Document:

Trust Agreement for American Standard Compaines Inc.

 Exhibit 10.10 
 TRUST AGREEMENT FOR AMERICAN STANDARD COMPANIES INC. 
 LONG-TERM INCENTIVE COMPENSATION PLAN AND

 AMERICAN STANDARD COMPANIES INC. 
 SUPPLEMENTAL INCENTIVE COMPENSATION PLAN 
 (Restated to include all amendments through
December 6, 2006) 
 This Trust Agreement dated as of January 1, 1993, and as amended and restated in its entirety through
December 6, 2006,, by and between American Standard Companies Inc., a Delaware corporation, and Todd R. Weinblatt, as Trustee, provides, on the terms and conditions set forth below, for the establishment and administration of a trust to hold
shares of Common Stock issued as payouts under the American Standard Companies Inc. Long -Term Incentive Compensation Plan and the American Standard Companies Inc. Supplemental Incentive Compensation Plan. 
  

	1.	Definitions. 

 For purposes of this Trust Agreement,
the following definitions shall apply: 
 1.1. Beneficiary means any one person or trust appointed by a Participant in an unrevoked
writing filed with the Company directing that, in the event of such Participant’s death, all of such Participant’s rights under and interests in the Plan, as recorded pursuant to this Trust, shall vest in such person or trust, provided
that a Participant’s Beneficiary shall be deemed to be the estate or legal representative of such Participant if such written appointment is revoked and not replaced by another such written appointment filed with the Company, or if a
Participant’s Beneficiary does not survive such Participant. 
 1.2 “Beneficial Owner” means any “person”, as
such term is used in Section 13(d) of the Act, who, directly or indirectly, has or shares the right to vote or dispose of such securities or otherwise has “beneficial ownership” of such securities (within the meaning of Rule 13d-3 and
Rule 13d-5 under the Act), including pursuant to any agreement, arrangement or understanding (whether or not in writing). 

 1.3. Board means the Board of Directors of the Company. 
 1.4. Cash Value means the value of the Shares credited to a Participant’s Share Award Account, which shall be determined as follows: if the
Shares in the Participant’s Share Award Account 
  

	 	(A)	are retained in the Trust or sold to the Company or a Subsidiary, based on the Fair Market Value as of the date on which the Participant’s Termination Date occurs, or

  

	 	(B)	are sold to any person other than the Company or a Subsidiary to effect a distribution in cash, the net proceeds of any such sale; provided that, any sale by the Trustee to
effect a distribution hereunder shall be effected as of the last day of the month in which the Participant’s Termination Date occurs. 

 1.5. Change of Control means, from and after January 1, 2005, the occurrence of any of the following events: 
 (i) any “person”, as such term is used in Section 13(d) of the Act (other than the Company, any Subsidiary or any employee benefit plan maintained by the Company or any Subsidiary (or any trustee or
other fiduciary thereof)) is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing 35% or more of the combined voting power of the Company’s then-outstanding securities; 
 (ii) during any consecutive 24-month period, individuals who at the beginning of such period constitute the Board, together with those
individuals who first become directors during such period (other than by reason of an agreement with the Company or the Board in settlement of a proxy contest for the election of directors) and whose election or nomination for election to the Board
was approved by a vote of at least two-thirds of the directors then still in office who either were directors at the beginning of the period or whose election or nomination for election was previously so approved (the “Continuing
Directors”), cease for any reason to constitute a majority of the Board; 
 (iii) the consummation of any merger,
consolidation, recapitalization or reorganization involving the Company, other than any such transaction immediately following which the persons who were the Beneficial Owners of the outstanding voting securities of the Company immediately prior to
such transaction are the 

  

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Beneficial Owners of at least 50% of the total voting power represented by the voting securities of the entity surviving such transaction or the ultimate
parent of such entity in substantially the same relative proportions as their ownership of the Company’s voting securities immediately prior to such transaction; provided that, such continuity of ownership (and preservation of
relative voting power) shall be deemed to be satisfied if the failure to meet such threshold (or to preserve such relative voting power) is due solely to the acquisition of voting securities by an employee benefit plan of the Company, such surviving
entity, any Subsidiary or any subsidiary of such surviving entity; 
 (iv) the sale of substantially all of the assets of the
Company to any person other than any Subsidiary or any entity in which the Beneficial Owners of the outstanding voting securities of the Company immediately prior to such sale are the Beneficial Owners of at least 50% of the total voting power
represented by the voting securities of such entity or the ultimate parent of such entity in substantially the same relative proportions as their ownership of the Company’s voting securities immediately prior to such transaction; or 

(v) the shareholders of the Company approve a plan of complete liquidation or dissolution of the Company. 
 1.6. Committee means the Management Development and Nominating Committee, or such other committee appointed by the Board, consisting of three or
more persons who may or may not be directors or officers of the Company, to administer this Trust Agreement. 
 1.7. Change of Control
Stock Value means the value of a share of Common Stock determined as follows: 
 (i) if the Change of Control results from
an event described in clause (iii) of the Change of Control definition, the highest per share price paid for shares of Common Stock of the Company in the transaction resulting in the Change of Control; or 
 (ii) if the Change of Control results from an event described in clauses (i), (ii) (iv) or (v) of the Change of Control
definition and no event described in clause (iii) of the Change of Control definition has occurred in connection with such Change of Control, the highest sale price of a share of Common Stock of the Company on any trading day during the 60
consecutive trading days immediately preceding and following the date of such 

  

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Change of Control as reported on the New York Stock Exchange Composite Tape, or other national securities exchange on which the Common Stock is traded, and
published in The Wall Street Journal 
 1.8. Common Stock means the common stock, par value $0.01 per share, of the Company.

 1.9. Company means American Standard Companies Inc., a Delaware corporation. 
 1.10. Creditor means a general creditor of the Company or a Subsidiary, as appropriate, and Judgment Creditor means a Creditor who has
obtained a judgment against the Company or a Subsidiary, as appropriate, from a court of competent jurisdiction and who has made written demand to the Company or such Subsidiary for payment on such judgment which has gone unsatisfied for at least
180 days. 
 1.11. Fair Market Value on any date means the closing price of a Share on such date as reported on the New York Stock
Exchange consolidated reporting system. 
 1.12 Insolvent means the inability to pay debts as they mature or being subject to
proceedings as a debtor under the United States Bankruptcy Code, and Insolvency means the state of being insolvent. 
 1.13.
Participant means an employee of the Company or one of its Subsidiaries who participates in the Plan. 
 1.14. Plan means
either the American Standard Companies Inc. Long -Term Incentive Compensation Plan or the American Standard Companies Inc. Supplemental Incentive Plan, as either is in effect from time to time. 
 1.15. Plan Payout means a payment made pursuant to Section 5(a) of the American Standard Companies Inc. Long -Term Incentive Compensation
Plan or pursuant to the payout provisions of the American Standard Companies Inc. Supplemental Incentive Compensation Plan. 
 1.16. Prime
Rate means the rate of interest publicly announced from time to time by the New York City office of Citibank N.A. as its prime or reference rate, adjusted as of the first business day of each calendar quarter. 
 1.17. Share means a share of Common Stock. 
  

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 1.18. Share Award Account means a separate account established under the Trust with respect to
which the Participant’s interests under the Plan are credited. Participants who are non-U.S. taxpayers may, by written agreement, waive all of part of their interest to the amounts in their Share Award Account, which shall in such case revert
to the Company. 
 1.19. Subsidiary means a corporation in which the Company owns, directly or indirectly, more than 50% of the voting
power represented by stock entitled to vote for the election of directors, or a partnership in which the Company owns, directly or indirectly, at least 50% of the capital or profits interests in such partnership. 
 1.20. Original Restatement Date means February 3, 1995. 
 1.21. Termination Date of a Participant means the date on which such Participant’s employment with the Company and each of its Subsidiaries terminates for any reason, including death. 
 1.22. Trust means the trust fund established under this Trust Agreement. 
 1.23. Trustee means Todd R. Weinblatt or such successor trustee as shall be appointed by the Committee pursuant to Section 19 hereof.

  

	2.	Establishment and Duration of Trust; Trustees Powers. 

 The Trust is hereby established under the Plan to fulfill certain obligations thereunder of the Company and the Company’s Subsidiaries to Participants. The Company and the Subsidiaries shall remain primarily responsible to fulfill
payment obligations under the Plans, and may make payments directly to Participants as they become due. Such employers shall notify the Trustee of any decisions to pay benefits directly. To the extent payments are made from the Trust, the
employer’s liability to make payments shall be reduced correspondingly. The Trust shall continue in effect until terminated by action of the Board; provided that the Trust shall in any event terminate when all amounts owed to Participants have
been paid or the Trust has been exhausted. The Trust is intended to be a grantor trust within the meaning of Sections 671 through 679 of the Internal Revenue Code of 1986, as needed (the “Code”). 
 The Trustee shall invest and reinvest the assets of the Trust without distinction between principal and income; provided, however, that the Trustee shall
hold in the Trust all Shares that it receives, and the Trustee shall distribute such Shares to the Participants (or to their Beneficiaries) entitled to such distributions when and as directed by the Committee in accordance with the terms 

  

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of the Plan. The Committee shall direct the investment of any cash contributions to the Trust in its discretion. Any dividends on the Company’s Common
Stock paid to the Trust, other than a dividend payable in the form of Shares, shall be invested in Common Stock by the Trustee as instructed by the Treasurer of the Company. Pending investment of any such cash contributions, the Trustee may
temporarily invest and reinvest such contributions in any marketable short- and medium-term fixed income securities, United States Treasury Bills, other short- and medium-term government obligations, commercial paper, other money market instruments
and part interests in any one or more of the foregoing, or may maintain cash balances consistent with the liquidity needs of the Trust as determined by the Trustee. The Committee may direct the Trustee to maintain separate investment funds, allocate
contributions among such funds, and make transfers among such funds. 
 Subject to the provisions hereof, the Trustee shall be authorized and
empowered to exercise any and all of the following rights, powers and privileges with respect to any cash, securities or other properties held by the Trustee in trust hereunder: 
 1. To sell, exchange, mortgage or lease any such property and to convey, transfer or dispose of any such property on such terms and conditions as the
Trustee deems appropriate. 
 2. To grant options for the sale, transfer, exchange or disposal of any such property and to exercise any
subscription rights or conversion privileges with respect to any securities held in the Trust Fund. 
 3. To exercise all voting rights
pertaining to any securities; to consent to or request any action on the part of the issuer of any such securities; and to give general or special proxies or powers of attorney with or without power of substitution. 
 4. To collect and receive any and all money and other property of whatsoever kind or nature due or owing or belonging to the Trust Fund and to give full
discharge and acquaintance therefor; and to extend the time of payment of any obligation at any time owing to the Trust Fund, as long as such extension is for a reasonable period and continues reasonable interest. 
 5. To cause any securities or other property to be registered in, or transferred to, the individual name of the Trustee or in the name of one or more of
its nominees, or one or more nominees of any system for the centralized handling of securities, or to retain such investments unregistered and in form permitting transferability by delivery (provided that the books and records of the Trust at all
times show that all such investments are a part of the Trust Fund). 
  

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 6. To settle, compromise or submit to arbitration any claims, debts or damages due or owing to or from
the Trust; to commence or defend suits or legal proceedings whenever, in its judgment, any interest of the Trust requires it; and to represent the Trust in all suits or legal proceedings in any court of law or equity or before any other body or
tribunal, insofar as such suits or proceedings relate to any property forming part of the Trust Fund or to the administration of the Trust Fund. 
 7. Generally, to do all acts, whether or not expressly authorized, which are necessary or appropriate to carry out the intent of this Trust Agreement. 
  

	3.	Contribution of Shares to Trust. 

 As of the date
any Plan Payout authorized under the Plan which consists in whole or in part of Shares is made, the Company shall contribute to the Trust, for credit to the Share Award Account of each Participant who is granted such a Plan Payout, that number of
whole and fractional Shares, valued at their Fair Market Value on such date, equal to the percentage of such Plan Payout consisting of Shares. 
  

	4.	Share Award Accounts. 

 Each Participant’s
Share Award Account shall record the number of Shares and fractions thereof credited to such Share Award Account as a Plan Payout and the date as of which each such Plan Payout was made. Whenever a dividend other than a dividend payable in the form
of Shares is declared with respect to the Company’s Common Stock, the number of Shares credited to a Participant’s Share Award Account shall be increased by the number of Shares determined by dividing (i) the product of (A) the
number of Shares in the Participant’s Share Award Account on the related dividend record date and (B) the amount of any cash dividend declared by the Company on a share of Common Stock (or, in the case of any dividend distributable in
property other than Common Stock, the per share value of such dividend, as determined by the Company for purposes of income tax reporting) by (ii) the Fair Market Value per Share on the related dividend payment date. 
  

	5.	Voting Rights. 

 Shares credited to each
Participant’s Share Award Account shall be voted by the Trustee as recommended by the Board on its proxy voting card. 
  

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	6.	Distributions from Trust. 

 Upon the termination of
a Participant’s employment prior to a Change of Control and on or after January 1, 2005, such Participant (or, in the event of his death, his Beneficiary) shall be entitled to distribution from the Trust of all Shares and any other
property (“Non-Share Interests”) credited to his Share Award Account; provided that, so long as such direction shall not cause the Company or its Subsidiaries to breach any covenant or otherwise incur a default under any credit or
other financing agreement to which it is a party, the Company may direct the Trustee to pay the Participant (or his Beneficiary) the Cash Value of such Shares in lieu of a distribution in Shares. Such distribution shall be made in a single lump sum
ten (10) business days following the Participant’s termination of employment, except that, if the Participant is a “key employee” within the meaning of 416(i) of the Code, such lump sum payment shall be made six months following
the date of the Participant’s termination of employment. 
  

	7.	Change of Control. 

 Upon a Change of Control
occurring on or after January 1, 2005, each Participant shall be entitled to receive a lump sum cash payment equal to the sum of (i) the Change of Control Stock Value of all Shares credited to his Share Award Account and (ii) the
value of any Non-Share Interests credited to his Share Award Account (unless within one (1) business day following such a Change of Control, such Participant has delivered written notice to the Trustee pursuant to Section 10 hereof
requesting a distribution from the Trust of all Shares and/or Non-Share Interests credited to such Participant’s Share Award Account in the event of a Change of Control, in lieu of a cash payment equal to the Change of Control Stock Value of
such Shares and/or the value of Non-Share Interests, in which case such Participant shall be entitled to receive a distribution of all Shares and/or Non-Share Interests credited to such Participant’s Share Award Account) in accordance with the
provisions of this Section 7. Upon a Change of Control, the Trustee shall determine as promptly as practicable (and in no event more than three (3) business days) thereafter the Change of Control Stock Value of the Shares in the Trust and
shall promptly thereafter deliver a written notice (the “Trustee Notice”) to the Company setting forth such Change of Control Stock Value and the manner of its determination and requesting that the Company purchase all Shares in the Trust
(except for Shares credited to Participants’ Share Award Accounts as to which Participants have requested a distribution in the event of a Change of Control in lieu of a cash payment equal to the Change of Control Value therefor). A copy of
such Trustee Notice shall be sent to each Participant. Following the receipt of the Trustee Notice, the Company shall, within three (3) business days following the Company’s receipt of such Trustee Notice, make a cash payment to the
Trustee equal to the Change of Control Stock Value of such Shares against 

  

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delivery of such Shares by the Trustee to the Company. Upon a Change of Control, the Trustee shall sell as promptly as practicable the Non-Share Interests
(other than cash) of the Trust (except for such Non-Share Interests credited to Participants’ Share Award Accounts as to which Participants have requested a distribution in-kind in the event of a Change of Control in lieu of a cash payment
equal to the value therefor). Fifteen (15) business days following the date on which the Change of Control occurs, the Trustee shall distribute to each Participant the lump-sum cash payment contemplated by the first sentence of this
Section 7. In the event that the Company shall not have purchased from the Trustee any Shares required to be purchased prior to the date such distribution is required to be made, the Trustee shall distribute the Shares to the Participant and
the Participant shall have a right to put the Shares to the Company for purchase at the Change of Control Stock Value, plus interest thereon at a rate per annum equal to the Prime Rate plus 4%, compounded monthly until paid, and the Company shall be
liable to the Participant and/or his or her Beneficiaries for any and all additional income taxes that the Participant may incur under Section 409A of the Code by reason of the Company failing to timely purchase the Shares from the Trustee or
the Participant. For purposes of this Section 7, the Trustee’s determination of the Change of Control Stock Value of a Participant in the Trust shall be binding and conclusive. 
  

	8.	Issuance of Share Certificates. 

 If a Participant
(or, in the event of his death, his Beneficiary) receives a distribution of Shares pursuant to Section 6 or 7, the Trustee shall deliver to such Participant or Beneficiary a certificate or certificates evidencing the Shares credited to such
Participant’s Share Award Account, as soon as administratively practicable after the Participant’s Termination Date or a Change of Control, as the case may be. 
  

	9.	Changes in Capital Structure. 

 In the event of the
payment of any dividend payable in, or the making of any distribution of, Shares to holders of record of Shares during the period any Shares awarded under the Plan are credited to a Participant’s Share Award Account; or in the event of any
stock split, combination of Shares, recapitalization or other similar change in the authorized capital stock of the Company during such period; or in the event of the merger or consolidation of the Company into or with any other corporation or the
reorganization, dissolution or liquidation of the Company during such period; there shall be credited to such Participant’s Share Award Account such new, additional or other shares of capital stock of any class, or other property (including
cash), as such Participant 

  

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would be entitled to receive as a matter of law if such Participant were a shareholder of the Company at the time of such event. 
  

	10.	Administration. 

 This Trust Agreement shall be
administered by the Committee, which shall have full power and authority (to the extent not inconsistent with the terms and purposes of the Plan and this Trust Agreement) prior to a Change of Control to interpret and carry out the terms of, and to
establish, amend or rescind rules and regulations relating to, this Trust Agreement; to appoint a recordkeeper for this Trust Agreement and to rescind any such appointment; and to take such other actions and to make such other determinations
relating to this Trust Agreement as may be necessary or advisable in connection with the Plan. The Board or the Committee may, by resolution or written direction, delegate to any agent or agents it shall appoint, including any officer or employee of
the Company, the authority to exercise any of its administrative duties and responsibilities hereunder. 
 All forms required to be filed
hereunder and all other communications with respect hereto shall be addressed to the Committee, the Company or the Trustee, as the case may be, in care of the Secretary, American Standard Companies Inc., One Centennial Avenue, Piscataway, New
Jersey, 088556820, or to such other address as the Committee, the Company or the Trustee, as the case may be, may designate from time to time. 
 Subject to the provisions of Section 7, neither the Trustee, the Committee nor the Company shall be in breach of its obligations hereunder, nor liable for any interest or other payments, if the Trustee fails to make any payments
hereunder on the stated date on which such payment is due.
  

	11.	Trust Subject to Creditor Claims. 

 Notwithstanding
any other provision of this Trust Agreement or the Plan, the Trustee shall hold the assets of the Trust for the benefit of Creditors to the extent provided in Sections 12 and 13 hereof. No Participant or Beneficiary shall have any rights greater
than the rights of any other unsecured Creditor, and no Participant or Beneficiary shall have any right against or security interest in the Trust. The Chief Executive Officer or Chief Financial Officer of the Company or 

  

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each Subsidiary shall have the duty to inform the Trustee in writing of the Insolvency of the Company or any such Subsidiary, as the case may be. 

 

	12.	Effects of Insolvency. 

 Upon receipt prior to a
Change of Control of any written allegation of the Insolvency of the Company or any Subsidiary which has an interest in the Trust, the Trustee shall suspend the making of any distribution from the Trust and shall immediately notify the Company and
any affected Subsidiary in writing of such allegation. Within 30 days of receipt of such an allegation, the Trustee shall determine whether the Company or the relevant Subsidiary is Insolvent. If the Trustee determines the Company or the relevant
Subsidiary to be Insolvent, or if the Trustee otherwise has actual knowledge that the Company or the relevant Subsidiary is Insolvent, the Trustee shall cease making distributions hereunder and shall hold the portion of the Trust held for the
benefit of such entity for the benefit of its Creditors until otherwise instructed by a court of competent jurisdiction. If the Trustee determines that the Company or the relevant Subsidiary is not Insolvent, the Trustee shall resume making
appropriate distributions from the Trust to Participants and Beneficiaries in accordance with this Agreement. Notwithstanding the foregoing, if the Board, the Chief Executive Officer or the Chief Financial Officer of the Company or the relevant
Subsidiary delivers to the Trustee a sworn statement that the Company or such Subsidiary is Insolvent, the Trustee shall make distributions from the portion of the Trust held for the benefit of such entity only as directed by a court of competent
jurisdiction, until such time as the Trustee determines that the Company or the relevant Subsidiary, as the case may be, is not Insolvent. 
  

	13.	Judgment Creditor Claims. 

 In addition to the
rights of Creditors set forth in Section 12 hereof, and notwithstanding any other provision of this Trust Agreement, the assets of the Trust shall at all times prior to a Change of Control be available to satisfy claims of Judgment Creditors.
Upon receipt by the Trustee of proof satisfactory to the Trustee that a Creditor is a Judgment Creditor, the Trustee shall satisfy the claim of such Judgment Creditor, to the extent possible, from the assets of the Trust, and the Trustee shall be
fully indemnified hereunder in satisfying such claim. 
  

	14.	Distributions Due to Certain Tax Consequences. 

 Notwithstanding any provision of this Trust Agreement other than Sections 12 and 13 hereof, if a Participant (or Beneficiary) is determined to be subject to United States federal income 

  

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tax on any portion of his interest in the Trust prior to the time of distribution of such interest that portion of such interest shall be distributed by the
Trustee to such Participant or Beneficiary. A portion of a Participant’s (or Beneficiary’s) interest in the Trust shall be determined to be subject to United States federal income tax upon the earliest of (i) receipt by the
Participant (or Beneficiary) of a notice of deficiency from the United States Internal Revenue Service with respect to such interest which is not contested by such Participant (or Beneficiary); (ii) execution of a closing agreement
between the Participant (or Beneficiary) and the Internal Revenue Service which provides that such interest is includible in the Participant’s (or Beneficiary’s) gross income; and (iii) a final determination by the United
States Tax Court or any other federal court which holds that such interest is includible in the Participant’s (or Beneficiary’s) gross income. 
  

	15.	Reports and Records. 

 The Trustee shall:

 15.1. keep accurate and detailed accounts of all investments, receipts, disbursements and other transactions in the Trust as he shall deem
necessary and proper with respect to his administration of the Trust, and permit inspection of such accounts, records and assets of the Trust by any duly authorized representative of the Company at any time during usual business hours; 

15.2. make such periodic reports to the Company as it shall reasonably request; 
 15.3. prepare and timely file such tax returns and other reports, together with supporting data and schedules, as may be required of the Trustee by law,
with any taxing authority or any other government authority, whether local, state or federal. 
  

	16.	Taxes. 

 The Company and each participating
Subsidiary agree that their respective share of all income, deductions and credits of the Trust belong to them as owners for income tax purposes and shall, as appropriate, be included on their tax returns. The Company or a Subsidiary of the Company
shall from time to time pay taxes (references in this Trust Agreement to the payment of taxes shall include interest and applicable penalties) of any and all kinds whatsoever which at any time are lawfully levied or assessed upon or become payable
in respect of the Trust, the income or any property forming a part thereof, or any security transaction pertaining thereto. Any amounts distributed from the Trust shall be reduced by the amount of any withholding taxes required by law, and the
Trustee shall have the responsibility to withhold and pay such amounts to the appropriate 

  

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governmental authorities. The Trustee shall inform the Company in writing of all amounts withheld and of all distributions hereunder to a Participant or
Beneficiary. The Trustee shall be entitled to satisfy such withholding tax obligations and payments to a Participant or Beneficiary by retaining an appropriate number of Shares and selling such Shares. 
  

	17.	For the Benefit of the Trustee. 

 17.1. Expenses
of the Trustee. The Company shall reimburse the Trustee for any expenses incurred by the Trustee including, but not limited to, all proper charges and disbursements of the Trustee, and reasonable fees for legal services rendered to the Trustee
(whether or not rendered in connection with a judicial or administrative proceeding). The Trustee’s entitlement to reimbursement hereunder shall not be affected by the resignation or removal of the Trustee or by the termination of the Trust.

 17.2. Indemnification of Trustee. The Company shall indemnify, defend and hold the Trustee harmless from and against any claim,
liability, cost or expense (including reasonable attorneys’ fees) asserted against, imposed on or suffered or incurred by the Trustee in the good-faith carrying out of his duties and responsibilities hereunder and in his good-faith compliance
with any written instructions delivered to him by the Company with respect thereto. 
  

	18.	Resignation and Removal of Trustee. 

 The Trustee
may be removed by the Committee at any time with the approval of Participants whose Share Award Accounts comprise 75% or more of the Shares held by the Trust. The Trustee may resign at any time upon notice in writing to the Company. 
  

	19.	Successor Trustee. 

 Upon the removal or resignation
of the Trustee, the Committee may designate a successor Trustee to act hereunder, which shall have the same powers and duties as those conferred upon the Trustee. Upon such designation, and upon the written acceptance of the successor Trustee, the
former Trustee shall, if necessary, assign, transfer and pay over to such successor Trustee the assets then constituting the Trust. A successor Trustee shall have all the rights and powers under this Trust Agreement as an original Trustee.

  

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	20.	Amendment of Trust. 

 All contributions made by the
Company or any Subsidiary shall be irrevocable unless either the benefits payable hereunder have been otherwise paid to the Participants by the Company or a Subsidiary or unless a Participant, who is a non-U.S. taxpayer, has waived all or part of
such Participant’s Share Award Account, in which case all or part of such Share Award Account shall revert to the Company; provided that, the Company may amend, in whole or in part, any or all of the provisions of this Trust Agreement,
provided that no such amendment may affect the rights, protections, duties or responsibilities of the Trustee without his consent and, provided further, that no such amendment may (a) permit any part of the corpus or income of the Trust to be
returned or diverted to the Company or (b) diminish, reduce, alter, or impair any Participant’s Share Award Account without such Participant’s consent. 
  

	21.	No Right of Alienation or Employment. 

 Except as
required in Sections 11 through 13 hereof, at no time prior to the satisfaction of all liabilities with respect to Participants and their Beneficiaries shall any part of the corpus and/or income of the Trust be used for, or diverted to purposes
other than for the exclusive purpose of providing benefits to Participants and their Beneficiary. No Participant or Beneficiary shall have any right or interest in the assets of the Trust which is greater than the rights of any Creditor. The assets
of the Trust shall not be subject to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance or charge. This Trust Agreement does not give any Participant a right to continued employment with the Company or any Subsidiary.

  

	22.	Headings. 

 Section headings in this Trust Agreement
are for reference only. In the event of a conflict between a heading and the content of a Section, the content of the Section shall control. 
  

	23.	Construction. 

 This Trust Agreement shall be
construed and regulated by the laws of the State of New York except where such laws are superseded by federal laws. 
  

	24.	Successors. 

 This Trust Agreement shall be binding
upon, and the powers herein granted to the Committee, the Company and the Trustee, respectively, shall be exercisable by, the respective successors and assigns of the Committee, the Company and the Trustee. 
  

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	25.	Separability. 

 If any part of this Trust Agreement
shall be found to be invalid or unenforceable, such invalidity or unenforceability shall not affect the remaining provisions hereof. Such invalid or unenforceable part shall be fully separable and this Trust Agreement shall be construed and enforced
as if such part had not been inserted herein. 
  

	26.	Gender and Number. 

 Whenever used herein, the
masculine shall be interpreted to include the feminine and neuter, the neuter to include the masculine and feminine, the singular to include the plural and the plural to include the singular, in each case unless the context requires otherwise.

  

	27.	Assignment. 

 The benefits payable under this Trust
Agreement may not be assigned, alienated, pledged, attached or garnished. 
 IN WITNESS WHEREOF, each of the parties hereto has executed or
caused to be executed this Trust Agreement, as amended and restated as of the date and year first written above. 

			
	AMERICAN STANDARD COMPANIES INC.
	
	  
	By:	 	Mary Elizabeth Gustafsson
		
	Its:	 	 Senior Vice President,
 General Counsel &
Secretary

  

	
	THE TRUSTEE:
	
	   
	Todd R. Weinblatt

  

 - 15 -Restricted Unit Grant Agreement

 Exhibit 10.40 
 AMERICAN STANDARD COMPANIES INC. 
 RESTRICTED UNIT GRANT AGREEMENT 
 FOR U.S. EMPLOYEES 
 Dated as of
February 5, 2007 
 AMERICAN STANDARD COMPANIES INC., a Delaware corporation (“Grantor”), hereby grants to
                 (“Participant”), an employee of Grantor or one of its subsidiaries,         
Restricted Units, pursuant to and subject to the terms and conditions set forth in the Grantor’s 2002 Omnibus Incentive Plan (the “Plan”) and to such further terms and conditions as are set forth below in this Restricted Unit Grant
Agreement (the “Agreement). Unless otherwise defined herein, the terms defined in the Plan shall have the same meanings in this Agreement. 
 1.
Restricted Period. Notwithstanding the provisions of Section 8.4 of the Plan, the Restricted Period shall commence upon the date of grant and shall lapse with respect to one third of the Restricted Units over each of the first
three anniversaries of the date of grant. However, in the event of an involuntary termination of employment due to a sale of all or a portion of the Grantor’s Bath and Kitchen business in which Participant is employed, all restrictions on the
Restricted Units shall immediately lapse as of the date of the termination of the Participant’s employment. 
 The term “lapse” shall mean,
with respect to any Restricted Units, that such Units are no longer subject to forfeiture by the Participant. If the Restricted Period would lapse as to a fraction of a Restricted Unit, such Restricted Unit shall not lapse until Participant becomes
entitled to the entire Restricted Unit. 
 2. Dividend Equivalents. Pursuant to Section 8.3 of the Plan, Participant shall be entitled to
receive Dividend Equivalents on the Restricted Units, provided that, (a) Dividend Equivalents shall not accrue interest and (b) Dividend Equivalents shall be paid in cash at the time that the Restricted Period lapses with respect to the
associated Restricted Units. 
 3. Termination of Employment. Notwithstanding the provisions of Section 8.7 of the Plan, if a Participant
ceases to be employed by the Grantor or any Subsidiary prior to the date the Restricted Period lapses for any reason other than (a) as specified in Section 8.6 of the Plan or (b) due to a sale of all or a portion of the
Bath & Kitchen business where the Participant involuntarily terminates employment with the Grantor or its Subsidiary other than for Cause, all Restricted Units and any Dividend Equivalents credited to such Participant shall be forfeited
upon the Participant’s termination of employment. 
 4. Acknowledgement of Nature of Plan and Award. In accepting the Award, Participant
acknowledges that: 
 (a) the Plan is established voluntarily by the Grantor, it is discretionary in nature, and it may be modified,
amended, suspended or terminated by the Grantor at any time, unless otherwise provided in the Plan and this Agreement; 
 (b) the
Award is voluntary and occasional and does not create any contractual or other right to receive future awards of Restricted Units, or benefits in lieu of Restricted Units, even if Restricted Units have been awarded repeatedly in the past;

 (c) all decisions with respect to future awards, if any, will be at the sole discretion of the Grantor; 
 (d) the Participant is voluntarily participating in the Plan; 

 (e) in the event that the Participant is not an Employee of the Grantor, the Award and
Participant’s participation in the Plan will not be interpreted to form an employment or service contract or relationship with the Grantor; and, furthermore, the Award and Participant’s participation in the Plan will not be interpreted to
form an employment or service contract or relationship with any Subsidiary of the Grantor; and 
 (f) the future value of the
underlying shares of Common Stock is unknown and cannot be predicted with certainty. 
 5. Responsibility for Taxes. With respect to the
Restricted Units, the Participant shall pay or make adequate arrangements satisfactory to the Grantor and/or the Employer to satisfy all income tax, social insurance, payroll tax, payment on account or other tax-related withholding obligations of
the Grantor and/or the Employer (“Tax-Related Items”). In this regard, the Participant shall notify the Grantor and/or the Employer or, if applicable, the Grantor’s administrator of the Plan, the means by which Participant elects to
pay any and all withholding taxes required in connection with the grant or vesting of the Restricted Units and issuance of underlying Shares. In the event that Participant does not elect to pay any Tax-Related Items by a different permissible means
under the Plan, Grantor and/or the Employer shall withhold number of Shares underlying the Restricted Units necessary to pay any required withholding taxes of the Participant. The Grantor may refuse to deliver Shares otherwise issuable to
Participant hereunder if the Participant fails to comply with his or her obligations in connection with the Tax-Related Items as described in this section. 
 6. Electronic Delivery. The Grantor may, in its sole discretion, decide to deliver any documents related to the Award or future awards made under the Plan by electronic means or request the Participant’s consent to
participate in the Plan by electronic means. The Participant hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an on-line or electronic system established and maintained by the Grantor or
a third party designated by the Grantor. 
 7. Severability. The provisions of this Agreement are severable and if any one or more provisions
are determined to be illegal or otherwise unenforceable, in whole or in part, the remaining provisions shall nevertheless be binding and enforceable. 
 8.
Choice of Law and Venue. All disputes arising under or growing out of the Award or the provisions of this Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, United States of America, as
provided in the Plan, without regard to such state’s conflict of laws rules. 
 9. No Compensation Deferrals. Neither the Plan nor this
Agreement is intended to provide for an elective deferral of compensation that would be subject to Section 409A of the Code. The Grantor reserves the right, to the extent the Grantor deems necessary or advisable in its sole discretion, to
unilaterally amend or modify the Plan and/or this Agreement to ensure that no grants (including without limitation, the Restricted Units) become subject to Section 409A, provided, however, the Grantor makes no representation that the Restricted
Units are not subject to Section 409A nor makes any undertaking to preclude Section 409A from applying to the Restricted Units. 
 10.
Acceptance. This grant is subject to acceptance, within 90 days of its receipt, by return to Grantor’s Senior Vice President-Human Resources of a signed copy of this Agreement. Failure to accept the grant within 90 days of its
receipt shall result in the cancellation of the Restricted Units. 

 IN WITNESS WHEREOF, the duly authorized officers of the Grantor named below have hereunto subscribed as of the day and
year first above written. 
  

									
		 		 	AMERICAN STANDARD COMPANIES INC.
	Attest:	 		 	
				
		 		 	By:	 	

		 		 		 		 	Chairman and Chief Executive Officer

  

	
	
	

	Secretary

 By signing this Agreement, the Participant acknowledges that he or she accepts the Restricted Units granted
hereunder, is familiar with the terms and conditions of this Agreement and the Plan, and agrees to be bound by said terms and conditions. 
  

	
	
	   
	(Date)
	
	   
	(Participant’s Signature)

 This document constitutes part of a prospectus covering securities that have been registered under the Securities
Act of 1933.

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