 401(k) of the Internal Revenue Code (the “Code”). Although the Plan is intended to qualify as a profit sharing plan,
employer contributions to the Plan may be made without regard to profits. 
 1.03 Effective Date. 

Except as specifically provided: 
  

	 	(a)	 The Plan as amended and restated in this document will apply only to eligible persons who are employees of an
Employer Unit on or after September 4, 2018; and 

  

	 	(b)	 The rights and benefits of Participants whose employment ended before September 4, 2018, will be
determined under the applicable instruments in effect when their employment ended, or as otherwise specifically provided in those instruments. 

  

			
	The AMETEK Retirement and Savings Plan	  	Page 1

 ARTICLE 2. DEFINITIONS AND CONSTRUCTION 

2.01 Definitions. 
 For the purpose of
this Plan, the following terms will have the meanings set forth below, unless the context clearly indicates otherwise. 
  

	 	(a)	 Account or Accounts. “Account” or “Accounts” for
any Participant means any account or accounts established pursuant to Section 7.01. As used in the Plan, the terms “Account” or “Accounts” will mean any relevant one of the Accounts or all Accounts as the context requires.

  

	 	(b)	 Adoption Agreement. “Adoption Agreement” means the agreement by which the Plan
is adopted with regard to certain Eligible Employees at a Covered Location of an Employer Unit and sets forth certain specifications applicable under the Plan with respect to such Eligible Employees. An Adoption Agreement will be effective as of the
Effective Date stated in Paragraph A of the Adoption Agreement. 

  

	 	(c)	 Affiliate. “Affiliate” means any company that is: 

 

	 	(1)	 a member of a controlled group of corporations as defined in section 414(b) of the Code (determined under
section 1563(a) of the Code without regard to sections 1563(a)(4) and (e)(3)(C) of the Code) with the Company; 

  

	 	(2)	 any trade or business under common control (as defined in section 414(c) of the Code) with the Company;

  

	 	(3)	 any member of an affiliated service group (as defined in section 414(m) of the Code) that includes the Company;
or 

  

	 	(4)	 any other entity required to be aggregated with the Company pursuant to regulations under section 414(o) of the
Code. 

 Notwithstanding the foregoing, for purposes of Section 6.02, the definitions in sections 414(b) and
(c) of the Code will be modified by substituting the phrase “more than 50 percent” for the phrase “at least 80 percent” each place it appears in section 1563(a)(1) of the Code. 

 

	 	(d)	 After-Tax Contributions. “After-Tax Contributions” means the contributions made to the Plan by an Eligible Employee pursuant to a Participant election under Section 4.02. 

 

	 	(e)	 After-Tax Contribution Account. “After-Tax Contribution Account” means the record of assets held by the Trustee for a Participant or Beneficiary under the Plan that is derived from After-Tax
Contributions. 

  

	 	(f)	 Alternate Payee. “Alternate Payee” means any Spouse, former Spouse, child or
other dependent of a Participant who is recognized by a Qualified Domestic 

  

			
	The AMETEK Retirement and Savings Plan	  	Page 2

	 	
Relations Order as having a right to receive all, or a portion, of the benefits payable under the Plan with respect to a Participant. 

 

	 	(g)	 Base Group. “Base Group” means for any calendar year, each Participant described
in Section 3.02: 

  

	 	(1)	 other than a Participant who is a non-Highly Compensated Employee, has
not attained age twenty-one (21), and has completed less than a Year of Service before the last day of the Plan Year; 

  

	 	(2)	 who is employed by an Employer Unit as an Eligible Employee at any time during that year; and

  

	 	(3)	 who is not in the Test Group. 

 

	 	(h)	 Beneficiary. “Beneficiary” means any individual or legal entity who or which
becomes eligible to receive benefits payable under the Plan in the event of a Participant’s death, as provided in Section 12.04. 

  

	 	(i)	 Board of Directors. “Board of Directors” means the Board of Directors of the
Company, as it may be constituted from time to time, and any committee, officer, or other individual to which or to whom the Board of Directors will have delegated any of its responsibilities under the Plan. 

 

	 	(j)	 Catch-Up Contributions. “Catch-Up Contribution” means a Pre-Tax Contribution or Roth Contribution that meets the requirements of Section 4.03. 

 

	 	(k)	 Catch-Up Contribution Account. “Catch-Up Contribution Account” means the record of assets held by the Trustee for a Participant or Beneficiary under the Plan that is derived from Catch-Up
Contributions. 

  

	 	(l)	 Code. “Code” means the Internal Revenue Code of 1986, as amended.

  

	 	(m)	 Committee. “Committee” means the Committee appointed and serving pursuant to
Article 14. 

  

	 	(n)	 Company. “Company” means AMETEK, Inc., a Delaware corporation, or any successor
that assumes its obligations under the Plan. 

  

	 	(o)	 Company Stock. “Company Stock” means common stock of the Company.

  

	 	(p)	 Company Stock Fund. “Company Stock Fund” means the Investment Fund established
pursuant to Section 8.01(b). 

  

	 	(q)	 Compensation. “Compensation” means (1) wages as defined in section 3401(a)
of the Code and all other payments of compensation to an Employee by the Employer (in the course of the Employer’s trade or business) for which the Employer is required to furnish the Employee a written statement under sections 6041(d),
6051(a)(3), and 6052 of the Code, (2) amounts deferred at the election of the Employee that would be included in wages if not deferred pursuant to the rules of section 125(a), 132(f)(4), 402(e)(3), 402(h)(1)(B), 402(k), or 457(b) of the

  

			
	The AMETEK Retirement and Savings Plan	  	Page 3

	 	
Code, and (3) any amounts deducted from an Employee’s earnings on a pre-tax basis for group health care coverage because the Employer does not
request or collect information regarding the Employee’s other health care coverage as part of the enrollment process for the health plan, to the extent that the sum of these amounts is less than the applicable limitation under section
401(a)(17) of the Code. Compensation is determined without regard to any rules under section 3401(a) that would otherwise limit the remuneration included in wages based on the nature or location of the employment or the services performed.
Compensation includes only amounts actually paid to the Employee during the period he was a Participant in the Plan during a Plan Year or would have been payable during such period but for the Employee’s election to defer amounts in accordance
with section 125(a), 132(f)(4), 402(e)(3), 402(h)(1)(B), 402(k), or 457(b) of the Code; provided that Compensation will include regular pay (within the meaning of Treasury Regulation section
1.415(c)-2(e)(3)(i)) that is paid by the later of two and one-half months after the Participant terminates employment with an Employer or Affiliate or the end of the
Plan Year. Compensation does not include the following: 

  

	 	(1)	 sign-on bonuses (and for purposes of
Catch-Up Contributions only, any performance or non-performance based bonus payments); 

 

	 	(2)	 reimbursements or other expense allowances; 

 

	 	(3)	 cash or non-cash fringe benefits (other than elective deferrals as
described above), including tuition, housing, dependent education, and car allowance; 

  

	 	(4)	 moving expenses; 

  

	 	(5)	 deferred compensation (other than elective deferrals as described above), including amounts attributable to the
grant, exercise, vesting, or payment of stock options, restricted stock, and other stock-based rights; 

  

	 	(6)	 amounts credited or paid under any employee welfare benefit plan (other than the elective deferrals described
above); 

  

	 	(7)	 severance benefits (paid in any form); and 

 

	 	(8)	 imputed income with respect to split-dollar life insurance. 

To the extent required by section 414(u)(12) of the Code and guidance issued thereunder, an individual receiving differential wage payments
(within the meaning of section 3401(h)(2) of the Code) from the Employer on or after January 1, 2009, will be treated as an employee and the differential wage payments will be treated as Compensation. 

The annual Compensation of each Employee taken into account under the Plan will not exceed $200,000, as adjusted by the Commissioner of
Internal Revenue for increases in the cost of living in accordance with section 401(a)(17)(B) of the Code. 

  

			
	The AMETEK Retirement and Savings Plan	  	Page 4

	 	(r)	 Contribution Ratio. “Contribution Ratio” means for any calendar year the ratio
of the sum of the Participant’s allocated Matching Contributions, After-Tax Contributions (including Pre-Tax or Roth Contributions that are recharacterized as After-Tax Contributions in accordance with Section 6.03(a)), and Retirement Incentive Contributions for that year (not including any make-up contributions pursuant to
section 414(u)(2) of the Code) to the Participant’s Compensation for that year. For this purpose, “compensation” means compensation as defined in section 414(s) of the Code and Treasury Regulation section 1.414(s)-1. 

  

	 	(s)	 Covered Location. “Covered Location” means a facility, plant, location, or other
group of an Employer Unit designated as such in Paragraph C of an Adoption Agreement or Exit Agreement, or any successor to such facility, plant, location, or other group of an Employer Unit. An Employee will be considered employed at a Covered
Location for which he performs the majority of his services or at the location that is responsible for the Employee, as determined by the Plan Administrator. 

  

	 	(t)	 Deferral Ratio. “Deferral Ratio” means for any calendar year the ratio of a
Participant’s Pre-Tax Contributions and Roth Contributions for that year (not including any Catch-Up Contributions or
make-up contributions pursuant to section 414(u)(2) of the Code) to the Participant’s Compensation for that year. For this purpose, “compensation” means compensation as defined in section 414(s)
of the Code and Treasury Regulation section 1.414(s)-1. 

  

	 	(u)	 Disabled. “Disabled” means (1) if the Participant participated in a defined
benefit pension plan maintained by the Employer or the Affiliate immediately before becoming disabled, the meaning of this term under the defined benefit pension plan; or (2) if the Participant does not participate in such a defined benefit
pension plan immediately before becoming disabled, a Participant will be considered “Disabled” if he is receiving disability benefits from Social Security for a disability that occurs while he is employed by the Employer or an Affiliate.

  

	 	(v)	 Discretionary Contributions. “Discretionary Contributions” means the
contributions made to the Plan by an Employer on behalf of a Participant pursuant to Section 5.04. 

  

	 	(w)	 Discretionary Contribution Account. “Discretionary Contribution Account” means
the record of assets held by the Trustee for a Participant or Beneficiary under the Plan that are derived from Discretionary Contributions. 

  

	 	(x)	 Effective Date. “Effective Date” means September 4, 2018.

  

	 	(y)	 Eligible Employee. “Eligible Employee” means an individual who is (1) an
Employee, (2) a member of a group that has been designated as included in the definition of “Eligible Employee” in Paragraph D of an Adoption Agreement, and (3) not a member of a group that has been designated as “Ineligible
Employees” in Paragraph D of an Exit Agreement; provided that Eligible Employee will not include the following, unless Paragraph D of the applicable Adoption Agreement expressly provides to the contrary: 

 

  

			
	The AMETEK Retirement and Savings Plan	  	Page 5

	 	(1)	 a Leased Employee, unless required to be included as an Eligible Employee in order to meet the applicable
requirements of section 414(n)(3) of the Code; 

  

	 	(2)	 an individual who is classified by the Employer or an Affiliate as a temporary or seasonal employee;

  

	 	(3)	 a student who is employed by the Employer or an Affiliate while attending school or during his or her breaks
from school or any other individual who is classified as an “intern” or temporary employee in accordance with the Employer’s or Affiliate’s regular employment practices and policies; 

 

	 	(4)	 an individual who is treated or classified by the Employer as a director, independent contractor or otherwise
is not classified by the Employer as a “common law employee” of the Employer, even if he is later determined to be a “common law employee” of the Employer by reason of Revenue Ruling 87-41
or any successor thereto. If an individual who is excluded pursuant to this paragraph (4) later becomes classified as a common law employee of the Employer or an Affiliate for any reason, that individual will be deemed to be an Eligible
Employee as of the later of (i) the date on which he is reclassified as a common law employee or (ii) the effective date as of which he is reclassified as a common law employee. 

 

	 	(5)	 an individual whose basic compensation for services on behalf of an Employer or Affiliate is not paid directly
by an Employer or Affiliate; 

  

	 	(6)	 an individual employed under a contract or other agreement that provides that the individual is not eligible to
participate in the Plan; or 

  

	 	(7)	 an individual employed by an Employer who is a non-resident alien and
received no earned income (within the meaning of section 911(d)(2) of the Code) from the Employer that constitutes income from sources within the United States (within the meaning of section 861(a)(3) of the Code). 

An individual will be a member of a group that has been designated as included in the definition of “Eligible Employee” in Paragraph
D of an Adoption Agreement as of the date his Employer Unit treats him as a member of such a group if, within 60 days after such treatment begins, the Company adopts or amends an Adoption Agreement that designates him as included in the definition
of “Eligible Employee” in Paragraph D. 
  

	 	(z)	 Employee. “Employee” means any person who is employed by the Employer or an
Affiliate as a common law employee. 

  

	 	(aa)	 Employer. “Employer” means the Company and any Employer Unit.

  

	 	(bb)	 Employer Contribution. “Employer Contribution” means Matching Contributions,
Retirement Contributions, Retirement Incentive Contributions, Discretionary Contributions, or Profit-Sharing Contributions. 

  

			
	The AMETEK Retirement and Savings Plan	  	Page 6

	 	(cc)	 Employer Unit. “Employer Unit” means the Company or any Affiliate or any
division or other group of the Company or an Affiliate that adopts this Plan as indicated in Paragraph B of an Adoption Agreement or Exit Agreement, or any successor to the Company or any such Affiliate, division, or other group of the Company or an
Affiliate. 

  

	 	(dd)	 Exit Agreement. “Exit Agreement” means the agreement by which certain Employees
at a Covered Location of an Employer Unit cease to participate in the Plan and that sets forth certain specifications applicable under the Plan with respect to such Employees. An Exit Agreement will be effective as of the Effective Date stated in
Paragraph A of the Exit Agreement. 

  

	 	(ee)	 Highly Compensated Employee. “Highly Compensated Employee” means an Employee
who: 

  

	 	(1)	 during the Plan Year or the preceding Plan Year was a Five Percent Owner (within the meaning of
Section 19.02(d)), or 

  

	 	(2)	 for the preceding Plan Year had compensation (within the meaning of Section 6.02(c)(2)) in excess of
$110,000 (or such other amount as may be prescribed from time-to-time by the Secretary of the Treasury pursuant to section 414(q)(1)(B)(i) of the Code).

 This definition is intended to implement the definition of highly compensated employee in section 414(q) of the Code,
and will be applied in a manner that is consistent with that section and with any relevant regulations or other guidance issued thereunder, including any regulations or other guidance adjusting the $110,000 amount. 

 

	 	(ff)	 Hour of Service. “Hour of Service” means each of the following, without
duplication: 

  

	 	(1)	 each hour for which an Employee is paid or entitled to payment for the performance of duties for an Employer or
an Affiliate; 

  

	 	(2)	 each hour for which an Employee is paid or entitled to payment by an Employer or Affiliate although no duties
are performed (irrespective of whether the employment relationship has terminated) due to vacation, holiday, illness, layoff, jury duty, military duty, or leave of absence; 

 

	 	(3)	 each hour for which back pay is awarded or agreed to by an Employer or Affiliate, irrespective of mitigation of
damages; and 

  

	 	(4)	 each hour of military leave, in accordance with Section 20.03, or family and medical leave that is
required by Federal law to be credited. 

  

	 	(gg)	 In-Plan Roth Conversion.
“In-Plan Roth Conversion” means the transfer of amounts from an Account of the Participant to an In-Plan Roth Conversion Account. 

  

			
	The AMETEK Retirement and Savings Plan	  	Page 7

	 	(hh)	 In-Plan Roth Conversion Account. “In-Plan Roth Conversion Account” means the record of assets held by the Trustee for a Participant or Spouse Beneficiary under the Plan that are derived from In-Plan
Roth Conversions. 

  

	 	(ii)	 Insurance Contract. “Insurance Contract” means an insurance policy, including,
but not limited to, universal life insurance policies issued by a licensed insurance carrier, issued to the Trustee for the benefit of a Participant. 

  

	 	(jj)	 Investment Fund. “Investment Fund” means the one or more investment funds
provided pursuant to Section 8.01. 

  

	 	(kk)	 Leased Employee. “Leased Employee” means any person who, pursuant to an
agreement between the Employer or an Affiliate and any other person (“leasing organization”), performed services for the Employer or Affiliate or any related persons determined in accordance with section 414(n)(6) of the Code on a
substantially full-time basis for a period of at least one year and such services are performed under the primary direction of or control by the Employer or Affiliate. In the case of any person who is a Leased Employee before or after a period of
Service as an Employee, the entire period during which he performed services as a Leased Employee will be counted as service as an Employee for all purposes of the Plan, except that he will not, by reason of that status, become a Participant of the
Plan. However, the period during which such individual performed services as a Leased Employee will not be counted as service as an Employee if, while a Leased Employee, (1) the individual is covered by a plan maintained by his leasing
organization that meets the requirements of section 414(n)(5)(B) of the Code and (3) Leased Employees do not constitute more than twenty percent (20%) of the non-highly compensated workforce of the
Employer. A Participant will not be deemed to have terminated employment for purposes of this Plan if he becomes a Leased Employee. 

  

	 	(ll)	 Loan Fund. “Loan Fund” means the Investment Fund described in
Section 8.01(a). 

  

	 	(mm)	 Matching Contributions. “Matching Contributions” means the contributions made to
the Plan by an Employer on behalf of a Participant pursuant to Section 5.01. 

  

	 	(nn)	 Matching Contribution Account. “Matching Contribution Account” means the record
of assets held by the Trustee for a Participant or Beneficiary under the Plan that are derived from Matching Contributions. 

  

	 	(oo)	 Merged Plan Contributions. “Merged Plan Contributions” means the amounts that
(1) are subject to a vesting schedule, distribution right, or other special right or feature identified in the Adoption Agreement that is not otherwise available under the Plan and (2) are transferred to the Plan on behalf of a Participant
from a plan that is merged into the Plan pursuant to Section 18.04. 

  

	 	(pp)	 Merged Plan Contribution Account. “Merged Plan Contribution Account” means the
record of assets held by the Trustee for a Participant or Beneficiary under the Plan that are derived from Merged Plan Contributions. 

  

			
	The AMETEK Retirement and Savings Plan	  	Page 8

	 	(qq)	 Normal Retirement Age. “Normal Retirement Age” means (1) age 65 for a
Participant who is not eligible for Retirement Contributions pursuant to Paragraph E of the applicable Adoption Agreement or (2) the later of (i) age 65 or (ii) the fifth (5th) anniversary of the Participant’s commencement of
participation in the Plan. 

  

	 	(rr)	 Participant. “Participant” means any Eligible Employee who satisfies the
requirements set forth in Article 3. In the event of the death or incompetency of a Participant, the term will mean the Participant’s personal representative or guardian. 

 

	 	(ss)	 Period of Severance. “Period of Severance” means for any Employee, the period
beginning on the Employee’s Severance from Service Date and ending on the date the Employee next completes an Hour of Service. 

  

	 	(tt)	 Plan. “Plan” means The AMETEK Retirement and Savings Plan as it may be amended
from time to time. 

  

	 	(uu)	 Plan Administrator. “Plan Administrator” means the person, group of persons,
firm, or corporation serving as plan administrator pursuant to Section 14.01. 

  

	 	(vv)	 Plan Year. “Plan Year” means the
12-month period beginning on each January 1 and ending the following December 31. 

  

	 	(ww)	 Predecessor Employer. “Predecessor Employer” means a prior employer of an
eligible Employee designated as such in Paragraph H of an Adoption Agreement. 

  

	 	(xx)	 Pre-Tax Contributions. “Pre-Tax Contributions” means the contributions made to the Plan by an Employer pursuant to a Participant election under Section 4.01. 

 

	 	(yy)	 Pre-Tax Contribution Account. “Pre-Tax Contribution Account” means the record of assets held by the Trustee for a Participant or Beneficiary under the Plan that is derived from Pre-Tax
Contributions. 

  

	 	(zz)	 Profit-Sharing Contributions. “Profit-Sharing Contributions” means the
contributions made to the Plan by an Employer on behalf of a Participant pursuant to Section 5.05. 

  

	 	(aaa)	 Profit-Sharing Contribution Account. “Profit-Sharing Contribution Account” means the
record of assets held by the Trustee for a Participant or Beneficiary under the Plan that are derived from Profit-Sharing Contributions. 

  

	 	(bbb)	 Qualified Domestic Relations Order. “Qualified Domestic Relations Order” or
“Order” means a domestic relations order (as defined in section 414(p) of the Code) that (1) creates or recognizes the existence of an Alternate Payee’s right to, or assigns to an Alternate Payee the right to, receive all or a
portion of the benefits payable with respect to a Participant under the Plan and (2) meets the requirements of section 206(d)(3) of ERISA and section 414(p) of the Code, as determined by the Plan Administrator. 

  

			
	The AMETEK Retirement and Savings Plan	  	Page 9

	 	(ccc)	 Retirement Contributions. “Retirement Contributions” means the contributions
made to the Plan by an Employer on behalf of a Participant pursuant to Section 5.02. 

  

	 	(ddd)	 Retirement Contribution Account. “Retirement Contribution Account” means the
record of assets held by the Trustee for a Participant or Beneficiary under the Plan that is derived from Retirement Contributions. 

  

	 	(eee)	 Retirement Incentive Contributions. “Retirement Incentive Contributions” means
the contributions made to the Plan by an Employer on behalf of a Participant pursuant to Section 5.03. 

  

	 	(fff)	 Retirement Incentive Contribution Account. “Retirement Incentive Contribution
Account” means the record of assets held by the Trustee for a Participant or Beneficiary under the Plan that is derived from Retirement Incentive Contributions. 

 

	 	(ggg)	 Rollover Contributions. “Rollover Contributions” means the elective
contributions made to the Plan by a Participant under Section 4.05. 

  

	 	(hhh)	 Rollover Contribution Account. “Rollover Contribution Account” means the record
of assets held by the Trustee for a Participant or Beneficiary under the Plan that is derived from Rollover Contributions. The Rollover Contribution Account includes the subaccounts specified in Section 7.02(f). 

 

	 	(iii)	 Roth Contributions. “Roth Contributions” means the portion of a
Participant’s Pre-Tax Contributions designated irrevocably as Roth Contributions pursuant to a Participant election under Section 4.01(a)(3). 

 

	 	(jjj)	 Roth Contribution Account. “Roth Contribution Account” means the record of
assets held by the Trustee for a Participant or Beneficiary under the Plan that is derived from Roth Contributions. 

  

	 	(kkk)	 Service. “Service” means, with respect to any Employee, his periods of
employment with an Employer or Affiliate that are counted as “Service” in accordance with the following rules: 

  

	 	(1)	 Each Employee will be credited with Service under the Plan for the period or periods during which such Employee
maintains an employment relationship with an Employer or Affiliate. An Employee’s employment relationship begins on the date the Employee first renders one Hour of Service and ends on his Severance from Service Date. 

 

	 	(2)	 Notwithstanding anything to the contrary in paragraph (1) or subsection (lll), if an Employee is
continuously absent from employment with an Employer or Affiliate for more than one year for a reason described in subsection (lll)(2)(A), the period between the first and second anniversaries of the Employee’s first date of absence will not be
treated as Service. 

  

			
	The AMETEK Retirement and Savings Plan	  	Page 10

	 	(3)	 Service also will include a Period of Severance between an Employee’s Severance from Service Date and the
first anniversary of the date on which the Employee was first absent, if the Employee completes an Hour of Service on or before such first anniversary date. 

  

	 	(4)	 Service credit for a period of “qualified military service” will be determined in accordance with
Section 20.03. 

  

	 	(lll)	 Severance from Service Date. “Severance from Service Date” means the earliest
of: 

  

	 	(1)	 the date an Employee quits, is discharged, retires, or dies (but not including the date a Participant becomes a
Leased Employee); or 

  

	 	(2)	 the later of: 

  

	 	(A)	 the second anniversary of the date the Employee is first absent from employment with the Employer or an
Affiliate on account of the Employee’s pregnancy, the birth of the Employee’s child, the placement of a child with the Employee in connection with the Employee’s adoption of that child, or the Employee’s caring for such child
immediately following birth or placement; or 

  

	 	(B)	 the first anniversary of the date the Employee is first absent from employment with the Employer or an
Affiliate for any other reason (including a reason other than those set forth in paragraph (1)), such as vacation, holiday, sickness, disability, leave of absence (including pursuant to the Family and Medical Leave Act of 1993 and the regulations
thereunder), or layoff. 

  

	 	(mmm)	 Spouse. “Spouse” means the individual to whom the Participant is legally
married, determined in accordance with IRS Revenue Ruling 2013-17 and other relevant guidance issued by the Internal Revenue Service and the Department of Labor, as of the earlier of the date on which the
first payment of his retirement benefit is to be made or the date of his death. For periods before June 26, 2013, an individual shall be treated as a Spouse only to the extent provided in the provisions of the Plan then in effect. The term
“Spouse” also will include a former Spouse of a Participant to the extent required by a Qualified Domestic Relations Order. 

  

	 	(nnn)	 Taxable Wage Base. “Taxable Wage Base” for a Plan Year means the contribution
and benefit base in effect under section 230 of the Social Security Act on the first day of the Plan Year for which allocations of Retirement Contributions are made. The Taxable Wage Base will be deemed to be the full amount of the Taxable Wage Base
even if a Participant’s Compensation for a Plan Year is less than the Taxable Wage Base for reasons which include becoming a Participant after the first day of the Plan Year or experiencing a Severance From Service Date before the end of the
Plan Year. 

  

	 	(ooo)	 Test Group. “Test Group” means for any calendar year, each Participant described
in Section 3.02: 

  

			
	The AMETEK Retirement and Savings Plan	  	Page 11

	 	(1)	 other than a Participant who is a non-Highly Compensated Employee, has
not attained age twenty-one (21), and who has completed less than a Year of Service before the last day of the Plan Year; 

 

	 	(2)	 who is employed by an Employer Unit as an Eligible Employee at any time during that year; and

  

	 	(3)	 who is a Highly Compensated Employee. 

 

	 	(ppp)	 Trust Fund. “Trust Fund” means all money, securities, and other property that is
held by the Trustee, pursuant to the terms of the trust agreement established for such purposes. 

  

	 	(qqq)	 Trustee. “Trustee” means the entity or individuals appointed from time to time
by the Company to hold the assets of the Plan. 

  

	 	(rrr)	 Valuation Date. “Valuation Date” means the date as of which the Trustee will
determine the value of the assets in the Trust Fund for purposes of enabling the Plan Administrator or its delegate to determine the value of the Accounts. 

  

	 	(sss)	 Year of Service. “Year of Service” means for any Employee, each consecutive 12-month period of Service. 

 2.02 Construction. 

For purposes of the Plan, unless the contrary is clearly indicated by context, 

 

	 	(a)	 the use of the masculine gender will also include within its meaning the feminine and vice versa,

  

	 	(b)	 the use of the singular will also include within its meaning the plural and vice versa, 

 

	 	(c)	 the word “include” will mean to include without limitation, and 

 

	 	(d)	 any reference to a statute or section of a statute will further be a reference to any successor or amended
statute or section, and any regulations or other guidance of general applicability issued thereunder. 

  

			
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 ARTICLE 3. ELIGIBILITY AND PARTICIPATION 

3.01 Eligibility. 
  

	 	(a)	 Generally. Except as provided in subsection (b), an individual will be eligible to participate in the
Plan if the individual is an Eligible Employee and has attained the age of eighteen (18). 

  

	 	(b)	 Restrictions on Eligibility. 

 

	 	(1)	 An Employee covered by a currently effective collective bargaining agreement will not be eligible to
participate in the Plan unless the Employee is otherwise eligible and the agreement expressly provides for inclusion in the Plan of Eligible Employees in his bargaining unit. Expiration of a collective bargaining agreement will not by itself affect
an Employee’s status as eligible to participate in the Plan pending execution of a new collective bargaining agreement. 

  

	 	(2)	 No Employee will be eligible to participate or to continue to participate in the Plan if the applicable laws of
any state, country, or other jurisdiction prohibit participation in the Plan or render its provisions invalid or inoperative in their application to that Employee. 

3.02 Participation. 
 Any individual who
was a Participant in the Plan immediately preceding the Effective Date will be considered a Participant on the Effective Date. Each other Eligible Employee who meets the requirements of Section 3.01 will become a Participant on the first day
that the Eligible Employee first performs an Hour of Service as an Eligible Employee. No Employee will participate before the effective date set forth in Paragraph A of the applicable Adoption Agreement. 

3.03 Cessation of Active Participation. 

Once an Eligible Employee has become an active Participant in the Plan in accordance with Section 3.02, the Eligible Employee will remain
a Participant in the Plan until the Participant’s entire Account balance under the Plan has been distributed in accordance with the provisions of the Plan. While a Participant is an Eligible Employee, the Participant will be considered an
“Active Participant.” During all other periods of participation, a Participant will be considered an “Inactive Participant.” Except as otherwise provided, only those Participants who are Active Participants will be entitled to
share in Matching, Retirement, or Retirement Incentive Contributions or to elect to make Pre-Tax, Roth, After-Tax, Catch-Up, or
Rollover Contributions. 
 3.04 Reemployment of Former Employees and Former Participants. 

Any person employed by an Employer as an Eligible Employee who was previously a Participant or was previously eligible to become a Participant
will be immediately eligible to become a Participant in the Plan. Any other person reemployed by an Employer may participate in the Plan on meeting the requirements of Section 3.02. 

  

			
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 ARTICLE 4. CONTRIBUTIONS BY EMPLOYEES 

4.01 Pre-Tax Contributions and Roth Contributions. 

 

	 	(a)	 Affirmative Election. 

 

	 	(1)	 Amount of Election. Subject to the limits imposed by Section 4.04 and Article 6, a Participant may
elect a reduction in Compensation equal to not less than one percent (1%) and not more than seventy-five percent (75%) of his Compensation for each payroll period beginning after the effective date of his election; provided that if the Participant
is a Highly Compensated Employee, he may not elect a reduction in Compensation equal to more than ten percent (10%) of his Compensation. Pursuant to each such election, the Participant’s Employer Unit will, in accordance with Section 4.07,
contribute the amount of the reduction in Compensation elected for a payroll period to the Plan on the Participant’s behalf as a Pre-Tax Contribution. The Plan Administrator may change the maximum
percentages set forth in this subsection at any time with respect to non-discriminatory groups of Eligible Employees of an Employer Unit. 

 

	 	(2)	 Election Procedures. A Participant may elect to have Compensation that would otherwise be paid to him by
his Employer Unit in cash reduced as provided in subsection (1) by filing an election with the Plan Administrator in such form and at such time as the Plan Administrator will require. Such election will be effective on the first day of the
first payroll period that follows the date that the election is made, subject to such rules as the Plan Administrator may establish for this purpose (including a deadline for making an election effective as of the first day of a particular payroll
period). A Participant’s election will evidence the Participant’s agreement, until subsequently modified by the Participant in accordance with Section 4.06, to have contributions made on the Participant’s behalf in accordance
with paragraph (1). 

  

	 	(3)	 Roth Contributions. A Participant may elect to designate all or a portion of his Pre-Tax Contribution irrevocably, at the time of the election, as a Roth Contribution that is being made in lieu of all or a portion of the Pre-Tax Contribution. Roth
Contributions shall be includible in the Participant’s income pursuant to section 402A of the Code. 

  

	 	(b)	 Automatic Election of Pre-Tax Contributions.

  

	 	(1)	 Amount of Automatic Election. 

 

	 	(A)	 Each Participant will be deemed to have elected to reduce his Compensation by three percent (3%), effective
with respect to the first administratively feasible payroll period following the thirtieth (30th) day after the Participant receives the notice described in paragraph (2), unless within a reasonable period before such date, as determined by the Plan
Administrator, the Participant elects in accordance with Section 4.06(a) either to reduce his 

  

			
	The AMETEK Retirement and Savings Plan	  	Page 14

	 	
Compensation by a different percentage or not to make Pre-Tax Contributions. This deemed election will be a Pre-Tax
Contribution election for all purposes of the Plan and will remain in effect unless the election is changed by the Participant in accordance with the provisions of Section 4.06(a). 

 

	 	(B)	 The amount of a deemed Pre-Tax Contribution election under this
Section 4.01(b) will increase by one percent (1%) of Compensation each year until it equals six percent (6%) of Compensation as follows: 

  

	 	(I)	 the first automatic increase will apply with respect to the first payroll period that begins in January of the
year after the year in which the Participant is deemed to have elected to reduce his Compensation by three percent (3%) under Section 4.01(b)(1)(A), and 

  

	 	(II)	 each subsequent automatic increase will apply with respect to the first payroll period that begins in the
January following the first automatic increase or any subsequent automatic increase. 

 Any automatic increases in a
deemed Pre-Tax Contribution election will remain in place until the Participant’s deemed election equals six percent (6%) of Compensation unless the Participant revokes or changes his election pursuant to
Section 4.06(a) before that time. 
  

	 	(2)	 Notice Regarding Automatic Election. 

 

	 	(A)	 Timing of Notice. At least thirty (30) days, but not more than ninety (90) days, before each
Plan Year, the Plan Administrator will provide each Participant a comprehensive notice described in paragraph (B), below, written in a manner calculated to be understood by the average Participant. If a Participant becomes (or again becomes)
eligible to participate in the Plan after the ninetieth (90th) day before the beginning of the Plan Year and does not receive the notice for that reason, the notice will be provided no earlier than ninety (90) days before the date that the
Participant becomes (or again becomes) eligible to participate in the Plan but not later than the first administratively feasible date after the Participant becomes (or again becomes) eligible to participate in the Plan. 

 

	 	(B)	 Content of Notice. The notice will describe: 

 

	 	(I)	 the amount of Pre-Tax Contributions that will be made on the
Participant’s behalf pursuant to an automatic election; 

  

	 	(II)	 the Participant’s right to elect not to have any Pre-Tax
Contributions made on his or her behalf or to elect to 

  

			
	The AMETEK Retirement and Savings Plan	  	Page 15

	 	
reduce his Compensation by a different percentage or not to make Pre-Tax Contributions; and 

 

	 	(III)	 how Pre-Tax Contributions made pursuant to an automatic election will
be invested in the absence of the Participant’s investment instructions. 

 4.02 After-Tax
Contributions. 
  

	 	(a)	 Amount of Election. Subject to the limits imposed by Section 4.04 and Article 6, a Participant may
elect to make After-Tax Contributions to the Plan equal to not less than one percent (1%) and not more than seventy-five percent (75%) of his Compensation for each payroll period beginning after the effective
date of his election; provided that if the Participant is a Highly Compensated Employee, he may not elect a reduction in Compensation equal to more than ten percent (10%) of his Compensation. Pursuant to each such election, the Participant’s
Employer Unit will, in accordance with Section 4.07, contribute the amount of the reduction in Compensation elected for a payroll period to the Plan on the Participant’s behalf as an After-Tax
Contribution. The Plan Administrator may change the maximum percentages set forth in this subsection at any time with respect to non-discriminatory groups of Eligible Employees of an Employer Unit. Any portion
of an After-Tax Contribution made by a Participant for any Plan Year that exceeds the maximum amount permitted by the Plan shall be returned to him, together with the allocable gain or loss, as soon as
practicable and shall not be considered an After-Tax Contribution for any purpose of the Plan. 

  

	 	(b)	 Election Procedures. A Participant may elect to have Compensation that would otherwise be paid to him by
his Employer Unit in cash reduced as provided in subsection (a) by filing an election with the Plan Administrator in such form and at such time as the Plan Administrator will require. Such election will be effective on the first day of the
first payroll period that follows the date that the election is made, subject to such rules as the Plan Administrator may establish for this purpose (including a deadline for making an election effective as of the first day of a particular payroll
period). A Participant’s election will evidence the Participant’s agreement, until subsequently modified by the Participant in accordance with Section 4.06, to have contributions made on the Participant’s behalf in accordance
with subsection (a). 

 4.03 Catch-Up Contributions. 

Each Participant who has attained (or will attain) age 50 before the close of a Plan Year and on whose behalf his Employer Unit is contributing
the maximum combined Pre-Tax and Roth Contributions permitted under the Plan (by reason of either Section 4.01, Section 4.04, or Article 6) may elect, in accordance with the procedures described in
Section 4.01(a)(2), an additional reduction in Compensation of no more than the least of the following: 
  

	 	(a)	 The excess, if any, of seventy-five percent (75%) of the Participant’s Compensation over the Participants
elected percentage of Compensation for Pre-Tax, Roth, and After-Tax Contributions; 

  

			
	The AMETEK Retirement and Savings Plan	  	Page 16

	 	(b)	 $5,000, as adjusted by the Internal Revenue Service in accordance with section 414(v)(2)(C) of the Code; or

  

	 	(c)	 The excess, if any, of: 

 

	 	(1)	 the Participant’s Compensation (as defined in Section 6.02(c)(2)) for the Plan Year, over

  

	 	(2)	 the Participant’s Pre-Tax and Roth Contributions for the Plan
Year. 

 Pursuant to each such election by a Participant, the Participant’s Employer Unit will, in accordance with
Section 4.07, contribute the amount of the reduction in Compensation to the Plan on the Participant’s behalf as a Catch-Up Contribution. Catch-Up Contributions
are not subject to the limits of Section 4.04 or Article 6. 
 4.04 Limitation on Contributions. 

The sum of a Participant’s Pre-Tax, Roth, After-Tax, and Catch-Up Contributions for any payroll period shall not exceed seventy-five percent (75%) of his Compensation for that payroll period; provided that if the Participant is a Highly Compensated Employee: (a) the
sum of his Pre-Tax and Roth Contributions shall not exceed ten percent (10%) of his Compensation for that payroll period, (b) his After-Tax Contributions shall not
exceed ten percent (10%) of his Compensation for that payroll period, and (c) his Catch-Up Contributions shall not exceed the limit provided under Section 4.03. 

4.05 Rollover Contributions. 
  

	 	(a)	 Subject to Plan Administrator procedures and without regard to any limitations on contributions set forth in
Section 4.01(a), 4.02, 4.03, 4.04, or Article 6, the Plan may receive from an Eligible Employee, regardless of whether he has completed the age requirements of Section 3.01, in cash, any portion of: 

 

	 	(1)	 an eligible rollover distribution (as defined in subsection (f)) paid to an Eligible Employee from an eligible
retirement plan (as defined in subsection (f)), provided that the rollover satisfies the requirements of section 402(c) or 408(d)(3)(A) of the Code and the Eligible Employee pays such amount to the Trustee on or before the 60th day after the day it
was received by the Eligible Employee; or 

  

	 	(2)	 an eligible rollover distribution (as defined in subsection (f)) paid as a direct rollover that satisfies
section 401(a)(31) of the Code to the Trustee on behalf of the Eligible Employee by an eligible retirement plan. 

  

	 	(b)	 The Plan will accept amounts attributable to a designated Roth account or
after-tax amounts; provided that such rollover is in the form of a direct rollover described in subsection (a)(2). 

  

	 	(c)	 Upon approval by the Plan Administrator, the amount transferred to the Plan by an Eligible Employee pursuant to
this Section 4.05 will be credited to the Eligible Employee’s Rollover Contribution Account, and, in accordance with Article 7, shall be allocated within such Rollover Contribution Account to Pre-Tax
Rollover, 

  

			
	The AMETEK Retirement and Savings Plan	  	Page 17

	 	
Roth Rollover, and After-Tax Rollover Subaccounts, as applicable. The Eligible Employee will be fully vested in his Rollover Contribution Account and will
share in allocations of income, gains and losses from investment options. 

  

	 	(d)	 Upon a transfer described in this Section 4.05 by an Eligible Employee who is not a Participant, the
Eligible Employee’s Rollover Contribution Account will represent his sole interest in the Plan until he becomes a Participant. 

  

	 	(e)	 The Plan Administrator will develop such other procedures and may require such information from an Eligible
Employee as it deems necessary or desirable to determine that a proposed rollover will meet the requirements of this Section 4.05 and that the amount rolled over qualifies for rollover treatment pursuant to applicable provisions of the Code. If
the Plan Administrator determines that any Rollover Contribution previously made to the Plan by a Participant is not a valid Rollover Contribution, the Plan Administrator will return to the Participant, as soon as administratively possible, the
amount of the invalid Rollover Contribution, together with earnings attributable to the Rollover Contribution. 

  

	 	(f)	 For purposes of this Section 4.05, the following terms are defined as follows: 

 

	 	(1)	 Eligible Rollover Distribution. An “Eligible Rollover Distribution” is all or any portion of
the distribution from an eligible retirement plan, excluding (A) any distribution that is one of a series of substantially equal periodic payments (not less frequently than annually) made for the life (or life expectancy) of the Eligible
Employee and his designated beneficiary, or for a specified period of ten years or more; (B) any distribution to the extent such distribution is required under section 401(a)(9) of the Code; or (C) any amount that is distributed on account
of hardship. 

  

	 	(2)	 Eligible Retirement Plan. An “Eligible Retirement Plan” means (A) a qualified plan
described in section 401(a) or 403(a) of the Code; (B) an annuity contract described in section 403(b) of the Code; (C) an eligible plan under section 457(b) of the Code which is maintained by a state, political subdivision of a state, or
any agency or instrumentality of a state or political subdivision of a state; (D) an individual retirement account or annuity described in section 408(a) or 408(b) of the Code; or (E) a Roth individual retirement account described in
section 408A(b) of the Code. 

 4.06 Changes and Suspensions. 

 

	 	(a)	 A Participant may elect to: 

 

	 	(1)	 discontinue Pre-Tax Contributions, Roth Contributions, After-Tax Contributions, or Catch-Up Contributions and receive cash, 

  

	 	(2)	 resume Pre-Tax Contributions, Roth Contributions, After-Tax Contributions, or Catch-Up Contributions; or 

  

	 	(3)	 change the rate of his Pre-Tax, Roth Contributions, After-Tax Contributions, or Catch-Up Contributions; 

  

			
	The AMETEK Retirement and Savings Plan	  	Page 18

 by filing an election with the Plan Administrator in such form as the Plan Administrator may
require. Such election will be effective on the first day of the first payroll period that follows the date that the election is made, discontinued, or changed, subject to such rules as the Plan Administrator may establish for this purpose
(including a deadline for making, discontinuing, or changing an election effective as of the first day of a particular payroll period). The Plan Administrator, in its sole discretion, may permit such election to be transmitted electronically or
telephonically, to the extent permitted by, and in accordance with any procedures set forth in, applicable law and regulations. 
  

	 	(b)	 A Participant may elect for his Pre-Tax Contributions to automatically
increase each Plan Year by either one percent (1%), two percent (2%) or three percent (3%) of Compensation to the extent that the increases do not cause the Participant’s Pre-Tax Contributions, Roth
Contributions, or Catch-Up Contributions to exceed the applicable limits described in Section 4.01(a), 4.03, 4.04, and Article 6. The Participant may elect the month that the increase will become
effective during a Plan Year, and any increase will be applied beginning with Compensation earned during the first payroll period of that month. If the Participant does not elect a month for the automatic increase to apply, the increase will be
applied effective beginning with Compensation earned during the first payroll period that begins in each Plan Year. A Participant may prospectively elect, at any time, to apply, discontinue or to change the time and amount of an automatic increase
to the amount of his Pre-Tax Contributions. 

  

	 	(c)	 If a Participant ceases to receive Compensation due to a change of status of employment, the Participant’s
Pre-Tax Contributions, Roth Contributions, After-Tax Contributions, and Catch-Up Contributions will be automatically suspended as
of the date of the change of status and discontinued as of the later of two and one half months after the change of status or the end of the Plan Year in which the change of status occurs. If a Participant’s contributions are discontinued due
to a change of status of employment, his participation in the Plan upon his reemployment will be subject to Section 3.04. If a Participant ceases to receive Compensation by reason of a layoff, an authorized leave of absence, or a change of
status of employment that does not result in discontinuance of the Participant’s contributions, the Participant’s Pre-Tax Contributions, Roth Contributions,
After-Tax Contributions, and Catch-Up Contributions will be automatically suspended at the beginning of the leave period or as of the date of the change of status of
employment and will be automatically reinstated upon his return. 

  

	 	(d)	 An Employer Unit may suspend a Participant’s Pre-Tax
Contributions, Roth Contributions, or After-Tax Contributions at any time if, based on the Employer Unit’s estimates, suspension appears to be necessary to avoid or reduce any year-end adjustment that it otherwise may expect to make under Section 6.02. 

  

	 	(e)	 No Employee will make Pre-Tax Contributions, Roth Contributions, After-Tax Contributions, or Catch-Up Contributions for any payroll period beginning after the effective date as set forth in Paragraph A of an applicable Exit Agreement.

  

			
	The AMETEK Retirement and Savings Plan	  	Page 19

 4.07 Credit to Accounts. 
  

	 	(a)	 Employer Units will make payment in cash of Pre-Tax Contributions, Roth
Contributions, After-Tax Contributions, and Catch-Up Contributions to the Trustee. The Trustee will credit the amounts so received to the
Pre-Tax Contribution, Roth Contribution, After-Tax Contribution, and Catch-Up Contribution Accounts, respectively, of the
appropriate Participants as soon as administratively feasible after receipt of the amounts. 

  

	 	(b)	 Each contribution made by the Employer Units pursuant to the provisions of this Article 4 is made expressly
contingent on its deductibility for federal income tax purposes for the fiscal year with respect to which such contribution is made, and no such contribution will be made for any year to the extent it would exceed the deductible limit for such year
as set forth in section 404 of the Code. 

  

			
	The AMETEK Retirement and Savings Plan	  	Page 20

 ARTICLE 5. EMPLOYER CONTRIBUTIONS 

5.01 Matching Contributions. 
  

	 	(a)	 Subject to the limitations imposed by Article 6, the appropriate Employer Unit will contribute for each
Participant the lesser of: 

  

	 	(1)	 the percentage specified in Paragraph E of the applicable Adoption Agreement multiplied by the sum of any Pre-Tax Contributions and Roth Contributions (not including Catch-up Contributions or amounts initially intended to be Catch-up
Contributions but reclassified as Pre-Tax Contributions or Roth Contributions pursuant to Section 6.01(b)) made on behalf of that Participant for that payroll period, or 

 

	 	(2)	 the maximum Matching Contribution specified in Paragraph E of the applicable Adoption Agreement;

 provided, however, that if the Participant is an active participant in a defined benefit pension plan sponsored by the
Company or an Affiliate, and paragraph E of the applicable Adoption Agreement does not provide for Retirement Contributions, Retirement Incentive Contributions, and/or Profit-Sharing Contributions on behalf of any Eligible Employee, the Employer
Unit will contribute for the Participant 33 1/3% of the Participant’s Pre-Tax Contributions (but not Catch-Up Contributions), on the first 6% of such Eligible
Employee’s Compensation for the applicable payroll period, up to a maximum Matching Contribution of 2% of the Participant’s Compensation for the applicable payroll period; provided that the Matching Contribution made on behalf of any such
Participant will not exceed $1,200 in any Plan Year. 
  

	 	(b)	 Employer Units will make payment in cash of Matching Contributions to the Trustee as soon as practicable after
the Pre-Tax Contributions and Roth Contributions on which such Matching Contributions are based are contributed to the Plan. Matching Contributions will be allocated to Participants’ Matching
Contribution Accounts in accordance with Section 7.02(g). 

 5.02 Retirement Contributions. 

Subject to the limitations imposed by Article 6, if a Participant is eligible for a Retirement Contribution, as provided in Paragraph E of the
applicable Adoption Agreement, the appropriate Employer Unit will contribute to the Plan a percentage (based upon the table set forth below) of the Compensation earned for each payroll period during the Plan Year that the Participant is eligible for
a Retirement Contribution. 
  

									
	 Total of Participant’s Age Plus
Full Years of Service
	  	Percentage of
Compensation Up to
Taxable Wage Base	 	 	Percentage of
Compensation Exceeding
Taxable Wage Base	 
	 Less than 50
	  	 	3	% 	 	 	5	% 
	 50 or more, but less than 65
	  	 	4	% 	 	 	6	% 

  

			
	The AMETEK Retirement and Savings Plan	  	Page 21

									
	 65 or more, but less than 75
	  	 	5	% 	 	 	7	% 
	 75 or more
	  	 	6	% 	 	 	8	% 

 For purposes of this Section 5.02, a Participant’s age and full Years of Service means the
Participant’s age and full Years of Service, not rounded, on the first day of the Plan Year. A Participant who is reemployed after having a Period of Severance of at least one year will not receive credit for Years of Service preceding the
Period of Severance for purposes of calculating a Retirement Contribution under this Section 5.02. 
 Retirement Contributions will be
allocated to eligible Participants’ Retirement Contribution Accounts in accordance with Section 7.02(h). 
 5.03 Retirement Incentive
Contributions. 
 Subject to the limitations imposed by Article 6, if a Participant who is eligible for a Retirement Contribution under
Section 5.02 elects to make Pre-Tax Contributions and/or Roth Contributions to the Plan in accordance with Section 4.01 (not including Catch-Up Contributions
or amounts initially intended to be Catch-Up Contributions but reclassified as Pre-Tax Contributions or Roth Contributions pursuant to Section 6.01(b)) in an amount
equal to not less than six percent (6%) of his Compensation for any payroll period, his Employer Unit will contribute to the Plan for such payroll period an amount equal to one percent (1%) of the Participant’s Compensation for that payroll
period. 
 Employer Units will make payment in cash of Retirement Incentive Contributions to the Trustee as soon as practicable after the Pre-Tax Contributions and/or Roth Contributions on which such Retirement Incentive Contributions are based are contributed to the Plan. Retirement Incentive Contributions will be allocated to
Participants’ Retirement Incentive Contribution Accounts in accordance with Section 7.02(i). 
 5.04 Discretionary Contributions. 

Subject to the limitations imposed by Article 6, an Employer Unit may make a contribution to the Plan in such amount as the Employer Unit may,
in its sole discretion, deem appropriate, and such amount may be zero. Any Discretionary Contribution will be allocated to the Discretionary Contribution Account of each Participant who (a) is a member of a group that has been designated as
included in the definition of “Eligible Employee” in Paragraph D of the appropriate Adoption Agreement, and (b) completes at least one (1) Hour of Service with the Employer Unit during the Plan Year in the same ratio that each
such Participant’s Compensation for such Plan Year bears to the total Compensation of all such eligible Participants for the Plan Year. Notwithstanding the foregoing, an Employer Unit may provide in the written instrument providing for the
Discretionary Contribution a different group of Participants or basis for allocating the Discretionary Contribution that satisfies the nondiscrimination requirements of section 401(a)(4) of the Code and otherwise complies with the requirements of
the Code and ERISA. 

  

			
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 5.05 Profit-Sharing Contributions. 

Subject to the limitations imposed by Article 6, if a collectively bargained Participant is eligible for a Profit-Sharing Contribution, as
provided in Paragraph E of the applicable Adoption Agreement, the appropriate Employer Unit will contribute to the Plan a percentage (as specified in the Adoption Agreement) of the Compensation earned for each payroll period during the Plan Year
that the Participant is eligible for a Profit-Sharing Contribution. Profit-Sharing Contributions will be allocated to Participants’ Profit-Sharing Contribution Accounts in accordance with Section 7.02(m). 

5.06 Credit to Accounts. 
 Employer
Contributions made pursuant to this Article 5 for any Plan Year will be made no later than the last day on which amounts may be deducted for federal income tax purposes for the taxable year of the Employer Unit in which the Plan Year ends. Each
contribution made by Employer Units pursuant to the provisions of this Article 5 is made expressly contingent on its deductibility for federal income tax purposes for the fiscal year with respect to which such contribution is made, and no such
contribution will be made for any year to the extent it would exceed the deductible limit for such year as set forth in section 404 of the Code. 

  

			
	The AMETEK Retirement and Savings Plan	  	Page 23

 ARTICLE 6. LIMITATIONS ON CONTRIBUTIONS AND ALLOCATIONS TO ACCOUNTS 

6.01 Limits on Employee Contributions. 
  

	 	(a)	 In General. Except as provided in Section 4.03 (with respect to
Catch-Up Contributions) and Section 20.02(b), a Participant’s Pre-Tax Contributions and Roth Contributions for any calendar year will not exceed the amount set
forth in section 402(g)(1) of the Code, as adjusted from time to time by the Secretary of the Treasury or by applicable law, reduced by contributions to other plans excludible from his taxable income by reason of sections 401(k), 403(b), 408(k), or
408(p) of the Code. 

  

	 	(b)	 Correction of Excess Deferrals. If the sum of the Participant’s
Pre-Tax Contributions and Roth Contributions (excluding Catch-Up Contributions) and similar contributions to any other qualified defined contribution plan maintained by
the Employer or an Affiliate on behalf of a Participant exceeds the dollar limit set forth above for any calendar year, the Participant will be deemed to have elected a return of the contributions in excess of such limit (“excess
deferrals”) from this Plan. In addition, if a Participant makes pre-tax contributions or Roth contributions under another qualified defined contribution plan maintained by an employer other than the
Employer or an Affiliate for any calendar year and those contributions when added to his Pre-Tax Contributions and Roth Contributions under this Plan exceed the dollar limit set forth above for that calendar
year, the Participant may allocate a portion of such excess deferrals to this Plan so long as he notifies the Plan Administrator by April 1 of that following year of the amount of excess deferral allocated to this Plan. The excess deferrals,
together with earnings, will be returned to the Participant no later than April 15 following the end of the calendar year in which the excess deferrals were made. Roth Contributions will be returned first and, to the extent that the excess
deferrals are more than the Participant’s Roth Contributions for the year, then Pre-Tax Contributions equal to the remainder of the excess deferrals will be returned. The amount of excess deferrals to be
returned for any calendar year will be reduced by any Pre-Tax Contributions or Roth Contributions previously returned to the Participant under Section 6.03(a) for that calendar year or re-characterized as Catch-Up Contributions contributed pursuant to Section 4.03 to the extent permitted by section 414(v) of the Code. If any Pre-Tax Contributions or Roth Contributions returned or re-characterized under this paragraph were matched by Matching Contributions or Retirement Incentive Contributions
under Sections 5.01 and 5.03, respectively, those Matching Contributions and Retirement Incentive Contributions, together with earnings, will be forfeited and used to reduce Employer Contributions. 

6.02 Limits on Annual Additions. 
  

	 	(a)	 In General. The Annual Additions to the Accounts of any Participant for a Plan Year, when added to the
Annual Additions of his accounts under all other defined contribution plans maintained by the Employer or an Affiliate, may not exceed the lesser of: 

  

			
	The AMETEK Retirement and Savings Plan	  	Page 24

	 	(1)	 Forty-nine thousand dollars ($49,000), as adjusted in accordance with section 415(d) of the Code, or

  

	 	(2)	 One hundred percent (100%) of the Participant’s Compensation (as defined below) for the Plan Year.

 The limit referred to in subsection (2) will not apply to any contribution for medical benefits (within the meaning
of section 401(h) or section 419A(f)(2) of the Code) after separation from service which is otherwise treated as an Annual Addition. 
  

	 	(b)	 Correction of Excess Annual Additions. 

 

	 	(1)	 If for any Plan Year the Annual Additions on behalf of a Participant exceed the limitations of subsection (a),
the excess will be disposed of in accordance with the requirements of the Employee Plans Compliance Resolution System or such other method approved by the Internal Revenue Service. 

 

	 	(2)	 If the Annual Additions on behalf of a Participant for a Plan Year exceed the limitations of subsection
(a) because the Participant is also participating in or has participated in a Related Plan, the Annual Additions with respect to the Participant under the other plan will, to the extent permitted by the other plan, be suspended or reduced until
the limitations are satisfied. If the Participant has Annual Additions allocated on his behalf under more than one other Related Plan, suspensions or reductions will be made in reverse chronological order, beginning with the plan under which the
Participant most recently was allocated an Annual Addition and ending with the plan under which the Participant least recently was allocated an Annual Addition. If the other Related Plan does not permit suspensions or reductions as a result of
excess annual additions, reductions or suspensions will be made under this Plan. 

  

	 	(c)	 Definitions. For purposes of this Section 6.02, the following definitions and rules of
interpretation will apply: 

  

	 	(1)	 Annual Additions means the sum of the following amounts: 

 

	 	(A)	 Pre-Tax Contributions, Roth Contributions, After-Tax Contributions, Matching Contributions, Retirement Contributions, Retirement Incentive Contributions, Discretionary Contributions, and Profit-Sharing Contributions allocated to a Participant’s Accounts
under the Plan and similar contributions allocated to a Participant’s accounts under any Related Plan during the Plan Year; 

  

	 	(B)	 Forfeitures allocated to a Participant’s Accounts under this Plan and any Related Plan;

  

	 	(C)	 Any amounts allocated to an individual medical account, as defined in section 414(l)(2) of the Code, that is
part of a pension or annuity plan maintained by an Employer; and 

  

			
	The AMETEK Retirement and Savings Plan	  	Page 25

	 	(D)	 Any amounts derived from contributions for post-retirement medical benefits allocated to the separate account
of a key employee (as defined in section 419(A)(d)(3) of the Code) under a welfare benefit plan (as defined in section 419(e) of the Code) maintained by an Employer. 

 

	 	(2)	 Compensation means (1) wages as defined in section 3401(a) of the Code and all other payments of
compensation to an Employee by the Employer (in the course of the Employer’s trade or business) for which the Employer is required to furnish the Employee a written statement under sections 6041(d), 6051(a)(3), and 6052 of the Code, plus
(2) any amounts deducted from a Participant’s earnings on a pre-tax basis for group health care coverage because the Employer does not request or collect information regarding the Participant’s
other health care coverage as part of the enrollment process for the health plan, to the extent that the sum of these amounts is less than the applicable limitation under section 401(a)(17) of the Code. “Compensation” will not include
compensation paid or made available to the Participant after the Participant’s termination of employment with the Employer or Affiliate, except regular pay (within the meaning of Treasury Regulation section
1.415(c)-2(e)(3)(i)) that is paid by the later of two and one-half months after the Participant terminates employment or the end of the Plan Year. 

 

	 	(3)	 Related Plan means any other plan or portion of a plan that is maintained by the Employer or an
Affiliate and treated as a “defined contribution plan” under section 414(k) of the Code and Treasury Regulation section 1.415(c)-1(a)(2). 

6.03 Nondiscrimination Tests. 
  

	 	(a)	 Pre-Tax Contributions and Roth Contributions. Pre-Tax Contributions and Roth Contributions (not including Catch-Up Contributions) of a Participant in the Test Group will not be given effect and the amounts otherwise
deferred will constitute first Catch-Up Contributions (to the extent permitted under Section 4.03), and then After-Tax Contributions (to the extent permitted under
Section 4.02), to the extent necessary to reduce the average of the Deferral Ratios of all Eligible Employees in the Test Group to the greater of the following amounts (the “Maximum Ratio”): 

 

	 	(1)	 1.25 times the average of the Deferral Ratios of all Eligible Employees in the Base Group for the applicable
Plan Year; or 

  

	 	(2)	 2.0 times the average of the Deferral Ratios of all Eligible Employees in the Base Group, but not more than
this average plus 2%, for the applicable Plan Year. 

 To the extent the recharacterization of Pre-Tax Contributions and Roth Contributions as Catch-Up Contributions or as After-Tax Contributions does not reduce the average of the
Deferral Ratios to the amounts set forth in either subsection (1) or (2), the adjustment will be made by calculating the dollar amount of excess contributions for each affected Highly Compensated Employee

  

			
	The AMETEK Retirement and Savings Plan	  	Page 26

	 	
in the Test Group in the manner described in section 401(k)(8)(B) of the Code and Treas. Reg. § 1.401(k)-2(b)(2), and then returning first the
Roth Contributions and then the Pre-Tax Contributions of each such Highly Compensated Employee with the then-largest dollar amount of Pre-Tax Contributions and Roth
Contributions until the total amount of excess contributions that would be required to satisfy this subsection (a) is returned. Any amounts recharacterized pursuant to this subsection (a) will include income allocable to such amounts
accrued through a date not more than seven days before such amount is recharacterized. Any amounts returned pursuant to this subsection (a) will include income allocable to such amounts accrued through the end of the Plan Year in which such
contributions were made. The amount of income allocable to such amounts will be determined using a reasonable method that is (x) applied consistently for all corrective distributions to Participants for the Plan Year and (y) used by the
Plan for allocating income to Participants’ Accounts. Matching Contributions and Retirement Incentive Contributions (including the earnings and losses thereon, as necessary) made on amounts recharacterized or returned pursuant to this
subsection (a) will be forfeited. 

 The Plan will use the prior year testing method as provided in section 401(k)(3)(A)
of the Code. 
  

	 	(b)	 After-Tax Contributions, Matching Contributions, and Retirement
Incentive Contributions. The average of the Contribution Ratios of all Eligible Employees in the Test Group may not exceed the greater of the following amounts: 

 

	 	(1)	 1.25 times the average of the Contribution Ratios of all Eligible Employees in the Base Group for the
applicable Plan Year; or 

  

	 	(2)	 to the extent not prohibited by applicable regulations, 2.0 times the average of the Contribution Ratios of all
Eligible Employees in the Base Group, but not more than this average plus 2%, for the applicable Plan Year. 

 Adjustment
will be made by returning the After-Tax Contributions, by forfeiting unvested Matching Contributions or Retirement Incentive Contributions (including the earnings and losses thereon), and by distributing
vested Matching Contributions or vested Retirement Incentive Contributions of each Participant in the Test Group. 
 Any such adjustment will
be performed in a manner consistent with that provided for Pre-Tax Contributions and Roth Contributions in subsection (a), including the requirement to include income on amounts returned, forfeited, or
distributed. The amounts forfeited pursuant to this subsection (b) will be used to reduce Matching Contributions or Retirement Incentive Contributions for the Plan Year in which the forfeiture occurs. 

The Plan will use the prior year testing method as provided in section 401(m)(2)(A) of the Code. 

 

	 	(c)	 Notwithstanding any provision of this Section 6.03 to the contrary, Eligible Employees who are included in
a unit of employees covered by an agreement 

  

			
	The AMETEK Retirement and Savings Plan	  	Page 27

	 	
that the Secretary of Labor finds to be a collective bargaining agreement will be tested separately under subsections (a) and (b) from Eligible Employees who are not included in a unit
covered by such an agreement or excluded from such testing, as permitted by applicable law. 

  

			
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 ARTICLE 7. ALLOCATION TO ACCOUNTS 

7.01 Accounts. 
 The Plan Administrator
will create and maintain adequate records to disclose the interest in the Trust Fund of each Participant and Beneficiary. Such records will be in the form of individual accounts and credits and charges will be made to such accounts in the manner
described in this Article 7. When appropriate, a Participant will have any or all of the following separate accounts: a Pre-Tax Contribution Account, a Roth Contribution Account, an After-Tax Contribution Account, a Catch-Up Contribution Account, a Matching Contribution Account, a Retirement Contribution Account, a Retirement Incentive Contribution
Account, a Discretionary Contribution Account, a Rollover Contribution Account, a Merged Plan Contribution Account, an In-Plan Roth Conversion Account, and a Profit-Sharing Account. The maintenance of
individual accounts is only for accounting purposes, and a segregation of the assets of the Trust Fund to each account will not be required. Distributions and withdrawals made from an account will be charged to the account as of the date paid.
Partial distributions and partial withdrawals will be allocated among a Participant’s applicable Accounts on a pro rata basis provided that partial distributions and withdrawals shall be allocated pursuant to a Participant’s election, if a
Participant elects, to the extent permitted by the Plan Administrator and at the time and in the manner prescribed by the Plan Administrator, a different allocation. 

7.02 Account Allocations. 
 The Accounts
of Participants and Beneficiaries will be adjusted in accordance with the following: 
  

	 	(a)	 Income. As of each Valuation Date, each Investment Fund will be revalued separately. Based on such
revaluation of the Investment Funds, each Account will be revalued as of the applicable Valuation Date to reflect its proportionate share of investment experience since the immediately preceding Valuation Date. 

 

	 	(b)	 Pre-Tax Contributions. As of each Valuation Date, the Pre-Tax Contributions received by the Trust Fund since the immediately preceding Valuation Date will be allocated to the Pre-Tax Contribution Accounts of the Participants on
whose behalf such contributions were made. 

  

	 	(c)	 Roth Contributions. As of each Valuation Date, the Roth Contributions received by the Trust Fund since
the immediately preceding Valuation Date will be allocated to the Roth Contribution Accounts of the Participants on whose behalf such contributions were made. 

 

	 	(d)	 After-Tax Contributions. As of each Valuation Date, the After-Tax Contributions received by the Trust Fund since the immediately preceding Valuation Date will be allocated to the After-Tax Contribution Accounts of the Participants
on whose behalf such contributions were made. 

  

	 	(e)	 Catch-Up Contributions. As of each Valuation Date, the Catch-Up Contributions received by the Trust Fund since the immediately preceding Valuation Date will be allocated to the Catch-Up Contribution Accounts of the Participants on
whose 

  

			
	The AMETEK Retirement and Savings Plan	  	Page 29

	 	
behalf such contributions were made. A Catch-Up Contribution Account will consist of the following subaccounts: 

 

	 	(1)	 A Pre-Tax Catch-Up Subaccount,
to which any pre-tax Catch-Up Contributions are credited; and 

  

	 	(2)	 A Roth Catch-Up Subaccount, to which any Roth Catch-Up Contributions are credited. 

  

	 	(f)	 Rollover Contributions. As of each Valuation Date, the Rollover Contributions received by the Trust Fund
since the immediately preceding Valuation Date will be allocated to the Rollover Contribution Accounts of the Participants on whose behalf such contributions were made. The Rollover Contribution Account will consist of the following subaccounts:

  

	 	(1)	 A Pre-Tax Rollover Subaccount, to which any pre-tax rollover contributions are credited; 

  

	 	(2)	 A Roth Rollover Subaccount, to which any Roth rollover contributions are credited; and 

 

	 	(3)	 An After-Tax Rollover Subaccount, to which any after-tax rollover contributions are credited. 

  

	 	(g)	 Matching Contributions. As of each Valuation Date, the Matching Contributions received by the Trust Fund
since the immediately preceding Valuation Date will be allocated to the Matching Contribution Accounts of the Participants on whose behalf such contributions were made. 

 

	 	(h)	 Retirement Contributions. As of each Valuation Date, the Retirement Contributions received by the Trust
Fund since the immediately preceding Valuation Date will be allocated to the Retirement Contribution Account of the Participants on whose behalf such contributions were made. 

 

	 	(i)	 Retirement Incentive Contributions. As of each Valuation Date, the Retirement Incentive Contributions
received by the Trust Fund since the immediately preceding Valuation Date will be allocated to the Retirement Incentive Contribution Accounts of the Participants on whose behalf such contributions were made. 

 

	 	(j)	 Discretionary Contributions. As of each Valuation Date, the Discretionary Contributions received by the
Trust Fund since the immediately preceding Valuation Date will be allocated to the Discretionary Contribution Accounts of the Participants on whose behalf such contributions were made. 

 

	 	(k)	 Merged Plan Contributions. As of each Valuation Date, the Merged Plan Contributions received by the
Trust Fund since the immediately preceding Valuation Date will be allocated to the Merged Plan Contribution Accounts of the Participants on whose behalf such contributions were received. 

  

			
	The AMETEK Retirement and Savings Plan	  	Page 30

	 	(l)	 In-Plan Roth Conversions. As of each Valuation Date, the In-Plan Roth Conversion amounts used in the application of an In-Plan Roth Conversion election since the immediately preceding Valuation Date will be allocated to the In-Plan Roth Conversion Account of the Participant on whose behalf such In-Plan Roth Conversion election was made. 

 

	 	(m)	 Profit-Sharing Contributions. As of each Valuation Date, the Profit-Sharing Contributions received by
the Trust Fund since the immediately preceding Valuation Date will be allocated to the Profit-Sharing Contribution Accounts of the Participants on whose behalf such contributions were made. 

7.03 Statement of Accounts. 
 The Plan
Administrator will furnish each Participant, each Alternate Payee, and each Beneficiary of a deceased Participant, at least quarterly, a statement showing the value of his Accounts, the allocations to and distributions from his Accounts, and such
other information as may be required by applicable law. No statement will be provided to a Participant or Beneficiary after the Participant’s entire vested and nonforfeitable interest in his Accounts is distributed. 

7.04 Allocations Do Not Create Rights. 

No Participant will acquire any right to or interest in any specific asset of the Trust Fund merely as a result of the allocations provided for
in the Plan. 

  

			
	The AMETEK Retirement and Savings Plan	  	Page 31

 ARTICLE 8. INVESTMENT ELECTIONS 

8.01 Investment Funds. 
  

	 	(a)	 The Plan Administrator has the authority to direct the Trustee to maintain the assets of the Trust Fund in
multiple Investment Funds so as to provide alternative investment vehicles for the assets of the Plan. The Plan Administrator, in its sole discretion, has the authority to establish the number and type of Investment Funds, to establish additional
Investment Funds (including the authority to establish a default fund) and to close, limit, or eliminate the availability of any of the Investment Funds. 

Such separate Investment Funds may include a loan fund. The Loan Fund is not available to receive contributions and transfers of funds at the
direction of a Participant, but will be administered solely in connection with loans to Participants pursuant to Article 11. 
 The Plan
Administrator will have the authority (1) to charge any applicable fee against the appropriate Participant’s (or Beneficiary’s or Alternate Payee’s, as applicable) Accounts, and (2) to refuse any investment instruction that
would violate an incorporated policy or practice. 
 Dividends, interest, and other distributions received on the assets held by the Trustee
in each of the Investment Funds will be reinvested in that Investment Fund. 
  

	 	(b)	 Company Stock Fund. The Company Stock Fund will be an Investment Fund under the Plan.

  

	 	(1)	 The Company Stock Fund will not be a managed investment fund and will be invested primarily in Company Stock at
all times. The Company Stock Fund will be a unitized fund and as such will include cash or short-term liquid investments. The Plan Administrator will, after consultation with the Trustee, establish and communicate to the Trustee in writing a target
liquidity percentage and drift allowance for such short-term liquid investments. 

  

	 	(2)	 The Company, as the settlor of the Plan, intends the Company Stock Fund to offer eligible employees
opportunities to invest indirectly in Company Stock and to participate in the performance of Company Stock on terms similar to those that apply to Company shareholders. The Company intends the Company Stock Fund to offer such opportunities over an
indefinite period of time during which the performance of Company Stock could vary widely. The Company intends the Company Stock Fund to continue to offer such opportunities under all market conditions and regardless of the current, recent, or
historical performance of the Company or Company Stock (for example, regardless of whether, over any period of time (of whatever duration), the Company pays dividends to its shareholders and regardless of whether, over any period of time (of
whatever duration), the market price of Company Stock (I) rises or falls, (II) is volatile or stable, or (III) is high or low in relation to any 

  

			
	The AMETEK Retirement and Savings Plan	  	Page 32

	 	
reference point). The Company recognizes that an investment in an undiversified fund, such as the Company Stock Fund, is subject to greater risk than is an investment in a diversified fund, and
the Company expects eligible employees to take that greater risk into account when deciding whether to participate (or to continue participating) in the Company Stock Fund. 

 

	 	(3)	 Because the purpose of the Company Stock Fund is to offer Eligible Employees opportunities to invest indirectly
in Company Stock and to participate in the performance of such stock on terms similar to those that apply to Company shareholders, the Plan’s fiduciaries and administrators will not (I) disclose material
non-public information regarding the Company or Company Stock to the Plan, to the Trustee or other Plan fiduciaries, or to Participants or their Beneficiaries or Alternate Payees before such information is
publicly disclosed or (II) based on such non-public information (and before such information is publicly disclosed), cause the Plan, the Trustee or other Plan fiduciaries, or Participants or their
Beneficiaries or Alternate Payees to take any action with respect to Company Stock (such as buying or selling Company Stock or directing funds into or out of the Company Stock Fund). 

 

	 	(4)	 Dividends received by the Company Stock Fund will be reinvested in additional shares of Company Stock (to the
extent it is unnecessary to retain such dividends as cash to maintain the target liquidity percentage). 

  

	 	(c)	 The Plan will comply with the diversification requirements of section 401(a)(35) of the Code and Treasury
regulations and other applicable guidance issued thereunder. In this respect, a Participant, Beneficiary, or Alternate Payee will be eligible to transfer all or part of the portion of his Account that is invested in the Company Stock Fund to any of
the other available Investment Funds (to the extent available for transfers in), as provided in Section 8.03. In addition: 

  

	 	(1)	 The Investment Funds described in subsection (a) will include not less than three Investment Funds, other
than the Company Stock Fund, into which a Participant, Beneficiary, or Alternate Payee may elect to transfer amounts invested in the Company Stock Fund. Each such additional Investment Fund will be diversified and have materially different risk and
return characteristics. 

  

	 	(2)	 As currently provided in Section 8.03, Participants, Beneficiaries, and Alternate Payees will be provided
with reasonable, periodic opportunities to direct the transfer described in paragraph (1), occurring not less frequently than quarterly; and 

  

	 	(3)	 except as provided in Treasury regulations and other applicable guidance, will not impose restrictions or
conditions with respect to investment in the Company Stock Fund (other than restrictions or conditions imposed by reason of securities laws or designed to ensure compliance with such laws) which are not imposed on investments in other Investment
Funds. 

  

			
	The AMETEK Retirement and Savings Plan	  	Page 33

	 	(4)	 The Plan Administrator will notify Participants, Beneficiaries, and Alternate Payees of their diversification
rights at the time, in the manner, and to the extent required pursuant to section 101(m) of ERISA and regulations and other guidance issued thereunder. 

8.02 Investment Direction. 
 Amounts paid
to Participants’ Accounts will be invested in such Investment Fund or Funds as the Participant will direct in an application filed with the Plan Administrator in such manner and form, and at such time, as the Plan Administrator prescribes;
provided however, that: 
  

	 	(a)	 the amounts to be invested in the Investment Funds will be in integral multiples of one percent (1%) of the
amounts contributed by or on behalf of the Participant under the Plan; 

  

	 	(b)	 that the sum of such percentages does not exceed 100 percent (100%); and 

 

	 	(c)	 the Participant may not elect for more than twenty-five percent (25%) of future contributions to be invested in
the Company Stock Fund and may not elect to transfer amounts from other Investment Funds that would cause more than twenty-five percent (25%) of the value of his Accounts to be allocated to the Company Stock Fund. 

A Participant’s investment election for his Pre-Tax Contributions (or Roth Contributions if no Pre-Tax Contributions) will also apply to his Roth Contributions, After-Tax Contributions, Catch-Up Contributions, Retirement
Contributions, Retirement Incentive Contributions, and Matching Contributions unless the Participant elects otherwise in accordance with the Plan Administrator’s rules. If the Participant fails to make an investment election for all or any
portion of his Account, the Trustee will invest the portion of the Participant’s Accounts for which no election is made in the default Investment Fund selected by the Plan Administrator. If part of a Participant’s Accounts are invested in
an Insurance Contract, his investment directions will be subject to the additional rules provided in Section 8.06(c). If the Plan Administrator permits automatic rebalancing of a Participant’s Account, the automatic rebalancing will not
cause any amounts to be transferred into or out of the Company Stock Fund. 
 8.03 Change in Investment Direction. 

Any investment direction by a Participant pursuant to Section 8.02 will be deemed a continuing direction until changed by the Participant.
A Participant may change his election by submitting his request with the Plan Administrator in the manner and form, and at such time, as the Plan Administrator prescribes; provided however, that the change in investment direction meets the
requirements of Section 8.02. Such change will be implemented in accordance with the conditions and procedures prescribed by the Plan Administrator. 

8.04 Voting of Company Stock. 
 Each
Participant with an interest in the Company Stock Fund will have the right to direct the Trustee as to the manner in which the Trustee is to vote (including not to vote) that 

  

			
	The AMETEK Retirement and Savings Plan	  	Page 34

 
number of shares of Company Stock reflecting such Participant’s proportional interest in the Company Stock Fund. Directions from a Participant to the Trustee concerning the voting of Company
Stock will be communicated in writing, or by such other means as is agreed upon by the Trustee and the Company. These directions will be held in confidence by the Trustee and will not be divulged to the Company, or any officer or employee thereof,
or any other person except to the extent that the consequences of such directions are reflected in reports regularly communicated to any such persons in the ordinary course of the performance of the Trustee’s services. Upon its receipt of the
directions, the Trustee will vote the shares of Company Stock reflecting the Participant’s proportional interest in the Company Stock Fund as directed by the Participant. Except as otherwise required by law, the Trustee will vote shares of
Company Stock reflecting the Participant’s proportional interest in the Company Stock Fund for which it has received no direction from the Participant in the same proportion on each issue as it votes those shares reflecting Participants’
proportional interests in the Company Stock Fund for which the Trustee has received voting directions from Participants. 
 8.05 Tender and Exchange
Offers. 
 Each Participant with an interest in the Company Stock Fund will have the right to direct the Trustee to tender or not to
tender some or all of the shares of Company Stock reflecting such Participant’s proportional interest in the Company Stock Fund. Directions from a Participant to the Trustee concerning the tender of Company Stock will be communicated in
writing, or by such other means as is agreed upon by the Trustee and the Company. These directions will be held in confidence by the Trustee and will not be divulged to the Company, or any officer or employee thereof, or any other person except to
the extent that the consequences of such directions are reflected in reports regularly communicated to any such persons in the ordinary course of the performance of the Trustee’s services. The Trustee will tender or not tender shares of Company
Stock as directed by the Participant. Except as otherwise required by law, the Trustee will not tender shares of Company Stock reflecting a Participant’s proportional interest in the Company Stock Fund for which it has received no direction
from the Participant. 
 A Participant who has directed the Trustee to tender some or all of the shares of Company Stock reflecting the
Participant’s proportional interest in the Company Stock Fund may, at any time before the tender offer withdrawal deadline, direct the Trustee to withdraw some or all of the tendered shares reflecting the Participant’s proportional
interest, and the Trustee will withdraw the directed number of shares from the tender offer before the tender offer withdrawal deadline. A Participant will not be limited as to the number of directions to tender or withdraw that the Participant may
give to the Trustee. 
 A direction by a Participant to the Trustee to tender shares of Company Stock reflecting the Participant’s
proportional interest in the Company Stock Fund, will not be considered a written election under the Plan by the Participant to withdraw, or have distributed, any or all of his withdrawable interest in the Plan. The Trustee will credit to each
proportional interest of the Participant from which the tendered shares were taken the proceeds received by the Trustee in exchange for the shares of Company Stock tendered from the interest. Pending receipt of directions from the Participant or the
Plan Administrator, in accordance with the Plan, as to which of the remaining Investment Funds the proceeds should be invested in, the Trustee will invest the proceeds in such Investment Fund as the Plan Administrator may prescribe in its
discretion. 

  

			
	The AMETEK Retirement and Savings Plan	  	Page 35

 All of the provisions of this Section 8.05 will apply to exchange offers as well as to
tender offers. 
 8.06 Insurance Contract. 
  

	 	(a)	 Insurance Contracts are offered as an Investment Fund with respect to Participants who elected to make
contributions to the Insurance Contracts or to transfer amounts from other Investment Funds to the Insurance Contract before January 1, 1987. No Participants are permitted to make an initial election to contribute to the Insurance Contracts
pursuant to Section 8.02 or 8.03. Subject to the provisions of this Section 8.06, Participants who elected to make contributions to the Insurance Contracts before January 1, 1987, may increase the amount their Accounts contributed to
Insurance Contracts to an amount equal to the premium costs associated with such Insurance Contracts. Participants are permitted to transfer amounts invested in an Insurance Contract to other Investment Funds pursuant to Section 8.03 only at
the times and to the extent permitted under the Insurance Contract. 

  

	 	(b)	 The premiums for such Insurance Contracts are paid from the amounts allocated to the Participant’s
Accounts, as designated by the Participant, from future contributions made on behalf of the Participant and from any amounts paid with respect to the Insurance Contract. If such amounts are insufficient to pay any premiums due on the Insurance
Contract, the Plan Administrator will notify the Participant and the Insurance Contract will be surrendered to the insurance company and the proceeds will be invested in either the default Investment Fund selected by the Plan Administrator as the
Participant so elects in accordance with Section 8.03, after being notified by the Plan Administrator that the Insurance Contract has been surrendered. Alternatively, the Participant may elect to have the Trustee pay the premiums on such
Insurance Contract from the portion of the Participant’s Accounts invested in any other Investment Fund. 

  

	 	(c)	 If a Participant is permitted to invest a portion of his Account or future contributions in an Insurance
Contract, the following rules apply to his investment directions: 

  

	 	(1)	 The provisions of Sections 8.02(b) and 8.02(c) will apply to any amounts contributed by or on behalf of the
Participant under the Plan that remain after the appropriate amount is allocated to Insurance Contracts. For example, the Participant cannot elect for more than 25% of the value of his Account that is not invested in Insurance Contracts to be
invested in the Company Stock Fund. 

  

	 	(2)	 The aggregate premiums paid for term life insurance under any Insurance Contract may not exceed 25 percent
(25%), nor may the aggregate premiums paid for whole life insurance under any Insurance Contract exceed 50 percent (50%) of the Participant’s Pre-Tax Contribution Account, Catch-up Contribution Account, Employer Matching Contribution Account, and Rollover Account, at any particular time. 

  

	 	(d)	 After a Participant terminates employment with the Employer, the Participant may elect to terminate any
Insurance Contract in which a portion of his Account is 

  

			
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invested. If the Participant elects to terminate the Insurance Contract, he will receive the entire value of an Insurance Contract as a single lump sum cash distribution. 

8.07 Additional Rules. 
  

	 	(a)	 If a Participant dies, his Beneficiary has the same investment election rights as the Participant had before
his death, until the Participant’s Account is distributed to the Beneficiary. 

  

	 	(b)	 The Plan is intended to constitute a plan described in section 404(c) of ERISA and Title 29 of the Code of
Federal Regulations, section 2550.404c-1. As such, the Plan’s fiduciaries will be relieved of liability for any losses that are the direct and necessary result of investment instructions given by a
Participant or a Beneficiary. 

  

	 	(c)	 Each Participant is solely responsible for the selection of his investment options. The Trustee, the Plan
Administrator, the Employer, and the officers, supervisors and other employees of the Employer are not empowered to advise a Participant as to the manner in which his accounts will be invested. The fact that an Investment Fund is available to
Participants for investment under the Plan will not be construed as a recommendation for investment in that particular Investment Fund. 

  

			
	The AMETEK Retirement and Savings Plan	  	Page 37

 ARTICLE 9. VESTING 

9.01 Immediate Vesting. 
 A Participant
will at all times be 100% vested in and have a nonforfeitable right to the value of his Pre-Tax Contribution Account, his Roth Contribution Account, his After-Tax
Contribution Account, his Catch-Up Contribution Account, his Matching Contribution Account, and his Rollover Contribution Account. A Participant will be 100% vested in and have a nonforfeitable right to the
value of his Discretionary Contribution Account unless otherwise provided in the written instrument providing for the Discretionary Contribution. 
 9.02
Delayed Vesting. 
 Unless an event described in Section 9.03 occurs earlier, a Participant will be 100% vested in and have a
nonforfeitable right to the value of his Retirement Contribution Account, his Retirement Incentive Contribution Account, and his Profit-Sharing Contribution Account after completing three (3) Years of Service. 

9.03 Vesting Upon Certain Events. 
 Each
Participant will become fully vested in his Retirement Contribution Account, his Retirement Incentive Contribution Account, and his Profit-Sharing Contribution Account upon the first to occur of the following events: 

 

	 	(a)	 death while employed by the Employer and or an Affiliate; 

 

	 	(b)	 employment with the Employer and its Affiliates that terminates at or after the later of (1) a
Participant’s 65th birthday or (2) the fifth (5th) anniversary of the Participant’s commencement of participation in the Plan;

  

	 	(c)	 becoming Disabled while employed by the Employer or an Affiliate; 

 

	 	(d)	 termination of the Plan; 

 

	 	(e)	 a partial termination of the Plan applicable to the Participant as provided in Section 18.02; or

  

	 	(f)	 upon a sale or closing of a covered location, to the extent set forth in an applicable Exit Agreement.

 9.04 Forfeitures. 
  

	 	(a)	 Upon termination of employment, a Participant who is not fully vested in his Retirement Contribution Account,
Retirement Incentive Contribution Account, or Profit-Sharing Account will forfeit the entire unvested amounts in these Accounts as of the earlier of (1) the date on which he receives a distribution of his Retirement Contribution Account,
Retirement Incentive Account, or Profit-Sharing Account, as applicable, or (2) the date on which he incurs a Period of Severance of at least five (5) years. 

  

			
	The AMETEK Retirement and Savings Plan	  	Page 38

	 	(b)	 Any amounts forfeited under subsection (a) will be restored if the Participant is reemployed with the
Employer or an Affiliate before incurring a Period of Severance of at least five (5) years. Such restored amounts will be allocated to the Participant’s Retirement Contribution Account, his Retirement Incentive Account, and his
Profit-Sharing Account, as applicable. In addition, for purposes of Section 9.02, the Participant’s vested right to the amount so contributed will be determined based upon his Years of Service completed both before and after his Period of
Severance. 

  

	 	(c)	 If a Participant who was eligible to receive Retirement Contributions, Retirement Incentive Contributions, or
Profit-Sharing Contributions incurs a Period of Severance of less than five (5) consecutive years, such Employee’s Years of Service completed before the Period of Severance will be taken into account to determine the vested percentage of
his Retirement Contribution Account, Retirement Incentive Contribution Account, or Profit-Sharing Account upon his reemployment by an Employer or an Affiliate, whether or not the Participant is again eligible to receive Retirement Contributions,
Retirement Incentive Contributions, or Profit-Sharing Contributions. 

  

	 	(d)	 Retirement Contributions, Retirement Incentive Contributions, or Profit-Sharing Contributions forfeited in any
Plan Year pursuant to this Section 9.04 will be applied (1) to reduce any future Employer Contributions, or (2) to pay reasonable expenses of administering the Plan. Any forfeitures used to reduce future Employer Contributions may be
allocated among the types of Employer Contributions in any manner that the Plan Administrator or their designee deems to be appropriate. 

  

			
	The AMETEK Retirement and Savings Plan	  	Page 39

 ARTICLE 10. WITHDRAWALS DURING EMPLOYMENT 

10.01 Limited In-Service Withdrawals. 

A Participant who has not terminated employment may request a distribution of all or part of his Account only as follows: 

 

	 	(a)	 Age 59 1⁄2.
A Participant who has attained age 591⁄2 may request a distribution of all or a part of the vested portion of his Account. Such distribution will be made as soon as
practicable following the Plan Administrator’s receipt of the Participant’s request for withdrawal in the form and manner required by the Plan Administrator and will be made in the form of a single lump sum payment. 

 

	 	(b)	 After-Tax Contribution Account. A Participant may withdraw all
or part of his After-Tax Contribution Account, including after-tax contributions that have been transferred to the Plan from a plan that is merged into the Plan pursuant
to Section 18.04. If a Participant’s After-Tax Contribution Account includes amounts attributable to after-tax contributions made before January 1, 1987,
such contributions shall be withdrawn before amounts attributable to after-tax contributions made after December 31, 1986, or earnings on pre-1987 after-tax contributions. 

  

	 	(c)	 Hardship Withdrawal. A Participant may request a hardship withdrawal to the extent permitted by
Section 10.02. 

  

	 	(d)	 Rollover Contribution Account. A Participant may withdraw all or part of his Rollover Contribution
Account at any time. 

  

	 	(e)	 Notwithstanding the foregoing, no amount that is attributable to assets transferred from any defined benefit
plan or any defined contribution plan subject to the funding standards of section 412 of the Code shall be distributable under this Section 10.01. 

10.02 Hardship Withdrawals. 
  

	 	(a)	 A Participant who has not terminated employment may request, in the manner prescribed by the Plan
Administrator, a distribution in the event the Participant has a hardship as defined in subsections (b) and (c). Hardship withdrawals are limited to the excess of (1) the sum of the Participant’s Rollover Contribution Account, Pre-Tax Contribution Account (excluding earnings), Roth Contribution Account (excluding earnings), Catch-Up Contribution Account (excluding earnings), and After-Tax Contribution Account (excluding earnings) over (2) the sum of (i) any outstanding loan the Participant may have and (ii) the sum of all prior distributions from such Accounts.

  

	 	(b)	 A distribution will be made on account of hardship only if the distribution is necessary to satisfy an
immediate and heavy financial need of the Participant. For purposes of this Plan, a distribution is made on account of an immediate and heavy financial need of the Participant only if the distribution is for: 

 

  

			
	The AMETEK Retirement and Savings Plan	  	Page 40

	 	(1)	 expenses for (or necessary to obtain) medical care that would be deductible under section 213(d) of the Code
(determined without regard to whether the expenses exceed the adjusted gross income threshold specified in section 213(a) of the Code); 

  

	 	(2)	 costs directly related to the purchase of a principal residence for the Participant (excluding mortgage
payments); 

  

	 	(3)	 the payment of tuition, related educational fees, room and board for up to the next twelve (12) months of
post-secondary education for the Participant, his or her Spouse, children, or dependents (as defined in Code section 152, but without regard to sections 152(b)(1), (b)(2), and (d)(1)(B)); 

 

	 	(4)	 payments necessary to prevent eviction of the Participant from his principal residence or foreclosure on the
mortgage of the Participant’s principal residence; 

  

	 	(5)	 the payment of burial or funeral expenses for the Participant’s deceased Spouse, child, parent other
dependents (as defined in Code section 152, but without regard to section 152(d)(1)(B)); or 

  

	 	(6)	 expenses for the repair of damage to the Participant’s principal residence that would qualify for the
casualty deduction under section 165 of the Code (determined without regard to whether the loss exceeds 10% of adjusted gross income). 

  

	 	(c)	 A distribution will be considered necessary to satisfy an immediate and heavy financial need of the Participant
only if all three (3) of the following requirements are satisfied: 

  

	 	(1)	 the distribution is not in excess of the amount required to relieve the immediate and heavy financial need of
the Participant (taking into account the taxable nature of the distribution); 

  

	 	(2)	 the Participant has obtained (or is currently obtaining) all distributions, withdrawals, and loans available
under the Plan and all other plans maintained by any Employer or any Affiliate other than hardship distributions and the Participant represents in writing, on forms provided by the Plan Administrator and by providing any documentation required by
the Plan Administrator, that the need cannot be relieved through reimbursement or compensation by insurance or otherwise, by reasonable liquidation of the Participant’s assets, to the extent such liquidation would not itself cause an immediate
and heavy financial need, by cessation of Pre-Tax, Roth, After-Tax, and Catch-Up Contributions under the Plan, by withdrawals,
distributions (other than hardship distributions) or nontaxable loans (at the time of the loan) from any plan maintained by any other entity by which the Participant is employed, or by borrowing from commercial sources on reasonable commercial
terms; and 

  

			
	The AMETEK Retirement and Savings Plan	  	Page 41

	 	(3)	 the Plan Administrator determines that it can reasonably rely on the Participant’s written representation.

  

	 	(d)	 Distributions pursuant to this Section will be made as soon as practicable following the Plan
Administrator’s approval of the Participant’s written request for withdrawal and will be made in the form of a single lump sum payment. The Plan Administrator may request any documentation it may require from a Participant to make a
determination that the Participant is eligible for a hardship withdrawal. 

  

	 	(e)	 A Participant who receives a hardship withdrawal under this Section 10.02 will be prohibited from making Pre-Tax, Roth, After-Tax, or Catch-Up Contributions under this Plan and elective deferrals and employee contributions under all other
plans of the Employer or an Affiliate for six months after receipt of the distribution. An election to receive a hardship distribution will also constitute an election by the Participant to reinstate, as soon as administratively practicable after
the expiration of the six-month suspension period described in this Section 10.02(e), the contribution and investment elections in effect for such Participant immediately before such suspension period.

  

	 	(f)	 A hardship withdrawal fee, in an amount to be determined by the Plan Administrator annually, may be charged to
each Participant receiving an approved hardship withdrawal and will be deducted from the Participant’s Account. 

  

			
	The AMETEK Retirement and Savings Plan	  	Page 42

 ARTICLE 11. LOANS 

11.01 In General. 
 The Plan Administrator
is authorized to administer a loan program under the Plan, pursuant to this Article 11. The loan program and this Article 11 are intended to comply with the requirements of section 4975(d)(1) of the Code and section 408(b)(1) of ERISA, and the
regulations thereunder. 
 11.02 Eligibility for Loans. 

Loans will be made available to Participants. Beneficiaries and Alternate Payees are not eligible to receive loans under the Plan. 

11.03 Application for Loans. 
 A
Participant may borrow from the Plan a portion of the balance of his Accounts, excluding his Retirement Contribution Account, Retirement Incentive Contribution Account, or Profit-Sharing Account by making application to the Plan Administrator in
writing on a form designated by the Plan Administrator. 
 11.04 Treatment of Loans and Loan Repayments. 

 

	 	(a)	 The value of the Participant’s affected Accounts then invested in Investment Funds will be liquidated on a
pro rata basis to the extent required to provide sufficient cash to make the loan, provided that no portion of a borrowed amount will be charged against Insurance Contracts unless value of amounts held in other Investment Funds is less than the
borrowed amount and then only to the extent permitted under the Insurance Contract. The cash will be transferred to the Loan Fund from which all loans will be made. 

 

	 	(b)	 The investment earnings of the Loan Fund that are attributable to any loan made or renegotiated pursuant to the
promissory note (including the interest on any such loan) will be allocated to a separate loan account established on behalf of the Participant who made or renegotiated the loan. 

 

	 	(c)	 As of each Valuation Date, the interest allocated pursuant to subsection (b), above, will be reallocated among
and invested in the then available Investment Funds in the same proportions as the current Employee and Employer Contributions on behalf of the Participant are invested; provided that if no such contributions are being made on behalf of the
Participant as of such Valuation Date, such interest will be invested in accordance with the Participant’s most recent allocation election pursuant to Section 8.02 or 8.03 or, if the Participant fails to make an allocation election, in
accordance with the default allocation provided under Section 8.02. 

  

	 	(d)	 A Participant’s repayment of the principal of a loan will reduce the Participant’s interest in the
Loan Fund and will be invested as soon as practicable in the then available Investment Funds first, to repay any amount that may have been borrowed under the terms of any Insurance Contracts allocated to the Participant’s Accounts if such loan
was originally charged against such Insurance 

  

			
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Contracts and second, in the same proportions as the current Employee and Employer Contributions on behalf of each such Participant are invested; provided that if no such contributions are then
being made on behalf of the Participant, such repayments will be invested in accordance with the Participant’s most recent allocation election pursuant to Section 8.02 or 8.03 or, if the Participant fails to make an allocation election, in
accordance with the default allocation provided under Section 8.02 of the Plan. 

 11.05 Terms and Conditions of Loans. 

All loans pursuant to the loan program will be made to Participants on the following terms and conditions: 

 

	 	(a)	 Amount. A loan will not be made to a Participant pursuant to the loan program unless, immediately after
the loan is approved, the total outstanding balance of all loans made to the Participant pursuant to the loan program (including the loan that is then being approved) does not exceed 50% of the vested balance of the Participant’s Account less
the value of the sum of any Retirement Contribution Account, Retirement Incentive Contribution Account, and Profit-Sharing Account; nor may any single loan pursuant to the loan program be for an amount that is: 

 

	 	(1)	 more than $50,000 (reduced by the excess (if any) of the highest outstanding balance of the loans made to the
Participant pursuant to the loan program during the one-year period ending on the day before the date on which the loan is made over the outstanding balance of the loans made to the Participant pursuant to the
loan program on the date on which the loan is made), or 

  

	 	(2)	 less than $1,000. 

  

	 	(b)	 Number of Outstanding Loans. A Participant may have no more than two (2) outstanding loans at any
time. If a Participant already has an outstanding loan from his Accounts, he may apply for a second loan, provided that (1) if he has had more than one loan outstanding at any time in the last six (6) months, the application may be made no
sooner than six (6) months after the repayment date for the first of the two loans that was repaid, (2) the limits described in subsection (a) are not exceeded by the total outstanding balance of the two loans, and (3) if the
proceeds of the first loan were intended to be used by the Participant to acquire the principal residence of the Participant, notwithstanding anything to the contrary in subsection (a), the proceeds of the second loan may not be used to acquire a
principal residence and the Participant will be required to repay the amount of the second loan within five (5) years of the date of the loan. 

  

	 	(c)	 Loan Terms Must Be In Writing. The loan will be evidenced in a written instrument for the amount of the
loan plus interest, executed by the Participant, on which the Participant will be personally liable and which will be payable to the Trustee. The written instrument will state the terms of the loan. The written instrument for the loan and the
instrument granting the Plan a security interest in the Participant’s Account will be executed by the Participant. 

  

			
	The AMETEK Retirement and Savings Plan	  	Page 44

	 	(d)	 Security. The loan will be secured by the Participant’s entire right, title, and interest in and to
the portion of the balance of the Participant’s Account equal to the amount of the loan (up to 50% of the vested balance, excluding the balance in any Retirement Contribution Account, Retirement Incentive Contribution Account, and
Profit-Sharing Account as of the time the loan is made). The Plan Administrator may request such other or further security as it deems necessary and prudent from time to time, in order to protect the Plan from risk of loss of principal or income if
a default were to occur. 

  

	 	(e)	 Term of Loan. The term of the loan will be for at least 1 and not more than 5 years from the
disbursement of the loan, except that the term of a loan to purchase principal residence for the Participant may be for not more than 10 years. 

  

	 	(f)	 Interest. The unpaid balance of any loan will bear interest at a reasonable fixed rate as determined by
the Plan Administrator based on interest rates charged by commercial lending institutions for loans that would be made under similar circumstances. 

  

	 	(g)	 Repayment of Loan. 

 

	 	(1)	 Generally. The repayment of the loan will be made by payroll deduction, authorized by the Participant at
the time of applying for the loan, in a level amount sufficient to amortize the balance of the loan, together with interest, over the term of the loan; provided that the Participant may prepay the loan in full, without penalty, at any time by
payment in cash; and further provided that, if the Participant’s Compensation is insufficient to permit the repayment of the loan, together with interest, by payroll deduction, the Participant will make payments in cash of amounts sufficient to
amortize the balance of the loan, together with interest, over the term of the loan. Payroll deductions will commence as of the payday for the first payroll period beginning on or after the date as of which the loan is made, or as soon thereafter as
practicable, and will be made with the same frequency as the Participant is paid but not less frequently than quarterly. 

  

	 	(2)	 Leaves of Absence. If a Participant becomes Disabled or is on an approved unpaid leave of absence, the
Plan Administrator may, in its sole discretion, waive payments for up to one (1) year and re-amortize the loan and establish a new loan payment schedule pursuant to which the loan will be repaid in full
by the original maturity date of the Participant’s note and the number of installments due after the leave ends is not less than the number required under the terms of the original loan. The Plan Administrator may require loan payments made
while Disabled or on a leave of absence to be made by Automated Clearing House. 

  

	 	(3)	 Military Service. If a Participant is absent during a period of qualified military service (within the
meaning of Section 20.01, repayment will be waived during such period and, upon the Participant’s reemployment by an Employer within the time during which the Participant’s right to reemployment is protected by applicable law, the
loan payment schedule 

  

			
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will resume with the original maturity date of the promissory note adjusted to reflect the period of qualified military service. 

 

	 	(h)	 Default. A failure to make a scheduled payment, or the filing of an application for a benefit
distribution (other than a hardship withdrawal pursuant to Section 10.02 or a distribution on or after a Participant reaches age 591⁄2 pursuant to
Section 10.01(a)) under this Plan, or any other default event set forth by the Plan Administrator in the promissory note for a Participant’s loan will constitute events of default. If a Participant defaults on a loan and such failure is
not cured on or before the last day of the quarter next following the quarter in which the event of default occurs, the unpaid principal and accrued interest due under the loan will be declared immediately payable in full and may be charged back
against the Participant’s Accounts as a distribution at the earliest time that the Participant is entitled to receive a distribution under this Plan. 

  

	 	(i)	 Loan Fees. A loan origination fee, in an amount determined by the Plan Administrator annually, may be
charged to each Participant obtaining a loan and will be deducted from the loan proceeds. In addition, a loan maintenance fee, in an amount determined by the Plan Administrator, may be charged to each Participant and will be deducted from such
Participant’s Accounts for each Plan Year during which such loan is outstanding. 

 11.06 Rollover Loans. 

The Plan Administrator may, in its sole discretion, accept a rollover loan if permitted under Paragraph F of the applicable Adoption Agreement.
Such loans will be subject to such rules and regulations as the Plan Administrator in its discretion may establish; provided, that unless expressly provided otherwise in an applicable Adoption Agreement, (a) a rolled over loan will not be
accepted unless the entire account from which the loan was taken is transferred to the Plan, (b) any rolled over loan will remain subject to the terms of the promissory note in effect at the time of the rollover, and (c) a rolled over loan
will count toward the limits set forth in Section 11.05 on the number of loans that may be outstanding. 

  

			
	The AMETEK Retirement and Savings Plan	  	Page 46

 ARTICLE 12. DISTRIBUTION OF ACCOUNTS 

12.01 Distribution Events. 
 If a
Participant ceases to be an Employee or becomes Disabled while employed, all of his Accounts to the extent then vested under Article 9 will become distributable unless the Plan Administrator determines in good faith that under applicable law
distribution cannot be made without risking the continuing qualified status of the Plan. 
 12.02 Forms of Distribution. 

 

	 	(a)	 When an Account becomes distributable to a Participant or Beneficiary, the Plan Administrator will direct the
Trustee to distribute the Account in accordance with clause (1), (2) or (3) below: 

  

	 	(1)	 If a Participant ceases to be an Employee on account of death, the vested portion of his Account will be
distributed to his Beneficiary in the form of a lump sum. 

  

	 	(2)	 If a Participant ceases to be an Employee or becomes Disabled, the Participant may elect, in accordance with
procedures established by the Plan Administrator regarding the election of distributions to receive all or a part of the vested portion of his Account in one of the following forms: 

 

	 	(A)	 one lump sum payment; 

 

	 	(B)	 payments made over a certain period specified by the Participant in monthly, quarterly, or semi-annual
installments provided, however, that the period over which such payments are to be made may not exceed 15 years or, if shorter, the life expectancy of the Participant. In order to provide installment payments, the Plan Administrator will invest the
remaining balance held in the Participant’s Account in accordance with Sections 8.02 or 8.03 pursuant to the instructions of the Participant. An annual administrative fee will be deducted from the Participant’s Account for installment
payments in an amount determined by the Trustee. A Participant may elect at any time to receive all remaining installment payments, if any, in a single lump sum payment. 

 

	 	(b)	 Distributions will be in the form of cash, except that a Participant or Beneficiary whose benefit will be paid
in the form of a lump sum, may request that any portion of the Participant’s Account that is invested in the Company Stock Fund be distributed in shares of Company Stock, plus cash for any fractional shares. 

12.03 Timing of Distributions. 
  

	 	(a)	 Any distribution will be made as soon as administratively practicable after the Participant or Beneficiary, as
the case may be, returns a completed benefit distribution form to the Plan Administrator. Subject to subsections (c) or (d), a Participant’s Account must be distributed no later than the 60th day after the close of the Plan Year in which
the latest of the following events occurs: 

  

			
	The AMETEK Retirement and Savings Plan	  	Page 47

	 	(1)	 the Participant attains age sixty-five (65); 

 

	 	(2)	 the tenth anniversary of the year in which the Participant began to participate in the Plan; or

  

	 	(3)	 the termination of the Participant’s employment with the Employer or an Affiliate; 

provided, however, that the Participant may elect to defer distribution of benefits under the Plan until any time before his Required Beginning
Date as defined in subsection (d)(2)(A). 
 Until benefits are distributed, a Participant’s Account will be held and invested in
accordance with Sections 8.02 or 8.03 pursuant to the instructions of the Participant. 
  

	 	(b)	 If the Participant dies after distributions have commenced under Section 12.02(a)(2)(B), but before the
total of a Participant’s Account has been distributed, the remainder of the Participant’s Account will be distributed at least as rapidly as the method of distribution in effect on the date of the Participant’s death.

  

	 	(c)	 Notwithstanding anything to the contrary in subsection (a), if the value of a Participant’s Account
(calculated by excluding the portion of the Participant’s Account attributable to his Rollover Contribution Account, and rollover contributions made to a plan that was merged with and into the Plan) is $5,000 or less, the Plan Administrator
will pay such benefit in a single lump sum as soon as practicable after the retirement, termination, Disability or death of the Participant, and any such distribution to the Participant or his Beneficiary, as the case may be, will be in complete
discharge of the Plan’s obligation with respect to such benefit. In the event of a mandatory distribution greater than $1,000 in accordance with this subsection (c), if the Participant does not elect to have such distribution paid directly to
an Eligible Retirement Plan in a direct rollover or to receive the distribution directly in accordance with Section 13.01, then the Plan Administrator will pay the distribution in a direct rollover to an individual retirement plan designated by
the Plan Administrator. For purposes of determining whether a mandatory distribution exceeds $1,000, a Participant’s Roth Contribution Account will be considered separately from the remainder of the Participant’s Account.

  

	 	(d)	 Delay of Distributions. 

The following provisions will apply to limit a Participant’s ability to delay the distribution of benefits. 

 

	 	(1)	 General Rules. 

 

	 	(A)	 The form and timing of all distributions under this subsection (d) will be in accordance with section
401(a)(9) of the Code, including the incidental death benefit requirements of section 401(a)(9)(G) of the Code, and Treasury Regulations under section 401(a)(9) 

  

			
	The AMETEK Retirement and Savings Plan	  	Page 48

	 	
that were published on April 17, 2002 or any subsequent guidance interpreting section 401(a)(9) or any amendments thereto. 

 

	 	(B)	 Notwithstanding anything to the contrary contained in this subsection (d), a Participant or Beneficiary who
would have been required to receive a distribution for 2009 pursuant to this subsection (d) but for the enactment of section 401(a)(9)(H) of the Code (or for any subsequent year to which section 401(a)(9)(H) of the Code applies), and who would
have satisfied the requirements of this subsection (d) by receiving a distribution that is (I) equal to the required minimum distribution under subsection (3) or (4) or (II) part of a series of substantially equal distributions
that include such required minimum distribution, will not receive such distribution unless the Participant or Beneficiary elects to receive such distribution in the manner required by the Plan Administrator. For purposes of Section 13.02, a
distribution elected by a Participant or Beneficiary pursuant to the preceding sentence will not be treated as an eligible rollover distribution. 

  

	 	(C)	 For purposes of this subsection (d), designated Beneficiary means a Beneficiary designated under the terms of
the Plan who is an individual and otherwise meets the requirements of Treasury Regulation § 1.401(a)(9)-4. 

  

	 	(2)	 Time and Manner of Distribution. 

 

	 	(A)	 Required Beginning Date. Notwithstanding anything to the contrary in this Section 12.03, the entire
vested interest of each Participant’s Account will be distributed or begin to be distributed to such Participant not later than the Required Beginning Date. The “Required Beginning Date” for a five percent owner (as defined in section
416(i) of the Code), is April 1 following the calendar year in which he attains age 701⁄2, regardless of whether he has terminated from employment with the
Employer and its Affiliates. For all other Participants the “Required Beginning Date” is April 1 of the calendar year following the calendar year in which the Participant either attains age
701⁄2 or terminates employment, whichever is later. No minimum distribution payments will be made to a Participant under the provisions of section 401(a)(9) of the
Code while he remains an Employee if the Participant is not a five percent owner as defined above. 

  

	 	(B)	 Death of Participant Before Distributions Begin. If the Participant dies before distributions begin, the
Participant’s vested interest in his Account will be distributed, or begin to be distributed, no later than as follows: 

  

	 	(I)	 If the Participant’s surviving Spouse is the Participant’s sole designated Beneficiary then, except
as provided in subsection (5), distributions to the surviving Spouse will begin by December 31 of the calendar year immediately 

  

			
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following the calendar year in which the Participant died, or by December 31 of the calendar year in which the Participant would have attained age 70 1/2 if later. 

 

	 	(II)	 If the Participant’s surviving Spouse is not the Participant’s sole designated Beneficiary,
distributions to the designated Beneficiary will begin by December 31 of the calendar year immediately following the year in which the Participant died. 

  

	 	(III)	 If there is no designated Beneficiary as of September 30 of the year following the year of the
Participant’s death, the Participant’s entire interest will be distributed by December 31 of the calendar year containing the fifth anniversary of the Participant’s death. 

 

	 	(IV)	 If the Participant’s surviving Spouse is the Participant’s sole designated Beneficiary and the
surviving Spouse dies after the Participant but before distributions to the surviving Spouse are required to begin, this paragraph (B) other than clause (I) will apply as if the surviving Spouse were the Participant. 

 

	 	(C)	 Form of Distribution. Unless the Participant’s interest is distributed in a single sum on or
before the Required Beginning Date, distributions will be made in accordance with subsection (3) or (4). If the Participant’s interest is distributed in the form of an annuity purchased from an insurance company, distributions will be made
in accordance with the requirements of Code section 401(a)(9) and the regulations thereunder. 

  

	 	(3)	 Required Minimum Distribution During Participant’s Lifetime. 

  

	 	(A)	 Amount of Required Minimum Distribution for Each Calendar Year. During the Participant’s lifetime,
the minimum amount that will be distributed for each calendar year is the lesser of: 

  

	 	(I)	 the quotient obtained by dividing the Participant’s vested account balance by the distribution period in
the Uniform Lifetime Table set forth in Treasury Regulation § 1.401(a)(9)-(9), using the Participant’s age as of the Participant’s birthday in the distribution calendar year; or 

 

	 	(II)	 if the Participant’s sole designated Beneficiary for the distribution calendar year is the
Participant’s Spouse, the quotient obtained by dividing the Participant’s vested account balance by the distribution period in the Uniform Lifetime Table set forth in Treasury Regulation § 1.401(a)(9)-(9), using the Participant’s
and Spouse’s attained ages as of the Participant’s and Spouse’s birthdays in the distribution calendar year. 

  

			
	The AMETEK Retirement and Savings Plan	  	Page 50

 The amount of each installment will be based on the value of the Participant’s Account
as of the Valuation Date most recently preceding the first day of the Plan Year with respect to which the installment is payable. The life expectancy of the Participant (or of the Participant and the designated Beneficiary) will be redetermined
annually. 
  

	 	(B)	 Lifetime Required Minimum Distributions Continue Through Year of Participant’s Death. Required
minimum distributions will be determined under this subsection beginning with the first calendar year immediately preceding the calendar year that contains the Participant’s Required Beginning Date and continuing up to and including the
calendar year that includes the Participant’s date of death. 

  

	 	(4)	 Required Minimum Distributions After Participant’s Death.

  

	 	(A)	 Death On or After Date Distributions Begin. 

 

	 	(I)	 Participant Survived by Designated Beneficiary. If the Participant dies on or after the date
distributions begin and there is a designated Beneficiary, the minimum amount that will be distributed for each distribution calendar year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s
vested Account balance by the longer of the remaining life expectancy of the Participant’s designated Beneficiary, determined as follows: 

  

	 	(i)	 The Participant’s remaining life expectancy is calculated using the age of the Participant in the year of
death, reduced by one for each subsequent year; 

  

	 	(ii)	 If the Participant’s surviving Spouse is the Participant’s sole designated Beneficiary, the remaining
life expectancy of the surviving Spouse is calculated for each distribution calendar year after the year of the Participant’s death using the surviving Spouse’s age as of the Spouse’s birthday in that year. For distribution calendar
years after the year of the surviving Spouse’s death, the remaining life expectancy of the surviving Spouse is calculated using the age of the surviving Spouse as of the Spouse’s birthday in the calendar year of the Spouse’s death,
reduced by one for each subsequent calendar year. 

  

	 	(iii)	 If the Participant’s surviving Spouse is no the Participant’s sole designated Beneficiary, the
designated Beneficiary’s remaining life expectancy 

  

			
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is calculated using the age of the Beneficiary in the year following the year of the Participant’s death, reduced by one for each subsequent year. 

 

	 	(II)	 No Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is
no designated Beneficiary as of September 30 of the year after the year of the Participant’s death, the minimum amount that will be distributed for each distribution calendar year after the year of the Participant’s death is the
quotient obtained by dividing the Participant’s account balance by the Participant’s life expectancy calculated using the age of the Participant in the year of death, reduced by one for each subsequent year. 

 

	 	(B)	 Death Before Date Distributions Begin. 

 

	 	(I)	 Participant Survived by Designated Beneficiary. If the Participant dies before the date distributions
begin and there is a designated Beneficiary, except as provided in subsection (5), the minimum amount that will be distributed for each distribution calendar year after the year of the Participant’s death is the quotient obtained by the
dividing the Participant’s vested Account balance by the remaining life expectancy of the Participant’s designated Beneficiary, determined as provided in subsection (A)(I). 

 

	 	(II)	 No Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is
no designated Beneficiary as of September 30 of the year after the year of the Participant’s death, distribution of the Participant’s entire interest will be completed by December 31 of the calendar year containing the fifth
anniversary of the Participant’s death. 

  

	 	(III)	 Death of Surviving Spouse Before Distributions to Surviving Spouse Are Required to Begin. If the
Participant dies before the date distributions begin, the Participant’s surviving Spouse is the Participant’s sole designated Beneficiary, and the surviving Spouse dies before distributions are required to begin to the surviving Spouse
under subsection (2)(B)(I), this subsection (B) will apply as if the surviving Spouse were the Participant. 

  

	 	(5)	 Election of 5-Year Rule. Participants or Beneficiaries may elect
on an individual basis whether the 5-year rule in subsections (2)(B)(II) and (4)(B)(II) applies to distributions after the death of a Participant who has a Designated Beneficiary. The election must be
made no later than the earlier of September 30 of the calendar year in which the distribution would be required to begin under subsection (2)(B)(II) if no such election is made, or by September 30 of the calendar year which contains the
fifth 

  

			
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anniversary of the Participant’s (or, if applicable, surviving spouse’s) death. 

12.04 Beneficiaries. 
  

	 	(a)	 A Participant may designate as his Beneficiary any natural or legal person or entity to whom the Trustee will
pay the Participant’s interest in the Plan in the event of his death. The Participant will make such designation in such form as the Plan Administrator will determine, and will file the designation with Plan Administrator. Such designation may
include contingent Beneficiaries. The Participant may change the Beneficiaries so designated from time to time by filing a new designation with the Plan Administrator according to the rules adopted by it without the consent of or notice to any
Beneficiary previously designated by him, subject to subsection (c). A designation may not be changed by will. The right of any Participant to designate or change the designation of a Beneficiary will continue after the termination of his employment
until he has died or received payment of his full interest in the Plan. Any change in the designation of a Beneficiary will not be recognized if it is delivered to the Plan Administrator after the death of the Participant. Upon the death of a
Beneficiary after the death of the Participant but before payment in full to such Beneficiary, the Trustee will pay such unpaid benefit to the estate of such deceased Beneficiary, unless there exists a surviving secondary Beneficiary designated by
the Participant as eligible to receive any unpaid benefit upon the death of the deceased Beneficiary. 

  

	 	(b)	 If any Participant fails to designate a Beneficiary, or if the Beneficiary designated by a deceased Participant
dies before the Participant, then the Trustee will pay the unpaid vested benefit of the deceased Participant to the first of the following classes of surviving beneficiaries in successive preference by class: 

 

	 	(1)	 the Participant’s surviving Spouse; 

 

	 	(2)	 the Participant’s children and issue of deceased children, in equal shares, per stirpes;

  

	 	(3)	 the Participant’s parents in equal shares, or to the surviving parent;  

 

	 	(4)	 the Participant’s estate. 

Any such designation made by the Plan Administrator in good faith as to the rights or identity of any Beneficiary will be conclusive on all
persons. The Plan Administrator and its delegates, Trustee, and the Employer will not be liable to any person on account of any error in such designation. Any payment made in accordance with this Section 12.04 will fully acquit and discharge
the Plan Administrator and its delegates, and the Employer from all future liability with respect to the benefit so distributed. 
  

	 	(c)	 Notwithstanding any contrary provisions of this Section 12.04, any benefit payable under the Plan with
respect to a Participant who is married at the time of his death will be payable only to the Participant’s surviving Spouse, if any, unless such surviving Spouse has consented in writing witnessed by a Plan

  

			
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representative or a notary public, to another designated Beneficiary. The Plan Administrator will not recognize the Spouse’s consent unless it is filed with the Plan Administrator before the
Participant’s death. In addition, the married Participant’s designation of a Beneficiary with the consent of the Participant’s Spouse must be made in accordance with subsection (a) and is subject to subsection (a) and this
subsection (c). The specified Beneficiary will not be changed unless further consent by the Spouse is given, unless the Spouse expressly waives the right to consent to any future changes. Any spousal consent will be applicable only to the particular
Spouse who provides such consent. This requirement for spousal consent may be waived by the Plan Administrator if it is established to its satisfaction that there is no Spouse, or that the Spouse cannot be located, or because of such other
circumstances as may be established by applicable law. Moreover, spousal consent will not be required for a Participant’s designation of any person as a secondary Beneficiary who is eligible for benefits upon the death of the Participant’s
Spouse. 

 12.05 Proof of Death and Right of Beneficiary or Other Person. 

The Plan Administrator may require and rely on such proof of death and such evidence of the right of any Beneficiary or other person to receive
the value of the Plan benefits of a deceased Participant as the Plan Administrator may deem proper, and its determination of death and the right of that Beneficiary or other person to receive payment will be conclusive. 

12.06 Distributions to Minors and Incompetents. 

Any distribution of benefits under the Plan that is payable to a Beneficiary who is a minor will be paid to the legally appointed custodian of
such Beneficiary. If any Participant or Beneficiary entitled to receive benefits under the Plan is, in the opinion of the Plan Administrator, unable to manage his affairs by reason of physical illness, infirmity or mental incompetency, the Plan
Administrator may direct that benefits to which the Participant or Beneficiary is otherwise entitled be distributed for the benefit of such Participant or Beneficiary to the legal representative of such Participant or Beneficiary. Any payment made
in accordance with this Section 12.05 will fully acquit and discharge the Plan, the Plan Administrator, and the Employer from all future liability with respect to the benefit so distributed. 

12.07 Missing Payees. 
 Subject to
Section 12.03(c), if a portion of an Account remains to be distributed to a Participant or Beneficiary at a time when the Plan Administrator is unable, after taking reasonable action, to locate the Participant or Beneficiary, and the
Participant or Beneficiary fails to contact the Plan Administrator within a period of time set forth in the Plan Administrator’s “Uncashed Benefit Check Administrative Policy” after being notified of his right to receive such
distribution by a letter sent to the address on file with the Plan Administrator, then such Account will be applied to reduce the amount of contributions that the applicable Employer Unit would otherwise be required to contribute to the Plan, but if
the Participant or Beneficiary later asserts a proper claim for such distribution, or if the person who would be entitled to receive such distribution upon the death of such Participant or Beneficiary establishes that such Participant or Beneficiary
has died, then such account will first be restored, without any earnings adjustment, out of forfeitures for 

  

			
	The AMETEK Retirement and Savings Plan	  	Page 54

 
the Plan Year, and the Employer Unit will contribute any additional amount necessary to restore such Account. 

12.08 Recovery of Overpayment. 
 If any
person receives a payment from the Plan in excess of the amount to which he is entitled under the terms of the Plan, the person is obligated to return such payment to the Plan, and the Plan may bring an action to recover such payment. In addition,
the Plan may recover the amount overpaid from any future payments to the person. 

  

			
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 ARTICLE 13. DIRECT ROLLOVERS 

13.01 Direct Rollover. 
 Notwithstanding
any provision of the Plan to the contrary that would otherwise limit a Distributee’s election under this Article 13, a Distributee may elect, at the time and in the manner prescribed by the Plan Administrator, to have any portion of an Eligible
Rollover Distribution paid in a Direct Rollover. 
 13.02 Eligible Retirement Distribution. 

An Eligible Rollover Distribution is any distribution of all or any portion of the balance to the credit of the Distributee; except that such
term will not include any distribution that is: 
  

	 	(a)	 one of a series of substantially equal periodic payments (not less frequently than annually) made for the life
(or life expectancy) of the Distributee or the joint lives (or joint life expectancies) of the Distributee and the Distributee’s designated beneficiary, for a specified period of ten years or more; 

 

	 	(b)	 any distribution to the extent such distribution is required under section 401(a)(9) of the Code;

  

	 	(c)	 a hardship withdrawal made pursuant to Section 10.02; or 

 

	 	(d)	 excluded from the definition of “eligible rollover distribution” as that term is defined in section
402(c)(4) of the Code or the applicable regulations. 

 13.03 Eligible Retirement Plan. 

An Eligible Retirement Plan is: 
  

	 	(a)	 an individual retirement account described in section 408(a) of the Code; 

 

	 	(b)	 an individual retirement annuity described in section 408(b) of the Code (other than an endowment contract);

  

	 	(c)	 a Roth individual retirement account described in section 408A(b) of the Code; 

 

	 	(d)	 an annuity plan described in section 403(a) of the Code; 

 

	 	(e)	 an annuity contract described in section 403(b) of the Code; 

 

	 	(f)	 a qualified trust described in section 401(a) of the Code; or 

 

	 	(g)	 an eligible plan under section 457 of the Code that is maintained by a state, political subdivision of a state,
or any agency or instrumentality of a state or political subdivision of a state that agrees to separately account for amounts transferred into such plan from the Plan, 

that accepts the Distributee’s eligible rollover distribution; provided however, that: 

  

			
	The AMETEK Retirement and Savings Plan	  	Page 56

	 	(h)	 with respect to a distribution (or portion of a distribution) consisting of
after-tax employee contributions, an eligible retirement plan will include only (1) an individual retirement account or annuity described in section 408(a) or (b) of the Code (not including an
endowment contract) or (2) a qualified trust described in section 401(a) of the Code or an annuity contract described in section 403(b) of the Code that provides for separate accounting for the amounts transferred, including separately
accounting for the portion of such distribution that is includible in gross income and the portion of such distribution that is not so includible; 

  

	 	(i)	 if the Distributee is a beneficiary who is not a surviving Spouse or a Spouse or former Spouse who is an
Alternate Payee, an Eligible Retirement Plan will include only an individual retirement account or annuity described in section 408(a) or (b) of the Code (not including an endowment contract); 

 

	 	(j)	 with respect to a distribution (or portion of a distribution) consisting of amounts in a Roth Contribution
Account, In-Plan Roth Conversion Account, or Roth Rollover Subaccount, an eligible retirement plan shall include only another Roth elective deferral account under an applicable retirement plan described in
section 402A(e)(1) of the Code or a Roth IRA described in section 408A, and, in either case, only to the extent such rollover is permitted under sections 402(c) and 402A of the Code. 

13.04 Distributee. 
 A Distributee means
(a) an Employee or former employee, (b) an Employee’s or former employee’s surviving Spouse, (c) an Employee’s or former employee’s Spouse or former Spouse who is an Alternate Payee, and (c) a Beneficiary.

 13.05 Direct Rollover. 
 A Direct
Rollover is a payment by the Plan to the Eligible Retirement Plan specified by the Distributee. 
 13.06 In-Plan
Roth Conversion. 
 A Distributee other than a non-Spouse Beneficiary may elect, once each
calendar quarter in the manner prescribed by the Plan Administrator, an In-Plan Roth Conversion. An In-Plan Roth Conversion can be made from the following Accounts in
which the Participant is 100% vested: Pre-Tax Contribution Account, After-Tax Contribution Account, Pre-Tax Catch-Up Subaccount, Pre-Tax Rollover Subaccount, After-Tax Rollover Subaccount, Matching Contribution Subaccount, Retirement
Contribution Subaccount, Retirement Incentive Contribution Subaccount, Discretionary Contribution Subaccount, and Profit-Sharing Subaccount. An In-Plan Roth Conversion Account will be subject to the same
restrictions on withdrawals and distributions as apply to Roth Contributions; provided, however, that no amount in an In-Plan Roth Conversion Account will be available for a hardship withdrawal under
Section 10.02, a loan under Article 11, a distribution on account of a deemed termination of employment under Section 20.07, or a qualified reservist distribution under Section 20.08, in each case, unless such amount is attributable
to an In-Plan Roth Conversion of an amount that, before such In-Plan Roth Conversion, was available for such withdrawal, loan, or

  

			
	The AMETEK Retirement and Savings Plan	  	Page 57

 
distribution. The taxable amount of the In-Plan Roth Conversion shall be includible in the Distributee’s income for the taxable year of the
Distributee in which the conversion occurs in accordance with section 402A of the Code, unless otherwise required by the Code. An In-Plan Roth Conversion will be irrevocable and irreversible and cannot be
undone or re-characterized in any manner. Spousal consent is not required in connection with any In-Plan Roth Conversion. 

  

			
	The AMETEK Retirement and Savings Plan	  	Page 58

 ARTICLE 14. ADMINISTRATION 

14.01 Committee - Authority. 
 The
Committee (the “Committee”) will be the Plan Administrator, unless the Board of Directors designates another person or entity to serve as Plan Administrator in addition to or in lieu of the Committee in accordance with Section 14.01.
The Committee will have the authority to control and manage the operation and administration of this Plan (other than the authority to manage and control the assets of the Plan), except to the extent such powers have been allocated to the Trustee or
a Plan Administrator, or allocated or delegated to any other person pursuant to the Plan or the Trust. The Committee and any other person designated pursuant to Section 14.04 will be “named fiduciaries” within the meaning of section
402 of ERISA. 
 14.02 Membership and Procedures of Committee. 
  

	 	(a)	 Appointment. The Committee will consist of at least three (3) persons, all of whom will be
appointed by the Chief Executive Officer of the Company (the “CEO”). If, at any time, there are fewer than three (3) members, the CEO will appoint one or more new members so that there are at least three (3) members. The
appointment of a Committee member will become effective on the date that the CEO states. 

  

	 	(b)	 Death, Resignation, or Removal of Member. A Committee member will cease to be such upon his death,
resignation, removal by the CEO or being declared legally incompetent. Any Committee member may resign by notice in writing mailed or delivered to the CEO and to the remaining member or members. Any one or all of the Committee members may be removed
by the CEO. 

  

	 	(c)	 Action by Committee. Any and all acts may be taken and decisions may be made by a majority of the
Committee members then acting. The Committee may make any decision or take any action at a meeting duly called and held, or by written documents signed by the minimum number of Committee members empowered to take action or make decisions at that
time. The members may delegate to each or any of their number authority to perform ministerial acts or to sign documents on behalf of the Committee, and a document so signed will be conclusively presumed to be the action of the Committee.

  

	 	(d)	 Committee Compensation. The Committee members will serve without compensation. 

14.03 Committee Powers. 
 The Committee
will have the specific powers elsewhere granted to it and will have such other powers as may be necessary in order to enable it to discharge its responsibilities with respect to this Plan, including, but not by way of limitation, the sole
discretionary authority to do the following: 
  

	 	(a)	 To interpret and construe this Plan and to determine all questions arising under this Plan, other than those
specifically reserved for determination by the Company or the Plan Administrator, and to correct any ambiguity or supply any 

  

			
	The AMETEK Retirement and Savings Plan	  	Page 59

	 	
omission or reconcile any inconsistency in this Plan in such manner and to such extent as they will deem expedient to effectuate the purposes and intent of this Plan; 

 

	 	(b)	 To determine all questions of eligibility and status and rights of Participants and others under this Plan,
either directly or on appeal. The Committee will have the exclusive discretionary authority to determine eligibility for benefits under the Plan, to construe the terms of the Plan, to make factual determinations and to determine any question that
may arise in connection with the operation or the administration of the Plan. The actions and the decisions of the Committee will be conclusive and binding upon the Employer and any and all Participants, Spouses, Beneficiaries, Alternate Payees and
their respective heirs, distributees, executors, administrators, or assignees; subject, however, to the right of Participants, Spouses, Beneficiaries, Alternate Payees and their respective heirs, distributees, executors, administrators, or
assignees to file a written claim under the claims procedure as set forth in Article 15; 

  

	 	(c)	 To authorize and make, or cause to be made, payment of all benefits and expenses that become payable under this
Plan; 

  

	 	(d)	 To adopt and to amend from time to time such by-laws and rules and
regulations as they will deem necessary for the administration of this Plan, which are not inconsistent with the terms and provisions of this Plan; 

  

	 	(e)	 To establish reasonable procedures to determine whether a domestic relations order is a Qualified Domestic
Relations Order and for payments to be made pursuant to such Order in accordance with Section 17.03; and 

  

	 	(f)	 To collect any required contributions payable under the Plan that are not timely made. 

14.04 Designation of Additional Fiduciaries. 

The Board of Directors may designate, in writing, one or more persons or entities to serve as a named fiduciary of the Plan, in addition to or
in lieu of the Committee. Such designation will describe such person’s or entity’s fiduciary responsibilities. 
 14.05 Allocation of Duties.

 The Committee and the Plan Administrator may further allocate their fiduciary responsibilities with respect to this Plan among
themselves pursuant to section 405(c)(1)(A) of ERISA, and may designate one or more other persons, firms or corporations to carry out such fiduciary responsibilities under this Plan pursuant to section 405(c)(1)(B) of ERISA. Any allocation or
designation pursuant to this Section 14.05 will be in writing. 
 14.06 Employment of Agents. 

The Committee or other appropriate fiduciary may enlist the services of such agents, representatives and advisers as they may deem advisable to
assist them in the 

  

			
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performance of their duties under this Plan, including, but not by way of limitation, custodial agents for the Trust Fund and attorneys and accountants. 

14.07 Expenses. 
 Reasonable expenses
incident to the operation of the Plan, including fees for professional services and the costs of such other technical or clerical assistance as may be required, including reasonable fees and expenses of custodial agents, attorneys, accountants and
other advisers, will be paid from the Trust Fund. The Company may, in its discretion, initially pay any expense that normally would be charged to the Trust Fund and later obtain reimbursement from the Trust Fund, including years after the costs were
incurred. Reimbursement is available even where, at the time of the Company’s initial payment of the expense, it is not clear that the Company may lawfully seek reimbursement from the Trust Fund, but the Company’s legal right to
reimbursement is later clarified. 
 14.08 Liability for Contributions. 

The Committee will not be responsible for the determination or collection of any contributions that may be or become payable under this Plan.

 14.09 Participation of Committee Members and Other Fiduciaries. 

Nothing contained in this Plan will preclude a Committee member or other fiduciary from becoming a Participant in this Plan, if he be otherwise
eligible, but he will not be entitled to vote or to act upon or to sign any document relating primarily to his own participation in this Plan. 
 14.10
Books and Records. 
 The Committee and other appropriate fiduciary will maintain appropriate records of all actions taken. The Committee
and the Plan Administrator will submit, make available or deliver on request to governmental agencies or instrumentalities, the Company and other Employer Units, Participants, Beneficiaries and other persons entitled thereto, such reports,
documents or records as may be required by law, or as they may otherwise deem appropriate. The Company may, at any time, inspect the records of the Committee and the Plan Administrator. 

14.11 Indemnification. 
 To the extent
permitted by law, the Company will indemnify and save each Committee member, each former Committee member, the Plan Administrator and each former Plan Administrator if, while serving as such, he is or was an Employee (each such person being an
“Indemnitee”), and their respective heirs and legal representatives, harmless from and against any loss, cost or expense including reasonable attorney’s fees (collectively, “liability”) that any such person may incur
individually, jointly, or jointly and severally, arising out of or in connection with the administration of this Plan, including, without limitation of the foregoing, any liability that may arise out of or in connection with the management and
control of the Trust Fund, unless such liability is determined to be due to willful breach of the Indemnitee’s responsibilities under this Plan, under ERISA, or other applicable law. 

  

			
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 ARTICLE 15. CLAIMS PROCEDURE 

15.01 Claim. 
 Any person or entity
claiming a benefit, requesting an interpretation or ruling under the Plan (a “Claimant”), or requesting information under the Plan may present the request in writing to the Plan Administrator. The Plan Administrator will respond in writing
within ninety (90) days after receipt of the claim, provided that the Plan Administrator may extend this period for an additional ninety (90) days by providing written notice of the extension to the Claimant within the original 90-day period. Such notice will indicate the circumstances requiring the extension and the date by which the Plan Administrator expects to make a determination of the claim. 

15.02 Denial of Claim. 
 If the claim or
request is denied, the written notice of denial will state: 
  

	 	(a)	 the reasons for denial, with specific reference to the Plan provisions on which the denial is based;

  

	 	(b)	 a description of any additional material or information required for the Claimant to perfect the claim and an
explanation of why the material or information is necessary; and 

  

	 	(c)	 an explanation of the Plan’s claim review procedure, including a statement of the Claimant’s right to
bring a civil action under section 502(a) of ERISA if the claim denial is denied (in whole or in part) on appeal. 

Whether a document, record or other information is relevant for purposes of this Section 15.02 will be determined by the Plan
Administrator in its sole discretion in accordance with 29 C.F.R. § 2560.503-1(m)(8). 
 15.03 Review
of Claim. 
 Any Claimant whose claim or request is denied or who has not received a response within the time limits set forth above may
request a review by notice given in writing to the Plan Administrator. Such request must be made within sixty (60) days after receipt by the Claimant of the written notice of denial, or, in the event Claimant has not received a timely response,
within 60 days after the date the Plan Administrator was required to respond to the claim under Section 15.01. The claim or request will be reviewed by the Plan Administrator which may, but will not be required to, grant the Claimant a hearing.
On review, the claimant may have representation, examine documents determined by the Plan Administrator in its sole discretion to be relevant to the Claimant’s claim for benefits, and submit documents, records, and comments in writing. 

15.04 Final Decision. 
 The decision on
review will normally be made within sixty (60) days after the Plan Administrator’s receipt of Claimant’s claim or request; provided that, under special circumstances, including for a hearing, the Plan Administrator may extend this
period for an additional sixty (60) days by providing written notice of the extension to the Claimant 

  

			
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within the original 60-day period. Such notice will indicate the circumstances requiring the extension and the date by which the Plan Administrator expects
to make a determination on review. If the Plan Administrator extends the period for making a decision, the tolling rule set forth in 29 C.F.R. § 2560.503-1(i)(4) will apply to the extent applicable.

 If the claim or request is denied on final review, the notice of denial will state the following: 

 

	 	(a)	 the reasons for denial, with specific reference to the Plan provisions on which the denial is based;

  

	 	(b)	 a statement concerning the Claimant’s right to receive, upon request and free of charge, reasonable access
to and copies of all documents, records and other information relevant to the claim; 

  

	 	(c)	 a description of any voluntary appeals procedures offered by the Plan; and 

 

	 	(d)	 a statement of the Claimant’s right to bring a civil action under section 502(a) of ERISA.

 Whether a document, record or other information is relevant for purposes of this Section 15.04 will be determined
by the Plan Administrator in its sole discretion in accordance with 29 C.F.R. § 2560.503-1(m)(8). 

15.05 Litigation. 
 An “Applicable
Claim” as described below in subsection (c) may not be filed in any court: 
  

	 	(a)	 until the Claimant has exhausted the claims procedures described in Sections 15.01 through 15.04; and

  

	 	(b)	 unless such claim or action is filed in a court with jurisdiction over such claim or action no later than two
years after: 

  

	 	(1)	 in the case of a claim or action to recover benefits allegedly due to the Claimant under the terms of the Plan
or to clarify the Claimant’s rights to future benefits under the terms of the Plan, the earliest of (a) the date the first benefit payment was actually made, (b) the date the first benefit payment was allegedly due, or (c) the
date the Plan first repudiated its alleged obligation to provide such benefits (regardless of whether such repudiation occurred during administrative review pursuant to Sections 15.01 through 15.04); 

 

	 	(2)	 in the case of a claim or action to enforce an alleged right under the Plan (other than a right to benefits,
which are subject to subsection (b)(1)), the date the Plan first denied the claimant’s request to exercise such right, regardless of whether such denial occurred during administrative review pursuant to Sections 15.01 through 15.04;

  

			
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	 	(3)	 in the case of any other claim or action described in subsection (c)(4), the earliest date on which the
claimant knew or should have known of the material facts on which such claim or action is based, regardless of whether the claimant was aware of the legal theory underlying the claim or action, 

provided that if a request for administrative review pursuant to Sections 15.01 through 15.04 is pending before the Plan Administrator when the
two-year period described in this subsection (b) expires, the deadline for filing such claim or action in a court with proper jurisdiction will be extended to the date that is 60 calendar days after the
final denial (including a deemed denial) of the claim on administrative review. 
 The period described by this subsection (b) is
hereafter referred to as the “Applicable Limitations Period.” The Applicable Limitations Period replaces and supersedes any limitations period ending at a later time that otherwise might be deemed applicable under state or federal law in
the absence of this Section 15.05. Except as provided in the following two sentences, a claim or action filed after the expiration of the Applicable Limitations Period will be deemed time-barred. The Plan Administrator will have discretion to
extend the Applicable Limitations Period upon a showing of exceptional circumstances that, in the opinion of the Plan Administrator, provide good cause for an extension. The exercise of this discretion is committed solely to the Plan Administrator,
and is not subject to review. Notwithstanding the foregoing, neither this subsection (b) nor the Applicable Limitations Period will apply to a claim governed by section 413 of ERISA. 

 

	 	(c)	 For purposes of this Section 15.05, an Applicable Claim is: 

 

	 	(1)	 a claim or action to recover benefits allegedly due under the provisions of the Plan or by reason of any law;

  

	 	(2)	 a claim or action to clarify rights to future benefits under the terms of the Plan; 

 

	 	(3)	 a claim or action to enforce rights under the Plan; or 

 

	 	(4)	 any other claim or action that: 

 

	 	(A)	 relates to the Plan, and 

 

	 	(B)	 seeks a remedy, ruling, or judgment of any kind against the Plan, the Plan Administrator, or other fiduciary
(within the meaning of section 3(21) of ERISA), or a party in interest (within the meaning of section 3(14) of ERISA) with respect to the Plan. 

  

	 	(d)	 In the event of any Applicable Claim brought by or on behalf of two or more Claimants, this Section 15.05,
including the Applicable Limitations Period, will apply separately with respect to each Claimant. 

  

			
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 15.06 Class Action Forum Selection. 

 

	 	(a)	 To the fullest extent permitted by law, any putative class action lawsuit brought in whole or in part under
section 502 of ERISA (or any successor provision) and relating to the Plan, the administration of the Plan, management or investment or handling of Plan assets, the Trust, or the performance or non-performance
of Plan fiduciaries or administrators must be filed in one of the following jurisdictions: 

  

	 	(1)	 the jurisdiction in which the Plan is principally administered; or 

 

	 	(2)	 the jurisdiction in which the largest number of putative class members resides as determined by the Plan
Administrator based on records maintained by the Plan Administrator (or if that jurisdiction cannot be determined, the jurisdiction in which the largest number of class members is reasonably believed to reside). 

 

	 	(b)	 If any putative class action within the scope of subsection (a) is filed in a jurisdiction other than one
of those described in subsection (a), or if any non-class action filed in such a jurisdiction is subsequently amended or altered to include class action allegations, then the Plan, any Plan affiliates, and all
alleged Plan participants must take all steps necessary to have the action removed to, transferred to, or re-filed in a jurisdiction described in subsection (a). Such steps may include, but are not limited to:

  

	 	(1)	 a joint motion to transfer the action; or 

 

	 	(2)	 a joint motion to dismiss the action without prejudice to its re-filing
in a jurisdiction described in subsection (a), with any applicable time limits or statutes of limitations applied as if the suit or class action allegation had originally been filed or asserted in a jurisdiction in subsection (a) at the same
time that it was filed or asserted in a jurisdiction not described therein. 

  

	 	(c)	 This forum selection provision is waived if no party invokes it within 120 days of filing a putative class
action or the assertion of class action allegations. 

  

	 	(d)	 This Section 15.06 does not relieve the Plan or any putative class member of any obligation existing under
the Plan or by law to exhaust administrative remedies before initiating litigation or to comply with the limitations of actions provision set forth in Section 15.05. 

  

			
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 ARTICLE 16. MANAGEMENT OF FUNDS 

16.01 Trust Agreement. 
 A Trust Fund
currently known as the AMETEK Retirement and Savings Trust (the “Trust” or the “Trust Fund”) has been established by the execution of trust agreements with one or more Trustees and is maintained for the purposes of this Plan.
Each Employer Unit will make contributions under this Plan to the Trust for purposes of providing benefits under the Plan. 
 16.02 Designation of
Trustee. 
 There will be one or more trustees, either corporate or individual, in each case appointed and subject to removal by the
Company. In case of death, incapacity, resignation or removal of any Trustee, a successor will be appointed by the Company. 
 16.03 Exclusive Benefit
Rule. 
 Except as otherwise provided in the Plan, no part of the corpus or income of the funds of the Plan will be used for, or diverted
to, purposes other than for the exclusive benefit of Participants and other persons entitled to benefits under the Plan before satisfaction of all liabilities with respect to them. No person will have any interest in or right to any part of the
earnings of the funds of the Plan, or any right in, or to, any part of the assets held under the Plan, except as and to the extent expressly provided in the Plan. 

16.04 Appointing Investment Managers. 

The Plan Administrator may, from time to time, appoint one or more investment managers (within the meaning of section 3(38) of ERISA) to
manage, invest and reinvest the Trust Fund, or such part or parts of the Trust Fund as is specified in such appointment. Any appointment made pursuant to this Section 16.04 may be revoked or modified by the Plan Administrator at any time and a
new appointment made. 
 16.05 No Guarantee. 

The Employer, the Plan Administrator, and the Trustee do not guarantee the Participants or their Beneficiaries against loss or depreciation or
fluctuation of the value of the assets of the Trust Fund. 

  

			
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 ARTICLE 17. ASSIGNMENTS OR LIENS 

17.01 No Alienation. 
 Except as provided
in Section 17.03 or permitted by section 401(a)(13)(C) of the Code, no right, benefit or interest of any Participant or Beneficiary under the Plan may be made subject in any manner to anticipation, alienation, sale, transfer, assignment,
pledge, encumbrance or charge, and any attempt or arrangement on the part of any person so to do will be void. 
 17.02 No Liability for Obligation.

 Except as provided in Section 17.03 or permitted by section 401(a)(13)(C) of the Code, no right, benefit, or interest will in any
way be subject to or liable for the debts, contracts, commitments, obligations, liabilities or torts of any Participant or Beneficiary under the Plan or subject to attachment, execution, garnishment, sequestration, seizure or legal, equitable, or
other process for or against such person and any attempt or arrangement on the part of any person so to do will be void. 
 17.03 Qualified Domestic
Relations Orders. 
 Notwithstanding the provisions of Sections 17.01 or 17.02, the Plan Administrator will direct the Trustee to honor
and comply with the provisions of a domestic relations order which the Plan Administrator determines to constitute a Qualified Domestic Relations Order, as defined in section 414(p) of the Code. Nothing contained in this Plan prevents the Trustee,
in accordance with the direction of the Plan Administrator, from complying with the provisions of a Qualified Domestic Relations Order (as defined in section 414(p) of the Code). The Plan Administrator will establish procedures to determine the
status of a judgment, decree or order as a Qualified Domestic Relations Order and to administer Plan distributions in accordance with Qualified Domestic Relations Orders. Notwithstanding anything to the contrary in Section 14.07, reasonable
expenses incurred by the Plan Administrator to determine whether a domestic relations order is a Qualified Domestic Relations Order may be paid from the Accounts of the Participant to whom such Order relates. Any payment made by the Plan
Administrator pursuant to a Qualified Domestic Relations Order will reduce, by a like amount, the amount otherwise payable under the Plan to the Participant to whom such Order relates or his Beneficiary, as the case may be. 

17.04 Distributions Under Qualified Domestic Relations Orders. 

This Plan specifically permits distribution to an Alternate Payee under a Qualified Domestic Relations Order at any time, irrespective of
whether the Participant has attained his earliest retirement age (as defined under Code section 414(p)) under the Plan. A distribution to an Alternate Payee before the Participant’s attainment of earliest retirement age is available only if:
(1) the Qualified Domestic Relations Order specifies distribution at that time or permits an agreement between the Plan and the Alternate Payee to authorize an earlier distribution; and (2) if the present value of the Alternate
Payee’s benefits under the Plan exceeds $5,000 and the Qualified Domestic Relations Order requires, the Alternate Payee consents to any distribution occurring before the Participant’s attainment of earliest retirement age. Nothing in this
Section 17.04 permits a Participant a right to receive distribution at a time otherwise not permitted under the 

  

			
	The AMETEK Retirement and Savings Plan	  	Page 67

 
Plan nor does it permit the Alternate Payee to receive a form of payment not permitted under the Plan. 

  

			
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 ARTICLE 18. AMENDMENT, MERGER OR TERMINATION 

18.01 Amendment of Plan. 
 The Board of
Directors, at a meeting or by unanimous written consent, may amend, terminate or suspend this Plan at any time or from time to time by an instrument in writing duly executed in the name of the Company and delivered to the Committee; provided,
however, that: 
  

	 	(a)	 No amendment will provide for the use of the assets of this Plan or any part thereof other than for the
exclusive benefit of Participants and Beneficiaries; 

  

	 	(b)	 The Committee may amend the Plan, without action or approval by the Board of Directors, to modify the maximum
percentage of Compensation that may be deferred by Highly Compensated Employees; 

  

	 	(c)	 No amendment will deprive any Participant or Beneficiary of any of the benefits that are vested in him or to
which he is entitled under this Plan by reason of the prior Years of Service, death, Disability or termination of employment of such Participant; 

  

	 	(d)	 If the Internal Revenue Service requires that one or more amendments be adopted to the Plan as a condition of
receiving a favorable determination letter, and the representative of the Company with respect to the application for the determination letter agrees in writing to the adoption of such amendments, such amendments will, upon the issuance of the
requested determination letter, be deemed to have been adopted, automatically and without further action by the representative, the Company, or the Board of Directors, effective as of the date or dates specified in such amendments; and

  

	 	(e)	 This Plan may be amended at any time and from time to time in any respect so as to qualify this Plan pursuant
to section 401(a) of the Code and to comply with the provisions of ERISA, regardless of whether any such amendment may change, alter or amend the relative benefits under this Plan of any Participant or Beneficiary. 

18.02 Termination of Plan. 
 The Company
will have the right, in its sole discretion, at any time, to suspend or discontinue its contributions under the Plan, and to terminate at any time, in whole or in part, this Plan and the Trust. To the extent practicable, a termination will be
effected by resolution of the Board of Directors and written notice thereof will be given by an instrument in writing executed by the Company and filed with the Trustee and Committee. The Plan will also be considered terminated as of the date that
the Company is dissolved or liquidated or disposes of substantially all of its assets without providing for any successor person, firm or corporation to continue the Plan. 

Whether a partial termination has occurred depends on all the relevant facts and circumstances, as determined by the Commissioner of the
Internal Revenue Service. No Participant will have any right to be vested under Section 18.03(a) on account of a partial termination unless and until the Commissioner makes such a determination. 

  

			
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 18.03 Vesting and Distribution of Assets on Plan Termination or Complete Discontinuance of Contributions.

  

	 	(a)	 Vesting. 

Upon complete or partial termination of this Plan, or complete discontinuance of contributions to this Plan, a Participant who is affected by
the complete or partial termination or discontinuance will be vested in the balance of his Accounts, determined as of the date of complete or partial termination or the discontinuance. 

 

	 	(b)	 Distribution. 

Upon complete or partial termination of this Plan, or complete discontinuance of contributions to this Plan, the value of each affected
Participant’s account will be distributed in accordance with this subsection (b) to the extent consistent with applicable law. Except as otherwise provided by ERISA, there will first be set aside amounts due to Participants who have
terminated employment and who were not previously paid pursuant to the provisions of Article 12, and the amount to which any such Participant is entitled will be paid to him or his duly designated Beneficiary, as the case may be. The proportionate
interest of each other Participant in the remaining assets of the Trust Fund will then be determined in accordance with Article 7 except that the value of such proportionate interest will be determined as of the date of termination of this Plan.
There will be paid to each Participant or his duly designated Beneficiary, as the case may be, the benefit thus determined pursuant to this Section 18.03, plus his proportionate share of any earnings thereon, or less his proportionate
share of any losses thereon, if applicable. Provision for the payment of benefits pursuant to this Section 18.03 may be made at the direction of the Company, by continuing the Trust Fund in existence and making provision therefrom for benefit
distributions in accordance with the terms of this Plan, by immediate and full distribution from the Trust Fund of Participants’ Accounts, or by any combination thereof. Notwithstanding the foregoing provisions of this Section 18.03,
following the termination of the Plan, a distribution of a Participant’s Pre-Tax Contribution Account, Roth Contribution Account, or Catch-Up Contribution Account
will not occur if the Employer establishes or maintains a successor plan (as defined under section 401(k) of the Code and the corresponding Treasury regulations). 

18.04 Merger or Consolidation. 
 Pursuant
to action of the Board of Directors: 
  

	 	(a)	 the Plan may be merged or consolidated with, or a portion of its assets and liabilities may be transferred to,
another plan meeting the requirements of section 401(a) of the Code or any successor provision of law, or 

  

	 	(b)	 a portion of the assets and liabilities of another such plan may be transferred to the Plan,

 provided such merger, consolidation or transfer is accompanied by a transfer of such existing records and information as
may be necessary to properly allocate such assets among Participants and to provide any tax or other necessary information to the persons administering the Plan or receiving the assets, and further provided that each Participant or Beneficiary will
be entitled to receive a benefit immediately after such merger, 

  

			
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consolidation or transfer (if this Plan or such other plan were then terminated) which is at least equal to the benefit the Participant or Beneficiary would have been entitled to receive
immediately before such merger, consolidation or transfer (if this Plan or such other plan had been terminated). 

  

			
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 ARTICLE 19. TOP-HEAVY PROVISIONS 

19.01 Priority Over Other Plan Provisions. 

For any Plan Year for which this Plan is a Top-Heavy Plan, as defined below, the provisions of this
Article 19 will apply and control over any contrary provisions of the Plan. 
 19.02 Definitions Used in this Article. 

For purposes of this Article 19, the following definitions will apply unless the context clearly indicates otherwise: 

 

	 	(a)	 Determination Date. “Determination Date” means the last day of the preceding
Plan Year. 

  

	 	(b)	 Employer. “Employer” means any Employer and any Affiliate, each as defined in
Article 2. 

  

	 	(c)	 Employer Plan. Employer Plan means a stock bonus, pension, or profit-sharing plan intended
to qualify under section 401(a) of the Code, whether or not terminated, of the Employer. 

  

	 	(d)	 Five Percent Owner. Five Percent Owner means: 

 

	 	(1)	 if the Employer is a corporation, any person who owns (or is considered as owning within the meaning of section
318) more than five percent of the outstanding stock of the corporation or stock possessing more than five percent of the total combined voting power of all stock of the corporation; or 

 

	 	(2)	 if the employer is not a corporation, any person who owns more than five percent of the capital or profits
interest in the Employer. 

 For purposes of this subsection (d), no Employer will not be treated as a single employer, and
a person’s ownership interest in each Employer will not be aggregated. 
  

	 	(e)	 Key Employee. “Key Employee” means any employee who at any time during the Plan
Year ending with the Determination Date is: 

  

	 	(1)	 an Officer whose Total Compensation exceeds the dollar amount under section 416(i)(1)(A)(i) of the Code;

  

	 	(2)	 a Five Percent Owner; 

 

	 	(3)	 a One Percent Owner whose Total Compensation exceeds $150,000; or 

 

	 	(4)	 the Beneficiary of any individual described in the foregoing clauses of this subsection (e).

  

			
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	 	(f)	 Non-Key Employee.
“Non-Key Employee” means, for any Plan Year, an individual who was employed as an Employee at any time during the Plan Year and who is not a Key Employee. A
“Non-Key Employee” also includes and Employee who is a former Key Employee. 

  

	 	(g)	 Officer. “Officer” means an individual who is an “officer” within the
meaning of section 416(i)(1) of the Code and any regulations prescribed thereunder. No more than 50 employees of the Employer (or, if lesser, the greater of 3 or 10 percent of the employees) will be treated as officers in any given Plan Year.
If the number of employees who could be treated as Officers exceeds the limits set forth in this subsection (g), then the employees having the highest annual Total Compensation among all potential Officers, during the Plan Year ending with the
Determination Date and the four preceding Plan Years, will be considered Officers. 

  

	 	(h)	 One Percent Owner. “One Percent Owner” has the same meaning as Five Percent
Owner except that One Percent is substituted for Five Percent wherever that term appears in subsection (c). 

  

	 	(i)	 Permissive Aggregation Group. “Permissive Aggregation Group” means a group of
Employer Plans comprising each Employer Plan that is included in the Required Aggregation Group and each other Employer Plan selected by the Company for inclusion in the Permissive Aggregation group that would not, by its inclusion, prevent the
group of Employer Plans included in the Permissive Aggregation Group from continuing to meet the nondiscrimination requirements of section 401(a)(4) of the Code and the participation requirements of section 410 of the Code. 

 

	 	(j)	 Required Aggregation Group. “Required Aggregation Group” means one or more
Employer Pans including each Employer Plan in which a Key Employee is a participant and each other Employer Plan that enables any Employer Plan in which a Key Employee participants to meet the nondiscrimination requirements of section 410(a)(4) of
the Code or the participation requirements of section 410 of the Code. 

  

	 	(k)	 Top-Heavy Plan. The Plan will be considered a “Top-Heavy Plan” for any Plan Year, if, as of the Determination Date: 

  

	 	(1)	 the Plan is not part of a Permissive Aggregation Group or a Required Aggregation Group and the aggregate
present value of the Accounts of Participants who are Key Employees exceeds sixty percent (60%) of the aggregate present value of the Accounts under the Plan for all Participants; or 

 

	 	(2)	 the Plan is part of a Required Aggregation Group and the sum of the present values of accrued benefits for Key
Employees under all Employer Plans included in such Required Aggregation Group exceeds sixty percent (60%) of the sum of the present value of accrued benefits of all participants of all plans within the Required Aggregation Group.

  

			
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 The Plan will not be considered a Top-Heavy Plan for
any Plan Year in which the Plan is part of a Required Aggregation Group or Permissive Aggregation Group which is not top-heavy. 

The present value of accounts and of accrued benefits will be calculated in accordance with section 416(g) of the Code and will include
(A) the distributions made with respect to the employee under the Plan and any plan aggregated with the Plan during the applicable period ending on the Determination Date; (B) any distributions made with respect to the employee during the
applicable period ending on the Determination Date under a terminated plan which, had it not been terminated, would have been aggregated with the Plan in a Required Aggregation Group. For purposes of (A) and (B), the “applicable
period” will mean the one-year period ending on the Determination Date unless the distribution is an in-service distribution or otherwise made for reasons other
than severance from employment, death, or disability. 
 The accrued benefits and accounts of any individual who has not performed services
for the Employer during the 1-year period ending on the determination date will not be taken into account for purposes of this subsection (k). 

 

	 	(l)	 Total Compensation. “Total Compensation” means “compensation” as
defined in Section 6.02(c)(2). 

 19.03 Minimum Allocation. 

For each Plan Year during which the Plan is a Top Heavy Plan, for each Non-Key Employee who has
satisfied the eligibility requirements of Section 3.01 and who has not separated from service as of the last day of the Plan Year, 
  

	 	(a)	 the Employer contributions the Employer otherwise would have made under the Plan for such Plan Year (determined
without regard to compensation in excess of Total Compensation), or, if greater, 

  

	 	(b)	 contributions for such Plan Year that, when added to the contributions made by the Employer for such Non-Key Employee (and any forfeitures allocated to the accounts of such Non-Key Employee) for such Plan Year under all other defined contribution plans of the Employer,

 will equal not less than the lesser of: 
  

	 	(c)	 three percent (3%) of Total Compensation; or 

 

	 	(d)	 the highest percentage of Total Compensation at which Employer contributions plus forfeitures are allocated (or
required to be allocated) for the Plan Year to the accounts of any Key Employee; provided that the provisions of this paragraph (d) will not apply if the Plan is in the Required Aggregation Group and enables a defined benefit plan in the
Required Aggregation Group to meet the requirements of section 401(a)(4) or section 410 of the Code. For purposes of this paragraph (d), all defined contribution plans in the Required Aggregation Group will be treated as one plan.

  

			
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 For purposes of this Section 19.03, 

 

	 	(1)	 the minimum contribution allocated to Non-Key Employees for the Plan
Year will be determined without regard to elective deferrals; 

  

	 	(2)	 the highest percentage of Total Compensation contributed by the Employer on behalf of any Key Employee under
paragraph (d) for the Plan Year will be determined by including elective deferrals; and 

  

	 	(3)	 employer matching contributions will be taken into account. 

Notwithstanding anything to the contrary in this Section 19.03, a minimum allocation will not be made on behalf of a Non-Key Employee under this Plan in the event the Participant is covered by another plan of an Employer and the minimum allocation or benefit requirement as set forth in section 416 of the Code and regulations
thereunder is satisfied by such other plan of the Company. 
 19.04 Coordination with Defined Benefit Plan. 

If a Non-Key Employee who is entitled to receive a contribution under Section 19.03 is also
entitled to receive a minimum benefit pursuant to section 416 of the Code under a defined benefit pension plan maintained by an Employer, and the Non-Key Employee does not accrue a benefit under such defined
benefit pension plan that, together with the Non-Key Employee’s minimum contribution provided under Section 19.03 hereof, satisfies the requirements of section 416 of the Code, the amount of Matching
Contributions allocated to the Matching Contribution Account of such Non-Key Employee will equal the lesser of: 
  

	 	(a)	 5 percent (5%) of the Non-Key Employee’s Total Compensation
for the Plan Year; or 

  

	 	(b)	 the percentage necessary in order that the Non-Key Employee receive the
minimum combined benefits under this Plan and such defined benefit pension plan to which he is entitled under section 416 of the Code. 

  

			
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 ARTICLE 20. SPECIAL RULES FOR MILITARY SERVICE 

20.01 In General. 
 Notwithstanding any
other provision of the Plan, contributions, benefits, and service credit with respect to qualified military service will be provided in accordance with section 414(u) of the Code (excluding section 414(u)(9) of the Code). The Plan Administrator may
reasonably request that an Employee demonstrate that he has engaged in qualified military service within the meaning of section 414(u) of the Code. 

20.02 Reemployment Following a Period of Qualified Military Service. 
  

	 	(a)	 Reemployment Following a Period of Qualified Military Service. Notwithstanding any provision of this
Plan to the contrary all contributions with respect to periods of qualified military service will be provided in a manner consistent section 414(u) of the Code (excluding section 414(u)(9)) if a Participant is treated as reemployed by the Employer
under chapter 43 of title 38, United States Code, following a period of qualified military service, as follows: 

  

	 	(1)	 Pre-Tax, Roth, and Catch-up
Contributions. A Participant who is treated as reemployed under chapter 43 of title 38, United States Code, following a period of qualified military service will be permitted to contribute additional
Pre-Tax, Roth, After-Tax, and Catch-up Contributions under the Plan in an amount up to the maximum amount of Pre-Tax, Roth, After-Tax, and Catch-up Contributions that the Participant would have been permitted to make under the Plan during the
period of qualified military service if the Participant had continued to be employed during such period and received Compensation equal to the Compensation the Participant would have received during such period if the Participant were not in
qualified military service, or if such rate is not reasonably certain, the Participant’s average rate of Compensation during the 12-month period immediately preceding the qualified military service (or,
if shorter, the period of the Participant’s employment as an Employee immediately preceding such period. The maximum amount of Pre-Tax, Roth, After-Tax, and Catch-Up Contributions so determined will be reduced by the amount of any Pre-Tax, Roth, After-Tax, or
Catch-Up Contributions actually made by the Participant during his period of absence due to qualified military service. The additional Pre-Tax, Roth, After-Tax, or Catch-Up Contributions must be made within five (5) years (or, if less, three (3) times the length of the Participant’s most recent period of
qualified military service) after his reemployment and while the Participant is an Employee. 

  

	 	(2)	 Matching Contributions and Retirement Incentive Contributions. The applicable Employer Unit will
contribute Matching Contributions and any Retirement Incentive Contributions that would have been attributable to Pre-Tax Contributions or Roth Contributions made pursuant to paragraph (1) if the
Participant had elected to make such contributions during the period of qualified military service. 

  

			
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	 	(3)	 Retirement Contributions. The applicable Employer Unit will contribute to the Plan, on behalf of each
Participant who is treated as reemployed under chapter 43 of title 38, United States Code, following a period of qualified military service, an amount equal to the Retirement Contributions or Profit-Sharing Contributions, if any, that would have
been required under Section 5.02 had such Participant continued to be employed and received Compensation during the period of qualified military service. 

 

	 	(b)	 Contributions made pursuant to subsection (a): 

 

	 	(1)	 will not be taken into account for purposes of the limit described in Section 6.01(a) and the otherwise
applicable limitations under Section 6.02 for the taxable year or limitation year in which the contributions are made; rather such contributions will be taken into account for purposes of such limitations for the year to which the contributions
relate; and 

  

	 	(2)	 will not be taken into account for purposes of the limitations described in Section 6.03 for any year.

 20.03 Service Credit. 

If Section 20.02(a) applies to a Participant, the Participant’s period of absence due to qualified military service will be included
in the determination of his Hours of Service and the Participant will not incur a Separation of Service Date by reason of his qualified military service. 

20.04 Loan Repayments. 
 As provided in
Section 11.05(g)(3), loan repayments will be suspended under this Plan as permitted under section 414(u)(4) of the Code. 
 20.05 Survivor Benefits.

 In accordance with section 401(a)(37) of the Code, the survivors of a Participant who dies while performing qualified military service
(within the meaning of section 414(u) of the Code) will be eligible for any additional benefits (other than additional benefit accruals related to the period of qualified military service) that would have been provided under the Plan if the
Participant had resumed employment and immediately thereafter terminated employment due to death. 
 20.06 Treatment of Differential Wage Payments.

 To the extent required by section 414(u)(12) and guidance issued thereunder, an individual receiving differential wage payments
(within the meaning of section 3401(h)(2) of the Code) from the Employer will be treated as an employee and the differential wage payments will be treated as compensation. 

  

			
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 20.07 Termination of Employment. 

For purposes of Article 12, a termination of employment will be deemed to occur to the extent permitted by section 414(u)(12)(B) of the Code
(concerning individuals performing service in the uniformed services described in Code section 3401(h)(2)(A)), provided that if a Participant elects a distribution of all or part of his Pre-Tax Contribution
Account, Roth Contribution Account, After-Tax Contribution Account, or Catch-Up Contribution Account pursuant to section 414(u)(12)(B) of the Code, the Participant will
be prohibited from making Pre-Tax Contributions, Roth Contributions, After-Tax Contributions, or Catch-Up Contributions under
this Plan during the six-month period beginning on the date of the distribution to the extent required by Code section 414(u)(12)(B)(ii). 

20.08 Qualified Reservist Distribution. 

A Participant may withdraw all or part of his Pre-Tax Contribution Account, Pre-Tax Catch-Up Subaccount, Roth Contribution Account, and Roth Catch-Up Subaccount in accordance with section 72(t)(2)(G) of the Code
if: (a) the Participant was (by reason of being a member of a reserve component (as defined in section 101 of title 37, United States Code)) ordered or called to active duty after September 11, 2001 for a period in excess of 179 days or
for an indefinite period, and (b) the withdrawal is made on or after September 4, 2018, during the period beginning on the date of such order or call and ending at the close of the active duty period. 

  

			
	The AMETEK Retirement and Savings Plan	  	Page 78

 ARTICLE 21. MISCELLANEOUS 

21.01 Not a Contract of Employment. 
 This
Plan will not constitute a contract of employment between Company and the Participant. Nothing in this Plan will give a Participant the right to be retained in the service of Company or to interfere with the right of the Company to discipline or
discharge a Participant at any time. 
 21.02 Electronic Transmission of Notices and Elections. 

Any notice required to be distributed to or any elections or directions permitted under Article 4 or Article 8 by Participants, Beneficiaries
and Alternate Payees pursuant to the terms of the Plan may, at the direction of the Plan Administrator, be transmitted electronically or telephonically to the extent permitted by, and in accordance with any procedures set forth in, applicable law
and regulations. 
 21.03 Governing Law. 

The Plan will be construed and enforced in accordance with applicable federal law and, to the extent not preempted by federal law, the laws of
the Commonwealth of Pennsylvania (without regard to the legislative or judicial conflict of laws rules of any state or other jurisdiction). 
 21.04
Severability. 
 If any provision of this Plan is held unenforceable, the remainder of the Plan will continue in full force and effect
without regard to such unenforceable provision and will be applied as though the unenforceable provision were not contained in the Plan. 
 21.05
Headings. 
 Headings are inserted in this Plan for convenience of reference only and are to be ignored in the construction of the
provisions of the Plan. 
 *    *    * 

IN WITNESS WHEREOF, and as evidence of the adoption of this amended and restated Plan by the Company, AMETEK, Inc. has executed the same this
27 day of August, 2018. 
  

			
	 AMETEK, Inc.

		
	 By:
	 	 /s/ HENRY J.
POLICARE

		 	Henry J. Policare
		 	Director, Global Benefits & M&A – HR

  

			
	The AMETEK Retirement and Savings Plan	  	Page 79

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