Document:

WABCO Holdings Inc. Change of Control Severance Plan

 Exhibit 10.11 
 WABCO HOLDINGS INC. 
 CHANGE OF CONTROL SEVERANCE PLAN 
 Section I. Purpose 
 The purpose of the Plan is to
provide certain key employees of the Company and its subsidiaries with severance benefits should their employment terminate under the circumstances described herein.  
 Section II. Definitions 
 A. Act—means the Securities Exchange Act of 1934, as amended.

 B. Agreement and Release—means an agreement prepared by the Company under which a Participant, in return for benefits provided
under the Plan, agrees to release the Company and its Subsidiaries to the maximum extent permissible under applicable law from any and all claims which such Participant may have against such entities at the time the agreement is executed, and
further agrees to certain other undertakings, including cooperation with the Company in any matter which may give rise to legal claims against the Company, a one year non-solicitation agreement, keeping confidential proprietary information of the
Company as well as the terms of the Agreement and Release, settlement of any disputes concerning the Agreement and Release through binding arbitration, and such other undertakings as the Company may reasonably require from time to time, in each case
to the maximum extent permissible under applicable law. 
 C. Base Amount—means an amount equal to the Participant’s
Annualized Includable Compensation for the Base Period as defined in Section 280(G)(d)(1) and (2) of the Code. 
 D. Beneficial
Owner—means any “person”, as such term is used in Section 13(d) of the Act, who, directly or indirectly, has or shares the right to vote or dispose of such securities or otherwise has "beneficial ownership" of such securities
(within the meaning of Rule 13d-3 and Rule 13d-5 under the Act), including pursuant to any agreement, arrangement or understanding (whether or not in writing). 

 E. Board—means the Board of Directors of the Company. 
 F. Cause—means a Participant's (1) willful and continued failure substantially to perform his duties with the Company or any Subsidiary
(other than any such failure resulting from incapacity due to reasonably documented physical or mental illness), after a demand for substantial performance is delivered to such Participant by the Senior Vice President of Human Resources of the
Company (or, in the case of the Senior Vice President of Human Resources of the Company, by the Chief Executive Officer of the Company (the "CEO")) which specifically identifies the manner in which it is believed that such Participant has not
substantially performed his or her duties and such Participant is provided a period of thirty (30) days to cure such failure, (2) conviction of, or plea of nolo contendere to, a felony, or (3) the willful engaging by such Participant
in gross misconduct materially and demonstrably injurious to the Company or any Subsidiary or to the trustworthiness or effectiveness of the Participant in the performance of his duties. For purposes hereof, no act, or failure to act, on such
Participant's part shall be considered "willful" unless done, or omitted to be done, by the Participant not in good faith and without reasonable belief that his or her action or omission was in the best interest of the Company or a Subsidiary. Any
act, or failure to act, based upon authority given pursuant to a resolution duly adopted by the Board or based upon the advice of counsel for the Company shall be conclusively presumed to be done, or omitted to be done, by such Participant in good
faith and in the best interest of the Company or such Subsidiary. 
 G. "Change of Control" shall mean the occurrence of any of the
following events following the Distribution Date: 
 (i) any “person”, as such term is used in Section 13(d) of
the Act (other than the Company, any Subsidiary or any employee benefit plan maintained by the Company or any Subsidiary (or any trustee or other fiduciary thereof)) is or becomes the Beneficial Owner, directly or indirectly, of securities of the
Company representing 20% or more of the combined voting power of the Company's then-outstanding securities, provided, however, that an acquisition of securities of the Company representing less than 25% of the combined voting power shall not
constitute a Change of Control if, prior to meeting the 20% threshold, the members of the Board who are not employees of the Company or a Subsidiary unanimously adopt a resolution consenting to such acquisition by such Beneficial Owners; 

 

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 (ii) during any consecutive 24-month period, individuals who at the beginning of such
period constitute the Board, together with those individuals who first become directors during such period (other than by reason of an agreement with the Company or the Board in settlement of a proxy contest for the election of directors) and whose
election or nomination for election to the Board was approved by a vote of at least two-thirds of the directors then still in office who either were directors at the beginning of the period or whose election or nomination for election was previously
so approved, cease for any reason to constitute a majority of the Board; 
 (iii) the consummation of any merger,
consolidation, recapitalization or reorganization involving the Company, other than any such transaction immediately following which the persons who were the Beneficial Owners of the outstanding voting securities of the Company immediately prior to
such transaction are the Beneficial Owners of at least 55% of the total voting power represented by the voting securities of the entity surviving such transaction or the ultimate parent of such entity in substantially the same relative proportions
as their ownership of the Company’s voting securities immediately prior to such transaction; provided that, such continuity of ownership (and preservation of relative voting power) shall be deemed to be satisfied if the failure to meet such
threshold (or to preserve such relative voting power) is due solely to the acquisition of voting securities by an employee benefit plan of the Company, such surviving entity, any Subsidiary or any subsidiary of such surviving entity; 
 (iv) the sale of substantially all of the assets of the Company to any person other than any Subsidiary or any entity in which the
Beneficial Owners of the outstanding voting securities of the Company immediately prior to such sale are the Beneficial Owners of at least 55% of the total voting power represented by the voting securities of such entity or the ultimate parent of
such entity in substantially the same relative proportions as their ownership of the Company’s voting securities immediately prior to such transaction; or 
 (v) the shareholders of the Company approve a plan of complete liquidation or dissolution of the Company. 
  

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 H. Code—means the United States Internal Revenue Code of 1986, as amended. 
 I. Committee—means the Compensation, Governance and Nominating Committee of the Board (or such other committee of the Board that the Board
shall designate). 
 J. Common Stock—means the common stock of the Company, par value $0.01 per share. 
 K. Company—means WABCO Holdings Inc., a Delaware corporation, and any successor thereto. 
 L. Distribution Date – means the date upon which American Standard Companies distributes the Common Stock to its shareholders. 
 M. Effective Date—means the Distribution Date. 
 N. Good Reason—means, coincident with or subsequent to a Change of Control, the occurrence of any of the following: 
 1. a material diminution in a Participant’s duties, authority, responsibilities or status; 
 2. relocation of the Participant’s principal place of employment to a location more than 30 miles away from the Participant’s
prior principal place of employment; 
 3. a reduction by the Company or a Subsidiary in such Participant's base salary;

 4. the taking of any action by the Company or a Subsidiary (including the elimination of a plan without providing
substitutes therefor or the reduction of such Participant’s award thereunder) that would substantially diminish the aggregate projected value of such Participant's award opportunities under the Company's or such Subsidiary's incentive plans in
which he or she was participating at the time of the taking of such action; or 
 5. the taking of any action by the Company
or a Subsidiary that would substantially diminish the aggregate value of the benefits provided to the Participant under the Company's or such Subsidiary's medical, health, accident, disability, life insurance, thrift and retirement plans in which he
or she was participating at the time of the taking of such action (unless resulting from a general change in benefits applicable to all similarly situated employees of the Company and its affiliates). 
  

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 Notwithstanding the foregoing, the occurrence of any of the events described above will
not constitute Good Reason unless the Participant gives the Company written notice that such event constitutes Good Reason within 90 days of first having knowledge of such event and the Company fails to cure the event within 30 days after receipt of
such written notice. 
 O. Participant—means each employee of the Company or a Subsidiary who is either an officer of the Company
or in the executive grade. 
 P. Plan—means this WABCO Holdings Inc. Change of Control Severance Plan. 
 Q. Plan Administrator—means the Committee or any committee or individual designated by the Committee to perform some or all of its
administrative functions hereunder. 
 R. Subsidiary—means any corporation, partnership or limited liability company in which the
Company owns, directly or indirectly, 50% or more of the total combined voting power of all classes of stock of such corporation or of the capital interest or profits interest of such partnership. 
 Section III. Eligibility. 
 Each Participant shall be
eligible to receive the benefits provided under the Plan in the event of a Change of Control, if coincident therewith or within 24 months following thereafter (i) such Participant voluntarily terminates employment for Good Reason or
(ii) such Participant’s employment is involuntarily terminated by the Company or a Subsidiary other than pursuant to a termination for Cause. 
 Section IV. Severance Payments. 
 A Participant who satisfies the eligibility requirements of Section III hereof shall
receive severance payments equal to the following: 
 (A) an amount equal to the Applicable Multiplier times the Participant's annual base
salary in effect on the date the termination occurs; plus 
  

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 (B) subject to Section XI, an amount equal to the Applicable Multiplier times the amount of the
Participant's annual incentive plan target award in effect for the calendar year in which the termination occurs, determined without regard to whether the applicable targets are attained. 
 Notwithstanding the foregoing, payment of any severance hereunder shall be contingent upon the Participant’s execution of an Agreement and Release in a form
acceptable to the Company within 30 days of such Participant’s termination of employment. For purposes of this Section IV, the Applicable Multiplier shall be one (1), except with respect to the Company's Chief Executive Officer (the "CEO"),
whose Applicable Multiplier shall be two (2) and the Company's Chief Financial Officer (the "CFO") and Senior Vice President – Human Resources ("SVP-HR"), each of whose Applicable Multiplier shall be one and one half (1.5). 
 Section V. Payment of Benefits. All severance payments hereunder shall be paid in a single lump sum five (5) business days following the Participant’s
termination of employment, except that, if the Participant is a “key employee” within the meaning of Section 416(i) of the Code and the severance benefits payable to such Participant hereunder do not qualify as a short-term deferral
not subject to such Section 409A, such lump sum payment shall be made six months following the date of the Participant’s termination of employment. 
 Section VI. Continuation of Welfare Plan Coverage. A Participant who is eligible to receive severance benefits pursuant to Section III above will be entitled, subject to payment of any premiums or co-payments required of the
Participant for such coverage while an employee, to continue all life, accident and health coverage, on the same basis as in effect on the date he terminated employment, for a period of 12 months from the date of termination (twenty-four
(24) months for the CEO and eighteen (18) months for both the CFO and SVP-HR), provided that, (i) to the extent permitted by law, such coverage may be terminated at the discretion of the Plan Administrator in the event the Participant
obtains at least equal alternate coverage, and (ii) the coverage provided is subject to any limitations under the terms of any applicable contract with an insurance carrier or third party administrator. Nothing herein shall restrict the right
of the Company to amend or terminate any benefit plan in a manner generally applicable to similarly situated active employees of the Company and its affiliates, and Participants shall be entitled to participate on the same basis as similarly
situated active employees of the Company and its affiliates. Any continuation of benefits pursuant to this Section VI shall not run concurrent with 

  

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any continuation rights provided pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”), and for purposes of
applying COBRA with respect to coverage under any group health plan, the end of coverage under this Section VI shall be deemed to a qualifying event for the Participant. 
 Section VII. Outplacement Assistance; Financial Planning. The Company will provide and pay for outplacement services to each Participant eligible for the payment of benefits pursuant to Section III. Such
services are to be provided through a nationally recognized firm selected by the Company which specializes in outplacement services and shall extend for six months from the date of termination. In addition, the CEO, CFO and SVP-HR shall be entitled
to reimbursement of up to $5,000 of financial planning expenses, provided that such expenses are incurred by the Participant in the one year period following such termination and that the Participant submits a request for reimbursement not later
than 60 days following the end of such period, in which case the Company shall reimburse such expense no later than 30 days following submission of the reimbursement request. 
 Section VIII. Mitigation; Offset. A Participant shall not be required to mitigate the amount of any Payment under the Plan by seeking employment or otherwise, and there shall be no right of set-off or
counterclaim, in respect of any claim, debt or obligation, against any payments to the Participant. Notwithstanding the foregoing, a Participant shall promptly report any new employment obtained to the Company during the period for which benefits
are continued pursuant to Section VI. 
 Section IX. Certain Limitations on Payments. 
  

	A.	In the event a Participant’s employment is terminated pursuant to Section III of this Plan, and if in connection therewith it is determined that (i) part or all of the
compensation and benefits to be paid to the Participant (whether pursuant to the terms of this Plan or otherwise) constitute “parachute payments” under Section 280G of the Code, and (ii) the payment thereof will cause the
Participant to incur excise tax under Section 4999 of the Code (the "Excise Tax"), the following limitation shall apply: 

 If the aggregate present value of such parachute payments (the “Parachute Amount”) equals or exceeds 2.99 times the Participant’s Base Amount, then the amounts otherwise payable to or for the benefit of the Participant
pursuant to this Plan (or otherwise), and taken into account in calculating the Parachute Amount (the 

  

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“Capped Payments”), shall be reduced, as further described below, to the extent necessary so that the Parachute Amount is equal to 2.99 times the
Participant’s Base Amount; provided, however, that such reduction shall be applied only if the net amount of such Capped Payments (and after subtracting the net amount of federal, state and local income taxes on such Capped Payments) is greater
than or equal to the net amount of such parachute payments without such reduction (but after subtracting the net amount of federal, state and local income taxes on such parachute payments and the amount of Excise Tax to which the Participant would
be subject in respect of such unreduced parachute payments). 
  

	B.	The determination of the Parachute Amount, the Capped Payments and the Base Amount, as well as any other calculations necessary to implement this Section IX shall be made by the
Company’s outside auditors or by a nationally recognized accounting or benefits consulting firm appointed by the Company. The auditor’s or consultant’s fee shall be paid by the Company. 

  

	C.	If a determination of reduction to the level of Capped Payments is made pursuant to clause A of this Section IX, the Participant may propose which and how much of any particular
entitlement shall be eliminated or reduced, by advising the Company in writing of his or her proposal within ten days of the final determination of the reduction in Capped Payments. Upon the expiration of such ten-day period, the Company shall take
into consideration any proposal received and determine which and how much of any entitlement shall be eliminated or reduced, and shall notify the Participant promptly of such determination. As promptly as practicable following such determination the
Company shall pay to or distribute to or for the benefit of the Participant such amounts as are then due to the Participant and shall promptly pay to or distribute for the benefit of the Participant in the future such amounts as become due to the
Participant. 

  

	D.	 As a result of the uncertainty in the application of Section 280G of the Code at the time of a determination hereunder, it is possible that payments will be
made by the Company which should not have been made under clause A of this Section IX (“Overpayment”). In the event that there is a final determination by the Internal Revenue Service, or a final determination by a court of competent
jurisdiction, that an Overpayment has been made, any such Overpayment shall be treated for all purposes as a loan to the Participant which the Participant shall repay to the Company together with interest at the applicable Federal 

  

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rate provided for in Section 7872(f) (2) of the Code; provided, however, that no amount shall be payable by the Participant to the Company if and
to the extent such payment would not reduce the amount which is subject to taxation under Section 4999 of the Code. 

 Section X.
Reservation of Right to Amend and Terminate. The Company reserves the right, whether in an individual case or more generally, to amend, reduce or eliminate the Plan, in whole or in part, at any time and from time to time without notice, provided
that no amendment to this Plan shall be made for two years following the occurrence of a Change of Control if such amendment would reduce the benefits hereunder and no amendment that reduces benefits hereunder shall be effective if a Change of
Control occurs within six months following such amendment. 
 Section XI. Relationship to Other Benefits. No payment under the Plan shall be taken
into account in determining any payments, benefits, coverage levels or participation rates under any incentive compensation plan, any pension, retirement, profit sharing, group insurance, or other benefit plan of the Company; provided that,
the amount of the severance payments described in Section IV above shall be reduced to the extent of any severance or redundancy payment or benefit (i) sponsored by the Company or a Subsidiary (other than under the Plan) (ii) provided or
required by federal, state, local or foreign law or regulation, and/or (iii) owed the Participant pursuant to a contract with the Company or a Subsidiary, unless such contract specifically provides otherwise. It is the intention of this Plan
that there shall be no duplication of the severance benefits provided hereunder. 
 Section XII. Administration. The Plan Administrator shall have
full power and authority to interpret and carry out the terms of the Plan, and to exercise discretion where necessary or appropriate in the interpretation and administration of the Plan and all decisions by the Plan Administrator shall be final and
binding on all affected parties, except as otherwise provided herein or by law. The Plan is intended to be administered in a manner consistent with the requirements, where applicable, of Section 409A of the Code. Where reasonably possible and
practicable, the Plan shall be administered in a manner to avoid the imposition on Participants of immediate tax recognition and additional taxes pursuant to such Section 409A. Notwithstanding anything else contained herein to the contrary,
neither the Plan Administrator nor the Company shall be in breach of its obligations hereunder, nor liable for any interest or other payments, if the Company fails to make any payments hereunder on the stated date on which such payment is due.

  

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 Section XIII. Reimbursement of Legal Expenses. In the event it shall be necessary for a Participant to retain
legal counsel in connection with the enforcement of any or all of such Participant’s right to benefits payable under the Plan, and provided that the Participant substantially prevails in the enforcement of such rights, the Company shall
reimburse the Participant for reasonable attorneys fees incurred, which reimbursement shall be made not later than the date upon which the Participant obtains a final determination evidencing that the Participant has so prevailed. 
 Section XIV. Expenses. All expenses of administering the Plan shall be borne by the Company. 
 Section XV. Withholding. The Company may withhold from any amounts payable hereunder such Federal, state or local taxes as may be required to be withheld pursuant to any applicable law or regulation.

 Section XVI. Successors and Binding Effect. The Company shall require any successor, (including, without limitation, any persons acquiring directly
or indirectly all or substantially all of the business and/or assets of the Company whether by purchase, merger, consolidation, reorganization or otherwise, and such successor shall thereafter be deemed the Company for purposes of the Plan), to
assume and agree to perform the obligations under the Plan in the same manner and to the same extent the Company would be required to perform if no such succession had taken place. The Plan shall be binding upon and inure to the benefit of the
Company and any successor to the Company, but shall not otherwise be assignable, transferable or delegable by the Company. The rights under the Plan shall inure to the benefit of and be enforceable by each Participant’s personal or legal
representatives, executors, administrators, successors, heirs, distributees and/or legatees. Rights under the Plan are personal in nature and neither the Company nor any Participant shall, without the consent of the other, assign, transfer or
delegate the Plan or any rights or obligations hereunder except as expressly provided in this Section. Without limiting the generality of the foregoing, a Participant’s right to receive payments hereunder shall not be assignable, transferable
or delegable, whether by pledge, creation of a security interest or otherwise, other than by will or by the laws of descent and distribution, and, in the event of any attempted assignment or transfer contrary to this Section, the Company shall have
no liability to pay any amount so attempted to be assigned, transferred or delegated. If a Participant shall die while any amounts would be payable hereunder had the Executive continued to live, all such amounts, unless otherwise provided herein,
shall be paid to such person or persons appointed in writing by such Participant to receive such amounts or, if no person is so appointed, to the Participant’s estate. 
  

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 Section XVII. Severability. In the event that any provision of the Plan shall be determined to be invalid or
unenforceable for any reason, the remaining provisions and portions of the Plan shall be unaffected thereby and shall remain in full force and effect to the fullest extent permitted by law. 
 Section XVIII. Governing Law. This Plan and all rights and obligations hereunder shall be construed in accordance with and governed by the laws of the State of
Delaware, without reference to conflict of laws principles of such state. 
  

			
	 Ratified pursuant to duly authorized
 resolution by the Board of Directors of the Company
 on July 27, 2007

	
	WABCO Holdings Inc.
		
	By:	 	 
		 	

  

 11Employment Agreement with Jacques Esculier, dated July 27, 2007

 Exhibit 10.12 
 WABCO EXPATS INC 
 July 16, 2007 
 Mr. Jacques Esculier 
 WABCO Inc. 
 1 Centennial Avenue 
 Piscataway, New Jersey 08855 
 Dear Mr. Esculier: 
 This is to confirm the terms and conditions of your expatriate assignment pursuant to which you will serve as Chief
Executive Officer of WABCO Holdings Inc., commencing effective as of the date (the “Effective Date”) on which WABCO Holdings Inc (the “Company”) ceases to be a wholly owned subsidiary of American Standard Companies
Inc. (“Parent”) by reason of a distribution of its stock to the shareholders of Parent. During this assignment, you will be an employee of WABCO Expats Inc. (“WSW”) assigned to WABCO Europe BVBA. 
 LOCATION 
 You will be employed by WSW in Brussels, Belgium.
 
 SALARY COMPENSATION 
 Commencing
on the Effective Date, your compensation from WSW will include an annual base salary of $600,000. We will review your salary periodically, and it is subject to increase in accordance with our otherwise applicable salary administration practices.

 INCENTIVE COMPENSATION 
 You will also be
eligible to receive annual and long-term incentive opportunities during your period of service with WSW. The actual amount payable to you as an annual or long-term incentive will be dependent upon the achievement of performance objectives
established in accordance with the terms of such annual or long-term incentive plan. Accordingly, depending on such performance, the actual amount payable to you in respect of such 

 
opportunities (including any equity compensation awards provided in respect of your employment) may provide you with actual compensation that is less than,
greater than or equal to the target opportunities or other values specified below. Any incentive compensation award will be in such form or forms, and subject to such terms and conditions, as shall be determined by the committee responsible for the
administration of the applicable plan, policy or program. 
 No amounts payable or awards made in respect of incentive compensation, whether payable in cash
or stock, or in respect of the Founders grants described below, shall be deemed to be part of your basic compensation or otherwise treated as an entitlement under the provisions of any applicable law. Such amounts are discretionary awards,
contingent on performance criteria (including stock price) and are made solely as an inducement for you to assist in the achievement of the performance objectives related thereto. 
 CASH INCENTIVE OPPORTUNITIES 
 Your annual incentive opportunity under the Annual Incentive Plan, at target
performance levels, will be equal to two-thirds of your annual base salary. In addition, commencing with the awards made in respect of 2008, your annual award opportunity under the applicable long-term cash incentive plan, at target performance
levels, will be equal to your annual base salary. For 2007, your annual bonus will be equal to the sum of (i) the bonus amount payable hereunder in respect of your services from and after the Effective Date, using the base salary and
target opportunities applicable to you from and after the Effective Date, plus the amount that would have been payable to you under the programs of Parent and/or its affiliated companies for service from January 1, 2007 and prior to the
Effective Date, using the base salary and target opportunities applicable to you prior to the Effective Date. 
 FOUNDERS AND CEO GRANT

 On the Effective Date, you will be granted (i) a “founders” award having an aggregate value of $825,000, and
(ii) a special grant in recognition of your acceptance of the CEO position having an aggregate value of $1,400,000. Both of these special, one-time non-recurring awards shall be granted under the WABCO Omnibus Incentive Plan and shall be
subject to the terms and conditions of the WABCO Omnibus Incentive Plan (including with respect to vesting and/or the exercisability of each such award). One half of the value of each such award will be in the form of restricted stock units, which
represent the right to receive, subject to the terms and conditions of such award, a corresponding number of shares of WABCO’s Common Stock, and the other half will be in non-qualified stock options. The value of, and 

  

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the number of shares subject to, each such award shall be determined in a manner consistent with the generally applicable grant practices as applied by
Parent prior to the date hereof (that is, the value and size of each restricted stock unit grant will be determined based on the fair market value of a share of the WABCO common stock on the grant date (the “Grant Date Value”) and
of each stock option grant will be determined based on the Black-Scholes value of a stock option in respect of one share of the Common Stock, as determined based on the Grant Date Value of such Common Stock). 
 OTHER EQUITY COMPENSATION 
 In addition to these special
one-time non-recurring grants, commencing in 2008, you will be eligible to receive annual awards in respect of WABCO’s Common Stock in such form or forms, in such amounts and subject to such terms and conditions, as shall be determined by the
committee responsible for the administration of the WABCO Omnibus Incentive Plan. 
 SEVERANCE BENEFITS 
 In the event that your employment is terminated by us without Cause or by you for Good Reason (as each such term is defined in Appendix A), you will be entitled to
receive the following severance benefits, which are in lieu of and not in addition to any statutory severance benefits that may otherwise be payable to you. If the statutory severance benefits to which you would otherwise be entitled are greater
than the amounts described herein, you will receive the statutory severance benefits and no amounts shall be payable under this section. Otherwise, the statutory severance benefits payable to you will be treated as an offset against the amounts
payable under this section, so that you will be entitled under this provision solely to the excess of the amounts described herein over the amount of such statutory severance benefits, if any. In all events, the amounts payable as severance under
this section is subject to your executing a release of claims against WSW and its affiliated companies within 45 days of your termination of employment. 
 The gross severance benefits payable hereunder (prior to any offset for any statutory severance benefits payable) will include cash severance benefits in a single lump sum amount equal to twice the sum of (i) your then current
annual base salary and (ii) your target annual incentive opportunity. You will also receive continued medical and life insurance coverage for a period of 24 months following such termination of employment, subject to earlier cessation if
you receive comparable benefits from a future employer; and reimbursement for financial planning services up to a maximum amount of $5,000, so long as such request for reimbursement is submitted within one year of your termination of employment.

  

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 You will also participate in the WABCO Change of Control Severance Plan (the “COC Severance Plan”). If
your employment is terminated under circumstances which entitle you to receive the severance benefits under the COC Severance Plan, you will receive the severance benefits available thereunder in lieu of (and not it addition to) the severance
described above. 
 NONCOMPETITION 
 During your
employment and during the two-year period following the termination of your employment for any reason (the “Restricted Period”), you will not become associated with any entity, whether as a principal, partner, employee, consultant,
shareholder (other than as a holder of not in excess of 1% of the outstanding voting shares of any publicly-traded company) or otherwise, that is actively engaged in the commercial vehicle supplier industry. 
 NONSOLICITATION 
 During your employment and the Restricted
Period, you shall not (other than in the good faith performance of your duties for the Company) directly or indirectly induce any employee of the Company or any of its subsidiaries to terminate employment with such entity, and shall not directly or
indirectly, either individually or as owner, agent, employee, consultant or otherwise, employ or offer employment to any person who is or was employed by the Company or any of its subsidiaries unless such person shall have ceased to be employed by
such entity for a period of at least 6 months. 
 CONFIDENTIAL INFORMATION 
 Without the prior written consent of the Company, except to the extent required by an order of a court having competent jurisdiction or under subpoena from an appropriate government agency or in the ordinary course of
business in the good faith performance of your duties hereunder, you will not disclose any trade secrets, customer lists, drawings, designs, information regarding product development, marketing plans, sales plans, manufacturing plans, management
organization information, operating policies or manuals, business plans, financial records, packaging design or other financial, commercial, business or technical information relating to the Company or any of its subsidiaries or information
designated as confidential or proprietary that the Company or any of its subsidiaries may receive belonging to suppliers, customers or others who do business with the Company or any of its subsidiaries (collectively, “Confidential
Information”) to any third person unless such Confidential Information has been previously disclosed to the public by the Company or is otherwise in the public domain (other than by reason of your breach of this covenant). 
  

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 COMPANY PROPERTY 
 Promptly following your termination of employment, you shall return to the Company all property of the Company in your possession or under your control, including, but not limited to, all physical property (e.g., cars, credit cards,
computers, phones, or other business equipment), and all Company data and information, whether in written, electronic or other form (including all copies thereof)); provided that you shall be permitted to retain your rolodex and similar address
books, including those in electronic form. 
 GOODS AND SERVICES DIFFERENTIAL 
 When appropriate in terms of relative costs between residing in the United States and your then current location, WSW will pay a goods services differential to adjust your compensation to reflect such increased costs.
Any such adjustment would be based on average expenditures by income group and family size as established by an independent research service selected by WSW. Therefore, it would not reflect your personal spending preferences. The need for any such
adjustment will be reviewed from time to time and any adjustment payable may be increased or reduced to reflect significant changes in the relative costs used to determine such adjustment. 
 HOUSING ADJUSTMENT 
 WSW will pay on your behalf suitable
living accommodations, including utilities and maintenance, in Brussels. Your above stated compensation will be adjusted downward to reflect a U.S. equivalent value for housing, as determined from time to time under our generally applicable
administrative practices. Accordingly, the amount of any such reduction in your compensation may be modified, up or down, from time to time. 
 EDUCATION EXPENSE 
 WSW will also reimburse you for the reasonable costs of primary and secondary school education of your dependent
children in Brussels. Reimbursement under this provision shall be limited to tuition fees, books and necessary supplies, and local transportation. English language instruction is eligible for reimbursement. Education costs for college and
universities are not eligible for reimbursement hereunder. 
  

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 TRANSPORTATION 
 You will be provided with a suitable car in Brussels and will be reimbursed for normal operating and maintenance costs of such vehicle including insurance, registration and licensing. 
 INCOME TAX EQUALIZATION 
 WSW will pay your Belgian personal
income tax liability on income received from WSW during your assignment. WSW will appoint a qualified independent accounting or tax preparation firm to prepare and file your income tax returns in Belgium related to the period of your services under
this assignment. 
 In recognition of this obligation, the amount of your base salary, incentive payments (including with respect to any equity-based awards)
and any goods and services differential will be reduced by an income tax differential adjustment (that is, a hypothetical tax), based on the estimated U.S. income tax for which you would have been liable in respect of such payment. 
 EMPLOYEE BENEFITS 
 As an employee of WSW, you are eligible to
participate in the U.S. benefit plans and programs available to U.S. salaried employees of WABCO and its affiliated companies, including the WABCO 401 (k) plan and WABCO’s Supplemental Savings Plan. Under the current terms of the
Supplemental Savings Plan, you will be entitled to be credited with an employer contribution equal to 9% of your eligible compensation (base salary and annual incentive plan bonus). In lieu of participation in the WABCO’s U.S. medical, dental
and vision benefits, you will be covered by an approved private health insurance policy, of which you contribute 30% of the premium cost through after-tax payroll deduction. Other than as described in the preceding sentence, your participation in
WABCO’s benefit plans and programs will be in accordance with and subject to the terms and conditions of the applicable plan or program. 
 PERQUISITES; VACATION; CAR POLICY 
 You shall be entitled to up to five weeks’ paid vacation annually and shall also be entitled
to receive such perquisites as are generally provided to the Chief Executive Officer of WABCO in accordance with the then current policies and practices of WABCO, as they may be amended from time to time. You shall also be entitled to the use of a
company car as provided to senior executives under the Company Car Policy in effect in Belgium headquarters. 
  

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 ANNUAL HOME LEAVE 
 Once each year (except for the year of repatriation), you and your family will be provided with one round-trip business class airfare to your home country. This transportation allowance is granted only in respect to travel to and from your
home country and Belgium and cannot be accumulated from year to year. All vacation time is included in your annual leave, which is of five weeks’ duration. In addition, you will be reimbursed for home leave in the case of serious illness,
injury or death of an immediate family member. 
 MEDICAL EMERGENCY 
 In the event of illness or accident involving any of you, your spouse or your children for which adequate medical care is not available in Brussels, you will be reimbursed for the cost of air transportation to the
nearest city where adequate medical facilities are available. 
 REPATRIATION 
 If your employment is terminated by WSW other than for Cause or by you for Good Reason WSW will reimburse you for the reasonable cost of relocation to your home country in accordance with its otherwise applicable
relocation policy for executives being repatriated to their home countries following an international assignment. 
 ENTIRE AGREEMENT

 This Agreement constitutes the entire agreement between the parties hereto with respect to the matters referred to herein. There are no other
agreements relating to the terms of your employment by WSW, oral or otherwise. There are no promises, representations, inducements or statements between the parties other than those that are expressly contained herein. 
 GOVERNING LAW 
 As an employee of WABCO Expats Inc., you will
be subject to the personnel procedures and policies of WABCO Expats Inc. This assignment letter shall be governed by and interpreted and enforced in accordance with the laws of the State of New Jersey, without regard to its conflict of laws
provisions and subject to the jurisdiction of the U.S. federal courts in the State of New Jersey. 
  

 7 

 SEVERABILITY; REFORMATION. 
 In the event that one or more of the provisions of this Agreement shall become invalid, illegal or unenforceable in any respect, under Belgian law or otherwise, the validity, legality and enforceability of the
remaining provisions contained herein shall not be affected thereby. In the event any of Paragraphs 8 or 9 are not enforceable in accordance with their terms, Employee and Employer agree that such Paragraph shall be reformed to make such Paragraph
enforceable in a manner which provides the Employer the maximum rights permitted at law. 
  

							
		 		 	WABCO EXPATS INC.	 	
				
	 	 	 	 	 

	 	
				
	AGREED AND ACCEPTED:	 		 		 	
				
	 

	 		 		 	
	JACQUES ESCULIER	 		 	Dated: July 27, 2007	 	

  

 8 

 ATTACHMENT A 
 DEFINITIONS 
 Cause - means (i) your willful and continued
failure substantially to perform your duties (other than any such failure resulting from incapacity due to reasonably documented physical or mental illness), after a demand for substantial performance is delivered to you, which specifically
identifies the manner in which it is believed that you have not substantially performed your duties, (ii) conviction of, or plea of nolo contendere to, a felony, or (iii) the willful engaging by you in gross misconduct that is materially
and demonstrably injurious to WSW and/or its affiliated companies (the “Company Group”) or materially impairs your trustworthiness or effectiveness in the performance of your duties. For purposes hereof, no act, or failure to act,
on your part shall be considered “willful” unless done, or omitted to be done, by you not in good faith and without reasonable belief that your action or omission was in the best interest of WSW and its affiliated companies. Any act, or
failure to act, based upon authority given pursuant to a resolution duly adopted by the Board of Directors of WABCO or based upon the advice of counsel for WSW or any of its affiliated companies shall be conclusively presumed to be done, or omitted
to be done, by you in good faith and in the best interest of the Company Group. 
 Good Reason - means any of the following: 
 (i) a material diminution in your authority, duties, responsibilities status or position(s) as an executive of the Company Group; 
 (ii) a relocation of your principal offices by at least 30 miles from your initial location under this assignment (other than in connection with
repatriation); 
 (iii) a reduction by the Company Group in your base salary; 
 (iv) the taking of any action by the Company Group (including the elimination of a plan without providing substitutes therefor or the reduction of your
awards thereunder) that would substantially diminish the aggregate projected value of your awards under the Company Group’s applicable incentive plans in which you were participating at the time of the taking of such action; 
 (v) the taking of any action by the Company Group that would substantially diminish the aggregate value of the benefits provided you under the Company
Group’s applicable medical, health, accident, disability, life insurance, thrift and retirement plans in which you were participating at the time of the taking of such action; or 
 (vi) any purported termination by the Company Group of your employment that is not effected for Cause, provided that this shall not include any
termination of employment pursuant to the Company Group’s applicable mandatory retirement policy for executive officers. 
  

 9 

 Notwithstanding the foregoing, a termination for Good Reason shall not have occurred (a) with regard to the
occurrence of the events described in subsections (iii), (iv) and (v) above prior to a Change of Control, if such reductions or actions are proportionate to the reductions or actions applicable to similarly situated executive officers of
the Company Group pursuant to a cost savings plan or (b) unless you give the Company written notice that such event constitutes Good Reason within 90 days of first having knowledge of such event and the Company fails to cure the event within 30
days after receipt of such written notice. 
  

 10

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