Document:

EX-10.13

 Exhibit 10.13 

FORM OF 
 VONTIER
CORPORATION AND ITS AFFILIATED ENTITIES 
 AGREEMENT REGARDING COMPETITION AND PROTECTION OF PROPRIETARY INTERESTS 

Vontier Corporation (“Vontier”) believes that recruiting and retaining the best people to work in its highly competitive businesses
means treating them fairly, rewarding their contributions, and thereby establishing a strong partnership for our collective well-being and continued success. Working at Vontier and/or any of its affiliates provides associates with specialized and
unique knowledge and confidential information and access to key business relationships, which, if used in competition with Vontier and/or its affiliates, would cause harm to Vontier and/or its affiliates. As such, it is reasonable to expect a
commitment from our associates that protects the legitimate business interests of Vontier and its affiliates, and therefore, their own interests. Please read and sign this Agreement in the spirit intended: our collective long-term growth and
success. 
 I understand that I am or will be employed by or enter into a relationship with Vontier, including its subsidiaries and/or
affiliates (collectively the “Company”), and will learn and have access to the Company’s confidential, trade secret, and proprietary information and key business relationships. I understand that the products and services that
the Company develops, provides, and markets are unique. Further, I know that my promises in this Agreement are an important way for the Company to protect its proprietary interests. 

I agree that the Company is engaged in a business which is highly specialized, the identity and particular needs of Company’s customers
and vendors are not generally known, and the documents and information regarding, among other things, the Company’s employees and talent, the Company’s Business System, customers, vendors, services, products, technology, formulations,
methods of operation, sales, marketing, pricing, and costs are highly confidential and proprietary. 
 I acknowledge and agree that I have
been given an adequate period of time to consider this Agreement and to have this Agreement reviewed at my expense and by an attorney of my choice regarding the terms and legal effect of this Agreement. I have read this Agreement and understand all
of its terms and conditions and am entering into this Agreement of my own free will without coercion from any source. I have not and am not relying on legal advice provided by the Company or any personnel of the Company. 

I agree the above recitals are material terms of this Agreement. 

In addition to other good and valuable consideration, I am expressly being given employment, continued employment, a relationship with the
Company, renewal of a relationship with the Company, a promotion, eligibility to receive grants and/or receipt of stock options or other equity awards, compensation, benefits, training and/or trade secrets and confidential information of the Company
and its or their customers, suppliers, vendors or affiliates to which I would not have access but for my relationship with the Company in exchange for my agreeing to the terms of this Agreement, including the
non-competition restriction in Section 5. In consideration of the foregoing, which I acknowledge and agree is fair and reasonable consideration for the promises I make in this Agreement, I agree as
follows: 
 1. Definitions. For the purposes of this Agreement, the following terms shall have the following meanings, except as
otherwise set forth in Section 29 of this Agreement. 
 (a) “Competing Products” means
(i) products or services similar to or competitive with the products or services sold by the Company for which I had any responsibility during the Pre-Termination Period and (ii) products or services
similar to or competitive with any prospective product or service the Company took steps to develop and for which I had any responsibility during the Pre-Termination Period. 

(b) “Confidential Information” means any information (in whatever form and whether or not recorded in any media and
whether or not it constitutes a trade secret) which is not generally known to the public, and which (a) is generated or collected by or utilized in the operations of the Company and relates to the actual or anticipated business or research or
development of the Company or the Company’s actual or prospective vendors or customers; or (b) is suggested by or results from any task assigned to me by the Company or work performed by me 

 for or on behalf of the Company or any customer of the Company. Confidential Information shall not be
considered generally known to the public if revealed improperly to the public by me or others without the Company’s express written consent and/or in violation of an obligation of confidentiality to the Company. Examples of Confidential
Information include, but are not limited to, customer and supplier identification and contacts, information about customers, Voice of the Customer data, reports or analyses, business relationships, contract terms, pricing, price lists, pricing
formulas, margins, business plans, projections, prospects, opportunities or strategies, acquisitions, divestitures or mergers, marketing plans, advertising or promotions, financial data (including but not limited to the revenues, costs, or profits,
associated with any products or services), business and customer strategy, techniques, formulations, technical information, technical know-how, formulae, production information, inventions, invention
disclosures, discoveries, drawings, invention methods, systems, information regarding all or any portion of the Vontier Business System, lease structure, processes, designs, plans, architecture, prototypes, models, software, source code, object
code, solutions, Talent Reviews and Organizational Plans, research and development, copyrights, patent applications, and plans or proposals related to the foregoing. 

(c) “Development” means any idea, formula, invention, discovery, design, drawing, process, method, technique, device,
improvement, computer program and related documentation, whether patentable or non- patentable, technical and non-technical data, work of authorship, trade secret,
copyright, trademark, service mark, trademark registration, application for trademark registration, and patent or patent application. 

(d) “Pre-Termination Period” means the 24 months preceding the termination of
my employment or relationship with the Company. 
 (e) “Restricted Customer” means a customer or potential customer
of the Company (i) with whom I dealt on behalf of the Company during the Pre-Termination Period; (ii) whose dealings with the Company I coordinated or supervised during the Pre-Termination Period; (iii) about whom I obtained Confidential Information during the Pre-Termination Period; or (iv) who received products or services that
resulted in compensation, commissions, or earnings for me during the Pre-Termination Period. 

(f) “Restricted Period” means, as used in Section 5 below, the period of time during my employment or
relationship with the Company and for a period of 12 months thereafter and, as used in Sections 6, 7, and 8 below, the period of time during my employment or relationship with the Company and for a period of 24 months thereafter. For purposes of
Section 5 of this Agreement, the Restricted Period shall be extended to two (2) years following termination of my employment or relationship with the Company if I breach my fiduciary duties to the Company and/or commit an unlawful taking,
physically or electronically, of property belonging to the Company. 
 (g) “Restricted Person” means an employee or
independent contractor of the Company, or any person who was an employee or independent contractor of the Company during the six months preceding the termination of my employment or relationship with the Company, who possesses or had access to
Confidential Information of the Company. 
 (h) “Restricted Territory” means any state, territory, or province
within the United States of America or any other country (or political subdivision thereof) (i) in which I performed services for the Company during the Pre-Termination Period; (ii) over which I had
sales or management responsibilities for the Company during the Pre-Termination Period; (iii) in which the Company employed or engaged personnel I directly or indirectly supervised or managed during the Pre-Termination Period; or (iv) about which I had access to Confidential Information during the Pre-Termination Period. 

2. Best Efforts. I agree that during my employment or relationship with the Company, I will devote my best efforts to the performance of
my duties and the advancement of the Company and shall not engage in any other employment, profitable activities, or other pursuits which would cause me to disclose or utilize the Company’s Confidential Information, or reflect adversely on the
Company. This obligation shall include, but is not limited to, obtaining the Company’s consent prior to performing tasks for customers of the Company outside of my customary duties for the Company and prior to giving speeches or writing
articles, blogs, or posts about the business of the Company, refraining from improperly using the name of the Company, and refraining from identifying my association or position with the Company in a manner that reflects unfavorably upon the
Company. I further agree that I will not use, incorporate, or otherwise create any business entity or organization or domain name using any 

  
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name confusingly similar to the name Vontier Corporation, Fortive Corporation or the name of any affiliate of Vontier, Fortive or any other name under which any such entities does business.
Further, I understand and agree that during my employment or work relationship and the restricted time periods thereafter designated in this Agreement, while I may gather information to investigate other employment opportunities, I understand and
agree that I shall not make plans or prepare to compete, solicit or take on activities which are in violation of this Agreement. 
 3.
Protection of Confidential Information. At all times during and after the termination of my employment or relationship with the Company, I will not, without the Company’s prior written permission, directly or indirectly for any
purpose other than performance of my duties for the Company or as set forth in Section 10 below, utilize or disclose to anyone outside of the Company any Confidential Information, or any information received by the Company in confidence from or
about third parties, as long as such matters remain trade secrets or confidential. 
 4. Return of Property and Copying. I agree that
all tangible materials (whether originals or duplicates), including but not limited to, notebooks, computers, files, reports, proposals, price lists, lists of actual or potential customers or suppliers, talent lists, formulae, prototypes, tools,
equipment, models, specifications, technical data, methodologies, research results, test results, financial data, contracts, agreements, correspondence, documents, computer disks, software, computer printouts, information stored electronically,
memoranda, and notes, in my possession or control which in any way relate to the Company’s business and which are furnished to me by or on behalf of the Company or which are prepared, compiled or acquired by me while working with or employed by
the Company shall be the sole property of the Company. I will at any time upon the request of the Company and in any event promptly upon termination of my employment or relationship with the Company, but in any event no later than two
(2) business days after such termination, deliver all such materials to the Company and will not retain any originals or copies of such materials, whether in hard copy form or as computerized and/or electronic records. Except to the extent
approved by the Company or required by my bona fide job duties for the Company, I also agree that I will not copy or remove from the Company’s place of business or the place of business of a customer of the Company, property or information
belonging to the Company or the customer or entrusted to the Company or the customer. In addition, I agree that I will not provide any such materials to any competitor of or entity seeking to compete with the Company unless specifically approved in
writing by the Company. 
 5. Noncompetition. Without limiting my obligations under Section 2 of this Agreement, I agree that,
during the Restricted Period, I will not directly or indirectly, on behalf of myself or in conjunction with any other person, company or entity: (a) own or control any company or entity (other than less than 3% ownership in a publicly traded
company) that sells Competing Products in the Restricted Territory; or (b) work in the Restricted Territory for any person, company, or entity that sells Competing Products in any role that involves: (i) selling, or assisting others in
selling, Competing Products; (ii) developing or implementing strategies to compete with the Company with respect to Competing Products; (iii) directly or indirectly supervising or managing employees or other personnel who compete with the
Company with respect to Competing Products; (iv) participating in the planning, research, or development of Competing Products; (v) utilizing or disclosing Confidential Information; or (vi) engaging in duties or responsibilities that
are related to Competing Products and that are similar to those I performed for the Company during the Pre-Termination Period. 

6. Non-Solicitation of Customers. Without limiting my obligations under Sections 2 and 5 of this
Agreement, I agree that, during the Restricted Period, I will not directly or indirectly, on behalf of myself or in conjunction with any other person, company or entity: (a) solicit or participate in soliciting any Restricted Customer for
Competing Products; (b) offer, provide or sell or participate in offering, providing or selling Competing Products to a Restricted Customer; or (c) utilize or reveal confidential contract or relationship terms with any Restricted Customer.

 7. Non-Solicitation of Employees and Contractors. Without limiting my obligations under
Sections 2 and 5 of this Agreement, I agree that, during the Restricted Period, I will not directly or indirectly, on behalf of myself or in conjunction with any other person, company or entity: (a) solicit or recruit any Restricted Person to
obtain employment with a person, company, or entity that sells Competing Products in the Restricted Territory, (b) hire or attempt to hire a Restricted Employee for a person, company or entity that sells Competing Products, (c) interfere
with the performance by any such persons of their duties for the Company; or (d) communicate with any Restricted Person for the purposes described in Section 7(a), (b), and (c). 

  
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 8. Non-Interference with Vendors. Without
limiting my obligations under Sections 2 and 5 of this Agreement, I agree that, during the Restricted Period, I will not directly or indirectly, on behalf of myself or in conjunction with any other person, company or entity: (a) interfere with
or assist any third party in interfering with, the relationship of the Company with any vendor utilized by the Company at any time during the Pre-Termination Period; or (b) utilize or reveal confidential
contract or relationship terms with any vendor used by the Company at any time during the Pre-Termination Period. 

9. Non-Disparagement. Except as set forth in Section 10 below, I agree that during and after
my employment or relationship with the Company ends for any reason, I will not make any false, disparaging or derogatory statement(s) to any media outlet, industry group, financial institution, current or former employee, consultant, client or
customer of the Company, or any other entity or person, which are adverse to the interests, products, services or personnel of the Company or its and their customers or vendors. I further agree that I will not take any action that may reasonably
cause the Company, its customers or its vendors embarrassment or humiliation, and I will not otherwise directly or indirectly cause the Company, its customers or its vendors to be held in disrepute. 

10. Limitations on Confidentiality and Non-Disparagement. The confidentiality and non-disparagement provisions in this Agreement do not prohibit me from reporting violations of federal or state law or regulation to any governmental agency, from providing truthful information in good faith to any
federal or state governmental agency, entity or official investigating an alleged violation of federal or state law or regulation. or from making other disclosures that are protected under applicable law, including, without limitation, the National
Labor Relations Act, the Defend Trade Secrets Act, and any rule or regulation promulgated by the Securities and Exchange Commission (SEC), the National Labor Relations Board (NLRB), the Equal Employment Opportunity Commission (EEOC), or any other
federal, state, or local government agency. I acknowledge that this Agreement does not require me to notify the Company regarding any such reporting, disclosure or cooperation with the government. I also acknowledge and agree that the Company has
provided me with written notice below that the Defend Trade Secrets Act, 18 U.S.C. § 1833(b), provides an immunity for the disclosure of a trade secret to report suspected violations of law and/or in an anti-retaliation lawsuit, as follows:

 (1) An individual shall not be held criminally or civilly liable under any Federal or State trade secret law for the disclosure of a trade
secret that (A) is made (i) in confidence to a Federal, State, or local government official, either directly or indirectly, or to an attorney; and (ii) solely for the purpose of reporting or investigating a suspected violation of law;
or (B) is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. 
 (2) An
individual who files a lawsuit against an employer for retaliation for reporting a suspected violation of law may disclose the trade secret to his or her attorney and use the trade secret information in the court proceeding, if the individual:
(A) files any document containing the trade secret under seal; and (B) does not disclose the trade secret, except pursuant to court order. 

11. Certification / Notice of Post-Employment Activities. I agree not to disclose to the Company, or use in my work for the Company, any
confidential information and/or trade secrets belonging to others, including without limitation, my prior employers, or any prior inventions made by me and which the Company is not otherwise legally entitled to learn of or use. Furthermore, by
executing this Agreement, I certify that I am not subject to any restrictive covenants and/or obligations that would prevent me from fully performing my duties for the Company. I also agree that after my employment or relationship with the Company
terminates, the Company may contact any employer or prospective employer of mine to inform them of my obligations under this Agreement and that, for a period of three (3) years after my employment or relationship with the Company terminates, I
shall affirmatively provide this Agreement to all subsequent employers. If I accept a position with another employer or prospective employer at any time within twelve (12) months following termination of my employment with the Company, I will
promptly give written notice to the Company and will provide the Company with the information it needs about my new position to determine whether such position would likely lead to a violation of this Agreement. 

12. Assignment of Developments. I hereby assign to the Company my entire right, title and interest in any Developments which I may solely
or jointly conceive, write or acquire in whole or in part during the period I am employed by or working for the Company, and for a period of six months thereafter, and which relate in any way to 

  
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the actual or anticipated business or research or development of the Company, or which are suggested by or result from any task assigned to me or work performed by me for or on behalf of the
Company, whether or not such Developments are made, conceived, written or acquired during normal hours of work or using the Company’s facilities, and whether or not such Developments are patentable, copyrightable or susceptible to other forms
of protection. This assignment does not apply to any Development for which no equipment, supplies, facilities or trade secret or Confidential Information of the Company was used, and which was developed entirely on my own time unless (a) the
Development relates directly: (i) to the actual or anticipated business of the Company; or (ii) to the Company’s actual or demonstrably anticipated research or development or (b) the Development results from any work performed by
me for the Company. I acknowledge and agree that any intellectual property right in any Developments and related documentation, and work of authorship, which are created within the scope of my relationship with the Company, are owned solely by the
Company. 
 13. Disclosure of Developments. I will promptly disclose any Developments referred to in Section 12 to the management
of the Company, including by following the Company’s policies and procedures in place from time to time for that purpose, and I will, on the Company’s request, promptly execute a specific assignment of title to the Company and such other
documents as may reasonably be requested by the Company for the purpose of vesting, confirming or securing the Company’s title to the Developments, and I will do anything else reasonably necessary, at the Company’s sole expense, to enable
the Company to secure a patent, trademark registration, copyright or other form of protection thereof in the United States and in other countries even after the termination of my employment or work relationship with the Company. If the Company is
unable, after reasonable effort, to secure my signature or other action, whether because of my physical or mental incapacity or for any other reason, I hereby irrevocably designate and appoint the Company as my duly authorized agent and attorney-in-fact, to act for and on my behalf and stead to execute any such document and take any other such action to secure the Company’s rights and title to the
Developments. 
 14. Prior Developments. I have identified below all Developments in which I have any right, title or interest, and
which were made, conceived or written wholly or in part by me prior to my employment or relationship with the Company and which relate to the actual or anticipated business or research or development of the Company. I represent and warrant that I am
not a party to any agreements which would limit my ability to work for the Company or to assign Developments as provided for in Section 12. 
  

	
	 
	 
	 
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 15. Identification of Third Party Obligations. I acknowledge that the Company from time to time may have
agreements with other persons or with the United States government or agencies thereof, or other governments or governmental agencies, which impose obligations or restrictions on the Company regarding inventions made during the course of work under
such agreements or regarding the confidential nature of such work. I agree to be bound by all such obligations and restrictions that are made known to me and to take all action necessary to discharge the obligations of the Company under such
agreements. 
 16. Injunctive Relief and Attorney’s Fees. In the event of a breach or a threatened breach of this Agreement
by me, I acknowledge and agree that the Company will face irreparable injury which would be difficult to calculate in monetary terms and for which damages would be an inadequate remedy. Accordingly, I agree that the Company shall be entitled, in
addition to remedies otherwise available at law or in equity, to obtain and enforce immediately temporary restraining orders, preliminary injunctions, and final injunctions without the posting of a bond enjoining such breach or threatened breach.
Should the Company successfully enforce any portion of this Agreement before a trier of fact, the Company shall be entitled to receive and recover from me all of its reasonable attorney’s fees, litigation expenses and costs incurred as a result
of enforcing this Agreement against me. Additionally, if permitted by applicable law, any time periods for restrictions set forth in Sections 5, 6, 7 and 8 above will be extended by an amount of time equal to the duration of any time period during
which I am in violation of this Agreement. 

  
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 17. Amendment, Waiver, Severability and Merger. If I executed other written agreements
relating to this subject matter with the Company or with Fortive Corporation or one of its affiliated entities, and/or if I later enter into other written agreements that contain provisions similar to the provisions contained in this Agreement, all
such provisions shall be interpreted to provide the Company with cumulative rights and remedies and the benefits and protections provided to the Company under each such agreement shall be given full force and effect. This Agreement can be revoked or
modified only by a written agreement signed by me and the Company. No waiver of any breach of any provision of this Agreement by the Company shall be effective unless it is in writing and no waiver shall be construed to be a waiver of any succeeding
breach or as a modification of any provision of this Agreement. The provisions of this Agreement shall be severable and if any provision of this Agreement is found by any court to be unenforceable, in whole or in part, the remainder of this
Agreement as well as the provisions of my prior agreement with the Company, if any, regarding the same subject matter as that which was found unenforceable herein shall nevertheless be enforceable and binding on the parties. I also agree that the
trier of fact may modify any invalid, overbroad or unenforceable term of this Agreement so that such term, as modified, is valid and enforceable under applicable law. Further, I acknowledge and agree that I have not, will not and cannot rely on any
representations not expressly made herein. The terms of this Agreement shall not be amended by me or the Company except by the express written consent of the Company and me. The section headings in this Agreement are for convenience of reference and
in no way define, limit or affect the meaning of this Agreement. 
 18. At-Will Employment
Status. I acknowledge and agree that that nothing in this Agreement shall be construed or is intended to create a guarantee of employment, express or implied, for any specific period of time. I acknowledge and agree that this Agreement does
not require me to continue my employment or relationship with the Company for any particular length of time (unless otherwise agreed to in writing as an independent contractor or consultant) and shall not be construed to require the Company to
continue my employment, relationship or compensation for any particular length of time. I acknowledge and agree that if I am employed by the Company it is on an at-will basis to the full extent permitted by
applicable law, which means that the Company and I each have the right to terminate the employment relationship with or without cause or reason, with or without notice or compliance with any procedures. I acknowledge and agree that my knowledge,
skills and abilities are sufficient to enable me, if my employment or relationship with the Company terminates, to earn a satisfactory livelihood without violating this Agreement. 

19. Acknowledgment of Obligations. I acknowledge that my obligations under this Agreement are in addition to, and do not limit, any and
all obligations concerning the same subject matter arising under any applicable law including, without limitation, common law duties of loyalty and common law and statutory law relating to trade secrets. 

20. Obligations Survive Termination. I acknowledge and agree that the restrictions and covenants set forth in this Agreement shall be
binding upon me and survive termination of my employment or relationship with the Company regardless of the reason(s) for such termination. I acknowledge and agree that the Company has an important and legitimate business interest that it is seeking
to protect with this Agreement and that enforcement of this Agreement would not interfere with the interests of the public. 
 21.
Cooperation. I agree to cooperate in the truthful and honest prosecution and/or defense of any third party claim in which the Company may have an interest subject to reasonable limitations concerning time and place, which may include
without limitation making myself available to participate in any proceeding involving the Company, allowing myself to be interviewed by representatives of the Company, appearing for depositions and testimony without requiring a subpoena, and
producing and/or providing any documents or names of other persons with relevant information; provided that, if such services are required after the termination of my employment or relationship with the Company, it shall provide me reasonable
compensation for the time actually expended in such endeavors and shall pay my reasonable expenses incurred at the prior and specific request of the Company. 

22. Assignment and Transfer of Employment or Relationship. The rights and/or obligations herein may only be assigned by the Company, may
be done without my consent, and shall bind and inure to the benefit of the Company, its successors and assigns. If the Company makes any assignment of the rights and/or obligations herein or transfers my employment or relationship within the
Company, I agree that this Agreement shall remain binding upon me. Notwithstanding the language in this Section 22, in connection with and as a condition of any assignment or transfer of my employment or relationship the Company, a successor,
or assignee of the Company shall have the right to terminate this Agreement and require me to sign a new Agreement Regarding Competition and the Protection of Proprietary Interests. 

  
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 23. Change of Position. I acknowledge and agree that any change in my position or title
with the Company shall not cause this Agreement to terminate and shall not effect any change in my obligations under this Agreement. 
 24.
Acceptance. I agree that this Agreement is accepted by me through my original or facsimile signature. I further agree that the Company is deemed to have accepted this Agreement as evidenced by my employment or relationship with the
Company, the payment of wages or monies to me, the provision of benefits to me, or by executing this Agreement. 
 25. Binding Effect.
This Agreement, and the obligations hereunder, shall be binding upon me and my successors, heirs, executors, and representatives and shall inure to the benefit of the Company, its successors and its assigns. 

26. Third Party Beneficiaries. This Agreement is intended to benefit each and every subsidiary, affiliate or business unit of the Company
for which I perform services, for which I have customer contact, or about which I receive Confidential Information and may be enforced by any such entity. I agree and intend to create a direct, consequential benefit to the Company regardless of the
Company entity with which I am affiliated on the last day of my employment or relationship with the Company. 
 27. Governing Law.
Where not superseded by federal law, this Agreement shall be governed by and construed in accordance with the laws of the state in which I resided at the time I executed this Agreement without applying its conflict of laws principles. 

28. Exclusions for Attorneys. If I am an attorney licensed to practice law in any jurisdiction in which the Company conducts business, I
understand and agree that nothing in this Agreement shall be construed as a restriction on my ability to practice law or to otherwise impose any obligation on me that would violate the applicable rules of professional conduct of any jurisdiction in
which I am so licensed, including: (a) as an employee of a competing organization or (b) as an employee, partner, or shareholder of a law firm that represents clients that compete with the Company. I acknowledge that, as a licensed
attorney, I have obligations in addition to those set forth in this Agreement to, among other things, maintain strict confidentiality with respect to information encompassed by the attorney/client privilege or the work product doctrine and that such
obligations continue indefinitely after my employment with the Company ends. This Agreement shall be interpreted and construed in accordance with my obligations as a licensed attorney and applicable rules of professional conduct relating to the
practice of law, and nothing in this Agreement shall be deemed to expand or contract my ethical and professional duties under those rules. 
 29.
Exceptions and Acknowledgments for Certain States. If I reside in any of the states listed below, the following exceptions and acknowledgments shall apply: 

(a) California. If I reside in California, Section 5 shall not apply to me and Sections 6 and 7 shall only apply if I use
or disclose trade secrets per Cal. Bus. & Prof. Code § 16600. 
 (b) Louisiana. If I reside in Louisiana, Sections 5, 6, and 7
shall apply only in the parishes listed in the Louisiana Employee Addendum attached as Attachment A. 
 (c) Idaho. If I reside
in Idaho, I acknowledge and agree that the Company considers me to be a “key employee,” as that term is defined in Idaho. Stat. § 44-2702 and that if I become employed by or affiliated with a
competitor of the Company in violation of this Agreement, it is inevitable that I would disclose the Company’s Confidential Information. 

(d) Massachusetts. If I reside in Massachusetts, I acknowledge that the Company provided me with at least ten (10) business
days to review and sign this Agreement, during which time I had the right to consult with counsel of my choice at my own expense. I further understand and agree that voluntarily signing this agreement before the expiration of ten (10) business
days shall serve as a waiver of the ten (10) day review period. 

  
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 (e) Nebraska. If I reside in Nebraska, Section 5 shall not apply to me
and the types of customers identified in Sections 1(g) and 6 shall only be a “Restricted Customer” if I did business and had personal contact with the customer during the Pre-Termination Period. 

(f) New Hampshire. If I am a new employee of the Company and reside in New Hampshire, I acknowledge that the Company provided me
with a copy of this Agreement prior to or concurrent with making an offer of employment to me. 
 (g) North Dakota. If I
reside in North Dakota, Section 5 shall not apply to me and Section 6 shall only apply if I use or disclose of Trade Secret per N.D. Cent. Code § 9-08-06.

 (h) Oklahoma. If I reside in Oklahoma, Section 5 shall not apply to me and the types of customers identified in
Sections 1(g) and 6 shall only be a “Restricted Customer” if the customer if an established customer of the Company per Okla. Stat. Ann. tit. 15, § 219A, and the phrase “indirectly” in Section 6 shall not apply to me.

 (i) Oregon. If I am a new employee and reside in Oregon, I acknowledge that the Company notified me at least two weeks
before my first day of employment that a noncompetition agreement is required as a condition of employment. I further understand and agree that voluntarily signing this agreement before the expiration of two weeks shall serve as a waiver of the two-week review period. 
 (j) Utah. If I reside in Utah, the assignment of Developments in
Section 12 shall not apply shall apply to any Development that I created entirely on my own time and that was not conceived, developed, reduced to practice or created by me (i) within the scope of my employment for the Company;
(ii) on the Company’s time; or (iii) with the aid, assistance, or use of any of the Company’s property, equipment, facilities, supplies, or resources. 

(k) Washington. If I am a new employee of the Company and reside in Washington, I acknowledge that the Company disclosed the
terms of this Agreement to me in writing no later than the time of my acceptance of an offer of employment with the Company and notified me that, even if this Agreement is deemed to be unenforceable at the time of my hiring, the Agreement may be
enforceable against me in the future due to changes in my compensation. 
 (l) Wisconsin. If I reside in Wisconsin,
Section 3 shall remain in effect during my employment with the Company and for 3 years following the termination of my employment with respect to Confidential Information that is not a trade secret and, with respect to trade secrets, for as
long as the information is a Trade Secret. In addition, Section 7 shall be replaced with the following provision: 
 7. Non-Solicitation of Employees and Contractors. Without limiting my obligations under Sections 2 and 5 of this Agreement, I agree that, during the Restricted Period, I will not directly or indirectly, on
behalf of myself or in conjunction with any other person, company or entity: (a) solicit or recruit any Restricted Person to obtain employment with a person, company, or entity that sells Competing Products in the Restricted Territory in a role
in which the Restricted Person will perform activities or services similar to the activities or services that the Restricted Person performed for the Company in the Pre-Termination Period, (b) interfere
with the performance by any such persons of their duties for the Company; or (c) communicate with any Restricted Person for the purposes described in Section 7(a) and (b). 

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 30. Under Seal. This Agreement is executed under seal. 

Agreed to by: 
  

							
	 Employee
	  		  		  	 Vontier Corporation

				
	 	  		  	By:	  	 
	 Associate Signature
	  		  		  	
				
	 	  		  	 	  	 
	 Associate’s Printed Name
	  		  	 Print Name and Title 

			
	 Date:
                            
	  		  	 Date:
                             

  
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 ATTACHMENT A 

Louisiana Addendum 
 If Employee
resides in the State of Louisiana, Sections 5, 6, and 7 shall apply only in the parishes listed below: 
  

					
	 ☒ Acadia Parish
	  	 ☒ Iberia Parish
	  	 ☒ St. Charles Parish

	 ☒ Allen Parish
	  	 ☒ Iberville Parish
	  	 ☒ St. Helena Parish

	 ☒ Ascension Parish
	  	 ☒ Jackson Parish
	  	 ☒ St. James Parish

	 ☒ Assumption Parish
	  	 ☒ Jefferson Parish
	  	 ☒ St. John Parish

	 ☒ Avoyelles Parish
	  	 ☒ Jefferson Davis Parish
	  	 ☒ St. Landry Parish

	 ☒ Beauregard Parish
	  	 ☒ Lafayette Parish
	  	 ☒ St. Martin Parish

	 ☒ Bienville Parish
	  	 ☒ Lafourche Parish
	  	 ☒ St. Mary Parish

	 ☒ Bossier Parish
	  	 ☒ LaSalle Parish
	  	 ☒ St. Tammany Parish

	 ☒ Caddo Parish
	  	 ☒ Lincoln Parish
	  	 ☒ Tangipahoa Parish

	 ☒ Calcasieu Parish
	  	 ☒ Livingston Parish
	  	 ☒ Tensas Parish

	 ☒ Caldwell Parish
	  	 ☒ Madison Parish
	  	 ☒ Terrebonne Parish

	 ☒ Cameron Parish
	  	 ☒ Morehouse Parish
	  	 ☒ Union Parish

	 ☒ Catahoula Parish
	  	 ☒ Natchitoches Parish
	  	 ☒ Vermilion Parish

	 ☒ Claiborne Parish
	  	 ☒ Orleans Parish
	  	 ☒ Vernon Parish

	 ☒ Concordia Parish
	  	 ☒ Ouachita Parish
	  	 ☒ Washington Parish

	 ☒ DeSoto Parish
	  	 ☒ Plaquemines Parish
	  	 ☒ Webster Parish

	 ☒ East Baton Rouge Parish
	  	 ☒ Pointe Coupee Parish
	  	 ☒ West Baton Rouge Parish

	 ☒ East Carroll Parish
	  	 ☒ Rapides Parish
	  	 ☒ West Carroll Parish

	 ☒ East Feliciana Parish
	  	 ☒ Red River Parish
	  	 ☒ West Feliciana Parish

	 ☒ Evangeline Parish
	  	 ☒ Richland Parish
	  	 ☒ Winn Parish

	 ☒ Franklin Parish
	  	 ☒ Sabine Parish
	  	
	 ☒ Grant Parish
	  	 ☒ St. Bernard Parish
	  	

  
 A-1EX-10.14

 Exhibit 10.14 

 

FORM OF 

VONTIER 
 EXECUTIVE
DEFERRED INCENTIVE PLAN 
 EFFECTIVE [●], 2020 

 VONTIER 

EXECUTIVE DEFERRED INCENTIVE PLAN 

WHEREAS, Fortive Corporation (“Fortive”) sponsors the Fortive Executive Deferred Incentive Program (the “Fortive EDIP”) by
offering deferred compensation to a select group of management and highly compensated employees of Fortive Corporation and its subsidiaries; 

WHEREAS, the Fortive EDIP was previously spun-off from the Danaher Corporation & Subsidiaries
Executive Deferred Incentive Program, effective as of close of the New York Stock Exchange on May 31, 2016, in connection with the spin-off of FTV Employment Services LLC and certain other subsidiaries
from Danaher Corporation; and 
 WHEREAS, Vontier Corporation and certain other subsidiaries of Fortive are intended to spin-off into a separate, unrelated company; 
 WHEREAS, this Vontier Executive Deferred Incentive Plan
(the “Plan”) is established to offer deferred compensation to a select group of management and highly compensated employees of Vontier Corporation and those other companies that are intended to
spin-off into a separate unrelated company (the “Vontier Employees”); 
 WHEREAS, this
Plan is intended to be established as of the close of the New York Stock Exchange on [●], 2020, at which time the Vontier Employees are intended to transfer participation into this Plan from the Fortive EDIP, and any such deferral election and
distribution election under the Fortive EDIP for the transferred participants will continue in effect immediately prior to the transfer will also apply to the Plan; and 

WHEREAS, the benefits due to Vontier Employees under the Fortive EDIP will transfer to the Plan as of the close of the New York Stock Exchange
on [●], 2020, and become an obligation under the Plan, and no further obligation would be due under the Fortive EDIP. 
 NOW,
THEREFORE, in order to accomplish such purpose, the Plan Sponsor has adopted, by appropriate resolutions, this Plan effective as of the close of the New York Stock Exchange on [●], 2020. It is intended that this Plan, together with any Trust
Agreement, shall be unfunded for purposes of the Code and shall constitute an unfunded pension plan maintained for a select group of management and highly compensated employees for purposes of Title I of ERISA, and shall comply with Code
Section 409A (except for such amounts which are grandfathered from the requirements of Code Section 409A) and all formal regulations, rulings, and guidance issued thereunder. 

 ARTICLE I 

DEFINITIONS 
 As used in
this Plan, each of the following terms shall have the respective meaning set forth below unless a different meaning is plainly required by the content. 

1.1 Administrator. The individual or committee appointed by the Plan Sponsor to administer the Plan pursuant to Article V. 

1.2 Applicable Percentage. With respect to a Participant for a Performance Cycle, the applicable percentage determined from the table in
Appendix A depending on the Participant’s Years of Participation as of the Cycle Beginning Date. 
 1.3 Beneficiary. An
individual or entity entitled to receive any benefits under this Plan that are payable upon a Participant’s death. 
 1.4 Benefit
Account. With respect to a Participant, the account maintained on behalf of the Participant to record any Benefit Amounts and Performance Shares credited thereto or forfeited therefrom, any earnings credited thereto and any losses debited
therefrom in accordance with the terms of this Plan. Amounts credited to this account on a Participant’s behalf and any earnings credited thereto and any losses deducted therefrom in accordance with the terms of the Plan, shall be recorded by
Class Year pursuant to Section 9.4. 
 1.5 Benefit Amount. With respect to a Participant for a Performance Cycle, the
Performance Shares credited pursuant to Section 3.3 and any dollar amounts calculated and credited pursuant to Section 3.3. 
 1.6
Bonus. With respect to a Participant for a Plan Year, the amount (if any) of the Participant’s Target Bonus for the Plan Year that shall be determined to have been earned by the Participant in accordance with the Employer’s bonus
program. 
 1.7 Bonus Deferral Amount. With respect to a Participant for a Plan Year, an amount of the Participant’s Target Bonus
or Bonus for the last preceding Plan Year that the Participant has elected to defer pursuant to Section 3.2. 
 1.8
Class Year. Each period commencing on January 1st and ending on December 31st shall be considered a separate “Class Year;” the first Class Year commencing on January 1, 2020 and ending on
December 31, 2020 shall be referred to as the “Class Year 2020;” the second Class Year commencing on January 1, 2021 and ending on December 31, 2021 shall be referred to as the “Class Year 2021;” and
continuing thereafter each January 1st. 
 1.9 Code. The Internal Revenue Code of 1986, as it may be amended from time to time. 

1.10 Common Stock. For the period prior to the Spin-off Date, Common Stock shall refer to the
common stock of Fortive Corporation. For the period on and after the Spin-off Date, Common Stock shall refer to the common stock of Vontier Corporation. 

  
 2 

 1.11 Common Stock Price. With respect to a specified date as of which the price of
shares of Common Stock shall be determined, the closing price on the New York Stock Exchange of one (1) share of Common Stock on the business day last preceding the specified date. Solely for purposes of documenting administrative practice
under the terms of the Plan, in determining the Common Stock Price under this Section 1.11 of the Plan, the terms “closing price on the New York Stock Exchange” and “most recent closing price on the New York Stock Exchange”
shall not be construed to mean the adjusted closing price on the New York Stock Exchange. For purposes of determining the Common Stock Price immediately after the Spin-off Date, the terms in Appendix C
shall apply. 
 1.12 Cycle Beginning Date. With respect to a Performance Cycle, the first (1st) day of the Performance Cycle. 

1.13 Cycle Ending Date. With respect to a Performance Cycle, the last day of the Performance Cycle or, if earlier, the date during the
Performance Cycle as of which this Plan shall terminate. 
 1.14 Danaher EDIP. The Danaher Corporation & Subsidiaries
Executive Deferred Incentive Program. Certain benefits of Participants were transferred from the Danaher EDIP to the Fortive EDIP effective as of close of the New York Stock Exchange on May 31, 2016. 

1.15 Deferral Account. With respect to a Participant, the account (if any) maintained on behalf of the Participant to record the Salary
Deferral Amounts (if any) and Bonus Deferral Amounts (if any) that have been credited on the Participant’s behalf and any earnings credited thereto in accordance with the terms of this Plan. Amounts credited to this account on a
Participant’s behalf and any earnings credited thereto and any losses deducted therefrom in accordance with the terms of the Plan, shall be recorded by Class Year pursuant to Section 9.4. 

1.16 Distributable Amount. With respect to any specified date coincident with or subsequent to the Eligibility Termination Date of a
Participant or a deceased Participant, the balance (if any) as of the specified date in the Participant’s Distribution Account (subsequent to any crediting thereof pursuant to Section 3.5 as of such Eligibility Termination Date). 

1.17 Distribution Account. With respect to a Participant, the account (if any) maintained on behalf of the Participant to record the
amounts to be distributed to the Participant or his or her Beneficiary or Beneficiaries and any earnings credited thereto in accordance with the terms of this Plan. Amounts credited to this account on a Participant’s behalf and any earnings
credited thereto and any losses deducted therefrom in accordance with the terms of the Plan, shall be recorded by Class Year pursuant to Section 9.4. 

1.18 Distribution Date. With respect to a Participant or a deceased Participant whose Employment Termination Date has occurred, the date
as of which the Distributable shall be paid to the Participant or the deceased Participant’s Beneficiary or Beneficiaries, as applicable, or the date as of which the first (1st) installment of the Distributable Amount shall be paid to the
Participant. 
 1.19 ERISA. The Employee Retirement Income Security Act of 1974, as it may be amended from time to time. 

  
 3 

 1.20 Earnings Credit. With respect to a Participant, a nominal amount determined
pursuant to Sections 3.2(f), 3.3(d), 3.4(b), and 3.5(b) of this Plan for crediting to or deducting from the Participant’s Deferral Account, Benefit Account, Rollover Account, and Distribution Account pursuant to Sections 3.2(f),
3.3(d), 3.4(b), and 3.5(b) respectively, of this Plan; provided, however, that, notwithstanding the foregoing, the Plan Sponsor acknowledges that increases and decreases in the value of the Notional Shares and other amounts credited to any of the
aforementioned Accounts that are invested in the Common Stock investment option shall arise from increases and decreases in the value of Common Stock rather than from the crediting of earnings. Notwithstanding any provision of the Plan to the
contrary and pursuant to Section 9.4, notional amounts described in this Section shall be recorded by Class Year under each of a Participant’s Deferral Account, Benefit Account, Rollover Account, and Distribution Account. 

1.21 Earnings Crediting Rate. With respect to a Participant, the rate at which nominal earnings shall be credited to, or nominal losses
shall be deducted from, all or a designated portion of the Participant’s Deferral Account, Benefit Account, Rollover Account and Distribution Account, as determined pursuant to Sections 3.2, 3.3, 3.4, and 3.5 respectively, of this Plan;
provided, however, that, notwithstanding the foregoing, the Plan Sponsor acknowledges that increases and decreases in the value of the Notional Shares and other amounts credited to any of the aforementioned Accounts that are invested in the Common
Stock investment option shall arise from increases and decreases in the value of Common Stock rather than from the crediting of earnings. Notwithstanding any provision of the Plan to the contrary and pursuant to Section 9.4, the rate at which
nominal earnings shall be credited to, or nominal losses shall be deducted from, all or a designated portion of the Participant’s Deferral Account, Benefit Account, Rollover Account and Distribution Account shall be administered on the basis of
Class Year. 
 1.22 Effective Date. The close of the New York Stock Exchange on [●], 2020. 

1.23 Eligible Compensation. 

(a) Eligible Employee on Cycle Beginning Date. If the Participant’s Participation Date occurs on or before the Cycle Beginning Date
of the Performance Cycle and the Participant is an Eligible Employee on such Cycle Beginning Date, the product (rounded to two (2) decimal places) of (I) the Applicable Percentage and (II) the Participant’s Target Compensation.

 (b) Eligible Employee After Cycle Beginning Date. If the Participant’s Participation Date occurs after the Cycle Beginning
Date but during the Performance Cycle, the product (rounded to two (2) decimal places) of (I) the Applicable Percentage, (II) the Participant’s Target Compensation, and (III) the Months Factor for the month in which the
Participant’s Participation Date occurs. 
 1.24 Eligible Employee. (a) An Employee who was hired on or before [●],
2020 and who is an Initial Participant, (b) an Employee who was hired after [●], 2020 and whose employment position is listed in the records prepared and maintained by the Administrator, or (c) effective on and after [●], 2020,
an Employee who is a Rollover Participant. Notwithstanding the foregoing sentence, the Administrator, in his or her sole discretion, may determine that an Employee who was hired on or before [●], 2020, and who is not an Initial Participant
shall become an Eligible Employee under such circumstances as the Administrator, in his or her sole discretion, may deem appropriate so long as the Employee has an employment position that is listed in the records prepared and maintained by the
Administrator. 

  
 4 

 1.25 Eligibility Termination Date. With respect to a Participant who is an Eligible
Employee, the earliest of (a) the Participant’s Employment Termination Date, or (b) the date that the Participant is no longer an Eligible Employee as defined in Section 1.24(b). 

1.26 Employee. An Employee is an individual who performs services for an Employer. 

1.27 Employer. (a) The Plan Sponsor or (b) an employer that is a member of the Plan Sponsor’s “controlled group of
corporations, trades, or businesses,” as such term shall be defined in Code Sections 414(b) and 414(c), and that has adopted this Plan with the approval of the Plan Sponsor. 

1.28 Employment Termination Date. With respect to a Participant, the earlier of the date that the Participant ceases being an Employee
or the date as of which this Plan is terminated. Notwithstanding the foregoing, with respect to any Section 409A Amount of a Participant, the Participant’s “Employment Termination Date” shall be the date that the Participant
separates from service with all Employers, whether by death, retirement, or other termination of employment, in a manner consistent with the definition in Treas. Reg. Section 1.409A-1(h). 

1.29 Fortive EDIP. The Fortive Executive Deferred Incentive Program. In connection with the prior
spin-off of FTV Employment Services LLC and certain other subsidiaries from Danaher Corporation on May 31, 2016, certain benefits of Participants were transferred from the Danaher EDIP to the Fortive
EDIP. Certain benefits of Participants were transferred from the Fortive EDIP to this Plan, and are subject to those terms as provided in Appendix C. 

1.30 Grandfathered Amount. With respect to a Participant, any portion of the following account balances that was vested as of
December 31, 2004: the Performance Shares Account, the Benefit Account, the Deferral Account, the Rollover Account, and the Distribution Account; and any earnings credited thereto and any losses deducted therefrom on or after January 1,
2005, in accordance with the terms of the Plan. 
 1.31 Identification Date. December 31 of each calendar year thereafter. 

1.32 Initial Participant. An Employee who was a participant in the Fortive EDIP and who became a Participant as of the close of the New
York Stock Exchange on [●], 2020, and is designated as an initial participant in the records prepared and maintained by the Administrator. 

1.33 Long-term Rate. With respect to a Performance Cycle, the closing price of the ten (10)-year Treasury bond rate on the business day
last preceding the Cycle Beginning Date of the Performance Cycle or such other long-term interest rate as shall be determined for the remainder of the Performance Cycle by the Administrator in his or her sole discretion. 

1.34 Months Factor. With respect to a Performance Cycle and a Participant whose Participation Date occurs after the Cycle Beginning Date
of the Performance Cycle but during the Performance Cycle, the number of months between the Participant’s Participation Date and the last day of the Plan Year during such Performance Cycle in which his or her Participation Date occurred as
provided in Appendix B. 

  
 5 

 1.35 Notional Share. One (1) notional share equivalent in value to one
(1) share of Common Stock. 
 1.36 Participant. A Participant is an Eligible Employee or former Eligible Employee who is
participating in this Plan pursuant to Article II. 
 1.37 Participation Date. With respect to an Eligible Employee, the date (if
any) as of which the Eligible Employee shall become a Participant as determined pursuant to Section 2.1. 
 1.38 Payroll Period.
With respect to an Eligible Employee, a period with respect to which the Eligible Employee receives a pay check or otherwise is paid for services that he or she performs during the period for an Employer. 

1.39 Performance Cycle. A period of one (1) Plan Year. 

1.40 Performance Share. One (1) Notional Share. 

1.41 Performance Shares Account. With respect to a Participant, the account maintained on behalf of the Participant to record the
Performance Shares (if any) that have been credited on the Participant’s behalf for a Performance Cycle. Amounts credited to this account on a Participant’s behalf and any earnings credited thereto and any losses deducted therefrom in
accordance with the terms of the Plan, shall be recorded by Class Year pursuant to Section 9.4. 
 1.42 Plan. Vontier
Executive Deferred Incentive Plan, as it is set forth herein and as it may be amended from time to time. 
 1.43 Plan Sponsor. The
Plan Sponsor is Vontier Corporation, and its successors or assigns. 
 1.44 Plan Year. The Plan Year is the calendar year. For 2020,
the initial Plan Year shall be from the close of the New York Stock Exchange on [●] through December 31. 
 1.45 Rollover
Account. With respect to a Rollover Participant, the account (if any) maintained on behalf of the Rollover Participant to record the Rollover Amount (if any) that has been credited on the Rollover Participant’s behalf and any earnings
credited thereto in accordance with the terms of this Plan. Amounts credited to this account on a Participant’s behalf and any earnings credited thereto and any losses deducted therefrom in accordance with the terms of the Plan, shall be
recorded by Class Year pursuant to Section 9.4. 
 1.46 Rollover Amount. With respect to a Rollover Participant, the
nonforfeitable dollar amount as of a specified date that the Administrator has permitted to be credited under this Plan pursuant to Section 3.4 of this Plan. 

  
 6 

 1.47 Rollover Participant. An Employee who elects to transfer to this Plan a
nonforfeitable dollar amount previously granted to the Employee under another arrangement maintained by an employer as permitted by the Administrator in his or her sole discretion. 

1.48 Salary. With respect to a Participant for a Payroll Period, the total cash compensation (if any) that is payable to the Participant
by any Employer during the Payroll Period and that would be reportable on the Participant’s federal income tax withholding statement (Form W-2), including, but not limited to, salary and overtime pay, but
excluding any Bonus that is payable to the Participant during the Payroll Period, plus remuneration as defined in Code Section 3401(a)(8)(A) to the extent not otherwise reported on the Participant’s Form
W-2 (excluding housing, COLA, tax equalization, hardship and special allowances). Solely for purposes of documenting administrative practice under the terms of the Plan, under this Section 1.51 of the
Plan, any hiring bonus paid to a Participant for a Payroll Period may be considered to be part of the Salary that is payable to the Participant by any Employer for the Payroll Period. 

1.49 Salary Deferral Amount. With respect to a Participant for a Plan Year, an amount of the Participant’s Salary for a Payroll
Period during the Plan Year that the Participant has elected to defer pursuant to Section 3.2. 
 1.50 Salary Deferral
Contribution. The term “Salary Deferral Contribution” shall be defined in this Plan as it shall be defined in the 401(k) Plan. 

1.51 Section 409A Amount. With respect to a Participant, any of the following amounts: (1) the portion of the
Participant’s Benefit Account that is unvested as of December 31, 2004 (if any), determined as the product of (I) the balance in the Participant’s Benefit Account as of December 31, 2004 and (II) the difference between
one hundred percent (100%) and the applicable Vesting Percentage attributable to the Participant’s Benefit Amounts as of December 31, 2004, determined in accordance with Section 3.3(e)(iii) of the Plan, and any earnings credited
thereto and any losses deducted therefrom on or after January 1, 2005 in accordance with the terms of the Plan; and (2) any and all Benefit Amounts, Bonus Deferral Amounts, Salary Deferral Amounts, Performance Shares, and Rollover Amounts
that in accordance with the terms of the Plan are credited on the Participant’s behalf on and after January 1, 2005, and any earnings credited thereto and any losses deducted therefrom in accordance with the terms of the Plan (as well as
any Distribution Amounts attributable to the amounts described in this subsection (2)). Any Rollover Amount credited on behalf of a Rollover Participant on or after January 1, 2005 shall be not deemed to be a Section 409A Amount to
the extent expressly provided in connection with any merger or consolidation of a nonqualified deferred compensation plan (as defined in Code Section 409A) with and into this Plan. A Participant’s Section 409A Amounts shall be
determined on the basis of Class Year, and with respect to each Class Year, the aggregate of his or her Salary Deferral Amount (if any), Bonus Deferral Amount (if any), and Benefit Amount (if any) for each Class Year, and any earnings
credited thereto and any losses deducted therefrom in accordance with the terms of the Plan, shall be deemed a separate Section 409A Amount for purposes of this Plan. 

  
 7 

 1.52 Specified Employee. An Employee who is a “key employee” as such term
is defined in Code Section 416(i) without regard to Code Section 416(i)(5). For purposes of determining which Employees are key employees, an Employee is a key employee if the Employee meets the requirements of Code
Section 416(i)(A)(i), (ii) or (iii) (applied in accordance with the regulations thereunder and disregarding Code Section 416(i)(5)) at any time during the 12-month period ending on an Identification
Date; provided, however, that all Employees who are nonresident aliens during the entire 12-month period ending with the relevant Identification Date shall be excluded in any such determination. 

1.53 Spin-off Date. The date that the Employers leave the Fortive Corporation controlled group.

 1.54 Target Bonus. With respect to a Participant for a Plan Year, the target bonus (if any) that may be earned by the Participant
for the Plan Year as determined in accordance with the Employer’s bonus program applicable to such Participant as from time to time in effect. 

1.55 Target Compensation. With respect to a Participant for a Performance Cycle, the sum of (a) the Participant’s annual base
salary for the Performance Cycle and (b) the Participant’s Target Bonus for the same such Performance Cycle. 
 1.56 Trust
Agreement. Trust Agreement for the Vontier Executive Deferred Incentive Plan, if any, as it may be amended from time to time. 
 1.57
Valuation Date. The monthly or other more frequent periodic date selected by the Administrator to value Benefit Accounts, Deferral Accounts, Rollover Accounts, and Distribution Accounts. With respect to a Participant whose Eligibility
Termination Date does not coincide with a Valuation Date defined in the preceding sentence, the Participant’s Eligibility Termination Date shall be deemed a Valuation Date solely with respect to that Participant. 

1.58 Valuation Period. A period beginning on a Valuation Date and ending on the day before the next succeeding Valuation Date. 

1.59 Vesting Percentage. With respect to a Benefit Amount and Performance Shares credited to a Participant’s Benefit Account, the
percentage to be applied to such Benefit Amount and Performance Shares to determine the amount thereof to which the Participant shall have a nonforfeitable right, subject to any provision to the contrary in Section 3.3 or 5.9 or the Trust
Agreement. 
 1.60 Vesting Year of Participation. With respect to a Participant other than a Rollover Participant, a twelve
(12)-consecutive month period beginning on (A) the January 1st commencing with or next following the Participant’s Participation Date, or (B) an anniversary thereof during which the
Participant remains an Eligible Employee, where the term “Eligible Employee” shall be defined only as in Sections 1.24(a) and (b) of this Plan; provided, however, that, in the case of a Participant who shall be absent from
employment with an Employer for any reason for more than six (6) consecutive weeks, unless otherwise determined by the Administrator in his or her sole discretion, the Participant shall not be deemed to have remained an Eligible Employee for
purposes of this Section and the date as of which any future Years of Participation shall be determined for the Participant shall begin on the date of his or her return (if any) from such absence. 

  
 8 

 1.61 Year of Participation. With respect to a Participant other than a Rollover
Participant, a twelve (12)-consecutive month period beginning on (A) the Participant’s Participation Date, or (B) an anniversary thereof during which the Participant remains an Eligible Employee, where the term “Eligible
Employee” shall be defined only as in Sections 1.24(a) and (b) of this Plan; provided, however, that, in the case of a Participant who shall be absent from employment with an Employer for any reason for more than six
(6) consecutive weeks, unless otherwise determined by the Administrator in his or her sole discretion, the Participant shall not be deemed to have remained an Eligible Employee for purposes of this Section and the date as of which any future
Years of Participation shall be determined for the Participant shall begin on the date of his or her return (if any) from such absence. 

1.62 Year of Service. With respect to a Participant, a twelve (12)-consecutive month period beginning on the Participant’s
employment date with an Employer or an anniversary thereof during which the Participant remains an Employee; provided, however, that, in the case of a Participant who shall be absent from employment with an Employer for any reason for more than six
(6) consecutive weeks, unless otherwise determined by the Administrator in his or her sole discretion, the Participant shall not be deemed to have remained an Employee for purposes of this Section and the date as of which any future Years of
Service shall be determined for the Participant shall begin on the date of his or her return (if any) from such absence. 
 1.63 401(k)
Plan. The Vontier Retirement Savings Plan or any successor thereto, as it may be amended from time to time. 

  
 9 

 ARTICLE II 

PARTICIPATION 
 2.1
Commencement of Participation. An Eligible Employee who is an Initial Participant may become a Participant as of [●], 2020, and any other Eligible Employee may become a Participant as of the date that is the first (1st) day of a month
and that coincides with or follows the later of [●], 2020, or the date that the individual became an Eligible Employee; provided that the Eligible Employee completes an enrollment form (in electronic or paper form as determined by the
Administrator) and files it with the Administrator within the time period specified by the Administrator. For Initial Participants, applicable elections from the Fortive EDIP will continue to apply to such Participant’s compensation in 2020 and
accounts as provided in Appendix C. 
 2.2 Termination of Participation. 

(a) Participant Ceases Being an Eligible Employee. A Participant who ceases being an Eligible Employee but remains an Employee shall
cease being a Participant as of his or her Eligibility Termination Date if the Participant’s Distributable Amount as of such date (as determined subsequent to any crediting of his or her Distribution Account pursuant to Section 3.5 as of
such date) equals zero (0). 
 (b) Participant Ceases Being an Employee. A Participant who ceases being an Employee shall cease being
a Participant as of the earlier of the Participant’s date of death or the date as of which the Participant’s Distributable Amount (as determined subsequent to any crediting of his or her Distribution Account pursuant to Section 3.5 as
of his or her Eligibility Termination Date) equals zero (0). 

  
 10 

 ARTICLE III 

ACCOUNTS AND VESTING 
 3.1
Performance Share Accounts. 
 (a) Award of Performance Shares. With respect to each Performance Cycle, the Administrator shall
credit Participants’ Performance Shares Accounts with Performance Shares in accordance with the following: 
 (i) Eligible Employee
on Cycle Beginning Date. With respect to each Participant whose Participation Date occurred on or before the Cycle Beginning Date of the Performance Cycle, if the Participant shall be an Eligible Employee on the Cycle Beginning Date, the
Administrator shall credit the Participant’s Performance Shares Account as of the Cycle Beginning Date (but subsequent to any zeroing of such account pursuant to Section 3.3) with a number of Performance Shares equal to the quotient
(rounded to the nearer whole number) of (A) the Participant’s Eligible Compensation and (B) the Common Stock Price as of the Cycle Beginning Date. 

(ii) Eligible Employee After Cycle Beginning Date. With respect to each Participant whose Participation Date occurs after the Cycle
Beginning Date of the Performance Cycle but during the Performance Cycle, the Administrator shall credit the Participant’s Performance Shares Account as of his or her Participation Date with a number of Performance Shares equal to the quotient
(rounded to the nearer whole number) of (A) the Participant’s Eligible Compensation and (B) the Common Stock Price as of the Participant’s Participation Date. 

(b) Limitations With Respect To Performance Shares. 

(i) No Shareholder Rights. A Performance Share has no legal relation to a share of Common Stock and, accordingly, no Participant who
has a balance in his or her Performance Shares Account shall be entitled to any dividend, voting, or other rights of a shareholder of Common Stock with respect to the Performance Shares in his or her Performance Shares Account. 

(ii) No Right to Payment. No payment shall be made for any one (1) or more of the Performance Shares in a Participant’s
Performance Shares Account except as provided in Section 4.2. 
 (iii) Cancellation of Performance Shares. The Administrator may
cancel all or any number of the Performance Shares in a Participant’s Performance Shares Account with the written consent of the Participant. 

3.2 Deferral Accounts. 

(a) Election to Defer. Subject to this Section: 

  
 11 

 (i) Bonus Deferral Amounts. A Participant who is an Eligible Employee may elect to
have an amount of his or her Target Bonus for a Plan Year, a percentage of his or her Bonus for a Plan Year, or any amount (in whole dollars) of his or her Bonus as exceeds a specified amount deferred as a Bonus Deferral Amount for the next
succeeding Plan Year; provided that (A) the actual amount deferred shall not exceed the Participant’s Bonus and (B) any election by a Participant to defer of a whole percentage of his or her Bonus for a Plan Year shall not exceed
eighty-five percent (85%) of such Bonus for the Plan Year. 
 (ii) Salary Deferral Amounts. A Participant who is an Eligible Employee
may elect to have a whole percentage not to exceed eighty-five percent (85%) of his or her Salary for each Payroll Period in a Plan Year during which he or she shall be an Eligible Employee deferred as a Salary Deferral Amount. 

(b) Election Procedures. Subject to any further procedures established by the Administrator pursuant to Article V, and
Appendix C, any election made by a Participant pursuant to Subsection (a) above shall be subject to the procedures described in Paragraphs (i) through (iv) below: 

(i) Initial Opportunity to Defer. 

(A) Bonus Deferral Amounts. The Participant may elect to have a Bonus Deferral Amount deferred on his or her behalf with respect to the
Participant’s Target Bonus or Bonus for the Plan Year in which the Participant’s Participation Date occurs by so indicating on the enrollment form required pursuant to Section 2.1. 

(B) Salary Deferral Amounts. The Participant may elect to have Salary Deferral Amounts deferred on his or her behalf with respect to
the Participant’s Salary for the Plan Year in which the Participant’s Participation Date occurs by so indicating on the enrollment form required pursuant to Section 2.1. Such election shall be effective for Payroll Periods during such
Plan Year or the remainder of such Plan Year, as applicable, beginning as soon as administratively possible on or after the latest of (I) the Participant’s Participation Date, or (II) the date that the Participant files the properly
completed enrollment form with the Administrator. 
 (ii) Subsequent Opportunities to Defer. 

(A) Bonus Deferral Amounts. The Participant may elect to have a Bonus Deferral Amount deferred on his or her behalf with respect to the
Participant’s Target Bonus or Bonus for a Plan Year subsequent to the Plan Year in which the Participant’s Participation Date occurs by properly completing an election form and filing the form with the Administrator prior to the first
(1st) day of such subsequent Plan Year. 
 (B) Salary Deferral Amounts. The Participant may elect to have Salary Deferral Amounts
deferred on his or her behalf with respect to the Participant’s Salary for a Plan Year subsequent to the Plan Year in which the Participant’s Participation Date occurs by properly completing an election form and filing the form with the
Administrator prior to the first (1st) day of such subsequent Plan Year. Such election shall be effective for Payroll Periods during the respective Plan Year beginning as soon as administratively possible on or after the first (1st) day of the Plan
Year. 

  
 12 

 (iii) No Revocations. A Participant may not, at any time, revoke a previous election
with respect to a Bonus Deferral Amount or Salary Deferral Amounts. 
 (iv) Termination of Election. A Participant’s election
concerning a Bonus Deferral Amount or Salary Deferral Amounts shall terminate on the earlier of (A) the date as of which the last amount or the only amount, as applicable, designated to be withheld under such election shall be withheld or
(B) the Participant’s Eligibility Termination Date. 
 (c) Withholding by Employer. 

(i) Bonus Deferral Amounts. The Employer of a Participant who has in effect an election with respect to a Bonus Deferral Amount
pursuant to Subsection (b) above shall withhold the designated Bonus Deferral Amount from the Participant’s Bonus and shall notify the Administrator that such amount was withheld as soon as administratively possible after the withholding
thereof. 
 (ii) Salary Deferral Amounts. The Employer of a Participant who has in effect an election with respect to Salary Deferral
Amounts pursuant to Subsection (b) above for a Payroll Period shall withhold the designated Salary Deferral Amount from the Participant’s Salary for the Payroll Period and shall notify the Administrator that such amount was withheld as
soon as administratively possible after the withholding thereof; provided, however, that, after the first such notice by the Employer to the Administrator, the Employer shall only notify the Administrator of any change in the withholding of Salary
Deferral Amounts. 
 (d) Crediting of Deferral Amounts. As soon as administratively possible after the Administrator shall have
received notice (or shall be deemed to have received notice pursuant to Subsection (c)(ii) above) that a Bonus Deferral Amount or a Salary Deferral Amount has been withheld on behalf of a Participant, the Administrator shall credit the
Participant’s Deferral Account by such amount. 
 (e) Crediting of Additional Amounts. 

(i) In General. For each Plan Year and as soon as administratively possible thereafter, the Administrator shall credit to the Deferral
Account of each Participant with respect to whom the requirements in Paragraph (ii) below shall be met an amount (if any) that shall be determined by the Administrator in his or her sole discretion and that shall be intended to compensate for
employer contributions that may have been foregone by the Participant under the 401(k) Plan or any other qualified plan maintained by an Employer due to the fact that a Bonus Deferral Amount and/or Salary Deferral Amounts were credited to the
Participant’s Salary Deferral Account for the Plan Year. 
 (ii) Requirements for Additional Amount. A Participant shall be
eligible to have an amount credited to his or her Deferral Account for a Plan Year in accordance with Paragraph (i) above if the following requirements are met with respect to the Participant: 

  
 13 

 (A) A Bonus Deferral Amount and/or Salary Deferral Amounts were credited to the
Participant’s Salary Deferral Account for the Plan Year; 
 (B) The Participant had completed at least one (1) One Year of Service
uninterrupted by a One-year Break in Service as of July 1 of the Plan Year; 
 (C) The
Participant’s Eligibility Termination Date had not occurred as of the last day of the Plan Year; and 
 (D) The Participant’s
Basic Compensation for the Plan Year does not exceed the Compensation Limitation for the Plan Year; 
 where, for purposes of this Paragraph, the terms
“One Year of Service,” “One-year Break in Service,” “Basic Compensation” and “Compensation Limitation” shall be as defined in the 401(k) Plan or other qualified plan
maintained by an Employer, as applicable. 
 (f) Crediting of Earnings. 

(i) Elections. A Participant may elect as the Earnings Crediting Rate that shall apply to all or a designated portion of the
Participant’s Deferral Account the earnings rate on one (1) of the investment options that the Administrator shall from time to time designate. A Participant makes his or her initial election of the Earnings Crediting Rate(s) that shall
apply to the Participant’s Deferral Account by properly completing an investment option election and filing it with the Administrator. A Participant who has filed an investment option election with the Administrator may elect to change his or
her investment election with respect to either the investment of future amounts credited to the Participant’s Deferral Account and/or the investment of all or a designated portion of the current balance of the Participant’s Deferral
Account by so designating on a new investment option election and filing the election with the Administrator or, in accordance with procedures adopted by the Administrator, by so notifying the Administrator in any manner acceptable to the
Administrator; provided, however, that a Participant may not change his or her investment election with respect to Common Stock and any such election of the Common Stock as an investment option shall be irrevocable and remain in effect until the
Participant’s Distributable Amount is distributed pursuant to Section 4.2 of this Plan. Except as otherwise provided by the Administrator with respect to one (1) or more investment options, any initial investment election made
pursuant to this Paragraph shall be effective as soon as administratively possible after [●], 2020, and any subsequent investment election made pursuant to this Paragraph shall be effective as soon as administratively possible after the date
that the Participant files the investment option election with the Administrator or otherwise notifies the Administrator of his or her election, and each investment election shall continue in effect until the effective date of a subsequent
investment election properly made. Notwithstanding the foregoing, with respect to any Participant who is required to file reports with the Securities and Exchange Commission under Section 16 of the Securities Exchange Act of 1934, and the rules
promulgated thereunder, if the Participant has elected Common Stock as an investment option that shall apply to all or a portion of his or her Deferred Account, such investment option and Earnings Crediting Rate shall not become effective with
respect to any amounts deferred until the earlier of the April 30, July 31, October 31, or January 31 immediately following the date such amounts were deferred, and during the period from the date of deferral until such
April 30, July 31, October 31, or January 31, as applicable, the investment options and Earnings Crediting Rate that shall apply to such deferred amounts shall be the fixed income fund investment option, or such other investment
option as the Administrator shall determine. 

  
 14 

 The Administrator shall adopt and may amend procedures to be followed by Participants in
electing Earnings Crediting Rate(s) and, pursuant thereto, the Administrator may, among other actions, format investment option forms and establish deadlines for elections. 

(ii) No Election. The Administrator shall from time to time designate a fixed income fund or other investment option that shall be used
to establish the Earnings Crediting Rate that shall apply to the Deferral Account of any Participant who has not made an investment option election pursuant to Subparagraph (i) above. 

(iii) Earnings Credits. As of each Valuation Date, the Administrator shall determine the Earnings Credit applicable to the Deferral
Account of each Participant for the Valuation Period ending on the Valuation Date (or the portion thereof during which the Deferral Account was maintained): (i) if only one (1) Earnings Crediting Rate shall have applied to the Deferral
Account pursuant to Subsection (i) above, the Earnings Credit shall equal (A) the Earnings Crediting Rate (on an annual basis) times (B) the balance in the Deferral Account as of the later of the last preceding Valuation Date or the
date as of which the Deferral Account was established times (C) the days in the Valuation Period (or portion thereof) divided by (D) 365; and (ii) if more than one (1) Earnings Crediting Rate shall have applied to the Deferral
Account pursuant to Subsection (i) above, as applicable, the Earnings Credit shall equal the sum of each amount determined as (A) the Earnings Crediting Rate (on an annual basis) times (B) the portion of the balance in the Deferral
Account as of the later of the last preceding Valuation Date or the date as of which the Deferral Account was established to which such rate applied times (C) the days in the Valuation Period (or portion thereof) divided by (D) 365. 

(iv) Accounting. As of each Valuation Date, the balance in each Deferral Account maintained as of the Valuation Date shall be
determined as the amount calculated in accordance with the following: 
 (A) The balance (if any) in the Deferral Account as of the later of
the last preceding Valuation Date or the date as of which the Deferral Account was established; plus 
 (B) Any amounts credited to the
Deferral Account pursuant to Sections 3.2(d) and 3.2(e) of this Plan during the Valuation Period ending on the Valuation Date; plus 

(C) Any positive Earnings Credit determined for the Deferral Account pursuant to Section 3.2(f)(iii) of this Plan during the Valuation
Period ending on the Valuation Date; less 
 (D) Any negative Earnings Credit determined for the Deferral Account pursuant to
Section 3.2(f)(iii) during the Valuation Period ending on the Valuation Date. 

  
 15 

 (g) Vesting of Deferral Accounts. With respect to a Participant, the
Participant’s Deferral Account shall be at all times nonforfeitable. 
 3.3 Benefit Accounts. 

(a) Cyclical Accounting for Performance Cycles. As of each Cycle Beginning Date of a Performance Cycle, or Participation Date, that the
Participant’s Performance Shares Account is credited with Performance Shares pursuant Section 3.1(a), the Administrator shall credit each Participant’s Benefit Account with the number of Performance Shares in the Participant’s
Performance Share Account as of such date and then the Administrator shall reduce the number of Performance Shares in the Participant’s Performance Share Account to zero (0). 

(b) Earnings Credits. 

(i) Performance Shares. The investment option and Earnings Crediting Rate applicable to the Performance Shares in the Benefit Account
of each Participant shall be Common Stock. As of each Valuation Date, the Administrator shall determine the Earnings Credit applicable to the Performance Shares in the Benefit Account of each Participant for the Valuation Period ending on the
Valuation Date (or the portion thereof during which the Deferral Account was maintained): the Earnings Credit for the Common Stock investment option shall equal (A) the Earnings Crediting Rate (on an annual basis) times (B) the balance in
the Benefit Account as of the later of the last preceding Valuation Date or the date as of which the Benefit Account was established times (C) the days in the Valuation Period (or portion thereof) divided by (D) 365. 

(ii) Benefit Amounts. As of the last day of each Plan Year, with respect to each Benefit Amount (if any) in a Participant’s
Benefit Account as of the first (1st) day of such Plan Year other than Benefit Amounts consisting of Performance Shares, the Administrator shall credit earnings on such Benefit Amount to the Participant’s Benefit Account, where the amount of
such earnings shall equal the product (rounded to two (2) decimal places) of (i) the Long-term Rate for the Performance Cycle in which the Plan Year occurs and (ii) the sum of (A) such Benefit Amount and (B) the aggregate
amount (if any) of earnings thereon previously credited to the Participant’s Benefit Account. 
 (iii) Accounting. As of each
Valuation Date, the balance in each Benefit Account maintained as of the Valuation Date shall be determined as the amount calculated in accordance with the following: 

(A) The balance (if any) in the Benefit Account as of the later of the last preceding Valuation Date or the date as of which the Benefit
Account was established; plus 
 (B) Any amounts credited to the Benefit Account pursuant to Section 3.3(c) of this Plan during the
Valuation Period ending on the Valuation Date; plus 
 (C) Any amounts credited to the Benefit Account pursuant to Section 3.3(e) of
this Plan during the Valuation Period ending on the Valuation Date; plus 

  
 16 

 (D) Any positive Earnings Credit determined for the Benefit Account pursuant to
Section 3.3(d)(i) and 3.3(d)(ii) of this Plan during the Valuation Period ending on the Valuation Date; less 
 (E) Any negative
Earnings Credit determined for the Benefit Account pursuant to Section 3.3(d)(i) during the Valuation Period ending on the Valuation Date. 

(c) Accounting at Eligibility Termination Date. As of the Eligibility Termination Date of a Participant, the Administrator shall take
consecutively the actions in Paragraphs (i) through (iv) below, as applicable, which such actions shall be taken subsequently to the actions to be taken by the Administrator pursuant to Subsections (c) and (d): 

(i) Discretionary Crediting of Performance Shares. If the Participant’s Eligibility Termination Date precedes the Cycle Ending
Date of a Performance Cycle, the Administrator may, in his or her sole discretion, credit the Participant’s Benefit Account with a number of Performance Shares for the Performance Cycle in which such Eligibility Termination Date occurs equal to
the number of Performance Shares credited to such Benefit Account on the Cycle Beginning Date of such Performance Cycle. 
 (ii) Effect
on Performance Shares Account. Except as otherwise provided in Paragraph (i) above, unless the Participant’s Eligibility Termination Date coincides with the Cycle Ending Date of a Performance Cycle, the Administrator shall reduce the
number of Performance Shares in the Participant’s Benefit Account by the number of Performance Shares credited to such Benefit Account on the Cycle Beginning Date for the Performance Cycle or, if later, the Participant’s Participation
Date. 
 (iii) Determination of Vesting Percentages. The Administrator shall determine the Vesting Percentage applicable to the
Benefit Amounts including Performance Shares and any earnings thereon in the Participant’s Benefit Account, in accordance with the following: 

(A) Age and Service Vesting. 

(1) If the Participant has both attained age fifty-five (55) and completed at least five (5) Years of Service, the
Participant’s Vesting Percentage applicable to the Benefit Amounts including Performance Shares and any earnings thereon shall be one hundred percent (100%). 

  
 17 

 (2) If such Paragraph (A)(1) above does not apply, the Participant’s Vesting
Percentage applicable to the Benefit Amounts including Performance Shares and any earnings thereon shall be determined as follows: 
  

					
	 VESTING YEARS OF

PARTICIPATION
	  	VESTING
PERCENTAGE	 
	 Less than 5 years
	  	 	0	 
	 5 years but less than 6 years
	  	 	10	% 
	 6 years but less than 7 years
	  	 	20	% 
	 7 years but less than 8 years
	  	 	30	% 
	 8 years but less than 9 years
	  	 	40	% 
	 9 years but less than 10 years
	  	 	50	% 
	 10 years but less than 11 years
	  	 	60	% 
	 11 years but less than 12 years
	  	 	70	% 
	 12 years but less than 13 years
	  	 	80	% 
	 13 years but less than 14 years
	  	 	90	% 
	 14 years or more
	  	 	100	% 

 (B) Vesting at Death. If the Participant has died, the Participant’s Vesting Percentage
applicable to the Benefit Amounts including Performance Shares and any earnings thereon shall be one hundred percent (100%). 
 (C)
Partial Vesting for Initial Participants. If the Participant is an Initial Participant and neither Subparagraph (A)(1) nor Subparagraph (B) above applies to the Participant, the Participant’s Vesting Percentage applicable to
the Benefit Amounts including Performance Shares and any earnings thereon that correlate with the Benefit Amounts previously credited for the Performance Cycle shall be sixty-six and two-thirds percent (66-2/3%); provided, however, that an Initial Participant’s Vesting Percentage may increase based upon his or her Vesting Years of Participation
pursuant to Subparagraph (A)(2) above (e.g., after completion of five (5) Years of Participation and seven (7) Vesting Years of Participation, an Initial Participant’s Vesting Percentage will be seventy percent (70%)).

 (D) No Vesting. Except as otherwise provided in Subparagraph (A), (B), or (C) above, the Participant’s Vesting
Percentage applicable to each such Benefit Amount including Performance Shares plus any such earnings thereon shall be zero percent (0%). 

(E) Gross Misconduct Exception to Vesting. Notwithstanding Subparagraph (A), (B) or (C) above, if the Administrator
determines, in his or her sole discretion, that the circumstances of and/or surrounding the Participant’s ceasing to be an Eligible Employee constitute gross misconduct on the part of the Participant, the Administrator may, in his or her sole
discretion, determine that the Participant’s Vesting Percentage applicable to the Benefit Amounts and the Performance Shares and earnings thereon shall be zero percent (0%). 

  
 18 

 (iv) Forfeiture and Reduction of Benefit Account. If the Administrator determines
pursuant to Paragraph (ii) above that the Participant’s Vesting Percentage with respect to the Benefit Amounts including Performance Shares and earnings thereon, is less than one hundred percent (100%), the Administrator shall forfeit all
or a portion of such Benefit Amount including Performance Shares plus any earnings thereon by (A) reducing pro rata the Benefit Amounts and Performance Shares by the product (rounded to two (2) decimals) of (I) the Benefit Amounts and
(II) the difference between one hundred percent (100%) and the applicable Vesting Percentage and (B) reducing any such earnings by the product (rounded to two (2) decimals) of (I) the amount of such earnings and (II) the
difference between one hundred percent (100%) and the applicable Vesting Percentage. 
 (v) Crediting of Earnings and Debiting of
Losses. In the event that a Participant’s Eligibility Termination Date is neither a Valuation Date nor the last day of a Plan Year, such Eligibility Termination Date shall be deemed to be a Valuation Date and the last day of the Plan Year,
and the Administrator shall determine the applicable Earnings Credits (if any) and value the Participant’s Benefit Account in accordance with Section 3.3(d). 

3.4 Rollover Accounts. 

(a) Crediting of Rollover Amount. As soon as administratively possible following the Administrator’s determination of the Rollover
Amount with respect to a Rollover Participant, the Administrator shall credit to the Rollover Account of the Rollover Participant the Rollover Amount (if any) that shall be determined by the Administrator in his or her sole discretion. 

(b) Crediting of Earnings. 

(i) Elections. A Rollover Participant may elect as the Earnings Crediting Rate that shall apply to all or a designated portion of the
Rollover Participant’s Rollover Account the earnings rate on one (1) of the investment options that the Administrator shall from time to time designate. A Rollover Participant make his or her initial election of the Earnings Crediting
Rate(s) that shall apply to the Rollover Participant’s Rollover Account by properly completing an investment option election and filing it with the Administrator. A Rollover Participant who has filed an investment option election with the
Administrator may elect to change his or her investment election with respect to either the investment of future amounts credited to the Rollover Participant’s Rollover Account and/or the investment of all or a designated portion of the current
balance of the Rollover Participant’s Rollover Account by so designating on a new investment option election and filing the election with the Administrator or, in accordance with procedures adopted by the Administrator, by so notifying the
Administrator in any manner acceptable to the Administrator; provided, however, that a Participant may not change his or her investment election of Common Stock and any such election of Common Stock as an investment option shall be irrevocable and
remain in effect until the Participant’s Distributable Amount is distributed pursuant to Section 4.2 of this Plan. Except as otherwise provided by the Administrator with respect to one (1) or more investment options, any initial
investment election made pursuant to this Paragraph shall be effective as soon as administratively possible, and any subsequent investment election made pursuant to this Paragraph shall be effective as soon as administratively possible after the
date that the Rollover Participant files the investment option election with the Administrator or otherwise notifies the Administrator of his or her election, and each investment election shall continue in effect until the effective date of a
subsequent investment election properly made. 

  
 19 

 The Administrator shall adopt and may amend procedures to be followed by Rollover
Participants in electing Earnings Crediting Rate(s) and, pursuant thereto, the Administrator may, among other actions, format investment option forms and establish deadlines for elections. 

(ii) No Election. The Administrator shall from time to time designate a fixed income fund or other investment option that shall be used
to establish the Earnings Crediting Rate that shall apply to the Rollover Account of any Rollover Participant who has not made an investment option election pursuant to Subparagraph (i) above. 

(iii) Earnings Credits. As of each Valuation Date, the Administrator shall determine the Earnings Credit applicable to the Rollover
Account of each Rollover Participant for the Valuation Period ending on the Valuation Date (or the portion thereof during which the Rollover Account was maintained): (i) if only one (1) Earnings Crediting Rate shall have applied to the
Rollover Account pursuant to Subsection (i) above, the Earnings Credit shall equal (A) the Earnings Crediting Rate (on an annual basis) times (B) the balance in the Rollover Account as of the later of the last preceding Valuation Date
or the date as of which the Rollover Account was established times (C) the days in the Valuation Period (or portion thereof) divided by (D) 365; and (ii) if more than one (1) Earnings Crediting Rate shall have applied to the
Rollover Account pursuant to Subsection (i) above, as applicable, the Earnings Credit shall equal the sum of each amount determined as (A) the Earnings Crediting Rate (on an annual basis) times (B) the portion of the balance in the
Rollover Account as of the later of the last preceding Valuation Date or the date as of which the Rollover Account was established to which such rate applied times (C) the days in the Valuation Period (or portion thereof) divided by
(D) 365. 
 (iv) Accounting. As of each Valuation Date, the balance in each Rollover Account maintained as of the Valuation Date
shall be determined as the amount calculated in accordance with the following: 
 (A) The balance (if any) in the Rollover Account as of the
later of the last preceding Valuation Date or the date as of which the Rollover Account was established; plus 
 (B) Any positive Earnings
Credit determined for the Rollover Account pursuant to Section 3.4(b)(iii) of this Plan during the Valuation Period ending on the Valuation Date; less 

(C) Any negative Earnings Credit determined for the Rollover Account pursuant to Section 3.4(b)(iii) during the Valuation Period ending
on the Valuation Date. 
 3.5 Distribution Accounts. 

(a) Accounting at Eligibility Termination Date. As of the Eligibility Termination Date of a Participant, the Administrator shall take
consecutively the actions in Paragraphs (i) and (ii) below, as applicable, which such actions shall be taken subsequently to the actions to be taken by the Administrator pursuant to Sections 3.2(f), 3.3(d), 3.3(e), and 3.4(b): 

(i) Crediting of Distributable Amount. The Administrator shall credit to the Participant’s Distribution Account the sum of
(A) the balance (if any) in his or her Benefit Account, and (B) the balance (if any) in his or her Deferral Account (if any), and (C) the balance (if any) in his or her Rollover Account (if any), and any and all investment elections
in effect with respect to each of such balances as of the Participant’s Eligibility Termination Date shall be maintained in full force and effect. 

  
 20 

 (ii) Effect on Benefit Account, Deferral Account, and Rollover Account. The Administrator
shall reduce the balance (if any) in the Participant’s Benefit Account, the balance (if any) in the Participant’s Deferral Account (if any), and the balance (if any) in the Participant’s Rollover Account (if any) to zero dollars ($0).

 (b) Crediting of Earnings. 

(i) Performance Shares. With respect to the Performance Shares in a Participant’s Distribution Account, the Administrator shall
take the following actions during the period beginning on a Participant’s Eligibility Termination Date and ending on the Participant’s Employment Termination Date: 

(A) Accounting on Valuation Dates. As of each Valuation Date during the aforementioned period, the Administrator shall credit earnings
(if any) to the Performance Share in the Participant’s Distribution Account in accordance with the methodology set forth under Section 3.3(d)(i) of this Plan. 

(B) Accounting at Employment Termination Date. In the event that a Participant’s Employment Termination Date is not a Valuation
Date, such Employment Termination Date shall be deemed to be a Valuation Date and the Administrator shall credit earnings (if any) to the Performance Shares in the Participant’s Distribution Account in accordance with the methodology set forth
under Section 3.3(d)(i) of this Plan. 
 (ii) Prior Deferral Account and Rollover Account Balances. With respect to the portion
of a Participant’s Distribution Account previously transferred from his or her Deferral Account and/or Rollover Account and not consisting of Performance Shares, the Administrator shall take the following actions during the period beginning on
a Participant’s Eligibility Termination Date and ending on the Participant’s Employment Termination Date: 
 (A) Accounting on
Valuation Dates. As of each Valuation Date during the aforementioned period, the Administrator shall credit earnings (if any) to such portion of the Participant’s Distribution Account in accordance with the methodology set forth under
Section 3.2 (f)(iii). 
 (B) Accounting at Employment Termination Date. In the event that a Participant’s Employment
Termination Date is not a Valuation Date, such Employment Termination Date shall be deemed to be a Valuation Date and the Administrator shall credit earnings (if any) on such portion of a Participant’s Distribution Account in accordance with
Section 3.2(f)(iii) and/or 3.4(b)(iii), as applicable. 

  
 21 

 (iii) Balance of Distribution Account. With respect to the balance of a
Participant’s Distribution Account after the crediting of earnings under Paragraphs (i) and (ii) above, the Administrator shall take the following actions during the period beginning on the Participant’s Eligibility Termination
Date and ending on the Participant’s Employment Termination Date: 
 (A) Annual Accounting Before Employment Termination Date.
As of the last day of each Plan Year during the aforementioned period, the Administrator shall credit earnings to the Distribution Account (if any) of each Participant whose Employment Termination Date has not occurred by the last day of the Plan
Year, where the amount of such earnings shall equal the product (rounded to two (2) decimal places) of (A) the Long-term Rate for the Performance Cycle in which the Plan Year occurs, (B) the sum of the monthly balances in the
Distribution Account during the Plan Year not otherwise credited with earnings under Paragraph (i) or (ii) above, and (C) the quotient (rounded to four (4) decimal places) of (I) the number of whole months during the Plan
Year in which the Distribution Account had a balance, and (II) twelve (12). 
 (B) Accounting at Employment Termination Date. As
of the Employment Termination Date of a Participant, if such date is later than the Participant’s Eligibility Termination Date, the Administrator shall credit earnings to the Participant’s Distribution Account, where the amount of such
earnings shall equal the product (rounded to two (2) decimal places) of (A) the Long-term Rate for the Performance Cycle in which the Participant’s Employment Termination Date occurred, (B) the sum of the monthly balances in the
Participant’s Distribution Account during the Plan Year in which his or her Employment Termination Date occurred not otherwise credited with earnings under Paragraph (i) or (ii) above, and (C) the quotient (rounded to four
(4) decimal places) of (I) the number of whole months during such Plan Year in which the Participant’s Distribution Account had a balance, and (II) twelve (12). 

(iv) Annual Accounting Following Employment Termination Date. With respect to a Participant whose Employment Termination Date has
occurred but who is receiving, or a deceased Participant whose Beneficiary or Beneficiaries are receiving, installment distributions of the Participant’s Distributable Amount pursuant to Section 4.2, as of each anniversary date of the
Participant’s Employment Termination Date, the Administrator shall credit earnings to the Participant’s Distribution Account, where the amount of such earnings shall equal the product (rounded to two (2) decimal places) of
(A) the Long-term Rate for the Performance Cycle in which such anniversary date occurs and (B) the balance in the Participant’s Distribution Account as of such anniversary date. 

  
 22 

 ARTICLE IV 

DISTRIBUTION OF BENEFITS 

4.1 Election of Form and Medium of Distribution to Participant. Subject to Article IX and Appendix C, at the time a
Participant completes the enrollment form required by Section 2.1 and at any other such times as the Administrator, in his or her sole discretion, may prescribe: 

(a) The Participant may elect, in accordance with procedures established by the Administrator, to receive the Participant’s Distributable
Amount payable upon his or her Employment Termination Date in one of the following forms of distribution: 
 (i) a lump-sum distribution; or 
 (ii) annual installments over two (2), five (5) or ten (10) years
if: 
 (A) with respect to any portion of the Participant’s Distributable Amount attributable to a Grandfathered Amount, the
Participant has (A) both attained age fifty-five (55) and completed at least five (5) Years of Service or (B) completed fifteen (15) Years of Participation; or 

(B) with respect to any portion of the Participant’s Distributable Amount attributable to a Section 409A Amount, the Participant has
both attained age fifty-five (55) and completed at least five (5) Years of Service. 
 (b) The Participant may elect, in accordance
with procedures established by the Administrator, to receive any such lump-sum distribution or annual installments in cash, in shares of Common Stock, or partially in cash and partially in shares of Common
Stock; provided, however, that any Performance Shares and any other portion of the Participant’s Distributable Amount with respect to which the Participant previously elected Common Stock as an investment option shall be paid in shares of
Common Stock in accordance with Section 4.2(d). 
 4.2 Distributions Upon Termination of Employment. Subject to Articles V
and IX: 
 (a) Available Benefits. Upon the Employment Termination Date of a Participant, the Participant or his or her Beneficiary or
Beneficiaries, if the Participant has died, shall be eligible to receive payment of the Distributable Amount. 
 (b) Form and Medium of
Payment. 
 (i) Payment to Participant. A Participant who is eligible for payment of the Distributable Amount pursuant to
Subsection (a) above shall receive the Distributable Amount in the form and medium elected by the Participant on the most recent election form filed by the Participant pursuant to Section 4.1 prior to the Plan Year in which his or her
Employment Termination Date occurs; provided, however, that: 

  
 23 

 (A) any Performance Shares and any other portion of the Participant’s Distributable
Amount with respect to which the Participant previously elected Common Stock as the investment option shall be paid in shares of Common Stock; and 

(B) subject to Paragraph (A) above and Section 9.2(c), if no such election form was filed with the Administrator, the Distributable
Amount shall be paid as a lump-sum distribution in cash. 
 (ii) Payment to Beneficiary.
Subject to Section 9.3 with respect to a Section 409A Amount, a Beneficiary of a deceased Participant who is eligible for payment of all or part of the Distributable Amount pursuant to Subsection (a) above shall receive all or such
part, as applicable, of the Distributable Amount as a lump-sum distribution in cash and in shares of Common Stock to the extent of the Performance Shares (if any) and any other portion of the
Participant’s Distributable Amount with respect to which the Participant previously elected Common Stock as the investment option. 

(c) Timing of Payment. The Distribution Date for payment of the Distributable Amount in accordance with Subsections (a) and
(b) above shall be the earliest date administratively possible within the ninety (90)-day period following the respective Participant’s Employment Termination Date. 

(d) Payment in Common Stock. If all or part of a Participant’s Distributable Amount shall be paid in shares of Common Stock
(treasury shares, authorized and unissued shares, authorized and issued shares, or a combination of the foregoing), the Administrator shall calculate the number of such shares of Common Stock as follows and the whole number of shares so calculated
shall be paid in shares of Common Stock and the value of any fractional shares shall be paid in cash. 
 (i) With respect to the portion of
the Distributable Amount not represented by Performance Shares, as the quotient (rounded to two decimal places) of (A) such portion of the Distributable Amount and (B) the Common Stock Price as of the Participant’s Employment
Termination Date. 
 (ii) With respect to the portion of the Distributable Amount represented by Performance Shares, as the product of
(A) the number of Performance Shares and (B) the Common Stock Price as of the Participant’s Employment Termination Date. 

(e) Payment of Installment Distributions. Subject to Section 9.2(d) with respect to a Section 409A Amount, after the
Distribution Date of a Participant who shall receive installment distributions of the Distributable Amount, each subsequent installment distribution that shall be due shall be paid to the Participant as of the next succeeding anniversary of the
Participant’s Employment Termination Date; provided, however, that, in the event of the death of the Participant before all such installment distributions shall be made, all or part, as applicable, of the total of the remaining installment
distributions shall be paid as of the next succeeding anniversary of the Participant’s Employment Termination Date to the Participant’s Beneficiary or each of his or her Beneficiaries, as applicable; provided, however, that if the
Participant elected to receive the Distributable Amount in the form of annual installments and the Participant dies prior to receiving all of such annual installments, the Administrator may, in his or her sole discretion, allow the Beneficiary of
the deceased Participant to continue receiving installment payments rather than receiving such remaining payments as a lump sum except as otherwise provided in Section 9.3 with respect to any Section 409A Amounts. 

  
 24 

 (f) Administrative Matters. Subject to Section 8.5, the Administrator may, in
his or her sole discretion, delay the Distribution Date for the benefits payable to or on behalf of a Participant to the extent necessary to determine the benefits properly. 

4.3 In-service Distribution from Deferral Accounts. The Administrator may, but shall not be
required to, establish procedures under which an in-service distribution may be made to a Participant of Bonus Deferral Amounts or Salary Deferral Amounts in his or her Deferral Account (if any) in the event
that the Participant has an unforeseeable emergency, as described in Subsection (a) below, and the distribution is reasonably needed to satisfy the unforeseeable emergency, as described in Subsection (b) below: 

(a) Unforeseeable Emergency. With respect to a Participant, an unforeseeable emergency is severe financial hardship to the Participant
resulting from a sudden and unexpected illness or accident of the Participant or of a “dependent” of the Participant, as such term shall be defined in Code Section 152(a); loss of the Participant’s property due to casualty; or
another similar extraordinary and unforeseeable set of circumstances arising as a result of events beyond the control of the Participant. 

(b) Distribution Reasonably Necessary to Satisfy Emergency. A distribution shall be deemed to be reasonably necessary to satisfy a
Participant’s unforeseeable emergency if the following requirements are met: 
 (i) The distribution does not exceed the amount of the
Participant’s financial need plus amounts necessary to pay any income taxes or penalties reasonably anticipated to result from the distribution; 

(ii) The Participant’s financial need cannot be relieved: 

(A) Through reimbursement or compensation by insurance or otherwise, 

(B) By liquidation of the Participant’s assets, to the extent that such liquidation would not itself cause severe financial hardship, or

 (C) By the termination of the Participant’s election (if any) with respect to a Bonus Deferral Amount or Salary Deferral Amounts.

 4.4 Beneficiaries. The Administrator shall provide to each new Participant a form (in paper or electronic format) on which he or
she may designate (a) one or more Beneficiaries who shall receive all or a portion of the Distributable Amount upon the Participant’s death, including any Beneficiary who shall receive any such amount only in the event of the death of
another Beneficiary; and (b) the percentages to be paid to each such Beneficiary (if there is more than one). A Participant may change his or her or her Beneficiary designation from time to time by

  
 25 

 
filing a new form with the Administrator. No such Beneficiary designation shall be effective unless and until the Participant has properly filed the completed form with the Administrator, and a
Beneficiary designation form that designates the spouse of a Participant as his Beneficiary (whether or not any other Beneficiary is also designated) shall be void with respect to the designation of the spouse upon the divorce of the Participant and
the spouse with the result that the Participant’s former spouse shall not be a Beneficiary unless the Participant files a new form with the Administrator and designates his or her former spouse as a Beneficiary. 

If a deceased Participant is not survived by a designated Beneficiary or if no Beneficiary was effectively designated, upon the
Participant’s death, any benefit to which the Participant was then entitled shall be paid in a lump-sum distribution in cash to the Participant’s spouse and, if there is no spouse, to the
Participant’s estate. If a designated Beneficiary is living at the death of the Participant but dies before receiving any or all of the benefit to which the Beneficiary was entitled, such benefit or the remaining portion of such benefit shall
be paid in a lump-sum distribution in cash to the estate of the deceased Beneficiary. 

  
 26 

 ARTICLE V 

CLAIMS AND ADMINISTRATION 

5.1 Applications. A Participant or the Beneficiary of a deceased Participant who is or may be entitled to benefits under this Plan
shall apply for such benefits in writing if and as required by the Administrator, in his or her sole discretion. 
 5.2 Information and
Proof. A Participant or the Beneficiary of a deceased Participant shall furnish all information and proof required by the Administrator for the determination of any issue arising under the Plan including, but not limited to, proof of marriage to
a Participant or a certified copy of the death certificate of a Participant. The failure by a Participant or the Beneficiary of a deceased Participant to furnish such information or proof promptly and in good faith, or the furnishing of false or
fraudulent information or proof by the Participant or Beneficiary, shall be sufficient reason for the denial, suspension, or discontinuance of benefits thereto and the recovery of any benefits paid in reliance thereon. 

5.3 Notice of Address Change. Each Participant and any Beneficiary of a deceased Participant who is or may be entitled to benefits under
this Plan shall notify the Administrator in writing of any change of his or her address. 
 5.4 Claims Procedure. 

(a) Claim Denial. The Administrator shall provide adequate notice in writing to any Participant or Beneficiary of a deceased Participant
whose application for benefits, made in accordance with Section 5.1 of this Plan, has been wholly or partially denied. Such notice shall include the reason(s) for denial, including references, when appropriate, to specific Plan or Trust
Agreement provisions; a description of any additional information necessary for the claimant to perfect the claim, if applicable and an explanation of why such information is necessary; and a description of the claimant’s right to appeal under
Subsection (b) below. 
 The Administrator shall furnish such notice of a claim denial within ninety (90) days after the date that
the Administrator received the claim. If special circumstances require an extension of time for deciding a claim, the Administrator shall notify the claimant in writing thereof within such ninety (90)-day
period and shall specify the date a decision on the claim shall be made, which shall not be more than one hundred eighty (180) days after the date that the Administrator received the claim. Then, the Administrator shall furnish any denial
notice on the claim by the later date so specified. 
 (b) Appeal Procedure. A claimant or his or her duly authorized representative
shall have the right to file a written request for review of a claim denial within sixty (60) days after receipt of the denial, to review pertinent documents, records and other information relevant to his or her claim without charge (including
items used in the determination, even if not relied upon in making the final determination and items demonstrating consistent application and compliance with this Plan’s administrative processes and safeguards), and to submit comments,
documents, records, and other information relating to the claim, even if the information was not submitted or considered in the initial determination. 

  
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 (c) Decision Upon Appeal. In considering an appeal made in accordance with
Subsection (b) above, the Administrator shall review and consider any written comments, documents, records, and other information relating to the claim, even if the information was not submitted or considered in the initial determination by the
claimant or his or her duly authorized representative. The claimant or his or her representative shall not be entitled to appear in person before any representative of the Administrator. 

The Administrator shall issue a written decision on an appeal within sixty (60) days after the date the Administrator receives the appeal
together with any written comments relating thereto. If special circumstances require an extension of time for a decision on an appeal, the Administrator shall notify the claimant in writing thereof within such sixty
(60)-day period. Then, the Administrator shall furnish a written decision on the appeal as soon as possible but no later than one hundred twenty (120) days after the date that the Administrator received
the appeal. The decision on the appeal shall be written in a manner calculated to be understood by the claimant and shall include specific references to the pertinent Plan provisions on which the decision is based. If the claimant loses on appeal,
the decision shall include the following information provided in a manner calculated to be understood by the claimant: (1) the specific reason(s) for the adverse determination; (2) reference to the specific Plan provisions on which the
determination is based; (3) a statement of the claimant’s right to receive at no cost information and copies of documents relevant to the claim, even if such information was not relied upon in making determinations; and (4) a
statement of the claimant’s rights to sue under ERISA. 
 5.5 Status, Responsibilities, Authority and Immunity of Administrator.

 (a) Appointment and Status of Administrator. The Plan Sponsor shall appoint the Administrator. The Plan Sponsor may remove the
Administrator and appoint another Administrator or, if the Administrator is a committee, the Plan Sponsor may remove any or all members of the committee and appoint new members. The Administrator shall be the “administrator” of the Plan,
as such term shall be defined in Section 3(16)(A) of ERISA. 
 (b) Responsibilities and Discretionary Authority. The
Administrator shall have absolute and exclusive discretion to manage the Plan and to determine all issues and questions arising in the administration, interpretation, and application of the Plan and the Trust Agreement, including, but not limited
to, issues and questions relating to a Participant’s eligibility for Plan benefits and to the nature, amount, conditions, and duration of any Plan benefits. Furthermore, the Administrator shall have absolute and exclusive discretion to
formulate and to adopt any and all standards for use in calculations required in connection with the Plan and rules, regulations, and procedures that he or she deems necessary or desirable to effectuate the terms of the Plan; provided, however, that
the Administrator shall not adopt a rule, regulation, or procedure that shall conflict with this Plan or the Trust Agreement. Subject to the terms of any applicable contract or agreement, any interpretation or application of this Plan or the Trust
Agreement by the Administrator, or any rules, regulations, and procedures duly adopted by the Administrator, shall be final and binding upon Employees, Participants, Beneficiaries, and any and all other persons dealing with the Plan. 

  
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 (c) Delegation of Authority and Reliance on Agents. The Administrator may, in his or
her discretion, allocate ministerial duties and responsibilities for the operation and administration of the Plan to one or more persons, who may or may not be Employees, and employ or retain one or more persons, including accountants and attorneys,
to render advice with regard to any responsibility of the Administrator. 
 (d) Reliance on Documents. The Administrator shall incur
no liability in relying or in acting upon any instrument, application, notice, request, letter, or other paper or document believed by the Administrator to be genuine, to contain a true statement of facts, and to have been executed or sent by the
proper person. 
 (e) Immunity and Indemnification of Administrator. The Administrator shall not be liable for any of his or her acts
or omissions, or the acts or omissions of any employee or agent authorized or retained pursuant to Subsection (c) above by the Administrator, except any act of the Administrator or any such person as constitutes gross negligence or willful
misconduct. The Plan Sponsor shall indemnify the Administrator, to the fullest extent permitted by law, if the Administrator is ever made a party or is threatened to be made a party to any threatened, pending, or completed action, suit, claim, or
proceeding, whether civil, criminal, administrative, or investigative (including, but not limited to, any action by or in the right of the Plan Sponsor), by reason of the fact that the Administrator is or was, or relating to the Administrator’s
actions as, the Administrator, against any expenses (including attorneys’ fees), judgments, fines, and amounts paid in settlement that the Administrator incurs as a result of, or in connection with, such action, suit, claim, or proceeding,
provided that the Administrator had no reasonable cause to believe that his or her conduct was unlawful. 
 5.6 Enrollment, Deferral
Election and Other Procedures. The Administrator shall adopt and may amend procedures to be followed by Eligible Employees and Participants in electing to participate in this Plan, in electing to have Bonus Deferral Amounts and Salary Deferral
Amounts made on their behalf, in selecting a form of distribution of any Distributable Amount, and in taking any other actions required thereby under this Plan. Notwithstanding the foregoing sentence, any enrollment, deferral election and other
procedures relating to Section 409A Amounts shall be subject to the provisions of Article IX of the Plan. 
 5.7 Correction of
Prior Incorrect Allocations. Notwithstanding any other provisions of this Plan, in the event that an adjustment to a Performance Shares Account, Benefit Account, Deferral Account, Rollover Account, or Distribution Account shall be required to
correct an incorrect allocation to such account, the Administrator shall take such actions as he or she deems, in his or her sole discretion, to be necessary or desirable to correct such prior incorrect allocation. 

5.8 Facility of Payment. If the Administrator shall determine that a Participant or the Beneficiary of a deceased Participant to whom a
benefit is payable is unable to care for his or her affairs because of illness, accident or other incapacity, the Administrator may, in his or her discretion, direct that any payment otherwise due to the Participant or Beneficiary be paid to the
legal guardian or other representative of the Participant or Beneficiary. Furthermore, the Administrator may, in his or her discretion, direct that any payment otherwise due to a minor Participant or Beneficiary of a deceased Participant be paid to
the guardian of the minor or the person having custody of the minor. Any payment made in accordance with this Section to a person other than a Participant or the Beneficiary of a deceased Participant shall, to the extent thereof, be a complete
discharge of the Plan’s obligation to the Participant or Beneficiary. 

  
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 5.9 Unclaimed Benefits. If the Administrator cannot locate a Participant or the
Beneficiary of a deceased Participant to whom payment of benefits under this Plan shall be required, following a diligent effort by the Administrator to locate the Participant or Beneficiary, such benefit shall be forfeited. 

  
 30 

 ARTICLE VI 

STATUS OF PLAN AND TRUST AGREEMENT 

6.1 Unfunded Status of Plan. The Plan constitutes a mere promise by the Plan Sponsor to pay benefits in accordance with the terms of
the Plan, and, to the extent that any person acquires a right to receive benefits from the Plan Sponsor under this Plan, such right shall be no greater than any right of any unsecured general creditor of the Plan Sponsor. Subject to
Section 6.2, nothing contained in this Plan and no action taken pursuant to the provisions of this Plan shall create or be construed so as to create a trust of any kind, or a fiduciary relationship between the Plan Sponsor and any Participant,
Beneficiary, or other person. 
 6.2 Shares to be Issued. The aggregate number of shares of Common Stock that may be issued to satisfy
the obligations under the Plan shall not exceed two million (2,000,000) shares of Common Stock. The Common Stock may come from treasury shares, authorized but unissued shares, or previously issued shares that the applicable company reacquires,
including shares it purchases on the open market. 
 6.3 Adjustments upon Changes in Capital Stock. Subject to any required action by
the Plan Sponsor (which it shall promptly take) or its stockholders, and subject to the provisions of applicable corporate law, if the outstanding shares of Common Stock increase or decrease or change into or are exchanged for a different number or
kind of security by reason of any recapitalization, reclassification, stock split, reverse stock split, combination of shares, exchange of shares, stock dividend, or other distribution payable in capital stock, some other increase or decrease in
such Common Stock occurs without the Plan Sponsor’s receiving consideration, the Administrator shall make a proportionate and appropriate adjustment as the Administrator in its sole discretion deems to be appropriate, in any of the following in
order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan: (a) the kind and number of shares of Common Stock, other securities or property or the amount of cash subject to each
outstanding obligation under the Plan and (b) the aggregate number of shares of Common Stock which thereafter may be made the subject of obligations under the Plan, including the limit specified in Section 6.2 of the Plan regarding the
number of shares available to satisfy obligations under the Plan. 
 In the event of a declaration of an extraordinary dividend on the Common Stock payable
in a form other than Common Stock in an amount that has a material effect on the price of the Common Stock, the Administrator shall make a proportionate and appropriate adjustment as the Administrator in its sole discretion deems to be appropriate
to the items set forth in any of subsections (a) through (b) in the preceding paragraph in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan. 

Any issue by the Company of any class of preferred stock, or securities convertible into shares of common or preferred stock of any class, will not affect,
and no adjustment by reason thereof will be made with respect to, the number of shares of Common Stock subject to any obligation under the Plan except as this Section 6.3 specifically provides. The grant of an obligation under the Plan
will not affect in any way the right or power of the Administrator or the Plan Sponsor to make adjustments, reclassifications, reorganizations or changes of its capital or business structure, or to merge or to consolidate, or to dissolve, liquidate,
sell, or transfer all or any part of its business or assets. 

  
 31 

 6.4 Existence and Purposes of Trust Agreement. 

(a) Existence of Trust Agreement. In accordance with Section 6.1, the Plan Sponsor may enter into a Trust Agreement with a trustee
to hold a trust fund that may become the source of Plan benefits as provided in the Trust Agreement, and such trust fund may hold shares of Common Stock. In such event, the trustee would have such powers to hold, invest, reinvest, control, and
disburse such trust fund as shall, at such time and from time to time, be set forth in the Trust Agreement or this Plan. 
 (b)
Integration of Trust Agreement. The Trust Agreement shall be deemed to be a part of this Plan, and all rights of Participants and Beneficiaries of deceased Participants under this Plan shall be subject to the provisions of the Trust
Agreement, if and as applicable. 
 (c) Rights to Any Trust Fund Assets. No Participant or Beneficiary of a deceased Participant, nor
any other person, shall have any right to, or interest in, any assets of the trust fund maintained under the Trust Agreement upon termination of such Participant’s employment or otherwise, except as may be specifically provided from time to
time in this Plan, the Trust Agreement, or both, and then only to the extent so specifically provided. 

  
 32 

 ARTICLE VII 

PLAN AMENDMENT OR TERMINATION 

7.1 Right to Amend. The Plan Sponsor reserves the right to amend the Plan, by action duly taken by its Board of Directors, at any time
and from time to time to any extent that the Plan Sponsor may deem advisable, and any such amendment shall take the form of an instrument in writing duly executed by one or more individuals duly authorized by the Board of Directors. Without limiting
the generality of the foregoing, the Plan Sponsor specifically reserves the right to amend the Plan retroactively as may be deemed necessary. Notwithstanding the foregoing sentences, the Plan Sponsor shall not amend the Plan so as to change the
method of calculating the Benefit Amount attributable to any Performance Shares in any Participant’s Performance Shares Account as of the date that such an amendment would otherwise be effective; so as to reduce the balance in the Deferral
Account, Benefit Account, Rollover Account, or Distribution Account of any Participant as of such otherwise effective date; or so as to reduce the Vesting Percentage applicable to any Benefit Amount of any Participant that shall have been credited
to the Participant’s Benefit Account (plus any earnings credited thereon) prior to such otherwise effective date (whether or not such Vesting Percentage shall have been determined pursuant to Section 3.3 as of such date), unless any such
amendment shall be reasonably required to comply with applicable law or to preserve the tax treatment of benefits provided under the Plan or is consented to by the affected Participant. 

7.2 Right to Terminate. The Plan Sponsor reserves the right to terminate the Plan, by action duly taken by its Board of Directors, at
any time as the Plan Sponsor may deem advisable. Upon termination of the Plan, (a) if the trust fund maintained under the Trust Agreement has not become the source for Plan benefits, the Plan Sponsor shall pay or provide for the payment of all
liabilities with respect to Participants and Beneficiaries of deceased Participants by distributing amounts to and on behalf of such Participants and Beneficiaries; and (b) if the trust fund maintained under the Trust Agreement has become the
source for Plan benefits, the Plan Sponsor shall direct the trustee thereof to pay to or provide for the payment of all reasonable administrative expenses of the Plan and trust fund, and thereafter the Plan Sponsor shall direct such trustee to use
and apply the remaining assets of the trust fund to provide for liabilities thereof with respect to Participants and Beneficiaries of deceased Participants by continuing the trust fund and making provision under the Trust Agreement for the payment
of such liabilities or by distributing amounts from the trust fund to and on behalf of such Participants and Beneficiaries; provided that, if, after payment or provision for payment of all reasonable administrative expenses of the Plan and trust
fund maintained under the Trust Agreement and satisfaction of all liabilities of such trust fund with respect to Participants and Beneficiaries of deceased Participants, there shall be excess assets remaining, the trustee thereof shall pay such
excess assets to the Plan Sponsor. 

  
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 ARTICLE VIII 

MISCELLANEOUS 
 8.1 No
Guarantee of Employment. Nothing contained in this Plan shall be construed as a contract of employment between any Employee and the Plan Sponsor or any Employer, as a right of any Employee to be continued in any employment position with, or the
employment of, the Plan Sponsor or any Employer, or as a limitation of the right of the Plan Sponsor or any Employer to discharge any Employee. 

8.2 Nonalienation of Benefits. Any benefits or rights to benefits payable under this Plan shall not be subject in any manner to
anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, charge, garnishment, execution, or levy of any kind, either voluntary or involuntary, including any such liability that is for alimony or other payments for the support of a
Beneficiary or former Beneficiary, or for the support of any other relative, before payment thereof is received by the Participant, Beneficiary of a deceased Participant, or other person entitled to the benefit under the Plan; and any attempt to
anticipate, alienate, sell, transfer, assign, pledge, encumber, charge, or otherwise dispose of any right to benefits payable under this Plan shall be void; provided, however, that this Section shall not prohibit the Administrator from offsetting,
pursuant to Section 8.3 of this Plan, any payments due to a Participant, the Beneficiary of a deceased Participant, or any other person who may be entitled to receive a benefit under this Plan. 

8.3 Offset of Benefits. Notwithstanding anything in this Plan to the contrary, in the event that a Participant or the Beneficiary of a
deceased Participant owes any amount to the Plan, the Plan Sponsor, or any other Employer, whether as a result of an overpayment or otherwise, the Administrator may, in his or her discretion, offset the amount owed or any percentage thereof in any
manner against any payments due from the Plan to the Participant or Beneficiary. 
 8.4 Taxes. Neither the Plan Sponsor nor any
Employer represents or guarantees that any particular federal, state, or local income, payroll, personal property or other tax consequence will result from participation in this Plan or payment of benefits under this Plan. Notwithstanding anything
in this Plan to the contrary, the Administrator may, in his or her sole discretion, deduct and withhold applicable taxes from any payment of benefits under this Plan. For the avoidance of doubt, each Participant and Beneficiary shall be responsible
for any and all taxes, interest, and penalties with respect to his or her Section 409A Amounts. The Administrator also may permit such obligations to be satisfied by the transfer to the Plan Sponsor or any Employer of cash, shares of Common
Stock, or other property. 
 8.5 Timing of Distributions. The provisions of this Section 8.5 shall apply notwithstanding any
provisions of the Plan to the contrary. The timing of all distributions under the Plan is subject to the Plan Sponsor’s and any Employer’s deduction limitations under Code Section 162(m). Distributions instituted during a period
during which the Plan Sponsor prevents trading in Common Stock (a “blackout period”) will not be effective until the first business day following the end of the blackout period. The Administrator also may, in his or her sole discretion,
postpone any distribution to comply with applicable law or internal policies of the Plan Sponsor. 

  
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 8.6 Not Compensation Under Other Benefit Plans. No amounts in a Participant’s
Benefit Account or Deferral Account shall be deemed to be salary or compensation for purposes of the 401(k) Plan or any other employee benefit plan of the Plan Sponsor or any Employer except as and to the extent otherwise specifically provided in
any such plan. 
 8.7 Merger or Consolidation of Plan Sponsor. If the Plan Sponsor is merged or consolidated with another
organization, or another organization acquires all or substantially all of the Plan Sponsor’s assets, such organization may become the “Plan Sponsor” hereunder by action of its board of directors and by action of the board of
directors of the Plan Sponsor if still existent. Such change in plan sponsors shall not be deemed to be a termination of this Plan. 
 8.8
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. 
 8.9 Governing
Law. This Plan shall be construed, regulated and administered under the laws of the State of North Carolina to the extent not pre-empted by ERISA or any other federal law. 

8.10 Construction. As used in this Plan, the masculine and feminine gender shall be deemed to include the neuter gender, as appropriate,
and the singular or plural number shall be deemed to include the other, as appropriate, unless the context clearly indicates to the contrary. 

8.11 Headings No Part of Agreement. Headings of articles, sections and subsections of this Plan are inserted for convenience of
reference; they constitute no part of the Plan and are not to be considered in the construction of the Plan. 

  
 35 

 ARTICLE IX 

SPECIAL PROVISIONS APPLICABLE TO SECTION 409A AMOUNTS 

9.1 Scope. The provisions of this Article IX shall apply to Section 409A Amounts only and shall not apply to any
Grandfathered Amounts. If the provisions of this Article IX conflict with any other provisions of the Plan, the provisions of this Article IX shall control. 

9.2 Special Provisions. Notwithstanding any provision of Articles III and IV of the Plan and Section 5.6 of the Plan, with
respect to a Participant: 
 (a) Elections. With respect to any Section 409A Amount and in addition to any enrollment form and
election requirements provided for in the Plan or established by the Administrator, any election for a Plan Year shall be made not later than December 31 of the calendar year immediately preceding such Plan Year; provided, however, that, in the
case of the first Plan Year in which a Participant becomes an Eligible Employee, any election for the portion of the Plan Year during with the Participant is an Eligible Employee shall be made within thirty (30) days after the date the
Participant first becomes an Eligible Employee. 
 (b) Form and Medium of Distribution. Any election made with respect to a
Section 409A Amount pursuant to Section 9.2(a) above shall specify the form and medium of distribution with respect to that Section 409A Amount. The form of distribution so elected by a Participant shall be one of the forms of
distribution set forth in Section 4.1(a) of the Plan and shall be subject to the restriction in Section 4.1(a)(ii) of the Plan concerning the availability of installment payments, determined as of the Participant’s Employment
Termination Date. The medium of distribution shall be specified in accordance with Section 4.1(b) of the Plan. 
 (c) Default Form of
Payment. Notwithstanding Section 4.2(b)(i)(B) of the Plan, with respect to any Participant who has both attained age fifty-five (55) and completed at least five (5) Years of Service, if such Participant fails to elect a form of
distribution with respect to any Section 409A Amount, the Participant shall be deemed to have elected to have such Section 409A Amount paid in the form of five (5) installment payments in accordance with the payment frequency set
forth in Section 9.2(d) below. 
 (d) Timing of Payment. Notwithstanding Article IV of the Plan and specifically
Sections 4.2(c) and (e) of the Plan, the Distribution Date for a Section 409A Amount (or the first installment of a Section 409A Amount, if applicable) shall be no earlier than the first day of the month following the last day of
the six (6) month period commencing on the Participant’s Employment Termination Date. In accordance with procedures established by the Administrator pursuant to Article V, a Participant may elect one of the following Distribution
Dates with respect to each Section 409A Amount: (i) the first day of the month following the last day of the six (6) month period commencing on the Participant’s Employment Termination Date; (ii) the first day of the month
following the last day of the twelve (12) month period commencing on the Participant’s Employment Termination Date; or (iii) the first day of the month following the last day of the twenty-four (24) month period commencing on the
Participant’s Employment Termination Date. The time of distribution so elected by a Participant shall be subject to the restriction in Section 4.1(a)(ii)(C) of the Plan determined as of the Participant’s Employment Termination Date.

  
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 If pursuant to the terms of the Plan a Section 409A Amount is to be distributed in
installments, the second installment of the Section 409A Amount shall be made on January 15 of the calendar year following the date of payment of the initial installment, and each subsequent installment thereafter (if any) shall be made on
each January 15 thereafter until all installment payments of a Section 409A Amount have been paid to the Participant. In the avoidance of doubt, the amount of each installment payment of a Section 409A Amount shall equal the quotient
of (i) the total Section 409A Amount to be distributed, divided by (ii) the number of installment payments remaining in the applicable period of annual installments. 

(e) Subsequent Changes in Time of Payment and Form of Distribution. With respect to a Section 409A Amount, a Participant may elect
to delay a payment of the Section 409A or to change the form of distribution of the Section 409A Amount provided that the following conditions are met: 

(i) Any election under this Section 9.2(e) shall not take effect until a date that is at least twelve (12) months after the date on
which the election is made. 
 (ii) The payment with respect to which an election under this Section 9.2(e) is made shall be deferred
for a period of not less than five (5) years from the date such payment would otherwise have been paid. 
 (iii) Any election under
this Section 9.2(e) shall be made on a date that is not less than twelve (12) months prior to the date the payment is originally scheduled to be made. 

(f) Permitted Payment Delays. Notwithstanding Section 8.5 of the Plan and in addition to the foregoing provisions of this
Section 9.2, a payment of a Section 409A Amount to a Participant may be delayed to a date after the designated payment date under either of the following two circumstances: 

(i) Where the Plan Sponsor reasonably anticipates that an Employer’s deduction with respect to the payment of a Section 409A Amount
would otherwise be limited or eliminated by application of Code Section 162(m); provided, however, that such payment shall be made to the Participant (i) during the Participant’s first taxable year in which the Plan Sponsor reasonably
anticipates that the deduction of such payment will not be limited or eliminated by the application of Code Section 162(m), or, if later, (ii) during the period beginning with the Participant’s Employment Termination Date and ending
on the later of (A) the last day of the taxable year of the Plan Sponsor in which the Participant’s Employment Termination Date occurs or (B) the fifteenth (15th) day of the third
month following the Participant’s Employment Termination Date. 
 (ii) Where the Plan Sponsor reasonably anticipates that the making of
the payment of the Section 409A Amount will violate Federal Securities laws or other applicable law; provided, however, that such payment will be made to the Participant at the earliest date at which the Plan Sponsor reasonably anticipates that
the making of such payment will not cause such violation. 

  
 37 

 (g) Unforeseeable Emergency. For the avoidance of doubt, the provisions of
Section 4.3 of the Plan shall apply to any Bonus Deferral Amounts and any Salary Deferral Amounts that are considered to be Section 409A Amounts. 

(h) Plan Termination. Notwithstanding the provisions of Section 7.2 of the Plan, the termination of the Plan shall not accelerate
the time and form of payment of any Section 409A Amount except when the Plan Sponsor elects to terminate the Plan in accordance with one of the following: 

(i) The Plan Sponsor elects to terminate the Plan within twelve (12) months of a corporate dissolution taxed under Code Section 331
or with the approval of a bankruptcy court pursuant to 11 U.S.C. §503(b)(1)(A), provided that the Section 409A Amounts are included in Participants’ gross incomes in the latest of (a) the calendar year in which the Plan
termination occurs, (b) the calendar year in which the Section 409A Amount is no longer subject to a substantial risk of forfeiture, or (c) the first calendar year in which the payment of the Section 409A Amount is
administratively practical. 
 (ii) The Plan Sponsor elects to terminate the Plan under the following conditions: (a) the Employer
terminates all arrangements sponsored by the Employer that would be aggregated with any terminated arrangements under the regulations promulgated under Code Section 409A if the same Participant had deferrals of compensation under all such
terminated arrangements; (b) no payments (other than payments that would be payable under the terms of the arrangements if the termination had not occurred) are made within twelve (12) months of the termination of the arrangements;
(c) all payments are made within twenty-four (24) months of the termination of the arrangements; and (d) no Employer adopts a new arrangement that would be aggregated with any terminated arrangement under the regulations promulgated
under Code Section 409A if the same Participant participated in both arrangements, at any time within five (5) years following the date of termination of the Plan. 

(iii) The Plan Sponsor elects to terminate the Plan in accordance with any such other events and conditions that the Commissioner of the
Internal Revenue Service may prescribe in generally applicable guidance published in the Internal Revenue Bulletin. 
 (i) Definition of
Payment. With respect to a Section 409A Amount, the entitlement to a series of installment payments shall be treated as the entitlement to a single payment, and each such installment payment shall not be considered a separate payment
hereunder. 
 9.3 Payments to a Beneficiary. Notwithstanding Section 4.2(e) of the Plan, with respect to any Section 409A
Amounts, if a Participant elected to receive the Distributable Amount in the form of annual installments and the Participant dies prior to receiving all of such annual installments, the Beneficiary of the deceased Participant shall receive such
remaining payments as a lump-sum in accordance with Section 4.2(b)(ii) of the Plan. 

  
 38 

 9.4 Class Year Accounting. Section 409A Amounts credited on a
Participant’s behalf and any earnings credited thereto and any losses deducted therefrom in accordance with the terms of the Plan, shall be administered under this Plan by Class Year. For the avoidance of doubt, as stated in
Section 1.54, the aggregate of a Participant’s Salary Deferral Amount (if any), Bonus Deferral Amount (if any), and Benefit Amount (if any) for each Class Year, and any earnings credited thereto and any losses deducted therefrom in
accordance with the terms of the Plan, shall be deemed a separate Section 409A Amount for all purposes under this Plan, including, but not limited to, the provisions of Section 9.2. 

(a) Elections. In accordance with procedures established by the Administrator pursuant to Article V and Section 9.2, a
Participant shall make a separate election for each Class Year, for which the Participant shall specify (i) the form and medium of distribution and (ii) the time for payment, and each such election for a Class Year shall apply to
the aggregate of the Participant’s Salary Deferral Amount (if any), Bonus Deferral Amount (if any), and Benefit Amount (if any) for that Class Year, and any earnings credited thereto and any losses deducted therefrom in accordance with the
terms of the Plan. The Plan’s default form of payment and time for payment provisions under Section 4.2(b)(i)(B), Section 9.2(c), and Section 9.2(d), as applicable, shall apply to any Participant who fails to make an election for
a Class Year. 
 (b) Subsequent Changes in Class Year Elections. The provisions of Section 9.2(e)
permitting payment delays and changes in the form of distribution subject to certain conditions set forth therein shall be administered separately with respect to a Participant’s Section 409A Amount for each Class Year. An election to
delay payment, or change the form of distribution, for a Section 409A Amount for one Class Year shall not affect the time for payment and form of distribution elections for the Section 409A Amount for another Class Year. 

IN WITNESS WHEREOF, the Plan Sponsor has caused this amended and restated Plan to be executed by its duly authorized officer as of the last
date signed by the officer as set forth below. 
  

			
	PLAN SPONSOR:
	
	VONTIER CORPORATION

 
			
		
	By:	 	  

 
			
		
	Date:	 	  

  
 39 

 APPENDIX A 

APPLICABLE PERCENTAGE 
  

					
	 YEARS OF

PARTICIPATION
	  	APPLICABLE
PERCENTAGE	 
	 0-10
	  	 	6	% 
	 11-15
	  	 	8	% 
	 Greater than 15
	  	 	10	% 

  
 A-1 

 APPENDIX B 

MONTHS FACTORS 
  

					
	 Eligibility Date
	  	Prorata Factor	 
	 January 1st
	  	 	1.00	 
	 February 1st
	  	 	0.92	 
	 March 1st
	  	 	0.83	 
	 April 1st
	  	 	0.75	 
	 May 1st
	  	 	0.67	 
	 June 1st
	  	 	0.50	 
	 July 1st
	  	 	0.50	 
	 August 1st
	  	 	0.42	 
	 September 1st
	  	 	0.33	 
	 October 1st
	  	 	0.25	 
	 November 1st
	  	 	0.17	 
	 December 1st
	  	 	0.08	 

  
 B-1 

 APPENDIX C 

SPIN-OFF FROM FORTIVE CORPORATION 

1. Background 
 The Plan Sponsor was established as a
subsidiary of Fortive Corporation (“Fortive”) prior to the Effective Date. On the Effective Date, the liabilities for certain participants’ benefits under the Fortive EDIP, including amounts not subject to Code Section 409A
(i.e., amounts deferred and vested prior to January 1, 2005, and earnings related thereto), were transferred to the Plan Sponsor and to this Plan. The Participants whose benefits were transferred to this Plan on the Effective Date are referred
to below as “Fortive Participants.” The rules in this Appendix shall apply notwithstanding any Plan provisions to the contrary. 
 2. Plan
Benefits 
 Fortive Participants who qualified as eligible employees under the Fortive EDIP immediately before the Effective Date shall be Eligible
Employees under this Plan on such date. All service and compensation that was taken into account for purposes of determining the amount of a Fortive Participant’s benefit or his vested right to a benefit under the Fortive EDIP as of the
Effective Date shall be taken into account for the same purposes under this Plan. 
 The Fortive Participants accounts will reflect such amounts transferred
from the Fortive EDIP. To the extent the Plan refers to accounts prior to the close of the New York Stock Exchange on [●], 2020, such references relate to the amounts as they existed in the Fortive EDIP prior to the transfer to the extent such
amounts were transferred to the Plan. 
 3. Distributions 

The terms of this Plan shall govern the distribution of all benefits payable to a Fortive Participant or any other person with a right to receive such
benefits, including amounts accrued under the Fortive EDIP and then transferred to this Plan. 
 4. Termination and Key Employees 

For avoidance of doubt, no Fortive Participant shall be treated as incurring a separation from service, termination of employment, retirement, or similar event
for purposes of determining the right to a distribution (for amounts subject to Code section 409A or otherwise), vesting, benefits, or any other purpose under the Plan as a result of Fortive’s distribution of Fortive Corporation shares to
Fortive shareholders. Also, the Key Employees shall be determined in accordance with the special rules for spin-offs under Treas. Reg. §1.409A-1(i)(6)(iii), or any successor thereto, for the period
indicated in such regulation. 
 5. Participant Elections 

All elections made by Fortive Participants under the Fortive EDIP prior to the close of the New York Stock Exchange on [●], 2020, including any deferral
elections, earnings crediting rate elections, payment elections, and beneficiary designations, shall apply to the same effect under this Plan as if made under the terms of this Plan. 

  
 C-1 

 6. References to Plan 

All references in this Plan to the “Plan” as in effect before the Effective Date shall be read as references to the Fortive EDIP. To the extent that
the Plan refers to the Plan Sponsor for periods prior to the close of the New York Stock Exchange on [●], 2020, such reference shall mean Fortive Corporation as plan sponsor of the Fortive EDIP. 

7. Right to Benefits 
 With respect to any recordkeeping
account established to determine a benefit provided or due under the Fortive EDIP at any time, no benefit will be due under the Plan except with respect to the portion of such recordkeeping account reflecting the liability transferred from the
Fortive EDIP to the Plan on the Effective Date. Additionally, on and after the Effective Date, Fortive and the Fortive EDIP, and any successors thereto shall have no further obligation or liability to any Fortive Participant with respect to any
benefit, amount, or right due under the Fortive EDIP transferred to the Plan. 
 8. Stock 

For the period prior to the Spin-off Date, “Common Stock” shall mean common stock of Fortive, par value $0.01
per share (“Fortive Common Stock”). On and after the Spin-off Date, “Common Stock” shall mean common stock of Vontier Corporation. 

As of the Spin-Off Date, Notional Shares, and Performance Shares of Fortive common stock shall be converted into
Notional Shares and Performance Shares of Vontier Corporation common stock as provided by an agreement between the Vontier Corporation and Fortive. The amounts to be credited to a Participant’s Performance Shares Account under Section 3.1
will be based on such Performance Shares of Vontier Corporation common stock after the Spin-off Date. To the extent necessary, the Administrator shall use reasonable interpretations and adjustments to
determine the fair market value of the Common Stock. 

  
 C-2

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