Document:

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                                                                  Exhibit 10 (w)

                                Eaton Corporation
                        2006 Annual Report on Form 10-K
                                   Item 15 (b)

                                EATON CORPORATION

                      EXECUTIVE STRATEGIC INCENTIVE PLAN I

                 (Originally Effective as of January 1, 1991 and

            Amended and Restated as of June 21, 1994, July 25, 1995,

         April 21, 1998, April 1, 1999, January 1, 2001 and January 23,

                                      2007)

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                                EATON CORPORATION

                      EXECUTIVE STRATEGIC INCENTIVE PLAN I

1.    PURPOSE

      The purpose of the Executive Strategic Incentive Plan I (the "Plan") is to
      promote the growth and profitability of Eaton Corporation (the "Company")
      through the granting of incentives intended to motivate executives of the
      Company to achieve demanding long-term corporate objectives and to attract
      and retain executives of outstanding ability.

2.    ADMINISTRATION

      Except as otherwise expressly provided herein, the Plan shall be
      administered by the Compensation and Organization Committee (the
      "Committee") of the Company's Board of Directors (the "Board") which shall
      consist of at least three directors of the Company selected by the Board.

      Except as otherwise expressly provided herein, the Committee shall have
      complete authority to: (i) interpret all provisions of the Plan consistent
      with law; (ii) designate the executives to participate under the Plan;
      (iii) determine the incentive targets and performance objectives
      applicable to participants; (iv) adopt, amend and rescind general and
      special rules and regulations for the Plan's administration; and (v) make
      all other determinations necessary or advisable for the administration of
      the Plan.

3.    ELIGIBILITY

      Any executive of the Company designated by the Committee in its sole
      discretion shall be eligible to participate in the Plan.

4.    INCENTIVE TARGETS

      (A)   Establishment of Incentive Amounts and Conversion to Phantom Common
            Share Units

            Individual Incentive Amounts for each participant with respect to
            each Plan Award Period (as defined below) shall be determined by the
            Committee. With respect to Award Periods beginning on or after
            January 1, 1998, participant incentive targets will be expressed in
            the form of Phantom Common Share Units which will be determined by
            the Committee by: (a) first establishing

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            the Individual Incentive Amount in cash for each participant with
            respect to each Award Period and (b) then dividing such Individual
            Incentive Amount by the average of the mean prices for the Company's
            common shares for the first twenty(20) trading days of each Award
            Period. In all cases, the resulting Phantom Common Share Units shall
            be rounded up to the nearest 50 whole units. For purposes of the
            Plan, "mean price" shall be the mean of the highest and lowest
            selling prices for Company common shares quoted on the New York
            Stock Exchange List of Composite Transactions on the relevant
            trading day. Notwithstanding the foregoing provisions of this
            Section 4(A), the Committee may, in its sole discretion, use a
            different method for establishing incentive targets for participants
            under the Plan.

      (B)   Award Periods

            Each Award Period shall be the four-calendar year period commencing
            as of the first day of the calendar year in which the performance
            objectives are established for the Award Period as described in
            Section 4(C). A new Award Period shall commence as of the first day
            of each calendar year, unless otherwise specified by the Committee.

      (C)   Establishment of Company Performance Objectives

            As soon as practicable at the beginning of each Award Period,
            threshold, target, and maximum Company performance objectives for
            such Award Period shall be established by the Committee. For Award
            Periods commencing on or after January 1, 1998, unless otherwise
            determined by the Committee in its sole discretion, performance
            objectives will be established using a CFROGC/EPS Growth Performance
            Matrix which shall use the Company's average cash flow return on
            gross capital ("CFROGC") for such period along one axis and the
            Company's cumulative earnings per share ("EPS") for such period
            along the second axis. Within sixty (60) days after the performance
            objectives have been established by the Committee, each participant
            will be provided with written notice of his or her established
            objectives. In its sole discretion, the Committee may modify
            previously established performance objectives due to any change in
            conditions, the occurrence of any events or other factors which make
            such objectives unsuitable. Notwithstanding the foregoing, after a
            Change in Control (as hereinafter defined), neither the Committee
            nor the Board shall have the authority to modify performance
            objectives in any manner which could

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            prove detrimental to the interests of the Plan's participants.

     (D)   Determination of Payments

            For each Award Period, payments ranging from 50% to 200% of the
            Phantom Common Share Units credited under Section 4(A) will be
            determined by the Committee for the attainment of performance
            objectives between either threshold and target or target and
            maximum.

            For Award Periods beginning on or after January 1, 1998, Final
            Individual Phantom Common Share Unit Awards shall be determined by
            the Committee as promptly as practicable after the completion of the
            Award Period: (a) determining the CFROGC/EPS Growth Matrix
            Performance Percentage applicable for the Award Period (equal to (i)
            50% upon attainment of the threshold performance objective; (ii)
            100% upon attainment of the target performance objective; and (iii)
            200% upon attainment of the maximum performance; or the applicable
            percentage for performance between threshold and target or target
            and maximum); (b) multiplying such percentage by the number of
            Performance Share Units credited to the participant and (c) further
            multiplying the result by an Individual Performance Rating which
            will be a whole percentage between zero and 150% established by the
            Committee in its sole discretion after considering the
            recommendations of Company management.

            The Final Individual Phantom Common Share Unit Award shall be
            converted to cash at a market value of Company common shares as
            determined by the Committee based on the average of the mean prices
            for the Company's common shares for the final twenty (20) trading
            days of the Award Period), and distributed to the participate within
            ninety (90) days, unless the participant has made an irrevocable
            election to defer all or part of the amount of his or her award
            pursuant to any long term incentive compensation deferral plan
            adopted by the Committee or the Company.

            Notwithstanding any provision in this Section 4(D)to the contrary,
            the amount of the cash award with respect to the Chairman and Chief
            Executive Officer for the 2003-2006 Award Period Plan shall be
            limited to the amount of his award for the 2002-2005 Award Period.

      5.    PRORATA PAYMENTS

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            A participant must be employed by the Company or one of its
            subsidiaries at the end of an Award Period in order to be entitled
            to a payment in respect to such Award Period; provided, however,
            that a payment, prorated for the participant's length of service
            during the Award Period, may be authorized by the Committee, in its
            sole discretion, in the event the employment of a participant
            terminates before the end of an Award Period due to death, permanent
            disability, normal or early retirement, closure or divestiture of an
            Eaton facility or any other reason. Notwithstanding the foregoing,
            upon any termination of the Plan by the Committee during the term of
            any Award Period, payments to all participants will be made,
            prorated for each participant's length of service during the Award
            Period prior to the date of Plan termination.

      6.    OTHER PROVISIONS

                  (A)   Adjustments upon Certain Changes

                        In the event of changes to the structure or corporate
                        organization of the Company's businesses which affect
                        the participants and/or the performance prospects of the
                        Company, the Committee may make appropriate adjustments
                        to individual participant Incentive Targets or to the
                        established performance objectives for incomplete Award
                        Periods. Adjustments under this Section 6 shall be made
                        by the Committee, whose determination as to what
                        adjustments shall be made, and the extent thereof, shall
                        be final, binding and conclusive. Notwithstanding the
                        foregoing, after a Change in Control, neither the
                        Committee nor the Board shall have the authority to
                        change established Performance Objectives in any manner
                        which could prove detrimental to the interests of the
                        participant.

                  (B)   Change in Control Defined

                        For purposes of the Plan, a Change in Control shall be
                        deemed to have occurred if:

                      (i)     a tender offer shall be made and consummated for
                              the ownership of 25% or more of the outstanding
                              voting securities of the Company,

                      (ii)    the Company shall be merged or consolidated with
                              another corporation and as a result of such merger
                              or consolidation less than 75% of the outstanding
                              voting securities of the surviving or resulting
                              corporation shall be owned in the aggregate by the
                              former shareholders of the Company as the same

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                              shall have existed immediately prior to such
                              merger or consolidation,

                      (iii)   the Company shall sell substantially all of its
                              assets to another corporation which is not a
                              wholly-owned subsidiary of the Company,

                      (iv)    a "person" within the meaning of Section 3(a)(9)
                              or of Section 13(d)(3) of the Securities Exchange
                              Act of 1934 (as in effect on the effective date of
                              the Plan) shall acquire 25% or more of the
                              outstanding voting securities of the Company
                              (whether directly, indirectly, beneficially or of
                              record). For purposes of the Plan, ownership of
                              voting securities shall take into account and
                              shall include ownership as determined by applying
                              the provisions of Rule 13d-3(d)(1)(I) under the
                              Securities Exchange Act of 1934 (as in effect on
                              the effective date of the Plan), or

                      (v)     during any period of two consecutive years,
                              individuals who at the beginning of such period
                              constitute the Board cease for any reason to
                              constitute at least a majority thereof unless the
                              election, or nomination for election by the
                              Company's shareholders, of each new director was
                              approved by a vote of at least two-thirds of the
                              directors then still in office who were directors
                              at the beginning of the period.

                      (C) Non-Transferability

                          No right to payment under the Plan shall be subject to
                          debts, contract liabilities, engagements or torts of
                          the participant, nor to transfer, anticipation,
                          alienation, sale, assignment, pledge or encumbrance by
                          the participant except by will or the law of descent
                          and distribution or pursuant to a qualified domestic
                          relations order.

                      (D) Compliance with Law and Approval of Regulatory Bodies

                          No payment shall be made under the Plan except in
                          compliance with all applicable federal and state laws
                          and regulations including, without limitation,
                          compliance with tax requirements.

                      (E) No Right to Employment

                          Neither the adoption of the Plan nor its operation,
                          nor any document describing or referring to the Plan,
                          or any part thereof, shall confer upon any participant

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            under the Plan any right to continue in the employ of the Company or
            any subsidiary, or shall in any way affect the right and power of
            the Company or any subsidiary to terminate the employment of any
            participant under the Plan at any time with or without assigning a
            reason therefore, to the same extent as the Company might have done
            if the Plan had not been adopted.

      (F)   Interpretation of the Plan

            Headings are given to the sections of the Plan solely as a
            convenience to facilitate reference; such headings, numbering and
            paragraphing shall not in any case be deemed in any way material or
            relevant to the construction of the Plan or any provisions thereof.
            The use of the masculine gender shall also include within its
            meaning the feminine. The use of the singular shall also include
            within its meaning the plural and vice versa.

      (G)   Amendment and Termination

            The Committee may at any time suspend, amend or terminate the Plan.
            Notwithstanding the foregoing, upon the occurrence of a Change in
            Control, no amendment, suspension or termination of the Plan shall,
            without the consent of the participant, alter or impair any rights
            or obligations under the Plan with respect to such participant.

      (H)   Effective Dates of the Plan

            The Plan was adopted by the Board on April 24, 1991 but the
            effective date of the Plan shall be January 1, 1991. The Plan was
            amended and restated as of June 21, 1994, July 25, 1995, April 21,
            1998, April 1, 1999 and January 1, 2001 (which includes changes
            which affect Awards granted on or after January 1, 1998).

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<PAGE>

APPROVAL AND ADOPTION

The Eaton Corporation EXECUTIVE STRATEGIC INCENTIVE PLAN I, in the form attached
hereto, is hereby approved and adopted.

________________________________________
Name                                                    Date: _____________

________________________________________
Title

________________________________________
Name

________________________________________
Title

                                       8EX-10.37

 

Exhibit 10.37

FIRSTMERIT CORPORATION

2006 EQUITY PLAN

EMPLOYEE’S RESTRICTED STOCK AWARD AGREEMENT

RELATING TO RESTRICTED STOCK AWARD GRANTED

TO PAUL GREIG ON MAY 18, 2006

     This RESTRICTED STOCK AWARD AGREEMENT (“Agreement”) is made and entered into this
1st day of June, (the “Date of Award”), by and between FIRSTMERIT CORPORATION (the
“Company”), and PAUL GREIG (the “Grantee”).

     WITNESSETH, THAT:

     WHEREAS, the Company’s shareholders adopted and approved the FirstMerit Corporation 2006
Equity Plan (the “Plan”) in April, 2006; and

     WHEREAS, one of purposes of the Plan is to enable employees of the Company and Related
Entities to acquire a proprietary interest (or to increase an existing proprietary interest) in the
Company, and to provide employees with a more direct stake in the future and welfare of the Company
and Related Entities and to encourage them to remain employed with the Company or Related Entities.

     WHEREAS, the Grantee understands that this Agreement will be revoked retroactively (and will
be of no effect whatsoever), unless the acknowledgement appearing at the end of this Agreement is
signed and returned no later than 30 days after the Date of Award.

     WHEREAS, the Grantee acknowledges that Section 409A of the Internal Revenue Code (“Section
409A”) imposes substantial penalties on persons who receive some forms of deferred compensation (as
more fully described in the Plan’s Prospectus), that the Internal Revenue Service has not yet
issued final rules fully defining the effect of Section 409A, that, although this Agreement has
been designed to avoid those penalties, it may be necessary to revise this Agreement to avoid these
penalties and, as a condition of this Agreement, agrees to accept those revisions, without any
further consideration, even if those revisions change the terms of this Agreement in a way that
reduces the value or potential value of the Award.

     NOW, THEREFORE, the Company and the Grantee agree as follows:

     1. Grant. A restricted stock award (“Award”) of 58,000 shares (“Award Shares”) of the
Company’s common stock, no par value (“Stock”), is hereby granted by the Company to the Grantee
subject to the following terms and conditions and to the provisions of the Plan, the terms of which
are hereby incorporated by reference. Capitalized terms used but not expressly defined in this
Agreement will have the meanings given to them in the Plan.

     If, before restrictions imposed on the Award Shares lapse, there is a Stock dividend or Stock
split, recapitalization (including payment of an extraordinary dividend), merger, consolidation,
combination, spin-off, distribution of assets to shareholders, exchange of shares or other similar

 

 

corporate change affecting Stock, an appropriate adjustment will be made to the number of
Award Shares and other limitations applicable to the Award Shares.

     2. Transfer Restrictions. None of the Award Shares may be sold, assigned or transferred, in
whole or in part, voluntarily or involuntarily, by the Grantee, nor made subject to any lien,
directly or indirectly, by operation of law or otherwise, including execution, levy, garnishment,
attachment, pledge or bankruptcy. However, the Grantee may designate a beneficiary to receive any
Award Shares issuable after the Grantee’s death.

     3. Release of Restrictions

     A. The restrictions set forth in Section 2 above will lapse with respect to 58,000
Award Shares, on May 31, 2009.

     B. Also, all Award Shares will become fully exercisable on the date of any Change in
Control.

     4. Effect of Terminating Employment.

	 	A.	 	Retirement:
	 
	 	 	 	The Award Shares will be fully vested.
	 
	 	B.	 	Termination of the Grantee by the Company (or a Related Entity)
for Cause [as defined in the employment agreement between the Company and the
Grantee, dated May 15, 2006 (the “Employment Agreement”)] or voluntary
termination by the Grantee:
	 
	 	 	 	All unvested Award Shares will be forfeited.
	 
	 	C.	 	Termination of the Grantee by the Company (or a Related Entity)
without Cause or termination by the Grantee for Good Reason (as defined in the
Employment Agreement):
	 
	 	 	 	The Award Shares will be fully vested.
	 
	 	D.	 	Death or Disability:
	 
	 	 	 	The Award Shares will be fully vested.

     6. Taxes. When Award Shares vest, the Company will require the Grantee to pay to the Company
an amount equal to the income and employment taxes required to be withheld. This amount will be
deducted from other compensation payable to the Grantee by the Company or a Related Entity or, if
no compensation is then payable (or an insufficient amount of compensation is then due), a number
of Award Shares having a fair market value equal to the amount due will be withheld. The tax
effect of Award Shares is described in the Plan’s Prospectus.

     7. Rights as Shareholder. The Grantee will be entitled to all of the rights of a

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shareholder with respect to the Award Shares including the right to vote the Award Shares and
to receive dividends and other distributions payable with respect to the Award Shares since the
Award Date.

     8. Escrow of Share Certificates. For the purposes of securing the re-transfer of the Award
Shares into the name of the Company in the event of forfeiture, certificates for the Award Shares
will be issued in the Grantee’s name and will be held in escrow by, and subject to a security
interest in favor of, the Company until restrictions with respect to the Award Shares lapse or the
Award Shares are forfeited as provided in this Agreement; provided, however, that the terms of the
escrow will make allowance for the transactions contemplated by Section 3(B). A certificate or
certificates representing the Award Shares as to which restrictions have lapsed will be delivered
to the Grantee after those restrictions have lapsed.

     9. Beneficiary Designation: The Grantee may name a Beneficiary or Beneficiaries (who may be
named contingently or successively) to receive any Award Shares that are issuable at the Grantee’s
death. Unless otherwise provided in the Beneficiary designation, each designation made will revoke
all prior designations, must be made on a form prescribed by the Committee and will be effective
only when filed in writing with the Committee. If the Grantee has not made an effective
Beneficiary designation, the deceased Grantee’s Beneficiary will be the Grantee’s surviving spouse
or, if there is no surviving spouse, the deceased Grantee’s estate.

     10. Restrictive Covenants.

	 	A.	 	The Grantee acknowledges and agrees that as a condition to and
in consideration of the grant of this award, the Grantee will not engage in
solicitation of customers of, or interference with employees of, the Company or
any Related Entity (“Protected Party”), directly or indirectly, for a period of
time after the termination of employment with the Company and all Related
Entities, irrespective of who initiates the termination or the reason for the
termination. The Grantee acknowledges that the Grantee has received sufficient
consideration in exchange for these covenants not to compete or interfere.
	 
	 	B.	 	The Grantee covenants that if the Grantee’s employment is
terminated by either party for any reason whatsoever, the Grantee will not for
a period of twelve (12) months (“Restrictive Period”) thereafter:

	 	1.	 	Solicit, engage or otherwise interfere with any
customer or client who is at that time or was within the preceding
ninety (90) days a customer or client of the Protected Party for the
purposes of directly or indirectly furnishing any financial or banking
services that a national banking association, bank holding company,
state bank, savings and loan association or other regulated financial
institution is permitted by law to conduct or furnish on the date the
Grantee’s employment is terminated.

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	 	2.	 	Employ, solicit for employment, engage or
otherwise interfere with any person who is at that time or was within
the preceding ninety (90) days employed by the Protected Party, or
otherwise directly or indirectly induce or take any action which would
encourage or influence any such person to leave that person’s
employment or terminate, reduce or modify their business or
relationship with the Protected Party.

The restrictive covenants and Restrictive Period provided for herein will
not be construed to limit the application of any other restrictive covenant
or restriction period set forth in any other agreement entered into between
the Grantee and the Company or a Related Entity.

	 	C.	 	The Grantee acknowledges that the Grantee is entering into this
Agreement voluntarily and has given careful consideration to the restraints
imposed by this Agreement. Irrespective of the manner of any employment
termination, the restraints imposed by this Agreement will be operative during
their full time periods and throughout the restrictive areas set forth in this
Agreement. The Grantee further acknowledges that if the Grantee’s employment
with the Company and all Related Entities terminates for any reason the Grantee
can earn a livelihood without violating the foregoing restrictions and that the
Grantee’s ability to earn a livelihood without violating these restrictions is
a material employment condition. The Grantee acknowledges and recognizes that
if the Grantee’s employment terminates for any reason, this Section 10 and
Section 11 hereinbelow will survive any such termination and any expiration of
the term of this Agreement. Further, the Grantee agrees and consents that this
Agreement is assignable by the Company.
	 
	 	D.	 	The Grantee agrees that if a court of law finds that the
provisions of this Agreement are too harsh so that they are unenforceable, then
such court of law may enforce those restrictions and limitations which are
acceptable and deemed enforceable by the court.
	 
	 	E.	 	Further, in the event the Grantee breaches the terms of this
Agreement, it is agreed that all time periods contained in this Agreement will
be tolled until the Grantee ceases to breach this Agreement.

     11. Nondisclosure and Non-appropriation of Information.

	 	A.	 	The Grantee recognizes and acknowledges that while employed
by the Company and all Related Entities, the Grantee will have access to,
learn, be provided with and, in some cases, prepare and create, certain
confidential information, proprietary information or Trade Secrets of the
Protected Party, including, but not limited to, processes, financial
information, pricing information, operating techniques, marketing processes,
training techniques, customer, vendor, and referral source lists, price and
cost information, files
and forms, (hereinafter collectively referred to as the “Trade Secrets”),
all of 

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	 	 	 	which are of substantial value to the Protected Party and the
businesses conducted by it.
	 
	 	B.	 	The Grantee expressly covenants and agrees:

	 	1.	 	That the Grantee will hold in a fiduciary
capacity and will not reveal, communicate, use or cause to be used for
the Grantee’s own benefit or divulge during the period of employment by
the Company and all Related Entities and for an indefinite period
thereafter, any Trade Secrets, or other proprietary information or
Trade Secrets right now or hereafter owned by the Protected Party;
	 
	 	2.	 	That the Grantee will not sell, exchange or
give away, or otherwise dispose of any proprietary information or Trade
Secrets now or hereafter owned by the Protected Party, whether the same
will or may have been originated or discovered by the Protected Party,
the Grantee or otherwise;
	 
	 	3.	 	That the Grantee will not reveal, divulge or
make known to any person, firm, company or corporation any proprietary
information or Trade Secrets of the Protected Party;
	 
	 	4.	 	That the Grantee will return to the Company or
any other Protected Party, either before or immediately (within 24
hours) upon the Grantee’s termination of employment with the Company
and all Related Entities, any and all written information, material or
equipment that constitutes, contains or relates in any way to
proprietary information, Trade Secrets and any other documents,
equipment, and material of any kind relating in any way to the business
of the Protected Party, which are in the Grantee’s possession, custody
and control and which are or may be property of Protected Party,
whether confidential or not, including any and all copies thereof which
may have been made by or for the Grantee and that the Grantee will
maintain no copies thereof after termination of this Agreement;
	 
	 	5.	 	The obligations of this paragraph will survive
the termination of employment and any expiration of the term of this
Agreement.

     12. Injunction. The parties acknowledge and agree, due to the subject matter of this
Agreement, that money damages will be an inadequate remedy for a breach by the Grantee of any of
the obligations hereunder. Consequently, if the Grantee breaches or threatens to breach any of the
obligations under this Agreement, the Grantee agrees that the Protected Party will have the right,
in addition to any other rights or remedies available to it at law or in equity, to obtain
equitable relief, including, without limitation, injunctive relief and specific performance, in the
event of any breach or threatened breach. Further, the parties hereto agree and declare that it may
be impossible to measure
in monetary terms the damages that may accrue to any Protected Party by reason of the

5

 

Grantee’s violation of this Agreement. Therefore, in the event that a Protected Party, or any
successor in interest thereto, will institute an action or proceeding to enforce the provisions of
this Agreement, each party or other person against whom such action or proceeding is brought will
and hereby does, in advance, waive the claim or defense that there is adequate remedy at law. In
the event such injunctive relief is warranted and obtained by the Protected Party, the Grantee
agrees to pay all costs of that action, including reasonable attorney fees.

     13. Severability: If any one or more of the provisions contained in this Agreement is
conclusively determined to be invalid, illegal or unenforceable in any respect under applicable
law, the validity, legality and enforceability of the remaining provisions of this Agreement will
not, in any way, be ineffective or impaired thereby.

     14. Governing Law: This Agreement is made and entered into in the state of Ohio, and will in
all respects be interpreted, enforced and governed under the laws of that state notwithstanding its
conflict of laws rules. In the event of any dispute or controversy arising under or in connection
with this Agreement, the parties consent to the jurisdiction of the Common Pleas Court of the State
of Ohio (Summit County) or The United States District Court for the Northern District of Ohio,
Eastern Division.

     15. Other Agreements: The Award Shares and this Agreement will be subject to the terms of any
other written agreements between the Grantee and the Company and any Related Entity to the extent
that those other agreements do not directly conflict with the terms of the Plan or this Agreement.

     16. Other Rules: The Award Shares and this Agreement are subject to more rules described in
the Plan and in the Plan’s Prospectus.

     17. Assignment: This Agreement will be binding upon the Company and the Grantee, their
respective heirs, personal representatives, executors, administrators, and successors; provided,
however, that no assignment or transfer of this Agreement by the Grantee including assignment or
transfer by operation of law, will be valid without the Company’s prior written consent. However,
the Company may freely assign or transfer this Agreement without the Grantee’s consent.

     18. Acknowledgement: This Agreement (and the Award Shares) will be revoked automatically
unless the Grantee signs the acknowledgement appearing at the end of this Agreement and returns a
copy of the signed Agreement to the Committee no later than 30 days after the date of this
Agreement.

     19. Listing, Registration, Qualification: If the Board concludes that the listing,
registration or qualification upon any securities exchange, under any state or federal law, or the
approval or consent of any governmental body is necessary or desirable as a condition to the
issuance of the Award Shares, the Award Shares may not be issued in whole or in part unless and
until that listing, registration, qualification or approval has been obtained, free of any
conditions which are not acceptable to the Board and the sale and delivery of stock under this
Agreement is also subject to the same requirements and conditions.

	 	 	IN WITNESS
WHEROF, the Company has caused the Award to be granted pursuant to this 

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	 	 	Award
Agreement on the date first above written.

	 	 	 	 	 
	 	FIRSTMERIT CORPORATION

 	 
	 	By:  	/s/ Christopher J. Maurer
 	 
	 	 	Christopher J. Maurer, 	 
	 	 	Executive Vice President, Human Resources 	 
	 

By signing below, the Grantee acknowledges and agrees that:

	 	•	 	A copy of the Plan is available to the Grantee;
	 
	 	•	 	The Grantee has received a copy of the Plan’s Prospectus;
	 
	 	•	 	The Grantee understands and accepts the conditions placed on the Award Shares and
understands what must be done to earn the Award Shares;
	 
	 	•	 	The Grantee will consent (in the Grantee’s own behalf and in behalf of the Grantee’s
beneficiaries and without any further consideration) to any change to the restrictions
imposed on the Award Shares or to this Agreement to avoid paying penalties under
Section 409A of the Internal Revenue Code, even if those changes reduce the value of
the Award Shares’ value or potential value; and
	 
	 	•	 	If the Grantee does not return a signed copy of this Agreement to the address shown
below not later than 30 days after the date of this Agreement, the Award Shares will be
forfeited and the Grantee will not be entitled to receive anything on account of these
cancelled Award Shares.

Compensation Department

CAS 82

	 	 	 	 	 
	 	GRANTEE

 	 
	 	By:  	/s/ Paul G. Greig
 	 
	 	 	 	 
	 	Print Name:                        Paul G. Greig 	 
	 

ANY FEDERAL TAX ADVICE CONTAINED IN THE FOREGOING IS NOT INTENDED OR WRITTEN BY THE PREPARER
OF SUCH ADVICE TO BE USED, AND IT CANNOT BE USED BY THE RECIPIENT, FOR THE PURPOSE OF AVOIDING
PENALTIES THAT MAY BE IMPOSED ON THE RECIPIENT. THIS DISCLOSURE IS INTENDED TO SATISFY U.S.
TREASURY DEPARTMENT REGULATIONS.

7

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