Document:

Form of Transferable Option Award

 
Exhibit 10.01d 
 Form of Transferable OPTION AWARD 
 UNDER THE 
 2002 PRAXAIR, INC.

 LONG TERM INCENTIVE PLAN 
 This Award, made as of the          day of
                         (the “Grant Date”) by PRAXAIR, INC., a Delaware corporation, having an office at 39 Old
Ridgebury Road, Danbury, Connecticut 06810-5113 (hereinafter called the “Corporation”). 
 W I T N E S S E T H: 
 The Corporation hereby grants to
                         (hereinafter called the “Participant”), as of the Grant Date, a non-qualified stock
option to purchase                      shares of the common stock of the Corporation (par value of $.01 per share) at
$             per share upon the following terms and conditions: 
 1.
Vesting. Except as otherwise provided in this Award and subject to the provisions of paragraph 3, this option may be exercised only on or after
                , [in no event less than three years following the date of grant, provided that the option may partially vest after no less than one year so long
as the entire grant does not vest fully until at least three years have elapsed from the date of grant]. The option may be exercised only in a whole number of shares. In the event that the option is not evenly divisible by three, the remaining
amount shall be added to the last vesting period. Notwithstanding the foregoing, the entire option shall become immediately vested and exercisable upon the occurrence of either the Participant’s death or a Change in Control. 
 2. Expiration. Except as otherwise provided herein, this option shall expire on the tenth anniversary of the Grant Date. 

3. Exercisability. 
 (a)
This option shall be exercisable by the Participant only while the Participant is in active employment with the Corporation or a Subsidiary or Affiliate of the Corporation and shall be immediately forfeited upon the effective date of the
Participant’s termination of employment with the Corporation or a Subsidiary or Affiliate of the Corporation, except that this option shall continue to be exercisable: 
 (i) at any time prior to its expiration date in the case of the Participant’s Disability or Retirement; provided, however, that following the
Participant’s Disability or Retirement, this option shall only become vested and exercisable in accordance with paragraph 1; and provided further, that in the event of the Participant’s Retirement prior to [one year from the date of
grant], this option shall never become vested and exercisable and shall be immediately forfeited upon the effective date of the Participant’s Retirement; 
 (ii) during a three-year period commencing on the date of the Participant’s termination of employment by the Corporation or a Subsidiary or Affiliate of the Corporation other than for cause provided, however,
that following such termination of the Participant’s employment other than for cause, this option shall only become vested and exercisable in accordance with paragraph 1 above; and provided further, that, except as otherwise
determined by the Corporation’s Chief Executive Officer or his designee, in the event of the Participant’s termination of employment by the Corporation or a 

  

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Subsidiary or Affiliate of the Corporation other than for cause prior to [one year from the date of grant], this option shall never become vested and
exercisable and shall be immediately forfeited upon the effective date of such termination of the Participant’s employment; 
 (iii)
during a three-year period commencing on the date of the Participant’s death; 
 (iv) during a three-year period commencing on the date
of termination of the Participant’s employment, by the Participant or by the Corporation or a Subsidiary or Affiliate of the Corporation, other than for cause, within two years after a Change in Control, or 
 (v) otherwise as the Committee may determine, if the Committee decides that it is in the best interests of the Corporation to permit individual
exceptions. 
 (b) In no event may this option be exercised on or after its expiration date. 
 (c) An individual who is employed by a Subsidiary or Affiliate of the Corporation shall be deemed to have terminated employment for purposes of this
Award at such time as the Corporation and its Subsidiaries own, either directly or indirectly, less than 50% of the employing Subsidiary’s or Affiliate’s total financial interests or combined voting power. 
 4. Transferability. This option is not transferable other than; 
 (a) in the case of the Participant’s death, pursuant to the beneficiary designation then on file with the Corporation, or, in the absence of such a
beneficiary designation, by will or the laws of descent and distribution (in such event, this option may be exercised by the executor or administrator of the Participant’s estate or by the Participant’s distributee(s) within the time
limitations provided in paragraphs 1, 2 and 3 hereof); or 
 (b) if the Participant has met the Corporation’s stock ownership guidelines
applicable to him/her at the time of such proposed transfer, by the Participant in whole or in parts to; 
 (i) the Participant’s
spouse, children (including by adoption), stepchildren or grandchildren (“immediate family members”), 
 (ii) a partnership in
which such immediate family members are the only partners, or 
 (iii) a trust for the exclusive benefit of such immediate family members; or

 (c) in the case of a transferee’s, beneficiary’s or distributee’s death, to his/her estate, in which case this option may
be exercised only by the executor or administrator of such estate and shall not be subject to further transfer. 
 5. Transfer of Option. 
 (a) Any transfer of this option, in whole or in part, is subject
to acceptance by the Corporation in its sole discretion and shall be effected according to such procedures as the Vice President, Human Resources may establish. 
 (b) The provisions of this Award, including without limitation, paragraphs 3 and 6(c) relating to the Participant, shall apply to this option notwithstanding any transfer to a third party. 
 6. Exercise of Option. 
 (a)
Notice of Exercise. This option may be exercised at the office of the Corporation in Danbury, 

  

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Connecticut (or at such other location as determined by the Corporation) with respect to a part or all of the shares covered by the option and then
exercisable by giving notice to the Corporation (or its designee as communicated from time to time) of the exercise of the option. 
 (b)
Exercise Price Payment. The option price for the shares for which this option is exercised shall be paid by the exerciser not later than ten business days after the date of exercise, (i) in cash, (ii) in whole shares of common stock
of the Corporation owned by the exerciser prior to exercising the option, (iii) by having the Corporation withhold shares that would otherwise be delivered to the exerciser pursuant to the exercise of the option, or (iv) in a combination
of cash and delivery of whole shares, or cash and the withholding of shares. The value of any share of common stock delivered or withheld in payment of the option price shall be its Market Price on the date the option is exercised. Notwithstanding
the foregoing, the Corporation may refuse to allow payment by any method other than cash if the Corporation determines that allowing such payment would result in the imposition of variable accounting on the Corporation. 
 (c) Taxes. To enable the Corporation to meet any applicable federal, state or local withholding tax requirements arising as a result of the
exercise of the option, the exerciser shall pay the Corporation the amount of tax to be withheld, if any, (i) in cash, (ii) in whole shares of common stock of the Corporation owned by the exerciser prior to exercising the option,
(iii) for exercises by the Participant only, by having the Corporation withhold shares that would otherwise be delivered to the Participant pursuant to the exercise of the option (but only to cover the minimum legally required tax withholding),
or (iv) in a combination of cash and a delivery of whole shares. The value of any share of common stock so delivered or withheld shall be the Market Price on the date used to determine the amount of tax to be withheld. The Corporation reserves
the right to (i) disapprove a Participant’s election to utilize any of the alternatives under this paragraph (c), and (ii) to delay the completion of any exercise of this option until the applicable withholding tax has been paid.

 (d) Delivery of Shares. Upon the exercise of an option with respect to a part or all of the shares in the manner and within the
time herein provided, the Corporation shall issue and deliver to the exerciser, or to the exerciser’s dividend reinvestment account, the number of shares of its common stock with respect to which the option was exercised. However, if an option
is exercised after the death of the Participant, beneficiary or distributee, then the Corporation shall have the right, in lieu of issuing and delivering shares of stock, of returning the option payment to the exerciser and paying to such person the
amount by which the Market Price on the date of exercise exceeds the option price with respect to the number of shares for which the option was exercised. 
 7. Terms and Conditions. This option is awarded pursuant to the Plan and is subject to all of the terms and conditions of the Plan which terms and conditions shall control in the event of any
conflict with this Award. 
 8. Applicable Law. This Award shall be interpreted and construed in accordance with the
laws of the State of Connecticut. 
 9. Definitions. 
 (a) “Change in Control” means a change in control of the Corporation as defined in the Plan. 
 (b) “Committee” means the Compensation and Management Development Committee of the Board of Directors of the Corporation or any other Committee
which such Board of Directors appoints to administer the Plan. 
 (c) “Corporation” means Praxair, Inc. 
 (d) “Disability” means a Participant’s inability to engage in any substantial gainful activity 

  

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because of any medically determinable physical or mental impairment which can be expected to result in death or which has lasted, or can be expected to last,
for a continuous period of six (6) months or longer. 
 (e) “Market Price” means the mean of the high and low prices of the
common stock of the Corporation as reported in the New York Stock Exchange Composite Transactions on the specified date (or on the next preceding day such stock was traded on a stock exchange included in the New York Stock Exchange—Composite
Transactions if it was not traded on any such exchange on the specified date). 
 (f) “Plan” means the 2002 Praxair, Inc. Long Term
Incentive Plan, as amended and restated as of February 24, 2004, and as further amended from time to time. 
 (g) “Retirement”
means termination of employment with the Corporation or a Subsidiary or Affiliate, other than for cause, with the right under the Corporation’s Retirement Program to receive a non-actuarially reduced pension immediately upon separation from
service. Provided, however, that if the Participant is employed by a foreign Affiliate of the Corporation and/or is not eligible to participate in the Corporation’s Retirement Program, Retirement means termination of employment with the
Corporation or a Subsidiary or Affiliate, other than for cause, after (i) attaining age 65, (ii) attaining age 62 and completing at least 10 years of employment with the Corporation, or (iii) having accumulated 85 points, where each
year of the Participant’s age and each year of employment with the Corporation count for one point. 
 10. The Corporation’s grant
of this option to the Participant pursuant to this Award, and the Participant’s eligibility for any right, payment, issue or award with respect to this option, are contingent on the Participant’s execution and filing with the Corporation,
or the employing Subsidiary, as applicable, of a non-compete agreement in a form, and within a timeframe, acceptable to the Corporation or the employing Subsidiary. 
 11. Notwithstanding any other provision of this Award, the Committee may, in its sole discretion, cancel, rescind, suspend, withhold, or otherwise limit or restrict this Award, and/or recover any gains realized by the
Participant in connection with this Award, in the event of any actions by the Participant determined by the Committee to (a) constitute a conflict of interest with the Corporation, (b) be prejudicial to the Corporation’s interests, or
(c) violate any non-compete agreement or obligation of the Participant to the Corporation, any confidentiality agreement or obligation of the Participant to the Corporation, the Corporation’s applicable policies, or the Participant’s
terms and conditions of employment. 
 IN WITNESS WHEREOF, the Corporation has caused this instrument to be executed by its proper officer
hereunto duly authorized, as of the day and year first hereinabove written. 
  

			
	PRAXAIR, INC.
		
	By:	 	
		 	  

  

 Page 4Form of Performance Share Award

 
Exhibit 10.01e 
 FORM OF 
 PERFORMANCE SHARE AWARD 
 UNDER THE 
 2002 PRAXAIR, INC. 
 LONG TERM INCENTIVE PLAN 
 Effective as of
                                        
(the “Date of Grant”), Praxair, Inc. (the “Company”), a Delaware corporation, hereby grants to
                         (the “Participant”) the following Performance Award under the 2002 Praxair, Inc. Long
Term Incentive Plan (the “Plan”), subject to the terms and conditions of the Plan, which are incorporated herein by reference, and those set forth below. Capitalized terms used herein and not defined shall have the meanings set forth in
the Plan, as the same may be amended from time to time. In the event of any conflict between this award and the Plan, the Plan shall control. 
 1. Award of Performance Shares. The Participant is hereby granted a Performance Award of              Performance Shares (the “Award”). The value of a
single Performance Share is equal to the value of a single share of Stock of the Company. For purposes of this Award,     [same number]            
Performance Shares is considered the Participant’s “Target Amount.” 
 2. Vesting of Award; Treatment upon Termination of
Service. 
 (a) Vesting Generally. Subject to the following provisions of this Section 2 and the other terms and conditions
of this Award, this Award shall become vested on the              anniversary of the Date of Grant, provided that the Participant has remained continuously employed by the Company or
its Affiliate or Subsidiary from the Date of Grant through the              anniversary of the Date of Grant. 
 (b) Death, Disability, Change in Control. Notwithstanding any provision of this Section 2 to the contrary, this Award shall become
immediately vested in full and payment shall be made pursuant to Section 3(b)(i) upon the earlier of (i) the Participant’s death or Disability, or (ii) a Change in Control of the Company, each occurring prior to the
             anniversary of the Date of Grant and while the Participant remains employed by the Company or its Affiliate or Subsidiary. 
 (c) Retirement; Termination by Action of Company Other than for Cause. Notwithstanding any provision of this Section 2 to the contrary, in
the event of the Participant’s Retirement after the              anniversary of the Date of Grant, or the termination by the Company of the Participant’s employment other
than for cause after the              anniversary of the Date of Grant, this Award shall become vested on the
             anniversary of the Date of Grant and payment shall be made pursuant to Section 3(b)(ii). 

 (d) Any other termination of the Participant’s employment with the Company or its Affiliates or
Subsidiaries before the              anniversary of the Date of Grant and before the occurrence of an event described in Section 2(b) or (c) above, shall result in an
immediate and total forfeiture of this Award. 
 3. Payment of Award. 
 (a) Determination of Amount of Payment. Except as otherwise described in Section 3(b), the amount of the payment due with respect to a vested
Award shall be determined based on the Company’s performance during calendar year(s)              (the “Performance Period”). Specifically, the Participant’s
Target Amount will be multiplied by the average of the annual corporate consolidated financial performance factors determined and used as a factor under the 2002 Praxair, Inc. Variable Compensation Plan (as may be amended from time to time) for each
year of the Performance Period. This annual corporate consolidated financial performance factor for each year of the Performance Period shall be determined by the Committee in its sole discretion and can range from zero to 200%. The payment with
respect to the Participant’s vested Award, if any, will be made in the form of shares of Stock of the Company, as soon as practicable after the second anniversary of the Date of Grant, but in no event later than
            . Solely by way of example, if the Committee determines that the annual corporate consolidated financial performance factor for 2007 is 100% and for 2008 is 200%, the
Participant’s Target Amount will be multiplied by 150% and the resulting number will be the number of shares of Stock paid with respect to the Participant’s vested Award. 
 (b) Termination, Change in Control, etc. Upon the occurrence of an event which satisfies the requirements of Sections 2(b) or 2(c) prior to the
             anniversary of the Date of Grant, the following shall apply: 
 (i) In the event the Participant becomes vested in this Award as the result of the occurrence of an event described in Section 2(b), this Award shall be settled by payment of a number of shares of Stock equal to the Participant’s
Target Amount as soon as practicable after the occurrence of such event, but in no event later than             , and no further payment will be made with respect to this Award.

 (ii) In the event the Participant becomes vested in this Award as the result of the occurrence of any event described in
Section 2(c), payment of this Award will be made in an amount (if any) and at such time, as described in Section 3(a). 
 4.
Other Terms and Conditions. It is understood and agreed that the Award of Performance Shares evidenced hereby is subject to the following terms and conditions: 
 (a) Rights of Participant. The Participant shall have no right to transfer, pledge, hypothecate or otherwise encumber the Award. Prior to the payment of shares 

  

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of Stock in satisfaction of this Award, the Participant shall have none of the rights of a stockholder of the Company with respect to the Award, including,
but not limited to, voting rights and the right to receive or accrue dividends. 
 (b) No Right to Continued Employment. This Award
shall not confer upon the Participant any right with respect to continuance of employment by the Company or its Subsidiaries and Affiliates nor shall this Award interfere with the right of the Company to terminate the Participant’s employment
at any time. 
 5. Tax Withholding. No later than the date of payment of the Award, the Participant shall pay to the Company an amount
sufficient to allow the Company to satisfy its tax withholding obligations. To this end, the Participant shall either: 
 (a) pay the Company
the amount of tax to be withheld (including through payroll withholding), 
 (b) deliver to the Company other shares of Stock of the Company
owned by the Participant prior to such date having a fair market value, as determined by the Committee, not less than the amount of the withholding tax due, which either have been owned by the Participant for more than six (6) months or were
not acquired, directly or indirectly, from the Company, 
 (c) make a payment to the Company consisting of a combination of cash and such
shares of Stock, or 
 (d) request that the Company cause to be withheld a number of shares of Stock otherwise due the Participant hereunder
having a then fair market value sufficient to discharge minimum required federal, state and local tax withholding (but no greater than such amount). 
 6. References. References herein to rights and obligations of the Participant shall apply, where appropriate, to the Participant’s legal representative or estate without regard to whether specific
reference to such legal representative or estate is contained in a particular provision of this Award. 
 7. Governing Law. This Award
shall be governed by and construed in accordance with the laws of Connecticut, without giving effect to principles of conflict of laws. 
              IN WITNESS WHEREOF, the Company has caused this instrument to be executed by its proper officer hereunto duly authorized, as of the day and year first
hereinabove written. 
  

			
	PRAXAIR, INC.
		
	By:	 	
		 	  

  

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