Document:

EX-10.4

 Exhibit 10.4 

NVENT MANAGEMENT COMPANY 

NON-QUALIFIED DEFERRED COMPENSATION PLAN 

Effective as of April 30, 2018 

 TABLE OF CONTENTS 

 

							
	
ARTICLE I HISTORY, PURPOSE AND EFFECTIVE DATE OF PLAN
	  	 	1	 
		
	 ARTICLE II DEFINITIONS AND CONSTRUCTION
	  	 	2	 
	 Section 2.1.
	 	 Definitions
	  	 	2	 
	 Section 2.2.
	 	 Eligibility to Participate
	  	 	7	 
	 Section 2.3.
	 	 Purpose
	  	 	7	 
	 Section 2.4.
	 	 Construction
	  	 	8	 
		
	 ARTICLE III PARTICIPANT DEFERRALS
	  	 	9	 
	 Section 3.1.
	 	 Election to Participate
	  	 	9	 
	 Section 3.2.
	 	 Amount of Participant’s Deferrals
	  	 	10	 
	 Section 3.3.
	 	 Payment of Deposits to Trustee
	  	 	11	 
		
	 ARTICLE IV EMPLOYER CONTRIBUTIONS
	  	 	12	 
	 Section 4.1.
	 	 Employer Discretionary Contribution
	  	 	12	 
	 Section 4.2.
	 	 Employer Matching Contribution
	  	 	12	 
	 Section 4.3.
	 	 Limit on Compensation for Purposes of Employer Contributions
	  	 	13	 
	 Section 4.4.
	 	 Payment of Deposits to Trustee
	  	 	13	 
		
	 ARTICLE V TRUSTEE AND TRUST AGREEMENT
	  	 	14	 
	 Section 5.1.
	 	 Appointment
	  	 	14	 
	 Section 5.2.
	 	 Fees and Expenses
	  	 	14	 
	 Section 5.3.
	 	 Use of Trust
	  	 	14	 
	 Section 5.4.
	 	 Responsibility and Authority for Fund Management
	  	 	14	 
	 Section 5.5.
	 	 Trust Assets
	  	 	15	 
		
	 ARTICLE VI INVESTMENT; PARTICIPANT’S ACCOUNTS
	  	 	16	 
	 Section 6.1.
	 	 Allocation and Reallocation of Before-Tax Deposits and
Employer Contributions
	  	 	16	 
	 Section 6.2.
	 	 Allocation of Deferred Equity Awards
	  	 	16	 
	 Section 6.3.
	 	 Investment of Deposits and Employer Contributions
	  	 	17	 
	 Section 6.4.
	 	 Participant’s Accounts
	  	 	18	 
	 Section 6.5.
	 	 Beneficiaries
	  	 	18	 
		
	 ARTICLE VII PAYMENT OF ACCOUNTS
	  	 	19	 
	 Section 7.1.
	 	 Time and Form of Payments
	  	 	19	 
	 Section 7.2.
	 	 Distribution Due to Death
	  	 	20	 
	 Section 7.3.
	 	 Payment of Allocations Made After Benefits Have Commenced
	  	 	20	 
	 Section 7.4.
	 	 Later Payment Deferral Elections
	  	 	21	 
	 Section 7.5.
	 	 Miscellaneous
	  	 	21	 
		
	 ARTICLE VIII EMERGENCY WITHDRAWALS
	  	 	22	 
	 Section 8.1.
	 	 Restricted Withdrawals
	  	 	22	 

  
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	 ARTICLE IX PLAN ADMINISTRATION
	  	 	23	 
	 Section 9.1.
	 	Committee	  	 	23	 
	 Section 9.2.
	 	Organization and Procedure	  	 	24	 
	 Section 9.3.
	 	Delegation of Authority and Responsibility	  	 	24	 
	 Section 9.4.
	 	Use of Professional Services	  	 	24	 
	 Section 9.5.
	 	Fees and Expenses	  	 	24	 
	 Section 9.6.
	 	Communications	  	 	24	 
	 Section 9.7.
	 	Claims	  	 	25	 
		
	 ARTICLE X PLAN AMENDMENTS, PLAN TERMINATION, AND MISCELLANEOUS
	  	 	26	 
	 Section 10.1.
	 	Amendments and Termination	  	 	26	 
	 Section 10.2.
	 	Non-Guarantee of Employment	  	 	27	 
	 Section 10.3.
	 	Rights to Trust Asset	  	 	27	 
	 Section 10.4.
	 	Suspension of Rules	  	 	27	 
	 Section 10.5.
	 	Requirement of Proof	  	 	28	 
	 Section 10.6.
	 	Indemnification	  	 	28	 
	 Section 10.7.
	 	Non-Alienation and Taxes	  	 	28	 
	 Section 10.8.
	 	Not Compensation Under Other Benefit Plans	  	 	29	 
	 Section 10.9.
	 	Savings Clause	  	 	29	 
	 Section 10.10.
	 	Facility of Payment	  	 	30	 
	 Section 10.11.
	 	Requirement of Releases	  	 	30	 
	 Section 10.12.
	 	Board Action	  	 	30	 
	 Section 10.13.
	 	Computational Errors	  	 	30	 
	 Section 10.14.
	 	Unclaimed Benefits	  	 	30	 
	 Section 10.15.
	 	Communications	  	 	30	 
		
	 ARTICLE XI TRANSITIONAL RULES
	  	 	31	 
	 Section 11.1.
	 	Amounts Deferred Under Prior Plan Before 2005	  	 	31	 

  
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 NVENT MANAGEMENT COMPANY 

NON-QUALIFIED DEFERRED COMPENSATION PLAN 

ARTICLE I 
 HISTORY,
PURPOSE AND EFFECTIVE DATE OF PLAN 
 Effective January 1, 1993, Pentair, Inc. established a
non-qualified deferred compensation plan for the benefit of certain management and highly compensated employees of Pentair and various companies in the Pentair controlled group, called the Pentair, Inc. Non-Qualified Deferred Compensation Plan (the “Prior Plan”). Effective April 30 2018, nVent Electric plc spun-off from Pentair plc, and in connection therewith
its subsidiary, nVent Management Company, established this nVent Management Company Non-Qualified Deferred Compensation Plan for the purpose of (1) assuming the liabilities of the Prior Plan with respect
to those participants in the Prior Plan who became employed with the Company or one of its affiliates, including the liability to pay amounts deferred prior to January 1, 2005, which are governed by terms of Appendix A hereto, and (2) to
permit eligible participants to defer the receipt of base and bonus compensation and to provide for the replacement of benefits unavailable to certain participants under the RSIP due to certain limitations imposed by the Internal Revenue Code of
1986, as amended. 
 The Plan is for the benefit of a select group of management and highly compensated employees. Benefits under the Plan
are unfunded and unsecured general obligations of the Company and its participating affiliates. Plan participants have the status of unsecured general creditors of their employing company. Any assets acquired or set aside for purposes of providing
or measuring, or both, this deferred compensation may be held in a grantor trust as the property of the participant’s employing company and subject to the claims of its general creditors. To the extent any assets are held in a grantor trust,
the terms and provisions of the trust document will control in all cases where it is in conflict with the Plan. 

 ARTICLE II 

DEFINITIONS AND CONSTRUCTION 

Section 2.1.    Definitions. Unless the context clearly or necessarily indicates the contrary, when
capitalized the following words and phrases shall have the meanings shown when used in this Article or other parts of the Plan. 

(1)    “Accounts” are the accounts under the Plan to be maintained for each Participant or the
Beneficiary of a deceased former Participant. On the Effective Date, the opening Account balance of each Participant shall be his or her Account balance under the Prior Plan as of immediately prior to the Effective Date. 

(2)    “Administrator” is the person assigned by the Company or Committee to handle the day-to-day administration of the Plan. 

(3)    “Base Compensation” includes the items of remuneration paid to or on behalf of a Participant for
services rendered to a Participating Employer as an Employee, as listed or described in the left-hand column of Schedule 1, but not including any such items listed or described in the right-hand column of Schedule 1. If a remuneration item is not
listed or described in Schedule 1, the Committee shall determine whether such item is included or excluded from Base Compensation by taking into account the nature of the item and its similarity to an item which is so listed. 

(4)    “Before-tax Deposits” are compensation deferrals of Base
Compensation and/or Bonus Compensation made under the Plan at the election of a Participant pursuant to Article III. 

(5)    “Beneficiary” is the individual, trust or other entity designated as such in writing by a
Participant in accordance with applicable Plan provisions, or such person as otherwise determined under the Plan, to receive benefits accumulated hereunder in the event of the Participant’s death. If a Participant is married at the time of
death, the sole Beneficiary shall be the Participant’s Spouse at such time unless the Spouse has otherwise waived or released the right to be named as a beneficiary hereunder, or to be considered as the Participant’s surviving Spouse for
such purposes (e.g., an enforceable prenuptial agreement), as determined in the discretion of the Committee, or the Spouse has consented in writing to the designation of a different Beneficiary and such consent is witnessed by an authorized Plan
representative or a notary public. 
 (6)    “Bonus Compensation” is compensation awarded to a
Participant pursuant to one of the plans listed on Schedule 2. Compensation awarded to a Participant under any other incentive plan shall not be treated as Bonus Compensation. 

(7)     “Change in Control” or “CIC” is any one of the following: 

 

	 	(i)	When a person, or more than one person acting as a group, acquires more than fifty percent (50%) of the total fair market value or total voting power of the Parent’s ordinary shares; 

  
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	 	(ii)	When a person, or more than one person acting as a group, acquires within a twelve (12) month consecutive period, ending with the date of the most recent stock acquisition, ordinary shares of the Parent, in either
case possessing at least thirty percent (30%) of the total voting power of such common shares or ordinary shares, as applicable; 

  

	 	(iii)	When a majority of the members of the board of directors of the Parent is replaced within a twelve (12) month period by directors whose appointment or election is not endorsed by a majority of the members of such
board as constituted before such appointment or election; or 

  

	 	(iv)	When a person, or more than one person acting as a group, acquires within a twelve (12) month consecutive period assets from the Parent or an entity controlled by the Parent that, in either case, have a total gross
fair market value equal to seventy-five percent (75%) of the total fair market value of the assets of the Parent and all such entities, as applicable. 

Once a person or group acquires shares meeting the thresholds set forth in paragraphs (i) and (ii) immediately preceding, additional
acquisitions of such shares by that person or group shall be ignored in determining whether another CIC has occurred. Asset transfers between or among controlled entities as determined before such transfers shall not be considered in applying
paragraph (iv) immediately preceding. This provision shall be interpreted and administered in a manner consistent with the definition of a “change of control” under Code section 409A. 

(8)    “Code” is the Internal Revenue Code of 1986, as amended and in effect from time to time. Any
reference to a specific provision of the Code shall be deemed to refer to successor provisions thereto and the regulations promulgated thereunder. 

(9)    “Committee” is the Committee described in Article IX. 

(10)    “Company” is nVent Management Company or any successor thereto. 

(11)    “Disabled” or “Disability” is a physical or mental condition, resulting from
physical or mental sickness or injury, which prevents the individual while an Employee from engaging in any substantial gainful activity, and which condition can be expected to last for a continuous period of not less than twelve (12) months.
For purposes of applying Section 3.2(c), however, the immediately preceding sentence shall be applied by substituting “six (6) months” for “twelve (12) months.” 

(12)    “Effective Date” is April 30, 2018. 

(13)    “Employee” is an individual who is (i) employed by a Participating Employer, (ii) a
highly compensated or key management employee of a Participating Employer as determined by the Committee, (iii) in an employment position or salary grade classified by the Company or Committee as eligible to participate in the Plan, and
(iv) eligible to participate in the RSIP. In the event an individual satisfies the foregoing requirements except he or she is not 

  
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eligible to participate in the RSIP (e.g., an individual within an employee group to which the RSIP has not been extended), such individual may, in the discretion of the Committee, be considered
an Employee solely for purposes of allowing such individual to elect Before-tax Deposits and not for purposes of being eligible for Employer Contributions. 

(14)    “Employer” is the Company and, except as prescribed by the Committee, each other corporation or
unincorporated business which is a member of a controlled group of corporations or a group of trades or businesses under common control (within the meaning of Code section 414(b) or (c)) which includes the Company, but with respect to other business
entities during only the periods of such common control with the Company. 
 (15)    “Employer
Contributions” are amounts contributed under the Plan by Participating Employers pursuant to Article IV, and includes Employer Discretionary Contributions described in Section 4.1 and Employer Matching Contributions
described in Section 4.2. 
 (16)    “Equity Awards” are share-related awards granted under the
Omnibus Incentive Plan that are designated as eligible to be deferred under this Plan in the award letter or other document evidencing such award. This term also includes equity awards granted prior to the Effective Date under the Pentair plc 2012
Stock and Incentive Plan for which a Participant had in effect a deferral election prior to the Effective Date under the Prior Plan. 

(17)    “ERISA” is the Employee Retirement Income Security Act of 1974, as amended. Any reference to a
specific provision of the Code shall be deemed to refer to successor provisions thereto and the regulations promulgated thereunder. 

(18)    “Fair Market Value” has the meaning ascribed in the Omnibus Incentive Plan. 

(19)    “Investment Fund” is a deemed investment made available by the Committee and selected (or deemed
selected) by a Participant for purposes of crediting investment earnings and losses to a Participant’s Account. 

(20)    “Omnibus Incentive Plan” is the nVent Electric plc 2018 Stock and Incentive Plan, as it may be
amended from time to time, or any successor thereto. 
 (21)    “Parent” is nVent Electric plc, an
Irish company, or any successor thereto. 
 (22)    “Participant” is an individual who has validly
elected to participate hereunder and who has elected Before-tax Deposits, deferrals of Equity Awards or is entitled to receive Employer Contributions. An individual who (i) made a deferral election under
the Prior Plan affecting Base Compensation, Bonus Compensation or Equity Awards, which election is in effect as of immediately prior to the Effective Date, or who has an opening Account balance hereunder on the Effective Date and (ii) is
employed on the Effective Date by the Company or any Affiliate, shall automatically become a Participant hereunder on the Effective Date. An individual who has become a Participant shall continue as a Participant until the earlier of his or her
death and the date the balance in his or her Account has been paid. 

  
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 (23)    “Participating Employer” is the Company and each
other Employer, except as otherwise prescribed by the Committee or the terms of any purchase agreement entered into with respect to the Company’s or an affiliate’s acquisition of such Employer. 

(24)    “Pentair Share” is an ordinary share of Pentair plc, nominal value $0.01. 

(25)    “Pentair Share Unit” is a unit that has a value equal to one Pentair Share. 

(26)    “Pentair Share Unit Fund” is the Investment Fund described in Section 6.2(b), which is
deemed invested in Pentair Shares. The Pentair Share Unit Fund shall be used solely as a means to track deferrals of Equity Awards that relate to Pentair Shares. 

(27)    “Performance-Based Compensation” is Bonus Compensation or Equity Awards the amount of which, or
the entitlement to which, is contingent on the satisfaction of preestablished organizational or individual performance criteria relating to a performance period of at least twelve (12) months. Goals are considered preestablished if established
in writing no later than ninety (90) days after the commencement of the performance period. Performance-Based Compensation does not include any amount or payment that will be paid either regardless of performance, or based upon a level of
performance that is substantially certain to be met at the time the criteria is established. Notwithstanding the foregoing, Bonus Compensation or Equity Awards will be considered Performance-Based Compensation if the compensation will be paid
regardless of satisfaction of the performance goals in the event of the Participant’s death, Disability or a CIC, provided that payment under such circumstances without regard to the satisfaction of the performance criteria will not constitute
Performance-Based Compensation. 
 (28)    “Plan Year” is the calendar year. 

(29)    “Pre-Deferral Compensation” is the combined amount of
Base and Bonus Compensation which would have been paid in a Plan Year but for a Before-tax Deposit election hereunder or a before-tax deposit election under the RSIP, or
both. 
 (30)    “Prior Plan” is the Pentair, Inc.
Non-Qualified Deferred Compensation Plan as in effect immediately prior to the Effective Date. 

(31)    “Retirement” is an individual’s Separation from Service on or after the attainment of age
fifty-five (55) and the completion of at least ten (10) years of service with one or more Employers. Service with Pentair plc and its affiliates prior to the Effective Date shall be treated as service hereunder. 

(32)    “RSIP” is (i) through December 31, 2018, the Pentair, Inc. Retirement Savings and Stock
Incentive Plan, as amended from time to time, and (ii) thereafter, the Retirement Savings and Stock Incentive Plan established by the Employer, as amended from time to time, or any successor plan thereto. 

(33)    “Separation from Service” is the termination of employment as an employee, from all business
entities that comprise the Employer, for reasons other than death or Disability. A Participant will be deemed to have incurred a Separation from Service when the level of bona fide services performed by the Participant for the Employer permanently
decreases 

  
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to a level equal to twenty percent (20%) or less of the average level of services performed by the Participant for the Employer during the immediately preceding
thirty-six (36) month period (or such lesser period of service). Notwithstanding the foregoing, a Participant on a bona fide leave of absence from an Employer shall be considered to have incurred a
Separation from Service no later than the six (6) month anniversary of the absence (or twenty-nine (29) months in the event of an absence due to a Disability described in the last sentence of Section 2.1(11)) or the end of such longer
period during which the individual has the right by law or agreement to return to employment upon the expiration of the leave. Notwithstanding the foregoing, if following the Participant’s termination of employment from the Employer the
Participant becomes a non-employee director or becomes or remains a consultant to the Employer, then the date of the Participant’s Separation from Service may be delayed until the Participant ceases to
provide services in such capacity to the extent required by Code section 409A. 
 (34)    “Share” is an
ordinary share of the Parent, nominal value $0.01. No Shares have been authorized for issuance under this Plan. All Shares payable under this Plan are issued from the Omnibus Incentive Plan. 

(35)    “Share Unit Fund” is the Investment Fund described in Section 6.2(b), which is deemed
invested in Shares. The Share Unit Fund shall be used solely as a means to track deferrals of Equity Awards. 

(36)    “Share Unit” is a unit that has a value equal to one Share. 

(37)    “Specified Employee” is a Participant who is a key employee for a Plan Year, with such status as
to that period becoming effective as of April 1st next following such Plan Year and lasting until the following April 1st. A key employee is an employee of an Employer who (i) at any time during the Plan Year owns at least five percent (5%) of
the stock (or capital or profits interest) of an Employer, (ii) owns one percent (1%) of the stock (or capital or profits interest) of an Employer and whose compensation exceeds the dollar limit for such period described in Code section
416(1)(iii), or (iii) is an officer of an Employer and whose compensation exceeds the dollar limit for such period described in Code section 416(1)(i), as adjusted. No more than the lesser of fifty (50) employees or ten percent (10%) of
all employees shall be treated as officers for that period by reason of clause (iii) immediately preceding. In the event the number of officers exceeds such number, the employees included in such number will be those with the highest
compensation for that period. For the period from the Effective Date through April 1, 2019, a Participant will be considered a Specified Employee hereunder if he or she was considered a Specified Employee under the Prior Plan as of immediately
prior to the Effective Date. 
 (38)    “Spouse” is an individual whose marriage to a Participant is
recognized under the laws of the United States (or any one of the states) and who is considered the Participant’s spouse by the Internal Revenue Service for purposes of the Code. 

(39)    “Trust” is the nVent Management Company Non-Qualified
Deferred Compensation Plan Trust. 
 (40)    “Trustee” is the person appointed as the trustee under the
Trust. 

  
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 (41)    “Unforeseeable Emergency” is a severe financial
hardship to the Participant resulting from: an illness or accident to the Participant or his or her Spouse or tax-dependent; the loss of a home due to an uncompensated (by insurance or otherwise) casualty; and
other similar extraordinary and unforeseeable circumstances beyond the control of the Participant. 

(42)    “Valuation Date” is, with respect to Investment Funds which correspond to funds available under
the RSIP, a date as of which such corresponding funds are valued under the RSIP; with respect to other Investment Funds, it is the last day of each Plan Year and such other dates as are prescribed by the Committee. 

Section 2.2.    Eligibility to Participate. 

(a)    Eligibility to Make Before-tax Deposits and Deferrals of Equity
Awards. Subject to the provisions of Article III, all Employees are eligible to elect Before-tax Deposits and to defer Equity Awards. 

(b)    Eligibility for Employer Contributions. Employees eligible to receive an Employer Discretionary Contribution
for a Plan Year are described in Section 4.1(a), and Employees eligible to receive an Employer Matching Contribution for a Plan Year are described in Section 4.2(a). 

(c)    Suspension of Eligibility. (1) Failure to Qualify as an Employee. Once an individual becomes an
Employee, such individual shall remain an Employee, regardless of the identity of his or her Participating Employer, so long as he or she continues to be described in Section 2.1(13). In the event an individual becomes an Employee and
thereafter remains employed by an Employer but not as an Employee, or such Employer is not then a Participating Employer, except as directed by the Committee such individual’s eligibility to elect
Before-tax Deposits or deferrals of Equity Awards shall be suspended at the end of the Plan Year in which such status change occurs and such individual’s eligibility to receive an allocation of Employer
Contributions shall be suspended immediately on the date such status change occurs. 
 (2)    Resumption. Upon
resuming status as an Employee, an individual whose eligibility to participate in the Plan has been suspended may again elect Before-tax Deposits or deferrals of Equity Awards under the Plan pursuant to the
provisions of Article III. 
 Section 2.3.    Purpose. As a tax-qualified plan, the RSIP is subject to various Code provisions which limit the contributions which can be made on behalf of participants. The Plan is designed to offer the same contribution formulas (without
duplication) as are offered under the RSIP but without regard to such Code provisions, including Code sections 401(a)(17) (compensation cap), 401(k) and 401(m) (annual discrimination tests and related rules for elective and matching contributions),
402(g) and 414(v) (annual dollar limit on elective contributions), and 415(c) (limit on annual additions). In addition, the Plan is designed to offer participants the ability to defer certain items of compensation that would not be able to be
deferred under the RSIP, such as equity awards granted under the Omnibus Incentive Plan. It is intended that all Accounts represent retirement income within the meaning of 4 USC § 114(b)(1)(I)(ii) if paid after termination of employment. The
Plan is not solely intended to provide benefits in excess of the Code section 415 limits, however, and therefore it is not an “excess benefit plan” as defined in ERISA section 3(36). 

  
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 Section 2.4.    Construction. 

(a)    General. Wherever any words are used herein in the singular, masculine, feminine or neuter form, they shall
be construed as though they were used in the plural, feminine, masculine or non-neuter form, respectively, in all cases where such interpretation is reasonable. The words “hereof ,”
“herein,” “hereunder,” and other similar compounds of the word “here” shall mean and refer to this entire document and not to any particular Article or Section. Titles of Articles and Sections are for general
information only, and the Plan is not to be construed by reference thereto. 
 (b)    Applicable Law. To the
extent not preempted by ERISA or any other federal statute, the Plan shall be construed and its validity determined according to the substantive laws of the State of Minnesota, without reference to conflict of law principles thereof. In case any
provision of the Plan shall be held illegal or invalid for any reason, the Plan shall be construed and enforced as if it did not include such provision. 

  
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 ARTICLE III 

PARTICIPANT DEFERRALS 

Section 3.1.    Election to Participate. 

(a)    General. (1) Annual Election. Prior to January 1 of each Plan Year, an Employee may elect:
(A) to make Before-tax Deposits from his or her Base Compensation that will be earned and paid in such Plan Year, (B) to make Before-tax Deposits from his or
her Bonus Compensation that will be earned (or begin to be earned) in such Plan Year, (C) to defer all or a portion of his or her Equity Awards that will be granted in such Plan Year (for this purpose, an Equity Award shall be considered
granted when the Parent takes action to approve such grant), and (D) the form and time of distribution of the Account with respect to such Plan Year, as permitted by Section 7.1(b). Such election shall be made as of the times the Committee
may prescribe and shall be irrevocable as of December 31 of the year immediately preceding the Plan Year for which such elections are effective. 

(2)    Mid-Year Elections: Bonus Compensation or Equity Award. If and to
the extent allowed by the Committee, an Employee also may elect Before-tax Deposits from his or her Bonus Compensation and may elect to defer all or a portion of his or her Equity Awards as follows: 

 

	 	(i)	If the Bonus Compensation or Equity Award qualifies as Performance-Based Compensation, the election may be made no later than six (6) months before the end of the performance period; or 

 

	 	(ii)	If the Bonus Compensation or Equity Award is subject to a substantial risk of forfeiture that will not lapse until at least thirteen (13) months after the date of award or grant (or earlier upon death, Disability
or a CIC), the election may be made no later than the first thirty (30) days after the date of award or grant; provided that if the Bonus Compensation actually vests within the first thirteen (13) months by reason of the Employee’s
death, Disability, or a CIC, then the deferral election shall be cancelled; or 

  

	 	(iii)	If the Bonus Compensation or Equity Award is subject to a substantial risk of forfeiture that will not lapse until at least one year after the date of grant, the election may be made at least one year prior to the date
such award will vest, provided that the amount is deferred for a minimum of five (5) years from the date the Bonus Compensation or Equity Award vests. 

Such election shall be made as of the times the Committee may prescribe and shall be irrevocable as of the latest date permitted hereunder. If
an Employee has not previously elected a time and form of distribution with respect to the Account to which the deferrals described herein will be credited, he or she may do so as part of his or her deferral election hereunder. 

  
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 (b)    Participation During Plan Year. 

(1)    Initial Participation. An Employee who first becomes eligible to participate in the Plan during a Plan Year
may elect, within the first thirty (30) days of becoming so eligible, (A) Before-tax Deposits from his or her Base Compensation for that Plan Year earned and paid after such election, and
(B) the form and time of distribution of the Account with respect to such Plan Year, as permitted by Section 7.1(b). Such individual may also make the elections described in Section 3.1(a)(2), if applicable. 

(2)    Resumption of Participation. An individual who has been eligible to participate in the Plan, who loses such
eligibility by reason of a Separation from Service or otherwise, and who again becomes eligible to participate in the Plan, shall not be eligible to participate in the Plan for purposes of authorizing
Before-tax Deposits or deferrals of Equity Awards, and shall not be eligible to receive an allocation of Employer Contributions, for the Plan Year in which he or she again becomes so eligible unless he or she
(i) has not been eligible to make Before-tax Deposits or deferrals of Equity Awards for two (2) or more consecutive years or (ii) has previously incurred a Separation from Service and been paid
all benefits under the Plan after such separation and before again becoming eligible for the Plan. 

(c)    Carryover of Elections from Prior Plan. Any elections made by Participants under the Prior Plan with respect
to 2018, or with respect to Bonus Compensation or Equity Awards that have not be paid or settled prior to the Effective Date, shall automatically carry-over into this Plan. 

Section 3.2.    Amount of Participant’s Deferrals. 

(a)    Deferral Elections. At the time an Employee elects to make Before-tax
Deposits or defer an Equity Award for a Plan Year, he or she shall designate the percentage of Base Compensation, Bonus Compensation, or Equity Awards to be deferred. Except as described subsection (c), the percentage elected shall be irrevocable
with respect to the compensation to which it relates. In the event a payroll period with respect to Base Compensation straddles the end of a Plan Year, the election, if any, to defer for the Plan Year in which the payroll period ends shall control
the amount or rate to be deferred. 
 (b)    Maximum Deferrals and Coordination with the RSIP. The maximum
deferrals which may be elected by a Participant for a Plan Year shall be established from time to time by the Committee and may be expressed as a maximum amount or percentage. Different maximums may be applied to deferrals of Base, Bonus
Compensation, and Equity Awards or different items of Bonus Compensation and Equity Awards. Such maximums shall be established before a Plan Year and shall apply throughout that year, or shall apply to the award to which the maximum relates. Any
such maximums on Base and Bonus Compensation shall be first absorbed by Before-tax Deposits and then, to the extent the maximum has not been reached, by before-tax
deposits under the RSIP. 
 (c)    Intra-Year Cessation of Before-tax
Deposits. In the event a Participant dies, becomes Disabled, or, as directed by the Committee, applies for and is granted a distribution pursuant to Article VIII, Before-tax Deposits on behalf of such
Participant for the 

  
 10 

 
balance of the Plan Year shall be suspended. The suspension shall be effective no later than the second payroll period ending after the Participant’s death; two and one-half (2-1/2) months after the Participant becomes Disabled; or the second payroll period ending after the Committee approves the distribution and directs the suspension,
whichever is applicable. 
 Section 3.3.    Payment of Deposits to Trustee. Unless otherwise directed by the
Committee, a Participating Employer shall remit amounts withheld as Before-tax Deposits to the Trustee as soon as administratively feasible after such amounts are withheld. In the event the Committee so
otherwise directs or if the Trust (or some other funding arrangement) does not then exist, then the amounts so withheld shall be retained by the Participating Employer as part of its general assets and, in order to determine investment earnings and
losses thereon, shall be allocated to one or more Investment Funds as determined by the Committee no later than the first day of the second calendar month immediately following the calendar month of such withholding. 

  
 11 

 ARTICLE IV 

EMPLOYER CONTRIBUTIONS 

Section 4.1.    Employer Discretionary Contribution. 

(a)    Eligibility for Employer Discretionary Contributions. Employees eligible to receive an Employer Discretionary
Contribution for a Plan Year shall be those individuals 
  

	 	(i)	eligible to elect Before-tax Deposits for that year; 

  

	 	(ii)	who are eligible to receive an employer discretionary contribution under the RSIP for that year; 

  

	 	(iii)	whose covered compensation under the RSIP for that Plan Year is: 

  

	 	(1)	actually limited by the applicable dollar amount provided for under Code section 401(a)(17), or 

  

	 	(2)	reduced by reason of Before-tax Deposits; and 

  

	 	(iv)	who are employed by an Employer as of the end of that Plan Year; provided, however, that such year-end employment shall not be required for the year in which employment ends due
to death, Disability, or Retirement. 

 (b)    Amount of Discretionary Contribution. Participating
Employers shall make an Employer Discretionary Contribution on behalf of their eligible Employees for a Plan Year in an amount equal to (i) the employer standard discretionary contribution rate in effect under the RSIP for the Plan Year (as
determined by the Committee) multiplied by the eligible Employee’s Pre-Deferral Compensation for the Plan Year, up to the applicable dollar limit under Section 4.3, less (ii) the employer
standard discretionary contribution (as determined by the Committee) made on behalf of such Employee to the RSIP for that year. 

Section 4.2.    Employer Matching Contribution. 

(a)    Eligibility for Employer Matching Contributions. Employees eligible to receive an Employer Matching
Contribution for a Plan Year shall be those individuals 
  

	 	(i)	who are eligible to receive an employer matching contribution under the RSIP for such year; 

  

	 	(ii)	whose covered compensation under the RSIP for that Plan Year is: 

  

	 	(1)	actually limited by the applicable dollar amount provided for under Code section 401(a)(17), or 

  

	 	(2)	reduced by reason of Before-tax Deposits; and 

  
 12 

	 	(iii)	who are employed by an Employer as of the end of that Plan Year; provided, however, that such employment shall not be required for the year in which such employment ends due to death, Disability, or Retirement.

 (b)    Amount of Matching Contribution. With respect to each Employee eligible to receive an
Employer Matching Contribution for a Plan Year, that Employee’s Participating Employer shall contribute a matching contribution equal to A - B, where A equals the matching contribution which would have been made on his or her behalf under the
RSIP for that year assuming: 
  

	 	(i)	the covered compensation limit thereunder was the applicable dollar limit for that year under Section 4.3, 

  

	 	(ii)	the provisions of Code sections 401(k) and (m), 402(g), 414(v), and 415(c) (and any similar or analogous Code limits on the amount or rate of contributions under the RSIP) did not apply, 

 

	 	(iii)	all Before-tax Deposits for such year had been made for that year under the RSIP, 

  

	 	(iv)	covered compensation thereunder included Before-tax Deposits made with respect to that year, and 

B equals the matching contributions made on his or her behalf under the RSIP for that year. In determining B, payment of the matching contribution to the
Employee under the RSIP to satisfy Code section 401(m) shall be ignored but any forfeiture of such contribution shall, if in fact taken into account in determining B, reduce B. 

Section 4.3.    Limit on Compensation for Purposes of Employer Contributions. The maximum amount of the
aggregate of a Participant’s Base Compensation and Bonus Compensation that will be considered for purposes of determining Employer Contributions shall be established from time to time by the Committee and shall be communicated to the
Participants. As of the Effective Date, the maximum amount of the aggregate of a Participant’s Base Compensation and Bonus Compensation for purposes of determining Employer Contributions shall be $700,000. 

Section 4.4.    Payment of Deposits to Trustee. Unless otherwise directed by the Committee, a Participating
Employer shall pay its share of the Employer Contributions for a Plan Year as soon as administratively feasible after the entire Employer Contribution for such year has been determined. In the event the Committee so otherwise directs or if the Trust
(or some other funding arrangement) does not then exist, then such share shall be retained by the Participating Employer as part of its general assets and, in order to determine investment earnings and losses thereon, shall be allocated to one or
more Investment Funds as determined by the Committee no later than the first day of the calendar month immediately following the calendar month in which such entire Contribution has been determined. 

  
 13 

 ARTICLE V 

TRUSTEE AND TRUST AGREEMENT 

Section 5.1.    Appointment. 

(a)    General. The Plan is an unfunded deferred compensation arrangement. Neither the Company nor any Participating
Employer shall be required to establish a trust or to in any way segregate assets for purposes of funding or otherwise providing benefits under the Plan. The Company or one of the Participating Employers may, however, in their sole discretion,
establish and maintain an unfunded grantor trust with one or more persons selected by the Committee to act as Trustee. If a Trustee is so appointed, such Trustee shall hold, manage, administer and invest the assets of the Trust, reinvest any income,
and make distributions in accordance with the directions of the Committee and the provisions of the Plan and Trust. The trust agreement shall be in such form and contain such provisions as the Committee deems necessary and appropriate to effectuate
the purposes of the Plan. The terms and provisions of the trust agreement shall control in case of a conflict between the terms and provisions of such agreement and the terms and provisions of the Plan. 

(b)    Removal and Resignation. Pursuant to the notice requirements and other procedures contained in the Trust
agreement, and in accordance with the Trust agreement, the Committee may, at any time and from time to time, remove a Trustee or any successor Trustee and any such Trustee or any successor Trustee may resign. If the provisions of the Trust agreement
remain in effect at the time of removal or resignation of the Trustee, the Committee shall appoint a successor Trustee. 

Section 5.2.    Fees and Expenses. Except as directed by the Company, the Trustee’s fee, and related fees
and expenses, shall be paid by the Company and Participating Employers. Brokerage fees, asset-based fees for custodial, investment and management services, and other investment expenses (e.g., participant record-keeping fees) which relate to
Investment Funds, shall be paid out of the Trust and charged to the fund of the Trust and the Accounts of the Participant to which such fees and costs are attributable. 

Section 5.3.    Use of Trust. To the extent any assets are held in the Trust, such assets shall at all times
be the property of the Company or a Participating Employer and, as such, shall remain subject to the claims of general creditors of the Company or the Participating Employer, as the case may be, in the event of bankruptcy or insolvency. No
Participant or Beneficiary shall by reason of the Plan and Trust have any rights to any assets of the Trust, the Company or a Participating Employer nor to Investment Funds or other property generally, and neither the existence of the Plan nor the
establishment of a Trust shall be interpreted or construed as a guaranty that any funds which may be held in trust will be available or sufficient for the payment of benefits under the Plan. 

Section 5.4.    Responsibility and Authority for Fund Management. The Company may, in its sole discretion,
establish and maintain a funding policy, and may delegate to the Committee the following duties and authority: 
  

	 	(i)	to establish Investment Funds for purposes of crediting investment earnings and losses to Accounts, including the authority to add to or change the number and nature of the Investment Funds from time to time;

  
 14 

	 	(ii)	to direct the investment and reinvestment of all or any portion of the assets, if any, held by the Trustee under the Trust; and 

  

	 	(iii)	to periodically review the performance of the Investment Funds. 

Section 5.5.    Trust Assets. None of the Company, a Participating Employer or the Trustee shall be obligated
to purchase any asset or Investment Fund designated by a Participant pursuant to the provisions of Article VI for purposes of crediting investment earnings and losses to such Participant’s Accounts. To the extent the Company and Participating
Employers remit Before-tax Deposits or Employer Contributions to the Trustee, however, and the Investment Fund designated by the Participant as a deemed investment for his or her Accounts consists of an asset
which the Trustee cannot purchase or an investment which is not readily available on the open market, the Trustee shall, subject to the direction of the Committee, return any such amounts to the Company and Participating Employers in the form of
cash. To the extent a Participant reallocates all or a portion of the balance in his or her Accounts into an Investment Fund which consists of an asset the Trustee cannot purchase, the Trustee shall withdraw from the Trust cash equal to the fair
market value of such investment designation and return such cash to the Company or other Participating Employers. 

  
 15 

 ARTICLE VI 

INVESTMENT; PARTICIPANT’S ACCOUNTS 

Section 6.1.    Allocation and Reallocation of Before-Tax Deposits and
Employer Contributions. 
 (a)    Allocation. For purposes of crediting earnings to his or her Accounts, a
Participant shall elect to allocate Before-tax Deposits and Employer Contributions to one or more of the Investment Funds. A Participant may elect to change the mix of such allocations in accordance with rules
prescribed by the Committee. An election under this Section 6.1(a) shall remain in effect unless changed by the Participant; provided, however, that neither the Company, a Participating Employer, the Committee nor the Trustee shall be obligated
to purchase any investment designated by a Participant. Investment Funds are selected by a Participant solely for purposes of determining the investment earnings and losses to be credited to a Participant’s Accounts. The investment election in
effect for a Participant under the Prior Plan immediately prior to the Effective Date shall automatically carry-over into this Plan on the Effective Date. 

(b)    Reallocation. In accordance with rules prescribed by the Committee, a Participant may reallocate the balance
credited to his or her Accounts among the available Investment Funds. Any such reallocation shall apply to the entire balance of such Accounts attributable to participation in the Plan, and not just to
Before-tax Deposits and Employer Contributions made subsequent to such reallocation. 

(c)    Participant-Directed Investment. (1) General. The availability of Investment Funds for purposes
of crediting earnings to Accounts is not a recommendation to designate a deemed investment in any one Investment Fund. The selection of deemed investments is solely the responsibility of each Participant. No officer, employee or other agent of an
Employer or the Trustee is authorized to advise or make any recommendation concerning the selection of Investment Funds and no such person is responsible for determining the suitability or advisability of any such selection. 

(2)    Participant Responsibility. Participants shall be solely responsible for selecting, monitoring, and changing
the Investment Funds in or by which their Account balances are invested. None of the Company, a Participating Employer, Committee member, or the Administrator shall be responsible for such investment decisions. To the extent a Participant does not
expressly exercise investment discretion over his or her Accounts, he or she shall be deemed to have elected to direct investments to or by the same Investment Fund used for such purposes under the RSIP, except as otherwise provided by the
Committee. 
 Section 6.2.    Allocation of Deferred Equity Awards. 

(a)    Allocation. Deferrals of Equity Awards shall be automatically allocated to the Share Unit Fund (or the
Pentair Share Unit Fund, as the case may be) on the date of vesting, unless otherwise determined by the Committee. A Participant shall not have the right to re-allocate such deferrals out of the Share Unit
Fund (or the Pentair Share Unit Fund). 
 (b)    Share Unit Fund. On the Effective Date, with respect to Pentair
Share Units which are to be credited as part of a Participant’s opening Account balance hereunder, such 

  
 16 

 
share units shall be credited as a combination of Pentair Share Units and Share Units (in the same relation as a shareholder of a Pentair Share receives shares of the Parent in the spin-off). Thereafter, a deferral of an Equity Award shall be allocated to the Share Unit Fund as follows: (i) if the deferral relates to Shares, or Equity Awards whose value equals the Fair Market Value of a
Share, the Participant’s Account shall be credited with a number of Shares Units equal to the number of Shares (or Share-related Equity Awards) deferred, or (ii) if the deferral relates to cash (such as dividend equivalents), such amount
shall be converted to whole and fractional Share Units, with fractional units calculated to three decimal places, by dividing the amount to be allocated by the Fair Market Value of a Share on the effective date of such allocation. A deferral of an
Equity Award that relates to ordinary Pentair Shares shall be allocated in a similar manner to the Pentair Share Unit Fund. 
 If any dividends or
distributions (other than in the form of Shares) are paid on Shares while a Participant has Share Units credited to his Account, such Participant shall be credited with additional Shares Units equal to the amount of the cash dividend paid or Fair
Market Value of other property distributed on one Share, multiplied by the number of Share Units credited to the Participant’s Account on the date the dividend is declared. A similar rule shall apply to Pentair Share Units credited under the
Pentair Share Unit Fund when dividend or distributions (other than shares) are paid on Pentair Shares. 
 Any other provision of this Plan to the contrary
notwithstanding, if a dividend is paid on Shares in the form of a right or rights to purchase shares of capital stock of the Parent or any entity acquiring the Parent, no additional Share Units shall be credited to the Participant’s Account
with respect to such dividend, but each Share Unit credited to a Participant’s Account at the time such dividend is paid, and each Share Unit thereafter credited to the Participant’s Account at a time when such rights are attached to
Shares, shall thereafter be valued as of any point in time on the basis of the aggregate of the then Fair Market Value of one Share plus the then Fair Market Value of such right or rights then attached to one Share. 

(c)    Transactions Affecting Shares. In the event of any transaction affecting Shares that would cause an
adjustment to be made under the adjustment provisions of the Omnibus Incentive Plan, the Committee may make appropriate equitable adjustments with respect to the Share Units credited to the Account of each Participant, including without limitation,
adjusting the date as of which such units are valued and/or distributed, as the Committee determines is necessary or desirable to prevent the dilution or enlargement of the benefits intended to be provided under the Plan. A similar rule shall apply
with respect to units credited under the Pentair Share Unit Fund. 
 (d)    No Shareholder Rights With Respect to
Share Units. Participants shall have no rights as a stockholder pertaining to Share Units or Pentair Share Units credited to their Accounts. 

Section 6.3.    Investment of Deposits and Employer Contributions. The Committee may, in its discretion,
direct the Trustee to invest a Participant’s Before-tax Deposits and Employer Contributions in the Investment Funds designated by the Participant, to the extent such investment is available on the open
market and can be purchased by the Trustee and owned by the Trust. Regardless of whether any deposits or Employer Contributions are actually invested 

  
 17 

 
in the Investment Funds designated by Participants, however, the Committee shall maintain a bookkeeping account on behalf of each Participant to which shall be credited the investment results of
each Investment Fund so designated to adjust the amounts in each Participant’s Accounts. At least each calendar quarter, the Committee shall make available or cause to be made available a report or other information indicating the increase or
decrease in the value of each Participant’s Accounts. Any earnings of an Investment Fund shall be deemed to be reinvested in the same Investment Fund for purposes of maintaining a Participant’s Accounts. 

Section 6.4.    Participant’s Accounts. 

(a)    Establishment of Accounts. Separate Accounts shall be established and maintained for each Participant by Plan
Year and Investment Fund (including Plan Years prior to the Effective Date to the extent liabilities with respect to accounts established for such prior Plan Years were assumed hereunder from the Prior Plan). To the extent necessary or appropriate
to provide for proper administration of the Plan, including the tracking of payment date and form elections, a Participant’s Account for a Plan Year shall include separate balances or subaccounts for interests derived from Before-tax Deposits, deferred Equity Awards, Employer Contributions and such other separate balances as the Committee shall determine. The Committee shall also identify or otherwise maintain separate Accounts or
subaccounts for Participants by reference to the identity of the Participant’s Employer, to the extent practicable. 

(b)    Crediting of Accounts. The appropriate Accounts of each Participant shall be credited with the amounts of Before-tax Deposits, deferred Equity Awards and Employer Contributions made for each Plan Year. The reallocation of a Participant’s Accounts, if permitted, shall be appropriately credited as of the Valuation
Date coincident with or next following the effective date of the reallocation. The maintenance of such Accounts shall not, however, entitle a Participant to any ownership, preferred claim or beneficial interest in any Investment Fund or in any
specific asset of the Trust. Investment Funds are deemed investments and used solely for purposes of determining the earnings and losses to be credited to a Participant’s Accounts. 

(c)    Vesting of Accounts. A Participant’s Account shall be fully vested, except that the portion of the
Account arising from the deferral of an Equity Award shall vest in accordance with the terms of the Equity Award to which it relates. 

Section 6.5.    Beneficiaries. The foregoing provisions of this Article VI shall be applied, to the extent
relevant, with respect to Accounts payable under the Plan to a Beneficiary of a deceased former Participant. 

  
 18 

 ARTICLE VII 

PAYMENT OF ACCOUNTS 

Section 7.1.    Time and Form of Payments. 

(a)    General. Except as otherwise provided in the Plan, a Participant shall receive his or her entire vested
Account balance allocable to a Plan Year in a lump sum within ninety (90) days of the first to occur of his or her (i) Separation from Service, (ii) Disability, or (iii) a CIC. In the event the payment event is due to a
Separation from Service and as of the date of the Separation from Service the Participant is a Specified Employee, however, the lump sum shall be paid within thirty (30) days after the six (6) month anniversary of such date. 

(b)    Election of Distribution. A Participant may elect, in accordance with Section 3.1 and subject to such
limitations as may be prescribed by the Committee, to receive distribution of his or her vested Account balance allocable to a Plan Year: 

(1)    Time of Payment. As of one specific future date, provided such date is at least two (2) years following
the last date by which such an election can be made for that year (or with respect to the portion of the Account relating to an Equity Award, the date the award is fully vested, if later) and such date cannot be more than five (5) years after
the earlier of the date the Participant becomes Disabled and the date he or she has a Separation from Service. In the event the date finally selected is less than two (2) years, the Participant shall be treated as having not made a specific
date election for that year, or, by reason of subsequent event, is more than five (5) years after the relevant date, the Participant shall be treated as having selected the fifth (5th) anniversary of such date as the date of payment. Except as
provided in Section 7.4, such an election once finally effective cannot be changed by the Participant. 

(2)    Calculation of Payment. In annual installments over five (5) or ten (10) years. Each such
installment shall be determined by using the vested Account balance for such year as of the most recent Valuation Date before the payment date and dividing such balance by the number of years left in the installment period and the final installment
shall include the remaining vested Account balance. The second year and later installments shall be paid, as far as practicable, on the anniversary date of the first installment. Except as provided in Section 7.4, such an election once finally
effective cannot be changed by the Participant. In the event the payment event is due to a Separation from Service, and as of the date of Separation from Service the Participant is a Specified Employee, however, the first installment payment may not
be made until after the six (6) month anniversary of such date. 
 (c)    Form of Payment. All payments made
under a Participant’s Account, other than from the Share Unit Fund, shall be made in cash. Payment from the Share Unit Fund shall be distributed in the form of Shares, with each whole Share Unit being paid in the form of one Share, and payment
from the Pentair Share Unit Fund shall be distributed in the form of Pentair Shares, with each whole Pentair Share Unit being paid in the form of one Pentair Share. Fractional Share Units shall be distributed in cash by multiplying the fractional
Share Unit (or Pentair Share Unit, if applicable) by the Fair Market Value of a Share (or a Pentair Share) immediately prior to the date of payment. All Shares payable under the Plan shall be issued from the relevant Omnibus Incentive Plan. 

  
 19 

 (d)    Carryover of Elections from Prior Plan. Any distribution
elections made by Participants under the Prior Plan shall automatically carry-over into this Plan. 

Section 7.2.    Distribution Due to Death. 

(a)    Death Benefit. If a Participant dies before receiving payment of all of the vested amounts allocated to his
or her Accounts, then notwithstanding the payment dates or forms of payment elected, and regardless of whether the Participant had Separated from Service before death or was a Specified Employee as of such separation, all such unpaid benefits shall
be paid to his or her Beneficiary no later than the end of the calendar year following the calendar year of the Participant’s death. Notwithstanding the foregoing, the Employer shall not be obligated to make payment to a Beneficiary (and will
not be liable for any failure to make distribution within the time period specified above) unless and until the Committee has verified the identity of the Beneficiary and the Beneficiary has established the right to receive payment of such benefits.

 (b)    Default. If a Participant fails to make a valid Beneficiary designation, makes such a designation but
is not survived by any named Beneficiary, or makes such a designation but the designation does not effectively dispose of all benefits payable after the Participant’s death, then, to the extent benefits are payable after the Participant’s
death, all such benefits shall be paid to the Participant’s Spouse (if the Spouse survives the Participant), or if the Participant has no Spouse or such Spouse does not survive the Participant, the personal representative or equivalent of the
Participant’s estate or, if no such person has been appointed, then in accordance with the laws of intestate succession of the jurisdiction in which the Participant was domiciled as of the date of death. 

(c)    Form of Distribution. Distribution to a Beneficiary shall be made in a lump sum in cash or Shares
(including, if applicable Pentair Shares) in accordance with Section 7.1(c). 
 (d)    Death of Beneficiary.
If a Beneficiary dies after the Participant but before receiving payment of all benefits under the Plan which would have been paid to such Beneficiary but for his or her death, then all such unpaid benefits shall be paid within ninety (90) days
after such death to the personal representatives or equivalent of such beneficiary’s estate. Notwithstanding the foregoing, the Employer shall not be obligated to make payment to the beneficiary’s estate (and will not be liable for any
failure to make distribution within ninety (90) days of the date of death) unless and until the Committee has verified the identity of such representative. 

Section 7.3.    Payment of Allocations Made After Benefits Have Commenced. To the extent a Participant or
Beneficiary, as the case may be, has received or commenced receiving benefits hereunder, and the Participant or former Participant is subsequently determined to be entitled to an additional allocation hereunder (such as for Employer Contributions
for the Plan Year in which the Participant’s active participation in the Plan ceased), then the Company or 

  
 20 

 
Participating Employer shall timely pay any such allocation to such person or, if such person is receiving an installment form of distribution, the Committee shall adjust the balance of the
installments due to reflect the amount of such allocation effective with the due date of the next installment payment. Any such amount shall remain subject to all applicable provisions of the Plan until so paid. 

Section 7.4.    Later Payment Deferral Elections. 

(a)    General. A Participant who elected a specific payment date pursuant to Section 7.1(b) (or who made such
an election under the terms of the Prior Plan) may, in accordance with the provisions of this Section 7.4 and while an Employee, elect to change the date or form, or both, of payment of the vested Account balance allocable to a Plan Year. No
more than two (2) such elections shall be allowed as to the Account balance for a Plan Year. 
 (b)    Election
Rules. The later election must be otherwise valid pursuant to Section 7.2(b), as if an original election, and must be (i) made at least one (1) year before the then scheduled payment date and (ii) extend the then scheduled
payment date by five (5) or more years. 
 (c)    Form of Payment. For purposes of applying this
Section 7.4 and implementing the six (6) month delay rule for Specified Employees, each of the forms of payment awards under the Plan shall be treated as a single payment due to be made as of the first scheduled payment date. 

Section 7.5.    Miscellaneous. 

(a)    De Minimis Amount Payout. In the event a Participant who has a Separation from Service has a vested Account
balance or portion thereof for all years which in the aggregate (under all such arrangements treated as the same plan for this purpose under Section 409A and the Treasury Regulations thereunder) is $18,500 or less (or such higher amount
described in Code section 402(g)(1)(B) as then in effect) or less, the Committee may, in its discretion, cause such vested balance (and the balances of any other arrangements treated as the same plan) to be distributed in a lump sum immediately
following the Participant’s Separation from Service, notwithstanding any other provision of the Plan or the Participant’s distribution elections. 

(b)    Permissible Delay and Acceleration. The payment provisions of Article VII are subject to exceptions or
overrides in the discretion of the Committee or other person, other than the Participant concerned, as otherwise provided in the Plan or as allowed under Code section 409A. 

  
 21 

 ARTICLE VIII 

EMERGENCY WITHDRAWALS 

Section 8.1.    Restricted Withdrawals. 

(a)    General. A Participant who is not otherwise then entitled to an immediate lump sum distribution may, upon a
showing of an Unforeseeable Emergency which cannot be satisfied by other available liquid assets, request a withdrawal from the Participant’s vested Account balance, but excluding amounts allocated to the Share Unit Fund. An emergency
withdrawal cannot be requested more frequently than once each Plan Year. 
 (b)    Determination. The Committee
or its delegate shall determine whether the relevant facts and circumstances represent an Unforeseeable Emergency and the amount necessary to satisfy such need. The Committee may require such proof as it deems appropriate to evidence the existence
of and the amount necessary to satisfy the emergency or extraordinary circumstances, including a certification that the need cannot be relieved (i) through reimbursement from insurance, (ii) by reasonable liquidation of other assets (but
such available assets shall be determined without regard to the Participant’s account balances under the RSIP and the Plan), or (iii) by cessation of Before-tax Deposits. If and to the extent the
cessation of Before-tax Deposits can remedy such need, the Committee may direct such immediate cessation and suspend the Participant’s right, for such period of time as it deems appropriate, to elect Before-tax Deposits. 
 (c)    Time for Payment. Distributions pursuant to this
Article shall be made in cash within ninety (90) days after the withdrawal is approved by the Committee. If a Participant should die after requesting an emergency withdrawal, but prior to the distribution thereof, the withdrawal election shall
be deemed revoked. 
 (d)    Committee Discretion. Approval of an emergency withdrawal shall be in the sole
discretion of the Committee, and no such approval shall be given if the Committee determines that allowing such withdrawal may have an adverse tax consequence to the Company, Participating Employers, the Plan or other Participants. In the
Committee’s sole discretion, such approval may require the suspension of a Participant’s right to elect Before-tax Deposits for such period of time as the Committee directs. 

  
 22 

 ARTICLE IX 

PLAN ADMINISTRATION 

Section 9.1.    Committee. 

(a)    General. Subject to the provisions of subsection (d), the Committee shall consist of the persons listed on
Schedule 3. The Committee shall have exclusive responsibility for the general administration and operation of the Plan and the power to take any action necessary or appropriate to carry out such responsibilities. In addition, the Committee shall
provide generally for the operation of the Plan and be a liaison between Employers to assure uniform procedures as appropriate. The duties of the Committee shall include, but not be limited to, the following: 

 

	 	(i)	to prescribe, require and use appropriate forms; 

  

	 	(ii)	to formulate, issue and apply rules and regulations; 

  

	 	(iii)	to prepare and file reports, notices and any other documents relating to the Plan which may be required by law; 

  

	 	(iv)	to interpret and apply the provisions of the Plan; 

  

	 	(v)	to authorize and direct benefit payments. 

 In exercising such powers and duties, and other powers and duties
granted under the Plan or Trust to the Committee, the Committee and each member thereof is granted such discretion as is appropriate or necessary to carry out the duties and powers so delegated. This discretion necessarily follows from the fact that
the Plan, the Trust and related documents do not, and are not intended to, prescribe all rules necessary to administer the Plan or anticipate all circumstances or events which may arise in the course of such administration. 

(b)    Code Section 409A. The Plan shall be administered, and the Committee, its delegate and
the Administrator shall exercise their discretionary authority under the Plan, in a manner consistent with Code section 409A. Any permissible discretion to accelerate or defer a Plan payment under such Regulations, the power to exercise which is not
otherwise described expressly in the Plan, shall be exercised by the Committee. In the event the matter over which such discretion may be exercised relates to a Committee member, or such member is otherwise unable to fairly exercise such discretion,
such member shall not take part in the deliberations and decisions regarding that matter. 
 (c)    Allocation to
Participating Employers. To the extent practicable, the Committee shall account for the Trust assets in such manner as will permit the accurate allocation of Accounts or parts thereof, including the investment earnings and losses attributable
thereto, to the relevant Participating Employer. The Committee shall provide to each Participating Employer all information necessary to permit each such Employer to prepare any reports or tax filings which may be required by reason of its status as
a Participating Employer. 

  
 23 

 (d)    Action by Compensation Committee of the Board. Notwithstanding
the foregoing, if any action or determination of the Committee as set forth in the Plan is required to be taken by the Compensation Committee of the Board of Directors of the Parent in order to comply with applicable law, the Parent’s
governance charters or the listing requirements of any exchange on which the Parent’s (or an affiliate’s) stock is then listed, then all references herein to the “Committee” shall include the Compensation Committee to the extent
deemed necessary or advisable. 
 Section 9.2.    Organization and Procedure. The Committee may have a
chairman, a secretary, and such other officers as it deems appropriate. Subject to Section 9.1, action on any matter shall be taken on the vote of at least a majority of all members of the Committee at any meeting or upon unanimous written
consent of all members without a meeting. The Committee may adopt such bylaws, procedures and operating rules as it deems appropriate. 

Section 9.3.    Delegation of Authority and Responsibility. The Committee may, in writing, delegate to any one
or more of its members the authority to execute documents on behalf of the Committee and to represent the Committee in any matters or dealings involving such Committee. 

The Committee may delegate in writing certain of its powers to a person employed by an Employer under such terms and conditions as may be
specified by the Committee. Employees of an Employer who are not members of the Committee or persons to whom powers are delegated, shall perform such duties and functions relating to the Plan as the Committee may direct and supervise. It is
expressly provided, however, that the Committee shall retain full and exclusive authority and responsibility for and respecting any such activities by other employees, and nothing contained in this Section 9.3 shall be construed to confer upon
any such employee any discretionary authority or control respecting the administration or operation of the Plan. 

Section 9.4.    Use of Professional Services. The Committee may obtain the services of such attorneys,
accountants, record keepers or other persons as it deems appropriate, any of whom may be the same persons who are providing services to an Employer. In any case in which the Committee utilizes such services, it shall retain exclusive discretionary
authority and control over the administration and operation of the Plan. 
 Section 9.5.    Fees and
Expenses. Committee members who are employees of the Parent, the Company or a Participating Employer shall serve without compensation but shall be reimbursed for all reasonable expenses incurred in their capacity as Committee members. No
employee members of the Committee or persons performing services pursuant to Section 9.4 shall receive greater than reasonable compensation for their services. All compensation for services and expenses shall be paid from the Trust unless the
Company, in its sole discretion, elects to pay them. To the extent not paid by the Company, such compensation and expenses shall be paid out of the principal or income of the Trust and charged to Accounts. 

Section 9.6.    Communications. Requests, claims, appeals, and other communications related to the Plan and
directed to the Company or the Committee shall be in writing and shall be made by transmitting the same via the U.S. Mail, certified, return receipt requested, to the Sidekick Committee, c/o Senior Vice President of Human Resources, at the address
listed in the latest summary description for the Plan. 

  
 24 

 Section 9.7.    Claims. 

(a)    Filing Claims. A Participant or Beneficiary (or a person who in good faith believes he or she is a
Participant or Beneficiary, i.e., a “claimant”) who believes he or she has been wrongly denied benefits under the Plan may file a written claim for benefits with the Administrator. Although no particular form of written claim is required,
no such claim shall be considered unless it provides a reasonably coherent explanation of the claimant’s position. 

(b)    Decision on Claim. The Administrator shall in writing approve or deny the claim within sixty (60) days
of receipt, provided that such sixty (60) day period may be extended for reasonable cause by notifying the claimant. If the claim is denied, in whole or in part, the Administrator shall provide notice in writing to the claimant, setting forth
the following: 
 (1)    the specific reason or reasons for the denial; 

(2)    a specific reference to the pertinent Plan provisions on which the denial is based; 

(3)    a description of any additional material or information necessary for the claimant to perfect the claim and an
explanation of why such material is necessary; and 
 (4)    the steps to be taken if the claimant wishes to appeal the
decision to the Committee. 
 (c)    Appeal of Denied Claim. (1) Filing Appeals. A claimant whose
claim has been denied in whole or in part may appeal such denial to the Committee by filing a written appeal with the Administrator within sixty (60) days of the date of the denial. A decision of the Administrator which is not appealed within
the time herein provided shall be final and conclusive as to any matter which was presented to the Administrator. 

(2)    Rights on Appeal. A claimant (or a claimant’s duly authorized representative) who appeals the
Administrator’s decision shall, for the purpose of preparing such appeal, have the right to review any pertinent Plan documents, and submit issues and comments in writing to the Committee. 

(d)    Decision by Appeals Committee. The Committee shall make a final and full review of any properly appealed
decision of the Administrator within sixty (60) days after receipt of the appeal, provided that such period may be extended for reasonable cause by notifying the claimant. The Committee’s decision shall be in writing and shall include
specific reasons for its decisions and specific references to the pertinent Plan provisions on which its decision is based. 

  
 25 

 ARTICLE X 

PLAN AMENDMENTS, PLAN TERMINATION, 

AND MISCELLANEOUS 

Section 10.1.    Amendments and Termination. 

(a)    General. While it is intended the Plan shall continue in effect indefinitely, the Company may from time to
time modify, alter or amend the Plan or the Trust, provided that no amendment affecting the rights, duties or responsibilities of the Trustee may be made without the Trustee’s consent. Except as otherwise inconsistent with Section 9.1(b),
the Company may at any time order the temporary suspension or complete discontinuance of Before-tax Deposits, deferrals of Equity Awards or Employer Contributions, or may terminate the Plan. Except as
described in subsection (b) following, no such amendment shall reduce the balance in any Participant’s Accounts determined as of the later of the date the amendment is adopted or effective. 

(b)    Amendments to Comply with Applicable Law. Nothing herein shall be construed to prevent any modification,
alteration or amendment of the Plan or Trust which is required to comply with the provision of any applicable law or regulation relating to the establishment or maintenance of this Plan and Trust. Except as otherwise provided herein, or as necessary
to comply with such law or regulation, no such amendment shall reduce the balance in any Participant’s Accounts determined as of the later of the date the amendment is adopted or effective. 

(c)    Participating Employers. An Employer may become a Participating Employer by agreeing to withhold and make
contributions for its Employees as provided for herein. An Employer which becomes a Participating Employer thereby agrees to pay or provide for the payment of benefits hereunder to those Participants (and their Beneficiaries) employed by it, but
only to the extent such benefits are attributable to contributions, and investment earnings and losses credited thereon, related to the period of such employment. A Participating Employer shall have no discretionary authority or control over the
administration of the Plan or the Fund. 
 An Employer, other than the Company, which becomes a Participating Employer thereby agrees that
any subsequent modifications, alterations and amendments to the Plan by the Company shall be deemed to have been adopted by the Participating Employer. 

An Employer, other than the Company, may cease to be a Participating Employer by adopting a written resolution of its board of directors and
delivering such resolution to the Committee. No resolution ending participation in the Plan shall be effective until thirty (30) days after it is received by the Committee. Unless otherwise provided herein, ceasing to be a Participating
Employer shall not relieve such Employer of its obligation hereunder to provide for the payment of benefits credited to Accounts on behalf of Participants during the time such Employer was a Participating Employer. 

(d)    Plan Termination. If the Plan is terminated, the Committee may elect to either terminate or retain the
Trust. Any decision to terminate the Plan or the Trust shall not reduce the balance of a Participant’s Accounts under the Plan as of the effective date of such termination, nor shall it terminate, amend or otherwise change the liability of the
Company or Participating Employer to pay or provide for the payment of benefits under the Plan. 

  
 26 

Section 10.2.    Non-Guarantee of Employment. Nothing contained in this
Plan shall be construed as a contract of employment between an Employer and a Participant, or as a right of any Participant to be continued in the employment of an Employer, or as a limitation on the right of an Employer to discharge any Participant
with or without notice or with or without cause. 
 Section 10.3.    Rights to Trust Asset. 

(a)    Rights of Participants. No Participant or any other person shall have any right to, or interest in, any part
of the Trust assets upon termination of employment or otherwise, except as otherwise provided under the Plan. If the assets of the Trust are insufficient to pay the vested amounts credited to a Participant’s Accounts, the Participant’s
Employer shall pay any such amounts from its other general assets. If such Employer does not timely pay such benefits, then, except as described in Section 10.3(b), the sole recourse of a claimant Participant or Beneficiary shall be against
such Employer and neither the Company nor any other Employer shall be responsible to pay or provide for the payment of such benefits or liable for the nonpayment thereof. 

(b)    Company Assumption of Liability. If the Participant’s employment is terminated due to the sale of the
stock (or rights analogous to stock) or assets of his or her Employer by the Parent or by the Company, then the Company shall assume and be responsible for the payment of benefits to such Participant as necessary pursuant to this Section 10.3
even though it may not have been such Participant’s Employer. The Company’s obligation under this Section 10.3(b) shall cease as of the earlier of the date all such benefits are paid to the affected Participant or the date the person
who purchased such stock or assets, or a person who controls such person, agrees in writing to assume the liability for the benefits credited to the affected Participants by reason of their participation in the Plan. 

Section 10.4.    Suspension of Rules. 

(a)    Federal Securities and Other Laws. Notwithstanding anything in the Plan to the contrary, and to the extent
and for the time reasonably necessary to comply with federal securities laws (or other applicable laws or regulations), elective deferrals, Participant investment-direction, and payment dates and forms under the Plan may be suspended, changed, or
delayed as necessary to comply with such laws or regulations; provided, however, any payments so delayed shall be paid to the Participant or Beneficiary as of the earliest date the Committee determines that such payment will not cause a violation of
any such laws or regulations. 
 (b)    Section 162(m). If the Committee reasonably determines that a scheduled
payment of benefits under the Plan will not be deductible by an Employer by reason of Code section 162(m), it may, if and to the extent permitted by Code section 409A, suspend all such payments to the extent not so deductible. Payments so suspended
shall be paid by the fifteenth (15th) day of the third month after the affected Participant dies, becomes Disabled, or incurs a Separation from Service, or if earlier, when such payment is deductible by the Company;

  
 27 

 
provided, however, if the Participant is a Specified Employee when he or she incurs a Separation from Service, payments suspended pursuant to this subsection shall be paid as described except the
six (6) month anniversary of the actual Separation from Service shall be treated as the date the affected Participant Separated from Service. 

(c)    Offset for Amounts Due. A Participant’s vested Account balance may be reduced by one or more offsets to
repay any amounts then due and owing to an Employer, unless another means of repayment is agreed to by the Committee. Except for the right to immediate offset for an amount up to $5,000, or such higher amount as allowed under Treasury Regulations or
other directives, the Account balance shall not be so offset before it is otherwise scheduled to be paid to the Participant or Beneficiary and the amount then offset shall not exceed the amount that would be otherwise so paid. 

Section 10.5.    Requirement of Proof. In discharging their duties and responsibilities under the Plan, the
Committee or other individual may require proof of any matter concerning this Plan, and no person shall acquire any rights or be entitled to receive any benefits under this Plan until such proof is furnished. 

Section 10.6.    Indemnification. The Company shall indemnify each member of the Committee and hold each of
them harmless from the consequences of acts or conduct when done in their capacity as Committee members. This provision shall apply only if the member acted in good faith and in a manner reasonably believed to be solely in the best interests of the
Participants and Beneficiaries and, with respect to any criminal action or proceeding, had no reasonable cause to believe the conduct was unlawful. Such indemnification shall cover any and all reasonable attorneys’ fees and expenses, judgments,
fines and amounts paid in settlement, but only to the extent such amounts are (i) actually and reasonably incurred, (ii) not otherwise paid or reimbursable under an applicable Employer paid insurance policy, and (iii) not duplicative
of other payments made or reimbursements due by the Company or its affiliates under other indemnity agreements. 
 In no event shall this
Section 10.6 be construed to require the Company to indemnify third parties with whom it may contract to perform administrative or investment management duties or to indemnify the Trustee to any extent beyond what may be required under such
contract or the Trust agreement, respectively. 

Section 10.7.    Non-Alienation and Taxes. 

(a)    General. Except as otherwise expressly provided herein or as otherwise required by law, no right or interest
of any Participant or Beneficiary in the Plan and the Trust shall be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, charge, attachment, garnishment, execution, levy, bankruptcy, or any other
disposition of any kind, either voluntary or involuntary, prior to actual receipt of payment by the person entitled to such right or interest under the provisions hereof, and any such disposition or attempted disposition shall be void. 

(b)    Tax Withholdings. (1) General. Benefits earned under the Plan and payment of such benefits shall
be subject to tax reporting and withholding as required by law and 

  
 28 

 
the amount of such withholding may be determined by treating such benefits as being in the nature of supplemental wages. If tax withholdings must be made before such benefits are paid to a
Participant or Beneficiary (e.g., FICA taxes on Before-tax Deposits), they shall be made from other wages paid to such individual apart from the Plan to the extent reasonably possible; provided, however, if
such other wages are insufficient for that purpose, the withholdings shall be made from and reduce Before-tax Deposits or Employer Contributions, as applicable, for the individual concerned or, if no such
contributions are available, the relevant Employer shall advance the withholdings, the appropriate Account balance of the individual concerned shall be reduced in the same amount, and upon the direction of the Committee the Trustee shall remit to
the Employer an amount equal to such reduction. 
 (2)    Tax Consequences. Neither the Company nor any other
Employer represents or guarantees that any particular federal, foreign, state or local income, payroll, or other tax consequence will result from participation in this Plan or payment of benefits under the Plan. 

(c)    Coordination with Code Section 457A. If a Participant is subject to Code
Section 457A in a Plan Year, then to the extent required by Code Section 457A: 
 (1)     His or her Before-tax Deposits for such year shall be deducted from the Participant’s Base Compensation and/or Bonus Compensation on an after-tax basis, and as a result the Employer
Matching and Discretionary Contributions shall be calculated by taking into considered that such deposits are includible in the Participant’s compensation for such year; 

(2)    All allocations made during such Plan Year, including Employer Contributions and earnings credited on deferred
amounts, shall be considered taxable income to the extent vested in such year; and 
 (3)    All prior deferred amounts
shall be considered taxable income in such year to the extent vested (and not previously included in income). 
 Notwithstanding any provision of the Plan
to the contrary, the Administrator may authorize the payment of amounts in the year such amounts are included in income under this subsection (c) unless payment at such time would violate Code Section 409A. 

Section 10.8.    Not Compensation Under Other Benefit Plans. No amounts allocated to a Participant’s
Account shall be deemed to be salary or compensation for purposes of the RSIP or any other employee benefit plan of the Company or any other Employer except as and to the extent otherwise specifically provided in such other plan. 

Section 10.9.    Savings Clause. If any term, covenant, or condition of this Plan, or the application thereof
to any person or circumstance, shall to any extent be held to be invalid or unenforceable, the remainder of this Plan, or the application of any such term, covenant, or condition to persons or circumstances other than those as to which it has been
held to be invalid or unenforceable, shall not be affected thereby, and, except to the extent of any such invalidity or unenforceability, this Plan and each term, covenant, and condition hereof shall be valid and shall be enforced to the fullest
extent permitted by law. 

  
 29 

 Section 10.10.    Facility of Payment. If the Committee shall
determine a Participant or Beneficiary entitled to a distribution hereunder is incapable of caring for his or her own affairs because of illness or otherwise, it may direct any distribution from such Participant’s Accounts be made, in such
shares as it shall determine, to the Spouse, child, parent or other blood relative of such Participant or Beneficiary, or any of them, or to such other person or persons as the Committee may determine, until such date as it shall determine such
incapacity no longer exists; provided, however, the exercise of this discretion shall not cause an acceleration or delay in the time of payment of Plan benefits except to the extent, and only for the duration of, the time reasonably necessary to
resolve such matters or otherwise protect the interests of the Plan. The Committee shall be under no obligation to see to the proper application of the distributions so made to such person or persons and any such distribution shall be a complete
discharge of any liability under the Plan to such Participant or Beneficiary, to the extent of such distribution. 

Section 10.11.    Requirement of Releases. If in the opinion of the Committee, any present or former Spouse or
dependent of a Participant or other person shall by reason of the law of any jurisdiction appear to have any bona fide interest in Plan benefits that may become payable to a Participant or with respect to a deceased Participant, or otherwise has
asserted such a claim, the Committee may direct such benefits be withheld pending receipt of such written releases as it deems necessary to prevent or avoid any conflict or multiplicity of claims with respect to the payment of such benefits, but
only to the extent and for the duration reasonably necessary to resolve such matters or otherwise protect the interests of the Plan. 

Section 10.12.    Board Action. Any action which is required or permitted to be taken by the Board of
Directors of the Parent under the Plan may be taken by the Compensation Committee of such board or any other authorized committee of such board. 

Section 10.13.    Computational Errors. In the event mathematical, accounting, or similar
errors are made in processing or paying a benefit under the Plan, the Committee may make such equitable adjustments as it deems appropriate (which may be retroactive) to correct such errors. 

Section 10.14.    Unclaimed Benefits. In the event any person who is entitled to benefits hereunder cannot be
located despite reasonable and diligent efforts to do so, then such person’s benefits shall be automatically forfeited as of the last day of the Plan Year next following the year in which such benefits first became payable; provided, however,
in the event such person subsequently makes a valid claim for such forfeited benefits prior to the termination of the Plan, such benefits shall be reinstated and immediately paid. 

Section 10.15.    Communications. The Committee, or its delegate, or the Trustee, as to the function or
authority concerned, shall prescribe such forms of communication, including forms for benefit application and the like, with respect to the Plan and Fund as it deems appropriate. Except as otherwise prescribed by such persons or otherwise provided
by governing statute or regulation, any such communication and assent or consent thereto may be handled by electronic means. 

  
 30 

 ARTICLE XI 

TRANSITIONAL RULES 

Section 11.1.    Amounts Deferred Under Prior Plan Before 2005. Account balances (including earnings and
losses on such balances regardless of when incurred) attributable to deposits and contributions for periods before 2005 under the Prior Plan shall be accounted for separately from account balances attributed to deposits and contributions for periods
after 2004 and such pre-2005 deferrals shall be governed by the terms and conditions of Appendix A hereto; provided that if any such amounts are includible in income under Code Section 457A, then payment
of such amounts shall be subject to the provisions of Section 10.7(c) hereof. 

  
 31 

 SCHEDULE 1 – BASE COMPENSATION 

 

			
	Items Included	 	                            Items Excluded
	Base salary before deferrals for:	 	All other items of compensation
		
	 •   401(k) plan before-tax employee
contributions;
  

•   Section 125 plan (flexible benefit, cafeteria plan)
pre-tax employee contributions; and
  

•   Section 132(f)(4) plan (transportation benefit plan)
pre-tax employee contributions
	 	

  
 32 

 SCHEDULE 2 – BONUS COMPENSATION 

 

	•	 	Performance Awards under the nVent Electric plc 2018 Stock and Incentive Plan that are not Equity Awards 

  

	•	 	Management Incentive Plan (“MIP”) 

  

	•	 	Local GBU-specific annual bonus plans (Flow participants only), but excluding any Tracer Industries Management, LLC bonus plan 

  
 33 

 SCHEDULE 3 

COMMITTEE MEMBERS 
  

	1.	Chief Human Resources officer of Parent 

  

	2.	Vice President of Compensation and Benefits of Parent (or similar title) 

  

	3.	Vice President of Treasury and Tax of Parent (or similar title) 

  
 34 

 APPENDIX A 

Time and Form of Payment for 

Grandfathered Amounts 
 As
provided in Section 11.1 of the Plan document, the terms of this Appendix A govern, and supersede any conflicting provisions in the Plan document with respect to, the time and form of payment of Account balances (including earnings and losses
on such balances regardless of when incurred) attributable to deposits and contributions for periods before January 1, 2005 under the Prior Plan, as adjusted for gains and losses thereon (the
“Pre-2005 Account”). 
 SECTION A-1 

DEFINITIONS 
 Unless the
context clearly requires otherwise, the terms listed below shall have the following meanings when capitalized and used in this Appendix. 

(a)    “Board” means the Board of Directors of nVent Electric plc. 

(b)    “Change in Control” shall be deemed to have occurred if an event set forth in any one of the
following paragraphs shall have occurred: 
  

	 	(1)	any Person (other than (A) the Parent or any of its subsidiaries, (B) a trustee or other fiduciary holding securities under any employee benefit plan of the Parent or any of its subsidiaries, (C) an
underwriter temporarily holding securities pursuant to an offering of such securities or (D) a corporation owned, directly or indirectly, by the shareholders of the Parent in substantially the same proportions as their ownership of stock in the
Parent (“Excluded Persons”) is or becomes the beneficial owner, directly or indirectly, of securities of the Parent (not including in the securities beneficially owned by such Person any securities acquired directly from the Parent or its
Affiliates after April 30, 2018, pursuant to express authorization by the Board that refers to this exception) representing 20% or more of either the then outstanding shares of common stock of the Parent or the combined voting power of the
Parent’s then outstanding voting securities; or 

  

	 	(2)	 the following individuals cease for any reason to constitute a majority of the number of directors of the Parent
then serving: (A) individuals who, on April 30, 2018 constituted the Board and (B) any new director (other than a director whose initial assumption of office is in connection with an actual or threatened election contest, including
but not limited to a consent solicitation, relating to the election of directors of the Parent, as such terms are used in Rule 14a-11 of Regulation 14A under the Act) whose appointment or election by the Board
or nomination for election by the Parent’s shareholders was approved by a vote of at least two-thirds (2/3) of the directors then still in office who either were directors on April 30, 2018, or whose
appointment, election or nomination for election was 

  
 35 

	 	
previously so approved (collectively the “Continuing Directors”); provided, however, that individuals who are appointed to the Board pursuant to or in accordance with the terms of an
agreement relating to a merger, consolidation, or share exchange involving the Parent (or any direct or indirect subsidiary of the Parent) shall not be Continuing Directors for purposes of this Agreement until after such individuals are first
nominated for election by a vote of at least two-thirds (2/3) of the then Continuing Directors and are thereafter elected as directors by the shareholders of the Parent at a meeting of shareholders held
following consummation of such merger, consolidation, or share exchange; and, provided further, that in the event the failure of any such persons appointed to the Board to be Continuing Directors results in a Change in Control, the subsequent
qualification of such persons as Continuing Directors shall not alter the fact that a Change of Control occurred; or 

  

	 	(3)	the consummation of a merger, consolidation or share exchange of the Parent with any other corporation or the issuance of voting securities of the Parent in connection with a merger, consolidation or share exchange of
the Parent (or any direct or indirect subsidiary of the Parent), in each case, which requires approval of the shareholders of the Parent, other than (A) a merger, consolidation or share exchange which would result in the voting securities of
the Parent outstanding immediately prior to such merger, consolidation or share exchange continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or any parent thereof) at least
50% of the combined voting power of the voting securities of the Parent or such surviving entity or any parent thereof outstanding immediately after such merger, consolidation or share exchange, or (B) a merger, consolidation or share exchange
effected to implement a recapitalization of the Parent (or similar transaction) in which no Person (other than an Excluded Person) is or becomes the beneficial owner, directly or indirectly, of securities of the Parent (not including in the
securities beneficially owned by such Person any securities acquired directly from the Parent or its Affiliates after April 30, 2018, pursuant to express authorization by the Board that refers to this exception) representing 20% or more of
either the then outstanding shares of common stock of the Parent or the combined voting power of the Parent’s then outstanding voting securities; or 

  

	 	(4)	the consummation of a plan of complete liquidation or dissolution of the Parent or a sale or disposition by the Parent of all or substantially all of the Parent’s assets (in one transaction or a series of related
transactions within any period of 24 consecutive months), in each case, which requires approval of the shareholders of the Parent, other than a sale or disposition by the Parent of all or substantially all of the Parent’s assets to an entity at
least 75% of the combined voting power of the voting securities of which are owned by Persons in substantially the same proportions as their ownership of the Parent immediately prior to such sale. 

  
 36 

 Notwithstanding the foregoing, no “Change in Control” shall be deemed to have occurred
if there is consummated any transaction or series of integrated transactions immediately following which the record holders of the common stock of the Parent immediately prior to such transaction or series of transactions continue to own, directly
or indirectly, in the same proportions as their ownership in the Parent, an entity that owns all or substantially all of the assets or voting securities of the Parent immediately following such transaction or series of transactions. 

(c)    “Retirement” is an individual’s termination of employment from the Employer (other than by
reason of death or Total and Permanent Disability) at a time when such termination of employment would have made such individual, if such individual were deemed to be a participant under the Pentair, Inc. Pension Plan, as such plan was in effect on
December 31, 2017, eligible for an immediate commencement of benefits thereunder. If an individual who retires has not completed the minimum number of years of service that would have been necessary to qualify for the immediate commencement of
such benefits then, for purposes of the Plan, such individual shall be deemed to have completed the requisite years of service to be considered eligible for immediate commencement of benefits under such pension plan. 

(d)    “Total and Permanent Disability” is a bodily injury or disease which, in the judgment of the
Committee, wholly disables a Participant and will permanently, continuously and wholly prevent such Participant for life from engaging in his or her occupation or employment for wage or profit with an Employer. 

SECTION A-2 

TIME AND FORM OF DISTRIBUTION OF PRE-2005 ACCOUNT 

A-2.1.    Time of Distribution of
Pre-2005 Account. When a Participant made an election under the Prior Plan to defer compensation attributable to the Pre-2005 Account balance, the Participant
also designated the time at which such Pre-2005 Account balance will be paid, which election shall be irrevocable and shall continue to apply hereunder. Distribution of a Participant’s Pre-2005 Account shall be made or commence to be made as soon as administratively feasible following the elected event of distribution, but in no case later than sixty (60) days after the event of distribution
occurs. The Participant was permitted to elect the time he or she wished to receive payment of the Pre-2005 Account by selecting one or more of the following options: 

(i)    the date the Participant voluntarily terminates employment; 

(ii)    the date such Participant is granted benefits on account of Total and Permanent Disability under the
Employer’s long-term disability plan or, if earlier, the date of a Participant’s Retirement from the Company or a Participating Employer; 

(iii)    January 1 of the year following the year of a Participant’s Retirement from the Company or a Participating
Employer; 

  
 37 

 (iv)    the last day of the Plan Year coincident with or immediately
following the Participant’s attainment of an age which shall be specified by the Participant at the time of the election; 

(v)    the date specified in (iv) above, if the Participant’s employment is involuntarily terminated prior to
that date; or 
 (vi)    the date the Participant’s employment ends, regardless of the reason, if the option
otherwise elected by such Participant cannot be given effect on that date. 

A-2.2    Form of Distribution of
Pre-2005 Account. At the same time as a Participant made an election as to the time of payment of his or her Pre-2005 Account balance, he or she also elected the
form in which such payments will be made, which election shall continue to apply under this Plan. This election was a one-time, irrevocable election which shall apply to all amounts in the Pre-2005 Account balance. 
 The Pre-2005 Account shall be paid in
cash in one of the following forms: 
 (i)    cash lump-sum; 

(ii)    equal annual cash installments over a period of five (5) years; or 

(iii)    equal annual cash installments over a period of ten (10) years. 

SECTION A-3 

DISTRIBUTION IN EVENT OF DEATH 

A-3.1    Death Benefit. In the event of a Participant’s
death prior to the distribution of the entire balance in such Participant’s Pre-2005 Account, distribution of the then unpaid Pre-2005 Account balance shall be paid
to his or her Beneficiary within sixty (60) days of the date the Committee has verified the identity of the Beneficiary and the Beneficiary has established the right to receive payment of a Participant’s benefits under the Plan. 

A-3.2    Default Takers. If a Participant fails to make a
valid Beneficiary designation, makes such a designation but is not survived by any named Beneficiary, or makes such a designation but the designation does not effectively dispose of all benefits payable after the Participant’s death, then and
to the extent benefits are payable after the Participant’s death, all such benefits shall be paid in accordance with the laws of intestate succession of the jurisdiction in which the Participant was domiciled as of the date of death. 

A-3.3    Form of Distribution. Distribution to a Beneficiary
shall be made in a cash lump sum; provided, however, a Beneficiary may elect to receive equal annual cash installments over a period of five (5) or ten (10) years if such election is made within thirty (30) days after the date of the
Participant’s death. 
 A-3.4    Death of Beneficiary.
If a Beneficiary dies before receiving payment of all amounts allocated to his or her Accounts under the Plan, then all such unpaid benefits shall be paid as a lump sum in accordance with the laws of intestate succession of the jurisdiction in which
the Beneficiary was domiciled as of the date of death. 

  
 38 

 SECTION A-4 

EMERGENCY WITHDRAWALS 
 A-4.1    General. A Participant who has not experienced his or her designated event of distribution may, on a showing of an unforeseeable emergency or extraordinary
circumstance, request a withdrawal from the Plan. For this purpose, an unforeseeable emergency or extraordinary circumstance is a situation resulting from events beyond the control of the Participant which has created a severe financial hardship the
Participant has insufficient liquid assets to meet. The amount of such a withdrawal which may be approved by the Committee, in its sole discretion, shall be the amount necessary to alleviate the Participant’s emergency. An emergency withdrawal
cannot be requested more frequently than once each Plan Year. 

A-4.2    Emergency. For purposes of this Section A-4, the Committee or its delegate, on a uniform and nondiscriminatory basis, shall determine whether the facts and circumstances relevant to a Participant’s situation represent an unforeseeable emergency or
other similar extraordinary circumstance. The Committee may require such proof as it deems appropriate from the Participant to evidence the existence of the emergency. 

A-4.3    Severe Financial Hardship. To demonstrate the
emergency or circumstance has created a severe financial hardship which cannot be met from other resources, the Participant shall provide such documents or information as the Committee may require to certify the need cannot be relieved
(i) through reimbursement from insurance, (ii) by reasonable liquidation of assets that would not create a severe financial hardship, or (iii) by cessation of Before-tax Deposits under the Plan.

 A-4.4    Time for Payment. Distributions pursuant to
this Section A-4 shall be made as soon as administratively feasible after the withdrawal is approved by the Committee. If a Participant should die after requesting an emergency withdrawal, but prior to the
distribution thereof, the withdrawal election shall be deemed revoked. 

A-4.5    Committee Discretion. Approval of an emergency
withdrawal shall be in the sole discretion of the Committee, and no such approval shall be given if the Committee determines allowing such withdrawal may have an adverse tax consequence to the Company, Participating Employers, the Plan or other
Participants. 
 SECTION A-5 

CHANGE IN CONTROL 
 A-5.1    Effect on Participants. If a Participate terminates employment, whether voluntarily or involuntarily (other than by reason of death), with the Employer within three (3)

  
 39 

 
years following a Change in Control, then notwithstanding the benefit election previously made by such Participant and other Plan provisions to the contrary, such Participant shall receive all of
his or her Plan benefits in a cash lump sum on the lump sum date unless such Participant timely elects otherwise in accordance with Section A-5.2. The lump sum date shall be the first business day of the third
calendar month following the calendar month in which such Participant so terminates employment. 
 The provisions of this Section shall also
apply to a Participant who so terminates employment before a Change in Control if the Participant has entered into a Key Exeuctive Employment and Severance Agreement (“KEESA”) and is entitled to benefits thereunder pursuant to
Section 2(b) of the KEESA; provided, however, in such circumstances the lump sum date shall be determined as if the Participant had so terminated employment on the day following the date of the Change in Control. 

A-5.2    Election to Forego Lump Sum. A Participant
otherwise entitled to receive a lump sum pursuant to Section A-4.1 may elect to forego payment of the lump sum if he or she so elects in writing and files such writing with the Committee no later than thirty
(30) days before the lump sum date. If a Participant timely elects to forego the lump sum payment, such Participant’s Plan benefits shall be paid in accordance with the Participant’s otherwise effective benefit elections and Plan
provisions apart from this Section A-5. 

A-5.3    No Delay in Payment. Application of this Section A-4 shall not delay the date for payment of benefits as otherwise elected by a Participant or as otherwise provided under the Plan apart from this Section A-5. 

A-5.4    Notice of Lump Sum Entitlement and Election to Forego Lump
Sum. No later than five (5) days following the date of the Change in Control, the Committee shall cause a notice to be sent to all Participants to whom the provisions of this Section A-5 may
apply. Such notice shall be sent in a manner reasonably calculated to be actually and timely received by such Participants, and shall reasonably inform such Participants of the provisions of this Section A-4
and such Participant’s rights and entitlements hereunder. In the event such notice is not timely sent as to a Participant, then at such Participant’ election the lump sum date and the date for electing to forego such lump sum shall be
appropriately adjusted to reflect the time periods that would have applied had such notice been timely sent. 

  
 40EX-10.5

 Exhibit 10.5 

NVENT MANAGEMENT COMPANY 

SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN 

Effective as of April 30, 2018 

 TABLE OF CONTENTS 

 

							
	 Section 1.
	  	 Name of Plan
	  	 	1	 
			
	 Section 2.
	  	 General Definitions
	  	 	1	 
			
	 Section 3.
	  	 Participation, Vesting and Benefit Service, and Rules Governing the Crediting of Service,
Disability and the Determination of Compensation and Final Average Compensation
	  	 	5	 
	 (a)
	  	 Participation
	  	 	5	 
	 (b)
	  	 Vesting
	  	 	6	 
	 (c)
	  	 Benefit Service
	  	 	6	 
	 (d)
	  	 Service Credits
	  	 	7	 
	 (e)
	  	 Disability
	  	 	7	 
	 (f)
	  	 Compensation
	  	 	8	 
			
	 Section 4.
	  	 Payments in the Event of Death Before the Benefit Commencement Date
	  	 	9	 
	 (a)
	  	 General
	  	 	9	 
	 (b)
	  	 Vested Participant
	  	 	9	 
	 (c)
	  	 Amount and Timing of Benefit Payment
	  	 	9	 
	 (d)
	  	 Beneficiary
	  	 	10	 
			
	 Section 5.
	  	 Payment of Retirement Benefits
	  	 	10	 
	 (a)
	  	 General
	  	 	10	 
	 (b)
	  	 Lump Sum
	  	 	10	 
	 (c)
	  	 Re-Employment after Commencement of Benefits
	  	 	10	 
	 (d)
	  	 Death Before End of 180 Month Period
	  	 	10	 
	 (e)
	  	 Beneficiary
	  	 	11	 
	 (f)
	  	 Non-Alienation
	  	 	11	 
	 (g)
	  	 Miscellaneous
	  	 	12	 
			
	 Section 6.
	  	 Confidentiality, Covenants Not to Compete, and
Non-Solicitation
	  	 	12	 
	 (a)
	  	 General
	  	 	12	 
	 (b)
	  	 Forfeiture and Other Remedies
	  	 	13	 
			
	 Section 7.
	  	 Funding and Payment of Benefits
	  	 	14	 
	 (a)
	  	 General
	  	 	14	 
	 (b)
	  	 Employer Company
	  	 	14	 
	 (c)
	  	 Participation by Other Group Members
	  	 	14	 
			
	 Section 8.
	  	 Default
	  	 	14	 
			
	 Section 9.
	  	 Administration of the Plan
	  	 	15	 
	 (a)
	  	 General
	  	 	15	 
	 (b)
	  	 Committee
	  	 	15	 
	 (c)
	  	 Discretion
	  	 	15	 
	 (d)
	  	 Indemnity
	  	 	15	 

  
 i 

							
	 (e)
	  	 Code Section 409A
	  	 	16	 
	 (f)
	  	 Use of Professional Services
	  	 	16	 
	 (g)
	  	 Communications
	  	 	16	 
			
	 Section 10.
	  	 Effect of KEESA
	  	 	16	 
			
	 Section 11.
	  	 Amendment or Termination
	  	 	16	 
	 (a)
	  	 General
	  	 	16	 
	 (b)
	  	 Limitation on Power to Amend or Terminate
	  	 	16	 
	 (c)
	  	 Change in Control
	  	 	17	 
	 (d)
	  	 Continuation of Plan Provisions
	  	 	17	 
			
	 Section 12.
	  	 Claims
	  	 	17	 
	 (a)
	  	 Filing Claims
	  	 	17	 
	 (b)
	  	 Decision on Claim
	  	 	18	 
	 (c)
	  	 Appeal of Denied Claim
	  	 	18	 
	 (d)
	  	 Decision by Appeals Committee
	  	 	18	 
			
	 Section 13.
	  	 Miscellaneous
	  	 	18	 
	 (a)
	  	 Employer’s Rights
	  	 	18	 
	 (b)
	  	 Interpretation
	  	 	18	 
	 (c)
	  	 Withholding of Taxes
	  	 	18	 
	 (d)
	  	 Offset for Amounts Due
	  	 	19	 
	 (e)
	  	 Computational Errors
	  	 	19	 
	 (f)
	  	 Requirement of Proof
	  	 	19	 
	 (g)
	  	 Tax Consequences
	  	 	19	 
	 (h)
	  	 Communications
	  	 	19	 
	 (i)
	  	 Not Compensation Under Other Benefit Plans
	  	 	19	 
	 (j)
	  	 Choice of Law
	  	 	19	 
	 (k)
	  	 Savings Clause
	  	 	20	 
	 (l)
	  	 Change in Control
	  	 	20	 
		
	 SCHEDULE 1
	  	 	21	 
		
	 SCHEDULE 2
	  	 	22	 
		
	 TABLE 1
	  	 	23	 

  
 ii 

 NVENT MANAGEMENT COMPANY 

SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN 

Section 1.    Name of Plan. This plan shall be known as the nVent Management Company Supplemental
Executive Retirement Plan. 
 Section 2.    General Definitions. Unless the context requires
otherwise, when used herein the terms listed below, when capitalized or applied to such capitalized terms, shall have the following meanings: 

(1)    “Adjustment Factor” is the factor used in adjusting the Pension Amount to reflect the period of
time between the date a vested Participant Separates from Service and his or her Benefit Commencement Date. With respect to such a Participant who survives to his or her Benefit Commencement Date and who so separates: 

 

	 	(a)	on or after attaining age fifty-five (55), the Adjustment Factor is 1.03441 (i.e., the Pension Amount is adjusted to reflect the period beginning on the first day of the month next following the month in which the
Participant Separates from Service to the Benefit Commencement Date); or 

  

	 	(b)	before attaining age fifty-five (55), the Adjustment Factor is the appropriate factor set forth in Table 1 to reflect the period beginning on the first day of the month next following the month in which the Participant
Separates from Service and ending on the Benefit Commencement Date. 

(2)    “Administrator” is the Company. 

(3)    “Beneficiary” is a person entitled to receive any benefits payable under the Plan after a former
Participant’s death. 
 (4)    “Benefit Commencement Date” is generally the first day of the first
month as of which a Participant’s Retirement Benefit is payable. For a vested Participant who Separates from Service on or after attaining age fifty-five (55), the Benefit Commencement Date is the first day of the month next following the six
(6)-month anniversary of the date the Participant Separates from Service. For a vested Participant who Separates from Service before attaining age fifty-five (55), the Benefit Commencement Date is the later of the date described in the immediately
preceding sentence and the first day of the month next following the month which includes his or her fifty-fifth (55th) birthday. For a Participant who becomes disabled, the Participant’s Benefit Commencement Date shall be the first day of the
month next following the month in which the Participant’s sixty-fifth (65th) birthday occurs, as provided in Section 3(e). 

(5)    “Benefit Service” is the number of Years of Service, beginning with the calendar year which
includes the individual’s Benefit Service Date, during which an individual completes 1,000 Hours of Service as an Eligible Employee. “Benefit Service” includes any Benefit Service credited for Participants under the Prior Plan
immediately prior to the Effective Date. 

  
 1 

 (6)    “Benefit Service Date” is the date from and after
which an individual may earn Benefit Service. An individual’s Benefit Service Date shall be the date listed on Schedule 1 (which is the “Benefit Service Date” of such Participant as provided under the Prior Plan). 

(7)    “Board” is the Board of Directors of the Parent. 

(8)    “Change in Control” is a change in control as defined in the KEESA. 

(9)    “Code” is the Internal Revenue Code of 1986, as amended. Any reference to a specific provision of
the Code shall be deemed to refer to any successor provision thereto and the regulations promulgated thereunder. 

(10)    “Committee” is the Compensation Committee of the Board. If the Committee is not in existence,
then all references to the Committee herein shall mean the Board. 
 (11)    “Company” is nVent
Management Company or any successor thereto. 
 (12)    “Compensation” is any item or class of
remuneration or part thereof listed or described in the left-hand column of Schedule 2 and not any such items listed or described in the right-hand column of Schedule 2. In the event a remuneration item is not listed or described in Schedule 2, the
Administrator shall determine whether such item is included or excluded from Compensation by taking into account the nature of the item and its similarity to an item which is so listed. “Compensation” includes any Compensation credited for
Participants under the Prior Plan immediately prior to the Effective Date. 
 (13)    “Conversion
Factor” is the factor used to convert the Pension Amount into the Monthly Installment and shall be 113.4. 

(14)    “Covered Termination” is a covered termination, as defined in the KEESA, which entitles the
Participant to a termination payment pursuant to Sections 8 and 9(a) of the KEESA. 

(15)    “Disabled” or “Disability” is a physical or mental condition, resulting from
physical or mental sickness or injury, which prevents the individual from engaging in any substantial gainful activity, and which condition can be expected to last for a continuous period of not less than twelve (12) months. 

(16)    “Effective Date” is April 30, 2018, 2018, the effective date of the consummation of the
separation and distribution of the electrical business into a newly incorporated public company pursuant to the Separation and Distribution Agreement by and between Pentair plc and nVent Electric plc. 

(17)    “Eligible Employee” is an individual who, on or after the Effective Date, is a Participant and
who meets the following requirements: (i) is a full time employee of a Group member, (ii) is a citizen or lawful permanent resident of the United States, and (iii) is either (x) an officer of the Parent appointed by the Board or
(y) the President of a substantial, operating Group member other than the Parent or comparable position (e.g., head of a major operating division of a Group member); provided, however, the Committee may waive prospectively the

  
 2 

 
requirement that an individual be a U.S. citizen or lawful permanent resident and, with respect to such an individual and to the extent otherwise consistent with Plan terms, may modify other
aspects of the Plan if, in the Committee’s sole discretion, such waiver or modification, or both, is appropriate under the circumstances and given tax and other governmental regulatory provisions applicable to such individual and his or her
Employer Company. 
 (18)    “Employer Company” is the Group member which employs a Participant as of
the date the Participant has a Separation from Service or otherwise terminates all Group employment due to death or Disability. 

(19)    “ERISA” is the Employee Retirement Income Security Act of 1974, as amended. Any reference to a
specific provision of ERISA shall be deemed to include any successor provision thereto and the regulations promulgated thereunder. 

(20)    “Final Average Compensation” is the average Compensation determined by averaging Compensation in
those five (5) consecutive calendar years out of the last ten (10) consecutive calendar years, ending with the calendar year which ends coincident with or immediately preceding the date the Participant has a Separation from Service or
otherwise ceases to be an Eligible Employee, whichever occurs first, for which the average Compensation is the highest. For this purpose, service with Pentair, Inc. and its affiliates prior to the Effective Date shall be treated as service under
this Plan. 
 Notwithstanding the immediately preceding paragraph, Final Average Compensation shall not be less than the average
Compensation for the sixty (60) months immediately preceding the date the Participant has a Separation from Service or otherwise ceases to be an Eligible Employee, whichever occurs first, determined as the sum of Compensation in the final
calendar year of such employment plus Compensation in each of the four (4) calendar years preceding the final calendar year of such employment plus a percentage of the Compensation for the entire fifth calendar year preceding the final calendar
year of such employment; such percentage shall be determined as twelve minus the number of full calendar months for which Compensation was payable in the final calendar year of such employment divided by the number of months for which Compensation
was paid in the fifth calendar year preceding the final calendar year of such employment. 
 If the Participant’s relevant Compensation
history is for less than the stated period of time (e.g., less than five (5) years; less than ten (10) years), then such actual period shall be substituted in determining Final Average Compensation (e.g., if the individual has six
(6) years of Compensation history, the high five (5) consecutive years within such six (6) years shall be used in determining the average; if the individual has three (3) years of Compensation history, all such Compensation shall
be used in determining the average). 
 (21)    “Group” is the Company and, except as prescribed by the
Administrator, each other corporation or unincorporated business which is a member of a controlled group of corporations or a group of trades or businesses under common control (within the meaning of Code section 414(b) or (c)) which includes the
Company, but with respect to other business entities during only the periods of such common control with the Company. 

  
 3 

 (22)    “Hour of Service” is each hour which an individual
is paid or entitled to payment from a Group member for (i) the performance of duties as its employee and (ii) reasons related to such employment but other than for the performance of duties, such as vacation, illness, jury duty, military
duty or leave of absence other than (x) payments made or due under a plan maintained solely to comply with worker’s compensation, unemployment compensation, or disability insurance laws, or (y) payments made solely for reimbursement
of medical or medically related expenses; provided, however, no more than 501 Hours of Service shall be credited under clause (ii) immediately preceding for any single continuous period during which no duties as such an employee are performed.
An individual shall not receive duplicate Hour of Service credits for the same period of service or absence. Hours of Service credited to a Participant under the Prior Plan for the period from January 1, 2018 through the Effective Date shall be
counted as Hours of Service hereunder. 
 Regardless of the actual number of Hours of Service completed during a year, in determining
whether 1,000 Hours of Service have been completed during a calendar year an individual shall be credited with forty-five (45) Hours of Service for each calendar week the individual is otherwise credited with an Hour of Service pursuant to the
immediately preceding paragraph. 
 (23)     “KEESA” is the Key Executive Employment and Severance
Agreement, if any, in effect for the Participant. 
 (24)     “Monthly Installment” is a monthly
payment, commencing as of the Participant’s Benefit Commencement Date, payable for one hundred eighty (180) consecutive months, and shall be determined by dividing the Participant’s Pension Amount by the Conversion Factor, with such
monthly payment rounded to the nearest whole dollar amount. 
 (25)    “Parent” is nVent Electric plc,
an Irish company, or any successor thereto. 
 (26)    “Participant” is an employee of a Group Member
who was a Participant in the Prior Plan immediately prior to the Effective Date. Such an individual will remain a Participant, except as provided in Section 3, until the first to occur of his or her death, Disability, or Separation from
Service; provided, however, if the individual has a non-forfeitable right to a Retirement Benefit as of the date he or she incurs such an event (determined without regard to the forfeiture provision of
Section 6(b) unless such section has been actually enforced as to such individual), then absent death the individual shall remain a Participant until the individual has received his or her entire Retirement Benefit or the Retirement Benefit has
been forfeited as provided for in Section 6(b). 
 (27)    “Participation Date” is a
Participant’s “Participation Date” as provided under the Prior Plan. 
 (28)    “Pension
Amount” is an amount equal to the Participant’s Final Average Compensation multiplied by fifteen percent (15%) multiplied by the Participant’s Benefit Service, with such amount then multiplied by the Adjustment Factor if the
Participant Separates from Service and survives to his or her Benefit Commencement Date. 

  
 4 

 (29)    “Plan” is the retirement plan herein described. When
this term is modified by or with reference to a certain date (e.g., Plan as in effect before year XXXX), it shall refer to the Plan as described in the Plan document in effect for the period referenced. 

(30)    “Prior Plan” is the Pentair, Inc. Supplemental Executive Retirement Plan, as in effect
immediately prior to the Effective Date. 
 (31)    “Retirement Benefit” is the monthly retirement
benefit payable under the Plan as the Monthly Installment. 
 (32)     “Spouse” is an individual whose
marriage to a Participant is recognized under the laws of the United States (or any one of the states) and who is considered the Participant’s spouse by the Internal Revenue Service for purposes of the Code. 

(33)    “Separates from Service” or “Separation from Service” is the termination of
employment as an employee, from all business entities that comprise the Group, for reasons other than death or Disability. A Participant will be deemed to have incurred a Separation from Service when the level of bona fide services performed by the
Participant for the Group permanently decreases to a level equal to twenty percent (20%) or less of the average level of services performed by the Participant for the Group during the immediately preceding
thirty-six (36) month period (or such lesser period of service). Notwithstanding the foregoing, a Participant on a bona fide leave of absence from the Group shall be considered to have incurred a
Separation from Service no later than the six (6) month anniversary of the absence (or twenty-nine (29) months in the event of an absence due to a medically determinable physical or mental impairment which can be expected to result in
death or can be expected to last for a continuous period of not less than six (6) months, where such impairment causes the Participant to be unable to perform the duties of his or her position or a substantially similar position) or the end of
such longer period during which the individual has the right by law or agreement to return to employment upon the expiration of the leave. Notwithstanding the foregoing, if following the Participant’s termination of employment from the Group
the Participant becomes a non-employee director or becomes or remains a consultant to the Group, then the date of the Participant’s Separation from Service may be delayed until the Participant ceases to
provide services in such capacity to the extent required by Code section 409A. 
 (34)    “Year of
Service” is a calendar year in which an individual completes 1,000 Hours of Service. “Year of Service” includes any Years of Service credited for Participants under the Prior Plan immediately prior to the Effective Date. 

Section 3.    Participation, Vesting and Benefit Service, and Rules Governing the Crediting of Service,
Disability and the Determination of Compensation and Final Average Compensation. 
 (a)    Participation.

 (1)    General. The primary purpose of the Plan is to provide supplemental retirement benefits to Participants,
including benefits accrued for such individuals under the Prior Plan as of the Effective Date. It is intended that such employees constitute a select group of management or highly paid employees, within the meaning of ERISA section 201(2), of the
Group. 

  
 5 

 Because the Plan is described in ERISA section 201(2), and other ERISA provisions corresponding
thereto, certain provisions of ERISA do not apply to it and the benefits earned thereunder, including the provisions of Parts 2, 3, and 4 of Title I of ERISA relating to participation and vesting, funding, and fiduciary responsibilities,
respectively. In addition, the Plan is not a tax-qualified plan under the Code, and thus the Plan and benefits paid hereunder are not subject to certain rules which apply to benefits payable under such
qualified plans including the annual compensation and benefit limits under Code sections 401(a)(17) and 415, respectively, and the manner in which a Participant’s or Beneficiary’s Plan benefits are subject to income tax. 

(2)    Participants. The Participants and their Participation and Benefit Service Dates are listed on Schedule 1.

 (b)    Vesting. 

(1)    General. Except as otherwise expressly provided herein, all benefits otherwise payable under the Plan to or
with respect to a Participant shall be forfeited if the Participant has a Separation from Service before completing five (5) Years of Service. 

(2)    Death or Disability. A Participant who dies or becomes Disabled while employed by a Group member shall be
fully vested in his or her Retirement Benefit. 
 (3)    Automatic Acceleration of Vesting. If a Participant has
a Covered Termination under his or her KEESA, then immediately before such termination the Participant shall be considered fully vested in his or her Retirement Benefit. 

(4)    Other Forfeiture. Notwithstanding the foregoing provisions of this Section 3(b), except as otherwise
provided under the Plan, all benefits otherwise payable under the Plan to or with respect to a Participant or former Participant shall be subject to forfeiture to the extent provided in Section 6(b). 

(c)    Benefit Service. (1) Benefit Service Date. The Benefit Service Date of each Participant shall be the
date listed on Schedule 1 for such individual and such date may precede the individual’s Participation Date. 

(2)    Benefit Service. An individual who ceases to be a Participant by reason of death while an Eligible Employee
shall be considered to have completed a Year of Service in the year of death for purposes of determining the Benefit Service earned by such individual, regardless of the actual Hours of Service credited for such year. 

(3)    Benefit Service Upon a Covered Termination. If a Participant incurs a Covered Termination, then immediately
before such termination the Participant shall be credited with additional Years of Service for determining Benefit Service equal to the lesser of (i) three (3) and (ii) the greater of (x) seven (7) minus the Benefit Service credited
to such Participant under the Plan, determined without regard to this Section 3(c)(3), as of the first day of the Plan 

  
 6 

 
Year beginning immediately after such termination and (y) zero (0). The Benefit Service provided for by this Section 3(c)(3) shall be in addition to a Participant’s Benefit Service
under the Plan determined without regard to this Section 3(c)(3). 
 (d)    Service Credits. 

(1)    General. Subject to other Plan provisions, a Participant’s Years of Service shall be based upon the
completion of 1,000 Hours of Service during a calendar year. 
 (2)    No Vesting Service Before Participation
Date. No Year of Service completed before the calendar year which includes an individual’s Participation Date shall be considered for purposes of applying Section 3(b)(1). 

(3)    Non-Duplication of Service Credit. In no event shall a Participant
be credited for more than one (1) Year of Service with respect to any one (1) calendar year. In the event service credit for a period must be provided under the Plan by reason of applicable law (e.g., USERRA) and such credit duplicates
service credit otherwise provided under the Plan, then the service crediting provision which is most beneficial to the Participant under the circumstances shall be applied but without duplication of service credit for the same period. 

(4)    Leaves of Absence. In the sole discretion of the Committee, a Participant may be granted service credit for
a period of absence from active employment due to illness, personal circumstances, or such other events as the Committee may authorize under the circumstances and in such amount, manner or type of service credit as the Committee deems appropriate
under the circumstances, but in no event shall such service credit duplicate any such credit otherwise provided under the Plan for the same period or extend beyond the date the Participant Separates from Service. 

(5)    Break in Service. Except as determined in the discretion of the Committee, if a Participant Separates from
Service before he or she has a nonforfeitable right to a Retirement Benefit by reason of Section 3(b)(1) and thereafter returns to employment as an Eligible Employee, all service credits earned prior to such termination shall be ignored and the
individual’s service credits shall be determined as if he or she had not been previously employed by any Group member. 

(6)    Transfer. If an individual becomes a Participant and subsequently, and without a Separation from Service, is
employed with a Group member as other than an Eligible Employee, then upon the occurrence of such event the individual shall cease all active participation under the Plan (e.g., he or she will no longer accrue benefits under the Plan). Such an
individual shall continue to be covered by the Plan with respect to determining his or her vesting rights and for purposes of applying Plan provisions related to the payment of nonforfeitable benefits. 

(e)    Disability. 

(1)    General. This Section describes a special service credit and other rules which apply to a Participant who
becomes Disabled before age sixty-five (65) and while he or she is an Eligible Employee (i.e., a “Disabled Participant”). In no event shall a Participant be 

  
 7 

 
considered Disabled until and unless he or she supplies all information and takes all acts (e.g., submits to medical examinations) reasonably requested by the Administrator to establish the fact
of his or her Disability. 
 (2)    Credit for Benefit Service. A Disabled Participant shall receive credit for
Benefit Service during the Disability period. This service credit shall be determined, without duplication of other service credit provided under the Plan for the same period, based upon the complete whole years (with fractional years being rounded
to the nearest whole year) which elapse during the Disability period. The Disability period shall begin on the date of Disability as determined by the Administrator, taking into account any applicable waiting period (e.g., end of short-term
disability period) prescribed by the Administrator for this purpose, and shall end on the earliest of (i) the date the Participant is no longer Disabled or is considered not to be Disabled, (ii) the date the Disabled Participant attains
age sixty-five (65), and (iii) the date of the Participant’s death. 
 (3)    Final Average
Compensation. A Participant’s Final Average Compensation, determined as of the beginning of the Disability period, shall not change during the Disability period. If a Disabled Participant recovers from the Disability before attaining age
sixty-five (65) and returns to employment as an Eligible Employee, Final Average Compensation shall be determined as otherwise provided under the Plan and by assuming the Participant’s Compensation during the Disability period was equal to
the Participant’s Final Average Compensation as of the beginning of the Disability period. 
 (4)    Payment of
Disability Benefit. A Disabled Participant shall be entitled to a Retirement Benefit commencing as of the first day of the calendar month next following the Participant’s attainment of age sixty-five (65), even if such individual recovers
from such Disability prior to such date. 
 (5)    Death During the Disability Period. If a Disabled Participant
dies during the Disability period or the Disability Period ends by reason of attainment of age sixty-five (65) and the Disabled Participant dies before benefits commence, a death benefit shall be paid after such Disabled Participant’s
death to the extent provided in Section 4. 
 (6)    Proof of Disability. The Administrator shall determine
whether and when a Participant is Disabled and may adopt such rules and procedures as it deems appropriate for this purpose. Once a Participant is determined to be Disabled, the Administrator may require the Participant to verify that he or she
remains Disabled, and such verification may include requiring the Participant to submit to one or more medical examinations. If a Participant fails to supply information or take action as requested by the Administrator in order to determine whether
the Participant is or remains Disabled, the Participant shall not be considered Disabled or shall be considered to have recovered from the Disability, as the case may be, except that in no event shall benefits commence prior to the
Participant’s age sixty-five (65). 
 (f)    Compensation. 

(1)    General. Compensation, and thereby Final Average Compensation, shall be determined solely with respect to
such remuneration earned from and after a Participant’s 

  
 8 

 
Benefit Service Date and during the period of employment as an Eligible Employee (including periods of employment as an Eligible Employee under the Prior Plan). Subject to the provisions of
Section 3(d)(6), in the event a Participant is employed with a Group member after ceasing to be an Eligible Employee, the Administrator shall determine the Compensation allocable to periods of such employment in each capacity in such manner as
it deems reasonable in its sole discretion under the circumstances (e.g., allocation of incentive bonuses for the year in which an individual ceases to be an Eligible Employee). 

(2)    Determination. The amount of Compensation, and thereby Final Average Compensation, shall be as determined
from the books and records of the employing Group member (or, if applicable for an Effective Date Participant, the books and records of Pentair, Inc.) and shall be determined on the basis of when the Compensation is paid to the Participant;
provided, however, items of Compensation or portions thereof may be determined on the basis of when the item is earned (in which case the item or portion shall not be again counted as an item or portion of Compensation when paid) by the Participant
if and to the extent the Administrator determines such treatment is appropriate under the circumstances (e.g., including incentive bonuses earned during the final year of employment as Compensation before such bonus is actually paid; including an
amount deferred at the election of the Participant as Compensation when it otherwise would have been paid but for such election). 

Section 4.    Payments in the Event of Death Before the Benefit Commencement Date. 

(a)    General. This Section describes the pre-retirement death benefit
payable under the Plan to a Beneficiary under circumstances where an individual, who was a Participant immediately before his or her death, dies before the Benefit Commencement Date. 

(b)    Vested Participant. No death benefit shall be payable pursuant to this Section 4 unless the deceased
former Participant had a non-forfeitable interest in his or her Retirement Benefit (determined without regard to the forfeiture provision of Section 6(b) unless such section has been actually enforced as
to such individual) as of the date of death or as a consequence of such death (e.g., death while in service with a Group member); provided, however, such a Participant who otherwise had such a non-forfeitable
interest shall not be considered to have had such an interest if he or she is subsequently determined to have forfeited such benefit as provided for in Section 6(b), even if such action or determination is made after such Participant’s
death. 
 (c)    Amount and Timing of Benefit Payment. 

(1)    General. Except as otherwise provided herein, the benefit payable to the Beneficiary shall be determined by
multiplying the Participant’s Pension Amount, determined as of the end of the month which includes the date of death and as if the Participant had not died, by the appropriate factor from Table 1 to reflect the period, if any, beginning on the
first day of the calendar month next following the calendar month in which the Participant died and ending on the later of the first day of the third calendar month next following the calendar month of such Participant’s death and the first day
of the calendar month immediately following the calendar month in which such Participant, had he or she survived, would have attained age fifty-five (55). 

  
 9 

 (2)    Lump Sum. The death benefit provided under this Section 4
shall be paid to the Beneficiary in a lump sum within ninety (90) days following the date of the Participant’s death. 

(d)    Beneficiary. The identity of the Beneficiary and the rules with respect to the payment of benefits to such
Beneficiary shall be as provided in Section 5. 
 Section 5.    Payment of Retirement Benefits.

 (a)    General. The Participant shall be responsible for providing such information as the Administrator
deems appropriate or useful for processing the payment of the Retirement Benefit. Unless and only to the extent there is a good faith dispute over the right to the Retirement Benefit or the amount due (and reasonable corresponding efforts to resolve
same), the Retirement Benefit shall be paid commencing as of the Benefit Commencement Date based on the information reasonably available to the Administrator. If there is a delay in the actual commencement of the Retirement Benefit past the Benefit
Commencement Date, the Benefit Commencement Date shall not change and the Participant shall be entitled to receive those benefits which would have been paid on or after such date, but for the delay, but without interest thereon. 

(b)    Lump Sum. Notwithstanding anything herein to the contrary, the Retirement Benefit shall be paid to the
Participant in a lump sum on the Benefit Commencement Date if the Pension Amount payable hereunder is $150,000 or less as of the Benefit Commencement Date. 

(c)    Re-Employment after Commencement of Benefits. 

(1)    General. If a Participant has commenced receiving a Retirement Benefit and subsequent to such commencement
again becomes an employee of a Group member, then payment of such benefit shall not cease during the period of re-employment by reason of such re-employment. 

(2)    Additional Benefit. In the event the Participant so returns to employment as an Eligible Employee, the
Retirement Benefit and Section 4 death benefit payable, if any, for the period of such re-employment shall be determined and paid as if the Participant had no prior service with a Group member except all
of such a Participant’s Years of Service, whether earned before or after such re-employment, shall be aggregated for purposes of applying Section 3(b)(1). 

(d)    Death Before End of 180 Month Period. 

(1)    Death After the Benefit Commencement Date. If a Participant to whom the Retirement Benefit is being paid dies
after the Benefit Commencement Date and before the end of the one hundred eighty (180) month period over which such benefit is payable, the monthly benefit for the balance of such period shall continue to be paid to such Participant’s
Beneficiary. 
 (2)    Others. The benefit payable after the death of any former Participant not described in
paragraph (1) immediately preceding shall be determined under Section 4. 

  
 10 

 (e)    Beneficiary. 

(1)    General. Except as otherwise limited by paragraph (2) immediately following, a Participant may at any
time and without the consent of any other person designate a Beneficiary, or change any such prior designation, entitled to receive any Plan benefits payable after the Participant’s death. No such purported designation shall be effective unless
it is made in such form and manner as prescribed by the Administrator. No person shall be recognized as a Beneficiary unless and until such person provides such information or certifications as required under the circumstances by the Administrator.
If there is a delay in the payment of the death benefit to the Beneficiary past the date otherwise provided under the Plan (e.g., there is a delay in determining the person entitled to receive such benefits), the Beneficiary shall be entitled to
receive the benefit which would have been paid to such Beneficiary on or after such date, but for the delay, but without interest thereon. The last Beneficiary designation made by a Participant under the Prior Plan prior to the Effective Date, if
any, shall automatically apply under this Plan on the Effective Date. 
 (2)    Married Participants. The sole
primary Beneficiary of (i) a Participant or former Participant who has a Spouse as of such Participant’s Benefit Commencement Date or (ii) a former Participant with respect to whom a benefit is payable under Section 4, and who is
survived by a Spouse, shall be such Spouse. In the event such Spouse (x) waives the right to be the sole primary beneficiary of the Participant in such form and manner as prescribed by the Administrator, (y) does not survive such
Participant under the circumstances described in clause (i) immediately preceding or (z) does not survive the one hundred eighty (180) month term certain period over which such benefits are payable, such Participant’s Beneficiary
with respect to any benefits payable after such Participant’s death shall be determined as otherwise provided in this Section 5(e) without regard to this paragraph (2). 

(3)    Default Takers. If a Participant or former Participant fails to make a valid beneficiary designation, makes
such a designation but is not survived by any of the persons named as a primary or contingent beneficiary, makes such a designation but the beneficiary named does not survive the period over which the benefits are paid and no other designated
beneficiary is then entitled to the share of such deceased beneficiary, or makes such a designation but such designation does not effectively dispose of all benefits payable after such Participant’s death, then, and to the extent such benefits
are payable after such Participant’s death, all such benefits shall be paid to the executor or personal representative of such Participant’s estate or, if there is no such person, then in accordance with the laws of intestate succession of
the jurisdiction in which such Participant was domiciled as of the date of death. 
 (f)    Non-Alienation. Except as otherwise provided under the Plan or as required under applicable law, unless otherwise determined by the Administrator, no right or benefit under this Plan shall be subject in any
manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, or charge, and any attempt to anticipate, alienate, sell, transfer, assign, pledge, encumber, or charge the same shall be void, and no such right or benefit shall
be in any manner liable for or subject to the debts, contracts, liabilities, engagements, or torts of any person entitled to such right or benefit, and no such right or benefit shall be subject to garnishment, attachment, execution, or levy of any
kind. 

  
 11 

 (g)    Miscellaneous. 

(1)    Payment on Behalf of Incompetent Participants or Beneficiaries. If the Administrator shall determine a
Participant or Beneficiary entitled to a distribution hereunder is incapable of caring for his or her own affairs because of illness or otherwise, it may direct that any Plan benefit payments be made in such shares as it shall determine, to the attorney-in-fact, Spouse, child, parent or other blood relative of such Participant or Beneficiary, or any of them, or to such other person or persons as the Administrator may
determine, until such date as it shall determine such incapacity no longer exists; provided, however, the exercise of this discretion shall not cause an acceleration or delay in the time of payment of Plan benefits except to the extent, and only for
the duration of, the time reasonably necessary to resolve such matters or otherwise protect the interests of the Plan and the Company. The Administrator shall be under no obligation to see to the proper application of the payments so made to such
person or persons and any such payment shall be a complete discharge of any liability under the Plan to such Participant or Beneficiary, to the extent of such distribution. 

(2)    Mailing and Lapse of Payments. All payments under the Plan shall be delivered in person or mailed to the
last address supplied to the Administrator by the Participant or Beneficiary, as the case may be. If after reasonable inquiry the Administrator cannot locate the person entitled to the Plan benefits, then payment of such benefits shall be suspended.
If such person is thereafter located, however, then such suspension shall immediately cease and the person shall be entitled to receive all benefits he or she would otherwise have been entitled to receive under the Plan but for such suspension, but
without interest thereon. 
 (3)    Overpayment. If the benefits paid to any person exceed the benefits to which
the person was actually entitled, then to the extent of such excess, and as and when payable, future benefits shall be reduced in such manner as the Administrator deems appropriate or, if such reduction is not possible, the Administrator may
undertake such actions as it deems reasonable to recover the excess. 
 (4)    Address and TIN. Each Participant
or Beneficiary shall be responsible for furnishing the Administrator with his or her correct current address and taxpayer identification number. 

(5)    Requirement of Releases. If in the opinion of the Administrator, any present or former Spouse or dependent
of a Participant or other person shall by reason of the law of any jurisdiction appear to have any bona fide interest in Plan benefits that may become payable to a Participant or with respect to a deceased Participant, or otherwise has asserted such
a claim, the Administrator may direct such benefits be withheld pending receipt of such written releases as it deems necessary to prevent or avoid any conflict or multiplicity of claims with respect to the payment of such benefits, but only to the
extent and for the duration reasonably necessary to resolve such matters or otherwise protect the interests of the Plan and the Company. 

Section 6.    Confidentiality, Covenants Not to Compete, and
Non-Solicitation. 
 (a)    General. Each Participant acknowledges
that as a key executive of the Company or other Group member he or she has become familiar and will continue to be familiar with the 

  
 12 

 
trade secrets, know-how, executive personnel, strategies, other confidential information and data of the Group and its members. Each Participant further
acknowledges that the financial security of the Group and the Parent’s shareholders depends in large part on the efforts of executives like the Participant, and that a basic premise for the Plan is to compensate such individuals for their
efforts in causing the Group to grow and prosper, thereby helping to insure the Group’s financial future for years well beyond the individual’s period of service. Therefore, in consideration of the extension of the Plan to a Participant,
he or she agrees that (i) after Separation from Service or other cessation of employment with all Group members he or she shall not (directly or indirectly), without the Company’s prior written consent, use or disclose to any other person
any confidential information or data concerning the Company or other Group members (including the Parent) or former Group members, and (ii) for a period of three (3) years from such separation or cessation he or she shall not (directly or
indirectly) and without the Company’s prior written consent: 
  

	 	(1)	own, manage, control, participate in, consult with or render services of any kind for any concern which engages in a business which is competitive with any business being conducted, or contemplated being conducted, by
the Group as of the date of such separation or cessation; 

  

	 	(2)	become an employee or agent of any publicly traded corporation or other entity, or any division or subsidiary of such a corporation or entity, where more than 5% of such organization’s business is in competition
with any business being conducted, or contemplated being conducted, by the Group as of the date of Separation from Service or other cessation of employment, unless the annual sales of such organization do not exceed $40 million;

  

	 	(3)	participate in any plan or attempt to acquire the business or assets of the Group or control of the voting stock of any member thereof, or in any manner interfere with the control of the Company or the Parent, whether
by friendly or unfriendly means; or 

  

	 	(4)	induce or attempt to induce any individual to leave the employ of the Company or other Group member or hire any such individual who approaches him or her for employment. 

If at the time of enforcement of the terms of this Section 6, a court shall hold that the duration, scope or area of restriction stated herein are
unreasonable under the circumstances then existing, the Eligible Employee agrees that the maximum duration, scope or area reasonable under such circumstances shall be substituted for the stated duration, scope, or area. 

(b)    Forfeiture and Other Remedies. Upon any breach of the covenants described in this Section, all benefits then
due under the Plan (and all benefits which otherwise would be due under the Plan in the future) to the Participant or his or her beneficiaries shall be forfeited. The covenants described in this Section run in favor of and shall be enforceable by
the Company, the Parent or their respective assigns. The Company or the Parent shall be entitled to all legal and equitable remedies to prevent, cure and compensate for a breach of the covenants described herein, without posting of bond, and all
such remedies shall be in addition to such forfeiture. By 

  
 13 

 
accepting coverage under the Plan, each Participant acknowledges and agrees that his or her breach of the covenants described in this Section 6 will result in irreparable harm to the Company
or the Parent. Therefore, to remedy or prevent such a breach the Company or the Parent shall be entitled to enjoin the Participant from taking or failing to take such actions as will or which may be reasonably considered to cause such a breach,
including an injunction to prevent the Participant from breaching the terms of this Section 6. 

Section 7.    Funding and Payment of Benefits. 

(a)    General. The Plan is an unfunded deferred compensation arrangement. No Group member shall establish or is
required to establish any trust to fund benefits provided under the Plan, and no such member shall establish or is required to establish any type of earmarking or segregation of its assets to provide for such benefits. In the event of default of a
Group member’s obligations hereunder, each Participant and his or her beneficiaries shall have no greater entitlements or security than does a general creditor of the Group member. 

(b)    Employer Company. Except as otherwise expressly provided herein, the Employer Company shall pay or provide
for the payment of benefits hereunder. If the Employer Company does not timely pay such benefits, then the sole recourse of the claimant Participant or Beneficiary is against such Employer Company and no other member of the Group shall be
responsible to pay or provide for the payment of such benefits or be liable for the nonpayment thereof. 

(c)    Participation by Other Group Members. A member of the Group may join in this Plan by adopting a written
resolution of its board of directors, and delivering such resolution to the Administrator. Any Group member, other than the Company, may end its participation under the Plan by a written resolution of its board of directors delivered to the
Committee, provided, however, that no such resolution ending participation shall be effective until thirty (30) days after it is received by the Administrator. By agreeing to join in the Plan, each Group member agrees to pay or provide for the
payment of benefits hereunder to those Participants and their beneficiaries with respect to whom such member is the Employer Company. No such member, other than the Company, shall have any power or authority to terminate, amend, administer, modify,
or interpret the Plan, all such powers being reserved to the Administrator and the Committee. 

Section 8.    Default. Should the Employer Company fail to pay when due any benefit under the Plan to
or with respect to a Participant or Beneficiary and such failure to pay continues for a period of sixty (60) days from receipt of a written notice of nonpayment from the affected Participant or Beneficiary, the Employer Company shall be in
default hereunder and shall pay to the Participant or Beneficiary the benefits past due and, by the end of the year next following the year incurred, the reasonable costs of collection of any such amount, including reasonable attorney’s fees
and costs, so long as such costs are submitted by or on behalf of the Participant or Beneficiary to reasonably allow that timely reimbursement; provided, however, if the Administrator in good faith disputes the amount of such benefit due or whether
a person is entitled to such a benefit, then to the extent and duration of such a dispute the Employer Company shall not be considered in default hereunder; provided further, however, upon a Change in Control a Participant for whom and while a
Covered Termination may occur, shall be entitled to payment or reimbursement of such costs of collection as provided under Section 13(l). 

  
 14 

 Section 9.    Administration of the Plan. 

(a)    General. The Company, through its designated officers and agents, shall be the Administrator and thereby
handle the day-to-day administration of the Plan and such other administrative duties as are allocated to the Administrator under the Plan. All such administrative
duties and powers shall be performed by and rest in the Company’s chief human resources officer (or persons designated by such individual). Except as otherwise provided under the Plan, the Administrator shall: 

 

	 	(1)	determine the rights and benefits of individuals and other persons under the Plan; 

  

	 	(2)	interpret, construe, and apply the provisions of the Plan; 

  

	 	(3)	process and direct the payment of Plan benefits; 

  

	 	(4)	adopt such forms as it deems appropriate or desirable to administer the Plan and pay benefits thereunder; and 

  

	 	(5)	adopt such rules and procedures as it deems appropriate or desirable to administer the Plan. 

(b)    Committee. The Committee shall exercise such powers as are allocated to it under the Plan and shall be
empowered to direct other persons as to Plan administration, and its directions shall be followed to the extent consistent with the powers delegated to the Committee and not otherwise contrary to the provisions of the Plan. 

(c)    Discretion. In exercising their powers and duties under this Section, and their other powers and duties
granted under the Plan, the Committee and the Administrator and each member or delegate thereof is granted such discretion as is appropriate or necessary to carry out such duties and powers. This discretion necessarily follows from the fact that the
Plan does not, and is not intended to, prescribe all rules necessary to administer the Plan or anticipate all circumstances or events which may arise in the course of such administration. 

(d)    Indemnity. No member of the Committee or person acting on behalf of the Administrator shall be subject to
any liability with respect to the performance of his or her duties under the Plan or a related document unless he or she acts fraudulently or in bad faith. The Company shall indemnify and hold harmless the members of the Committee and the
Company’s officers and employees, and the officers and employees of another Group member, from any liability with respect to the performance of their duties under the Plan, unless such duties were performed fraudulently or in bad faith. Such
indemnification shall cover any and all reasonable attorneys’ fees and expenses, judgments, fines and amounts paid in settlement, but only to the extent such amounts are actually and reasonably incurred, not otherwise paid or reimbursable under
an applicable employer paid insurance policy, and not duplicative of other payments made or reimbursements due by the Company or its affiliates under other indemnity agreements. 

  
 15 

 (e)    Code Section 409A. The Plan shall be
administered, and the Administrator and the Committee shall exercise their discretionary authority under the Plan, in a manner consistent with Code section 409A and Treasury Regulations and other applicable guidance thereunder. Any permissible
discretion to accelerate or defer a Plan payment under such Regulations, the power which to exercise is not otherwise described expressly in the Plan, shall be exercised by the Committee. Any other discretion with respect to, or which directly or
indirectly impact, the application of Code section 409A, the exercise of which is not expressly lodged in the Committee, shall be exercised by the Administrator. In the event the matter over which such discretion may be exercised relates to a
Committee member or a delegate of the Administrator, or such member or delegate is otherwise unable to freely exercise such discretion, such member or delegate shall not take part in the deliberations and decisions regarding that matter. 

(f)    Use of Professional Services. The Administrator and the Committee may obtain the services of such attorneys,
accountants, record keepers or other persons as it deems appropriate, any of whom may be the same persons who are providing services to the Company or other Group member. In any case in which the Administrator and the Committee utilizes such
services, it shall retain exclusive discretionary authority and control over the administration and operation of the Plan. 

(g)    Communications. Requests, claims, appeals, and other communications related to the Plan shall be in writing
and shall be made by transmitting the same via the U.S. Mail to the Company’s chief human resources officers, at the Company’s corporate headquarters address. 

Section 10.    Effect of KEESA. If a Participant incurs a Covered Termination, then as or with respect
to that Participant: 
  

	 	(i)	notwithstanding the provisions of Section 6, the scope or duration (or both) of such Participant’s covenants under Section 6 shall be no greater or longer than similar covenants provided for in such
Participant’s KEESA and, to the extent there are no such similar covenants in such Participant’s KEESA, then Section 6 shall be void and of no force and effect; and 

 

	 	(ii)	in the case of any conflict between the terms and provisions of this Plan and the terms and provisions of such Participant’s KEESA, the terms of such Participant’s KEESA shall control to the extent more
beneficial to such Participant, and the obligations of the Company under such KEESA shall be in addition to any of its obligations under the Plan. 

Section 11.    Amendment or Termination. 

(a)    General. This Plan may be terminated or amended, in whole or in part, at any time by written resolution of
the Board of Directors of the Company. Any such action may apply to the Plan as a whole, or any individual Participant or group of Participants. Except as provided in Section 11(b) and (c), any such action may reduce or eliminate (retroactively
or prospectively, or both) any benefits under the Plan that otherwise would be payable but for such action. 

(b)    Limitation on Power to Amend or Terminate. (1) Vested Participants. As to any Participant who has
earned a non-forfeitable Retirement Benefit (determined without regard to 

  
 16 

 Section 6) before the date the Plan is amended or terminated (or, if later, before the date such action is
effective), no such amendment or termination shall (without the specific written consent of the Participant): 
  

	 	(i)	reduce the Retirement Benefit earned by the Participant; 

  

	 	(ii)	reduce the amount of Retirement Benefit then being paid to a Participant; or 

  

	 	(iii)	terminate, amend, or otherwise change the liability of the Company, Employer Company, or other person to pay or provide for the payment of Retirement Benefits protected under clauses (i) and (ii) immediately
preceding. 

 (2)    Beneficiaries. As to any former Participant who has died before the date the
Plan is amended or terminated (or, if later, before the date such action is effective), no such amendment or termination shall (without the specific written consent of such Participant’s Beneficiary): 

 

	 	(i)	reduce the amount of Plan benefits to which such Beneficiary is entitled or change the form in which benefits are payable; or 

  

	 	(ii)	terminate, amend, or otherwise change the liability of the Company, Employer Company, or other person to pay or provide for the payment of benefits protected under clause (i) immediately preceding.

 (c)    Change in Control. In addition to the limitations described in Section 11(b), upon a
Change in Control and with respect to a Participant for whom a Covered Termination has or may occur, then without the specific written consent of the Participant (or Beneficiary in the event of the Participant’s death), the Plan as in existence
immediately prior to the Change in Control may not be (directly or indirectly) terminated, amended, or otherwise changed in any substantive respect during the three year period beginning with the date of the Change in Control, but only with respect
to such individual. The prohibition herein described shall apply to any action which affects or is intended to affect the terms and provisions of the Plan as then in effect during such three year period, regardless of when made or effective. 

(d)    Continuation of Plan Provisions. To the extent that any Plan benefits, and rights and obligations allocable
thereto, are protected under Section 11(b) and (c), then as to the persons described in Section 11(b) and (c) the Plan shall continue in force and effect, as if no such amendment or termination had occurred, until such benefits are
fully paid or fully provided for to such persons. 
 Section 12.    Claims. 

(a)    Filing Claims. A Participant or Beneficiary (or a person who in good faith believes he or she is a
Participant or Beneficiary, i.e., a “claimant”) who believes he or she has been wrongly denied benefits under the Plan may file a written claim for benefits with the Administrator. Although no particular form of written claim is required,
no such claim shall be considered unless it provides a reasonably coherent explanation of the claimant’s position. 

  
 17 

 (b)    Decision on Claim. The Administrator shall in writing approve
or deny the claim within sixty (60) days of receipt, provided that such sixty (60) day period may be extended for reasonable cause by notifying the claimant. If the claim is denied, in whole or in part, the Administrator shall provide
notice in writing to the claimant, setting forth the following: 
  

	 	(1)	the specific reason or reasons for the denial; 

  

	 	(2)	a specific reference to the pertinent Plan provisions on which the denial is based; 

  

	 	(3)	a description of any additional material or information necessary for the claimant to perfect the claim and an explanation of why such material is necessary; and 

 

	 	(4)	the steps to be taken if the claimant wishes to appeal the decision to the Committee. 

(c)    Appeal of Denied Claim. (1) Filing Appeals. A claimant whose claim has been denied in whole or in
part may appeal such denial to the Committee by filing a written appeal with the Administrator within sixty (60) days of the date of the denial. A decision of the Administrator which is not appealed within the time herein provided shall be
final and conclusive as to any matter which was presented to the Administrator. 
 (2)    Rights on Appeal. A
claimant (or a claimant’s duly authorized representative) who appeals the Administrator’s decision shall, for the purpose of preparing such appeal, have the right to review any pertinent Plan documents, and submit issues and comments in
writing to the Committee. 
 (d)    Decision by Appeals Committee. The Committee shall make a final and full
review of any properly appealed decision of the Administrator within sixty (60) days after receipt of the appeal, provided that such period may be extended for reasonable cause by notifying the claimant. The Committee’s decision shall be
in writing and shall include specific reasons for its decisions and specific references to the pertinent Plan provisions on which its decision is based. 

Section 13.    Miscellaneous. 

(a)    Employer’s Rights. The right of a Group member to discipline or discharge employees or to
exercise rights related to the tenure of employment shall not be adversely affected in any manner by reason of the existence of the Plan or any action hereunder. 

(b)    Interpretation. Section and subsection headings are for convenient reference only and shall not be deemed to
be part of the substance of this instrument or in any way to enlarge or limit the contents of any Section or subsection. Masculine gender shall include the feminine, and vice versa, and singular shall include the plural, and vice versa, unless the
context clearly requires otherwise. 
 (c)    Withholding of Taxes. All benefits earned under the Plan or the
payment of such benefits, as the case may be, shall be subject to withholding for federal, state, local and other taxes as required by law. If and to the extent any such withholding is required before such benefits are paid to the Participant or
Beneficiary, such withholdings shall be made from 

  
 18 

 
amounts otherwise payable to such person by a Group member (e.g., salary). If no such other amounts are available to satisfy such withholdings, the Company may reduce the Participant’s
Retirement Benefit by the amount needed to pay the Participant’s portion of such tax, plus, with respect to a distribution for FICA taxes, an amount equal to the withholding taxes due under federal, state or local law resulting from the payment
of such FICA tax, and an additional amount to pay the additional income tax at source on wages attributable to the pyramiding of the section 3401 wages and taxes, but no greater than the aggregate of the FICA amount and the income tax withholding
related to such FICA amount. 
 (d)    Offset for Amounts Due. A Participant’s Retirement Benefit may be
reduced by one or more offsets to repay any amounts then due and owing by the Participant to a Group member, unless another means of repayment is agreed to by the Administrator. Except for the right to immediate offset by reduction of the vested
Pension Amount for an amount up to $5,000, or such higher amount as allowed in Treasury Regulations under Code section 409A or other applicable guidance, no such offset shall be made before an amount is scheduled to be paid to the Participant or
Beneficiary and the amount then offset shall not exceed the amount that would be then otherwise paid. 

(e)    Computational Errors. In the event mathematical, accounting, actuarial or other errors are made in
administration of the Plan, the Administrator may make equitable adjustments, which adjustments may be retroactive, to correct such errors. Such adjustments shall be conclusive and binding on all Participants and Beneficiaries. 

(f)    Requirement of Proof. In discharging their duties and responsibilities under the Plan, the Administrator and
the Committee may require proof of any matter concerning this Plan, and no person shall acquire any rights or be entitled to receive any benefits under this Plan until such proof is furnished. 

(g)    Tax Consequences. Neither the Company nor any other Group member represents or guarantees that any
particular federal, foreign, state or local income, payroll, or other tax consequence will result from participation in this Plan or payment of benefits under the Plan. 

(h)    Communications. The Administrator shall prescribe the forms of communication, including forms for benefit
application and the like, with respect to the Plan as it deems appropriate. Any such communication and assent or consent thereto may be handled by electronic means. 

(i)    Not Compensation Under Other Benefit Plans. No amounts paid or payable to a Participant under the Plan shall
be deemed to be salary or compensation for purposes of any other employee benefit plan of the Company or any other Group member except as and to the extent otherwise specifically provided in such other plan. 

(j)    Choice of Law. To the extent not preempted by ERISA or any other federal statute, the construction and
interpretation of the Plan shall be governed by the laws of the State of Minnesota, without reference to conflict of law principles thereof. 

  
 19 

 (k)    Savings Clause. Should any valid federal or state law or final
determination of any agency or court of competent jurisdiction affect any provision of this Plan, the Plan provisions not affected by such determination shall continue in full force and effect. 

(l)    Change in Control. A Participant, with a KEESA in effect at the time of a Change in Control, shall be
entitled to adjudicate any dispute regarding his or her benefits or rights and entitlements under the Plan, after compliance to the extent necessary with the claim procedures under Section 12, in the forums and venues as provided in
Section 22 of the KEESA, and shall be entitled to payment or reimbursement of costs and expenses related to such adjudication as provided in Section 15 of the KEESA. 

 
  

The undersigned, by the authority of the Board of Directors of nVent Management Company, does hereby approve the form and content of this Plan
document. 
  

									
	Dated:	 	  
	 		 		 	
                     
                    

  
 20 

 SCHEDULE 1 

Participant 
  

							
	 Name
	  	 Current Position
	  	 Participation

Date
	  	 Benefit

Service Date

	Beth Wozniak	  	Chief Executive Officer	  	9/14/15	  	9/14/15

  
 21 

 SCHEDULE 2 

 

	
	
Items Included

	 Base salary or wages, including such salary or wages deferred at the election of an individual under the Pentair, Inc. Non-Qualified Deferred Compensation Plan
  
 401(k)
plan before-tax and after-tax employee contributions

	
	Section 125 plan (flexible benefit plan) pre-tax employee contributions
	
	Employee Stock Purchase and Bonus Plan employer bonus contributions
	
	Management Incentive Plan (or successor plan) bonus, including such bonus deferred at the election of an individual under the Pentair, Inc. Non-Qualified Deferred Compensation Plan
	
	Holiday pay
	
	Sick leave pay
	
	Bereavement pay
	
	Jury duty pay
	
	Military pay
	
	Gain-sharing payments
	
	Profit-sharing payments
	
	Short-term disability benefits
	
	Perquisites

	
	 Items
Excluded

	Cash payments made and property or rights in property other than cash granted under or pursuant to the Omnibus Stock Incentive Plan or successor plan
	
	Special awards under the Management Incentive Plan or successor plan
	
	Severance pay
	
	Moving expense reimbursements
	
	Employee business expense reimbursements
	
	Tuition reimbursement
	
	Adoption assistance payments
	
	Computer hardware and software purchase reimbursements
	
	Special cash awards
	
	Foreign duty pay enhancements
	
	Except as expressly provided in the column immediately to the left, amounts contributed to (e.g., deferred salary) or received under or pursuant to non-qualified deferred compensation
arrangements including, but not limited to, the Pentair, Inc. Non-Qualified Deferred Compensation Plan
	
	Except as expressly provided in the column immediately to the left, all contributions (other than after-tax employee contributions) to and all benefits received under a tax-qualified plan

 
 

  
 22 

 TABLE 1 
  

																																					
	 Deferral
 Percent

(in months)
	  	Adjustment
Factor	 	  	Deferral
Percent
(in months)	  	Adjustment
Factor	 	  	Deferral
Percent
(in months)	  	Adjustment
Factor	 	  	Deferral
Percent
(in months)	  	Adjustment
Factor	 	  	Deferral
Percent
(in months)	 	  	Adjustment
Factor	 	  	Deferral
Percent
(in months)	  	Adjustment
Factor	 
	 0
	  	 	1.00000	 	  	60	  	 	1.40255	 	  	120	  	 	1.96715	 	  	180	  	 	2.75903	 	  	 	240	 	  	 	3.86968	 	  	300	  	 	5.42743	 
	 1
	  	 	1.00565	 	  	61	  	 	1.41048	 	  	121	  	 	1.97827	 	  	181	  	 	2.77463	 	  	 	241	 	  	 	3.89156	 	  	301	  	 	5.45812	 
	 2
	  	 	1.01134	 	  	62	  	 	1.41846	 	  	122	  	 	1.98946	 	  	182	  	 	2.79032	 	  	 	242	 	  	 	3.91357	 	  	302	  	 	5.48898	 
	 3
	  	 	1.01706	 	  	63	  	 	1.42648	 	  	123	  	 	2.00071	 	  	183	  	 	2.80610	 	  	 	243	 	  	 	3.93570	 	  	303	  	 	5.52002	 
	 4
	  	 	1.02281	 	  	64	  	 	1.43454	 	  	124	  	 	2.01202	 	  	184	  	 	2.82196	 	  	 	244	 	  	 	3.95795	 	  	304	  	 	5.55123	 
	 5
	  	 	1.02859	 	  	65	  	 	1.44265	 	  	125	  	 	2.02340	 	  	185	  	 	2.83792	 	  	 	245	 	  	 	3.98033	 	  	305	  	 	5.58262	 
	 6
	  	 	1.03441	 	  	66	  	 	1.45081	 	  	126	  	 	2.03484	 	  	186	  	 	2.85396	 	  	 	246	 	  	 	4.00283	 	  	306	  	 	5.61418	 
	 7
	  	 	1.04026	 	  	67	  	 	1.45901	 	  	127	  	 	2.04634	 	  	187	  	 	2.87010	 	  	 	247	 	  	 	4.02547	 	  	307	  	 	5.64592	 
	 8
	  	 	1.04614	 	  	68	  	 	1.46726	 	  	128	  	 	2.05791	 	  	188	  	 	2.88633	 	  	 	248	 	  	 	4.04823	 	  	308	  	 	5.67785	 
	 9
	  	 	1.05205	 	  	69	  	 	1.47556	 	  	129	  	 	2.06955	 	  	189	  	 	2.90265	 	  	 	249	 	  	 	4.07112	 	  	309	  	 	5.70995	 
	 10
	  	 	1.05800	 	  	70	  	 	1.48390	 	  	130	  	 	2.08125	 	  	190	  	 	2.91906	 	  	 	250	 	  	 	4.09413	 	  	310	  	 	5.74223	 
	 11
	  	 	1.06398	 	  	71	  	 	1.49229	 	  	131	  	 	2.09302	 	  	191	  	 	2.93557	 	  	 	251	 	  	 	4.11728	 	  	311	  	 	5.77470	 
	 12
	  	 	1.07000	 	  	72	  	 	1.50073	 	  	132	  	 	2.10485	 	  	192	  	 	2.95216	 	  	 	252	 	  	 	4.14056	 	  	312	  	 	5.80735	 
	 13
	  	 	1.07605	 	  	73	  	 	1.50922	 	  	133	  	 	2.11675	 	  	193	  	 	2.96886	 	  	 	253	 	  	 	4.16397	 	  	313	  	 	5.84019	 
	 14
	  	 	1.08213	 	  	74	  	 	1.51775	 	  	134	  	 	2.12872	 	  	194	  	 	2.98564	 	  	 	254	 	  	 	4.18752	 	  	314	  	 	5.87321	 
	 15
	  	 	1.08825	 	  	75	  	 	1.52633	 	  	135	  	 	2.14076	 	  	195	  	 	3.00252	 	  	 	255	 	  	 	4.21119	 	  	315	  	 	5.90642	 
	 16
	  	 	1.09441	 	  	76	  	 	1.53496	 	  	136	  	 	2.15286	 	  	196	  	 	3.01950	 	  	 	256	 	  	 	4.23500	 	  	316	  	 	5.93981	 
	 17
	  	 	1.10059	 	  	77	  	 	1.54364	 	  	137	  	 	2.16503	 	  	197	  	 	3.03657	 	  	 	257	 	  	 	4.25895	 	  	317	  	 	5.97340	 
	 18
	  	 	1.10682	 	  	78	  	 	1.55237	 	  	138	  	 	2.17728	 	  	198	  	 	3.05374	 	  	 	258	 	  	 	4.28303	 	  	318	  	 	6.00717	 
	 19
	  	 	1.11307	 	  	79	  	 	1.56114	 	  	139	  	 	2.18959	 	  	199	  	 	3.07101	 	  	 	259	 	  	 	4.30725	 	  	319	  	 	6.04114	 
	 20
	  	 	1.11937	 	  	80	  	 	1.56997	 	  	140	  	 	2.20197	 	  	200	  	 	3.08837	 	  	 	260	 	  	 	4.33160	 	  	320	  	 	6.07530	 
	 21
	  	 	1.12570	 	  	81	  	 	1.57885	 	  	141	  	 	2.21442	 	  	201	  	 	3.10583	 	  	 	261	 	  	 	4.35609	 	  	321	  	 	6.10965	 
	 22
	  	 	1.13206	 	  	82	  	 	1.58778	 	  	142	  	 	2.22694	 	  	202	  	 	3.12340	 	  	 	262	 	  	 	4.38072	 	  	322	  	 	6.14419	 
	 23
	  	 	1.13846	 	  	83	  	 	1.59675	 	  	143	  	 	2.23953	 	  	203	  	 	3.14106	 	  	 	263	 	  	 	4.40549	 	  	323	  	 	6.17893	 
	 24
	  	 	1.14490	 	  	84	  	 	1.60578	 	  	144	  	 	2.25219	 	  	204	  	 	3.15882	 	  	 	264	 	  	 	4.43040	 	  	324	  	 	6.21387	 
	 25
	  	 	1.15137	 	  	85	  	 	1.61486	 	  	145	  	 	2.26493	 	  	205	  	 	3.17668	 	  	 	265	 	  	 	4.45545	 	  	325	  	 	6.24900	 
	 26
	  	 	1.15788	 	  	86	  	 	1.62399	 	  	146	  	 	2.27773	 	  	206	  	 	3.19464	 	  	 	266	 	  	 	4.48064	 	  	326	  	 	6.28433	 
	 27
	  	 	1.16443	 	  	87	  	 	1.63317	 	  	147	  	 	2.29061	 	  	207	  	 	3.21270	 	  	 	267	 	  	 	4.50598	 	  	327	  	 	6.31987	 
	 28
	  	 	1.17101	 	  	88	  	 	1.64241	 	  	148	  	 	2.30356	 	  	208	  	 	3.23087	 	  	 	268	 	  	 	4.53146	 	  	328	  	 	6.35560	 
	 29
	  	 	1.17764	 	  	89	  	 	1.65169	 	  	149	  	 	2.31659	 	  	209	  	 	3.24913	 	  	 	269	 	  	 	4.55708	 	  	329	  	 	6.39154	 
	 30
	  	 	1.18429	 	  	90	  	 	1.66103	 	  	150	  	 	2.32969	 	  	210	  	 	3.26750	 	  	 	270	 	  	 	4.58284	 	  	330	  	 	6.42767	 
	 31
	  	 	1.19099	 	  	91	  	 	1.67042	 	  	151	  	 	2.34286	 	  	211	  	 	3.28598	 	  	 	271	 	  	 	4.60876	 	  	331	  	 	6.46402	 
	 32
	  	 	1.19772	 	  	92	  	 	1.67987	 	  	152	  	 	2.35610	 	  	212	  	 	3.30456	 	  	 	272	 	  	 	4.63481	 	  	332	  	 	6.50057	 
	 33
	  	 	1.20450	 	  	93	  	 	1.68937	 	  	153	  	 	2.36943	 	  	213	  	 	3.32324	 	  	 	273	 	  	 	4.66102	 	  	333	  	 	6.53732	 
	 34
	  	 	1.21131	 	  	94	  	 	1.69892	 	  	154	  	 	2.38282	 	  	214	  	 	3.34203	 	  	 	274	 	  	 	4.68737	 	  	334	  	 	6.57428	 
	 35
	  	 	1.21816	 	  	95	  	 	1.70853	 	  	155	  	 	2.39630	 	  	215	  	 	3.36093	 	  	 	275	 	  	 	4.71388	 	  	335	  	 	6.61146	 
	 36
	  	 	1.22504	 	  	96	  	 	1.71819	 	  	156	  	 	2.40985	 	  	216	  	 	3.37993	 	  	 	276	 	  	 	4.74053	 	  	336	  	 	6.64884	 
	 37
	  	 	1.23197	 	  	97	  	 	1.72790	 	  	157	  	 	2.42347	 	  	217	  	 	3.39904	 	  	 	277	 	  	 	4.76733	 	  	337	  	 	6.68643	 
	 38
	  	 	1.23894	 	  	98	  	 	1.73767	 	  	158	  	 	2.43717	 	  	218	  	 	3.41826	 	  	 	278	 	  	 	4.79429	 	  	338	  	 	6.72424	 
	 39
	  	 	1.24594	 	  	99	  	 	1.74750	 	  	159	  	 	2.45095	 	  	219	  	 	3.43759	 	  	 	279	 	  	 	4.82140	 	  	339	  	 	6.76226	 
	 40
	  	 	1.25299	 	  	100	  	 	1.75738	 	  	160	  	 	2.46481	 	  	220	  	 	3.45703	 	  	 	280	 	  	 	4.84866	 	  	340	  	 	6.80049	 
	 41
	  	 	1.26007	 	  	101	  	 	1.76731	 	  	161	  	 	2.47875	 	  	221	  	 	3.47657	 	  	 	281	 	  	 	4.87607	 	  	341	  	 	6.83894	 
	 42
	  	 	1.26719	 	  	102	  	 	1.77731	 	  	162	  	 	2.49276	 	  	222	  	 	3.49623	 	  	 	282	 	  	 	4.90364	 	  	342	  	 	6.87761	 
	 43
	  	 	1.27436	 	  	103	  	 	1.78735	 	  	163	  	 	2.50686	 	  	223	  	 	3.51600	 	  	 	283	 	  	 	4.93137	 	  	343	  	 	6.91650	 
	 44
	  	 	1.28156	 	  	104	  	 	1.79746	 	  	164	  	 	2.52103	 	  	224	  	 	3.53588	 	  	 	284	 	  	 	4.95925	 	  	344	  	 	6.95561	 
	 45
	  	 	1.28881	 	  	105	  	 	1.80762	 	  	165	  	 	2.53529	 	  	225	  	 	3.55587	 	  	 	285	 	  	 	4.98729	 	  	345	  	 	6.99493	 
	 46
	  	 	1.29610	 	  	106	  	 	1.81784	 	  	166	  	 	2.54962	 	  	226	  	 	3.57598	 	  	 	286	 	  	 	5.01549	 	  	346	  	 	7.03448	 
	 47
	  	 	1.30343	 	  	107	  	 	1.82812	 	  	167	  	 	2.56404	 	  	227	  	 	3.59619	 	  	 	287	 	  	 	5.04385	 	  	347	  	 	7.07426	 
	 48
	  	 	1.31080	 	  	108	  	 	1.83846	 	  	168	  	 	2.57853	 	  	228	  	 	3.61653	 	  	 	288	 	  	 	5.07237	 	  	348	  	 	7.11426	 
	 49
	  	 	1.31821	 	  	109	  	 	1.84885	 	  	169	  	 	2.59311	 	  	229	  	 	3.63698	 	  	 	289	 	  	 	5.10105	 	  	349	  	 	7.15448	 
	 50
	  	 	1.32566	 	  	110	  	 	1.85931	 	  	170	  	 	2.60778	 	  	230	  	 	3.65754	 	  	 	290	 	  	 	5.12989	 	  	350	  	 	7.19493	 
	 51
	  	 	1.33316	 	  	111	  	 	1.86982	 	  	171	  	 	2.62252	 	  	231	  	 	3.67822	 	  	 	291	 	  	 	5.15889	 	  	351	  	 	7.23562	 
	 52
	  	 	1.34069	 	  	112	  	 	1.88039	 	  	172	  	 	2.63735	 	  	232	  	 	3.69902	 	  	 	292	 	  	 	5.18806	 	  	352	  	 	7.27653	 
	 53
	  	 	1.34827	 	  	113	  	 	1.89102	 	  	173	  	 	2.65226	 	  	233	  	 	3.71993	 	  	 	293	 	  	 	5.21740	 	  	353	  	 	7.31767	 
	 54
	  	 	1.35590	 	  	114	  	 	1.90172	 	  	174	  	 	2.66726	 	  	234	  	 	3.74097	 	  	 	294	 	  	 	5.24690	 	  	354	  	 	7.35904	 
	 55
	  	 	1.36356	 	  	115	  	 	1.91247	 	  	175	  	 	2.68234	 	  	235	  	 	3.76212	 	  	 	295	 	  	 	5.27656	 	  	355	  	 	7.40065	 
	 56
	  	 	1.37127	 	  	116	  	 	1.92328	 	  	176	  	 	2.69750	 	  	236	  	 	3.78339	 	  	 	296	 	  	 	5.30640	 	  	356	  	 	7.44250	 
	 57
	  	 	1.37903	 	  	117	  	 	1.93416	 	  	177	  	 	2.71276	 	  	237	  	 	3.80478	 	  	 	297	 	  	 	5.33640	 	  	357	  	 	7.48458	 
	 58
	  	 	1.38682	 	  	118	  	 	1.94509	 	  	178	  	 	2.72809	 	  	238	  	 	3.82629	 	  	 	298	 	  	 	5.36657	 	  	358	  	 	7.52690	 
	 59
	  	 	1.39467	 	  	119	  	 	1.95609	 	  	179	  	 	2.74352	 	  	239	  	 	3.84793	 	  	 	299	 	  	 	5.39692	 	  	359	  	 	7.56946	 

  
 23

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00282-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00282-of-00352.parquet"}]]