Document:

Form of IR Restricted Share Unit Grant Agreement

 Exhibit 10.2 
 INGERSOLL-RAND PLC 

INCENTIVE STOCK PLAN OF 2007 

(AMENDED AND RESTATED AS OF JULY 1, 2009)

 RESTRICTED STOCK UNIT GRANT 

DATED AS OF FEBRUARY 16, 2010 

Ingersoll-Rand plc (the “Company”) hereby grants to [insert name] (“Participant”) a restricted stock unit award (the
“RSUs”) with respect to [insert number of shares subject to RSUs] ordinary shares of the Company (the “Shares”), pursuant to and subject to the terms and conditions set forth in the Company’s Incentive Stock Plan of
2007 (the “Plan”) and to such further terms and conditions set forth below. Unless otherwise defined herein, the terms defined in the Plan shall have the same meanings in this grant document. 

1. Vesting and Issuance of Shares; Dividend Equivalents. 
 (a) Participant’s right to receive Shares subject to the RSUs shall vest in three equal installments on each of the first three anniversaries of the date of grant (each anniversary being a
“Vesting Date”), subject to Participant’s continued employment with the Company or an Affiliate on each such anniversary. Except as provided in Sections 1(d) and 1(e) below, no RSUs shall vest following Participant’s separation
from service (within the meaning of Section 409A(a)(2)(A)(i) of the Code). 
 (b) Participant shall be entitled to
receive an amount equal to any cash dividend paid by the Company upon one Share for each RSU held by Participant when such dividend is paid (“Dividend Equivalent”), provided that, (i) Participant shall have no right to receive the
Dividend Equivalents unless and until the associated RSUs vest, (ii) Dividend Equivalents shall not accrue interest and (iii) Dividend Equivalents shall be paid in cash at the time that the associated RSUs vest. 

(c) If Participant’s employment terminates involuntarily by reason of a group termination (including, but not limited to,
terminations resulting from sale of a business or division, outsourcing of an entire function, reduction in workforce or closing of a facility (a “Group Termination Event”)), the number of Shares subject to the RSUs that would have vested
within 12 months of Participant’s termination of active employment shall vest as of the date of termination of active service (such date also being a “Vesting Date”) and all other RSUs and associated Dividend Equivalents shall be
forfeited as of the date of termination of active employment and Participant shall have no right to or interest in such RSUs, the underlying Shares or any associated Dividend Equivalents. 

(d) If Participant’s employment terminates by reason of death or disability, the Shares subject to the RSUs shall continue to
vest according to the schedule set forth in Section 1(a), notwithstanding such termination of employment. 
 (e) If
Participant’s employment terminates after attainment of age 55 with at least 5 years of service (“Retirement”), the Shares subject to the RSUs shall continue to vest according to the schedule set forth in Section 1(a),
notwithstanding such termination of employment. 
 (f) If Participant’s employment terminates for any reason other
than those specified in Sections 1(c), (d) and (e) above, all unvested RSUs and associated Dividend Equivalents shall be forfeited as of the date of termination of active employment and Participant shall have no right to or interest in
such RSUs, the underlying Shares or any associated Dividend Equivalents. 

 (g) On or as soon as administratively practicable following each Vesting Date, the
Company shall cause to be issued to Participant Shares with respect to the RSUs that become vested on such Vesting Date. Such Shares shall be fully paid and non-assessable. Participant will not have any of the rights or privileges of a shareholder
of the Company in respect of any Shares subject to the RSUs unless and until such Shares have been issued to Participant. 
 2.
Taxes. Regardless of any action the Company and/or an Affiliate take with respect to any and all federal, state, local or other tax related to Participant’s participation in the Plan and legally applicable to Participant
(“Tax-Related Items”), Participant acknowledges that the ultimate liability for all Tax-Related Items is and remains Participant’s responsibility. To satisfy any withholding obligations of the Company or an Affiliate with respect to
Tax-Related Items, the Company will withhold Shares otherwise issuable upon vesting of the RSUs. To avoid negative accounting treatment, the Company may withhold for Tax-Related Items by considering applicable minimum statutory withholding amounts
or other applicable withholding rates. Alternatively, or in addition, the Company may satisfy such withholding obligations by (a) withholding from Participant’s wages or other cash compensation paid to Participant by the Company or an
Affiliate, (b) withholding from proceeds of the sale of Shares acquired upon vesting of the RSUs either through a voluntary sale or through a mandatory sale arranged by the Company (on Participant’s behalf pursuant to this authorization),
or (c) requiring Participant to tender a cash payment to the Company or an Affiliate in the amount of the Tax-Related Items. The Company may refuse to deliver the Shares or the proceeds of the sale of Shares, if Participant fails to comply with
his or her obligations in connection with the Tax-Related Items. 
 3. Recoupment Provision. In the event that Participant commits
fraud or engages in intentional misconduct that results in a need for the Company to restate its financial statements, then the Committee may direct the Company to (i) cancel any outstanding portion of the RSUs and (ii) recover all or a
portion of the financial gain realized by Participant through the RSUs. 
 4. Electronic Delivery and Participation. The Company
may, in its sole discretion, decide to deliver any documents related to participation in the Plan by electronic means. 
 Signed for and on
behalf of the Company: 
  

	
	  

	Herbert L. Henkel
	Chairman of the Board
	Ingersoll-Rand plc

 This document constitutes part of a
prospectus covering securities that have been registered under the Securities Act of 1933 

  
 2Form of IR Performance Share Unit Grant Agreement

 Exhibit 10.3 
 INGERSOLL-RAND PLC 

INCENTIVE STOCK PLAN OF 2007 

(AMENDED AND RESTATED AS OF JULY 1, 2009)

 PERFORMANCE STOCK UNIT GRANT 

FOR THE 2010-2012 PERFORMANCE PERIOD 

DATED AS FEBRUARY 16, 2010 

Ingersoll-Rand plc (the “Company”) hereby grants to [insert name] (“Participant”) a performance stock unit award (the
“PSUs”) pursuant to and subject to the terms and conditions set forth in the Company’s Incentive Stock Plan of 2007 (the “Plan”), including the terms and conditions for Performance-Based Awards as set forth in
Section 8(b) of the Plan. Unless otherwise defined herein, the terms defined in the Plan shall have the same meanings in this grant document. 
 Each PSU that vests pursuant to the terms of this grant document shall provide Participant with the right to receive one ordinary share of the Company (the “Share”) on the issuance date
described in Section 3(f) below. The number of Shares subject to the PSUs, the performance and service vesting conditions applicable to such Shares, the date on which vested Shares shall become issuable and any further terms and conditions
governing the PSUs shall be as set forth in this grant document. 
 1. Number of Shares. The number of Shares subject to the PSUs
at target performance level is [insert number of Shares subject to PSUs at target]. The maximum number of Shares subject to the PSUs is [insert maximum number of Shares subject to PSUs] Shares, provided, however, that the actual number
of Shares that become issuable pursuant to the PSUs shall be determined in accordance with the fulfillment of certain performance conditions set forth in the attached Appendix A and the additional vesting requirements set forth in Section 3
below. 
 2. Performance Period. The performance period applicable to the PSUs is January 1, 2010 to December 31, 2012
(the “Performance Period”). 
 3. Vesting and Issuance of Shares; Dividend Equivalents. Participant’s right to
receive Shares subject to the PSUs shall vest in accordance with the performance vesting conditions set forth in the attached Appendix A and subject to the following additional vesting requirements: 

(a) Participant shall be entitled to receive an amount equal to any cash dividend paid by the Company upon one Share for each PSU
held by Participant when such dividend is paid (“Dividend Equivalent”), provided that, (i) Participant shall have no right to receive the Dividend Equivalents unless and until the associated PSUs vest, (ii) Dividend Equivalents
shall not accrue interest and (iii) Dividend Equivalents shall be paid in cash at the time that the associated PSUs vest. 

(b) If Participant’s employment terminates involuntarily by reason of (i) a group termination (including, but not
limited to, terminations resulting from sale of a business or division, outsourcing of an entire function, reduction in workforce or closing of a facility (a “Group Termination Event”)) or (ii) job elimination, substantial change in
the nature of Participant’s position or job relocation, a pro-rated number of Shares, based on the fulfillment of the performance vesting conditions as measured at the end of the Performance Period and determined by the Committee in
Section 3(f) below and the number of days during the Performance Period that Participant was actively employed by the Company or an Affiliate, shall vest. All other PSUs and associated Dividend Equivalents shall be forfeited and Participant
shall have no right to or interest in such PSUs, the underlying Shares or any associated Dividend Equivalents. 

 (c) If Participant’s employment terminates by reason of death or disability, a
pro-rated number of Shares, based on the fulfillment of the performance vesting conditions as measured between January 1, 2010 and the end of the calendar quarter in which such termination of employment takes place and determined by the
Committee in Section 3(f) below and the number of days during the Performance Period that Participant was actively employed by the Company or an Affiliate, shall vest. All other PSUs and associated Dividend Equivalents shall be forfeited and
Participant shall have no right to or interest in such PSUs, the underlying Shares or any associated Dividend Equivalents. 

(d) If Participant’s employment terminates after attainment of age 55 with at least 5 years of service
(“Retirement”), a pro-rated number of Shares, based on the fulfillment of the performance vesting conditions as measured at the end of the Performance Period and determined by the Committee in Section 3(f) below and the number of days
during the Performance Period that Participant was actively employed by the Company or an Affiliate, shall vest. All other PSUs and associated Dividend Equivalents shall be forfeited and Participant shall have no right to or interest in such PSUs,
the underlying Shares or any associated Dividend Equivalents. 
 (e) If Participant’s employment terminates for any
reason other than those specified in Sections 3(b) and (c) and (d) above, all PSUs and any associated Dividend Equivalents shall be forfeited as of the date of termination of active employment and Participant shall have no right to or
interest in such PSUs, the underlying Shares or any associated Dividend Equivalents. 
 (f) On a date as soon as
practicable following the end of the Performance Period or, in the case of Section 3(c), the end of the calendar quarter in which Participant’s employment is terminated, the Committee shall certify the extent to which the performance
vesting conditions set forth in Appendix A have been met (the “Certification Date”). As soon as practicable thereafter, the Company shall cause to be issued to Participant Shares with respect to any PSUs that became vested on the
Certification Date, provided that Participant was employed by the Company or an Affiliate such date (unless otherwise provided in Sections 3(b), (c) or (d) above). Such shares shall be fully paid and non-assessable. Notwithstanding the
foregoing, the Committee has the sole discretion to make downward adjustments to the award amount determined pursuant to Appendix A, including an adjustment such that no Shares are issued to Participant, regardless of the fulfillment of the
performance vesting conditions set forth in Appendix A. Participant will not have any of the rights or privileges of a shareholder of the Company in respect of any Shares subject to the PSUs unless and until such Shares have been issued to
Participant. 
 4. Taxes. Regardless of any action the Company and/or an Affiliate take with respect to any and all federal,
state, local or other tax related to Participant’s participation in the Plan and legally applicable to Participant (“Tax-Related Items”), Participant acknowledges that the ultimate liability for all Tax-Related Items is and remains
Participant’s responsibility. To satisfy any withholding obligations of the Company or an Affiliate with respect to Tax-Related Items, the Company will withhold Shares otherwise issuable upon vesting of the PSUs. To avoid negative accounting
treatment, the Company may withhold for Tax-Related Items by considering applicable minimum statutory withholding amounts or other applicable withholding rates. Alternatively, or in addition, the Company may satisfy such withholding obligations by
(a) withholding from Participant’s wages or other cash compensation paid to Participant by the Company or an Affiliate, (b) withholding from proceeds of the sale of Shares acquired upon vesting of the PSUs either through a voluntary
sale or through a mandatory sale arranged by the Company (on Participant’s behalf pursuant to this authorization), or (c) requiring Participant to tender a cash payment to the Company or an Affiliate in the amount of the Tax-Related Items.
The Company may refuse to deliver the Shares or the proceeds of the sale of Shares, if Participant fails to comply with his or her obligations in connection with the Tax-Related Items. 

  
 2 

 5. Recoupment Provision. In the event that Participant commits fraud or engages in intentional
misconduct that results in a need for the Company to restate its financial statements, then the Committee may direct the Company to (i) cancel any outstanding portion of the PSUs and (ii) recover all or a portion of the financial gain
realized by Participant through the PSUs. 
 6. Electronic Delivery and Participation. The Company may, in its sole discretion,
decide to deliver any documents related to participation in the Plan by electronic means. 
 Signed for and on behalf of the Company:

  

	
	  

	 Herbert L. Henkel

	Chairman of the Board
	Ingersoll-Rand plc

 This document constitutes part of a
prospectus covering securities that have been registered under the Securities Act of 1933 

  
 3 

 APPENDIX A 

 

					
	 Performance
 Level
	  	 If Ingersoll-Rand’s

performance in EPS
 Growth against the S&P

500 Industrial Index is in
 the...
	  	 % of target PSU

Achievement will
 be...

			
	 BELOW
 THRESHOLD
	  	0 TO 24.9TH PERCENTILE	  	0% (NO PAYOUT)
			
	THRESHOLD	  	25TH PERCENTILE	  	50%
			
		  	44.9TH PERCENTILE	  	75%
			
	TARGET	  	 BETWEEN THE 45TH

PERCENTILE AND THE

54.9TH PERCENTILE
	  	100%
			
		  	55TH PERCENTILE	  	125%
			
	SUPERIOR	  	 75TH PERCENTILE OR

GREATER
	  	200%

 — ACTUAL PSU ACHIEVEMENT WOULD BE CALCULATED FOR PERFORMANCE
OUTCOMES 
 BETWEEN THE RELATIVE PERCENTILE
RANKINGS DEFINED ABOVE (E.G., IF INGERSOLL-RAND’S 

PERFORMANCE IS IN THE 65TH PERCENTILE,
SEE EXAMPLE ON NEXT PAGE) 
 — THE ACTUAL PSU ACHIEVEMENT IS DETERMINED BASED ON
INGERSOLL-RAND’S EARNINGS 
 PER
SHARE (“EPS”) GROWTH RELATIVE TO THE S&P 500 INDUSTRIALS INDEX OVER THE 

THREE-YEAR PERFORMANCE PERIOD 

  
 4 

 APPENDIX A 

PSU ACHIEVEMENT EXAMPLE 
  

					
	AT GRANT (FEBRUARY 2010)	  
		
	 IR STOCK PRICE ON DATE OF
GRANT
	  	$	36.00	  
		
	 PSP TARGET AWARD VALUE
	  	$	72,000	  
		
	 PSP TARGET AWARD
	  	 	2,000 PSUs	  
	
	AT END OF 3-YEAR PERFORMANCE PERIOD (2010-2012; PAYOUT
EARLY 2013)	  
		
	 IR’S 3-YEAR EPS RELATIVE TO S&P 500
INDUSTRIALS INDEX
	  	 	65TH PERCENTILE	  
		
	 IR STOCK PRICE ON PAYOUT DATE
	  	$	54.00	  
		
	 % OF PSP TARGET AWARD EARNED
	  	 	162.50	% 
		
	 TOTAL PSU ACHIEVEMENT
	  	 	3,250 PSUs	  
		
	 TOTAL VALUE OF PSU ACHIEVEMENT (AWARD
IS PAID IN SHARES)
	  	$	175,500	  

  
 5

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