Document:

exv10w14

Exhibit
10.14

RESTRICTED STOCK UNIT AGREEMENT GRANT OF

RESTRICTED STOCK UNIT DIRECTORS

Private & Confidential (Addressee Only)

2006 Stock Incentive Plan: Director RSU Version

Division: ABC Division

Location: US

We are pleased to advise the Participant that Analog Devices, Inc., a Massachusetts corporation
(the “Company”), has granted to the Participant Restricted Stock Units (“RSUs”) on the terms and
conditions set forth below (the “Award”). This Award reflects the Company’s confidence in the
Participant’s commitment and contributions to the success and continued growth of the Company.

	1.	 	Restricted Stock Unit.
	 
	 	 	This agreement confirms that, subject to the terms and conditions of the Analog Devices, Inc.
2006 Stock Incentive Plan (the “Plan”), the Company has granted to the Participant (the
“Participant”), effective on the Date of Grant set forth below, that number of RSUs set forth
below:

	 	 	 

	Date of Grant:

	 	March xx, 20[11]
	Number of RSUs:

	 	[xxx]
	Vesting Schedule:

	 	The RSUs shall vest on the earlier of March xx, 20[12] or the date
of the Company’s next annual meeting of shareholders

	 	 	Each one (1) RSU shall, if and when it vests in accordance with this Award, automatically
convert into one (1) share of common stock, US$0.16 2/3 par value, of the Company (“Common
Stock”) issuable as provided below. The RSUs are subject to the vesting provisions set forth in
Section 2, the restrictions on transfer set forth in Section 3 and the right of the Company to
retain Shares (as defined below) pursuant to Section 7.

	2.	 	Vesting and Conversion.

	 	(a)	 	Subject to the terms of the Plan and this Award, the RSUs shall vest in accordance with
the schedule set forth in Section 1. For purposes of this Award, RSUs that have not vested
as of any particular time in accordance with this Section 2(a) are referred to as “Unvested
RSUs.” The shares of Common Stock that are issuable upon the vesting and conversion of the
RSUs are referred to in this Award as “Shares.” As soon as administratively practicable
after the issuance of any Shares upon the vesting and conversion of RSUs, and subject to
the terms and conditions set forth herein, the Company shall deliver or cause to be
delivered evidence (which may include a book entry by the Company’s transfer agent) of the
Shares so issued in the name of the Participant to the brokerage firm designated by the
Company to maintain the brokerage account established for the Participant. Notwithstanding
the foregoing, the Company shall not be obligated to issue Shares to or in the name of the
Participant upon the vesting and conversion of any RSUs unless the issuance of such Shares
shall comply with all relevant provisions of law and other legal requirements including,
without limitation, any applicable securities laws and the requirements of any stock
exchange upon which shares of Common Stock may then be listed.
	 
	 	(b)	 	In the event the Participant ceases to be a Director for any reason or no reason (other
than due to death, Disability or otherwise as provided in the Plan or below), then in each
such case, all of the Unvested RSUs as of the date of termination shall terminate and be
cancelled immediately and automatically and the Participant shall have no further rights
with respect to such Unvested RSUs.
	 
	 	(c)	 	In the event the Participant dies while a Director of the Company, all Unvested
RSUs shall vest in full as of the date of the Participant’s death.
	 
	 	(d)	 	In the event the Participant ceases to be a Director by reason of a Disability
(as defined below), the Unvested RSUs as of the date of the Participant cease to be a
Director shall vest in full as of such date. For the purpose of this Award, “Disability”
means (i) the Participant’s inability 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 12
months, as determined by the Company.
	 
	 	(e)	 	If the Participant becomes an employee of the Company and, in connection with
such employment, ceases to serve as a Director of the Company, Unvested RSUs shall vest in
accordance with the terms hereof until the date that the Participant’s employment with the
Company is terminated.

 

 

	 	(f)	 	Notwithstanding anything in the Plan or herein, all Unvested RSUs shall vest in full as
of a Change in Control Event (as defined in the Plan).
	 
	 	(g)	 	For purposes of this Award, employment with the Company shall include being an
employee, consultant or advisor with any direct or indirect parent or subsidiary of the
Company, or any successor to the Company or any such parent or subsidiary of the Company.

	3.	 	Restrictions on Transfer.

	 	(a)	 	The Participant shall not sell, assign, transfer, pledge or otherwise encumber any
RSUs, either voluntarily or by operation of law.

	 	(b)	 	The Company shall not be required (i) to transfer on its books any of the RSUs which
have been transferred in violation of any of the provisions set forth herein or (ii) to
treat as the owner of such RSUs any transferee to whom such RSUs have been transferred in
violation of any of the provisions contained herein.

	4.	 	Not a Shareholder. The RSUs represent an unfunded, unsecured promise by the Company
to deliver Shares upon vesting and conversion of the RSUs, and until vesting of the RSUs and
issuance of the Shares, the Participant shall not have any of the rights of a shareholder with
respect to the Shares underlying the RSUs. For the avoidance of doubt, the Participant shall
have no right to receive any dividends and shall have no voting rights with respect to the
Shares underlying the RSUs for which the record date is on or before the date on which the
Shares underlying the RSUs are issued to the Participant.

	5.	 	Provisions of the Plan. The RSUs and Shares, including the grant and issuance
thereof, are subject to the provisions of the Plan. A copy of the Plan prospectus is
available on the Company’s Intranet at www.analog.com/employee (from Signals home page, click
Knowledge Centers, HR, Employee Stock Programs. The related documents can be found in the
right-hand column).

	6.	 	Consideration. Any Shares that are issued and any cash payment that is delivered, in
either case upon settlement of the RSUs pursuant to this Award, will be in consideration of
the Participant’s service as a member of the Board of Directors of the Company and/or his
continued employment with the Company, which consideration is deemed sufficient.

	7.	 	Withholding Taxes.

	 	(a)	 	Regardless of any action the Company takes with respect to any or all income tax
(including U.S. federal, state and local taxes and/or non-U.S. taxes), social insurance,
payroll tax, payment on account or other tax-related withholding (“Tax-Related Items”), the
Participant acknowledges that the ultimate liability for all Tax-Related Items legally due
by the Participant is and remains the Participant’s responsibility, and that the Company
(i) make no representations or undertakings regarding the treatment of any Tax-Related
Items in connection with any aspect of the RSUs, including the grant of the RSUs, the
vesting of the RSUs, the subsequent sale of any Shares acquired pursuant to the RSUs and
the receipt of any dividends; and (ii) do not commit to structure the terms of the grant or
any aspect of the RSUs to reduce or eliminate the Participant’s liability for Tax-Related
Items.
	 
	 	(b)	 	Prior to the delivery of Shares upon the vesting of the RSUs, if any taxing
jurisdiction requires withholding of Tax-Related Items, the Company may withhold a
sufficient number of whole Shares otherwise issuable upon the vesting of the RSUs that have
an aggregate Fair Market Value (as defined under the Plan) sufficient to pay the minimum
Tax-Related Items required to be withheld with respect to the Shares. The cash equivalent
of the Shares withheld will be used to settle the obligation to withhold the Tax-Related
Items (determined by reference to the closing price of the Common Stock on the New York
Stock Exchange on the applicable vesting date). No fractional Shares will be withheld or
issued pursuant to the grant of the RSUs and the issuance of Shares hereunder.
Alternatively, the Company may, in its discretion, withhold any amount necessary to pay the
Tax-Related Items from the Participant’s salary or other amounts payable to the
Participant, with no withholding in Shares. In the event the withholding requirements are
not satisfied through the withholding of Shares or through the Participant’s salary or
other amounts payable to the Participant, no Shares will be issued upon vesting of the RSUs
unless and until satisfactory arrangements (as determined by the Compensation Committee of
the Board of Directors) have been made by the Participant with respect to the payment of
any Tax-Related Items which the Company determines, in its sole discretion, must be
withheld or collected with respect to such RSUs. By accepting this grant of RSUs, the
Participant expressly consents to the withholding of Shares and/or cash as provided for
hereunder. All other Tax-Related Items related to the RSUs and any Shares delivered in
payment thereof are the Participant’s sole responsibility.

	8.	 	Option of Company to Deliver Cash. Notwithstanding any of the other provisions of
this Award and except where otherwise prohibited under local law or where cash settlement may
present adverse tax consequences to the Participant, at the time the RSUs vest, the Company
may elect, in the sole discretion of the Compensation Committee of the Board of Directors, to
deliver by wire transfer to the Participant in lieu of Shares an equivalent amount of cash
(determined by reference to the closing price of the

 

 

	 	 	Common Stock on the New York Stock Exchange on the applicable vesting date). If the Company
elects to deliver cash to the Participant, the Company is authorized to retain such amount as is
sufficient n the opinion of the Company to satisfy the tax withholding obligations of the
Company pursuant to Section 7 herein.

	9.	 	Data Privacy. The Company hereby notifies the Participant of the following in
relation to the Participant’s personal data and the collection, processing and transfer of
such data in relation to the grant of the RSUs and the Participant’s participation in the
Plan, pursuant to applicable personal data protection laws. The collection, processing and
transfer of the Participant’s personal data is necessary for the Company’s administration of
the Plan and the Participant’s participation in the Plan, and the Participant’s denial and/or
objection to the collection, processing and transfer of personal data may affect the
Participant’s ability to participate in the Plan. As such, the Participant voluntarily
acknowledges, consents and agrees (where required under applicable law) to the collection,
use, processing and transfer of personal data as described herein.
	 
	 	 	The Company holds certain personal information about the Participant, including the
Participant’s name, home address and telephone number, date of birth, social security number or
other employee identification number, salary, nationality, job title, any Shares or
directorships held in the Company, details of all RSUs or any other entitlement to Shares
awarded, canceled, purchased, vested, unvested or outstanding in the Participant’s favor, for
the purpose of managing and administering the Plan (“Data”). The Data may be provided by the
Participant or collected, where lawful, from third parties, and the Company will process the
Data for the exclusive purpose of implementing, administering and managing the Participant’s
participation in the Plan. The data processing will take place through electronic and
non-electronic means according to logistics and procedures strictly correlated to the purposes
for which the Data is collected and with confidentiality and security provisions as set forth by
applicable laws and regulations in the Participant’s country of residence. Data processing
operations will be performed minimizing the use of personal and identification data when such
operations are unnecessary for the processing purposes sought. The Data will be accessible
within the Company’s organization only by those persons requiring access for purposes of the
implementation, administration and operation of the Plan and for the Participant’s participation
in the Plan.
	 
	 	 	The Company will transfer Data as necessary for the purpose of implementation, administration
and management of the Participant’s participation in the Plan, and the Company may further
transfer Data to any third parties assisting the Company in the implementation, administration
and management of the Plan. These recipients may be located in the European Economic Area, the
United States or elsewhere throughout the world. The Participant hereby authorizes (where
required under applicable law) the recipients to receive, possess, use, retain and transfer the
Data, in electronic or other form, for purposes of implementing, administering and managing the
Participant’s participation in the Plan, including any requisite transfer of such Data as may be
required for the administration of the Plan and/or the subsequent holding of Shares on the
Participant’s behalf to a broker or other third party with whom the Participant may elect to
deposit any Shares acquired pursuant to the Plan.
	 
	 	 	The Participant may, at any time, exercise the Participant’s rights provided under applicable
personal data protection laws, which may include the right to (a) obtain confirmation as to the
existence of the Data, (b) verify the content, origin and accuracy of the Data, (c) request the
integration, update, amendment, deletion, or blockage (for breach of applicable laws) of the
Data, and (d) to oppose, for legal reasons, the collection, processing or transfer of the Data
which is not necessary or required for the implementation, administration and/or operation of
the Plan and the Participant’s participation in the Plan. The Participant may seek to exercise
these rights by contacting the Participant’s local HR manager.
	 
	10.	 	Repatriation: Compliance with Laws. The Participant agrees, as a condition of the
grant of the RSUs, as applicable, to repatriate all payments attributable to the Shares and/or
cash acquired under the Plan (including, but not limited to, dividends and any proceeds
derived from the sale of the Shares acquired pursuant to the RSUs) in accordance with all
foreign exchange rules and regulations applicable to the Participant. In addition, the
Participant also agrees to take any and all actions, and consent to any and all actions taken
by the Company and its subsidiaries, as may be required to allow the Company and its
subsidiaries to comply with all laws, rules and regulations applicable to the Participant.
Finally, the Participant agrees to take any and all actions as may be required to comply with
the Participant’s personal legal and tax obligations under all laws, rules and regulations
applicable to the Participant.
	 
	11.	 	Miscellaneous.

	 	(a)	 	No Rights to Board Service. The grant of the RSUs shall not confer upon the
Participant any right to continue to serve on the Board of Directors of the Company or, if
applicable, as an employee of the Company or its subsidiaries, nor limit in any way the
terms of the Participant’s service on the Board of Directors, including for removal
therefrom. The vesting of the RSUs pursuant to Section 2 hereof is earned only by
satisfaction of the performance conditions, if any, and continuing service on the Board of
Directors or as otherwise set forth in Section 2 (not through the act of being elected,
hired or engaged or being granted the RSUs hereunder).

 

 

	 	(b)	 	Discretionary Nature. The Participant acknowledges and agrees that the Plan is
discretionary in nature and may be amended, cancelled, or terminated by the Company, in its
sole discretion, at any time. The grant of the RSUs under the Plan is a one-time benefit
and does not create any contractual or other right to receive a grant of RSUs or any other
award under the Plan or other benefits in lieu thereof in the future. Future grants, if
any, will be at the sole discretion of the Company, including, but not limited to, the form
and timing of any grant, the number of Shares subject to the grant, and the vesting
provisions. Any amendment, modification or termination of the Plan shall not constitute a
change or impairment of the terms and conditions of the Participant’s employment with the
Company.
	 
	 	(c)	 	Exclusion from Termination Indemnities and Other Benefits. The Participant’s
participation in the Plan is voluntary. The value of the RSUs and any other awards granted
under the Plan is an extraordinary item of compensation outside the scope of the
Participant’s service on the Board of Directors of the Company. Any grant under the Plan,
including the grant of the RSUs, is not part of normal or expected compensation for
purposes of calculating any severance, resignation, redundancy, end of service payments,
bonuses, long-service awards, pension, or retirement benefits or similar payments.
	 
	 	(d)	 	Severability. The invalidity or unenforceability of any provision of this
Award shall not affect the validity or enforceability of any other provision of this Award,
and each other provision of this Award shall be severable and enforceable to the extent
permitted by law.
	 
	 	(e)	 	Waiver. Any provision for the benefit of the Company contained in this Award
may be waived, either generally or in any particular instance, by the Compensation
Committee of the Board of Directors of the Company.
	 
	 	(f)	 	Binding Effect. This Award shall be binding upon and inure to the benefit of
the Company and the Participant and their respective heirs, executors, administrators,
legal representatives, successors and assigns, subject to the restrictions on transfer set
forth in Section 3 of this Award.
	 
	 	(g)	 	Notice. Each notice relating to this Award shall be in writing (which shall
include electronic form) and delivered in person, electronically or by first class mail,
postage prepaid, to the address as hereinafter provided. Each notice shall be deemed to
have been given on the date it is received. Each notice to the Company shall be addressed
to it at its offices at Analog Devices, Inc., One Technology Way, Norwood, Massachusetts,
02062, Attention: Chief Financial Officer. Each notice to the Participant shall be
addressed to the Participant at the Participant’s last known mailing or email address, as
applicable, on the records of the Company.
	 
	 	(h)	 	Pronouns. Whenever the context may require, any pronouns used in this Award
shall include the corresponding masculine, feminine or neuter forms, and the singular form
of nouns and pronouns shall include the plural, and vice versa.
	 
	 	(i)	 	Entire Agreement. This Award and the Plan constitute the entire understanding
between the parties, and supersede all prior agreements and understandings, relating to the
subject matter of these documents.
	 
	 	(j)	 	Governing Law. This Award shall be construed, interpreted and enforced in
accordance with the internal laws of the Commonwealth of Massachusetts without regard to
any applicable conflicts of laws.
	 
	 	(k)	 	Interpretation. The interpretation and construction of any terms or conditions
of this Award or the Plan, or other matters related to the Plan, by the Compensation
Committee of the Board of Directors of the Company shall be final and conclusive.
	 
	 	(l)	 	Participant’s Acceptance. The Participant is urged to read this Award
carefully and to consult with his or her own legal counsel regarding the terms and
consequences of this Award and the legal and binding effect of this Award. By virtue of
his or her acceptance of this Award, the Participant is deemed to have accepted and agreed
to all of the terms and conditions of this Award and the provisions of the Plan.
	 
	 	(m)	 	Electronic Delivery. The Company may, in its sole discretion, decide to
deliver any documents related to the RSUs or other awards granted to the Participant under
the Plan by electronic means. The Participant hereby consents to receive such documents by
electronic delivery and agrees to participate in the Plan through an on-line or electronic
system established and maintained by the Company or a third party designated by the
Company.
	 
	 	(n)	 	English Language. The Participant acknowledges and agrees that it is the
Participant’s express intent that this Agreement, the Plan and all other documents, notices
and legal proceedings entered into, given or instituted pursuant to the RSUs, be drawn up
in English. If the Participant has received this Agreement, the Plan or any other
documents related to the RSUs translated into a language other than English, and if the
meaning of the translated version is different than the English version, the English
version shall control.

 

 

	 	(o)	 	Addendum. Notwithstanding any provisions herein to the contrary, the RSUs
shall be subject to any special terms and conditions for the Participant’s country of
residence (and, if any, country of employment, if different), as may be set forth in an
addendum to this Agreement (the “Addendum”). Further, if the Participant transfers the
Participant’s residence and/or employment to another country reflected in an Addendum, the
special terms and conditions for such country will apply to the Participant to the extent
the Company determines, in its sole discretion, that the application of such terms and
conditions is necessary or advisable in order to comply with local law or to facilitate the
administration of the Plan. Any Addendum shall constitute part of this Agreement.
	 
	 	(p)	 	Additional Requirements. The Company reserves the right to impose other
requirements on the RSUs, any Shares acquired pursuant to the RSUs, and the Participant’s
participation in the Plan, to the extent the Company determines, in its sole discretion,
that such other requirements are necessary or advisable in order to comply with local law
or to facilitate the administration of the Plan. Such requirements may include (but are
not limited to) requiring the Participant to sign any agreements or undertakings that may
be necessary to accomplish the foregoing.
	 
	 	(q)	 	Private Placement. The Company has submitted regulatory filings in the United
States in connection with the stock incentive plan under which this Award was made. The
Company has not submitted any registration statement, prospectus or other filings with
other local securities authorities (unless otherwise required under such local law), and
the grant of the Award is not intended to be a public offering of securities in any other
jurisdiction or subject to the supervision of other local securities authorities.
	 
	 	(r)	 	Changes in Capitalization. In the event of any stock split, reverse stock
split, stock dividend, recapitalization, combination of shares, reclassification of shares,
spin-off or other similar change in capitalization or event, or any non-cash distribution
to holders of Common Stock, the number of RSUs, and Shares issuable upon vesting and
conversion thereof, shall be appropriately adjusted in such manner as shall be determined
by the Compensation Committee of the Board of Directors of the Company.
	 
	 	(s)	 	Amendment. This Award may be amended or modified only by a written instrument
executed by both the Company and the Participant.

	 	 	 

	Ray Stata

	 	Jerald G. Fishman
	Chairman of the Board

	 	President & Chief Executive Officerexv10wh

Exhibit 10.H

JOHNSON CONTROLS, INC.

DIRECTOR SHARE UNIT PLAN

ARTICLE 1.

PURPOSE AND DURATION

          Section 1.1. Purpose. The purpose of the Johnson Controls, Inc. Director Share
Unit Plan is to advance the Company’s growth and success, and to advance the interests of its
shareholders, by attracting and retaining well-qualified Outside Directors upon whose judgment the
Company is largely dependent for the successful conduct of its operations and by providing such
individuals with incentives to put forth maximum effort for the long-term success of the Company’s
business, thereby aligning their interests more closely with the interests of shareholders.

          Section 1.2. Duration. The Plan was originally effective on November 18, 1998.
The Plan is amended and restated effective September 20, 2011. The provisions of the Plan as
amended and restated apply to each individual with an interest hereunder on or after September 20,
2011.

ARTICLE 2.

DEFINITIONS AND CONSTRUCTION

          Section 2.1. Definitions. Wherever used in the Plan, the following terms shall
have the meanings set forth below and, when the meaning is intended, the initial letter of the word
is capitalized:

          (a) “Administrator” means the Employee Benefits Policy Committee of the Company.

          (b) “Affiliate” means each entity that is required to be included in the Company’s controlled
group of corporations within the meaning of Code Section 414(b), or that is under common control
with the Company within the meaning of Code Section 414(c); provided that for purposes of
determining when a Participant has incurred a Separation from Service, the phrase “at least 50
percent” shall be used in place of the phrase “at least 80 percent” in each place that phrase
appears in the regulations issued thereunder.

          (c) “Beneficiary” means the person or persons entitled to receive the interest of a
Participant in the event of the Participant’s death as provided in Section 3.7.

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

          (e) “Change of Control” has the meaning ascribed to such term in Section 10.2.

          (f) “Committee” means the Corporate Governance Committee of the Board; provided, however, that
if the Corporate Governance Committee does not include two or more “non-employee directors” within
the meaning of Rule 16b-3 of the Exchange Act, then the term

 

“Committee” means such other committee
appointed by the Board consisting of two or more “non-employee directors.”

          (g) “Company” means Johnson Controls, Inc., a Wisconsin corporation, and any successor thereto
as provided in Article 11.

          (h) “Exchange Act” means the Securities Exchange Act of 1934, as interpreted by regulations
and rules issued pursuant thereto, all as amended and in effect from time to time. Any reference
to a specific provision of the Exchange Act shall be deemed to include reference to any successor
provision thereto.

          (i) “Fair Market Value” means with respect to a Share, except as otherwise provided herein,
the closing sales price of a Share on the New York Stock Exchange as of 4:00 p.m. EST on the date
in question (or the immediately preceding trading day, if the date in question is not a trading
day), and with respect to any other property, such value as is determined by the Administrator.

          (j) “Investment Options” means the investment options offered under the Johnson Controls
Savings and Investment (401k) Plan (excluding the Company stock fund) or any successor plan
thereto, the Share Units, and any other alternatives made available by the Administrator, which
shall be used for the purpose of measuring hypothetical investment experience attributable to a
Participant’s Retirement Account.

          (k) “Outside Director” means a member of the Board who is not an officer or employee of the
Company or an Affiliate.

          (l) “Participant” means each Outside Director who has a Retirement Account under the Plan.
Where the context so requires, a Participant also means a former director who is entitled to a
benefit under the Plan.

          (m) “Plan” means the arrangement described herein, as from time to time amended and in effect.

          (n) “Retirement Account” means the record keeping account maintained to record the interest of
each Participant under the Plan. A Retirement Account is established for record keeping purposes
only and not to reflect the physical segregation of assets on the Participant’s behalf, and may
consist of such subaccounts or balances as the Administrator may determine to be necessary or
appropriate.

          (o) “Separation from Service” means a Participant’s cessation of service as a Board member,
for any reason, provided the cessation of service is a good-faith and complete termination of the
Participant’s relationship with the Company and its Affiliates, within the meaning of Code Section
409A. If, at the time the Participant’s service as a Board member ends, the Participant begins
providing services to the Company or an Affiliate as an employee, the Participant shall not incur a
Separation from Service under the terms of the Plan until the
Participant has a separation from service from the Company or an Affiliate as an employee
within the meaning of Code Section 409A.

2

 

          (p) “Share” means a share of the Company’s common stock, $0.16 par value.

          (q) “Share Units” means the hypothetical Shares that are credited to the Participant’s
Retirement Account in accordance with Article 5.

          (r) “Total and Permanent Disability” means the Participant’s inability to engage in any
substantial gainful activity as a result of a medically-determinable physical or mental impairment
which can be expected to result in death or which can be expected to last for a continuous period
of at least twelve (12) months, as determined by the Administrator. The Administrator may require
the Participant to submit such medical evidence or to undergo a medical examination by a doctor
selected by the Administrator as the Administrator determines is necessary in order to make a
determination hereunder.

          (s) “Valuation Date” means each day when the United States financial markets are open for
business, as of which the Administrator will determine the value of each Retirement Account.

          Section 2.2. Construction. Wherever any words are used in the masculine, they
shall be construed as though they were used in the feminine in all cases where they would so apply;
and wherever any words are use in the singular or the plural, they shall be construed as though
they were used in the plural or the singular, as the case may be, in all cases where they would so
apply. Titles of articles and sections are for general information only, and the Plan is not to be
construed by reference to such items.

          Section 2.3. Severability. In the event any provision of the Plan is held
illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining
parts of the Plan, and the Plan shall be construed and enforced as if the said illegal or invalid
provision had not been included.

ARTICLE 3.

ADMINISTRATION

          Section 3.1. General. The Committee shall have overall authority with respect to
administration of the Plan; provided that the Administrator shall have responsibility for the
general operation and daily administration of the Plan as specified herein. If at any time the
Committee shall not be in existence or not be composed of members of the Board who qualify as
“non-employee directors”, then the Board shall administer the Plan (with the assistance of the
Administrator) and all references herein to the Committee shall be deemed to include the Board.

          Section 3.2. Authority. In addition to the authority specifically provided herein, the Committee and the Administrator
shall have full power and discretionary authority to take any action or make any determination
deemed necessary for the proper administration of the Plan with respect to the respective duties of
each under the Plan, including but not limited to the power and authority to: (a) interpret the
Plan; (b) correct errors, supply omissions or reconcile inconsistencies in the Plan’s terms; (c)
establish, amend or waive rules and regulations, and appoint such agents, as it deems appropriate
for the Plan’s administration; and (d) make any other determinations, including factual
determinations, and take any other action as it determines is necessary or desirable for the Plan’s
administration. Any action taken by the Committee shall

3

 

be controlling over any contrary action of
the Administrator. The Committee and the Administrator may delegate their ministerial duties to
third parties and to the extent of such delegation, references to the Committee or Administrator
herein shall mean such delegates, if any.

          Section 3.3. Decision Binding. The Committee’s and the Administrator’s
determinations and decisions made pursuant to the provisions of the Plan and all related orders or
resolutions of the Board shall be final, conclusive and binding on all persons who have an interest
in the Plan, and such determinations and decisions shall not be reviewable.

          Section 3.4. Procedures for Administration. The Committee’s determinations must
be made by not less than a majority of its members present at the meeting (in person or otherwise)
at which a quorum is present, or by written majority consent, which sets forth the action, is
signed by the members of the Committee and filed with the minutes for proceedings of the Committee.
A majority of the entire Committee shall constitute a quorum for the transaction of business. The
Administrator’s determinations shall be made in accordance with such procedures it establishes.

          Section 3.5. Indemnification. Neither the Committee, nor the Administrator, nor
any member thereof shall be liable for any act, omission, interpretation, construction or
determination made in connection with the Plan in good faith and the members of the Committee and
the Administrator shall be entitled to indemnification and reimbursement by the Company in respect
of any claim, loss, damage or expense (including attorneys’ fees) arising therefrom to the full
extent permitted by law and under any directors’ and officers’ liability insurance that may be in
effect from time to time.

          Section 3.6. Restrictions to Comply with Applicable Law. Transactions under the
Plan are intended to comply with all applicable conditions of Rule 16b-3 under the Exchange Act.
The Committee and the Administrator shall administer the Plan so that transactions under the Plan
will be exempt from or comply with Section 16 of the Exchange Act, and shall have the right to
restrict or rescind any transaction, or impose other rules and requirements, to the extent it deems
necessary or desirable for such exemption or compliance to be met.

          Section 3.7. Designation of Beneficiary. Each Participant may designate a Beneficiary in such form and manner and within such time
periods as the Administrator may prescribe. A Participant can change his beneficiary designation
at any time, provided that each beneficiary designation shall revoke the most recent designation,
and the last designation received by the Administrator while the Participant is alive shall be
given effect. If a Participant designates a Beneficiary without providing in the designation that
the Beneficiary must be living at the time of distribution, the designation shall vest in the
Beneficiary all of the distribution payable after the Participant’s death, and any distributions
remaining upon the Beneficiary’s death shall be made to the Beneficiary’s estate. If there is no
valid beneficiary designation in effect at the time of the Participant’s death, if the Beneficiary
does not survive the Participant, or if the beneficiary designation provides that the Beneficiary
must be living at the time of each distribution and such designated Beneficiary does not survive to
a distribution date, the Participant’s estate will be deemed the Beneficiary and will be entitled
to receive payment. If a Participant designates his spouse as a Beneficiary, such beneficiary
designation automatically

4

 

shall become null and void on the date the Administrator receives notice
of the Participant’s divorce or legal separation.

ARTICLE 4.

PARTICIPATION

          Each Outside Director shall automatically become a Participant on the date the individual is
first elected or appointed to become an Outside Director.

ARTICLE 5.

RETIREMENT ACCOUNTS

          Section 5.1. Establishment of Retirement Account. Each Participant shall have a
Retirement Account established under this Plan on his behalf. A Participant’s Retirement Account
shall be credited with “Share Units” and otherwise subject to adjustment as follows:

          (a) Conversion of Accrued Benefits. For each Participant who was an Outside Director
of the Company as of December 1, 1998, the Administrator shall calculate the value of such Outside
Director’s accrued benefits under the Company’s Director Retirement Plan as of September 30, 1998.
Each such Outside Director’s Retirement Account shall be credited with a number of Share Units
equal to the result obtained by (i) dividing (A) the value of such Outside Director’s accrued
benefits under the Company’s Director Retirement Plan as of September 30, 1998 by (B) the Fair
Market Value of a Share as of the first trading day in December 1998.

          (b) Annual Credit of Share Units. On the date of each regular meeting of the Board
held in November, the Retirement Account of each Participant who is then an Outside Director shall
be credited with a number of additional Share Units equal to the result obtained by dividing (A)
the amount determined for such year by the Committee by (B) the Fair Market Value of a Share on
such date. Effective October 1, 2006, no additional Share Units shall be credited to a
Participant’s Retirement Account under this subsection (b).

          Section 5.2. Interim Election. Any Outside Director whose election to the Board is first effective at any time other than the
regular meeting of the Board held in November shall have credited to his or her Retirement Account
a proportionate share of the Annual Credit at the time of effectiveness of his election. Such
credit shall be based on the Fair Market Value of a Share on the date on which his election is
effective. Effective October 1, 2006, no Share Units shall be credited to a Participant’s
Retirement Account under this Section 5.2.

          Section 5.3. Investment Election.

          (a) Effective November 15, 2006, amounts credited to a Participant’s Retirement Account shall
reflect the investment experience of the Investment Options selected by the Participant. A
Participant may elect to reallocate his or her Retirement Account among the various Investment
Options in whole increments of one percent (1%) from time to time as prescribed by the
Administrator, subject to any restrictions on re-allocation with respect to Share Units as may be
imposed by the Company. Such investment elections shall remain in effect until changed by the
Participant. All investment elections shall become effective as soon as

5

 

practicable after receipt
of such election by the Administrator or its designee, and must be made in the form and manner and
within such time periods as the Administrator prescribes in order to be effective. In the absence
of an effective election, the Participant’s Account shall be deemed invested in the Share Unit
Account.

          Notwithstanding the foregoing, a Participant may not reallocate his or her Retirement Account
among the various Investment Options until the date of such Participant’s Separation from Service.
Thereafter, such a Participant may reallocate his or her Retirement Account at any time as set
forth above.

          (b) On each Valuation Date, the Administrator or its designee shall credit the deemed
investment experience with respect to the selected Investment Options to each Participant’s
Account.

          (c) Notwithstanding anything herein to the contrary, the Company retains the right to allocate
actual amounts hereunder without regard to a Participant’s request.

          Section 5.4. Securities Law Restrictions. Notwithstanding anything to the
contrary herein, all elections under Section 5.3 by a Participant who is subject to Section 16 of
the Exchange Act are subject to review by the Administrator prior to implementation. In
accordance with Section 3.6, the Administrator may restrict additional transactions, rescind
transactions, or impose other rules and procedures, to the extent deemed desirable by the
Administrator in order to comply with the Exchange Act, including, without limitation, application
of the review and approval provisions of this Section 5.4 to Participants who are not subject to
Section 16 of the Exchange Act.

          Section 5.5. Accounts are For Record Keeping Purposes Only. Retirement Accounts and the record keeping procedures described herein serve solely as a device
for determining the amount of benefits accumulated by a Participant under the Plan, and shall not
constitute or imply an obligation on the part of the Company to fund such benefits.

ARTICLE 6.

RULES WITH RESPECT TO SHARE UNITS

          Section 6.1. Transactions Affecting Common Stock. In the event of any merger,
share exchange, reorganization, consolidation, recapitalization, stock dividend, stock split or
other change in corporate structure of the Company affecting Shares, the Administrator may make
appropriate equitable adjustments with respect to the Share Units credited to the Retirement
Account of each Participant, including without limitation, adjusting the date as of which such
units are valued and/or distributed, as the Administrator determines is necessary or desirable to
prevent the dilution or enlargement of the benefits intended to be provided under the Plan.

          Section 6.2. No Shareholder Rights With Respect to Share Units. Participants
shall have no rights as a stockholder pertaining to Share Units credited to their Retirement
Accounts. No Participant or Beneficiary shall have any right to receive a distribution of Shares
under this Plan. All distributions under the Plan are made in cash.

6

 

          Section 6.3. Dividends. Whenever the Company declares a dividend on its Shares,
in cash or in property, at a time when Participants have Share Units credited to their Retirement
Accounts, a dividend award shall be made to all such Participants as of the date of payment of the
dividend. The dividend award for a Participant shall be determined by multiplying the Share Units
credited to the Participant’s Account as of the date the dividend is declared by the amount or Fair
Market Value of the dividend paid or distributed on one Share. The dividend award shall be
credited to the Participant’s Retirement Account by converting such award into Share Units by
dividing the amount of the dividend award by the Fair Market Value of a Share on the date the
dividend is paid. Any other provision of this Plan to the contrary notwithstanding, if a dividend
is declared on Shares in the form of a right or rights to purchase shares of capital stock of the
Company or of any entity acquiring the Company, such dividend award shall not be credited to the
Participant’s Retirement Account, but each Share Unit credited to a Participant’s Retirement
Account at the time such dividend is paid, and each Share Unit thereafter credited to the
Participant’s Retirement Account at a time when such rights are attached to Shares, shall
thereafter be valued as of any point in time on the basis of the aggregate of the then Fair Market
Value of one Share plus the then Fair Market Value of such right or rights then or previously
attached to one Share.

ARTICLE 7.

PAYMENT

          Section 7.1. Distributions.

          (a) Participant’s Separation from Service. Upon a Participant’s Separation from
Service for any reason, the Participant, or his Beneficiary, in the event of his death, shall be
entitled to payment of the amount accumulated in such Participant’s Retirement Account.

          Section 7.2. Election of Form of Distribution. A Participant, within the first
thirty (30) days following the date he commences participation in the Plan, shall make a
distribution election with respect to his Retirement Account. Such election shall be made in such
form and manner and within such time periods as the Administrator may prescribe, and shall be
irrevocable. The election shall specify whether distributions shall be made in a single lump sum
or annual installments of from two (2) to ten (10) years. If no valid election is in effect,
distribution shall be made in ten (10) annual installments.

          Section 7.3. Manner of Distribution. A Participant’s Retirement Account shall be
paid or begin to be paid in cash as follows:

          (a) If payment is to be made in a lump sum, payment shall be made in the first calendar
quarter of the year following the year in which the Participant’s Separation from Service occurs,
and shall be in an amount equal to the balance of the Participant’s Retirement Account as of the
Valuation Date immediately preceding the distribution date.

          (b) If payment is to be made in annual installments, the first annual payment shall be made in
the first calendar quarter of the year following the year in which the Participant’s Separation
from Service occurs, and shall equal the value of 1/10th (or 1/9th,
1/8th, 1/7th, etc. depending on the number of installments elected) of the
balance of the Participant’s

7

 

Retirement Account as of the Valuation Date immediately preceding the
distribution date. A second annual payment shall be made in the first calendar quarter of the
second year after the year in which the Participant’s Separation from Service occurs, and shall
equal the value of 1/9th (or 1/8th, 1/7th, 1/6th, etc.
depending on the number of installments elected) of the balance of the Participant’s Retirement
Account as of the Valuation Date immediately preceding the distribution date. Each succeeding
installment payment (if any) shall be determined in a similar manner, until the final installment
which shall equal the then remaining balance of such account as of the Valuation Date immediately
preceding the final distribution date.

          Notwithstanding the foregoing provisions, if the balance of a Participant’s Retirement Account
as of the Valuation Date immediately preceding a distribution date is $50,000 or less, then the
entire remaining balance of the Participant’s Retirement Account shall be paid in the form of a
lump sum on such distribution date.

          Section 7.4. Distribution of Remaining Account Following Participant’s Death. In
the event of the Participant’s death prior to receiving all payments due under this Article 7, the
balance of the Participant’s Retirement Account shall be paid to the Participant’s Beneficiary in a
lump sum in the first calendar quarter of the year following the year of the Participant’s death.

          Section 7.5. Tax Withholding. The Company shall have the right to deduct from
any deferral or payment made hereunder, or from any other amount due a Participant, the amount of
cash sufficient to satisfy the Company’s or Affiliate’s foreign, federal, state or local income tax
withholding obligations with respect to such deferral or payment. In addition, if prior to the
date of distribution of any amount hereunder, the Federal Insurance Contributions Act (FICA) tax
imposed under Code Sections 3101, 3121(a) and 3121(v)(2), where applicable, becomes due, the
Participant’s Retirement Account balance shall be reduced by the amount needed to pay the
Participant’s portion of such tax, plus an amount equal to the withholding taxes due under federal,
state or local law resulting from the payment of such FICA tax, and an additional amount to pay the
additional income tax at source on wages attributable to the pyramiding of the Code Section 3401
wages and taxes, but no greater than the aggregate of the FICA tax amount and the income tax
withholding related to such FICA tax amount.

          Section 7.6. Offset. The Company shall have the right to offset from any amount
payable hereunder any amount that the Participant owes to the Company or to any Affiliate without
the consent of the Participant (or his Beneficiary, in the event of the Participant’s death).

          Section 7.7. Additional Payment Provisions.

	 	(a)	 	Acceleration of Payment. Notwithstanding the foregoing:
	 
	 	(1)	 	If an amount deferred under this Plan is required to be
included in income under Code Section 409A prior to the date such amount is
actually distributed, a Participant shall receive a distribution, in a lump sum
within ninety (90) days after the date the Plan fails to meet the requirements
of Code Section 409A, of the amount required to be included in the
Participant’s income as a result of such failure.

8

 

	 	(2)	 	If an amount under the Plan is required to be immediately
distributed in a lump sum under a domestic relations order within the meaning
of Code Section 414(p)(1)(B), it may be distributed according to the terms of
such order, provided the Participant holds the Administrator harmless with
respect to such distribution. The Plan shall not distribute amounts required
to be distributed under a domestic relations order other than in the limited
circumstance specifically stated herein.
	 
	 	(b)	 	Delay in Payment. Notwithstanding the foregoing:
	 
	 	(1)	 	If a distribution required under the terms of this Plan would
jeopardize the ability of the Company to continue as a going concern, the
Company shall not be required to make such distribution. Rather, the
distribution shall be delayed until the first date that making the distribution
does not jeopardize
the ability of the Company to continue as a going concern. Any distribution
delayed under this provision shall be treated as made on the date specified
under the terms of this Plan.
	 
	 	(2)	 	If the distribution will violate the terms of Section 16(b) of
the Exchange Act or other Federal securities laws, or any other applicable law,
then the distribution shall be delayed until the earliest date on which making
the distribution will not violate such law.

ARTICLE 8.

TERMS AND CONDITIONS

          Section 8.1. No Funding. No stock, cash or other property will be deliverable to
a Participant or his or her Beneficiary in respect of the Participant’s Retirement Account until
the date or dates identified pursuant to Article 7, and all Retirement Accounts shall be reflected
in one or more unfunded accounts established for the Participant by the Company. Payment of the
Company’s obligation will be from general funds, and no special assets (stock, cash or otherwise)
have been or will be set aside as security for this obligation, unless otherwise provided by the
Administrator.

          Section 8.2. No Transfers. Except as permitted by Section 7.5, a Participant’s
rights to payments under this Plan are not subject in any manner to anticipation, alienation, sale,
transfer, assignment, pledge, encumbrance by a Participant or his Beneficiary, or garnishment by a
Participant’s creditors or the creditors of his or her beneficiaries, whether by operation of law
or otherwise, and any attempted sale, transfer, assignment, pledge, or encumbrance with respect to
such payment shall be null and void, and shall be without legal effect and shall not be recognized
by the Company.

          Section 8.3. Unsecured Creditor. The right of a Participant or Beneficiary to
receive payments under this Plan is that of a general, unsecured creditor of the Company, and the
obligation of the Company to make payments constitutes a mere promise by the Company to pay such
benefits in the future. Further, the arrangements contemplated by this Plan are intended to be
unfunded for tax purposes and for purposes of Title I of ERISA.

9

 

          Section 8.4. Retention as Director. Nothing contained in the Plan shall
interfere with or limit in any way the right of the shareholders of the Company to remove any
Director from the Board, nor confer upon any Director any right to continue in the service of
Company as a Director.

ARTICLE 9.

TERMINATION AND AMENDMENT OF PLAN

          Section 9.1. Amendment. To the extent permitted by Code Section 409A, the Committee may at any time amend the Plan;
provided, however, that (a) the Committee may not amend the Plan more than once every six months,
other than amendments the Committee deems necessary or advisable to assure the conformity of the
Plan with any requirements of state and federal law or regulations now or hereafter in effect, and
(b) subject to the provisions of Section 9.2, no amendment shall affect adversely any of the rights
of any Outside Director (except as such Outside Director’s Retirement Account balance may be
reduced as a result of investment losses allocable to such account), without such Outside
Director’s consent, under any election theretofore in effect under the Plan; provided further that
the Board must approve any amendment that expands the class of individuals eligible for
participation under the Plan, that materially increases the benefits provided hereunder, or that is
required to be approved by the Board by any applicable law or the listing requirements of the
national securities exchange upon which the Company’s common stock is then traded. In addition,
the Administrator may at any time amend the Plan to make administrative changes and changes
necessary to comply with applicable law.

          Section 9.2. Termination. The Committee may terminate the Plan in accordance
with the following provisions. Upon termination of the Plan, the Committee may authorize the
payment of all amounts accrued under the Plan in a single sum payment without regard to any
distribution election then in effect, only in the following circumstances:

	 	(1)	 	The Plan is terminated within twelve (12) months of a corporate
dissolution taxed under Code Section 331, or with the approval of a bankruptcy
court pursuant to 11 U.S.C. §503(b)(1)(A). In such event, the single sum
payment must be distributed by the latest of: (A) the last day of the calendar
year in which the Plan termination occurs, (B) the first calendar year in which
the amount is no longer subject to a substantial risk of forfeiture, or (C) the
first calendar year in which payment is administratively practicable.
	 
	 	(2)	 	The Plan is terminated at any other time, provided that such
termination does not occur proximate to a downturn in the financial health of
the Company or an Affiliate, and all other plans required to be aggregate with
this Plan under Code Section 409A are also terminated and liquidated. In such
event, the single sum payment shall be paid no earlier than twelve (12) months
(and no later than twenty-four (24) months) after the date of the Plan’s
termination. Notwithstanding the foregoing, any payment that would otherwise
be paid during the twelve (12)-month period beginning on the Plan termination
date pursuant to the terms of the Plan shall be paid

10

 

	 	 	 	in accordance with such
terms. In addition, the Company or any Affiliate shall be prohibited from
adopting a similar arrangement within three (3) years following the date of the
Plan’s termination.

ARTICLE 10.

CHANGE OF CONTROL

          Section 10.1. Acceleration of Payment. Anything in this Plan to the contrary
notwithstanding, each Participant’s Retirement Account shall be paid in cash in a lump sum within
thirty (30) days following the occurrence of a Change of Control. The amount of the cash payment
shall be determined by multiplying the number of Share Units in the Retirement Account by the Fair
Market Value of a Share as of the most recent Valuation Date preceding the occurrence of the Change
of Control.

          In determining the amount accumulated in a Participant’s Retirement Account, each Share Unit
shall have a value equal to the higher of (a) the highest reported sales price, regular way, of a
share of the Company’s common stock on the Composite Tape for New York Stock Exchange Listed Stocks
(the “Composite Tape”) during the sixty (60)-day period prior to the date of the Change of Control
of the Company and (b) if the Change of Control of the Company is the result of a transaction or
series of transactions described in Section 10.2(a), the highest price per Share of the Company
paid in such transaction or series of transactions.

          Section 10.2. Definition of a Change of Control. A Change of Control means any
of the following events, provided that each such event would constitute a change of control within
the meaning of Code Section 409A:

          (a) The acquisition, other than from the Company, by any individual, entity or group of
beneficial ownership (within the meaning of Rule l3d-3 promulgated under the Exchange Act),
including in connection with a merger, consolidation or reorganization, of more than either:

	 	(1)	 	Fifty percent (50%) of the then outstanding shares of common
stock of the Company (the “Outstanding Company Common Stock”) or
	 
	 	(2)	 	Thirty-five percent (35%) of the combined voting power of the
then outstanding voting securities of the Company entitled to vote generally in
the election of directors (the “Company Voting Securities”),

provided, however, that any acquisition by (x) the Company or any of its subsidiaries, or any
employee benefit plan (or related trust) sponsored or maintained by the Company or any of its
subsidiaries or (y) any corporation with respect to which, following such acquisition, more than
sixty percent (60%) of, respectively, the then outstanding shares of common stock of such
corporation and the combined voting power of the then outstanding voting securities of such
corporation entitled to vote generally in the election of directors is then beneficially owned,
directly or indirectly, by all or substantially all of the individuals and entities who were the
beneficial owners, respectively, of the Outstanding Company Common Stock and Company Voting
Securities immediately prior to such acquisition in substantially the same proportion as their
ownership, immediately prior to such acquisition, of the Outstanding Company Common

11

 

Stock and
Company Voting Securities, as the case may be, shall not constitute a Change in Control of the
Company; or

          (b) Individuals who, as of January 1, 2005, constitute the Board (the “Incumbent Board”) cease
for any reason to constitute at least a majority of the Board during any twelve (12)-month period,
provided that any individual becoming a director subsequent to January 1, 2005, whose election or
nomination for election by the Company’s shareholders was approved by a vote of at least a majority
of the directors then comprising the Incumbent Board, shall be considered as though such individual
were a member of the Incumbent Board; or

          (c) A complete liquidation or dissolution of the Company or sale or other disposition of all
or substantially all of the assets of the Company other than to a corporation with respect to
which, following such sale or disposition, more than sixty percent (60%) of, respectively, the then
outstanding shares of common stock and the combined voting power of the then outstanding voting
securities entitled to vote generally in the election of directors is then owned beneficially,
directly or indirectly, by all or substantially all of the individuals and entities who were the
beneficial owners, respectively, of the Outstanding Company Common Stock and Company Voting
Securities immediately prior to such sale or disposition in substantially the same proportion as
their ownership of the Outstanding Company Common Stock and Company Voting Securities, as the case
may be, immediately prior to such sale or disposition. For purposes hereof, “a sale or other
disposition of all or substantially all of the assets of the Company” will not be deemed to have
occurred if the sale involves assets having a total gross fair market value of less than forty
percent (40%) of the total gross fair market value of all assets of the Company immediately prior
to the acquisition. For this purpose, “gross fair market value” means the value of the assets
without regard to any liabilities associated with such assets.

          (d) For purposes of this Section 10.2, persons will not be considered to be acting as a
“group” solely because they purchase or own stock of the Company at the same time, or as a result
of the same public offering. 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 similar business transaction with the Company. If a person, including an entity, owns
stock in the Company and any other corporation that enters into a merger, consolidation, purchase
or acquisition of stock, or similar transaction, such shareholder is considered to be acting as a
group with other shareholders in such 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 Company.

ARTICLE 11.

SUCCESSORS

          All obligations of the Company under the Plan 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. This Plan shall be binding upon and inure to the benefit of the Participants,
Beneficiaries, and their heirs, executors, administrators and legal representatives.

12

 

ARTICLE 12.

DISPUTE RESOLUTION

          Section 12.1. Governing Law. This Plan and the rights and obligations hereunder shall be governed by and construed in
accordance with the internal laws of the State of Wisconsin (excluding any choice of law rules
that may direct the application of the laws of another jurisdiction).

          Section 12.2. Arbitration.

          (a) Application. Notwithstanding anything to the contrary herein, if a Participant or
Beneficiary brings a claim that relates to benefits under this Plan, regardless of the basis of
the claim, such claim shall be settled by final binding arbitration in accordance with the rules of
the American Arbitration Association (“AAA”) and judgment upon the award rendered by the arbitrator
may be entered in any court having jurisdiction thereof.

          (b) Initiation of Action. Arbitration must be initiated by serving or mailing a
written notice of the complaint to the other party. Normally, such written notice should be
provided to the other party within one year (365 days) after the day the complaining party first
knew or should have known of the events giving rise to the complaint. However, this time frame may
be extended if the applicable statute of limitation provides for a longer period of time. If the
complaint is not properly submitted within the appropriate time frame, all rights and claims that
the complaining party has or may have against the other party shall be waived and void. Any notice
sent to the Company shall be delivered to:

Office of General Counsel

Johnson Controls, Inc.

5757 North Green Bay Avenue

P.O. Box 591

Milwaukee, WI 53201-0591

          The notice must identify and describe the nature of all complaints asserted and the facts upon
which such complaints are based. Notice will be deemed given according to the date of any postmark
or the date of time of any personal delivery.

          (c) Compliance with Personnel Policies. Before proceeding to arbitration on a
complaint, the Participant or Beneficiary must initiate and participate in any complaint resolution
procedure identified in the Company’s personnel policies. If the claimant has not initiated the
complaint resolution procedure before initiating arbitration on a complaint, the initiation of the
arbitration shall be deemed to begin the complaint resolution procedure. No arbitration hearing
shall be held on a complaint until any applicable Company complaint resolution procedure has been
completed.

          (d) Rules of Arbitration. All arbitration will be conducted by a single arbitrator
according to the Employment Dispute Arbitration Rules of the AAA. The arbitrator will have
authority to award any remedy or relief that a court of competent jurisdiction could order or grant
including, without limitation, specific performance of any obligation created under

13

 

policy, the
awarding of punitive damages, the issuance of any injunction, costs and attorney’s fees to the
extent permitted by law, or the imposition of sanctions for abuse of the arbitration
process. The arbitrator’s award must be rendered in a writing that sets forth the essential
findings and conclusions on which the arbitrator’s award is based.

          (e) Representation and Costs. Each party may be represented in the arbitration by an
attorney or other representative selected by the party. The Company shall be responsible for its
own costs, the AAA filing fee and all other fees, costs and expenses of the arbitrator and AAA for
administering the arbitration. The claimant shall be responsible for his attorney’s or
representative’s fees, if any. However, if any party prevails on a statutory claim which allows
the prevailing party costs and/or attorneys’ fees, the arbitrator may award costs and reasonable
attorneys’ fees as provided by such statute.

          (f) Discovery; Location; Rules of Evidence. Discovery will be allowed to the same
extent afforded under the Federal Rules of Civil Procedure. Arbitration will be held at a location
selected by the Company. AAA rules notwithstanding, the admissibility of evidence offered at the
arbitration shall be determined by the arbitrator who shall be the judge of its materiality and
relevance. Legal rules of evidence will not be controlling, and the standard for admissibility of
evidence will generally be whether it is the type of information that responsible people rely upon
in making important decisions.

          (g) Confidentiality. The existence, content or results of any arbitration may not be
disclosed by a party or arbitrator without the prior written consent of both parties. Witnesses
who are not a party to the arbitration shall be excluded from the hearing except to testify.

14

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