Document:

exv10wq

 

Exhibit 10.Q

RESTRICTED STOCK AGREEMENT

	 	 	 	 	 
	GRANTED TO
	 	SOCIAL SECURITY NO.
	 	NUMBER OF SHARES
	 	 	 	 	 
	xxxxxxxxxxxxx
	 	xxx-xx-xxxx
	 	xxxxx
	
 	 	 	 	 
	GRANT DATE
	 	STOCK PRICE
	 	RESTRICTION PERIOD ENDS ON:
	 	 	 	 	 
	xxxxxxxxxxxxxx
	 	TBD
	 	xxxxx Shares — xxxxxxxxx
	 
	 	 	 	xxxxx Shares — xxxxxxxxx

JOHNSON CONTROLS, INC.

RESTRICTED STOCK PLAN

This certifies that on ____________, Johnson Controls, Inc., shall grant a Restricted Stock
Award as indicated above, upon the terms and conditions in this Agreement and the terms of the
Restricted Stock Plan dated October 1, 2001, which terms the Participant accepts.

Johnson Controls, Inc., a Wisconsin corporation, has its principal office in Milwaukee, Wisconsin,
(the “Company”). The Restricted Stock Plan (the “Plan”) was adopted October 1, 2001, to allow
Restricted Shares or Restricted Share Units of the Company’s common stock (“Shares”) to be granted
to certain key employees of the Company or any Subsidiary, as defined in Section 425(f) of the
Internal Revenue Code of 1986, as amended (“Subsidiary”).

The individual named in this agreement (the “Participant”) is a key employee of the Company or a
Subsidiary, and the Company desires the Participant to remain in such employ by providing the
Participant with a means to increase his/her proprietary interest in the Company’s success. The
Plan and this Agreement shall be administered by the Compensation Committee of the Board of
Directors (the “Committee”). If at any time the Committee shall not be in existence, the Board
shall administer the Plan and this Agreement and each reference to the Committee herein shall be
deemed to include the Board.

 

 

The parties mutually agree as follows:

	1.	 	Grant of Award. Subject to the terms and conditions of the Plan, a copy of which
has been delivered to the Participant and made a part hereof, and this Agreement, the
Company grants to the Participant an award of Restricted Shares on the date and with
respect to the number of Shares specified above. The Participant may elect, prior to or
within thirty (30) days after the grant date, to convert the Award, in whole or in part,
to Restricted Share Units. If the Participant fails to make an election, the Award shall
remain in the form of Restricted Shares. Any capitalized terms not defined in this
Agreement will have the meanings provided in the Plan.
	 
	2.	 	Restricted Shares. If the Award is in the form of Restricted Shares, the
Restricted shares are subject to the following provisions:
	 
	 	 	Restriction Period. The Company will hold the Restricted Shares in escrow for the
Restriction Period. During this period, the Participant may not sell, transfer, pledge,
assign or otherwise use these Restricted Shares, and the Restricted Shares shall be subject
to forfeiture as provided in Section 4.
	 
	 	 	Each certificate representing Restricted Shares will bear a restrictive legend while held in
escrow.

	 	a)	 	Removal of Restrictions. Restricted Shares that have not been forfeited
shall become available to the Participant after the last day of the Restriction Period.
Once the Shares are released from the restrictions, the legend shall be removed from
the Participant’s stock certificate.
	 
	 	b)	 	Voting Rights. During the Restriction Period, the Participant may exercise
full voting rights with respect to the Restricted Shares.
	 
	 	c)	 	Dividends and Other Distributions. Any dividends or other distributions
paid or delivered with respect to Restricted Shares will be subject to the same terms
and conditions (including risk of forfeiture) as the Restricted Shares to which they
relate. All dividends or other distributions paid or delivered with respect to
Restricted Shares during the Restriction Period shall be allocated to a Share Unit
account or other investment account selected by the Participant under the Deferred
Compensation Plan.

	3.	 	Restricted Share Units. If the Participant elects to convert all or part of this
Award to Restricted Share Units, the Restricted Share Units are subject to the following
terms:

	 	a)	 	Establishment of Account. The Company shall establish a bookkeeping
account under the Deferred Compensation Plan to which shall be credited the number of
Restricted Share Units elected. During the Restriction Period, the Restricted Share
Unit account will be subject to a risk of forfeiture as provided in Section 4.
	 
	 	b)	 	Alienation of Account. The Participant (or beneficiary) shall not have any
right to assign, transfer, pledge, encumber or otherwise use the Restricted Share Unit
account (including after the Restriction Period has lapsed).

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	 	c)	 	Dividends and Other Distributions. The Participant’s Restricted Share Unit
account shall be credited for any dividends or other distributions delivered on Shares
equivalent to the number of Restricted Share Units credited to such account, whether in the form of cash
or in property, in accordance with the terms of the Deferred Compensation Plan. Such
credit shall be subject to the same terms and conditions (including risk of forfeiture)
as the Restricted Share Units to which they relate.
	 
	 	d)	 	Payment of Account. The value of the Participant’s Share Unit account as
to which the Restriction Period has lapsed shall be paid to the Participant (or his
beneficiary) in accordance with the terms of the Deferred Compensation Plan.

	4.	 	Termination of Employment — Risk of Forfeiture.

	 	a)	 	Retirement. If the Participant terminates employment from the Company and
its Subsidiaries due to Retirement, any remaining Restriction Period shall continue as
if the Participant continued in active employment. If the Participant engages in
Inimical Conduct after his Retirement, as determined by the Committee, any Restricted
Shares and/or Restricted Share Units still subject to a Restriction Period shall
automatically be forfeited as of the date of the Committee’s determination.
	 
	 	b)	 	Death or Disability. If the Participant’s employment from the Company and
its Subsidiaries terminates because of death or Total and Permanent Disability at a
time when the Participant could not have been terminated for Cause, or if the
Participant dies after Retirement while this Award is still subject to the Restriction
Period, any remaining Restriction Period shall automatically lapse as of the date of
such termination of employment or death, as applicable.
	 
	 	c)	 	Other Termination. If the Participant’s employment terminates for any
reason not described above, then any Restricted Shares and/or Restricted Share Units
(and all deferred dividends paid or credited thereon) still subject to the Restriction
Period as of the date of such termination shall automatically be forfeited and returned
to the Company. In the event of the Participant’s involuntary termination of
employment by the Company or a Subsidiary for other than Cause, the Committee may waive
the automatic forfeiture of any or all such Shares or Share Units (and all deferred
dividends paid or credited thereon) and may add such new restrictions to such
Restricted Shares or Restricted Share Units as it deems appropriate. The Company may
suspend payment or delivery of Shares (without liability for interest thereon) pending
the Committee’s determination of whether the Participant was or should have been
terminated for Cause or whether the Participant has engaged in Inimical Conduct.

	5.	 	Amendment of Agreement. The Committee, subject to the provisions of the Restricted
Stock Plan, may amend this award agreement.
	 
	6.	 	Withholding. The Participant agrees to remit to the Company any foreign, Federal,
state and/or local taxes (including the Participant’s FICA obligation) required by law to be
withheld with respect to the issuance of Shares or the vesting and/or distribution of the
Participant’s Share Unit account. The Company can withhold Shares no longer restricted, or
can withhold from other cash or property payable to the Participant, in the amount needed to
satisfy any withholding obligations.

- 3 -

 

	 	 	The Participant may elect to tender to the Company previously acquired Shares to satisfy the
minimum tax withholding obligations. The value of the Shares to be tendered is to be based on
the Fair Market Value of the Shares on the date that the amount of tax to be withheld is
determined.
	 
	7.	 	Securities Compliance. The Company may place a legend or legends upon the certificates
for Shares issued under the Plan and may issue “stop transfer” instructions to its transfer
agent in respect of such Shares as it determines to be necessary or appropriate to (a) prevent
a violation of, or to obtain an exemption from, the registration requirements of the
Securities Act, applicable state securities laws or other legal requirements, or (b) implement
the provisions of the Plan or any agreement between the Company and the Participant with
respect to such Shares.
	 
	8.	 	Successors. All obligations of the Company under this Agreement shall be binding on
any successor to the Company. The terms of this Agreement and the Plan shall be binding upon
and inure to the benefit of the Participants, heirs, executors, administrators or legal
representatives.
	 
	9.	 	Legal Compliance. The granting of this Award and the issuance of Shares under this
Agreement shall be subject to all applicable laws, rules, and regulations and to such
approvals by any governmental agencies or national securities exchanges as may be required.
	 
	10.	 	Governing Law; Arbitration. This Agreement and the rights and obligations hereunder
shall be governed by and construed in accordance with the internal laws of the State of
Wisconsin.

Arbitration will be conducted per the provisions in the Restricted Stock Plan.

 

This Agreement, and any documents expressly incorporated herein, contains all of the provisions
applicable to the Restricted Stock Award. No other statements, documents or practices may
modify, waive or alter such provisions unless expressly set forth in writing, signed by an
authorized officer of the Company and delivered to the Participant.

IN WITNESS WHEREOF, the Company has caused this Restricted Stock Agreement to be executed by
one of its duly authorized officers, and the Participant has consented to the terms of this
Agreement, as of the date of Grant specified on the front of this certificate.

	 	 	 
	 

	 	JOHNSON CONTROLS, INC.
	 
	 	 
	 

	 	Jerome D. Okarma

Vice President, Secretary and General Counsel

 

	 	 	 
	 
	 	 
	Participant
	 	Date

- 4 -exv10wr

 

Exhibit 10.R

RESTRICTED STOCK AGREEMENT

	 	 	 	 	 
	GRANTED TO
	 	SOCIAL SECURITY NO.
	 	NUMBER OF SHARES
	 	 	 	 	 
	Employee Name
	 	###-##-####
	 	####
	
 	 	 	 	 
	GRANT DATE
	 	STOCK PRICE
	 	RESTRICTION PERIOD ENDS ON:
	 	 	 	 	 
	mm/dd/yyyy
	 	$xx.xx
	 	# Shares — mm/dd/yyyy
	 
	 	 	 	# Shares — mm/dd/yyyy

JOHNSON CONTROLS, INC.

RESTRICTED STOCK PLAN

This certifies that on mm/dd/yyyy, Johnson Controls, Inc., shall grant a Restricted Stock
Award as indicated above, upon the terms and conditions in this Agreement and the terms of the
Restricted Stock Plan dated October 1, 2001, and Amended January 28, 2004, which terms the
Participant accepts.

Johnson Controls, Inc., a Wisconsin corporation, has its principal office in Milwaukee, Wisconsin,
(the “Company”). The Restricted Stock Plan (the “Plan”) was adopted October 1, 2001, to allow
Restricted Shares or Restricted Share Units of the Company’s common stock (“Shares”) to be granted
to certain key employees of the Company or any Subsidiary, as defined in Section 425(f) of the
Internal Revenue Code of 1986, as amended (“Subsidiary”).

The individual named in this agreement (the “Participant”) is a key employee of the Company or a
Subsidiary, and the Company desires the Participant to remain in such employ by providing the
Participant with a means to increase his/her proprietary interest in the Company’s success. The
Plan and this Agreement shall be administered by the Compensation Committee of the Board of
Directors (the “Committee”). If at any time the Committee shall not be in existence, the Board
shall administer the Plan and this Agreement and each reference to the Committee herein shall be
deemed to include the Board.

 

 

The parties mutually agree as follows:

	1.	 	Grant of Award. Subject to the terms and conditions of the Plan, a copy of which has
been delivered to the Participant and made a part hereof, and this Agreement, the Company
grants to the Participant an award of Restricted Shares on the date and with respect to the
number of Shares specified above. The Participant may elect, prior to or within thirty (30)
days after the grant date, to convert the Award, in whole or in part, to Restricted Share
Units. If the Participant fails to make an election, the Award shall remain in the form of
Restricted Shares. Any capitalized terms not defined in this Agreement will have the
meanings provided in the Plan.

	2.	 	Restricted Shares. If the Award is in the form of Restricted Shares, the Restricted
shares are subject to the following provisions:
	 
	 	 	Restriction Period. The Company will hold the Restricted Shares in escrow for the Restriction
Period. During this period, the Participant may not sell, transfer, pledge, assign or
otherwise use these Restricted Shares, and the Restricted Shares shall be subject to forfeiture
as provided in Section 4.
	 
	 	 	Restricted Shares will be held in a book entry share position, subject to a notation concerning
the restrictions to which Restricted Shares are subject, while held in escrow.

	 	a)	 	Removal of Restrictions. Restricted Shares that have not been forfeited shall
become available to the Participant after the last day of the Restriction Period. Once
the Shares are released, the restrictions shall be removed from the Participant’s book
entry share position.
	 
	 	b)	 	Voting Rights. During the Restriction Period, the Participant may exercise
full voting rights with respect to the Restricted Shares.
	 
	 	c)	 	Dividends and Other Distributions. Any dividends or other distributions paid
or delivered with respect to Restricted Shares will be subject to the same terms and
conditions (including risk of forfeiture) as the Restricted Shares to which they relate.
All dividends or other distributions paid or delivered with respect to Restricted Shares
during the Restriction Period shall be allocated to a Share Unit account under the
Deferred Compensation Plan.
	 
	 	d)	 	Payment of Dividends. The value of the Participant’s Share Unit account as to
which the Restriction Period has lapsed shall be paid to the Participant (or his
beneficiary).

	3.	 	Restricted Share Units. If the Participant elects to convert all or part of this
Award to Restricted Share Units, the Restricted Share Units are subject to the following
terms:

	 	a)	 	Establishment of Account. The Company shall establish a bookkeeping account
under the Deferred Compensation Plan to which shall be credited the number of Restricted
Share Units elected. During the Restriction Period, the Restricted Share Unit account
will be subject to a risk of forfeiture as provided in Section 4.
	 
	 	b)	 	Alienation of Account. The Participant (or beneficiary) shall not have any
right to assign, transfer, pledge, encumber or otherwise use the Restricted Share Unit
account (including after the Restriction Period has lapsed).
	 
	 	c)	 	Dividends and Other Distributions. The Participant’s Restricted Share Unit
account shall be credited for any dividends or other distributions delivered on Shares
equivalent to the number of Restricted Share Units credited to such account, whether in
the form of cash or in property, in accordance with the terms of the Deferred Compensation Plan. Such credit shall be subject to the same terms and conditions (including risk of forfeiture) as the Restricted Share
Units to which they relate.

- 2 -

 

	 	d)	 	Payment of Account. The value of the Participant’s Share Unit account as to
which the Restriction Period has lapsed shall be paid to the Participant (or his
beneficiary) in accordance with the terms of the Deferred Compensation Plan.

4. Termination of Employment — Risk of Forfeiture.

	 	a)	 	Retirement. If the Participant terminates employment from the Company and its
Subsidiaries due to Retirement, any remaining Restriction Period shall continue as if the
Participant continued in active employment. If the Participant engages in Inimical
Conduct after his Retirement, as determined by the Committee, any Restricted Shares and/or
Restricted Share Units still subject to a Restriction Period shall automatically be
forfeited as of the date of the Committee’s determination.
	 
	 	b)	 	Death or Disability. If the Participant’s employment from the Company and its
Subsidiaries terminates because of death or Total and Permanent Disability at a time when
the Participant could not have been terminated for Cause, or if the Participant dies after
Retirement while this Award is still subject to the Restriction Period, any remaining
Restriction Period shall automatically lapse as of the date of such termination of
employment or death, as applicable.
	 
	 	c)	 	Other Termination. If the Participant’s employment terminates for any reason
not described above, then any Restricted Shares and/or Restricted Share Units (and all
deferred dividends paid or credited thereon) still subject to the Restriction Period as of
the date of such termination shall automatically be forfeited and returned to the Company.
In the event of the Participant’s involuntary termination of employment by the Company or
a Subsidiary for other than Cause, the Committee may waive the automatic forfeiture of any
or all such Shares or Share Units (and all deferred dividends paid or credited thereon)
and may add such new restrictions to such Restricted Shares or Restricted Share Units as
it deems appropriate. The Company may suspend payment or delivery of Shares (without
liability for interest thereon) pending the Committee’s determination of whether the
Participant was or should have been terminated for Cause or whether the Participant has
engaged in Inimical Conduct.

	5.	 	Amendment of Agreement. The Committee, subject to the provisions of the Restricted
Stock Plan, may amend this award agreement.

	6.	 	Withholding. The Participant agrees to remit to the Company any foreign, Federal,
state and/or local taxes (including the Participant’s FICA obligation) required by law to be
withheld with respect to the issuance of Shares or the vesting and/or distribution of the
Participant’s Share Unit account. The Company can withhold Shares no longer restricted, or
can withhold from other cash or property payable to the Participant, in the amount needed to
satisfy any withholding obligations.
	 
	 	 	The Participant may elect to tender to the Company previously acquired Shares to satisfy the
minimum tax withholding obligations. The value of the Shares to be tendered is to be based on
the Fair Market Value of the Shares on the date that the amount of tax to be withheld is
determined.

- 3 -

 

	7.	 	Securities Compliance. The Company may place a legend or legends upon the
certificates for Shares issued under the Plan, or notations relating to book entry share
positions, and may issue “stop transfer” instructions to its transfer agent in respect of
such Shares as it determines to be necessary or appropriate to (a) prevent a violation of, or to obtain an exemption from, the
registration requirements of the Securities Act, applicable state securities laws or other
legal requirements, or (b) implement the provisions of the Plan or any agreement between the
Company and the Participant with respect to such Shares.

	8.	 	Successors. All obligations of the Company under this Agreement shall be binding on
any successor to the Company. The terms of this Agreement and the Plan shall be binding upon
and inure to the benefit of the Participants, heirs, executors, administrators or legal
representatives.

	9.	 	Legal Compliance. The granting of this Award and the issuance of Shares under this
Agreement shall be subject to all applicable laws, rules, and regulations and to such
approvals by any governmental agencies or national securities exchanges as may be required.

	10.	 	Governing Law; Arbitration. This Agreement and the rights and obligations hereunder
shall be governed by and construed in accordance with the internal laws of the State of
Wisconsin.

Arbitration will be conducted per the provisions in the Restricted Stock Plan.

 

This Agreement, and any documents expressly incorporated herein, contains all of the provisions
applicable to the Restricted Stock Award. No other statements, documents or practices may modify,
waive or alter such provisions unless expressly set forth in writing, signed by an authorized
officer of the Company and delivered to the Participant.

IN WITNESS WHEREOF, the Company has caused this Restricted Stock Agreement to be executed by one
of its duly authorized officers, and the Participant has consented to the terms of this Agreement,
as of the date of Grant specified on the front of this certificate.

	 	 	 
	 

	 	JOHNSON CONTROLS, INC.
	 
	 	 
	 

	 	Jerome D. Okarma

Vice President, Secretary and General Counsel

 

	 	 	 
	 
	 	 
	Participant
	 	Date

- 4 -

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