Document:

EXHIBIT 4(I)

 EXHIBIT 4(i) 

FORM OF POLICY RIDER (RETIREMENT INCOME CHOICE 2.0) 

													
		 	 

	 		  		 		 		 	
		 	 		  		 	 Home Office:
	 		 	
		 	 	 	  	 	 		 	 	 	
		 	 	 	  		 	 4333 Edgewood Road N.E.
	 		 	
		 	 	 	  		 	 Cedar Rapids, Iowa 52499
	 		 	
		 	 	 	  		 	 (319)355-8511
	 		 	
		 	 A Stock Company (Hereafter called the Company, we, our or us)
	 	 	  		 	 www.transamerica.com
	 		 	
		 		 	 	  	 	 		 	 	 	

 [RETIREMENT INCOME CHOICESM]RIDER 

GUARANTEED LIFETIME WITHDRAWAL BENEFIT 

This rider is issued as a part of the policy to which it is attached. All provisions of the policy that do not conflict with this rider apply
to this rider. In the event of any conflict between the provisions of this rider and the provisions of the policy, the provisions of this rider shall prevail over the provisions of the policy. 

The purpose of the guaranteed living withdrawal benefit provided under this rider is to provide security through a stream of income
payments to the Owner. This rider will terminate upon assignment or a change in ownership of the policy unless the new assignee or Owner meets the qualifications specified in the Termination provision on page 6 of this rider. 

You may cancel this rider before midnight of the thirtieth calendar day after You receive it and no Rider Fees will be assessed. 

Rider Data Specification 
  

													
		 		 	 	 	 	  		 	 	  	
		 	 Policy Number:
	 	 	 		  	12345	 		  	
		 	 Rider Date:
	 	 	 		  	12/01/2014	 		  	
		 	 Growth Rate Percentage:
	 	 	 		  	5.50%	 		  	
				 		 	
		 	 Rider Fee Percentages*:
	 		 	 	  		 	 	  	
		 	 Designated Allocation Group A:
	 	 	 		  	1.45%	 		  	
		 	 Designated Allocation Group B:
	 	 	 		  	1.10%	 		  	
		 	 Designated Allocation Group C:
	 	 	 	 	  	0.70%	 		  	
		 		 		 	 	  		 	 	  	
		 	 Annuitant:
	 	 	 		  	John Doe	 		  	
			 				 
		 	 Annuitant’s Issue Age/Sex:
	 	 	 		  	35 / Male	 	 	  	
		 		 		 	 	  		 		  	

 *The rider fee percentage will not change during the first five Rider Years, and will only change thereafter
due to an automatic step-up. When an automatic step-up is utilized, the maximum Rider Fee would not be more than [0.75%] greater than the rider fee percentages shown above. The Rider Fee is also a maximum Rider Fee for the life of the rider, provided
there are no automatic step-ups. 
 Designated Allocations: If You elect this rider, 100% of Your Policy Value must be in one
or more of the Designated Investment Options. 
 You can generally transfer between the Designated Investment Options as permitted under
Your policy; however, You cannot make transfers as provided for in the policy to a non-designated investment option while this rider is in force. If You wish to make a transfer to a non-designated investment option, this rider must be terminated, as
described in Article IV, prior to making the transfer. You will be notified if there are any changes to the Designated Allocations. 

Guaranteed Lifetime Withdrawal Benefit: The withdrawal percentage is determined by the attained age and is used to determine the Rider
Withdrawal Amount as described in Article III. The withdrawal percentages are shown in the table below: 
  

																	
		 		  	  
 Attained Age
	 		  		 		 	 Withdrawal Percentage
  
	 		  	
	 	 	 	  	0  -   58	 	 	  	 	 	 	 	0.0%	 	 	  	
	 	 		  	59  -  64	 		  	 	 		 	4.0%	 		  	
	 	 		  	65  -   79	 		  	 	 		 	5.0%	 		  	
	 	 	 	  	80  +	 	 	  	 	 	 	 	6.0%	 	 	  	

  

  

					
	ICC14 RGMB480515(IS)	  	(1)	  	(Income-Single)

 ARTICLE I 

DEFINITIONS: 
 Terms used that are not defined in this
rider shall have the same meaning as those in Your policy. 
 Designated Investment Options 

Investment Options authorized for use with this rider and identified by us as Designated Investment Options. 

Excess Withdrawal 
 The excess of a Gross Partial
Withdrawal over the Rider Withdrawal Amount remaining prior to the withdrawal, if any. 
 Gross Partial Withdrawal 

The amount which will be deducted from Your Policy Value as a result of each partial withdrawal. 

Rider Anniversary 
 The anniversary of the rider date.

 Rider Fee 
 The fees charged for the benefits under
this rider. The fees will be charged on a rider quarterly basis by the Company. 
 Rider Monthiversary 

The same day of the month as the rider date, or the next business day if our Administrative Office or the New York Stock Exchange are closed.
If a certain date does not exist in a given month, the first day of the following month will be used. 
 Rider Quarter 

Each three-month period beginning on the rider date. 
 Rider
Withdrawal Amount 
 The maximum amount that can be withdrawn from the policy each Rider Year without causing an Excess Withdrawal under
the terms of this rider and thus reducing the Withdrawal Base. This amount will change if the Withdrawal Base changes. 
 Rider Year 

Each twelve-month period following the rider date. 

Withdrawal Base 
 The amount used
to calculate the Rider Withdrawal Amount and the Rider Fee. This amount cannot be taken as a surrender and is not payable as a death benefit. 

  

					
	ICC14 RGMB480515(IS)	  	(2)	  	(Income-Single)

 ARTICLE II 

RIDER FEES 
 The Rider Fee is deducted on
each Rider Quarter in arrears. The fee is calculated and stored at issue and at each subsequent Rider Quarter for the upcoming quarter. The rider fee percentage will not change during the first five Rider Years, and will only change thereafter due
to an automatic step-up. You will be notified of any increase in the rider fee percentage. A portion of this fee will also be deducted when the rider is terminated based on the number of days that have elapsed since the previous Rider Quarter. 

The stored fee will be adjusted for new deposits, transfers among Designated Investment Options and Excess Withdrawals made during the Rider
Quarter. 
 Fees will be calculated and stored on the day the rider is issued and at the beginning of each Rider Quarter. They will be
deducted automatically from each Investment Option on a pro rata basis at the end of each Rider Quarter. The annual fee percentages for each designated allocation group are shown on page 1, in the Rider Data Specification section. 

The quarterly fee is calculated as follows: 
 Multiply
(1) by (2) divided by (3) multiplied by (4). 
  

	1)	 Withdrawal Base; 

	2)	 Sum of each designated allocation group rider fee percentage multiplied by the applicable designated allocation group value; 

	3)	 Total Policy Value; 

	4)	 Number of days remaining in the Rider Quarter divided by the number of days within the applicable Rider Year. 

Please see the Appendix attached to this rider which illustrates how the Rider Fee is calculated. 

ARTICLE III 
 GUARANTEED LIFETIME WITHDRAWAL
BENEFIT 
 Under this rider, we guarantee that You can receive up to the Rider Withdrawal Amount each Rider Year, regardless of the
Policy Value, (first as withdrawals from Your Policy Value and, if necessary, as payments from us) until the Annuitant’s death. 
 The
withdrawal percentage is determined by the attained age (age at last birthday) of the Annuitant at the time of the first withdrawal of any amount from the Policy Value taken on or after the Rider Anniversary following the Annuitant’s [59th] birthday. Once the withdrawal percentage is established, it may only be changed by an upgrade or automatic step-up and redetermined at that time. Upon automatic step-up, the withdrawal percentage
will be reset based on the attained age at the time of the automatic step-up. The withdrawal percentages are shown in the table in the Rider Data Specification section. 

If the Annuitant is not yet [59] on the Rider Date, the withdrawal percentage will be zero until
the Rider Anniversary following the Annuitant’s [59th] birthday. Withdrawals prior to age 59 1/2 will be subject to the IRS 10% early withdrawal penalty. 

Withdrawals will reduce the Policy Value and death benefit of the policy to which this rider is attached. If the Policy Value equals zero, You
cannot make subsequent Premium Payments and all other policy features, benefits and guarantees are no longer available. Also, if the Policy Value equals zero, You will need to request payments by selecting the amount and frequency in accordance with
the policy provisions to which this rider attaches, equal to the Rider Withdrawal Amount. Once the payment amount and frequency are established, they cannot be changed and no additional withdrawals will be allowed. 

  

					
	ICC14 RGMB480515(IS)	  	(3)	  	(Income-Single)

 ARTICLE III CONTINUED 

ISSUE AGE AND SURVIVAL 
 The benefits
under this rider depend on the Annuitant being alive at the time of withdrawal and the amount of the benefit depends on the issue age of the Annuitant. Proof of survival and the issue ages may be required by the Company. 

If the Annuitant’s age has been misstated, this rider’s fees and benefits will be adjusted to the amounts which would have been
calculated for the correct age. However, if this rider would not have been issued had the age not been misstated, the rider is treated as if it never existed, and any fees charged for this rider would be returned. If withdrawals under the provisions
of the rider have already commenced and the misstatement caused the Rider Withdrawal Amount to be overstated, any withdrawal in excess of the correct Rider Withdrawal Amount will be considered an Excess Withdrawal and will impact the Withdrawal Base
and Rider Withdrawal Amount. If overpayments occurred when the sum of the accumulated values in all the Investment Options was zero, the amount of that overpayment will be deducted from one or more future payments until this amount is paid in full.

 RIDER WITHDRAWAL AMOUNT 
 The Rider
Withdrawal Amount will be equal to the greater of 1) and 2), where: 
  

	1)	 is the withdrawal percentage multiplied by the Withdrawal Base; 

	2)	 is an amount equal to the minimum required distribution amount, if any. Prior to the 1st Rider Anniversary, this amount is based on the initial
Policy Value on the rider date. After this time, the minimum required distribution is calculated based on the rules established by the IRS. The minimum required distribution may only be used if all of the following are true: 

	 	A)	 the policy to which this rider is attached is a tax-qualified policy for which IRS minimum required distributions are required,

	 	B)	 the minimum required distributions do not start prior to the Annuitant’s attained age 70 1/2, 

	 	C)	 the minimum required distributions are based on either the Uniform Lifetime table or the Joint Life and Last Survivor Expectancy table,

	 	D)	 the minimum required distributions are based on age of the living Annuitant. The minimum required distributions can not be based on the age of
someone who is deceased, 

	 	E)	 the minimum required distributions are based only on the policy to which this rider is attached, and 

	 	F)	 the minimum required distributions are only for the current Rider Year. Amounts carried over from past Rider Years are not considered.

 If any of the above are not true, then 2) is equal to zero and it is not available as a Rider Withdrawal Amount. 

If You withdraw less than the Rider Withdrawal Amount in a Rider Year, the unused portion cannot be carried over to the next Rider Year. 

Surrender charges may apply if Your Rider Withdrawal Amount exceeds Your surrender charge-free amount. 

WITHDRAWAL BASE 
 The Withdrawal Base is
used to calculate the Rider Withdrawal Amount. On the rider date, the initial Withdrawal Base is equal to the Policy Value (less any applicable premium enhancements if the rider is added in the first Policy Year). During any Rider Year, the
Withdrawal Base is increased by subsequent Premium Payments (not including premium enhancements, if any), and is reduced for Excess Withdrawals. 
 On each
Rider Anniversary, the Withdrawal Base will be set to the greatest of: 
  

	 	1)	 The current Withdrawal Base; 

	 	2)	 The Policy Value on the Rider Anniversary; 

	 	3)	 The highest Policy Value on a Rider [Monthiversary] for the current Rider
Year; and 

	 	4)	 The current Withdrawal Base immediately prior to Rider Anniversary processing increased by the growth rate percentage. 

Item 3) above will be zero if there have been any Excess Withdrawals in the current Rider Year. Item 4) above will be zero after the
[10th] Rider Anniversary or if there have been any withdrawals in the current Rider Year. 

  

					
	ICC14 RGMB480515(IS)	  	(4)	  	(Income-Single)

 ARTICLE III CONTINUED 

AUTOMATIC STEP-UP FEATURE 
 The rider
receives an automatic step-up on the Rider Anniversary if the Withdrawal Base is set equal to the Policy Value or the highest Policy Value on a Rider [Monthiversary.] This feature does not require the termination of
the existing rider. This rider will continue with the same rider date and features. The Rider Fee and withdrawal percentages may be changed due to an automatic step-up, but there will be no increase in the rider fee percentage during the first
[five] Rider Years. Following the [fifth] Rider Anniversary, the rider fee percentage may be increased if there is an automatic step-up, but will not exceed the maximum
rider fee percentages described in the Rider Data Specification section. 
 You have the right to reject an automatic step-up within [30] days
 following a Rider Anniversary, if the rider fee percentage increases. If You reject an automatic step-up, You must notify us in a manner which is acceptable to us, however You are eligible for future automatic step-ups. Changes as a result of the
automatic step-up feature will be reversed. Any increase in the Rider Fee or withdrawal percentages will also be reversed. 
 WITHDRAWAL BASE
ADJUSTMENTS 
 Gross Partial Withdrawals, taken in a Rider Year, less than or equal to the Rider Withdrawal Amount will not reduce the
Withdrawal Base. Excess Withdrawals will reduce the Withdrawal Base by the withdrawal base adjustment which may be more than the dollar amount of the Excess Withdrawal. The withdrawal base adjustment is the greater of 1) and 2), where: 

 

	1)	 is the Excess Withdrawal amount; and 

	2)	 is the result of (A multiplied by B), divided by C, where: 

 

	 	A)	 is the Excess Withdrawal; 

	 	B)	 is the Withdrawal Base prior to the Excess Withdrawal amount; and 

	 	C)	 is the Policy Value after the Rider Withdrawal Amount has been withdrawn, but prior to the withdrawal of the Excess Withdrawal amount.

 ARTICLE IV 

CONTINUATION 
 In the case of spousal
joint Owners where one spouse is the Annuitant, if the spouse who is not the Annuitant dies and the surviving spouse is the sole beneficiary, the rider continues with the same rider values. In the case of spousal joint Owners where one spouse is the
Annuitant, if the spouse who is the Annuitant dies, this rider will terminate. 
 In the case of non-spousal joint Owners where an Owner who
is not the Annuitant dies, the surviving Owner (who is also the sole designated beneficiary) may elect to receive lifetime income payments under this rider instead of receiving any benefits applicable to the policy. The lifetime income payments must
begin no later than 1 year after the Owner’s death and will be equal to the Rider Withdrawal Amount divided by the number of payments made per year. Once the payments begin, no additional Premium Payments will be accepted and no additional
withdrawals will be paid. 
 ANNUITIZATION 

On the maximum Annuity Commencement Date, as described in Your policy, You will have the option to receive lifetime income payments that are
no less than Your Rider Withdrawal Amount each year. This option will also guarantee that the sum of all income payments received over time will equal or exceed the Policy Value on the maximum Annuity Commencement Date. If the Annuitant should die
before the sum of all income payments received equals or exceeds the Policy Value on the maximum Annuity Commencement Date, the Annuitant’s beneficiary will receive a final payment equal to the difference. 

  

					
	ICC14 RGMB480515(IS)	  	(5)	  	(Income-Single)

 RIDER UPGRADE 

You may elect, in writing, to upgrade the Withdrawal Base to the Policy Value within
[30] days after the [fifth] Rider Anniversary and every [fifth] Rider Anniversary thereafter, subject to the issue age
restrictions on the new rider. If an upgrade is selected, this rider will terminate and a new rider with the same features will be issued with a new rider date. The new rider will have its own growth rate percentage and rider fee percentages which
may not be the same as this rider’s percentages. 
 At the time of upgrade, the Rider Withdrawal Amount will be recalculated based on the new
Withdrawal Base. 
 The new rider date will be the date the Company receives all information necessary, at our Home Office, in a written
form acceptable to the Company, to process the upgrade. 
 TERMINATION 

This rider will terminate upon the earliest of: 
  

	1)	 the date the policy to which this rider is attached terminates; 

	2)	 the date the policy to which this rider is attached is assigned or if the Owner is changed without our approval; 

	3)	 the date of the Annuitant’s death; 

	4)	 the date You elect to upgrade (as described in Article IV of this rider); 

	5)	 the date You elect to receive annuity payments under Your policy; 

	6)	 the date You notify us in writing of Your intention to terminate this rider (this date must be within [30] days after the [fifth] Rider Anniversary and every [fifth] Rider
Anniversary thereafter); and 

	7)	 the date any of Your Policy Value is not invested in one of the Designated Investment Options. 

Termination of the rider will result in the loss of all benefits provided by the rider. After termination, rider fees will no longer be
assessed. 
 REPORTS TO OWNER 
 We will
give You a report at least once each Policy Year. Before You are eligible to receive the Rider Withdrawal Amount, the report will direct You to contact the Company for information regarding Your Rider Withdrawal Amount. After You are eligible for
Your Rider Withdrawal Amount, this amount will be included in the report. 
 Signed for us at our home office. 

 

			
	 

	  	 

	SECRETARY	  	PRESIDENT

  

					
	ICC14 RGMB480515(IS)	  	(6)	  	(Income-Single)

 APPENDIX 

The quarterly fee is calculated as follows: 

Multiply (1) by (2) divided by (3) multiplied by (4) where: 

1) Withdrawal Base 
 2) Sum of each designated
allocation group rider fee percentage multiplied by the applicable designated allocation group value 
 3) Total policy value 

4) Number of days in the rider quarter divided by the number of days within the applicable rider year 

The fee adjustment for additional premium payments and excess withdrawals is calculated as follows: Multiply (1) by (2) divided by
(3) multiplied by (4) where: 
  

	1)	 Withdrawal base change (i.e. withdrawal base after the transaction minus the withdrawal base before the transaction) 

	2)	 Sum of each designated allocation group rider fee percentage multiplied by the applicable designated allocation group transaction amount

	3)	 Total transaction amount 

	4)	 Number of days remaining in the rider quarter divided by the number of days within the applicable rider year 

The fee adjustment for fund transfers is calculated as follows: 

Multiply (1) by (2) divided by (3) multiplied by (4) where: 

 

	1)	 Withdrawal base 

	2)	 Sum of each designated allocation group rider fee percentage multiplied by the applicable designated allocation group transaction amount

	3)	 Total policy value 

	4)	 Number of days remaining in the rider quarter divided by the number of days within the applicable rider year 

The following two examples use assumed fees and values listed in the table below. The assumed rider year is not a leap year. 

 

													
	 Designated

Allocation Group
	 	Fee	 	 	Initial
Policy Value	 	  	Additional Premium
Used in Example 2	 
	Group A	 	 	2.50	% 	 	$	50,000	  	  	$	5,000	  
	Group B	 	 	2.40	% 	 	$	30,000	  	  	$	3,000	  
	Group C	 	 	2.30	% 	 	$	20,000	  	  	$	2,000	  

 Example 1: Calculation at rider issue for first quarter fee assuming an initial withdrawal base of $100,000. 

= 100,000 * [(50,000*0.0250) + (30,000*0.0240) + (20,000*0.0230)] / 100,000 * (91/365) 

= 100,000 * (1,250 + 720 + 460) / 100,000 * (91/365) 

= 100,000 * 2,430/100,000 * (91/365) 

= 2,430 * (91/365) 

= $605.84 

Example 2: Calculation for first quarter fee assuming initial withdrawal base from Example 1 above, plus adjustment for additional
premium payment of $10,000 made with 20 days remaining in the first rider quarter (invested as shown above). The withdrawal base change and total transaction amount equal $10,000. 

Fee adjustment as follows: 
 =
10,000 * [(5,000*0.0250) + (3,000*0.0240) + (2,000*0.0230)] / 10,000 * (20/365) 
 = 10,000 * (125 + 72 + 46) / 10,000 *
(20/365) 
 = 10,000 * 243/10,000 * (20/365) 

= 243 * (20/365) 

= $13.32 
 Total fee assessed at
end of first rider quarter (assuming no further rider fee adjustments): 
 = 13.32 + 605.84 

= $619.16 

  

					
	ICC14 RGMB480515(IS)	  	(A-1)	  	(Income-Single)

 The following three examples use assumed fees and values listed in the table below. The assumed
rider year is not a leap year. 
  

																	
	 Designated

Allocation Group
	 	Fee	 	 	Policy Value	 	  	Partial Withdrawal
Used in Example 4	 	  	Fund Transfer
Used in Example 5	 
	 Group A
	 	 	2.50	% 	 	$	49,000	  	  	$	-5,000	  	  	$	-5,000	  
	 Group B
	 	 	2.40	% 	 	$	29,000	  	  	$	-3,000	  	  	$	3,000	  
	 Group C
	 	 	2.30	% 	 	$	19,000	  	  	$	-2,000	  	  	$	2,000	  

 Example 3: Calculation for second quarter fee at beginning of second rider quarter, assuming withdrawal
base of $110,000 and policy value of $97,000 invested as above. 
 = 110,000 * [(49,000*0.0250) + (29,000*0.0240) +
(19,000*0.0230)] / 97,000 * (91/365) 
 = 110,000 * (1,225 + 696 + 437) / 97,000 * (91/365) 

= 110,000 * 2,358/97,000 * (91/365) 

= 2,674.02 * (91/365) 

= $666.67 

Example 4: Calculation for second quarter fee assuming beginning values as in Example 3 above, plus adjustment for partial withdrawal
of $10,000 taken with 40 days remaining in the second rider quarter. Assumes withdrawal percentage of 5%, policy value of $97,000 prior to the transaction and change in withdrawal base as follows: 

Rider Withdrawal Amount (RWA) = Withdrawal Base * Withdrawal Percentage = 110,000 * .05 = $5,500 

Excess Withdrawal = Difference between assumed withdrawal amount and RWA = 10,000 - 5,500 = $4,500 

Withdrawal Base Adjustment = Max (Excess Withdrawal, Excess Withdrawal * Withdrawal Base prior to withdrawal / Policy Value after RWA has been
withdrawn but before excess withdrawal) = Max [4,500, 4,500 * 110,000 / (97,000-5,500)] = Max (4,500, 5,409.84) = $5,409.84 
 Fee
adjustment as follows: 
 = -5,409.84 * [(5,000*0.0250) + (3,000*0.0240) + (2,000*0.0230)] / 10,000 * (40/365) 

= -5,409.84 * (125 + 72 + 46) / 10,000 * (40/365) 

= -5,409.84 * 243/10,000 * (40/365) 

= -131.46 * (40/365)

= $-14.41 
 Total fee assessed at
end of second rider quarter (assuming no further rider fee adjustments): 
 = 666.67 - 14.41 

= $652.26 
 The new Withdrawal
Base = $110,000 - $5,409.84 = $104,590.16 
 Example 5: Calculation for fund transfer occurring during second quarter with 25 days
remaining in the rider quarter, assuming beginning values as in Example 3 and withdrawal adjustment as in Example 4 above. 
 Withdrawal
Base = $104,590.16 and assumed policy value of $90,000. Fund transfer amount of $5,000 as allocated in table above. 
 Fee adjustment as
follows: 
 = 104,590.16 * [(-5,000*0.0250) + (3,000*0.0240) + (2,000*0.0230)] / 90,000 * (25/365) 

= 104,590.16 * (-125 + 72 + 46) / 90,000 * (25/365) 

= 104,590.16 * -7/90,000 * (25/365) 

= -8.13 * (25/365)

= $-0.56 
 Total fee assessed at
end of second rider quarter (assuming no further rider fee adjustments): 
 = 652.26 - 0.56 

= $651.70 

  

					
	ICC14 RGMB480515(IS)	  	(A-2)	  	(Income-Single)

													
		 	 

	 		  		 		 		 	
		 	 		  		 	 Home Office:
	 		 	
		 	 	 	  	 	 		 	 	 	
		 	 	 	  		 	 4333 Edgewood Road N.E.
	 		 	
		 	 	 	  		 	 Cedar Rapids, Iowa 52499
	 		 	
		 	 	 	  		 	 (319)355-8511
	 		 	
		 	 A Stock Company (Hereafter called the Company, we, our or us)
	 	 	  		 	 www.transamerica.com
	 		 	
		 		 	 	  	 	 		 	 	 	

 [RETIREMENT INCOME CHOICESM]RIDER
 
 GUARANTEED LIFETIME WITHDRAWAL BENEFIT 

This rider is issued as a part of the policy to which it is attached. All provisions of the policy that do not conflict with this rider apply
to this rider. In the event of any conflict between the provisions of this rider and the provisions of the policy, the provisions of this rider shall prevail over the provisions of the policy. 

The purpose of the guaranteed living withdrawal benefit provided under this rider is to provide security through a stream of income
payments to the Owner. This rider will terminate upon assignment or a change in ownership of the policy unless the new assignee or Owner meets the qualifications specified in the Termination provision on page 6 of this rider. 

You may cancel this rider before midnight of the thirtieth calendar day after You receive it and no Rider Fees will be assessed. 

Rider Data Specification 
  

													
		 		 	 	 	 	  		 	 	  	
		 	 Policy Number:
	 	 	 		  	12345	 		  	
		 	 Rider Date:
	 	 	 		  	12/01/2014	 		  	
		 	 Growth Rate Percentage:
	 	 	 		  	5.50%	 		  	
				 		 	
		 	 Rider Fee Percentages*:
	 		 	 	  		 	 	  	
		 	 Designated Allocation Group A:
	 	 	 		  	1.45%	 		  	
		 	 Designated Allocation Group B:
	 	 	 		  	1.10%	 		  	
		 	 Designated Allocation Group C:
	 	 	 	 	  	0.70%	 		  	
		 		 		 	 	  		 	 	  	
		 	 Annuitant:
	 	 	 		  	John Doe	 		  	
			 				 
		 	 Annuitant’s Issue Age/Sex:
	 	 	 		  	35 / Male	 		  	
		 	 Annuitant’s Spouse:
	 	 	 		  	Jane Doe	 		  	
		 	 Annuitant’s Spouse’s Issue Age/Sex:
	 	 	 		  	35 / Female	 	 	  	
		 		 		 	 	  		 		  	

 *The rider fee percentage will not change during the first five Rider Years, and will only change thereafter
due to an automatic step-up. When an automatic step-up is utilized, the maximum Rider Fee would not be more than [0.75%] greater than the rider fee percentages shown above. The Rider Fee is also a maximum Rider Fee for the life of the rider, provided
there are no automatic step-ups. 
 Designated Allocations: If You elect this rider, 100% of your Policy Value must be in one
or more of the Designated Investment Options. 
 You can generally transfer between the Designated Investment Options as permitted under
Your policy; however, You cannot make transfers as provided for in the policy to a non-designated investment option while this rider is in force. If You wish to make a transfer to a non-designated investment option, this rider must be terminated, as
described in Article IV, prior to making the transfer. You will be notified if there are any changes to the Designated Allocations. 

  

					
	ICC14 RGMB480515(IJ)	  	(1)	  	(Income-Joint)

 RIDER DATA SPECIFICATION CONTINUED 

Guaranteed Lifetime Withdrawal Benefit: The withdrawal percentage is determined by the attained age and is used to determine the Rider
Withdrawal Amount as described in Article III. The withdrawal percentages are shown in the table below: 
  

																	
		 		  	  
 Attained Age
	 		  		 		 	 Withdrawal Percentage
  
	 		  	
	 	 	 	  	0  -   58	 	 	  	 	 	 	 	0.0%	 	 	  	
	 	 		  	59  -  64	 		  	 	 		 	3.75%	 		  	
	 	 		  	65  -   79	 		  	 	 		 	4.75%	 		  	
	 	 	 	  	80  +	 	 	  	 	 	 	 	5.75%	 	 	  	

 ARTICLE I 

The Annuitant’s spouse as of the rider date is hereafter referred to as the Annuitant’s spouse. As it pertains to the benefits of
this rider, the Annuitant’s spouse cannot be changed. The Annuitant’s spouse must be the sole primary beneficiary and/or a joint Owner. The only living Owners allowed on the policy to which this rider is attached are the Annuitant and the
Annuitant’s spouse. 
 DEFINITIONS: 
 Terms used
that are not defined in this rider shall have the same meaning as those in Your policy. 
 Designated Investment Options 

Investment Options authorized for use with this rider and identified by us as Designated Investment Options. 

Excess Withdrawal 
 The excess of a Gross Partial
Withdrawal over the Rider Withdrawal Amount remaining prior to the withdrawal, if any. 
 Gross Partial Withdrawal 

The amount which will be deducted from Your Policy Value as a result of each partial withdrawal. 

Rider Anniversary 
 The anniversary of the rider date.

 Rider Fee 
 The fees charged for the benefits under
this rider. The fees will be charged on a rider quarterly basis by the Company. 
 Rider Monthiversary 

The same day of the month as the rider date, or the next business day if our Administrative Office or the New York Stock Exchange are closed.
If a certain date does not exist in a given month, the first day of the following month will be used. 
 Rider Quarter 

Each three-month period beginning on the rider date. 
 Rider
Withdrawal Amount 
 The maximum amount that can be withdrawn from the policy each Rider Year without causing an Excess Withdrawal under
the terms of this rider and thus reducing the Withdrawal Base. This amount will change if the Withdrawal Base changes. 
 Rider Year 

Each twelve-month period following the rider date. 

Withdrawal Base 
 The amount used
to calculate the Rider Withdrawal Amount and the Rider Fee. This amount cannot be taken as a surrender and is not payable as a death benefit. 

  

					
	ICC14 RGMB480515(IJ)	  	(2)	  	(Income-Joint)

 ARTICLE II 

RIDER FEES 
 The Rider Fee is deducted on
each Rider Quarter in arrears. The fee is calculated and stored at issue and at each subsequent Rider Quarter for the upcoming quarter. The rider fee percentage will not change during the first five Rider Years, and will only change thereafter due
to an automatic step-up. You will be notified of any increase in the rider fee percentage. A portion of this fee will also be deducted when the rider is terminated based on the number of days that have elapsed since the previous Rider Quarter. 

The stored fee will be adjusted for new deposits, transfers among Designated Investment Options and Excess Withdrawals made during the Rider
Quarter. 
 Fees will be calculated and stored on the day the rider is issued and at the beginning of each Rider Quarter. They will be
deducted automatically from each Investment Option on a pro rata basis at the end of each Rider Quarter. The annual fee percentages for each designated allocation group are shown on page 1, in the Rider Data Specification section. 

The quarterly fee is calculated as follows: 
 Multiply
(1) by (2) divided by (3) multiplied by (4). 
  

	1)	 Withdrawal Base; 

	2)	 Sum of each designated allocation group rider fee percentage multiplied by the applicable designated allocation group value; 

	3)	 Total Policy Value; 

	4)	 Number of days remaining in the Rider Quarter divided by the number of days within the applicable Rider Year. 

Please see the Appendix attached to this rider which illustrates how the Rider Fee is calculated. 

ARTICLE III 
 GUARANTEED LIFETIME WITHDRAWAL
BENEFIT 
 Under this rider, we guarantee that You can receive up to the Rider Withdrawal Amount each Rider Year, regardless of the
Policy Value, (first as withdrawals from Your Policy Value and, if necessary, as payments from us) until the Annuitant’s or the Annuitant’s spouse’s death, whichever is later. 

The withdrawal percentage is determined by the attained age (age at last birthday) of the younger of the living spouses at the time of the
first withdrawal of any amount from the Policy Value taken on or after the Rider Anniversary following the younger of the living spouse’s [59th] birthday. Once the withdrawal percentage is established, it
may only be changed by an upgrade or automatic step-up and redetermined at that time. Upon automatic step-up, the withdrawal percentage will be reset based on the attained age of the younger of the living spouses at the time of the automatic
step-up. The withdrawal percentages are shown in the table in the Rider Data Specification section. 
 If the younger of the
Annuitant and the Annuitant’s spouse is not yet
[59] on the rider date, the withdrawal percentage will be zero until the Rider Anniversary following the younger of the living spouse’s [59th] birthday. Withdrawals prior to age 59 1/2 will be subject to the IRS 10% early withdrawal penalty. 

Withdrawals will reduce the Policy Value and death benefit of the policy to which this rider is attached. If the Policy Value equals zero, You
cannot make subsequent Premium Payments and all other policy features, benefits and guarantees are no longer available. Also, if the Policy Value equals zero, You will need to request payments by selecting the amount and frequency in accordance with
the policy provisions to which this rider attaches, equal to the Rider Withdrawal Amount. Once the payment amount and frequency are established, they cannot be changed and no additional withdrawals will be allowed. 

ISSUE AGE AND SURVIVAL 
 The benefits
under this rider depend on the Annuitant or Annuitant’s spouse being alive at the time of withdrawal and the amount of the benefit depends on the issue age of the Annuitant and Annuitant’s spouse. Proof of survival and the issue ages may
be required by the Company. 

  

					
	ICC14 RGMB480515(IJ)	  	(3)	  	(Income-Joint)

 ARTICLE III CONTINUED 

If the younger of the spouses’ ages has been misstated, this rider’s fees and benefits will be adjusted to the amounts which would
have been calculated for the correct age. However, if this rider would not have been issued had the age not been misstated, the rider is treated as if it never existed, and any fees charged for this rider would be returned. If withdrawals under the
provisions of the rider have already commenced and the misstatement caused the Rider Withdrawal Amount to be overstated, any withdrawal in excess of the correct Rider Withdrawal Amount will be considered an Excess Withdrawal and will impact the
Withdrawal Base and Rider Withdrawal Amount. If overpayments occurred when the sum of the accumulated values in all the Investment Options was zero, the amount of that overpayment will be deducted from one or more future payments until this amount
is paid in full. 
 RIDER WITHDRAWAL AMOUNT 

The Rider Withdrawal Amount will be equal to the greater of 1) and 2), where: 

 

	1)	 is the withdrawal percentage multiplied by the Withdrawal Base; 

	2)	 is an amount equal to the minimum required distribution amount, if any. Prior to the 1st Rider Anniversary, this amount is based on the initial
Policy Value on the rider date. After this time, the minimum required distribution is calculated based on the rules established by the IRS. The minimum required distribution may only be used if all of the following are true: 

	 	A)	 the policy to which this rider is attached is a tax-qualified policy for which IRS minimum required distributions are required,

	 	B)	 the minimum required distributions do not start prior to the Annuitant’s attained age 70 1/2, 

	 	C)	 the minimum required distributions are based on either the Uniform Lifetime table or the Joint Life and Last Survivor Expectancy table,

	 	D)	 the minimum required distributions are based on age of the living Annuitant or the Annuitant’s spouse if the Annuitant is deceased. The
minimum required distributions can not be based on the age of someone who is deceased, 

	 	E)	 the minimum required distributions are based only on the policy to which this rider is attached, and 

	 	F)	 the minimum required distributions are only for the current Rider Year. Amounts carried over from past Rider Years are not considered.

 If any of the above are not true, then 2) is equal to zero and it is not available as a Rider Withdrawal Amount. 

If You withdraw less than the Rider Withdrawal Amount in a Rider Year, the unused portion cannot be carried over to the next Rider Year. 

Surrender charges may apply if your Rider Withdrawal Amount exceeds Your surrender charge-free amount. 

WITHDRAWAL BASE 
 The Withdrawal Base is
used to calculate the Rider Withdrawal Amount. On the rider date, the initial Withdrawal Base is equal to the Policy Value (less any applicable premium enhancements if the rider is added in the first Policy Year). During any Rider Year, the
Withdrawal Base is increased by subsequent Premium Payments (not including premium enhancements, if any), and is reduced for Excess Withdrawals. 
 On each
Rider Anniversary, the Withdrawal Base will be set to the greatest of: 
  

	 	1)	 The current Withdrawal Base; 

	 	2)	 The Policy Value on the Rider Anniversary; 

	 	3)	 The highest Policy Value on a Rider [Monthiversary] for the current Rider
Year; and 

	 	4)	 The current Withdrawal Base immediately prior to Rider Anniversary processing increased by the growth rate percentage. 

Item 3) above will be zero if there have been any Excess Withdrawals in the current Rider Year. Item 4) above will be zero after the
[10th] Rider Anniversary or if there have been any withdrawals in the current Rider Year. 

AUTOMATIC STEP-UP FEATURE 
 The rider
receives an automatic step-up on the Rider Anniversary if the Withdrawal Base is set equal to the Policy Value or the highest Policy Value on a Rider [Monthiversary.] This feature does not require the termination of
the existing rider. This rider will continue with the same rider date and features. The Rider Fee and withdrawal percentages may be changed due to an automatic step-up, but there will be no increase in the rider fee percentage during the first
[five] Rider Years. Following the [fifth] Rider Anniversary, the rider fee percentage may be increased if there is an automatic step-up, but will not exceed the maximum
rider fee percentages described in the Rider Data Specification section. 

  

					
	ICC14 RGMB480515(IJ)	  	(4)	  	(Income-Joint)

 ARTICLE III CONTINUED 

You have the right to reject an automatic step-up within [30] days following a Rider Anniversary, if the rider fee percentage
increases. If You reject an automatic step-up, You must notify us in a manner which is acceptable to us, however You are eligible for future automatic step-ups. Changes as a result of the automatic step-up feature will be reversed. Any increase in
the Rider Fee or withdrawal percentages will also be reversed. 
 WITHDRAWAL BASE ADJUSTMENTS 

Gross Partial Withdrawals, taken in a Rider Year, less than or equal to the Rider Withdrawal Amount will not reduce the Withdrawal Base.
Excess Withdrawals will reduce the Withdrawal Base by the withdrawal base adjustment which may be more than the dollar amount of the Excess Withdrawal. The withdrawal base adjustment is the greater of 1) and 2), where: 

 

	1)	 is the Excess Withdrawal amount; and 

	2)	 is the result of (A multiplied by B), divided by C, where: 

 

	 	A)	 is the Excess Withdrawal; 

	 	B)	 is the Withdrawal Base prior to the Excess Withdrawal amount; and 

	 	C)	 is the Policy Value after the Rider Withdrawal Amount has been withdrawn, but prior to the withdrawal of the Excess Withdrawal amount.

 ARTICLE IV 

CONTINUATION 
 In the case of spousal
joint Owners where one spouse is the Annuitant, if the spouse who is not the Annuitant dies and the surviving spouse is the sole beneficiary, the rider continues with the same rider values. In the case of spousal joint Owners where one spouse is the
Annuitant, if the spouse who is the Annuitant dies and the surviving spouse is the sole beneficiary, the rider continues with the same rider values until the death of the surviving spouse. 

ANNUITIZATION 
 On the maximum Annuity
Commencement Date, as described in Your policy, You will have the option to receive lifetime income payments that are no less than Your Rider Withdrawal Amount each year. This option will also guarantee that the sum of all income payments received
over time will equal or exceed the Policy Value on the maximum Annuity Commencement Date. If the Annuitant or Annuitant’s spouse should die before the sum of all income payments received equals or exceeds the Policy Value on the maximum Annuity
Commencement Date, the Annuitant’s beneficiary will receive a final payment equal to the difference. 
 RIDER UPGRADE 

You may elect, in writing, to upgrade the Withdrawal Base to the Policy Value within
[30] days after the [fifth] Rider Anniversary and every [fifth] Rider Anniversary thereafter, subject to the issue age
restrictions on the new rider. If an upgrade is selected, this rider will terminate and a new rider with the same features will be issued with a new rider date. The new rider will have its own growth rate percentage and rider fee percentage which
may not be the same as this rider’s percentages. 
 At the time of upgrade the Rider Withdrawal Amount will be recalculated based on the new
Withdrawal Base. 
 The new rider date will be the date the Company receives all information necessary, at our Home Office, in a written
form acceptable to the Company, to process the upgrade. 

  

					
	ICC14 RGMB480515(IJ)	  	(5)	  	(Income-Joint)

 ARTICLE IV CONTINUED 

TERMINATION 
 This rider will terminate upon the earliest
of: 
  

	1)	 the date the policy to which this rider is attached terminates; 

	2)	 the date the policy to which this rider is attached is assigned or if the Owner is changed without our approval; 

	3)	 the later of the Annuitant’s or Annuitant’s spouse’s death; 

	4)	 the date You elect to upgrade (as described in Article IV of this rider); 

	5)	 the date You elect to receive annuity payments under Your policy; 

	6)	 the date You notify us in writing of Your intention to terminate this rider (this date must be within [30] days after the [fifth] Rider Anniversary and every [fifth] Rider
Anniversary thereafter); and 

	7)	 the date any of Your Policy Value is not invested in one of the Designated Investment Options. 

Termination of the rider will result in the loss of all benefits provided by the rider. After termination, rider fees will no longer be
assessed. 
 REPORTS TO OWNER 
 We will
give You a report at least once each Policy Year. Before You are eligible to receive the Rider Withdrawal Amount, the report will direct You to contact the Company for information regarding Your Rider Withdrawal Amount. After You are eligible for
Your Rider Withdrawal Amount, this amount will be included in the report. 
 Signed for us at our home office. 

 

			
	 

	  	 

	SECRETARY	  	PRESIDENT

  

					
	ICC14 RGMB480515(IJ)	  	(6)	  	(Income-Joint)

 APPENDIX 

The quarterly fee is calculated as follows: 

Multiply (1) by (2) divided by (3) multiplied by (4) where: 
  

	1)	 Withdrawal Base 

	2)	 Sum of each designated allocation group rider fee percentage multiplied by the applicable designated allocation group value 

	3)	 Total policy value 

	4)	 Number of days in the rider quarter divided by the number of days within the applicable rider year 

The fee adjustment for additional premium payments and excess withdrawals is calculated as follows: 

Multiply (1) by (2) divided by (3) multiplied by (4) where: 

 

	1)	 Withdrawal base change (i.e. withdrawal base after the transaction minus the withdrawal base before the transaction) 

	2)	 Sum of each designated allocation group rider fee percentage multiplied by the applicable designated allocation group transaction amount

	3)	 Total transaction amount 

	4)	 Number of days remaining in the rider quarter divided by the number of days within the applicable rider year 

 

	The	 fee adjustment for fund transfers is calculated as follows: 

 

	Multiply 	 (1) by (2) divided by (3) multiplied by (4) where: 

 

	1)	 Withdrawal base 

	2)	 Sum of each designated allocation group rider fee percentage multiplied by the applicable designated allocation group transaction amount

	3)	 Total policy value 

	4)	 Number of days remaining in the rider quarter divided by the number of days within the applicable rider year 

The following two examples use assumed fees and values listed in the table below. The assumed rider year is not a leap year. 

 

													
	 Designated

Allocation Group
	 	Fee	 	 	Initial
Policy Value	 	  	Additional Premium
Used in Example 2	 
	Group A	 	 	2.50	% 	 	$	50,000	  	  	$	5,000	  
	Group B	 	 	2.40	% 	 	$	30,000	  	  	$	3,000	  
	Group C	 	 	2.30	% 	 	$	20,000	  	  	$	2,000	  

 Example 1: Calculation at rider issue for first quarter fee assuming an initial withdrawal base of $100,000. 

= 100,000 * [(50,000*0.0250) + (30,000*0.0240) + (20,000*0.0230)] / 100,000 * (91/365) 

= 100,000 * (1,250 + 720 + 460) / 100,000 * (91/365) 

= 100,000 * 2,430/100,000 * (91/365) 

= 2,430 * (91/365) 

= $605.84 

Example 2: Calculation for first quarter fee assuming initial withdrawal base from Example 1 above, plus adjustment for additional
premium payment of $10,000 made with 20 days remaining in the first rider quarter (invested as shown above). The withdrawal base change and total transaction amount equal $10,000. 

Fee adjustment as follows: 
 =
10,000 * [(5,000*0.0250) + (3,000*0.0240) + (2,000*0.0230)] / 10,000 * (20/365) 
 = 10,000 * (125 + 72 + 46) / 10,000 *
(20/365) 
 = 10,000 * 243/10,000 * (20/365) 

= 243 * (20/365) 

= $13.32 
 Total fee assessed at
end of first rider quarter (assuming no further rider fee adjustments): 
 = 13.32 + 605.84 

= $619.16 

  

					
	ICC14 RGMB480515(IJ)	  	(A-1)	  	(Income-Joint)

 The following three examples use assumed fees and values listed in the table below. The assumed
rider year is not a leap year. 
  

																	
	 Designated

Allocation Group
	 	Fee	 	 	Policy Value	 	  	Partial Withdrawal
Used in Example 4	 	  	Fund Transfer
Used in Example 5	 
	 Group A
	 	 	2.50	% 	 	$	49,000	  	  	$	-5,000	  	  	$	-5,000	  
	 Group B
	 	 	2.40	% 	 	$	29,000	  	  	$	-3,000	  	  	$	3,000	  
	 Group C
	 	 	2.30	% 	 	$	19,000	  	  	$	-2,000	  	  	$	2,000	  

 Example 3: Calculation for second quarter fee at beginning of second rider quarter, assuming withdrawal
base of $110,000 and policy value of $97,000 invested as above. 
 = 110,000 * [(49,000*0.0250) + (29,000*0.0240) +
(19,000*0.0230)] / 97,000 * (91/365) 
 = 110,000 * (1,225 + 696 + 437) / 97,000 * (91/365) 

= 110,000 * 2,358/97,000 * (91/365) 

= 2,674.02 * (91/365) 

= $666.67 

Example 4: Calculation for second quarter fee assuming beginning values as in Example 3 above, plus adjustment for partial withdrawal
of $10,000 taken with 40 days remaining in the second rider quarter. Assumes withdrawal percentage of 5%, policy value of $97,000 prior to the transaction and change in withdrawal base as follows: 

Rider Withdrawal Amount (RWA) = Withdrawal Base * Withdrawal Percentage = 110,000 * .05 = $5,500 

Excess Withdrawal = Difference between assumed withdrawal amount and RWA = 10,000 - 5,500 = $4,500 

Withdrawal Base Adjustment = Max (Excess Withdrawal, Excess Withdrawal * Withdrawal Base prior to withdrawal / Policy Value after RWA has been
withdrawn but before excess withdrawal) = Max [4,500, 4,500 * 110,000 / (97,000-5,500)] = Max (4,500, 5,409.84) = $5,409.84 
 Fee
adjustment as follows: 
 = -5,409.84 * [(5,000*0.0250) + (3,000*0.0240) + (2,000*0.0230)] / 10,000 * (40/365) 

= -5,409.84 * (125 + 72 + 46) / 10,000 * (40/365) 

= -5,409.84 * 243/10,000 * (40/365) 

= -131.46 * (40/365)

= $-14.41 
 Total fee assessed at
end of second rider quarter (assuming no further rider fee adjustments): 
 = 666.67 - 14.41 

= $652.26 
 The new Withdrawal
Base = $110,000 - $5,409.84 = $104,590.16 
 Example 5: Calculation for fund transfer occurring during second quarter with 25 days
remaining in the rider quarter, assuming beginning values as in Example 3 and withdrawal adjustment as in Example 4 above. 
 Withdrawal
Base = $104,590.16 and assumed policy value of $90,000. Fund transfer amount of $5,000 as allocated in table above. 
 Fee adjustment as
follows: 
 = 104,590.16 * [(-5,000*0.0250) + (3,000*0.0240) + (2,000*0.0230)] / 90,000 * (25/365) 

= 104,590.16 * (-125 + 72 + 46) / 90,000 * (25/365) 

= 104,590.16 * -7/90,000 * (25/365) 

= -8.13 * (25/365)

= $-0.56 
 Total fee assessed at
end of second rider quarter (assuming no further rider fee adjustments): 
 = 652.26 - 0.56 

= $651.70 

  

					
	ICC14 RGMB480515(IJ)	  	(A-2)	  	(Income-Joint)Ex10.17(b) Form of Award document under 2013 Plan updated 2015-2

EXHIBIT 10.17(b)

John F. Lundgren
Chief Executive Officer
1000 Stanley Drive, New Britain, CT 06053
T (860) 827-3851  

Inter-Office Correspondence

To:           <NAME>    

From:     John Lundgren

Subject:          <DATE RANGE> Long-Term Incentive Program        

Date:          <DATE1>

Dear <NAME>,      

It is my pleasure to congratulate you for being selected to participate in the Long Term Performance Award Program (the “Program”) under The Stanley Black & Decker 2013 Long-Term Incentive Plan.  This Program is intended to provide substantial, equity-based awards for specified full-time members of our senior executive team, provided specific Corporate goals are achieved during the Program’s <NUMBER> month measurement period (<DATE RANGE>).

In conjunction with our short-term incentive compensation program (MICP) and our equity award program, the Program is an important element of your total compensation package, and provides a strong additional incentive to continue increasing shareholder value.

Bonus Opportunity 

Each participant will have an opportunity to earn a number of Performance Shares (PS) based upon achievement of corporate financial goals, and may earn additional performance shares if the corporate financial goals are exceeded.  Each PS unit represents one share of Stanley Black & Decker Common Stock and, accordingly, the potential value of a participant’s performance award under the Program may change as our stock price changes.

Each participant is allocated a threshold, target and maximum number of PS units based upon assigned percentages of his or her annual base salary at the rate in effect as of <DATE2>.  The initial value of each PS unit is $<AMOUNT>, the average of the high and low price of a share of company common stock on <DATE3>.    

Your performance award covers the following number of PS units:

	
				
	 
	Threshold
	Target
	Max

	% of Pay
	<VALUE1>
	<VALUE2>
	<VALUE3>

	# PS
	<NUMBER1>
	<NUMBER2>
	<NUMBER3>

Performance awards will become vested at the time of settlement to the extent that the applicable performance metrics have been achieved and provided the participant is continuously employed by Stanley Black & Decker until such time, as more fully set forth in the enclosed Terms and Conditions Applicable to Long Term Performance Awards.

Financial Measurements

The Corporate financial goals for this Program will consist of three metrics.  Two absolute goals (EPS and CFROI) and one relative goal (TSR) as set forth in the attached document. 

Although this summary includes the key aspects of the Program, it is not intended to represent a full accounting of the rules and regulations applicable to the Program and is subject to the terms described in the Terms and Conditions Applicable to Long Term Performance Awards and The Stanley Black & Decker 2013 Long-Term Incentive Plan (available on request), which together with this document govern the Program. 

If you have any questions, please call me, Jim Loree or Joe Voelker.  Once again, thank you for your continued support and congratulations on being selected to participate in this important Program.

Best regards, 

 

Terms and Conditions applicable to 
Long Term Performance Awards

This certifies that Stanley Black & Decker, Inc. (the “Company”) has, on the Date set forth in Award Letter to which these Terms and Conditions apply, granted to the Participant named above a performance award (“Performance Award”) of that number of Performance Units set forth in the Award Letter, subject to certain restrictions and on the terms and conditions contained in the Award Documents and the Company’s 2013 Long-Term Incentive Plan, as amended from time to time (the “Plan”).  A copy of the Plan is available upon request.  In the event of any conflict between the terms of the Plan and the Award Documents, the terms of the Plan shall govern.  This Performance Award represents the right of the Participant to receive a number of Shares to be issued if the Company achieves the Performance Goals for the Measurement Period and employment requirements are satisfied.
		
	1.
	Time and Manner of Settlement.  As soon as practicable following completion of the applicable Measurement Period, and assuming that the Threshold Performance Goals are achieved and employment requirements are satisfied, the Company shall issue a number of Shares to the Participant, in settlement of the Participant’s Performance Award, equal to (i) the number of Shares specified in the Award Letter to be issued based upon the Performance Goals achieved plus (ii) in the event performance falls between the Threshold and Target or Target and Maximum Goals as specified in the Award Documents, a pro rata number of Shares calculated as follows (rounded to the closest whole number):

S = ((A-L)/(N-L))x(SN-SL)
where:
S =the additional number of Shares to be issued
A = the actual achievement in respect of the applicable performance factor
L = the Goal exceeded for the applicable performance factor (i.e., threshold or target)
N =the next highest Goal for the applicable performance factor (i.e., target or maximum)
SN =the number of Shares designated for issuance at the next highest applicable Performance Goal; and
SL = the number of Shares designated for issuance at the applicable Performance Goal reached.
		
	2.
	Vesting; form of settlement.  Performance Awards will become vested on the Settlement Date to the extent that the applicable performance metrics have been achieved and provided that the participant is continuously employed by the Company until such time.  Performance Awards will be settled in shares of Company common stock as soon as practicable following the end of the Measurement Period.  Performance Awards will be settled in the form of Unrestricted Stock.  

If a participant’s employment with the Company terminates due to his or her Retirement, death or Disability prior to the date the Performance Awards are settled, the participant’s Performance Award will be pro-rated based on the number of complete months in the Measurement Period that the participant was employed by the Company.  The participant’s pro-rated Performance Award will be settled at the same time as performance awards for active participants are settled, to the extent the applicable performance metrics have been achieved.  Pro-rated performance awards will be settled in the form of Unrestricted Stock.  A participant whose employment with the Company terminates prior to the Settlement Date for any other reason will forfeit all rights in 

respect of his or her performance award and will not be entitled to receive any Shares or other payment under the Program.

		
	3.
	Rights of a Shareholder.  The Participant shall not have any rights of a shareholder with respect to the Performance Awards or any Shares issued in settlement thereof prior to the Settlement Date.

		
	4.
	Transferability.  Transferability shall be as set forth in the Plan.

		
	5.
	Adjustments.  Notwithstanding any other provision hereof, the Committee shall have authority to make adjustments in the terms and conditions of, and the criteria included in, Performance Awards granted hereunder, as set forth in the Plan.

		
	6.
	Miscellaneous.  The Committee shall have full authority to administer the Performance Awards and to interpret the terms of the Award Documents, which authority includes the authority to waive certain conditions in appropriate circumstances.  All decisions or interpretations of the Committee with respect to any question arising in respect of the Performance Awards shall be binding, conclusive and final.  The waiver by the Company of any provision of this document or any other Award document shall not operate as or be construed to be a subsequent waiver of the same provision or a waiver of any other provision of this document or any other Award document.  The validity and construction of the terms of this document and any other Award document shall be governed by the laws of the State of Connecticut.  The terms and conditions set forth in this document and any other Award document are subject in all respects to the terms and conditions of the Plan, which shall be controlling.  The Participant agrees to execute such other agreements, documents or assignments as may be necessary or desirable to effect the purposes hereof.

		
	7.
	Unfunded Arrangement.  The Performance Awards represented in the Award Documents constitute an unfunded unsecured promise of the Company and the rights of the Participant in respect of the Performance Awards are no greater than the rights of an unsecured creditor of the Company.

		
	8.
	Capitalized Terms.  The following capitalized terms shall have the meaning set forth below for purposes of this Letter.  All other capitalized terms used in this document shall have the meanings set forth in the Plan.

Award Documents.  The documents provided to a Participant that advise the Participant that he or she has been selected to Participate in the Performance Award Program and set forth the Performance Period, Performance factors, Performance Goals, amounts payable at the Threshold, Target and Maximum Levels, and the terms and conditions applicable to the Award, which shall consist of an Award Letter, signed by the Chairman & Chief Executive Officer or the Senior Vice President, Human Resources , and the documents referenced therein.
Executive Officer.  A person who the Company has designated an Executive Officer as such term is defined in Rule 3b-7 under the Securities Exchange Act of 1934 and as such term is used in Item 401(b) of Regulation S-K.
Measurement Period.  The period during which financial performance is measured against the applicable Performance Goals as set forth in the Award Documents.

Performance Goals.  Goals established by the Compensation and Organization Committee of the Board of Directors or, pursuant to an appropriate delegation of authority, the Chief Executive Officer, for performance of the Company as a whole and/or specific businesses or functions during the Measurement Period.  The Performance Goals applicable to a Participant for a particular Measurement Period, if not enclosed with the Award Letter, will be communicated to the Participant by a member of the Company’s Human Resources Department.
Settlement Date. The date payments are made to Participants based on the Performance Goals achieved for the Measurement Period. The payments will typically occur by March 15 of the year following the Measurement Period.
Shares.  Shares of Unrestricted Stock to be issued if Performance Goals are achieved, as specified in the Award Documents.  
Unrestricted Stock.  Common Stock of the Company that may be sold at any time.

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