Document:

EX-10.7

 Exhibit 10.7 

FORM OF 
 VONTIER
CORPORATION 
 2020 STOCK INCENTIVE PLAN 
  

	1.	 Purpose of the Plan. Vontier Corporation, a Delaware corporation, wishes to recruit and retain key
Employees, Directors and Consultants and to motivate them to contribute to the growth and profitability of the Company. To further these objectives, the Company established the Vontier Corporation 2020 Stock Incentive Plan. Under the Plan, the
Company may make grants of Options, Stock Appreciation Rights, Restricted Stock Grants, Restricted Stock Units, Other Stock-Based Awards and Conversion Awards. The Company may also make direct grants of Common Stock in the form of Restricted Stock
Grants to Participants as a bonus or other incentive or grant such stock in lieu of Company obligations to pay cash under other plans or compensatory arrangements, including any deferred compensation plans. 

 

	2.	 Definitions. As used herein, the following definitions shall apply: 

“Administrator” means the Compensation & Management Development Committee of the Board, unless the Board specifies
another committee or the Board elects to act in such capacity. 
 “Award” means an award of Options, Stock Appreciation
Rights, Restricted Stock Grants, Restricted Stock Units, Other Stock-Based Awards or Conversion Awards (each as defined below). 

“Award Agreement” means any written agreement, contract or other instrument or document evidencing an Award, including
through electronic medium, which shall contain such terms and conditions with respect to an Award as the Administrator shall determine, consistent with the Plan. 

“Board” means the Board of Directors of the Company. 

“Code” means the U.S. Internal Revenue Code of 1986, as amended from time to time and the regulations issued with respect
thereof. 
 “Committee” means the Compensation & Management Development Committee of the Board. 

“Common Stock” means the common stock of the Company. 

“Company” means Vontier Corporation, a Delaware corporation. 

“Consultant” means any person engaged as a consultant or advisor of the Company or an Eligible Subsidiary for whom a Form S-8 Registration Statement is available for the issuance of securities. 
 “Conversion
Award” means an Award granted pursuant to Section 11 of the Plan. 

 “Date of Grant” means the date as of which the Administrator grants an
Award to a person. 
 “Disability” means a Participant, as determined by the Administrator (i) is unable to engage in
any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or that has lasted or can be expected to last for a continuous period of not less than twelve
(12) months, or (ii) is, by reason of any medically determinable physical or mental impairment which can be expected to result in death or that has lasted or can be expected to last for a continuous period of not less than twelve
(12) months, receiving income replacement benefits for a period of not less than three (3) months under an accident and health plan covering employees of the Participant’s employer. 

“Early Retirement” means an employee voluntarily ceases to be an Employee and the Administrator determines (either initially
or subsequent to the grant of the relevant Award) that the cessation constitutes Retirement for purposes of this Plan. In deciding whether a termination of employment is an Early Retirement, the Administrator need not consider the definition under
any other Company benefit plan. 
 “Eligible Director” (or “Director”) means a non-employee director of the Company or one of its Eligible Subsidiaries. 
 “Eligible
Subsidiary” means each of the Company’s Subsidiaries, except as the Administrator otherwise specifies. 

“Employee” means any person employed as an employee of the Company or an Eligible Subsidiary. 

“Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended. 

“Exercise Price” means, in the case of an Option, the value of the consideration that an Optionee must provide in exchange
for one share of Common Stock. In the case of a SAR, “Exercise Price,” means an amount which is subtracted from the Fair Market Value in determining the amount payable upon exercise of such SAR. 

“Fair Market Value” means, as of any date, the fair market value of a share of Common Stock for purposes of the Plan which
will be determined as follows: 
 (i) If the Common Stock is traded on the New York Stock Exchange or other national securities exchange,
the closing sale price on that date or, if the given date is not a trading day, the closing sale price for the immediately preceding trading day; or 

(ii) If the Common Stock is not traded on the New York Stock Exchange or other national securities exchange, the Fair Market Value thereof
shall be determined in good faith by the Administrator and in compliance with Code Section 409A. 
 “Fortive” shall
mean Fortive Corporation, a Delaware corporation. 
 “Gross Misconduct” means the Participant has: 

  
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 (i) Committed fraud, misappropriation, embezzlement, willful misconduct or gross negligence
with respect to the Company or any Subsidiary thereof, or any other action in willful disregard of the interests of the Company or any Subsidiary thereof; 

(ii) Been convicted of, or pled guilty or no contest to, (i) a felony, (ii) any misdemeanor (other than a traffic violation) with
respect to his/her employment, or (iii) any other crime or activity that would impair his/her ability to perform his/her duties or impair the business reputation of the Company or any Subsidiary; 

(iii) Refused or willfully failed to adequately perform any duties assigned to him/her; or 

(iv) Refused or willfully failed to comply with standards, policies or procedures of the Company or any Subsidiary thereof, including without
limitation the Company’s Standards of Conduct as amended from time to time. 
 “Incentive Stock Option” or
“ISO” means a stock option intended to qualify as an incentive stock option within the meaning of Code Section 422. 

“Normal Retirement” means an employee voluntarily ceases to be an Employee at or after reaching age sixty-five (65). 

“Option” means a stock option granted pursuant to Section 6 of the Plan that is not an ISO, entitling the Optionee to
purchase Shares at a specified price. 
 “Optionee” means an Employee, Consultant, or Director who has been granted an
Option under this Plan or, where appropriate, a person authorized to exercise an Option in place of the intended original Optionee. 

“Other Stock-Based Awards” are Awards (other than Options, SARs, RSUs and Restricted Stock Grants) granted under
Section 10 of the Plan that are denominated in, valued in whole or in part by reference to, or otherwise based on or related to, Common Stock. 

“Participant” means Optionees and Recipients, collectively. The term “Participant” also includes, where
appropriate, a person authorized to exercise an Option or hold or receive another Award in place of the intended original Optionee or Recipient. 

“Performance Objectives” means one or more objective or subjective performance factors as determined by the Administrator
with respect to each Performance Period. 
 “Performance Period” means a period for which Performance Objectives are set
and during which performance is to be measured to determine whether a Participant is entitled to payment in respect of an Award under the Plan. A Performance Period may coincide with one or more complete or partial calendar or fiscal years of the
Company. Unless otherwise designated by the Administrator, the Performance Period will be based on the calendar year. 

“Plan” means this 2020 Stock Incentive Plan, as amended from time to time. 

  
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 “Recipient” means an Employee, Consultant, or Director who has been granted
an Award other than an Option under this Plan or, where appropriate, a person authorized to hold or receive such an Award in place of the intended original Recipient. 

“Restricted Stock Grant” means a direct grant of Common Stock, as awarded under Section 8 of the Plan. 

“Restricted Stock Unit” or “RSU” means a bookkeeping entry representing an unfunded right to receive (if
conditions are met) one share of Common Stock, as awarded under Section 9 of the Plan. 
 “Retirement” means both
Early Retirement and Normal Retirement, as defined herein. 
 “Section 16 Persons” means those officers,
directors or other persons who are subject to Section 16 of the Exchange Act. 
 “Securities Act” means the U.S.
Securities Act of 1933, as amended. 
 “Stock Appreciation Right” or “SAR” means any right granted under
Section 7 of the Plan. 
 “Subsidiary” means any corporation, limited liability company, partnership or other entity
(other than the Company) in an unbroken chain beginning with the Company if, at the time an Award is granted to a Participant under the Plan, each of such entities (other than the last entity in the unbroken chain) owns stock or other equity
possessing twenty percent (20%) or more of the total combined voting power of all classes of stock or equity in one of the other entities in such chain. 

“Substantial Corporate Change” has the meaning set forth in Section 17(a) of the Plan. 

 

	3.	 Eligibility. All Employees, Consultants, and Directors are eligible for Awards under this Plan. Eligible
Employees, Consultants, and Directors become Optionees or Recipients when the Administrator grants them, respectively, an Option or one of the other Awards under this Plan. 

  
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	4.	 Administration of the Plan. 

(a) The Administrator. The Administrator of the Plan is the Compensation & Management Development Committee of the Board,
unless the Board specifies another committee or the Board elects to act in such capacity. The Administrator is responsible for the general operation and administration of the Plan and for carrying out its provisions and has full discretion in
interpreting and administering the provisions of the Plan. Subject to the express provisions of the Plan, the Administrator may exercise such powers and authority of the Board as the Administrator may find necessary or appropriate to carry out its
functions. The Administrator may delegate its functions to Employees (other than the power to grant awards to Eligible Directors or Section 16 Persons), to the extent permitted under applicable Delaware corporate law. 

(b) Rule 16b-3 Compliance. Awards to Section 16 Persons shall be made only by either
(i) a Committee (or a subcommittee of the Committee) consisting solely of two or more non-employee Directors or (ii) the Board, in either case in accordance with Rule
16b-3. 
 (c) Powers of the Administrator. The Administrator’s powers will include, but
not be limited to, the power to: construe and interpret the terms of the Plan and Awards granted pursuant to the Plan (including the power to remedy any ambiguity, inconsistency, or omission); amend, waive, or extend any provision or limitation of
any Award (except as limited by the terms of the Plan); in order to fulfill the purposes of the Plan and without amending the Plan, vary the terms of or modify Awards to Participants who are foreign nationals or employed outside of the United States
in order to recognize differences in local law, tax policies or customs; and adopt such procedures as are necessary or appropriate to carry out the foregoing. 

(d) Granting of Awards. Subject to the terms of the Plan, the Administrator will, in its sole discretion, determine the Optionees and
the Recipients of other Awards and will determine either initially or subsequent to the grant of the relevant Award: 
 (i)
the terms of such Awards; 
 (ii) the schedule for exercisability and nonforfeitability, including any requirements that the
Participant or the Company satisfy performance criteria or Performance Objectives, and the acceleration of the exercisability or nonforfeitability of the Awards (for the avoidance of doubt, the Administrator shall have discretion to accelerate the
vesting of all or a portion of any performance-based vesting conditions or Performance Objectives); 
 (iii) the time and
conditions for expiration of the Awards; and 
 (iv) the form of payment due upon exercise or grant of Awards. 

Notwithstanding anything to the contrary in this Plan, the Administrator may in its sole discretion reduce or eliminate a Participant’s
unvested Award or Awards if he or she changes classification from a full-time Employee to a part-time Employee. 
 (e) Substitutions.
The Administrator may also grant Awards in conversion or replacement of or substitution for options or other equity awards or interests held by individuals who become Employees of the Company or of an Eligible Subsidiary as a result of the

  
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Company’s acquiring or merging with the individual’s employer. If necessary to conform the Awards to the awards or interests for which they are substitutes, the Administrator may grant
substitute Awards under terms and conditions that vary from those the Plan otherwise requires. Notwithstanding anything in the foregoing to the contrary, any Award to any Participant who is a U.S. taxpayer will be adjusted appropriately pursuant to
Code Section 409A. 
 (f) Effect of Administrator’s Decision. The Administrator’s determinations under the Plan need
not be uniform and need not consider whether actual or potential Participants are similarly situated. All decisions, determinations and interpretations of the Administrator shall be final and binding on all holders of any Award. 

(g) Minimum Vesting Schedule. Notwithstanding anything to the contrary in this Plan, each Award granted under this Plan shall be
subject to a minimum vesting schedule or performance period, as applicable, of not less than one (1) year; provided, however, that up to five percent (5%) of the shares authorized for grant under this Plan may be issued without regard to
the foregoing minimum vesting period and that, for purposes of Awards granted to Directors, “one (1) year” may mean the period of time from one annual stockholders meeting to the next annual stockholders meeting as long as such period
of time is not less than fifty (50) weeks, and provided, further, that the Administrator may waive the restrictions set forth in this sentence in its sole discretion (i) in the event of death, Disability, Retirement, a Substantial
Corporate Change or as otherwise determined by the Administrator on such terms and conditions as it deems appropriate and (ii) for Awards granted in settlement of an obligation to pay cash under the Company’s compensatory plans and
deferred compensation arrangements. 
  

	5.	 Stock Subject to the Plan. 

(a) Share Limits; Shares Available. Except as adjusted below in the event of a Substantial Corporate Change or as provided under
Section 16 of the Plan, the aggregate number of shares of Common Stock that may be issued under the Awards (including Conversion Awards) may not exceed seventeen million (17,000,000) shares. The Common Stock may come from treasury shares,
authorized but unissued shares, or previously issued shares that the Company reacquires, including shares it purchases on the open market. If any Award (including any Conversion Award) expires, is canceled, or terminates for any other reason, the
shares of Common Stock available under that Award will again be available for the granting of new Awards. Any such returning shares of Common Stock shall be credited to the share reserve set forth above on the same basis as the original Award was
debited. Any shares of Common Stock surrendered for the payment of the Exercise Price under Options or SARs or for withholding taxes, and shares of Common Stock repurchased in the open market with the proceeds of an Option exercise, may not again be
made available for issuance under the Plan. Shares of Common Stock issued to convert, replace or adjust outstanding Options or other equity-compensation awards in connection with a merger or acquisition, as permitted by NYSE Listed Company Manual
Section 303A.08 or any successor provision, shall not reduce the number of shares available for issuance under the Plan. 
 (b)
Director Share Limits. Subject to adjustment as provided in Section 16 of the Plan, the total value of any Awards granted to such Director in such calendar year (calculating 

  
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the value of any such Awards based on the grant date fair value of such Awards for the Company’s financial reporting purposes), when aggregated with such Director’s cash fees with
respect to such calendar year, shall not exceed seven hundred fifty thousand dollars ($750,000) in the aggregate. The Administrator may make exceptions to increase such limit to one million dollars ($1,000,000) for individual Directors in
extraordinary circumstances, such as where a Director serves as the non-executive chairman of the Board or as a member of a special litigation or transactions committee of the Board, as the Board may determine
in its discretion, provided that the Director receiving such additional compensation may not participate in the decision to award such compensation involving such Director. 

(c) Stockholder Rights; Dividend and Dividend Equivalent. Except for Restricted Stock Grants, the Participant will have no
rights of a stockholder with respect to the shares of Common Stock subject to an Award except to the extent that the Company has issued certificates for, or otherwise confirmed ownership of, such shares upon the exercise or, as applicable, the grant
or nonforfeitability, of an Award. No adjustment will be made for a dividend or other right for which the record date precedes the date of exercise or nonforfeitability, as applicable. For the sake of clarity, no dividends or “dividend
equivalents” corresponding to an Award may be delivered prior to the vesting of such Award. Any dividends or “dividend equivalents” that have accrued or are credited shall be delivered if and only to the same extent the Award to which
such dividend or “dividend equivalent” relates vests. 
 (d) Fractional Shares. The Company will not issue fractional
shares of Common Stock pursuant to the exercise or vesting of an Award. Any fractional share will be rounded up and issued to the Participant in a whole share, except to the extent that such rounding would result in the imposition of any individual
tax and penalty interest charges imposed under Code Section 409A, in which case fractional shares will be rounded down. 
  

	6.	 Terms and Conditions of Options. 

(a) General. Options granted to Employees, Consultants, and Directors are not intended to qualify as Incentive Stock Options. Other than
as provided under Section 16 of the Plan and except in connection with a merger, acquisition, spinoff, or other similar corporate transaction, the Administrator may not (1) reduce the Exercise Price of any outstanding Option,
(2) cancel and re-grant any outstanding Option under the Plan with a lower exercise price, or (3) cancel underwater options for cash, unless in each case the Company’s stockholders have approved
such action. Subject to the foregoing, the Administrator may set whatever conditions it considers appropriate for the Options, including time-based and/or performance-based vesting conditions. 

(b) Exercise Price. The Administrator will determine the Exercise Price under each Option and may set the Exercise Price without regard
to the Exercise Price of any other Options granted at the same or any other time. The Exercise Price per share for the Options may not be less than 100% of the Fair Market Value of a share of Common Stock on the Date of Grant, except in the event of
an Option substitution as contemplated by Section 4(e) of the Plan, as provided under Section 16 of the Plan or in connection with the issuance of Conversion Awards. The Company may use the consideration it receives from the Optionee for
general corporate purposes. 

  
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 (c) Exercisability. The Administrator will determine the times and conditions for
exercise of each Option but may not extend the period for exercise of an Option beyond the tenth anniversary of its Date of Grant. Options will become exercisable at such times and in such manner as the Administrator determines (either initially or
subsequent to the grant of the relevant Award); provided, however, that the Administrator may, on such terms and conditions as it determines appropriate, accelerate the time at which the Optionee may exercise any portion of an Option. If the
Administrator does not specify otherwise at the Date of Grant, Options for Employees will become exercisable as to one-fifth of the covered shares of Common Stock on each of the first five anniversaries of the
Date of Grant, and Options for Eligible Directors will be exercisable in full as of the Date of Grant. 
 (d) Method of Exercise. To
exercise any exercisable portion of an Option, the Optionee must: 
 (i) Deliver a written notice of exercise to the
Secretary of the Company (or to whomever the Administrator designates), in a form complying with any rules the Administrator may issue and specifying the number of shares of Common Stock underlying the portion of the Option the Optionee is
exercising; 
 (ii) Pay the full Exercise Price by cashier’s or certified check or wire transfer of immediately
available funds for the shares of Common Stock with respect to which the Option is being exercised, unless the Administrator consents to another form of payment (which could include the use of Common Stock); and 

(iii) Deliver to the Secretary of the Company (or to whomever the Administrator designates) such representations and documents
as the Administrator, in its sole discretion, may consider necessary or advisable. 
 Payment in full of the Exercise Price need not
accompany the written notice of exercise provided the notice directs that the shares of Common Stock issued upon the exercise be delivered, either in certificate form or in book entry form, to a licensed broker acceptable to the Company as the agent
for the individual exercising the Option and at the time the shares are delivered to the broker, either in certificate form or in book entry form, the broker will tender to the Company cash or cash equivalents acceptable to the Company and equal to
the Exercise Price. 
 The Administrator may agree to payment through the tender to the Company of shares of Common Stock. Shares of Common
Stock offered as payment will be valued, for purposes of determining the extent to which the Optionee has paid the Exercise Price, at their Fair Market Value on the date of exercise. 

(e) Term. No one may exercise an Option more than ten years after its Date of Grant. 

(f) Automatic Exercise of Certain Expiring Options. Notwithstanding any other provision of this Plan or any Award Agreement (other than
this Section), on the last trading day on which all or a portion of an outstanding Option may be exercised, if as of the close of trading on such day the then Fair Market Value of a share of Common Stock exceeds the per share Exercise Price of the
Option by at least $.01 (such expiring portion of an Option that is so in-the-

  
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money, an “Auto-Exercise Eligible Option”), the Optionee shall be deemed to have automatically exercised such Auto-Exercise Eligible Option (to the extent it has not previously
been exercised or forfeited) as of the close of trading in accordance with the provisions of this Section. In the event of an automatic exercise pursuant to this Section, the Company shall reduce the number of shares of Common Stock issued to the
Optionee upon such Optionee’s automatic exercise of the Auto-Exercise Eligible Option in an amount necessary to satisfy (1) the Optionee’s Exercise Price obligation for the Auto-Exercise Eligible Option, and (2) the minimum
applicable Federal, state, local and, if applicable, foreign income and employment tax and social insurance withholding requirements arising upon the automatic exercise (unless the Administrator deems that a different method of satisfying such
withholding obligations is practicable and advisable), in each case based on the Fair Market Value of the Common Stock as of the close of trading on the date of exercise. In accordance with procedures established by the Administrator, an Optionee
may notify the Company’s record-keeper in writing in advance that he or she does not wish for the Auto-Exercise Eligible Option to be exercised. This Section shall not apply to any Option to the extent that the Administrator determines that
this Section causes the Option to fail to qualify for favorable tax treatment under applicable law. In its discretion, the Company may determine to cease automatically exercising Options at any time. 

 

	7.	 Terms and Conditions of Stock Appreciation Rights. 

(a) General. A SAR represents the right to receive a payment, in cash, shares of Common Stock or both (as determined by the
Administrator), equal to the excess of the Fair Market Value on the date the SAR is exercised over the SAR’s Exercise Price. The Administrator shall be subject to the same limitations on the reduction of an SAR Exercise Price as is applicable
to the reduction of the Exercise Price of an Option under Section 6(a) of the Plan. 
 (b) Exercise Price. The Administrator
will establish in its sole discretion the Exercise Price of a SAR and all other applicable terms and conditions, including time-based and/or performance-based vesting conditions. The Exercise Price for the SAR may not be less than 100% of the Fair
Market Value of a share of Common Stock on the Date of Grant, except in the event of an SAR substitution as contemplated by Section 4(e) of the Plan, as provided under Section 16 of the Plan or in connection with the issuance of any SAR
that is granted in tandem with an Option. 
 (c) Exercisability. The Administrator will determine the times and conditions for
exercise of each SAR but may not extend the period for exercise of a SAR beyond the tenth anniversary of its Date of Grant. SARs will become exercisable at such times and in such manner as the Administrator determines (either initially or subsequent
to the grant of the relevant Award); provided, however, that the Administrator may, on such terms and conditions as it determines appropriate, accelerate the time at which the Participant may exercise any portion of a SAR. If the
Administrator does not specify otherwise, SARs will become exercisable as to one-fifth of the covered shares of Common Stock on each of the first five anniversaries of the Date of Grant. 

(d) Term. No one may exercise a SAR more than ten years after its Date of Grant. 

  
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	8.	 Terms and Conditions of Restricted Stock Grants. 

(a) General. A Restricted Stock Grant is a direct grant of Common Stock, subject to restrictions and vesting conditions, including
time-based vesting conditions and/or the attainment of performance-based vesting conditions or Performance Objectives, as determined by the Administrator. The Company shall issue the shares to each Recipient of a Restricted Stock Grant either
(i) in certificate form or (ii) in book entry form, registered in the name of the Recipient, with legends or notations, as applicable, referring to the terms, conditions, and restrictions applicable to the Award; provided that the Company
may require that any stock certificates evidencing Restricted Stock Grants be held in the custody of the Company or its agent until the restrictions thereon shall have lapsed, and that, as a condition of any Restricted Stock Grant, the Participant
shall have delivered a stock power, endorsed in blank, relating to the shares of Common Stock covered by such Award. 
 (b) Purchase
Price. The Administrator may satisfy any Delaware corporate law requirements regarding adequate consideration for Restricted Stock Grants by (i) issuing Common Stock held as treasury stock or repurchased on the open market or
(ii) charging the Recipients at least the par value for the shares of Common Stock covered by the Restricted Stock Grant. 
 (c)
Lapse of Restrictions. The shares of Common Stock underlying such Restricted Stock Grants will become nonforfeitable at such times and in such manner as the Administrator determines (either initially or subsequent to the grant of the relevant
Award); provided, however, that the Administrator may, on such terms and conditions as it determines appropriate, accelerate the time at which restrictions or other conditions on such Restricted Stock Grants will lapse. If the Administrator
does not specify otherwise, any time-based vesting restrictions on Restricted Stock Grants will lapse as to one-half of the covered shares of Common Stock on each of the fourth and fifth anniversaries of the
Date of Grant. Unless otherwise specified by the Administrator, any performance-based vesting conditions or Performance Objectives must be satisfied, if at all, prior to the 10th anniversary of the Date of Grant. 

(d) Rights as a Stockholder. A Recipient who is awarded a Restricted Stock Grant under the Plan shall have the same voting, dividend
and other rights as the Company’s other stockholders, provided, however, that any dividends paid on the shares of Common Stock underlying such Restricted Stock Grant will be accumulated and delivered if and only to the same extent as the
Restricted Stock Grant vests. After the lapse of the restrictions without forfeiture in respect of the Restricted Stock Grant, the Company shall remove any legends or notations referring to the terms, conditions and restrictions on such shares of
Common Stock and, if certificated, deliver to the Participant the certificate or certificates evidencing the number of such shares of Common Stock. 
  

	9.	 Terms and Conditions of Restricted Stock Units. 

(a) General. RSUs shall be credited as a bookkeeping entry in the name of the Recipient in an account maintained by the Company. No
shares of Common Stock are actually issued to the Recipient in respect of RSUs on the Date of Grant. Shares of Common Stock shall be issuable to the Recipient only upon the lapse of such restrictions and satisfaction of such vesting conditions,
including time-based vesting conditions and/or the attainment of performance-based vesting conditions or Performance Objectives, as determined by the Administrator. 

  
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 (b) Purchase Price. The Administrator may satisfy any Delaware corporate law
requirements regarding adequate consideration for RSUs by (i) issuing Common Stock held as treasury stock or repurchased on the open market or (ii) charging the Recipients at least the par value for the shares of Common Stock covered by
the RSUs. 
 (c) Lapse of Restrictions. RSUs will vest and the underlying shares of Common Stock will become nonforfeitable at such
times and in such manner as the Administrator determines (either initially or subsequent to the grant of the relevant Award); provided, however, that the Administrator may, on such terms and conditions as it determines appropriate, accelerate
the time at which restrictions or other conditions on such RSUs will lapse. If the Administrator does not specify otherwise, any time-based vesting restrictions on RSUs will lapse as to one-half of the covered
shares of Common Stock on each of the fourth and fifth anniversaries of the Date of Grant. Unless otherwise specified by the Administrator, any performance-based vesting conditions or Performance Objectives must be satisfied, if at all, prior to the
10th anniversary of the Date of Grant. 
 (d) Rights as a Stockholder. A Recipient who is awarded RSUs under the Plan shall possess
no incidents of ownership with respect to the underlying shares of Common Stock. 
  

	10.	 Terms and Conditions of Other Stock-Based Awards. The Administrator may grant Other Stock-Based Awards
that are denominated in, valued in whole or in part by reference to, or otherwise based on or related to, Common Stock. The purchase, exercise, exchange or conversion of Other Stock-Based Awards and all other terms and conditions applicable to such
Awards will be determined by the Administrator in its sole discretion. 

  

	11.	 Converted Fortive Awards. The Company is authorized to issue Awards (“Conversion
Awards”) in connection with the equitable adjustment and/or replacement of certain equity-based awards granted by Fortive prior to the separation of the Company from Fortive (the “Separation”) (collectively, the “Fortive
Awards”). Notwithstanding any other provision of the Plan to the contrary, in accordance with a formula for conversion and/or replacement of the Fortive Awards as determined by the Company in a manner consistent with the Separation, the
number of shares of Common Stock subject to a Conversion Award and the exercise price of any Conversion Award that is an Option shall be determined by the Administrator. 

 

	12.	 Termination of Employment. Unless the Administrator determines otherwise (either initially or subsequent
to the grant of the relevant Award), the following rules shall govern the vesting, exercisability and term of outstanding Awards held by a Participant in the event of termination of such Participant’s employment, where termination of employment
means the time when the active employer-employee or other active service- providing relationship between the Participant and the Company or an Eligible Subsidiary ends for any reason, including Retirement. For purposes of Awards granted under this
Plan, the Administrator shall have sole discretion to determine whether a Participant has ceased to be actively employed by (or, in the case of a Consultant or Director, has ceased actively providing services to) the Company or Eligible Subsidiary,

  
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and the effective date on which such active employment (or active service-providing relationship) terminated. For the avoidance of doubt, a Participant’s active employer- employee or other
active service-providing relationship shall not be extended by any notice period mandated under local law (e.g., active employment shall not include a period of “garden leave”, paid administrative leave or similar period pursuant to
local law), and in the event of a Participant’s termination of employment (whether or not in breach of local labor laws), Participant’s right to exercise any Option or SAR after termination of employment, if any, shall be measured by the
date of termination of active employment or service and shall not be extended by any notice period mandated under local law. Unless the Administrator provides otherwise (either initially or subsequent to the grant of the relevant Award) (1)
termination of employment will include instances in which a common law employee is terminated and immediately rehired as an independent contractor, and (2) the spin-off, sale, or disposition of a
Participant’s employer from the Company or an Eligible Subsidiary (whether by transfer of shares, assets or otherwise) such that the Participant’s employer no longer constitutes an Eligible Subsidiary shall constitute a termination of
employment or service. 

 (a) General. Upon termination of employment for any reason other than death, Early Retirement
or (with respect to Options and SARs) Normal Retirement, all unvested portions of any outstanding Awards shall be immediately forfeited without consideration. The vested portion of any outstanding RSUs or Other Stock-Based Awards shall be settled
upon termination and, except as set forth in subsections (b) – (h) of this Section 12, the Participant shall have a period of ninety (90) days, commencing with the first date the Participant is no longer actively employed, to exercise
the vested portion of any outstanding Options or SARs, subject to the term of the Option or SAR; provided, however, that if the exercise of an Option or SAR following termination of employment (to the extent such post-termination exercise is
permitted under this Section 12(a)) is not covered by an effective registration statement on file with the U.S. Securities and Exchange Commission, then the Option or SAR shall terminate upon the later of (i) thirty (30) days after such
exercise becomes covered by an effective registration statement, or (ii) the end of the original post-termination exercise period; provided, however, that in no event may an Option or SAR be exercised after the expiration of the term of
the Award. 
 (b) Normal Retirement. Upon termination of employment by reason of the Participant’s Normal Retirement, unless
contrary to applicable law and unless otherwise provided by the Administrator either initially or subsequent to the grant of the relevant Award (i) subject to the term of the Award any Options or SARs held by the Participant as of the Normal
Retirement date will remain outstanding, continue to vest and may be exercised until the fifth anniversary of the Normal Retirement (or if earlier, the termination date of the Award), and (ii) all unvested portions of any other outstanding
Awards (including without limitation RSUs and Restricted Stock Grants) shall be immediately forfeited without consideration. 
 (c) Early
Retirement. Upon termination of employment by reason of the Participant’s Early Retirement, unless contrary to applicable law and unless otherwise provided by the Administrator either initially or subsequent to the grant of the relevant
Award (i) the time-based vesting of any portion of any RSU or Restricted Stock Grant scheduled to vest during the five-year period immediately following such Early Retirement shall be accelerated (provided that if any performance-based
vesting conditions or Performance Objectives remain unsatisfied as of 

  
 12 

 
the Early Retirement date (and the relevant Performance Period has not expired), the Award shall remain outstanding for up to five years after such date (or, if earlier, up to the termination
date of the Award) to determine whether such conditions or objectives become satisfied and the Award shall become fully vested once it has been determined that such conditions or objectives have been satisfied within the applicable period (at which
point, the vested shares of Common Stock will be delivered to the Participant)), and any portion of such Award subject to time- based vesting conditions not scheduled to vest until after the fifth anniversary of such Early Retirement shall be
forfeited, and (ii) subject to the term of the Award any Options or SARs held by the Participant as of the Early Retirement date will remain outstanding, continue to vest and may be exercised until the fifth anniversary of the Early Retirement
(or if earlier, the termination date of the Award). Notwithstanding anything to the contrary in this Plan, in connection with any determination to grant Early Retirement to a Participant the Administrator in its sole discretion may determine to
grant Early Retirement with respect to a specified portion, but less than all, of the Participant’s outstanding Awards. 
 (d)
Death. Upon termination of employment by reason of the Participant’s death: 
 (i) All unexpired Options and SARs
will become fully exercisable and, subject to the term of the Option or SAR, may be exercised for a period of twelve (12) months thereafter by the personal representative of the Participant’s estate or any other person to whom the Option
or SAR is transferred under a will or under the applicable laws of descent and distribution. 
 (ii) A portion of the
outstanding RSUs and Restricted Stock Grants shall become vested which will be determined as follows. With respect to each portion of an Award of RSUs or Restricted Stock Grant that is scheduled to vest on a particular vesting date, upon the
Participant’s death, a pro rata amount of the RSUs or the Restricted Stock Grant will vest based on the number of complete twelve-month periods between the Date of Grant and the date of death, (provided that any partial twelve-month
period between the Date of Grant and the date of death shall also be considered a complete twelve-month period for purposes of this pro-ration methodology), divided by the total number of twelve-month periods
between the Date of Grant and the particular, scheduled vesting date. Any fractional right to a share of Common Stock that results from applying the pro rata methodology described herein shall be rounded up to a right to a whole share. 

(iii) With respect to any Award other than an Option, SAR, RSU or Restricted Stock Grant, all unvested portions of the Award
shall be immediately forfeited without consideration, unless otherwise provided by the Administrator. 
 (e) Disability. Upon
termination of employment by reason of the Participant’s Disability, all unvested portions of any outstanding Awards shall be immediately forfeited without consideration. The vested portion of any Option or SAR will remain outstanding and,
subject to the term of the Option or SAR, may be exercised by the Participant at any time until the first anniversary of the Participant’s termination of employment for Disability. The vested portion of any Award other than an Option or SAR
shall be settled upon termination of employment. 

  
 13 

 (f) Gross Misconduct. Upon termination of employment by reason of the
Participant’s Gross Misconduct, as determined by the Administrator, all unexercised Options and SARs, unvested portions of RSUs, unvested portions of Restricted Stock Grants and unvested portions of any Other Stock-Based Awards granted under
the Plan shall terminate and be forfeited immediately without consideration. Without limiting the foregoing provision, a Participant’s termination of employment shall be deemed to be a termination of employment by reason of the
Participant’s Gross Misconduct if, after the Participant’s employment has terminated, facts and circumstances are discovered or confirmed that would have justified a termination for Gross Misconduct. 

(g) Post-Termination Covenants. Notwithstanding any other provision in the Plan, to the extent any Award may remain outstanding under
the terms of the Plan after termination of the Participant’s employment or service, the Award will nevertheless expire as of the date that the former Employee, Director or Consultant violates any covenant not to compete or any other
post-termination covenant (including without limitation any nonsolicitation, nonpiracy of employees, nondisclosure, nondisparagement, works-made-for-hire or similar
covenants) in effect between the Company and/or any Subsidiary thereof, on the one hand, and the former Employee, Director or Consultant on the other hand, as determined by the Administrator. 

(h) Leave of Absence. To the extent approved by the Administrator (either specifically or pursuant to rules adopted by the
Administrator) or otherwise required by applicable law, the active employer-employee or other active service- providing relationship between the Participant and the Company or an Eligible Subsidiary shall not be considered interrupted in the case
of: (i) sick leave; (ii) military leave; or (iii) any other leave of absence. For the avoidance of doubt, the Administrator, in its sole discretion, may determine that a Participant’s leave of absence to complete a course of
study will not constitute termination of employment for purposes of the Plan. Further, during any approved leave of absence, the Administrator shall have sole discretion to provide (either specifically or pursuant to rules adopted by the
Administrator) that the vesting of any Awards held by the Participant shall be frozen as of the first day of the leave (or as of any subsequent day during such leave, as applicable), and shall not resume until and unless the Participant returns to
active employment prior to the expiration of the term (if any) of the Awards, subject to any requirements of applicable laws or contract. The Administrator, in its sole discretion, will determine all questions of whether particular terminations or
leaves of absence are terminations of active employment or service. 
  

	13.	 Award Agreements. The Administrator will communicate the material terms and conditions of an Award to
the Participant in any form it deems appropriate, which may include the use of an Award Agreement that the Administrator may require the Participant to sign. To the extent the Award Agreement is inconsistent with the Plan, the Plan will govern. The
Award Agreements may contain special rules, particularly for Participants located outside the United States. To the extent the Administrator determines not to document the terms and conditions of an Award in an Award Agreement, the terms and
conditions of the Award shall be as set forth in the Plan and in the Administrator’s records. 

  
 14 

	14.	 Award Holder. During the Participant’s lifetime and except as provided under Section 22 of the
Plan, only the Participant or his/her duly appointed guardian may exercise or hold an Award (other than nonforfeitable shares of Common Stock). After the Participant’s death, the personal representative of his or her estate or any other person
authorized under a will or under the laws of descent and distribution may exercise any then exercisable portion of an Award or hold any then nonforfeitable portion of any Award. If someone other than the original Participant seeks to exercise or
hold any portion of an Award, the Administrator may request such proof as it may consider necessary or appropriate of the person’s right to exercise or hold the Award. 

 

	15.	 Performance Rules. Subject to the terms of the Plan, the Administrator will have the authority to
establish and administer performance-based grant and/or vesting conditions and Performance Objectives with respect to such Awards as it considers appropriate. Notwithstanding satisfaction of applicable Performance Objectives, the number of shares of
Common Stock or other benefits received under an Award that are otherwise earned upon satisfaction of such Performance Objectives may be reduced or increased by the Administrator on the basis of such further considerations that the Administrator in
its sole discretion shall determine. 

  

	16.	 Adjustments upon Changes in Capital Stock. Subject to any required action by the Company (which it shall
promptly take) or its stockholders, and subject to the provisions of applicable corporate law, if the outstanding shares of Common Stock increase or decrease or change into or are exchanged for a different number or kind of security by reason of any
recapitalization, reclassification, stock split, reverse stock split, combination of shares, exchange of shares, stock dividend, or other distribution payable in capital stock, some other increase or decrease in such Common Stock occurs without the
Company’s receiving consideration, the Administrator shall make a proportionate and appropriate adjustment as the Administrator in its sole discretion deems to be appropriate, in any of the following in order to prevent dilution or enlargement
of the benefits or potential benefits intended to be made available under the Plan: (a) the kind and number of shares of Common Stock, other securities or property or the amount of cash subject to each outstanding Award; (b) the Exercise
Price or purchase price of any outstanding Award; and (c) the aggregate number of shares of Common Stock which thereafter may be made the subject of Awards, including the limit specified in Section 5(a) of the Plan regarding the number of
shares available for Awards. 

 In the event of a declaration of an extraordinary dividend on the Common Stock payable in
a form other than Common Stock in an amount that has a material effect on the price of the Common Stock, the Administrator shall make a proportionate and appropriate adjustment as the Administrator in its sole discretion deems to be appropriate to
the items set forth in any of subsections (a) through (c) in the preceding paragraph in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan. 

Any issue by the Company of any class of preferred stock, or securities convertible into shares of common or preferred stock of any class,
will not affect, and no adjustment by reason thereof will be made with respect to, the number of shares of Common Stock subject to any Award or the Exercise Price except as this Section 16 specifically provides. The grant of an Award under the
Plan will not affect in any way the right or power of the Company to make adjustments, reclassifications, reorganizations or changes of its capital or business structure, or to merge or to consolidate, or to dissolve, liquidate, sell, or transfer
all or any part of its business or assets. 

  
 15 

	17.	 Substantial Corporate Change. 

(a) Definition. A Substantial Corporate Change means the consummation of: 

(i) the dissolution or liquidation of the Company; or 

(ii) the merger, consolidation, or reorganization of the Company with one or more corporations, limited liability companies,
partnerships or other entities in which the Company is not the surviving entity (other than a merger, consolidation or reorganization which would result in the voting securities of the Company outstanding immediately prior to such event continuing
to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) more than 50% of the combined voting power of the voting securities of the surviving entity outstanding immediately after such
merger, consolidation or reorganization and with the power to elect at least a majority of the board of directors or other governing body of such surviving entity); or 

(iii) the sale of all or substantially all of the assets of the Company to another person or entity; or 

(iv) any transaction (including a merger or reorganization in which the Company survives) approved by the Board that results in
any person or entity (other than any affiliate of the Company as defined in Rule 144(a)(1) under the Securities Act) owning 100% of the combined voting power of all classes of stock of the Company. 

For the avoidance of doubt, neither the Separation nor any further disposition of any or all of Fortive’s ownership interests in the Company will
constitute a Substantial Corporate Change. 
 (b) Treatment of Awards. Upon a Substantial Corporate Change, the Plan and any
forfeitable portions of the Awards will terminate unless provision is made in writing in connection with such transaction for the assumption or continuation of outstanding Awards, or the substitution for such Awards of any options or grants covering
the stock or securities of a successor employer corporation, or a parent or subsidiary of such successor, with appropriate adjustments as to the number and kind of shares of stock and prices, in which event the Awards will continue in the manner and
under the terms so provided. Unless the Board determines otherwise, if an Award would otherwise terminate pursuant to the preceding sentence, the Administrator will either: 

(i) provide that Optionees or holders of SARs will have the right, at such time before the consummation of the transaction
causing such termination as the Board reasonably designates, to exercise any unexercised portions of an Option or SAR, whether or not they had previously become exercisable; or 

  
 16 

 (ii) for any Awards, cause the Company, or agree to allow the successor, to
cancel each Award after payment to the Participant of an amount in cash, cash equivalents, or successor equity interests substantially equal to the value of the Award under the transaction as determined by the Administrator (minus, for Options and
SARs, the Exercise Price for the shares covered by the Option or SAR (and for any Awards, where the Board or the Administrator determines it is appropriate, any required tax withholdings)). 

 

	18.	 Participants Outside the United States. To comply with the laws in other countries in which the Company
or any of its Subsidiaries operates or has Employees, Directors or Consultants, the Administrator, in its sole discretion, shall have the power and authority to: 

(a) Determine which Subsidiaries shall be covered by the Plan; 

(b) Determine which Participants outside the United States are eligible to participate in the Plan; 

(c) Either initially or by amendment, modify the terms and conditions of any Award granted to any Participant outside the United States; 

(d) Either initially or by amendment, establish sub-plans and modify exercise procedures and other
terms and procedures, to the extent such actions may be necessary or advisable; and 
 (e) Either initially or by amendment, take any action
that it deems advisable to obtain approval or comply with any applicable government regulatory exemptions or approvals. 
 Although in
establishing such sub-plans, terms or procedures, the Company may endeavor to (i) qualify an Award for favorable foreign tax treatment or (ii) avoid adverse tax treatment, the Company makes no
representation to that effect and expressly disavows any covenant to maintain favorable or avoid unfavorable tax treatment. The Company shall be unconstrained in its corporate activities without regard to the potential negative tax impact on holders
of Awards under the Plan. 
  

	19.	 Legal Compliance. The granting of Awards and the issuance of shares of Common Stock under the Plan shall
be subject to compliance with all applicable requirements imposed by federal, state, local and foreign securities laws and other laws, rules, and regulations, and by any applicable regulatory agencies or stock exchanges. The Company shall have no
obligation to issue shares of Common Stock issuable under the Plan or deliver evidence of title for shares of Common Stock issued under the Plan prior to obtaining any approvals from governmental agencies that the Company determines are necessary,
and completion of any registration or other qualification of the shares of Common Stock under any applicable national or foreign law or ruling of any governmental body that the Company determines to be necessary. To that end, the Company may require
the Participant to take any reasonable action to comply with such requirements before issuing such shares of Common Stock. No provision in the Plan or action taken under it authorizes any action that is otherwise prohibited by federal, state, local
or foreign laws, rules, or regulations, or by any applicable regulatory agencies or stock exchanges. 

  
 17 

 The Plan is intended to conform to the extent necessary with all provisions of the
Securities Act and the Exchange Act and all regulations and rules the U.S. Securities and Exchange Commission issues under those laws. Notwithstanding anything in the Plan to the contrary, the Administrator must administer the Plan, and Awards may
be granted, vested and exercised, only in a way that conforms to such laws, rules, and regulations. 
  

	20.	 Purchase for Investment and Other Restrictions. Unless a registration statement under the Securities Act
covers the shares of Common Stock a Participant receives under an Award, the Administrator may require, at the time of such grant and/or exercise and/or lapse of restrictions, that the Participant agree in writing to acquire such shares for
investment and not for public resale or distribution, unless and until the shares subject to the Award are registered under the Securities Act. Unless the shares of Common Stock are registered under the Securities Act, the Participant must
acknowledge: 

 (a) that the shares of Common Stock received under the Award are not so registered; 

(b) that the Participant may not sell or otherwise transfer the shares of Common Stock unless the shares have been registered under the
Securities Act in connection with the sale or transfer thereof, or counsel satisfactory to the Company has issued an opinion satisfactory to the Company that the sale or other transfer of such shares is exempt from registration under the Securities
Act; and 
 (c) such sale or transfer complies with all other applicable laws, rules, and regulations, including all applicable federal,
state, local and foreign securities laws, rules and regulations. 
 Additionally, the Common Stock, when issued under an Award, will be
subject to any other transfer restrictions, rights of first refusal, and rights of repurchase set forth in or incorporated by reference into other applicable documents, including the Company’s articles or certificate of incorporation, by-laws, or generally applicable stockholders’ agreements. 
 The Administrator may, in its sole
discretion, take whatever additional actions it deems appropriate to comply with such restrictions and applicable laws, including placing legends on certificates and issuing stop-transfer orders to transfer agents and registrars. 

 

	21.	 Tax Withholding. The Participant must satisfy all applicable Federal, state, local and, if applicable,
foreign income and employment tax and social insurance withholding requirements before the Company will deliver stock certificates or otherwise recognize ownership or nonforfeitability under an Award. The Company may decide to satisfy the
withholding obligations through additional withholding on salary or wages. If the Company does not or cannot withhold from the Participant’s compensation, the Participant must pay the Company, with a cashier’s check or certified check or
by wire transfer of immediately available funds, the full amounts required for withholding. Payment of withholding obligations is due at the same time as is payment of the Exercise Price or lapse of restrictions, as applicable. If the Administrator
so determines, the 

  
 18 

	 	
Participant may instead satisfy the withholding obligations at the Administrator’s election, including (a) by directing the Company to retain shares of Common Stock from the Option or
SAR exercise, RSU vesting or release of the Award, (b) by directing the Company to sell or arrange for the sale of shares of Common Stock that the Participant acquires at the Option or SAR exercise or release of the Award, (c) by tendering
previously owned shares of Common Stock, (d) by attesting to his or her ownership of shares of Common Stock (with the distribution of net shares), or (e) by having a broker tender to the Company cash equal to the withholding taxes, subject
in each case to a withholding of no more than the minimum applicable tax withholding rate or such other rate that will not cause adverse accounting consequences for the Company and is permitted under applicable withholding rules promulgated by the
Internal Revenue Service or another applicable governmental entity. 

  

	22.	 Transfers, Assignments or Pledges. Unless the Administrator otherwise approves in advance in writing or
as set forth below, an Award may not be assigned, pledged, or otherwise transferred in any way, whether by operation of law or otherwise or through any legal or equitable proceedings (including bankruptcy), by the Participant to any person, except
by will or by operation of applicable laws of descent and distribution. If necessary to comply with Rule 16b-3 under the Exchange Act, the Participant may not transfer or pledge shares of Common Stock acquired
under an Award until at least six months have elapsed from (but excluding) the Date of Grant, unless the Administrator approves otherwise in advance in writing. The Administrator may, in its sole discretion, expressly provide that a Participant may
transfer his or her Award, without receiving consideration, to (a) members of the Participant’s immediate family, children, grandchildren, or spouse, (b) a trust in which the Participant and/or such family members collectively have
more than 50% of the beneficial interest, or (c) any other entity in which the Participant and/or such family members own more than 50% of the voting interests. 

 

	23.	 Amendment or Termination of Plan and Awards. The Board may amend, suspend, or terminate the Plan at any
time, without the consent of the Participants or their beneficiaries; provided, however, that no amendment may have a material adverse effect on any Participant or beneficiary with respect to any previously declared Award, unless the
Participant’s or beneficiary’s consent is obtained. Except as required by law or by Section 16 of the Plan in the event of a Substantial Corporate Change, the Administrator may not, without the Participant’s or beneficiary’s
consent, modify the terms and conditions of an Award so as to have a material adverse effect on the Participant or beneficiary. Notwithstanding the foregoing to the contrary, the Board reserves the right, to the extent it deems necessary or
advisable in its sole discretion, to unilaterally modify the Plan and any Awards made thereunder to ensure all Awards and Award Agreements provided to Participants who are U.S. taxpayers are made in such a manner that either qualifies for exemption
from or complies with Code Section 409A including, but not limited to, the ability to increase the exercise or purchase price of an Award (without the consent of the Participant) to the Fair Market Value on the date the Award was granted;
provided, however that the Company makes no representations that the Plan or any Awards will be exempt from or comply with Code Section 409A and makes no undertaking to preclude Code Section 409A from applying to the Plan or any
Award made thereunder. 

  
 19 

	24.	 Privileges of Stock Ownership. No Participant and no beneficiary or other person claiming under or
through such Participant will have any right, title, or interest in or to any shares of Common Stock allocated or reserved under the Plan or subject to any Award except as to such shares of Common Stock, if any, that have been issued to such
Participant. 

  

	25.	 Effect on Other Plans. Whether receiving or exercising an Award causes the Participant to accrue or
receive additional benefits under any pension or other plan is governed solely by the terms of such other plan. 

  

	26.	 Limitations on Liability. Notwithstanding any other provisions of the Plan, no individual acting as a
Director, Employee, or agent of the Company or any of its Subsidiaries shall be liable to any Participant, former Participant, spouse, beneficiary, or any other person for any claim, loss, liability, or expense incurred in connection with the Plan,
nor shall such individual be personally liable because of any contract or other instrument he or she executes in such other capacity. The Company will indemnify and hold harmless each Director, Employee, or agent of the Company or any of its
Subsidiaries to whom any duty or power relating to the administration or interpretation of the Plan has been or will be delegated, against any cost or expense (including attorneys’ fees) or liability (including any sum paid in settlement of a
claim with the Board’s approval) arising out of any act or omission to act concerning this Plan unless arising out of such person’s own fraud or bad faith. 

 

	27.	 No Employment Contract. Nothing contained in this Plan constitutes an employment contract between the
Company and any Participant. The Plan does not give any Participant any right to be retained in the Company’s employ or service, nor does it enlarge or diminish the Company’s right to terminate the Participant’s employment or service.

  

	28.	 Governing Law. The laws of the State of Delaware (other than its choice of law provisions) govern this
Plan and its interpretation. Any dispute that arises with respect to this Plan or any Award granted under this Plan shall be conducted in the courts of New Castle County in the State of Delaware, or the United States Federal court for the District
of Delaware. 

  

	29.	 Duration of Plan. The Plan became effective as of [•], 2020, and except as otherwise expressly
provided by the Administrator, shall govern all Awards previously or subsequently granted hereunder. Unless the Board extends the Plan’s term, the Administrator may not grant Awards under the Plan after [•], 2030. The Plan will then
continue to govern unexercised and unexpired Awards. 

  

	30.	 Recoupment. Notwithstanding any other provisions in the Plan, each Award granted under the Plan which is
subject to recovery under any law, government regulation, stock exchange listing requirement or pursuant to any policy adopted by the Company, as approved by the Board, will be subject to such deductions and clawback as may be required to be made
pursuant to such law, government regulation, stock exchange listing requirement or policy adopted by the Company. 

  
 20 

	31.	 Section 409A Requirements. The Plan as well as payments and benefits under the Plan
are intended to be exempt from or, to the extent subject thereto, to comply with, Code Section 409A, and, accordingly, to the maximum extent permitted, the Plan shall be interpreted in accordance therewith. Notwithstanding anything contained
herein to the contrary, to the extent required in order to avoid accelerated taxation and/or tax penalties under Code Section 409A, the Participant shall not be considered to have terminated employment or service with the Company for purposes
of the Plan and no payment shall be due to the Participant under the Plan or any Award until the Participant would be considered to have incurred a “separation from service” from the Company and its Affiliates within the meaning of Code
Section 409A. Any payments described in the Plan that are due within the “short term deferral period” as defined in Code Section 409A shall not be treated as deferred compensation unless applicable law requires otherwise.
Notwithstanding anything to the contrary in the Plan, to the extent that any Awards (or any other amounts payable under any plan, program or arrangement of the Company or any of its Affiliates) are payable upon a separation from service and such
payment would result in the imposition of any individual tax and penalty interest charges imposed under Code Section 409A, the settlement and payment of such awards (or other amounts) shall instead be made on the first business day after the
date that is six (6) months following such separation from service (or death, if earlier). Each amount to be paid or benefit to be provided under this Plan shall be construed as a separate identified payment for purposes of Code
Section 409A. The Company makes no representation that any or all of the payments or benefits described in this Plan will be exempt from or comply with Code Section 409A and makes no undertaking to preclude Code Section 409A from
applying to any such payment. The Participant shall be solely responsible for the payment of any taxes and penalties incurred under Code Section 409A. 

  
 21EX-10.8

 Exhibit 10.8 

FORM OF 
 VONTIER
CORPORATION 
 2020 STOCK INCENTIVE PLAN 

RESTRICTED STOCK UNIT AGREEMENT 

Unless otherwise defined herein, the terms defined in the Vontier Corporation 2020 Stock Incentive Plan (the “Plan”) will have the
same defined meanings in this Restricted Stock Unit Agreement, including any special terms and conditions for the Participant’s country set forth in the addendum attached thereto as Addendum B (the “Addendum B”) (collectively, the
“Agreement”). 
  

	II.	 NOTICE OF GRANT 

Name: Participant Name 

The undersigned Participant has been granted an Award of Restricted Stock Units, subject to the terms and conditions of the Plan and the
Agreement, as follows (each of the following capitalized terms are defined terms having the meaning indicated below): 
  

			
		
	Date of Grant	  	Grant Date
		
	Number of Restricted Stock Units	  	Number of awards granted
		
	Vesting Schedule:	  	Vesting Schedule
		
	Time-Based Vesting Criteria	  	The RSUs will vest pursuant to the Vesting Schedule noted above.
		
	Performance Objective	  	Set forth on Addendum A (if applicable)

  

	III.	 AGREEMENT 

1. Grant of RSUs. Vontier Corporation (the “Company”) hereby grants to the Participant named in this Notice of Grant (the
“Participant”), an Award of Restricted Stock Units (“RSUs”) subject to the terms and conditions of the Agreement and the Plan, which are incorporated herein by reference. In the event of a conflict between the terms and
conditions of the Plan and the Agreement, the terms and conditions of the Plan shall prevail. 
 2. Vesting. 

(a) Vesting Schedule. Except as may otherwise be set forth in the Agreement or in the Plan, with respect to each Tranche of RSUs
granted under this Agreement (a “Tranche” consists of all RSUs as to which the Time-Based Vesting Criteria are scheduled to be satisfied on the same date), the Tranche shall not vest unless (i) the Participant continues to be actively
employed with the Company or an Eligible Subsidiary for the period required to satisfy the Time-Based Vesting Criteria applicable to such Tranche (the date on which the Time-Based Vesting Criteria applicable to a Tranche are scheduled to be
satisfied is the “Time-Based Vesting Date”), and (ii) the Performance Objective applicable to such RSUs, if any, is satisfied on or prior to the Time-Based Vesting Date. Vesting shall be determined separately for each Tranche. The
Performance Objective (if any) and Time-Based Vesting Criteria applicable to any Tranche are collectively referred to as “Vesting Conditions,” and the date upon which all Vesting 

 
Conditions applicable to that Tranche are satisfied is referred to as the “Vesting Date” for such Tranche. The Vesting Conditions shall be established by the Compensation &
Management Development Committee (the “Committee”) of the Company’s Board of Directors (or by one or more members of Company management, if such power has been delegated in accordance with the Plan and applicable law) and reflected in
the account maintained for the Participant by an external third party administrator of the RSU awards. Further, during any approved leave of absence (and without limiting the application of any other rules governing leaves of absence that the
Committee may approve from time to time pursuant to the Plan), to the extent permitted by applicable law the Committee shall have discretion to provide that the vesting of the RSUs shall be frozen as of the first day of the leave (or as of any
subsequent day during such leave, as applicable) and shall not resume until and unless the Participant returns to active employment. 
 (b)
Performance Objective. The Committee shall determine whether the Performance Objective applicable to an RSU, if any, has been met, and such determination shall be final and conclusive. Until the Committee has made such a determination, the
Performance Objective (if any) may not be considered to have been satisfied. Notwithstanding any determination by the Committee that the Performance Objective (if any) has been attained with respect to a particular Tranche, such Tranche shall not be
considered to have vested unless and until the Participant has satisfied the Time-Based Vesting Criteria applicable to such Tranche. 
 (c)
Fractional RSU Vesting. In the event the Participant is vested in a fractional portion of an RSU (a “Fractional Portion”), such Fractional Portion will be rounded up and converted into a whole share of Common Stock
(“Share”) and issued to the Participant.
 (d) Addenda. The provisions of Addendum A (if any) and Addendum B are
incorporated by reference herein and made a part of the Agreement, and to the extent any provision in Addendum A (if any) or Addendum B conflicts with any provision set forth elsewhere in the Agreement (including without limitation any provisions
relating to Retirement), the provision set forth in Addendum A (if any) or Addendum B shall control. 
 3. Form and Timing of Payment; Conditions to
Issuance of Shares. 
 (a) Form and Timing of Payment. The award of RSUs represents the right to receive a number of Shares equal
to the number of RSUs that vest pursuant to the Vesting Conditions. Unless and until the RSUs have vested in the manner set forth in Sections 2 and 4, the Participant shall have no right to payment of any such RSUs. Prior to actual issuance of any
Shares underlying the RSUs, such RSUs will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company. Subject to the other terms of the Plan and the Agreement, any Tranche that vests in
accordance with Sections 2 and 4 will be paid to the Participant in whole Shares within 90 days of the Vesting Date for that Tranche, but in any event no later than March 15 of the year following the year in which such Vesting Date occurs.
Shares shall not be issued under the Plan unless the issuance and delivery of such Shares comply with (or are exempt from) all applicable requirements of law, including (without limitation) the Securities Act, the rules and regulations promulgated
thereunder, state securities laws and regulations, and the regulations of any stock exchange or other securities market on which the Company’s securities may then be traded. The Committee may require the Participant to take any reasonable
action in order to comply with any such rules or regulations. 
 (b) Acknowledgment of Potential Securities Law Restrictions. Unless
a registration statement under the Securities Act covers the Shares issued upon vesting of an RSU, the Committee may require that the Participant agree in writing to acquire such Shares for investment and not for public resale or distribution,
unless and until the Shares subject to the RSUs are registered under the Securities Act. The Committee may also require the Participant to acknowledge that he or she shall not sell or transfer such 

  
 2 

 
Shares except in compliance with all applicable laws, and may apply such other restrictions as it deems appropriate. The Participant acknowledges that the U.S. federal securities laws prohibit
trading in the stock of the Company by persons who are in possession of material, non-public information, and also acknowledges and understands the other restrictions set forth in the Company’s Insider
Trading Policy. 
 4. Termination of Employment. 

(a) General. In the event the Participant’s active employment or other active service-providing relationship with the Company or
an Eligible Subsidiary terminates for any reason (other than death, Early Retirement, Enhanced Retirement or Full Retirement), all RSUs that are unvested as of termination shall automatically terminate as of the date of termination and the
Participant’s right to receive further RSUs under the Plan shall also terminate as of the date of termination. For purposes of the RSUs, the Participant’s employment will be considered terminated as of the date the Participant is no longer
actively providing services to the Company or an Eligible Subsidiary (regardless of the reason for such termination and whether or not later found to be invalid or in breach of employment laws in the jurisdiction where the Participant is employed or
the terms of the Participant’s employment or service agreement, if any). The Committee shall have discretion to determine whether the Participant has ceased to be actively employed by (or, if the Participant is a consultant or director, has
ceased actively providing services to) the Company or Eligible Subsidiary, and the effective date on which such active employment (or active service-providing relationship) terminated. The Participant’s active employer-employee or other active
service-providing relationship will not be extended by any notice period mandated under applicable law (e.g., active employment shall not include any contractual notice period, a period of “garden leave”, paid administrative leave
or similar period mandated under employment laws in the jurisdiction where the Participant is employed or the terms of the Participant’s employment or service agreement, if any). Unless the Committee provides otherwise (1) termination of
the Participant’s employment will include instances in which the Participant is terminated and immediately rehired as an independent contractor, and (2) the spin-off, sale, or disposition of the
Participant’s employer from the Company or an Eligible Subsidiary (whether by transfer of shares, assets or otherwise) such that the Participant’s employer no longer constitutes an Eligible Subsidiary will constitute a termination of
employment or service. 
 (b) Death. Upon the Participant’s death, a pro rata amount of each unvested Tranche shall become
vested based on the number of complete twelve-month periods between the Date of Grant and the date of the Participant’s death divided by the total number of twelve-month periods between the Date of Grant and the Time-Based Vesting Date
applicable to such Tranche. Notwithstanding anything in the Plan or the Agreement to the contrary, for purposes of this Section, any partial twelve-month period between the Date of Grant and the date of death shall be considered a complete
twelve-month period and any Fractional Portion that results from applying the pro rata methodology shall be rounded up to a whole Share. 

(c) Retirement. 
 (i)
Early Retirement. If the Participant’s active employment or other active service-providing relationship with the Company or Eligible Subsidiary terminates as a result of Early Retirement, then, unless contrary to applicable law, with
respect to each Tranche that is unvested as of the Early Retirement date, a pro-rata portion of such Tranche shall remain outstanding and will vest as of the Time-Based Vesting Date for such Tranche, but if
and only if the Performance Objective (if any) is satisfied on or prior to such Time-Based Vesting Date. The pro-rata portion of each unvested Tranche that shall continue vesting shall be determined by
multiplying (1) the total number of RSUs in such Tranche by (2) the quotient of (A) the number of full or partial months worked by the Participant from the Date of Grant to the Early Retirement date, divided by (B) the total
number of months in the original time-based vesting schedule of the Tranche (the “Retirement Proration Quotient”), provided that the Retirement Proration Quotient shall never be greater than 1.0. “Early Retirement” shall mean the
Participant’s voluntary termination of employment on or after attainment of age fifty-five (55) at a time when the Participant’s age plus years of service with the Company or an Eligible Subsidiary is greater than or equal to
sixty-five (65). 

  
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 (ii) Enhanced Retirement. In the event the Participant’s active employment or
other active service-providing relationship with the Company or Eligible Subsidiary terminates as a result of Enhanced Retirement, then, unless contrary to applicable law, the Participant shall become vested in a
pro-rata portion of each Tranche that is unvested as of the Enhanced Retirement date, but if any only if the Performance Objective (if any) is satisfied on or prior to such Time-Based Vesting Date. Such pro-rata portion of each Tranche that shall continue vesting shall be determined by multiplying (1) the total number of RSUs in such Tranche by (2) the Retirement Proration Quotient assuming for purposes
of such formula that the Participant’s termination of employment occurred on the one year anniversary of the Participant’s Enhanced Retirement date, provided that the Retirement Proration Quotient shall never be greater than 1.0.
“Enhanced Retirement” shall mean the Participant’s voluntary termination of employment on or after attainment of age sixty (60) at a time when the sum of the Participant’s age plus years of service with the Company or an
Eligible Subsidiary is greater than or equal to seventy (70). 
 (iii) Full Retirement. Upon termination of employment by reason of
the Participant’s Full Retirement, unless contrary to applicable law, with respect to each Tranche that is unvested as of the Full Retirement date, such Tranche will vest in full as of the Time-Based Vesting Date for such Tranche, but if and
only if the Performance Objective (if any) is satisfied on or prior to such Time-Based Vesting Date. “Full Retirement” shall mean the Participant’s voluntary termination of employment, either (1) on or after attainment of age sixty-two (62) at a time when the sum of the Participant’s age plus years of service with the Company or an Eligible Subsidiary is greater than or equal to eighty (80) or (2) Normal Retirement. 

(d) Gross Misconduct. If the Participant’s employment with the Company or an Eligible Subsidiary is terminated for Gross
Misconduct, the Participant’s unvested RSUs shall automatically terminate as of the time of termination without consideration. The Participant acknowledges and agrees that the Participant’s termination of employment shall also be deemed to
be a termination of employment by reason of the Participant’s Gross Misconduct if, after the Participant’s employment has terminated, facts and circumstances are discovered or confirmed by the Company that would have justified a
termination for Gross Misconduct. 
 (e) Violation of Post-Employment Covenant. To the extent that any of the Participant’s RSUs
remain outstanding under the terms of the Plan or the Agreement after termination of the Participant’s employment or service with the Company or an Eligible Subsidiary, such RSUs shall expire as of the date the Participant violates any covenant
not to compete or other post-employment covenant that exists between the Participant on the one hand and the Company or any subsidiary of the Company, on the other hand. 

(f) Substantial Corporate Change. Upon a Substantial Corporate Change, the Participant’s unvested RSUs will terminate unless
provision is made in writing in connection with such transaction for the assumption or continuation of the RSUs, or the substitution for such RSUs of any options or grants covering the stock or securities of a successor employer corporation, or a
parent or subsidiary of such successor, with appropriate adjustments as to the number and kind of shares of stock and prices, in which event the RSUs will continue in the manner and under the terms so provided. 

5. Non-Transferability of RSUs. Unless the Committee determines otherwise in advance in writing, RSUs may not
be transferred in any manner otherwise than by will or by the applicable laws of descent or distribution. The terms of the Plan and the Agreement shall be binding upon the executors, administrators, heirs and permitted successors and assigns of the
Participant. 

  
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 6. Amendment of RSUs or Plan. 

(a) The Plan and the Agreement constitute the entire understanding of the parties with respect to the subject matter hereof and supersede in
their entirety all prior undertakings and agreements of the Company and the Participant with respect to the subject matter hereof. The Participant expressly warrants that he or she is not accepting the Agreement in reliance on any promises,
representations, or inducements other than those contained herein. The Board may amend, modify or terminate the Plan or any award in any respect at any time; provided, however, that modifications to the Agreement or the Plan that materially and
adversely affect the Participant’s rights hereunder can be made only in an express written contract signed by the Company and the Participant. Notwithstanding anything to the contrary in the Plan or the Agreement, the Company reserves the right
to revise the Agreement and the Participant’s rights under outstanding RSUs as it deems necessary or advisable, in its sole discretion and without the consent of the Participant, (1) upon a Substantial Corporate Change, (2) as
required by law, or (3) to comply with Section 409A of the Internal Revenue Code of 1986 (“Section 409A”) or to otherwise avoid imposition of any additional tax or income recognition under Section 409A in connection
with this Award. 
 (b) The Participant acknowledges and agrees that if the Participant changes classification from a full-time employee to
a part-time employee the Committee may in its sole discretion reduce or eliminate the Participant’s unvested RSUs. 
 7. Responsibility for
Taxes. 
 (a) Withholding Taxes. Regardless of any action the Company or any Subsidiary employing the Participant (the
“Employer”) takes with respect to any or all federal, state, local or foreign income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax related items (“Tax Related Items”), the Participant
acknowledges that the ultimate liability for all Tax Related Items associated with the RSUs is and remains the Participant’s responsibility and may exceed the amount actually withheld by the Company or the Employer and that the Company and the
Employer (i) make no representations or undertakings regarding the treatment of any Tax Related Items in connection with any aspect of the RSUs, including, but not limited to, the grant or vesting of the RSUs, the delivery of the Shares, the
subsequent sale of Shares acquired at vesting and the receipt of any dividends; and (ii) do not commit to structure the terms of the grant or any aspect of the RSUs to reduce or eliminate the Participant’s liability for Tax Related Items.
Further, if the Participant is subject to tax in more than one jurisdiction, the Participant acknowledges that the Company and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax Related Items in more
than one jurisdiction. 
 Prior to the relevant taxable event, the Participant shall pay or make adequate arrangements satisfactory to the
Company and/or the Employer to satisfy all withholding and payment on account obligations for Tax Related Items of the Company and/or the Employer. In this regard, the Participant authorizes the Company and the Employer, or their respective agents,
at their discretion, to satisfy the obligations with regard to all Tax Related Items legally payable by the Participant (with respect to the RSUs granted hereunder as well as any equity awards previously received by the Participant under any Company
stock plan) by one or a combination of the following: (i) requiring the Participant to pay Tax Related Items in cash with a cashier’s check or certified check or by wire transfer of immediately available funds; (ii) withholding cash
from the Participant’s wages or other compensation payable to the Participant by the Company and/or the Employer; (iii) arranging for the sale of Shares otherwise issuable to the Participant upon payment of the RSUs (on the
Participant’s behalf and at the Participant’s direction pursuant to this authorization), including the sale of Shares prior to such scheduled payment date; (iv) withholding from the 

  
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proceeds of the sale of Shares acquired upon payment on the RSUs; (v) withholding in Shares otherwise issuable to the Participant, provided that the Company withholds only the amount of
Shares necessary to satisfy the statutory withholding amount (or such other amount that will not cause adverse accounting consequences for the Company and is permitted under applicable withholding rules promulgated by the Internal Revenue Service or
another applicable governmental entity) using the Fair Market Value of the Shares on the date of the relevant taxable event; or (vi) any method determined by the Committee to be in compliance with applicable laws. 

Depending on the withholding method, the Company and/or Employer may withhold or account for Tax Related Items by considering applicable
statutory withholding rates or other applicable withholding rates, including maximum rates applicable in the Participant’s jurisdiction, in which case the Participant may receive a refund of any over-withheld amount in cash and will have no
entitlement to the Share equivalent. If the obligation for Tax Related Items is satisfied by withholding in Shares, for tax purposes, the Participant is deemed to have been issued the full number of Shares subject to the vested RSUs, notwithstanding
that a number of Shares is held back solely for purposes of paying the Tax Related Items. 
 The Participant agrees to pay to the Company or
the Employer any amount Tax Related Items that the Company and/or the Employer may be required to withhold or account for as a result of the Participant’s participation in the Plan that cannot be satisfied by the means previously described. The
Company may refuse to issue or deliver to the Participant any Shares or proceeds from the sale of Shares if the Participant fails to comply with the Participant’s obligations in connection with the Tax Related Items. 

(b) Code Section 409A. The intent of the parties is that payments and benefits under the Agreement comply with Section 409A of Code
to the extent subject thereto, and, accordingly, to the maximum extent permitted, the Agreement shall be interpreted and be administered to be in compliance therewith. Notwithstanding anything contained herein to the contrary, to the extent
required to avoid accelerated taxation and/or tax penalties under Section 409A of the Code, the Participant shall not be considered to have separated from service with the Company for purposes of the Agreement and no payment shall be due to the
Participant under the Agreement on account of a separation from service until the Participant would be considered to have incurred a “separation from service” from the Company within the meaning of Section 409A of the Code. Any
payments described in the Agreement that are due within the “short-term deferral period” as defined in Section 409A of the Code shall not be treated as deferred compensation unless applicable law requires
otherwise. Notwithstanding anything to the contrary in the Agreement, to the extent that any amounts are payable upon a separation from service and such payment would result in accelerated taxation and/or tax penalties under Section 409A
of the Code, such payment, under the Agreement or any other agreement of the Company, shall be made on the first business day after the date that is six (6) months following such separation from service (or death, if earlier). The Company makes
no representation that any or all of the payments described in the Agreement will be exempt from or comply with Section 409A of the Code and makes no undertaking to preclude Section 409A of the Code from applying to any such payment. The
Participant shall be solely responsible for the payment of any taxes and penalties incurred under Section 409A. 
 For purposes of
making a payment under the Agreement, if any amount is payable as a result of a Substantial Corporate Change, then to the extent required to avoid accelerated taxation and/or tax penalties under Section 409A of the Code, such event must also
constitute a “change in ownership or effective control” of the Company or a “change in the ownership of a substantial portion of the assets” of the Company within the meaning of Section 409A. 

  
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 8. Nature of Grant. In accepting the RSUs, the Participant acknowledges and agrees that: 

(a) the Plan is established voluntarily by the Company, it is discretionary in nature and may be modified, amended, suspended or terminated by
the Company at any time, to the extent permitted by the Plan; 
 (b) the award of RSUs is exceptional, voluntary and occasional and does not
create any contractual or other right to receive future awards of RSUs or benefits in lieu of RSUs or other equity awards, even if RSUs have been awarded in the past; 

(c) all decisions with respect to future equity awards, if any, will be at the sole discretion of the Company; 

(d) the Participant’s participation in the Plan is voluntary; 

(e) the award of RSUs and Shares subject to the RSUs, and the income from and value of same, are an extraordinary item that (i) does not
constitute compensation of any kind for services of any kind rendered to the Company or any Subsidiary, and (ii) is outside the scope of Participant’s employment or service contract, if any; 

(f) the award of RSUs and Shares subject to the RSUs, and the income and value of same, are not intended to replace any pension rights or
compensation; 
 (g) the award of RSUs and Shares subject to the RSUs, and the income from and value of same, are not part of normal or
expected compensation or salary for any purposes, including, but not limited to, calculating any severance, resignation, termination, redundancy, end of service payments, bonuses, holiday pay, long-service awards, pension or retirement or welfare
benefits or similar payments and in no event should be considered as compensation for, or relating in any way to, past services for the Company or any Subsidiary; 

(h) unless otherwise expressly agreed with the Company, the RSUs and Shares subject to the RSUs, and the income from and value of same, are
not granted as consideration for, or in connection with, any service the Participant may provide as a director of any Subsidiary; 
 (i) the
future value of the underlying Shares is unknown and cannot be predicted with certainty; 
 (j) the value of the Shares acquired upon
vesting/settlement of the RSUs may increase or decrease in value; 
 (k) in consideration of the award of RSUs, no claim or entitlement to
compensation or damages shall arise from termination of the award or from any diminution in value of the RSUs or Shares upon vesting of the RSUs resulting from termination of the Participant’s employment or continuous service by the Company or
any Subsidiary (for any reason whatsoever and whether or not in breach of applicable labor laws of the jurisdiction where the Participant is employed or the terms of the Participant’s employment agreement, if any); 

(l) neither the Company, the Employer nor any other Subsidiary shall be liable for any foreign exchange rate fluctuation between the
Participant’s local currency and the United States Dollar that may affect the value of the RSUs or of any amounts due to the Participant pursuant to the settlement of the RSUs or the subsequent sale of any Shares acquired upon vesting; 

  
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 (m) the Company is not providing any tax, legal or financial advice, nor is the Company
making any recommendations regarding Participant’s participation in the Plan or the Participant’s acquisition or sale of the underlying Shares; and 

(n) the Participant should consult with the Participant’s own personal tax, legal and financial advisors regarding the Participant’s
participation in the Plan before taking any action related to the Plan. 
 9. Rights as Shareholder. Until all requirements for vesting of the RSUs
pursuant to the terms of the Agreement and the Plan have been satisfied, the Participant shall not be deemed to be a shareholder of the Company, and shall have no dividend rights or voting rights with respect to the RSUs or any Shares underlying or
issuable in respect of such RSUs until such Shares are actually issued to the Participant. 
 10. No Employment Contract. Nothing in the Plan or the
Agreement constitutes an employment contract between the Company and the Participant and the Agreement shall not confer upon the Participant any right to continuation of employment or service with the Company or any of its Subsidiaries, nor shall
the Agreement interfere in any way with the Company’s or any of its Subsidiaries right to terminate the Participant’s employment or service at any time, with or without cause (subject to any employment agreement a Participant may otherwise
have with the Company or a Subsidiary thereof and/or applicable law). 
 11. Board Authority. The Board and/or the Committee shall have the power to
interpret the Agreement and to adopt such rules for the administration, interpretation and application of the Agreement as are consistent therewith and to interpret or revoke any such rules (including, but not limited to, the determination of
whether any RSUs have vested). All interpretations and determinations made by the Board and/or the Committee in good faith shall be final and binding upon the Participant, the Company and all other interested persons and such determinations of the
Board and/or the Committee do not have to be uniform nor do they have to consider whether Plan participants are similarly situated. No member of the Board and/or the Committee shall be personally liable for any action, determination or
interpretation made in good faith with respect to the Agreement. 
 12. Headings. The captions used in the Agreement and the Plan are inserted for
convenience and shall not be deemed to be a part of the RSUs for construction and interpretation. 
 13. Electronic Delivery. 

(a) If the Participant executes the Agreement electronically, for the avoidance of doubt, the Participant acknowledges and agrees that his or
her execution of the Agreement electronically (through an on-line system established and maintained by the Company or a third party designated by the Company, or otherwise) shall have the same binding legal
effect as would execution of the Agreement in paper form. The Participant acknowledges that upon request of the Company he or she shall also provide an executed paper form of the Agreement. 

(b) If the Participant executes the Agreement in paper form, for the avoidance of doubt, the parties acknowledge and agree that it is their
intent that any agreement previously or subsequently entered into between the parties that is executed electronically shall have the same binding legal effect as if such agreement were executed in paper form. 

(c) If the Participant executes the Agreement multiple times (for example, if the Participant first executes the Agreement in electronic form
and subsequently executes the Agreement in paper form), the Participant acknowledges and agrees that (i) no matter how many versions of the 

  
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Agreement are executed and in whatever medium, the Agreement only evidences a single award relating to the number of RSUs set forth in the Notice of Grant and (ii) the Agreement shall be
effective as of the earliest execution of the Agreement by the parties, whether in paper form or electronically, and the subsequent execution of the Agreement in the same or a different medium shall in no way impair the binding legal effect of the
Agreement as of the time of original execution. 
 (d) The Company may, in its sole discretion, decide to deliver by electronic means any
documents related to the RSUs, to participation in the Plan, or to future awards granted under the Plan, or otherwise required to be delivered to the Participant pursuant to the Plan or under applicable law, including but not limited to, the Plan,
the Agreement, the Plan prospectus and any reports of the Company generally provided to shareholders. Such means of electronic delivery may include, but do not necessarily include, the delivery of a link to the Company’s intranet or the
internet site of a third party involved in administering the Plan, the delivery of documents via electronic mail (“e-mail”) or such other means of electronic delivery specified by the Company. By
executing the Agreement, the Participant hereby consents to receive such documents by electronic delivery. At the Participant’s written request to the Secretary of the Company, the Company shall provide a paper copy of any document at no cost
to the Participant. 
 14. Data Privacy Notice and Consent.  

(a) By accepting the RSUs, the Participant explicitly and unambiguously consents to the collection, use and transfer, in electronic or
other form, of the Participant’s personal data as described in the Agreement by and among, as applicable, the Employer, the Company and its other Subsidiaries for the exclusive purpose of implementing, administering and managing the
Participant’s participation in the Plan. 
 (b) The Participant understands that the Company, the Employer and other
Subsidiaries may hold certain personal information about the Participant, including, but not limited to, the Participant’s name, home address and telephone number, email address, date of birth, social security number, passport or other
identification number (e.g., resident registration number), salary, nationality, job title, any Shares or directorships held in the Company, details of all RSUs or any other entitlement to shares awarded, canceled, vested, unvested or outstanding in
the Participant’s favor (“Data”), for the purpose of implementing, administering and managing the Plan. 
 (c)
The Participant understands that Data will be transferred to Fidelity Stock Plan Services LLC, or such other stock plan service provider as may be selected by the Company in the future, which assist in the implementation, administration and
management of the Plan. The Participant understands that the recipients of the Data may be located in the United States or elsewhere, and that the recipient’s country (e.g. the United States) may have different data privacy laws and protections
than the Participant’s country. The Participant understands that if he or she resides outside the United States, the Participant may request a list with the names and addresses of any potential recipients of the Data by contacting the
Participant’s local human resources representative. The Participant authorizes the Company, Fidelity Stock Plan Services LLC and other possible recipients which may assist the Company (presently or in the future) with implementing,
administering and managing the Plan to receive, possess, use, retain and transfer the Data, in electronic or other form, for the sole purpose of implementing, administering and managing the Participant’s participation in the Plan, including any
requisite transfer of such Data as may be required to a broker, escrow agent or other third party with whom the Shares received upon vesting of the RSUs may be deposited. The Participant understands that Data will be held only as long as is
necessary to implement, administer and manage the Participant’s participation in the Plan. The Participant understands that if the Participant resides outside the United States, he or she may, at any time, view Data, request information about
the storage and processing of Data, require any necessary amendments to Data or refuse or withdraw the consents herein, in any case without cost, by 

  
 9 

 
contacting the Participant’s local human resources representative. Further, the Participant understands that he or she is providing the consents herein on a purely voluntary basis. If the
Participant does not consent, or if the Participant later seeks to revoke his or her consent, the Participant’s employment status with the Employer will not be affected; the only consequence of refusing or withdrawing consent is that the
Company would not be able to grant RSUs or other equity awards to the Participant or administer or maintain such awards. Therefore, the Participant understands that refusing or withdrawing the Participant’s consent may affect his or her ability
to participate in the Plan. For more information on the consequences of the Participant’s refusal to consent or withdrawal of consent, the Participant understands that he or she may contact his or her local human resources representative.

 (d) Upon request of the Company or the Employer, the Participant agrees to provide a separate executed data privacy consent
form (or any other agreements or consents that may be required by the Company and/or the Employer) that the Company and/or the Employer may deem necessary to obtain from the Participant for the purpose of administering the Participant’s
participation in the Plan in compliance with the data privacy laws in the Participant’s country, either now or in the future. The Participant understands and agrees that he or she will not be able to participate in the Plan if the
Participant fails to provide any such consent or agreement requested by the Company and/or the Employer. 
 15. Waiver of Right to Jury
Trial. Each party, to the fullest extent permitted by law, waives any right or expectation against the other to trial or adjudication by a jury of any claim, cause or action arising with respect to the RSUs or hereunder, or the rights, duties or
liabilities created hereby. 
 16. Agreement Severable. In the event that any provision of the Agreement shall be held invalid or unenforceable, such
provision shall be severable from, and such invalidity or unenforceability shall not be construed to have any effect on, the remaining provisions of the Agreement. 

17. Governing Law and Venue. The laws of the State of Delaware (other than its choice of law provisions) shall govern the Agreement and its
interpretation. For purposes of litigating any dispute that arises with respect to the RSUs, the Agreement or the Plan, the parties hereby submit to and consent to the jurisdiction of the State of Delaware, and agree that such litigation shall be
conducted in the courts of New Castle County, or the United States Federal court for the District of Delaware, and no other courts; and waive, to the fullest extent permitted by law, any objection that the laying of the venue of any legal or
equitable proceedings related to, concerning or arising from such dispute which is brought in any such court is improper or that such proceedings have been brought in an inconvenient forum. Any claim under the Plan, the Agreement or any award must
be commenced by the Participant within twelve (12) months of the earliest date on which the Participant’s claim first arises, or the Participant’s cause of action accrues, or such claim will be deemed waived by the Participant. 

18. Language. If the Participant has received the Plan, the Agreement or any other document related to the Plan translated into a language other than
English and if the meaning of the translated version is different than the English version, the English version will control, unless otherwise prescribed by applicable law. 

19. Severability. The provisions of the Agreement are severable and if any one or more provisions are determined to be illegal or otherwise
unenforceable, in whole or in part, the remaining provisions shall nevertheless be binding and enforceable. 
 20. Waiver. Participant acknowledges
that a waiver by the Company of breach of any provision of the Agreement shall not operate or be construed as a waiver of any other provision of the Agreement, or of any subsequent breach by the Participant or any other participant. 

  
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 21. Insider Trading/Market Abuse Laws. The Participant acknowledges that, depending on the
Participant’s or the Participant’s broker’s country of residence or where the Company Shares are listed, the Participant may be subject to insider trading restrictions and/or market abuse laws, which may affect his or her ability to
accept, acquire, sell or otherwise dispose of Company Shares, rights to the Shares (e.g., RSUs) or rights linked to the value of the Shares (e.g., phantom awards, futures) during such times as the Participant is considered to have
“inside information” regarding the Company as defined by the laws or regulations in the Participant’s country. Local insider trading laws and regulations may prohibit the cancellation or amendment or orders the Participant placed
before the Participant possessed inside information. Furthermore, the Participant could be prohibited from (i) disclosing the inside information to any third party (other than on a “need to know” basis) and (ii) “tipping”
third parties or causing them otherwise to buy or sell securities. Any restrictions under these laws or regulations are separate from and in addition to any restrictions that may be imposed under any applicable insider trading policy of the Company.
The Participant acknowledges that it is his or her responsibility to comply with any applicable restrictions, and the Participant should consult with his or her own personal legal and financial advisors on this matter. 

22. Foreign Asset/Account Reporting Requirements and Exchange Controls. The Participant’s country may have certain foreign asset and/or
foreign account reporting requirements and exchange controls which may affect the Participant’s ability to acquire or hold Shares under the Plan or cash received from participating in the Plan (including any dividends paid on Shares, sale
proceeds resulting from the sale of Shares acquired under the Plan) in a brokerage or bank account outside the Participant’s country. The Participant may be required to report such accounts, assets, or transactions to the tax or other
authorities in the Participant’s country. The Participant may be required to repatriate sale proceeds or other funds received as a result of the Participant’s participation in the Plan to the Participant’s country through a designated
bank or broker within a certain time after receipt. The Participant acknowledges that it is the Participant’s responsibility to be compliant with such regulations and the Participant should consult his or her personal legal advisor for any
details. 
 23. Addendum B. Notwithstanding any provisions in the Agreement, the RSUs and any Shares subject to the RSUs shall be subject to any
special terms and conditions for the Participant’s country of employment and country of residence, if different, as set forth in Addendum B. Moreover, if the Participant relocates to one of the countries including in Addendum B, the special
terms and conditions for such country will apply to the Participant, to the extent the Company determines that the application of such terms and conditions is necessary or advisable for legal or administrative reasons and provided the imposition of
the term or condition will not result in any adverse accounting expense with respect to the RSUs (or the Company may establish alternative terms and conditions as may be necessary or advisable to accommodate the Participant’s transfer).
Addendum B constitutes part of the Agreement. 
 24. Imposition of Other Requirements. The Company reserves the right to impose other requirements on
the Participant’s participation in the Plan, on the RSUs and on any Shares subject to the RSUs, to the extent the Company determines it is necessary or advisable for legal or administrative reasons and provided the imposition of the term or
condition will not result in any adverse accounting expense to the Company, and to require the Participant to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing. 

25. Recoupment. The RSUs granted pursuant to the Agreement are subject to the terms of any compensation recoupment policy that may be adopted by the
Company and in effect from time to time (the “Policy”) if and to the extent such Policy by its terms applies to the RSUs, and to the terms required by applicable law; and the terms of the Policy and such applicable law are incorporated by
reference herein and made a part hereof. For purposes of the foregoing, the Participant expressly and explicitly authorizes the Company to issue instructions, on the Participant’s behalf, to any brokerage firm and/or third party

  
 11 

 
administrator engaged by the Company to hold the Participant’s Shares and other amounts acquired pursuant to the Participant’s RSUs, to
re-convey, transfer or otherwise return such Shares and/or other amounts to the Company upon the Company’s enforcement of the Policy. To the extent that the Agreement and the Policy conflict, the terms of
the Policy shall prevail. 
 26. Notices. The Company may, directly or through its third party stock plan administrator, endeavor to provide
certain notices to the Participant regarding certain events relating to awards that the Participant may have received or may in the future receive under the Plan, such as notices reminding the Participant of the vesting or expiration date of certain
awards. The Participant acknowledges and agrees that (1) the Company has no obligation (whether pursuant to the Agreement or otherwise) to provide any such notices; (2) to the extent the Company does provide any such notices to the
Participant the Company does not thereby assume any obligation to provide any such notices or other notices; and (3) the Company, its Subsidiaries and the third party stock plan administrator have no liability for, and the Participant has no
right whatsoever (whether pursuant to the Agreement or otherwise) to make any claim against the Company, any of its Subsidiaries or the third party stock plan administrator based on any allegations of, damages or harm suffered by the Participant as
a result of the Company’s failure to provide any such notices or the Participant’s failure to receive any such notices. 
 27. Consent and
Agreement With Respect to Plan. The Participant (a) acknowledges that the Plan and the prospectus relating thereto are available to the Participant on the website maintained by the Company’s third party stock plan
administrator; (b) represents that he or she has read and is familiar with the terms and provisions thereof, has had an opportunity to obtain the advice of counsel of his or her choice prior to executing the Agreement and fully
understands all provisions of the Agreement and the Plan; (c) accepts these RSUs subject to all of the terms and provisions thereof; (d) consents and agrees to all amendments that have been made to the Plan
since it was adopted in 2020 (and for the avoidance of doubt consents and agrees to each amended term reflected in the Plan as in effect on the date of the Agreement), and consents and agrees that all options and restricted stock units, if any, held
by the Participant that were previously granted under the Plan as it has existed from time to time are now governed by the Plan as in effect on the date of the Agreement (except to the extent the Committee has expressly provided that a particular
Plan amendment does not apply retroactively); and (e) agrees to accept as binding, conclusive and final all decisions or interpretations of the Committee upon any questions arising under the Plan or the Agreement.  

[If the Agreement is signed in paper form, complete and execute the following:] 

PARTICIPANT 
  

	
	Electronic Signature
	Signature
	
	Participant Name
	Print Name

  
 12 

 ADDENDUM A 

VONTIER CORPORATION 

2020 STOCK INCENTIVE PLAN 

RESTRICTED STOCK UNIT AGREEMENT 
 This
Addendum includes additional terms and conditions applicable to the Participant’s RSUs granted if the Participant resides in one of the countries listed below. Capitalized terms used but not defined herein shall have the same meanings ascribed
to them in the Notice of Grant, the Agreement or the Plan. 
 This Addendum may also include information regarding exchange controls, tax and certain other
issues of which the Participant should be aware with respect to the Participant’s participation in the Plan. The information is based on the securities, exchange control, tax and other laws in effect as of [•]. Such
laws are often complex and change frequently. As a result, the Company strongly recommends that the Participant not rely on the information contained herein as the only source of information relating to the consequences of the
Participant’s participation in the Plan because the information may be out of date at the time Participant vests in the RSUs or sells the Shares acquired under the Plan. 

In addition, the information contained herein in general in nature and may not apply to the Participant’s particular situation, and the Company is not in
a position to assure the Participant of any particular result. Accordingly, the Participant should seek appropriate professional advice as to how the relevant laws in Participant’s country apply to the
Participant’s specific situation. 
 If the Participant is a citizen or resident (or is considered as such for local tax purposes)
of a country other than the one in which the Participant is currently residing and/or working, or if the Participant transfers employment and/or residency to another country after the grant of the RSUs, the information contained herein may not be
applicable to the Participant in the same manner. 
 PARTICIPANTS IN THE EUROPEAN UNION (“EU”) / EUROPEAN ECONOMIC AREA (“EEA”)

 1. Data Privacy. If the Participant resides and/or is employed in the EU / EEA, the following provision replaces Section 14 of the
Agreement: 
 The Company is located at 6920 Seaway Blvd Everett, Washington 98203, United States of America and grants RSUs under the Plan to employees of
the Company and its Subsidiaries in its sole discretion. The Participant should review the following information about the Company’s data processing practices. 

(a) Data Collection, Processing and Usage. Pursuant to applicable data protection laws, the Participant is hereby notified that the
Company collects, processes, and uses certain personally-identifiable information about the Participant; specifically, including the Participant’s name, home address, email address and telephone number, date of birth, social insurance number or
other number, salary, citizenship, job title, any Shares or directorships held in the Company, and details of all RSUs or any other equity compensation awards granted, canceled, exercised, vested, or outstanding in the Participant’s favor,
which the Company receives from the Participant or the Employer. In granting the RSUs under the Plan, the Company will collect the Participant’s personal data for purposes of allocating Shares and implementing, administering and managing the
Plan. The Company collects, processes and uses the Participant’s personal data pursuant to the Company’s legitimate interest of managing the Plan and generally administering employee equity awards and to satisfy its contractual obligations
under the terms of the Agreement. The Participant’s refusal to provide personal data may affect the Participant’s ability to participate in the Plan. As such, by participating in the Plan, the Participant voluntarily acknowledges the
collection, processing and use, of the Participant’s personal data as described herein. 

 (b) Stock Plan Administration Service Provider. The Company transfers participant
data to Fidelity Stock Plan Services LLC, an independent service provider based in the United States, which assists the Company with the implementation, administration and management of the Plan (the “Stock Plan Administrator”). In the
future, the Company may select a different Stock Plan Administrator and share the Participant’s personal data with another company that serves in a similar manner. The Stock Plan Administrator will open an account for the Participant to receive
and trade Shares acquired under the Plan. The Participant will be asked to agree on separate terms and data processing practices with the Stock Plan Administrator, which is a condition to the Participant’s ability to participate in the Plan.

 (c) International Data Transfers. The Company and the Stock Plan Administrator are based in the United States. The Company can
only meet its contractual obligations to the Participant if the Participant’s personal data is transferred to the United States. Where a legally recognized safeguard is required in order to transfer Participant’s Data outside of its
originating territory, the Company will rely on standard contractual clauses adopted and approved by the European Commission or other governing body with competent jurisdiction. Where no such clauses are in place between the exporting and
importing entities, then the transfer shall be a necessary restricted transfer in connection with the performance of a contract to which the data subject is a party. 

(d) Data Retention. The Company will use the Participant’s personal data only as long as is necessary to implement, administer and
manage the Participant’s participation in the Plan or as required to comply with legal or regulatory obligations, including under tax and securities laws. When the Company no longer needs the Participant’s personal data, the Company will
remove it from its systems. If the Company keeps the Participant’s data longer, it would be to satisfy legal or regulatory obligations and the Company’s legal basis would be for compliance with relevant laws or regulations. 

(e) Data Subjects Rights. The Participant may have a number of rights under data privacy laws in the Participant’s country of
residence. For example, the Participant’s rights may include the right to (i) request access or copies of personal data the Company processes, (ii) request rectification of incorrect data, (iii) request deletion of data,
(iv) place restrictions on processing, (v) lodge complaints with competent authorities in the Participant’s country of residence, and/or (vi) request a list with the names and addresses of any potential recipients of the
Participant’s personal data. To receive clarification regarding the Participant’s rights or to exercise his or her rights, the Participant can consult his or her employing entity’s Staff-Facing Privacy Notice or contact his or her
local human resources representative. 
 PARTICIPANTS IN AUSTRALIA, CZECH REPUBLIC, GERMANY, HUNGARY, IRELAND, NEW ZEALAND, SLOVAKIA AND THE UNITED
KINGDOM 
 Section 4(c) of the Agreement (Retirement) shall not apply to any Participant who as of the Date of Grant is on permanent, non-temporary assignment in Australia, the Czech Republic, Germany, Hungary, Ireland, New Zealand, Slovakia or the United Kingdom. Instead, the provisions of Section 4(a) (General), shall apply, notwithstanding
the provisions therein regarding Early Retirement, Enhanced Retirement and Full Retirement to the contrary. 
 PARTICIPANTS IN AUSTRIA, BELGIUM, DENMARK,
ITALY, THE NETHERLANDS, SPAIN AND SWEDEN 
 Section 4(c)(i) of the Agreement (regarding Early Retirement) shall not apply to any Participant who as
of the Date of Grant is on permanent, non-temporary assignment in Austria, Belgium, Denmark, Italy, the Netherlands, Spain or Sweden (collectively, the “Statutory Retirement Age Countries”). Instead,
the provisions of Section 4(a) (General), shall apply, notwithstanding the provisions therein regarding Early Retirement to the contrary. 

 For purposes of applying the Plan and Section 4(c)(ii) of the Agreement (regarding Normal Retirement)
to any Participant who as of the Date of Grant is on permanent, non-temporary assignment in any of the Statutory Retirement Age Countries, the definition of “Normal Retirement” set forth in the Plan
shall not apply and instead “Normal Retirement” shall mean such Participant’s attainment of the statutory retirement age in the jurisdiction in which the Participant is on permanent,
non-temporary assignment as of the Date of Grant. In the absence of a statutory retirement age in such jurisdiction, “Normal Retirement” shall mean attainment of the customary age for retirement in
such jurisdiction. 
 Notwithstanding the foregoing, in the event that subsequent to the Date of Grant such Participant works in a jurisdiction other than
in the jurisdiction in which the Participant was on permanent, non-temporary assignment as of the Date of Grant, if required to comply with applicable law, the Committee shall have sole and absolute discretion
to instead apply to such Participant the retirement provisions of the Agreement that are applicable in such other jurisdiction. 
 PARTICIPANTS IN
ARGENTINA 
 Securities Law Notice 
 The Participant
understands that neither the grant of the RSUs nor Shares to be issued pursuant to the RSUs constitute a public offering as defined by the Law N° 17,811, or any other Argentine law. The offering of the RSUs is a private placement and the
underlying Shares are not listed on any stock exchange in Argentina. 
 Foreign Asset/Account Reporting Information 

If the Participant holds Shares as of December 31 of any year, the Participant is required to report the holding of Shares on his or her personal tax
return for the relevant year. 
 PARTICIPANTS IN AUSTRALIA 

Tax Information 
 The Plan is a plan to which Subdivision 83A-C of the Income Tax Assessment Act 1997 (Cth) (the “Act”) applies (subject to the conditions in that Act). 

Compliance with Australia Securities Laws 
 The offer of
the RSUs is intended to comply with the provisions of the Corporations Act 2001, Australian Securities and Investments Commission (“ASIC”) Regulatory Guide 49 and ASIC Class Order 14/1000. Additional details are set forth in the Offer
Document for the Offer of RSUs to Australian Resident Employees incorporated herein. 
 Exchange Control Notice 

Exchange control reporting is required for cash transactions exceeding A$10,000 and international fund transfers of any amount. The Australian bank assisting
with the transaction will file the report for the Participant. If there is no Australian bank involved in the transfer, the Participant will be responsible for filing the report. 

***** 

 OFFER DOCUMENT 

VONTIER CORPORATION 
 2020 STOCK
INCENTIVE PLAN 
 OFFER OF RESTRICTED STOCK UNITS 

TO AUSTRALIAN RESIDENT EMPLOYEES 
 Investment
in Shares (as defined herein) and rights to receive Shares involves a degree of risk. Employees who participate in the Plan (as defined herein) should monitor their participation and consider all risk factors relevant to the acquisition of Shares
and rights to receive Shares under the Plan as set out in this Offer Document and the Additional Documents (as defined herein). 
 The information or
advice contained in this Offer Document and the Additional Documents is general information. It is not information or advice specific to your particular circumstances and does not take into account your objectives, financial situation or needs.

 Employees should consider obtaining their own financial product advice from an independent person who is licensed by the Australian Securities and
Investments Commission (“ASIC”) (or equivalent regulatory body in your jurisdiction) to give advice about participation in the Plan. 

 OFFER OF RESTRICTED STOCK UNITS TO AUSTRALIAN RESIDENT EMPLOYEES 

VONTIER CORPORATION 
 2020 STOCK
INCENTIVE PLAN 
 We are pleased to provide you with this offer to participate in the Vontier Corporation 2020 Stock Incentive Plan, as amended from time to
time (the “Plan”). This Offer Document sets forth information about the grant of Restricted Stock Units under the Plan over shares of Common Stock (“Shares”) of Vontier Corporation (the
“Company”) for Australian resident employees of the Company and any Subsidiaries. 
 The Company has adopted the Plan to
attract and retain the best available personnel for positions of substantial responsibility, to provide additional incentives to Employees, Directors, and Consultants, and to promote the success of the Company’s business. 

Any capitalized term used but not defined herein shall have the meaning given to such term in the Plan. 

 

	1.	 OFFER OF RESTRICTED STOCK UNITS 

This is an offer made by the Company under the Plan to selected eligible employees of the Company’s Australian Subsidiary(ies) to receive Restricted Stock
Units, as may be granted from time to time under the Plan. 
  

	2.	 TERMS OF GRANT 

The specific terms of your Restricted Stock Unit are set forth in your Restricted Stock Unit Agreement (“Grant Agreement”) and incorporates
the rules of the Plan. By accepting a grant of Restricted Stock Units you will be bound by the rules of the Grant Agreement and the Plan. 
  

	3.	 ADDITIONAL DOCUMENTS 

In addition to the information set out in this Offer Document, you are being provided with copies of the following documents: 

 

	 	(a)	 the Plan; 

  

	 	(b)	 the Grant Agreement; and 

 

	 	(c)	 the 2020 Stock Incentive Plan Prospectus 

(collectively, the “Additional Documents”). 

The Plan and the Grant Agreement set out, among other details, key features of the Restricted Stock Units and the consequences of a change in the nature or
status of your employment. 
 The Additional Documents provide further information to assist you in making informed decisions investment decisions in
relation to your participation in the Plan. Neither the Plan nor the Grant Agreement is a prospectus for the purposes of the Corporations Act 2001. 

	4.	 RELIANCE ON STATEMENTS 

You should not rely upon any oral statements made to you in relation to this offer. You should rely only upon the statements contained in this Offer Document
and the Additional Documents when considering your participation in the Plan. 
  

	5.	 ELIGIBILITY  

You are eligible to participate under the Plan if, at the time of the offer, you are an Australian resident employee of the Company or any Australian
Subsidiary and meet the eligibility requirements established under the Plan. 
  

	6.	 ACCEPTANCE AN AWARD 

The Grant Agreement sets additional terms and conditions of the Restricted Stock Units and what, if anything you must do to accept the Restricted Stock Units.

  

	7.	 WHAT ARE RESTRICTED STOCK UNITS? 

A Restricted Stock Unit represents the right to receive a certain number of Shares upon fulfilment of the vesting conditions set out in your Grant Agreement.
Restricted Stock Units are considered “restricted” because they are subject to forfeiture and restrictions on transfer until they vest. The restrictions are set forth in your Grant Agreement. As soon as practicable after your Restricted
Stock Units vest, the Shares will be issued to you at no monetary cost (other than applicable taxes). 
  

	8.	 DO I HAVE TO PAY ANY MONEY TO RECEIVE THE RESTRICTED STOCK UNITS? 

You pay no monetary consideration to receive the Restricted Stock Units, nor do you pay anything to receive the Shares upon vesting (other than applicable
taxes). 
  

	9.	 HOW MANY SHARES WILL I RECEIVE UPON VESTING OF THE RESTRICTED STOCK UNIT GRANT?

 The details of your Restricted Stock Units and the number of Shares you will receive upon vesting are set out in your Grant Agreement.

  

	10.	 DO I HAVE RIGHTS AS A SHAREHOLDER OF THE COMPANY AS A RESULT OF A RESTRICTED STOCK UNIT GRANT? 

 You are not a shareholder merely as a result of holding the Restricted Stock Units. The Restricted Stock Units will not entitle you to
any shareholder rights, including the right to vote or receive dividends, notices of meetings, proxy statements and other materials provided to shareholders until the restrictions lapse and the Restricted Stock Units vest. You are not recorded as
the owner of the Shares unless and until the Shares underlying the Restricted Stock Units are issued to you upon vesting. 
  

	11.	 CAN I TRANSFER THE RESTRICTED STOCK UNITS TO SOMEONE ELSE? 

The Restricted Stock Units may not be sold, pledged, assigned, hypothecated, transferred or disposed of in any manner other than by will or by the laws of
descent or distribution, unless otherwise provided in your Grant Agreement or by the Committee. However, once the Shares are issued upon vesting, the Shares will be freely tradable (subject to the Company’s policies and applicable laws,
including those regarding insider trading). 

	12.	 WHAT IS A SHARE OF COMMON STOCK IN THE COMPANY? 

A share of common stock of a U.S. corporation is analogous to an ordinary share of an Australian corporation. Each holder of a share of common stock is
entitled to one vote for every Share held in the Company. 
 Dividends may be paid on the Shares out of any funds of the Company legally available for
dividends at the discretion of the Company. 
 The Shares are listed on the New York Stock Exchange (“NYSE”) in the United States of
America under the symbol “[•].” 
 The Shares are not liable to any further calls for payment of capital or for other assessment by the
Company and have no sinking fund provisions, pre-emptive rights, conversion rights or redemption provisions. 
  

	13.	 HOW CAN I OBTAIN INDICATIVE EXAMPLES OF THE CURRENT MARKET PRICE IN AUSTRALIAN DOLLARS?

 You may ascertain the current market price of the Shares as traded on the NYSE at http://www.nyse.com under the symbol “VNT.”
The Australian dollar equivalent of that price will be calculated using the U.S. dollar exchange rate, which can be obtained at: http://www.rba.gov.au/statistics/frequency/exchange-rates.html. 

This is not a prediction of what the market price of the Shares will be on any applicable vesting date or of the applicable exchange rate at such time.

  

	14.	 WHAT ADDITIONAL RISK FACTORS APPLY TO AUSTRALIAN RESIDENTS’ PARTICIPATION IN THE PLAN?

 You should have regard to risk factors relevant to investment in securities generally and, in particular, to the holding of the Shares.

 For example, the price at which the Shares are quoted on the NYSE may increase or decrease due to a number of factors. There is no guarantee that the
price of the Shares will increase. Factors which may affect the price of the Shares include fluctuations in the domestic and international market for listed stocks, general economic conditions, including interest rates, inflation rates, commodity
prices, changes to government fiscal, monetary or regulatory policies, legislation or regulation, the nature of the markets in which the Company operates and general operational and business risks. 

More information about potential factors that could affect the Company’s business and financial results is included in the Company’s most recent
filings with the U.S. Securities and Exchange Commission (“SEC”), including the Company’s Quarterly Reports on Form 10-Q and, following the close of the Company’s fiscal year, the
Company’s Annual Report on Form 10-K. Copies of these reports are available at www.sec.gov or on the Company’s Investor Relations website at [•]. 

 

	15.	 CAN THE PLAN BE MODIFIED OR TERMINATED? 

The Committee may at any time amend, alter, suspend or terminate the Plan, in accordance with the Plan. The Company will obtain stockholder approval of any
Plan amendment to the extent necessary and desirable to comply with applicable laws. No such amendment, alteration, suspension or termination of the Plan shall impair your rights with respect to any outstanding Restricted Stock Units, except with
your written consent. 

	16.	 WHAT ARE THE U.S. TAXATION CONSEQUENCES OF PARTICIPATION IN THE PLAN? 

Employees will not be subject to U.S. tax by reason only of the grant of the Restricted Stock Units, the acquisition of the Shares and/or the sale of the
Shares. However, liability for U.S. taxes may accrue if an employee is otherwise subject to U.S. taxes. 
 The above is an indication only of the likely
U.S. taxation consequences for Australian resident employees who accept the Restricted Stock Units granted under the Plan. Employees should seek their own advice as to the U.S. taxation consequences of participation. 

 

	17.	 WHAT ARE THE AUSTRALIAN TAXATION CONSEQUENCES OF PARTICIPATION IN THE PLAN? 

The following is a summary of the taxation consequences for an Australian resident employee who is granted Restricted Stock Units under the Plan as of
[•]. The summary is necessarily general in nature and does not purport to be taxation advice in relation to an actual or potential recipient of Restricted Stock Units. 

You should not rely on this summary as anything other than a broad guide, and you should obtain independent taxation advice to your particular circumstances
before making the decision to accept the Restricted Stock Units. If you are a citizen or resident of another country for local tax law purposes, transfer employment to another country after the Restricted Stock Unit grant, or are considered a tax
resident of another country, the information contained in this summary may not be applicable to you in the same manner. You should seek appropriate professional advice as to how the tax or other laws in your country apply to your specific
situation. 
  

	 	(a)	 What is the effect of the grant of the Restricted Stock Units? 

The Australian tax legislation contains specific rules, in Division 83A of the Income Tax Assessment Act 1997, governing the taxation of shares and rights
(called “ESS interests”) acquired by employees under employee share schemes. The Restricted Stock Units issued under the Plan should be regarded as a right to acquire shares and accordingly, an ESS interest for these purposes. 

Your assessable income includes the ESS interest at grant unless the ESS interest is either subject to a “real risk of forfeiture” or you are
genuinely restricted from immediately disposing of the ESS interest and there is a statement in the grant documents that deferral is to apply, in which case you will be subject to deferred taxation. The terms of your Restricted Stock Unit grant are
set out in the Grant Agreement. It is generally understood that your Restricted Stock Units will satisfy the real risk of forfeiture test. In addition, the Restricted Stock Units are non-transferrable and the
Grant Agreement contains a statement that Subdivision 83A-C of the Income Tax Assessment Act 1997 applies to the Plan, which means that tax deferral is to apply to the Restricted Stock Units. However, whether
or not there is a real risk of forfeiture may depend upon your individual circumstances. Accordingly, you should seek your own personal advice in relation to your particular circumstances. The following summary assumes that your Restricted Stock
Units are subject to a real risk of forfeiture. 
  

	 	(b)	 When will my Restricted Stock Units be taxed? 

You will be required to include an amount in your assessable income for the income year (i.e., the financial year ending 30 June) in which the
earliest of the following events occurs in relation to the Restricted Stock Units (the “ESS deferred taxing point”). Your ESS deferred taxing point will be the earliest of the following: 

 

	 	(i)	 there are both no longer any genuine restrictions on the vesting of the Restricted Stock Units or the
underlying Shares being disposed of, and there is no real risk of you forfeiting the Restricted Stock Units or the underlying Shares; or 

	 	(ii)	 you cease relevant employment (i.e., you are no longer employed by your employer or by the company
within the Company group), if you do not forfeit the Restricted Stock Units upon such cessation of employment; or 

  

	 	(iii)	 15 years from when the Restricted Stock Units were granted. 

Generally, this means that you will be subject to tax when your Restricted Stock Units vest and Shares are issued to you. However, the ESS deferred taxing
point for your Restricted Stock Units will be moved to the time you sell the underlying Shares if you sell the underlying Shares within 30 days of the original ESS deferred taxing point (i.e., typically within 30 days of vesting). In other
words, the income must be reported in the income year in which the sale occurs and not when the ESS deferred taxing point occurs if you sell the underlying Shares in an arm’s length transaction within 30 days of the ESS deferred taxing point.

  

	 	(c)	 What is the amount to be included in your assessable income if an ESS deferred taxing point occurs?

 The amount you must include in your assessable income in the income year in which the ESS deferred taxing point occurs in relation
to your Restricted Stock Units will be the “market value” of the underlying Shares at the ESS deferred taxing point. 
 If,
however, you sell the Shares within 30 days of the ESS deferred taxing point, the amount to be included in your assessable income in the income year in which the sale occurs will be equal to the difference between the sale proceeds and the cost base
of the Shares (which should include any incidental costs of sale such as brokerage fees). 
 You will be subject to income tax at your marginal tax rate on
the assessable amount. In addition, the assessable amount will be subject to Medicare levy and, if applicable, surcharge. 
  

	 	(d)	 What is the market value of the underlying Shares? 

The “market value” of the underlying Shares, as applicable, at the ESS deferred taxing point is determined according to the
ordinary meaning of “market value,” expressed in Australian currency. The Company will determine the market value in accordance with guidelines prepared by the Australia Tax Office (“ATO”). 

The Company has the obligation to provide you with certain information about your participation in the Plan at certain times, including after the end of the
income year in which the ESS deferred taxing point occurs. This may assist you in determining the market value of the underlying Shares at the ESS deferred taxing point. However, this estimate may not be correct if you sell the Shares within 30 days
of the original ESS deferred taxing point, in which case it is your responsibility to report and pay the appropriate amount of tax is based on the sales proceeds. 
  

	 	(e)	 What happens if I to cease employment before my Restricted Stock Units vest? 

If you cease employment prior to the vesting date of some or all of your Restricted Stock Units and the Restricted Stock Units do not vest upon termination of
employment (i.e., they are forfeited), you may be treated as having never acquired the Restricted Stock Units in which case, no amount will be included in your assessable income. 

	 	(f)	 What tax consequences will arise when I sell my Shares? 

If you sell the Shares acquired upon vesting of your Restricted Stock Units within 30 days of the original ESS deferred taxing point, your tax consequences
will be as described above. 
 If you sell the Shares acquired upon vesting of your Restricted Stock Units more than 30 days after the original ESS deferred
taxing point, you will be subject to capital gains tax to the extent that the sales proceeds exceed your cost basis in the Shares sold, assuming that the sale of the Shares occurs in an arm’s-length
transaction (as generally will be the case provided the shares are sold through the New York Stock Exchange). Your cost basis in the Shares generally will be equal to the market value of the Shares at the ESS deferred taxing point plus any
incremental costs you incur in connection with the sale (e.g., brokers fees). 
 The amount of any capital gain you realize must be included in your
assessable income for the year in which the Shares are sold. However, if you hold the Shares for at least one year prior to selling (excluding the dates you acquired and sold the Shares), you may be able to apply a discount to the amount of capital
gain that you are required to include in your assessable income. If this discount is available, you may calculate the amount of capital gain to be included in your assessable income by first subtracting all available capital losses from your capital
gains and then multiplying each capital gain by the discount percentage of 50%.     
 You are responsible for reporting any income you
realize from the sale of the Shares acquired upon vesting of your Restricted Stock Units and paying any applicable taxes due on such income. 
 If your
sales proceeds are lower than your cost basis in the Shares sold (assuming the sale occurred in an arm’s-length transaction), you will realize a capital loss. Capital losses may be used to offset capital
gains realized in the current tax year or in any subsequent tax year, but may not be used to offset other types of income (e.g., salary or wage income). 
  

	 	(g)	 What are the taxation consequences if a dividend is paid? 

If you vest in the Restricted Stock Units and become a Company shareholder, you may be entitled to receive dividends paid on the Shares obtained from vesting
in the Restricted Stock Units, if the Committee, in its discretion, declares a dividend. Any dividends paid on the Shares will be subject to income tax in Australia in the income year they are paid. The dividends are also subject to U.S. federal
withholding tax. You may be entitled to a foreign income tax offset, whereby the U.S. federal withholding tax is offset against the Australian tax payable on the dividend. 
  

	 	(h)	 What are the tax withholding and reporting obligations in relation to any income that I may realize pursuant
to participation in the Plan? 

 You will be responsible for reporting on your tax return and paying any tax liability in relation to
the Restricted Stock Units and any Shares issued to you at Restricted Stock Unit vesting. It is also your responsibility to report and pay any tax liability on capital gains or any dividends received. 

Your employer will be required to withhold tax due on the Restricted Stock Units only if you have not provided your Tax File Number (“TFN”) or
Australian Business Number (“ABN”) (as applicable) to your employer. 
 However, the Company of the Restricted Stock Units must provide you (no
later than 14 July after the end of the financial year) and the Commissioner of Taxation (no later than 14 August after the end of the financial year) with a statement containing certain information about your participation in the Plan in
the income year when the ESS deferred taxing point occurs (typically the year of vesting of Restricted Stock Units) (including the provider’s calculation of the market value of the Shares at the ESS deferred taxing

 
point). Please note, however, that if you sell the Shares within 30 days of the ESS deferred taxing point, your taxing point will not be at the ESS deferred taxing point, but will be the date of
sale; as such, the amount reported by your employer may differ from your actual taxable amount (which would be based on the value of the Shares less the cost base when sold, rather than at the ESS deferred taxing point). You will be responsible for
determining this amount and calculating your tax accordingly. 

*                *       
         *                *                *

 We urge you to carefully review the information contained in this Offer Document, your individual Grant Agreement and all of the Additional Documents.

 PARTICIPANTS IN AUSTRIA 
 Exchange Control Notice

 If the Participant holds the Shares acquired under the Plan outside of Austria, the Participant must submit a report to the Austrian National Bank. An
exemption applies if the value of the Shares as of any given quarter does not exceed €30,000,000 or as of December 31 does not exceed €5,000,000. If the former threshold is exceeded, quarterly obligations are imposed, whereas if the
latter threshold is exceeded, annual reports must be given. The deadline for filing the quarterly report is the 15th day of the month following the end of the respective quarter. The deadline for filing the annual report is January 31 of the
following year of the respective quarter. 
 When the Participant sells the Shares acquired under the Plan or receives a dividend payment, there may be
exchange control obligations if the cash proceeds are held outside of Austria. If the transaction volume of all accounts abroad exceeds €10,000,000, the movements and balances of all accounts must be reported monthly, as of the last day of the
month, on or before the 15th day of the following month, on the prescribed form (Meldungen SI-Forderungen und/oder SI-Verpflichtungen). 

PARTICIPANTS IN BELGIUM 
 Foreign Asset/Account
Reporting Information 
 Belgian residents are required to report any security (e.g., the Shares acquired under the Plan) or bank accounts (including
brokerage accounts) opened and maintained outside of Belgium on their annual tax return. The Participant will also be required to complete a separate report providing the National Bank of Belgium with details regarding any such account (including
the account number, the name of the bank in which such account is held and the country in which such account is located). This report, as well as additional information on how to complete it, can be found on the website of the National Bank of
Belgium, www.nbb.be, under Kredietcentrales / Centrales des crédits caption. 
 Stock Exchange Tax 

A stock exchange tax applies to transactions executed by a Belgium resident through a non-Belgian financial
intermediary. The stock exchange tax likely will apply when Shares are sold. The Participant should consult with his or her personal tax advisor for additional details on the Participant’s obligations with respect to the stock exchange
tax. 
 Broker Account Tax Information 
 Belgian
residents are subject to a brokerage account tax if the average annual value of securities (including Shares acquired under the Plan) held by such resident in a brokerage account exceeds certain thresholds. As the calculation of this tax is complex,
the Participant should consult with the Participant’s personal tax or financial advisor for details on the applicability of this tax. 

 PARTICIPANTS IN BRAZIL 

Labor Law Policy and Acknowledgement 
 This provision
supplements Section 8 of the Agreement: 
 By accepting the RSUs, the Participant agrees that he or she is (i) making an investment decision;
(ii) the Shares will be issued to the Participant only if the Vesting Conditions are met and (iii) the value of the underlying Shares is not fixed and may increase or decrease over the vesting period without compensation to the
Participant. 
 Compliance with Law 
 By accepting the
RSUs, the Participant acknowledges his or her agreement to comply with applicable Brazilian laws and to pay any and all applicable taxes associated with the vesting of the RSUs, and the sale of the Shares acquired under the Plan and the receipt of
any dividends.  
 Securities Law Notice 
 The
RSUs and the securities granted under the Plan have not been and will not be publicly issued, placed, distributed, offered or negotiated in the Brazilian capital markets and, as a result, will not be registered with the Brazilian Securities
Commission (Comissão de Valores Mobiliários, the CVM). Therefore, the RSUs and the securities granted under the RSUs will not be offered or sold in Brazil, except in circumstances which do not constitute a public offering, placement,
distribution or negotiation under the Brazilian capital markets regulation. 
 Foreign Asset/Account Reporting Information 

If the Participant is a resident or domiciled in Brazil and holds assets and rights outside Brazil with an aggregated value exceeding US$100,000, but less than
US$100,000,000 the Participant will be required to prepare and submit to the Central Bank of Brazil an annual declaration of such assets and rights. If the aggregate value of the assets and rights outside Brazil exceeds $100,000,000, a declaration
must be submitted quarterly. Assets and rights that must be reported include the Shares acquired under the Plan. Please note that foreign individuals holding Brazilian visas are considered Brazilian residents for purposes of this reporting
requirement and must declare at least the assets held abroad that were acquired subsequent to the date of admittance as a resident of Brazil. Individuals holding assets and rights outside Brazil valued at less than US$100,000 are not required to
submit a declaration. Please note that the US$100,000 threshold may be changed annually. 
 Tax on Financial Transactions (IOF) 

Payments to foreign countries and repatriation of funds into Brazil, and the conversion between BRL and USD associated with such fund transfers, may be subject
to the Tax on Financial Transaction. It is the Participant’s responsibility to comply with any applicable Tax on Financial Transaction arising from participation in the Plan. The Participant should consult with his or her personal tax
advisor for additional details. 
 PARTICIPANTS IN CANADA 

RSUs Payable Only in Shares 
 RSUs granted to Participants
in Canada shall be paid in Shares only. In no event shall any of the RSUs be paid in cash, notwithstanding any discretion contained in the Plan, or any provision in the Agreement to the contrary. 

The following two provisions apply if the Participant is a resident of Quebec: 

Consent to Receive Information in English 

 The parties acknowledge that it is their express wish that this Agreement, as well as all documents, notices
and legal proceedings entered into, given or instituted pursuant hereto or relating directly or indirectly hereto, be written in English. 
 Les parties
reconnaissent avoir exigé la rédaction en anglais du présent Contrat, ainsi que de tous documents exécutés, avis donnés ou procédures judiciaires intentées, en vertu du, ou liés
directement ou indirectement au, présent Contrat. 
 Data Privacy 

The following provision supplements Section 14 of the Agreement: 

The Participant hereby authorizes the Company and the Company’s representatives to discuss with and obtain all relevant information from all personnel,
professional or not, involved in the administration and operation of the Participant’s awards under the Plan. Participant further authorizes the Company, its Subsidiaries, and the Stock Plan Administrator, to disclose and discuss the
Participant’s participation in the Plan with their respective advisors. The Participant further authorizes the Company and its Subsidiaries to record such information and to keep such information in his or her employee file. 

Securities Law Notice 
 The Participant is permitted to
sell the Shares acquired through the Plan through the designated broker appointed under the Plan, if any (or any other broker acceptable to the Company), provided the resale of the Shares acquired under the Plan takes place outside of Canada through
the facilities of a stock exchange on which the Shares is listed. The Shares are currently listed on the New York Stock Exchange. 
 Foreign
Asset/Account Reporting Information 
 Foreign property, including RSUs, the Shares acquired under the Plan, and other rights to receive shares of a non-Canadian company held by a Canadian resident must generally be reported annually on a Form T1135 (Foreign Income Verification Statement) if the total cost of the foreign property exceeds C$100,000 at any time
during the year. Thus, such unvested RSUs must be reported – generally at a nil cost – if the C$100,000 cost threshold is exceeded because the Participant holds other foreign property. When the Shares are acquired, their cost generally is
the adjusted cost base (“ACB”) of the shares. The ACB would ordinarily equal the fair market value of the Shares at the time of acquisition, but if the Participant owns other shares of the same company, this ACB may need to be averaged
with the ACB of the other shares. The Participant should consult his or her personal legal advisor to ensure compliance with applicable reporting obligations. 

PARTICIPANTS IN CHILE 
 Securities Law Notice 

The offer of RSUs constitutes a private offering of securities in Chile effective as of Grant Date. This offer of RSUs is made subject to general ruling
No. 336 of the Chilean Commission for the Financial Market (“CMF”). The offer refers to securities not registered at the securities registry or at the foreign securities register of the CMF. Given that the RSUs are not registered in
Chile, the Company is not required to provide public information about the RSUs or the Shares in Chile. Unless the RSUs and/or the Shares are registered with the CMF, a public offering of such securities cannot be made in Chile. 

Esta oferta de Unidades de Acciones Restringidas (“RSU”) constituye una oferta privada de valores en Chile y se inicia en la Fecha de la
Concesión. Esta oferta de RSU se acoge a las disposiciones de la Norma de Carácter General No 336 (“NCG 336”) de la Comision para el Mercado Financiero (“CMF”). Esta oferta versa sobre valores no inscritos
en el Registro de Valores o en el Registro de Valores Extranjeros que lleva la CMF, por lo que tales valores no están sujetos a la fiscalización de ésta. Por tratarse los RSU de valores no registrados en Chile, no existe
obligación por parte de la Compañía de entregar en Chile información pública respecto de los RSU or sus Acciones. Estos valores no podrán ser objeto de oferta pública en Chile mientras no sean
inscritos en el Registro de Valores correspondiente. 

 Exchange Control Notice 

Chilean residents are not required to repatriate proceeds obtained from the sale of shares or from dividends to Chile; however, if the Participant decides to
repatriate proceeds from the sale of shares and/or dividends and the amount exceeds US$10,000, the Participant must effect such repatriation through the Former Exchange Market (i.e., commercial bank or registered foreign exchange office in
Chile). If the Participant does not repatriate the proceeds and uses such proceeds for the payment of other obligations contemplated under a different Chapter of the Foreign Exchange Regulations, the Participant must sign Annex 1 of the Manual of
Chapter XII of the Foreign Exchange Regulations and file it directly with the Central Bank within the first ten (10) days of the month following the transaction. 

If the Participant’s aggregate investments held outside of Chile exceeds US$5,000,000 (including the value of the Shares acquired under the Plan), the
Participant must report the investments to the Central Bank. Annex 3.1 of Chapter XII of the Foreign Exchange Regulations must be used to file this report. 

Please note that exchange control regulations in Chile are subject to change. The Participant should consult with his or her personal legal advisor regarding
any exchange control obligations that the Participant may have prior to the vesting of the RSUs. 
 Foreign Asset/Account Reporting Information 

The Chilean Internal Revenue Service (“CIRS”) requires all taxpayers to provide information annually regarding: (i) any taxes paid abroad which
taxpayers will use as a credit against Chilean income tax, and (ii) the results of investments held abroad. The sworn statements disclosing this information (or Formularios) must be submitted electronically through the CIRS website at
www.sii.Cl, using Form 1929, which is due on June 30 each year, depending on the assets and/or taxes being reported. 
 PARTICIPANTS IN CHINA

 Exchange Control Restrictions Applicable to Participants who are PRC Nationals 

If the Participant is a local national of the People’s Republic of China (“PRC”), the Participant agrees and acknowledges that upon RSU vesting
the underlying Shares may be sold immediately or, at the Company’s discretion, at a later time. The Participant further agrees that the Company is authorized to instruct its designated broker to assist with the mandatory sale of such Shares (on
Participant’s behalf pursuant to this authorization), and the Participant expressly authorizes such broker to complete the sale of such Shares. The Participant acknowledges that the Company’s designated broker is under no obligation to
arrange for the sale of the Shares at any particular price. Upon the sale of the Shares, the Company agrees to pay the cash proceeds from the sale, less any brokerage fees or commissions, to the Participant in accordance with applicable exchange
control laws and regulations and provided any liability for Tax Related Items resulting from the vesting of the RSUs has been satisfied. Due to fluctuations in the Share price and/or the U.S. Dollars exchange rate between the Vesting Date and (if
later) the date on which the Shares are sold, the sale proceeds may be more or less than the market value of the Shares on the Vesting Date. The Participant understands and agrees that the Company is not responsible for the amount of any loss the
Participant may incur and that the Company assumes no liability for any fluctuations in the Share price and/or U.S. Dollars exchange rate. 
 The
Participant understands and agrees that, due to exchange control laws in China, the Participant will be required to immediately repatriate to China the cash proceeds from the sale of any Shares acquired at vesting of the RSUs and any dividends
received in relation to the Shares. Participant further understands that, under local law, such repatriation of the cash proceeds may need to be effectuated through a special exchange control account to be approved by the local foreign exchange
administration, and the Participant hereby 

 
consents and agrees that the proceeds from the sale of the Shares acquired under the Plan and any dividends received in relation to the Shares may be transferred to such special account prior to
being delivered to the Participant. The proceeds may be paid to the Participant in U.S. Dollars or local currency at the Company’s discretion. In the event the proceeds are paid to the Participant in U.S. Dollars, the Participant understands
that he or she will be required to set up a U.S. Dollar bank account in China and provide the bank account details to the Employer and/or the Company so that the proceeds may be deposited into this account. In addition, the Participant
understands and agrees that the Participant will be responsible for converting the proceeds into Renminbi Yuan at the Participant’s expense. 
 If the
proceeds are paid to the Participant in local currency, the Participant agrees to bear any currency fluctuation risk between the time the Shares are sold or dividends are paid and the time the proceeds are distributed to the Participant through any
such special account. The Participant agrees to bear any currency fluctuation risk between the time the Shares are sold or dividends are received and the time the proceeds are distributed through any such special exchange account. 

Exchange Control Notice Applicable to Participants in the People’s Republic of China (“PRC”) 

The Participant understands that exchange control restrictions may limit the Participant’s ability to access and/or convert funds received under the Plan.
The Participant should confirm the procedures and requirements for withdrawals and conversions of foreign currency with his or her local bank prior to the vesting of the RSUs/sale of the Shares. 

The Participant agrees to comply with any other requirements that may be imposed by the Company in the future in order to facilitate compliance with exchange
control requirements in the Peoples’ Republic of China. 
 Foreign Asset/Account Reporting Information 

PRC residents are required to report to SAFE details of their foreign financial assets and liabilities, as well as details of any economic transactions
conducted with non-PRC residents, either directly or through financial institutions. The Participant may be subject to reporting obligations for the Shares or awards acquired under the Plan and Plan-related
transactions. It is the Participant’s responsibility to comply with this reporting obligation and the Participant should consult his/her personal tax advisor in this regard. 

PARTICIPANTS IN COLOMBIA 
 Labor Law Acknowledgement

 The following provision supplements Section 8 of the Agreement: 

The Participant acknowledges that pursuant to Article 15 of Law 50/1990 (Article 128 of the Colombian Labor Code), amended by Article 15 Law 50, 1990, the
Plan, the RSUs, the underlying Shares, and any other amounts or payments granted or realized from participation in the Plan do not constitute a component of the Participant’s “salary” for any purpose. To this extent, they will not be
included and/or considered for purposes of calculating any and all labor benefits, such as legal/fringe benefits, vacations, indemnities, payroll taxes, social insurance contributions or any other labor-related amount which may be payable. 

Securities Law Notice 
 The Shares are not and will not be
registered with the Colombian registry of publicly traded securities (Registro Nacional de Valores y Emisores) and, therefore, the Shares may not be offered to the public in Colombia. Nothing in the Plan, the Agreement (including this
Addendum) or any other document evidencing the grant of the RSUs should be construed as making a public offer of securities in Colombia. 

 Exchange Control Notice 

Foreign investments must be registered with the Central Bank of Colombia (Banco de la República). Upon the subsequent sale or other
disposition of investments held abroad, the registration with the Central Bank must be canceled, the proceeds from the sale or other disposition of the Shares must be repatriated to Colombia and the appropriate Central Bank form must be filed
(usually with the Participant’s local bank). The Participant acknowledges that he or she personally is responsible for complying with Colombian exchange control requirements. 

Foreign Asset/Account Reporting Information 
 An annual
informative return must be filed with the Colombian Tax Office detailing any assets held abroad (including the Shares acquired under the Plan). If the individual value of any of these assets exceeds a certain threshold, each asset must be described
(e.g., its nature and its value) and the jurisdiction in which it is located must be disclosed. The Participant acknowledges that he or she personally is responsible for complying with this tax reporting requirement. 

PARTICIPANTS IN THE CZECH REPUBLIC 
 Exchange Control
Notice 
 Upon request of the Czech National Bank (the “CNB”), the Participant may need to report the following to the CNB: foreign direct
investments, financial credits from abroad, investment in foreign securities and associated collection and payments (Shares and proceeds from the sale of Shares may be included in this reporting requirement). The Participant may need to report the
following even in the absence of a request from the CNB: foreign direct investments with a value of CZK 2,500,000 or more in the aggregate or other foreign financial assets with a value of CZK 200,000,000 or more. 

Because exchange control regulations change frequently and without notice, the Participant should consult his or her personal legal advisor prior to the sale
of Shares to ensure compliance with current regulations. It is the Participant’s responsibility to comply with Czech exchange control laws, and neither the Company nor any Subsidiary will be liable for any resulting fines or penalties. 

PARTICIPANTS IN DENMARK 
 Danish Stock Option Act

 Notwithstanding any provisions in the Agreement to the contrary, the treatment of the RSUs upon the Participant’s termination of employment shall
be governed by the Danish Act on the Use of Rights to Purchase or Subscribe for Shares etc. in Employment Relationships (the “Stock Option Act”), as in effect at the time of the Participant’s termination of employment (as determined
by the Administrator, in its discretion, in consultation with legal counsel). The Participant acknowledge having received an “Employer Information Statement” in Danish, which is being provided to comply with the Stock Option Act. 

Foreign Asset/Account Reporting Information 
 The
establishment of an account holding the Shares or an account holding cash outside Denmark must be reported to the Danish Tax Administration. The form which should be used in this respect may be obtained from a local bank. These obligations are
separate from and in addition to the obligations described above. 

 VONTIER CORPORATION 

2020 STOCK INCENTIVE PLAN 

EMPLOYER INFORMATION STATEMENT – DENMARK 

STOCK OPTION AND / OR RESTRICTED STOCK UNIT GRANT ON 

Grant Date 
  

 
 Pursuant to section 3(1) of the Danish Act on the
Use of Rights to Purchase or Subscribe for Shares etc. in Employment Relationships (the “Stock Option Act”), Vontier Corporation (the “Company”) is providing you with the following information regarding the Company’s grant
of a stock option (“Stock Option”) and / or restricted stock units (“RSUs”) (each an “Award”) in a separate written statement. This statement contains only the information mentioned in the Stock Option Act, while the
other terms and conditions of your Award(s) are described in detail in the Vontier Corporation 2020 Stock Incentive Plan (the “Plan”), the Company Stock Option Agreement and / or the Company Restricted Stock Unit Agreement (each an
“Agreement”) and the Addendum to the Agreement(s) (which form part of the Agreement(s)), all of which have been given to you. 
 It is stated in
section 1 of the Stock Option Act that the Stock Option Act only applies to employees. “Employees” are defined in section 2 of the Stock Option Act as persons who receive remuneration for their personal services in an employment
relationship. Persons, including managers, who are not regarded as employees under the Stock Option Act, will not be subject to the Stock Option Act. If you are not an employee within the meaning of the Stock Option Act, the Company therefore has no
obligation to issue an Employer Information Statement to you and you will not be able to rely on this Employer Information Statement for legal purposes. 
  

	1.	 Date of Grant 

The date of grant for the Award(s) is Grant Date. 
  

	2.	 Terms and Conditions of the Grants 

The grant of the Award(s) is made at the sole discretion of the Board or the appropriate Committee of the Board. In its assessment, the Board
(or the appropriate Committee of the Board) considered a number of factors, including (but not limited to) the Company’s performance, the projected impact of the grant on the Company’s earnings, and the value of the grants as compared to
those of the Company’s comparator group of companies. The Company may decide, in its sole discretion, not to make any grants of Stock Options and / or RSUs to you in the future. Under the terms of the Plan and the Agreement(s), you have no
entitlement or claim to receive future grants of Stock Options and / or RSUs. 

	3.	 Vesting Dates 

Stock Option 
 The Stock
Option will vest in accordance with the terms of the Plan and the Agreement. Under the terms of the Agreement, the Stock Option generally will vest and become exercisable 20% per year on each anniversary of the date of grant. 

RSUs 
 The RSUs will vest
in accordance with the terms of the Plan and the Agreement. Under the terms of the Agreement, the RSUs generally will vest 20% per year on each anniversary of the date of grant. 

 

	4.	 Exercise Price 

Stock Option 
 During the
Stock Option exercise period, the Stock Option can be exercised to purchase shares of the Company’s common stock at a price corresponding to the fair market value of the stock at the time of grant, as determined by the Company. For this Stock
Option grant, the exercise price of the Stock Option is USD Grant Price. 
 RSUs 

Because each RSU entitles you to receive one share of the Company’s common stock on the date of vesting without any cost to you or other
payment required from you, there is no exercise price associated with the RSUs. 
  

	5.	 Your Rights upon Termination 

The treatment of the Award(s) upon termination of employment will be determined under Sections 4 and 5 of the Stock Option Act unless the terms
contained in the Agreement(s) and in the Plan are more favorable to you than Sections 4 and 5 of the Stock Option Act. 
 Under the Stock
Option Act, the Award(s) will survive and will not be forfeited if you are terminated by your employer for any reason other than misconduct (as determined under Danish law and the Stock Option Act) or summary dismissal. This means that you may be
entitled to continue to vest in the Award(s) as if you were still an employee in accordance with your Agreement(s) and the Plan. Also, you may be entitled to receive an additional grant, proportionate to the length of your employment in the
accounting year in which you are terminated, to which you would have been entitled according to agreement or custom had you still been employed at the end of the accounting year (the calculation will be in accordance with Section 5 of the Stock
Options Act). This provision will not apply if the termination is due to your breach of your employment contract (misconduct or summary dismissal), in which case the Award(s) will lapse to the extent the Award(s) have not vested on the effective
date of termination of your employment. Such lapse will take place automatically without notice on the effective date of termination of your employment. 

 If you resign from your employment due to your employer’s gross misconduct (as
determined under Danish law), or if your employment terminates because you reach the age of retirement for employees in your employer company or because you are entitled to receive old-age pension from the
Danish state or your employer, the Award(s) shall continue on unchanged terms as if you had still been employed. Also, you may be entitled to receive an additional grant, proportionate to the length of your employment in the accounting year in which
you are terminated, to which you would have been entitled according to agreement or custom had you still been employed at the end of the accounting year (the calculation will be in accordance with Section 5 of the Stock Options Act). 

If you resign from your employment for other reasons, the forfeiture of your Award(s) will be determined in accordance with the terms of the
Agreement(s). In addition, you will be ineligible to receive any additional grants after your resignation. 
  

	6.	 Financial Aspects of Participating in the Plan 

The grant of the Award(s) has no immediate financial consequences for you. The value of the Award(s) is not taken into account when calculating
holiday allowances, pension contributions or other statutory consideration calculated on the basis of salary. The tax treatment of the Award(s) depends on a number of aspects and thus, you are encouraged to seek independent advice regarding your tax
position. 
 Shares of stock are financial instruments and investing in stock will always have financial risk. The possibility of profit at
the time you receive shares of stock may not only be dependent on the Company’s financial development, but inter alia also on the general development of the stock market. In addition, before or after you receive shares, the shares of Company
stock could decrease in value even below the price of such stock on the date of grant. 
  

	7.	 Other Issues 

Apart from Clause 5 in this Statement (regarding your rights upon termination of employment), this Statement does not intend to alter any
provisions of the Plan or the Agreement(s) (or any related document), and the Plan and the Agreement(s) (and any related document) shall prevail in case of any ambiguities. However, your mandatory rights under the Stock Option Act shall prevail in
case of any ambiguities. 
 *                
*                *                * 

Vontier Corporation 

 VONTIER CORPORATION 

2020 STOCK INCENTIVE PLAN 

ARBEJDSGIVERERKLÆRING – DANMARK 

TILDELING AF AKTIEOPTIONER OG/ELLER BETINGEDE AKTIER DEN 

Grant Date 
  

 
 I henhold til § 3, stk. 1, i lov om brug af
køberet eller tegningsret m.v. i ansættelsesforhold (“Aktieoptionsloven”) skal Vontier Corporation (“Selskabet”) i en særskilt skriftlig erklæring give dig følgende oplysninger om Selskabets
tildeling af en aktieoption (“Aktieoption”) og/eller betingede aktier (“Betingede Aktier”) (hver især benævnt en “Tildeling”). Denne erklæring indeholder kun de oplysninger, der er nævnt i
Aktieoptionsloven, hvorimod de øvrige vilkår og betingelser for din(e) Tildeling(er) er nærmere beskrevet i Vontier Corporation 2020 Stock Incentive Plan (“Planen”), Selskabet Stock Option Agreement
og/eller Selskabet Restricted Stock Unit Agreement (hver især benævnt en “Aftale”) og i Tillægget til Aftalen/Aftalerne (som udgør en del af Aftalen/Aftalerne). Disse dokumenter er alle blevet udleveret til
dig. 
 Det fremgår af Aktieoptionslovens § 1, at loven kun gælder for lønmodtagere. “Lønmodtagere” er defineret i
Aktieoptionslovens § 2 som personer, der modtager vederlag for personligt arbejde i tjenesteforhold. Personer, herunder ledere, som ikke anses for at være lønmodtagere i Aktieoptionslovens forstand, er ikke omfattet af
Aktieoptionsloven. Hvis du ikke er lønmodtager i Aktieoptionslovens forstand, er Selskabet derfor ikke forpligtet til at udstede en arbejdsgivererklæring til dig, og du vil ikke i juridisk henseende kunne henholde dig til denne
arbejdsgivererklæring. 
  

	1.	 Tildelingstidspunkt 

Tidspunktet for din modtagelse af Tildeling(er) er Grant Date. 
  

	2.	 Vilkår og betingelser for din(e) Tildeling(er): 

Din(e) Tildeling(er) uddeles efter bestyrelsens eller det relevante bestyrelsesudvalgs eget skøn. Bestyrelsen (eller det relevante
bestyrelsesudvalg) har i sin vurdering inddraget en række faktorer, herunder (men ikke begrænset til) Selskabets resultat, Tildelingernes forventede indvirkning på Selskabets indtjening og Tildelingernes værdi sammenlignet
med tildelinger i sammenlignelige selskaber. Selskabet kan frit vælge fremover ikke at tildele dig nogen Aktieoptioner og/eller Betingede Aktier. I henhold til bestemmelserne i Planen og Aftalen har du ikke hverken ret til eller krav på
fremover at få tildelt Aktieoptioner og/eller Betingede Aktier. 

	3.	 Modningsdatoer 

Aktieoption 
 Aktieoptionen
modnes i overensstemmelse med vilkårene i Planen og i Aftalen. I henhold til Aftalen modnes Aktieoptionen generelt med 20% pr. år på hver årsdag for tildelingstidspunktet. 

Betingede Aktier 
 Dine
Betingede Aktier modnes i overensstemmelse med vilkårene i Planen og i Aftalen. I henhold til Aftalen modnes de Betingede Aktier generelt med 20% pr. år på hver årsdag for tildelingstidspunktet. 

 

	4.	 Udnyttelseskurs 

Aktieoption 
 I
udnyttelsesperioden kan Aktieoptionen udnyttes til køb af ordinære aktier i Selskabet til en kurs, der svarer til aktiernes markedskurs på tildelingstidspunktet som fastsat af Selskabet. For denne Tildeling er Aktieoptionens
udnyttelseskurs USD Grant Price. 
 Betingede Aktier 

Da hver Betinget Aktie giver dig ret til at modtage én ordinær aktie i Selskabet på modningstidspunktet uden omkostninger
for dig eller anden betaling fra din side, er der ingen udnyttelseskurs forbundet med de Betingede Aktier. 
  

	5.	 Din retsstilling i forbindelse med fratræden 

Din(e) Tildeling(er) vil i tilfælde af din fratræden blive behandlet i overensstemmelse med Aktieoptionslovens §§ 4 og 5,
medmindre bestemmelserne i Aftalen/Aftalerne og Planen er mere fordelagtige for dig end Aktieoptionslovens §§ 4 og 5. 
 I henhold
til Aktieoptionsloven bortfalder din(e) Tildeling(er) ikke, hvis dit ansættelsesforhold opsiges af din arbejdsgiver, medmindre der er tale om misligholdelse fra din side (som defineret i dansk ret og Aktieoptionsloven) eller bortvisning. Dette
betyder, at din(e) Tildeling(er) fortsat vil kunne modnes i henhold til Aftalen/Aftalerne og Planen, som om du stadig var ansat. Endvidere er du måske berettiget til at modtage yderligere Tildeling(er), som beregnes forholdsmæssigt i
forhold til, hvor længe du er ansat i det regnskabsår, hvori du fratræder, og som du ville have været berettiget til i henhold til aftale eller sædvane, såfremt du stadig havde været ansat ved udgangen af
regnskabsåret (beregningen sker i 

 
overensstemmelse med Aktieoptionslovens § 5). Denne bestemmelse gælder ikke, såfremt opsigelsen skyldes din misligholdelse af ansættelsesforholdet (pligtforsømmelse
eller bortvisning). I så fald bortfalder din(e) Tildeling(er), i det omfang din(e) Tildeling(er) ikke allerede er modnet ved ansættelsesforholdets ophør. Bortfaldelsen sker automatisk uden varsel ved ansættelsesforholdets
ophør. 
 Hvis du fratræder din stilling som følge af væsentlig misligholdelse fra din arbejdsgivers side (som
defineret i dansk ret), eller hvis dit ansættelsesforhold ophører, fordi du når den pensionsalder, der er fastsat for medarbejdere hos din arbejdsgiver, eller fordi du har ret til at modtage alderspension fra den danske stat eller
din arbejdsgiver, bevarer du din(e) Tildeling(er) på uændrede vilkår, som om du stadig var ansat. Endvidere er du måske berettiget til at modtage yderligere Tildeling(er), som beregnes forholdsmæssigt i forhold til,
hvor længe du er ansat i det regnskabsår, hvori du fratræder, og som du ville have været berettiget til i henhold til aftale eller sædvane, såfremt du stadig havde været ansat ved udgangen af
regnskabsåret (beregningen sker i overensstemmelse med Aktieoptionslovens § 5). 
 Hvis du fratræder din stilling af andre
årsager, vil spørgsmålet om fortabelse af din(e) Tildeling(er) blive afgjort i overensstemmelse med vilkårene i Aftalen/Aftalerne. Derudover vil du ikke være berettiget til at modtage yderligere Tildeling(er) efter din
fratræden. 
  

	6.	 Økonomiske aspekter af deltagelse i Planen 

Din(e) Tildeling(er) har ingen umiddelbare økonomiske konsekvenser for dig. Værdien af din(e) Tildeling(er) indgår ikke i
beregningen af feriepenge, pensionsbidrag eller andre lovpligtige, vederlagsafhængige ydelser. Den skattemæssige behandling af din(e) Tildeling(er) afhænger af flere forhold, og du opfordres derfor til at søge
uafhængig rådgivning vedrørende din skattemæssige situation. 
 Aktier er finansielle instrumenter, og investering
i aktier vil altid være forbundet med en økonomisk risiko. Muligheden for en gevinst på det tidspunkt, hvor du modtager aktier, afhænger ikke kun af Selskabets økonomiske udvikling, men også bl.a. af den
generelle udvikling på aktiemarkedet. Derudover kan Selskabets aktier—både før og efter tidspunktet for din modtagelse af aktier—falde til en værdi, der måske endda ligger under kursen for aktierne på
tildelingstidspunktet. 

	7.	 Øvrige oplysninger 

Med undtagelse af pkt. 5 i denne erklæring (vedrørende din retsstilling i forbindelse med fratræden) har denne
erklæring ikke til formål at ændre bestemmelserne i Planen eller Aftalen/Aftalerne (eller i tilhørende dokumenter), og Planen og Aftalen/Aftalerne (og eventuelle tilhørende dokumenter) har forrang i tilfælde af
uoverensstemmelser. Dine lovfæstede rettigheder i henhold til Aktieoptionsloven har dog forrang i tilfælde af uoverensstemmelser. 

*                *       
         *                * 

Vontier Corporation 

 PARTICIPANTS IN THE DOMINICAN REPUBLIC 

There are no country-specific provisions. 
 PARTICIPANTS IN
FRANCE 
 Consent to Receive Information in English 

By accepting the RSUs, the Participant confirms having read and understood the Plan, the Notice of Grant, the Agreement and this Addendum, including all terms
and conditions included therein, which were provided in the English language. The Participant accepts the terms of those documents accordingly. 

Consentement afin de Recevoir des Informations en Anglais 

En acceptant les RSUs d’Achat d’Actions, le Bénéficiaire confirme avoir lu et compris le Plan, la Notification d’Attribution,
le Contrat et la présente Annexe, en ce compris tous les termes et conditions y relatifs, qui ont été fournis en langue anglaise. Le Bénéficiaire accepte les termes de ces documents en connaissance de cause.

 Foreign Asset/Account Reporting Information. 

The Participant may hold any Shares acquired under the Plan, any sales proceeds resulting from the sale of the Shares or any dividends paid on such Shares
outside of France, provided the Participant declares all foreign accounts, whether open, current, or closed, in his or her income tax return. Failure to complete this reporting triggers penalties for the resident. Further, French residents with
foreign account balances exceeding prescribed amounts may have additional monthly reporting requirements. 
 PARTICIPANTS IN GERMANY 

Exchange Control Notice 
 The Participant must report any
cross-border payments in excess of €12,500 must be reported monthly to the German Federal Bank (Bundesbank). In case of payments in connection with securities (including proceeds realized upon the sale of the Shares or the receipt of
dividends), the report must be made by the 5th day of the month following the month in which the payment was received. The form must be filed electronically and the form of report (“Allgemeine Meldeportal Statistik”) can be accessed via
the Bundesbank’s website (www.bundesbank.de) and is available in both German and English. The Participant is responsible for complying with applicable reporting requirements. 

Foreign Asset/Account Reporting Information 
 If the
Participant’s acquisition of Shares under the Plan leads to a so-called qualified participation at any point during the calendar year, the Participant will need to report the acquisition when he or she
files a tax return for the relevant year. A qualified participation is attained if the value of the Shares acquired exceeds €150,000, or in the unlikely event the Participant holds Shares exceeding 10% of the Company’s total common stock.

 PARTICIPANTS IN HONG KONG 
 Form of Settlement

 Notwithstanding any discretion contained in the Plan or anything to the contrary in the Agreement, the RSUs are payable in Shares only. 

Sale Restriction 
 The Shares received at vesting are
accepted as a personal investment. In the event that the RSUs vest and the Shares are issued to the Participant (or the Participant’s heirs) within six months of the Date of Grant, the Participant (or the Participant’s heirs) agrees that
the Shares will not be offered to the public or otherwise disposed of prior to the six-month anniversary of the Date of Grant. 

 Nature of Scheme 

The Company specifically intends that the Plan will not be an occupational retirement scheme for purposes of the Occupational Retirement Schemes Ordinance
(“ORSO”). 
 Securities Law Notice 

WARNING: The contents of this document have not been reviewed by any regulatory authority in Hong Kong. The Participant is advised to exercise caution in
relation to the offer. If the Participant is in any doubt about any of the contents of this document, the Participant should obtain independent professional advice. Neither the grant of the RSUs nor the issuance of the Shares upon vesting of the
RSUs constitutes a public offering of securities under Hong Kong law and is available only to employees of the Company and its Subsidiaries. The Agreement, including this Addendum, the Plan and other incidental communication materials distributed in
connection with the RSUs (i) have not been prepared in accordance with and are not intended to constitute a “prospectus” for a public offering of securities under the applicable securities legislation in Hong Kong and (ii) are
intended only for the personal use of each eligible employee of the Company or its Subsidiaries and may not be distributed to any other person. 

PARTICIPANTS IN HUNGARY 
 There are no country-specific
provisions. 
 PARTICIPANTS IN INDIA 
 Exchange
Control Notice 
 The Participant must repatriate any proceeds from the sale of the Shares and any cash dividends acquired under the Plan to India and
convert the proceeds into local currency within a certain period from the time of receipt (90 days for sale proceeds and 180 days for dividend payments, or within such other period of time as may be required under applicable regulations and to
convert the proceeds into local currency). The Participant will receive a foreign inward remittance certificate (“FIRC”) from the bank where the Participant deposits the foreign currency. The Participant should maintain the FIRC as
evidence of the repatriation of funds in the event the Reserve Bank of India or the Employer requests proof of repatriation. It is the Participant’s responsibility to comply with exchange control laws in India, and neither the Company nor the
Employer will be liable for any fines or penalties resulting from the Participant’s failure to comply with applicable laws. 
 Foreign Asset/Account
Reporting Information 
 The Participant is required to declare his or her foreign bank accounts and any foreign financial assets (including the Shares
held outside India) in the Participant’s annual tax return. It is the Participant’s responsibility to comply with this reporting obligation and the Participant should consult his or her personal advisor in this regard as significant
penalties may apply in the case of non-compliance. 
 PARTICIPANTS IN IRELAND 

There are no country-specific provisions.. 
 PARTICIPANTS IN
ISRAEL 
 Trust Arrangement 
 The Participant
understands and agrees that the RSUs awarded under the Agreement are awarded subject to and in accordance with the terms and conditions of the Plan, the Israeli Sub-Plan (the
“Sub-Plan”), the Trust Agreement (the “Trust Agreement”) between the Company and the Company’s trustee appointed by the Company or its Subsidiary in Israel (the “Trustee”),
or any successor trustee. In the event of any inconsistencies between the Sub-Plan, the Agreement and/or the Plan, the Sub-Plan will govern. 

 Type of Grant 

The RSUs are intended to qualify for favorable tax treatment in Israel as a “102 Capital Gains Track Grant” (as defined in the Sub-Plan) subject to the terms and conditions of “Section 102” (as defined in the Sub-Plan) and the rules promulgated thereunder. Notwithstanding the foregoing,
by accepting the RSUs, the Participant acknowledges that the Company cannot guarantee or represent that the favorable tax treatment under Section 102 will apply to the RSUs. 

By accepting the RSUs, the Participant: (a) acknowledges receipt of and represents that the Participant has read and is familiar with the terms and
provisions of Section 102, the Plan, the Sub-Plan, the Trust Agreement and the Agreement; (b) accepts the RSUs subject to all of the terms and conditions of the Agreement, the Plan, the Sub-Plan, the Trust Agreement and Section 102 and the rules promulgated thereunder; and (c) agrees that the RSUs and/or any Shares issued in connection therewith, will be registered for the benefit of the
Participant in the name of the Trustee as required to qualify under Section 102. 
 The Participant hereby undertakes to release the Trustee from any
liability in respect of any action or decision duly taken and bona fide executed in relation to the Plan, or any RSUs or the Shares granted thereunder. The Participant agrees to execute any and all documents which the Company or the Trustee may
reasonably determine to be necessary in order to comply with Section 102 and the Income Tax Ordinance (New Version) – 1961 (“ITO”). 

Electronic Delivery 
 The following provision supplements
Section 13 of the Agreement: 
 To the extent required pursuant to Israeli tax law and/or by the Trustee, the Participant consents and agrees to
deliver hard-copy written notices and/or actual copies of any notices or confirmations provided by the Participant related to his or her participation in the Plan. 

Data Privacy 
 The following provision supplements
Section 14 of the Agreement: 
 Without derogating from the scope of Section 14 of the Agreement, the Participant hereby explicitly consents to
the transfer of Data between the Company, the Trustee, and/or a designated Plan broker, including any requisite transfer of such Data outside of the Participant’s country and further transfers thereafter as may be required to a broker or other
third party. 
 Securities Law Notice 
 The grant of the
RSUs does not constitute a public offering under the Securities Law, 1968. 
 PARTICIPANTS IN ITALY 

Plan Document Acknowledgement 
 In accepting the RSUs, the
Participant acknowledges that he or she has received a copy of the Plan and the Agreement, has reviewed the Plan and the Agreement (including this Addendum) in their entirety and fully understands and accepts all provisions of the Plan and the
Agreement (including this Addendum). 
 The Participant further acknowledges that he or she has read and specifically and expressly approves, without
limitation, the following sections of the Agreement: Section 7: Tax Obligations; Section 8: Nature of Grant; Section 14: Data Privacy; Section 17: Governing Law and Venue; Section 23: Addendum; Section 24: Imposition of
Other Requirements and Section 25: Recoupment. 

 Foreign Asset/Account Reporting Information 

Italian residents who, at any time during the fiscal year, hold foreign financial assets (including cash and Shares) which may generate income taxable in Italy
are required to report these assets on their annual tax returns (UNICO Form, RW Schedule) for the year during which the assets are held, or on a special form if no tax return is due. These reporting obligations will also apply to Italian residents
who are the beneficial owners of foreign financial assets under Italian money laundering provisions. 
 PARTICIPANTS IN JAPAN 

Foreign Asset/Account Reporting Information 
 The
Participant will be required to report details of any assets held outside Japan as of December 31st to the extent such assets have a total net fair market value exceeding ¥50,000,000. This report is due by March 15 each year. The
Participant should consult with his or her personal tax advisor as to whether the reporting obligation applies to him or her and whether the requirement extends to any outstanding RSUs or the Shares acquired under the Plan. 

PARTICIPANTS IN KOREA 
 Foreign Asset/Account Reporting
Information 
 Korean residents must declare all foreign financial accounts (e.g., non-Korean bank accounts,
brokerage accounts) based in foreign countries that have not entered into an “inter-governmental agreement for automatic exchange of tax information” with Korea to the Korean tax authority and file a report with respect to such accounts if
the value of such accounts exceeds a certain threshold. The Participant should consult with the Participant’s personal tax advisor for additional information about this reporting obligation. 

PARTICIPANTS IN MEXICO 
 Labor Law Acknowledgement

 This provision supplements Section 8 of the Agreement. 

By accepting the RSUs, the Participant acknowledges that he or she understands and agrees that: (i) the RSUs are not related to the salary and other
contractual benefits granted to the Participant by the Employer; and (ii) any modification of the Plan or its termination shall not constitute a change or impairment of the terms and conditions of employment. 

Policy Statement 
 The grant of the RSUs the Company is
making under the Plan is unilateral and discretionary and, therefore, the Company reserves the absolute right to amend it and discontinue it at any time without any liability. 

The Company, with registered offices at 6920 Seaway Blvd Everett, Washington 98203, United States of America, is solely responsible for the administration of
the Plan. Participation in the Plan and the acquisition of the Shares under the Plan does not in any way establish an employment relationship between the Participant and the Company since the Participant is participating in the Plan on a wholly
commercial basis and the Participant’s sole employer is the Subsidiary employing the Participant, as applicable, nor does it establish any rights between the Participant and the Employer. 

Plan Document Acknowledgment 
 By participating in the
Plan, the Participant acknowledges that he or she has received copies of the Plan and the Agreement, has reviewed the Plan and the Agreement in their entirety and fully understands and accept all provisions of the Plan and the Agreement. 

 In addition, by participating in the Plan, the Participant further acknowledges that he or she has read and
specifically and expressly approves the terms and conditions in Section 8 of the Agreement, in which the following is clearly described and established: (i) participation in the Plan does not constitute an acquired right; (ii) the
Plan and participation in the Plan is offered by the Company on a wholly discretionary basis; (iii) participation in the Plan is voluntary; and (iv) the Company and its Subsidiaries are not responsible for any decrease in the value of the
Shares underlying the RSUs. 
 Finally, the Participant hereby declares that he or she does not reserve any action or right to bring any claim against the
Company for any compensation or damages as a result of participation in the Plan and therefore grants a full and broad release to the Employer and the Company and its Subsidiaries with respect to any claim that may arise under the Plan. 

Spanish Translation 
 Reconocimiento de la Ley
Laboral 
 Esta disposición complementa la Sección 8 del Contrato. 

Por medio de la aceptación de la RSU, el Participante acepta que entiende y acuerda que: (i) la RSU no se encuentra relacionada con el salario
ni con otras prestaciones contractuales concedidas al Participante por parte del patrón; y (ii) cualquier modificación del Plan o su terminación no constituye un cambio o desmejora en los términos y condiciones de
empleo. 
 Declaración de Política 

El otrogamiento de RSUs por parte de la Compañía bajo el Plan es unilateral y discrecional y, por lo tanto, la Compañía se
reserva el derecho absoluto de modificar y discontinuar el mismo en cualquier momento, sin ninguna responsabilidad. 
 La Compañía, con
oficinas registradas ubicadas en 6920 Seaway Blvd, Everett, WA, 98203, United States of America, es la única responsable por la administración del Plan. La participación en el Plan y la adquisición de Acciones bajo el
Plan no establecen de forma alguna una relación de trabajo entre el Participante y la Compañía, ya que la participación en el Plan por parte del Participante es completamente comercial y el único patrón que
emplea al Participante es la Subsidiaria, en caso de ser aplicable, así como tampoco establece ningún derecho entre el Participante y el patrón. 

Reconocimiento del Plan de Documentos 
 Al
participar en el Plan, el Participante reconoce que ha recibido copias del Plan y del Contrato, que el Plan y el Contrato han sido revisados en su totalidad y completamente entiende y acepta las disposiciones contenidas en el Plan y en el Contrato.

 Adicionalmente, al participar en el Plan, el Participante también reconoce que ha leído y que aprueba específica y
expresamente los términos y condiciones contenidos en la Sección 8 del Contrato en la cual se encuentra claramente descrito y establecido lo siguiente: (i) la participación en el Plan no constituye un derecho adquirido;
(ii) el Plan y la participación en el mismo es ofrecida por la Compañía de forma enteramente discrecional; (iii) la participación en el Plan es voluntaria; y (iv) la Compañía, así como
sus Subsidiarias no son responsables por cualquier detrimento en el valor de las Acciones en relación con la RSU. 
 Finalmente, por medio de
la presente el Participante declara que no se reserva ninguna acción o derecho para interponer una demanda en contra de la Compañía por compensación, daño o perjuicio alguno como resultado de la
participación en el Plan y en consecuencia, otorga el más amplio finiquito a su patrón, así como a la Compañía, a sus Subsidiarias con respecto a cualquier demanda que pudiera originarse en virtud del Plan.

 PARTICIPANTS IN THE NETHERLANDS 

There are no country-specific terms or conditions. 

PARTICIPANTS IN NEW ZEALAND 
 Securities Law Notice

 In compliance with New Zealand securities laws, the Participant is hereby notified that the following information is available for review in
connection with the offer of RSUs under the Plan: 
 (i) the Agreement, including this Addendum, which together with the Plan sets forth the
terms and conditions of participation in the Plan; 
 (ii) a copy of the Company’s most recent annual return (i.e., Form 10-K) and most recent financial reports; and 
 (iii) a copy of the Plan and a description of the Plan (the
“Description”) (i.e., the Company’s Form S-8 Plan Prospectus under the U.S. Securities Act of 1933, as amended); the Company will provide any attachments or documents incorporated by reference
into the Description upon written request. 
 The Participant may request copies of the documents described above by contacting the Company’s corporate
legal department using the contact details provided on www.[•].com. The documents incorporated by reference into the Description are updated periodically. The Participant understands that should he or she request copies of the documents
incorporated by reference into the Description, the Company will provide the Participant with the most recent documents incorporated by reference. 

Warning Statement 
 The Participant is being offered RSUs,
which, upon vesting in accordance with the terms of the Agreement, will be converted into Shares. The Shares, if issued, give the Participant a stake in the ownership of the Company. The Participant may receive a return if dividends are paid. 

If the Company runs into financial difficulties and is wound up, the Participant will be paid only after all creditors (and holders of preference shares) have
been paid. The Participant may lose some or all of his or her investment. 
 New Zealand law normally requires people who offer financial products to give
information to investors before they invest. This requires those offering financial products to have disclosure information that is important for investors to make an informed decision. 

The usual rules do not apply to this offer because it is made under an employee share purchase scheme. As a result, the Participant may not be given all of
the information usually required. The Participant will also have fewer other legal protections for this investment. 
 Ask questions, read all documents
carefully, and seek independent financial advice before committing to this investment. 
 The Shares are quoted on the New York Stock Exchange. This means
that if the Participant acquires Shares under the Plan, the Participant may be able to sell the Shares on the New York Stock Exchange if there are interested buyers. The Participant may get less than he or she invested. The price will depend on the
demand for the Shares. 

 PARTICIPANTS IN POLAND 

Exchange Control Notification 
 Polish residents holding
foreign securities (e.g., Shares) and/or maintaining accounts abroad are obligated to file quarterly reports with the National Bank of Poland incorporating information on transactions and balances of the securities and cash deposited in such
accounts if the value of such securities and cash (when combined with all other assets possessed abroad) exceeds PLN 7 million. 
 Polish residents are
also required to transfer funds through a bank account in Poland if the transferred amount in any single transaction exceeds a specified threshold (currently €15,000). Polish residents are required to store documents connected with foreign
exchange transactions for a period of five years from the date the exchange transaction was made. 
 PARTICIPANTS IN ROMANIA 

Exchange Control Notification 
 Any transfer of funds
exceeding €15,000 (whether made through a single transfer or a series of transfers) must be reported to the National Office for Prevention and Control of Money Laundering on specific forms by the relevant bank of financial institution. If the
Participant deposits proceeds from the sale of the Shares in a bank account in Romania, the Participant may have to provide the Romanian bank through which the operations are effected with the appropriate documenting regarding receipt of the funds.
The Participant should consult with his or her personal legal advisor to determine whether he or she will be required to submit such documentation to the Romanian bank. 

PARTICIPANTS IN RUSSIA 
 Securities Law Notice 

The Participant acknowledges that the Agreement, the grant of the RSUs, the Plan and all other materials the Participant may receive regarding participation in
the Plan do not constitute advertising or an offering of securities in Russia. The Shares to be issued under the Plan have not and will not be registered in Russia, nor will they be admitted for listing on any Russian exchange for trading within
Russia. Thus, the Shares described in any Plan documents may not be offered or placed in public circulation in Russia. In no event will Shares to be issued under the Plan be delivered to the Participant in Russia. All Shares acquired under the Plan
will be maintained on behalf of the Participant outside of Russia. The Participant will not be permitted to sell or otherwise transfer Shares directly to a Russian legal entity or resident. 

Exchange Control Notification 
 The Participant is
responsible for complying with any applicable Russian exchange control regulations and rulings. Because Russian exchange control regulations and rulings change frequently and without notice, the Participant should consult with a legal advisor to
ensure compliance applicable to any aspect of his or her participation in the Plan, including the grant and vesting of the RSUs, issuance of any Shares at vesting, receipt of any proceeds from the sale of Shares and/or receipt of any cash dividends
or dividend equivalents. 
 Labor Law Acknowledgment 

The Participant understands that if the Participant continues to hold the Shares under the Plan after an involuntary termination of employment, the Participant
will be ineligible to receive unemployment benefits in Russia. 
 Foreign Asset/Account Reporting Information 

The Participant is required to report the opening, closing or change of details of any foreign bank account to Russian tax authorities
within one month of opening, closing or change of details of such account. The Participant is also required to report (i) the beginning and ending balances in such a foreign bank account

 
each year, and (ii) transactions related to such a foreign account during the year to the Russian tax authorities, on or before June 1 of the following year. The tax authorities
may require supporting documents related to transactions in such foreign bank accounts. The Participant should consult his or her personal tax advisor to determine and ensure compliance with his or her foreign asset/account reporting
obligations.  
 Anti-Corruption Information 

Anti-corruption laws prohibit certain public servants, their spouses and their dependent children from owning any foreign source financial instruments
(e.g., the Shares of foreign companies such as the Company). Accordingly, the Participant should inform the Company if he or she is covered by these laws because the Participant should not hold the Shares acquired under the Plan. 

Data Privacy. This data privacy consent replaces Section 14 of the Agreement: 

 

					
	1. Purposes for processing of the Personal Data	  	 

	1.1.	  	Granting to the Participant restricted share units or rights to purchase shares of common stock.
	1.2.	  	Compliance with the effective Russian Federation laws;
	2. The Participant hereby grants consent to processing of the personal data listed below
	2.1.	  	Last name, first name, patronymic, year, month, date and place of birth, gender, age, address, citizenship, information on education, contact details (home address(es), direct office, home and mobile telephone numbers, e-mail address, etc.), photographs;
	2.2.	  	Information contained in personal identification documents (including passport details), tax identification number and number of the State Pension Insurance Certificate, including photocopies of passports, visas, work permits,
drivers licenses, other personal documents;
	2.3.	  	Information on employment, including the list of duties, information on the current and former employers, information on promotions, disciplinary sanctions, transfer to other position / work,
etc.;

					
			 
	2.4.	  	Information on the Participant’s salary amount, information on salary changes, on participation in employer benefit plans and programs, on bonuses paid, etc.;	  	 

	2.5.	  	Information on work time, including hours scheduled for work per week and hours actually worked;
	2.6.	  	Information on potential membership of certain categories of employees having rights for guarantees and benefits in accordance with the Russian Federation Labor Code and other effective legislation;
	2.7.	  	Information on the Participant’s tax status (exempt, tax resident status, etc.);
	2.8.	  	Information on shares of Common Stock or directorships held by the Participant, details of all awards or any other entitlement to shares of Common Stock awarded, cancelled, exercised, vested, unvested or outstanding;
	2.9.	  	Any other information, which may become necessary to the Company in connection with the purposes specified in Clause 3 above.
	 the “Personal
Data”

					
		 
	3.1. The Participant hereby consents to performing the following operations with the Personal Data:	  	 

	3.1.1.	  	processing of the Personal Data, including collection, systematization, accumulation, storage, verification (renewal, modification), use, dissemination (including transfer), impersonalizing, blockage, destruction;
	3.1.2.	  	transborder transfer of the Personal Data to Ð3⁄4perators located on the territory of foreign states. The Participant hereby confirms that he was notified of the fact that the recipients of the Personal Data may be located
in foreign states that do not ensure adequate protection of rights of personal data subjects;
	3.1.3.	  	including Personal Data into generally accessible sources of personal data (including directories, address books and other), placing Personal Data on the Company’s web-sites on the
Internet.
	3.2.General description of the data processing methods used by the Company
	3.2.1. When processing the Personal Data, the Company undertakes the necessary organizational and technical measures for protecting the Personal Data from unlawful or accidental access to them, from
destruction, change, blockage, copying, dissemination of Personal Data, as well as from other unlawful actions. 
	3.2.2. Processing of the Personal Data by the Company shall be performed using the data processing methods that ensure confidentiality of the Personal Data, except where: (1) Personal Data is impersonalized;
and (2) in relation to publicly available Personal Data; and in compliance with the established requirements to ensuring the security of personal data, the requirements to the tangible media of biometric personal data and to the technologies
for storage of such data outside personal data information systems in accordance with the effective legislation.

					
	4. Term, revocation procedure	  	 

	This Statement of Consent is valid for an indefinite term. The Participant may revoke this consent by sending to Company a written notice at least ninety (90) days in advance
of the proposed consent revocation date. The Participant agrees that during the specified notice period the Company is not obliged to cease processing of Personal Data or destroy the Personal Data of the Participant.

 PARTICIPANTS IN SAINT KITTS AND NEVIS 

There are no country-specific provisions. 
 PARTICIPANTS IN
SINGAPORE 
 Securities Law Notice 
 The grant of the
RSUs is being made pursuant to the “Qualifying Person” exemption” under section 273(1)(f) of the Securities and Futures Act (Chapter 289, 2006 Ed.) (“SFA”) and is not made to the Participant with a view to the Shares being
subsequently offered for sale to any other party. The Plan has not been lodged or registered as a prospectus with the Monetary Authority of Singapore. The Participant should note that the RSUs are subject to section 257 of the SFA and the
Participant should not make (i) any subsequent sale of the Shares in Singapore or (ii) any offer of such subsequent sale of the Shares subject to the RSUs in Singapore, unless such sale or offer is made after six (6) months of the
grant of the RSUs or pursuant to the exemptions under Part XIII Division 1 Subdivision (4) (other than section 280) of the SFA. The Company’s Common Stock is traded on the New York Stock Exchange, which is located outside of Singapore, under
the ticker symbol “VNT” and the Shares acquired under the Plan may be sold through this exchange. 
 Chief Executive Officer and Director
Notification Requirement 
 If the Participant is the Chief Executive Officer (the “CEO”), or a director (including an alternate, substitute,
or shadow director1) of a Singapore Subsidiary of the Company, the Participant is subject to certain notification requirements under the Singapore Companies Act. Among these requirements is an
obligation to notify the Singapore Subsidiary in writing when the Participant receives an interest (e.g., RSUs, the Shares, etc.) in the Company or any related company. In addition, the Participant must notify the Singapore Subsidiary
when the Participant sells Shares of the Company or any related company (including when the Participant sells Shares acquired under the Plan). These notifications must be made within two (2) business days of (i) its acquisition or
disposal, (ii) any change in a previously-disclosed interest (e.g., upon vesting of the RSUs or when Shares acquired under the Plan are subsequently sold), or (iii) becoming the CEO or a director. 

 

	1 	 A shadow director is an individual who is not on the board of directors of the Singapore Affiliate but who has
sufficient control so that the board of directors of the Singapore Affiliate acts in accordance with the directions and instructions of the individual. 

 PARTICIPANTS IN SLOVAK REPUBLIC 

There are no country-specific provisions. 
 PARTICIPANTS IN
SOUTH AFRICA 
 Tax Obligations 
 This provision
supplements Section 7 of the Agreement: 
 By accepting the RSUs, the Participant agrees to immediately notify the Employer of the amount of any gain
realized upon vesting of the RSUs. If the Participant fails to advise the Employer of the gain realized at vesting, the Participant may be liable for a fine. The Participant will be responsible for paying any difference between the actual tax
liability and the amount of tax withheld by the Company or Employer. 
 Exchange Control Notice 

Because no transfer of funds from South Africa is required under the RSUs, no filing or reporting requirements should apply when the RSUs are granted or when
the Shares are issued upon vesting and settlement of the RSUs. However, because exchange control regulations are subject to change, the Participant should consult with his or her personal advisor to ensure compliance with current regulations. The
Participant responsible for ensuring compliance with all exchange control laws in South Africa. 
 PARTICIPANTS IN SPAIN 

Nature of Grant 
 This provision supplements Section 8
of the Agreement: 
 In accepting the grant of the RSUs, the Participant acknowledges that he or she consents to participation in the Plan and has received
a copy of the Plan. 
 The Participant understands that the Company, has unilaterally, gratuitously, and discretionally decided to grant RSUs under the Plan
to individuals who may be employees of the Company or its Subsidiaries throughout the world. The decision is a limited decision that is entered into upon the express assumption and condition that any RSUs will not economically or otherwise bind the
Company or any of its Subsidiaries on an ongoing basis. Consequently, the Participant understands that the RSUs are granted on the assumption and condition that such RSUs and any Shares acquired upon vesting of the RSUs shall not become a part of
any employment contract (either with the Company or any of its Subsidiaries) and shall not be considered a mandatory benefit or salary for any purposes (including severance compensation) or any other right whatsoever. In addition, the Participant
understands that the RSUs would not be granted but for the assumptions and conditions referred to above; thus, the Participant acknowledges and freely accepts that should any or all of the assumptions be mistaken or should any of the conditions not
be met for any reason, then any grant of the RSUs shall be null and void. 
 As a condition of the grant of the RSUs, unless otherwise expressly provided
for by the Company or set forth in the Agreement, the Participant’s termination of employment for any reason (including for the reasons listed below) will automatically result in the forfeiture and loss of the Shares that are subject to that
portion of the RSUs that may have been granted to the Participant and that were not vested on the date of termination. In particular, and without limitation to the provisions of the Plan and the Agreement, the Participant understands and agrees that
any unvested portion of the RSUs as of the date the Participant’s active employment ends will be cancelled without entitlement to the underlying Shares or to any amount as indemnification if the Participant terminates employment by reason of,
including, but not limited to: death, disability, resignation, retirement, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or recognized to be without cause (i.e., subject to a “despido
improcedente”), material modification of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, Article 50 of the Workers’ Statute, or under Article 10.3 of Royal
Decree 1382/1985. The Committee, in its sole discretion, shall determine the date when the Participant’s employment has terminated for purposes of the RSUs. 

 Exchange Control Notice 

The Participant must declare the acquisition, ownership and disposition of the Shares to the Dirección General de Comercio e Inversiones (the
“DGCI”), the Bureau for Commerce and Investments, which is a department of the of the Ministry of Economy and Competititveness, for statistical purposes. Generally, the declaration must be filed in January for the Shares acquired or
sold during (or owned as of December 31 of the prior year; however, if the value of the Shares acquired under the Plan or the amount of the sale exceeds €1,502,530, the declaration must be filed within one month of the acquisition or sale,
as applicable. 
 In addition, the Participant may be required to electronically declare to the Bank of Spain any foreign accounts (including brokerage
accounts held abroad), any foreign instruments (including the Shares acquired under the Plan), and any transactions with non-Spanish residents, depending on the balances in such accounts together with the
value of such instruments as of December 31 of the relevant year, or the volume of transactions with non-Spanish residents during the relevant year. 

Securities Law Notice 
 No “offer of securities to
the public,” as defined under Spanish law, has taken place or will take place in the Spanish territory in connection with the RSUs. The Plan, the Agreement (including this Addendum) and any other documents evidencing the grant of the RSUs have
not, nor will they be, registered with the Comisión Nacional del Mercado de Valores, and none of those documents constitutes a public offering prospectus. 

Foreign Asset/Account Reporting Information 
 To the
extent the Participant holds rights or assets (e.g., cash or the Shares held in a bank or brokerage account) outside of Spain with a value in excess of €50,000 per type of right or asset as of December 31 each year (or at any time during
the year in which the Participant sells or disposes of such right or asset), the Participant is required to report information on such rights and assets on his or her tax return for such year. After such rights or assets are initially reported, the
reporting obligation will only apply for subsequent years if the value of any previously-reported rights or assets increases by more than €20,000. The reporting must be completed by the following March 31. Failure to comply with this
reporting requirement may result in penalties to the Spanish residents. 
 In addition, the Participant may be required to electronically declare to the
Bank of Spain any foreign accounts (including brokerage accounts held abroad), any foreign instruments (including Shares acquired under the Plan), and any transactions with non-Spanish residents (including any
payments of Shares made pursuant to the Plan), depending on the balances in such accounts together with the value of such instruments as of December 31 of the relevant year, or the volume of transactions with
non-Spanish residents during the relevant year. 
 Spanish residents should consult with their personal tax and
legal advisors to ensure compliance with their personal reporting obligations. 
 PARTICIPANTS IN SWEDEN 

There are no country-specific provisions. 

 PARTICIPANTS IN SWITZERLAND 

Securities Law Notice 
 The grant of the RSUs is
considered a private offering in Switzerland and is therefore not subject to securities registration in Switzerland. Neither this document nor any other materials relating to the RSUs, (i) constitute a prospectus as such term is understood
pursuant to the Swiss Code of Obligations, (ii) may be publicly distributed nor otherwise made publicly available in Switzerland, or (iii) has been or will be filed with, approved or supervised by any Swiss regulatory
authority (in particular, the Swiss Financial Market Supervisory Authority (“FINMA”)). 
 PARTICIPANTS IN TAIWAN 

Securities Law Notice 
 The offer of participation in the
Plan is available only for employees of the Company and its Subsidiaries. The offer of participation in the Plan is not a public offer of securities by a Taiwanese company. 

Exchange Control Notice 
 If the Participant is a resident
of Taiwan, he or she may acquire foreign currency and remit the same out of or into Taiwan up to US$5,000,000 per year without justification. If the transaction amount is TWD$500,000 or more in a single transaction, the Participant must submit a
Foreign Exchange Transaction Form. If the transaction amount is US$500,000 or more in a single transaction, the Participant also must provide supporting documentation to the satisfaction of the remitting bank.     

PARTICIPANTS IN TURKEY 
 Securities Law Notice 

The RSUs are made available only to employees of the Company, and the offer of participation in the Plan is a private offering. The Participant is not
permitted to publicly offer any shares acquired under the Plan in Turkey unless such public offering is approved by the Turkish Capital Markets Board in accordance with Turkish laws. The Shares are currently traded on the New York Stock Exchange,
under the ticker symbol “VNT” and the Shares may be sold through this exchange. 
 Exchange Control Notice 

In certain circumstances, Turkish residents are permitted to sell the Shares traded on a non-Turkish stock exchange
only through a financial intermediary licensed in Turkey. Therefore, Turkish residents may be required to appoint a Turkish broker to assist with the sale of the Shares acquired under the Plan. The Participant should consult his or her personal
legal advisor before selling any Shares acquired under the Plan to confirm the applicability of this requirement. 
 PARTICIPANTS IN UNITED ARAB EMIRATES

 Securities Law Notice 
 The Agreement, the Plan,
and other incidental communication materials related to the RSUs are intended for distribution only to employees of the Company and its Subsidiaries for the purposes of an incentive scheme. 

The Emirates Securities and Commodities Authority and Central Bank have no responsibility for reviewing or verifying any documents in connection with this
statement. Neither the Ministry of Economy nor the Dubai Department of Economic Development have approved this statement nor taken steps to verify the information set out in it, and have no responsibility for it. The securities to which this
statement relates may be illiquid and/or subject to restrictions on their resale. Prospective purchasers of the securities offered should conduct their own due diligence on the securities. 

 If the Participant has any questions regarding the context of the Agreement, including the Addendum, or the
Plan, the Participant should obtain independent professional advice. 
 PARTICIPANTS IN THE UNITED KINGDOM 

Tax Obligations 
 This provision supplements Section 7
of the Agreement: 
 Without limitation to Section 7 of the Agreement, the Participant hereby agrees that the Participant is liable for all Tax Related
Items and hereby covenants to pay all such Tax Related Items, as and when requested by the Company, or the Employer, or by Her Majesty’s Revenue & Customs (“HRMC”) (or any other tax authority or any other relevant
authority). The Participant also hereby agrees to indemnify and keep indemnified the Company and, if different, the Employer, against any Tax Related Items that they are required to pay or withhold or have paid or will pay to HMRC (or any other
tax authority or any other relevant authority) on the Participant’s behalf. 
 Notwithstanding the foregoing, if the Participant is a director or
executive officer of the Company (within the meaning of Section 13(k) of the Exchange Act), the Participant may not be able to indemnify the Company or the Employer for the amount of any income tax not collected from or paid by the Participant,
as it may be considered a loan. In this case, the amount of any uncollected amounts may constitute a benefit to the Participant on which additional income tax and National Insurance Contributions may be payable. The Participant will be responsible
for reporting and paying any income tax due on this additional benefit directly to HMRC under the self-assessment regime and for paying the Company or the Employer for the value of any National Insurance Contributions due on this additional benefit,
which the Company or the Employer may recover by any of the means referred to in Section 7 of the Agreement.

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