Document:

EX-10.5

 Exhibit 10.5 
 Federal Signal Corporation 
 2005 Executive Incentive Compensation Plan (2010
Restatement) 
 Restricted Stock Award Agreement 
 You have been selected to receive a grant of Restricted Stock pursuant to the Federal Signal Corporation 2005 Executive Incentive Compensation Plan (2010 Restatement) (the “Plan”), as specified
below: 
  

																	
	Participant:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
									
	Date of Grant:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
							
	Number of Shares of Restricted Stock Granted:	 	 	 	 	 	 	 	 	 	 	 	

 Lapse of Restriction Dates: Restrictions placed on the Shares of Restricted Stock shall lapse on
the date and in the amount listed below: 
  

					
	 Date on Which Restrictions Lapse
	  	
Number of Shares for
Which Restrictions Lapse
	  	 Cumulative Number of Shares for
Which Restrictions
Lapse

		  		  	
		  		  	
		  		  	

 This document constitutes part of the prospectus covering 

securities that have been registered under the Securities Act of 1933. 

THIS AGREEMENT, effective as of the Date of Grant set forth above, represents the grant of Shares of Restricted Stock by Federal Signal
Corporation, a Delaware corporation (together with its wholly owned subsidiaries hereinafter referred to as the “Company”), to the Participant named above, pursuant to the provisions of the Plan. 

The Plan provides a complete description of the terms and conditions governing the Restricted Stock. If there is any inconsistency
between the terms of this Award Agreement and the terms of the Plan, the Plan’s terms shall completely supersede and replace the conflicting terms of this Award Agreement. All capitalized terms shall have the meanings ascribed to them in the
Plan, unless specifically set forth otherwise herein. The parties hereto agree as follows: 
 1. Employment With the
Company. Except as may otherwise be provided in Sections 5(a), 6 or 7, the Restricted Stock granted hereunder is granted on the condition that the Participant remains an Employee of the Company from the Date of Grant through (and including) each
of the separate Lapse of Restriction Dates, as set forth above (each such time period is referred to herein as a “Period of Restriction”). 
 This grant of Restricted Stock shall not confer any right to the Participant (or any other Participant) to be granted Restricted Stock or other Awards in the future under the Plan. 

2. Certificate Legend. Each certificate representing Shares of Restricted Stock granted pursuant to the Plan shall bear the
following legend: 
 “The sale or transfer of Shares of stock represented by this certificate, whether voluntary,
involuntary, or by operation of law, is subject to certain restrictions on transfer as set forth in the Federal Signal Corporation 2005 Executive Incentive Compensation Plan (2010 Restatement), and in the associated Award Agreement. A copy of this
Plan and such Award Agreement may be obtained from Federal Signal Corporation.” 

 3. Removal of Restrictions. Except as may otherwise be provided herein and in the
Plan, the Shares of Restricted Stock granted pursuant to this Award Agreement shall become freely transferable by the Participant on the date and in the amount set forth under the Lapse of Restriction Dates above, subject to applicable federal and
state securities laws. Once Shares of Restricted Stock are no longer subject to any restrictions, the Participant shall be entitled to have the legend required by Section 2 of this Award Agreement removed from the applicable stock certificates.

 4. Voting Rights and Dividends. During the Period of Restriction, the Participant may exercise full voting rights and
shall accrue all dividends and other distributions paid with respect to the Shares of Restricted Stock while they are held. If any such dividends or distributions are paid in Shares, such Shares shall be subject to the same restrictions on
transferability as are the Shares of Restricted Stock with respect to which they were paid. 
 5. Termination of
Employment.  
  

	 	(a)	By Death or Disability. In the event the employment of the Participant is terminated due to death, or Disability (as determined by the Committee) during the
Periods of Restriction, the Periods of Restriction and the restrictions imposed on the Shares of Restricted Stock held by the Participant at the time of his or her death, or Disability shall immediately lapse with all such Shares becoming
immediately transferable by the Participant or his or her estate, subject to applicable federal and state securities laws. For the purposes of this Award Agreement, “Disability” shall have the meaning ascribed to such term in the
Participant’s governing long-term disability plan, or if no such plan exists, at the discretion of the Committee. 

  

	 	(b)	Termination for Other Reasons. If the employment of the Participant shall terminate for any reason other than the reasons set forth in Section 5(a) above or
Section 7 below, during the Periods of Restriction, all Shares of Restricted Stock held by the Participant at the time of employment termination and still subject to a Period of Restriction or other restrictions shall be forfeited by the
Participant to the Company. The transfer of employment of the Participant between the Company and any affiliate or subsidiary (or between affiliates and/or subsidiaries) shall not be deemed a termination of employment for the purposes of this Award
Agreement. 

 6. Change in Control. Notwithstanding anything to the contrary in this Award Agreement, in
the event of a Change in Control of the Company (as that term is defined in the Company’s Change in Control Policy) during the Periods of Restriction and prior to the Participant’s termination of employment with the Company and its
subsidiaries, the Periods of Restriction and restrictions imposed on the Shares of Restricted Stock shall immediately lapse, with all such Shares of Restricted Stock vesting and becoming freely transferable by the Participant, subject to applicable
federal and state securities laws. 
 7. Acceleration of Vesting of Shares of Restricted Stock in the Event of Divestiture of
Business Segment. In the event that the “Business Segment” (as that term is defined in this Section below) in which the Participant is primarily employed as of the “Divestiture Date” (as that term is defined in this Section
below) is the subject of a “Divestiture of a Business Segment” (as that term is defined in this Section below), and such divestiture results in the termination of the Participant’s employment with the Company and its subsidiaries for
any reason, the Periods of Restriction and the restrictions imposed on the Shares of Restricted Stock subject to this Award Agreement shall immediately lapse, with all such Shares of Restricted Stock vesting and becoming freely transferable by the
Participant, subject to applicable federal and state securities laws. 
 For purposes of this Award Agreement, the term
“Business Segment” shall mean a business line which the Company treats as a separate business segment under the segment reporting rules under generally accepted accounting principles as used in the United States, which currently includes
the following: Safety and Security Systems Group, Fire Rescue, and Environmental Solutions Group. Likewise, the term “Divestiture Date” shall mean the date that a transaction constituting a Divestiture of a Business Segment is finally
consummated. 
 For purposes of this Award Agreement, the term “Divestiture of a Business Segment” means the
following: 
  

	 	(a)	 When used with reference to the sale of stock or other securities of a Business Segment that is or becomes a separate corporation, limited liability
company, partnership or other separate business entity, the sale, exchange, transfer, distribution or other disposition of the ownership, either beneficially or of record or both, by the Company or one of its subsidiaries to “Nonaffiliated
Persons” (as that term is defined in this Section below) of 100% of either (a) the then-outstanding common stock (or the equivalent equity interests) 

	 	
of the Business Segment or (b) the combined voting power of the then-outstanding voting securities of the Business Segment entitled to vote generally in the election of the board of
directors or the equivalent governing body of the Business Segment; 

  

	 	(b)	When used with reference to the merger or consolidation of a Business Segment that is or becomes a separate corporation, limited liability company, partnership or other
separate business entity, any such transaction that results in Nonaffiliated Persons owning, either beneficially or of record or both, 100% of either (a) the then-outstanding common stock (or the equivalent equity interests) of the Business
Segment or (b) the combined voting power of the then-outstanding voting securities of the Business Segment entitled to vote generally in the election of the board of directors or the equivalent governing body of the Business Segment; or

  

	 	(c)	When used with reference to the sale of the assets of the Business Segment, the sale, exchange, transfer, liquidation, distribution or other disposition of all or
substantially all of the assets of the Business Segment necessary or required to operate the Business Segment in the manner that the Business Segment had been operated prior to the Divestiture Date. 

For purposes of this Award Agreement, the term “Nonaffiliated Persons” shall mean any persons or business entities which do not
control, or which are not controlled by or under common control with, the Company. 
 8. Nontransferability. Unless
otherwise determined by the Committee pursuant to the terms of the Plan, during the Periods of Restriction, Shares of Restricted Stock granted pursuant to this Award Agreement may not be sold, transferred, pledged, assigned, or otherwise alienated
or hypothecated (a “Transfer”), other than by will or by the laws of descent and distribution, except as provided in the Plan. If any Transfer, whether voluntary or involuntary, of Shares of Restricted Stock is made, or if any attachment,
execution, garnishment, or lien shall be issued against or placed upon the Shares of Restricted Stock, the Participant’s right to such Shares of Restricted Stock shall be immediately forfeited by the Participant to the Company, and this Award
Agreement shall lapse. 
 9. Recapitalization. In the event there is any change in the Company’s Shares through the
declaration of stock dividends or through recapitalization resulting in stock splits or through merger, consolidation, exchange of Shares, or otherwise, the number and class of Shares of Restricted Stock subject to this Award Agreement may be
equitably adjusted by the Committee, in its sole discretion, to prevent dilution or enlargement of rights. 
 10. Tax
Withholding. The Company shall have the power and the right to deduct or withhold, or require the Participant or beneficiary to remit to the Company, an amount sufficient to satisfy federal, state, and local taxes (including the
Participant’s FICA obligation), domestic or foreign, required by law or regulation to be withheld with respect to any taxable event arising as a result of this Award Agreement. The Participant may elect, subject to any procedural rules adopted
by the Committee, to satisfy the minimum statutory withholding tax requirement, in whole or in part, by having the Company withhold Shares having an aggregate fair market value on the date the tax is to be determined, equal to such minimum statutory
withholding tax. 
 11. Other Tax Matters. The Participant shall review with his or her own tax advisors the federal,
state, local and other tax consequences, including those in addition to any tax withholding obligations, of the investment in the Restricted Shares and the transactions contemplated by this Award Agreement. The Participant has the right to file an
election under Section 83 of the Code. The filing of the 83(b) election is the responsibility of the Participant. The Participant must notify the Company of the filing on or prior to the day of making the filing. 

12. Section 409A. This Award Agreement shall be construed consistent with the intention that it be exempt from
Section 409A of the Code (together with any Department of Treasury regulations and other interpretive guidance issued thereunder, including without limitation any such regulations or other guidance that may be issued after the date hereof,
“Section 409A”). 
 13. Continuation of Employment. This Award Agreement shall not confer upon the Participant
any right to continuation of employment by the Company, nor shall this Award Agreement interfere in any way with the Company’s right to terminate the Participant’s employment at any time. 

14. Beneficiary Designation. The Participant may, from time to time, name any beneficiary or beneficiaries (who may be named
contingently or successively) to whom any benefit under this Award Agreement is to be paid in case of his or her death before he or she receives any or all of such benefit. Each such designation shall revoke all prior designations by the
Participant, shall be in a form prescribed by the Company, and will be effective only when filed by the Participant in writing with the Corporate Secretary of the Company during the Participant’s lifetime. In the absence of any such
designation, benefits remaining unpaid at the Participant’s death shall be paid to the Participant’s estate. 

			
	Beneficiary Designation (name, address, and relationship):	 	
		
	  
	 	
	  
	 	
	  
	 	

 15. Entire Award; Modification 

This Award Agreement and the Plan constitute the entire agreement between the parties with respect to the terms and supersede all prior
or written or oral negotiations, commitments, representations and agreements with respect thereto. The terms and conditions set forth in this Award Agreement may only be modified or amended in writing, signed by both parties. 

16. Severability 
 In the event any one or more of the provisions of this Award Agreement shall be held invalid, illegal or unenforceable in any respect in any jurisdiction, such provision or provisions shall be
automatically deemed amended, but only to the extent necessary to render such provision or provisions valid, legal and enforceable in such jurisdiction, and the validity, legality and enforceability of the remaining provisions of this Award
Agreement shall not in any way be affected or impaired thereby. 
 17. Miscellaneous.  

 

	 	(a)	This Award Agreement and the rights of the Participant hereunder are subject to all the terms and conditions of the Plan, as the same may be amended from time to time,
as well as to such rules and regulations as the Committee may adopt for administration of the Plan. The Committee shall have the right to impose such restrictions on any Shares acquired pursuant to this Award Agreement, as it may deem advisable,
including, without limitation, restrictions under applicable federal securities laws, under applicable federal and state tax law, under the requirements of any stock exchange or market upon which such Shares are then listed and/or traded, and under
any blue sky or state securities laws applicable to such Shares. 

 It is expressly understood that the Committee
is authorized to administer, construe, and make all determinations necessary or appropriate to the administration of the Plan and this Award Agreement, all of which shall be binding upon the Participant. 

 

	 	(b)	The Committee may terminate, amend, or modify the Plan; provided, however, that no such termination, amendment, or modification of the Plan may in any material way
adversely affect the Participant’s vested rights under this Award Agreement, without the written consent of the Participant. 

  

	 	(c)	The Participant agrees to take all steps necessary to comply with all applicable provisions of federal and state securities and tax laws in exercising his or her rights
under this Award Agreement. 

  

	 	(d)	This Award 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. 

  

	 	(e)	All obligations of the Company under the Plan and this Award Agreement, with respect to the Restricted Stock, shall be binding on any successor to the Company, whether
the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially all of the business and/or assets of the Company. 

 

	 	(f)	The Participant agrees to execute this agreement and return it to the address below within 45 days of receipt of this agreement or forfeit the awarded restricted stock
shares. 

 Federal Signal Corporation 

1415 W. 22nd Street 
 Oak Brook, Illinois 60523 
 Attention: Corporate Secretary

  

	 	(g)	To the extent not preempted by federal law, this Award Agreement shall be governed by, and construed in accordance with, the laws of the State of Illinois, without
giving effect to principles of conflict of law. 

 IN WITNESS WHEREOF, the parties have caused this Award Agreement to be executed effective as
of                     . 
  

							
		 		 	Federal Signal Corporation
				
		 		 	By:	 	  

				
	ATTEST:	 		 		 	
			
	  
	 		 	  

		 		 	ParticipantEX-10.6

 Exhibit 10.6 
 Federal Signal Corporation 
 2005 Executive Incentive Compensation Plan (2010
Restatement) 
 Restricted Stock Unit Agreement 
 You have been selected to receive a grant of Restricted Stock Units pursuant to the Federal Signal Corporation 2005 Executive Incentive Compensation Plan (2010 Restatement) (the “Plan”), as
specified below: 
  

																	
	Participant:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
									
	Date of Grant:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
							
	Number of Shares of Restricted Stock Units Granted:	 	 	 	 	 	 	 	 	 	 	 	

																	
									
	Restricted Stock Units shall vest:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
		
	    	 	

 This document constitutes part of the prospectus covering 

securities that have been registered under the Securities Act of 1933. 

FEDERAL SIGNAL CORPORATION 
 RESTRICTED STOCK UNIT 
 AWARD AGREEMENT NO. 2013 

Federal Signal Corporation (the “Company”) established the Plan pursuant to which options, stock appreciation rights,
restricted stock and stock units and performance shares covering an aggregate of 7,800,000 shares of the Stock of the Company may be granted to Participants and directors of the Company and its Subsidiaries; 

The Board of Directors of the Company, and the Administrator of the Plan appointed by the Board of Directors, has determined that the
interests of the Company will be advanced by encouraging and enabling certain of its employees to own shares of the common stock of the Company, and that Participant is one of those employees; 

NOW, THEREFORE, in consideration of services rendered and the mutual covenants herein contained, the parties agree as follows:

  

	Section 1.	Definitions 

 As used in this Award Agreement, the following terms shall have the following meanings: 
 A. “Award” means the award provided for in Section 2. 
 B.
“Board of Directors” means the Board of Directors of the Company. 
 C. “Change in Control” shall have the
meaning ascribed to that term in the Company’s Change in Control Policy. 
 D. “Date of Award” of Restricted
Stock Units means the date set forth on the Award instrument applicable those Units. 
 E. “Participant” means the
individual shown as the recipient of an award of Restricted Stock Units, as set forth on the Award instrument applicable those Units. 
 F. “Permanent Disability” means Participant is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to
result in death or can be expected to last for a continuous period of not less than twelve months. 
 G. “Restricted Stock
Unit” means the obligation of the Company to transfer one share of Stock to Participant at the time provided in Section 6 of this Award Agreement, provided such Restricted Stock Unit is vested at such time. 

 H. “Stock” means the common stock of the Company. 

I. “Subsidiary” means any corporation or other legal entity, other than the Company, in an unbroken chain of entities beginning
with the Company if, at the relevant date, each of the entities, other than the last entity in the unbroken chain, owns stock or other comparable interests possessing fifty percent or more of the total combined voting power of all classes of stock
in one of the other entities in such chain. 
 J. “Vesting Date” means the date upon which the Restricted Stock Unit
becomes vested as set forth in either Section 4 or 5 of this Award Agreement. 
  

	Section 2.	Award 

Subject to the terms of this Award Agreement, the Company awarded to Participant the number of Restricted Stock Units set forth on the
Award instrument applicable those Units, effective as of the Date of Award set forth on such instrument. 
 This grant of
Restricted Stock Units shall not confer any right to the Participant (or any other Participant) to be granted Restricted Stock Units or other awards in the future under the Plan. 

 

	Section 3.	Bookkeeping Account 

 The Company shall record the number of Restricted Stock Units granted hereunder to a bookkeeping account for Participant (the “Restricted Stock Unit Account”). Participant’s Restricted
Stock Unit Account shall be debited by the number of Restricted Stock Units, if any, forfeited in accordance with Section 4 and by the number of shares of Stock transferred to Participant in accordance with Section 6 with respect to such
Restricted Stock Units. Participant’s Restricted Stock Units also shall be adjusted from time to time for stock dividend, stock splits and other such transactions in accordance with Section 10. 

 

	Section 4.	Vesting 

 Subject to the accelerated vesting provisions provided below, the Restricted Stock Units shall vest on the third anniversary of the Date of Award, if Participant remains employed by the Company or its
Subsidiaries through such date. 
 If, while employed by the Company or its Subsidiaries, the Participant dies or experiences a
Permanent Disability before the third anniversary of the Date of Award, all of the Restricted Stock Units granted pursuant to Section 2 shall be fully vested on the date of such death or Permanent Disability, as applicable. 

If, while the Participant is employed by the Company or its Subsidiaries, a Change in Control occurs, all of the Restricted Stock Units
granted pursuant to Section 2 shall be fully vested on the date of such Change in Control. 
 In the event of the
termination of employment of Participant with the Company and its Subsidiaries for any other reason before the third anniversary of the Date of Award, all Restricted Stock Units that are not vested at the time of such termination of employment
(after first taking into account the accelerated vesting provisions of this Section 4 and Section 5 below) shall be forfeited. 
  

	Section 5.	Acceleration of Vesting in the Event of Divestiture of Business Segment  

In the event that the “Business Segment” (as that term is defined in this Section below) in which the Participant is primarily
employed as of the “Divestiture Date” (as that term is defined in this Section below) is the subject of a “Divestiture of a Business Segment” (as that term is defined in this Section below), and such divestiture results in the
termination of the Participant’s employment with the Company and its Subsidiaries for any reason, the Restricted Stock Units shall be fully vested on the Divestiture Date. 

For purposes of this Award Agreement, the term “Business Segment” shall mean a business line which the Company treats as a
separate business segment under the segment reporting rules under generally accepted accounting principles as used in the United States, which currently includes the following: Safety and Security Systems Group, Fire Rescue, and Environmental
Solutions Group. Likewise, the term “Divestiture Date” shall mean the date that a transaction constituting a Divestiture of a Business Segment is finally consummated. 

 For purposes of this Award Agreement, the term “Divestiture of a Business Segment”
means the following: 
  

	 	(a)	When used with reference to the sale of stock or other securities of a Business Segment that is or becomes a separate corporation, limited liability company,
partnership or other separate business entity, the sale, exchange, transfer, distribution or other disposition of the ownership, either beneficially or of record or both, by the Company or one of its Subsidiaries to “Nonaffiliated Persons”
(as that term is defined in this Section below) of 100% of either (i) the then-outstanding common stock (or the equivalent equity interests) of the Business Segment or (ii) the combined voting power of the then-outstanding voting
securities of the Business Segment entitled to vote generally in the election of the board of directors or the equivalent governing body of the Business Segment; 

 

	 	(b)	When used with reference to the merger or consolidation of a Business Segment that is or becomes a separate corporation, limited liability company, partnership or other
separate business entity, any such transaction that results in Nonaffiliated Persons owning, either beneficially or of record or both, 100% of either (i) the then-outstanding common stock (or the equivalent equity interests) of the Business
Segment or (ii) the combined voting power of the then-outstanding voting securities of the Business Segment entitled to vote generally in the election of the board of directors or the equivalent governing body of the Business Segment; or

  

	 	(c)	When used with reference to the sale of the assets of the Business Segment, the sale, exchange, transfer, liquidation, distribution or other disposition of all or
substantially all of the assets of the Business Segment necessary or required to operate the Business Segment in the manner that the Business Segment had been operated prior to the Divestiture Date. 

For purposes of this Award Agreement, the term “Nonaffiliated Persons” shall mean any persons or business entities which do not
control, or which are not controlled by or under common control with, the Company. 
  

	Section 6.	Distribution of Shares 

 Subject to the provisions below, shares of Stock equal to the number of Restricted Stock Units credited to the Restricted Stock Unit Account of Participant shall become distributable on the Vesting Date.

 Actual distribution of shares of Stock with respect to vested Restricted Stock Units will occur as soon as administratively
feasible, but in no event more than sixty (60) days after such shares become distributable as described in this Section 6. 
  

	Section 7.	Stockholder Rights 

 Participant shall not have any of the rights of a stockholder of the Company with respect to Restricted Stock Units, such as the right to vote or the right to dividends. 

 

	Section 8.	Beneficiary Designation 

 Participant may designate a beneficiary or beneficiaries (contingently, consecutively, or successively) to receive any benefits that may be payable under this Award Agreement in the event of
Participant’s death and, from time to time, may change his or her designated beneficiary (a “Beneficiary”). A Beneficiary may be a trust. A Beneficiary designation shall be made in writing in a form prescribed by the Company and
delivered to the Company while the Participant is alive. If there is no designated Beneficiary surviving at the death of a Participant, payment of any death benefit of the Participant shall be made to the persons and in the proportions which any
death benefit under the Federal Signal Corporation Participants’ Retirement Savings Plan is or would be payable. 
  

	Section 9.	Units Non-Transferable 

 Restricted Stock Units awarded hereunder shall not be transferable by Participant. Except as may be required by the federal income tax withholding provisions of the Code or by the tax laws of any State or
foreign sovereign, the interests of Participant and his Beneficiaries under this Award Agreement are not subject to the claims of their creditors and may not be voluntarily or involuntarily sold, transferred, alienated, assigned, pledged,
anticipated, or encumbered. Any attempt by Participant or a Beneficiary to sell, transfer, alienate, assign, pledge, anticipate, encumber, charge or otherwise dispose of any right to benefits payable hereunder shall be void. 

	Section 10.	Adjustment in Certain Events 

 If there is any change in the Stock by reason of stock dividends, split-ups, mergers, consolidations, reorganizations, combinations or exchanges of shares or the like, the number of Restricted Stock Units
credited to Participant’s Restricted Stock Unit Account shall be adjusted appropriately so that the number of Restricted Stock Units credited to Participant’s Restricted Stock Unit Account after such an event shall equal the number of
shares of Stock a stockholder would own after such an event if the stockholder, at the time such an event occurred, had owned shares of Stock equal to the number of Restricted Stock Units credited to Participant’s Restricted Stock Unit Account
immediately before such an event. 
  

	Section 11.	Tax Withholding 

 The Company shall not be obligated to transfer any shares of Stock until Participant pays to the Company or a Subsidiary in cash, or any other form of property, including Stock, acceptable to the Company,
the amount required to be withheld from the wages of Participant with respect to such shares. Participant may elect to have such withholding satisfied by a reduction of the number of shares otherwise transferable under this Award Agreement at such
time, such reduction to be calculated based on the closing market price of the Stock on the day Participant gives written notice of such election to the Company. 
  

	Section 12.	Section 409A 

 This Award Agreement shall be construed consistent with the intention that it be exempt from Section 409A of the Code (together with any Department of Treasury regulations and other interpretive
guidance issued thereunder, including without limitation any such regulations or other guidance that may be issued after the date hereof, “Section 409A”). However, notwithstanding any other provision of the Plan or this Award Agreement, if
at any time the Administrator of the Plan determines that this Award (or any portion thereof) may be subject to Section 409A, the Administrator of the Plan shall have the right in its sole discretion (without any obligation to do so or to
indemnify Participant or any other person for failure to do so) to adopt such amendments to the Plan or this Award Agreement, or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or take any
other actions, as the Administrator of the Plan determines are necessary or appropriate either for this Award to be exempt from the application of Section 409A or to comply with the requirements of Section 409A. 

 

	Section 13.	Source of Payment 

 Shares of Stock transferable to Participant, or his Beneficiary, under this Award Agreement may be either Treasury shares, authorized but unissued shares, or any combination of such stock. The Company
shall have no duties to segregate or set aside any assets to secure Participant’s right to receive shares of Stock under this Award Agreement. Participant shall not have any rights with respect to transfer of shares of Stock under this Award
Agreement other than the unsecured right to receive shares of Stock from the Company. 
  

	Section 14.	Continuation of Employment  

 This Award Agreement shall not confer upon the Participant any right to continuation of employment by the Company or its Subsidiaries, nor shall this Award Agreement interfere in any way with the
Company’s or its Subsidiaries’ right to terminate the Participant’s employment at any time. 
  

	Section 15.	Amendment 

This Award Agreement may be amended by mutual consent of the parties hereto by written agreement. 

 

	Section 16.	Governing Law 

 This Award Agreement shall be construed and administered in accordance with the laws of the State of Illinois, without giving effect to principles of conflict of law. 

 FEDERAL SIGNAL CORPORATION 

RESTRICTED STOCK UNIT 
 BENEFICIARY DESIGNATION 
  

									
	Participant:	 	  
	 		  	Social Security No.:	  	  

					
	Address:	 	  
	 		  	Date of Birth:	  	  

				
	     
	 		  		  	

 Participant hereby designates the following individual(s) or entity(ies) as his or her beneficiary(ies)
pursuant to Federal Signal Corporation 2005 Executive Incentive Compensation Plan (2010 Restatement) (Insert Name, Social Security Number, Relationship, Date of Birth and Address of Individuals and/or fully identify any trust beneficiary by the Name
of the Trust, Date of Execution of the Trust, the Trustee’s Name, the address of the trust, and the employer identification number of the trust): 
  

	
	Primary Beneficiary(ies)
	
	  

	
	  

	
	Contingent Beneficiary(ies)
	
	  

	
	  

 The Participant hereby reserves the right to change this Beneficiary Designation, and any such change
shall be effective when the Participant has executed a new or amended Beneficiary Designation form, and the receipt of such form has been acknowledged by the Company, all in such manner as specified by the Company from time to time, or on a future
date specified by any such new or amended Beneficiary Designation form. 
 IN WITNESS WHEREAS, the Participant has executed this
Beneficiary Designation on the date designated below. 
  

							
	Date:             ,    	 		 		 	  

		 		 		 	Signature of Participant
	Received:	 		 		 	
		 		 		 	FEDERAL SIGNAL CORPORATION
				
	Date:             ,    	 		 	By:

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