Document:

EX-10.5

 Exhibit 10.5 
  

 
  
  

 
 AMETEK, INC. 

2004 EXECUTIVE DEATH BENEFIT PLAN 
  

 
 Amended and Restated
Effective January 1, 2017 
  
  

 

 TABLE OF CONTENTS 
  

							
	 Article 1. Purpose and Effective Date
	  	 	1	  
			
	         1.01.
	  	 Purpose
	  	 	1	  
	         1.02.
	  	 Effective Date
	  	 	1	  
		
	 Article 2. Definitions and Construction
	  	 	2	  
			
	         2.01.
	  	 Definitions
	  	 	2	  
	         2.02.
	  	 Construction
	  	 	5	  
		
	 Article 3. Eligibility and Participation
	  	 	6	  
			
	         3.01.
	  	 Eligibility and Participation
	  	 	6	  
	         3.02.
	  	 Change in Employment Status
	  	 	6	  
		
	 Article 4. Retirement Benefit
	  	 	7	  
			
	         4.01.
	  	 Nature of Benefit
	  	 	7	  
	         4.02.
	  	 Accounts
	  	 	7	  
	         4.03.
	  	 Timing of Credits; Withholding
	  	 	9	  
	         4.04.
	  	 Vesting of Accounts
	  	 	9	  
	         4.05.
	  	 Statement of Accounts
	  	 	9	  
		
	 Article 5. Death Benefit
	  	 	10	  
			
	         5.01.
	  	 Nature of Benefit
	  	 	10	  
	         5.02.
	  	 Benefit Amounts
	  	 	10	  
	         5.03.
	  	 Vesting of Death Benefit
	  	 	10	  
	         5.04.
	  	 Forfeiture
	  	 	10	  
		
	 Article 6. Payment of Plan Benefits
	  	 	12	  
			
	         6.01.
	  	 Timing of Benefit Payments
	  	 	12	  
	         6.02.
	  	 Form of Payment
	  	 	13	  
	         6.03.
	  	 Administrative Acceleration or Delay of Payment
	  	 	13	  
	         6.04.
	  	 Withholding
	  	 	14	  
	         6.05.
	  	 Payment to Guardian
	  	 	14	  
	         6.06.
	  	 Effect of Payment
	  	 	14	  
		
	 Article 7. Beneficiary Designation
	  	 	15	  
			
	         7.01.
	  	 Beneficiary Designation
	  	 	15	  
	         7.02.
	  	 Changing Beneficiary
	  	 	15	  
	         7.03.
	  	 No Beneficiary Designation
	  	 	15	  
		
	 Article 8. Administration
	  	 	16	  
			
	         8.01.
	  	 Committee; Duties
	  	 	16	  

  

			
	 AMETEK, Inc., 2004 Executive Death Benefit Plan (Restated January 1, 2017)	  	Table of Contents  

							
	         8.02.
	  	 Agents
	  	 	16	  
	         8.03.
	  	 Binding Effect of Decisions
	  	 	16	  
	         8.04.
	  	 Indemnity of Committee
	  	 	16	  
	         8.05.
	  	 Election of Committee After Change in Control
	  	 	16	  
		
	 Article 9. Claims Procedure
	  	 	17	  
			
	         9.01.
	  	 Claim
	  	 	17	  
	         9.02.
	  	 Denial of Claim
	  	 	17	  
	         9.03.
	  	 Review of Claim
	  	 	17	  
	         9.04.
	  	 Final Decision
	  	 	17	  
	         9.05.
	  	 Claims for Disability Benefits
	  	 	18	  
		
	 Article 10. Amendment and Termination of Plan
	  	 	19	  
			
	         10.01.
	  	 Amendment
	  	 	19	  
	         10.02.
	  	 Company’s Right to Terminate
	  	 	19	  
		
	 Article 11. Miscellaneous
	  	 	20	  
			
	         11.01.
	  	 Hypothetical Accounts
	  	 	20	  
	         11.02.
	  	 Company Obligation
	  	 	20	  
	         11.03.
	  	 Trust Fund
	  	 	20	  
	         11.04.
	  	 Nonassignability
	  	 	20	  
	         11.05.
	  	 Not a Contract of Employment
	  	 	21	  
	         11.06.
	  	 Protective Provisions
	  	 	21	  
	         11.07.
	  	 Governing Law
	  	 	21	  
	         11.08.
	  	 Severability
	  	 	21	  
	         11.09.
	  	 Headings
	  	 	21	  
	         11.10.
	  	 Notice
	  	 	21	  
	         11.11.
	  	 Successors
	  	 	22	  

  

			
	 AMETEK, Inc., 2004 Executive Death Benefit Plan (Restated January 1, 2017)	  	Table of Contents  

 ARTICLE 1.  PURPOSE AND EFFECTIVE DATE 

 

	1.01.	Purpose. 

 This AMETEK, Inc., 2004 Executive Death Benefit Plan (the “Plan”) is intended
to provide an additional benefit to a select group of management and highly compensated employees of AMETEK, Inc., and certain of its subsidiaries, either in the form of a Retirement Benefit (as set forth in Article 4) or in the form of a Death
Benefit (as set forth in Article 5), but not both. If a Participant retires from the Company after attaining early or normal retirement eligibility, he will receive a Retirement Benefit equal to the value of an Account maintained for the Participant
under the Plan. In contrast, if a Participant dies while actively employed by the Company and otherwise eligible to participate in the Plan (or after suffering a disability but before attaining eligibility for normal retirement), his
Beneficiary(ies) will receive a Death Benefit in the form of fixed monthly installment payments until the month during which the Participant would have attained age 80. 

The Retirement Benefit and the Death Benefit are mutually exclusive: no Death Benefit will be paid on behalf of a Participant who receives a Retirement
Benefit, and no Retirement Benefit will be paid on behalf of a Participant if a Death Benefit is paid on that Participant’s behalf. A Participant who Separates from Service (not on account of his death or Disability) before attaining early or
normal retirement eligibility will not receive any benefit under the Plan and no Plan benefit will be paid on his behalf, unless the Participant is involuntarily terminated within two years following a Change in Control of the Company. 

 

	1.02.	Effective Date. 

 The Plan is effective as of January 1, 2004, although this amendment and
restatement is effective January 1, 2017. Because no benefits under the Plan were vested as of December 31, 2004, no benefits under the Plan are treated as grandfathered for purposes of section 409A of the Code. 

  

			
	 AMETEK, Inc., 2004 Executive Death Benefit Plan (Restated January 1, 2017)	  	Page 1  

 ARTICLE 2.  DEFINITIONS AND CONSTRUCTION 

 

	2.01.	Definitions. 

 For the purpose of this Plan, the following terms shall have the meanings set forth
below, unless the context clearly indicates otherwise: 
  

	 	(a)	Account.  “Account” means the hypothetical account maintained on the books of the Company, used solely to calculate the Retirement Benefit payable to each Participant under this
Plan, as set forth in Section 4.02. 

  

	 	(b)	Article.  “Article” means an article of the Plan. 

  

	 	(c)	Beneficiary.  “Beneficiary” means the person, persons or entity as designated by the Participant, entitled under Article 7 to receive any Plan benefits payable after the
Participant’s death. 

  

	 	(d)	Board.  “Board” means the Board of Directors of AMETEK, Inc. 

  

	 	(e)	Change in Control.  A “Change in Control” shall occur if: 

  

	 	(1)	Any one Person or more than one Person acting as a group (as defined in section 1.409A-3(i)(5)(v)(B) of the Treasury Regulations) acquires ownership of stock of the Company
that, together with the stock held by such Person or group of Persons, constitutes more than 50 percent of the total fair market value or total voting power of the stock of the Company. However, if such Person or group of Persons is considered
to own more than 50 percent of the total fair market value or total voting power of the stock of the Company before this transfer of the Company’s stock, the acquisition of additional stock by the same Person or group of Persons shall not
be considered to cause a Change in Control of the Company; or 

  

	 	(2)	Any one Person or more than one Person acting as a group (as defined in section 1.409A-3(i)(5)(v)(B) of the Treasury Regulations) acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such Person or group of Persons) ownership of stock of the Company possessing 30 percent or more of the total voting power of the stock of
the Company. However, if such Person or group of Persons is considered to own 30 percent or more of the total voting power of the stock of the Company before this acquisition, the acquisition of additional control or stock of the Company by the
same Person or group of Persons shall not cause a Change in Control of the Company; or 

  

			
	 AMETEK, Inc., 2004 Executive Death Benefit Plan (Restated January 1, 2017)	  	Page 2  

	 	(3)	A majority of members of the Company’s Board is replaced during any 12-month period by directors whose appointment or election is not endorsed by a majority of the members of
the Company’s Board before the date of the appointment or election; or 

  

	 	(4)	Any one Person or more than one Person acting as a group (as defined in section 1.409A-3(i)(5)(v)(B) of the Treasury Regulations) acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such Person or group of Persons) assets from the Company that have a total gross fair market value equal to substantially all but in no event less
than 40 percent of the total fair market value of all assets of the Company immediately prior to such acquisition or acquisitions. For this purpose, gross fair market value means the value of the assets of the Company, or the value of the
assets being disposed of, determined without regard to any liabilities associated with such assets. A transfer of assets by the Company will not result in a Change in Control under this Section 2.01(e)(4), if the assets are transferred to:

  

	 	(A)	A shareholder of the Company (immediately before the asset transfer) in exchange for or with respect to its stock; 

  

	 	(B)	An entity, 50 percent or more of the total value or voting power of which is owned, directly or indirectly, by the Company immediately after the transfer of assets; 

 

	 	(C)	A Person or more than one Person acting as a group (as defined in section 1.409A-3(i)(5)(v)(B) of the Treasury Regulations) that owns, directly or indirectly, 50 percent
or more of the total value or voting power of all the outstanding stock of the Company; or 

  

	 	(D)	An entity, at least 50 percent of the total value or voting power of which is owned directly or indirectly, by a person of group of persons described in Section 2.01(e)(4)(C), above. 

For purposes of this Section 2.01(e), no acquisition, either directly or indirectly, by the Participant, his affiliates and associates, the Company,
any subsidiary of the Company, any employee benefit plan of the Company or of any subsidiary of the Company, or any person or entity organized, appointed or established by the Company for or pursuant to the terms of any such employee benefit plan
shall constitute a Change in Control. 
 For purposes of this Section 2.01(e), the following terms shall have the meanings set forth below: 

 

	 	(1)	“Company” shall mean AMETEK, Inc., except that, if a Participant is employed by a majority-controlled subsidiary of the Company, for purposes of Sections 2.01(e)(1), 2.01(e)(2), and 2.01(e)(4),
“Company” shall mean such subsidiary. 

  

			
	 AMETEK, Inc., 2004 Executive Death Benefit Plan (Restated January 1, 2017)	  	Page 3  

	 	(2)	“Person” shall mean any individual or individuals other than the Participant, his affiliates and associates, the Company, any subsidiary of the Company, any employee benefit plan of the Company or of any
subsidiary of the Company, or any person or entity organized, appointed or established by the Company for or pursuant to the terms of any such employee benefit plan. 

 

	 	(f)	Code.  “Code” means the Internal Revenue Code of 1986, as amended. 

  

	 	(g)	Committee.  “Committee” means the Committee appointed by the Board (or its delegee) to administer the Plan pursuant to Article 8. 

 

	 	(h)	Company.  “Company” means AMETEK, Inc., a Delaware corporation, and any directly or indirectly affiliated subsidiary corporations, any other affiliate designated by the Board, or
any successor to the business of any such entity. 

  

	 	(i)	Death Benefit.  “Death Benefit” means the benefit paid on behalf of a Participant in accordance with Article 5. 

 

	 	(j)	Determination Date.  “Determination Date” means the last business day of each Plan Year. 

  

	 	(k)	Disability.  “Disability” means a medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period
of not less than twelve (12) months that (1) renders a Participant unable to engage in any substantial gainful activity or (2) results in a Participant receiving income replacement benefits for a period of not less than three
(3) months under an accident and health plan covering employees of the Company. The Committee shall determine the existence of Disability, in its sole discretion, and may rely on advice from a medical examiner satisfactory to the Committee in
making the determination. A Participant will also be considered disabled if he has been determined to be totally disabled by the Social Security Administration. The term “Disability” is intended to comply with section 409A(a)(2)(C) of the
Code and shall be interpreted to permit a Participant to take a distribution in any circumstance that would be permitted under section 409A(a)(2)(C) of the Code. 

 

	 	(l)	Early Retirement.  “Early Retirement” means the Separation from Service with the Company by the Participant after attaining age fifty-five (55) with at least five
(5) Years of Service and before attaining age sixty-five (65). 

  

	 	(m)	ERISA.  “ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 

 

	 	(n)	 Life Insurance Policies.  “Life Insurance Policies” means the life insurance
policies maintained by the Company for the purpose of measuring the Retirement Benefits, if any, payable under this Plan. Such Life Insurance Policies shall be owned by and payable to the Company; the Participants shall have no rights or interest in
the Policies or any benefits from the Policies, even if a Policy is payable 

  

			
	 AMETEK, Inc., 2004 Executive Death Benefit Plan (Restated January 1, 2017)	  	Page 4  

	 	
upon the death of the Participant. The Life Insurance Policies shall be used solely as method to measure the Retirement Benefits, if any, payable under this Plan, and the Participants shall have
no greater interest in any benefit under this Plan than that of an unsecured creditor of the Company. 

  

	 	(o)	Limited Participant.  “Limited Participant” means a Participant whose benefits under the Plan are limited pursuant to Section 3.02 after the Committee determines that
the Participant’s employment position is no longer at a level that warrants full participation in the Plan. 

  

	 	(p)	Normal Retirement.  “Normal Retirement” means the Separation from Service with the Company of the Participant on or after attaining age sixty-five (65), or as otherwise
determined by the Board in its sole discretion. 

  

	 	(q)	Participant.  “Participant” means any employee who is eligible and has become a participant pursuant to Section 3.01. Such employee shall remain a Participant in this Plan
until such time as all benefits payable under this Plan have been paid in accordance with the provisions hereof. 

  

	 	(r)	Plan.  “Plan” means this AMETEK, Inc., 2004 Executive Death Benefit Plan, as it may be amended from time to time. 

 

	 	(s)	Plan Year.  “Plan Year” means the calendar year. 

  

	 	(t)	Retirement Benefit.  “Retirement Benefit” means the account-based benefit payable to a Participant at Early Retirement or Normal Retirement, as described in Article 4.

  

	 	(u)	Section.  “Section” means a section of the Plan. 

  

	 	(v)	Separation from Service.  “Separation from Service” or “Separates from Service” means separation from service from the Company within the meaning of section 409A of the
Code. 

  

	 	(w)	Year of Service.  “Year of Service” means the 12-month period following the date that the Participant first performs an hour of
service for the Company and each consecutive 12-month period following the anniversary of that date that is completed before the Participant Separates from Service. 

 

	2.02.	Construction. 

 For purposes of the Plan, unless the contrary is clearly indicated by the context,

  

	 	(a)	the use of the masculine gender shall also include within its meaning the feminine and vice versa, 

  

	 	(b)	the use of the singular shall also include within its meaning the plural and vice versa, and 

  

	 	(c)	the word “include” shall mean to include without limitation. 

  

			
	 AMETEK, Inc., 2004 Executive Death Benefit Plan (Restated January 1, 2017)	  	Page 5  

 ARTICLE 3.  ELIGIBILITY AND PARTICIPATION 

 

	3.01.	Eligibility and Participation. 

 Eligibility to participate in the Plan shall be limited to that
select group of management and/or highly compensated employees of the Company whom the Committee designated as eligible to participate in the Plan as of January 1, 2004. Eligibility and participation shall be frozen to new participants after
that date. 
  

	3.02.	Change in Employment Status. 

 If the Committee determines that a Participant’s position is
no longer at a level that warrants reward through participation in this Plan, but does not terminate the Participant’s employment with Company, the Participant shall become a Limited Participant whose benefits under this Plan shall be limited
to the Account balance as of the date so specified by the Committee, which shall be adjusted each subsequent year that the Participant remains an active employee of the Company (and does not again become employed in a position that warrants full
participation in the Plan) by the lesser of (a) the amount of the Annual Allocation that the Participant would have received had he remained in his former position or (b) the interest that the Participant would have received had he
terminated his employment. 
 If the Committee determines that a Participant’s position has risen to a level that warrants additional reward
under the Plan, the Committee may, in its sole discretion, adjust the Participant’s benefits under this Plan pursuant to Section 4.02(a)(1) by increasing the Participant’s Percentage Allocation for that Plan Year and any subsequent year.

 If the Committee, in its sole discretion, determines that the Participant no longer qualifies as a member of a select group of management or highly
compensated employees, as determined in accordance with ERISA, the Committee may, in its sole discretion, take such action as it deems necessary to preserve the status of the Plan as a “top hat” plan under ERISA. 

  

			
	 AMETEK, Inc., 2004 Executive Death Benefit Plan (Restated January 1, 2017)	  	Page 6  

 ARTICLE 4.  RETIREMENT BENEFIT 

 

	4.01.	Nature of Benefit. 

 A Participant’s Retirement Benefit under the Plan shall be equal to the
value of an Account that shall be maintained for his benefit on the Company’s records. A Participant’s Account shall be only hypothetical in nature, and nothing in this Plan shall be construed to grant any rights or interests in any asset
of the Company, including the Life Insurance Policies, to any Participant. The Life Insurance Policies (even if payable on the death of the Participant) are used solely as a method to measure the Annual Allocations to be added to Participants’
accounts. The Participants shall at all times remain general, unsecured creditors of the Company with respect to the benefits payable under this Plan. 

The Retirement Benefit under the Plan is mutually exclusive with the Death Benefit under the Plan (which is described in Article 5). No Retirement
Benefit shall be paid to or on behalf of any Participant if a Death Benefit has been or will be paid on behalf of such Participant. 
  

	4.02.	Accounts. 

 The Company shall maintain a hypothetical account on behalf of each Participant in the
Plan. The opening balance in each Participant’s Account shall be zero dollars, and the balance in each Participant’s Account shall increase or decrease each year as follows— 

 

	 	(a)	Annual Allocations.  Each Participant shall receive an Annual Allocation on each Determination Date on which the Participant is either (1) actively employed by the Company and otherwise
eligible to participate in the Plan, (2) an inactive employee of the Company by reason of a Disability and not yet eligible for Normal Retirement, or (3) a former employee who terminated service with the Company under the Early or Normal
Retirement provisions and has not yet had payments commence under this Plan. As provided in Section 3.02, if the Participant is actively employed by the company as a Limited Participant, the Participant shall receive an Annual Allocation only
if the amount of the Annual Allocation is less than the amount of interest he could receive pursuant to Section 4.02(b). 

 The amount
of the Annual Allocation for each Participant entitled to receive an Annual Allocation shall be the product of the Participant’s Percentage Allocation and the Aggregate Policy Gain for the Plan Year that ends on the applicable Determination
Date. For this purpose— 
  

	 	(1)	A Participant’s “Percentage Allocation” means the percentage identified for such Participant in a separate writing at the time he commences participation in the Plan. Once a Participant’s Percentage
Allocation is established, it shall not be changed unless the Participant is notified in writing that his Percentage Allocation is being changed because— 

  

	 	(A)	the Participant’s employment responsibilities have changed such that an adjustment of the Participant’s Percentage Allocation is warranted to reflect the Participant’s new level of responsibilities; or

  

			
	 AMETEK, Inc., 2004 Executive Death Benefit Plan (Restated January 1, 2017)	  	Page 7  

	 	(B)	the number of Participants in the Plan or the Life Insurance Policies have changed or are about to change in such a manner that it is necessary to modify the Participant’s Percentage Allocation in order to maintain
his level of benefits. 

 If an individual ceases to be eligible to receive an Annual Addition (by reason of Separation from Service,
death, or otherwise), his Percentage Allocation for all years after he ceases to be eligible to receive an Annual Addition shall revert to the Company and shall not be reallocated among some or all of the remaining Plan Participants unless
the Committee determinates that a reallocation is appropriate. 
  

	 	(2)	The “Aggregate Policy Gain” for any given Plan Year means the sum of— 

  

	 	(A)	the annual gains or losses on all of the Life Insurance Policies determined as of the most recent policy anniversary date of each of the Life Insurance Policies in accordance with FASB Technical Bulletin 85-4, and 

  

	 	(B)	any death benefits received by the Company from the Life Insurance Policies during the Plan Year, which are in excess of the sum of (1) and (2), minus (3) where: 

 

	 	(1)	equals the greater of the premiums paid or the cash value of the Life Insurance Policy related to the deceased Participant as of the most recent Determination Date; 

 

	 	(2)	equals the present value of the benefits to be received under this Plan by the deceased Participant’s beneficiaries, as determined by the Committee in its sole discretion; and, 

 

	 	(3)	equals the Account balance of the deceased Participant as of the most recent Determination Date. 

 (By
way of example: if the anniversary date of a Life Insurance Policy is December 28th, the gain/loss on the policy will be determined as of each December 27th; the amount of that gain/loss shall be added to the gain/loss of all other listed policies
to determine the Aggregate Policy Gain on December 31st, the end of the Plan Year. Such amount will then be used to determine the Annual Allocation as of December 31st. If, in that same year, a death benefit of $500,000 has been paid to the Company
as a result of the death of an insured Participant, the cash value on that Participant’s policy as of the most recent Determination Date was $100,000, the Participant’s Account balance at that time was $50,000, and the Committee determines
that, under the terms of this Plan, the beneficiaries of that Participant are entitled to a benefit of $300,000 on a present value basis, then $150,000 shall be included in the Aggregate Policy Gain.) 

 

	 	(b)	 Interest.  Each Participant shall receive interest on each Determination Date on

  

			
	 AMETEK, Inc., 2004 Executive Death Benefit Plan (Restated January 1, 2017)	  	Page 8  

	 	
which he does not receive an Annual Allocation. The amount of interest for each such Participant shall be the product of the Participant’s Account balance on the applicable Determination
Date and the interest rate in effect under section 417(e) of the Code on such Determination Date. 

  

	 	(c)	Distributions.  Each Account shall be reduced by the amount of each benefit payment made from that Account since the prior Determination Date. 

 

	4.03.	Timing of Credits; Withholding. 

 Any Annual Allocations, interest, and distributions shall be
credited to (or debited from) the appropriate Account at the time and as provided by the Committee. Any withholding of taxes or other amounts that is, in the discretion of the Committee, required by local, state or federal law shall be withheld from
amounts otherwise payable to the Participant to the maximum extent possible, and any remaining amount shall reduce the amount credited to the Participant’s Account in a manner specified by the Committee. 

 

	4.04.	Vesting of Accounts. 

 Each Participant shall become 100% vested in his Account upon the earliest
to occur of the following— 
  

	 	(a)	Separation from Service with the Company pursuant to either an Early Retirement or a Normal Retirement; 

  

	 	(b)	dying while actively employed by the Company as a Limited Participant; or 

  

	 	(c)	incurring an involuntary Separation from Service from the Company for any reason within the two-year period immediately following a Change in Control. 

A Participant whose employment terminates for any reason before he has become 100% vested in his Account in accordance with this Section 4.04
(including the Participant’s death while actively employed by the Company (as other than a Limited Participant) or while disabled and not yet eligible for Normal Retirement) shall forfeit his entire interest in his Account. If a Participant
dies while actively employed by the Company, he shall receive a Death Benefit pursuant to Article 5, except that a Participant who dies while actively employed by the Company as a Limited Participant shall receive a Retirement Benefit pursuant to
Section 3.02 and not a Death Benefit. 
  

	4.05.	Statement of Accounts. 

 The Committee shall give to each Participant a statement showing the
balance in the Participant’s Account on an annual basis. 

  

			
	 AMETEK, Inc., 2004 Executive Death Benefit Plan (Restated January 1, 2017)	  	Page 9  

 ARTICLE 5.  DEATH BENEFIT 

 

	5.01.	Nature of Benefit. 

 A Participant’s Death Benefit under the Plan shall be a series of equal
monthly installment payments that are payable if the Participant dies (a) while actively employed by the Company if the Participant is not a Limited Participant at the time of his death or (b) before reaching eligibility for Normal
Retirement if the Participant has a Disability. A Participant’s right to a Death Benefit shall not be construed to grant any rights or interests in any asset of the Company, including the Life Insurance Policies, to any Participant. The Life
Insurance Policies (even if payable on the Participant’s death) are used solely as a method to measure the Annual Allocations to be added to Participants’ Accounts for purposes of valuing their Retirement Benefits and have no relationship
with the Death Benefit provided under the Plan. The Participants shall at all times remain general, unsecured creditors of the Company with respect to the benefits payable under this Plan. 

The Death Benefit under the Plan is mutually exclusive with the Retirement Benefit under the Plan (as described in Article 4). No Death Benefit shall be
paid on behalf of any Participant if a Retirement Benefit has been or will be paid to or on behalf of such Participant. 
  

	5.02.	Benefit Amounts. 

 The Death Benefit payable upon the death of a Participant shall be a monthly
benefit equal to either-- 
  

	 	(a)	four thousand, one hundred sixty-six dollars and sixty-seven cents ($4,166.67) per month, or 

 

	 	(b)	eight thousand, three hundred thirty-three dollars and thirty-three cents ($8,333.33) per month, 

in each case, beginning in the month after the month during which the Participant dies and ending in the month during which the Participant would have
attained age eighty (80). The amount of a Participant’s Death Benefit shall be identified for the Participant in a separate writing at the time he commences participation in the Plan. Once the amount of a Participant’s Death Benefit is
established, it shall not be changed unless the Participant is notified in writing. 
  

	5.03.	Vesting of Death Benefit. 

 Each Participant shall become 100% vested in his Death Benefit upon
his death (a) while actively employed by the Company if the Participant is not a Limited Participant at the time of his death or (b) before reaching eligibility for Normal Retirement if the Participant has a Disability. 

 

	5.04.	Forfeiture. 

  

	 	(a)	 Any portion of a Participant’s Death Benefit that does not vest in accordance with

  

			
	 AMETEK, Inc., 2004 Executive Death Benefit Plan (Restated January 1, 2017)	  	Page 10  

	 	
Section 5.03 shall be forfeited on the date the Participant Separates from Service or dies, whichever occurs earlier, except that a Participant who has a Disability shall not forfeit his
Death Benefit before Normal Retirement. 

  

	 	(b)	The Participant’s entire Death Benefit shall be forfeited if a Retirement Benefit becomes payable to or on the behalf of the Participant in accordance with Article 4. 

  

			
	 AMETEK, Inc., 2004 Executive Death Benefit Plan (Restated January 1, 2017)	  	Page 11  

 ARTICLE 6.  PAYMENT OF PLAN BENEFITS 

 

	6.01.	Timing of Benefit Payments. 

  

	 	(a)	Retirement Benefit. 

  

	 	(1)	Retirement.  A Participant who Separates from Service with the Company pursuant to an Early Retirement or Normal Retirement shall receive his distribution on the first day of the month coincident with
or next following the later of (A) the date that the Participant attains age sixty-five (65) or (B) the first date that is more than six (6) months after the date of the Participant’s Separation from Service, provided that if the
Participant dies after Separation from Service on or after attaining age 65 and before the date that is six (6) months after the date of the Participant’s Separation from Service, the Retirement Benefit shall be paid on the first day of
the month coincident with or next following the date of the Participant’s death. The Participant may request a later distribution in accordance with Section 6.02(a). If a Participant requests a later distribution, Annual Allocations shall be
credited to his Account in accordance with Section 4.02(a) until he begins to receive his distribution, and then interest shall be credited to his Account in accordance with Section 4.02(b) until his Account is fully distributed. 

 

	 	(2)	Disability.  A Participant who has suffered a Disability before his eligibility for Normal Retirement shall receive the Retirement Benefit on the first day of the month coincident with or next following
the date that the Participant attains age sixty-five (65). The Participant may request a later distribution in accordance with Section 6.02(a). If a Participant requests a later distribution, interest shall be credited to his Account in accordance
with Section 4.02(b) until his Account is fully distributed. 

  

	 	(3)	Change in Control.  A Participant whose employment is involuntarily terminated for any reason within two (2) years following a Change in Control shall receive his distribution on the first day of
the month coincident with or next following the date that is six (6) months after the date of his Separation from Service, provided that if the Participant dies after Separation from Service and before the date that is six (6) months after
the date of the Participant’s Separation from Service, the Retirement Benefit shall be paid on the first day of the month coincident or next following the date of the Participant’s death. 

 

	 	(4)	Death of a Limited Participant.  The Beneficiaries of a Participant who is actively employed as a Limited Participant on the date of his death shall receive the Limited Participant’s Account
balance in the form of a lump sum on the first day of the month coincident with or next following the date of the Limited Participant’s death. 

  

			
	 AMETEK, Inc., 2004 Executive Death Benefit Plan (Restated January 1, 2017)	  	Page 12  

	 	(b)	Death Benefit. 

 The Death Benefit payable on behalf of a Participant shall be paid monthly
beginning on the first day of the month coincident with or next following the date on which the Participant dies. 
  

	6.02.	Form of Payment. 

  

	 	(a)	Retirement Benefit. 

 The Retirement Benefit payable to any Participant shall be paid in a lump
sum unless the Participant elects to receive his Retirement Benefit in annual installments or in the form of a lump sum on a date later than the date provided under Section 6.01(a)(1) or Section 6.01(a)(2) and such election— 

 

	 	(1)	is not effective until at least twelve (12) months after the date on which the election is made, 

  

	 	(2)	defers the first payment with respect to which such election is made for a period of not less than five (5) years from the date such payment would otherwise have been made, 

 

	 	(3)	is not made less than twelve (12) months before the date of the first scheduled payment, 

  

	 	(4)	does not result in the Participant’s Retirement Benefit commencing after the later of (A) the Participant’s Separation from Service or (B) the Participant’s attaining age 70; and

  

	 	(5)	does not result in any part of a Participant’s Retirement Benefit being paid after the earlier of (A) the fifteenth (15th) year after the Participant’s Separation from Service or (B) the
Participant’s attaining age 85. 

 If the Participant dies after his retirement under this Plan, the Company shall pay to the
Participant’s Beneficiaries the remaining unpaid Account balance at the same time and in the same manner as if the Participant had survived. 
  

	 	(b)	Death Benefit. 

 The Death Benefit payable on behalf of any Participant shall be paid in equal
monthly installments that begin as provided in Section 6.01(b) and end in the month in which the Participant would have attained age 80. 
  

	6.03.	Administrative Acceleration or Delay of Payment. 

 A payment is treated as being made on the date
that it is due under the Plan if the payment is made (a) no earlier than thirty (30) days before the due date specified by the Plan or (b) on a date later than the due date specified by the Plan that is either (1) in the same
Plan Year (for a payment whose specified due date is on or before September 30) or (2) by the fifteenth 

  

			
	 AMETEK, Inc., 2004 Executive Death Benefit Plan (Restated January 1, 2017)	  	Page 13  

 
(15th) day of the third calendar month following the date specified by the Plan (for a payment whose specified due date is on or after October 1). 

 

	6.04.	Withholding. 

 The Company shall withhold from any payment made pursuant to this Plan any taxes
the Company reasonably believes are required to be withheld from such payments under local, state, or federal law. 
  

	6.05.	Payment to Guardian. 

 If a Plan benefit is payable to a minor or a person declared incompetent or
to a person incapable of handling the disposition of the property, the Committee may direct payment to the guardian, legal representative or person having the care and custody of such minor, incompetent or person. The Committee may require proof of
incompetency, minority, incapacity or guardianship as it may deem appropriate prior to distribution. Such distribution shall completely discharge the Committee and Company from all liability with respect to such benefit.  

 

	6.06.	Effect of Payment. 

 The full payment of the applicable benefit under this Article 6 shall
completely discharge all obligations on the part of the Company to the Participant (and the Participant’s Beneficiary) with respect to the operation of this Plan, and the Participant’s (and Participant’s Beneficiary’s) rights
under this Plan shall terminate. 

  

			
	 AMETEK, Inc., 2004 Executive Death Benefit Plan (Restated January 1, 2017)	  	Page 14  

 ARTICLE 7.  BENEFICIARY DESIGNATION 

 

	7.01.	Beneficiary Designation. 

 Each Participant shall have the right, at any time prior to complete
distribution of the Participant’s vested Account, to designate one (1) or more persons or entity as Beneficiary (both primary as well as secondary) to whom benefits under this Plan shall be paid in the event of the Participant’s
death. Each Beneficiary designation shall be in a written form prescribed by the Committee and shall be effective only if filed with the Committee during the Participant’s lifetime. 

 

	7.02.	Changing Beneficiary. 

 Any Beneficiary designation may be changed without the consent of the
previously named Beneficiary by the filing of a new Beneficiary designation with the Committee during the Participant’s lifetime. 
  

	7.03.	No Beneficiary Designation. 

 If any Participant fails to designate a Beneficiary in the manner
provided above, if the designation is void, or if the Beneficiary designated by a deceased Participant dies before the Participant or before complete distribution of the Participant’s benefits, the Participant’s Beneficiary shall be the
person in the first of the following classes in which there is a survivor: 
  

	 	(a)	the Participant’s surviving spouse; 

  

	 	(b)	the Participant’s children in equal shares, except that if any of the children predeceases the Participant but leaves surviving issue, then such issue shall take by right of representation the share the
deceased child would have taken if living; or 

  

	 	(c)	the Participant’s estate. 

  

			
	 AMETEK, Inc., 2004 Executive Death Benefit Plan (Restated January 1, 2017)	  	Page 15  

 ARTICLE 8.  ADMINISTRATION 

 

	8.01.	Committee; Duties. 

 This Plan shall be administered by the Committee, which shall consist of not
less than three (3) persons, who may also be Participants in this Plan, and are named as the initial Committee in this Plan or as subsequently appointed by the Board or its delegee, except in the event of a Change in Control as provided in
Section 8.05 below. The Committee shall have the full discretionary authority to (a) make, amend, interpret and enforce all appropriate rules and regulations for the administration of the Plan and decide or resolve any and all questions,
including interpretations of the Plan, as they may arise in such administration, and (b) establish and maintain an investment policy for the Life Insurance Policies, select appropriate investment options to implement the investment policy,
monitor the performance of such investment options, and change the selection of investment options from time to time in a manner consistent with the objectives of the investment policy. A Committee member who is also a Participant in this Plan shall
be prohibited from voting on any matter which may, in the opinion of the balance of the Committee, directly affect the Committee member’s rights or benefits under this Plan. A majority vote of the Committee members permitted to vote shall
control any decision. 
  

	8.02.	Agents. 

 The Committee may, from time to time, employ agents and delegate to them such
administrative duties as it sees fit, and may from time to time consult with counsel who may be counsel to the Company. 
  

	8.03.	Binding Effect of Decisions. 

 The decision or action of the Committee with respect to any
question arising out of or in connection with the administration, interpretation and application of the Plan and the rules and regulations promulgated hereunder shall be final, conclusive and binding upon all persons having any interest in the Plan.

  

	8.04.	Indemnity of Committee. 

 The Company shall indemnify and hold harmless the members of the
Committee against any and all claims, loss, damage, expense (including counsel fees) or liability (including any amounts paid in settlement of any claim or any other matter with the consent of the Board) arising from any action or failure to act
with respect to this Plan on account of such member’s service on the Committee, except in the case of gross negligence or willful misconduct. 
  

	8.05.	Election of Committee After Change in Control. 

 After a Change in Control, vacancies on the
Committee shall be filled by majority vote of the remaining Committee members and Committee members may be removed only by such a vote. If no Committee members remain, a new Committee shall be elected by majority vote of the Participants in the Plan
immediately preceding such Change in Control. No amendment shall be made to Article 8 or other Plan provisions regarding Committee authority with respect to the Plan without prior approval by the Committee. 

  

			
	 AMETEK, Inc., 2004 Executive Death Benefit Plan (Restated January 1, 2017)	  	Page 16  

 ARTICLE 9.  CLAIMS PROCEDURE 

 

	9.01.	Claim. 

 Any person or entity claiming a benefit under the Plan (hereinafter referred to as
“Claimant”) shall present the request in writing to the Corporate Human Resources Department, which shall respond in writing as soon as practical, but not later than ninety (90) days after receipt of the claim, unless the Corporate
Human Resources Department notifies the Claimant that special circumstances require an additional period of time (not to exceed 90 days) to review the claim properly. 
  

	9.02.	Denial of Claim. 

 If the claim or request is denied, the written notice of denial shall state:

  

	 	(a)	the reasons for denial, with specific reference to the Plan provisions on which the denial is based; 

  

	 	(b)	a description of any additional material or information required and an explanation of why it is necessary; and 

  

	 	(c)	an explanation of the Plan’s claim review procedure, including a statement of the Claimant’s right to bring a civil action under section 502(a) of ERISA if the claim is denied (in whole or in part) on
appeal. 

  

	9.03.	Review of Claim. 

 Any Claimant whose claim or request is denied or who has not received a
response within the time limits set forth above may request a review by notice given in writing to the Committee. Such request must be made within sixty (60) days after receipt by the Claimant of the written notice of denial, or, in the event
Claimant has not received a timely response, within 60 days after the date the Corporate Human Resources Department was required to respond to the claim under Section 9.01. The claim or request shall be reviewed by the Committee which may, but
shall not be required to, grant the Claimant a hearing. On review, the claimant may have representation, examine pertinent documents, and submit issues and comments in writing. 

 

	9.04.	Final Decision. 

 The decision on review shall normally be made within sixty (60) days after
the Committee’s receipt of claimant’s claim or request. If an extension of time is required for a hearing or other special circumstances, the Claimant shall be notified and the time limit shall be one hundred twenty (120) days. The
decision shall be in writing and shall state the reasons and the relevant Plan provisions. All decisions on review shall be final and bind all parties concerned. 

  

			
	 AMETEK, Inc., 2004 Executive Death Benefit Plan (Restated January 1, 2017)	  	Page 17  

	9.05.	Claims for Disability Benefits. 

 To the extent required by law, the Committee shall develop
alternative claims procedures that shall apply with respect to claims for Disability benefits. 

  

			
	 AMETEK, Inc., 2004 Executive Death Benefit Plan (Restated January 1, 2017)	  	Page 18  

 ARTICLE 10.  AMENDMENT AND TERMINATION OF PLAN 

 

	10.01.	Amendment. 

 The Committee may at any time amend the Plan by written instrument executed by all
Committee members, notice of which shall be given to all Participants and to any Beneficiary receiving installment payments, subject to the following: 
  

	 	(a)	Preservation of Account Balance.  No amendment shall reduce the amount accrued in any Account as of the date such notice of the amendment is given. 

 

	 	(b)	Changes in Interest Rate.  No amendment shall retroactively reduce the rate of interest which had been credited to a Participant’s Account. 

 

	 	(c)	Change in Control.  Notwithstanding the foregoing, the Plan may not be amended in any material respect, except as is provided below in Section 10.02, during the two (2) year
period following a Change in Control. 

  

	10.02.	Company’s Right to Terminate. 

  

	 	(a)	Termination.  The Committee may at any time partially or completely terminate the Plan. Any such termination must be made by written instrument executed by the Committee and
approved by the Board. In the event of complete termination, the Plan shall cease to operate and the Company shall have the right to accelerate payments of any vested Retirement Benefit or Death Benefit to the appropriate Participant or Beneficiary
pursuant to Section 10.02(b). 

  

	 	(b)	Effect of Termination.  Upon the complete termination of the Plan by the Committee and termination of all arrangements sponsored by the Company that would be aggregated with the
Plan under section 409A of the Code, the Company shall have the right, in its sole discretion, and notwithstanding any elections made by the Participant, to pay the Participant’s Retirement Benefit or Death Benefit in the form of a lump sum, to
the extent permitted under section 409A of the Code. All payments that may be made pursuant to this Section 10.02(b), shall be made no earlier than the thirteenth (13th) month and no later than the twenty-fourth (24th) month after the termination of
the Plan. If the Company exercises its discretion to accelerate payments under this Section 10.02(b), it shall not adopt any new arrangement that would have been aggregated with the Plan under section 409A of the Code within three (3) years
following the date of the Plan’s termination. 

  

			
	 AMETEK, Inc., 2004 Executive Death Benefit Plan (Restated January 1, 2017)	  	Page 19  

 ARTICLE 11.  MISCELLANEOUS 

 

	11.01.	Hypothetical Accounts. 

 Each account and investment established under the Plan shall be
hypothetical in nature and shall be maintained for bookkeeping purposes only. The accounts established under the Plan shall hold no actual funds or assets. Any liability of the Company to any Participant, former Participant, or Beneficiary with
respect to a right to payment shall be based solely upon contractual obligations created by the Plan. Neither the Company, the Board, nor any other person shall be deemed to be a trustee of any amounts to be paid under the Plan. Nothing contained in
the Plan, and no action taken pursuant to its provisions, shall create or be construed to create a trust of any kind, or a fiduciary relationship, between or among the Company, a Participant, or any other person. 

 

	11.02.	Company Obligation. 

 The Company shall not be required to fund any obligations under the Plan.
Except as provided in Section 11.03, any assets that may be accumulated by the Company to meet its obligations under the Plan shall for all purposes be part of the general assets of the Company. To the extent that any Participant or Beneficiary
acquires a right to receive payments under the Plan for which the Company is liable, such rights shall be no greater than the rights of any unsecured general creditor of the Company. 

 

	11.03.	Trust Fund. 

 The Company shall be responsible for the payment of all benefits provided under the
Plan. Before a Change in Control, at its discretion, the Company may establish one (1) or more trusts, with such trustees as the Committee may approve, for the purpose of assisting in the payment of such benefits. Following a Change in Control,
the Company shall establish one (1) or more trusts, with such trustees as the Committee may approve, for the purpose of assisting in the payment of such benefits, and shall fund such trust with the full amount necessary to pay all benefits that
are reasonably expected to be payable under the Plan. Although such a trust may be irrevocable, its assets shall be held for payment of all of the Company’s general creditors in the event of insolvency and shall not be located or transferred
outside of the United States. To the extent any benefits provided under the Plan are paid from any such trust, the Company shall have no further obligation to pay them. If not paid from the trust, such benefits shall remain the obligation of
Company. No assets of the trust or the Company shall become restricted to provide benefits under the Plan in connection with a change in the Company’s financial health. 
  

	11.04.	Nonassignability. 

 Neither a Participant nor any other person shall have any right to commute,
sell, assign, transfer, pledge, anticipate, mortgage or otherwise encumber, transfer, hypothecate or convey in advance of actual receipt the amounts, if any, payable hereunder, or any part thereof, which are, and all rights to which are, expressly
declared to be unassignable and non-transferable. No part of the amounts payable shall, prior to actual payment, be subject to seizure or sequestration for the payment of any debts, judgments, alimony or
separate maintenance owed by a Participant or any other person, nor be transferable by operation of law in the event 

  

			
	 AMETEK, Inc., 2004 Executive Death Benefit Plan (Restated January 1, 2017)	  	Page 20  

 
of a Participant’s or any other person’s bankruptcy or insolvency, except that the Committee may recognize a domestic relations order in accordance with procedures that it may establish
for this purpose. 
  

	11.05.	Not a Contract of Employment. 

 This Plan shall not constitute a contract of employment between
Company and the Participant. Nothing in this Plan shall give a Participant the right to be retained in the service of Company or to interfere with the right of the Company to discipline or discharge a Participant at any time. 

 

	11.06.	Protective Provisions. 

 A Participant will cooperate with the Company by furnishing any and all
information requested by the Company, in order to facilitate the payment of benefits hereunder, and by taking such physical examinations as the Company may deem necessary and taking such other action as may be requested by the Company. 

 

	11.07.	Governing Law. 

 The Plan shall be construed and enforced in accordance with applicable federal
law and, to the extent not preempted by federal law, the laws of the Commonwealth of Pennsylvania (without regard to the legislative or judicial conflict of laws rules of any state or other jurisdiction). 

 

	11.08.	Severability. 

 If any provision of the Plan shall be held unlawful or otherwise invalid or
unenforceable in whole or in part, the unlawfulness, invalidity, or unenforceability shall not affect any other provision of the Plan or part thereof, each of which shall remain in full force and effect. In addition, if any provision of the Plan
shall be found to violate section 409A of the Code or otherwise result in benefits under the Plan being subject to income tax prior to distribution, such provision shall be void and unenforceable, and the Plan shall be administered without regard to
such provision. 
  

	11.09.	Headings. 

 Headings are inserted in this Plan for convenience of reference only and are to be
ignored in the construction of the provisions of the Plan. 
  

	11.10.	Notice. 

 Any notice required or permitted under the Plan shall be sufficient if in writing and
hand delivered or sent by registered mail, certified mail, or reputable overnight delivery service. Such notice shall be deemed given as of the date of delivery or, if delivery is made by mail or overnight delivery, as of the date shown on the
postmark on the receipt for registration or certification or on the records of the overnight delivery company. Mailed notice to the Committee shall be directed to the Company’s address. Mailed notice to a Participant or Beneficiary shall be
directed to the individual’s last known address in Company’s records. 

  

			
	 AMETEK, Inc., 2004 Executive Death Benefit Plan (Restated January 1, 2017)	  	Page 21  

	11.11.	Successors.

 The provisions of this Plan shall bind and inure to the benefit of Company and its
successors and assigns. The term successors as used herein shall include any corporate or other business entity which shall, whether by merger, consolidation, purchase or otherwise acquire all or substantially all of the business and assets of
Company, and successors of any such corporation or other business entity. 
  
  

 
  

					
	AMETEK, INC.	 	
			
	BY:	 	 /s/ HENRY J. POLICARE
	 	
		 	Henry J. Policare	 	

 
					
			
	DATE:	 	 February 14, 2017
	 	

 
					
		
	ATTEST	 	
			
	BY:	 	 /s/ KATHRYN E. SENA
	 	
		 	Corporate Secretary	 	

  

			
	 AMETEK, Inc., 2004 Executive Death Benefit Plan (Restated January 1, 2017)	  	Page 22EX-10.10

 Exhibit 10.10 
  

 
  

THE AMETEK RETIREMENT AND SAVINGS PLAN 
  

 
 Amended and Restated as
of January 1, 2017 
  
  

 

 TABLE OF CONTENTS 
  

							
	 Article 1. Purpose
	  	 	1	  
			
	 1.01
	    	History of Plan	  	 	1	  
	 1.02
	    	Purpose	  	 	1	  
	 1.03
	    	Effective Date	  	 	1	  
		
	 Article 2. Definitions and Construction
	  	 	2	  
			
	 2.01
	    	Definitions	  	 	2	  
	 2.02
	    	Construction	  	 	12	  
		
	 Article 3. Eligibility and Participation
	  	 	13	  
			
	 3.01
	    	Eligibility	  	 	13	  
	 3.02
	    	Participation	  	 	13	  
	 3.03
	    	Cessation of Active Participation	  	 	13	  
	 3.04
	    	Reemployment of Former Employees and Former Participants	  	 	13	  
		
	 Article 4. Contributions By Employees
	  	 	14	  
			
	 4.01
	    	Pre-Tax Contributions and Roth Contributions	  	 	14	  
	 4.02
	    	After-Tax Contributions	  	 	16	  
	 4.03
	    	Catch-Up Contributions	  	 	16	  
	 4.04
	    	Limitation on Contributions	  	 	17	  
	 4.05
	    	Rollover Contributions	  	 	17	  
	 4.06
	    	Changes and Suspensions	  	 	18	  
	 4.07
	    	Credit to Accounts	  	 	20	  
		
	 Article 5. Employer Contributions
	  	 	21	  
			
	 5.01
	    	Matching Contributions	  	 	21	  
	 5.02
	    	Retirement Contributions	  	 	21	  
	 5.03
	    	Retirement Incentive Contributions	  	 	22	  
	 5.04
	    	Discretionary Contributions	  	 	22	  
	 5.05
	    	Credit to Accounts	  	 	23	  
		
	 Article 6. Limitations on Contributions and Allocations to Accounts
	  	 	24	  
			
	 6.01
	    	Limits on Employee Contributions	  	 	24	  
	 6.02
	    	Limits on Annual Additions	  	 	24	  
	 6.03
	    	Nondiscrimination Tests	  	 	26	  
		
	 Article 7. Allocation to Accounts
	  	 	29	  
			
	 7.01
	    	Accounts	  	 	29	  
	 7.02
	    	Account Allocations	  	 	29	  
	 7.03
	    	Statement of Accounts	  	 	30	  
	 7.04
	    	Allocations Do Not Create Rights	  	 	31	  
		
	 Article 8. Investment Elections
	  	 	32	  
			
	 8.01
	    	Investment Funds	  	 	32	  
	 8.02
	    	Investment Direction	  	 	34	  

  

			
	 The AMETEK Retirement and Savings Plan	  	Table of Contents    

							
	 8.03
	    	Change in Investment Direction	  	 	34	  
	 8.04
	    	Voting of Company Stock	  	 	34	  
	 8.05
	    	Tender and Exchange Offers	  	 	35	  
	 8.06
	    	Insurance Contract	  	 	36	  
	 8.07
	    	Additional Rules	  	 	37	  
		
	 Article 9. Vesting
	  	 	38	  
			
	 9.01
	    	Immediate Vesting	  	 	38	  
	 9.02
	    	Delayed Vesting	  	 	38	  
	 9.03
	    	Vesting Upon Certain Events	  	 	38	  
	 9.04
	    	Forfeitures	  	 	38	  
		
	 Article 10. Withdrawals During Employment
	  	 	40	  
			
	 10.01
	    	Limited In-Service Withdrawals	  	 	40	  
	 10.02
	    	Hardship Withdrawals	  	 	40	  
		
	 Article 11. Loans
	  	 	43	  
			
	 11.01
	    	In General	  	 	43	  
	 11.02
	    	Eligibility for Loans	  	 	43	  
	 11.03
	    	Application for Loans	  	 	43	  
	 11.04
	    	Treatment of Loans and Loan Repayments	  	 	43	  
	 11.05
	    	Terms and Conditions of Loans	  	 	44	  
	 11.06
	    	Rollover Loans	  	 	46	  
		
	 Article 12. Distribution of Accounts
	  	 	47	  
			
	 12.01
	    	Distribution Events	  	 	47	  
	 12.02
	    	Forms of Distribution	  	 	47	  
	 12.03
	    	Timing of Distributions	  	 	48	  
	 12.04
	    	Beneficiaries	  	 	53	  
	 12.05
	    	Proof of Death and Right of Beneficiary or Other Person	  	 	54	  
	 12.06
	    	Distributions to Minors and Incompetents	  	 	54	  
	 12.07
	    	Missing Payees	  	 	55	  
	 12.08
	    	Recovery of Overpayment	  	 	55	  
		
	 Article 13. Direct Rollovers
	  	 	56	  
			
	 13.01
	    	Direct Rollover	  	 	56	  
	 13.02
	    	Eligible Retirement Distribution	  	 	56	  
	 13.03
	    	Eligible Retirement Plan	  	 	56	  
	 13.04
	    	Distributee	  	 	57	  
	 13.05
	    	Direct Rollover	  	 	57	  
		
	 Article 14. Administration
	  	 	58	  
			
	 14.01
	    	Committee - Authority	  	 	58	  
	 14.02
	    	Membership and Procedures of Committee	  	 	58	  
	 14.03
	    	Committee Powers	  	 	58	  
	 14.04
	    	Designation of Additional Fiduciaries	  	 	59	  
	 14.05
	    	Allocation of Duties	  	 	59	  
	 14.06
	    	Employment of Agents	  	 	59	  

  

			
	 The AMETEK Retirement and Savings Plan	  	Table of Contents    

							
	 14.07
	    	Expenses	  	 	60	  
	 14.08
	    	Liability for Contributions	  	 	60	  
	 14.09
	    	Participation of Committee Members and Other Fiduciaries	  	 	60	  
	 14.10
	    	Books and Records	  	 	60	  
	 14.11
	    	Indemnification	  	 	60	  
		
	 Article 15. Claims Procedure
	  	 	61	  
			
	 15.01
	    	Claim	  	 	61	  
	 15.02
	    	Denial of Claim	  	 	61	  
	 15.03
	    	Review of Claim	  	 	61	  
	 15.04
	    	Final Decision	  	 	61	  
	 15.05
	    	Litigation	  	 	62	  
	 15.06
	    	Class Action Forum Selection	  	 	64	  
		
	 Article 16. Management of Funds
	  	 	65	  
			
	 16.01
	    	Trust Agreement	  	 	65	  
	 16.02
	    	Designation of Trustee	  	 	65	  
	 16.03
	    	Exclusive Benefit Rule	  	 	65	  
	 16.04
	    	Appointing Investment Managers	  	 	65	  
	 16.05
	    	No Guarantee	  	 	65	  
		
	 Article 17. Assignments or Liens
	  	 	66	  
			
	 17.01
	    	No Alienation	  	 	66	  
	 17.02
	    	No Liability for Obligation	  	 	66	  
	 17.03
	    	Qualified Domestic Relations Orders	  	 	66	  
	 17.04
	    	Distributions Under Qualified Domestic Relations Orders	  	 	66	  
		
	 Article 18. Amendment, Merger or Termination
	  	 	68	  
			
	 18.01
	    	Amendment of Plan	  	 	68	  
	 18.02
	    	Termination of Plan	  	 	68	  
	 18.03
	    	Vesting and Distribution of Assets on Plan Termination or Complete Discontinuance of Contributions	  	 	69	  
	 18.04
	    	Merger or Consolidation	  	 	69	  
		
	 Article 19. Top-Heavy Provisions
	  	 	71	  
			
	 19.01
	    	Priority Over Other Plan Provisions	  	 	71	  
	 19.02
	    	Definitions Used in this Article	  	 	71	  
	 19.03
	    	Minimum Allocation	  	 	73	  
	 19.04
	    	Coordination with Defined Benefit Plan	  	 	74	  
		
	 Article 20. Special Rules for Military Service
	  	 	75	  
			
	 20.01
	    	In General	  	 	75	  
	 20.02
	    	Reemployment Following a Period of Qualified Military Service	  	 	75	  
	 20.03
	    	Service Credit	  	 	76	  
	 20.04
	    	Loan Repayments	  	 	76	  
	 20.05
	    	Survivor Benefits	  	 	76	  
	 20.06
	    	Treatment of Differential Wage Payments	  	 	76	  
	 20.07
	    	Termination of Employment	  	 	76	  

  

			
	 The AMETEK Retirement and Savings Plan	  	Table of Contents    

							
		
	 Article 21. Miscellaneous
	  	 	78	  
			
	 21.01
	    	Not a Contract of Employment	  	 	78	  
	 21.02
	    	Electronic Transmission of Notices and Elections	  	 	78	  
	 21.03
	    	Governing Law	  	 	78	  
	 21.04
	    	Severability	  	 	78	  
	 21.05
	    	Headings	  	 	78	  

  

			
	 The AMETEK Retirement and Savings Plan	  	Table of Contents    

 ARTICLE 1.      PURPOSE 

 

	1.01	History of Plan. 

 The AMETEK Retirement and Savings Plan (the “Plan”) was originally
adopted, effective October 1, 1984, by AMETEK, Inc. (the “Company”) with the approval of its Board of Directors. 
 The Plan was
amended and restated, effective January 1, 2012, to reflect amendments adopted since the restatement dated January 1, 2002, the merger of the AMETEK 401(k) Plan for Acquired Businesses into the Plan on January 1, 2008, and additional
clarifications and amendments intended to improve administration of the Plan. 
 The Plan was amended and restated, effective April 1, 2014, to
provide for Roth and after-tax contributions, to accept direct rollovers of Roth and after-tax contributions, and to adopt additional clarifications and amendments
intended to improve administration of the Plan. 
 The Plan is hereby amended and restated, effective January 1, 2017, to reflect additional
clarifications and amendments. 
  

	1.02	Purpose. 

 The Plan is intended to qualify as a profit sharing plan with a cash or deferred
arrangement under sections 401(a) and 401(k) of the Internal Revenue Code (the “Code”). Although the Plan is intended to qualify as a profit sharing plan, employer contributions to the Plan may be made without regard to profits. 

 

	1.03	Effective Date. 

 Except as specifically provided: 

 

	 	(a)	The Plan as amended and restated in this document will apply only to eligible persons who are employees of an Employer Unit on or after January 1, 2017; and 

 

	 	(b)	The rights and benefits of Participants whose employment ended before January 1, 2017, will be determined under the applicable instruments in effect when their employment ended, or as otherwise specifically
provided in those instruments. 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 1    

 ARTICLE 2.      DEFINITIONS AND CONSTRUCTION 

 

	2.01	Definitions. 

 For the purpose of this Plan, the following terms will have the meanings set forth
below, unless the context clearly indicates otherwise. 
  

	 	(a)	Account or Accounts.  “Account” or “Accounts” for any Participant means any account or accounts established pursuant to Section 7.01. As used
in the Plan, the terms “Account” or “Accounts” will mean any relevant one of the Accounts or all Accounts as the context requires. 

  

	 	(b)	Adoption Agreement.  “Adoption Agreement” means the agreement by which the Plan is adopted with regard to certain Eligible Employees at a Covered Location of an Employer Unit and
sets forth certain specifications applicable under the Plan with respect to such Eligible Employees. An Adoption Agreement will be effective as of the Effective Date stated in Paragraph A of the Adoption Agreement. 

 

	 	(c)	Affiliate.  “Affiliate” means any company not participating in the Plan that is: 

  

	 	(1)	a member of a controlled group of corporations as defined in section 414(b) of the Code (determined under section 1563(a) of the Code without regard to sections 1563(a)(4) and (e)(3)(C) of the Code) with the Company;

  

	 	(2)	any trade or business under common control (as defined in section 414(c) of the Code) with the Company; 

  

	 	(3)	any member of an affiliated service group (as defined in section 414(m) of the Code) that includes the Company; or 

  

	 	(4)	any other entity required to be aggregated with the Company pursuant to regulations under section 414(o) of the Code. 

Notwithstanding the foregoing, for purposes of Section 6.02, the definitions in sections 414(b) and (c) of the Code will be modified by
substituting the phrase “more than 50 percent” for the phrase “at least 80 percent” each place it appears in section 1563(a)(1) of the Code. 
  

	 	(d)	After-Tax Contributions.  “After-Tax Contributions” means the contributions made to the Plan by an
Eligible Employee pursuant to a Participant election under Section 4.02. 

  

	 	(e)	After-Tax Contribution Account.  “After-Tax Contribution Account” means the record of assets held
by the Trustee for a Participant or Beneficiary under the Plan that is derived from After-Tax Contributions. 

  

	 	(f)	 Alternate Payee.  “Alternate Payee” means any Spouse, former Spouse, child or
other dependent of a Participant who is recognized by a Qualified Domestic 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 2    

	 	
Relations Order as having a right to receive all, or a portion, of the benefits payable under the Plan with respect to a Participant. 

 

	 	(g)	Base Group.  “Base Group” means for any calendar year, each Participant described in Section 3.02: 

 

	 	(1)	other than a Participant who is a non-Highly Compensated Employee, has not attained age twenty-one (21), and has completed less than a Year
of Service before the last day of the Plan Year; 

  

	 	(2)	who is employed by an Employer Unit as an Eligible Employee at any time during that year; and 

  

	 	(3)	who is not in the Test Group. 

  

	 	(h)	Beneficiary.  “Beneficiary” means any individual or legal entity who or which becomes eligible to receive benefits payable under the Plan in the event of a Participant’s
death, as provided in Section 12.04. 

  

	 	(i)	Board of Directors.  “Board of Directors” means the Board of Directors of the Company, as it may be constituted from time to time, and any committee, officer, or other individual
to which or to whom the Board of Directors will have delegated any of its responsibilities under the Plan. 

  

	 	(j)	Catch-Up Contributions.  “Catch-Up Contribution” means a
Pre-Tax Contribution or Roth Contribution that meets the requirements of Section 4.03. 

  

	 	(k)	Catch-Up Contribution Account.  “Catch-Up Contribution Account” means the record of assets held by
the Trustee for a Participant or Beneficiary under the Plan that is derived from Catch-Up Contributions. 

  

	 	(l)	Code.  “Code” means the Internal Revenue Code of 1986, as amended. 

  

	 	(m)	Committee.  “Committee” means the Committee appointed and serving pursuant to Article 14. 

 

	 	(n)	Company.  “Company” means AMETEK, Inc., a Delaware corporation, or any successor that assumes its obligations under the Plan. 

 

	 	(o)	Company Stock.  “Company Stock” means common stock of the Company. 

  

	 	(p)	Company Stock Fund.  “Company Stock Fund” means the Investment Fund established pursuant to Section 8.01(b). 

 

	 	(q)	 Compensation.  “Compensation” means (1) wages as defined in section 3401(a)
of the Code and all other payments of compensation to an Employee by the Employer (in the course of the Employer’s trade or business) for which the Employer is required to furnish the Employee a written statement under sections 6041(d),
6051(a)(3), and 6052 of the Code, (2) amounts deferred at the election of the Employee that would be included in wages if not deferred pursuant to the rules of section 125(a), 132(f)(4), 402(e)(3), 402(h)(1)(B), 402(k), or 457(b) of the

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 3    

	 	
Code, and (3) any amounts deducted from an Employee’s earnings on a pre-tax basis for group health care coverage because the Employer does not
request or collect information regarding the Employee’s other health care coverage as part of the enrollment process for the health plan, to the extent that the sum of these amounts is less than the applicable limitation under
section 401(a)(17) of the Code. Compensation is determined without regard to any rules under section 3401(a) that would otherwise limit the remuneration included in wages based on the nature or location of the employment or the services
performed. Compensation includes only amounts actually paid to the Employee during the period he was a Participant in the Plan during a Plan Year or would have been payable during such period but for the Employee’s election to defer amounts in
accordance with section 125(a), 132(f)(4), 402(e)(3), 402(h)(1)(B), 402(k), or 457(b) of the Code; provided that Compensation will include regular pay (within the meaning of Treasury Regulation section
1.415(c)-2(e)(3)(i)) that is paid by the later of two and one-half months after the Participant terminates employment with an Employer or Affiliate or the end of the
Plan Year. Compensation does not include the following: 

  

	 	(1)	sign-on bonuses (and for purposes of Catch-Up Contributions only, any performance or
non-performance based bonus payments); 

  

	 	(2)	reimbursements or other expense allowances; 

  

	 	(3)	cash or non-cash fringe benefits (other than elective deferrals as described above), including tuition, housing, dependent education, and car allowance; 

 

	 	(4)	moving expenses; 

  

	 	(5)	deferred compensation (other than elective deferrals as described above), including amounts attributable to the grant, exercise, vesting, or payment of stock options, restricted stock, and other stock-based rights;

  

	 	(6)	amounts credited or paid under any employee welfare benefit plan (other than the elective deferrals described above); 

  

	 	(7)	severance benefits (paid in any form); and 

  

	 	(8)	imputed income with respect to split-dollar life insurance. 

 To the extent required by section
414(u)(12) of the Code and guidance issued thereunder, an individual receiving differential wage payments (within the meaning of section 3401(h)(2) of the Code) from the Employer on or after January 1, 2009, will be treated as an employee and
the differential wage payments will be treated as Compensation. 
 The annual Compensation of each Employee taken into account under the Plan will
not exceed $200,000, as adjusted by the Commissioner of Internal Revenue for increases in the cost of living in accordance with section 401(a)(17)(B) of the Code. 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 4    

	 	(r)	Contribution Ratio.  “Contribution Ratio” means for any calendar year the ratio of the sum of the Participant’s allocated Matching Contributions, After-Tax Contributions (including Pre-Tax or Roth Contributions that are recharacterized as After-Tax Contributions in accordance with
Section 6.03(a)), and Retirement Incentive Contributions for that year (not including any make-up contributions pursuant to section 414(u)(2) of the Code) to the Participant’s Compensation for that
year. For this purpose, “compensation” means compensation as defined in section 414(s) of the Code and Treasury Regulation section 1.414(s)-1. 

 

	 	(s)	Covered Location.  “Covered Location” means a facility, plant, location, or other group of an Employer Unit designated as such in Paragraph C of an Adoption Agreement or Exit
Agreement, or any successor to such facility, plant, location, or other group of an Employer Unit. An Employee will be considered employed at a Covered Location for which he performs the majority of his services or at the location that is
responsible for the Employee, as determined by the Plan Administrator. 

  

	 	(t)	Deferral Ratio.  “Deferral Ratio” means for any calendar year the ratio of a Participant’s Pre-Tax Contributions and Roth
Contributions for that year (not including any Catch-Up Contributions or make-up contributions pursuant to section 414(u)(2) of the Code) to the Participant’s
Compensation for that year. For this purpose, “compensation” means compensation as defined in section 414(s) of the Code and Treasury Regulation section 1.414(s)-1. 

 

	 	(u)	Disabled.  “Disabled” means (1) if the Participant participated in a defined benefit pension plan maintained by the Employer or the Affiliate immediately before becoming disabled,
the meaning of this term under the defined benefit pension plan; or (2) if the Participant does not participate in such a defined benefit pension plan immediately before becoming disabled, a Participant will be considered “Disabled”
if he is receiving disability benefits from Social Security for a disability that occurs while he is employed by the Employer or an Affiliate. 

  

	 	(v)	Discretionary Contributions.  “Discretionary Contributions” means the contributions made to the Plan by an Employer on behalf of a Participant pursuant to Section 5.04.

  

	 	(w)	Discretionary Contribution Account.  “Discretionary Contribution Account” means the record of assets held by the Trustee for a Participant or Beneficiary under the Plan that are
derived from Discretionary Contributions. 

  

	 	(x)	Effective Date.  “Effective Date” means January 1, 2017. 

  

	 	(y)	Eligible Employee.  “Eligible Employee” means an individual who is (1) an Employee, (2) a member of a group that has been designated as included in the definition of
“Eligible Employee” in Paragraph D of an Adoption Agreement, and (3) not a member of a group that has been designated as “Ineligible Employees” in Paragraph D of an Exit Agreement; provided that Eligible Employee will not
include the following, unless Paragraph D of the applicable Adoption Agreement expressly provides to the contrary: 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 5    

	 	(1)	a Leased Employee, unless required to be included as an Eligible Employee in order to meet the applicable requirements of section 414(n)(3) of the Code; 

 

	 	(2)	an individual who is classified by the Employer or an Affiliate as a temporary or seasonal employee; 

  

	 	(3)	a student who is employed by the Employer or an Affiliate while attending school or during his or her breaks from school or any other individual who is classified as an “intern” or temporary employee in
accordance with the Employer’s or Affiliate’s regular employment practices and policies; 

  

	 	(4)	an individual who is treated or classified by the Employer as a director, independent contractor or otherwise is not classified by the Employer as a “common law employee” of the Employer, even if he is later
determined to be a “common law employee” of the Employer by reason of Revenue Ruling 87-41 or any successor thereto. If an individual who is excluded pursuant to this paragraph (4) later becomes
classified as a common law employee of the Employer or an Affiliate for any reason, that individual will be deemed to be an Eligible Employee as of the later of (i) the date on which he is reclassified as a common law employee or (ii) the
effective date as of which he is reclassified as a common law employee. 

  

	 	(5)	an individual whose basic compensation for services on behalf of an Employer or Affiliate is not paid directly by an Employer or Affiliate; 

 

	 	(6)	an individual employed under a contract or other agreement that provides that the individual is not eligible to participate in the Plan; or 

 

	 	(7)	an individual employed by an Employer who is a non-resident alien and received no earned income (within the meaning of section 911(d)(2) of the Code) from the Employer that
constitutes income from sources within the United States (within the meaning of section 861(a)(3) of the Code). 

 An individual will
be a member of a group that has been designated as included in the definition of “Eligible Employee” in Paragraph D of an Adoption Agreement as of the date his Employer Unit treats him as a member of such a group if, within 60 days after
such treatment begins, the Company adopts or amends an Adoption Agreement that designates him as included in the definition of “Eligible Employee” in Paragraph D. 
  

	 	(z)	Employee.  “Employee” means any person who is employed by the Employer or an Affiliate as a common law employee. 

 

	 	(aa)	Employer.  “Employer” means the Company and any Employer Unit. 

  

	 	(bb)	Employer Contribution.  “Employer Contribution” means Matching Contributions, Retirement Contributions, Retirement Incentive Contributions, or Discretionary Contributions.

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 6    

	 	(cc)	Employer Unit.  “Employer Unit” means the Company or any Affiliate or any division or other group of the Company or an Affiliate that adopts this Plan as indicated in Paragraph B
of an Adoption Agreement or Exit Agreement, or any successor to the Company or any such Affiliate, division, or other group of the Company or an Affiliate. 

  

	 	(dd)	Exit Agreement.  “Exit Agreement” means the agreement by which certain Employees at a Covered Location of an Employer Unit cease to participate in the Plan and that sets forth
certain specifications applicable under the Plan with respect to such Employees. An Exit Agreement will be effective as of the Effective Date stated in Paragraph A of the Exit Agreement. 

 

	 	(ee)	Highly Compensated Employee.  “Highly Compensated Employee” means an Employee who: 

  

	 	(1)	during the Plan Year or the preceding Plan Year was a Five Percent Owner (within the meaning of Section 19.02(d)), or 

  

	 	(2)	for the preceding Plan Year had compensation (within the meaning of Section 6.02(c)(2)) in excess of $110,000 (or such other amount as may be prescribed from time-to-time by the Secretary of the Treasury pursuant to section 414(q)(1)(B)(i) of the Code). 

This definition is intended to implement the definition of highly compensated employee in section 414(q) of the Code, and will be applied in a
manner that is consistent with that section and with any relevant regulations or other guidance issued thereunder, including any regulations or other guidance adjusting the $110,000 amount. 

 

	 	(ff)	Hour of Service.  “Hour of Service” means each of the following, without duplication: 

  

	 	(1)	each hour for which an Employee is paid or entitled to payment for the performance of duties for an Employer or an Affiliate; 

  

	 	(2)	each hour for which an Employee is paid or entitled to payment by an Employer or Affiliate although no duties are performed (irrespective of whether the employment relationship has terminated) due to vacation, holiday,
illness, layoff, jury duty, military duty, or leave of absence; 

  

	 	(3)	each hour for which back pay is awarded or agreed to by an Employer or Affiliate, irrespective of mitigation of damages; and 

  

	 	(4)	each hour of military leave, in accordance with Section 20.03, or family and medical leave that is required by Federal law to be credited. 

 

	 	(gg)	Insurance Contract.  “Insurance Contract” means an insurance policy, including, but not limited to, universal life insurance policies issued by a licensed insurance carrier,
issued to the Trustee for the benefit of a Participant. 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 7    

	 	(hh)	Investment Fund.  “Investment Fund” means the one or more investment funds provided pursuant to Section 8.01. 

 

	 	(ii)	Leased Employee.  “Leased Employee” means any person who, pursuant to an agreement between the Employer or an Affiliate and any other person (“leasing organization”),
performed services for the Employer or Affiliate or any related persons determined in accordance with section 414(n)(6) of the Code on a substantially full-time basis for a period of at least one year and such services are performed under the
primary direction of or control by the Employer or Affiliate. In the case of any person who is a Leased Employee before or after a period of Service as an Employee, the entire period during which he performed services as a Leased Employee will be
counted as service as an Employee for all purposes of the Plan, except that he will not, by reason of that status, become a Participant of the Plan. However, the period during which such individual performed services as a Leased Employee will not be
counted as service as an Employee if, while a Leased Employee, (1) the individual is covered by a plan maintained by his leasing organization that meets the requirements of section 414(n)(5)(B) of the Code and (3) Leased Employees do not
constitute more than twenty percent (20%) of the non-highly compensated workforce of the Employer. A Participant will not be deemed to have terminated employment for purposes of this Plan if he becomes a
Leased Employee. 

  

	 	(jj)	Loan Fund.  “Loan Fund” means the Investment Fund described in Section 8.01(a). 

  

	 	(kk)	Matching Contributions.  “Matching Contributions” means the contributions made to the Plan by an Employer on behalf of a Participant pursuant to Section 5.01.

  

	 	(ll)	Matching Contribution Account.  “Matching Contribution Account” means the record of assets held by the Trustee for a Participant or Beneficiary under the Plan that are derived
from Matching Contributions. 

  

	 	(mm)	Merged Plan Contributions.  “Merged Plan Contributions” means the amounts that (1) are subject to a vesting schedule, distribution right, or other special right or feature
identified in the Adoption Agreement that is not otherwise available under the Plan and (2) are transferred to the Plan on behalf of a Participant from a plan that is merged into the Plan pursuant to Section 18.04. Merged Plan
Contributions will be treated the same as Matching Contributions except as provided in the Adoption Agreement. 

  

	 	(nn)	Merged Plan Contribution Account.  “Merged Plan Contribution Account” means the record of assets held by the Trustee for a Participant or Beneficiary under the Plan that are
derived from Merged Plan Contributions. 

  

	 	(oo)	Normal Retirement Age.  “Normal Retirement Age” means (1) age 65 for a Participant who is not eligible for Retirement Contributions pursuant to Paragraph E of the applicable
Adoption Agreement or (2) the later of (i) age 65 or (ii) the fifth (5th) anniversary of the Participant’s commencement of participation in the Plan. 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 8    

	 	(pp)	Participant.  “Participant” means any Eligible Employee who satisfies the requirements set forth in Article 3. In the event of the death or incompetency of a Participant, the
term will mean the Participant’s personal representative or guardian. 

  

	 	(qq)	Period of Severance.  “Period of Severance” means for any Employee, the period beginning on the Employee’s Severance from Service Date and ending on the date the Employee
next completes an Hour of Service. 

  

	 	(rr)	Plan.  “Plan” means The AMETEK Retirement and Savings Plan as it may be amended from time to time. 

 

	 	(ss)	Plan Administrator.  “Plan Administrator” means the person, group of persons, firm, or corporation serving as plan administrator pursuant to Section 14.01.

  

	 	(tt)	Plan Year.  “Plan Year” means the 12-month period beginning on each January 1 and ending the following December 31.

  

	 	(uu)	Predecessor Employer.  “Predecessor Employer” means a prior employer of an eligible Employee designated as such in Paragraph H of an Adoption Agreement. 

 

	 	(vv)	Pre-Tax Contributions.  “Pre-Tax Contributions” means the contributions made to the Plan by an
Employer pursuant to a Participant election under Section 4.01. 

  

	 	(ww)	Pre-Tax Contribution Account.  “Pre-Tax Contribution Account” means the record of assets held by
the Trustee for a Participant or Beneficiary under the Plan that is derived from Pre-Tax Contributions. 

  

	 	(xx)	Qualified Domestic Relations Order.  “Qualified Domestic Relations Order” or “Order” means a domestic relations order (as defined in section 414(p) of the Code) that
(1) creates or recognizes the existence of an Alternate Payee’s right to, or assigns to an Alternate Payee the right to, receive all or a portion of the benefits payable with respect to a Participant under the Plan and (2) meets the
requirements of section 206(d)(3) of ERISA and section 414(p) of the Code, as determined by the Plan Administrator. 

  

	 	(yy)	Retirement Contributions.  “Retirement Contributions” means the contributions made to the Plan by an Employer on behalf of a Participant pursuant to Section 5.02.

  

	 	(zz)	Retirement Contribution Account.  “Retirement Contribution Account” means the record of assets held by the Trustee for a Participant or Beneficiary under the Plan that is derived
from Retirement Contributions. 

  

	 	(aaa)	Retirement Incentive Contributions.  “Retirement Incentive Contributions” means the contributions made to the Plan by an Employer on behalf of a Participant pursuant to
Section 5.03. 

  

	 	(bbb)	 Retirement Incentive Contribution Account.  “Retirement Incentive Contribution
Account” means the record of assets held by the Trustee for a 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 9    

	 	
Participant or Beneficiary under the Plan that is derived from Retirement Incentive Contributions. 

  

	 	(ccc)	Rollover Contributions.  “Rollover Contributions” means the elective contributions made to the Plan by a Participant under Section 4.05. 

 

	 	(ddd)	Rollover Contribution Account.  “Rollover Contribution Account” means the record of assets held by the Trustee for a Participant or Beneficiary under the Plan that is derived
from Rollover Contributions. The Rollover Contribution Account includes the subaccounts specified in Section 7.02(f). 

  

	 	(eee)	Roth Contributions.  “Roth Contributions” means the portion of a Participant’s Pre-Tax Contributions designated irrevocably as Roth
Contributions pursuant to a Participant election under Section 4.01(a)(3). 

  

	 	(fff)	Roth Contribution Account.  “Roth Contribution Account” means the record of assets held by the Trustee for a Participant or Beneficiary under the Plan that is derived from Roth
Contributions. 

  

	 	(ggg)	Service.  “Service” means, with respect to any Employee, his periods of employment with an Employer or Affiliate that are counted as “Service” in accordance with the
following rules: 

  

	 	(1)	Each Employee will be credited with Service under the Plan for the period or periods during which such Employee maintains an employment relationship with an Employer or Affiliate. An Employee’s employment
relationship begins on the date the Employee first renders one Hour of Service and ends on his Severance from Service Date. 

  

	 	(2)	Notwithstanding anything to the contrary in paragraph (1) or subsection (hhh), if an Employee is continuously absent from employment with an Employer or Affiliate for more than one year for a reason described in
subsection (hhh)(2)(A), the period between the first and second anniversaries of the Employee’s first date of absence will not be treated as Service. 

  

	 	(3)	Service also will include a Period of Severance between an Employee’s Severance from Service Date and the first anniversary of the date on which the Employee was first absent, if the Employee completes an Hour of
Service on or before such first anniversary date. 

  

	 	(4)	Service credit for a period of “qualified military service” will be determined in accordance with Section 20.03. 

  

	 	(hhh)	Severance from Service Date.  “Severance from Service Date” means the earliest of: 

  

	 	(1)	the date an Employee quits, is discharged, retires, or dies (but not including the date a Participant becomes a Leased Employee); or 

 

	 	(2)	the later of: 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 10    

	 	(A)	the second anniversary of the date the Employee is first absent from employment by the Employer or an Affiliate on account of the Employee’s pregnancy, the birth of the Employee’s child, the placement of a
child with the Employee in connection with the Employee’s adoption of that child, or the Employee’s caring for such child immediately following birth or placement; or 

 

	 	(B)	the first anniversary of the date the Employee is first absent from employment by the Employer or an Affiliate for any other reason (including a reason other than those set forth in paragraph (1)), such as vacation,
holiday, sickness, disability, leave of absence (including pursuant to the Family and Medical Leave Act of 1993 and the regulations thereunder), or layoff. 

  

	 	(iii)	Spouse.  “Spouse” means the individual to whom the Participant is legally married, determined in accordance with IRS Revenue Ruling
2013-17 and other relevant guidance issued by the Internal Revenue Service and the Department of Labor, as of the earlier of the date on which the first payment of his retirement benefit is to be made or the
date of his death. For periods before June 26, 2013, an individual shall be treated as a Spouse only to the extent provided in the provisions of the Plan then in effect. The term “Spouse” also will include a former Spouse of a
Participant to the extent required by a Qualified Domestic Relations Order. 

  

	 	(jjj)	Taxable Wage Base.  “Taxable Wage Base” for a Plan Year means the contribution and benefit base in effect under section 230 of the Social Security Act on the first day of the
Plan Year for which allocations of Retirement Contributions are made. The Taxable Wage Base will be deemed to be the full amount of the Taxable Wage Base even if a Participant’s Compensation for a Plan Year is less than the Taxable Wage Base
for reasons which include becoming a Participant after the first day of the Plan Year or experiencing a Severance From Service Date before the end of the Plan Year. 

 

	 	(kkk)	Test Group.  “Test Group” means for any calendar year, each Participant described in Section 3.02: 

 

	 	(1)	other than a Participant who is a non-Highly Compensated Employee, has not attained age twenty-one (21), and who has completed less than a
Year of Service before the last day of the Plan Year; 

  

	 	(2)	who is employed by an Employer Unit as an Eligible Employee at any time during that year; and 

  

	 	(3)	who is a Highly Compensated Employee. 

  

	 	(lll)	Trust Fund.  “Trust Fund” means all money, securities, and other property that is held by the Trustee, pursuant to the terms of the trust agreement established for such purposes.

  

	 	(mmm)	Trustee.  “Trustee” means the entity or individuals appointed from time to time by the Company to hold the assets of the Plan. 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 11    

	 	(nnn)	Valuation Date.  “Valuation Date” means the date as of which the Trustee will determine the value of the assets in the Trust Fund for purposes of enabling the Plan Administrator
or its delegate to determine the value of the Accounts. 

  

	 	(ooo)	Year of Service.  “Year of Service” means for any Employee, each consecutive 12-month period of Service. 

 

	2.02	Construction. 

 For purposes of the Plan, unless the contrary is clearly indicated by context,

  

	 	(a)	the use of the masculine gender will also include within its meaning the feminine and vice versa, 

  

	 	(b)	the use of the singular will also include within its meaning the plural and vice versa, 

  

	 	(c)	the word “include” will mean to include without limitation, and 

  

	 	(d)	any reference to a statute or section of a statute will further be a reference to any successor or amended statute or section, and any regulations or other guidance of general applicability issued thereunder.

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 12    

 ARTICLE 3.      ELIGIBILITY AND PARTICIPATION 

 

	3.01	Eligibility. 

  

	 	(a)	Generally.  Except as provided in subsection (b), an individual will be eligible to participate in the Plan if the individual is an Eligible Employee and has attained the age of eighteen (18).

  

	 	(b)	Restrictions on Eligibility. 

  

	 	(1)	An Employee covered by a currently effective collective bargaining agreement will not be eligible to participate in the Plan unless the Employee is otherwise eligible and the agreement expressly provides for inclusion
in the Plan of Eligible Employees in his bargaining unit. Expiration of a collective bargaining agreement will not by itself affect an Employee’s status as eligible to participate in the Plan pending execution of a new collective bargaining
agreement. 

  

	 	(2)	No Employee will be eligible to participate or to continue to participate in the Plan if the applicable laws of any state, country, or other jurisdiction prohibit participation in the Plan or render its provisions
invalid or inoperative in their application to that Employee. 

  

	3.02	Participation. 

 Any individual who was a Participant in the Plan immediately preceding the
Effective Date will be considered a Participant on the Effective Date. Each other Eligible Employee who meets the requirements of Section 3.01 will become a Participant on the first day that the Eligible Employee first performs an Hour of
Service as an Eligible Employee. No Employee will participate before the effective date set forth in Paragraph A of the applicable Adoption Agreement. 
  

	3.03	Cessation of Active Participation. 

 Once an Eligible Employee has become an active Participant in
the Plan in accordance with Section 3.02, the Eligible Employee will remain a Participant in the Plan until the Participant’s entire Account balance under the Plan has been distributed in accordance with the provisions of the Plan. While a
Participant is an Eligible Employee, the Participant will be considered an “Active Participant.” During all other periods of participation, a Participant will be considered an “Inactive Participant.” Except as otherwise provided,
only those Participants who are Active Participants will be entitled to share in Matching, Retirement, or Retirement Incentive Contributions or to elect to make Pre-Tax, Roth,
After-Tax, Catch-Up, or Rollover Contributions. 
  

	3.04	Reemployment of Former Employees and Former Participants. 

 Any person employed by an Employer as
an Eligible Employee who was previously a Participant or was previously eligible to become a Participant will be immediately eligible to become a Participant in the Plan. Any other person reemployed by an Employer may participate in the Plan on
meeting the requirements of Section 3.02. 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 13    

 ARTICLE 4.      CONTRIBUTIONS BY EMPLOYEES 

 

	4.01	Pre-Tax Contributions and Roth Contributions. 

  

	 	(a)	Affirmative Election. 

  

	 	(1)	Amount of Election.  Subject to the limits imposed by Section 4.04 and Article 6, a Participant may elect a reduction in Compensation equal to not less than one percent (1%) and not more than fifty
percent (50%) of his Compensation for each payroll period beginning after the effective date of his election; provided that if the Participant is a Highly Compensated Employee, he may not elect a reduction in Compensation equal to more than ten
percent (10%) of his Compensation. Pursuant to each such election, the Participant’s Employer Unit will, in accordance with Section 4.07, contribute the amount of the reduction in Compensation elected for a payroll period to the Plan on
the Participant’s behalf as a Pre-Tax Contribution. The Plan Administrator may change the maximum percentages set forth in this subsection at any time with respect to
non-discriminatory groups of Eligible Employees of an Employer Unit. 

  

	 	(2)	Election Procedures.  A Participant may elect to have Compensation that would otherwise be paid to him by his Employer Unit in cash reduced as provided in subsection (1) by filing an election with
the Plan Administrator in such form and at such time as the Plan Administrator will require. Such election will be effective on the first day of the first payroll period that follows the date that the election is made, subject to such rules as the
Plan Administrator may establish for this purpose (including a deadline for making an election effective as of the first day of a particular payroll period). A Participant’s election will evidence the Participant’s agreement, until
subsequently modified by the Participant in accordance with Section 4.06, to have contributions made on the Participant’s behalf in accordance with paragraph (1). 

 

	 	(3)	Roth Contributions.  A Participant may elect to designate all or a portion of his Pre-Tax Contribution irrevocably, at the time of the election, as a Roth
Contribution that is being made in lieu of all or a portion of the Pre-Tax Contribution. Roth Contributions shall be includible in the Participant’s income pursuant to section 402A of the Code.

  

	 	(b)	Automatic Election of Pre-Tax Contributions. 

  

	 	(1)	Amount of Automatic Election. 

  

	 	(A)	 Each Participant will be deemed to have elected to reduce his Compensation by three percent (3%), effective with respect to
the first administratively feasible payroll period following the thirtieth (30th) day after the Participant receives the notice described in paragraph (2), unless within a reasonable period before such date, as determined by the Plan Administrator,
the Participant elects in accordance with Section 4.06(a) either to reduce his 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 14    

	 	
Compensation by a different percentage or not to make Pre-Tax Contributions. This deemed election will be a Pre-Tax
Contribution election for all purposes of the Plan and will remain in effect unless the election is changed by the Participant in accordance with the provisions of Section 4.06(a). 

 

	 	(B)	The amount of a deemed Pre-Tax Contribution election under this Section 4.01(b) will increase by one percent (1%) of Compensation each year until it equals six percent (6%) of
Compensation as follows: 

  

	 	(I)	the first automatic increase will apply with respect to the first payroll period that begins in January of the year after the year in which the Participant is hired or rehired, as applicable, except that, for
Participants hired or rehired after October 31 of a year, the first automatic increase will not apply until the first payroll period that begins in the second January following their hire or rehire, and 

 

	 	(II)	each subsequent automatic increase will apply with respect to the first payroll period that begins in the January following the first automatic increase or any subsequent automatic increase. 

Any automatic increases in a deemed Pre-Tax Contribution election will remain in place until the
Participant’s deemed election equals six percent (6%) of Compensation unless the Participant revokes or changes his election pursuant to Section 4.06(a) before that time. 

 

	 	(2)	Notice Regarding Automatic Election. 

  

	 	(A)	Timing of Notice.  At least thirty (30) days, but not more than ninety (90) days, before each Plan Year, the Plan Administrator will provide each Participant a comprehensive notice described
in paragraph (B), below, written in a manner calculated to be understood by the average Participant. If a Participant is hired (or rehired following a Severance from Service Date) or becomes eligible to participate in the Plan after the ninetieth
(90th) day before the beginning of the Plan Year and does not receive the notice for that reason, the notice will be provided no earlier than ninety (90) days before the date that the Participant becomes eligible to participate in the Plan but
not later than the first administratively feasible date after the Participant becomes eligible to participate in the Plan. 

  

	 	(B)	Content of Notice.  The notice will describe: 

  

	 	(I)	the amount of Pre-Tax Contributions that will be made on the Participant’s behalf pursuant to an automatic election; 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 15    

	 	(II)	the Participant’s right to elect not to have any Pre-Tax Contributions made on his or her behalf or to elect to reduce his Compensation by a different percentage or not to
make Pre-Tax Contributions; and 

  

	 	(III)	how Pre-Tax Contributions made pursuant to an automatic election will be invested in the absence of the Participant’s investment instructions. 

 

	4.02	After-Tax Contributions. 

  

	 	(a)	Amount of Election.  Subject to the limits imposed by Section 4.04 and Article 6, a Participant may elect to make After-Tax Contributions to the Plan equal
to not less than one percent (1%) and not more than fifty percent (50%) of his Compensation for each payroll period beginning after the effective date of his election; provided that if the Participant is a Highly Compensated Employee, he may not
elect a reduction in Compensation equal to more than (eight percent (8%) of his Compensation. Pursuant to each such election, the Participant’s Employer Unit will, in accordance with Section 4.07, contribute the amount of the reduction in
Compensation elected for a payroll period to the Plan on the Participant’s behalf as an After-Tax Contribution. The Plan Administrator may change the maximum percentages set forth in this subsection at
any time with respect to non-discriminatory groups of Eligible Employees of an Employer Unit. Any portion of an After-Tax Contribution made by a Participant for any Plan
Year that exceeds the maximum amount permitted by the Plan shall be returned to him, together with the allocable gain or loss, as soon as practicable and shall not be considered an After-Tax Contribution for
any purpose of the Plan. 

  

	 	(b)	Election Procedures.  A Participant may elect to have Compensation that would otherwise be paid to him by his Employer Unit in cash reduced as provided in subsection (a) by filing an election with
the Plan Administrator in such form and at such time as the Plan Administrator will require. Such election will be effective on the first day of the first payroll period that follows the date that the election is made, subject to such rules as the
Plan Administrator may establish for this purpose (including a deadline for making an election effective as of the first day of a particular payroll period). A Participant’s election will evidence the Participant’s agreement, until
subsequently modified by the Participant in accordance with Section 4.06, to have contributions made on the Participant’s behalf in accordance with subsection (a). 

 

	4.03	Catch-Up Contributions. 

 Each Participant who has
attained (or will attain) age 50 before the close of a Plan Year and on whose behalf his Employer Unit is contributing the maximum combined Pre-Tax and Roth Contributions permitted under the Plan (by reason of
either Section 4.01, Section 4.04, or Article 6) may elect, in accordance with the procedures described in Section 4.01(a)(2), an additional reduction in Compensation of no more than the least of the following: 

 

	 	(a)	Fifty percent (50%) of the Participant’s Compensation; 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 16    

	 	(b)	$5,000, as adjusted by the Internal Revenue Service in accordance with section 414(v)(2)(C) of the Code; or 

  

	 	(c)	The excess, if any, of: 

  

	 	(1)	the Participant’s Compensation (as defined in Section 6.02(c)(2)) for the Plan Year, over 

  

	 	(2)	the Participant’s Pre-Tax and Roth Contributions for the Plan Year. 

Pursuant to each such election by a Participant, the Participant’s Employer Unit will, in accordance with Section 4.07, contribute the amount
of the reduction in Compensation to the Plan on the Participant’s behalf as a Catch-Up Contribution. Catch-Up Contributions are not subject to the limits of
Section 4.04 or Article 6. 
  

	4.04	Limitation on Contributions. 

 Except as provided in Section 4.03 (with respect to Catch-Up Contributions), the sum of a Participant’s Pre-Tax, Roth, and After-Tax Contributions for any payroll period shall not
exceed fifty percent (50%) of his Compensation for that payroll period; provided that if the Participant is a Highly Compensated Employee: (a) the sum of his Pre-Tax and Roth Contributions shall not
exceed ten percent (10%) of his Compensation for that payroll period, and (b) his After-Tax Contributions shall not exceed eight percent (8%) of his Compensation for that payroll period. 

 

	4.05	Rollover Contributions. 

  

	 	(a)	Subject to Plan Administrator procedures and without regard to any limitations on contributions set forth in Section 4.01(a), 4.02, 4.03, 4.04, or Article 6, the Plan may receive from an Eligible Employee, regardless of
whether he has completed the age requirements of Section 3.01, in cash, any portion of: 

  

	 	(1)	an eligible rollover distribution (as defined in subsection (f)) paid to an Eligible Employee from an eligible retirement plan (as defined in subsection (f)), provided that the rollover satisfies the requirements of
section 402(c) or 408(d)(3)(A) of the Code and the Eligible Employee pays such amount to the Trustee on or before the 60th day after the day it was received by the Eligible Employee; or 

 

	 	(2)	an eligible rollover distribution (as defined in subsection (f)) paid as a direct rollover that satisfies section 401(a)(31) of the Code to the Trustee on behalf of the Eligible Employee by an eligible retirement plan.

  

	 	(b)	The Plan will accept amounts attributable to a designated Roth account or after-tax amounts; provided that such rollover is in the form of a direct rollover described in
subsection (a)(2). 

  

	 	(c)	 Upon approval by the Plan Administrator, the amount transferred to the Plan by an Eligible Employee pursuant to this
Section 4.05 will be credited to the Eligible Employee’s Rollover Contribution Account, and, in accordance with Article 7, shall be allocated within such Rollover Contribution Account to Pre-Tax
Rollover, 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 17    

	 	
Roth Rollover, and After-Tax Rollover Subaccounts, as applicable. The Eligible Employee will be fully vested in his Rollover Contribution Account and will
share in allocations of income, gains and losses from investment options. 

  

	 	(d)	Upon a transfer described in this Section 4.05 by an Eligible Employee who is not a Participant, the Eligible Employee’s Rollover Contribution Account will represent his sole interest in the Plan until he
becomes a Participant. 

  

	 	(e)	The Plan Administrator will develop such other procedures and may require such information from an Eligible Employee as it deems necessary or desirable to determine that a proposed rollover will meet the requirements of
this Section 4.05 and that the amount rolled over qualifies for rollover treatment pursuant to applicable provisions of the Code. If the Plan Administrator determines that any Rollover Contribution previously made to the Plan by a Participant
is not a valid Rollover Contribution, the Plan Administrator will return to the Participant, as soon as administratively possible, the amount of the invalid Rollover Contribution, together with earnings attributable to the Rollover Contribution.

  

	 	(f)	For purposes of this Section 4.05, the following terms are defined as follows: 

  

	 	(1)	Eligible Rollover Distribution.  An “Eligible Rollover Distribution” is all or any portion of the distribution from an eligible retirement plan, excluding (A) any distribution that is one
of a series of substantially equal periodic payments (not less frequently than annually) made for the life (or life expectancy) of the Eligible Employee and his designated beneficiary, or for a specified period of ten years or more; (B) any
distribution to the extent such distribution is required under section 401(a)(9) of the Code; or (C) any amount that is distributed on account of hardship. 

  

	 	(2)	Eligible Retirement Plan.  An “Eligible Retirement Plan” means (A) a qualified plan described in section 401(a) or 403(a) of the Code; (B) an annuity contract described in section
403(b) of the Code; (C) an eligible plan under section 457(b) of the Code which is maintained by a state, political subdivision of a state, or any agency or instrumentality of a state or political subdivision of a state; (D) an individual
retirement account or annuity described in section 408(a) or 408(b) of the Code; or (E) a Roth individual retirement account described in section 408A(b) of the Code. 

 

	4.06	Changes and Suspensions. 

  

	 	(a)	A Participant may elect to: 

  

	 	(1)	discontinue Pre-Tax Contributions, Roth Contributions, After-Tax Contributions, or Catch-Up
Contributions and receive cash, 

  

	 	(2)	resume Pre-Tax Contributions, Roth Contributions, After-Tax Contributions, or Catch-Up
Contributions; or 

  

	 	(3)	change the rate of his Pre-Tax, Roth Contributions, After-Tax Contributions, or Catch-Up
Contributions; 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 18    

 by filing an election with the Plan Administrator in such form as the Plan Administrator may require. Such
election will be effective on the first day of the first payroll period that follows the date that the election is made, discontinued, or changed, subject to such rules as the Plan Administrator may establish for this purpose (including a deadline
for making, discontinuing, or changing an election effective as of the first day of a particular payroll period). The Plan Administrator, in its sole discretion, may permit such election to be transmitted electronically or telephonically, to the
extent permitted by, and in accordance with any procedures set forth in, applicable law and regulations. 
  

	 	(b)	A Participant may elect for his Pre-Tax Contributions to automatically increase each Plan Year by either one percent (1%), two percent (2%) or three percent (3%) of Compensation
to the extent that the increases do not cause the Participant’s Pre-Tax Contributions, Roth Contributions, or Catch-Up Contributions to exceed the applicable limits
described in Section 4.01(a), 4.03, 4.04, and Article 6. The Participant may elect the month that the increase will become effective during a Plan Year, and any increase will be applied beginning with Compensation earned during the first
payroll period of that month. If the Participant does not elect a month for the automatic increase to apply, the increase will be applied effective beginning with Compensation earned during the first payroll period that begins in each Plan Year. A
Participant may prospectively elect, at any time, to apply, discontinue or to change the time and amount of an automatic increase to the amount of his Pre-Tax Contributions. 

 

	 	(c)	If a Participant ceases to receive Compensation due to a change of status of employment, the Participant’s Pre-Tax Contributions, Roth Contributions, After-Tax Contributions, and Catch-Up Contributions will be automatically suspended as of the date of the change of status and discontinued as of the later of two and one half
months after the change of status or the end of the Plan Year in which the change of status occurs. If a Participant’s contributions are discontinued due to a change of status of employment, his participation in the Plan upon his reemployment
will be subject to Section 3.04. If a Participant ceases to receive Compensation by reason of a layoff, an authorized leave of absence, or a change of status of employment that does not result in discontinuance of the Participant’s
contributions, the Participant’s Pre-Tax Contributions, Roth Contributions, After-Tax Contributions, and Catch-Up
Contributions will be automatically suspended at the beginning of the leave period or as of the date of the change of status of employment and will be automatically reinstated upon his return. 

 

	 	(d)	An Employer Unit may suspend a Participant’s Pre-Tax Contributions, Roth Contributions, or After-Tax Contributions at any time
if, based on the Employer Unit’s estimates, suspension appears to be necessary to avoid or reduce any year-end adjustment that it otherwise may expect to make under Section 6.02. 

 

	 	(e)	No Employee will make Pre-Tax Contributions, Roth Contributions, After-Tax Contributions, or
Catch-Up Contributions for any payroll period beginning after the effective date as set forth in Paragraph A of an applicable Exit Agreement. 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 19    

	4.07	Credit to Accounts. 

  

	 	(a)	Employer Units will make payment in cash of Pre-Tax Contributions, Roth Contributions, After-Tax Contributions, and Catch-Up Contributions to the Trustee. The Trustee will credit the amounts so received to the Pre-Tax Contribution, Roth Contribution,
After-Tax Contribution, and Catch-Up Contribution Accounts, respectively, of the appropriate Participants as soon as administratively feasible after receipt of the
amounts. 

  

	 	(b)	Each contribution made by the Employer Units pursuant to the provisions of this Article 4 is made expressly contingent on its deductibility for federal income tax purposes for the fiscal year with respect to which such
contribution is made, and no such contribution will be made for any year to the extent it would exceed the deductible limit for such year as set forth in section 404 of the Code. 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 20    

 ARTICLE 5.      EMPLOYER CONTRIBUTIONS 

 

	5.01	Matching Contributions. 

  

	 	(a)	Subject to the limitations imposed by Article 6, the appropriate Employer Unit will contribute for each Participant the lesser of: 

  

	 	(1)	the percentage specified in Paragraph E of the applicable Adoption Agreement multiplied by the sum of any Pre-Tax Contributions and Roth Contributions (not including Catch-up Contributions or amounts initially intended to be Catch-up Contributions but reclassified as Pre-Tax Contributions or Roth
Contributions pursuant to Section 6.01(b)) made on behalf of that Participant for that payroll period, or 

  

	 	(2)	the maximum Matching Contribution specified in Paragraph E of the applicable Adoption Agreement; 

provided, however, that if the Participant is an active participant in a defined benefit pension plan sponsored by the Company or an Affiliate, and
paragraph E of the applicable Adoption Agreement does not provide for Retirement Contributions and/or Retirement Incentive Contributions on behalf of any Eligible Employee, the Employer Unit will contribute for the Participant 33 1/3% of the
Participant’s Pre-Tax Contributions (but not Catch-Up Contributions), on the first 6% of such Eligible Employee’s Eligible Compensation for the applicable
payroll period, up to a maximum Matching Contribution of 2% of the Participant’s Compensation for the applicable payroll period; provided that the Matching Contribution made on behalf of any such Participant will not exceed $1,200 in any Plan
Year. 
  

	 	(b)	Employer Units will make payment in cash of Matching Contributions to the Trustee as soon as practicable after the Pre-Tax Contributions and Roth Contributions on which
such Matching Contributions are based are contributed to the Plan. Matching Contributions will be allocated to Participants’ Matching Contribution Accounts in accordance with Section 7.02(g). 

 

	5.02	Retirement Contributions. 

 Subject to the limitations imposed by Article 6, if a Participant is
eligible for a Retirement Contribution, as provided in Paragraph E of the applicable Adoption Agreement, the appropriate Employer Unit will contribute to the Plan a percentage (based upon the table set forth below) of the Compensation earned for
each payroll period during the Plan Year that the Participant is eligible for a Retirement Contribution. 
  

					
	 Total of Participant’s Age Plus

        Full Years of Service
	 	Percentage of
Compensation Up to
Taxable Wage Base	 	Percentage of
Compensation Exceeding
Taxable Wage Base
			
	 Less than 50
	 	3%	 	5%
			
	 50 or more, but less than 65
	 	4%	 	6%

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 21    

					
			
	 65 or more, but less than 75
	 	5%	 	7%
			
	 75 or more
	 	6%	 	8%

 For purposes of this Section 5.02, a Participant’s age and full Years of Service means the
Participant’s age and full Years of Service, not rounded, on the first day of the Plan Year. A Participant who is reemployed after having a Period of Severance of at least one year will not receive credit for Years of Service preceding the
Period of Severance for purposes of calculating a Retirement Contribution under this Section 5.02. 
 Retirement Contributions will be allocated
to eligible Participants’ Retirement Contribution Accounts in accordance with Section 7.02(h). 
  

	5.03	Retirement Incentive Contributions. 

 Subject to the limitations imposed by Article 6, if a
Participant who is eligible for a Retirement Contribution under Section 5.02 elects to make Pre-Tax Contributions and/or Roth Contributions to the Plan in accordance with Section 4.01 (not including Catch-Up Contributions or amounts initially intended to be Catch-Up Contributions but reclassified as Pre-Tax Contributions or Roth
Contributions pursuant to Section 6.01(b)) in an amount equal to not less than six percent (6%) of his Compensation for any payroll period, his Employer Unit will contribute to the Plan for such payroll period an amount equal to one percent (1%) of
the Participant’s Compensation for that payroll period. 
 Employer Units will make payment in cash of Retirement Incentive Contributions to the
Trustee as soon as practicable after the Pre-Tax Contributions and/or Roth Contributions on which such Retirement Incentive Contributions are based are contributed to the Plan. Retirement Incentive
Contributions will be allocated to Participants’ Retirement Incentive Contribution Accounts in accordance with Section 7.02(i). 
  

	5.04	Discretionary Contributions. 

 Subject to the limitations imposed by Article 6, an Employer Unit
may make a contribution to the Plan in such amount as the Employer Unit may, in its sole discretion, deem appropriate, and such amount may be zero. Any Discretionary Contribution will be allocated to the Discretionary Contribution Account of each
Participant who (a) is a member of a group that has been designated as included in the definition of “Eligible Employee” in Paragraph D of the appropriate Adoption Agreement, and (b) completes at least one (1) Hour of Service with the
Employer Unit during the Plan Year in the same ratio that each such Participant’s Compensation for such Plan Year bears to the total Compensation of all such eligible Participants for the Plan Year. Notwithstanding the foregoing, an Employer
Unit may provide in the written instrument providing for the Discretionary Contribution a different group of Participants or basis for allocating the Discretionary Contribution that satisfies the nondiscrimination requirements of
section 401(a)(4) of the Code and otherwise complies with the requirements of the Code and ERISA. 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 22    

	5.05	Credit to Accounts. 

 Employer Contributions made pursuant to this Article 5 for any Plan Year
will be made no later than the last day on which amounts may be deducted for federal income tax purposes for the taxable year of the Employer Unit in which the Plan Year ends. Each contribution made by Employer Units pursuant to the provisions of
this Article 5 is made expressly contingent on its deductibility for federal income tax purposes for the fiscal year with respect to which such contribution is made, and no such contribution will be made for any year to the extent it would exceed
the deductible limit for such year as set forth in section 404 of the Code. 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 23    

 ARTICLE 6.      LIMITATIONS ON CONTRIBUTIONS AND ALLOCATIONS TO 

ACCOUNTS 
  

	6.01	Limits on Employee Contributions. 

  

	 	(a)	In General.  Except as provided in Section 4.03 (with respect to Catch-Up Contributions) and Section 20.02(b), a Participant’s Pre-Tax Contributions and Roth Contributions for any calendar year will not exceed the amount set forth in section 402(g)(1) of the Code, as adjusted from time to time by the Secretary of the Treasury or by
applicable law, reduced by contributions to other plans excludible from his taxable income by reason of sections 401(k), 403(b), 408(k), or 408(p) of the Code. 

  

	 	(b)	Correction of Excess Deferrals.  If the sum of the Participant’s Pre-Tax Contributions and Roth Contributions (excluding
Catch-Up Contributions) and similar contributions to any other qualified defined contribution plan maintained by the Employer or an Affiliate on behalf of a Participant exceeds the dollar limit set forth above
for any calendar year, the Participant will be deemed to have elected a return of the contributions in excess of such limit (“excess deferrals”) from this Plan. In addition, if a Participant makes
pre-tax contributions or Roth contributions under another qualified defined contribution plan maintained by an employer other than the Employer or an Affiliate for any calendar year and those contributions
when added to his Pre-Tax Contributions and Roth Contributions under this Plan exceed the dollar limit set forth above for that calendar year, the Participant may allocate a portion of such excess deferrals to
this Plan so long as he notifies the Plan Administrator by April 1 of that following year of the amount of excess deferral allocated to this Plan. The excess deferrals, together with earnings, will be returned to the Participant no later than
April 15 following the end of the calendar year in which the excess deferrals were made. Roth Contributions will be returned first and, to the extent that the excess deferrals are more than the Participant’s Roth Contributions for the
year, then Pre-Tax Contributions equal to the remainder of the excess deferrals will be returned. The amount of excess deferrals to be returned for any calendar year will be reduced by any Pre-Tax Contributions or Roth Contributions previously returned to the Participant under Section 6.03(a) for that calendar year or re-characterized as Catch-Up Contributions contributed pursuant to Section 4.03 to the extent permitted by section 414(v) of the Code. If any Pre-Tax Contributions or Roth Contributions
returned or re-characterized under this paragraph were matched by Matching Contributions or Retirement Incentive Contributions under Sections 5.01 and 5.03, respectively, those Matching Contributions and
Retirement Incentive Contributions, together with earnings, will be forfeited and used to reduce Employer Contributions. 

  

	6.02	Limits on Annual Additions. 

  

	 	(a)	In General.  The Annual Additions to the Accounts of any Participant for a Plan Year, when added to the Annual Additions of his accounts under all other defined contribution plans maintained by the
Employer or an Affiliate, may not exceed the lesser of: 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 24    

	 	(1)	Forty-nine thousand dollars ($49,000), as adjusted in accordance with section 415(d) of the Code, or 

  

	 	(2)	One hundred percent (100%) of the Participant’s Compensation (as defined below) for the Plan Year. 

The limit referred to in subsection (2) will not apply to any contribution for medical benefits (within the meaning of section 401(h) or section
419A(f)(2) of the Code) after separation from service which is otherwise treated as an Annual Addition. 
  

	 	(b)	Correction of Excess Annual Additions. 

  

	 	(1)	If for any Plan Year the Annual Additions on behalf of a Participant exceed the limitations of subsection (a), the excess will be disposed of in accordance with the requirements of the Employee Plans Compliance
Resolution System or such other method approved by the Internal Revenue Service. 

  

	 	(2)	If the Annual Additions on behalf of a Participant for a Plan Year exceed the limitations of subsection (a) because the Participant is also participating in or has participated in a Related Plan, the Annual
Additions with respect to the Participant under the other plan will, to the extent permitted by the other plan, be suspended or reduced until the limitations are satisfied. If the Participant has Annual Additions allocated on his behalf under more
than one other Related Plan, suspensions or reductions will be made in reverse chronological order, beginning with the plan under which the Participant most recently was allocated an Annual Addition and ending with the plan under which the
Participant least recently was allocated an Annual Addition. If the other Related Plan does not permit suspensions or reductions as a result of excess annual additions, reductions or suspensions will be made under this Plan. 

 

	 	(c)	Definitions.  For purposes of this Section 6.02, the following definitions and rules of interpretation will apply: 

 

	 	(1)	Annual Additions means the sum of the following amounts: 

  

	 	(A)	Pre-Tax Contributions, Roth Contributions, After-Tax Contributions, Matching Contributions, Retirement Contributions, Retirement Incentive
Contributions, and Discretionary Contributions allocated to a Participant’s Accounts under the Plan and similar contributions allocated to a Participant’s accounts under any Related Plan during the Plan Year; 

 

	 	(B)	Forfeitures allocated to a Participant’s Accounts under this Plan and any Related Plan; 

  

	 	(C)	Any amounts allocated to an individual medical account, as defined in section 414(l)(2) of the Code, that is part of a pension or annuity plan maintained by an Employer; and 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 25    

	 	(D)	Any amounts derived from contributions for post-retirement medical benefits allocated to the separate account of a key employee (as defined in section 419(A)(d)(3) of the Code) under a welfare benefit plan (as defined
in section 419(e) of the Code) maintained by an Employer. 

  

	 	(2)	Compensation means (1) wages as defined in section 3401(a) of the Code and all other payments of compensation to an Employee by the Employer (in the course of the Employer’s trade or business) for which
the Employer is required to furnish the Employee a written statement under sections 6041(d), 6051(a)(3), and 6052 of the Code, plus (2) any amounts deducted from a Participant’s earnings on a pre-tax
basis for group health care coverage because the Employer does not request or collect information regarding the Participant’s other health care coverage as part of the enrollment process for the health plan, to the extent that the sum of these
amounts is less than the applicable limitation under section 401(a)(17) of the Code. “Compensation” will not include compensation paid or made available to the Participant after the Participant’s termination of employment with the
Employer or Affiliate, except regular pay (within the meaning of Treasury Regulation section 1.415(c)-2(e)(3)(i)) that is paid by the later of two and one-half months
after the Participant terminates employment or the end of the Plan Year. 

  

	 	(3)	Related Plan means any other plan or portion of a plan that is maintained by the Employer or an Affiliate and treated as a “defined contribution plan” under section 414(k) of the Code and Treasury
Regulation section 1.415(c)-1(a)(2). 

  

	6.03	Nondiscrimination Tests. 

  

	 	(a)	Pre-Tax Contributions and Roth Contributions.  Pre-Tax Contributions and Roth Contributions (not including Catch-Up Contributions) of a Participant in the Test Group will not be given effect and the amounts otherwise deferred will constitute first Catch-Up Contributions (to the
extent permitted under Section 4.03), and then After-Tax Contributions (to the extent permitted under Section 4.02), to the extent necessary to reduce the average of the Deferral Ratios of all
Eligible Employees in the Test Group to the greater of the following amounts (the “Maximum Ratio”): 

  

	 	(1)	1.25 times the average of the Deferral Ratios of all Eligible Employees in the Base Group for the applicable Plan Year; or 

  

	 	(2)	2.0 times the average of the Deferral Ratios of all Eligible Employees in the Base Group, but not more than this average plus 2%, for the applicable Plan Year. 

To the extent the recharacterization of Pre-Tax Contributions and Roth Contributions as Catch-Up Contributions or as After-Tax Contributions does not reduce the average of the Deferral Ratios to the amounts set forth in either subsection (1) or (2),
the adjustment will be made by calculating the dollar amount of excess contributions for each affected Highly Compensated Employee 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 26    

 
in the Test Group in the manner described in section 401(k)(8)(B) of the Code and Treas. Reg. § 1.401(k)-2(b)(2), and then returning first the
Roth Contributions and then the Pre-Tax Contributions of each such Highly Compensated Employee with the then-largest dollar amount of Pre-Tax Contributions and Roth
Contributions until the total amount of excess contributions that would be required to satisfy this subsection (a) is returned. Any amounts recharacterized pursuant to this subsection (a) will include income allocable to such amounts
accrued through a date not more than seven days before such amount is recharacterized. Any amounts returned pursuant to this subsection (a) will include income allocable to such amounts accrued through the end of the Plan Year in which such
contributions were made. The amount of income allocable to such amounts will be determined using a reasonable method that is (x) applied consistently for all corrective distributions to Participants for the Plan Year and (y) used by the
Plan for allocating income to Participants’ Accounts. Matching Contributions and Retirement Incentive Contributions (including the earnings and losses thereon, as necessary) made on amounts recharacterized or returned pursuant to this
subsection (a) will be forfeited. 
 The Plan will use the prior year testing method as provided in section 401(k)(3)(A) of the Code. 

 

	 	(b)	After-Tax Contributions, Matching Contributions, and Retirement Incentive Contributions.  The average of the Contribution Ratios of all Eligible Employees in the
Test Group may not exceed the greater of the following amounts: 

  

	 	(1)	1.25 times the average of the Contribution Ratios of all Eligible Employees in the Base Group for the applicable Plan Year; or 

  

	 	(2)	to the extent not prohibited by applicable regulations, 2.0 times the average of the Contribution Ratios of all Eligible Employees in the Base Group, but not more than this average plus 2%, for the applicable Plan Year.

 Adjustment will be made by returning the After-Tax Contributions, by forfeiting unvested
Matching Contributions or Retirement Incentive Contributions (including the earnings and losses thereon), and by distributing vested Matching Contributions or vested Retirement Incentive Contributions of each Participant in the Test Group. 

Any such adjustment will be performed in a manner consistent with that provided for Pre-Tax Contributions and
Roth Contributions in subsection (a), including the requirement to include income on amounts returned, forfeited, or distributed. The amounts forfeited pursuant to this subsection (b) will be used to reduce Matching Contributions or Retirement
Incentive Contributions for the Plan Year in which the forfeiture occurs. 
 The Plan will use the prior year testing method as provided in section
401(m)(2)(A) of the Code. 
  

	 	(c)	 Notwithstanding any provision of this Section 6.03 to the contrary, Eligible Employees who are included in a unit of
employees covered by an agreement 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 27    

	 	
that the Secretary of Labor finds to be a collective bargaining agreement will be tested separately under subsections (a) and (b) from Eligible Employees who are not included in a unit
covered by such an agreement or excluded from such testing, as permitted by applicable law. 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 28    

 ARTICLE 7.      ALLOCATION TO ACCOUNTS 

 

	7.01	Accounts. 

 The Plan Administrator will create and maintain adequate records to disclose the
interest in the Trust Fund of each Participant and Beneficiary. Such records will be in the form of individual accounts and credits and charges will be made to such accounts in the manner described in this Article 7. When appropriate, a Participant
will have any or all of the following separate accounts: a Pre-Tax Contribution Account, a Roth Contribution Account, an After-Tax Contribution Account, a Catch-Up Contribution Account, a Matching Contribution Account, a Retirement Contribution Account, a Retirement Incentive Contribution Account, a Discretionary Contribution Account, a Rollover Contribution Account,
and a Merged Plan Contribution Account. The maintenance of individual accounts is only for accounting purposes, and a segregation of the assets of the Trust Fund to each account will not be required. Distributions and withdrawals made from an
account will be charged to the account as of the date paid. 
  

	7.02	Account Allocations. 

 The Accounts of Participants and Beneficiaries will be adjusted in
accordance with the following: 
  

	 	(a)	Income.  As of each Valuation Date, each Investment Fund will be revalued separately. Based on such revaluation of the Investment Funds, each Account will be revalued as of the applicable Valuation Date
to reflect its proportionate share of investment experience since the immediately preceding Valuation Date. 

  

	 	(b)	Pre-Tax Contributions.  As of each Valuation Date, the Pre-Tax Contributions received by the Trust Fund since the
immediately preceding Valuation Date will be allocated to the Pre-Tax Contribution Accounts of the Participants on whose behalf such contributions were made. 

 

	 	(c)	Roth Contributions.  As of each Valuation Date, the Roth Contributions received by the Trust Fund since the immediately preceding Valuation Date will be allocated to the Roth Contribution Accounts of
the Participants on whose behalf such contributions were made. 

  

	 	(d)	After-Tax Contributions.  As of each Valuation Date, the After-Tax Contributions received by the Trust Fund since the
immediately preceding Valuation Date will be allocated to the After-Tax Contribution Accounts of the Participants on whose behalf such contributions were made. 

 

	 	(e)	Catch-Up Contributions.  As of each Valuation Date, the Catch-Up Contributions received by the Trust Fund since the
immediately preceding Valuation Date will be allocated to the Catch-Up Contribution Accounts of the Participants on whose behalf such contributions were made. A Catch-Up
Contribution Account will consist of the following subaccounts: 

  

	 	(1)	A Pre-Tax Catch-Up Subaccount, to which any pre-tax
Catch-Up Contributions are credited; and 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 29    

	 	(2)	A Roth Catch-Up Subaccount, to which any Roth Catch-Up Contributions are credited. 

 

	 	(f)	Rollover Contributions.  As of each Valuation Date, the Rollover Contributions received by the Trust Fund since the immediately preceding Valuation Date will be allocated to the Rollover Contribution
Accounts of the Participants on whose behalf such contributions were made. The Rollover Contribution Account will consist of the following subaccounts: 

  

	 	(1)	A Pre-Tax Rollover Subaccount, to which any pre-tax rollover contributions are credited; 

 

	 	(2)	A Roth Rollover Subaccount, to which any Roth rollover contributions are credited; and 

  

	 	(3)	An After-Tax Rollover Subaccount, to which any after-tax rollover contributions are credited. 

 

	 	(g)	Matching Contributions.  As of each Valuation Date, the Matching Contributions received by the Trust Fund since the immediately preceding Valuation Date will be allocated to the Matching Contribution
Accounts of the Participants on whose behalf such contributions were made. 

  

	 	(h)	Retirement Contributions.  As of each Valuation Date, the Retirement Contributions received by the Trust Fund since the immediately preceding Valuation Date will be allocated to the Retirement
Contribution Account of the Participants on whose behalf such contributions were made. 

  

	 	(i)	Retirement Incentive Contributions.  As of each Valuation Date, the Retirement Incentive Contributions received by the Trust Fund since the immediately preceding Valuation Date will be allocated to the
Retirement Incentive Contribution Accounts of the Participants on whose behalf such contributions were made. 

  

	 	(j)	Discretionary Contributions.  As of each Valuation Date, the Discretionary Contributions received by the Trust Fund since the immediately preceding Valuation Date will be allocated to the Discretionary
Contribution Accounts of the Participants on whose behalf such contributions were made. 

  

	 	(k)	Merged Plan Contributions.  As of each Valuation Date, the Merged Plan Contributions received by the Trust Fund since the immediately preceding Valuation Date will be allocated to the Merged Plan
Contribution Accounts of the Participants on whose behalf such contributions were received. 

  

	7.03	Statement of Accounts. 

 The Plan Administrator will furnish each Participant, each Alternate
Payee, and each Beneficiary of a deceased Participant, at least quarterly, a statement showing the value of his Accounts, the allocations to and distributions from his Accounts, and such other information as may be required by applicable law. No
statement will be provided to a 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 30    

 
Participant or Beneficiary after the Participant’s entire vested and nonforfeitable interest in his Accounts is distributed. 

 

	7.04	Allocations Do Not Create Rights. 

 No Participant will acquire any right to or interest in any
specific asset of the Trust Fund merely as a result of the allocations provided for in the Plan. 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 31    

 ARTICLE 8.      INVESTMENT ELECTIONS 

 

	8.01	Investment Funds. 

  

	 	(a)	The Plan Administrator has the authority to direct the Trustee to maintain the assets of the Trust Fund in multiple Investment Funds so as to provide alternative investment vehicles for the assets of the Plan. The Plan
Administrator, in its sole discretion, has the authority to establish the number and type of Investment Funds, to establish additional Investment Funds (including the authority to establish a default fund) and to close, limit, or eliminate the
availability of any of the Investment Funds. 

 Such separate Investment Funds may include a loan fund. The Loan Fund is not available
to receive contributions and transfers of funds at the direction of a Participant, but will be administered solely in connection with loans to Participants pursuant to Article 11. 

The Plan Administrator will have the authority (1) to charge any applicable fee against the appropriate Participant’s (or Beneficiary’s
or Alternate Payee’s, as applicable) Accounts, and (2) to refuse any investment instruction that would violate an incorporated policy or practice. 

Dividends, interest, and other distributions received on the assets held by the Trustee in each of the Investment Funds will be reinvested in that
Investment Fund. 
  

	 	(b)	Company Stock Fund.  The Company Stock Fund will be an Investment Fund under the Plan. 

  

	 	(1)	The Company Stock Fund will not be a managed investment fund and will be invested primarily in Company Stock at all times. The Company Stock Fund will be a unitized fund and as such will include cash or short-term
liquid investments. The Plan Administrator will, after consultation with the Trustee, establish and communicate to the Trustee in writing a target liquidity percentage and drift allowance for such short-term liquid investments. 

 

	 	(2)	 The Company, as the settlor of the Plan, intends the Company Stock Fund to offer eligible employees opportunities to invest
indirectly in Company Stock and to participate in the performance of Company Stock on terms similar to those that apply to Company shareholders. The Company intends the Company Stock Fund to offer such opportunities over an indefinite period of time
during which the performance of Company Stock could vary widely. The Company intends the Company Stock Fund to continue to offer such opportunities under all market conditions and regardless of the current, recent, or historical performance of the
Company or Company Stock (for example, regardless of whether, over any period of time (of whatever duration), the Company pays dividends to its shareholders and regardless of whether, over any period of time (of whatever duration), the market price
of Company Stock (I) rises or falls, (II) is volatile or stable, or (III) is high or low in relation to any 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 32    

	 	
reference point). The Company recognizes that an investment in an undiversified fund, such as the Company Stock Fund, is subject to greater risk than is an investment in a diversified fund, and
the Company expects eligible employees to take that greater risk into account when deciding whether to participate (or to continue participating) in the Company Stock Fund. 

 

	 	(3)	Because the purpose of the Company Stock Fund is to offer Eligible Employees opportunities to invest indirectly in Company Stock and to participate in the performance of such stock on terms similar to those that apply
to Company shareholders, the Plan’s fiduciaries and administrators will not (I) disclose material non-public information regarding the Company or Company Stock to the Plan, to the Trustee or other
Plan fiduciaries, or to Participants or their Beneficiaries or Alternate Payees before such information is publicly disclosed or (II) based on such non-public information (and before such information is
publicly disclosed), cause the Plan, the Trustee or other Plan fiduciaries, or Participants or their Beneficiaries or Alternate Payees to take any action with respect to Company Stock (such as buying or selling Company Stock or directing funds into
or out of the Company Stock Fund). 

  

	 	(4)	Dividends received by the Company Stock Fund will be reinvested in additional shares of Company Stock (to the extent it is unnecessary to retain such dividends as cash to maintain the target liquidity percentage)

  

	 	(c)	The Plan will comply with the diversification requirements of section 401(a)(35) of the Code and Treasury regulations and other applicable guidance issued thereunder. In this respect, a Participant, Beneficiary, or
Alternate Payee will be eligible to transfer all or part of the portion of his Account that is invested in the Company Stock Fund to any of the other available Investment Funds (to the extent available for transfers in), as provided in
Section 8.03. In addition: 

  

	 	(1)	The Investment Funds described in subsection (a) will include not less than three Investment Funds, other than the Company Stock Fund, into which a Participant, Beneficiary, or Alternate Payee may elect to transfer
amounts invested in the Company Stock Fund. Each such additional Investment Fund will be diversified and have materially different risk and return characteristics. 

 

	 	(2)	As currently provided in Section 8.03, Participants, Beneficiaries, and Alternate Payees will be provided with reasonable, periodic opportunities to direct the transfer described in paragraph (1), occurring not
less frequently than quarterly; and 

  

	 	(3)	except as provided in Treasury regulations and other applicable guidance, will not impose restrictions or conditions with respect to investment in the Company Stock Fund (other than restrictions or conditions imposed by
reason of securities laws or designed to ensure compliance with such laws) which are not imposed on investments in other Investment Funds. 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 33    

	 	(4)	The Plan Administrator will notify Participants, Beneficiaries, and Alternate Payees of their diversification rights at the time, in the manner, and to the extent required pursuant to section 101(m) of ERISA and
regulations and other guidance issued thereunder. 

  

	8.02	Investment Direction. 

 Amounts paid to Participants’ Accounts will be invested in such
Investment Fund or Funds as the Participant will direct in an application filed with the Plan Administrator in such manner and form, and at such time, as the Plan Administrator prescribes; provided however, that: 

 

	 	(a)	the amounts to be invested in the Investment Funds will be in integral multiples of one percent (1%) of the amounts contributed by or on behalf of the Participant under the Plan; 

 

	 	(b)	that the sum of such percentages does not exceed 100 percent (100%); and 

  

	 	(c)	the Participant may not elect for more than twenty-five percent (25%) of future contributions to be invested in the Company Stock Fund and may not elect to transfer amounts from other Investment Funds that would cause
more than twenty-five percent (25%) of the value of his Accounts to be allocated to the Company Stock Fund. 

 A Participant’s
investment election for his Pre-Tax Contributions (or Roth Contributions if no Pre-Tax Contributions) will also apply to his Roth Contributions, After-Tax Contributions, Catch-Up Contributions, Retirement Contributions, Retirement Incentive Contributions, and Matching Contributions unless the Participant elects
otherwise in accordance with the Plan Administrator’s rules. If the Participant fails to make an investment election for all or any portion of his Account, the Trustee will invest the portion of the Participant’s Accounts for which no
election is made in the default Investment Fund selected by the Plan Administrator. If part of a Participant’s Accounts are invested in an Insurance Contract, his investment directions will be subject to the additional rules provided in Section
8.06(c). 
  

	8.03	Change in Investment Direction. 

 Any investment direction by a Participant pursuant to
Section 8.02 will be deemed a continuing direction until changed by the Participant. A Participant may change his election by submitting his request with the Plan Administrator in the manner and form, and at such time, as the Plan Administrator
prescribes; provided however, that the change in investment direction meets the requirements of Section 8.02. Such change will be implemented in accordance with the conditions and procedures prescribed by the Plan Administrator. 

 

	8.04	Voting of Company Stock. 

 Each Participant with an interest in the Company Stock Fund will have
the right to direct the Trustee as to the manner in which the Trustee is to vote (including not to vote) that number of shares of Company Stock reflecting such Participant’s proportional interest in the Company Stock Fund. Directions from a
Participant to the Trustee concerning the 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 34    

 
voting of Company Stock will be communicated in writing, or by such other means as is agreed upon by the Trustee and the Company. These directions will be held in confidence by the Trustee and
will not be divulged to the Company, or any officer or employee thereof, or any other person except to the extent that the consequences of such directions are reflected in reports regularly communicated to any such persons in the ordinary course of
the performance of the Trustee’s services. Upon its receipt of the directions, the Trustee will vote the shares of Company Stock reflecting the Participant’s proportional interest in the Company Stock Fund as directed by the Participant.
Except as otherwise required by law, the Trustee will vote shares of Company Stock reflecting the Participant’s proportional interest in the Company Stock Fund for which it has received no direction from the Participant in the same proportion
on each issue as it votes those shares reflecting Participants’ proportional interests in the Company Stock Fund for which the Trustee has received voting directions from Participants. 

 

	8.05	Tender and Exchange Offers. 

 Each Participant with an interest in the Company Stock Fund will
have the right to direct the Trustee to tender or not to tender some or all of the shares of Company Stock reflecting such Participant’s proportional interest in the Company Stock Fund. Directions from a Participant to the Trustee concerning
the tender of Company Stock will be communicated in writing, or by such other means as is agreed upon by the Trustee and the Company. These directions will be held in confidence by the Trustee and will not be divulged to the Company, or any officer
or employee thereof, or any other person except to the extent that the consequences of such directions are reflected in reports regularly communicated to any such persons in the ordinary course of the performance of the Trustee’s services. The
Trustee will tender or not tender shares of Company Stock as directed by the Participant. Except as otherwise required by law, the Trustee will not tender shares of Company Stock reflecting a Participant’s proportional interest in the Company
Stock Fund for which it has received no direction from the Participant. 
 A Participant who has directed the Trustee to tender some or all of the
shares of Company Stock reflecting the Participant’s proportional interest in the Company Stock Fund may, at any time before the tender offer withdrawal deadline, direct the Trustee to withdraw some or all of the tendered shares reflecting the
Participant’s proportional interest, and the Trustee will withdraw the directed number of shares from the tender offer before the tender offer withdrawal deadline. A Participant will not be limited as to the number of directions to tender or
withdraw that the Participant may give to the Trustee. 
 A direction by a Participant to the Trustee to tender shares of Company Stock reflecting the
Participant’s proportional interest in the Company Stock Fund, will not be considered a written election under the Plan by the Participant to withdraw, or have distributed, any or all of his withdrawable interest in the Plan. The Trustee will
credit to each proportional interest of the Participant from which the tendered shares were taken the proceeds received by the Trustee in exchange for the shares of Company Stock tendered from the interest. Pending receipt of directions from the
Participant or the Plan Administrator, in accordance with the Plan, as to which of the remaining Investment Funds the proceeds should be invested in, the Trustee will invest the proceeds in such Investment Fund as the Plan Administrator may
prescribe in its discretion. 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 35    

 All of the provisions of this Section 8.05 will apply to exchange offers as well as to tender offers.

  

	8.06	Insurance Contract. 

  

	 	(a)	Insurance Contracts are offered as an Investment Fund with respect to Participants who elected to make contributions to the Insurance Contracts or to transfer amounts from other Investment Funds to the Insurance
Contract before January 1, 1987. No Participants are permitted to make an initial election to contribute to the Insurance Contracts pursuant to Section 8.02 or 8.03. Subject to the provisions of this Section 8.06, Participants who
elected to make contributions to the Insurance Contracts before January 1, 1987, may increase the amount their Accounts contributed to Insurance Contracts to an amount equal to the premium costs associated with such Insurance Contracts.
Participants are permitted to transfer amounts invested in an Insurance Contract to other Investment Funds pursuant to Section 8.03 only at the times and to the extent permitted under the Insurance Contract. 

 

	 	(b)	The premiums for such Insurance Contracts are paid from the amounts allocated to the Participant’s Accounts, as designated by the Participant, from future contributions made on behalf of the Participant and from
any amounts paid with respect to the Insurance Contract. If such amounts are insufficient to pay any premiums due on the Insurance Contract, the Plan Administrator will notify the Participant and the Insurance Contract will be surrendered to the
insurance company and the proceeds will be invested in either the default Investment Fund selected by the Plan Administrator as the Participant so elects in accordance with Section 8.03, after being notified by the Plan Administrator that the
Insurance Contract has been surrendered. Alternatively, the Participant may elect to have the Trustee pay the premiums on such Insurance Contract from the portion of the Participant’s Accounts invested in any other Investment Fund.

  

	 	(c)	If a Participant is permitted to invest a portion of his Account or future contributions in an Insurance Contract, the following rules apply to his investment directions: 

 

	 	(1)	The provisions of Sections 8.02(b) and 8.02(c) will apply to any amounts contributed by or on behalf of the Participant under the Plan that remain after the appropriate amount is allocated to Insurance Contracts. For
example, the Participant cannot elect for more than 25% of the value of his Account that is not invested in Insurance Contracts to be invested in the Company Stock Fund. 

 

	 	(2)	The aggregate premiums paid for term life insurance under any Insurance Contract may not exceed 25 percent (25%), nor may the aggregate premiums paid for whole life insurance under any Insurance Contract exceed
50 percent (50%) of the Participant’s Pre-Tax Contribution Account, Catch-up Contribution Account, Employer Matching Contribution Account, and Rollover
Account, at any particular time. 

  

	 	(d)	 After a Participant terminates employment with the Employer, the Participant may elect to terminate any Insurance Contract
in which a portion of his Account is 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 36    

	 	
invested. If the Participant elects to terminate the Insurance Contract, he will receive the entire value of an Insurance Contract as a single lump sum cash distribution. 

 

	8.07	Additional Rules. 

  

	 	(a)	If a Participant dies, his Beneficiary has the same investment election rights as the Participant had before his death, until the Participant’s Account is distributed to the Beneficiary. 

 

	 	(b)	The Plan is intended to constitute a plan described in section 404(c) of ERISA and Title 29 of the Code of Federal Regulations, section 2550.404c-1. As such, the Plan’s
fiduciaries will be relieved of liability for any losses that are the direct and necessary result of investment instructions given by a Participant or a Beneficiary. 

 

	 	(c)	Each Participant is solely responsible for the selection of his investment options. The Trustee, the Plan Administrator, the Employer, and the officers, supervisors and other employees of the Employer are not empowered
to advise a Participant as to the manner in which his accounts will be invested. The fact that an Investment Fund is available to Participants for investment under the Plan will not be construed as a recommendation for investment in that particular
Investment Fund. 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 37    

 ARTICLE 9.      VESTING 

 

	9.01	Immediate Vesting. 

 A Participant will at all times be 100% vested in and have a nonforfeitable
right to the value of his Pre-Tax Contribution Account, his Roth Contribution Account, his After-Tax Contribution Account, his
Catch-Up Contribution Account, his Matching Contribution Account, and his Rollover Contribution Account. A Participant will be 100% vested in and have a nonforfeitable right to the value of his Discretionary
Contribution Account unless otherwise provided in the written instrument providing for the Discretionary Contribution. 
  

	9.02	Delayed Vesting. 

 Unless an event described in Section 9.03 occurs earlier, a Participant
will be 100% vested in and have a nonforfeitable right to the value of his Retirement Contribution Account and his Retirement Incentive Contribution Account after completing three (3) Years of Service. 

 

	9.03	Vesting Upon Certain Events. 

 Each Participant will become fully vested in his Retirement
Contribution Account and his Retirement Incentive Contribution Account upon the first to occur of the following events: 
  

	 	(a)	death while employed by the Employer and or an Affiliate; 

  

	 	(b)	employment with the Employer and its Affiliates that terminates at or after the later of (1) a Participant’s 65th birthday or (2) the fifth (5th) anniversary of the Participant’s commencement of participation in the Plan; 

  

	 	(c)	becoming Disabled while employed by the Employer or an Affiliate; 

  

	 	(d)	termination of the Plan; 

  

	 	(e)	a partial termination of the Plan applicable to the Participant as provided in Section 18.02; or 

  

	 	(f)	upon a sale or closing of a covered location, to the extent set forth in an applicable Exit Agreement. 

  

	9.04	Forfeitures. 

  

	 	(a)	Upon termination of employment, a Participant who is not fully vested in his Retirement Contribution Account or Retirement Incentive Contribution Account will forfeit the entire unvested amounts in these Accounts as of
the earlier of (1) the date on which he receives a distribution of his Retirement Contribution Account or Retirement Incentive Account, as applicable, or (2) the date on which he incurs a Period of Severance of at least five
(5) years. 

  

	 	(b)	 Any amounts forfeited under subsection (a) will be restored if the Participant is reemployed with the Employer or an
Affiliate before incurring a Period of 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 38    

	 	
Severance of at least five (5) years. Such restored amounts will be allocated to the Participant’s Retirement Contribution Account and his Retirement Incentive Account. In addition, for
purposes of Section 9.02, the Participant’s vested right to the amount so contributed will be determined based upon his Years of Service completed both before and after his Period of Severance. 

 

	 	(c)	If a Participant who was eligible to receive Retirement Contributions or Retirement Incentive Contributions incurs a Period of Severance of less than five (5) consecutive years, such Employee’s Years of
Service completed before the Period of Severance will be taken into account to determine the vested percentage of his Retirement Contribution Account or Retirement Incentive Contribution Account upon his reemployment by an Employer or an Affiliate,
whether or not the Participant is again eligible to receive Retirement Contributions or Retirement Incentive Contributions. 

  

	 	(d)	Retirement Contributions or Retirement Incentive Contributions forfeited in any Plan Year pursuant to this Section 9.04 will be applied (1) to reduce any future Employer Contributions, or (2) to pay
reasonable expenses of administering the Plan. Any forfeitures used to reduce future Employer Contributions may be allocated among the types of Employer Contributions in any manner that the Plan Administrator or their designee deems to be
appropriate. 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 39    

 ARTICLE 10.      WITHDRAWALS DURING EMPLOYMENT 

 

	10.01	Limited In-Service Withdrawals. 

 A Participant who has
not terminated employment may request a distribution of all or part of his Account only as follows: 
  

	 	(a)	Age 59 1⁄2.  A Participant who has attained age 59 1⁄2 may request a distribution of the sum of the
outstanding balances in his Pre-Tax Contribution Account, Roth Contribution Account, After-Tax Contribution, Catch-Up
Contribution Account, vested Matching Contribution Account, and Rollover Contribution Account at any time less any outstanding loan the Participant may have. Such distribution will be made as soon as practicable following the Plan
Administrator’s receipt of the Participant’s request for withdrawal in the form and manner required by the Plan Administrator and will be made in the form of a single lump sum payment. 

 

	 	(b)	After-Tax Contribution Account.  A Participant may withdraw all or part of his After-Tax Contribution Account, including after-tax contributions that have been transferred to the Plan from a plan that is merged into the Plan pursuant to Section 18.04; provided, however, that (i) the minimum withdrawal shall be $1,000 (or, if
less, the balance of the Participant’s After-Tax Contribution Account), and (ii) a Participant may request only one such withdrawal in any Plan Year. The limits on the amount and frequency of
withdrawals shall not apply to after-tax contributions that have been transferred to the Plan from a plan that is merged into the Plan pursuant to Section 18.04. If a Participant’s After-Tax Contribution Account includes amounts attributable to after-tax contributions made before January 1, 1987, such contributions shall be withdrawn before amounts
attributable to after-tax contributions made after December 31, 1986, or earnings on pre-1987 after-tax contributions.

  

	 	(c)	Hardship Withdrawal.  A Participant may request a hardship withdrawal to the extent permitted by Section 10.02. 

 

	10.02	Hardship Withdrawals. 

  

	 	(a)	A Participant who has not terminated employment may request, in the manner prescribed by the Plan Administrator, a distribution in the event the Participant has a hardship as defined in subsections (b) and (c).
Hardship withdrawals are limited to the excess of (1) the sum of the Participant’s Rollover Contribution Account, Pre-Tax Contribution Account (excluding earnings), Roth Contribution Account
(excluding earnings), Catch-Up Contribution Account (excluding earnings), and After-Tax Contribution Account (excluding earnings) over (2) the sum of (i) any
outstanding loan the Participant may have and (ii) the sum of all prior distributions from such Accounts. 

  

	 	(b)	A distribution will be made on account of hardship only if the distribution is necessary to satisfy an immediate and heavy financial need of the Participant. For purposes of this Plan, a distribution is made on account
of an immediate and heavy financial need of the Participant only if the distribution is for: 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 40    

	 	(1)	expenses for (or necessary to obtain) medical care that would be deductible under section 213(d) of the Code (determined without regard to whether the expenses exceed the adjusted gross income threshold specified in
section 213(a) of the Code); 

  

	 	(2)	costs directly related to the purchase of a principal residence for the Participant (excluding mortgage payments); 

  

	 	(3)	the payment of tuition, related educational fees, room and board for up to the next twelve (12) months of post-secondary education for the Participant, his or her Spouse, children, or dependents (as defined in Code
section 152, but without regard to sections 152(b)(1), (b)(2), and (d)(1)(B)); 

  

	 	(4)	payments necessary to prevent eviction of the Participant from his principal residence or foreclosure on the mortgage of the Participant’s principal residence; 

 

	 	(5)	the payment of burial or funeral expenses for the Participant’s deceased Spouse, child, parent other dependents (as defined in Code section 152, but without regard to section 152(d)(1)(B)); or 

 

	 	(6)	expenses for the repair of damage to the Participant’s principal residence that would qualify for the casualty deduction under section 165 of the Code (determined without regard to whether the loss exceeds 10% of
adjusted gross income). 

  

	 	(c)	A distribution will be considered necessary to satisfy an immediate and heavy financial need of the Participant only if all three (3) of the following requirements are satisfied: 

 

	 	(1)	the distribution is not in excess of the amount required to relieve the immediate and heavy financial need of the Participant (taking into account the taxable nature of the distribution); 

 

	 	(2)	the Participant has obtained (or is currently obtaining) all distributions, withdrawals, and loans available under the Plan and all other plans maintained by any Employer or any Affiliate other than hardship
distributions and the Participant represents in writing, on forms provided by the Plan Administrator and by providing any documentation required by the Plan Administrator, that the need cannot be relieved through reimbursement or compensation by
insurance or otherwise, by reasonable liquidation of the Participant’s assets, to the extent such liquidation would not itself cause an immediate and heavy financial need, by cessation of Pre-Tax, Roth, After-Tax, and Catch-Up Contributions under the Plan, by withdrawals, distributions (other than hardship distributions) or nontaxable loans (at the time of the loan) from any
plan maintained by any other entity by which the Participant is employed, or by borrowing from commercial sources on reasonable commercial terms; and 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 41    

	 	(3)	the Plan Administrator determines that it can reasonably rely on the Participant’s written representation. 

  

	 	(d)	Distributions pursuant to this Section will be made as soon as practicable following the Plan Administrator’s approval of the Participant’s written request for withdrawal and will be made in the form of a
single lump sum payment. The Plan Administrator may request any documentation it may require from a Participant to make a determination that the Participant is eligible for a hardship withdrawal. 

 

	 	(e)	A Participant who receives a hardship withdrawal under this Section 10.02 will be prohibited from making Pre-Tax, Roth, After-Tax, or Catch-Up Contributions under this Plan and elective deferrals and employee contributions under all other plans of the Employer or an Affiliate for six months after receipt of the distribution. 

 

	 	(f)	A hardship withdrawal fee, in an amount to be determined by the Plan Administrator annually, may be charged to each Participant receiving an approved hardship withdrawal and will be deducted from the Participant’s
Account. 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 42    

 ARTICLE 11.        LOANS 

 

	11.01	In General. 

 The Plan Administrator is authorized to administer a loan program under the Plan,
pursuant to this Article 11. The loan program and this Article 11 are intended to comply with the requirements of section 4975(d)(1) of the Code and section 408(b)(1) of ERISA, and the regulations thereunder. 

 

	11.02	Eligibility for Loans. 

 Loans will be made available to Participants. Beneficiaries and Alternate
Payees are not eligible to receive loans under the Plan. 
  

	11.03	Application for Loans. 

 A Participant may borrow from the Plan a portion of the balance of his
Accounts, excluding his Retirement Contribution Account or Retirement Incentive Contribution Account, by making application to the Plan Administrator in writing on a form designated by the Plan Administrator. 

 

	11.04	Treatment of Loans and Loan Repayments. 

  

	 	(a)	The value of the Participant’s affected Accounts then invested in Investment Funds will be liquidated on a pro rata basis to the extent required to provide sufficient cash to make the loan, provided that no portion
of a borrowed amount will be charged against Insurance Contracts unless value of amounts held in other Investment Funds is less than the borrowed amount and then only to the extent permitted under the Insurance Contract. The cash will be transferred
to the Loan Fund from which all loans will be made. 

  

	 	(b)	The investment earnings of the Loan Fund that are attributable to any loan made or renegotiated pursuant to the promissory note (including the interest on any such loan) will be allocated to a separate loan account
established on behalf of the Participant who made or renegotiated the loan. 

	 	

	 	(c)	As of each Valuation Date, the interest allocated pursuant to subsection (b), above, will be reallocated among and invested in the then available Investment Funds in the same proportions as the current Employee and
Employer Contributions on behalf of the Participant are invested; provided that if no such contributions are being made on behalf of the Participant as of such Valuation Date, such interest will be invested in accordance with the Participant’s
most recent allocation election pursuant to Section 8.02 or 8.03 or, if the Participant fails to make an allocation election, in accordance with the default allocation provided under Section 8.02. 

	 	

	 	(d)	 A Participant’s repayment of the principal of a loan will reduce the Participant’s interest in the Loan Fund and
will be invested as soon as practicable in the then available Investment Funds first, to repay any amount that may have been borrowed under the terms of any Insurance Contracts allocated to the Participant’s Accounts if such loan was originally
charged against such Insurance 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 43    

	 	
Contracts and second, in the same proportions as the current Employee and Employer Contributions on behalf of each such Participant are invested; provided that if no such contributions are then
being made on behalf of the Participant, such repayments will be invested in accordance with the Participant’s most recent allocation election pursuant to Section 8.02 or 8.03 or, if the Participant fails to make an allocation election, in
accordance with the default allocation provided under Section 8.02 of the Plan. 

  

	11.05	Terms and Conditions of Loans. 

 All loans pursuant to the loan program will be made to
Participants on the following terms and conditions: 
  

	 	(a)	Amount.  A loan will not be made to a Participant pursuant to the loan program unless, immediately after the loan is approved, the total outstanding balance of all loans made to the Participant pursuant
to the loan program (including the loan that is then being approved) does not exceed 50% of the vested balance of the Participant’s Account less the value of the sum of any Retirement Contribution Account and Retirement Incentive Contribution
Account; nor may any single loan pursuant to the loan program be for an amount that is: 

  

	 	(1)	more than $50,000 (reduced by the excess (if any) of the highest outstanding balance of the loans made to the Participant pursuant to the loan program during the one-year period
ending on the day before the date on which the loan is made over the outstanding balance of the loans made to the Participant pursuant to the loan program on the date on which the loan is made), or 

 

	 	(2)	less than $1,000. 

  

	 	(b)	Number of Outstanding Loans.  A Participant may have no more than two (2) outstanding loans at any time. If a Participant already has an outstanding loan from his Accounts, he may apply for a
second loan, provided that (1) the application is made no sooner than six (6) months after the last loan application, (2) the limits described in subsection (a) are not exceeded by the total outstanding balance of the two loans,
and (3) if the proceeds of the first loan were intended to be used by the Participant to acquire the principal residence of the Participant, notwithstanding anything to the contrary in subsection (a), the proceeds of the second loan may not be
used to acquire a principal residence and the Participant will be required to repay the amount of the second loan within five (5) years of the date of the loan. 

 

	 	(c)	Loan Terms Must Be In Writing.  The loan will be evidenced in a written instrument for the amount of the loan plus interest, executed by the Participant, on which the Participant will be personally
liable and which will be payable to the Trustee. The written instrument will state the terms of the loan. The written instrument for the loan and the instrument granting the Plan a security interest in the Participant’s Account will be executed
by the Participant. 

  

	 	(d)	 Security.  The loan will be secured by the Participant’s entire right, title, and interest in and to
the portion of the balance of the Participant’s Account equal to 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 44    

	 	
the amount of the loan (up to 50% of the vested balance, excluding the balance in any Retirement Contribution Account or Retirement Incentive Contribution Account, as of the time the loan is
made). The Plan Administrator may request such other or further security as it deems necessary and prudent from time to time, in order to protect the Plan from risk of loss of principal or income if a default were to occur. 

 

	 	(e)	Term of Loan.  The term of the loan will be for at least 1 and not more than 5 years from the disbursement of the loan, except that the term of a loan to purchase principal residence for the Participant
may be for not more than 10 years. 

  

	 	(f)	Interest.  The unpaid balance of any loan will bear interest at a reasonable fixed rate as determined by the Plan Administrator based on interest rates charged by commercial lending institutions for
loans that would be made under similar circumstances. 

  

	 	(g)	Repayment of Loan. 

  

	 	(1)	Generally.  The repayment of the loan will be made by payroll deduction, authorized by the Participant at the time of applying for the loan, in a level amount sufficient to amortize the balance of the
loan, together with interest, over the term of the loan; provided that the Participant may prepay the loan in full, without penalty, at any time by payment in cash; and further provided that, if the Participant’s Compensation is insufficient to
permit the repayment of the loan, together with interest, by payroll deduction, the Participant will make payments in cash of amounts sufficient to amortize the balance of the loan, together with interest, over the term of the loan. Payroll
deductions will commence as of the payday for the first payroll period beginning on or after the date as of which the loan is made, or as soon thereafter as practicable, and will be made with the same frequency as the Participant is paid but not
less frequently than quarterly. 

  

	 	(2)	Leaves of Absence.  If a Participant becomes Disabled or is on an approved unpaid leave of absence, the Plan Administrator may, in its sole discretion, waive payments for up to one (1) year and re-amortize the loan and establish a new loan payment schedule pursuant to which the loan will be repaid in full by the original maturity date of the Participant’s note and the number of installments due after
the leave ends is not less than the number required under the terms of the original loan. 

  

	 	(3)	Military Service.  If a Participant is absent during a period of qualified military service (within the meaning of Section 20.01, repayment will be waived during such period and, upon the
Participant’s reemployment by an Employer within the time during which the Participant’s right to reemployment is protected by applicable law, the loan payment schedule will resume with the original maturity date of the promissory note
adjusted to reflect the period of qualified military service. 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 45    

	 	(h)	Default.  A failure to make a scheduled payment, or the filing of an application for a benefit distribution (other than a hardship withdrawal pursuant to Section 10.02 or a distribution on or after
a Participant reaches age 59 1/2 pursuant to Section 10.01(a)) under this Plan, or any other default event set forth by the Plan Administrator in the promissory notice for a Participant’s loan will constitute events of default. If a Participant
defaults on a loan and such failure is not cured on or before the last day of the quarter next following the quarter in which the event of default occurs, the unpaid principal and accrued interest due under the loan will be declared immediately
payable in full and may be charged back against the Participant’s Accounts as a distribution at the earliest time that the Participant is entitled to receive a distribution under this Plan. 

 

	 	(i)	Loan Fees.  A loan origination fee, in an amount determined by the Plan Administrator annually, may be charged to each Participant obtaining a loan and will be deducted from the loan proceeds. In
addition, a loan maintenance fee, in an amount determined by the Plan Administrator, may be charged to each Participant and will be deducted from such Participant’s Accounts for each Plan Year during which such loan is outstanding.

  

	11.06	Rollover Loans. 

 The Plan Administrator may, in its sole discretion, accept a rollover loan if
permitted under Paragraph F of the applicable Adoption Agreement. Such loans will be subject to such rules and regulations as the Plan Administrator in its discretion may establish; provided, that unless expressly provided otherwise in an applicable
Adoption Agreement, (a) a rolled over loan will not be accepted unless the entire account from which the loan was taken is transferred to the Plan, (b) any rolled over loan will remain subject to the terms of the promissory note in effect
at the time of the rollover, and (c) a rolled over loan will count toward the limits set forth in Section 11.05 on the number of loans that may be outstanding. 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 46    

 ARTICLE 12.    DISTRIBUTION OF ACCOUNTS 

 

	12.01	Distribution Events. 

 If a Participant ceases to be an Employee or becomes Disabled while
employed, all of his Accounts to the extent then vested under Article 9 will become distributable unless the Plan Administrator determines in good faith that under applicable law distribution cannot be made without risking the continuing qualified
status of the Plan. 
  

	12.02	Forms of Distribution. 

  

	 	(a)	When an Account becomes distributable to a Participant or Beneficiary, the Plan Administrator will direct the Trustee to distribute the Account in accordance with clause (1), (2) or (3) below: 

 

	 	(1)	If a Participant ceases to be an Employee on account of death, the vested portion of his Account will be distributed to his Beneficiary in the form of a lump sum. 

 

	 	(2)	If a Participant ceases to be an Employee before reaching Normal Retirement Age, the vested portion if his Account will be distributed to him in the form of a lump sum. 

 

	 	(3)	If a Participant ceases to be an Employee after reaching Normal Retirement Age or becomes Disabled, the Participant may elect, in accordance with procedures established by the Plan Administrator regarding the election
of distributions to receive the vested portion of his Account in one of the following forms: 

  

	 	(A)	one lump sum payment; 

  

	 	(B)	payments made over a certain period specified by the Participant in monthly, quarterly, or semi-annual installments provided, however, that the period over which such payments are to be made may not exceed 15 years or,
if shorter, the life expectancy of the Participant. In order to provide installment payments, the Plan Administrator will invest the remaining balance held in the Participant’s Account in accordance with Sections 8.02 or 8.03 pursuant to the
instructions of the Participant. An annual administrative fee will be deducted from the Participant’s Account for installment payments in an amount determined by the Trustee. 

 

	 	(b)	Distributions will be in the form of cash, except that a Participant or Beneficiary whose benefit will be paid in the form of a lump sum, may request that any portion of the Participant’s Account that is invested
in the Company Stock Fund or in shares of any other Investment Fund be distributed in shares of Company Stock or shares held in any other Investment Fund, plus cash for any fractional shares. 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 47    

	12.03	Timing of Distributions. 

  

	 	(a)	Any distribution will be made as soon as administratively practicable after the Participant or Beneficiary, as the case may be, returns a completed benefit distribution form to the Plan Administrator. Subject to
subsections (c) or (d), a Participant’s Account must be distributed no later than the 60th day after the close of the Plan Year in which the latest of the following events occurs: 

 

	 	(1)	the Participant attains age sixty-five (65); 

  

	 	(2)	the tenth anniversary of the year in which the Participant began to participate in the Plan; or 

  

	 	(3)	the termination of the Participant’s employment with the Employer or an Affiliate; 

 provided,
however, that the Participant may elect to defer distribution of benefits under the Plan until any time before his Required Beginning Date as defined in subsection (d)(2)(A). 

Until benefits are distributed, a Participant’s Account will be held and invested in accordance with Sections 8.02 or 8.03 pursuant to the
instructions of the Participant. 
  

	 	(b)	If the Participant dies after distributions have commenced under Section 12.02(a)(3)(B), but before the total of a Participant’s Account has been distributed, the remainder of the Participant’s Account will be
distributed at least as rapidly as the method of distribution in effect on the date of the Participant’s death. 

  

	 	(c)	Notwithstanding anything to the contrary in subsection (a), if the value of a Participant’s Account (calculated by excluding the portion of the Participant’s Account attributable to his Rollover Contribution
Account, and rollover contributions made to a plan that was merged with and into the Plan) is $5,000 or less, the Plan Administrator will pay such benefit in a single lump sum as soon as practicable after the retirement, termination, Disability or
death of the Participant, and any such distribution to the Participant or his Beneficiary, as the case may be, will be in complete discharge of the Plan’s obligation with respect to such benefit. In the event of a mandatory distribution greater
than $1,000 in accordance with this subsection (c), if the Participant does not elect to have such distribution paid directly to an Eligible Retirement Plan in a direct rollover or to receive the distribution directly in accordance with
Section 13.01, then the Plan Administrator will pay the distribution in a direct rollover to an individual retirement plan designated by the Plan Administrator. For purposes of determining whether a mandatory distribution exceeds $1,000,
a Participant’s Roth Contribution Account will be considered separately from the remainder of the Participant’s Account. 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 48    

	 	(d)	Delay of Distributions. 

 The following provisions will apply to limit a Participant’s
ability to delay the distribution of benefits. 
  

	 	(1)	General Rules. 

  

	 	(A)	The form and timing of all distributions under this subsection (d) will be in accordance with section 401(a)(9) of the Code, including the incidental death benefit requirements of section 401(a)(9)(G) of the Code,
and Treasury Regulations under section 401(a)(9) that were published on April 17, 2002 or any subsequent guidance interpreting section 401(a)(9) or any amendments thereto. 

 

	 	(B)	Notwithstanding anything to the contrary contained in this subsection (d), a Participant or Beneficiary who would have been required to receive a distribution for 2009 pursuant to this subsection (d) but for the
enactment of section 401(a)(9)(H) of the Code (or for any subsequent year to which section 401(a)(9)(H) of the Code applies), and who would have satisfied the requirements of this subsection (d) by receiving a distribution that is
(I) equal to the required minimum distribution under subsection (3) or (4) or (II) part of a series of substantially equal distributions that include such required minimum distribution, will not receive such distribution unless the
Participant or Beneficiary elects to receive such distribution in the manner required by the Plan Administrator. For purposes of Section 13.02, a distribution elected by a Participant or Beneficiary pursuant to the preceding sentence will not
be treated as an eligible rollover distribution. 

  

	 	(C)	For purposes of this subsection (d), designated Beneficiary means a Beneficiary designated under the terms of the Plan who is an individual and otherwise meets the requirements of Treasury Regulation § 1.401(a)(9)-4. 

  

	 	(2)	Time and Manner of Distribution. 

  

	 	(A)	 Required Beginning Date.  Notwithstanding anything to the contrary in this Section 12.03, the entire
vested interest of each Participant’s Account will be distributed or begin to be distributed to such Participant not later than the Required Beginning Date. The “Required Beginning Date” for a five percent owner (as defined in section
416(i) of the Code), is April 1 following the calendar year in which he attains age 70 1⁄2, regardless of whether he has terminated from employment with
the Employer and its Affiliates. For all other Participants the “Required Beginning Date” is April 1 of the calendar year following the calendar year in which the Participant either attains age
70 1⁄2 or terminates employment, whichever is later. No minimum distribution payments will be made to a Participant under the provisions of section 401(a)(9)
of 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 49    

	 	
the Code while he remains an Employee if the Participant is not a five percent owner as defined above. 

  

	 	(B)	Death of Participant Before Distributions Begin.  If the Participant dies before distributions begin, the Participant’s vested interest in his Account will be distributed, or begin to be
distributed, no later than as follows: 

  

	 	(I)	If the Participant’s surviving Spouse is the Participant’s sole designated Beneficiary then, except as provided in subsection (5), distributions to the surviving Spouse will begin by December 31 of the
calendar year immediately following the calendar year in which the Participant died, or by December 31 of the calendar year in which the Participant would have attained age 70 1/2 if later. 

 

	 	(II)	If the Participant’s surviving Spouse is not the Participant’s sole designated Beneficiary, distributions to the designated Beneficiary will begin by December 31 of the calendar year immediately following
the year in which the Participant died. 

  

	 	(III)	If there is no designated Beneficiary as of September 30 of the year following the year of the Participant’s death, the Participant’s entire interest will be distributed by December 31 of the
calendar year containing the fifth anniversary of the Participant’s death. 

  

	 	(IV)	If the Participant’s surviving Spouse is the Participant’s sole designated Beneficiary and the surviving Spouse dies after the Participant but before distributions to the surviving Spouse are required to
begin, this paragraph (B) other than clause (I) will apply as if the surviving Spouse were the Participant. 

  

	 	(C)	Form of Distribution.  Unless the Participant’s interest is distributed in a single sum on or before the Required Beginning Date, distributions will be made in accordance with subsection
(3) or (4). If the Participant’s interest is distributed in the form of an annuity purchased from an insurance company, distributions will be made in accordance with the requirements of Code section 401(a)(9) and the regulations
thereunder. 

  

	 	(3)	Required Minimum Distribution During Participant’s Lifetime.  

  

	 	(A)	Amount of Required Minimum Distribution for Each Calendar Year.  During the Participant’s lifetime, the minimum amount that will be distributed for each calendar year is the lesser of:

  

	 	(I)	 the quotient obtained by dividing the Participant’s vested account balance by the distribution period in the Uniform

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 50    

	 	
Lifetime Table set forth in Treasury Regulation § 1.401(a)(9)-(9), using the Participant’s age as of the Participant’s birthday in the distribution calendar year; or

  

	 	(II)	if the Participant’s sole designated Beneficiary for the distribution calendar year is the Participant’s Spouse, the quotient obtained by dividing the Participant’s vested account balance by the
distribution period in the Uniform Lifetime Table set forth in Treasury Regulation § 1.401(a)(9)-(9), using the Participant’s and Spouse’s attained ages as of the Participant’s and Spouse’s birthdays in the distribution
calendar year. 

 The amount of each installment will be based on the value of the Participant’s Account as of the Valuation Date
most recently preceding the first day of the Plan Year with respect to which the installment is payable. The life expectancy of the Participant (or of the Participant and the designated Beneficiary) will be redetermined annually. 

 

	 	(B)	Lifetime Required Minimum Distributions Continue Through Year of Participant’s Death.  Required minimum distributions will be determined under this subsection beginning with the first calendar year
immediately preceding the calendar year that contains the Participant’s Required Beginning Date and continuing up to and including the calendar year that includes the Participant’s date of death. 

 

	 	(4)	Required Minimum Distributions After Participant’s Death. 

  

	 	(A)	Death On or After Date Distributions Begin. 

  

	 	(I)	Participant Survived by Designated Beneficiary.  If the Participant dies on or after the date distributions begin and there is a designated Beneficiary, the minimum amount that will be distributed for
each distribution calendar year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s vested Account balance by the longer of the remaining life expectancy of the Participant’s designated
Beneficiary, determined as follows: 

  

	 	(i)	The Participant’s remaining life expectancy is calculated using the age of the Participant in the year of death, reduced by one for each subsequent year; 

 

	 	(ii)	 If the Participant’s surviving Spouse is the Participant’s sole designated Beneficiary, the remaining life
expectancy of the surviving Spouse is calculated for each distribution calendar year 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 51    

	 	
after the year of the Participant’s death using the surviving Spouse’s age as of the Spouse’s birthday in that year. For distribution calendar years after the year of the surviving
Spouse’s death, the remaining life expectancy of the surviving Spouse is calculated using the age of the surviving Spouse as of the Spouse’s birthday in the calendar year of the Spouse’s death, reduced by one for each subsequent
calendar year. 

  

	 	(iii)	If the Participant’s surviving Spouse is no the Participant’s sole designated Beneficiary, the designated Beneficiary’s remaining life expectancy is calculated using the age of the Beneficiary in the year
following the year of the Participant’s death, reduced by one for each subsequent year. 

  

	 	(II)	No Designated Beneficiary.  If the Participant dies on or after the date distributions begin and there is no designated Beneficiary as of September 30 of the year after the year of the
Participant’s death, the minimum amount that will be distributed for each distribution calendar year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s account balance by the
Participant’s life expectancy calculated using the age of the Participant in the year of death, reduced by one for each subsequent year. 

  

	 	(B)	Death Before Date Distributions Begin. 

  

	 	(I)	Participant Survived by Designated Beneficiary.  If the Participant dies before the date distributions begin and there is a designated Beneficiary, except as provided in subsection (5), the minimum
amount that will be distributed for each distribution calendar year after the year of the Participant’s death is the quotient obtained by the dividing the Participant’s vested Account balance by the remaining life expectancy of the
Participant’s designated Beneficiary, determined as provided in subsection (A)(I). 

  

	 	(II)	No Designated Beneficiary.  If the Participant dies on or after the date distributions begin and there is no designated Beneficiary as of September 30 of the year after the year of the
Participant’s death, distribution of the Participant’s entire interest will be completed by December 31 of the calendar year containing the fifth anniversary of the Participant’s death. 

 

	 	(III)	 Death of Surviving Spouse Before Distributions to Surviving Spouse Are Required to Begin.  If the
Participant dies before the date distributions begin, the Participant’s 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 52    

	 	
surviving Spouse is the Participant’s sole designated Beneficiary, and the surviving Spouse dies before distributions are required to begin to the surviving Spouse under subsection
(2)(B)(I), this subsection (B) will apply as if the surviving Spouse were the Participant. 

  

	 	(5)	Election of 5-Year Rule.  Participants or Beneficiaries may elect on an individual basis whether the 5-year rule in
subsections (2)(B)(II) and (4)(B)(II) applies to distributions after the death of a Participant who has a Designated Beneficiary. The election must be made no later than the earlier of September 30 of the calendar year in which the
distribution would be required to begin under subsection (2)(B)(II) if no such election is made, or by September 30 of the calendar year which contains the fifth anniversary of the Participant’s (or, if applicable, surviving spouse’s)
death. 

  

	12.04	Beneficiaries. 

  

	 	(a)	A Participant may designate as his Beneficiary any natural or legal person or entity to whom the Trustee will pay the Participant’s interest in the Plan in the event of his death. The Participant will make such
designation in such form as the Plan Administrator will determine, and will file the designation with Plan Administrator. Such designation may include contingent Beneficiaries. The Participant may change the Beneficiaries so designated from time to
time by filing a new designation with the Plan Administrator according to the rules adopted by it without the consent of or notice to any Beneficiary previously designated by him, subject to subsection (c). A designation may not be changed by will.
The right of any Participant to designate or change the designation of a Beneficiary will continue after the termination of his employment until he has died or received payment of his full interest in the Plan. Any change in the designation of a
Beneficiary will not be recognized if it is delivered to the Plan Administrator after the death of the Participant. Upon the death of a Beneficiary after the death of the Participant but before payment in full to such Beneficiary, the Trustee will
pay such unpaid benefit to the estate of such deceased Beneficiary, unless there exists a surviving secondary Beneficiary designated by the Participant as eligible to receive any unpaid benefit upon the death of the deceased Beneficiary.

  

	 	(b)	If any Participant fails to designate a Beneficiary, or if the Beneficiary designated by a deceased Participant dies before the Participant, then the Trustee will pay the unpaid vested benefit of the deceased
Participant to the first of the following classes of surviving beneficiaries in successive preference by class: 

  

	 	(1)	the Participant’s surviving Spouse; 

  

	 	(2)	the Participant’s children and issue of deceased children, in equal shares, per stirpes; 

  

	 	(3)	the Participant’s parents in equal shares, or to the surviving parent;  

  

	 	(4)	the Participant’s estate. 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 53    

 Any such designation made by the Plan Administrator in good faith as to the rights or identity of any
Beneficiary will be conclusive on all persons. The Plan Administrator and its delegates, Trustee, and the Employer will not be liable to any person on account of any error in such designation. Any payment made in accordance with this
Section 12.04 will fully acquit and discharge the Plan Administrator and its delegates, and the Employer from all future liability with respect to the benefit so distributed. 

 

	 	(c)	Notwithstanding any contrary provisions of this Section 12.04, any benefit payable under the Plan with respect to a Participant who is married at the time of his death will be payable only to the Participant’s
surviving Spouse, if any, unless such surviving Spouse has consented in writing witnessed by a Plan representative or a notary public, to another designated Beneficiary. The Plan Administrator will not recognize the Spouse’s consent unless it
is filed with the Plan Administrator before the Participant’s death. In addition, the married Participant’s designation of a Beneficiary with the consent of the Participant’s Spouse must be made in accordance with subsection
(a) and is subject to subsection (a) and this subsection (c). The specified Beneficiary will not be changed unless further consent by the Spouse is given, unless the Spouse expressly waives the right to consent to any future changes. Any
spousal consent will be applicable only to the particular Spouse who provides such consent. This requirement for spousal consent may be waived by the Plan Administrator if it is established to its satisfaction that there is no Spouse, or that the
Spouse cannot be located, or because of such other circumstances as may be established by applicable law. Moreover, spousal consent will not be required for a Participant’s designation of any person as a secondary Beneficiary who is eligible
for benefits upon the death of the Participant’s Spouse. 

  

	12.05	Proof of Death and Right of Beneficiary or Other Person. 

 The Plan Administrator may require and
rely on such proof of death and such evidence of the right of any Beneficiary or other person to receive the value of the Plan benefits of a deceased Participant as the Plan Administrator may deem proper, and its determination of death and the right
of that Beneficiary or other person to receive payment will be conclusive. 
  

	12.06	Distributions to Minors and Incompetents. 

 Any distribution of benefits under the Plan that is
payable to a Beneficiary who is a minor will be paid to the legally appointed custodian of such Beneficiary. If any Participant or Beneficiary entitled to receive benefits under the Plan is, in the opinion of the Plan Administrator, unable to manage
his affairs by reason of physical illness, infirmity or mental incompetency, the Plan Administrator may direct that benefits to which the Participant or Beneficiary is otherwise entitled be distributed for the benefit of such Participant or
Beneficiary to the legal representative of such Participant or Beneficiary. Any payment made in accordance with this Section 12.05 will fully acquit and discharge the Plan, the Plan Administrator, and the Employer from all future liability with
respect to the benefit so distributed. 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 54    

	12.07	Missing Payees. 

 Subject to Section 12.03(c), if a portion of an Account remains to be
distributed to a Participant or Beneficiary at a time when the Plan Administrator is unable, after taking reasonable action, to locate the Participant or Beneficiary, and the Participant or Beneficiary fails to contact the Plan Administrator within
a period of time set forth in the Plan Administrator’s “Uncashed Benefit Check Administrative Policy” after being notified of his right to receive such distribution by a letter sent to the address on file with the Plan Administrator,
then such Account will be applied to reduce the amount of contributions that the applicable Employer Unit would otherwise be required to contribute to the Plan, but if the Participant or Beneficiary later asserts a proper claim for such
distribution, or if the person who would be entitled to receive such distribution upon the death of such Participant or Beneficiary establishes that such Participant or Beneficiary has died, then such account will first be restored, without any
earnings adjustment, out of forfeitures for the Plan Year, and the Employer Unit will contribute any additional amount necessary to restore such Account. 
  

	12.08	Recovery of Overpayment. 

 If any person receives a payment from the Plan in excess of the amount
to which he is entitled under the terms of the Plan, the person is obligated to return such payment to the Plan, and the Plan may bring an action to recover such payment. In addition, the Plan may recover the amount overpaid from any future payments
to the person. 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 55    

 ARTICLE 13.      DIRECT ROLLOVERS 

 

	13.01	Direct Rollover. 

 Notwithstanding any provision of the Plan to the contrary that would otherwise
limit a Distributee’s election under this Article 13, a Distributee may elect, at the time and in the manner prescribed by the Plan Administrator, to have any portion of an Eligible Rollover Distribution paid in a Direct Rollover. 

 

	13.02	Eligible Retirement Distribution. 

 An Eligible Rollover Distribution is any distribution of all
or any portion of the balance to the credit of the Distributee; except that such term will not include any distribution that is: 
  

	 	(a)	one of a series of substantially equal periodic payments (not less frequently than annually) made for the life (or life expectancy) of the Distributee or the joint lives (or joint life expectancies) of the Distributee
and the Distributee’s designated beneficiary, for a specified period of ten years or more; 

  

	 	(b)	any distribution to the extent such distribution is required under section 401(a)(9) of the Code; 

  

	 	(c)	a hardship withdrawal made pursuant to Section 10.02; or 

  

	 	(d)	excluded from the definition of “eligible rollover distribution” as that term is defined in section 402(c)(4) of the Code or the applicable regulations. 

 

	13.03	Eligible Retirement Plan. 

 An Eligible Retirement Plan is: 

 

	 	(a)	an individual retirement account described in section 408(a) of the Code; 

  

	 	(b)	an individual retirement annuity described in section 408(b) of the Code (other than an endowment contract); 

  

	 	(c)	a Roth individual retirement account described in section 408A(b) of the Code; 

  

	 	(d)	an annuity plan described in section 403(a) of the Code; 

  

	 	(e)	an annuity contract described in section 403(b) of the Code; 

  

	 	(f)	a qualified trust described in section 401(a) of the Code; or 

  

	 	(g)	an eligible plan under section 457 of the Code that is maintained by a state, political subdivision of a state, or any agency or instrumentality of a state or political subdivision of a state that agrees to separately
account for amounts transferred into such plan from the Plan, 

 that accepts the Distributee’s eligible rollover distribution;
provided however, that: 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 56    

	 	(h)	with respect to a distribution (or portion of a distribution) consisting of after-tax employee contributions, an eligible retirement plan will include only (1) an individual
retirement account or annuity described in section 408(a) or (b) of the Code (not including an endowment contract) or (2) a qualified trust described in section 401(a) of the Code or an annuity contract described in section 403(b) of the
Code that provides for separate accounting for the amounts transferred, including separately accounting for the portion of such distribution that is includible in gross income and the portion of such distribution that is not so includible;

  

	 	(i)	if the Distributee is a beneficiary who is not a surviving Spouse or a Spouse or former Spouse who is an Alternate Payee, an Eligible Retirement Plan will include only an individual retirement account or annuity
described in section 408(a) or (b) of the Code (not including an endowment contract); 

  

	 	(j)	with respect to a distribution (or portion of a distribution) consisting of amounts in a Roth Contribution Account or Roth Rollover Subaccount, an eligible retirement plan shall include only another Roth elective
deferral account under an applicable retirement plan described in section 402A(e)(1) of the Code or a Roth IRA described in section 408A, and, in either case, only to the extent such rollover is permitted under sections 402(c) and 402A of the Code.

  

	13.04	Distributee. 

 A Distributee means (a) an Employee or former employee, (b) an
Employee’s or former employee’s surviving Spouse, (c) an Employee’s or former employee’s Spouse or former Spouse who is an Alternate Payee, and (c) a Beneficiary. 

 

	13.05	Direct Rollover. 

 A Direct Rollover is a payment by the Plan to the Eligible Retirement Plan
specified by the Distributee. 

  

			
	  The AMETEK Retirement and Savings Plan	  	Page 57   

 ARTICLE 14.        ADMINISTRATION 

 

	14.01	Committee - Authority. 

 The Committee (the “Committee”) will be the Plan Administrator,
unless the Board of Directors designates another person or entity to serve as Plan Administrator in addition to or in lieu of the Committee in accordance with Section 14.01. The Committee will have the authority to control and manage the
operation and administration of this Plan (other than the authority to manage and control the assets of the Plan), except to the extent such powers have been allocated to the Trustee or a Plan Administrator, or allocated or delegated to any other
person pursuant to the Plan or the Trust. The Committee and any other person designated pursuant to Section 14.04 will be “named fiduciaries” within the meaning of section 402 of ERISA. 

 

	14.02	Membership and Procedures of Committee. 

  

	 	(a)	Appointment.  The Committee will consist of at least three (3) persons, all of whom will be appointed by the Chief Executive Officer of the Company (the “CEO”). If, at any time, there are
fewer than three (3) members, the CEO will appoint one or more new members so that there are at least three (3) members. The appointment of a Committee member will become effective on the date that the CEO states. 

 

	 	(b)	Death, Resignation, or Removal of Member.  A Committee member will cease to be such upon his death, resignation, removal by the CEO or being declared legally incompetent. Any Committee member may resign
by notice in writing mailed or delivered to the CEO and to the remaining member or members. Any one or all of the Committee members may be removed by the CEO. 

  

	 	(c)	Action by Committee.  Any and all acts may be taken and decisions may be made by a majority of the Committee members then acting. The Committee may make any decision or take any action at a meeting duly
called and held, or by written documents signed by the minimum number of Committee members empowered to take action or make decisions at that time. The members may delegate to each or any of their number authority to perform ministerial acts or to
sign documents on behalf of the Committee, and a document so signed will be conclusively presumed to be the action of the Committee. 

  

	 	(d)	Committee Compensation.  The Committee members will serve without compensation. 

  

	14.03	Committee Powers. 

 The Committee will have the specific powers elsewhere granted to it and will
have such other powers as may be necessary in order to enable it to discharge its responsibilities with respect to this Plan, including, but not by way of limitation, the sole discretionary authority to do the following: 

 

	 	(a)	 To interpret and construe this Plan and to determine all questions arising under this Plan, other than those specifically
reserved for determination by the Company or the Plan Administrator, and to correct any ambiguity or supply any 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 58    

	 	
omission or reconcile any inconsistency in this Plan in such manner and to such extent as they will deem expedient to effectuate the purposes and intent of this Plan; 

 

	 	(b)	To determine all questions of eligibility and status and rights of Participants and others under this Plan, either directly or on appeal. The Committee will have the exclusive discretionary authority to determine
eligibility for benefits under the Plan, to construe the terms of the Plan, to make factual determinations and to determine any question that may arise in connection with the operation or the administration of the Plan. The actions and the decisions
of the Committee will be conclusive and binding upon the Employer and any and all Participants, Spouses, Beneficiaries, Alternate Payees and their respective heirs, distributees, executors, administrators, or assignees; subject, however, to the
right of Participants, Spouses, Beneficiaries, Alternate Payees and their respective heirs, distributees, executors, administrators, or assignees to file a written claim under the claims procedure as set forth in Article 15;

  

	 	(c)	To authorize and make, or cause to be made, payment of all benefits and expenses that become payable under this Plan; 

  

	 	(d)	To adopt and to amend from time to time such by-laws and rules and regulations as they will deem necessary for the administration of this Plan, which are not inconsistent with the
terms and provisions of this Plan; and 

  

	 	(e)	To establish reasonable procedures to determine whether a domestic relations order is a Qualified Domestic Relations Order and for payments to be made pursuant to such Order in accordance with Section 17.03.

  

	14.04	Designation of Additional Fiduciaries. 

 The Board of Directors may designate, in writing, one or
more persons or entities to serve as a named fiduciary of the Plan, in addition to or in lieu of the Committee. Such designation will describe such person’s or entity’s fiduciary responsibilities. 

 

	14.05	Allocation of Duties. 

 The Committee and the Plan Administrator may further allocate their
fiduciary responsibilities with respect to this Plan among themselves pursuant to section 405(c)(1)(A) of ERISA, and may designate one or more other persons, firms or corporations to carry out such fiduciary responsibilities under this Plan pursuant
to section 405(c)(1)(B) of ERISA. Any allocation or designation pursuant to this Section 14.05 will be in writing. 
  

	14.06	Employment of Agents. 

 The Committee or other appropriate fiduciary may enlist the services of
such agents, representatives and advisers as they may deem advisable to assist them in the performance of their duties under this Plan, including, but not by way of limitation, custodial agents for the Trust Fund and attorneys and accountants. 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 59    

	14.07	Expenses. 

 Reasonable expenses incident to the operation of the Plan, including fees for
professional services and the costs of such other technical or clerical assistance as may be required, including reasonable fees and expenses of custodial agents, attorneys, accountants and other advisers, will be paid from the Trust Fund. The
Company may, in its discretion, initially pay any expense that normally would be charged to the Trust Fund and later obtain reimbursement from the Trust Fund, including years after the costs were incurred. Reimbursement is available even where, at
the time of the Company’s initial payment of the expense, it is not clear that the Company may lawfully seek reimbursement from the Trust Fund, but the Company’s legal right to reimbursement is later clarified. 

 

	14.08	Liability for Contributions. 

 The Committee will not be responsible for the determination or
collection of any contributions that may be or become payable under this Plan. 
  

	14.09	Participation of Committee Members and Other Fiduciaries. 

 Nothing contained in this Plan will
preclude a Committee member or other fiduciary from becoming a Participant in this Plan, if he be otherwise eligible, but he will not be entitled to vote or to act upon or to sign any document relating primarily to his own participation in this
Plan. 
  

	14.10	Books and Records. 

 The Committee and other appropriate fiduciary will maintain appropriate
records of all actions taken. The Committee and the Plan Administrator will submit, make available or deliver on request to governmental agencies or instrumentalities, the Company and other Employer Units, Participants, Beneficiaries and
other persons entitled thereto, such reports, documents or records as may be required by law, or as they may otherwise deem appropriate. The Company may, at any time, inspect the records of the Committee and the Plan Administrator. 

 

	14.11	Indemnification. 

 To the extent permitted by law, the Company will indemnify and save each
Committee member, each former Committee member, the Plan Administrator and each former Plan Administrator if, while serving as such, he is or was an Employee (each such person being an “Indemnitee”), and their respective heirs and legal
representatives, harmless from and against any loss, cost or expense including reasonable attorney’s fees (collectively, “liability”) that any such person may incur individually, jointly, or jointly and severally, arising out of or in
connection with the administration of this Plan, including, without limitation of the foregoing, any liability that may arise out of or in connection with the management and control of the Trust Fund, unless such liability is determined to be due to
willful breach of the Indemnitee’s responsibilities under this Plan, under ERISA, or other applicable law. 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 60    

 ARTICLE 15.        CLAIMS PROCEDURE 

 

	15.01	Claim. 

 Any person or entity claiming a benefit, requesting an interpretation or ruling under the
Plan (a “Claimant”), or requesting information under the Plan may present the request in writing to the Plan Administrator. The Plan Administrator will respond in writing within ninety (90) days after receipt of the claim, provided
that the Plan Administrator may extend this period for an additional ninety (90) days by providing written notice of the extension to the Claimant within the original 90-day period. Such notice will
indicate the circumstances requiring the extension and the date by which the Plan Administrator expects to make a determination of the claim. 
  

	15.02	Denial of Claim. 

 If the claim or request is denied, the written notice of denial will state:

  

	 	(a)	the reasons for denial, with specific reference to the Plan provisions on which the denial is based; 

  

	 	(b)	a description of any additional material or information required for the Claimant to perfect the claim and an explanation of why the material or information is necessary; and 

 

	 	(c)	an explanation of the Plan’s claim review procedure, including a statement of the Claimant’s right to bring a civil action under section 502(a) of ERISA if the claim denial is denied (in whole or in part) on
appeal. 

 Whether a document, record or other information is relevant for purposes of this Section 15.02 will be determined by the
Plan Administrator in its sole discretion in accordance with 29 C.F.R. § 2560.503-1(m)(8). 
  

	15.03	Review of Claim. 

 Any Claimant whose claim or request is denied or who has not received a
response within the time limits set forth above may request a review by notice given in writing to the Plan Administrator. Such request must be made within sixty (60) days after receipt by the Claimant of the written notice of denial, or, in
the event Claimant has not received a timely response, within 60 days after the date the Plan Administrator was required to respond to the claim under Section 15.01. The claim or request will be reviewed by the Plan Administrator which may, but
will not be required to, grant the Claimant a hearing. On review, the claimant may have representation, examine documents determined by the Plan Administrator in its sole discretion to be relevant to the Claimant’s claim for benefits, and
submit documents, records, and comments in writing. 
  

	15.04	Final Decision. 

 The decision on review will normally be made within sixty (60) days after
the Plan Administrator’s receipt of Claimant’s claim or request; provided that, under special circumstances, including for a hearing, the Plan Administrator may extend this period for an additional sixty (60) days by providing written
notice of the extension to the Claimant 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 61    

 
within the original 60-day period. Such notice will indicate the circumstances requiring the extension and the date by which the Plan Administrator expects
to make a determination on review. If the Plan Administrator extends the period for making a decision, the tolling rule set forth in 29 C.F.R. § 2560.503-1(i)(4) will apply to the extent applicable.

 If the claim or request is denied on final review, the notice of denial will state the following: 

 

	 	(a)	the reasons for denial, with specific reference to the Plan provisions on which the denial is based; 

  

	 	(b)	a statement concerning the Claimant’s right to receive, upon request and free of charge, reasonable access to and copies of all documents, records and other information relevant to the claim; 

 

	 	(c)	a description of any voluntary appeals procedures offered by the Plan; and 

  

	 	(d)	a statement of the Claimant’s right to bring a civil action under section 502(a) of ERISA. 

 Whether
a document, record or other information is relevant for purposes of this Section 15.04 will be determined by the Plan Administrator in its sole discretion in accordance with 29 C.F.R.
§ 2560.503-1(m)(8). 
  

	15.05	Litigation. 

 An “Applicable Claim” as described below in subsection (c) may not be
filed in any court: 
  

	 	(a)	until the Claimant has exhausted the claims procedures described in Sections 15.01 through 15.04; and 

  

	 	(b)	unless such claim or action is filed in a court with jurisdiction over such claim or action no later than two years after: 

  

	 	(1)	in the case of a claim or action to recover benefits allegedly due to the Claimant under the terms of the Plan or to clarify the Claimant’s rights to future benefits under the terms of the Plan, the earliest of
(a) the date the first benefit payment was actually made, (b) the date the first benefit payment was allegedly due, or (c) the date the Plan first repudiated its alleged obligation to provide such benefits (regardless of whether such
repudiation occurred during administrative review pursuant to Sections 15.01 through 15.04); 

  

	 	(2)	in the case of a claim or action to enforce an alleged right under the Plan (other than a right to benefits, which are subject to subsection (b)(1)), the date the Plan first denied the claimant’s request to
exercise such right, regardless of whether such denial occurred during administrative review pursuant to Sections 15.01 through 15.04; 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 62    

	 	(3)	in the case of any other claim or action described in subsection (c)(4), the earliest date on which the claimant knew or should have known of the material facts on which such claim or action is based, regardless of
whether the claimant was aware of the legal theory underlying the claim or action, 

 provided that if a request for administrative
review pursuant to Sections 15.01 through 15.04 is pending before the Plan Administrator when the two-year period described in this subsection (b) expires, the deadline for filing such claim or action in
a court with proper jurisdiction will be extended to the date that is 60 calendar days after the final denial (including a deemed denial) of the claim on administrative review. 

The period described by this subsection (b) is hereafter referred to as the “Applicable Limitations Period.” The Applicable Limitations
Period replaces and supersedes any limitations period ending at a later time that otherwise might be deemed applicable under state or federal law in the absence of this Section 15.05. Except as provided in the following two sentences, a claim
or action filed after the expiration of the Applicable Limitations Period will be deemed time-barred. The Plan Administrator will have discretion to extend the Applicable Limitations Period upon a showing of exceptional circumstances that, in the
opinion of the Plan Administrator, provide good cause for an extension. The exercise of this discretion is committed solely to the Plan Administrator, and is not subject to review. Notwithstanding the foregoing, neither this subsection (b) nor
the Applicable Limitations Period will apply to a claim governed by section 413 of ERISA. 
  

	 	(c)	For purposes of this Section 15.05, an Applicable Claim is: 

  

	 	(1)	a claim or action to recover benefits allegedly due under the provisions of the Plan or by reason of any law; 

  

	 	(2)	a claim or action to clarify rights to future benefits under the terms of the Plan; 

  

	 	(3)	a claim or action to enforce rights under the Plan; or 

  

	 	(4)	any other claim or action that: 

  

	 	(A)	relates to the Plan, and 

  

	 	(B)	seeks a remedy, ruling, or judgment of any kind against the Plan, the Plan Administrator, or other fiduciary (within the meaning of section 3(21) of ERISA), or a party in interest (within the meaning of section 3(14) of
ERISA) with respect to the Plan. 

  

	 	(d)	In the event of any Applicable Claim brought by or on behalf of two or more Claimants, this Section 15.05, including the Applicable Limitations Period, will apply separately with respect to each Claimant.

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 63    

	15.06	Class Action Forum Selection. 

  

	 	(a)	To the fullest extent permitted by law, any putative class action lawsuit brought in whole or in part under section 502 of ERISA (or any successor provision) and relating to the Plan, the administration of the Plan,
management or investment or handling of Plan assets, the Trust, or the performance or non-performance of Plan fiduciaries or administrators must be filed in one of the following jurisdictions:

  

	 	(1)	the jurisdiction in which the Plan is principally administered; or 

  

	 	(2)	the jurisdiction in which the largest number of putative class members resides as determined by the Plan Administrator based on records maintained by the Plan Administrator (or if that jurisdiction cannot be determined,
the jurisdiction in which the largest number of class members is reasonably believed to reside). 

  

	 	(b)	If any putative class action within the scope of subsection (a) is filed in a jurisdiction other than one of those described in subsection (a), or if any non-class action
filed in such a jurisdiction is subsequently amended or altered to include class action allegations, then the Plan, any Plan affiliates, and all alleged Plan participants must take all steps necessary to have the action removed to, transferred to,
or re-filed in a jurisdiction described in subsection (a). Such steps may include, but are not limited to: 

  

	 	(1)	a joint motion to transfer the action; or 

  

	 	(2)	a joint motion to dismiss the action without prejudice to its re-filing in a jurisdiction described in subsection (a), with any applicable time limits or statutes of limitations
applied as if the suit or class action allegation had originally been filed or asserted in a jurisdiction in subsection (a) at the same time that it was filed or asserted in a jurisdiction not described therein. 

 

	 	(c)	This forum selection provision is waived if no party invokes it within 120 days of filing a putative class action or the assertion of class action allegations. 

 

	 	(d)	This Section 15.06 does not relieve the Plan or any putative class member of any obligation existing under the Plan or by law to exhaust administrative remedies before initiating litigation or to comply with the
limitations of actions provision set forth in Section 15.05. 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 64    

 ARTICLE 16.        MANAGEMENT OF FUNDS 

 

	16.01	Trust Agreement. 

 A Trust Fund currently known as the AMETEK Retirement and Savings Trust (the
“Trust” or the “Trust Fund”) has been established by the execution of trust agreements with one or more Trustees and is maintained for the purposes of this Plan. Each Employer Unit will make contributions under this Plan to the
Trust for purposes of providing benefits under the Plan. 
  

	16.02	Designation of Trustee. 

 There will be one or more trustees, either corporate or individual, in
each case appointed and subject to removal by the Company. In case of death, incapacity, resignation or removal of any Trustee, a successor will be appointed by the Company. 
  

	16.03	Exclusive Benefit Rule. 

 Except as otherwise provided in the Plan, no part of the corpus or
income of the funds of the Plan will be used for, or diverted to, purposes other than for the exclusive benefit of Participants and other persons entitled to benefits under the Plan before satisfaction of all liabilities with respect to them. No
person will have any interest in or right to any part of the earnings of the funds of the Plan, or any right in, or to, any part of the assets held under the Plan, except as and to the extent expressly provided in the Plan. 

 

	16.04	Appointing Investment Managers. 

 The Board of Directors may, from time to time, appoint one or
more investment managers (within the meaning of section 3(38) of ERISA) to manage, invest and reinvest the Trust Fund, or such part or parts of the Trust Fund as is specified in such appointment. Any appointment made pursuant to this
Section 16.04 may be revoked or modified by the Board of Directors at any time and a new appointment made. 
  

	16.05	No Guarantee. 

 The Employer, the Plan Administrator, and the Trustee do not guarantee the
Participants or their Beneficiaries against loss or depreciation or fluctuation of the value of the assets of the Trust Fund. 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 65    

 ARTICLE 17.        ASSIGNMENTS OR LIENS 

 

	17.01	No Alienation. 

 Except as provided in Section 17.03 or permitted by section 401(a)(13)(C) of
the Code, no right, benefit or interest of any Participant or Beneficiary under the Plan may be made subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance or charge, and any attempt or arrangement on the
part of any person so to do will be void. 
  

	17.02	No Liability for Obligation. 

 Except as provided in Section 17.03 or permitted by section
401(a)(13)(C) of the Code, no right, benefit, or interest will in any way be subject to or liable for the debts, contracts, commitments, obligations, liabilities or torts of any Participant or Beneficiary under the Plan or subject to attachment,
execution, garnishment, sequestration, seizure or legal, equitable, or other process for or against such person and any attempt or arrangement on the part of any person so to do will be void. 

 

	17.03	Qualified Domestic Relations Orders. 

 Notwithstanding the provisions of Sections 17.01 or 17.02,
the Plan Administrator will direct the Trustee to honor and comply with the provisions of a domestic relations order which the Plan Administrator determines to constitute a Qualified Domestic Relations Order, as defined in section 414(p) of the
Code. Nothing contained in this Plan prevents the Trustee, in accordance with the direction of the Plan Administrator, from complying with the provisions of a Qualified Domestic Relations Order (as defined in section 414(p) of the Code). The Plan
Administrator will establish procedures to determine the status of a judgment, decree or order as a Qualified Domestic Relations Order and to administer Plan distributions in accordance with Qualified Domestic Relations Orders. Notwithstanding
anything to the contrary in Section 14.07, reasonable expenses incurred by the Plan Administrator to determine whether a domestic relations order is a Qualified Domestic Relations Order may be paid from the Accounts of the Participant to whom
such Order relates. Any payment made by the Plan Administrator pursuant to a Qualified Domestic Relations Order will reduce, by a like amount, the amount otherwise payable under the Plan to the Participant to whom such Order relates or his
Beneficiary, as the case may be. 
  

	17.04	Distributions Under Qualified Domestic Relations Orders. 

 This Plan specifically permits
distribution to an Alternate Payee under a Qualified Domestic Relations Order at any time, irrespective of whether the Participant has attained his earliest retirement age (as defined under Code section 414(p)) under the Plan. A distribution to an
Alternate Payee before the Participant’s attainment of earliest retirement age is available only if: (1) the Qualified Domestic Relations Order specifies distribution at that time or permits an agreement between the Plan and the Alternate
Payee to authorize an earlier distribution; and (2) if the present value of the Alternate Payee’s benefits under the Plan exceeds $5,000 and the Qualified Domestic Relations Order requires, the Alternate Payee consents to any distribution
occurring before the Participant’s attainment of earliest retirement age. Nothing in this Section 17.04 permits a Participant a right to receive distribution at a time otherwise not permitted under the

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 66    

 
Plan nor does it permit the Alternate Payee to receive a form of payment not permitted under the Plan. 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 67    

 ARTICLE 18.        AMENDMENT, MERGER OR TERMINATION 

 

	18.01	Amendment of Plan. 

 The Board of Directors, at a meeting or by unanimous written consent, may
amend, terminate or suspend this Plan at any time or from time to time by an instrument in writing duly executed in the name of the Company and delivered to the Committee; provided, however, that: 

 

	 	(a)	No amendment will provide for the use of the assets of this Plan or any part thereof other than for the exclusive benefit of Participants and Beneficiaries; 

 

	 	(b)	The Committee may amend the Plan, without action or approval by the Board of Directors, to modify the maximum percentage of Compensation that may be deferred by Highly Compensated Employees; 

 

	 	(c)	No amendment will deprive any Participant or Beneficiary of any of the benefits that are vested in him or to which he is entitled under this Plan by reason of the prior Years of Service, death, Disability or termination
of employment of such Participant; 

  

	 	(d)	If the Internal Revenue Service requires that one or more amendments be adopted to the Plan as a condition of receiving a favorable determination letter, and the representative of the Company with respect to the
application for the determination letter agrees in writing to the adoption of such amendments, such amendments will, upon the issuance of the requested determination letter, be deemed to have been adopted, automatically and without further action by
the representative, the Company, or the Board of Directors, effective as of the date or dates specified in such amendments; and 

  

	 	(e)	This Plan may be amended at any time and from time to time in any respect so as to qualify this Plan pursuant to section 401(a) of the Code and to comply with the provisions of ERISA, regardless of whether any such
amendment may change, alter or amend the relative benefits under this Plan of any Participant or Beneficiary. 

  

	18.02	Termination of Plan. 

 The Company will have the right, in its sole discretion, at any time, to
suspend or discontinue its contributions under the Plan, and to terminate at any time, in whole or in part, this Plan and the Trust. To the extent practicable, a termination will be effected by resolution of the Board of Directors and written notice
thereof will be given by an instrument in writing executed by the Company and filed with the Trustee and Committee. The Plan will also be considered terminated as of the date that the Company is dissolved or liquidated or disposes of substantially
all of its assets without providing for any successor person, firm or corporation to continue the Plan. 
 Whether a partial termination has occurred
depends on all the relevant facts and circumstances, as determined by the Commissioner of the Internal Revenue Service. No Participant will have any right to be vested under Section 18.03(a) on account of a partial termination unless and until the
Commissioner makes such a determination. 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 68    

	18.03	Vesting and Distribution of Assets on Plan Termination or Complete Discontinuance of Contributions. 

  

	 	(a)	Vesting. 

 Upon complete or partial termination of this Plan, or complete discontinuance of
contributions to this Plan, a Participant who is affected by the complete or partial termination or discontinuance will be vested in the balance of his Accounts, determined as of the date of complete or partial termination or the discontinuance.

  

	 	(b)	Distribution. 

 Upon complete or partial termination of this Plan, or complete discontinuance of
contributions to this Plan, the value of each affected Participant’s account will be distributed in accordance with this subsection (b) to the extent consistent with applicable law. Except as otherwise provided by ERISA, there will first
be set aside amounts due to Participants who have terminated employment and who were not previously paid pursuant to the provisions of Article 12, and the amount to which any such Participant is entitled will be paid to him or his duly designated
Beneficiary, as the case may be. The proportionate interest of each other Participant in the remaining assets of the Trust Fund will then be determined in accordance with Article 7 except that the value of such proportionate interest will be
determined as of the date of termination of this Plan. There will be paid to each Participant or his duly designated Beneficiary, as the case may be, the benefit thus determined pursuant to this Section 18.03, plus his proportionate
share of any earnings thereon, or less his proportionate share of any losses thereon, if applicable. Provision for the payment of benefits pursuant to this Section 18.03 may be made at the direction of the Company, by continuing the Trust Fund
in existence and making provision therefrom for benefit distributions in accordance with the terms of this Plan, by immediate and full distribution from the Trust Fund of Participants’ Accounts, or by any combination thereof. Notwithstanding
the foregoing provisions of this Section 18.03, following the termination of the Plan, a distribution of a Participant’s Pre-Tax Contribution Account, Roth Contribution Account, or Catch-Up Contribution Account will not occur if the Employer establishes or maintains a successor plan (as defined under section 401(k) of the Code and the corresponding Treasury regulations). 

 

	18.04	Merger or Consolidation. 

 Pursuant to action of the Board of Directors: 

 

	 	(a)	the Plan may be merged or consolidated with, or a portion of its assets and liabilities may be transferred to, another plan meeting the requirements of section 401(a) of the Code or any successor provision of law, or

  

	 	(b)	a portion of the assets and liabilities of another such plan may be transferred to the Plan, 

 provided
such merger, consolidation or transfer is accompanied by a transfer of such existing records and information as may be necessary to properly allocate such assets among Participants and to provide any tax or other necessary information to the persons
administering the Plan or receiving the assets, and further provided that each Participant or Beneficiary will be entitled to receive a benefit immediately after such merger, 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 69    

 
consolidation or transfer (if this Plan or such other plan were then terminated) which is at least equal to the benefit the Participant or Beneficiary would have been entitled to receive
immediately before such merger, consolidation or transfer (if this Plan or such other plan had been terminated). 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 70    

 ARTICLE
19.        TOP-HEAVY PROVISIONS 
  

	19.01	Priority Over Other Plan Provisions. 

 For any Plan Year for which this Plan is a Top-Heavy Plan, as defined below, the provisions of this Article 19 will apply and control over any contrary provisions of the Plan. 
  

	19.02	Definitions Used in this Article. 

 For purposes of this Article 19, the following definitions
will apply unless the context clearly indicates otherwise: 
  

	 	(a)	Determination Date.  “Determination Date” means the last day of the preceding Plan Year. 

  

	 	(b)	Employer.  “Employer” means any Employer and any Affiliate, each as defined in Article 2. 

  

	 	(c)	Employer Plan.  Employer Plan means a stock bonus, pension, or profit-sharing plan intended to qualify under section 401(a) of the Code, whether or not terminated, of the Employer.

  

	 	(d)	Five Percent Owner.  Five Percent Owner means: 

  

	 	(1)	if the Employer is a corporation, any person who owns (or is considered as owning within the meaning of section 318) more than five percent of the outstanding stock of the corporation or stock possessing more than five
percent of the total combined voting power of all stock of the corporation; or 

  

	 	(2)	if the employer is not a corporation, any person who owns more than five percent of the capital or profits interest in the Employer. 

For purposes of this subsection (d), no Employer will not be treated as a single employer, and a person’s ownership interest in each Employer will
not be aggregated. 
  

	 	(e)	Key Employee.  “Key Employee” means any employee who at any time during the Plan Year ending with the Determination Date is: 

 

	 	(1)	an Officer whose Total Compensation exceeds the dollar amount under section 416(i)(1)(A)(i) of the Code; 

  

	 	(2)	a Five Percent Owner; 

  

	 	(3)	a One Percent Owner whose Total Compensation exceeds $150,000; or 

  

	 	(4)	the Beneficiary of any individual described in the foregoing clauses of this subsection (e). 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 71    

	 	(f)	Non-Key Employee.  “Non-Key Employee” means, for any Plan Year, an individual who was employed as
an Employee at any time during the Plan Year and who is not a Key Employee. A “Non-Key Employee” also includes and Employee who is a former Key Employee. 

 

	 	(g)	Officer.  “Officer” means an individual who is an “officer” within the meaning of section 416(i)(1) of the Code and any regulations prescribed thereunder. No more than
50 employees of the Employer (or, if lesser, the greater of 3 or 10 percent of the employees) will be treated as officers in any given Plan Year. If the number of employees who could be treated as Officers exceeds the limits set forth in this
subsection (g), then the employees having the highest annual Total Compensation among all potential Officers, during the Plan Year ending with the Determination Date and the four preceding Plan Years, will be considered Officers. 

 

	 	(h)	One Percent Owner.  “One Percent Owner” has the same meaning as Five Percent Owner except that One Percent is substituted for Five Percent wherever that term appears in
subsection (c). 

  

	 	(i)	Permissive Aggregation Group.  “Permissive Aggregation Group” means a group of Employer Plans comprising each Employer Plan that is included in the Required Aggregation Group and
each other Employer Plan selected by the Company for inclusion in the Permissive Aggregation group that would not, by its inclusion, prevent the group of Employer Plans included in the Permissive Aggregation Group from continuing to meet the
nondiscrimination requirements of section 401(a)(4) of the Code and the participation requirements of section 410 of the Code. 

  

	 	(j)	Required Aggregation Group.  “Required Aggregation Group” means one or more Employer Pans including each Employer Plan in which a Key Employee is a participant and each other
Employer Plan that enables any Employer Plan in which a Key Employee participants to meet the nondiscrimination requirements of section 410(a)(4) of the Code or the participation requirements of section 410 of the Code. 

 

	 	(k)	Top-Heavy Plan.  The Plan will be considered a “Top-Heavy Plan” for any Plan Year, if, as of the
Determination Date: 

  

	 	(1)	the Plan is not part of a Permissive Aggregation Group or a Required Aggregation Group and the aggregate present value of the Accounts of Participants who are Key Employees exceeds sixty percent (60%) of the aggregate
present value of the Accounts under the Plan for all Participants; or 

  

	 	(2)	the Plan is part of a Required Aggregation Group and the sum of the present values of accrued benefits for Key Employees under all Employer Plans included in such Required Aggregation Group exceeds sixty percent (60%)
of the sum of the present value of accrued benefits of all participants of all plans within the Required Aggregation Group. 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 72    

 The Plan will not be considered a Top-Heavy Plan for any Plan Year
in which the Plan is part of a Required Aggregation Group or Permissive Aggregation Group which is not top-heavy. 

The present value of accounts and of accrued benefits will be calculated in accordance with section 416(g) of the Code and will include (A) the
distributions made with respect to the employee under the Plan and any plan aggregated with the Plan during the applicable period ending on the Determination Date; (B) any distributions made with respect to the employee during the applicable
period ending on the Determination Date under a terminated plan which, had it not been terminated, would have been aggregated with the Plan in a Required Aggregation Group. For purposes of (A) and (B), the “applicable period” will
mean the one-year period ending on the Determination Date unless the distribution is an in-service distribution or otherwise made for reasons other than severance from
employment, death, or disability. 
 The accrued benefits and accounts of any individual who has not performed services for the Employer during the 1-year period ending on the determination date will not be taken into account for purposes of this subsection (k). 
  

	 	(l)	Total Compensation.  “Total Compensation” means “compensation” as defined in Section 6.02(c)(2). 

 

	19.03	Minimum Allocation. 

 For each Plan Year during which the Plan is a Top Heavy Plan, for each Non-Key Employee who has satisfied the eligibility requirements of Section 3.01 and who has not separated from service as of the last day of the Plan Year, 

 

	 	(a)	the Employer contributions the Employer otherwise would have made under the Plan for such Plan Year (determined without regard to compensation in excess of Total Compensation), or, if greater, 

 

	 	(b)	contributions for such Plan Year that, when added to the contributions made by the Employer for such Non-Key Employee (and any forfeitures allocated to the accounts of such Non-Key Employee) for such Plan Year under all other defined contribution plans of the Employer, 

will equal not less than the lesser of: 
  

	 	(c)	three percent (3%) of Total Compensation; or 

  

	 	(d)	the highest percentage of Total Compensation at which Employer contributions plus forfeitures are allocated (or required to be allocated) for the Plan Year to the accounts of any Key Employee; provided that the
provisions of this paragraph (d) will not apply if the Plan is in the Required Aggregation Group and enables a defined benefit plan in the Required Aggregation Group to meet the requirements of section 401(a)(4) or section 410 of the Code. For
purposes of this paragraph (d), all defined contribution plans in the Required Aggregation Group will be treated as one plan. 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 73    

 For purposes of this Section 19.03, 

 

	 	(1)	the minimum contribution allocated to Non-Key Employees for the Plan Year will be determined without regard to elective deferrals; 

 

	 	(2)	the highest percentage of Total Compensation contributed by the Employer on behalf of any Key Employee under paragraph (d) for the Plan Year will be determined by including elective deferrals; and

  

	 	(3)	employer matching contributions will be taken into account. 

 Notwithstanding anything to the contrary in
this Section 19.03, a minimum allocation will not be made on behalf of a Non-Key Employee under this Plan in the event the Participant is covered by another plan of an Employer and the minimum allocation
or benefit requirement as set forth in section 416 of the Code and regulations thereunder is satisfied by such other plan of the Company. 
  

	19.04	Coordination with Defined Benefit Plan. 

 If a Non-Key
Employee who is entitled to receive a contribution under Section 19.03 is also entitled to receive a minimum benefit pursuant to section 416 of the Code under a defined benefit pension plan maintained by an Employer, and the Non-Key Employee does not accrue a benefit under such defined benefit pension plan that, together with the Non-Key Employee’s minimum contribution provided under
Section 19.03 hereof, satisfies the requirements of section 416 of the Code, the amount of Matching Contributions allocated to the Matching Contribution Account of such Non-Key Employee will equal the
lesser of: 
  

	 	(a)	5 percent (5%) of the Non-Key Employee’s Total Compensation for the Plan Year; or 

 

	 	(b)	the percentage necessary in order that the Non-Key Employee receive the minimum combined benefits under this Plan and such defined benefit pension plan to which he is entitled
under section 416 of the Code. 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 74    

 ARTICLE 20.  SPECIAL RULES FOR MILITARY SERVICE 

 

	20.01	In General. 

 Notwithstanding any other provision of the Plan, contributions, benefits, and
service credit with respect to qualified military service will be provided in accordance with section 414(u) of the Code (excluding section 414(u)(9) of the Code). The Plan Administrator may reasonably request that an Employee demonstrate that he
has engaged in qualified military service within the meaning of section 414(u) of the Code. 
  

	20.02	Reemployment Following a Period of Qualified Military Service. 

  

	 	(a)	Reemployment Following a Period of Qualified Military Service.  Notwithstanding any provision of this Plan to the contrary all contributions with respect to periods of qualified military service will be
provided in a manner consistent section 414(u) of the Code (excluding section 414(u)(9)) if a Participant is treated as reemployed by the Employer under chapter 43 of title 38, United States Code, following a period of qualified military service, as
follows: 

  

	 	(1)	Pre-Tax, Roth, and Catch-up Contributions.  A Participant who is treated as reemployed under chapter 43 of title 38,
United States Code, following a period of qualified military service will be permitted to contribute additional Pre-Tax, Roth, After-Tax, and Catch-up Contributions under the Plan in an amount up to the maximum amount of Pre-Tax, Roth, After-Tax, and Catch-up Contributions that the Participant would have been permitted to make under the Plan during the period of qualified military service if the Participant had continued to be employed during such period and
received Compensation equal to the Compensation the Participant would have received during such period if the Participant were not in qualified military service, or if such rate is not reasonably certain, the Participant’s average rate of
Compensation during the 12-month period immediately preceding the qualified military service (or, if shorter, the period of the Participant’s employment as an Employee immediately preceding such period.
The maximum amount of Pre-Tax, Roth, After-Tax, and Catch-Up Contributions so determined will be reduced by the amount of any Pre-Tax, Roth, After-Tax, or Catch-Up Contributions actually made by the Participant during his period of absence due to qualified
military service. The additional Pre-Tax, Roth, After-Tax, or Catch-Up Contributions must be made within five (5) years (or,
if less, three (3) times the length of the Participant’s most recent period of qualified military service) after his reemployment and while the Participant is an Employee. 

 

	 	(2)	Matching Contributions and Retirement Incentive Contributions.  The applicable Employer Unit will contribute Matching Contributions and any Retirement Incentive Contributions that would have been
attributable to Pre-Tax Contributions or Roth Contributions made pursuant to paragraph (1) if the Participant had elected to make such contributions during the period of qualified military service.

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 75    

	 	(3)	Retirement Contributions.  The applicable Employer Unit will contribute to the Plan, on behalf of each Participant who is treated as reemployed under chapter 43 of title 38, United States Code,
following a period of qualified military service, an amount equal to the Retirement Contributions, if any, that would have been required under Section 5.02 had such Participant continued to be employed and received Compensation during the
period of qualified military service. 

  

	 	(b)	Contributions made pursuant to subsection (a): 

  

	 	(1)	will not be taken into account for purposes of the limit described in Section 6.01(a) and the otherwise applicable limitations under Section 6.02 for the taxable year or limitation year in which the contributions
are made; rather such contributions will be taken into account for purposes of such limitations for the year to which the contributions relate; and 

  

	 	(2)	will not be taken into account for purposes of the limitations described in Section 6.03 for any year. 

  

	20.03	Service Credit. 

 If Section 20.02(a) applies to a Participant, the Participant’s period of
absence due to qualified military service will be included in the determination of his Hours of Service and the Participant will not incur a Separation of Service Date by reason of his qualified military service. 

 

	20.04	Loan Repayments. 

 As provided in Section 11.05(g)(3), loan repayments will be suspended under
this Plan as permitted under section 414(u)(4) of the Code. 
  

	20.05	Survivor Benefits. 

 In accordance with section 401(a)(37) of the Code, the survivors of a
Participant who dies while performing qualified military service (within the meaning of section 414(u) of the Code) will be eligible for any additional benefits (other than additional benefit accruals related to the period of qualified military
service) that would have been provided under the Plan if the Participant had resumed employment and immediately thereafter terminated employment due to death. 
  

	20.06	Treatment of Differential Wage Payments. 

 To the extent required by section 414(u)(12) and
guidance issued thereunder, an individual receiving differential wage payments (within the meaning of section 3401(h)(2) of the Code) from the Employer will be treated as an employee and the differential wage payments will be treated as
compensation. 
  

	20.07	Termination of Employment. 

 For purposes of Article 12, a termination of employment will be
deemed to occur to the extent permitted by section 414(u)(12)(B) of the Code (concerning individuals performing 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 76    

 
service in the uniformed services described in Code section 3401(h)(2)(A)), provided that if a Participant elects a distribution of all or part of his
Pre-Tax Contribution Account, Roth Contribution Account, After-Tax Contribution Account, or Catch-Up Contribution Account
pursuant to section 414(u)(12)(B) of the Code, the Participant will be prohibited from making Pre-Tax Contributions, Roth Contributions, After-Tax Contributions, or Catch-Up Contributions under this Plan during the six-month period beginning on the date of the distribution to the extent required by Code section 414(u)(12)(B)(ii). 

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 77    

 ARTICLE 21.        MISCELLANEOUS 

 

	21.01	Not a Contract of Employment. 

 This Plan will not constitute a contract of employment between
Company and the Participant. Nothing in this Plan will give a Participant the right to be retained in the service of Company or to interfere with the right of the Company to discipline or discharge a Participant at any time. 

 

	21.02	Electronic Transmission of Notices and Elections. 

 Any notice required to be distributed to or
any elections or directions permitted under Article 4 or Article 8 by Participants, Beneficiaries and Alternate Payees pursuant to the terms of the Plan may, at the direction of the Plan Administrator, be transmitted electronically or telephonically
to the extent permitted by, and in accordance with any procedures set forth in, applicable law and regulations. 
  

	21.03	Governing Law. 

 The Plan will be construed and enforced in accordance with applicable federal law
and, to the extent not preempted by federal law, the laws of the Commonwealth of Pennsylvania (without regard to the legislative or judicial conflict of laws rules of any state or other jurisdiction). 

 

	21.04	Severability. 

 If any provision of this Plan is held unenforceable, the remainder of the Plan
will continue in full force and effect without regard to such unenforceable provision and will be applied as though the unenforceable provision were not contained in the Plan. 

 

	21.05	Headings. 

 Headings are inserted in this Plan for convenience of reference only and are to be
ignored in the construction of the provisions of the Plan. 

*            *            * 

IN WITNESS WHEREOF, and as evidence of the adoption of this amended and restated Plan by the Company, AMETEK, Inc. has executed the same this 22nd day
of December, 2016. 
  

									
		 		 	AMETEK, Inc.
					
		 		 	By:	 	 /s/ HENRY J. POLICARE
	 	
		 		 		 	Henry J. Policare	 	
		 		 		 	Director, Global Benefits & M&A – HR	 	

  

			
	 The AMETEK Retirement and Savings Plan	  	Page 78

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00267-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00267-of-00352.parquet"}]]