Document:

EX-4.9

 Exhibit 4.9 
 AMENDED AND RESTATED 1998 STOCK PLAN 
 Amended and Restated Effective
November 30, 2012 
 1. PURPOSE 
 The Plan enables non-employee directors and professional and management employees who contribute significantly to the success of Eaton Corporation plc (the “Company”) to participate in its
future prosperity and growth and to identify their interests with those of the shareholders. The purpose of the Plan is to provide long-term incentive through outstanding service to the Company and its shareholders and to assist in recruiting and
retaining people of outstanding ability and initiative in non-employee director, professional and management positions. The Plan, initially adopted by Eaton Corporation as its 1998 Stock Plan (the “Eaton Plan”), was amended and restated in
its current form in connection with the transaction entered into by Cooper Industries plc, Eaton Corporation, Eaton Corporation Limited, Abeiron II Limited, Turlock B.V., Eaton Inc. and Turlock Corporation, pursuant to which Eaton Corporation became
a subsidiary of the Company, a company incorporated in Ireland, and the Eaton Plan, together with all awards granted thereunder, was assumed by the Company with effect from November 30, 2012. 

2. ADMINISTRATION 
 (A) Employee
Awards 
 With respect to employee awards, the Plan shall be administered by the Compensation and Organization Committee of the
Board of Directors (the “Committee”), which shall consist of at least three non-employee directors. 
 (B)
Non-employee Director Options 
 With respect to non-employee director options, the Plan shall be administered by the
Non-employee Director Options Committee, which shall be comprised of the members of the Board who are employees of the Company. 

(C) Authority of Committees 
 With respect only to those awards for which it has administrative responsibility, the Committee and the Non-employee Director Options Committee shall each have complete authority (except as otherwise
expressly provided herein) to interpret all provisions of the Plan consistent with 

 
law, to determine the type and terms of instruments evidencing awards, to adopt, amend and rescind general and special rules and regulations for its administration, and to make all other
determinations necessary or advisable for its administration of the Plan. The determinations of each committee shall be final and conclusive. The committees may act by resolution or in any other manner permitted by law. The Committee may delegate
authority to grant awards to employees who are not officers or directors of the Company. 
 3. SHARES AVAILABLE 

The aggregate of (a) the number of Company ordinary shares, nominal value of $.01 per share (“shares”) delivered by the
Company in payment and upon exercise of awards to employees and non-employee directors (plus any Eaton Corporation common stock that was issued in settlement of outstanding awards under the Eaton Plan prior to its assumption by the Company) and
(b) the number of shares subject to outstanding awards to employees and non- employee directors shall not exceed 4,000,000 at any one time, subject to adjustments as authorized herein. Shares related to awards that are forfeited, terminated,
unexercised upon expiration, settled in cash in lieu of shares or in such manner that all or some of the shares covered by an award are not issued, or exchanged for awards that do not involve shares, shall immediately become available for other
awards. Shares available for awards may consist, in whole or in part, of authorized and unissued shares or treasury shares. 

The maximum aggregate number of shares or share units underlying options or related to other awards that may be granted to any employee
during any three consecutive calendar year period is 500,000. 
 Awards may be made under the Plan at any time after approval of
the Plan by shareholders at the 1998 annual meeting or until the termination of the Plan in accordance with the terms hereof if earlier. 
 4.
ELIGIBILITY FOR EMPLOYEE AWARDS 
 Any salaried employee (including officers) of the Company or any of its subsidiaries occupying
a professional or management position may be granted an award. The Committee (a) will designate employees to whom grants are to be made, (b) will specify the number of options, performance shares, restricted shares or other stock-based
awards subject to each grant, and (c) subject to Section 5(C), will specify the price of the award. 

 Non-employee directors are eligible to receive stock options as provided below. 

5. STOCK OPTIONS 
 (A) Employee
Stock Options 
 Grants. The Committee may grant to eligible employees (i) options which are intended to qualify as
incentive stock options (“Incentive Stock Options”) under the Internal Revenue Code, or (ii) options which are not intended to qualify as Incentive Stock Options. Each option will give the employee the right to purchase a designated
number of the Company’s shares. The aggregate fair market value (at the time of grant) of shares for Incentive Stock Options under all plans of the Company which become initially exercisable by an employee during any calendar year shall not
exceed $100,000 (or such other amount as may be provided by the Internal Revenue Code or regulations thereunder). 
 Exercise.
Each option shall be exercisable on such date or dates, during such period and for such number of shares, as shall be determined by the Committee as of the date of grant, although grants to employees subject to Section 16(b) of the Securities
Exchange Act of 1934 (“16b”) shall not be exercisable for at least six months after those options are granted. The Committee may, in its sole discretion, accelerate the times when an option may be exercised and the Management Compensation
Committee (comprised of Company officers) may do likewise for employees who are not subject to 16b. 
 (B) Non-employee Director
Stock Options 
 Grants. Subject to approval by shareholders at the 1998 annual meeting, each person who at that meeting or
thereafter becomes a non-employee director automatically shall be granted an option for 5,000 shares upon the date of his or her election. On each granting date that each non-employee director continues to serve in that capacity, beginning in the
year after that director receives his or her initial grant, he or she shall automatically be granted an option for a number of shares equal to the quotient resulting from dividing (i) four times the annual retainer for each non-employee
director in effect on the granting date, by (ii) the closing price of an Eaton share on the New York Stock Exchange Composite Transactions on the last business day immediately preceding the granting date. The granting date is the Tuesday
immediately before the fourth Wednesday of each January. Notwithstanding anything to the contrary herein, no non-employee director shall be allowed to receive an initial grant or a continuing grant for a particular year hereunder if that director
receives such a grant under the 1995 Stock Plan. 

 Term. The term of each option shall be ten years from the date of grant. 

Exercise. An option shall become fully exercisable six months following the date of grant. 

(C) Price 
 Each
employee and non-employee director option shall state the number of shares to which it pertains and the option price. The option price shall be the fair market value of the shares subject to the option on the date of grant. The fair market value
shall be the mean between the high and low prices as quoted on the New York Stock Exchange. 
 (D) Payment 

The price at which shares may be purchased upon exercise of an employee or non-employee director option shall be paid in full at the time
of exercise in cash, or, if permitted by the applicable committee, by means of tendering shares or other consideration valued at fair market value on the date of exercise, or any combination thereof. The applicable committee shall determine
acceptable methods of tendering shares or other consideration. Delivery of shares by the Company to the optionholder upon exercise of an option may be deferred, as authorized by the appropriate committee. 

6. PERFORMANCE SHARES 
 The
Committee may grant performance shares to any eligible employee for no cash consideration, if permitted by applicable law, or for such consideration as may be determined by the Committee and specified in the grant. The Committee shall establish
award periods and shall establish the number of performance shares to be earned if Company performance objectives are met. The performance objectives shall be stated in terms of cash flow return on gross capital employed in the Company’s
business (“CRC”). CRC equals the total of net income plus depreciation, goodwill amortization and after-tax net interest divided by the total of capital plus accumulated depreciation minus goodwill and short-term investments. After
performance shares have been awarded and performance objectives have been established, the Committee may not increase the number of performance shares that may be earned by any employee upon attainment of those performance objectives within a
performance period. The actual levels of CRC to be achieved, and the length of the performance period and other terms and conditions of the performance shares, shall be determined by the Committee. 

 To the extent performance shares are forfeited or the grant of performance shares has
expired or is surrendered, canceled or terminated, the shares subject to the grant shall be available for future grants if within other Plan limitations. 
 7. OTHER AWARDS 
 In limited circumstances where the Committee determines that the
use of stock options is inadvisable for tax or other regulatory reasons, it may grant stock appreciation rights to eligible employees. Stock appreciation rights entitle the holder, upon exercise, to receive a number of shares or cash, as the
Committee may determine, equal to the increase in fair market value of a number of shares designated by such rights from the date of grant to the date of exercise. The number of shares subject to a stock appreciation right shall be counted against
the individual limit on the maximum number of shares that may be awarded to any employee during any three consecutive calendar year period, and against the maximum number of shares which may be delivered under the Plan. 

The Committee may grant other share-based awards to any eligible employee for no cash consideration, if permitted by applicable law, or
for such consideration as may be determined by the Committee and specified in the grant. Such grants may include restricted shares. The Committee may specify such criteria or periods for payment as it shall determine and the extent to which such
criteria or periods have been met shall be conclusively determined by the Committee. Other share-based grants may be paid in shares or other consideration related to shares, as specified by the grant, and shall have such terms and conditions as
shall be determined by the Committee. 
 8. TRANSFERS 
 Except as otherwise provided by the appropriate committee, awards under the Plan are not transferable other than by will or the laws of descent and distribution. A transferred award may be exercised by
the transferee only to the extent that the grantee would have been entitled had the award not been transferred. Notwithstanding anything herein to the contrary, the transfer of Incentive Stock Options shall be limited as required by the Internal
Revenue Code and applicable regulations. 

 9. ADJUSTMENTS 
 In the event of any alteration to the capital structure of the Company, whether by way of reorganization, merger, consolidation, reclassification, recapitalization, combination or exchange of shares,
stock split, stock dividend, rights offering or similar event affecting shares of the Company, the appropriate committee shall equitably adjust (a) the number and class of shares (i) reserved under the Plan, (ii) for which awards may
be granted to an individual, and (iii) covered by outstanding awards denominated in shares or share units, (b) the prices relating to outstanding awards, and (c) the appropriate fair market value and other price determinations for
such awards; provided, that in no event shall the per share exercise price of an option or subscription price of an award be reduced to an amount that is lower than the nominal value of a share. 

10. GENERAL PROVISIONS 
 The
Company shall have the right to deduct from any payment made under the Plan any taxes required by law to be withheld. It shall be a condition to the obligation of the Company to deliver shares that the participant pay the Company such amount as it
may request for the purpose of satisfying any such tax liability. Any award under the Plan may provide that the participant may elect, in accordance with any applicable committee regulations, to pay the amount of such withholding taxes in shares.

 No person, estate or other entity shall have any of the rights of a shareholder with reference to shares subject to an award
until a certificate or certificates for the shares have been delivered to that person, estate or other entity. The Plan shall not confer upon any non-employee director or employee any right to continue in that capacity. The Plan and all
determinations made and actions taken pursuant hereto, to the extent not governed by the laws of the United States, shall be governed by the laws of Ohio. 
 11. AMENDMENT 
 The Board of Directors of the Company may alter, amend or terminate
the Plan from time to time, except that the Plan may not be amended without shareholder approval to (i) materially increase the aggregate number of shares which may be issued, (ii) increase the maximum number of shares which may be granted
to any employee, (iii) grant options or stock appreciation rights at a purchase price below fair market value on date of grant, or (iv) materially modify the requirements as to eligibility for participation in the Plan. The provisions of
the Plan pertaining to the awards to 

 
non-employee directors may not be amended more than once every six months, other than to comport with changes in the Internal Revenue Code, the Employee Retirement Income Security Act, or the
rules thereunder. 
 12. EFFECTIVE AND TERMINATION DATES 
 The Plan became effective when it was approved by shareholders holding a majority of the Company’s outstanding common shares entitled to vote at the 1998 annual meeting of shareholders. 

No awards shall be granted under the Plan after December 31, 2007. Awards granted before that date shall remain valid thereafter in
accordance with their terms. 
 13. COMPLIANCE 
 Notwithstanding any other provision of this Plan, (a) the Company shall not be obliged to issue any shares pursuant to an award unless at least the nominal value of each such newly issued share has
been fully paid in advance in accordance with applicable law (which requirement may mean the holder of an award is obliged to make such payment) and (b) the Company shall not be obliged to issue or deliver any shares in satisfaction of awards
until all legal and regulatory requirements associated with such issue or delivery have been complied with to the satisfaction of the Committee.EX-4.10

 Exhibit 4.10 
 AMENDED AND RESTATED EATON 1995 STOCK PLAN 
 Amended and Restated
Effective November 30, 2012 
 1. Purpose 
 The Plan enables non-employee directors and professional and management employees who contribute significantly to the success of Eaton Corporation plc (the “Company”) to participate in its
future prosperity and growth and to identify their interests with those of the shareholders. The purpose of the Plan is to provide long-term incentive through outstanding service to the Company and its shareholders and to assist in recruiting and
retaining people of outstanding ability and initiative in non-employee director, professional and management positions. The Plan, initially adopted by Eaton Corporation as its 1995 Stock Plan (the “Eaton Plan”), was amended and restated in
its current form in connection with the transaction entered into by Cooper Industries plc, Eaton Corporation, Eaton Corporation Limited, Abeiron II Limited, Turlock B.V., Eaton Inc. and Turlock Corporation, pursuant to which Eaton Corporation became
a subsidiary of the Company, a company incorporated in Ireland, and the Eaton Plan, together with all awards granted thereunder, was assumed by the Company with effect from November 30, 2012. 

2. Administration 
 (A)
Employee Awards 
 With respect to employee awards, the Plan shall be administered by the Compensation Committee of the Board of Directors
(the “Committee”), which shall consist of at least three non-employee directors selected by the Board. All other non-employee directors also may serve as alternate members of the Committee, who may take the place of any absent member or
members at any meeting of the Committee. 
 (B) Non-employee Director Options 

With respect to non-employee director options, the Plan shall be administered by the Non-employee Director Options Committee, which shall be comprised of
the members of the Board who are employees of the Company. 
 (C) Authority of Committees 

With respect only to those awards for which it has administrative responsibility, the Committee and the Non-employee Director Options Committee shall each
have complete authority to interpret all provisions of the Plan consistent with law, to determine the type and terms of awards consistent with the provisions of the Plan, to prescribe the form of instruments evidencing awards, to adopt, amend and
rescind general and special rules and regulations for its administration, and to make all other determinations necessary or advisable for its administration of the Plan. The determinations of each committee shall be final and conclusive. The
committees may act by resolution or in any other manner permitted by law. 
 3. Shares Available 

The aggregate of (a) the number of Company ordinary shares, nominal value of $.01 per share (“shares”) delivered by the Company in payment
and upon exercise of awards to employees and non-employee directors (plus any Eaton Corporation common stock that was issued in settlement of outstanding awards under the Eaton Plan prior to its assumption by the Company) and (b) the number of
shares subject to outstanding awards to employees and non-employee directors shall not exceed 5,000,000 at any one time, subject to adjustments as authorized herein. Shares related to awards that are forfeited, terminated, unexercised upon
expiration, settled in cash in lieu of shares or in such manner that all or some of the shares covered by an award are not issued, or exchanged for awards that do not involve shares, shall immediately become available for other awards. Shares
available for awards may consist, in whole or in part, of authorized and unissued shares or treasury shares. 

 The maximum aggregate number of shares or share units underlying options or related to other awards that may
be granted to any employee during any three consecutive calendar year period is 500,000. 
 Awards may be made under the Plan on or after
January 1, 1995, subject to approval of the Plan by shareholders at the 1995 annual meeting or until the termination of the Plan in accordance with the terms hereof if earlier. 
 4. Eligibility for Employee Awards 
 Any salaried employee (including officers) of the
Company or any of its subsidiaries occupying a professional or management position may be granted an award. The Committee (a) will designate employees to whom grants are to be made, (b) will specify the number of options, stock
appreciation rights, performance shares, restricted shares or other stock-based awards subject to each grant, and (c) subject to Section 5(C), will specify the price of the award. 
 5. Stock Options 
 (A) Employee Stock Options 

Grants. The Committee may grant to eligible employees (i) options which are intended to qualify as incentive stock options (“Incentive
Stock Options”) under the Internal Revenue Code, or (ii) options which are not intended to qualify as Incentive Stock Options. Each option will give the employee the right to purchase a designated number of the Company’s shares. The
aggregate fair market value (at the time of grant) of shares for Incentive Stock Options under all plans of the Company which become initially exercisable by an employee during any calendar year shall not exceed $100,000 (or such other amount as may
be provided by the Internal Revenue Code or regulations thereunder). 
 Exercise. Each option shall be exercisable on such date or dates,
during such period and for such number of shares, as shall be determined by the Committee as of the date of grant, although grants to employees subject to Section 16(b) of the Securities Exchange Act of 1934 (“16b”) shall not be
exercisable for at least six months after those options are granted. The Committee may, in its sole discretion, accelerate the times when an option may be exercised and the Management Compensation Committee (comprised of Company officers) may do
likewise for employees who are not subject to 16b. 
 (B) Non-employee Director Stock Options 

Grants. Subject to approval by shareholders at the 1995 annual meeting, each person serving as a non-employee director on January 24, 1995 and
who continues serving in that capacity after the annual meeting of shareholders on April 26, 1995, has been granted an option for 5,000 shares at an exercise price of $48.56. Each person who becomes a non-employee director after
January 24, 1995 automatically shall be granted an option for 5,000 shares upon the date of his or her election. Each non-employee director shall automatically be granted an option for 1,000 shares on each granting date that he or she continues
to serve in that capacity, beginning in the year after that director receives his or her initial grant. The granting date is the Tuesday immediately before the fourth Wednesday of each January. 

Term. The term of each option shall be ten years from the date of grant. 
 Exercise. An option shall be fully exercisable six months following the later of the date of grant or shareholder approval of the Plan. 
 (C) Price 
 Each employee and non-employee director option shall state the number of
shares to which it pertains and the option price. The option price shall be the fair market value of the shares subject to the option on the date of grant. The fair market value shall be the mean between the high and low prices as quoted on the New
York Stock Exchange. 

  
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 (D) Payment 
 The price at which shares may be purchased upon exercise of an employee or non-employee director option shall be paid in full at the time of exercise in cash, or, if permitted by the applicable committee,
by means of tendering shares or other consideration valued at fair market value on the date of exercise, or any combination thereof. The applicable committee shall determine acceptable methods of tendering shares or other consideration. 

6. Stock Appreciation Rights 
 The
Committee may grant stock appreciation rights to eligible employees in connection with any option granted under the Plan, or separate and apart from any option. 
 Stock appreciation rights granted in conjunction with an option entitle the holder of an option, upon exercise of the stock appreciation rights, to surrender the option, or any applicable portion thereof,
to the extent unexercised, and to receive a number of shares, or cash and shares, as the Committee may determine. The cash or number of shares that the holder shall be entitled to receive shall equal in aggregate fair market value the amount by
which the fair market value per share on the date of such exercise (as determined by the Committee in its sole discretion) shall exceed the option price per share of the related option, multiplied by the number of shares in respect of which the
stock appreciation rights have been exercised. Stock appreciation rights granted separate and apart from any option entitle the holder, upon exercise of such rights, to receive a payment measured by the increase in the fair market value of a number
of shares designated by such rights from the date of grant to the date of exercise. 
 The number of shares subject to a stock appreciation
right shall be counted against the individual limit on the maximum number of shares that may be awarded to any employee during any three consecutive calendar year period, and against the maximum number of shares which may be delivered under the
Plan. The number of shares subject to a stock appreciation right granted in conjunction with an option shall be deemed to be the number of shares subject to the option. The number of shares subject to a freestanding stock appreciation right shall be
the number of shares to which the right applies. 
 7. Performance Shares 
 The Committee may grant performance shares to any eligible employee for no cash consideration, if permitted by applicable law, or for such consideration as may be determined by the Committee and specified
in the grant. The Committee shall establish award periods and shall establish the number of performance shares to be earned if Company performance objectives are met. The performance objectives shall be stated in terms of cash flow return on gross
capital employed in the Company’s business (“CRC”). CRC equals the total of net income plus depreciation, goodwill amortization and after-tax net interest divided by the total of capital plus accumulated depreciation minus goodwill
and short-term investments. After performance shares have been awarded and performance objectives have been established, the Committee may not increase the number of performance shares that may be earned by any employee upon attainment of those
performance objectives within a performance period. The actual levels of CRC to be achieved, and the length of the performance period and other terms and conditions of the performance shares, shall be determined by the Committee. 

To the extent performance shares are forfeited or the grant of performance shares has expired or is surrendered, canceled or terminated, the shares
subject to the grant shall be available for future grants if within other plan limitations. 
 8. Other Awards 

The Committee may grant other share-based awards to any eligible employee for no cash consideration, if permitted by applicable law, or for such
consideration as may be determined by the Committee and specified in the grant. Such grants may include restricted shares. The Committee may specify such criteria 

  
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or periods for payment as it shall determine and the extent to which such criteria or periods have been met shall be conclusively determined by the Committee. Other share-based grants may be paid
in shares or other consideration related to shares, as specified by the grant, and shall have such terms and conditions as shall be determined by the Committee. 
 9. Assignability 
 Awards intended to be exempt from 16b are transferable only by will or
the laws of descent and distribution or to such greater extent as permitted by applicable 16b regulations. Such awards are exercisable during the grantee’s lifetime only by him or by his guardian or legal representative or by such others as
permitted by applicable 16b regulations. The appropriate committee shall have discretionary authority to grant awards not intended to be exempt from 16b which are transferable to members of an award holder’s immediate family, including trusts
for the benefit of such family members and partnerships in which such family members are the only partners. A transferred award may be exercised or transferred by the transferee only to the extent that the grantee would have been entitled had the
award not been transferred. Notwithstanding anything herein to the contrary, the exercise of incentive stock options shall be limited as required by the Internal Revenue Code and applicable regulations. 

10. Adjustments 
 In the event of any
alteration to the capital structure of the Company, whether by way of reorganization, merger, consolidation, reclassification, recapitalization, combination or exchange of shares, stock split, stock dividend, rights offering or similar event
affecting shares of the Company, the appropriate committee shall equitably adjust (a) the number and class of shares (i) reserved under he Plan, (ii) for which awards may be granted to an individual, and (iii) covered by
outstanding awards denominated in shares or share units, (b) the prices relating to outstanding awards, and (c) the appropriate fair market value and other price determinations for such awards; provided, that in no event shall the per
share exercise price of an option or subscription price of an award be reduced to an amount that is lower than the nominal value of a share. 

11. General Provisions 
 The Company
shall have the right to deduct from any cash payment made under the Plan any taxes required by law to be withheld. It shall be a condition to the obligation of the Company to deliver shares that the participant pay the Company such amount as it may
request for the purpose of satisfying any such tax liability. Any award under the Plan may provide that the participant may elect, in accordance with any applicable committee regulations, to pay the amount of such withholding taxes in shares.

 No person, estate or other entity shall have any of the rights of a shareholder with reference to shares subject to an award until a
certificate or certificates for the shares have been delivered to that person, estate or other entity. The Plan shall not confer upon any non-employee director or employee any right to continue in that capacity. The Plan and all determinations made
and actions taken pursuant hereto, to the extent not governed by the laws of the United States, shall be governed by the laws of Ohio. 

12. Amendment 
 The Board of
Directors of the Company may alter, amend or terminate the Plan from time to time, except that the Plan may not be amended without shareholder approval to (i) materially increase the aggregate number of shares which may be issued,
(ii) increase the maximum number of shares which may be granted to any employee, (iii) grant options or stock appreciation rights at a purchase price below fair market value on date of grant, or (iv) materially modify the requirements
as to eligibility for participation in the Plan. The provisions of the Plan pertaining to the awards to non-employee directors may not be amended more than once every six months, other than to comport with changes in the Internal Revenue Code, the
Employee Retirement Income Security Act, or the rules thereunder. 

  
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 13. Effective and Termination Dates 
 The Plan became effective as of January 1, 1995, when it was approved by shareholders holding a majority of the Company’s outstanding common shares entitled to vote at the 1995 annual meeting of
shareholders. 
 No awards shall be granted under the Plan after December 31, 2004. Awards granted before that date shall remain valid
thereafter in accordance with their terms. 
 14. Compliance 
 Notwithstanding any other provision of this Plan, (a) the Company shall not be obliged to issue any shares pursuant to an award unless at least the nominal value of each such newly issued share has
been fully paid in advance in accordance with applicable law (which requirement may mean the holder of an award is obliged to make such payment) and (b) the Company shall not be obliged to issue or deliver any shares in satisfaction of awards
until all legal and regulatory requirements associated with such issue or delivery have been complied with to the satisfaction of the Committee. 

  
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