Document:

EX-10.1: RESOLUTION OF THE COMPENSATION COMMITTEE

 

Exhibit 10.1

ROCKWELL INTERNATIONAL CORPORATION

Resolution of the Compensation and Management Development Committee

of the Board of Directors adopted on December 5, 2001

        RESOLVED, that each outstanding option under this Corporation’s 1988
Long-Term Incentives Plan, 1995 Long-Term Incentives Plan and 2000 Long-Term
Incentives Plan held by any person who is a present or former corporate officer
elected by the Board be, and each of them hereby is, amended to permit certain
transfers of the options as follows:

		
	 	     Transferability: You are not entitled to transfer the
Options except (i) by will or by the laws of descent and
distribution, or (ii) in the case of Options not granted as
incentive stock options, by gift to any member of your immediate
family or to a trust for the benefit of one or more members of
your immediate family or to a family charitable trust established
by you or a member of your immediate family; provided, however,
that no transfer pursuant to this clause (ii) shall be effective
unless you have notified the Corporation’s Office of the Secretary
(Attention: Stock Option Administration) in writing specifying
the Option or Options transferred, the date of the gift and the
name, address and social security or other taxpayer identification
number of the transferee. During your lifetime, only you are
entitled to exercise the Options unless you have transferred any
Option in accordance with this paragraph to a member of your
immediate family or to a trust for the benefit of one or more
members of your immediate family or to a family charitable trust
established by you or a member of your immediate family, in which
case only that transferee (or the legal representative of the
estate or the heirs or legatees of that transferee) shall be
entitled to exercise that Option. For purposes of this paragraph,
your “immediate family” shall mean your spouse and natural,
adopted or step-children and grandchildren.EX-10.2: MEMORANDUM OF AMENDMENTS

 

Exhibit 10.2

ROCKWELL INTERNATIONAL CORPORATION

MEMORANDUM OF AMENDMENTS TO

OUTSTANDING RESTRICTED STOCK AGREEMENTS

UNDER ROCKWELL INTERNATIONAL CORPORATION’S

1995 LONG-TERM INCENTIVES PLAN AND

2000 LONG-TERM INCENTIVES PLAN

Adopted by Compensation and Management Development Committee

of Board of Directors on November 7, 2001

It is proposed to amend outstanding shares of Common Stock of Rockwell
Automation granted as restricted stock under Rockwell International
Corporation’s 1995 Long-Term Incentives Plan and 2000 Long-Term Incentives Plan
so as to provide for payment of all cash dividends on such restricted shares,
as set forth in this memorandum.

Amend each outstanding restricted stock agreement under Rockwell International
Corporation’s 1995 Long-Term Incentives Plan and 2000 Long-Term Incentives Plan
to change the provision entitled “Dividend Rights” so that, as amended, such
provision shall read in its entirety as follows:

		
	 	Dividend Rights. Notwithstanding any other provision of this Agreement,
you shall be entitled to receive any dividends that may be paid after
November 7, 2001 in cash on the Restricted Shares and any Stock
Dividends held by the Corporation (or subject to its instructions), in
accordance with this Restricted Stock Agreement, unless and until such
shares have been forfeited in accordance with this Agreement.EX-10.3: FORM OF RESTRICTED STOCK AGREEMENT

 

Exhibit 10.3

ROCKWELL INTERNATIONAL CORPORATION

2000 LONG-TERM INCENTIVES PLAN

RESTRICTED STOCK AGREEMENT

To: _____________

               In accordance with Section 4(c) of the 2000 Long-Term Incentives Plan (the
Plan) of Rockwell International Corporation (Rockwell Automation), _________
shares (Restricted Shares) of Common Stock of Rockwell Automation have been
granted to you today as Restricted Stock (as defined in the Plan) upon the
terms and conditions of this Restricted Stock Agreement, subject in all
respects to the provisions of the Plan, as it may be amended. Capitalized
terms used in this Agreement and not otherwise defined herein shall have the
respective meanings ascribed to them in the Plan.

	 	 	 
	1.	 	
Earning of Restricted Shares
	 
	 	 	
        (a) You shall be deemed to have fully earned _______ of the Restricted
Shares on November 7, 2002 and _______ of the Restricted Shares on November
7, 2004 if you shall continue as an Employee from the date hereof until
November 7 in the respective year.
	 
	 	 	
        (b) If (i) you shall die or suffer a disability that shall continue
for a continuous period of at least six months during the period of your
continuous service as an Employee and prior to November 7, 2004; or (ii)
a “Change in Control” (as defined for purposes of Article III, Section
13(I)(1) of Rockwell Automation’s By-Laws) shall occur during the period
of your continuous service as an Employee and prior to November 7, 2004;
then you shall be deemed to have fully earned all the Restricted Shares
remaining subject to this Agreement.
	 
	 	 	
        (c) If you cease to be an Employee prior to satisfaction of any of
the conditions set forth in paragraph (a) or (b) of this Section, you
shall be deemed not to have earned any of the Restricted Shares and shall
have no further rights with respect to the Restricted Shares or any Stock
Dividends (as hereinafter defined).

 

 

	 	 	 
	2.	 	
Retention of Certificates for Restricted Shares
	 
	 	 	
Certificates for the Restricted Shares and any dividends or distributions
thereon or in respect thereof that may be paid in additional shares of
Common Stock, other securities of Rockwell Automation or securities of
another entity (Stock Dividends), shall be delivered to and held by
Rockwell Automation, or shall be registered in book entry form subject to
Rockwell Automation’s instructions, until you shall have earned the
Restricted Shares in accordance with the provisions of Section 1. To
facilitate implementation of the provisions of this Agreement, you
undertake to sign and deposit with Rockwell Automation’s Office of the
Secretary (i) a Stock Transfer Power in the form of Attachment 1 hereto
with respect to the Restricted Shares and any Stock Dividends thereon;
and (ii) such other documents appropriate to effectuate the purpose and
intent of this Restricted Stock Agreement as Rockwell Automation may
reasonably request from time to time.
	 
	3.	 	
Dividends and Voting Rights
	 
	 	 	
Notwithstanding the retention by Rockwell Automation of certificates (or
the right to give instructions with respect to shares held in book entry
form) for the Restricted Shares and any Stock Dividends, you shall be
entitled to receive any dividends that may be paid in cash on, and to
vote, the Restricted Shares and any Stock Dividends held by Rockwell
Automation (or subject to its instructions) in accordance with Section 2,
unless and until such shares have been forfeited in accordance with
Section 5.
	 
	4.	 	
Delivery of Earned Restricted Shares
	 
	 	 	
As promptly as practicable after (i) you shall have been deemed to have
earned all or part of the Restricted Shares in accordance with Section 1
and (ii) Rockwell Automation has been reimbursed for all required
withholding taxes in respect of your earning all or the part of the
Restricted Shares and Stock Dividends that you have been deemed to have
earned, Rockwell Automation shall deliver to you (or in the event of your
death, to your estate or any person who acquires your interest in the
Restricted Shares by bequest or inheritance) all or the part of the
Restricted Shares and Stock Dividends that you have been deemed to have
earned.

2

 

	 	 	 
	5.	 	
Forfeiture of Unearned Restricted Shares
	 
	 	 	
Notwithstanding any other provision of this Agreement, if at any time it
shall become impossible for you to earn any of the Restricted Shares in
accordance with this Agreement, all the Restricted Shares, together with
any Stock Dividends, then being held by Rockwell Automation (or subject
to its instructions) in accordance with Section 2 shall be forfeited, and
you shall have no further rights of any kind or nature with respect
thereto. Upon any such forfeiture, the Restricted Shares, together with
any Stock Dividends, shall be transferred to Rockwell Automation.
	 
	6.	 	
Adjustments
	 
	 	 	
If there shall be any change in or affecting shares of Stock on account
of any stock dividend or split, merger or consolidation, reorganization
(whether or not Rockwell Automation is a surviving corporation),
recapitalization, reorganization, combination or exchange of shares or
other similar corporate changes or an extraordinary dividend in cash,
securities or other property, there shall be made or taken such
amendments to this Agreement or the Restricted Shares as the Board of
Directors may deem appropriate under the circumstances.
	 
	7.	 	
Transferability
	 
	 	 	
This grant is not transferable by you otherwise than by will or by the
laws of descent and distribution, and the Restricted Shares, and any
Stock Dividends shall be deliverable, during your lifetime, only to
you.
	 
	8.	 	
Withholding
	 
	 	 	
Rockwell Automation shall have the right, in connection with the delivery
of the Restricted Shares and any Stock Dividends subject to this
Agreement, (i) to deduct from any payment otherwise due by Rockwell
Automation to you or any other person receiving delivery of the
Restricted Shares and any Stock Dividends an amount equal to any taxes
required to be withheld by law with respect to such delivery, (ii) to
require you or any other person receiving such delivery to pay to it an
amount sufficient to provide for any such taxes so required to be
withheld, or (iii) to sell such number of the Restricted Shares and any
Stock Dividends as may be necessary so that the net proceeds of such sale
shall be an amount sufficient to provide for any such taxes so required
to be withheld.

3

 

	 	 	 
	9.	 	
Applicable Law
	 
	 	 	
This Agreement and Rockwell Automation’s obligation to deliver Restricted
Shares and any Stock Dividends hereunder shall be governed by and
construed and enforced in accordance with the laws of Delaware and the
Federal law of the United States.

	 	ROCKWELL INTERNATIONAL CORPORATION

	 	By:

	 	 	 
		 	_________________________ 
		 	
Senior Vice President,
	 	 	
General Counsel and Secretary

	 
	Attachment 1 — Stock Transfer Power
	 
	Dated:           November 7, 2001
	 
	Agreed to this _____   day of _____________________ , 2001.
	 
	________________________
	
Name

4

 

Exhibit 10.3

ATTACHMENT 1

STOCK TRANSFER POWER SEPARATE FROM CERTIFICATE

     FOR VALUE RECEIVED, I, _____________, hereby sell, assign and transfer unto
Rockwell International Corporation (Rockwell Automation)
(i) the _____________ shares (the Shares) of the Common Stock of Rockwell
Automation standing in my name on the books of Rockwell Automation
evidenced by book entry, granted to me on November 7, 2001 as Restricted
Stock pursuant to Rockwell Automation’s 2000 Long-Term Incentives Plan
and (ii) any additional shares of Rockwell Automation’s Common Stock,
other securities issued by Rockwell Automation or securities of another
entity (Stock Dividends) distributed, paid or payable on or in respect of
the Shares and Stock Dividends during the period the Shares and Stock
Dividends are held by Rockwell Automation pursuant to a certain
Restricted Stock Agreement dated November 7, 2001, with respect to the
Shares; and I do hereby irrevocably constitute and appoint
_________________________, attorney with full power of substitution
in the premises to transfer the Shares on the books of Rockwell
Automation.

Dated:      November 7, 2001

	 	__________________________________
	 	     

(Signature)

WITNESS:

_____________________________

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