Document:

Prepared and filed by St Ives Burrups

Exhibit 10.3

NOTICE OF GRANT OF 
ANNUAL AWARD UNITS
UNDER PALL CORPORATION
2005 STOCK COMPENSATION PLAN

  January 5, 2005

	To:	[Insert name of Outside Director]
	 	 
	From:	Pall Corporation (the “Company”)
	 	 
	Re:	Grant of Annual Award Units

  We are pleased to advise you that
      on January 5, 2005, you were granted 1000 Annual Award Units pursuant to
      Section 8(a) of the Pall Corporation 2005 Stock Compensation Plan (the “Plan”).
      These Units were granted to you on the following terms and conditions:

  1.      The
      Units granted to you have been credited to a bookkeeping account which
      the Company has established for you under the Plan (your “Plan Account”).
      Each Unit so credited represents the right to receive one share of Pall
      Corporation Common Stock at the time, and subject to the conditions, specified
      in Section 3 below.

  2.      Until
      payment is made with respect to the Units in your Plan Account, additional
      Units (“Dividend Equivalent Units”) will be credited to your
      Plan Account on each date on which the Company pays a dividend on its Common
      Stock ( “Dividend Payment Date”). The number of Dividend Equivalent
      Units that will be so credited will be determined by firstmultiplying
      (A) the total number of Annual Award Units and Dividend Equivalent Units
      standing to your credit in the account immediately prior to the Dividend
      Payment Date, by (B) the per-share amount of the dividend paid on that
      date, and then, dividing the resulting amount by the closing price
      per share of the Company’s Common Stock on that date.

  3.      The
      Units in your Plan Account will become payable (a) upon your ceasing to
      be a member of the Board of Directors of the Company for any reason other
      than removal for cause, or (b), unless the Board of Directors of the Company
      otherwise determines, upon the occurrence of a Change in Control. Payment
      will be made to you, (or in the event of your death, to the person or persons
      you have designated as your beneficiary for purposes of the Plan or to
      your estate if you have not furnished a beneficiary designation form to
      the Company) as follows: (i) by the issuance and delivery of a certificate
      for a number of shares of the Company’s Common Stock equal to the
      total number of whole Units then standing to your credit in your Plan Account,
      and (ii) by payment in cash for any fractional Unit then standing to your
      credit in your Plan Account.

  4.      All
      Annual Award Units granted to you and all Dividend Equivalent Units credited
      to you under the Plan are subject to the following additional terms and
      conditions:

  (a)      Until
      payment is made with respect to such Units in accordance with Section 3
      above, you will have none of the rights of a shareholder with respect to
      the shares of Common Stock represented by those Units, other than the right
      to be credited with “Dividend Equivalents” thereon as provided
      in Section 2 above.

  (b)      Your
      right to receive payment with respect to such Units is not subject in any
      manner to anticipation, alienation, sale, transfer, assignment, pledge,
      encumbrance, attachment or garnishment by your creditors.

  (c)      The
      Plan constitutes only a promise on the Company’s part to make payment
      to you in the future with respect to such Units in accordance with the
      terms of the Plan (summarized in Section 3 above), and you will have no
      more than the status of a general unsecured creditor of the Company with
      respect to your right to receive such payment.

  (d)      Such
      Units are subject to all of the other terms and provisions of the Plan
      as in effect from time to time except that no amendment, suspension or
      termination of the Plan may adversely affect your rights, without your
      written consent, with respect to any Awards previously granted to you.

  The foregoing is a summary of the
      terms of the Annual Awards Units granted to you but is qualified by reference
      to the Plan itself, a copy of which will be furnished to you upon request
      to Mary Ann Bartlett (phone: 516-801-9811; fax: 516-484-3529; e-mail: mary_ann_bartlett@pall.com).

  Accompanying this Notice of Grant
      is a form by which you may designate a beneficiary to receive the stock
      issued in payment of the Units in your account in the event of your death.
      If you do not sign and return the beneficiary designation form, payment
      will be made to your estate.

2Second Supplement to SERP

EXHIBIT
10.8

AMENDED
AND RESTATED

SECOND
SUPPLEMENT TO THE

KERR-McGEE
CORPORATION 

SUPPLEMENTAL
EXECUTIVE RETIREMENT PLAN

AS
AMENDED AND RESTATED EFFECTIVE FEBRUARY 26, 1999

(As
it applies to Participants who were Participants in the

Oryx
Energy Company Executive Retirement Plan

As
of December 31, 1999)

(Adopted
March 8, 2005)

 

(A) Applicability
of Second Supplement

 

 

	 	
      (1)
	
      This
      Second Supplement to the Kerr-McGee Corporation Supplemental Executive
      Retirement Plan (the “Second Supplement”) forms a part of the Kerr-McGee
      Corporation Supplemental Executive Retirement Plan as in effect on and
      after February 26, 1999 (“Plan”). The provisions of this Second Supplement
      shall apply only to those Participants who were Participants in the Oryx
      Energy Company Executive Retirement Plan ("Oryx Plan") as of
      December 31, 1999 ("Former Oryx Participants") who became
      Participants in the Plan effective January 1, 2000 (hereinafter referred
      to as "Second Supplement Participants”). 

 

 

	 	
      (2)
	
      There
      shall be no duplication of benefits provided under the Plan and this
      Second Supplement, and the actuarially equivalent benefits payable under
      one shall be inclusive of the actuarially equivalent benefits payable
      under the other unless specifically provided otherwise in the provisions
      of the Plan or this Second Supplement. 

 

 

	 	
      (3)
	
      All
      terms used in this Second Supplement shall have the meanings assigned to
      them in the provisions of the Plan, unless a different meaning is plainly
      required by the context. 

 

 

(B) Merger
of Oryx Plan into the Plan Effective January 1, 2000

 

 

	(1)  	
      The
      Oryx Plan had previously been sponsored by Oryx Energy Company (“Oryx”).
      Oryx was merged with the Company effective February 26, 1999 (the
      “Merger”). Due to the Merger, the Company assumed the Oryx Plan and
      obligations thereunder including those to the Former Oryx Participants.
      

 

 

	(2)  	
      The
      Company believes that it would be in the best interest of the Oryx Plan,
      the Plan and the Participants therein that the Oryx Plan be merged and
      continued in the Plan effective January 1, 2000.

 

 

	(3)  	
      The
      effective date of the merger of the Oryx Plan into the Plan shall be
      January 1, 2000.

 

 

	(4)  	
      The
      following and only the following are Former Oryx Participants who became
      Participants in the Plan as Second Supplement Participants effective
      January 1, 2000:

 

 

David
A. Hager

 

Patricia
L. Horsfall

 

 

	(5)  	
      Upon
      merger of the Oryx Plan into the Plan effective January 1, 2000,
      there shall be no further benefit accruals pursuant to the terms of the
      Oryx Plan, and benefits for all Second Supplement Participants shall
      accrue thereafter in accordance with the terms of the Plan. Following the
      merger, all benefits earned under the Oryx Plan prior to January 1,
      2000, and benefits earned pursuant to the Plan from and after such date
      will be paid in accordance with the terms of the Plan and this Second
      Supplement.

 

 

(C) Benefits
Applicable to Second Supplement Participants 

 

 

	(1)  	
      A
      Second Supplement Participant will be entitled to receive the benefits and
      only such benefits as would be payable under the terms of the Oryx Plan if
      such plan as in effect on December 31, 1999, including amendments through
      Amendment Seven, had continued without change on and after January 1,
      2000. Second Supplement Participants became fully vested under the Oryx
      Plan effective February 26, 1999, in accordance with Section 6.04 of the
      Oryx Plan as a result of a Change of Control as defined in the Oryx Plan.
      

 

 

	(2)  	
      The
      benefit under the Plan applicable to a Second Supplement Participant shall
      be paid in the form of a lump sum as soon as practicable, as determined by
      the Committee, following the occurrence of the event which makes the
      benefit payable and shall be determined in accordance with Section 3.06 of
      the Oryx Plan using the interest and mortality assumptions that would
      apply to such Participant at such time for such purpose under the
      Kerr-McGee Corporation Retirement Plan. The provisions of Section 5.1 of
      the Plan are not applicable to the benefits of a Second Supplement
      Participant determined under this Plan.

 

 

(D) Benefits
for David A. Hager

 

 

Notwithstanding
subsection (C) above, effective March 8, 2005, David A. Hager's benefits under
the Plan at any time will be based on the greater of:

 

 

	(1)  	
      the
      benefit determined for Hager in accordance with (C) above, or

 

 

	(2)  	
      the
      benefit determined for Hager under the terms of the Plan proper (Articles
      I through IX). For purposes of determining this benefit, all of Hager's
      service with and compensation from Oryx shall be considered service with
      and compensation from the Company.

 

 

(E) Right
to Amend or Terminate Second Supplement.

 

 

The
provisions of Section 9.1 of the Plan with respect to amendment and termination
thereof shall apply with equal force to this Second Supplement.

 

 

 

IN
WITNESS WHEREOF, KERR-MCGEE CORPORATION has,
on its behalf and on behalf of its participating affiliates, caused this
amendment to be executed on this 8th day of
March, 2005.

	
      ATTEST:
	
      KERR-McGEE
      CORPORATION

	 	 
	
      /s/
      John F. Reichenberger

      John
      F. Reichenberger

      Assistant
      Secretary
	
      /s/
      William E. Bradford

      William
      E. Bradford

      Lead
      Director

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