Document:

American Standard Companies Inc. Corporate Officer Severance Plan

 Exhibit 10.1 
  
 AMERICAN STANDARD COMPANIES INC. 
  
 CORPORATE OFFICER SEVERANCE PLAN 
  
 (As Amended and Restated as of July 7, 2005) 
  
 Section I. Purpose. 
  
 The purpose of the Plan is to provide elected officers of the Company with severance benefits should their employment with
the Company terminate under the circumstances described below. The Plan supersedes any and all previous severance pay practices or policies of the Company, whether written or unwritten. 
  
 Section II. Definitions. 
  
 A. Agreement and Release – means an agreement prepared by the Company under which a Participant, in return for
the benefits provided under the Plan, agrees to release the Company and its affiliates from any and all claims which such Participant may have against the Company at the time the agreement is executed, and further agrees to certain other
undertakings, including cooperation with the Company in any matter which may give rise to legal claims against the Company, a two year non-competition obligation, a two year non-solicitation obligation, keeping confidential proprietary information
of the company as well as the terms of the Agreement and Release, settlement of any disputes concerning the Agreement and Release through binding arbitration, and such other undertakings as the Company may require from time to time. 
  
 B. 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). 
  
 C. Board - means the Board of Directors of the Company. 
  
 D. Cause - means a Participant’s (i) willful and continued failure substantially to perform his or her duties with the Company or any
Subsidiary (other than any such failure resulting from incapacity due to reasonably documented physical or mental illness), after a demand for substantial performance is delivered to such Participant by the Chairman of the 

  

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Board or officer of equivalent authority which specifically identifies the manner in which it is believed that such Participant has not substantially
performed his or her duties, (ii) conviction of, or plea of nolo contendere to, a felony, or (iii) the willful engaging by such Participant in gross misconduct materially and demonstrably injurious to the Company or any Subsidiary or to the
trustworthiness or effectiveness of the Participant in the performance of his or her duties. For purposes hereof, no act, or failure to act, on such Participant’s part shall be considered “willful” unless done, or omitted to be done,
by him or her not in good faith and without reasonable belief that his or her action or omission was in the best interest of the Company or a Subsidiary. Any act, or failure to act, based upon authority given pursuant to a resolution duly adopted by
the Board or based upon the advice of counsel for the Company shall be conclusively presumed to be done, or omitted to be done, by such Participant in good faith and in the best interest of the Company or such Subsidiary. 
  
 E. Change of Control - shall mean 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 20% or more of the combined voting power of the Company’s then-outstanding securities, provided, however, that an acquisition of securities of the Company representing less than
25% of the combined voting power shall not constitute a Change of Control if, prior to meeting the 20% threshold, the members of the Board who are not employees of the Corporation or a Subsidiary Company unanimously adopt a resolution consenting to
such acquisition by such Beneficial Owners; 
  
 (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 

  

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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 Beneficial Owners of at least 55% 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 55% 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. 
  
 F. Company - means American Standard Companies Inc., a Delaware corporation, and any successor thereto. 
  
 G. Disability - means a Participant’s inability, due to reasonably documented physical or mental illness, for more than six months to perform
his or her duties with the Company or a Subsidiary on a full time basis if, within 30 days after written notice of termination has been given to such Participant, he or she shall not have returned to the full time performance of his or her duties.

  

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 H. Effective Date - means April 27, 1991. 
  
 I. Good Reason - means any of the following: 
  
 (i) an adverse change in a Participant’s status or
position(s) as an executive of the Company, any adverse change in a Participant’s status or position as an executive of the Company as a result of a material diminution in his or her duties or responsibilities or a relocation of a
Participant’s principal place of employment to a location which is at least 30 miles further from such Participant’s principal residence than his or her current location or the assignment to him or her of any duties or responsibilities
which are inconsistent with such status or position(s), or any removal of such Participant from or any failure to reappoint or reelect him or her to such position(s) (except in connection with the termination of his or her employment for Cause,
Disability or retirement or as a result of his or her death or by him or her other than for Good Reason); 
  
 (ii) a reduction by the Company in such Participant’s base salary; 
  
 (iii) the taking of any action by the Company or a Subsidiary (including the elimination of a plan without
providing substitutes therefor or the reduction of his or her awards thereunder) that would substantially diminish the aggregate projected value of such Participant’s awards under the Company’s or such Subsidiary’s bonus and benefit
plans in which he or she was participating at the time of the taking of such action; 
  
 (iv) the taking of any action by the Company or such Subsidiary that would substantially diminish the aggregate value of the benefits
provided such Participant under the Company’s or such Subsidiary’s medical, health, accident, disability, life insurance, thrift and retirement plans in which he or she was participating at the time of the taking of such action; or

  
 (v) any purported termination by the Company
of such Participant’s employment that is not effected for Cause, provided that this shall not include termination of employment at age sixty-five pursuant to the Company’s mandatory retirement policy for Corporate Officers. 
  

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 Notwithstanding the foregoing, a termination for Good Reason shall not have occurred (a)
if the Participant consented in writing to the event giving rise to the “Good Reason”, (b) if the Participant voluntarily terminates his or her employment more than ninety (90) days after the occurrence of the event constituting Good
Reason, or (c) with regard to the occurrence of the events described in paragraphs 4(ii), (iii) and (iv) above prior to a Change of Control, if such reductions or actions are proportionate to the reductions or actions applicable to other employees
in similar positions pursuant to a cost savings plan. 
  
 J.
Participant - means each elected officer of the Company. Effective July 7, 2005, individuals elected to the positions of Vice President & Controller or Vice President & Treasurer shall not be Participants, provided, however, that any
employees holding such positions as of such date shall continue to be Participants so long as they continue in such positions and, in the event they no longer hold such positions, for so long as the Plan Administrator determines is appropriate.

  
 K. Plan - means the American Standard Companies Inc.
Corporate Officer Severance Plan. 
  
 L. Plan Administrator
- means the Management Development and Compensation Committee of the Board (the “MDC”) or any committee or individual designated by the MDC to perform some or all of its administrative functions hereunder. 
  
 M. Subsidiary - means any corporation or partnership in which the
Company owns, directly or indirectly, 50% or more of the total combined voting power of all classes of stock of such corporation or of the capital interest or profits interest of such partnership. 
  
 Section III. Eligibility. 
  
 A Participant shall be eligible to receive the benefits provided under the
Plan in the event that: 
  

	 	(i)	 such Participant voluntarily terminates his or her employment for Good Reason or suffers an involuntary termination by the Company other than a termination for
Cause, provided that in either case such termination shall not include a 

  

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termination upon attainment of age sixty-five pursuant to the Company’s mandatory retirement policy for Corporate Officers; and

  

	 	(ii)	such Participant executes an Agreement and Release in a form acceptable to the Company at the time of the Participant’s termination of employment. 

  
 No other individual shall be eligible for benefits under the
Plan and the payment of benefits hereunder shall not be affected by the payment of retirement or other benefits under any other Company plan. 
  
 Section IV. Severance Payments. 
  
 A Participant who satisfies the eligibility requirements of Section III hereof shall receive severance payments equal to the sum of the following:

  
 A. an amount equal to two times (or in the case of the Chief
Executive Officer of the Company three times) the Participant’s annual base salary in effect on the date the termination occurs; plus 
  
 B. the amount of the Participant’s annual incentive plan target award in effect for the calendar year in which the termination occurs determined
without regard to whether the applicable targets are obtained, multiplied by a fraction, the numerator of which is the number of days in the year of termination that the Participant was an employee of the Company, and the denominator of which is
365; plus 
  
 C. the amount (or in the case of the Chief Executive
Officer, two times the amount) of the Participant’s annual incentive plan target award in effect for the year in which the termination occurs determined without regard to whether the applicable targets are obtained. 
  
 Section V. Certain Additional Payments by the Company. 
  
 A. Anything in this Plan to the contrary notwithstanding, in the event it
shall be determined that any payment, award, benefit or distribution (or any acceleration of any payment, award, benefit or distribution) by the Company (or any of its affiliated entities) or any entity which effectuates a Change of Control (or any
of its affiliated entities) to or for the benefit 

  

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of a Participant (whether pursuant to the terms of this Plan or otherwise, but determined without regard to any additional payments required under this
Section V) (the “Payments”) would be subject to the excise tax imposed by Section 4999 of the Internal Revenue Code of 1986, as amended (the “Code”), or any interest or penalties are incurred by a Participant with respect to such
excise tax (such excise tax, together with any such interest and penalties, are hereinafter collectively referred to as the “Excise Tax”), then the Company shall pay to such Participant (or to the Internal Revenue Service on behalf of
Participant) an additional payment (a “Gross-Up Payment”) in an amount such that after payment by such Participant of all taxes (including any Excise Tax) imposed upon the Gross-Up Payment, such Participant retains (or has had paid to the
Internal Revenue Service on his behalf) an amount of the Gross-Up Payment equal to the sum of (x) the Excise Tax imposed upon the Payments and (y) the product of any deductions disallowed because of the inclusion of the Gross-Up Payment in such
Participant’s adjusted gross income and the highest applicable marginal rate of federal income taxation for the calendar year in which the Gross-Up Payment is to be made. For purposes of determining the amount of the Gross-Up Payment, a
Participant shall be deemed (i) to pay federal income taxes at the highest marginal rates of federal income taxation for the calendar year in which the Gross-Up Payment is to be made, (ii) to pay applicable state and local income taxes at the
highest marginal rate of taxation for the calendar year in which the Gross-Up Payment is to be made, net of the maximum reduction in federal income taxes which could be obtained from deduction of such state and local taxes and (iii) to have
otherwise allowable deductions for federal income tax purposes at least equal to the Gross-Up Payment. 
  
 B. Subject to the provisions of Section V(a), all determinations required to be made under this Section V, including whether and when a Gross-Up Payment
is required, the amount of such Gross-Up Payment, and the assumptions to be utilized in arriving at such determinations, shall be made by the public accounting firm that is retained by the Company as of the date immediately prior to the Change of
Control (the “Accounting Firm”) which shall provide detailed supporting calculations both to the Company and the Participant within fifteen (15) business days of the receipt of notice from the Company or Participant that there has been a
Payment, or such earlier time as is requested by the Company (collectively, the “Determination”). In the event that the Accounting Firm is serving as accountant or auditor for the individual, entity or group effecting the Change of
Control, the Participant may appoint another nationally recognized public accounting firm to make the determinations required hereunder (which accounting firm shall then be referred to as the Accounting Firm hereunder). 

  

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All fees and expenses of the Accounting Firm shall be borne solely by the Company and the Company shall enter into any agreement reasonably requested by the
Accounting Firm in connection with the performance of the services hereunder. The Gross-Up Payment under this Section V with respect to any Payments shall be made no later than thirty (30) days following such Payment. If the Accounting Firm
determines that no Excise Tax is payable by the Participant, it shall furnish the Participant with a written opinion to such effect, and to the effect that failure to report the Excise Tax, if any, on the Participant’s applicable federal income
tax return will not result in the imposition of a negligence or similar penalty. The Determination by the Accounting Firm shall be binding upon the Company and Participant. As a result of the uncertainty in the application of Section 4999 of the
Code at the time of the Determination, it is possible that Gross-Up Payments which will not have been made by the Company should have been made (“Underpayment”) or Gross-Up Payments are made by the Company which should not have been made
(“Overpayment”), consistent with the calculations required to be made hereunder. In the event that the Participant thereafter is required to make payment of any Excise Tax or additional Excise Tax, the Accounting Firm shall determine the
amount of the Underpayment that has occurred and any such Underpayment (together with interest at the rate provided in Section 1274(b)(2)(B) of the Code) shall be promptly paid by the Company to or for the benefit of the Participant. In the event
the amount of the Gross-Up Payment exceeds the amount necessary to reimburse the Participant for his Excise Tax, the Accounting Firm shall determine the amount of the Overpayment that has been made and any such Overpayment (together with interest at
the rate provided in Section 1274(b)(2) of the Code) shall be promptly paid by the Participant (to the extent he has received a refund if the applicable Excise Tax has been paid to the Internal Revenue Service) to or for the benefit of the Company.

  
 Section VI. Payment of Benefits. 
  
 Unless the Plan Administrator determines otherwise, all severance payments
hereunder shall be paid in a single lump sum at, or as soon as practicable after, the Participant’s termination of employment. 
  
 Section VII. Continuation of Welfare Plan Coverage. 
  
 In the event of a Participant’s voluntary termination for Good Reason or his or her involuntary termination by the Company other than a termination
for Cause, such Participant will be entitled, upon payment of any premiums or co-payments theretofore required for such 

  

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coverage, to continue all life, accident and health coverage, on the same basis as in effect on the date he or she terminated employment, for a period of 24
months from the date of termination (36 months in the case of the Chief Executive Officer), provided that, to the extent permitted by law, such coverage may be terminated at the discretion of the Plan Administrator in the event the Participant
obtains at least equal alternate coverage. 
  
 Section VIII. Financial Planning
Assistance. 
  
 The Company will reimburse a Participant for
all bills which the Plan Administrator determines are reasonably related to financial planning assistance and tax preparation, provided that such bills are incurred and evidence of payment by the Participant is submitted to the Plan Administrator
within one year after the date of termination. 
  
 Section IX. Reservation of
Right to Amend and Terminate. 
  
 The Company reserves the
right, whether in an individual case or more generally, by a majority of the Continuing Directors to amend, reduce or eliminate the Plan, in whole or in part, at any time and from time to time without notice, provided that no amendment to this Plan
shall be made for two years following the occurrence of a Change of Control if such amendment would reduce the benefits hereunder and no such amendment shall be effective if a Change of Control occurs within six months following such amendment.

  
 Section X. Relationship to Other Benefits. 
  
 No payment under the Plan shall be taken into account in determining any
payments, benefits, coverage levels or participation rates under any incentive compensation plan, any pension, retirement, profit sharing, group insurance, or other benefit plan of the Company; provided that, a Participant shall not be
entitled to receive the severance payment set forth in Section IV.B. of this Plan if such Participant becomes entitled to receive a comparable payment under the Company’s annual incentive program, whether pursuant to Sections 9.1 or 10.3 of the
Company’s 2002 Omnibus Incentive Plan (or any successor thereto) or pursuant to an employment agreement. 
  

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 Section XI. Administration. 
  
 Subject to Section V of the Plan, the Plan Administrator shall have full power and authority to interpret and carry out the
terms of the Plan, and to exercise discretion where necessary or appropriate in the interpretation and administration of the Plan, and prior to a Change of Control all decisions by the Plan Administrator shall be final and binding on all affected
parties. 
  
 Section XII. Expenses. 
  
 All expenses of administering the Plan shall be borne by the Company.

  
 Section XIII. Withholding. 
  
 The Company may withhold from any amounts payable hereunder such Federal,
state or local taxes as may be required to be withheld pursuant to any applicable law or regulation. 
  
 Section XIV. Governing Law. 
  
 This Plan and all rights and obligations hereunder shall be construed in accordance with and governed by the laws of the State of Delaware, without reference to the principles of conflict of laws. 
  

 - 10 -American Standard Companies Inc. Executive Supplemental Retirement Benefit

 Exhibit 10.2 
  
 AMERICAN STANDARD COMPANIES INC. 
  
 EXECUTIVE SUPPLEMENTAL RETIREMENT BENEFIT PROGRAM 
  
 Restated to include all amendments through 
 July 7, 2005 

 ARTICLE I 
  
 DEFINITIONS 
  
 For all purposes of the Program the following definitions shall apply, with words in the masculine gender including, where appropriate, the feminine gender: 

 
 Act means the Securities Exchange Act of 1934, as amended.

  
 Actuarial Equivalent means, with respect to any
monthly payments referred to in Article IV, the lump sum payment which is the present value as of the date of commencement of such monthly payments, determined using the following actuarial assumptions: 
  

	 	(a)	Mortality Table - 1983 Basic Group Annuity Mortality Table for males projected to 1988 with Scale H; and 

  

	 	(b)	Interest - the lesser of 

  

	 	(1)	120% of the annual interest rate used by the Pension Benefit Guaranty Corporation to value immediate annuities for plans terminating as of the date as of which the applicant’s
monthly pension payments would otherwise commence; and 

  

	 	(2)	the average yield of long-term U.S. Treasury bonds issued during the one month period ending one month before the date as of which the applicant’s monthly pension payments
would otherwise commence, as published in the Federal Reserve Bulletin under the heading “Composite Index: Over 10 Years (long-term),” such average yield to be rounded to the nearest .25%; 

  
 provided that, for purposes of calculating a lump sum payment to a Prior
Participant or his Surviving Spouse the interest rate applied to calculate that portion of such lump sum attributable to such Prior Participant’s Special Years of Service shall be multiplied by sixty and four-tenths percent (60.4%). 

 
 Average Monthly Earnings of a Participating Employee means his
total Compensation for the three (3) calendar Years of Service (or such lesser number of calendar years as may constitute his Years of Service) in his last ten (10) calendar Years of Service (including in such ten (10) calendar years the year in
which his Service is broken), during which his total Compensation was the highest, divided by thirty-six (36) (or such lesser number as may constitute the number of calendar months of his Years of Service). 
  
 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). 
  
 Board means the Board of Directors of the Corporation. 
  

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 Cause means a Participant’s (i) willful and continued failure substantially to perform his or
her duties with the Corporation or any Subsidiary (other than any such failure resulting from incapacity due to reasonably documented physical or mental illness), after a demand for substantial performance is delivered to such Participant by the
Chairman of the Board or officer of equivalent authority which specifically identifies the manner in which it is believed that such Participant has not substantially performed his or her duties, (ii) conviction of, or plea of nolo contendere to, a
felony, or (iii) the willful engaging by such Participant in gross misconduct materially and demonstrably injurious to the Corporation or any Subsidiary or to the trustworthiness or effectiveness of the Participant in the performance of his or her
duties. For purposes hereof, no act, or failure to act, on such Participant’s part shall be considered “willful” unless done, or omitted to be done, by him or her not in good faith and without reasonable belief that his or her action
or omission was in the best interest of the Corporation or a Subsidiary. Any act, or failure to act, based upon authority given pursuant to a resolution duly adopted by the Board or based upon the advice of counsel for the Corporation shall be
conclusively presumed to be done, or omitted to be done, by such Participant in good faith and in the best interest of the Corporation or such Subsidiary. 
  
 Change of Control shall mean the occurrence of any of the following events: 
  
 (a) any “person”, as such term is used in Section 13(d) of the Act (other than the Corporation, any Subsidiary or
any employee benefit plan maintained by the Corporation or any Subsidiary (or any trustee or other fiduciary thereof)) is or becomes the Beneficial Owner, directly or indirectly, of securities of the Corporation representing 20% or more of the
combined voting power of the Corporation’s then-outstanding securities, provided, however, that an acquisition of securities of the Corporation representing less than 25% of the combined voting power shall not constitute a Change of Control if,
prior to meeting the 20% threshold, the members of the Board who are not Employees unanimously adopt a resolution consenting to such acquisition by such Beneficial Owners; 
  
 (b) 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 Corporation 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; 
  
 (c) the consummation of any merger, consolidation, recapitalization or reorganization involving the Corporation, other than any such transaction
immediately following which the persons who were the Beneficial Owners of the outstanding voting securities of the Corporation immediately prior to such transaction are the Beneficial Owners of at least 55% 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 Corporation’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 

  

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acquisition of voting securities by an employee benefit plan of the Corporation, such surviving entity, any Subsidiary or any subsidiary of such surviving
entity; 
  
 (d) the sale of substantially all of the assets of
the Corporation to any person other than any Subsidiary or any entity in which the Beneficial Owners of the outstanding voting securities of the Corporation immediately prior to such sale are the Beneficial Owners of at least 55% 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 Corporation’s voting securities immediately prior to such transaction; or

  
 (e) the shareholders of the Corporation approve a plan of
complete liquidation or dissolution of the Corporation. 
  
 Code means the Internal Revenue Code of 1986, as amended. 
  
 Committee means the Committee constituted under Article III, Section 2 hereof. 
  
 Compensation means, for any calendar year, the total remuneration (other than remuneration that is not treated as “Compensation” under
and for purposes of the ESOP) for Service rendered by a Participating Employee during such year, including any annual incentive compensation awarded to him with respect to such year, without regard to the year in which such incentive compensation is
received; provided that Compensation shall include amounts deferred under the American Standard Companies Inc. Deferred Compensation Plan that would otherwise be treated as “Compensation” under and for purposes of the ESOP, and shall not
include any payments under the American Standard Companies Inc. Long-Term Incentive Compensation Plan. 
  
 Corporation means American Standard Companies Inc. and its successors and any predecessor corporation merged with or into, or any business acquired
by, American Standard Companies Inc. 
  
 Disability means
a Participating Employee’s inability, due to reasonably documented physical or mental illness, for more than six months to perform his duties with the Corporation or a Subsidiary Corporation on a full-time basis if, within 30 days after written
notice of termination has been given to such Participating Employee, he or she shall not have returned to the full-time performance of their duties. 
  
 Employee means an employee of the Corporation or a Subsidiary Corporation. 
  
 ESOP means the American Standard Companies Inc. Employee Stock Ownership Plan and any successor plan thereto.

  
 ESOP Offset means two (2) times the value, as of the
date when a Participating Employee’s Service is broken, of the Basic Company Contributions to his account under the ESOP. 
  

 4 

 Good Reason means any of the following: 
  
 (a) an adverse change in a Participating Employee’s status or position
as an executive of the Corporation, any adverse change in a Participating Employee’s status or position as an executive of the Corporation as a result of a material diminution in his or her duties or responsibilities or a relocation of a
Participating Employee’s principal place of employment to a location which is at least 30 miles further from such Participating Employee’s principal residence than his or her current location or the assignment to him or her of any duties
or responsibilities which are inconsistent with such status or position(s), or any removal of such Participating Employee from or any failure to reappoint or reelect him or her to such position(s) (except in connection with the termination of his or
her employment for Cause, Disability or retirement or as a result of death or by him or her other than for Good Reason); 
  
 (b) a reduction by the Corporation in such Participating Employee’s base salary; 
  
 (c) the taking of any action by the Corporation or a Subsidiary Company (including the elimination of a plan without
providing substitutes therefor or the reduction of his or her awards thereunder) that would substantially diminish the aggregate projected value of such Participating Employee’s awards under the Corporation’s or such Subsidiary
Company’s bonus and benefit plans in which the Participating Employee was participating at the time of the taking of such action; 
  
 (d) the taking of any action by the Corporation or a Subsidiary Company that would substantially diminish the aggregate value of the benefits provided to
the Participating Employee under the Corporation’s or such Subsidiary Company’s medical, health, accident, disability, life insurance, thrift and retirement plans in which the Participating Employee was participating at the time of the
taking of such action; 
  
 (e) any purported termination by the
Corporation of the Participating Employee’s employment that is not effected for Cause, provided that this shall not include termination of employment at age sixty-five pursuant to the Corporation’s mandatory retirement policy for Corporate
officers. 
  
 Notwithstanding the foregoing, a termination for
Good Reason shall not have occurred (a) if the Participating Employee consented in writing to the event giving rise to the Good Reason or (b) if the Participating Employee voluntarily terminates his or her employment more than ninety (90) days after
the occurrence of the event constituting Good Reason. 
  
 Other Post-Retirement Benefits means, with respect to a Participating Employee, his ESOP Offset, plus all amounts paid or payable to him or his Surviving Spouse under or with respect to the Retirement Plan (including any monthly
pension payable hereunder because it exceeds the maximum limitation on pension amounts imposed by Section 415 of the Code), the American Standard Profit Sharing Plan and any other non-governmental defined benefit or defined contribution employee
pension plan (except the Savings and Stock Ownership Plan of American Standard Inc. and Participating Subsidiary Companies and the American Standard Employee Stock Ownership Plan) to which the Corporation, any Subsidiary Company or any previous
employer of such Participating Employee had made contributions, provided that in calculating such amounts the following shall apply: 
  

	 	(a)	Any Other Post-Retirement Benefit which is offset under the terms of the Retirement Plan shall be offset under this Program; 

  

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	 	(b)	Such amounts shall include lump sum and installment distributions which, together with all Other Post Retirement Benefits, shall be expressed as an Actuarially Equivalent lifetime
annuity payable monthly. 

  

	 	(c)	Such amounts shall exclude benefits to the extent attributable to contributions made by such Participating Employee; and 

  

	 	(d)	Such amounts shall reflect reductions for early commencement of benefits, if any. 

  
 Participating Employee means any Employee who has been and so long as he remains an officer of the Corporation
elected as such by the Board. Effective July 7, 2005, individuals elected to the positions of Vice President & Controller or Vice President & Treasurer shall not be Participating Employees, provided, however, that any Employees holding such
positions as of such date shall continue to be Participating Employees so long as they continue in such positions and, in the event they no longer hold such positions, for so long as the Plan Administrator determines is appropriate. A Participating
Employee who loses status as an elected officer of the Corporation, but remains an Employee, may be allowed to continue as a Participating Employee for such period as the Plan Administrator deems appropriate under the circumstances. 
  
 Primary Social Security Benefit shall have the meaning ascribed to
that term in and by the Retirement Plan. In the event that the Participating Employee provides the Committee with the actual amount of his Social Security Benefit plus the amounts, if any, payable to such Employee under a foreign social insurance or
pension system (which is comparable in nature to the U.S. Social Security System) then the total of such amounts if less than the U.S. Primary Social Security Benefit as defined in the Retirement Plan shall be deemed the Participating
Employee’s Primary Social Security Benefit for the purposes of this Program. 
  
 Program means the Amended and Restated Executive Supplemental Retirement Benefit Program of American Standard Companies Inc., as set forth in this document and as amended from time to time. 
  
 Retirement Plan means the Retirement Plan of American Standard Inc.
and Participating Subsidiary Companies, as in effect immediately before the amendments thereto made as of June 30, 1988. 
  
 Service and Years of Service shall have the meanings ascribed to those terms in and by the ESOP, except as otherwise provided herein in the
context of a Change of Control. 
  
 Subsidiary Company
means any corporation whose outstanding voting stock is owned, directly or indirectly, by the Corporation or another Subsidiary Company. 
  
 Surviving Spouse means the person to whom a Participating Employee or former Participating Employee was legally married on the earlier of the date
of his retirement or death. 
  

 6 

 ARTICLE II 
  
 PURPOSE 
  
 The purpose of the Program is to further the achievement of corporate goals of the Corporation by providing improved retirement income as a component of executive compensation, by providing retirement income not
subject to the limits imposed on retirement plans qualified under Section 401(a) of the Code, and by assisting in recruiting and retaining senior executives. 
  

 7 

 ARTICLE III 
  
 AMENDMENT, CONTINUATION, ADMINISTRATION 
  
 Section 1 - Amendment and Continuation 
  
 The Board shall have the right to suspend or terminate the Program at any time and, at any time or from time to time, to amend its terms; provided, however, that no such
action shall effect a forfeiture or a reduction in the amount of any benefit under the Program that 
  

	 	(a)	an Employee who had been a Participating Employee for at least twelve (12) months prior to the month in which such action is authorized or 

  

	 	(b)	the Surviving Spouse of such an Employee 

  
 would otherwise have been entitled to receive if such Employee had died on, or retired as of the first of the month coinciding with or following, the effective date of
such action or, if later, the date of its authorization. Notwithstanding any such suspension, termination or amendment, the Corporation and Subsidiary Companies will at all times be free to establish other programs, similar or different, for the
benefit of any Employees. Notwithstanding anything contained herein to the contrary, no such suspension, termination or amendment shall be taken within two (2) years following a Change of Control that shall diminish the rights provided herein to any
Participating Employee, including, without limitation, benefit formulas, accrued benefits or service. 
  
 Section 2 - Administration 
  
 The Program
shall be administered by a committee of the Board (the “Committee”) which is appointed by the Board. No member of such Committee shall be eligible to participate in the Program. The Committee shall interpret the Program, establish
administrative policies, guidelines and rules and designate Participating Employees thereunder, and take any other action necessary or desirable for the proper operation of the Program. All such interpretations, policies, guidelines, rules,
designations and actions shall be final and binding upon the Corporation, all Subsidiary Companies, all Employees and all Participating Employees. 
  

 8 

 ARTICLE IV 
  
 ELIGIBILITY FOR AND AMOUNT OF BENEFITS 
  
 Section 1 - Upon Retirement at or After Age Sixty-five 
  
 Any Participating Employee who, after completing at least five (5) Years of Service, ceases to be an Employee on or after his sixty-fifth (65th) birthday shall receive
from the Corporation, no later than the thirtieth (30th) day of the month coincident with or immediately succeeding his sixty-fifth (65th) birthday (or the month in which he ceases to be an Employee, if later), a single lump sum payment which shall
be the Actuarial Equivalent of a monthly payment, commencing with such month and continuing for his lifetime, in an amount equal to the sum of (i) the excess of 
  

	 	(a)	four percent (4%) of his Average Monthly Earnings, multiplied by the number, not in excess of ten (10), of his Years of Service, plus 

  

	 	(b)	one percent (1%) of his Average Monthly Earnings, multiplied by the number of his Years of Service accumulated after his first ten (10) Years of Service (to a maximum of twenty
percent (20%) of such Average Monthly Earnings), over the sum of 

  

	 	(c)	such Participating Employee’s Other Post-Retirement Benefits, plus 

  

	 	(d)	his Primary Social Security Benefit; 

  
 and (ii) the monthly pension, if any, which is not payable to him from the Retirement Plan because of the maximum limitations on pension amounts imposed by Section 415 of
the Code. 
  
 Section 2 - Upon Employment Termination Before Age Sixty-five

  
 Any Participating Employee who ceases to be an Employee after completing at
least five (5) Years of Service, but before his sixty-fifth (65th) birthday shall receive from the Corporation, no later than the thirtieth (30th) day of the month designated in writing by such Participating Employee to the Committee (which month
shall not be earlier than the month immediately following his fifty-fifth (55th) birthday), a single lump sum payment which shall be the Actuarial Equivalent of a monthly payment, commencing with the month so designated by such Participating
Employee and continuing for his lifetime, in an amount equal to the product of the amounts determined in clauses (a), (b) and (c) below, with such result reduced by the amount in clauses (d) and (e) below and increased by the amount in clause (f)
below. 
  

	 	(a)	The monthly payment that such Participating Employee would have received computed under the below (i) and (ii), if he had remained an Employee (with no change in his Average Monthly
Earnings) until, and if he had retired on, his sixty-fifth (65th) birthday: 

  

	 	(i)	four percent (4%) of his Average Monthly Earnings, multiplied by the number, not in excess of ten (10), of his Years of Service, plus 

  

 9 

	 	(ii)	one percent (1%) of his Average Monthly Earnings, multiplied by the number of his Years of Service accumulated after his first ten (10) Years of Service (to a maximum of twenty
percent (20%) of such Average Monthly Earnings); 

  

	 	(b)	A fraction 

  

	 	(i)	the numerator of which is the number of his Years of Service, and 

  

	 	(ii)	the denominator of which is the number of Years of Service he would have accumulated if he had remained an Employee until his sixty-fifth (65th) birthday; 

 

	 	(c)	The percentage determined according to attained age (in years and completed months) on date of commencement of monthly payments, in accordance with the following table with values
for non-integral ages to be determined by interpolation: 

  

			
	 Attained Age on Date of
    Commencement

	  	Percentage

	 64
	  	.97
	 63
	  	.93
	 62
	  	.88
	 61
	  	.82
	 60
	  	.75
	 59
	  	.68
	 58
	  	.61
	 57
	  	.54
	 56
	  	.47
	 55 or younger
	  	.40

  

	 	(d)	Such Participating Employee’s Other Post-Retirement Benefits; 

  

	 	(e)	Such Participating Employee’s Primary Social Security Benefit, multiplied by clauses (b) and (c) above, or the Participating Employee’s actual Social Security Benefit (or
other comparable benefits), if so provided by the Participating Employee; 

  

	 	(f)	Such Participating Employee’s monthly pension, if any, reduced (if applicable) for early commencement, which is not payable to him from the Retirement Plan because of the
maximum limitations on pension amounts imposed by Section 415 of the Code. 

  
 Notwithstanding anything contained herein to the contrary, if such Participating Employee ceases to be an Employee due to the termination of his or her employment within two (2) years following a Change of Control by
the Corporation without Cause or by the Participating Employee for Good Reason, two (2) years shall be added to such Participating Employee’s age 

  

 10 

 
and service for purposes of the calculation of monthly payments (but not for purposes of calculating the Actuarial Equivalent of such payments) under this
Article IV. 
  
 Section 3 - Upon Death Before Retirement 
  
 If a Participating Employee is married, and has accumulated at least five (5) Years of
Service when he ceases to be an Employee due to his death, his Surviving Spouse shall receive from the Corporation, no later than the thirtieth (30th) day of the month immediately succeeding the month of his death, a single lump sum payment which
shall be the Actuarial Equivalent of a monthly payment, commencing with such succeeding month and continuing for the lifetime of such Surviving Spouse, in an amount equal to the product of the amounts determined in the below clauses (a), (b), (c)
and (d), with such result reduced by the amounts in the below clauses (e) and (f). 
  

	 	(a)	The monthly payment that the Participating Employee would have received computed under the below (i) and (ii), if he had remained an Employee (with no change in his Average Monthly
Earnings) until, and if he had retired on, his sixty-fifth (65th) birthday: 

  

	 	(i)	four percent (4%) of his Average Monthly Earnings, multiplied by the number, not in excess of ten (10), of his Years of Service, plus 

  

	 	(ii)	one percent (1%) of his Average Monthly Earnings, multiplied by the number of his Years of Service accumulated after his first ten (10) Years of Service (to a maximum of 20% of such
Average Monthly Earnings), 

  

	 	(b)	A fraction 

  

	 	(i)	the numerator of which is the number of his Years of Service, and 

  

	 	(ii)	the denominator of which is the number of Years of Service he would have accumulated if he had remained an Employee until his sixty-fifth (65th) birthday, 

 

	 	(c)	Fifty percent (50%), minus one percent (1%) for each full year by which the age of the Surviving Spouse is more than five (5) years lower than that of the Participating Employee,

  

	 	(d)	The percentage specified in clause (c) of Section 2 for the Participating Employee’s age at the time of his death, 

  

	 	(e)	The Participating Employee’s Other Post-Retirement Benefits, 

  

	 	(f)	The Participating Employee’s Primary Social Security Benefit, multiplied by clauses (b), (c), and (d) above. 

  

 11 

 Section 4 - Upon Death After Termination of Employment 
  
 If a Participating Employee described in Section 2 of this Article IV is married when he
dies after the termination of his employment but before his receipt of the lump sum payment to which he is entitled under said Section, his Surviving Spouse shall receive from the Corporation, no later than the thirtieth (30th) day of the month
immediately following the month of his death, a single lump sum payment which shall be the Actuarial Equivalent of the single lump sum payment that such Participating Employee would have received if the month that he designated for purposes of said
Section 2 had been the later of the month of his death and the month of his fifty-fifth (55th) birthday and if he had survived through such month, reduced by fifty percent (50%), minus one percent (1%) for each year by which the age of the Surviving
Spouse is more than five (5) years lower than that of the Participating Employee. 
  
 Section 5 - Service Requirement Waived Upon Change of Control 
  
 Notwithstanding anything contained herein to the contrary, each individual who is a Participating Employee at the time of a Change of Control shall be eligible for benefits calculated in accordance with Article IV whether or not such
Participating Employee has completed five years of Service. 
  

 12 

 ARTICLE V 
  
 FORFEITURES AND LIMITATIONS 
  
 Section 1 - Forfeiture of Benefits 
  
 If the Committee determines that any Participating Employee (or any recipient of a benefit under the Program who had been a Participating Employee) has, while or at any
time after he ceased to be an Employee, directly or indirectly engaged in any occupation in competition with, or has wrongfully disclosed trade secrets of or confidential information relating to, or has intentionally done any act materially harmful
to the interests of, the Corporation or any Subsidiary Company, the Committee may in its sole discretion terminate or annul the payment of such benefit.  
  

Section 2 - Inalienability of Benefits 
  
 No sale, transfer, anticipation, assignment, pledge or encumbrance of any kind, at law or in equity, of any benefit under this Program shall be permitted or recognized
under any circumstances, and no benefit under this Program shall be subject to attachment or other legal process. 
  
 Section 3 - Other Limitations 
  
 No benefit payable under the Program shall give rise to any offset or shall be included in any reduction pursuant to Article III or any other provision of the Retirement
Plan or have any similar effect on any other benefit payable under any other private benefit plan to which the Corporation or any Subsidiary Company shall have contributed. Otherwise, the Committee may from time to time determine whether the total
benefits payable to any individual under the Program and all other private benefit plans to which the Corporation or any Subsidiary Company shall have contributed shall be subject to any limitation as to amount other than as provided elsewhere in
the Program and/or in such other private plans, and, if so, shall determine the amount of such limitation. 
  

 13 

 Section 4 - Minimum Benefit 
  
 For any Participating Employee, the portion of his benefit payable under Section 1 or 2 of Article IV which is attributable to his Years of
Service and Average Monthly Earnings through December 31, 1993 shall not be less than a minimum, which shall be deemed fixed as of December 31, 1993 and shall be calculated on the basis of (x) a Primary Social Security Benefit determined for a
retirement occurring December 31, 1993, but increased by five percent (5%) per annum for each whole calendar year between December 31, 1993 and the actual date of retirement and (y) an ESOP offset determined as of December 31, 1993 and increased by
twenty percent (20%) per annum for each whole calendar year between December 31, 1993 and the actual date of retirement. This provision shall not apply, however, to calculation of the Actuarial Equivalent of the portion of a Participating
Employee’s benefit under Section 1 or 2 of Article VI attributable to Years of Service and Average Monthly Earnings through December 31, 1993. 
  

 14

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