Document:

EX-10.1

 Exhibit 10.1 
  

 
  

AMETEK, INC. 
 DEFERRED
COMPENSATION PLAN 
  
  

Amended and Restated as of June 15, 2018 
  

 
  

 TABLE OF CONTENTS 

 

							
	 Article 1. Purpose
	  	 	1	 
			
	 1.01.
	 	 Purpose
	  	 	1	 
	 1.02.
	 	 Effective Date
	  	 	1	 
		
	 Article 2. Definitions and Construction
	  	 	2	 
			
	 2.01.
	 	 Definitions
	  	 	2	 
	 2.02.
	 	 Construction
	  	 	6	 
		
	 Article 3. Eligibility and Participation
	  	 	7	 
			
	 3.01.
	 	 Eligibility and Participation
	  	 	7	 
	 3.02.
	 	 Change in Employment Status
	  	 	7	 
		
	 Article 4. Election Requirements
	  	 	8	 
			
	 4.01.
	 	 Bonus Compensation Deferral Election Filing Deadline
	  	 	8	 
	 4.02.
	 	 New Eligible Employees
	  	 	8	 
	 4.03.
	 	 2005 Plan Year Re-Deferral Election
	  	 	8	 
		
	 Article 5. Accounts
	  	 	9	 
			
	 5.01.
	 	 Accounts and Sub-Accounts
	  	 	9	 
	 5.02.
	 	 Amounts Allocated to Accounts
	  	 	9	 
	 5.03.
	 	 Earnings on Accounts
	  	 	9	 
	 5.04.
	 	 Vesting of Accounts
	  	 	9	 
	 5.05.
	 	 No Actual Investment
	  	 	9	 
	 5.06.
	 	 Statement of Accounts
	  	 	10	 
	 5.07.
	 	 Distributions from Sub-Accounts
	  	 	10	 
		
	 Article 6. Payment of Plan Benefits
	  	 	11	 
			
	 6.01.
	 	 Payments from the Retirement Distribution Account
	  	 	11	 
	 6.02.
	 	 Payments from the In-Service Distribution Account
	  	 	12	 
	 6.03.
	 	 Payments Upon Death of Participant
	  	 	14	 
	 6.04.
	 	 Payments in the Event of an Emergency
	  	 	14	 
	 6.05.
	 	 Payments Upon Disability of Participant
	  	 	15	 
	 6.06.
	 	 Payments Upon a Change in Control
	  	 	15	 
	 6.07.
	 	 Administrative Acceleration or Delay of Payment
	  	 	15	 
	 6.08.
	 	 Withholding
	  	 	16	 
	 6.09.
	 	 Payment to Guardian
	  	 	16	 
	 6.10.
	 	 Effect of Payment
	  	 	16	 
		
	 Article 7. Beneficiary Designation
	  	 	17	 
			
	 7.01.
	 	 Beneficiary Designation
	  	 	17	 
	 7.02.
	 	 Changing Beneficiary
	  	 	17	 
	 7.03.
	 	 No Beneficiary Designation
	  	 	17	 
	 7.04.
	 	 Effect of Payment
	  	 	17	 

  

			
	  
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	 Article 8. Administration of the Plan
	  	 	18	 
			
	 8.01.
	 	 Committee Duties
	  	 	18	 
	 8.02.
	 	 Agents
	  	 	18	 
	 8.03.
	 	 Binding Effect of Decisions
	  	 	18	 
	 8.04.
	 	 Indemnity of Committee
	  	 	18	 
	 8.05.
	 	 Election of Committee After Change in Control
	  	 	18	 
		
	 Article 9. Claims Procedure
	  	 	19	 
			
	 9.01.
	 	 Claim
	  	 	19	 
	 9.02.
	 	 Denial of Claim
	  	 	19	 
	 9.03.
	 	 Review of Claim
	  	 	19	 
	 9.04.
	 	 Final Decision
	  	 	19	 
	 9.05.
	 	 Claims for Disability Benefits
	  	 	20	 
		
	 Article 10. Amendment and Termination of Plan
	  	 	21	 
		
	 Article 11. Miscellaneous
	  	 	22	 
			
	 11.01.
	 	 Hypothetical Accounts
	  	 	22	 
	 11.02.
	 	 Company Obligation
	  	 	22	 
	 11.03.
	 	 Trust Fund
	  	 	22	 
	 11.04.
	 	 Nonassignability
	  	 	22	 
	 11.05.
	 	 Not a Contract of Employment
	  	 	23	 
	 11.06.
	 	 Protective Provisions
	  	 	23	 
	 11.07.
	 	 Governing Law
	  	 	23	 
	 11.08.
	 	 Severability
	  	 	23	 
	 11.09.
	 	 Headings
	  	 	23	 
	 11.10.
	 	 Notice
	  	 	23	 
	 11.11.
	 	 Successors
	  	 	24	 
		
	 EXHIBIT A
	  	 	25	 
		
	 APPENDIX A
	  	 	A-1	 

  

			
	  
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 ARTICLE 1. PURPOSE 

 

	1.01.	 Purpose. 

The AMETEK, Inc. Deferred Compensation Plan (the “Plan”), is intended to provide additional retirement benefits and increased
financial security, on a tax-favored basis, to a select group of management and highly compensated employees of AMETEK, Inc. These individuals may defer a portion of their annual incentive bonus under the Plan
if their compensation (as defined under the Plan) exceeds the compensation limits of section 401(a)(17) of the Code. 
  

	1.02.	 Effective Date. 

The Plan, as hereby amended and restated, is effective with respect to amounts that were not deferred or vested (within the meaning of section
409A of the Code) before January 1, 2005, and any earnings on such amounts. Amounts deferred and vested (within the meaning of section 409A of the Code) before January 1, 2005 and earnings on such amounts are not affected by this amendment
and restatement of the Plan—and remain subject to the terms of the October 1, 1999 plan document, as amended from time to time—which are set forth in Appendix A to this June 15, 2018, amendment and restatement. For recordkeeping
purposes, the Company will establish separate accounts for each Participant for amounts deferred and vested before January 1, 2005, and amounts deferred and vested on or after that date. 

  

			
	  
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 ARTICLE 2. DEFINITIONS AND CONSTRUCTION 

 

	2.01.	 Definitions. 

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

 

	 	(a)	 Account. “Account” or “Accounts” means the hypothetical
Retirement Distribution Account and/or In-Service Distribution Account established on the books of the Company pursuant to Section 5.01. 

 

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

 

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

  

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

  

	 	(e)	 Bonus Compensation. “Bonus Compensation” means the portion of an Eligible
Employee’s Compensation consisting of the amount of the incentive to be paid to an Eligible Employee under the Company’s incentive compensation plan for a Plan Year, other than any bonus paid to an Eligible Employee that is characterized
by the Company as a “sign on bonus” or other non-recurring incentive bonus. 

  

	 	(f)	 Bonus Compensation Deferral. “Bonus Compensation Deferral” means that
portion of Eligible Bonus Compensation as to which an Eligible Employee has made an annual irrevocable election to defer receipt until the date specified under the In-Service Distribution Option and/or the
Retirement Distribution Option. 

  

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

  

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

 

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

  

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

 

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

  

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

  

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

  

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

  

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

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

For purposes of this Section 2.01(g), the following terms shall have the meanings set forth below: 

 

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

  

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

  

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

  

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

  

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

  

	 	(k)	 Compensation. “Compensation” means “compensation” as such term
is defined in Treas. Reg. § 1.415(c)-2(d)(4) without regard to the limitations of Code § 415, excluding reimbursements or other expense allowances, fringe benefits, moving expenses, deferred
compensation, welfare benefits, sign-on bonuses, imputed income with respect to split dollar life insurance, severance benefits (paid in any form), and amounts described in Treas. Reg. § 1.415(c)-2(c) but including (1) (a) amounts contributed by a Participant to a Plan that is “qualified” under Section 401(a) of the Code and (b) amounts otherwise excludible from the
Participant’s gross income under Section 125 of the Code and Section 132(f)(4) of the Code and (2) not including Bonus Compensation paid during that year but earned in the preceding year. 

 

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

  

	 	(m)	 Distribution Option. “Distribution Option” means the two distribution
options that are available under the Plan: the Retirement Distribution Option and the In-Service Distribution Option. 

  

	 	(n)	 Eligible Bonus Compensation. “Eligible Bonus Compensation” is the amount
calculated under the following formula: 

  

	 	(1)	 “Total Plan Year Compensation” is an Eligible Employee’s Bonus Compensation that is earned (not
paid) during a Plan Year plus the Eligible 

  

			
	  
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Employee’s Compensation for that same year, provided that the same Bonus Compensation shall not be included in Total Plan Year Compensation more than once. 

 

	 	(2)	 If the Eligible Employee’s Total Plan Year Compensation is less than or equal to the compensation limit in
effect under section 401(a)(17) of the Code for the Plan Year, then the Eligible Employee’s Eligible Bonus Compensation for that year shall be $0. 

  

	 	(3)	 If the Eligible Employee’s Total Plan Year Compensation is greater than the compensation limit in effect
under section 401(a)(17) for the Plan Year, then the Eligible Employee’s Eligible Bonus Compensation for that year shall be the lesser of (A) the Eligible Employee’s Bonus Compensation or (B) the amount by which the Eligible
Employee’s Total Plan Year Compensation exceeds the compensation limit in effect under section 401(a)(17) of the Code for that year. 

  

	 	(o)	 Eligible Employee. “Eligible Employee” means an employee of the Company
who is designated by the Committee, in its sole discretion, to be eligible to participate in the Plan pursuant to Section 3.01. 

  

	 	(p)	 Investment Funds. “Investment Funds” means the separate deemed investment
funds identified on Exhibit A of the Plan that a Participant may direct be used as a method to measure the growth of the Participant’s Bonus Compensation Deferrals, if any, while credited to the Participant’s Accounts.

  

	 	(q)	 In-Service Distribution Account. “In-Service Distribution Account” means the Account maintained for a Participant to which Bonus Compensation Deferrals are credited pursuant to the In-Service
Distribution Option. 

  

	 	(r)	 In-Service Distribution Option. “In-Service Distribution Option” means the Distribution Option pursuant to which benefits are payable in accordance with Section 6.02. 

 

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

 

	 	(t)	 Plan. “Plan” means this AMETEK, Inc. Deferred Compensation Plan, as it
may be amended from time to time. 

  

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

  

	 	(v)	 Pre-2018
Sub-Account. A type of Sub-Account described in Section 5.01 that is established and maintained within each Account for all Bonus Compensation
Deferrals, if any, made by a Participant before June 15, 2018, and any earnings on such amounts. 

  

	 	(w)	 Retirement. “Retirement” or “Retires” means a
Participant’s Separation from Service with the Company (for reasons other than death) at or after attaining age 55 and completing 10 or more Years of Service. 

  

			
	  
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	 	(x)	 Retirement Distribution Account. “Retirement Distribution Account” means
the Account maintained for a Participant to which Bonus Compensation Deferrals are credited pursuant to the Retirement Distribution Option. 

  

	 	(y)	 Retirement Distribution Option. “Retirement Distribution Option” means
the Distribution Option pursuant to which benefits are payable in accordance with Section 6.01. 

  

	 	(z)	 Section. “Section” means a section of this Plan. 

 

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

  

	 	(bb)	 Sub-Account.
“Sub-Account” means a hypothetical sub-account within a Retirement Distribution Account or In-Service Distribution
Account established on the books of the Company pursuant to Section 5.01. A Sub-Account within a Retirement Distribution Account is a “Retirement Distribution
Sub-Account,” and a Sub-Account within an In-Service Distribution Account is an
“In-Service Distribution Sub-Account.” Sub-Account includes a Pre-2018 Sub-Account. 

  

	 	(cc)	 Valuation Date. Effective October 1, 2018, “Valuation Date” means:

  

	 	(1)	 the distribution date if the distribution date is a business day; or 

 

	 	(2)	 the next business day following the distribution date if the distribution date is not a business day
(e.g., falls on a weekend or holiday). 

 From June 15, 2018 through September 30, 2018, “Valuation
Date” means the last business day of the calendar month preceding the date of payment, except for Section 6.06, “Valuation Date” means the last business day of the Plan Year preceding the date of payment. 

 

	 	(dd)	 Voting Securities. “Voting Securities” means the common securities of
AMETEK, Inc. that carry the right to vote generally in the election of directors. 

  

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

  

	2.02.	 Construction. 

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

 

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

  

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

  

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

  

			
	  
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 ARTICLE 3. ELIGIBILITY AND PARTICIPATION 

 

	3.01.	 Eligibility and Participation. 

Eligibility to participate in the Plan shall be limited to that select group of management and/or highly compensated employees of the Company
whom the Committee designates as eligible to participate in the Plan. An Eligible Employee shall become a Participant in the Plan when he first makes a Bonus Compensation Deferral election pursuant to Article 4. 

 

	3.02.	 Change in Employment Status. 

If the Committee determines that a Participant’s position is no longer at a level that warrants reward through participation in this Plan,
but does not terminate the Participant’s employment with the Company, (1) the Participant shall not be permitted to make a Bonus Compensation Deferral election for the Plan Year specified by the Committee and each Plan Year thereafter
until the Committee determines that the Participant has again become employed in a position that warrants full participation in the Plan; and (2) the Participant’s benefits under this Plan shall be limited to the balance in the
Participant’s Accounts as of the date so specified by the Committee, which shall be adjusted each subsequent year that the Participant remains an active employee of the Company (and does not again become employed in a position that warrants
full participation in the Plan) by the deemed earnings on the Investment Funds elected by the Participant. 
 If the Committee, in its sole
discretion, determines that the Participant no longer qualifies as a member of a select group of management or highly compensated employees, as determined in accordance with ERISA, the Committee may, in its sole discretion, take any action permitted
under section 409A of the Code as it deems necessary to preserve the status of the Plan as a “top hat” plan under ERISA. 

  

			
	  
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 ARTICLE 4. ELECTION REQUIREMENTS 

 

	4.01.	 Bonus Compensation Deferral Election Filing Deadline. 

 

	 	(a)	 Except as provided in Sections 4.02 and 4.03, below, an election to defer an amount equal to all or part
of an Eligible Employee’s Eligible Bonus Compensation shall be filed with the Committee at least six months before the end of the Plan Year in which the Bonus Compensation is earned (i.e. by June 30th); provided that, if the Bonus Compensation
is not “performance-based compensation” within the meaning of section 409A of the Code, the Bonus Compensation Deferral election shall be filed with the Committee no later than the last day of the Plan Year preceding the Plan Year in which
the Bonus Compensation is earned. The election, once filed, shall be irrevocable and shall remain in effect until the end of the Plan Year to which it pertains. 

 

	 	(b)	 An election made pursuant to Section 4.01(a) shall be in writing, in a form acceptable to the
Committee, and shall specify such information as required by the Committee. The Committee may establish minimum or maximum amounts that may be deferred under this Section 4.01 and may change such standards from time to time. Any such limits
shall be communicated by the Committee to the Participants before the commencement of a Plan Year. 

  

	4.02.	 New Eligible Employees. 

The Committee may, in its discretion, permit an employee who first becomes an Eligible Employee after the beginning of a Plan Year to make a
Bonus Compensation Deferral for that Plan Year by filing a completed and fully executed deferral election form, in accordance with Section 4.01(a), within thirty (30) days following the date the employee becomes an Eligible Employee,
unless he was previously eligible to participate in another account-based deferred compensation arrangement of the Company. If the Eligible Employee was previously eligible to participate in another account-based deferred compensation arrangement of
the Company, the Eligible Employee shall not be permitted to make a Bonus Compensation Deferral under this Section 4.02 or Section 4.01 for the Plan Year in which he is hired but shall be permitted to make a Bonus Compensation Deferral
pursuant to Section 4.01 for the Plan Year after the Plan Year in which he is hired and each subsequent Plan Year. Any Bonus Compensation Deferral made under this Section 4.02 shall apply only to Eligible Bonus Compensation earned for
services performed after the election is made. 
  

	4.03.	 2005 Plan Year Re-Deferral Election. 

For the 2005 Plan Year, an Eligible Employee may file the requisite deferral election form by March 15, 2005, to defer Bonus Compensation
actually or constructively received during the 2005 Plan Year after the date the election is filed. 

  

			
	  
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 ARTICLE 5. ACCOUNTS 

 

	5.01.	 Accounts and Sub-Accounts. 

The Committee shall establish and maintain separate Accounts and Sub-Accounts with respect to each
Participant. There are two types of Accounts: a Retirement Distribution Account and/or an In-Service Distribution Account. Each Account consists of one or more
Sub-Accounts. A new Sub-Account shall be established under an Account for each Bonus Compensation Deferral that is made on or after June 15, 2018. Effective
June 15, 2018, a Pre-2018 Sub-Account shall be established and maintained within each Account for all Bonus Compensation Deferrals, if any, made before
June 15, 2018, and earnings on those amounts. 
 The amount of the Bonus Compensation Deferral pursuant to Sections 4.01, 4.02, or 4.03
shall be credited by the Company to the Participant’s Sub-Accounts on the day such Bonus Compensation would otherwise have been paid, in accordance with the Distribution Options elected by the Participant
on his deferral election form. The Participant’s Accounts (and Sub-Accounts) shall be reduced by the amount of payments made by the Company to the Participant or the Participant’s Beneficiary
pursuant to this Plan and shall be adjusted to reflect investment gains and losses. 
  

	5.02.	 Amounts Allocated to Accounts. 

An Eligible Employee shall allocate his Bonus Compensation Deferrals between the Distribution Options; provided, however that 100% of such
Deferrals may be allocated to one or the other of the Distribution Options. 
  

	5.03.	 Earnings on Accounts. 

A Participant’s Accounts shall be credited with earnings from time to time in accordance with the deemed earnings on Investment Funds
elected by the Participant. Participants may allocate their Retirement Distribution Account and their In-Service Distribution Account among the Investment Funds available under the Plan in increments and at
times specified by the Committee. The deemed rate of return, positive or negative, credited under each Investment Fund is based upon the actual investment performance of the applicable Investment Funds listed on Exhibit A of the Plan. The Company
reserves the right, on a prospective basis, to add or delete Investment Funds. 
  

	5.04.	 Vesting of Accounts. 

A Participant’s Accounts shall be 100% vested at all times. 
  

	5.05.	 No Actual Investment. 

Notwithstanding that the returns credited to Participants’ Accounts are based upon the actual performance of the corresponding deemed
Investment Funds selected by a Participant, the Company shall not be obligated to invest any Bonus Compensation Deferrals by Participants under this Plan and the Participant shall have no interest in any amounts that are actually invested to pay
benefits under this Plan. 

  

			
	  
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	5.06.	 Statement of Accounts. 

The Committee shall provide to each Participant, not less frequently than annually, a statement in such form as the Committee deems desirable
setting forth the balance standing to the credit of each Participant in each of his Accounts. 
  

	5.07.	 Distributions from Sub-Accounts. 

Any distribution made to or on behalf of a Participant from one or more of the Participant’s
Sub-Accounts in an amount that is less than the entire balance of any such Sub-Account shall be made pro rata from each of the Investment Funds to which such Sub-Account is then allocated except, and only to the extent, that the Participant (or Beneficiary, if applicable) elects, before the scheduled distribution date, to receive a distribution in shares of Voting
Securities, up to the value of the amount to be distributed. Distributions shall be in the form of cash, except that a Participant may elect to receive deemed investments in Voting Securities (including deemed investments in the AMETEK Company Stock
Fund) in shares of Voting Securities. 

  

			
	  
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 ARTICLE 6. PAYMENT OF PLAN BENEFITS 

 

	6.01.	 Payments from the Retirement Distribution Account. 

Except as provided in Sections 6.03, 6.04, 6.05, and 6.06, benefits under the Retirement Distribution Option shall be paid to a Participant as
follows: 
  

	 	(a)	 General. Unless otherwise elected pursuant to Section 6.01(b) or modified
pursuant to Section 6.01(c), a Participant who Retires shall receive his Retirement Distribution Account in the form of a lump sum on the later of (1) the January 31 following the Participant’s Retirement or (2) the first
day of the seventh month following the Participant’s Retirement. 

  

	 	(b)	 Distribution Election. A Participant may elect a form or time of payment other than
those provided in Section 6.01(a) for a Retirement Distribution Sub-Account, other than a Pre-2018 Sub-Account, by filing a
distribution election form for the Retirement Distribution Sub-Account with the Committee at the same time he makes a Bonus Compensation Deferral under the Plan to the Retirement Distribution Sub-Account. The distribution election for any Pre-2018 Sub-Account of a Retirement Distribution Account is the distribution election
on file for the Sub-Account as of June 15, 2018. The distribution election shall determine the time and manner of the distribution from the Participant’s Retirement Distribution Sub-Account under this Section 6.01 if the Participant Retires, unless the election is modified pursuant to Section 6.01(c). 

 

	 	(1)	 Optional Forms of Distribution. A Participant who does not wish to receive a Retirement Distribution Sub-Account in the form of a lump sum may elect to receive the Retirement Distribution Sub-Account in the form of up to fifteen (15) annual installments.

  

	 	(2)	 Optional Times for Distribution. A Participant who does not wish to receive a Retirement Distribution Sub-Account as provided in Section 6.01(a) may elect for distribution of the Retirement Distribution Sub-Account to commence on one of the following:
(A) January 31 of the second, third, fourth or fifth Plan Year following the Participant’s Retirement or (B) the latest of (i) January 31 of the Plan Year following the Participant’s Retirement,
(ii) January 31 of the Plan Year following the year in which the Participant becomes age 65, or (iii) the first day of the seventh month after the Participant’s Retirement. 

 

	 	(c)	 Modification of Distribution Election. After making his initial distribution
election pursuant to Section 6.01(b) or making a Bonus Compensation Deferral that is subject to the default distribution rule set forth in Section 6.01(a), a Participant may file an election with the Committee, in a form satisfactory to
the Committee, to modify the payment date or to specify that a Retirement Distribution Sub-Account be paid in installments rather than a lump sum or in a greater number of annual installments (but not more
than fifteen (15) annual installments); provided, however, that such election: 

  

	 	(1)	 is filed with the Committee at least twelve (12) months prior to the date of the first scheduled payment;

  

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

  

	 	(3)	 defers the lump sum payment or the first installment payment with respect to which such election is made for a
period of not less than five (5) years from the date such payment would have otherwise been made; 

  

	 	(4)	 does not accelerate payment of the Retirement Distribution Sub-Account;
and 

  

	 	(5)	 does not request more than fifteen (15) annual installments. 

 

	 	(d)	 Amount of Payments. 

 

	 	(1)	 Lump sum payment. Any lump-sum benefit payable from a Retirement
Distribution Sub-Account in accordance with this Section 6.01 shall be paid in an amount equal to the value of the Retirement Distribution Sub-Account as of the
Valuation Date. 

  

	 	(2)	 Installment Payments. If annual installments are elected for a Retirement Distribution Sub-Account in accordance with this Section 6.01, the amount of the first annual installment payment shall equal (A) the value of the Retirement Distribution
Sub-Account as of the Valuation Date, divided by (B) the number of annual installment payments elected by the Participant. The remaining annual installments shall be paid on January 31 of each
succeeding Plan Year in an amount equal to (C) the value of the Retirement Distribution Sub-Account as of the Valuation Date divided by (D) the number of installments remaining.

  

	 	(e)	 Benefits Upon Separation from Service. Any Retirement Distribution Sub-Account of a Participant who Separates from Service (other than by reason of the Participant’s death or Retirement) before the date on which the Retirement Distribution
Sub-Account would otherwise be distributed shall be distributed in a lump sum on the later of (1) the January 31 following the Participant’s Separation from Service or (2) the first day of
the seventh month after the Participant’s Separation from Service. 

  

	6.02.	 Payments from the In-Service Distribution Account.

 Except as provided in Sections 6.03, 6.04, 6.05, and 6.06, benefits under the
In-Service Distribution Option shall be paid to a Participant as follows: 
  

	 	(a)	 General. Except as provided in Section 6.02(e), otherwise elected pursuant to
Section 6.02(b), or otherwise modified in accordance with Section 6.02(c), a Participant’s In-Service Distribution Sub-Account shall be paid in a lump sum
on the date that occurs two years after the Participant elects to allocate a portion of his Bonus Compensation Deferral to the In-Service Distribution Sub-Account.

  

	 	(b)	 Distribution Election. A Participant may elect a form or time of payment other than
those provided in Section 6.02(a) for an In-Service Distribution Sub-Account by filing a distribution election form for the
In-Service Distribution Sub-Account with the Committee at the same time that he makes a Bonus Compensation Deferral to

  

			
	  
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the In-Service Distribution Sub-Account. Except as provided in Section 6.02(e), this distribution election
shall determine the time and manner of the distribution from the Participant’s In-Service Distribution Sub-Account unless the election is modified pursuant to
Section 6.02(c). 

  

	 	(1)	 Optional Forms of Distribution. A Participant who does not wish to receive an In-Service Distribution Sub-Account in the form of a lump sum may elect to receive the In-Service Distribution Sub-Account in the form of up to fifteen (15) annual installments. 

  

	 	(2)	 Optional Times for Distribution. A Participant who does not wish to receive an In-Service Distribution Sub-Account as provided in Section 6.02(a) may elect for distribution of the In-Service Distribution Sub-Account to commence on any specified future date occurring no earlier than January 1 of the Plan Year following the first anniversary of the Bonus Compensation Deferral related to the Sub-Account. 

  

	 	(c)	 Modification of Distribution Election. After making his initial distribution
election pursuant to Section 6.02(b) or making a Bonus Compensation Deferral that is subject to the default distribution rule set forth in Section 6.02(a), a Participant may file an election with the Committee, in a form satisfactory to
the Committee, to modify the payment date or to specify that his In-Service Distribution Account be paid in installments rather than a lump sum or in a greater number of annual installments (but not more than
fifteen (15) annual installments); provided, however, that such election: 

  

	 	(1)	 is filed with the Committee at least twelve (12) months prior to the date of the first scheduled payment;

  

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

  

	 	(3)	 defers the lump sum payment or the first installment payment with respect to which such election is made for a
period of not less than five (5) years from the date such payment would have otherwise been made; 

  

	 	(4)	 does not accelerate payment of the In-Service Distribution Account; and

  

	 	(5)	 does not request more than fifteen (15) annual installments. 

 

	 	(d)	 Amount of Payments. 

 

	 	(1)	 Lump Sum. Any lump-sum amount payable from an In-Service Distribution Sub-Account in accordance with this Section 6.02 shall be paid in an amount equal to the value of the
In-Service Distribution Sub-Account as of the Valuation Date. 

  

	 	(2)	 Installment Payments. If annual installment payments are elected for an
In-Service Distribution Sub-Account in accordance with this Section 6.02, the first annual installment payment shall equal (A) the value of the In-Service Distribution Sub-Account as of the Valuation Date, divided by (B) the number of annual installment payments elected by the Participant. The

  

			
	  
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remaining annual installments shall be paid on January 31 of each succeeding Plan Year in an amount equal to (A) the value of the In-Service
Distribution Sub-Account as of the Valuation Date divided by (B) the number of installments remaining. 

  

	 	(e)	 Benefits Upon Separation from Service. If a Participant Separates from Service
prior to the date on which an In-Service Distribution Sub-Account would otherwise be distributed, other than by reason of his death, any amounts credited to the In-Service Distribution Sub-Account shall be distributed in a lump sum on the later of (1) January 31 following the Participant’s Separation from Service or
(2) the first day of the seventh month after the Participant’s Separation from Service. 

  

	6.03.	 Payments Upon Death of Participant. 

 

	 	(a)	 Death of Participant Before the Commencement of Benefits. 

If a Participant dies before he begins to receive his benefits from one or more Sub-Accounts in
accordance with Section 6.01 or 6.02, the sum of benefits due from all such Sub-Accounts shall be paid to the Participant’s Beneficiary in a single lump sum on the first day of the month following
the Participant’s death, in lieu of any benefits otherwise payable under the Plan to or on behalf of such Participant. The amount of any lump sum benefit payable in accordance with this Section 6.03 shall equal the value of such Sub-Accounts as of the Valuation Date. 
  

	 	(b)	 Death of Participant After Benefits Have Commenced. 

If a Participant dies after annual installments payable under Section 6.01 or 6.02 from a
Sub-Account has commenced, but before the entire balance of any such Sub-Account has been paid, any remaining installments shall be paid in lump sum on the first day of
the month following the Participant’s death. If installments remain to be paid from more than one Sub-Account, a single lump sum payment will be made on the first day of the month following the
Participant’s death equal to the sum of the remaining installments for all such Sub-Accounts. 
  

	6.04.	 Payments in the Event of an Emergency. 

 

	 	(a)	 Eligibility for Emergency Benefit. 

If the Committee, in its sole discretion, determines, upon written request of a Participant, that the Participant has suffered an
unforeseeable financial emergency (within the meaning of section 409A of the Code), the Company shall pay to the Participant from the Participant’s Accounts, within thirty (30) days following such determination, an amount necessary to meet
the emergency, after deduction of any and all taxes as may be required pursuant to Section 6.08 (the “Emergency Benefit”). For purposes of this Plan, an unforeseeable financial emergency is an unexpected need for cash arising from an
illness or accident of the Participant, the Participant’s spouse or dependent; loss of the Participant’s property due to casualty; or other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the
control of the Participant. It is intended that the Committee’s determination as to whether a Participant has suffered an “unforeseeable financial 

  

			
	  
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emergency” shall be made consistent with the requirements under section 409(A) of the Code. Cash needs arising from foreseeable events such as the purchase of a house or education expenses
for children shall not be considered to be the result of an unforeseeable financial emergency. 
  

	 	(b)	 Source of Payment. 

Emergency Benefits shall be paid first from the Participant’s In-Service Distribution Account, if
any, to the extent the balance of such In-Service Distribution Account is sufficient to meet the emergency. If the distribution exhausts the In-Service Distribution
Account, the Retirement Distribution Account may be accessed. Emergency Benefits shall be paid from the Sub-Accounts within each Account in sequential order based on distribution date starting with the Sub-Account with the earliest distribution date. With respect to that portion of any Account that is distributed to a Participant as an Emergency Benefit in accordance with this Section 6.04, no further benefit
shall be payable to the Participant under this Plan. 
  

	 	(c)	 Restriction on Deferrals. 

Notwithstanding anything in this Plan to the contrary and to the extent permitted by section 409A of the Code, a Participant who receives an
Emergency Benefit in any Plan Year shall not be entitled to make a Bonus Compensation Deferral for such Plan Year. 
  

	6.05.	 Payments Upon Disability of Participant. 

If a Participant becomes disabled before he begins to receive his benefits in accordance with Section 6.01 or 6.02, benefits shall be paid
to the Participant in a lump sum within thirty (30) days after the Committee finds, in its sole discretion, that the Participant has a Disability. 
  

	6.06.	 Payments Upon a Change in Control. 

If there is a Change in Control, a Participant will receive the full amount credited to all Pre-2018 Sub-Accounts within the Participant’s Retirement Distribution Account and In-Service Distribution Account in a lump sum. Any
lump-sum benefit payable in accordance with this paragraph shall be paid in, but not later than January 31 of, the Plan Year following the Plan Year in which such Change in Control occurs, in an amount
equal to the value of such Retirement Distribution Account and In-Service Distribution Account as of the Valuation Date. 
  

	6.07.	 Administrative Acceleration or Delay of Payment. 

A payment is treated as being made on the date when it is due under the Plan if the payment is made (a) no earlier than thirty
(30) days before the due date specified by the Plan or (b) on a date no later than the due date specified by the Plan that is either (1) in the same Plan Year (for a payment whose specified due date is on or before September 30) or
(2) by the fifteenth (15th) day of the third calendar month following the date specified by the Plan (for a payment whose specified due date is on or after October 1). 

  

			
	  
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	6.08.	 Withholding. 

The Company shall withhold from any payment made pursuant to this Plan any taxes the Company reasonably believes are required to be withheld
from such payments under local, state, or federal law. Unless otherwise determined by the Company, withholding obligations on Voting Securities shall be settled with Voting Securities, including Voting Securities that are part of a distribution that
gives rise to the withholding obligation. 
  

	6.09.	 Payment to Guardian. 

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

	6.10.	 Effect of Payment. 

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

  

			
	  
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 ARTICLE 7. BENEFICIARY DESIGNATION 

 

	7.01.	 Beneficiary Designation. 

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

	7.02.	 Changing Beneficiary. 

Any Beneficiary designation may be changed without the consent of the previously named Beneficiary by the filing of a new Beneficiary
designation with the Committee. 
  

	7.03.	 No Beneficiary Designation. 

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

 

	 	(a)	 the Participant’s surviving spouse; 

 

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

  

	 	(c)	 the Participant’s estate. 

 

	7.04.	 Effect of Payment. 

Payment to the Beneficiary shall completely discharge the Company’s obligations under this Plan. 

  

			
	  
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 ARTICLE 8. ADMINISTRATION OF THE PLAN 

 

	8.01.	 Committee Duties. 

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

 

	8.02.	 Agents. 

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

	8.03.	 Binding Effect of Decisions. 

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

	8.04.	 Indemnity of Committee. 

The Company shall indemnify and hold harmless each member of the Committee from any and all claims, losses, damages, expenses (including
counsel fees) and liability (including any amounts paid in settlement of any claim or any other matter with the consent of the Board) arising from any act or omission of such member, except when the same is due to gross negligence or willful
misconduct. 
  

	8.05.	 Election of Committee After Change in Control. 

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

  

			
	  
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 ARTICLE 9. CLAIMS PROCEDURE 

 

	9.01.	 Claim. 

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

 

	9.02.	 Denial of Claim. 

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

 

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

  

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

  

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

  

	9.03.	 Review of Claim. 

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

	9.04.	 Final Decision. 

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

  

			
	  
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	9.05.	 Claims for Disability Benefits. 

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

  

			
	  
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 ARTICLE 10. AMENDMENT AND TERMINATION OF PLAN 

The Plan may be amended, suspended, discontinued or terminated at any time by the Board; provided, however, that no such amendment, suspension, discontinuance
or termination shall reduce or in any manner adversely affect the rights of any Participant with respect to benefits that are payable or may become payable under the Plan based upon the balance of the Participant’s Retirement Account and In-Service Distribution Account as of the effective date of such amendment, suspension, discontinuance or termination. 

  

			
	  
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 ARTICLE 11. MISCELLANEOUS 

 

	11.01.	 Hypothetical Accounts. 

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

  

	11.02.	 Company Obligation. 

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

	11.03.	 Trust Fund. 

The Company shall be responsible for the payment of all benefits provided under the Plan. Before a Change in Control, at its discretion, the
Company may establish one (1) or more trusts, with such trustees as the Committee may approve, for the purpose of assisting in the payment of such benefits. Following a Change in Control, the Company shall establish one (1) or more trusts,
with such trustees as the Committee may approve, for the purpose of assisting in the payment of such benefits, including for the purpose of paying any such benefits that are not required to be paid immediately following a Change in Control in
accordance with Section 6.06. If, as a result of a Change in Control, Voting Securities will no longer exist, the Committee may, in its sole discretion, allocate the value of each Participant’s Voting Securities to an Investment Fund.
Although such a trust may be irrevocable, its assets shall be held for payment of all Company’s general creditors in the event of insolvency. To the extent any benefits provided under the Plan are paid from any such trust, Company shall have no
further obligation to pay them. If not paid from the trust, such benefits shall remain the obligation of Company. No assets of the trust or the Company shall become restricted to provide benefits under the Plan in connection with a change in the
Company’s financial health. 
  

	11.04.	 Nonassignability. 

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

  

			
	  
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maintenance owed by a Participant or any other person, nor be transferable by operation of law in the event of a Participant’s or any other person’s bankruptcy or insolvency, except
that the Committee may recognize a domestic relations order in accordance with procedures that it may establish for this purpose. 
  

	11.05.	 Not a Contract of Employment. 

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

	11.06.	 Protective Provisions. 

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

	11.07.	 Governing Law. 

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

	11.08.	 Severability. 

If any provision of this Plan is held unenforceable, the remainder of the Plan shall continue in full force and effect without regard to such
unenforceable provision and shall be applied as though the unenforceable provision were not contained in the Plan. In addition, if any provision of the Plan shall be found to violate section 409A of the Code or otherwise result in benefits under the
Plan being subject to income tax prior to distribution, such provision shall be void and unenforceable, and the Plan shall be administered without regard to such provision. 
  

	11.09.	 Headings. 

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

  

	11.10.	 Notice. 

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

  

			
	  
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	11.11.	 Successors. 

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

IN WITNESS WHEREOF, and as evidence of the adoption of this Plan by the Company, AMETEK, Inc. has executed the same this 15th day of June, 2018. 
  

			
	AMETEK, INC.
		
	BY:	 	 /s/ HENRY POLICARE

		 	Henry Policare
	
	DATE: June 15, 2018
	
	ATTEST
		
	BY:	 	 /s/ LYNN CARINO

		 	Assistant Corporate Secretary
		 	Lynn Carino

  

			
	  
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 EXHIBIT A TO AMETEK, INC. DEFERRED COMPENSATION PLAN 

LIST OF INVESTMENT FUNDS 
 Effective
June 15, 2018 through September 28, 2018 
  

	1.	 The “AMETEK Fund” which consists of deemed investments in whole and fractional shares
of Voting Securities based on the average closing price of the shares on the principal exchange on which the shares are traded for the last 10 trading days of the month preceding the deemed investment. Deemed dividends on the shares allocated to the
AMETEK Fund shall be credited to the Fund during a Plan Year when dividends are actually paid on shares of Voting Securities and shall be deemed to be invested in additional shares of Voting Securities on the last business day of such Plan Year
based on the closing price of the shares on the principal exchange on which the shares are traded for the first 10 trading days of December preceding the deemed investment. 

The AMETEK Fund shall be closed to new deemed investments, effective September 28, 2018 (the “Closing Date”). Any cash
representing deemed dividends credited to the AMETEK Fund during 2018 on or before the Closing Date shall be transferred to the AMETEK Company Stock Fund on October 1, 2018 (“Transferred Dividend Credits”). Likewise, the value of a
Participant’s deemed investment in Voting Securities in the AMETEK Fund shall be transferred to the AMETEK Company Stock Fund on October 1, 2018, and converted to unitized shares under the AMETEK Company Stock Fund as described below. 

 

	2.	 The “Interest Fund” which shall be deemed to earn compound interest on principal at one
and one-half percent higher than the 10-year Treasury Note rate as set forth in The Wall Street Journal as of the first business day of each calendar quarter.

 The Interest Fund with quarterly interest as described in this paragraph shall be closed to new deemed investments,
effective September 28, 2018. The interest rate for the third quarter of 2018 shall be equal to (1) the sum of one and one-half percent plus the 10-year
Treasury Note rate as set forth in The Wall Street Journal as of October 1, 2018, divided by (2) a fraction determined by dividing the number of days in the third quarter (92) by the number of days in the year (365). Any
interest due or owing under the Interest Fund as of September 28, 2018, shall be credited on September 28, 2018, prior to closing the Interest Fund. All deemed investments in the Interest Fund will be transferred to the daily interest
version of the Interest Fund (described below) effective October 1, 2018. 
 Effective October 1, 2018 

 

	1.	 “AMETEK Retirement and Savings Plan Investment Options”: The deemed investments
in the investment funds offered under the AMETEK, Inc. Retirement and Savings Plan, including the AMETEK Company Stock Fund. 

A Participant’s closing deemed investment balance in the AMETEK Fund as of the Closing Date, shall be deemed invested in the AMETEK
Company Stock Fund as of October 1, 2018. A Participant’s opening deemed investment balance in the AMETEK Company Stock Fund as of October 1, 2018 shall consist of: 

 

	 	(a)	 Unitized shares in the AMETEK Company Stock Fund equal to the deemed value of the Participant’s
hypothetical investment in Voting Securities in the AMETEK Fund on the Closing Date, determined using the closing price of the shares on the principal exchange on which the shares are traded as of the Closing Date; and 

  

			
	  
 AMETEK, Inc., Deferred
Compensation Plan
	  	  
 Exhibit
A

	 	(b)	 Unitized shares in the AMETEK Company Stock Fund equal to the deemed value of the Participant’s
Transferred Dividend Credits divided by the closing price of the unitized shares as of the Closing Date. 

  

	2.	 The “Interest Fund” which shall be deemed to earn compound interest on principal at one
and one-half percent higher than the 10-year Treasury Note rate as set forth in The Wall Street Journal as of each business day. 

A Participant’s opening deemed investment balance in this daily interest version of the Interest Fund as of October 1, 2018, shall
equal the Participant’s deemed closing balance, if any, in the quarterly interest version of the Interest Fund as of September 28, 2018. 

  

			
	  
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 APPENDIX A 

The following Plan provisions apply only to amounts earned and vested (within the meaning of Section 409A of the Code) before January 1, 2005,
and any earnings on such amounts (“Grandfathered Amounts”). Amounts earned and vested after December 31, 2004, and any earnings thereon, are subject to the provisions of the Plan as amended and restated, effective January 1,
2005, or any subsequent amendment and restatement of the Plan. 
 The purpose of this Appendix A is to preserve the terms of the Plan that govern
Grandfathered Amounts, and to prevent the Grandfathered Amounts from becoming subject to Section 409A of the Code. No amendment to this Appendix A that would constitute a “material modification” for purposes of Section 409A shall
be effective unless the amending instrument specifically provides that it is intended to materially modify this Appendix A and to cause the Grandfathered Amounts to become subject to Section 409A of the Code. 

Although this Appendix A is intended to prevent the Grandfathered Amounts from being subject to Section 409A, neither the Company nor any Employer
(nor any representative of the Company) shall be liable for any adverse tax consequence suffered by a Participant or Beneficiary if a Grandfathered Amount becomes subject to Section 409A. 

AMETEK, Inc. 
 Deferred
Compensation Plan 
 Effective October 1, 1999 

ARTICLE 1 
 PURPOSE

 In recognition of the services provided by certain key employees, the Board of Directors of AMETEK, Inc. hereby adopts the AMETEK,
Inc Deferred Compensation Plan (the “Plan”) to make additional retirement benefits and increased financial security, on a tax-favored basis, available to those individuals, effective October 1,
1999. 
 ARTICLE 2 

DEFINITIONS 

Affiliate. “Affiliate” means any firm, partnership, or corporation that directly or indirectly through one or more
intermediaries, controls, is controlled by, or is under common control with AMETEK. “Affiliate” also includes any other organization similarly related to the Company that is designated as such by the Board. 

AMETEK. “AMETEK” means AMETEK, Inc. 

Beneficiary. “Beneficiary” means the person or persons designated as such in accordance with Section 12.3. 

  

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

Bonus Compensation. “Bonus Compensation” means the portion of an Eligible Employee’s Compensation consisting of the
amount of the incentive to be paid to an Eligible Employee under the Company’s incentive compensation plan for a Plan Year which does not include any bonus paid to an Eligible Employee and characterized by the Company as a “sign on
bonus” or other “non-recurring incentive bonus.” 
 Bonus Compensation
Deferral. “Bonus Compensation Deferral” means that portion of Bonus Compensation as to which an Eligible Employee has made an annual irrevocable election to defer receipt until the date specified under the In-Service Distribution Option and/or the Retirement Distribution Option. 
 Change of Control.
“Change of Control” means: 
 1.    Any person (except the Participant, the Participant’s affiliates and
associates, the Company, any subsidiary of the Company, any employee benefit plan of the Company or of any subsidiary of the Company, or any person or entity organized, appointed or established by the Company for or pursuant to the terms of any such
employee benefit plan), together with all affiliates and associates of such person, becomes the beneficial owner, directly or indirectly, in the aggregate of 20% or more of the value of the outstanding equity or combined voting power of the then
outstanding Voting Securities; or 
 2.    The stockholders of AMETEK approve a merger or consolidation the result of
which is that the stockholders of AMETEK do not own or control at least 50% or more of the value of the outstanding equity or combined voting power of the then outstanding Voting Securities, or there occurs a sale or other disposition of all or
substantially all of AMETEK’s assets or a plan of liquidation is approved; provided, however, that an internal reorganization, even if the employment of the Participant is transferred to another company, shall not constitute a “Change of
Control” if the stockholders of AMETEK own or control, directly or indirectly, at least 50% or more of the value of the outstanding equity or combined voting power of the then outstanding voting securities of the new company entitled to vote
generally in the election of directors of that company. 
 Code. “Code” means the Internal Revenue Code of 1986, as amended
from time to time. 
 Committee. “Committee” means the persons appointed by the Board to administer the Plan and which also
may act for the Company or the Board in making decisions and performing specified duties under the Plan. 
 Company.
“Company” means AMETEK and any Affiliate which is authorized by the Board to adopt the Plan and cover its Eligible Employees and whose designation as such has become effective upon acceptance of such status by the board of directors of the
Affiliate. An Affiliate may revoke its acceptance of such designation at any time, but until such acceptance has been revoked, all the provisions of the Plan and amendments thereto shall apply to the Eligible Employees of the Affiliate. In the event
the designation is revoked by the board of directors of an Affiliate, the Plan shall be deemed terminated only with respect to such Affiliate. 

Compensation. “Compensation” shall mean Bonus Compensation earned in a Plan Year plus the total remuneration paid to the
Eligible Employee for the Plan Year in which the Bonus Compensation is earned, in excess of the compensation limit of section 401(a)(17) of the Code, as in effect from time to time ($160,000 on the Effective Date). 

  

			
	  
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 Disabled. “Disabled” means a mental or physical condition which would
qualify a Participant for benefits under the AMETEK Long Term Disability Plan if he or she were a participant in that plan. 

Distribution Option. “Distribution Option” means the two distribution options which are available under the Plan, consisting
of the Retirement Distribution Option and the In-Service Distribution Option. 
 Distribution
Option Account. “Distribution Option Account” or “Accounts” means, with respect to a Participant, the Retirement Distribution Account and/or the In-Service Distribution Account
established on the books of account of the Company, pursuant to Section 5.1. 
 Earnings Crediting Options. “Earnings
Crediting Options” means the deemed Investment Funds that may be selected by the Participant from time to time pursuant to which deemed earnings are credited to the Participant’s Distribution Option Accounts. 

Effective Date. “Effective Date” means the effective date of the Plan which is October 1, 1999. 

Eligible Employee. “Eligible Employee” means an Employee who (i) the Committee determines is scheduled, in the next Plan
Year, to have Compensation, and (ii) is designated by the Committee, acting on behalf of the Company, as eligible to participate in the Plan. 

Employee. “Employee” means any individual employed by the Company on a regular, full-time basis (in accordance with the
personnel policies and practices of the Company), including citizens of the United States employed outside of their home country and resident aliens employed in the United States; provided, however, that to qualify as an “Employee” for
purposes of the Plan, the individual must be a member of a group of “key management or other highly compensated employees” within the meaning of Sections 201, 301 and 401 of the Employee Retirement Income Security Act of 1974, as amended.

 Enrollment Agreement. “Enrollment Agreement” means the authorization form which an Eligible Employee files with the
Committee to participate in the Plan. 
 Investment Funds. “Investment Funds” means the separate deemed investments which a
Participant may direct be used to value the growth of the Participant’s Bonus Compensation Deferrals while credited to the Participant’s Accounts. On the Effective Date through September 28, 2018 there shall be two Investment Funds.
One Investment Fund shall be the “AMETEK Fund” consisting of deemed investments in whole and fractional shares of Voting Securities based on the average closing price of the shares on the principal exchange on which the shares are traded
for the last 10 trading days of the month preceding the deemed investment. Deemed dividends on the shares allocated to the AMETEK Fund shall be credited to the Fund during a Plan Year when dividends are actually paid on shares of Voting Securities
and shall be deemed to be invested in additional shares of Voting Securities on the last business day of such Plan Year based on the closing price of the shares on the principal exchange on which the shares are traded for the first 10 trading days
of December preceding the deemed investment. The second Investment Fund shall be the “Interest Fund” which shall be deemed to earn compound interest on principal at one and one-half percent
higher than the 10-year Treasury Note rate as set forth in The Wall Street Journal as of the first business day of each calendar quarter. Effective October 1, 2018, the Investment Funds shall be
those set forth in Exhibit A of the Plan as amended and restated on or after June 15, 2018 (“Exhibit A”), and transfers of deemed investments in the investment funds in effect on September 28, 2018 to those in effect on
October 1, 2018, shall occur as described in Exhibit A. 

  

			
	  
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 In-Service Distribution Account. “In-Service Distribution Account” means the Account maintained for a Participant to which Bonus Compensation Deferrals are credited pursuant to the In-Service Distribution Option. 

In-Service Distribution Option. “In-Service
Distribution Option” means the Distribution Option pursuant to which benefits are payable in accordance with Section 7.2. 

Participant. “Participant” means an Eligible Employee who has filed a completed and executed Enrollment Agreement with the
Committee or its designee and is participating in the Plan in accordance with the provisions of Article 4. In the event of the death or incompetency of a Participant, the term shall mean the Participant’s personal representative or guardian. An
individual shall remain a Participant until that individual has received full distribution of any amount credited to the Participant’s Account. 

Plan. “Plan” means this plan, called the AMETEK, Inc. Deferred Compensation Plan, as amended from time to time. 

Plan Year. “Plan Year” means the 12 month period beginning on each January 1 and ending on the following
December 31 except that the first Plan Year shall begin on the Effective Date. 
 Retirement. “Retirement” means the
termination of the Participant’s Service with the Company (for reasons other than death) at or after age 65, or, if the Participant has 10 or more years of Service, at or after age 55. 

Retirement Distribution Account. “Retirement Distribution Account” means the Account maintained for a Participant to which
Bonus Compensation Deferrals are credited pursuant to the Retirement Distribution Option. 
 Retirement Distribution Option.
“Retirement Distribution Option” means the Distribution Option pursuant to which benefits are payable in accordance with Section 7.1. 

Service. “Service” means the period of time during which an employment relationship exists between an Employee and the
Company ending on the Participant’s Termination Date, but including any period during which the Employee is on an approved leave of absence, whether paid or unpaid. “Service” also includes employment with an Affiliate if an Employee
transfers directly between the Company and the Affiliate. 
 Termination Date. “Termination Date” means the date of
termination of a Participant’s Service with the Company and its Affiliates and shall be determined without reference to any compensation continuation arrangement or severance benefit arrangement that may be applicable. 

Valuation Date. Effective October 1, 2018, “Valuation Date” means (1) the distribution date if the distribution
date is a business day; or (2) the next business day following the distribution date if the distribution date is not a business day (e.g., falls on a weekend or holiday). On the Effective Date through September 28, 2018, “Valuation
Date” means the last business day of the Plan Year preceding the date of payment, except for Sections 8.2 and 8.3, “Valuation Date” means the last business day of the calendar month immediately preceding the date on which the benefit
is paid. 

  

			
	  
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 Voting Securities. “Voting Securities” means the common securities of
AMETEK which carry the right to vote generally in the election of directors. 
 ARTICLE 3 

ADMINISTRATION OF THE PLAN AND DISCRETION 

3.1    The Committee shall have full power and authority to interpret the Plan, to prescribe, amend and rescind any rules,
forms and procedures as it deems necessary or appropriate for the proper administration of the Plan and to make any other determinations and to take any other such actions as it deems necessary or advisable in carrying out its duties under the Plan.
All action taken by the Committee arising out of, or in connection with, the administration of the Plan or any rules adopted thereunder, shall, in each case, lie within its sole discretion, and shall be final, conclusive and binding upon the
Company, the Board, all Employees, all Beneficiaries and all persons and entities having an interest therein. 

3.2    All expenses of administering the Plan shall be paid by the Company. 

3.3    The Company shall indemnify and hold harmless each member of the Committee from any and all claims, losses,
damages, expenses (including counsel fees) and liability (including any amounts paid in settlement of any claim or any other matter with the consent of the Board) arising from any act or omission of such member, except when the same is due to gross
negligence or willful misconduct. 
 3.4    Any decisions, actions or interpretations to be made under the Plan by the
Company, the Board or Committee, acting on behalf of either, shall be made in its respective sole discretion, not as a fiduciary and need not be uniformly applied to similarly situated individuals and shall be final, binding and conclusive on all
persons interested in the Plan. 
 ARTICLE 4 

PARTICIPATION 

4.1    Election to Participate. Annually, each Eligible Employee shall be offered the opportunity to elect a Bonus
Compensation Deferral. Any Eligible Employee may enroll in the Plan effective as of the first day of a Plan Year by filing a completed and fully executed Enrollment Agreement with the Committee by March 31 of the Plan Year during which such
Bonus Compensation is to be earned. Pursuant to said Enrollment Agreement, the Eligible Employee shall irrevocably elect (a) the percentage, in a whole percentage, or the dollar amount the Eligible Employee desires to be the Eligible
Employee’s Bonus Compensation Deferral (as a result of payroll reduction), (b) the Distribution Option Account(s), in 25% increments, to which such amounts will be credited, (c) the Investment Fund(s) selected by the Participant and
(d) such other information as the Committee shall require. The Enrollment Agreement filed by an Eligible Employee must also set forth the Participant’s initial election as to the time and manner of distribution of amounts credited to, and
related earnings from, the Retirement Distribution Account and/or the In-Service Distribution Account established pursuant to that Enrollment Agreement. The Committee may establish minimum or maximum amounts
that may be deferred under this Section and may change such standards from time to time. Any such limits shall be communicated by the Committee to the Participants prior to the commencement of a Plan Year. 

  

			
	  
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 4.2    New Eligible Employees. The Committee may, in its
discretion, permit Employees who first become Eligible Employees after the beginning of a Plan Year to enroll in the Plan for that Plan Year by filing a completed and fully executed Enrollment Agreement, in accordance with Section 4.1, as soon
as practicable following the date the Employee becomes an Eligible Employee but, in any event, within 30 days after such date. 
 ARTICLE
5 
 DISTRIBUTION OPTION ACCOUNTS 

5.1    Distribution Option Accounts. The Committee shall establish and maintain separate Distribution Option
Accounts with respect to each Participant. A Participant’s Distribution Option Accounts shall consist of the Retirement Distribution Account and/or an In-Service Distribution Account. The amount of the
Bonus Compensation Deferral pursuant to Section 4.1 or Section 4.2 shall be credited by the Company to the Participant’s Distribution Option Accounts on the day such Bonus Compensation would otherwise have been paid, in accordance
with the Distribution Option(s) irrevocably elected by the Participant in the Enrollment Agreement. Any amount once taken into account as Compensation for purposes of this Plan shall not be taken into account thereafter. The Participant’s
Distribution Option Accounts shall be reduced by the amount of payments made by the Company to the Participant or the Participant’s Beneficiary pursuant to this Plan. 

5.2    Earnings on Distribution Option Accounts. A Participant’s Distribution Option Accounts shall be
credited with earnings in accordance with the Earnings Crediting Options elected by the Participant from time to time. Participants may allocate their Retirement Distribution Account and their In-Service
Distribution Account among the Earnings Crediting Options available under the Plan in increments and at times specified by the Committee. The deemed rate of return, positive or negative, credited under each Earnings Crediting Option is based upon
the actual investment performance of the applicable Investment Fund. The Company reserves the right, on a prospective basis, to add or delete Investment Funds. 

5.3    Earnings Crediting Options. Notwithstanding that the returns credited to Participants’ Distribution
Option Accounts under the Earnings Crediting Options are based upon the actual performance of the corresponding deemed Investment Funds selected by a Participant, the Company shall not be obligated to invest any Bonus Compensation Deferrals by
Participants under this Plan. 
 5.4    Statement of Accounts. The Committee shall provide to each Participant,
not less frequently than annually, a statement in such form as the Committee deems desirable setting forth the balance standing to the credit of each Participant in each of his Distribution Option Accounts. 

5.5    Distributions from Accounts. Any distribution made to or on behalf of a Participant from one or more of the
Participant’s Distribution Option Accounts in an amount which is less than the entire balance of any such Account shall be made pro rata from each of the Earnings Crediting Options to which such Account is then allocated except, and only to the
extent, that the Participant (or Beneficiary, if applicable) elects to receive a distribution in shares of Voting Securities (including deemed investments in the AMETEK Company Stock Fund), up to the value of the amount to be distributed. 

  

			
	  
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 ARTICLE 6 

DISTRIBUTION OPTIONS 

6.1    Election of Distribution Option. In the first completed and fully executed Enrollment Agreement filed with
the Committee, an Eligible Employee shall elect the time and manner of payment for each of the Eligible Employee’s Distribution Option Accounts. Annually, the Eligible Employee shall allocate his or her Bonus Compensation Deferrals between the
Distribution Options in increments of 25%; provided, however that 100% of such Deferrals may be allocated to one or the other of the Distribution Options. 

6.2    Retirement Distribution Option. Subject to Section 7.1, distribution of the Participant’s
Retirement Distribution Account, if any, shall commence upon January 31st of (a) the Plan Year following the Participant’s Retirement, (b) the second Plan Year following the
Participant’s Retirement or (c) the later of the Plan Year following the Participant’s Retirement or the Plan Year following the year in which the Participant becomes age 65, as elected by the Participant in the Enrollment Agreement
pursuant to which such Retirement Distribution Account was established or otherwise as permitted under Section 7.1(a). 

6.3    In-Service Distribution Option. Subject to Section 7.2, the
Participant’s In-Service Distribution Account shall be distributed commencing in the Plan Year elected by the Participant in the Enrollment Agreement pursuant to which such
In-Service Distribution Account was established. Notwithstanding the foregoing, a Participant shall not be entitled to allocate any Bonus Compensation Deferrals to an
In-Service Distribution Account for the two Plan Years preceding the Plan Year which includes the date on which the In-Service Distribution Account is to be distributed.

 ARTICLE 7 
 BENEFITS
TO PARTICIPANTS 
 7.1    Benefits Under the Retirement Distribution Option. Benefits under the Retirement
Distribution Option shall be paid to a Participant as follows: 
 (a)    Benefits Upon Retirement. In the case
of a Participant whose Service with the Company terminates on account of Retirement, the Participant’s Retirement Distribution Account shall be distributed pursuant to one of the following methods, as elected by the Participant in writing
either in the Enrollment Agreement or in a separate election made as provided below: (i) in a lump sum; or (ii) in up to 5 annual installments. Payments shall commence in accordance with the Participant’s election pursuant to
Section 6.2. Any lump-sum benefit payable in accordance with this paragraph shall be paid in an amount equal to the value of such Retirement Distribution Account as of the Valuation Date. If annual
installments are elected in accordance with this paragraph, the amount of the first annual installment payment shall equal (i) the value of such Retirement Distribution Account as of the Valuation Date, divided by (ii) the number of annual
installment payments elected by the Participant. The remaining annual installments shall be paid not later than January 31 of each succeeding Plan Year in an amount equal to (i) the value of such Retirement Distribution Account as of the
Valuation Date divided by (ii) the number of installments remaining. A Participant may change the election regarding the manner of payment of the Participant’s Account, as described in Section 6.1, at any time prior to the earlier of
(i) the date of Retirement or (ii) June 30 of the Plan Year in which occurs the Participant’s Retirement. 

(b)    Benefits Upon Termination of Employment. In the case of a Participant whose Service with the Company
terminates prior to the earliest date on which the Participant is eligible for Retirement, other than by reason of death, a Participant’s Retirement Distribution Account shall be distributed in lump sum on (i) the January 31 following
the Participant’s Termination Date or (ii) such other date as is mutually agreed upon by the Company and the Participant. 

  

			
	  
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 7.2    Benefits Under the
In-Service Distribution Option. Benefits under the In-Service Distribution Option shall be paid to a Participant as follows: 

(a)    In-Service Distributions. In the case of a Participant who
continues in Service with the Company, the Participant’s In-Service Distribution Account shall be paid to the Participant commencing on January 31 of the Plan Year irrevocably elected by the
Participant in the Enrollment Agreement pursuant to which such In-Service Distribution Account was established, which may be no earlier than the third Plan Year following the end of the last Plan Year in which
Bonus Compensation Deferrals are to be credited to that In-Service Distribution Account, in one lump sum or in annual installments payable over 2, 3, or 4 years. Any
lump-sum benefit payable in accordance with this paragraph shall be paid on January 31 of the Plan Year elected by the Participant in accordance with Section 6.3, in an amount equal to the value of
such In-Service Distribution Account as of the Valuation Date. Annual installment payments, if any, shall commence not later than January 31 of the Plan Year as elected by the Participant in accordance
with Section 6.3, in an amount equal to (i) the value of such In-Service Distribution Account as of the Valuation Date, divided by (ii) the number of annual installment payments elected by the
Participant in the Enrollment Agreement pursuant to which such In-Service Distribution Account was established. The remaining annual installments shall be paid not later than January 31 of each succeeding
Plan Year in an amount equal to (i) the value of such In-Service Distribution Account as of the Valuation Date divided by (ii) the number of installments remaining. 

(b)    Benefits Upon Termination of Employment. In the case of a Participant whose Service with the Company
terminates prior to the date on which the Participant’s In-Service Distribution Account would otherwise be distributed, other than by reason of death, such
In-Service Distribution Account shall be distributed in a lump sum (i) on January 31 following the Participant’s Termination Date; or (ii) such other date as is mutually agreed upon by the
Company and the Participant. 
 ARTICLE 8 

SURVIVOR BENEFITS 

8.1    Death of Participant Prior to the Commencement of Benefits. In the event of a Participant’s death prior
to the commencement of benefits in accordance with Article 7, benefits shall be paid to the Participant’s Beneficiary, as determined under Section 12.3, pursuant to Section 8.2 or 8.3, whichever is applicable, in lieu of any benefits
otherwise payable under the Plan to or on behalf of such Participant. 
 8.2    Survivor Benefits Under the
Retirement Distribution Option. In the case of a Participant with respect to whom the Company has established a Retirement Distribution Account, and who dies prior to the commencement of benefits under such Retirement Distribution Account
pursuant to Section 7.1, distribution of such Retirement Distribution Account shall be made in a lump sum (a) as soon as practicable following the Participant’s death, or (b) such other date as is mutually agreed upon by the
Company and the Beneficiary. The amount of any lump sum benefit payable in accordance with this Section shall equal the value of such Retirement Distribution Account as of the Valuation Date. 

8.3    Survivor Benefits Under the In-Service Distribution Option. In the
case of a Participant with respect to whom the Company has established an In-Service Distribution 

  

			
	  
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Account, and who dies prior to the date on which such In-Service Distribution Account is to be paid pursuant to Section 7.2, distribution of such In-Service Distribution Account shall be made in a lump sum (a) as soon as practicable following the Participant’s death, or (b) such other date as is mutually agreed upon by the Company and the
Beneficiary. The amount of any lump sum benefit payable in accordance with this Section shall equal the value of such In-Service Distribution Account as of the Valuation Date. 

8.4    Death of Participant After Benefits Have Commenced. In the event a Participant dies after annual installment
benefits payable under Section 7.1 or 7.2 from the Participant’s Accounts has commenced, but before the entire balance of any such Account has been paid, any remaining installments shall be paid in lump sum (a) as soon as practicable
following the Participant’s death, or (b) such other date as is mutually agreed upon by the Company and the Beneficiary. 

ARTICLE 9 
 EMERGENCY
BENEFIT 
 In the event that the Committee, upon written request of a Participant, determines, in its sole discretion, that the
Participant has suffered an unforeseeable financial emergency, the Company shall pay to the Participant from the Participant’s Distribution Option Account, as soon as practicable following such determination, an amount necessary to meet the
emergency, after deduction of any and all taxes as may be required pursuant to Section 12.9 (the “Emergency Benefit”). For purposes of this Plan, an unforeseeable financial emergency is an unexpected need for cash arising from an
illness, casualty loss, sudden financial reversal, or other such unforeseeable occurrence. Cash needs arising from foreseeable events such as the purchase of a house or education expenses for children shall not be considered to be the result of an
unforeseeable financial emergency. Emergency Benefits shall be paid first from the Participant’s In-Service Distribution Account, if any, to the extent the balance of such
In-Service Distribution Account is sufficient to meet the emergency. If the distribution exhausts the In-Service Distribution Account, the Retirement Distribution
Account may be accessed. With respect to that portion of any Distribution Option Account which is distributed to a Participant as an Emergency Benefit, in accordance with this Article, no further benefit shall be payable to the Participant under
this Plan. Notwithstanding anything in this Plan to the contrary, a Participant who receives an Emergency Benefit in any Plan Year shall not be entitled to make any further deferrals for the remainder of such Plan Year. It is intended that the
Committee’s determination as to whether a Participant has suffered an “unforeseeable financial emergency” shall be made consistent with the requirements under section 457(d) of the Code. 

ARTICLE 10 
 ACCELERATED
DISTRIBUTION 
 10.1    Availability of Withdrawal Prior to Retirement. Upon the Participant’s written
election, the Participant may elect to withdraw all or a portion of the Participant’s Distribution Option Account at any time prior to the time such Distribution Option Account otherwise becomes payable under the Plan, provided the conditions
specified in Section 10.3, Section 10.4, and Section 10.5 are satisfied. 
 10.2    Acceleration of
Periodic Distributions. Upon the Participant’s written election, the Participant or Participant’s Beneficiary who is receiving installment payments under the Plan may elect to have all or a percentage of the remaining installments
distributed in the form of an immediately payable lump sum, provided the condition specified in Section 10.3 is satisfied. 

  

			
	  
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 10.3    Forfeiture Penalty. In the event of a withdrawal pursuant
to Section 10.1, or an accelerated distribution pursuant to Section 10.2, the Participant shall forfeit from his Distribution Option Account from which the withdrawal is made an amount equal to 10% of the amount of the withdrawal or
accelerated distribution, as the case may be. The forfeited amount shall be deducted from the applicable Distribution Option Account prior to giving effect to the requested withdrawal or acceleration. The Participant and the Participant’s
Beneficiary shall not have any right or claim to the forfeited amount, and the Company shall have no obligation whatsoever to the Participant, the Participant’s Beneficiary or any other person with regard to the forfeited amount. 

10.4    Minimum Withdrawal. In no event shall the amount withdrawn in accordance with Section 10.1 be less
than 25% of the amount credited to the Participant’s Distribution Option Account immediately prior to the withdrawal. 

10.5    Suspension from Deferrals. In the event of a withdrawal pursuant to Section 10.1, a Participant who is
otherwise eligible to make deferrals under Article 4 shall be prohibited from making any deferrals with respect to the Plan Year immediately following the Plan Year during which the withdrawal was made, and any election previously made by the
Participant with respect to deferrals for the Plan Year of the withdrawal shall be void and of no effect with respect to subsequent deferrals for such Plan Year. 

ARTICLE 11 
 CHANGE OF
CONTROL 
 In the case of a Change of Control, a Participant may make a one-time irrevocable
election, within 60 days after the closing of the transaction pursuant to which the Change of Control was occasioned, to receive the full amount credited to the Participant’s Retirement Distribution Account and
In-Service Distribution Account in a lump sum. Any lump-sum benefit payable in accordance with this paragraph shall be paid in, but not later than January 31 of,
the Plan Year following the Plan Year in which such closing occurs, in an amount equal to the value of such Retirement Distribution Account and In-Service Distribution Account as of the Valuation Date. 

ARTICLE 12 

MISCELLANEOUS 

12.1    Amendment and Termination. The Plan may be amended, suspended, discontinued or terminated at any time by
the Board; provided, however, that no such amendment, suspension, discontinuance or termination shall reduce or in any manner adversely affect the rights of any Participant with respect to benefits that are payable or may become payable under the
Plan based upon the balance of the Participant’s Retirement Account and In-Service Distribution Account as of the effective date of such amendment, suspension, discontinuance or termination. 

12.2    Claims Procedure. 

a.    Claim 

A person who believes that he is being denied a benefit to which he is entitled under the Plan (hereinafter referred to as a
“Claimant”) may file a written request for such benefit with the Committee, setting forth the claim. 

  

			
	  
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A-10

 b.    Claim Decision 

Upon receipt of a claim, the Committee shall advise the Claimant that a reply will be forthcoming within ninety (90) days and shall, in
fact, deliver such reply within such period. The Committee may, however, extend the reply period for an additional ninety (90) days for reasonable cause. 

If the claim is denied in whole or in part, the Claimant shall be provided a written opinion, using language calculated to be understood by
the Claimant, setting forth: 
 (a)    The specific reason or reasons for such denial; 

(b)    The specific reference to pertinent provisions of this Agreement on which such denial is based; 

(c)    A description of any additional material or information necessary for the Claimant to perfect his claim and an
explanation why such material or such information is necessary; 
 (d)    Appropriate information as to the steps to be
taken if the Claimant wishes to submit the claim for review; and 
 (e)    The time limits for requesting a review
under subsection (c) and for review under subsection (d) hereof. 
 c.    Request for Review 

Within sixty (60) days after the receipt by the Claimant of the written opinion described above, the Claimant may request in writing
that the Committee review the determination. The Claimant or his duly authorized representative may, but need not, review the pertinent documents and submit issues and comment in writing for consideration by the Committee. If the Claimant does not
request a review of the initial determination within such sixty (60) day period, the Claimant shall be barred and estopped from challenging the determination. 

d.    Review of Decision 

Within sixty (60) days after the Committee’s receipt of a request for review, it will review the initial determination. After
considering all materials presented by the Claimant, the Committee will render a written opinion, written in a manner calculated to be understood by the Claimant, setting forth the specific reasons for the decision and containing specific references
to the pertinent provisions of this Agreement on which the decision is based. If special circumstances require that the sixty (60) day time period be extended, the Committee will so notify the Claimant and will render the decision as soon as
possible, but no later than one hundred twenty (120) days after receipt of the request for review. 

12.3    Designation of Beneficiary. Each Participant may designate a Beneficiary or Beneficiaries (which
Beneficiary may be an entity other than a natural person) to receive any payments which may be made following the Participant’s death. Such designation may be changed or canceled at any time without the consent of any such Beneficiary. Any such

  

			
	  
 AMETEK, Inc., Deferred
Compensation Plan
	  	  
 Appendix A Page
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designation, change or cancellation must be made in a form approved by the Committee and shall not be effective until received by the Committee, or its designee. If no Beneficiary has been named,
or the designated Beneficiary or Beneficiaries shall have predeceased the Participant, the Beneficiary shall be the Participant’ s estate. If a Participant designates more than one Beneficiary, the interests of such Beneficiaries shall be paid
in equal shares, unless the Participant has specifically designated otherwise. 
 12.4    Limitation of
Participant’s Right. Nothing in this Plan shall be construed as conferring upon any Participant any right to continue in the employment of the Company, nor shall it interfere with the rights of the Company to terminate the employment of any
Participant and/or to take any personnel action affecting any Participant without regard to the effect which such action may have upon such Participant as a recipient or prospective recipient of benefits under the Plan. Any amounts payable hereunder
shall not be deemed salary or other compensation to a Participant for the purposes of computing benefits to which the Participant may be entitled under any other arrangement established by the Company for the benefit of its employees. 

12.5    No Limitation on Company Actions. Nothing contained in the Plan shall be construed to prevent the Company
from taking any action which is deemed by it to be appropriate or in its best interest. No Participant, Beneficiary, or other person shall have any claim against the Company as a result of such action. 

12.6    Obligations to Company. If a Participant becomes entitled to a distribution of benefits under the Plan, and
if at such time the Participant has outstanding any debt, obligation, or other liability representing an amount owing to the Company under a legally binding written instrument, then the Company may offset such amount owed to it against the amount of
benefits otherwise distributable. Such determination shall be made by the Committee. 
 12.7    Nonalienation of
Benefits. Except as expressly provided herein, no Participant or Beneficiary shall have the power or right to transfer (otherwise than by will or the laws of descent and distribution), alienate, or otherwise encumber the Participant’s
interest under the Plan. The Company’s obligations under this Plan are not assignable or transferable except to (a) any corporation or partnership which acquires all or substantially all of the Company’s assets or (b) any
corporation or partnership into which the Company may be merged or consolidated. The provisions of the Plan shall inure to the benefit of each Participant and the Participant’s Beneficiaries, heirs, executors, administrators or successors in
interest. 
 12.8    Withholding Taxes. The Company may make such provisions and take such action as it may deem
necessary or appropriate for the withholding of any taxes which the Company is required by any law or regulation of any governmental authority, whether Federal, state or local, to withhold in connection with any benefits under the Plan, including,
but not limited to, the withholding of appropriate sums from any amount otherwise payable to the Participant (or his Beneficiary). Each Participant, however, shall be responsible for the payment of all individual tax liabilities relating to any such
benefits. Unless otherwise determined by the Company, withholding obligations on Voting Securities shall be settled with Voting Securities, including Voting Securities that are part of a distribution that gives rise to the withholding obligation.

 12.9    Unfunded Status of Plan. The Plan is intended to constitute an “unfunded” plan of deferred
compensation for Participants. Benefits payable hereunder shall be payable out of the general assets of the Company, and no segregation of any assets whatsoever for such benefits shall be made. Notwithstanding any segregation of assets or transfer
to a grantor trust, with respect to any payments not yet made to a Participant, nothing contained herein shall give any such Participant any rights to assets that are greater than those of a general creditor of the Company. 

  

			
	  
 AMETEK, Inc., Deferred
Compensation Plan
	  	  
 Appendix A Page
A-12

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

12.11    Governing Law. The Plan shall be construed in accordance with and governed by the laws of the Commonwealth
of Pennsylvania, without reference to the principles of conflict of laws. 
 12.12    Headings. Headings are
inserted in this Plan for convenience of reference only and are to be ignored in the construction of the provisions of the Plan. 

12.13    Gender, Singular and Plural. All pronouns and any variations thereof shall be deemed to refer to the
masculine, feminine, or neuter, as the identity of the person or persons may require. As the context may require, the singular may read as the plural and the plural as the singular. 

12.14    Notice. Any notice or filing required or permitted to be given to the Committee under the Plan shall be
sufficient if in writing and hand delivered, or sent by registered or certified mail, to the Human Resources Department, or to such other entity as the Committee may designate from time to time. Such notice shall be deemed given as to the date of
delivery, or, if delivery is made by mail, as of the date shown on the postmark on the receipt for registration or certification. 

  

			
	  
 AMETEK, Inc., Deferred
Compensation Plan
	  	  
 Appendix A Page
A-13Exhibit

Exhibit 10.1

CONFORMIS, INC.
SECOND AMENDMENT TO THE 
AMENDED AND RESTATED EMPLOYMENT AGREEMENT

THIS SECOND AMENDMENT TO THE AMENDED AND RESTATED EMPLOYMENT AGREEMENT (the “Second Amendment”) is entered into and effective as of July 31, 2018 (the “Effective Date of the Second Amendment”) by and between Conformis, Inc. (previously known as ConforMIS, Inc.), a Delaware corporation (the “Company”), and Mark A. Augusti (the “Executive”)  and amends that certain letter agreement of employment dated October 19, 2016, as amended and restated effective December 2, 2016 and as amended by a first amendment effective August 1, 2017 (collectively the “Agreement”).
WHEREAS, the Company and Executive desire to amend the Agreement as set forth herein, 
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:
1.All capitalized terms used and not otherwise defined in this Second Amendment shall have the same meanings ascribed to them in the Agreement.
2.Section 11 of the Agreement is hereby deleted in its entirety and replaced with the following:
11. Vacation Time: You will be entitled to accrue the amount of Paid Time Off (“PTO”) per year generally available to senior officers of the Company, but in any event not less than five (5) weeks during each calendar year, prorated from the Effective Date.  Accrual and use of PTO is governed by the Company’s PTO Policy, including any limits on the maximum number of PTO hours that may be accrued in any calendar year or carried over from one calendar year to the next, which, as of the Effective Date of the Second Amendment, is a maximum of 200 hours of accrued PTO in any calendar year and no more than 80 hours of PTO carried over from one calendar year to the next calendar year.
3.Section 13 of the Agreement is hereby deleted in its entirety and replaced with the following:
		
	13.
	Severance Benefits: Notwithstanding the foregoing, in the event that the Company terminates your employment without “Cause” or you resign from employment with “Good Reason” (each term as defined below and in either case a “Qualifying Termination”), you will be eligible for the benefits outlined in sub-sections A, B, or C (the “Severance Benefits”), subject to the terms set forth in this letter agreement:

		
	A.
	If a Qualifying Termination occurs (x) prior to three (3) months before or (y) more than twenty-four (24) months following, a Change in Control Transaction (as defined below), and the Qualifying Termination occurs prior to the two-year anniversary of the Effective Date: (i) The Company will provide you with severance pay in the form of continuation of your base salary for a total of eighteen (18) months, such amount to be paid in accordance with the Company’s then current payroll practices, except as otherwise specified in this letter agreement, beginning on the Company’s first regular payroll date that occurs after the Payment Date (as defined below); (ii) the Company will pay to you (a) the bonus accrued by the Company for you for the calendar year that is prior to the year in which the Qualifying Termination occurs, provided the Company has not already paid you a Target Bonus (or other annual bonus) for the prior year, and (b)  an amount equal to 1.5 times a bonus of seventy-five percent (75%) of your base salary for the calendar year in which the Qualifying Termination occurs; and (iii) subject to the terms and conditions provided for in COBRA, and subject to your timely election of COBRA, the Company shall pay the premium payments for you and your eligible dependents for group health and dental insurance after the date on which your employment terminates through (1) the end of the period during which you are receiving base salary continuation, or (2) the date you become employed with benefits substantially comparable to the benefits provided under the corresponding Company plan, or (3) the date you become ineligible for COBRA benefits (the “COBRA Period”); provided, however, that such Company-paid premiums may be recorded as additional income pursuant to Section 6041 of the Internal Revenue Code of 1986, as amended (the “Code”) and not entitled to any tax qualified treatment to the extent necessary to comply with or avoid the discriminatory treatment prohibited by the Patient Protection and Affordable Care Act of 2010 and the Health Care and Education Reconciliation Act of 2010 or Section 105(h) of the Code; and (iv) the vesting of your then outstanding unvested equity grants, if any, shall be accelerated in a number of shares that would have become vested had you continued as an employee of the Company for eighteen (18) months following a Qualifying Termination. You shall be responsible for the entire COBRA premium should you elect to maintain this coverage after the earlier of the dates specified in Sections 13.A.iii(1)-(3) above.

		
	B.
	If a Qualifying Termination occurs (x) prior to three (3) months before or (y) more than twenty-four (24) months following, a Change in Control Transaction, and the Qualifying Termination occurs on or after the two-year anniversary of the Effective Date: (i) The Company will provide you with severance pay in the form of continuation of your base salary for a total of twelve (12) months, such amount to be paid in accordance with the Company’s then current payroll practices, except as otherwise specified in this letter agreement, beginning on the Company’s first regular payroll date that occurs after the Payment Date; (ii) the Company will pay to you (a) the bonus accrued by the Company for you for the calendar year that is prior to the year in which the Qualifying Termination occurs, provided the Company has not already paid you a Target Bonus (or other annual bonus) for the prior year, and (b)  a bonus of seventy-five percent (75%) of your base salary for the calendar year in which the Qualifying Termination occurs; and (iii) you will be eligible for the same COBRA premium assistance as set forth in Section 13.A.iii above, subject to the same terms, conditions, and limitations as described therein; and (iv) the vesting of your then outstanding unvested equity grants, if any, shall be accelerated in a number of shares that would have become vested had you continued as an employee of the Company for twelve (12) months following a Qualifying Termination.

		
	C.
	If a Qualifying Termination occurs within three (3) months prior or twenty-four (24) months following a Change in Control Transaction, and regardless of whether the Qualifying Termination occurs prior to, on, or after the two-year anniversary of the Effective Date: (i) The Company will provide you with severance pay in the form of continuation of your base salary for a total of eighteen (18) months, such amount to be paid in accordance with the Company’s then current payroll practices, except as otherwise specified in this letter agreement, beginning on the Company’s first regular payroll date that occurs after the Payment Date; (ii) the Company will pay to you the greater of (a) the bonus accrued by the Company for you for the calendar year that is prior to the year in which the Qualifying Termination occurs, provided the Company has not already paid you a Target Bonus (or other annual bonus) for the prior year, and a bonus of seventy-five percent (75%) of your base salary for the calendar year in which the Qualifying termination occurs and (b)  an amount equal to 1.5 times the Target Bonus, to be paid in one lump sum on the Company’s first regular payroll date that occurs after the Payment Date; (iii) you will be eligible for the same COBRA premium assistance as set forth in Section 13.A.iii above, subject to the same terms, conditions, and limitations as described therein; and (iv) the vesting of 100% of your then outstanding unvested equity grants shall be accelerated, such that all unvested equity grants vest and become fully exercisable or non-forfeitable as of the date your employment terminates.

You will not be eligible for, nor shall you have a right to receive, any payments or benefits from the Company following your termination date other than as set forth in this Section.  For the sake of clarity, it shall not be a “Qualifying Termination” if your employment terminates because of your death or due to your Disability (as defined below).
		
	D.
	The Severance Benefits will be subject to the following terms and conditions:

		
	i.
	Solely for purposes of Section 409A of the Code, each salary continuation payment is considered a separate payment.

		
	ii.
	Any severance or other benefits under this letter agreement will begin only upon the date of your “separation from service” (as defined under Section 409A(a)(2)(A)(i) of the Code and Treas. Reg. §1.409A-1(h)) which occurs on or after the date of termination of the employment. To the extent that the termination of your employment does not constitute a separation from service under Section 409A(a)(2)(A)(i) of the Code and Treas. Reg. §1.409A-1(h) (as the result of further services that are reasonably anticipated to be provided by you to the Company, or any of its parents, subsidiaries or affiliates, at the time your employment terminates), any severance benefits payable that constitute deferred compensation under Section 409A of the Code shall be delayed until after the date of a subsequent event constituting a separation from service under Section 409A(a)(2)(A)(i) of the Code and Treas. Reg. §1.409A-1(h). For purposes of clarification, this Section shall not cause any forfeiture of benefits on your part, but shall only act as a delay until such time as a “separation from service” occurs.

Further, if you are a “specified employee” (as that term is used in Section 409A of the Code and regulations and other guidance issued thereunder) on the date your separation from service becomes effective, any severance benefits payable hereunder that constitute non-qualified deferred compensation under Section 409A of the Code shall be delayed until the earlier of (i) the business day following the six-month anniversary of the date your separation from service becomes effective, and (ii) the date of your death, but only to the extent necessary to avoid such penalties under Section 409A of the Code. On the earlier of (A) the business day following the six-month anniversary of the date your separation from service becomes effective, and (B) your death, the Company shall pay you in a lump sum the aggregate value of the non-qualified deferred compensation that the Company otherwise would have paid you prior to that date as described above. Neither the Company nor you shall have the right to accelerate or defer the delivery of any such payments or benefits except to the extent specifically permitted or required by Section 409A of the Code. The Company makes no representation or warranty and shall have no liability to you or any other person if any provision of this letter agreement is determined to constitute deferred compensation subject to Section 409A of the Code, but do not satisfy an exemption from, or the conditions of, Section 409A of the Code.
		
	iii.
	The Company’s obligation to provide the Severance Benefits will be contingent upon your entering into and complying with a separation and release of claims agreement in a form to be provided by the Company (which will include a release of all releasable claims and non-disparagement and cooperation obligations) (the “Release”), which Release must be signed and any applicable revocation period with respect thereto must have expired by the sixtieth (60th) day following your termination of employment.  The Severance Benefits shall be paid or commence on the first payroll period following the date the Release becomes effective (the “Payment Date”).  Notwithstanding the foregoing, if the 60th day following the date of termination occurs in the calendar year following the date on which your employment terminates, then the Payment Date shall be no earlier than January 1 of such subsequent calendar year.  In addition, to remain eligible for the Severance Benefits you must comply with all post-employment obligations, including those in the Restrictive Covenant Agreement that you shall sign as a condition of employment.

		
	iv.
	The Company’s obligations to pay or provide the Severance Benefits will be contingent upon your having tendered your resignation from the Board and all offices you hold in the Company (and any other boards on which you serve or offices that you hold at the request of the Company), effective as of the date of termination.

		
	v.
	You agree to give prompt written notice of any subsequent employment you obtain during the COBRA Period that results in your eligibility for comparable medical and dental benefits. If the Company makes any overpayment of COBRA premium amounts, you agree to promptly return any such overpayment to the Company. The foregoing shall not create any obligation on your part to seek reemployment after the date of termination of your employment.

4.Section 14 of the Agreement is hereby deleted in its entirety and replaced with the following:
		
	14.
	 Benefits in the Event of a Termination that is Not a Qualifying Termination:  In the event of any termination of your employment that is not a Qualifying Termination, including without limitation, your termination by the Company for Cause, your resignation without Good reason, or termination due to your death or Disability, the Company’s obligations under this letter agreement shall immediately cease and you shall be entitled only to the Accrued Compensation (as defined below).  You shall not be entitled to any other compensation or consideration, including any bonus not yet awarded for which you may have been eligible had your employment not ended.  However, in the event your employment terminates due to your death or Disability (i) the vesting of your then outstanding unvested equity grants, if any, shall be accelerated in a number of shares that would have become vested had you continued as an employee of the Company for twelve (12) months following your death or disability; and (ii), provided such termination occurs between the end of a calendar year and the Bonus Payment Date, you (or your estate, as applicable) will be paid any bonus you would have received for the prior calendar year had you remained employed by the Company on the Bonus Payment Date (any such bonus to be paid on the Bonus Payment Date).  In addition, in the event your employment terminates due to your death, the Company will provide you with severance pay in the form of continuation of your base salary for a total of twelve (12) months, such amount to be paid in accordance with the Company’s then current payroll practices, except as otherwise specified in this letter agreement, beginning on the Company’s first regular payroll date that occurs after the Payment Date.

15.All terms and conditions of the Agreement not expressly amended by this Second Amendment remain in full force and effect.
16.This Second Amendment may be executed in one or more counterparts, and by facsimile or scanned and electronically mailed or otherwise electronically transferred signatures, each of which shall be an original document, and all of which together will constitute one and the same instrument.

IN WITNESS WHEREOF, the Company and Executive hereby indicate their acceptance of the terms of this Second Amendment by the signatures of their authorized representatives below.

	
			
	Company:
	 
	 

	 
	/s/ Kenneth P. Fallon, III
	 

	 
	Kenneth P. Fallon, III, Chairman
	 

	 
	 
	 

	 
	 
	 

	Executive:
	 
	 

	 
	/s/ Mark A. Augusti
	 

	 
	Mark A. Augusti

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