Document:

EX - 10.1

OCCUPANCY AGREEMENT

          This
AGREEMENT (the “Agreement”), effective as of January 1, 2009 (the “Effective
Date”), between R&R Acquisition IX, Inc. (the “Corporation”), a corporation
organized under the laws of the State of Delaware and Kirk M. Warshaw, LLC (the
“LLC”), a limited liability company organized under the laws of the State of
New Jersey. 

          WHEREAS,
the Corporation’s principal offices are located at 47 School Avenue, Chatham,
New Jersey and such premises are owned by the LLC (the “Principal Offices”);
and 

          WHEREAS,
the Corporation and the LLC wishes to enter into an agreement for use and
occupancy of the Principal Offices and certain administrative services; 

          NOW,
THEREFORE, for good and valuable consideration, it is agreed that: 

          Effective
as of the Effective Date, the Corporation hereby agrees that it shall pay to
the LLC a quarterly occupancy and administrative services fee in the amount of
U.S. five hundred dollars ($500) on each of January 1, April 1, July 1 and
October 1 until such time as this Agreement is terminated by written notice of
either party. 

          IN
WITNESS WHEREOF, the parties have duly executed and delivered this Agreement
effective as of the Effective Date on January 29, 2009. 

	
 

	
 

	
 

	
 

	
R&R ACQUISITION IX, INC.,

	
 

	
a Delaware corporation

	
 

	
 

	
 

	
 

	
By:

	
   /s/
 Arnold P. Kling

	
 

	
 

	

	
 

	
 

	
Name: Arnold
 P. Kling

	
 

	
 

	
Title:   President

	
 

	
 

	
 

	
 

	
Kirk M. Warshaw, LLC.,

	
 

	
a New Jersey limited liability company

	
 

	
 

	
 

	
 

	
By:

	
   /s/
 Kirk Warshaw

	
 

	
 

	

	
 

	
 

	
Name: Kirk
 Warshaw

	
 

	
 

	
Title:
 Managing MemberEX - 10.1

OCCUPANCY AGREEMENT

          This
AGREEMENT (the “Agreement”),
effective as of January 1, 2009 (the
“Effective Date”), between R&R Acquisition VII, Inc. (the “Corporation”),
a corporation organized under the laws of the State of Delaware and Kirk M.
Warshaw, LLC (the “LLC”), a limited liability company organized under the laws
of the State of New Jersey. 

          WHEREAS,
the Corporation’s principal offices are located at 47 School
Avenue, Chatham, New Jersey and such premises are owned by the LLC (the “Principal
Offices”); and

          WHEREAS,
the Corporation and the LLC wishes to enter into an agreement for use and
occupancy of the Principal Offices and certain administrative services;

          NOW,
THEREFORE, for good and valuable consideration, it is agreed that:

          Effective
as of the Effective Date, the Corporation hereby agrees that it shall pay to
the LLC a quarterly occupancy and administrative services fee in the amount of
U.S. five hundred dollars ($500) on each of January 1, April 1, July 1 and
October 1 until such time as this Agreement is terminated by written notice of
either party.

          IN
WITNESS WHEREOF, the parties have duly
executed and delivered this Agreement effective as of the Effective Date on
January 29, 2009.

	
 

	
 

	
 

	
 

	
R&R ACQUISITION VII, INC.,

	
 

	
a Delaware corporation

	
 

	
 

	
 

	
 

	
By:

	
  /s/
 Arnold P. Kling

	
 

	
 

	

	
 

	
 

	
Name: Arnold
 P. Kling

	
 

	
 

	
Title: President

	
 

	
 

	
 

	
 

	
Kirk M. Warshaw, LLC.,

	
 

	
a New Jersey limited liability company

	
 

	
 

	
 

	
By:

	
  /s/
 Kirk Warshaw

	
 

	
 

	

	
 

	
 

	
Name: Kirk
 Warshaw

	
 

	
 

	
Title:
 Managing MemberEX - 10.1

OCCUPANCY AGREEMENT

          This
AGREEMENT (the “Agreement”), effective as of January 1, 2009 (the “Effective
Date”), between R&R Acquisition VIII, Inc. (the “Corporation”),
a corporation organized under the laws of the State of Delaware and Kirk M.
Warshaw, LLC (the “LLC”), a limited liability company organized under the laws
of the State of New Jersey. 

          WHEREAS,
the Corporation’s principal offices are located at 47 School
Avenue, Chatham, New Jersey and such premises are owned by the LLC (the “Principal
Offices”); and

          WHEREAS,
the Corporation and the LLC wishes to enter into an agreement for use and
occupancy of the Principal Offices and certain administrative services;

          NOW,
THEREFORE, for good and valuable consideration, it is agreed that:

          Effective
as of the Effective Date, the Corporation hereby agrees that it shall pay to
the LLC a quarterly occupancy and administrative services fee in the amount of
U.S. five hundred dollars ($500) on each of January 1, April 1, July 1 and
October 1 until such time as this Agreement is terminated by written notice of
either party.

          IN
WITNESS WHEREOF, the parties have duly
executed and delivered this Agreement effective as of the Effective Date on January
29, 2009.

	
 

	
 

	
 

	
 

	
R&R ACQUISITION VIII, INC.,

	
 

	
a Delaware corporation

	
 

	
 

	
 

	
 

	
By:

	
/s/ Arnold
 P. Kling

	
 

	
 

	

	
 

	
 

	
Name: Arnold
 P. Kling

	
 

	
 

	
Title:   President

	
 

	
 

	
 

	
 

	
Kirk M. Warshaw, LLC.,

	
 

	
a New Jersey limited liability company

	
 

	
 

	
 

	
 

	
By:

	
/s/ Kirk
 Warshaw

	
 

	
 

	

	
 

	
 

	
Name: Kirk
 Warshaw

	
 

	
 

	
Title: Managing
 MemberEX - 10.1

OCCUPANCY AGREEMENT

          This
AGREEMENT (the “Agreement”), effective as of January 1, 2009 (the “Effective
Date”), between R&R Acquisition VI, Inc. (the “Corporation”), a corporation
organized under the laws of the State of Delaware and Kirk M. Warshaw, LLC (the
“LLC”), a limited liability company organized under the laws of the State of
New Jersey. 

          WHEREAS,
the Corporation’s principal offices are located at 47 School Avenue, Chatham,
New Jersey and such premises are owned by the LLC (the “Principal Offices”);
and 

          WHEREAS,
the Corporation and the LLC wishes to enter into an agreement for use and
occupancy of the Principal Offices and certain administrative services; 

          NOW,
THEREFORE, for good and valuable consideration, it is agreed that: 

          Effective
as of the Effective Date, the Corporation hereby agrees that it shall pay to
the LLC a quarterly occupancy and administrative services fee in the amount of
U.S. five hundred dollars ($500) on each of January 1, April 1, July 1 and
October 1 until such time as this Agreement is terminated by written notice of
either party. 

          IN
WITNESS WHEREOF, the parties have duly executed and delivered this Agreement
effective as of the Effective Date on January 29, 2009. 

	
 

	
 

	
 

	
 

	
R&R ACQUISITION VI, INC.,

	
 

	
a Delaware corporation

	
 

	
 

	
 

	
 

	
By:

	
   /s/
 Arnold P. Kling

	
 

	
 

	

	
 

	
 

	
Name: Arnold
 P. Kling

	
 

	
 

	
Title:   President

	
 

	
 

	
 

	
 

	
Kirk M. Warshaw, LLC.,

	
 

	
a New Jersey limited liability company

	
 

	
 

	
 

	
 

	
By:

	
   /s/
 Kirk Warshaw

	
 

	
 

	

	
 

	
 

	
Name: Kirk
 Warshaw

	
 

	
 

	
Title:
 Managing MemberEX-10.56

Exhibit 10.56

ITT CORPORATION

2003 EQUITY INCENTIVE PLAN

NON-QUALIFIED STOCK OPTION AWARD AGREEMENT (Band A)

THIS AGREEMENT (the “Agreement”), effective as of the XX day of ___20XX, by and between ITT
Corporation (the “Company”) and name (the “Optionee”), WITNESSETH:

WHEREAS, the Optionee is now employed by the Company or an Affiliate (as defined in the Company’s
2003 Equity Incentive Plan, as amended and restated as of March 1, 2008 (the “Plan”)) as an
employee, and in recognition of the Optionee’s valued services, the Company, through the
Compensation and Personnel Committee of its Board of Directors (the “Committee”), desires to
provide an opportunity for the Optionee to acquire or enlarge stock ownership in the Company,
pursuant to the provisions of the Plan.

NOW, THEREFORE, in consideration of the terms and conditions set forth in this Agreement and the
provisions of the Plan, a copy of which is attached hereto and incorporated herein as part of this
Agreement, and any administrative rules and regulations related to the Plan as may be adopted by
the Committee, the parties hereto hereby agree as follows:

	1.	 	Grant of Options. In accordance with, and subject to, the terms and conditions of
the Plan and this Agreement, the Company hereby confirms the grant on (month, day, year)
(the “Grant Date”) to the Optionee of the option to purchase from the Company all or any part
of an aggregate of XX,XXX shares of common stock of the Company (the “Option”), at the
purchase price of $XX.XX per share (the “Option Price” or “Exercise Price”). The Option
shall be a Nonqualified Stock Option.
	 
	2.	 	Terms and Conditions. It is understood and agreed that the Option is subject to the
following terms and conditions:

	 	(a)	 	Expiration Date. The Option shall expire on (month, day, year), or, if the
Optionee’s employment terminates before that date, on the date specified in subsection
(e) below.
	 
	 	(b)	 	Exercise of Option. The Option may not be exercised until it has become
vested.
	 
	 	(c)	 	Vesting. Subject to subsections 2(a) and 2(e), the Option shall vest in full
upon the first to occur of the following events:

	 	(i)	 	(month, day, year); or
	 
	 	(ii)	 	an Acceleration Event (as defined in the Plan).

	 	(d)	 	Payment of Exercise Price and Tax Withholding. Permissible methods for
payment of the Exercise Price and for satisfaction of tax withholding obligations upon
exercise of the Option shall be as described in Section 6.6 and Article 14 of the
Plan, or, if the Plan is amended, successor provisions. In addition to the methods of
exercise permitted by Section 6.6 of the Plan, the Optionee may exercise the Option by
way of a broker-assisted cashless exercise in a manner consistent with the Federal
Reserve Board’s Regulation T, unless the Committee determines that such exercise
method is prohibited by law.

 

 

	 	(e)	 	Effect of Termination of Employment.
	 
	 	 	 	If the Optionee’s employment terminates before (month, day, year — option
expiration date), the Option shall expire on the date set forth below, as
applicable:

	 	(i)	 	Termination due to Death. If the Optionee’s employment
is terminated as a result of the Optionee’s death, the Option shall expire on
the earlier of (month, day, year — option expiration date), or the date three
years after the termination of the Optionee’s employment due to death. If the
Option is not vested at the time of the Optionee’s termination of employment
due to death, the Option shall immediately become 100% vested.
	 
	 	(ii)	 	Termination due to Disability. If the Optionee’s
employment is terminated as a result of the Optionee’s Disability (as defined
below), the Option shall expire on the earlier of (month, day, year — option
expiration date), or the date five years after the termination of the
Optionee’s employment due to Disability. If the Option is not vested at the
time of the termination of Optionee’s employment due to Disability, the Option
shall immediately become 100% vested.
	 
	 	(iii)	 	Termination due to Retirement. If the Optionee’s
employment is terminated as a result of the Optionee’s Retirement (as defined
below), the Option shall expire on the earlier of (month, day, year — option
expiration date), or the date five years after the termination of the
Optionee’s employment due to Retirement. If the Option is not vested at the
time of the Optionee’s termination of employment due to Retirement, a prorated
portion of the Option shall immediately vest as of the date of the termination
of employment (see “Prorated Vesting Upon Retirement” below). Any remaining
unvested portion of the Option shall expire as of the date of the termination
of the Optionee’s employment. For purposes of this subsection 2(e)(iii), the
Optionee shall be considered employed during any period in which the Optionee
is receiving severance payments (disregarding any delays required to comply
with tax or other requirements), and the date of the termination of the
Optionee’s employment shall be the last day of any such severance period.
	 
	 	(iv)	 	Cause. If the Optionee’s employment is terminated by
the Company (or an Affiliate, as the case may be) for cause (as determined by
the Committee), the vested and unvested portions of the Option shall expire on
the date of the termination of the Optionee’s employment.
	 
	 	(v)	 	Voluntary Termination or Other Termination by the
Company. If the Option is vested and the Optionee’s employment is
terminated by the Optionee or terminated by the Company (or an Affiliate, as
the case may be) for other than cause (as determined by the Committee), and not
because of the Optionee’s Retirement, Disability, or death, the Option shall
expire on the earlier of (month, day, year — option expiration date), or the
date three months after the termination of the Optionee’s employment. If the
Option is not vested on the date the Optionee’s employment terminates, the
Option shall expire immediately in full on the date of termination of
employment, and the Option shall not thereafter be exercisable. For purposes
of this subsection 2(e)(v), the Optionee shall

2009 Band A Option Agreement 03—09 Filed

2

 

	 	 	 	be considered employed during any period in which the Optionee is receiving
severance payments, and the date of the termination of the Optionee’s
employment shall be the last day of any such severance period.

	 	 	 	Notwithstanding the foregoing, if an Optionee’s employment is terminated on or after
an Acceleration Event (A) by the Company (or an Affiliate, as the case may be) for
other than cause (as determined by the Committee), and not because of the Optionee’s
Retirement, Disability, or death, or (B) by the Optionee because the Optionee in
good faith believed that as a result of such Acceleration Event he or she was unable
effectively to discharge his or her present duties or the duties of the position the
Optionee occupied just prior to the occurrence of such Acceleration Event, the
Option shall in no event expire before the earlier of the date that is 7 months
after the Acceleration Event or (month, day, year — option expiration date).
	 
	 	 	 	Retirement. For purposes of this Agreement, the term “Retirement” shall mean the
termination of the Optionee’s employment if, at the time of such termination, the
Optionee is eligible to commence receipt of retirement benefits under a traditional
formula defined benefit pension plan maintained by the Company or an Affiliate (or
would be eligible to receive such benefits if he or she were a participant in such a
traditional formula defined benefit pension plan).
	 
	 	 	 	Disability. For purposes of this Agreement, the term “Disability” shall mean the
complete and permanent inability of the Optionee to perform all of his or her duties
under the terms of his or her employment, as determined by the Committee upon the
basis of such evidence, including independent medical reports and data, as the
Committee deems appropriate or necessary.
	 
	 	 	 	Prorated Vesting Upon Retirement. The prorated portion of an Option that vests upon
termination of the Optionee’s employment due to the Optionee’s Retirement shall be
determined by multiplying the total number of unvested shares subject to the Option
at the time of the termination of the Optionee’s employment by a fraction, the
numerator of which is the number of full months the Optionee has been continually
employed since the Grant Date and the denominator of which is 36. For this purpose,
full months of employment shall be based on monthly anniversaries of the Grant Date,
not calendar months.
	 
	 	(f)	 	Compliance with Laws and Regulations. The Option shall not be exercised at
any time when its exercise or the delivery of shares hereunder would be in violation
of any law, rule, or regulation that the Company may find to be valid and applicable.
	 
	 	(g)	 	Optionee Bound by Plan and Rules. The Optionee hereby acknowledges receipt of
a copy of the Plan and this Agreement and agrees to be bound by the terms and
provisions thereof as amended from time to time. The Optionee agrees to be bound by
any rules and regulations for administering the Plan as may be adopted by the Committee
during the life of the Option. Terms used herein and not otherwise defined shall be as
defined in the Plan.
	 
	 	(h)	 	Governing Law. This Agreement is issued, and the Option evidenced hereby is
granted, in White Plains, New York, and shall be governed and construed in accordance
with the laws of the State of New York, excluding any conflicts or

2009 Band A Option Agreement 03—09 Filed

3

 

	 	 	 	choice of law rule or principle that might otherwise refer construction or
interpretation of this Agreement to the substantive law of another jurisdiction.

By signing a copy of this Agreement, the Optionee acknowledges that s/he has received a copy of
the Plan, and that s/he has read and understands the Plan and this Agreement and agrees to the
terms and conditions thereof. The Optionee further acknowledges that the Option awarded pursuant
to this Agreement must be exercised prior to its expiration as set forth herein, that it is the
Optionee’s responsibility to exercise the Option within such time period, and that the Company has
no further responsibility to notify the Optionee of the expiration of the exercise period of the
Option.

IN WITNESS WHEREOF, the Company has caused this instrument to be executed by its Chairman,
President and Chief Executive Officer, or a Vice President, as of the XX day of                     , 20XX.

	 	 	 	 	 	 	 
	Agreed to:

	 	 	 	 	 	ITT Corporation
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	 	 	 
	Optionee
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Dated:

	 	 	 	 	 	Dated: (month, day, year),
	 

	 	 

	 	 	 	 
	Enclosures
	 	 	 	 	 	 

2009 Band A Option AgreementFinalDLB03-09-Filed

2009 Band A Option Agreement 03—09 Filed

4

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