Document:

ex10_5.htm

    Exhibit
      10.5

    

    

    WARRANTY
      DEED

    

    KNOW
      ALL MEN BY THESE PRESENTS that I,
      RONALD S. BERTHIAUME of 80 Columba Street, Apt. B, Chicopee, Hampden County,
      Massachusetts

    

    For
      consideration of SIXTY THOUSAND and 00/100 ($60,000.00) DOLLARS

    

    GRANT
      TO DUANE C. BENNETT, of
      18 Brookmont Drive, Wilbraham, Hampden County, Massachusetts,
      Individually

    

    With
      WARRANTY
      COVENANTS

    

    The
      land
      with the buildings thereon situated in Chicopee, Hampden County, Massachusetts,
      bounded and described as follows:

    

    Beginning
      at an iron rod on the southwesterly side of School Street, at the southeasterly
      corner of land formerly of Ignacy Statkin, now supposed to belong to one Hosman,
      and thence running

    

    
      	
              Southeasterly

            	
              on
                said School fifty-six (56) feet to land formerly of A.L. Page, now
                supposed to belong to one Maguder; thence running
                

            

    

    

    
      	
              Westerly

            	
              along
                last named land seventy-five (75) feet to land now or formerly of
                one
                Farrell; thence running at right angles with last named line along
                land
                now or formerly of said Farrell about eleven and one-half (11 1⁄2) feet to
                land formerly of one Meyer now supposed to belong to one Pirog; thence
                running 

            

    

    

    
      	
              Northerly

            	
              along
                last named land about twenty-four and one-half (24 1⁄2) feet to an iron rod
                in the ground at land of said Hosman; and thence running along last
                named
                land North 56 East about ninety-two and one-half (92 1⁄2) feet to School
                Street, to the point of beginning. 

            

    

    

    Being
      the
      same premises conveyed to Ronald S. Berthiaume by deed of Edward F. Ranval
      dated
      September 29, 2000 and recorded with the Hampden County Registry of Deeds,
      Book
      111353, Page 331.

    

    Witness
      my hand and seal this 27th
      day of
      August, 2003

    

    

    

    /s/
      Jeffrey S. Bohnet                                                                
/s/
      Ronald S.
      Berthiaume

    Witness,
      Jeffrey S.
      Bohnet                                                                                 RONALD
      S. BERTHIAUME

    

    

     

    COMMONWEALTH
      OF MASSACHUSETTS

    

    HAMPDEN:  SS August
      27, 2003

    

    Then
      personally appeared the above
      named Ronald S. Berthiaume and acknowledged the foregoing instrument to be
      his
      free act and deed before me.

    

    

    /s/
      Jeffrey S. Bohnet                                                      

    Jeffrey
      S. Bohnet

    Notary
      Public

    My
      Commission Exp:  5/27/05ex10_6.htm

    Exhibit
      10.6

    

    

    WARRANTY
      DEED

    

    KNOW
      ALL MEN BY THESE PRESENTS that I,
      DUANE C. BENNETT of 18 Brookmont Drive, Wilbraham, Massachusetts.

    

    For
      consideration of One Hundred and 00/100 ($100.00) Dollars

    

    GRANT
      TO SCHOOL SECOND
      CORPORATION, a Massachusetts Corporation having a corporate address of 191
      Chestnut Street, Springfield, Massachusetts

    

    With
      WARRANTY
      COVENANTS

    

    The
      land
      with the buildings thereon situated in Chicopee, Hampden County, Massachusetts,
      bounded and described as follows:

    

    Beginning
      at an iron rod on the southwesterly side of School Street, at the southeasterly
      corner of land formerly of Ignacy Statkin, now supposed to belong to one Hosman,
      and thence running

    

    
      	
              Southeasterly

            	
              on
                said School fifty-six (56) feet to land formerly of A.L. Page, now
                supposed to belong to one Maguder; thence running
                

            

    

    

    
      	
              Westerly

            	
              along
                last named land seventy-five (75) feet to land now or formerly of
                one
                Farrell; thence running at right angles with last named line along
                land
                now or formerly of said Farrell about eleven and one-half (11 1⁄2) feet to
                land formerly of one Meyer now supposed to belong to one Pirog; thence
                running 

            

    

    

    
      	
              Northerly

            	
              along
                last named land about twenty-four and one-half (24 1⁄2) feet to an iron rod
                in the ground at land of said Hosman; and thence running along last
                named
                land North 56 East about ninety-two and one-half (92 1⁄2) feet to School
                Street, to the point of beginning. 

            

    

    

    BEING
      the
      same premises conveyed to Duane C. Bennett by deed of Ronald S. Berthiaume
      dated
      August 27, 2003 and recorded with the Hampden County Registry of Deeds Book
      13524, Page 55.

    

    Witness
      my hand and seal this 4th
      day of
      September, 2003

    

    

    

    /s/
      Jeffrey S. Bohnet                                                                
/s/
      Duane C. Bennett

    Witness,
      Jeffrey S.
      Bohnet                                                                                 DUANE
      C. BENNETT

    

    

     

    COMMONWEALTH
      OF MASSACHUSETTS

    

    HAMPDEN:  SS September
      4, 2003

    

    Then
      personally appeared the above
      named Duane C. Bennett and acknowledged the foregoing instrument to be his
      free
      act and deed before me.

    

    

    /s/
      Jeffrey S. Bohnet                                                      

    Jeffrey
      S. Bohnet

    Notary
      Public

    My
      Commission Exp:  5/27/05EX-10.4(p)

EXHIBIT 10.4(p)

AMENDED AND RESTATED

FMC TECHNOLOGIES, INC.

INCENTIVE COMPENSATION AND STOCK PLAN   

SECTION 1. PURPOSE

The purpose of the Plan is to give the Company a competitive advantage in attracting,
retaining and motivating officers, employees, directors and consultants of the Company and its
Affiliates.

SECTION 2. DEFINITIONS

2.1 General. For purposes of the Plan, the following terms are defined as set forth
below:

	 	(a)	 	“Affiliate” means a corporation or other entity controlled by, controlling or
under common control with the Company, including, without limitation, any corporation,
partnership, joint venture or other entity during any period in which at least a fifty
percent (50%) voting or profits interest is owned, directly or indirectly, by the
Company or any successor to the Company.

	 	(b)	 	“Annual Retainer” means the retainer fee established by the Board and paid to a
Non-Employee Director for services on the Board for a specified year.

	 	(c)	 	“Award” means a Management Incentive Award, Stock Option, Stock Appreciation
Right, Performance Unit, Stock Unit, Restricted Stock or other award authorized under
the Plan.

	 	(d)	 	“Award Cycle” means a period of consecutive fiscal years or portions thereof
designated by the Committee over which Awards are to be earned.

	 	(e)	 	“Board” means the Board of Directors of the Company.

	 	(f)	 	“Business Unit” means a unit of the business of the Company or its Affiliates
as determined by the Committee and the CEO.

	 	(g)	 	“Capital Employed” means operating working capital plus net property, plant and
equipment.

	 	(h)	 	“Cause” means (1) “Cause” as defined in any Individual Agreement to which the
participant is a party, or (2) if there is no such Individual Agreement, or, if it does
not define “Cause”: (A) the participant having been convicted of, or pleading guilty or
nolo contendere to, a felony under federal or state law; (B) the willful and continued
failure on the part of the participant to substantially perform his or her employment
duties in any material respect (other than such failure resulting from Disability),
after a written demand for substantial performance is delivered to the participant that
specifically identifies the manner in which the Company believes the participant has
failed to perform his or her duties, and after the participant has failed to resume
substantial performance of his or her duties within thirty (30) days of such demand; or
(C) willful and deliberate conduct on the part of the participant that is materially
injurious to the Company or an Affiliate; or (D) prior to a Change in Control, such
other events as will be determined by the Committee. The Committee will, unless
otherwise provided in an Individual Agreement with the participant, determine whether
“Cause” exists.

	 	(i)	 	“CEO” means the Company’s chief executive officer.

	 	(j)	 	“Change in Control” and “Change in Control Price” have the meanings set forth
in Sections 15.2 and 15.3, respectively.

	 	(k)	 	“Code” means the Internal Revenue Code of 1986, as amended from time to time,
and any successor thereto.

	 	(l)	 	“Committee” means the Compensation and Organization Committee of the Board, or
such other committee as the Board may from time to time designate.

	 	(m)	 	“Common Stock” means (1) the common stock of the Company, par value $.01 per
share, subject to adjustment as provided in Section 4.1 Shares Available for
Issuance; or (2) if there is a merger or consolidation and the Company is not the
surviving corporation, the capital stock of the surviving corporation given in exchange
for such common stock of the Company.

	 	(n)	 	“Company” means FMC Technologies, Inc., a Delaware corporation.

	 	(o)	 	“Covered Employee” means a participant who has received a Management Incentive
Award, Restricted Stock, Performance Units, Stock Units or Restricted Stock Units, who
has been designated as such by the Committee and who is or may be a “covered employee”
within the meaning of Section 162(m)(3) of the Code in the year in which the Management
Incentive Award, Restricted Stock or Performance Units are expected to be taxable to
such participant.

1

	 	(p)	 	“Disability” means, unless otherwise provided by the Committee, (1)
“Disability” as defined in any Individual Agreement to which the participant is a
party, or (2) if there is no such Individual Agreement, or, if it does not define
“Disability,” permanent and total disability as determined under the Company’s
long-term disability plan.

	 	(q)	 	“Distribution” means FMC’s distribution of its interest in the Company.

	 	(r)	 	“Dividend Equivalent Rights” means the right to receive cash, Stock Options,
Restricted Stock, Performance Units, Stock Units or Restricted Stock Units as
determined by the Committee, in an amount equal to any dividends that would have been
paid on a Stock Option, Restricted Stock, Performance Unit, Stock Units or Restricted
Stock Units as applicable, with Dividend Equivalent Rights if such Stock Option,
Restricted Stock, Performance Unit, Stock Units or Restricted Stock Units as
applicable, was a share of Common Stock held by the participant on the dividend payment
date. Unless the Committee determines that Dividend Equivalent Rights will be paid in
cash as of the dividend payment date, such Dividend Equivalent Rights, once credited,
will be converted into an equivalent number of Stock Options, shares of Restricted
Stock, Performance Units, Stock Units or Restricted Stock Units as applicable;
provided, however, that the number of shares subject to any Award will always be a
whole number. Unless otherwise determined by the Committee as of the dividend payment
date, if a dividend is paid in cash, the number of Stock Options, shares of Restricted
Stock, Performance Units, Stock Units or Restricted Stock Units into which a Dividend
Equivalent Right will be converted will be calculated as of the dividend payment date,
in accordance with the following formula:

(A x B)/C

in which “A” equals the number of Stock Options, shares of Restricted Stock,
Performance Units, Stock Units or Restricted Stock Units with Dividend Equivalent
Rights held by the participant on the dividend payment date, “B” equals the cash
dividend per share and “C” equals the Fair Market Value per share of Common Stock on
the dividend payment date. Unless otherwise determined by the Committee as of the
dividend payment date, if a dividend is paid in property other than cash, the number
of Stock Options, shares of Restricted Stock Performance Units, Stock Units or
Restricted Stock Units as applicable into which a Dividend Equivalent Right will be
converted will be calculated, as of the dividend payment date, in accordance with
the formula set forth above, except that “B” will equal the fair market value per
share of the property which the participant would have received if the Stock Option,
share of Restricted Stock

Performance Unit, Stock Unit or Restricted Stock Unit as applicable, with Dividend
Equivalent Rights held by the participant on the dividend payment date was a share
of Common Stock.

	 	(s)	 	“Effective Date” means February 16, 2001, the date the Plan was adopted by the
Board, subject to the approval by at least a majority of the holders of outstanding
            shares of Common Stock of the Company.

	 	(t)	 	“Eligible Individuals” means officers, employees, directors and consultants of
the Company or any of its Affiliates, and prospective employees, directors and
consultants who have accepted offers of employment, membership on a board or
consultancy from the Company or its Affiliates, who are or will be responsible for or
contribute to the management, growth or profitability of the business of the Company or
its Affiliates, as determined by the Committee.

	 	(u)	 	“Exchange Act” means the Securities Exchange Act of 1934, as amended from time
to time, and any successor thereto.

	 	(v)	 	“Expiration Date” means the date on which an Award becomes unexercisable and/or
not payable by reason of lapse of time or otherwise as provided in Section 6.2
Expiration Date.

	 	(w)	 	“Fair Market Value” means, except as otherwise provided by the Committee, as of
any given date, the closing price for the shares on the New York Stock Exchange for the
specified date (as of 4 p.m. Eastern Standard Time or Eastern Daylight Savings Time,
whichever is then in effect), or, if the shares were not traded on the New York Stock
Exchange on such date, then on the next preceding date on which the shares were traded,
all as reported by such source as the Committee may select.

	 	(x)	 	“FMC” means FMC Corporation, a Delaware corporation.

	 	(y)	 	“Grant Date” means the date designated by the Committee as the date of grant of
an Award.

	 	(z)	 	“Incentive Stock Option” means any Stock Option designated as, and qualified
as, an “incentive stock option” within the meaning of Section 422 of the Code.

	 	(aa)	 	“Individual Agreement” means a severance, employment, consulting or similar
agreement between a participant and the Company or one of its Affiliates.

	 	(bb)	 	“IPO” means the initial registered public offering by the Company of shares of
Common Stock of the Company.

	 	(cc)	 	“Management Incentive Award” means an Award of cash, Common Stock, Restricted
Stock or a combination of cash, Common Stock and Restricted Stock, as determined by the
Committee.

	 	(dd)	 	“Net Contribution” means for a Business Unit, its operating profit after-tax,
less the product of (1) a percentage as determined by the Committee; and (2) the
Business Unit’s Capital Employed.

	 	(ee)	 	“Non-Employee Director” means each director of the Company who is not otherwise
an employee of the Company or its Affiliates.

	 	(ff)	 	“Nonqualified Stock Option” means any Stock Option that is not an Incentive
Stock Option.

	 	(gg)	 	“Notice” means the written evidence of an Award granted under the Plan in such
form as the Committee will from time to time determine.

	 	(hh)	 	“Performance Goals” means the performance goals established by the Committee in
connection with the grant of Management Incentive Awards, Restricted Stock, Performance
Units, Stock Units or Restricted Stock Units as set forth in the Notice. In the case
of Qualified Performance-Based Awards, Performance Goals will be set by the Committee
within the time period prescribed by Section 162(m) of the Code and related
regulations, The performance goals upon which the payment or vesting of an Award to a
Covered Employee that is intended to qualify as performance-based compensation shall be
limited to one or more of the following performance measures: net revenue; net earnings
(before or after taxes); operating earnings or income; absolute and/or relative return
measures (including, but not limited to, return on assets, capital, invested capital,
net contribution, equity, sales, or revenue); earnings per share; cash flow (including,
but not limited to, operating cash flow, free cash flow, cash flow return on equity,
and cash flow return on investment); net operating profits; earnings before or after
taxes, interest, depreciation, and/or amortization; earning as a percentage of sales;
earnings growth before or after taxes, interest, depreciation, and/or amortization;
gross, operating, or net margins; revenue growth; book value per share; stock price
(including, but not limited to, growth measures and total shareholder return); economic
value added; customer satisfaction; market share; working capital; productivity ratios;
operating goals (including, but not limited to, safety, reliability, maintenance
expenses, capital expenses, customer satisfaction, operating efficiency, and employee
satisfaction); and performance relative to peer companies, each of which may be
established on a corporate-wide basis or established with respect to one or more
operating units, divisions, acquired businesses, minority investments, partnerships or
joint ventures.

	 	(ii)	 	“Performance Units” means an Award granted under Section 12 Performance
Units.

	 	(jj)	 	“Plan” means the FMC Technologies, Inc. Incentive Compensation and Stock Plan,
as set forth herein and as hereinafter amended from time to time.

	 	(kk)	 	“Qualified Performance-Based Award” means a Management Incentive Award, an
Award of Restricted Stock, an Award of Performance Units, an Award of Stock Units or an
Award of Restricted Stock Units designated as such by the Committee, based upon a
determination that (1) the recipient is or may be a Covered Employee; and (2) the
Committee wishes such Award to qualify for the Section 162(m) Exemption.

	 	(ll)	 	“Restricted Stock” means an Award granted under Section 11 Restricted
Stock.

	 	(mm)	 	“Section 162(m) Exemption” means the exemption from the limitation on
deductibility imposed by Section 162(m) of the Code that is set forth in Section
162(m)(4)(C) of the Code.

	 	(nn)	 	“Separation from Service” means the cessation of a Non-Employee Director’s
service on the Board. Temporary absences from service on the Board for a period not to
exceed six (6) consecutive months because of illness, vacation or leave of absence will
not be considered a Separation from Service.

	 	(oo)	 	“Stock Appreciation Right” means an Award granted under Section 10 Stock
Appreciation Rights.

	 	(pp)	 	“Stock Option” means an Award granted under Section 9 Stock Options.

	 	(qq)	 	“Stock Units or Restricted Stock Units” means an Award granted under Section 12
Performance Units, Stock Units or Restricted Stock Units.

	 	(rr)	 	“Termination of Employment” means the termination of the participant’s
employment with, or performance of services for, the Company and any of its Affiliates.
Temporary absences from employment because of illness, vacation or leave of absence
and transfers among the Company and its Affiliates will not be considered a Termination
of Employment.

	 	(ss)	 	“Vesting Date” means the date on which an Award becomes vested, and, if
applicable, fully exercisable and/or payable by or to the participant as provided in
Section 6.3 Vesting.

2.2 Other Definitions. In addition, certain other terms used herein have definitions
given to them in the first place in which they are used.

SECTION 3. ADMINISTRATION

3.1 Committee Administration. The Committee is the administrator of the Plan. Among
other things, the Committee has the authority, subject to the terms of the Plan:

	 	(a)	 	To select the Eligible Individuals to whom Awards are granted;

	 	(b)	 	To determine whether and to what extent Awards are granted;

	 	(c)	 	To determine the amount of each Award;

	 	(d)	 	To determine the terms and conditions of any Award, including, but not limited
to, the option price, any vesting condition, restriction or limitation regarding any
Award and the shares of Common Stock relating thereto, based on such factors as the
Committee will determine;

	 	(e)	 	To modify, amend or adjust the terms and conditions of any Award, at any time
or from time to time, to the extent that such modification, amendment, or adjustment
does not conflict with Section 409A of the Code.

	 	(f)	 	To determine to what extent and under what circumstances Common Stock and other
amounts payable with respect to an Award will be deferred, to the extent that such
deferral does not conflict with Section 409A of the Code and

	 	(g)	 	To determine under what circumstances an Award may be settled in cash or Common
Stock or a combination of cash and Common Stock.

The Committee has the authority to adopt, alter and repeal administrative rules, guidelines
and practices governing the Plan, to interpret the terms and provisions of the Plan, any Award, any
Notice and any other agreement relating to any Award and to take any action it deems appropriate
for the administration of the Plan.

3.2 Committee Action. The Committee may act only by a majority of its members then in
office unless it allocates or delegates its authority to a Committee member or other person to act
on its behalf. Except to the extent prohibited by applicable law or applicable rules of a stock
exchange, the Committee may allocate all or any portion of its responsibilities and powers to any
one or more of its members and may delegate all or any part of its responsibilities and powers to
any other person or persons. Any such allocation or delegation may be revoked by the Committee at
any time.

Any determination made by the Committee or its delegate with respect to any Award will be made
in the sole discretion of the Committee or such delegate. All decisions of the Committee or its
delegate are final, conclusive and binding on all parties.

2

3.3 Board Authority. Any authority granted to the Committee may also be exercised by
the full Board. To the extent that any permitted action taken by the Board conflicts with action
taken by the Committee, the Board action will control. Notwithstanding anything herein to the
contrary, the Board is the administrator of the portion of the Plan applicable to Non-Employee
Directors.

SECTION 4. SHARES

4.1 Shares Available For Issuance. The maximum number of shares of Common Stock that
may be delivered to participants and their beneficiaries under the Plan will be 24,000,000 (after
giving effect to the two-for-one stock split on August 31, 2007). Shares subject to an Award under
the Plan may be authorized and unissued shares or may be treasury shares.

The maximum number of shares of Common Stock that may be subject to Management Incentive
Awards, Restricted Stock, Performance Units, Stock Units or Restricted Stock Units is 16,000,000
(after giving effect to the two-for-one stock split on August 31, 2007).

No Award will be counted against the shares available for delivery under the Plan if the Award
is payable to the participant only in the form of cash, or if the Award is paid to the participant
in cash.

If any Award is forfeited, or if any Stock Option (and any related Stock Appreciation Right)
terminates, expires or lapses without being exercised, or if any Stock Appreciation Right is
exercised for cash, the shares of Common Stock subject to such Awards will again be available for
delivery in connection with Awards under the Plan. If the option price of any Stock Option granted
under the Plan is satisfied by delivering shares of Common Stock to the Company (by either actual
delivery or by attestation), only the number of shares of Common Stock delivered to the
participant, net of the shares of Common Stock delivered or attested to, will be deemed delivered
for purposes of determining the maximum numbers of shares of Common Stock available for delivery
under the Plan. To the extent any shares of Common Stock subject to an Award are not delivered to
a participant because such shares are used to satisfy an applicable tax-withholding obligation,
such shares will not be deemed to have been delivered for purposes of determining the maximum
number of shares of Common Stock available for delivery under the Plan.

In the event of any corporate event or transaction, (including, but not limited to, a change
in the number of shares of Common Stock outstanding), such as a stock split, merger, consolidation,
separation, including a spin-off or other distribution of stock or property of the Company, any
reorganization (whether or not such reorganization comes within the definition of such term in
Section 368 of the Code) or any partial or complete liquidation of the Company, the Committee shall
make such substitution or adjustments in the aggregate number, kind, and price of shares reserved
for issuance under the Plan, and the maximum limitation upon any Awards to be granted to any
participant, in the number, kind and price of shares subject to outstanding Awards granted under
the Plan and/or such other equitable substitution or adjustments as it may determines are required
to accomplish the same; provided, however, that the number of shares subject to any Award will
always be a whole number. Such adjusted price will be used to determine the amount payable in cash
or shares, as applicable, by the Company upon the exercise of any Award. Any such adjustment to an
Award may be made to the extent that such adjustment does not conflict with Section 409A of the
Code.

4.2 Individual Limits. No participant may be granted Stock Options and Stock
Appreciation Rights covering in excess of 2,400,000 shares (after giving effect to the two-for-one
stock split on August 31, 2007) of Common Stock in any calendar year. The maximum aggregate amount
with respect to each Management Incentive Award, Award of Performance Units, Award of Restricted
Stock, Award of Stock Units or Award of Restricted Stock Units that may be granted, or, that may
vest, as applicable, in any calendar year for any individual participant is 2,400,000 shares (after
giving effect to the two-for-one stock split on August 31, 2007) of Common Stock, or the dollar
equivalent of 2,400,000 shares (after giving effect to the two-for-one stock split on August 31,
2007) of Common Stock.

SECTION 5. ELIGIBILITY

Awards may be granted under the Plan to Eligible Individuals. Incentive Stock Options may be
granted only to employees of the Company and its subsidiaries or parent corporation (within the
meaning of Section 424(f) of the Code). The maximum number of Shares of the Share Authorization
that may be issued pursuant to Incentive Stock Options under the Plan shall be 24,000,000.

SECTION 6. TERMS AND CONDITIONS OF AWARDS

6.1 General. Awards will be in the form and upon the terms and conditions as
determined by the Committee, subject to the terms of the Plan. The Committee is authorized to
grant Awards independent of, or in addition to other Awards granted under the Plan. The terms and
conditions of each Award may vary from other Awards. Awards will be evidenced by Notices, the
terms and conditions of which will be consistent with the terms of the Plan and will apply only to
such Award.

6.2 Expiration Date. Unless otherwise provided in the Notice, the Expiration Date
of an Award will be the earlier of the date that is ten (10) years after the Grant Date or the date
of the participant’s Termination of Employment.

6.3 Vesting. Each Award vests and becomes fully payable, exercisable and/or released
of any restriction on the Vesting Date. The Vesting Date of each Award, as determined by the
Committee, will be set forth in the Notice. Prior to the Vesting Date, an Award remains subject to
a substantial risk of forfeiture.

SECTION 7. QUALIFIED PERFORMANCE-BASED AWARDS

The Committee may designate a Management Incentive Award, or an Award of Restricted Stock or
an Award of Performance Units or an Award of Stock Units or an Award or Restricted Stock Units as a
Qualified Performance-Based Award, in which case, the Award is contingent upon the attainment of
Performance Goals, and, as a result, remains subject to a substantial risk of forfeiture until the
attainment of such Performance Goals.

SECTION 8. MANAGEMENT INCENTIVE AWARDS

8.1 Management Incentive Awards. The Committee is authorized to grant Management
Incentive Awards, subject to the terms of the Plan. Notices for Management Incentive Awards will
indicate the Award Cycle, any applicable Performance Goals, any applicable designation of the Award
as a Qualified Performance-Based Award and the form of payment of the Award.

8.2 Settlement. As soon as practicable after the later of the Vesting Date and the
date any applicable Performance Goals are satisfied, but in any event within seventy (70) days
following the later of such events, Management Incentive Awards will be paid to the participant in
cash, Common Stock, Restricted Stock or a combination of cash, Common Stock and Restricted Stock,
as determined by the Committee. The number of shares of Common Stock payable under the stock
portion of a Management Incentive Award will equal the amount of such portion of the award divided
by the Fair Market Value of the Common Stock on the date of payment.

SECTION 9. STOCK OPTIONS

9.1 Stock Options. The Committee is authorized to grant Stock Options, including both
Incentive Stock Options and Nonqualified Stock Options, subject to the terms of the Plan. Notices
will indicate whether the Stock Option is intended to be an Incentive Stock Option or a
Nonqualified Stock Option, the option price, the term and the number of shares to which it
pertains. To the extent that any Stock Option is not designated as an Incentive Stock Option, or,
even if so designated does not qualify as an Incentive Stock Option on or subsequent to its Grant
Date, it will constitute a Nonqualified Stock Option.

9.2 Option Price. The option price per share of Common Stock purchasable under a
Stock Option will be determined by the Committee and will not be less than the Fair Market Value of
the Common Stock subject to the Stock Option on the Grant Date, except as provided under Section
4.1.

9.3 Incentive Stock Options. The terms of the Plan addressing Incentive Stock Options
and each Incentive Stock Option will be interpreted in a manner consistent with Section 422 of the
Code and all valid regulations issued thereunder.

9.4 Exercise. Stock Options will be exercisable at such time or times and subject to
the terms and conditions set forth in the Notice. A participant can exercise a Stock Option, in
whole or in part, at any time on or after the Vesting Date and before the Expiration Date by giving
written notice of exercise to the Company specifying the number of shares of Common Stock subject
to the Stock Option to be purchased. Such notice will be accompanied by payment in full to the
Company of the option price by certified or bank check or such other cash equivalent instrument as
the Company may accept. If approved by the Committee, payment in full or in part may also be made
in the form of Common Stock (by delivery of such shares or by attestation) already owned by the
optionee of the same class as the Common Stock subject to the Stock Option, based on the Fair
Market Value of the Common Stock on the date the Stock Option is exercised.

9.5 Settlement. As soon as practicable after the exercise of a Stock Option, the
Company will deliver to or on behalf of the optionee certificates of Common Stock for the number of
shares purchased. No shares of Common Stock will be issued until full payment therefor has been
made. An optionee will have all of the rights of a stockholder of the Company holding Common
Stock, including, but not limited to, the right to vote the shares and the right to receive
dividends, when the optionee has given written notice of exercise, has paid in full for such shares
and, if requested, has given the representation described in Section 19 General Provisions.
The Committee may give optionees Dividend Equivalent Rights, provided, if a Dividend Equivalent
Right is granted, such grant cannot be conditioned on the grantee exercising the underlying option.

9.6 Nontransferability. No Stock Option will be transferable by the optionee other
than by will or by the laws of descent and distribution. All Stock Options will be exercisable,
subject to the terms of the Plan, only by the optionee, the guardian or legal representative of the
optionee, or any person to whom such Stock Option is transferred pursuant to this paragraph, it
being understood that the term “holder” and “optionee” include such guardian, legal representative
and other transferee. No Stock Option will be subject to execution, attachment or other similar
process.

Notwithstanding anything herein to the contrary, the Committee may permit a participant at any
time prior to his or her death to assign all or any portion without consideration therefor of a
Nonqualified Stock Option to:

	 	(a)	 	The participant’s spouse or lineal descendants;

	 	(b)	 	The trustee of a trust for the primary benefit of the participant and his or
her spouse or lineal descendants, or any combination thereof;

	 	(c)	 	A partnership of which the participant, his or her spouse and/or lineal
descendants are the only partners;

	 	(d)	 	Custodianships under the Uniform Transfers to Minors Act or any other similar
statute; or

	 	(e)	 	Upon the termination of a trust by the custodian or trustee thereof, or the
dissolution or other termination of the family partnership or the termination of a
custodianship under the Uniform Transfers to Minor Act or any other similar statute, to
the person or persons who, in accordance with the terms of such trust, partnership or
custodianship are entitled to receive the Nonqualified Stock Option held in trust,
partnership or custody.

In such event, the spouse, lineal descendant, trustee, partnership or custodianship will be
entitled to all of the participant’s rights with respect to the assigned portion of the
Nonqualified Stock Option, and such portion will continue to be subject to all of the terms,
conditions and restrictions applicable to the Nonqualified Stock Option.

9.7 Cashing Out. On receipt of written notice of exercise, the Committee may elect to
cash out all or part of the portion of the shares of Common Stock for which a Stock Option is being
exercised by paying the optionee an amount, in cash or Common Stock, equal to the excess of the
Fair Market Value of the Common Stock over the option price times the number of shares of Common
Stock for which the Stock Option is being exercised on the effective date of such cash-out. In
addition, notwithstanding any other provision of the Plan, the Committee, either on the Grant Date
or thereafter, may give a participant the right to voluntarily cash-out the participant’s
outstanding Stock Options during the seventy (70)-day period following a Change in Control. A
participant who has such a cash-out right and elects to cash-out Stock Options may do so during the
seventy (70)-day period following a Change in Control by giving notice to the Company to elect to
surrender all or part of the Stock Option to the Company and to receive cash, within thirty (30)
days of such election, in an amount equal to the amount by which the Change in Control Price per
share of Common Stock on the date of such election exceeds the exercise price per share of Common
Stock under the Stock Option multiplied by the number of shares of Common Stock granted under the
Stock Option as to which this cash-out right is exercised.

9.8 Term of Options. Each Option granted to a participant shall expire at such time as the
Committee shall determine at the time of grant; provided, however, no Option shall be exercisable
later than the tenth (10th) anniversary date of its grant.

SECTION 10. STOCK APPRECIATION RIGHTS

10.1 Stock Appreciation Rights. The Committee is authorized to grant Stock
Appreciation Rights, subject to the terms of the Plan. Stock Appreciation Rights granted with a
Nonqualified Stock Option may be granted either on or after the Grant Date. Stock Appreciation
Rights granted with an Incentive Stock Option may be granted only on the Grant Date of such Stock
Option. Notices of Stock Appreciation Rights granted with Stock Options may be incorporated into
the Notice of the Stock Option. Notices of Stock Appreciation Rights will

indicate whether the Stock Appreciation Right is independent of any Award or granted with a Stock
Option, the price, the term, the method of exercise and the form of payment. The grant of a Stock
Appreciation Right shall be at a price per share that is at least equal to the Fair Market Value of
a share of Common Stock as of the Grant Date of such Appreciation Right.

10.2 Exercise. A participant can exercise Stock Appreciation Rights, in whole or in
part, at any time after the Vesting Date and before the Expiration Date, or, with respect to Stock
Appreciation Rights granted in connection with any Stock Option, at such time or times and to the
extent that the Stock Options to which they relate are exercisable, by giving written notice of
exercise to the Company specifying the number of Stock Appreciation Rights to be exercised. A
Stock Appreciation Right granted with a Stock Option may be exercised by an optionee by
surrendering any applicable portion of the related Stock Option in accordance with procedures
established by the Committee. To the extent provided by the Committee, Stock Options which have
been so surrendered will no longer be exercisable to the extent the related Stock Appreciation
Rights have been exercised.

10.3 Settlement. As soon as practicable after the exercise of a Stock Appreciation
Right, an optionee will be entitled to receive an amount in cash, shares of Common Stock or a
combination of cash and shares of Common Stock, as determined by the Committee, in value equal to
the excess of the Fair Market Value on the date of exercise of one share of Common Stock over the
Stock Appreciation Right price per share multiplied by the number of shares in respect of which the
Stock Appreciation Right is being exercised. Upon the exercise of a Stock Appreciation Right
granted with any Stock Option, the Stock Option or part thereof to which such Stock Appreciation
Right is related will be deemed to have been exercised for the purpose of the limitation set forth
in Section 4 Shares on the number of shares of Common Stock to be issued under the Plan,
but only to the extent of the number of shares delivered upon the exercise of the Stock
Appreciation Right.

10.4 Nontransferability. Stock Appreciation Rights will be transferable only to the
extent they are granted with any Stock Option, and only to permitted transferees of such underlying
Stock Option in accordance with the Nontransferability provisions of Section 9.

10.5 Term of Stock Appreciation Right. Each Stock Appreciation right granted to a participant
shall expire at such time as the Committee shall determine at the time of grant; however, no Stock
Appreciation Right shall be exercisable later than the tenth (10th) anniversary date of
its grant.

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SECTION 11. RESTRICTED STOCK 

11.1 Restricted Stock. The Committee is authorized to grant Restricted Stock, subject
to the terms of the Plan. Notices for Restricted Stock may be in the form of a Notice and
book-entry registration or issuance of one or more stock certificates. Any certificate issued in
respect of shares of Restricted Stock will be registered in the name of such participant and will
bear an appropriate legend referring to the terms, conditions, and restrictions applicable to such
Award, substantially in the following form:

“The transferability of this certificate and the shares of stock represented hereby
are subject to the terms and conditions, including, but not limited to, forfeiture
of the FMC Technologies, Inc. Incentive Compensation and Stock Plan and a Restricted
Stock Notice. Copies of such Plan and Notice are on file at the offices of FMC
Technologies, Inc.”

The Committee may require that the certificates evidencing such shares be held in custody by
the Company until the restrictions thereon will have lapsed and that, as a condition of any Award
of Restricted Stock, the participant will have delivered a stock power, endorsed in blank, relating
to the Common Stock covered by such Award. The Notice or certificates will indicate any applicable
Performance Goals, any applicable designation of the Restricted Stock as a Qualified
Performance-Based Award and the form of payment.

11.2 Participant Rights. Subject to the terms of the Plan and the Notice or
certificate of Restricted Stock, the participant will not be permitted to sell, assign, transfer,
pledge or otherwise encumber shares of Restricted Stock until the later of the Vesting Date and the
date any applicable Performance Goals are satisfied. Except as provided in the Plan and the Notice
or certificate of the Restricted Stock, the participant will have, with respect to the shares of
Restricted Stock, Dividend Equivalent Rights, if so granted.

11.3 Settlement. As soon as practicable after the later of the Vesting Date and the
date any applicable Performance Goals are satisfied and prior to the Expiration Date, unlegended
certificates for such shares of Common Stock will be delivered to the participant upon surrender of
any legended certificates, if applicable.

SECTION 12 PERFORMANCE UNITS, STOCK UNITS OR RESTRICTED STOCK UNITS

12.1 Performance Units, Stock Units or Restricted Stock Units. The Committee is
authorized to grant Performance Units, Stock Units or Restricted Stock Units, subject to the terms
of the Plan. Notices of Performance Units will indicate any applicable Performance Goals, any
applicable designation of the Award as a Qualified Performance-Based Award and the form of payment.

12.2 Settlement. Except as otherwise provided in Section 14, as soon as practicable
after the later of the Vesting Date and the date any applicable Performance Goals are satisfied,
but in any event within seventy (70) days following the later of such events, Performance Units,
Stock Units or Restricted Stock Units will be paid in the manner as provided in the Notice.
Payment of Performance Units, Stock Units or Restricted Stock Units will be made in an amount of
cash equal to the Fair Market Value of one share of Common Stock multiplied by the number of
Performance Units, Stock Units or Restricted Stock Units earned or, if applicable, in a number of
shares of Common Stock equal to the number of Performance Units, Stock Units or Restricted Stock
Units earned, each as determined by the Committee. .

SECTION 12. OTHER AWARDS

The Committee is authorized to make, either alone or in conjunction with other Awards, Awards
of cash or Common Stock and Awards that are valued in whole or in part by reference to, or are
otherwise based upon, Common Stock, including, without limitation, convertible debentures.

SECTION 13. NON-EMPLOYEE DIRECTOR AWARDS

14.1 Annual Retainer. Each Non-Employee Director will receive an Annual Retainer in
such amount as will be determined from time to time by the Board. Until changed by resolution of
the Board, the Grant Date of the Annual Retainer will be May 1 of each year, and the amount of the
Annual Retainer will be reviewed and adjusted only by Board resolution. At least $25,000 of the
retainer may be paid in the form of Stock Units or Restricted Units on the Grant Date, provided the
Non-Employee Director makes an irrevocable election to receive such Stock Units or Restricted Stock
Units in lieu of cash on or before December 31 of the year prior to the fiscal year in which the
Annual Retainer is to be earned, and the remainder of which will be paid in cash in quarterly
installments within seventy (70) days following the end of each calendar quarter. The number of
Stock Units or Restricted Stock Units constituting the Annual Retainer for each Non-Employee
Director will be equal to the number obtained by dividing the value of the retainer which the
Non-Employee Director has elected to defer by the Fair Market Value of the Common Stock on the
Grant Date.

14.2 Annual Award. In addition to the Annual Retainer, the Board has the authority to
grant Non-Employee Directors Stock Options, Restricted Stock, Stock Units or Restricted Stock
Units, subject to the terms of the Plan.

14.3 Meeting Fees. Each Non-Employee Director will receive a meeting fee in such
amount as will be determined from time to time by the Board for attending each meeting of the Board
and its committees, including extraordinary and special meetings. The meeting fee will be reviewed
by the Board and may only be changed by a resolution of the Board. It is payable in cash within
seventy (70) days following the end of each calendar quarter.

14.4 Committee Chairman Fees. Each Non-Employee Director who serves as a chairman of
a committee of the Board will receive a committee chairman fee in such amount as determined by the
Board for the tenure of such service. The Committee chairmen fee may vary among the committees and
may only be changed upon a resolution of the Board. It is payable in cash in quarterly installments
within seventy (70) days following the end of each calendar quarter.

14.5 Vesting. Awards granted to Non-Employee Directors, including the portion of the
Annual Retainer paid in the form of Stock Units or Restricted Stock Units under Section 14.1, will
have a Vesting Date as determined by the Board. Unless otherwise provided in the Award, such
Vesting Date will be the date of the Company’s annual stockholder’s meeting next following the
Grant Date.

14.6 Separation from Service. Except as provided below, if a Non-Employee Director
has a Separation from Service prior to the Vesting Date of a Stock Unit or Restricted Stock Unit,
any unvested Stock Units or Restricted Stock Units are forfeited and all further rights of the
Non-Employee Director to or with respect to such Stock Units or Restricted Stock Units terminate.
If a Non-Employee Director dies while serving as a director of the Company, any vested Stock Units
or Restricted Stock Units will be paid to the person designated in the Non-Employee Director’s last
will and testament or, in the absence of such designation, to his or her estate. Upon death or
disability, any unvested Stock Units or Restricted Stock Units will vest and become payable in a
proportionate amount, based upon the full months of service completed during the vesting period
from the Grant Date to the date of death or disability. Any unvested Stock Units or Restricted
Stock Units vest and become immediately payable upon a Change in Control. For purposes of this
section 14.6, the term disability shall have such meaning as is set forth under Section 409A of the
Internal Revenue Code of 1986, as amended (the “Code”).

14.7 Settlement. Payments with respect to Stock Units or Restricted Stock Units of a
Non-Employee Director will be made in shares of Common Stock issued to the Non-Employee Director as
soon as practicable after his or her Separation from Service, but in any event within seventy (70)
days following such Separation from Service. Stock Units or Restricted Stock Units will be valued
using the Fair Market Value of Common Stock on the last business day of his or her service on the
Board. Notwithstanding anything herein to the contrary, payments with respect to Stock Units or
Restricted Stock Units will also be made in shares of Common Stock upon the occurrence of a Change
in Control.

SECTION 14. CHANGE IN CONTROL

15.1 Impact of Change in Control. Notwithstanding any other provision of the Plan to
the contrary, in the event of a Change in Control, as of the date such Change in Control is
determined to have occurred, any outstanding:

	 	(a)	 	Stock Options and Stock Appreciation Rights become fully exercisable and vested
to the full extent of the original grant;

	 	(b)	 	Restricted Stock becomes free of all restrictions and becomes fully vested and
transferable to the full extent of all or a portion of the maximum amount of the
original grant as provided in the Notice, or, if not provided in the Notice, as
determined by the Committee;

	 	(c)	 	Stock Units and Restricted Stock Units are considered earned and payable to the
full extent of all or a portion of the maximum amount of the original grant as provided
in the Notice, or, if not provided in the Notice, as determined by the Committee, any
restrictions lapse and such Stock Units or Restricted Stock Units will be settled in
cash or Common Stock, as determined by the Committee, as promptly as is practicable
following the Change in Control; and

	 	(d)	 	Management Incentive Awards become fully vested to the full extent of all or a
portion of the maximum amount of the original grant as provided in the Notice, or, if
not provided in the Notice, as determined by the Committee, and such Management
Incentive Awards will be settled in cash or Common Stock, as determined by the
Committee, as promptly as is practicable following the Change in Control.

The Committee may also make additional substitutions, adjustments and/or settlements of
outstanding Awards as it deems appropriate and consistent with the Plan’s purposes.

15.2 Definition of Change in Control. For purposes of the Plan, a “Change in Control”
means either a “Change in Ownership,” a “Change in Effective Control,” or a “Change in Ownership of
a Substantial Portion of Assets,” as defined below:

“Change in Ownership”: A Change in Ownership of the Company occurs on the date that any one
person, or more than one Person Acting as a Group (as defined below), acquires ownership of stock
of the Company that, together with stock held by such person or group, constitutes more than 50% of
the total fair market value or total voting power of the stock of the Company. However, if any one
person or more than one Person Acting as a Group, is considered to own more than 50% of the total
fair market value or total voting power of the stock of the Company, the acquisition of additional
stock by the same person or persons is not considered to cause a Change in Ownership of the Company
(or to cause a Change in Effective Control of the Company). An increase in the percentage of stock
owned by any one person, or Persons Acting as a Group, as a result of a transaction in which the
Company acquires its stock in exchange for property will be treated as an acquisition of stock.
This applies only when there is a transfer of stock of the Company (or issuance of stock of the
Company) and stock in the Company remains outstanding after the transaction.

Persons Acting as a Group: Persons will not be considered to be acting as a group solely because
they (i) purchase or own stock of the same corporation at the same time, or as a result of the same
public offering, or (ii) purchase assets of the same corporation at the same time. However,
persons will be considered to be acting as a group if they are owners of a corporation that enters
into a merger, consolidation, purchase or acquisition of stock or assets, or similar business
transaction with the Company. If a person, including an entity, owns stock in both corporations
that enter into a merger, consolidation, purchase or acquisition of stock or assets, or similar
transaction, such shareholder is considered to be acting as a group with other shareholders in a
corporation only with respect to the ownership in that corporation prior to the transaction giving
rise to the change and not with respect to the ownership interest in the other corporation.

“Change in Effective Control”: A Change in Effective Control of the Company occurs on the date
that either –

	 	(i)	 	Any one person, or more than one Person Acting as a Group, acquires (or has
acquired during the 12-month period ending on the date of the most recent acquisition
by such person or persons) ownership of stock of the Company possessing 30% or more of
the total voting power of the stock of the Company; or

	 	(ii)	 	a majority of members of the Board is replaced during any 12-month period by
directors whose appointment or election is not endorsed by a majority of the members of
the Board prior to the date of the appointment or election.

A Change in Effective Control will have occurred only if the Covered Employee is employed by the
Company or an Affiliate upon the date of the Change in Effective Control or the Company is liable
for the payment of the benefits hereunder and no other corporation is a majority shareholder of the
Company. Further, in the absence of an event described in paragraph (i) or (ii), a Change in
Effective Control of the Company will not have occurred.

Acquisition of additional control: If any one person, or more than one Person Acting as a Group,
is considered to effectively control the Company, the acquisition of additional control of the
Company by the same person or persons is not considered to cause a Change in Effective Control of
the Company (or to cause a Change in Ownership of the Company).

“Change in Ownership of a Substantial Portion of Assets”: A Change in Ownership of a Substantial
Portion of Assets occurs on the date that any one person, or more than one Person Acting as a
Group, acquires (or has acquired during the 12-month period ending on the date of the most recent
acquisition by such person or persons) assets from the Company that have a total gross fair market
value equal to or more than 40% of the total gross fair market value of all of the assets of the
Company immediately prior to such acquisition or acquisitions. For this purpose, gross fair market
value means the value of the assets of the Company, or the value of the assets being disposed of,
determined without regard to any liabilities associated with such assets.

Transfers to a related person: There is no Change in Control when there is a transfer to an entity
that is controlled by the shareholders of the Company immediately after the transfer. A transfer
of assets by the Company is not treated as a Change of Ownership of a Substantial Portion of Assets
if the assets are transferred to –

	 	(i)	 	A shareholder of the Company (immediately before the asset transfer) in exchange
for or with respect to its stock;

	 	(ii)	 	An entity, 50% or more of the total value or voting power of which is owned,
directly or indirectly, by the Company;

	 	(iii)	 	A person, or more than one Person Acting as a Group, that owns, directly or
indirectly, 50% or more of the total value or voting power of all the outstanding stock
of the Company; or

	 	(iv)	 	An entity, at least 50% of the total value or voting power of which is owned,
directly or indirectly, by a person described in paragraph (iii).

A person’s status is determined immediately after the transfer of the assets. For example, a
transfer to a corporation in which the Company has no ownership interest before the transaction,
but which is a majority-owned subsidiary of the Company after the transaction is not treated as a
Change in Ownership of a Substantial Portion of Assets of the Company.

15.3 Change in Control Price. For purposes of the Plan, “Change in Control Price”
means the higher of (a) the highest reported sales price, regular way, of a share of Common Stock
in any transaction reported on the New York Stock Exchange or other national exchange on which such
shares are listed during the sixty (60)-day period prior to and including the date of a Change in
Control; or (b) if the Change in Control is the result of a tender or exchange offer or a Corporate
Transaction, the highest price per share of Common Stock paid in such tender or exchange offer or
Corporate Transaction; provided, however, that in the case of Incentive Stock Options and Stock
Appreciation Rights relating to Incentive Stock Options, the Change in Control Price will be in all
cases the Fair Market Value of the Common Stock on the date such Incentive Stock Option or Stock
Appreciation Right is exercised. To the extent that the consideration paid in any such transaction
described above consists all or in part of securities or other noncash consideration, the value of
such securities or other noncash consideration will be determined by the Committee.

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SECTION 15. FORFEITURE OF AWARDS

Notwithstanding anything in the Plan to the contrary, the Committee may, in the event of
serious misconduct by a participant (including, without limitation, any misconduct prejudicial to
or in conflict with the Company or its Affiliates, or any Termination of Employment for Cause), or
any activity of a participant in competition with the business of the Company or any Affiliate, (a)
cancel any outstanding Award granted to such participant, in whole or in part, whether or not
vested , and/or (b) if such conduct or activity occurs within one year following the exercise or
payment of an Award, require such participant to repay to the Company any gain realized or payment
received upon the exercise or payment of such Award (with such gain or payment valued as of the
date of exercise or payment). In the event the Company’s financial statements are restated as a
result of errors, omissions or fraud, the Committee may, in good faith and to the extent an Award
exceeds what would otherwise have been awarded based on the restated financial results, (a) cancel
any outstanding Award granted, in whole or in part, whether or not vested or deferred, to officers
of the Company who are identified as being subject to Section 16 of the Securities and Exchange Act
of 1934 (Section 16 Officers), and/or (b) if such restatement occurs after the exercise or payment
of such Award, require such Section 16 Officer to repay to the Company any gain realized or payment
received upon the exercise or payment of such Award (with such gain or payment valued as of the
date of exercise or payment).Such cancellation or repayment obligation will be effective as of the
date specified by the Committee. Any repayment obligation may be satisfied in Common Stock or cash
or a combination thereof (based upon the Fair Market Value of Common Stock on the day of payment),
and the Committee may provide for an offset to any future payments owed by the Company or any
Affiliate to the participant if necessary to satisfy the repayment obligation. The determination
of whether a participant has engaged in a serious breach of conduct or any activity in competition
with the business of the Company or any Affiliate will be made by the Committee in good faith.
This Section 16 will have no application following a Change in Control.

SECTION 16. AMENDMENT AND TERMINATION

The Committee may amend, alter, or discontinue the Plan or any Award, prospectively or
retroactively, but no amendment, alteration or discontinuation may impair the rights of a recipient
of any Award without the recipient’s consent, except such an amendment made to comply with
applicable law, stock exchange rules or accounting rules.

No amendment will be made without the approval of the Company’s stockholders to the extent
such approval is required by applicable law or stock exchange rules, or, to the extent such
amendment increases the number of shares available for delivery under the Plan, or changes the
option price after the Grant Date.

5

No award of Performance Units, Stock Units or Restricted Stock Units may be granted to
Non-Employee Directors under Section 14.1 of this Plan after February 16, 2011 or if later, the
date that is ten years from the date a majority of the stockholders of the Company approve the most
version of the Plan.

SECTION 17. UNFUNDED STATUS OF PLAN

It is presently intended that the Plan constitutes an “unfunded” plan for incentive
compensation. The Committee may authorize the creation of trusts or other arrangements to meet the
obligations created under the Plan to deliver Common Stock or make payments; provided, however,
that unless the Committee otherwise determines, the existence of such trusts or other arrangements
will be consistent with the “unfunded” status of the Plan.

SECTION 18. GENERAL PLAN PROVISIONS

19.1 General Provisions. The Plan will be administered in accordance with the
following provisions and any other rule, guideline and practice determined by the Committee:

	 	(a)	 	Each person purchasing or receiving shares pursuant to an Award may be required
to represent to and agree with the Company in writing that he or she is acquiring the
            shares without a view to the distribution of the shares.

	 	(b)	 	The certificates for shares issued under an Award may include any legend which
the Committee deems appropriate to reflect any restrictions on transfer.

	 	(c)	 	Notwithstanding any other provision of the Plan, any Award, any Notice or any
other agreements made pursuant thereto, the Company is not required to issue or deliver
any shares of Common Stock prior to fulfillment of all of the following conditions:

	 	(i)	 	Listing or approval for listing upon notice of issuance, of
such shares on the New York Stock Exchange, Inc., or such other securities
exchange as may at the time be the principal market for the Common Stock;

	 	(ii)	 	Any registration or other qualification of such shares of the
Company under any state or federal law or regulation, or the maintaining in
effect of any such registration or other qualification which the Committee
deems necessary or advisable; and

	 	(iii)	 	Obtaining any other consents, approval, or permit from any
state or federal governmental agency which the Committee deems necessary or
advisable.

6

	 	(d)	 	The Company will not issue fractions of shares. Whenever, under the terms of
the Plan, a fractional share would otherwise be required to be issued, the participant
will be paid at Fair Market Value for such fractional share by rounding down the number
of shares received to the nearest whole number and paying in cash the value of the
fractional share.

	 	(e)	 	In the case of a grant of an Award to any Eligible Individual of an Affiliate
of the Company, the Company may, if the Committee so directs, issue or transfer the
            shares of Common Stock, if any, covered by the Award to the Affiliate, for such lawful
consideration as the Committee may specify, upon the condition or understanding that
the Affiliate will transfer the shares of Common Stock to the Eligible Individual in
accordance with the terms of the Award specified by the Committee pursuant to the
provisions of the Plan. All shares of Common Stock underlying Awards that are
forfeited or canceled revert to the Company.

19.2 Employment. The Plan will not constitute a contract of employment, and adoption
of the Plan will not confer upon any employee any right to continued employment, nor will it
interfere in any way with the right of the Company or an Affiliate to terminate at any time the
employment of any employee or the membership of any director on a board of directors or any
consulting arrangement with any Eligible Individual.

19.3 Tax Withholding Obligations. No later than the date as of which an amount first
becomes includible in the gross income of the participant for federal income tax purposes with
respect to any Award under the Plan, the participant will pay to the Company, or make arrangements
satisfactory to the Company regarding the payment of, any federal, state, local or foreign taxes of
any kind required by law to be withheld with respect to such amount. Unless otherwise determined
by the Company, withholding obligations may be settled with Common Stock, including Common Stock
that is part of the Award that gives rise to the withholding requirement; provided that not more
than the legally required minimum withholding may be settled with Common Stock. The obligations of
the Company under the Plan will be conditional on such payment or arrangements, and the Company and
its Affiliates will, to the extent permitted by law, have the right to deduct any such taxes from
any payment otherwise due to the participant. The Committee may establish such procedures as it
deems appropriate, including making irrevocable elections, for the settlement of withholding
obligations with Common Stock.

19.4 Beneficiaries. The Committee will establish such procedures as it deems
appropriate for a participant to designate a beneficiary to whom any amounts payable in the event
of the participant’s death are to be paid or by whom any rights of the participant, after the
participant’s death, may be exercised.

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19.5 Governing Law. The Plan and all Awards made and actions taken thereunder will be
governed by and construed in accordance with the laws of the State of Delaware, without reference
to principles of conflict of laws. Notwithstanding anything herein to the contrary, in the event an
Award is granted to Eligible Individual who is employed or providing services outside the United
States and who is not compensated from a payroll maintained in the United States, the Committee may
modify the provisions of the Plan and/or any such Award as they pertain to such individual to
comply with and account for the tax and accounting rules of the applicable foreign law so as to
maintain the benefit intended to be provided to such participant under the Award.

19.6 409A. Except for Section 14 of the Plan, the Plan is not intended to provide for
the “deferral of compensation” under Section 409A of the Code and, as a result, the Plan (except
for Section 14) is not intended to be subject to 409A of the Code. The Plan (except for Section
14) shall, as a result, be administered and interpreted in a manner consistent with such intent.
Section 14 of the Plan is intended, in part, to provide for the “deferral of compensation” under
409A of the Code and, as a result, is intended to be subject to 409A of the Code. Section 14 of
the Plan shall therefore be administered and interpreted in a manner consistent with such intent.

19.7 Nontransferability. Except as otherwise provided in Section 9 Stock
Options and Section 10 Stock Appreciation Rights, or by the Committee, Awards under the
Plan are not transferable except by will or by laws of descent and distribution.

19.8 Severability. Wherever possible, each provision of the Plan and of each Award
and of each Notice will be interpreted in such a manner as to be effective and valid under
applicable law. If any provision of the Plan, any Award or any Notice is found to be prohibited by
or invalid under applicable law, then (a) such provision will be deemed amended to and to have
contained from the outset such language as will be necessary to accomplish the objectives of the
provision as originally written to the fullest extent permitted by law; and (b) all other
provisions of the Plan and any Award will remain in full force and effect.

19.9 Strict Construction. No rule of strict construction will be applied against the
Company, the Committee or any other person in the interpretation of the terms of the Plan, any
Award, any Notice, any other agreement or any rule or procedure established by the Committee.

19.10 Stockholder Rights. Except as otherwise provided herein, no participant will
have dividend, voting or other stockholder rights by reason of a grant of an Award or a settlement
of an Award in cash.

8

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